Sunday, 31 July 2016
31.7.2016
7th CPC DA calculation as it is not giving the DA benefit we supposed to get from sixth CPC.
A Comparison of current DA vs 7th Pay Commission DA
As per this current DA calculator.6th pay DA would be 7% and7th pay DA is 2% from July on-wards.Now if we see this figures logically there is great disappointment. We actually can’t get 7th pay DA hike at least same as currently available system of 6th pay DA hike.7th pay commission has raised basic pay with Multiplication factor 2.57.Then logically DA revision pattern would also be such as which at least should maintain equivalency of 2.57 factor.
For example…If one’s Basic pay in 6th CPC is Rs. 20000, So with fitment factor of 2.57 his Basic Pay in 7th pay will be 51400.So as per DA calculator, 7% DA rise on 6th CPC Basic Pay will be Rs.1400 . 2% DA rise on 7th CPC Basic Pay will be 1028.So current applicable DA system is clearly failing to maintain the parity between 6th pay and 7th pay consideration.In order to achieve this balance either DA Calculation system or 7th pay fitment factor should be amended.Suppose if we think fitment factor should be amended to maintain the parity in DA Rates between Sixth and 7th CPC, then the should be such basic to be fixed so as give its 2% value as Rs. 1400.Thus, the 7th CPC Basic Pay to be revised as Rs. 70000 instead of Rs. 51400.And to arrive 70000 as basic Pay, the fitment factor should be revised to 3.5…!!!If this issue is not considered timely then employee will suffer for upcoming 10 years.SOURCE-Central Government Employees News
7th CPC DA calculation as it is not giving the DA benefit we supposed to get from sixth CPC.
A Comparison of current DA vs 7th Pay Commission DA
As per this current DA calculator.6th pay DA would be 7% and7th pay DA is 2% from July on-wards.Now if we see this figures logically there is great disappointment. We actually can’t get 7th pay DA hike at least same as currently available system of 6th pay DA hike.7th pay commission has raised basic pay with Multiplication factor 2.57.Then logically DA revision pattern would also be such as which at least should maintain equivalency of 2.57 factor.
For example…If one’s Basic pay in 6th CPC is Rs. 20000, So with fitment factor of 2.57 his Basic Pay in 7th pay will be 51400.So as per DA calculator, 7% DA rise on 6th CPC Basic Pay will be Rs.1400 . 2% DA rise on 7th CPC Basic Pay will be 1028.So current applicable DA system is clearly failing to maintain the parity between 6th pay and 7th pay consideration.In order to achieve this balance either DA Calculation system or 7th pay fitment factor should be amended.Suppose if we think fitment factor should be amended to maintain the parity in DA Rates between Sixth and 7th CPC, then the should be such basic to be fixed so as give its 2% value as Rs. 1400.Thus, the 7th CPC Basic Pay to be revised as Rs. 70000 instead of Rs. 51400.And to arrive 70000 as basic Pay, the fitment factor should be revised to 3.5…!!!If this issue is not considered timely then employee will suffer for upcoming 10 years.SOURCE-Central Government Employees News
Saturday, 30 July 2016
Date : 30.7.2016
Ministry of Communications and Information Technology (India)
Page issuesMinistry overview | |
---|---|
Superseding agencies | |
Jurisdiction | Republic of India |
Headquarters | Sanchar Bhawan New Delhi 22°37′20″N 77°12′50″E |
Website | deity |
The Ministry of Communication and Information Technology was an Indian government ministry. It was bifurcated intoMinistry of Communications and Ministry of Electronics and Information Technology in July 2016. It contained three departments viz.Department of Telecommunications, Department of Electronics and Information Technology (Deity) and Department of Posts.[citation needed]
The following cadre controlling authority of the Civil Services (including Indian Telecommunication Service, Indian Postal Service, Indian Radio Regulatory Service, Telegraph Traffic Service and Indian Posts and Telegraphs Accounts and Finance Service) are under the administration and supervision of the Ministry of Communications and Information Technology.[citation needed]
Date : 30.7.2016
Promotion to the grade of Director General Postal Services in the Department of Posts - order date 29.07.2016
Shri Ashutosh Tripati (IPoS-1981 batch) Member (P) is promoted to Director General, Postal Services. To view order, please CLICK HERE.
