Friday, 21 August 2015

Expected DA from Jan 2016 – Last and A New Chapter Begins

Expected DA from Jan 2016 – Last and A New Chapter Begins
The last episode of “Expected DA from July 2015” is almost confirmed to hike by 6% and the official announcement is expected in the second week of next month.
‘The government usually announces additional dearness allowance for Central staff twice in a year from January and July, based on the price-fluctuation data of the previous six months.’
Central Government employees are currently being given a Dearness Allowance of 113%. With 6% DA almost conclusively assured from July 2015 onwards, official announcement is expected to be made during the cabinet meeting in the second week of next month. As soon as cabinet gives its nod, DA will be issued at 119% for the six months starting July 2015, up to December 2015.
Generally additional dearness allowance is being calculated only after releasing the Consumer Price Index for the previous six months. The price fluctuation data for the six months (July to December 2015) will be published by the Labour Bureau each month. Based on this AICPIN Points, a new another additional Dearness Allowance will be issued from January 2016.
The AICPIN points of December 2015, that is last month data will be announced only towards the end of January 2016. Only then will the Dearness Allowance from January 2016 will be calculated and it will be implemented after the cabinet gives its approval in March.
This will be the final dearness allowance based on the calculations prescribed by the 6th Central Pay Commission.
Just have a look the table is given below, the total Dearness Allowance given in their period of 5th and 6th Pay Commission…
5th CPC Additional DA Twice in a Year 6th CPC
4% 1st Year 2%
13% 2nd Year 9%
22% 3rd Year 16%
37% 4th Year 27%
41% 5th Year 45%
45% 6th Year 58%
52% 7th Year 72%
59% 8th Year 90%
DA Merger 9th Year No DA Merger
21% 10th Year 119%
(Expected) 125%
74% Total 125%

DA Merger + Points 125%



Canteen Stores Department
Canteen Facilities to Defence Personnel, Ex-servicemen
Q1 Do I have to pay any penalty for making new Smart Card after I have lost the old Card? 
A1 (a) Penalties on Loss of Smart Cards Yes, In case of loss of Canteen Smart Card (Grocery/Liquor) by an individual following penalties will be levied in addition to costs of Smart Card and penalty amount will be merged with the URC profit :-

Loss/Card Liquor Grocery
First Time Rs. 500/- Rs. 500/-
Second and subsequent Time Rs. 1000/- Rs. 1000/-

Note. Chairman of the URC may wave off the Penalty depending upon the genuineness of the loss, in exceptional cases. 
(b) There have been few cases of misuse of lost Smart cards. Therefore, loss of Canteen Smart Card is being dealt with strictly. In addition to person applying afresh for the card and giving wrong details, responsible scrutinizing staff/ countersigning authority will also be held accountable for wrong details in application for fresh Individual Smart Card.

Q2. Why restrictions are laid by some URCs on entry as well as issue of items to authorized persons? 
A2. Misuse of canteen facilities is detrimental to the welfare of the genuine buyers. This needs to be curbed. Sometimes temporary restrictions are also put on place due to short supply of certain items or excess purchase of certain items by customers during particular season. The responsibility to manage the available inventory as also to curb misuse of facility, lies with the Chairman of URCs. In order to streamline and further refine the procedures, following is being implemented:-  
(a) No Bulk Purchases by Individuals. No bulk purchases by an individual are permitted. URCs can lay down restrictions at local level to ensure the same. However, all bulk purchases, if valid reasons necessitate, will be supported by one time use written permission of the Chairman of URC.

(b) Strict check on entry and allowing only authorized persons to avail canteen facilities. Entry into any URC will be purely Smart Card based by personal appearance.

Q3 . What are orders on the issue of liquor? 
A3 Liquor Quota. There is no change in liquor authorization. However, it is limited as per brand/type for better planning and control over quality & quantity. As such, following restrictions are presently enforced:-
  (i) Officers. Scotch whisky permitted up to 50% of total entitlement.
(ii) JCOs & Eqvl. Not more than three Whisky bottles including one Scotch Whisky of the entitlement.
(iii) Others. Not more than two Whisky bottles including one Scotch Whisky of the entitlement.

Note. This restriction will be revised by the DDGCS from time to time as per requirement, availability of funds and stock position.

Q4 What is the entitlement for purchase of car?  
A4 Four Wheelers(Car). An entitled person based on his purchasing power will be entitled to purchase first or subsequent car only after years and up to capacity as mentioned below:-
(a) Officers (Incl Retd) - Four years and upto 2500 cc capacity.
(b) JCOs/Eqvl granted Hony Commission (lncl Retd) – Seven years and upto 1500 cc capacity
(c) JCOs/OR & Eqvl (Incl Retd) - Once while in service and once after retirement up to 1400cc capacity.

