Thursday, September 01, 2016
Tuesday, August 30, 2016
Grant of Productivity Linked Bonus and Ad-hoc bonus for Central Government employees for the year 2014-15 – Enhancement of the calculation ceiling
Grant of Productivity Linked Bonus (PLB)
and non-productivity Linked Bonus (Ad-hoc bonus) in case of Central
Government employees for the accounting year 2014-15 – enhancement of
the calculation ceiling- Regarding.
No.7/4/2014-E-IIIA
Government of India
Ministry of Finance
(Department of Expenditure)
North Block, New Delhi
Dated the 29th August, 2016
Office Memorandum
Subject: Grant of Productivity Linked Bonus (PLB) and non-productivity
Linked Bonus (Ad-hoc bonus) in case of Central Government employees for
the accounting year 2014-15 – enhancement of the calculation ceiling-
Regarding.
The undersigned is directed to invite attention to this Ministry’s 0M
No.7/24/2007/E-lll.A dated regarding grant of non-productivity Linked
Bonus (Ad-hoc Bonus) to the Central Government employees for the
accounting year 2014-2015, whereby the calculation ceiling for the
purpose of payment of ad-hoc bonus was monthly emoluments of Rs.3500.
The Productivity Linked Bonus (PLB) in case of Central Government
employees working under certain Ministries/Departments, where such PLB
was in operation in 2014-15, was also paid by the respective
Ministries/Departments for the accounting year 2014-15 based on the
concurrence of this Ministry with the calculation ceiling at monthly
emoluments of Rs. 3500.
2. The question of enhancement of the calculation ceiling for the
purpose of payment of PLB and non-PLB (ad-hoc bonus), as the case may
be, to the Central Government employees has been considered and the
President is pleased to decide that the calculation ceiling of monthly
emoluments for the purpose of payment of PLB and ad-hoc bonus, as the
case may be, shall be revised to Rs.7000 w.e.f. 01.04.2014, i.e., for
the accounting year 2014-15.
3. Accordingly, the PLB or ad-hoc bonus, as the case may be, as already
paid to the eligible Central Government employees for the accounting
year 2014-15 in terms of the above 0M dated 16.10.2015 pertaining to
ad-hoc bonus and the respective sanctions issued by the concerned
Ministries/Departments in respect of PLB under the respective schemes in
operation during 2014-15 based on the specific concurrence of this
Ministry, shall be re-worked out based on the calculation ceiling of
monthly emoluments of Rs.7000 instead of Rs.3500.
4. While re-working out payment of PLB or ad-hoc orders, as the case
may be, under these orders for the accounting year 2014-15, all the
other terms and conditions under which the payment was made shall remain
unchanged.
5. In respect of their application to the employees working in the
Indian Audit and Accounts Departments, these orders are issued in
consultation with the office of the Comptroller and Auditor General of
India.
6. Hindi version of this order will follow.
sd/-
(Amar Nath Singh)
Director
Authority: http://finmin.nic.in/
Saturday, August 27, 2016
Contribution Pension System (National Pension System)
No.7/5/2012-P&PW(F)/B
Ministry of Personnel, Public Grievances and Pensions
Department of Pension and Pensioners Welfare
Source : http://ccis.nic.in/WriteReadData/CircularPortal/D3/D03ppw/ppwf_26082016.pdf
Extension of benefits of "Retirement Gratuity and Death Gratuity" to the Central Government Employees covered by new Defined Contribution Pension System (National Pension System)
Death and Retirement Gratuity (DCRG) Eligible for NPS Covered Employees
No.7/5/2012-P&PW(F)/B
Ministry of Personnel, Public Grievances and Pensions
Department of Pension and Pensioners Welfare
Lok Nayak Bhavan, Khan Market,
New De1hi-110 003, Dated the 26 August, 2016.
New De1hi-110 003, Dated the 26 August, 2016.
OFFICE MEMORANDUM
Subject : Extension
of benefits of ‘Retirement Gratuity and Death Gratuity’ to the Central
Government employees covered by new Defined Contribution Pension System
(National Pension System) — regarding.
The
undersigned is directed to say that the pension of the Government
servants appointed on or after 1.1.2004 is regulated by the new Defined
Contribution Pension System (known as National Pension System), notified
by the Ministry of Finance (Department of Economic Affairs) vide their
OM No.5/7/2003-ECB & PR dated 22.12.2003. Orders were issued for
payment of gratuity on provisional basis in respect of employees covered
under National Pension System on their retirement from Government
service on invalidation or death in service, vide this Department’s OM
No.38/41/2006-P&PW(A) dated 5.5.2009.
