Friday, October 4, 2013
Wednesday, September 25, 2013
Press Information Bureau
Government of India
Ministry of Finance
25-September-2013 11:50 IST
FM: Prime Minister Approves the Constitution of Seventh Central Pay
Commission; Recommendations are Likely to be implemented with effect
from 1st January, 2016
The Finance Minister Shri P.Chidambaram in a statement said here today
that the Prime Minister has approved the constitution of the Seventh
Central Pay Commission.
The fourth, fifth and sixth Central Pay Commissions’ recommendations were implemented as follows:
4th CPC 1.1.1986
5th CPC 1.1.1996
6th CPC 1.1.2006
The average time taken by a Pay Commission to submit its recommendations
has been about two years. Accordingly, allowing about two years for
the 7th CPC to submit its report, the recommendations are likely to be
implemented with effect from 1.1.2016.
The names of the Chairperson and members as well as the terms of
reference (ToR) of the 7th Pay Commission will be finalised and
announced shortly after consultation with major stakeholders.
Enhancement of ceiling for calculation of ex-gratia
bonus payable to Gramin Dak Sevaks
The Union Cabinet today approved the proposal of the Department of Posts to enhance the ceiling for calculation of ex-gratia bonus payable to Gramin Dak Sevaks from Rs. 2,500/- to Rs.3,500/- same as that prescribed for the regular departmental employees. The decision would be applicable with prospective effect that is from the accounting year 2012-13 payable in 2013-14.
The increase in bonus calculation ceiling will restore the long established parity between regular departmental employees and Gramin Dak Sevaks on the issue of payment of bonus. This decision will benefit 2.63 lakh Gramin Dak Sevaks working in the Department of Posts, who play a very vital role in providing postal, financial and insurance services in the rural, hilly and tribal areas of the country.
The Union Cabinet today approved the proposal of the Department of Posts to enhance the ceiling for calculation of ex-gratia bonus payable to Gramin Dak Sevaks from Rs. 2,500/- to Rs.3,500/- same as that prescribed for the regular departmental employees. The decision would be applicable with prospective effect that is from the accounting year 2012-13 payable in 2013-14.
The increase in bonus calculation ceiling will restore the long established parity between regular departmental employees and Gramin Dak Sevaks on the issue of payment of bonus. This decision will benefit 2.63 lakh Gramin Dak Sevaks working in the Department of Posts, who play a very vital role in providing postal, financial and insurance services in the rural, hilly and tribal areas of the country.
Friday, September 20, 2013
Release of additional installment of dearness allowance to Central Government employees and dearness relief to Pensioners, due from 1.7.2013
The
Union Cabinet today approved the proposal to release an additional
installment of Dearness Allowance (DA) to Central Government employees
and Dearness Relief (DR) to pensioners with effect from 01.07.2013, in
cash, at the rate of 10 per cent increase over the existing rate of 80
per cent.
Hence, the Central Government employees as well as the pensioners are entitled for DA/DR at the rate of 90 per cent of the basic with effect from 01.07.2013. The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission.
The combined impact on the exchequer on account of both dearness allowance and dearness relief would be of the order of Rs. 10879.60 crore per annum and Rs. 7253.10 crore in the financial year 2013-14 ( i.e. for a period of 8 month from July, 2013 to February 2014)
Hence, the Central Government employees as well as the pensioners are entitled for DA/DR at the rate of 90 per cent of the basic with effect from 01.07.2013. The increase is in accordance with the accepted formula based on the recommendations of the 6th Central Pay Commission.
The combined impact on the exchequer on account of both dearness allowance and dearness relief would be of the order of Rs. 10879.60 crore per annum and Rs. 7253.10 crore in the financial year 2013-14 ( i.e. for a period of 8 month from July, 2013 to February 2014)
Wednesday, September 18, 2013
Wednesday, September 11, 2013
Sunday, September 8, 2013
Saturday, September 7, 2013
Friday, August 30, 2013
All India Consumer Price Index (industrial workers) Base 2001-100 for the month of JULY 2013 stands as 235
According to a press release issued today by the
Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW
for July, 2013 rose by 4 points and pegged at 235 (two hundred and
thirty five). On 1-month percentage change, it increased by 1.73 per
cent between June and July compared with 1.92 per cent between the same
two months a year ago.
