BONUS ACT 2015

The Payment of Bonus (Amendment) Bill, 2015 was passed by the Parliament in the just concluded Winter Session of the Parliament. The Payment of Bonus (Amendment) Act, 2015 has been published in the Gazette of India, Extraordinary on 1st January, 2016 as Act No. 6 of 2016. The provisions of the Payment of Bonus (Amendment) Act, 2015 shall be deemed to have come into force on the 1st day of April, 2014.

INDIA POST BANK TO OPEN DOORS IN MARCH 2017 WITH INFOSYS FINACLE

India Post Bank has been given the go-ahead to start processing payments in 2017 following a number of lengthily delays.

The post office’s financial services are seen as a viable provider for India’s rural population, of which a majority do not have access to banking.

230 million Indians, however, do hold savings accounts with the Post Office, which has 139,144 locations across rural areas of the country.

7th CPC : Arrears to be paid in one instalment

New Delhi: The central government employees and pensioners will get arrears of the Seventh Pay Commission in one instalment, besides their pay hike.

The Implementation Cell in Finance ministry will submit a report to Finance Minister Arun Jaitley to pay the arrears of the Seventh Pay Commission in one installment.

According to sources, the Implementation Cell in Finance ministry will submit a report to Finance Minister Arun Jaitley on arrears payment of the Seventh Pay Commission in a single installment along with the reviews of whole pay commission report.

The entire concept of ‘arrears of pay’ has shot into the lime light as a result of the recommendations of the Seventh Pay Commission that has been released in November, proposed a 23.55% increase in pay, allowances and pension for 4.8 million central government employees and 5.5 million pensioners, which have resulted in a pay hike of central government employees with a retrospective effect from January 1, 2016.

According to reports,The recommendations of the Seventh Pay Commission are expected to add Rs 73,650 crore or 0.65 percent of the GDP in the first year, to the government’s expenditure. In line with the recommendations of the Commission, the government will pay hike salaries as well as pensions.

Also, the recommendations of the Commission come into effect from 1 January, 2016. They will be implemented from 1 April, 2016. Hence, arrears for the three months of January to March 2016 will also have to be paid. This is likely to amount to Rs 18,412.5 crore (Rs 73,650 divided by four). This pushes up the total extra expenditure due to the recommendations of the Seventh Pay Commission to Rs 92,062.5 crore (Rs 73,650 crore plus Rs 18,412.5 crore).

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CCS (CONDUCT) RULES, 1964 - SUBMISSION OF DECLARATION OF IMMOVABLE PROPERTY RETURNS BY THE GOVERNMENT SERVANTS – REGARDING

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POSTING OF GOVERNMENT EMPLOYEES WHO HAVE DIFFERENTLY ABLED DEPENDENTS- REG.

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Committee set up to Review Wage Structure of Gramin Dak Sevaks

Press Information Bureau 
Government of India
Ministry of Communications & Information Technology 

01-January-2016 15:16 IST

Committee set up to Review Wage Structure of Gramin Dak Sevaks 

A one man Committee to examine the wage structure, service conditions, etc. of the Gramin Dak Sevaks in the Department of Posts has been constituted by the Government of India.

Shri Kamlesh Chandra, Retired Member of Postal Services Board, will constitute the Committee. The Committee will be assisted by Shri T.Q. Mohammad, a Senior Administrative Grade Officer, who will act as Secretary to the GDS Committee. The Committee will go into the service conditions of Gramin Dak Sevaks and suggest changes as considered necessary. The terms of reference of the Committee will, inter-alia, include the following:-

    a)      To examine the system of Branch Post Offices, engagement conditions and the existing structure of wage and enrolments paid to the Gramin Dak Sevaks and recommend necessary changes;

    b)      To review the existing Services Discharge Benefits Scheme/other social security benefits for the Gramin Dak Sevaks and suggest necessary changes;

STATE GOVT DECLARED THE STATE OF TAMILNADU AS FLOOD AFFECTED ; G.O. ISSUED - FOR GDS ALREADY APPLICATIONS CALLED - PL SEE THE ORDERS

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Current Affairs : Goodbye 2015 (All Important News Collection of 2015) | Welcome 2016

Current Affairs : Goodbye 2015 (All Important News Collection of 2015) [PDF]: Welcome - 2016

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SB Order 2015 at a glance: India Post

Collection of SB Orders released during the period of 2015. Totally 17 nos. of orders were released and given below for your kind reference.

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