Friday, January 20, 2017

Kerala enhance Dearness Allowance by 3%

Kerala Government Employees, Teachers and Pensioners will get an enhanced Dearness Allowance of 12% from this month.
The decision to enhance the DA by 3% was taken by the government on Wednesday, a release from the Finance minister's office said. The new DA will be given in the January salary and will have retrospective effect from July 2016, the release added.
For the employees the arrears will be merged with Provident Fund, while pensioners will get the arrears in cash. The enhanced DA will cause a monthly burden of Rs 86.07 crore and yearly burden of Rs 1032.84 crore to the state exchequer.

Tuesday, January 17, 2017

Govt. modified date of effect of enhanced CGHS contribution

Govt. changed the date of effect of enhancement of CGHS contribution as 1st February 2017 instead of 01.01.2017 as notified earlier.
Click here for the modification notification

Monday, January 16, 2017

CGHS contribution enhanced w.e.f 01.01.2017

Update : date of effect modified as 01.02.2017
Consequent to revision in the pay structure of Central Govt. employees, CGHS contribution is going to be enhanced from 01.01.2017 at the following rate :
Sr. No.
Level in the Pay Matrix
Contribution per month (Rs)
1
Level 1 to 5
250
2
Level 6
450
3
Level: 7 to 11
650
4
Level 12 and above
1000


Click here to view the O.M. for change in other entitlements.

ATM withdrawal limit enhanced to Rs 10,000/-

On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enhance the same, with immediate effect as under:
(i) The limit on withdrawals from ATMs has been enhanced from the current limit of  4,500/- to 10,000/- per day per card (It will be operative within the existing overall weekly limit).
(ii) The limit on withdrawal from current accounts has been enhanced from the current limit of  50,000/- per week to  1,00,000/- per week and it extends to overdraft and cash credit accounts also.

Saturday, January 14, 2017

Central Govt. clears air on salary revision of autonomous bodies, Statutory bodies etc.

Wage revision of Central autonomous bodies, quasi-Govt. organizations etc. has not been implemented so far despite of seventh CPC implementation for Central Govt. employees. The employees of these organizations are asking pay revision in line with the central counterparts.
Ministry has Finance has clarified that the pay revision of these organizations will not take effect automatically. The concerned body will have to effect the same with approval of the financial advisor of the concerned Dept./Ministry and in cases where the organizations are not dependent on Govt. about salary payment, they will bear the additional burden themselves. In other cases where they are partially or fully dependent on Central Govt., shortfall to meet the additional burden may be borne by Govt. , subject to certain conditions.
Ministry of Finance has also clarified the the allowances which are not yet hiked for the central employees, pending decision of Govt., may not be increased for these bodies as of now.

Thursday, January 12, 2017

Bank Wage Revision : AIBOC seeks industry level wage settlement for all scales

The five-yearly exercise of wage revision through bipartite discussions, due on November 1, 2017 has not been started despite clear directions of the Ministry of Finance and its three reminders. 
Though the Ministry had given directions to the bank managements and IBA to initiate the process one-year ago on January 12, 2016, no perceptible action is visible at the ground level.

All India Bank Officers’ Confederation (AIBOC) is ready with the Charter of Demands which will be submitted to IBA as soon as IBA invites it to do so.

Wage revision has been a process of negotiations between the unions representing the employees/officers and IBA representing the individual bank managements. In this regards, AIBOC demands:

Saturday, January 7, 2017

Allowances for central govt employees under 7th Pay Commission likely to come in March

The struggle of central government employees unions seeking better allowances under 7th Pay Commission may be bearing fruit soon.
Finance Ministry is expected to announce new set of allowances for central government employees by March.

Thursday, January 5, 2017

Central employees' proposed strike postponed for one month

Roll Back yet again. But well in advance this time !
Confederation of central employees postponed their "so called" strike to March 16 instead of February 15, 2017. This time the retreat is well in advance, unlike the earlier cancellation at the eleventh hour (The call for indefinite strike).
Though many of the workers actually in dilemma whether it will materialize at all. 
"As Assembly elections to five States are scheduled to be held from February 4th to March 11th (including declaration of results) and as February 15th is also poll date in two states , the National Secretariat of Confederation of Central Government Employees & Workers has decided to postpone the proposed ONE DAY STRIKE on February 15th to  MARCH 16th 2017 THURSDAY."

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