Wednesday, February 29, 2012

7 per cent hike in DA for MP employees

Madhya Pradesh Finance Minister Raghavji yesterday announced seven per cent increase in dearness allowance of the government employees and pensioners from April 2012. With this, the dearness allowance of state employees have been brought at par with their Central counterparts, he said while presenting the state's annual budget for 2012-13 in the Vidhan Sabha. Hike in DA would entail additional burden of Rs 1057 crore to the state exchequer, he said, adding Panchayat Secretaries and Adhyapaks would also be benefitted by this. Employees of boards and corporations on deputation to the government getting only Fourth and Fifth Pay Panel scales would now be paid 560 per cent of basic pay and 77 per cent dearness allowance. He also announced increase in honorarium to employees on contract in Women and Child Welfare department as also in Health department, besides hike in medal allowance to awardees of President's Police Medal and Police Medal. Employees in district and janapad panchayats would be covered under contributory pension scheme. Honorarium and meal allowance of Home Guard jawans has been raised to Rs 190 from Rs 150 per day, he added.

Tuesday, February 28, 2012

Mixed response in All India Strike

The 24-hour country-wide strike called by major trade unions today to protest "anti-labour" policies of the government and rising prices evoked a mixed response with the banking and transport sector hit in some parts.

Monday, February 27, 2012

One time increment order [between Feb and June'06] may be issued soon

The order for Granting one increment to the Central Government Employees may be issued in the first week of March 2012.

Kerala threatens pay cut for strike

Congress led UDF government in Kerala on Monday said the no-work no-pay rule would be imposed on government employees participating in the nation-wide strike called by trade unions to protest the 'anti-labour' policies of the Centre.

Friday, February 24, 2012

Procedure for WB teachers' Mutual Transfer. View the Notification

Procedure for submission of application for Mutual transfer in respect of  teacher,-
(1) An incumbent teacher desirous of mutual transfer under the provisions of these  rules shall apply to the Central Commission in the Form along with a requisite fees of Rs1000/- to be paid by Bank Draft drawn in favour of the West Bengal Central School Service Commission.

Thursday, February 23, 2012

West Bengal Teachers' Mutual Transfer : Notification issued.

The much awaited notification for mutual transfer of West Bengal school teachers is finally notified today. As informed earlier, the process will be managed by School Service Commission. Further details of the notification is still awaited. It will be published as soon as available.

Cadre Review to be reality soon in CBEC: Revenue Secretary

New Delhi,Feb 22,2012Speaking at the Investiture Ceremony for the CBEC today, that recognized the meritious services of CBEC’s officers,Revenue secretary, Mr R S Gujral, stated that the work overload that the CBEC has been facing for the past few years, due to the number of roles it dons, shall soon be sorted out as the Cadre Review would soon become a reality in a month’s time if all goes well.

Wednesday, February 22, 2012

West Bengal issued order of Child Care Leave for it's female employees

West Bengal Govt. issued order in line of the conditions with the Central Govt. for Child Care Leave. A maximum of 730 days for taking care upto two children in entire service life is permissible. The leave will not be granted less than 15 days in a spell and not more than 3 spells in a calender year. It may be combined with any other leave and leave salary will be admissible equal to pay drawn immediately before proceeding on leave.
View the Order 

Employees, employers differ on Rs 1,000 pension in EPF scheme

Amid differences among trade unions and employers over sharing of additional annual contribution of Rs 600 crore required for minimum pension of Rs 1,000 per month for EPFO subscribers, the retirement fund body today deferred the decision on the contentious issue. 

Computer skills made must for Karnataka staff

The Karnataka government has announced measures to ensure that all its employees and officers have a working knowledge of computers.

No I.T. return if salary income upto 5 lac : extended for F.Y. 2011-12

Salaried employees earning up to Rs 5 lakh a year will not be required to file income tax returns from this year, says a Finance Ministry notification.
There are about 85 lakh salaried persons in the country whose yearly income, including earnings from other sources like bank deposits, does not exceed Rs 5 lakh.

DOPT issued fresh clarification on Children Education Allowance on 21.02.12

Some frequently asked questions in this regard has been clarified by DOPT.
View the Clarification dated 21.02.2012
In a further O. M.  it is clarified that Development Fee in lieu of tuition fee is admissible and the criteria of  minimum age of 5 years for the children is removed.
View the clarification in this regard

W.B. will not grant leave on 28th February’s Strike

There is an Industrial Strike on 28th February, 2012, called by trade unions. CITU told that this strike would be converted to a national general strike.
Now, a Govt. Order released by the Chief Secretary, Sri Samar Ghosh, stating that, no leave will be granted for absence on that day i.e. 28th February.

Tuesday, February 21, 2012

Corporate employees likely to have 20% pay hike in 2012

 Employees in India seem to have a reason to cheer despite the prevailing economic uncertainties, as they could get pay hikes of as much as 20 per cent this year, as per two different salary surveys released today.