2.
The issue of grant of gratuity in respect government employees covered
by the National Pension System has been under consideration of the
Government. It
has been decided that the government employees covered by National
Pension System shall eligible for benefit of ‘Retirement gratuity and
Death gratuity’ on the same terms and conditions, as are applicable to
employees covered by Central Civil Service (Pension) Rule,1972.
3.
These orders issue with the concurrence of Ministry of Finance,
Department of Expenditure, vide their I.D. Note No.1(4)/EV/2006-II dated
29.07.2016.
4.
In their application to the persons belonging to the Indian Audit and
Accounts Department, these orders issue after consultation with
Comptroller and Auditor General of India.
5.
These orders will be applicable to those Central Civil Government
employees who joined Government service on or after 1.1.2004 and are
covered by National Pension System and will take effect from the same
date i.e. 1.1_2004.
sd/-
(Harjit Singh)
Director (Pension Policy)
(Harjit Singh)
Director (Pension Policy)
Source : http://ccis.nic.in/WriteReadData/CircularPortal/D3/D03ppw/ppwf_26082016.pdf
S
Wednesday, August 24, 2016
7th Pay Commission pay hike creates millions of unhappy employees
New Delhi: Millions of central government employees are currently unhappy with their 7th Pay Commission pay hike.
It seems that nobody is satisfied with their 7th Pay Commission pay
hike. At every level there appears to be an upward pressure on salaries
and allowances, everyone deserve more pay than 7th Pay Commission pay
hike. The 7th Pay Commission pay hike has got recent media attention,
while, at the other end, there has been debate about the hiking of pay
on the recommendations 7th Pay Commission is proper or not.
According to the commission’s recommendations, the minimum pay has
been fixed at Rs.18,000 and the maximum at Rs.2.5 lakh for the cabinet
secretary, the country’s senior-most civil servant. The commission had
recommended a 14.28% increase in basic pay and the cabinet went with
ditto to it.
There has been widespread demand from central government employee
unions to hike the minimum pay to Rs.26,000; but the government has not
accepted the demand till date.
After the central government employees union had threatened to carry
out an indefinite strike, the government had promised hiking minimum pay
but they are not now in mood for hiking the minimum pay.
Inequalities in pay can be damaging. Excessive remuneration of top
bureaucrats has been made to unnecessarily drive up average pay in
middle-lower ranks, and dramatic differences between levels throughout
government business can undermine motivation. In a wider social sense,
perceived inequalities between groups leads to huge discontent and
instability.
Aaccording to the notification
of cabinet approved 18 pay matrices, the rate of increase of cabinet
Secretary’s basic pay is 178 per cent as he got Rs 90,000 (fixed) in the
immediate past under 6th pay commission recommendations, while
middle-lower ranks employees will now only get 157% increase of their
basic pay merging dearness allowances.
The pay ratio between the Indian top most bureaucrat and the lowest
grade employees in the 7th Pay Commission recommendations is 1:13.9,
which was 1:12 in the 6th Pay Commission recommendations.
All pay commissions except 7th Pay Commission made up pay gap between
lower paid employees and top bureaucrats from second Pay Commission
1:41 ratio to Sixth pay commission 1:12.
The first pay commission was recommended pay of the top bureaucrats
41 times higher than the government employees at the bottom. The top
bureaucrats were given salary Rs 2,263 while the lowest earning
employees got Rs 55.
Subsequent pay commissions reduced the ratio of pay between lowest
earning employees and top bureaucrats from 1:41 in 1947 to about 1:12 in
2006, while 7th Pay Commission made it higher about to 1:14.
The cabinet has approved the hike of the basic pay but decided to
defer the recommended 63% allowances hike in the government employees
pay package and refer the matter to a committee headed by Finance
Secretary Ashok Lavasa.
Allowances contribute a lot in the pay hike recommendation. If the
allowance is not taken into consideration it will mean fewer amounts
because the allowance which the commission proposed is very substantial.
The hike in allowances, which will give them more money in the
pocket, the compensatory perks for all central government employees,
which is likely to be paid from October 1 and no arrears for allowances
(except Dearness Allowance) is paid, as per usual practice, the
allowances is paid from the date of implementation. This also a cause of
unhappiness in central government employees.
However, Finance Minister Arun Jaitley said in the Parliament in this
month, “The Pay Commission has put a burden of Rs 1.03 lakh crore.”
source: The Sen times
Friday, August 19, 2016
PLI Child Policy-CP ( Bal Jiwan Bima)
PLI Child Policy-CP ( Bal Jiwan Bima)
Main Futures-
- · To provide insurance cover to the two children of each existing PLI /RPLI policyholder provided that only one such policy will be allowed for an insured against one policy.