The largest upward pressure to the change in current index came from Food group contributing 1.99 percentage points to the total change. At item level, Rice, Fish Fresh, Goat Meat, Milk, Onions, Chillies Green, Potato, Tomato & other Vegetables. Electricity Charges, Firewood, Bus Fare, Petrol, etc. are responsible for the rise in index. However, this was compensated to some extent by Groundnut Oil, Primary and secondary School Fees putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 10.85 per cent for July, 2013 as compared to 11.63 per cent for the previous month and 9.84 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 14.10 per cent against 14.86 per cent of the previous month and 11.27 per cent during the corresponding month of the previous year.
At centre level, Giridih recorded the highest increase of 16 points each followed by Kodarma (11 points), Durgapur (10 points) and Jharia, Surat, Ghaziabad and Godavarikhani (9 points each). Among others, 8 points rise was registered in 7 centres, 7 points in 6 centres, 6 points in 10 centres, 5 points in 6 centres, 4 points in 7 centres, 3 points in 8 centres, 2 points in 6 centres, and 1 point in five centres. On the contrary, Faridabad reported a decline of 6 points followed by Madurai (5 points), Coonoor (3 points), Tiruchirapally (2 points) and 5 other centres by 1 point each. Rest of the 7 centres’ indices remained stationary.
The indices of 38 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Jabalpur and Ghaziabad centre remained at par with all-India index.
The next index of CPI-IW for the month of August, 2013 will be released on Monday, 30 September, 2013.
The largest upward pressure to the change in current index came from Food group contributing 1.99 percentage points to the total change. At item level, Rice, Fish Fresh, Goat Meat, Milk, Onions, Chillies Green, Potato, Tomato & other Vegetables. Electricity Charges, Firewood, Bus Fare, Petrol, etc. are responsible for the rise in index. However, this was compensated to some extent by Groundnut Oil, Primary and secondary School Fees putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 10.85 per cent for July, 2013 as compared to 11.63 per cent for the previous month and 9.84 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 14.10 per cent against 14.86 per cent of the previous month and 11.27 per cent during the corresponding month of the previous year.
At centre level, Giridih recorded the highest increase of 16 points each followed by Kodarma (11 points), Durgapur (10 points) and Jharia, Surat, Ghaziabad and Godavarikhani (9 points each). Among others, 8 points rise was registered in 7 centres, 7 points in 6 centres, 6 points in 10 centres, 5 points in 6 centres, 4 points in 7 centres, 3 points in 8 centres, 2 points in 6 centres, and 1 point in five centres. On the contrary, Faridabad reported a decline of 6 points followed by Madurai (5 points), Coonoor (3 points), Tiruchirapally (2 points) and 5 other centres by 1 point each. Rest of the 7 centres’ indices remained stationary.
The indices of 38 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Jabalpur and Ghaziabad centre remained at par with all-India index.
The next index of CPI-IW for the month of August, 2013 will be released on Monday, 30 September, 2013.
Friday, August 23, 2013
Wednesday, August 14, 2013
Thursday, August 1, 2013
D.A. hike to the extent of 10% w.e.f. 01.07.2013.
All
India Consumer Price Index (industrial workers) Base 2001-100 for the
month of June 2013 stands as 231
Therefore,
the Central Government employees will have a D.A. hike to the extent of 10% w.e.f. 01.07.2013. The revised D.A w.e.f 01.07.2013 will be 90%.
Normally the revised D.A rate will be approved by the cabinet and
difference is being paid in the month of Sept or Oct every year.
Wednesday, July 24, 2013
Thursday, July 18, 2013
Monday, July 1, 2013
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