Central employees to get three installments of D.A. from July 2021

 Good times likely to come for central Govt. employees and pensioners. As per sources, Govt. is going to release D.A./D.R for employees and pensioners from July 2021 onwards.

Earlier in early 2020, Govt. freezed D.A. and installment payable on January 2020, July 2021 and January 2021 kept on hold. But it promised to pay the installments once the ban is lifted and there will be no arrears.

January 2020 installment was 4%, announced earlier but the other two installments were non announced. The other two installments are calculated based on labour bureau data are 4% each (as calculated by our team).

So the govt employees are likely to get a hike of 12% in total from July 2021, if sources are to beleive.

Let us keep finger crossed for official announcement.

West Bengal to provide 3% Dearness Allowance from January 2021

 Announcing a three per cent hike in dearness allowance (DA) from next month for government staff, West Bengal Chief Minister Mamata Banerjee on Thursday said the states coffers would never run dry for its employees, although it was yet to receive dues of Rs 85,000 crore from the Centre.

Banerjee, during her address to members of TMC- affiliated government employees' association at the state secretariat, said dues payable by the Centre to Bengal had been mounting over a period of time under several heads -- UGC grant, GST and funds for COVID-19 battle among others.

"We had not been receiving our financial dues. At least  Rs 8,000 crore is due under GST. Despite financial constraints, we had met the recommendations of all previous pay commissions (Sixth Pay Commission). We will also provide three per cent hike in DA from January 2021," she said.

Banerjee said the exercise will incur an expense of Rs 2,200 crore on the state's exchequer.

"More than Rs 85,000 crore dues are yet to be cleared by the Centre but that will not prevent us from giving our people their dues," she said.

Date further extended for submission of Life Certificate for Central Pensioners

 The last date of submission of Life Certificate for Central Govt. Pensioners has been extended further ,upto 28th February 2021.

Central offices to run with bare minimum staff

 As a preventive measure to contain spread of Covid 19, Central offices to function with bare minimum staff upto 30th November or until further orders.

Officers at the level of Under Secretary and equivalent to attend office on every alternative day and and only skeletal staff below the above rank to be called to office.

The O.M.dated 11.11.2020 is reproduced below.

Diwali bonanza! Bank employees to get 15% salary hike for 2017-22

 In a big boost to over 8 lakh employees in the public, private and foreign banking sector, the Indian Banks' Association has officially signed the 11th Bipartite Settlement under which these employees would get around 15 per cent wage hike for the period starting 2017-22. The bank unions had demanded a 20 per cent hike, while IBA had initially offered a 12.25 per cent hike for the employees. After a series of discussions, the final annual hike of 15 per cent was announced.

The current hike in salaries would lead to an increase of about Rs 7,898 crore in the wage bill of the banking industry. The memorandum regarding the hike in salaries was signed between banks and several banking unions over three months back in July.

The ceiling on pension has also been removed. As per the new agreements, the family of the deceased bank employee would now get Rs 30,000 as pension compared to Rs 11,000 earlier.

The new proposals also list out giving out annual performance-linked incentives to the bank employees, depending on their bank's performance. This PLI scheme will be applicable over and above the salary.

As per the new guidelines, employees of the banks making 15 per cent annual operating profit will get 15 days' worth salary. Similarly, employees of the banks making an operating profit of 10-15 per cent would get 10 days' worth payment.