Wednesday, April 30, 2014

Bank D.A. for May/June/July 2014 : Decrease of 16 slabs

BANK WORKMEN/OFFICERS DA FOR MAY – JULY  QTR  MAY DECLINE BY16 SLABS)
  AICPIN(IW)Base year 2001=100 for the month of March’14,has been released by Ministry of Labour and Employment today which stood at239 points with an increase of 1 point while compared to figure of February. 

Consumer Price Index Numbers for Industrial Workers (CPI-IW)- March 2014

According to a press release issued by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for March, 2014 increased by 1 points and pegged at 239 (two hundred and thirty nine).
View the Press Release

Monday, April 28, 2014

Clarification on increase in certain allowances by further 25% as a result of enhancement of Dearness Allowances w.e.f. 1.1.2014

"a) The annual ceiling Unlit for reimbursement of Children Education Allowance shall be Rs. 18,000/- per child. Accordingly, the quarterly claim could be more than Rs.4500/- in one quarter. The Hostel Subsidy shall be Rs.4500/- per month per child;
b) The rates of Special Allowance for Child Care to women with disabilities stands revised to Rs. 1500/- per month; and
c) The annual ceiling for reimbursement of Children Education Allowance for disabled children of Government employees shall be treated as revised to Rs.36,000/- per annum per child and the rates of Hostel Subsidy for disabled children of Government employees shall be treated as revised to Rs.9000/- per child per month.
3.These revisions are applicable with effect from 1stJanuary, 2014"

Saturday, April 26, 2014

Election duty proved lethal in Bengal due to immense heat

"A West Bengal government official on poll duty died here today due to heat wave, taking the toll to three in the state with the mercury soaring to 41.2 degree Celsius, even as the Met department predicted thunder squalls in the next two days.
Election Commission's Micro Observer for Domkol in the Murshidabad Lok Sabha seat, Shailendra Kumar Sinha, died today after falling ill due to heat yesterday, EC sources said."

Source : NDTV
"GUWAHATI: Hot and humid weather conditions have taken a toll on the energy levels of poll officials in the city who are heading for their respective duty stations with Electronic Voting Machines (EVMs).
"I think the weather is taking away a lot of energy," Subhrajeet Das, a poll official, said as he waited at Sarosojai stadium to collect EVMs on Wednesday.
This year, the city is experiencing the highest temperature in the last decade and according to the met department there is a slim chance of rain in the next few days."

Source : Times of India

It is the question of many officials designated as polling personnel for the ongoing election that whether the poll can be scheduled in a favourable weather condition ? Almost all part of the country has good condition in September/October or March/April. Why not use this time for election ? It may benefit all - candidates, commission, polling personnel and voters. Unless it is seriously thought upon,  more and more polling personnel will be helpless victims as it is mandatory for them to carry on poll duty.
Click here for Handbook for Presiding Officer (Updated)

Friday, April 25, 2014

Customs and Central Excise Supdt.s to be Asst. Commissioner soon

As per reliable sources, As many as 143 Superintendents (Group-B) under Customs & Excise have been promoted to the rank of Assistant Commissioner, Custom & Excise. Reportedly, the file has been put up yesterday for placements.

Monday, April 21, 2014

BJP wants I.T exemption limit hike to 5 Lac

BJP leader Arun Jaitley today demanded a raise in the Income Tax ceiling from Rs two lakh to Rs five lakh, which he claimed will benefit thirty million people.

Advocating low tax structure, the BJP leader said,”Direct Tax should be reduced. If the Income Tax limit is raised from Rs 2 lakhs to Rs 5  lakhs, 3 crore people will save Rs 24 crore which will lead to a small impact of 1 to 1.5 per cent of National Tax Fund.”

