Friday, 16 October 2015

Bonus Orders 2015 : Grant of Ad-hoc Bonus to Central Government Employees for the year 2014-15

Bonus Orders 2015 : Grant of Ad-hoc Bonus to Central Government Employees for the year 2014-15

Ad-hoc-Bonus-to-Central-Government-Employees
Finance Ministry issued orders today regarding Non-Productivity Linked Bonus (Ad-hoc Bonus) for Central Government Employees for the year 2014-15.
Grant of Non-Productivity Linked Bonus (Ad-hoc Bonus) to the Central Government Employees for the year 2014-15

No.7/24/2007/E III (A)
Government of India
Ministry of Finance
Department of Expenditure
E III (A) Branch

New Delhi, the October 16, 2015
OFFICE MEMORANDUM

Subject: – Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2014-15.

The undersigned is directed to convey the sanction of the President to the grant of Non-Productivity Linked Bonus (Ad-hoo Bonus) equivalent to 30 days emoluments for the accounting year 2014-15 to the Central Government employees in Groups ‘C’ and ‘D’ and all non-gazetted employees in Group ‘B’, who are not covered by any Productivity Linked Bonus Scheme. The calculation ceiling for payment of ad-hoc Bonus under these orders shall continue to be monthly emoluments of Rs. 3500/-, as hitherto. The payment of ad-hoc Bonus under these orders will also be admissible to the eligible employees of Central Para Military Forces and Armed Forces. The orders will be deemed to be extended to the employees of Union Territory Administration which follow the Central Government pattern of emoluments and are not covered by any other bonus or ex-gratia scheme.

2. The benefit will be admissible subject to the following terms and conditions:-
(i) Only those employees who were in service as on 31.3.2015 and have rendered at least six months of continuous service during the year 2014-15 will be eligible for payment under these orders. Pro-rata payment will be admissible to the eligible employees for period of continuous service during the year from six months to a full year, the eligibility period being taken in terms of number of months of service (rounded off to the nearest number of months);

(ii) The quantum of Non-PLB (ad-hoc bonus) will be worked out on the basis of average emoluments/calculation ceiling whichever is lower. To calculate Non-PLB (Ad-hoc bonus) for one day, the average emoluments in a year will be divided by 30.4 (average number of days in a month). This will thereafter be multiplied by the number of days of bonus granted. To illustrate, taking the calculation ceiling of monthly emoluments of Rs. 3500 (where actual average emoluments exceed Rs. 3500/-, Non-PLB (Ad-hoc Bonus) for thirty days would work out to Rs. 3500×30/30.4=Rs.3453.95 (rounded off to Rs.345%)
(iii) The casual labour who have worked in offices following a 6 days week for at least 240 days for each year for 3 years or more (206 days in each year for 3 years or more in the case of offices observing 5 days week), will be eligible for this Non-PLB (Ad-hoc Bonus) Payment. The amount of Non-PLB (ad-hoc bonus) payable will be (Rs.12oox30/30.4 i.e.Rs.1184.21 (rounded off to Rs.1184/). In cases where the actual emoluments fall below Rs.1200/- pm, the amount will be calculated on actual monthly emoluments.
(iv) All payments under these orders will be rounded off to the nearest rupee.
(v) The clarificatory orders issued vide this Ministry’s OM No.F.14 (10)-E. Coord/88 dated 4.10.1988, as amended from time to time, would hold good.
3. The expenditure on this account will be debitable to the respective Heads to which the pay and allowances of these employees are debited.

4. The expenditure to be incurred on account of Non-PLB (Ad-hoc Bonus) is to be met from within the sanctioned budget provision of concerned Ministries/Departments for the current year.

5. In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these orders are issued in consultation with the Comptroller and Auditor General of India.
(Amar Nath Singh)
Deputy Secretary to the Govt. of India
Authority: www.finmin.nic.in
Click to view the order inAd-hoc-bonus-order-2015-Hindi and Ad-hoc-bonus-order-2015-English

Tamilnadu Government Employees get 6% DA Increase effective 1st July 2015

Tamilnadu Government DA Tamilnadu State Government  Employees get 6% DA Increase effective 1st July 2015 – The Government of India vide in its Office Memorandum, No. 1/3/2015-E-II (B), dated. 23rd September 2015, has now enhanced the Dearness Allowance to its employees from 113% to 119% with effect from 1 July, 2015.

