Friday, 19 February 2016

Summary report of NJCA Meeting with 7th Pay Commission implementation Cell will be forwarded to the Empowered Committee soon

Summary report of NJCA  Meeting with 7th Pay Commission implementation Cell will be forwarded to the Empowered Committee soon

summary-report-NJCA-meeting-7thCPC

Latest 7th CPC News: Outcome of NJCA Meeting with 7th Pay Commission implementation Cell

Sources Close to the NJCA told that Meeting with 7th Pay Commission Implementation Cell took place as scheduled today.

Joint Secretary, Department of Expenditure, 7th Pay Commission Implementation Cell, represented the Government. It is told that the meeting of NJCA with 7th Pay Commission Implementation Cell continued for three Hours

Justification for 26 demands submitted by NJCA to Cabinet secretary has been summarized before the Joint Secretary, Implementation Cell. Various Issues including revising Fitment Formula, Increasing Minimum Pay, Revising Allowances, restoring Advances with increased rates and granting two increment on Promotion, increasing the rate of increment to 5% have been discussed in detail. Suitable justification was given by NJCA to establish their claims on these demands are reasonable.

It seems that the Points put by NJCA is well taken by the 7th CPC Implementation Cell and the same will be forwarded to Empowered Committee. It is told that the Empowered Committee headed by Cabinet Secretary will invite NCJCM Staff Side to discuss and finalize the issues discussed in this Meeting. After that It will be sent to Cabinet for its nod.

The summary report of this Meeting will be forwarded to the Empowered Committee soon. It is considered as a positive development towards the implementation of 7th Pay Commission recommendations with taking into consideration of NCJCM Staff Side Views.

Loans and Advances by the Central Government – Interest rates and other terms and conditions

Loans and Advances by the Central Government – Interest rates and other terms and conditions

MOST IMMEDIATE
F.No.5(3)-B(PD)/2015
Government of India
Ministry of Finance
Department of Economic Affairs
New Delhi, the 3rd February, 2016
OFFICE MEMORANDUM
Subject:- Loans and Advances by the Central Government – Interest rates and other terms and conditions.

Reference this Ministry’s Office Memorandum F.No.5(3)-B(PD)2014 dated 29th December, 2014 on the captioned subject.

2. The lending rates, categories and conditions prescribed in the
aforesaid Office Memorandum have been reviewed. The revised rates of interest, categories and conditions as given in the Table below, would be applicable from 1st April, 2015 and till the time these are reviewed:

S.No Category of borrower & type of loan Interest rate per cent per annum
1. State Governments:* 8.50
2. Union Territory Governments (with Legislature):

(i) Loans upto 1 year and EAP loan 8.50

(ii) Other Loans 9.00
3. Industrial and Commercial Undertakings in the Public Sector and Cooperatives.

(i) Investment loans # -

(ii) Working Capital loans and loans to meet Cash losses # -

(iii) Loans for implemantation of VRS in sick PSUs 10.00
4. Financial institutions in the Public Sector, Port Trusts, KVIC, NHAI, Municipal Corporation of Delhi,Commodity Boards, Social Service Institutions, Individuals, etc. @
5. National Bank for Agriculture and Rural Development (NABARD) 9.50
* Loans to State Government would be under EAP loans only. For Ways & Means loans, State Govts. have access to RBI window. In case any State has any specific contingent requirement, the proposal would be considered on case specific basis by Budget Division.

# The window of investment and working capital loan to CPSUs from Government of India in general, is hereby closed. CPSUs, in general, are hardly having debt and hence should raise debt from market or from banks. Only if CPSU is justified as significant from ‘Strategic’/ ‘Security’ angle, banks refuse loan to it and it has no real assets including land, to monetise, would loan be extended to it at 11% with the prior approval of Budget Division. However, wherever Investment and Working Capital loan has already been extended to CPSUs in 2015-16, the rate of interest would be at 11.50% and 13.50% respectively.

@The window pertaining to loans to Financial Institutions in the Public Sector, Port Trusts, KVIC, NHAI, Municipal Corporation of Delhi, National Co-operative Development Corporation (NCDC), Commodity Boards, Social Service Institutions, Individuals etc. in general, is hereby closed seeing the offtake under this in last 3 financial years. However, if a specific case still comes in future, it
would be examined by the Budget Division, DEA on merits of that case.