Sunday, February 19, 2012

WB considering raising college teacher retirement age

West Bengal Chief Minister Mamata Banerjee on Saturday assured to consider raising the retirement age for college lecturers from 60 to 65. 

Speaking to media on the sidelines of a cultural event organised in Shri Shikshayatan College in south Kolkata, the Chief Minister said, “Financial condition has been worsened steadily in past few years but we are still looking into the matter.”

Wednesday, February 15, 2012

Himachal employees to get double HRA from next month, Cabinet approved

The Himachal cabinet on Wednesday released revised(double) house rent allowance(HRA) for employees of the state government from next month .
A spokesman of the state government said this will put an additional financial burden of Rs 100 crore on the state exchequer .

CBEC Cadre Review : DOPT asked for justification of post increase.

Feb15, 2012: THOUSANDS of officers in the Customs and Central Excise (and add Service Tax) Department are waiting for the cadre review with great HOPE.
Almost every officer one talks to asks about the cadre review. A couple of years ago an officer was worried as to where he would be posted when he gets his promotion in a couple of weeks.
He is going to retire in a couple of months with the promotion nowhere in sight. 
It is learnt that yesterday, the Chairman CBEC along with his officers met the Minister of Personnel and officers of the DOPT to discuss the cadre review.The DOPT has asked the CBEC to justify the large-scale increase in the number of posts. Service Tax, which brings in nearly a Lakh Crore of Revenue, is the CBEC’s strong point for more posts. 
Now, the CBEC has to send its report to DOPT which has to review it and accept or ask for more clarifications, then send it to COS and to cabinet and then the notifications are to be issued and DPCs to be conducted and then promotions to be given – all these are not going to happen in a week.

West Bengal to hire retirees

PSC delays selection, Bengal to hire retirees
Re-hired staff will be paid a fraction of the normal salary and will not be given pension and gratuity

Monday, February 13, 2012

IBA released much awaited Dearness Allowance for Bankers for Feb to Apr'12

IBA released circular for Dearness Allowance for Bankers from the month of Feb,Mar and April 2012. As informed earlier, the hike is of 19 slabs (2.85%).
View scalewise increase
Though the circular is dated, 1st February, 2012, it is available on IBA site only on today.
View the IBA Circular

West Bengal implemented New Pension Scheme for All India Service Officers.

West Bengal has implemented New Pension Scheme for state cadre AIS officers.
View the detailed guideline

Sunday, February 12, 2012

Cadre Review proposal of Income Tax Dept. as cleared by DOPT

The Department of Personnel & Training has at last cleared the Cadre Restructuring proposal Income Tax Department. There has been a reduction of 398 posts in the Group-A cadres up to the level of DCIT.
The proposal in   respect of Gr.B and Gr.C has been cleared by the Department of Personnel & Training without any changes.

Click Here to View Details

Thursday, February 9, 2012

Cadre Review in CBEC : Latest Update

The Cadre Review proposal in respect of the promotional prospects of the  Group B officers has been resubmitted by CBEC in warfooting by 8th Feb and now the DoPT may take a couple of days to examine it at appropriate level. If every thing goes fine next week the CR may come out of DoPT with an expected betterment to the Group B level.

IBA released Dearness Relief for Bank pensioners

IBA has released Dearness Relief for Pensioners for the period from Feb 2012 to July 2012 for diiferent kind of pensioners depending upon date of retirement.
"The confirmed All India Average Consumer Price Index Numbers for Industrial Workers  (Base 1960=100) for the quarter ended December  2011 are as follows:- 
  October  2011  - 4519.52 
  November 2011 - 4542.35  
  December 2011 - 4496.70 
In terms of Regulation 37 of Bank Employees’ Pension Regulations, 1995 dearness relief is payable to pensioners at rates specified in Appendix II to the Regulations.Pending amendments to Pension Regulations, Banks may pay on ad hoc basis, the dearness relief payable to pensioners for the period February 2012 to July 2012 as per Annexure...."
Click here to view the details

Wednesday, February 8, 2012

Income Tax bonanza for taxpayers in 2012-13 ?

Preparation for budget is in progress. The Govt. is planning to enhance the tax slabs for the individual taxpayers.
According to a PTI report, the basic exemptiom limit is likely to be enhanced from 1.8 lac to 2 lac.
Income between 2 to 5 lac will be taxed @ 10%, 5 to 10 lac @ 20% and more than 10 lac @ 30 % for the Financial Year 2012 - 13.
The present rate for F.Y. 2011-12 is 1.8 lac to 5 lac @10%, 5 to 8 lac @20% and above 8 lac @30%.

Pay commission can't be demanded every five years: Kerala HC

The Kerala High Court on Tuesday made it clear that government employees can't legally demand pay revision every five years. HC said the government appoints pay revision commission not on the basis of any rule and if the government appoints the commission each year, that does not mean that it's a right of the government employees, said justice TR Ramachandran Nair . He said recommendations of the commission would be implemented as per government wish. 