Q5. Is there a minimum service limit for purchase of car by JCOs/ OR?
A5. Yes, A JCO/ OR should have rendered min 15 years of color service to apply for a car.

Q6. What are restrictions on purchase of a 2-Wheeler?
A6 All categories (Incl Retd) can buy a 2- wheeler after every three years. .

Q7. Is there any restriction on AFD items? 
A7. AFD Items like Refrigerator, TV, Washing Machine etc can be purchased after every three years by all categories.
Note: Control Over AFD Items will be reviewed from time to time as per requirement, availability of stores and budgetary situation of CSD.

Q9. What are the orders for entry into a URC?
A9. Entry into any URC will be purely Smart Card based by personal appearance. In case a particular Offr/JCO/OR/Equivalent is unable to present himself personally due to valid reasons like old age or acute medical problem, a permission, signed by the Chairman/ CO/OC of the unit/ establishment running the URC must accompany the Smart Card with photo of the authorized person carrying it. Validity period and genuineness of requirement of such permission will be decided by the Chairman of the URC on case to case basis.

2nd and 4th Saturday as Holidays in Banks w.e.f. 1st Sep, 2015: DFS Notification

Wage Negotiation between IBA Workmen Unions and Officers’ Association - 10th BPS - 2nd and 4th Saturday as Holidays, DFS Order and Notification

Government of India
Ministry of Finance
Department of Financial Services
Jeevan Deep, IIIrd Floor,
Parliament Street. New Delhi
Dated the August 20. 2015
1. Dy. Governor,
Reserve Bank of India.
Central Office,

2. Chief Executive,
Indian Banks’ Association,

Subject: Wage Negotiation between IBA Workmen Unions and Officers’ Association - 10th BPS - 2nd and 4th Saturday as Holidays


I am directed to refer to IBA’s letter No. HR&IR/XBPS/3/975 dated 25th June, 2015 and RBI's letter No.DBR(Leg.)No.953/09.04.022/2015-16 dated 15.7.2015 on the subject cited above and to enclose herewith a copy of the Notification(in English and in Hindi) regarding declaring every second and fourth Saturday of every month as public holiday for banks in India with effect from 1st September, 2015.

2. RBI and IBA are requested to take necessary action accordingly.

3. This issues with the approval of Competent Authority.

Yours faithfully.

Encl. As above
(Manish Kumar)
Under Secretary to the Government of India

To be published in the Gazette of India, Extra ordinary, Part II, Section 3, Sub-section (II)



S.0. - (E) In exercise of the powers conferred by section 25 of the Negotiable Instruments Act, 1881 (26 of 1881), the Central Government hereby declares the second and the fourth Saturday of every month as publlc holiday for banks In India, whether or not such banks are Included In the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), with effect from the 1st day September, 2015.

(F. No. 4/1/712015-IR]
(Mohammad Mustafa)
Joint Secretary to the Government of India

The Manager,
Government of India Press,
Ring Road, Mayapuri,
New Delhi -1 10064.



Seventh Pay Commission may not lower retirement age

Seventh Pay Commission may not lower retirement age

New Delhi: The Seventh Pay Commission is not likely to take a major decision of the lowering of the retirement age for central government employees to 58 years old, two years earlier than what the present law requires.

Since studies show that Indian people reaching the age of 50 years old tend to suffer from a decline of cognitive and physical abilities.

That older employees also find it harder to adapt to modern technology, which is must required to develop the nation.

The youth people in country have increased and so the pay panel may want to focus on Youth unemployment as, “More retirees would mean more job openings for the youth.”

But no discussion has made on the proposal to either raise or reduce the retirement age of central government employees from the present 60 years in the pay panel till date.

The pay panel is likely to keep the retirement age of central government employees unchanged at 60 years, a senior official of the pay panel said.

“We are not going to either recommend lowering or raising the retirement age. If we lower the age limit, the pension burden will bust the government’s medium-term fiscal targets,” he added.

However, the Seventh Pay Commission urged the finance ministry to extend the deadline by a month to submit its recommendations. Accordingly it is expected to submit its report by the end of September. The time allotted for the commission ends this month.

“There are some data points that are missing, which we hope to get by this month end. We are trying to submit the report by 20 September,” the official of the pay panel also said.

The Pay panel report may be effective from by April 2016.

Flash News

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