The Tamil Nadu Government, vide G.O.Ms.No.121, Finance (Allowances) Department, dated 22 April 2015, issued orders revising rate of Dearness Allowance, 113 per cent of Pay plus Grade Pay to State Government employees from the 1st of January 2015.
The Government of India vide in its Office Memorandum, No. 1/3/2015-E-II (B), dated. 23rd September 2015, has now enhanced the Dearness Allowance to its employees from 113% to 119% with effect from 1 July, 2015.

Following the orders issued by the Government of India, the Tamil Nadu Government sanction the revised rate of Dearness Allowance to the State Government employees as indicated below :
  • 119 per cent of Pay plus  Grade Pay – From 1 July, 2015
Tamil Nadu – Enhanced Rate of DA from 1st July 2015 – The Treasury Officers / Pay and Accounts Officers shall make payment of the revised Dearness Allowance when bills are presented without waiting for the authorization from the Principal Accountant General (A&E), Tamil Nadu, Chennai-18.

The revised Dearness Allowance sanctioned in this order shall also apply to the teaching and non-teaching staff working in aided educational institutions, employees under local bodies, employees governed by the University Grants Commission/All India Council for Technical Education scales of pay, the Teachers/Physical Education Directors/Librarians in Government and Aided Polytechnics and Special Diploma Institutions, Village Assistants in Revenue Department, Noon Meal Organisers, Child Welfare Organisers, Anganwadi Workers, Cooks, Helpers, Panchayat Secretaries/Clerks in Village Panchayat under Rural Development and Panchayat Raj Department and Sanitary Workers drawing special time scale of pay.

The expenditure shall be debited to the detailed head of account `03. Dearness Allowance’ under the relevant minor, sub-major and major heads of account.

The Treasury Officers / Pay and Accounts Officers shall make payment of the revised Dearness Allowance when bills are presented without waiting for the authorization from the Principal Accountant General (A&E), Tamil Nadu, Chennai-18.

Read Order No.1 Issued today (16th Oct, 2015) :  http://cms.tn.gov.in/site/fin_e_262_2015.pdf
Read Order No.2 Issued Today (16th Oct, 2015) :  http://cms.tn.gov.in/gos/fin_e_263_2015.pdf

Source: TN Govt.in

6% additional DA to Armed Forces Officers and Personnel Below Officer Rank including Non-Combatants (Enrolled) – Orders issued


6% additional DA to Armed Forces

6% additional DA to Armed Forces Officers and Personnel Below Officer Rank including Non-Combatants (Enrolled) – Orders issued

Payment of Dearness Allowance to Armed Forces Officers and Personnel Below Officer Rank including NCs(E) – Revised rates effective  from 1st July, 2015

F.No.1(2)/2004/D (Pay/Services)
Government of India
Ministry of Defence
New Delhi, the 6th October 2015

To
The Chief of the Army Staff
The Chief of the Air Staff
The Chief of the Naval Staff

Subject: Payment of Dearness Allowance to Armed Forces Officers and Personnel Below Officer Rank including NCs(E) – Revised rates effective. from 1st July, 2015.

Sir,
I am directed to refer to this Ministry letter No.1(2)/2004/D (Pay/Services) dated 16th April, 2015 on the subject cited above and to say tat the President is pleased to decide that the Dearness Allowance payable to Armed Forces Officers and Personnel Below Officer Rank, including Non-Combatants (Enrolled), shall be enhanced from the existing rate of 113% to 119% with effect from 1st July, 2015

2. Tha provisions contained in paras 2, 4 and 5 of this Ministry’s letter No.1(2)/2004/D (Pay/Services) dated 25th September 2008 shall continue to be applicable while regulation Dearness Allowance under these orders.

3. The additional instalment of DA payable under the orders shall be paid in Cash to all Armed Forces Officers/ PBORs including NCs(E).

4.This letter issues with the concurrence of Finance Division of this Ministry vide their Dy. No.330-PA dated 06.10.2015 based an Ministry of Finance (Department of Expenditure)) O.M. No.1/3/2015-E-II (B), dated 23rd September 2015.
Yours faithfully,
sd/-
(Prashant Rastogi)
Under Secretary to the Government of India
Authority: www.cgda.nic.in
Click to view the order in Hindi

Assets under Management (AUM) of National Pension System (NPS) crosses Rs. 1 lac crore: PFRDA Press Release

Assets under Management (AUM) of National Pension System (NPS) crosses Rs. 1 lac crore: PFRDA Press Release
 
PENSION FUND REGULATORY AND DEVELOPMENT  AUTHORITY

PRESS RELEASE
Assets under Management (AUM) of National Pension System (NPS) crosses Rs. 1 lac crore
NPS has been implemented for all Government Employees (except armed forces) joining Central Govt. on or after 01 January 2004. Most of the State/UT Governments have also notified the National Pension System (NPS) for their new employees. NPS has been made available to every Indian Citizen from 01st May 2009 on a voluntary basis.

