Centre to announce Pay, Pension hikes for its Employees this evening

The Union Cabinet on Wednesday approved the recommendations of the Seventh Pay Commission with minor changes, a top official source told The Hindu. Union Finance Minister Arun Jaitley, who left for Chandigarh soon after the Cabinet meeting, will announce the hikes this evening.

The Finance Ministry, which had recommended a 23.55 per cent overall hike in salaries and pensions for over 1 crore central government employees, pensioners, in line with the Commission’s recommendations, is fine-tuning the details, the source said.

June 29th 2016 Judgement day for 7th CPC final recommendations - All News channels

Implementation of new pay scales recommended by the 7th Pay Commission is estimated to put an additional burden of Rs 1.02 lakh crore on the exchequer annually.

Finance Minister Arun Jaitley had in his Budget for 2016-17 provisioned Rs 70,000 crore towards Seventh Pay Commission awards, which is around 60 per cent of the incremental expenditure on salaries.

The Pay Commission’s recommendations are due from January 1, 2016.

AIAPS(GL) IS SUBMITTED THE LETTER TO DIRECTORATE FOR THE SUGGESTIONS IN PSS GROUP B RECRUITEMENT RULES AMENDMENT

AIAPS(GL) IS SUBMITTED LETTER TO DIRECTORATE(COPY POSTED) FOR POSTMASTER CADRE RESTRUCTURE

DA from July 2016 set to increase by 6% or 7% for pre-revised

On the basis of All India Consumer Price Index for the period from July 2015 to April 2016 and assumed indices for May and Jun 2016, DA for Central Government Employees in Pre-revised pay (6th CPC) and DA from July after implementation of 7th Pay Commission have been estimated

DA-Pre-7th-CPC-Pay

DA from July 2016 set to increase by 6% or 7% on the basis of All India Consumer Price Index (Industrial Workers) with base year 2001=100, for Pre revised Pay (Pay prior implementation of 7th Pay Commission)

COACHING CLASS FOR LGO EXAMINATION AT MADURAI

FOUR DAYS FROM 03.07.2016 (SUNDAY) TO 06.07.2016 (WEDNESDAY)

Shri. M.Bakthavatchalam M.A., B.L., Senior Supdt. of Post Offices (Retired) and  Shri. P.Karunanithy, Supdt. of Pos (Retired) will conduct Coaching class at Madurai for four  days for ensuing LGO examination to be held on 31.07.2016 as detailed below:

Venue

Tamilnadu Government Employees Association building, No. 11, Mela Perumal Maistry veethi, near Chennai Silks and opposite  to Park Plaza Hotel, opposite Railway station , Madurai 625 001

Four  days classes

03.07.2016(Sunday) to 06.07.2016 – (Wednesday)

HSG II POSTINGS IN CHENNAI CITY REGION ORDERED

CONGRATS TO THOSE WHO ARE PROMOTED AND POSTED

SB ORDER 06/2016 - Change in procedure of issue of NSC and KVP from 01.07.2016.

Revised order of Odisha Circle Cadre restructure dated 24.06.16

Postal savings schemes to have passbooks

RATE REVISION HASN’T AFFECTED NUMBER OF DEPOSITORS, SAYS POSTMASTER GENERAL

From July 1, customers investing in Kisan Vikas Patra (KVP) and National Savings Certificates (NSC) will not be issued printed certificates. They will instead get them as passbooks.

Earlier, the Department of Posts planned to shift to issue the certificates in electronic mode.

However, officials said that as the efforts to issue e-certificates did not materialise, it was decided to provide KVP and NSC in the form of passbooks.

At present, about 25,000 certificates of KVP and NSC are being sold under various denominations every month in the Chennai city region. While the KVP is available from Rs.1,000 to Rs.50,000, the denomination for NSC starts at Rs.100 and is restricted to Rs.10,000.