Breaking


Showing posts with label pay revision. Show all posts
Showing posts with label pay revision. Show all posts

Wednesday, 16 October 2019

By at No comments:
Labels: , , ,

Friday, 11 October 2019

By at No comments:
Labels: , , , ,

Sunday, 23 September 2018

By at No comments:
Labels: , , ,

Monday, 19 March 2018

By at No comments:
Labels: , , ,

Tuesday, 23 January 2018

By at No comments:
Labels: , , , ,

Sunday, 30 October 2016

08:07

West Bengal pay panel seeks extension of one more year

West Bengal pay panel seeks extension of one more year

According to sources in Nabanna, Sarkar wrote to the Chief Minister and the state Finance Department seeking an extension of the eight-member Commission as hearing of many of the applications is yet to be completed.
Chief Minister Mamata Banerjee had announced the setting up of the Pay Commission on November 27 last year. Initially, the Commission was granted six months to file its report. Later, it was extended by another six months.
The Commission received around 1,100 applications including those from various government employees’ associations and intends to hear all the applicants before preparing the final report. Based on the report, the state government will decide on restructuring of the salary of its employees.
Besides, the Commission also has to examine policies including existing promotion policies, related aspects, benefits and allowances to the employees.
While the Commission report was pending, the Mamata Banerjee government announced an interim relief of 10 per cent on band pay to the state government employees. 
The Chief Minister made the announcement soon after coming to power for the second term. The interim relief came into effect from July this year, for which the state government has allocated Rs 3,000 crore.
State government employees are eagerly waiting for the revision in their pay structure as there is a difference in the dearness allowance paid to them and the Central government employees.

Source:Sapost
0
By at No comments:
Labels: , , ,

Thursday, 26 May 2016

22:27

7th Pay Commission – Empowered committee to hand over recommendations to FinMin in June

7th Pay Commission – Empowered committee to hand over recommendations to FinMin in June

New Delhi: Cabinet Secretary P K Sinha who is heading the Empowered Committee or Secretaries group is likely to hand over a report on the revised pay structures of 7th pay commission recommendations to Finance Minister Arun Jaitley by the end of next month.

Cabinet Secretary Sinha will finally make his appearance before the the Empowered Committee or Secretaries group on June 11 to make a proposal on the recommendations of 7th Pay Commission before cabinet nod.

“The proposal will be placed before the Cabinet after the finance ministry’s review.

We don’t think it will take more time for Finance Minister Arun Jaitley’s consideration and the new pay structures will be implemented from July after cabinet nod,” said a top official from the Finance Ministry who did not wish to be named.

The 7th Pay Commission headed by Justice A K Mathur submitted the report on November 19.

It had proposed the highest salary at Rs 250,000 and the lowest at Rs 18,000.

The commission also recommended 14.27 per cent increase in basic pay, 23.55% overall increase in salary, allowances and pensions. The increase in allowances was recommended 63% while pension was proposed to rise 24%.

Finance Minister Jaitley is likely to agree with the Secretaries group. “I think it should not be touched again,” the official said.

Once the new structure is implemented, salaries of around 48 lakh central government employees and 52 lakh pensioners will rise by 30 percent.

The Finance Minister already said the 7th pay commission award would not make the commodity prices to go up.

The central government employees and pensioners will also spend more money on a variety of goods after receiving the 7th Commission award with arrears from January 2016.

“This means higher consumption similar to what happened in the past. But the previous two Pay Commission awards came with a lag of two years. So the arrears were large. This time, it will not be so,” says Pronab Sen, former Chief Statistician, government of India and now Country Director, International Growth Centre, a think tank based at LSE, run in partnership with University of Oxford.

The official also agrees with Sen and said there was no possibility of any impact of the report on the market at this stage of implementation as there were no impacts when the Pay Commission had first submitted the report.

The government formed a 13 member secretary-level Empowered Committee or Secretaries group headed by Sinha in January to review the report of the 7th Pay Commission before cabinet nod.

The 7th pay commission was set up by the UPA government in February 2014.

It submitted the report after around 22 months.

After getting the 7th pay commission report, the finance minister Jaitley while introducing the Seventh Pay Commission report on November 19, already said that the final decisions on the Seventh Pay Commission report took five and a half months including the process of Secretaries group.

Finance Minister also said, government had requisite fund to implement it.

The secretary group is likely to propose pay structure of minimum at Rs 21,000 and the maximum at Rs 2,70,000

Accordingly, the Secretaries group is likely to reach the conclusion to propose 30 percent basic pay raise instead of 14.27 per cent, which was recommended by 7th Pay Commission.

They are also mulling for doubling of existing rates of such allowances and advances, which has been recommended for abolition by the 7th Pay Commission, sources said.

Source:- GovEmployees

0
By at No comments:
Labels: , , ,

Monday, 11 April 2016

22:26

7th Pay Commission : Guess who else is going to benefit from Central Govt Employees' pay hike!

