Wednesday, 4 February 2015

Implement 7th Pay Commission report with effect from January 1, 2014: BSNL Pensioners Welfare Association

Implement 7th Pay Commission report with effect from January 1, 2014: BSNL Pensioners Welfare Association

The All India BSNL Pensioners Welfare Association urged the Centre to implement the Seventh Pay Commission report with effect from January 1, 2014.

A resolution to this effect was adopted at the 10th annual general body meeting of the Salem West district branch of the association held here recently. M. Amirthalingam, former DGM, BSNL, and president of the association, presided.

Another resolution demanded creation of a permanent Statutory Wage Board for revising the pay and pension periodically. The meeting also demanded the Government to restore commutation of pension after 12 years as already recommended.

The other resolutions include increasing fixed medical allowance from Rs.500 to Rs. 2,000 a month, extending the admissibility of C.C.S (M.A) Rules, 1944 to the Central Government pensioners not covered under CGHS as already recommended, sanctioning funeral grant of Rs.10,000 on the death of pensioner/family pensioner to the family; provision of 50 per cent of concession in all public transport system and creation of CGHS Hospitals in all district headquarters.

The association also demanded merger of 50 per cent IDA / CDA with basic pension immediately and scraping the New Pension Scheme and cover all employees under Old Pension and Family Pension Scheme.
M. Mani, General Manager, BSNL Salem, spoke.

Review of progress of NPS (National Pension System) Implementation

Review of progress of NPS (National Pension System) Implementation

KENDRIYA VIDYALAYA SANGATHAN
18, Institutional Area, Shaheed feet Singh Marg,
New Delhi-110 016 (India)
Tel.:91-11-26855532,Fax : 91-11-26514179, 26565536
E-mail:addl.com.admn@ gmail.com ,
Website : www.kvsangathan.nic.in
 F.No.110126125/2012/KVS-NPS/PF/75-107
Dated:03.02.2015
To,
Deputy Commissioner/Director,
Kendriya Vidyalaya Sangathan,
All Regional Offices / ZIETs
Subject: Review of progress of NPS (National Pension System) implementation.
I am to inform that the Pension Fund Regulatory and Development Authority (PFRDA), New Delhi organised a review meeting on NPS (National Pension System) on 15th January 2015 from 10.30 A.M. to 12.30 P.M.. The following points were discussed in the above meeting:
(a) Subscriber coverage – It is intimated that all the employees who join in service on or after 01.01.2004 will come under New Pension System as per the policy of the Government. They also advised that as and when a candidate joins the service, the process for joining in NPS is to be completed immediately & efforts are to be made to enhance subscriber’s awareness by distributing brochures, updating S2 Form, issuing statement of transactions and redressing grievances in February 2015.
(b) Delay in uploading/remitting contributions – PFRDA took serious note for delays in uploading or remitting contributions. As per existing policy NPS contribution (Own and management share) is to be uploaded by 5th of  month vide Min. Of Fin. Deptt of Expenditure, New Delhi 0.M No following 1(7)(2003/TA/Part File/279) dt 02.09.2008. The delay in this matter will have serious consequences. Statutory penal provisions may also be enacted soon. So appropriate priority and extra attention is to be given.
(c) Confirmation of uploading legacy amount – The legacy amount is to be uploaded immediately and necessary confirmation to be obtained from the Pay & Accounts Office so that no legacy amount is left pending for uploading.
(d) Resolution of pending grievances under CGMS (Centralized Grievance Management System) – The grievances pending with PAO are to be resolved immediately. The delay in this matter will not be tolerated.

(e) Nomination details for subscribers — PFRDA advised that all the subscribers should provide the nomination details in the S2 form. Once the nomination details are provided by the subscribers, these details can be updated in the CRA system. This facility has been extended to subscriber also i.e. subscriber can himself revise nomination, address and mobile number.

(f) Refund of NPS contribution — PFRDA advised that employee’s contribution with management contribution along with interest up to the date of settlement may be returned to the official who has tendered resignation/expired while in service if their contribution is lying with office. And amount may be transferred to the concerned organization where the official is presently working in case of technical resignation. In this regard it is relevant to comply KVS(HQ) letter No.1101260125/2010/KVS/NRDCPS/Allot/PPAN/PF/1159-1232 dated 29.12.2010.

