Seventh Pay Commission Proposes Huge HRA Hike
New
Delhi: The Seventh Pay Commission has proposed to huge increase House
Rent Allowance (HRA) of central government employees. This segment will
hike more than double, with the increases ranging between 106% and 122% .
Finance
Minister Arun Jaitley assured that he was not worried about fiscal
deficit and government would be able to meet its target despite
additional outgo towards the implementation of the Seventh Pay
Commission.
While
the Pay Commission headed by Justice A K Mathur suggested a 16%%
increase over the basic salary plus dearness allowance (DA) 63% in
allowances and 24% in pension for the central government employees.
The
Pay Commission made report, assuming that the rate of Dearness
Allowance would be 125 percent at the time of implementation of the pay
commission recommendation, i.e. on January 1 next year.
The
existing rates of HRA for Class X, Y and Z cities and towns are 30%,
20% and 10% of Basic pay (pay in the pay band plus grade pay). While the
pay commission has revised the rates HRA for these cities to 24%, 16%
and 8% respectively of new Basic pay (pay in the pay band plus grade pay
multiplying by a factor of 2.57).
Besides
the basic salary, a large portion of a central government employee’s
salary is the house rent allowance; some changes have been made in that
category this time.
Instead
of the existing rates of HRA for Class X, Y and Z cities and towns are
30%, 20% and 10% of Basic pay (pay in the pay band plus grade pay).
While the pay commission has revised the rates HRA for these cities to
24%, 16% and 8% respectively of new Basic pay (pay in the pay band plus
grade pay multiplying by a factor of 2.57).
The
Commission also recommends that the rate of HRA will be revised to 27
percent, 18 percent and 9 percent respectively when DA crosses 50
percent, and further revised to 30 percent, 20 percent and 10 percent
when DA crosses 100 percent.
So the HRA segment will rise dramatically more than 100 percent of the existing House Rent Allowance (HRA).
By
hiking House Rent Allowance, the Pay Commission has encouraged property
owners to rent out their properties, which policy is likely to reduce
the shortage of dwellings for all central government employees.
Employees who presently reside in government quarters do not get a house rent allowance.
It
is noted, the Seventh Pay Commission proposed no hike in Transport
Allowance (TPTA) for central government employees in its report.
The
central government employees will not get any hike in Transport
allowance on the time of implementation of the pay commission
recommendation as the existing Transport allowance figure automatically
reaches the Pay Commission revised Transport allowance figure after
adding 125 percent DA.
With
the increase in pay and allowances in fiscal 2016-17, the Finance
Minister Arun Jaitley assured that he was not worried about fiscal
deficit and government would be able to meet its target despite
additional outgo towards the implementation of the Seventh Pay
Commission.
Payment of Bonus Act Amendment Gazette Notification
The Gazette of India
EXTRAORDINARY
PART II — Section 1
PUBLISHED BY AUTHORITY
No. 6] NEW DELHI, FRIDAY, JANUARY 1, 2016/PAUSHA 11, 1937 (SAKA)
Separate paging is given to this Part in order that it may be filed as a separate compilation.
MINISTRY OF LAW AND JUSTICE
(Legislative Department)
New Delhi, the 1st January, 2016/Pausha 11, 1937 (Saka)
THE PAYMENT OF BONUS (AMENDMENT) ACT, 2015
NO. 6 OF 2016
[31st December, 2015.]
An Act further to amend the Payment of Bonus Act, 1965.
BE it enacted by Parliament in the Sixty-sixth Year of the Republic of India as follows:—
1. (1) This Act may be called the Payment of Bonus (Amendment) Act, 2015.
(2) It shall be deemed to have come into force on the 1st day of April, 2014.
2. In section 2 of the Payment of Bonus Act, 1965 (hereinafter referred
to as the principal Act), in clause (13), for the words ‘‘ten thousand
rupees’’, the words ‘‘twenty-one thousand rupees’’ shall be substituted.