7th Pay Commission : Guess who else is going to benefit from Central Govt Employees' pay hike!
It is not just Central government employees eagerly anticipating implementation of the 7th pay commission and take home higher monthly pay package.
Your next-door real estate agent, car dealer and consumer durables seller are also seen gaining from the pay commission hike. According to reports, almost 3.4 crore individuals (employees and pensioners) will witness increase in their incomes, resulting in a multiplier effect on a couple of professions. 
Real estate agent: Realty sector is expected to eventually succeed in shaking off the sluggish demand and witness spurt in the sale of houses in tier 1 and tier 2 cities as more than 80 percent of Central government employees lives in these cities
As a result of the foreseen demand, the Reserve Bank of India expects sharp, quick and continuous spurt in the housing index.
Car dealer: With implementation of the 7th CPC, your next door car or two wheeler dealer may rejoice too. The industry expects double digit increase in automobile sales especially two-wheeler, the mini and the compact hatch back segment. 
Consumer durables seller: The increase in disposable income will no doubt boost the disposable income leading to increased demand for consumer durables goods like refrigerators, TV etc
Banker: Of course, peaking demand for automobiles, real estate and consumer durable will create demand for consumer loans. The consumer loans section of banks and NBFCs will vie to get the larger share of the indirect gain from the 7th CPC salary hike.
The scenario of crores of potential customers and falling interest rate will announce a win win situation for the banks and consumers both.

 Source:Sapost

0
By at No comments:
Labels: , ,
22:19

Payment of Dearness Allowance to Railway employees Revised rates effective from 01.01.2016: Railway Board Order RBE No. 32/2016

Payment of Dearness Allowance to Railway employees Revised rates effective from 01.01.2016: Railway Board Order
Government of India 
Ministry of Railways 
(Railway Board)S.No.PC-VI/364
RBE No.32/2016No.PC-VI/2008/1/7/2/1

New Delhi, dated 08.04.2016The GMs/CAO(R).
All Zonal Railways & Production Units,
(as per mailing list)

Sub: Payment of Dearness Allowance to Railway employees Revised rates effective from 01.01.2016.

Please refer to this Ministry’s letter of even number dated 24.09.2015 PC-VI/356 RBE No.115/2015) on the subject mentioned above. The President is pleased to decide that the Dearness Allowance payable to Railway employees shall be enhanced from the existing rate of 119% to 125 % with effect from January, 2016. 

2. The provisions contained in Paras 3, 4 & 5 of this Ministry’s letter of even number dated 09.09.2008 (S.No. PC-V1/3, RBE No 106/2008) shall continue to be applicable while regulating Dearness Allowance under these orders. 

3. The additional installment of Dearness Allowance payable under these orders shall be paid in cash to all railway employees. The arrears may be charged to the salary bill and no honorarium is payable for preparing separate bill for this purpose. 

4. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.


(M.K.Panda) 
Jt.Director, Pay Commission 
Railway Board 
Source:Sapost
0
By at No comments:
Labels: , , , ,

Thursday, 6 August 2015

05:15

Pay panel may recommend Rs 16,000 as minimum salary for Kerala State Government Employees

Pay panel may recommend Rs 16,000 as minimum salary for Kerala State Government Employees

The Kerala Pay Revision Commission is likely to recommend Rs 16,000 as the minimum salary and Rs 1 lakh as the maximum for state government employees. Salaries will go up 13 per cent when the dearness allowance of 80 per cent is merged into it. There was a 12 per cent increase in the previous pay revision.

The previous pay commission had recommended a minimum salary of Rs 8,500 and a maximum of Rs 59,840.

The 10th pay commission, headed by Justice N. Ramachandran Nair, is also likely to include measures to increase efficiency in proportion to the pay rise. The commission may submit its report before June 30, when its term ends.

The commission will base its recommendations on the increase in everyday essential commodities and the Consumer Price Index in the last five years. The pay rise, however, will be limited by the budgetary allocation of Rs 6,000 crore. The state government budget was strained by Rs 3,000 crore with the previous pay revision.

The report is also expected to have a recommendation for providing medical insurance for government employees in association with public sector insurance companies, in place of the current system where the government is paying the bill.

The commission’s recommendations would affect employees of the state government and local self-government bodies, teachers in government and government-aided schools and colleges and university employees.

Kerala government is spending about 75 per cent of its revenue on salaries and pensions, on an average.

Source:http://centralgovernmentemployeesportal.blogspot.in/2015/06/pay-panel-may-recommend-rs-16000-as.html
0
By at No comments:
Labels: , , , ,

Saturday, 18 July 2015

08:07

Revision of Pay scale for Government Employees

Revision of Pay Structure for Government Employees

Fixing the minimum basic pay of State government employees and teachers at Rs.17,000 and the maximum at Rs.1,20,000, the Tenth Pay Revision Commission submitted its recommendations to the government on Monday.

The present minimum salary, including dearness allowance, is Rs.15,300 and the maximum, Rs.1,07,712. The revised salary will come into effect from July 1 last. Eighty per cent DA has been merged with the basic salary and the retirement age has been proposed to be enhanced from 56 to 58 years.

As in the previous revision, there are 27 scales and 82 stages. The minimum increase in salary will be Rs.2,750, including basic pay and house rent allowance.