(g) Assessment of the performance of KVS in the field of NPS reveals that much more priority and attention is required by your Regional Office/ZIETs to achieve the ideal target of 100% uploading in time and zero grievances. In view of this it is advised to earmark one staff and one computer with Internet facility for the same at RO level and monitor the same personally and ensure regular compliance, positively, to avoid penal consequences.

(h) Please sensitize your office and all KVs under your control in this matter and a report be sent to the undersigned by 28.02.2015.
Yours sincerely
Sd/-
G.K. Srivastava, I.A.S
Addl. Commissioner (Admn. & Vig.)

Source: http://kvsangathan.nic.in/GeneralDocuments/ANN-03-02-15.PDf

7th Pay Commission urged to hold hearings of NC JCM Staff Side

7th Pay Commission urged to give hearings to NC JCM Staff Side because it is imperative to bring grass root workers level problems to the notice of 7th CPC.

Shiva Gopal Mishra,
Secretary
Ph: 23382286
National Council (Staff Side)
Joint Consultative Machinery for Central Government Employees
13-C, Ferozshah Road, New Delhi – 110001
E Mail: nc.jcm.np@gmail.com
No. NC-JCM-2015/7th CPC
2/2/2015
The Chairman
7th Central Pay Commission,
Chatrapati Shivaji Bhawan
1st Floor, B-14/A,
Qutab Institutional Area
New Delhi 110016
Post Box No. 4599,
Haus Khas P.O.

Respected Sir,

Sub: Holding of Hearings by 7th CPC with members of Standing Committee – National Council (JCM).

A lot of quarries are pouring in JCM Office from grass root workers ,as also from the Constituent Organization in respect of holding Hearings/Oral Evidence by 7th CPC . It may be appreciated that previous 6th CPC had held a detailed oral evidence with Members (Staff Side) of the Standing Committee of NC/JCM continuously for 3 days for better appreciation of the demands put-forth by the Staff Side.

It would, therefore, be highly appreciated if a time schedule is fixed, well in advance, so as to make necessary preparations in this regard.
Yours faithfully
sd/-
(S.G.Mishra)
Source: www.ncjcmstaffside.com

NC JCM staff side demands scheduled meetings of JCM for redressal of grievances of 40 Lakhs central government employees

NC JCM staff side demands scheduled meetings of Joint Consultative Machinery for redressal of grievances of 40 Lakhs central government employees.

Shiva Gopal Mishra,
Secretary
Ph: 23382286
National Council (Staff Side)
Joint Consultative Machinery for Central Government Employees
13-C, Ferozshah Road, New Delhi – 110001
No.NC-JCM/2014/DoP&T
Dated: February 2, 2015
Dr. Jitendra Singh,
Hon’ble Minister of State for Prime Minister Office,
Ministry of Personnel, Public Grievances & Pensions,
(Department of Personnel & Training),
(Government of lndia),
New Delhi

Respected Sir,

Sub: Joint Consultative Machinery (JCM) (Staff Side)

I would like to invite your kind attention towards my earlier letter dated June 30, 2014(photocopy enclosed for your kind perusal), wherein it was represented that the JCM(National level) is responsible for all the common issues of around 40 lakh Central Government Employees, particularly wages, allowances, leave etc. This machinery had become quite ineffective since last half decade. Since last four and half years, meeting of the National Councii(JCM) has not been held, resulting in stoppage of dialogue at the highest level. Decision taken by the Standing Committee on many agenda items has not been implemented, and in many of the government departments, Departmental Council has not been formed or non-existent. Even in these circumstances, you will appreciate that the role of the unions and the federations had been quite cooperative, but how long it will remain, we are not sure.

It is, therefore, requested that, to avoid any industrial unrest, JCM Machinery must be made effective and meetings of the same must be ensured with a yearly calendar. The said scheme should also be made participative to resolve and redress various problems of the Central Government Employees.

For the above, we would like to request you to kindly call a meeting of the Standing Committee of the NC/JCM under your chairmanship to strengthen the JCM Scheme.

With kind regards!
Sincerely yours,
sd/-
(Shiva Gopal Mishra)
Source: www.ncjcmstaffside.com

Xth BPS : UFBU not satisfied with IBA’s offer, to go on strike

Xth BPS : UFBU not satisfied with IBA’s offer, to go on strike

As scheduled the 10th BPS wage Negotiation Talk between Bank Unions (UFBU) and Indian banks Association held to day at Mumbai.

