7th Pay Commission – Hike the Basic Minimum pay by 44% – Review the Salaries after every 5 years – Unions

The brewing discontent amongst the central government employees is threatening to create a storm and disrupt the implementation process. The unions are asking around 44% hike on the basic minimum pay and review the salaries every 5 years.

7th Pay Commission – Hike the Basic Minimum pay by 44% – The unions had staged a 3-day agitation earlier in January, and even threatened to strike work for longer period.

DIRECTORATE ORDERS TO CIRCLES TO STRICTLY ADHERE TRADITIONAL WORKING HOURS

EMPOWERED COMMITTEE ON 7TH CPC WILL SOON START ITS ANALYZING REPORT

New Delhi: Government’s high-level Empowered Committee of Secretaries headed by Cabinet Secretary P K Sinha, set up to address issues related to the Seventh Pay Commission report, will soon analyse the pay panel report that is expected to suggest ways to further improve ease of implementation of the Seventh Pay Commission recommendations.

As part of efforts to address concerns expressed about pay and allowances aspects of central government employees in respect of the Seventh Pay Commission report, the government had set up the high-level Empowered Committee of Secretaries in this month.

Government set up a high-powered panel headed by Cabinet Secretary P K Sinha to process the recommendations of the Seventh Pay Commission.

Finance Ministry sources said the Empowered Committee of Secretaries on the pay commission would provide government its report within six months and it would come into effect accordingly.

CENTRAL STAFF DEMAND MINIMUM PAY AS RS 26000/-

New Delhi: Implementing the recommendations of the 7th Central Pay Commission( 7th CPC) is not going to be acakewalk for the government.

The brewing discontent amongst the central government employees is threatening to create a storm and disrupt the implementation process. The unions are asking around 44 percent hike on the basic minimum pay suggested by the 7th Central Pay Commission.

Procedure to inquire paid transactions for MIS/SCSS/TD accounts in DOP Finacle

• For all the accounts of SBA scheme i..e, SB/PPF/SSA accounts we will inquire the ledger details and ledger balance using the menu HACLI(Account Ledger Inquiry).
• But for TDA accounts i..e., MIS,SCSS and TD accounts we can't trace the total installments paid to the customer using the menu HACLI as these accounts interests will be credited in respective Sundry accounts ( Unposted Office Account).
• For MIS,SCSS and TD accounts interests of the customers will be credited in respective sundry accounts i..e,

For MIS accounts Sundry account is SOLID+0337.
For SCSS accounts Sundry account is SOLID+0338.
For TD accounts Sundry account is SOLID+0335.

Generally in DOP Finacle we will reverse the amount i..e, customer interest from the Sundry account by giving the reference number (customer account number) which is called pointing account hence Sundry accounts comes under OAP(Office Account Pointing).

Closing and Despatching of UnRegd First Class mail in Meghdoot software is also mandatory

Usage of bag label for Unregistered First Class bags by mail offices and Post Offices

DEPARTMENT OF POSTS, INDIA

Office of the Senior Superintendent of Post Offices

Bhubaneswar Division, Bhubaneswar -751009

To

              1. The Sr. Postmaster, Bhubaneswar GPO, Bhubaneswar-751001.

              2. All Postmasters/Sub Postmasters under Bhubaneswar Division. 

No:- G-168                                                             Dated at Bhubaneswar-9 the 21.01.2016. 

Sub: Usage of bag label for Unregistered First Class bags by mail offices and Post Offices.  

               This is regarding usage of bag label for Unregistered First Class Mail bags by mail offices and Post Offices.   

              In this connection instruction has been received vide Directorate letter no.30-24/2012-d dated 27/10/2014 conveyed vide C.O letter no.ML/2-109/2012 dated 01.12.2014 that all mail offices and Post Offices will start using the new bag label referred to above while closing a bag containing unregistered mail . But the same has not been happened till date. 

Pensioners accounts not to have more than 14 transactions in a Year

Reserve Bank Of India

RBI/2015-16/294

DGBA.GAD.No.2278/31.12.010/2015-16

January 21,2016

The Chairman & Managing Director/
The Chief Executive Officer
All Agency Banks

Dear Sir/Madam

Payment of Agency Commission on pension accounts

As you may be aware, agency banks are being compensated at Rs.65 per transaction for handling pension computation, payment and related services on behalf of Central and State Governments. As per the norms followed by the Government, a pensioner’s account should not have more than 14 credit transactions in a calendar year attributable to pension and related arrear payments, if any.

GOVT TO FACTOR IN PAYOUT OF 7TH PAY COMMISSION IN DEFICIT TARGETS

Expected to incur an additional expenditure of Rs 1.02 lakh crore to pay higher salaries and pensions recommended by the commission, Rs 28,000 crore alone will go for salary hikes of railway employees. In total, the implementation will impact the fiscal deficit by 0.65% of the GDP.

Experts feel that deficit figures shared in the medium-term fiscal policy statement had stated that the fiscal deficit target for FY17 and FY18 is 3.5% and 3.0%, respectively will have a significant impact from the pay commission pay out, leaving the government with higher deficit numbers.

Government Set To Increase Provident Fund Interest Rates

DELHI: The Employees Provident Fund Organisation’s (EPFO) finance panel has recommended raising the interest rate on statutory savings of over 5 crore subscribers from 8.75% to 8.95% during the current fiscal.

The proposal has to be endorsed by the central board of trustees before the finance ministry notifies it. If it goes through, it will be the highest return since the 9.5% paid in 2010-11 and the highest ever real interest rate (after netting out inflation) in recent years. An 8.95% rate will translate into returns of nearly 12% for those in the highest slab as the withdrawals and interest earnings do not attract tax at the time of withdrawal.

Immovable Property Return for the year 2015 (as on 31.12.2015) - submission through cscms.nic.in