PENSION CALCULATORS FOR CG PENSIONERS
3. In section 12 of the principal Act,—
(i) for the words ‘‘three thousand and five hundred rupees’’ at both the
places where they occur, the words ‘‘seven thousand rupees or the
minimum wage for the scheduled employment, as fixed by the appropriate
Government, whichever is higher’’ shall respectively be substituted;
(ii) the following Explanation shall be inserted at the end, namely:—
‘Explanation.—For the purposes of this section, the expression
‘‘scheduled employment’’ shall have the same meaning as assigned to it
in clause (g) of section 2 of the Minimum Wages Act, 1948.’.
4. In section 38 of the principal Act, for sub-section (1), the following sub-section shall be substituted, namely:—
‘‘(1) The Central Government may, subject to the condition of previous
publication, by notification in the Official Gazette, make rules to
carry out the provisions of this Act.’’.
DR. G. NARAYANA RAJU,
Secretary to the Govt. of India.
Authority: http://egazette.nic.in/
7th CPC PAY HIKE – IS IT A HIKE OR A FARCE ?
THE CAUSE IS HIDDEN
THE EFFECT IS VISIBLE TO ALL
THE CAUSE IS HIDDEN
THE EFFECT IS VISIBLE TO ALL
7th CPC has submitted its report to the Government and the additional
expenditure projected by the PAY Commission is of 1.02 lakh rupees. As
outsiders many of the country men started crying hoarse that the
Govt. employees are taking away lions’ share of its income.
Out of the projected 1.02 lakh hike, just above 1/4th is going to be
borne by Indian Railways within its own budget; centre has to bear 1/4th
towards pension, 1/4th towards allowances and only 1/4th towards Pay.
Govt. need to borne only Rs.27,750 crores towards increase in
pay. Allowances need not be taken as higher expenditure since they are
part of compensation towards inflation and expenditure incurred in
discharge of official duties.
7th CPC itself observed that financial impact on account of increase in
pay, allowances & pension will be 23.55%. Increase on account of Pay
& DA (excluding other allowances) will be to the tune of 16%. At
present, without implementing 7th CPC Report, Year on year increase in
the expenditure in both pay and pension has averaged about 11% of the
Central Expenditure. Thus real increase on account of increase in pay,
all allowances & pension will be only 12.55% (23.55% – 11% =
12.55%). Real increase on account of Pay & DA will be only 5% (16% –
11% = 5%).
IS THERE A REAL INCREASE IN TAKE HOME PAY?
Real increase in minimum wage between 6th CPC & recommended 7th CPC scales will be Rs.2250. Employees’ contribution to National Pension scheme will increase from Rs.700 to Rs.1800 and for CGEGIS it will increase from present Rs.30 to Rs.1500. Therefore increase in real wage (take home pay) of Rs.2250 will be eaten away by Rs.900 increased contribution for NPS plus Rs.1500 for CGEGIS. Net take home pay will have a negative growth of Rs.320 (Rs.1100 + Rs.1470 – Rs.2250 = Rs. – 320) as illustrated in the table below:
WILL THERE BE ANY ADDITIONAL EXPENDITURE DUE TO PAY HIKE RECOMMENDED BY 7TH CPC?
Government will take back into its treasury Rs. 6500 crores from increased monthly contribution towards CGEGIS and another Rs.2500 crores towards employees’ contribution for NPS from 11 lakh employees appointed after 1.1.2004. After reducing Rs.9000 crore from Rs.27,750 crore (projected increase in pay), net additional expense towards Pay will be around Rs.18,750 crores only. Even this additional expenditure is not true.
Total Expenditure on Pay & Allowance in FY 2012- 13 was Rs.1,29,599
crore. If it is indexed by 11% increase year on year, in the FY 2015-16
even without implementing 7th CPC recommendations increase on account of
Pay & Allowances will be around Rs.19,500 crore.
Therefore Government is not going to have any additional expenditure on
account of Pay increase after the implementation of 7th CPC Report as
per its recommendations.