Date : 30.7.2016
RELEASING OF LIST OF P.A./S.A.s WHO ARE QUALIFIED - COMBINED HIGHER SECONDARY LEVEL EXAM FOR THE YEAR 2015-16
PL CLICK HERE TO VIEW LIST OF CANDIDATES IN ROLL NO. ORDER QUALIFIED FOR DESCRIPTIVE PAPER
Friday, 29 July 2016
Date : 30.7.2016
CBDT extends the date for filing income tax return for Assessment Year 2016- 2017 from July 31st to August 5th, 2016
Press Information Bureau
Government of India
Ministry of Finance
29-July-2016 20:47 IST
CBDT extends the date for filing income tax return for Assessment Year 2016- 2017 from July 31st to August 5th, 2016
As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the due date for filing returns of Income for Assessment Year 2016- 2017 from 31st July, 2016 to 5th July,2016 , in case of taxpayers throughout India who are liable to file their Income-tax by 31st July, 2016.
This extension is given in order to avoid any inconvenience to the taxpayers while making payment of taxes pertaining to returns of income for Assessment Year 2016- 2017 by 31st July, 2016 due to reports of Bank strike on 29th July,2016(Friday) and 31st July,2016 (Sunday), being a Bank-Holiday
Date : 30.7.2016
Declaration of Assets and Liabilities by public servants under section 44 of the Lokpal and Lokayuktas Act, 2013 — filing of Returns by public servants - extension of last date - regarding
Declaration of Assets and Liabilities by public servants under section 44 of the Lokpal and Lokayuktas Act, 2013 — filing of Returns by public servants - extension of last date - regarding
No. 407/16/2016-AVD-IV(LP)
Bharat Sarkar/Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
New Delhi, the 29th July, 2016
Office Memorandum
Subject: Declaration of Assets and Liabilities by public servants under section 44 of the Lokpal and Lokayuktas Act, 2013 — filing of Returns by public servants - extension of last date - regarding
The undersigned is directed to refer to this Department's OMs No.407/12/2014- AVD. IV(B) dated 12th April, 2016, No. 407/02/2016-AVD. IV(Lokpal) dated 24th June, 2016 and No. 407/02/2016- AVD. IV(Lokpal) dated 4th July, 2016 as also
Secretary(Personnel)'s D.O. letter No. 407/12/2014- AVD. IV(B) vol. III dated 5th July, 2016 OM addressed to all Secretaries, regarding the furnishing of information relating to assets and liabilities by public servants under section 44 of the Lokpal and Lokayuktas Act, 2013.
2. In this regard, it is stated that the last date for furnishing of declaration/information/annual return as on 01.08.2014, 31.03.2015 and 31.03.2016 relating to assets and liabilities by public servants under section 44 of the Lokpal and Lokayuktas Act, 2013 has been extended upto 31st December, 2016. Formal amendments to the Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for Exemption of Assets in Filing Returns) Rules, 2014 have been notified and uploaded on the website of this Department, i.e., http://persmin.nic.in/DOPT.asp.
3. Now the timelines for filing these returns are as follows:-
i. The first return of assets and liabilities as on 1st August, 2014 - on or before the 31st December, 2016.
ii. The annual return of assets and liabilities as on 31st March, 2015 - on or before the 31st December, 2016.
iii. The annual return of assets and liabilities as on 31st March, 2016 should be filed on or before 31st December, 2016.
(Rakesh Kumar)
Director
Date :30.7.2016
Verification of qualifying service after 18 years service and 5 years service before retirement
Verification of qualifying service after 18 years service and 5 years service before retirement
RBE No : 83/2016
Government of India
Ministry of Railway
(Railway Board)
No. F(E)III/2008/PN1/13
New Delhi, Dated 11.07.2016
Subject: Verification of qualifying service after 18 years service and 5 years service before retirement
The provision regarding verification of qualifying service after 18 years service and 5 years service before retirement already exists in Rule 47 of Railway Service (pension) Rules, 1993. However, a copy of instruction issued by the Department of Pension and Pensioners’ Welfare (DOP & PW) vide their O.M No. 1/19/2013-P&PW (E) dated 16.09.2015 on the above subject is enclosed for information and compliance. The Rule 32 of CCS (pension) Rules mentioned in the said O.M. corresponds to Rule 47 of Railway Services (Pension) Rules, 1993.
