Friday, September 30, 2016

EXPECTED INCREASE OF 25 SLABS IN DA PAYABLE FOR BANK STAFF IN NEXT QUARTER –Nov’16 to Jan’17.

 All India Consumer Price Index Numbers (AICPIN)for Industrial Workers (Base 2100=100)for the month of August ’16,stood at 278 points with a fall  of 2 points,compared to July’16 figure,as per data published to day by Labour Bureau,Ministry of Labour and Employment.
               Thus the confirmed index numbers of past two months are as follows:

                                   Base 2001=100                      Base 1960=100

JULY’16.                         280                                                6391.25
AUGUST’16.                   278                                                6345.60

             If the same level of current month Index. is expected to be continued for next month too, DA payable to Bank Staff for next quarter (Nov-Jan’17)may have 25 slabs increase. If it is assumed further increase of one point same may go up to 27 slabs.                                                                                                                   
              It may be noted that the above projection is based only on present inflationary trend and past years index movement.Actual increase can be arrived only on  release of index number for Sept ’16 at the end of next month.
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Provided by Mohan.P
30th Sept 2016.

Consumer Price Index for Industrial Workers (CPI-IW) – August, 2016

The All-India CPI-IW for August, 2016 decreased by 2 points and pegged at 278(two hundred and seventy eight).

Wednesday, September 28, 2016

Cabinet approved bonus for Railway employees

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has given its approval to pay Productivity Linked Bonus (PLB) equivalent to 78 days wages to eligible non-gazetted railway employees (excluding RPF/RPSF personnel) for the financial year 2015-16. The approval entails a financial implication of approximately Rs.2090.96 crore. 

Payment of PLB would result in motivating a large number of railway employees to improve the performance of the Railways and enhance the productivity levels further besides maintaining industrial peace. 

The payment of this Bonus to eligible Railway Employees will be made before Dussehra/Puja holidays.

Tuesday, September 27, 2016

Railway employees to get 78 days' bonus before festive season

Cadre Restructuring of Technicians soon.

The Addl. Member Staff Railway Board, Shri Anand Mathur, has intimated today, i.e. 26.09.2016, AIRF leadership that, Railway Board’s orders for Restructuring of Technicians, to which an agreement was arrived at in Full Board Meeting held on 22.07.2016, will be issued in this week, and payment of 78-day PLB @ Rs.7000 p.m.will be made to all the Group `C’ and `D’ railwaymen well before Pooja Festival.

Sunday, September 25, 2016

Govt is actively considering central D.A. increase from 01.07.2016

Sources close to Finance Ministry told that the initial installment of DA to central government employees on the revised pay structure w.e.f 1.7.2016 is under consideration.
There is a confusion about percentage of D.A. payable from 1st July 2016 to Central Govt. employee and pensioners. There may be a hike of 2 to 3 percentage point, which is to be announced very soon, probably in this week.
Meanwhile Govt asked the Pay Research Unit to calculate exact financial implication for every percentage of D.A. increase, which is a routine matter.

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