For 2012-13, revenues foregone through various concessions to various
sections are estimated at a total of Rs.5,73,627 crore which was 10 per
cent higher than the total fiscal deficit of the Central Government,
financial experts say, concessions must be given to have
accelerated economic growth. Government employees are exposed
to negative growth in their real wage – but who cares?
Source : Voice of Rail Engineers – Editorial
Postal Service honors NASA with stamps that are out of this world
By Arielle Duhaime-Ross and Loren Grush, on
Having taken over the internet in 2015, NASA's next communication frontier is apparently snail mail.
The US space agency announced this week that
the Pluto flyby — arguably one of the most important scientific
achievements of the past year — would be honored with two stamps in
2016. The first depicts the New Horizons spacecraft, whereas the second
showcases an enhanced color image of Pluto taken during the flyby.
This isn't the first time that Pluto has been featured on a US stamp, but it is the first time that the dwarf planet can be seen so clearly on postage. In 1991, the US Postal Service issued a stamp that read: "Pluto: Not Yet Explored," a reminder that we still hadn't visited the tiny world. "Since the early 1990s the old, ‘Pluto Not Explored’ stamp served as a rallying cry for many who wanted to mount this historic mission ofspace exploration," said New Horizons team leader Alan Stern. When NASA finally launched the New Horizons Spacecraft in 2006, it placed one of those stamps inside the vessel.
Now, the US Postal Service is celebrating NASA's achievement by showcasing Pluto's headshot in all its glory. And as a nod to the old stamps that helped spawn New Horizons, the stamps bear the title: "Pluto — Explored!" But unlike their predecessors, these stamps probably won't be traveling over 4.67 billion miles to reach their final destination.
Among the other space stamps for 2016 are images of the planets and Earth's moon. There are even fourStar Trek stamps, which commemorate the 50th anniversary of the show's premiere. Hopefully the US Postal Service will live long enough and prosper so we can actually use these stamps to send mail.
This isn't the first time that Pluto has been featured on a US stamp, but it is the first time that the dwarf planet can be seen so clearly on postage. In 1991, the US Postal Service issued a stamp that read: "Pluto: Not Yet Explored," a reminder that we still hadn't visited the tiny world. "Since the early 1990s the old, ‘Pluto Not Explored’ stamp served as a rallying cry for many who wanted to mount this historic mission ofspace exploration," said New Horizons team leader Alan Stern. When NASA finally launched the New Horizons Spacecraft in 2006, it placed one of those stamps inside the vessel.
Now, the US Postal Service is celebrating NASA's achievement by showcasing Pluto's headshot in all its glory. And as a nod to the old stamps that helped spawn New Horizons, the stamps bear the title: "Pluto — Explored!" But unlike their predecessors, these stamps probably won't be traveling over 4.67 billion miles to reach their final destination.
Among the other space stamps for 2016 are images of the planets and Earth's moon. There are even fourStar Trek stamps, which commemorate the 50th anniversary of the show's premiere. Hopefully the US Postal Service will live long enough and prosper so we can actually use these stamps to send mail.
Hint: Use the 's' and 'd' keys to navigate
This
souvenir stamp sheet depicts an artists’ rendering of the New Horizons
spacecraft and an enhanced color image of Pluto taken during the flyby.
