7th Pay Commission: Government employees to get in hand only 50% of increased salary?

Wednesday, April 13, 2016 - 22:37

New Delhi: Government is looking at a scheme for encouraging its employees to invest part of their 7th pay commission salary hike in a fund which would be used for recapitalisation of state-owned banks.

High income government official, according to officials, could be roped in to invest in the fund by offering lucrative incentives like tax break or higher return.

7th Pay Commission: Group of secretaries to recommend 15 percent more pay

7th Pay Commission: Group of secretaries to recommend 15 percent more pay

New Delhi: The Sen Times has learned an average increase of 15 percent pay of central government employees more than Pay commission recommendations, is likely to be suggested by the group of secretaries, who is examining the 7th Pay Commission report.

The 7th Pay Commission’s report was published on November 19.

An estimated 48 lakh central government employees and 52 lakh pensioners across the country receive the pay , which currently stands on Sixth Pay Commission recommendations and it’s unable to neutralise the impact of inflation, which are being faced by the central government employees.

WISH YOU VERY HAPPY TAMIL NEW YEAR TO ALL

DA ORDERS - REVISED RATES EFFECTIVE FROM 01.01.2016: DEPARTMENT OF POST ORDER

Minimum pay under 7th CPC likely to be revised to Rs 20,000; award to come with increment bonanza

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.

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

SERVICES TO BE COVERED UNDER RURAL ICT

Status of Cadre Review Proposal as on 31.03.2016

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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.

Modernization of Service Book

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