The minimum pension will be Rs.8,500 and the maximum, Rs.60,000. This proposal has been made against the present Rs.4,500 and Rs.29,920. The service for full pension has been reduced from 30 years to 25 and the salary revision should be once in 10 years.

The fitment benefit (benefit given on fixing a new scale for an employee) has been pegged at 12 per cent of the basic pay but the minimum rate has been fixed at Rs.2,000. The service weightage given for every completed year is 0.5 per cent and the maximum has been pegged at 15 per cent.

The combined maximum benefit for fitment and service weightage has been restricted at Rs.12,000. As the provision for opting to continue in the existing pay scale has been scrapped, all employees will have to compulsorily accept new scales.

The minimum increment rate is Rs.500 and the maximum, Rs.2,400. The house rent allowance in rural areas has been enhanced from Rs.250 to a minimum of Rs.1,000 and a maximum of Rs.1,750. About 55 per cent of the employees will benefit from the hike. The city compensatory allowance has also been hiked but the special pay has been scrapped.

Senior teachers with more than 28 years of service will be designated as deputy headmasters. Station house officers at 100 major police stations will be raised to the level of circle inspector.

A service selection board has been mooted for selecting SHOs and Deputy Superintendents of Police to be posted for law and order duty.

The grade of village officer has been proposed to be raised as deputy tahsildar. It has been proposed to merge the Higher Secondary and the VHSE departments and the Printing and Stationery departments.

 Source :The Hindu
0
By at No comments:
Labels: , , , , ,

Wednesday, 24 June 2015

09:49

Pay Commission likely to recommend 16000 as Minimum Salary and 1 lakh as Maximum for Kerala State Employees

Pay Commission likely to recommend 16000 as Minimum Salary and 1 lakh as Maximum for Kerala State Employees

Pay Commission likely to recommend 16000 as Minimum Salary and 1 lakh as Maximum for Kerala State Employees

According to the media reports, the 10th Kerala Pay Revision Commission may recommend Rs.16000 as the minimum salary and one lakh as the maximum salasy for the employees working under the state government of Kerala. Revision of salary may calculated by merging of 80% Dearness Allowance with basic pay and the result of hike in salary would be 13%. The last Pay Revision Commission the salary hike was 12%.

The State Government of Kerala constituted a committee for the pay revision of its employees under Justice C.N.Ramachandran Nair last year and the committee will submit its report to the Government expected before 30th June 2015.

For state Government employees, Medical Insurance facility in association with private insurance companies may recommend is also expected in this report.

This pay revision will be effect for all employees working under state government and local self-government bodies, teachers in government and government-aided schools and colleges and university employees.

0
By at No comments:
Labels: , , ,

Tuesday, 19 May 2015

07:42

1st July of every year – ‘Increment Day’ for Central Government employees

1st July of every year – ‘Increment Day’ for Central Government employees

As per the 6th Pay Commission CCS (Revised Pay) Rules 2008, provisions of Rule 10 with effect from 1.1.2006, uniform date of increment was implemented for all Central Government employees i.e. 1st July of every year. One more condition for getting increment is provided in this rule, completing six months in the same pay as on 1st of July are only eligible to be granted the annual increment. Who have not rendered six months period of service as on first of a year will not be eligible to draw increment on that day and their date of increment will fall 12 months later on the next 1st of July.

Today is the ‘Increment Day’ for all Central Government employees. If the increment day falls on Sundays or holidays, the next working day will be taken as resumption day. In case of an employee taken leave 2.7.2012, his increment benefit will be granted only from the date on which he resumes duty and not from the first of July.

There would be rare chance to occur such problems to take leave on increment day. But whereas, better to avoid to take leave on first working day of any year. Normally most in the Government organisations, promotion orders are not publishing on the date of promotion. If the promotion date falls on first January, there should be condition on assumption that the promotee should be present for the duty on that day of promotion. If not, the promotion is to be granted only from the date of resumption of duty on return from leave. According to this rule, qualifying period for earning an increment is six months on 1st July, the date of next increment will postponed to the next year.

In the light of the above situation, if the first day of any year falls on Sundays or Holidays, the Dopt clarified that the ‘Government servants who join posts on the 1st working day of the year will be treated to have completed six months of service on 1st of July of that year for the purpose of granting them annual increment on that day’.

Every Central Government employee should know the calculation of Annual or Promotion increment, one increment is equal three percent of the sum of the Pay in the Pay Band plus Grade Pay and it should be calculated and rounded off to the next multiple of ten.

Annual Increment calculation :-

An employee’s basic pay of Rs.12,030 including Grade Pay of Rs.2,800, his increment fixation will be fixed as follows…

Basic Pay including Grade Pay : Rs.12,030

3% increment for Rs.12,030 and it rounded off to the next multiple of ten : Rs. 360

His Basic Pay as fixed on 1st July : Rs.12,390

[Note that in the case of calculation of increments under the revised pay structure of 6th CPC, paise should be ignored, but any amount of a rupee or more should be rounded off to next multiple of ten.]

Source: CGEN.in
0
By at No comments:
Labels: , ,