(USPS/Antonio Alcalá © 2016 USPS)
These
stamps show some of the images of planets obtained during the last
half-century of space exploration. Mercury, Venus, Earth, Mars, Jupiter,
Saturn, Uranus and Neptune each have their own stamp. Some of the
stamps show what someone might observe by looking at the planets from
space, whereas others were designed using imaging data to showcase
certain features. (USPS/Antonio Alcalá © 2016 USPS)
This image was taken as the full moon rises. (USPS/Greg Breeding under the art direction of William Gicker © 2016 USP)
To
celebrate the 50th anniversary of Star Trek, the US postal service
issued a series of forever stamps. These illustrations show the Starship
Enterprise, the silhouette of a crewman in a transporter, the
silhouette of the Enterprise, and the Enterprise inside the outline of
the Vulcan statue, respectively. (USPS/Heads of State under the art
direction of Antonio Alcalá © 2016 USPS)
Employment News : 02nd January 2015 - 08 January 2016
|
Source : http://employmentnews.gov.in
Procedure of RD account closure when RD Loan was taken in DOP Finacle Premature Closure
RD PMC
Invoke the RD Closure menu CRDCAAC from Operator Login. System will
automatically deduct the RD Loan amount and interest will be calculated
on SB Rate of interest as per rule. Loan interest will not be
calculated. RD Loan account balance will become 0 but will not be
closed. Loan account with Zero balance should be remained as it is and
not closed. No need to invoke HLAUPAY or HPAYOFF for repaying the Loan
amount.
On Maturity
RD Loan amount should be adjusted before closing the RD account.
Invoke the menu HPAYOFF (Loan Pay Off Process) to pay the pending
principal along with interest. Interest will be calculated at the
prescribed rate. Total amount displayed to be collected from the
customer. In case of transfer, select the repayment account of customer
or office account from where the loan amount is adjusted. Supervisor
need to verify the same. Invoke the menu HCAAC to close the RD Loan
account and verify the same. Invoke the menu CRDAAC to close the RD
Account.
Courtesy : http://finaclesolution.blogspot.in/
7th CPC had kindled such a great curiosity among the employees – CGE Portal
7TH CPC: CENTRAL GOVT EMPLOYEES EXPECTATIONS AND HAPPY NEW YEAR 2016
That the 7th Pay Commission which was eagerly expected by all the
Central Government Employees submitted its recommendations to the
Finance Minister on 19/11/2015 would have been known to almost all the
employees.
This is because all the popular websites, blogs, newspapers and TV
channels flashed news about the pay commission. It is a crucial
announcement which benefits 45 lakh employees and 50 lakh pensioners and
so the websites and blogs had a tough time to handle lakhs of visitors
who visited them at the same time.
The 7th CPC had kindled such a great curiosity among the employees. When
the 6th CPC announcement was made it did not receive such a wide
publicity. Since the past eight years, the internet usage has increased
tremendously.
In the same way, we can say that when the 8th CPC is announced even the
way it is announced might change completely. To that extent the use of
online applications are increasing rapidly.
Today, it is very common to find almost all the employees carrying
Android cell phone in their hands and having a Desktop or a Laptop in
their homes. Using these gadgets they performed a massive number of
searches on 7th CPC.
The searches performed by the users tried to find answers for questions
like: How the Basic Pay has changed? Is there still a system of Grade
Pay? What happened to HRA? What is the status of CEA?
However, after seeing the 7th CPC report, the employees were in a state
of disappointment as they did not get what they had expected. Most of
the employees felt that they did not get benefits and pay increase in
7th CPC as they got when the pay commission changed from 5th to 6th. The
faces of most of the employees were sad because the rise that they got
occurs only once in ten years.
All federations expressed their disapproval through reports. Through the
NJCA agency, they have decided to go on an indefinite strike in the
month of March.
In this scenario, the new years is beginning on 01/01/2016. The
employees who had planned to enjoy the New Year in a grand way along
with the announcement of 7th CPC in are pushed to a state of grief as
they heard the news that they have to compulsorily come to work on
01/01/2016 failing which their pay revision will happen from the date
they came for work lastly.
News such as these has put a big question mark on their New Year
celebrations. In many Central government offices, the holiday that was
already announced for the New Year day has been changed to some other
day.