3. The terms, including interest rate of loans to Foreign Governments may be settled in consultation with Budget Division. Terms for on-lending of funds under externally aided projects should be in accordance with the prescribed pattern. In case, deviation is considered necessary, Budget Division should be consulted.
4. The interest rates prescribed above assume timely repayments and interest payments and hence no further rebate in rates is to be allowed for timely payments.

5. OTHER TERMS AND CONDITIONS
(a) The loan sanctioning authority should meticulously follow the instructions contained in General Financial Rules, 2005 (GFR 2005), particularly, rules framed under Chapter 9 (II-LOANS) of GFR, 2005, while sanctioning loans to various entities as stipulated therein.

(b) The instructions issued from time to time have been reviewed and are set out in the following paragraphs for facility of reference.
Click to read more: Finmin.nic.in

Advances to Government servants – Rate of interest for purchase of conveyances during 2015-2016

Advances to Government servants – Rate of interest for purchase of conveyances during 2015-2016
advances-rate-of-interest-government-servants

F.No. 5(2)-B(PD)/2015
Government of India
Ministry of Finance
Department of Economic Affairs


New Delhi, the 3rd February, 2016


OFFICE MEMORANDUM


Subject : Advances to Government servants — Rate of interest for purchase of conveyances during 2015-2016.

The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2015-2016 i.e. from 1st April, 2015 to 31st March, 2016 are as under:
    Rate of interest
per annum
(i)     Advance for purchase of conveyance other than motor car (viz. motor cycle, scooter etc.)     9%
(ii)     Advance for purchase of motor car     11.5%

The rates remain unchanged from those applicable for the financial year 2014-15.

(A.K. Bhatnagar)
Under Secretary (Budget)

To
1. All Ministries/Departments of the Government of India with spare copies for Integrated Finance Division (IFD), Controller of Accounts and Pay and Accounts Offices.

2. Finance Secretaries of UTs without legislature.

Copy forwarded to:—
1. C&AG of India, New Delhi.
2. C.G.A., New Delhi.
3. C.G.D.A., New Delhi.
4. All AGs and Director of Accounts.
5. Supreme Court of India.
6. UPSC, New Delhi.

Official Order

Government announced the Leave Travel Concession (LTC) rules for easy settlement of the LTC claims

Government announced the Leave Travel Concession (LTC) rules for easy settlement of the LTC claims

The amended Office Memorandum No.31011/3/2015-Estt(A.IV) seek to ease the procedural difficulties faced by government employees while applying for and settling LTC claims.

Setting outer time-limits for various LTC procedures, the DoPT today said leave or sanction of LTC leave advance would take no more than five days each. This would be extendable by three days where the government employee is away for the headquarters.

Besides, the administration will take no more than 10 days (13 where the employee is away from headquarters) to verify LTC claims after the LTC bill is submitted by the government employee.

The government also proposes to allow its employees to self-certify their proposed LTC journey. Under existing CCS (LTC) Rules, government employees are required to inform their controlling officer before the journey on LTC is to be undertaken.

Also, whenever a government employee applies for LTC, he /she may be provided with a copy of the guidelines to be followed while availing of the concession.

A government servant is allowed to avail of LTC once in a block of two years to visit his/her hometown, while LTC to any place in India can be availed once in a four-year block. If not availed during these blocks, the LTC may also be availed in the first year of the following block.

Latest developments in 7th pay commission implementation will be known after NJCA meeting

Latest developments in 7th pay commission implementation will be known after NJCA meeting

Internal Meeting of NJCA is postponed to tomorrow

One of the NJCA Leader told that the internal Meeting of NJCA scheduled to be held today at 05.00 PM has been postponed tomorrow 19-2-2015 at 9.00 AM.

Further he added that until they meet Implementation Cell tomorrow, they have nothing to tell about the developments in Implementation of 7th Pay Commission. “We must first know the views of Central Government before come to any conclusion “ he said.

When we asked him about the Rumors that ‘PMO has told the Empowered Committee to speed up the process of implementation of 7th Pay commission recommendation’ and ‘30 Percent increase is recommended by Empowered Committee in Basic Pay’, annoyed at hearing this rumors, he told, “Many stories like this is being circulated in News Media for unknown reasons.”

“But we are the Stake holders, we are not informed anything about this development. We are invited for the meeting tomorrow by 7th CPC implementation Cell. Only after attending the meeting, we will be able to tell about the recent developments in settling our Charter of Demands submitted to Cabinet Secretary. 26 demands pertaining to Modification of 7th CPC recommendation also has been included in the Charter of Demands” He added.

Source: govtstaffnews.in

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Central Government Employees Memes Exact Situation!

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