In the talks today(3rd Feb) IBA offered only 0.5% improvement(to take the wage hike to 13% from earlier offer of 12.5%) which is not satisfactory as per unions.

Bank Unions (UFBU ) decides to revive the Strike programme.

4 days Strike from 25th Feb and indefinite strike from 16th March.

Details are awaited
Update by Mr Mohan P

7th Pay Commission Pay – Impact of Flat CPI (IW) Aug 2014 to Dec 2014

7th Pay Commission Pay – Impact of Flat CPI (IW) Aug 2014 to Dec 2014
7CPC 
Needless to say, news and developments on 7th Pay Commission are foremost things that draw the attention of Central Government Employees and Pensioners nowadays.
As the commission’s regular time frame for submission of report is getting completed in less than 11 months, employees and pensioners hope for either implementation of Revised 7th Pay Commission Pay and Pension in time or grant of DA merged pay with interim relief from 1st January 2016.
Both of these exercises would require a percentage of Dearness Allowance to be merged with pay. So Quantum of DA as on 1st January 2016 gains much significance here.
As of now, Central Government and Railway employees and Defence personnel are in receipt of DA of 107% from July 2014. With all the indices from Jan 2014 to Dec 2014 have been officially released, DA with effect from January 2015 is confirmed to be 113%.
Check this article : 6% DA hike from January 2015

Though increase in DA of 6% from January 2015 appear normal at par with increase in DA previously, additional DA this time was possible only due to higher Consumer Price Indices from Jan 2014 to July 2014.
The index from August 2014 to December 2014 is totally flat and remained at 253 for 5 months thanks to economical factors such as lesser oil prices, good monsoon etc.
As, period from July 2014 to Dec 2014 form the 1st half of the chain of CPI needed to calculate DA from July 2015, this no inflation scenario would definitely impact quantum of DA from July 2015. For example, if CPI (IW) is flat at 253 for two more months (Jan 2015 and Feb 2015) and one or two point increase in the next 4 months (Mar, Apr, May and Jun 2015) would result in DA increase of only 5% from July 2015
DA from Jul 2015 [(252 + 253 + 253 + 253 + 253 +253 +253 + 253 + 254 + 255 + 255 + 255) -115.76]*100/115.76
= 118 % (DA increase of 5% from July 2015)

As far as DA from January 2016 is concerned, the cost of living indices from January 2015 to December 2015 will be the deciding factors. On account of various economical factors such as reduced interest rates etc., CPI (IW) may either be heading south or remain flat during this period, but it is too early to predict those factors now. Any way, it is sure that Consumer Price Index from January 2015 to December 2015 may not experience any steep upward movement. In that case, we can safely assume one point increase in CPI (IW) in alternative months from July 2015 to Dec 2015. This assumption provides increase in DA of only 2% from January 2016, which is worked out as follows
DA from January 2016 [(253 + 253 +254 +255 + 255 + 255 + 256 + 256 + 257 + 257 + 258 + 258) -115.76]*100/115.76
= 120 % (DA increase of 2% from July 2015

Source: gconnect

Auction for Sale of Government Stocks

Auction for Sale of Government Stocks

Ministry of Finance
03-February, 2015

The Government of India have announced the Sale (re-issue) of (i) “8.27 per cent Government Stock 2020” for a notified amount of Rs. 2,000 crore (nominal) through price based auction, (ii) “8.15 per cent Government Stock 2026” for a notified amount of Rs.5,000 crore (nominal) through price based auction, (iii) “8.24 per cent Government Stock 2033” for a notified amount of Rs. 3,000 crore (nominal) through price based auction, and (iv) “8.17 per cent Government Stock 2044” for a notified amount of Rs. 3,000 crore (nominal) through price based auction. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India(RBI), Mumbai Office, Fort, Mumbai on February 06, 2015 (Friday).

Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on February 06, 2015. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon.

The result of the auctions will be announced on February 06, 2015 and payment by successful bidders will be on February 09, 2015 (Monday).

The Stocks will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India (RBI) vide circular No. RBI/2006-07/178 dated November 16, 2006 as amended from time to time.

– PIB

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