Red Salute to Comrade A.B.Bardhan
Towering Leader of Left in India Comrade A.B.Bardhan No More
Comrade A.B.Bardhan one of the towering
leaders of Indian Left Movement has breathed his last on 2nd January,
2016. It is very sorrowful to see that the dawn of the New Year 2016
comes with the shocking news of the demise of Comrade Bardhan. We can
remember that Comrade Bardhan played a major role in unifying the left
forces in India as well as the trade union movement in India. The coming
together of all trade unions in one platform is a prerequisite to put
up a strong offensive against neo-liberlism that is attacking the
interests of all sections of working people all over the world. Comrade
Bardhan's demise is an irreparable loss to the Indian Working Class,
Indian People. AIPRPA CHQ pays its profound homage to the departed
leader Comrade Bardhan! We dip our banner and flag in respect of Comrade
Bardhan!
7TH CPC: CENTRAL GOVT EMPLOYEES EXPECTATIONS AND HAPPY NEW YEAR 2016
That the 7th Pay Commission which was eagerly expected by all the
Central Government Employees submitted its recommendations to the
Finance Minister on 19/11/2015 would have been known to almost all the
employees.
This is because all the popular websites, blogs, newspapers and TV
channels flashed news about the pay commission. It is a crucial
announcement which benefits 45 lakh employees and 50 lakh pensioners and
so the websites and blogs had a tough time to handle lakhs of visitors
who visited them at the same time.
The 7th CPC had kindled such a great curiosity among the employees. When
the 6th CPC announcement was made it did not receive such a wide
publicity. Since the past eight years, the internet usage has increased
tremendously.
In the same way, we can say that when the 8th CPC is announced even the
way it is announced might change completely. To that extent the use of
online applications are increasing rapidly.
Today, it is very common to find almost all the employees carrying
Android cell phone in their hands and having a Desktop or a Laptop in
their homes. Using these gadgets they performed a massive number of
searches on 7th CPC.
The searches performed by the users tried to find answers for questions
like: How the Basic Pay has changed? Is there still a system of Grade
Pay? What happened to HRA? What is the status of CEA?
However, after seeing the 7th CPC report, the employees were in a state
of disappointment as they did not get what they had expected. Most of
the employees felt that they did not get benefits and pay increase in
7th CPC as they got when the pay commission changed from 5th to 6th. The
faces of most of the employees were sad because the rise that they got
occurs only once in ten years.
All federations expressed their disapproval through reports. Through the
NJCA agency, they have decided to go on an indefinite strike in the
month of March.
In this scenario, the new years is beginning on 01/01/2016. The
employees who had planned to enjoy the New Year in a grand way along
with the announcement of 7th CPC in are pushed to a state of grief as
they heard the news that they have to compulsorily come to work on
01/01/2016 failing which their pay revision will happen from the date
they came for work lastly.
News such as these has put a big question mark on their New Year
celebrations. In many Central government offices, the holiday that was
already announced for the New Year day has been changed to some other
day.
They say this change has been done to avoid unnecessary problems that
may arise in the Revision of Pay. However, after the New Year day, we
get a Saturday and Sunday, so we can hope that the New Year celebrations
will happen in a glorious manner on these two days.
Central Staff May Have To Wait A Few Months For Implementation Of 7th CPC Recommendations
7th Pay Commission's recommendations have been submitted in Nov 2015,
but the central staff may have to wait a few months for it's
implementation- A Hindi daily reported yesterday.According to the
report, the central government is in the mood to apply after June, which
will be w.e.f from January 1st 2016.
How to bring 7th Pay Commission's recommendations into force ? The
Ministry of Finance involved policy-making team will submit its report
before the budget. The Hindi daily expects the implementation of 7th CPC
report after budget session and elections in 5 states.
Seven states already written to the Center to go slow on
implementation of pay hike recommended by 7th CPC. These 7 states
includes Uttar Pradesh, Punjab, West Bengal, Tamil Nadu, Orissa, Tripura
and Sikkim. They argue that their economic situation is not good
condition to pass the new pay scale for employees.
According to sources at the Finance Ministry, the PMO is asked to
complete the preparations. This long wait may create unnecessary
dissatisfaction among employees. The finance ministry has said that it
is willing to implement the recommendations.
News translated from Nav Bharath Times
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