Tuesday, February 7, 2012

Air India restructuring approved by Group of Ministers

Group of Ministers (GoM) approves financial restructuring package for Air India. Cabinet to take a final view soon.
Source : PTI
Sources also informed that GOM also agreed to allow Air India to raise resources by issuing bonds or by other means.
Details are awaited.
Earlier News

Panel suggests combining incentives with Air India employees’ basic salary

Monday, February 6, 2012

The world’s biggest ever strike, India, 28th February 2012

On February 28th 2012 over 100,000,000 Indian workers will come out on strike. Workers from many unions and sectors are trying to gain improvements in areas such as, pay, pensions, and employment rights.

Friday, February 3, 2012

CBEC Cadre Review expected within a month : Revenue Secretary.

Faced with a formidable task of collecting Rs 9.32 lakh crore taxes during the fiscal ending March 31, Finance Minister Pranab Mukherjee today said he is exerting pressure on revenue officials to improve realisation.

“I am putting pressure on my colleagues in the CBEC, CBDT …and on my behalf Secretary (Revenue) is continously breathing (down) their neck to improve revenue because our demand and requirement is much more,” he said.

Salient features of Coal India Wage Agreement (NCWA) IX

Coal India Limited (CIL) the Maharatna public sector coal mining giant, on 31 January 2012, finalized the wage agreement for its 3.63 Lakh strong non-executive work force by giving a 25% increase on gross wages as of 30 June 2011. The wage hike that would be effective retrospectively from 1 July 2011 is for a five-year period.

Five day week in bank : Is there any possibility ?

Update : It may be reality soon. Click here to view latest news.
Bankers have been demanding 5 days week for a very long times, specially since the same has been introduced in central government offices and later on also adopted by RBI for its own offices.
However, till date, government has denied this demand on one plea or the other.  One of the main reasons for denial of this demand is the argument that it will put unnecessary hardships to the general public who wants to withdraw money on Saturdays also.
 It has been in news recently that IBA has recommended 5 days week to Finance Ministry but there is no confirmation available from any authenticated source till date.
As per our view, it is very unlikely that Govt. will allow banks to be open only five days in a week where the largest Public Sector Bank has earlier announced that it is exploring options to open 7 days a week.

Thursday, February 2, 2012

Andhra Pradesh issued Order for Dearness Allowance hike

Click Here View the D.A. Order from July 2012

Dearness Allownace(D.A.) G. O. Ms.No. 25 Released

Government vide G.O.Ms.No.25 , Dated:.02.02.2012 has sanctioned D.A. to  all the State Government Employees w.e.f. 01.07.2011. D.A arrears from July 2011 to October 2011 will be credited to the GPF/CSS accounts of the employees and shall be paid in Cash from November 2011.
Click Here to Download the Order

Wednesday, February 1, 2012

Coal India wage Pact signed to increase wages by 25 per cent,

State-run Coal India (CIL) has signed a pact with its trade unions to increase wages by 25 per cent, which would put an additional burden of Rs 6,500 crore on the public sector unit.
The hike will benefit over 3.7 lakh workers of the world's largest coal producer.
"An agreement was signed between union representatives and CIL management late last night for increase in the wages under which minimum guaranteed benefit would be 25 per cent of gross as on June 30, 2011," a CIL official said.

Andhra Pradesh hikes Dearness Allowance by 5.99%

View D.A. Order from July 2012
The state government has announced a 5.99 percent increase in Dearness Allowance (DA) for government employees in retrospective effect from July 2011. The decision was taken by the state Cabinet at a meeting on Monday under the chairmanship of chief minister N Kiran Kumar Reddy.

PTI confirms additional 7% D.A. from January'12 for Central and State employees

Govt Employees Entitled to 7 Percent Additional Dearness Allowance from January

PTI , Wednesday, 01 February 2012, 09:28 IST
Shimla/ New Delhi: Central and state government employees will be entitled to 7 percent additional dearness allowance (DA) with effect from January 1, 2012.

Himachal Pradesh releases arrears, enhances HRA, offers other bonanza

Prof. Prem Kumar Dhumal, Chief Minister, announced various financial incentives to the State employees in the Joint Consultative Committee Meeting held here under his chairmanship today. He announced release of 5th Pay Commission Recommendation pay arrears due to the State employees. He said that out of the total of Rs. 825 crore arrears due, 50 percent, (Rs. 412.50 crore) would be released to the employees and pensioners immediately in cash and while remaining 50 percent would be deposited into their GPF accounts. He announced increase in the Capital Allowance from Rs. 175 to Rs. 275 per month; double increment to the employees adopting permanent family planning modes after birth of two girl child. He announced to double House Rent Allowance based upon the existing slab system to the employees in the State.

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