Eligibility :
1.
This is an independent policy, however this policy can not be
issued of its own to any child. If the father/mother (insured) of the child has
already taken policy or is proposing to take policy on their life either as
whole life or endowment Assurance for a sum assured not less than the sum
assured of children policy then children policy shall be issued to such
insured.
2.
Not more than one policy will be allowed for one child. The
policy can be taken by insured for his/her own child only.
3.
Not more two children in a family shall be covered under this
policy. The same child should not be covered under more than one policy.
4.
Any PLI or RPLI policy holder can apply for Child Policy for his
two children's. Premium table is same for PLI or RPLI policy holder’s children
policy.
Minimum & Maximum Age at Entry:-
- · Mini. age at entry of children is 5 years and the maxi. age at entry is 20 years on next birthday The Main insured shall not be aged 45 years and above at the time of taking/issue of children policy.
- · Sum Assured:-
- · The minimum Sum Assured is Rs 20,000 and the maximum Sum Assured is Rs 3 Lakh. Additional sum assured in multiple of Rs 10,000/-
Medical Examination :
- · No needs of medical examination of children.
Loan :
- · No loan is admissible to children policy.
Surrender:-
- · Surrendered and made paid up on usual conditions as applicable to main policy provided at least 5 years premiums have been paid. The amount is admissible as per surrender Table/Factor which would be a fraction of premium paid.
Term :
·
The outstanding term of the main policy shall not be less than
the premium paying period of children policy.
·
Premium ceasing age at 18, 19, 20, 21, 22, 23,24 &25 yrs.
Claim
:
1.
Sum assured shall be payable on children policy on its Maturity
or earlier on death of the child
2.
In the event of the death of the insured before the expiry of
the children policy, no further premium shall be payable for the balance period
of the child policy.
CHILDREN
POLICY (Premium Table)
Children
Add on with profit(Policy of Sum Assured of INR 1000/-)
- For Sum Assured INR 20,000/- a rebate of INR 1/- Per month is admissible on premium.
- For the purpose of ‘age at entry’ the age on next birth day will be taken for fixing premium.
- For taking policy minimum age at entry will be 5 years & maximum 20 years
- Rebate of 2% of the Premium is allowed on annual premium & 1% on half year premium
Source : www.postallifeinsurance.gov.in
India Post Payments Bank Incorporated
Press Information Bureau
Government of India
Ministry of Communications & Information Technology
India Post Payments Bank Incorporated
Government of India
Ministry of Communications & Information Technology
18-August-2016 16:18 IST
India Post Payments Bank Incorporated
The India Post Payments Bank Limited has received the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs yesterday under the Companies Act 2013. This would be the first PSU under the Department of Posts. This has happened in the wake of Prime Minister Shri Narendra Modi’s Independence Day address, raising the expectations of the people from the soon to be set up India Post Payments Bank. With this move the Department of Posts has cleared an important milestone on this journey.
With the incorporation, the Board of the India Post Payments Bank Limited is likely to be constituted soon. The incorporation of the IPPB Ltd is a significant step forward as this also paves the way for the bank to begin hiring of banking professionals to set up the bank and begin its operations in 2017. The Department of Posts is expected to complete the roll out of its branches all over the country by September 2017. This could be the fastest roll out for a bank anywhere in the world.
The aspiration for the India Post Payments Bank is to become the most accessible bank in the world riding on state of the art banking and payments technology. Coupled with the physical presence across 1.55 lakh post offices and the reach of “The Dakiya”, the India Post Payments Bank aims to become a powerful and effective vehicle of real financial inclusion in the country. It is poised to create a national payments architecture riding on a modern payments platform and ubiquitous information and communication technologies that can be accessed by all users and service providers like never before. The stakeholders of the India Post Payments Bank within the Government and outside are looking at this new entity as a catalyst to social and financial inclusion.
Thursday, August 18, 2016
Not Revising HRA as per 7th CPC Recommendation is a big disappointment…!
Not Revising HRA as per 7th CPC Recommendation is a big disappointment…!
7th Pay Commission submitted its Recommendation in November 2016. House
Rent Allowance is one of the very important recommendation expected by
CG Employees among the most expected recommendations.
A Govt servant is spending one third of his salary for paying House
Rent. Considering these expenses of CG Employees those who are living in
big cities, Sixth CPC has recommended 10, 20 and 30% of the Basic pay
as HRA. Accordingly, HRA has been paid for the past Eight Years and the
Federation Demanded to increase this rates in 7th Pay Commission.