2. Please acknowledge receipt.
Sd/-
(Sanjay Prashar)
Deputy Director, Finance (Estt.)III,
Railway Board
Date : 29.7.2016
A senior labour ministry official told ET that the time is not ripe to enhance wages and make it binding on all states as this would raise the input cost for manufacturers and make them uncompetitive.
"We are holding back the increase in minimum wages for a while now and may reconsider this at a later stage when demand picks up so that the additional burden incurred by manufacturers through higher wages is compensated by increase in order inflow," the official said on condition of anonymity.
"This kind of substantial hike in labour wages will go against the government's approach to 'Make in India' and could impact investment decisions as of now," an industry expert said, requesting not to be identified.
Labour ministry puts
minimum
wage hike proposal on hold
A senior labour ministry official told ET that the time is not ripe to enhance wages and make it binding on all states as this would raise the input cost for manufacturers and make them uncompetitive.
"We are holding back the increase in minimum wages for a while now and may reconsider this at a later stage when demand picks up so that the additional burden incurred by manufacturers through higher wages is compensated by increase in order inflow," the official said on condition of anonymity.
The central government is projecting lowercost of labour in India vis-a-vis China, where wages are on the rise, as a major attraction for manufacturers to set up shops in the country along with its focus on the ease of doing business.
"This kind of substantial hike in labour wages will go against the government's approach to 'Make in India' and could impact investment decisions as of now," an industry expert said, requesting not to be identified.
As part of its proposal to enhance minimum wages, conceived by labour ministry last year, all states and union territories were grouped into three categories based on per capita income and minimum wages for the unskilled, semiskilled and skilled workers in each of the provinces.
Based on the formula arrived at, states like Goa, Delhi, Sikkim, Chandigarh, Pondicherry and Maharashtra, with highest per capita income in the country, would be in the first category where minimum wage for the unskilled would be in the range of Rs 8,000-9,000 per month.
For states like Bihar, Uttar Pradesh, Manipur, Assam and Jharkhand, with least per capita income, the minimum wage could be around Rs 6,000 a month, a hike of 25% based on recently raised National Floor Level Minimum Wage.
Going by this, minimum wages would range betweenRs 9,000 and Rs 12,000 for semiskilled and skilled workers in poor states & between Rs 12,000 and Rs 16,000 in rich states.
Trade union leaders said higher wages are essential. "Naturally, employers' side will be hurt by increase in wage cost, but this is essential as wages in India are the lowest and unless the worker is compensated well he would not be motivated to deliver to his best ability," said DL Sachdeva of the All India Trade Union Congress.
The National Floor Level Minimum Wage was revised last year to Rs 160 a day from Rs 137. This ranslated into a monthly salary of Rs 4,800 for an unskilled worker, but is not mandatory for states to follow.
Based on the formula arrived at, states like Goa, Delhi, Sikkim, Chandigarh, Pondicherry and Maharashtra, with highest per capita income in the country, would be in the first category where minimum wage for the unskilled would be in the range of Rs 8,000-9,000 per month.
For states like Bihar, Uttar Pradesh, Manipur, Assam and Jharkhand, with least per capita income, the minimum wage could be around Rs 6,000 a month, a hike of 25% based on recently raised National Floor Level Minimum Wage.
Going by this, minimum wages would range betweenRs 9,000 and Rs 12,000 for semiskilled and skilled workers in poor states & between Rs 12,000 and Rs 16,000 in rich states.
Trade union leaders said higher wages are essential. "Naturally, employers' side will be hurt by increase in wage cost, but this is essential as wages in India are the lowest and unless the worker is compensated well he would not be motivated to deliver to his best ability," said DL Sachdeva of the All India Trade Union Congress.
The National Floor Level Minimum Wage was revised last year to Rs 160 a day from Rs 137. This ranslated into a monthly salary of Rs 4,800 for an unskilled worker, but is not mandatory for states to follow.
Economic Times
Subscribe to:
Posts (Atom)