Further, from 1st June 2015, the Atal Pension Yojana, has been launched which has given the much required impetus to the social security schemes Currently, NPS and APY together have more than One Crore subscribers with total Asset Under Management (AUM) of Rs.1,00,275 crores. The segment wise status of the NPS and APY as on 03.10.2015 is as under:

Segment No. of Subscribers Asset Under Management (Rs. Cr.)
Central Government 15,71,136 32,381
State Governments 27,74,459 49,974
NPS-Private Sector 5,24,143 7,943
NPS-Lite/Swavalamban 44,67,733 1,865
Atal Pension Yojana (APY) 7,94,467 112
Total 1,01,31,938 1,00,275
 
PFRDA has taken various steps at the policy as well as operational level to make NPS more subscriber friendly. In addition to this additional tax benefits made available exclusively to NPS has given a fillip to the scheme. This is further expected to result into a substantial increase in the subscriber base by end March 2016.
 
The following steps have been taken in the recent past for the convenience of the subscriber:
  •  The investment guidelines for NPS have been revised to expand the investment avenues for optimisation of the returns.
  •  Partial withdrawal upto 25% of subscriber’s own contribution for specific purposes like higher education of children, marriage of children, construction of house and specified illness have been allowed to the NPS subscribers after completion of 10 years in NPS.
  • NPS Private Sector subscribers can continue contributing beyond 60 years upto 70 years of age.
  • NPS Subscriber can defer the withdrawal of lumpsum amount upto the age of 70 years and also have the option to defer purchase of annuity upto 3 years from the date of superannuation or 60 years. The funds during this period remain invested in the system.
  • The Statement of Transactions (SOT) being sent by CRA to the existing subscribers has been modified to reflect the returns of the individual subscriber since the date of account opening and also the return generated during the last financial year.
  •  To facilitate and operationalize the deposit of additional contribution of Rs.50,000/- to avail of the additional tax benefit under Section 80 CCD(1B), Government Subscribers already covered under NPS have been provided the facility to deposit voluntary contributions in their Tier I account through any POPSP. Government employee covered under old pension scheme can also avail this tax benefit by opening individual Tier I account through any POP-SP and contributing to the same.
  •  Online reset of password and facility to change mobile no. and email Id have been provided to all the NPS subscribers.
SMS alerts on balances in the NPS account being sent to the subscribers on quarterly basis, in addition to regular monthly alerts on contribution and other changes in the PRAN.
 
APY scheme provides minimum Govt guaranteed monthly pension to subscribers ranging from Rs 1000 to Rs 5000. Further, Govt. of India also co-contributes 50% of the total contribution made by a subscriber during a financial year subject to maximum of Rs 1,000/- per annum for a period of five years, if eligible subscribers open the account by 31st December 2015. All Indian Citizens, in the age group of 18-40 years are eligible to join the scheme through any bank branch. About 8 lakh subscribers have joined APY till date.
 
Source: PFRDA
[http://pfrda.org.in/WriteReadData/Links/Approved%20Press%20Release%20Milestone%20of%201%20lac%20crores%208d3ccf28-4a6e-44e4-91ad-61e1edfa08d8.pdf]

Referring the proposals for continuation of posts to Department of Expenditure: FinMin Order

Referring the proposals for continuation of posts to Department of Expenditure: FinMin Order
No. 7(3)/E.Coord-1/2015
Government of India
Ministry of Finance
Department of Expenditure
Dated, the 11th September, 2015
 
Office Memorandum

Subject: Referring the proposals for continuation of posts to Department of Expenditure-reg.
 
Reference is invited to this Department's OM No. 7(2)-E.Coord/95 dated 30.05.1995 regarding procedure for continuation/ creation of high level posts. Some Ministries/ Departments have sought clarification from this Department whether proposals for continuation of posts below JS level also require approval of this Department.
2. The matter has been considered in this Department and with the approval of Competent Authority it has been decided that, henceforth, proposals only for continuation of JS and above level posts may be referred to this Department with the approval of IFD. So far as posts below JS level are concerned, the continuation of such posts may be decided by the Department, in consultation with integrated Financial Division.
3- It is, however, clarified that if the said posts are vacant and have come into 'deemed abolition' category, they would need to be referred to this Department as per extant instructions for revival.
 
sd/-
(Ravi Katyal)
Dy. Secretary
Source: http://finmin.nic.in/the_ministry/dept_expenditure/notification/misc/proposal_continuationPost11092015.pdf

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