But the Commission in its recommendation reduced these rates to 8,16 and
24%. Though it has been justified with various reasons by 7th CPC, it
disappointed the CG employees. Since CG Employees felt that only these
reduced rates will be paid for next ten years, their demand to restore
the old rates started gaining big support. As a result of this, all the
Staff associations and Federations pressurized the Government to
increase the rate of HRA and it was included in charter of 7th CPC
demands.
Already the Government had wasted six months in the name of Empowered
Committee to examine the 7th CPC Recommendations. Until now the report
of this committee is not published.
The Cabinet gave its approval for the implementation of 7th CPC
recommendations on 29th June 2016. It has been stated in that report
that, a committee headed by Secretary, Finance will be Constituted to
examine the Allowances and committee is given four-month time to submit
its report. Till then the HRA will be paid as per Sixth CPC rates.
Meanwhile, Group of Ministers invited NJCA for a meeting to with draw
the Indefinite Strike proposed to commence from 11th July, In that
meeting, Increasing the percentage of HRA also discussed. The Government
agreed to form a committee to examine the Allowances. It has been
described as Government indirectly agreed to increase the HRA.
Setting up of 7th CPC Anomaly Committee – Dopt orders on 16.8.2016
Setting up of 7th CPC Anomaly Committee – Dopt orders on 16.8.2016
Setting up of Anomaly Committee to settle the Anomalies arising out of
the implementation of the Seventh Pay Commission’s recommendations.
No.11/2/2016-JCA
Government of India
Ministry of Personnel, Public Grievances and pensions
Department of Personnel & Training
JCA Section
North Block, New Delhi
Dated the 16th August, 2016
OFFICE MEMORANDUM
Subject: Setting up of Anomaly Committee to settle the Anomalies
arising out of the implementation of the Seventh Pay Commission’s
recommendations.
The undersigned is directed to say that it has been decided that Anomaly
Committees should be set up, consisting of representatives of the
Officials Side and the Staff Side to settle the anomalies arising out of
the implementation of the 7th Pay Commission’s recommendations, subject
to the following conditions, namely:
(1) Definition of Anomaly
Anomaly will include the following cases:
(a) where the Official Side and the Staff Side are of the opinion that
any recommendation is in contravention of the principle or the policy
enunciated by the Seventh Central Pay Commission itself without the
Commission assigning any reason; and
(b) where the maximum of the Level in the Pay Matrix corresponding to
the applicable Grade Pay in the Pay Band under the pre-revised
structure, as notified vide CCS (RP) Rules 2016, is less than the amount
an employee is entitled to be fixed at, as per the formula for fixation
of pay contained in the said Rules”.
(2) Composition:
There will be two levels of Anomaly Committees, National and
Departmental, consisting of representatives of the Official Side and the
Staff Side of the National Council and the Departmental Council
respectively.
(3) The Departmental Anomaly Committee may be chaired by the Additional
Secretary (Admn.) or the Joint Secretary (Admn.), if there is no post of
Additional Secretary (Admn.). Financial Adviser of the Ministry /
Department shall be one of the Member of the Departmental Anomaly
Committee.
(4) The National Anomaly Committee will deal with anomalies common to
two or more Departments and in respect of common categories of
employees. The Departmental Anomaly Committee will deal with anomalies
pertaining exclusively to the Department concerned and having no
repercussions on the employees of another Ministry / Department in the
opinion of the Financial Adviser.
(5) The Anomaly Committee shall receive anomalies through Secretary,
Staff Side of respective Council upto six months from the date of its
constitution and it will finally dispose of all the anomalies within a
period of one year from the date of its constitution. Any
recommendations of the Anomaly Committee to resolve the anomaly shall be
subject to the approval of the Government.
(6) Cases where there is a dispute about the definition of “anomaly” and
those where there is a disagreement between the Staff Side and the
Official Side on the anomaly will be referred to and “Arbitrator” to be
appointed out of a panel of names proposed by the two sides. However,
this arbitration will not be a part of the JCM Scheme.
(7) The Arbitrator so appointed shall consider the disputed cases
arising in the Anomaly Committees at the National as well as Department
level.
(8) Orders regarding appointment of the Arbitrator and constitution of
Anomaly Committee at National Level will be issued separately. All
Ministries / Departments are accordingly requested to take urgent action
to set up the Anomaly Committees for settlement of anomalies arising
out of implementation of the 7th Pay Commission’s recommendations, as
stipulated above.
(G. Srinivasan)
Deputy Secretary (JCA)
Authority: www.persmin.gov.in
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