The central government employees seeking revision of salary structure proposed under the 7th Pay Commission are likely to see around 19 percent raise on the minimum salary being drawn currently. The Cabinet nod to the effect is expected in June.
Wednesday, April 6, 2016
Finance Ministry order - Discontinuation of physical pre-printed NSC and KVP certificates w.e.f. 1.4.2016
It is decided that the currently existing system of physical pre-printed certificates for KVP and NSC shall stand discontinued w.e.f. 1.4.2016 and shall be replaced by ‘National Savings Certificate/Kisan Vikas Patra Certificate on electronic - mode (e-mode). Till the CBS system transits to that e-mode, banks and post offices may choose to issue a physical certificate recorded on a passbook.
The serial numbers based on the new pattern allotted to the banks and the Department of Posts (DoP) with respect to KVP and NSC were detailed in the said Finmin’s OM of even number dated 23rd March. It is intimated that while issuing the certificate from 01.04.2016, Banks and Post Offices may use notification having G.S.R. No. 353 (E) dated 29.3.2016 for Kisan Vikas Patra and notification having G.S. R. No. 354 (E) dated 29.3.2016 for National Savings Certificate. It is intimated that these notifications are available on egazette.nic.in
7TH CPC REPORT – AREAS WHICH REQUIRE REVISION / MODIFICATION BY EMPOWERED COMMITTEE AS PER STAFF SIDE DEMANDS
7th Pay Commission Report – Areas which require Revision / Modification by Empowered Committee as per Staff Side demands – Minimum Pay, Fitment Formula, Annual Rate of Increment, Date of Effect, Ratio between Minimum Pay and Maximum Pay, Fixation of Pay on Promotion etc
After 7th Pay Commission formed in February 2014, staff side JCM consisting of members who are also office bearers of various staff organisations had submitted detailed memorandum to the Commission and suggested the quantum of Minimum Pay, Fitment Formula, Annual Rate of Increment, Date of Effect, Ratio between Minimum Pay and Maximum Pay, Fixation of Pay on Promotion etc., for taking in consideration by 7th Pay Commission in its recommendations.
Saturday, April 2, 2016
7th CPC approval in June 2016 - No HRA/TPA arrears for 6 months ?????
New Delhi: The cabinet is likely to approve the 7th pay commission award for central government employees in June for which the public exchequer will have to spend an additional amount of Rs 1.02 lakh crore.
Report of 7th Pay Commission was presented to Finance Minister Arun Jaitley in November.
However, there are no dearness allowance in their salary structure as the government recently announced 125 percent Dearness Allowance (DA) on which the pay panel recommended the 7th pay commission award.
Introducing a new provision of perks with the pay packet, the central government is also likely to give a increment, which is to be due in July, the month of implementation of pay commission recommendations for the central government employees, sources said.
Friday, April 1, 2016
SB CIRCULAR 2/2016
S B Order No. 02/2016 : Acceptance of POSB business in the case of Finacle CBS application is not accessible or slow to accept transactions presented at the counter - invoking of Business Continuity Plan (BCP) regarding
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