Source : PTI

Sunday, April 20, 2014

Likely pay scale of seventh CPC

 If next pay commission prefer to continue the same running pay band and grade pay system for seventh pay commission also, the pay structure may be like the following projected figures given below, using common multiplying factor ‘3’. The Following is only the projected figure using common multiplying factor ‘3’
7th Pay Commission Projected Pay Scale
SIXTH CPC PAY STRUCTURE
PROJECTED  PAY STRUCTURE  AFTER  7th PAY COMMISSION
Name of Pay Band/ Scale
Corresponding Pay Bands
Corresponding Grade Pay
Entry Grade +band pay
Projected entry level pay using uniform multiplying factor` 3’
Band Pay
Grade Pay
Entry Pay
PB-1
5200-20200
1800
7000
15600-60600
5400
21000
PB-1
5200-20200
1900
7730
15600-60600
5700
23190
PB-1
5200-20200
2000
8460
15600-60600
6000
25380
PB-1
5200-20200
2400
9910
15600-60600
7200
29730
PB-1
5200-20200
2800
11360
15600-60600
8400
34080
PB-2
9300-34800
4200
13500
29900-104400
12600
40500
PB-2
9300-34800
4600
17140
29900-104400
13800
51420
PB-2
9300-34800
4800
18150
29900-104400
14400
54450
PB-3
15600-39100
5400
21000
29900-104400
16200
63000
PB-3
15600-39100
6600
25530
46800-117300
19800
76590
PB-3
15600-39100
7600
29500
46800-117300
22800
88500
PB-4
37400-67000
8700
46100
112200-20100
26100
138300
PB-4
37400-67000
8900
49100
112200-20100
26700
147300
PB-4
37400-67000
10000
53000
112200-20100
30000
159000
HAG
67000- (ann increment @ 3%) -79000
Nil



201000
HAG+ Scale
75500- (ann increment @ 3%) -80000
Nil



226500
Apex Scale
80000 (Fixed)
Nil



240000
Cab. Sec.
90000 (Fixed)
Nil



270000
 This projection is available in http://www.irtsa.net/

Monday, April 14, 2014

Karnataka enhanced 6% D.A.

Karnataka Govt. enhanced Dearness Allowance from existing 15% to 21% with effect from 1st January 2014 to state employees and pensioners. The increase in Dearness Allowance admissible under this order is payable in cash.
View the Govt. Order

Sunday, April 13, 2014

Central D.A. from 1st July 2014 will not be very attractive

Though it is too early to calculate D.A. w.e.f. 01.07.2014 as three months' (Apr to Jun'14) figures are yet to be published, but based on the current trend of AICPIN index it can certainly be predicted that D.A. may not bring same cheer to central employees and pensioners in the near future.
If we assume a two points increase in every month for the next three, another 7% D.A. will be there. Of course, it is a very optimistic guess.
If we assume a moderate one point increase in every month for the next three, 6% increase is possible.
And for the pessimistic guess of no increase in the AICPIN data for the coming three months, only 5% increase will be there.
Let's not go into the calculation of any decrease in the coming months !
So it is predicted a 5 to 7% increase in D.A. with effect from 01.07.2014.

Friday, April 11, 2014

Bank D.A. likely to decrease from May 2014

PROJECTED D.A. FROM MAY, 2014
The AICPI-IW (1960=100) for January, 2014 was 237 and for February, 2014, the index stood at 238.
As per the present trend in retail inflation, the index may remain unchanged at 238 for March, 2014 too. If it happens, the D.A. will fall to 97.05%, from the existing level of 99.90%.

Even if the index records a modest rise of 1 point and touches 239 for March, 2014, yet there will be a downfall and the revised D.A. will be only 97.35%. 
The exact amount of D.A. for May'14  to July'14 will be known only 30.04.2014, when labour bureau will publish the AICPI-IW data for March 2014. 

Bank holiday on 14th April 2014

Declaration of Holiday for all banks in India on 14th April 2014
Indian Banks’ Association
HR & INDUSTRIAL RELATIONS
No.CIR/HR&IR/H6/2014-15/9223
April 9, 2014
All Members of the Association
(Designated Officers)
Dear Sirs,
Holiday on Monday, 14th April 2014 throughout India on account of Birthday of Dr. B R Ambedkar under Negotiable Instruments Act, 1881.
The Ministry of Personnel Public Grievances & Pensions (Department of Personnel & Training), Government of India vide O.M. F.No.12/4/2014-JCA-2 (copy enclosed) has declared Monday, 14th April 2014 as a holiday under the Negotiable Instruments Act, 1881 on account of the birthday of Dr. B R Ambedkar.
Banks may kindly take note of the same.
Yours faithfully,
sd/-
Chauhan
Senior Advisor-HR&IR

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