Saturday, 18 March 2017

Expected DA: 4% of 7th CPC Basic Pay as DA from Jan 2017


Expected DA: 4% of 7th CPC Basic Pay as DA from Jan 2017

7thCPC-basicpay-expected-da


"The central cabinet has given its approval for issuing additional Dearness Allowance of 2% from July 1, 2017 onwards."

Including the additional 2% DA announced earler by the Central Government, DA will be 4% of the 7th CPC basic pay from Jan 2017 for Central Government Employees.

With the Confederation of Central Government employees announced a nationwide day-long strike on 16th March 2017, the go
vernment announced an additional Dearness Allowance of 2 percent a day before on 15th March 2017.
The employees believe that the announcement was made much earlier. Even last year, the cabinet issued its approval for the second installment of July only on October 27. The Ministry of Finance issued the Government Order on November 4. But this time, in an unexpected and surprising move, the Dearness Allowance is announced much before its due time. The payment of Dearness Allowance will be issued to all categories of Central Government employees only after the Ministry of Finance issues an Office Memorandum.

Brief of meeting held on 17.03.2017 : AIRF


Brief of meeting held on 17.03.2017 : AIRF

All Affiliated Unions

Dear Comrades!

Sub: Brief of the meeting held today with Hon'ble MR

A meeting was held today with Hon'ble Minister for Railways in the Parliament House, on the issue of withdrawal of Railway Board’s orders dated 30.01.2017, in a very cordial manner, wherein Hon'ble MR assured the federations that, he would take decision in this regard at his own. Hon'ble Minister for Railways has also called a meeting in this regard on 21/22 March, 2017.

Though this meeting may go on, you are advised to hold demonstrations, dharnas, gate meetings etc. at the Divisional and Extra Divisional Offices in a befitting manner.

We are also getting reports of 16th March, 2017 agitational programmes from our affiliates in the Railway Zones, which are quite encouraging, and we hope, the same enthusiasm will continue.

Source: AIRF

7th Pay Commission : From Higher Allowance to Implementation where does the story Stands


7th Pay Commission : From Higher Allowance to Implementation where does the story Stands

7th Pay Commission : On Friday senior officials of Union Cabinet were expected to meet members of the panel over Higher Allowance and National Pension Scheme (NPS).

However sources indicate that the meeting did not take place.

As almost a year has passed, we try to figure out where does the story of 7th Pay Commission stand today. The panel was constituted a day after the implementation of the 7th Pay Commission recommendations.
This panel on the higher allowance, named 'Committee on Allowance' was also expected to make a major announcement on Friday following the submission of the report to the government. However that too didn’t happen.

As we all know, Prime Minister gave the nod for an additional 2 per cent increase in Dearness Allowance(DA) for all Central Government employees. Moreover, along with the DA, for pensioners, the Dearness Relief (DR) has been increased by 2 per cent with effect from January 1, 2017.

While reports claim that the increasing of the Dearness Allowance has benefited 48.85 lakh employees and 55.51 lakh pensioners, the central Government employees are now concerned about the Committee on Allowance’s decision.

But more importantly, although the DA has been hiked, the Committee headed by Finance Secretary Ashok Lavasa is yet to submit the reports on other allowances, which were also scheduled to be increased once the 7th Pay Commission was implemented.

However, the National Joint Council of Action (NJCA) on behalf of the Central Government employees expressed their dissatisfaction over the hiked 2% DA and said it should have been increased by at least 3%.

April 1, 2017, was the rumoured date for implementing the allowance hike but now that the report has not yet been submitted, it seems the rumour is to stay as it is.

Following this, the NJCA has warned of dire consequences if the Centre fails to implement the allowance hike from April 1.

Source: India.com

Parliamentary Panel for shifting fiscal year to January-December


Parliamentary Panel for shifting fiscal year to January-December

New Delhi: India should shift to the January - December financial year by ending the decades old tradition of April - March fiscal introduced by the British, a Parliamentary Panel said today.

The present system was adopted by the Government of India in 1867 principally to align the Indian financial year with that of the British government. Prior to 1867, the financial year in India used to commence on May 1 and end on April 30 of the following year.

Criticising the Finance Ministry for "hastening" the exercise of Budget presentation, the Standing Committee on Finance, chaired by Congress MP M Veerappa Moily, said "greater preparation and adequate groundwork should have been made" before preponing Budget by a month.

"The Committee would thus expect a more thorough exercise next year onwards. Keeping in view the above constraints, the Committee would suggest that the financial year may also be correspondingly shifted to calendar year and the budget date be further advanced correspondingly," it said.

It concurred with the government's decision to advance budget date to end financial business of the government before March 31 so that the respective ministries are able to spend their allocated money from the beginning of the financial year.

Ending the decades old practice of presenting Union Budget on the last working day of February, the government presented the Budget for 2017-18 on February 1.

"The Committee, however, finds that shifting the Budget by one month leads to non-availability of comparative data for almost a quarter and in the process the utilisation of funds, achievement of physical and financial targets cannot be determined," the report said.

The government had last year appointed a high-level committee to study the feasibility of shifting financial year to January 1 from the current practice of starting the fiscal from April 1. The panel submitted its report to the Finance Minister in December.

A Niti Aayog panel, headed by its member Bibek Debroy, had also reportedly favoured following the calendar year as the financial year.

A change in financial year would require amendments in various statutes and changes in tax laws during the transitional period.

The Standing Committee also highlighted “inconsistencies” in budget allocation and occurrence of wide variations between the budget estimates and actuals of various departments.

Giving instances of inconsistent budgeting and recurring occurrences of wide variation between the budget estimates, revised estimates and actuals, it said the budgetary exercise should have been done with greater due diligence.

"The Committee would once again urge that the standard rules and guidelines may be strictly applied and if required, objective parameters may be devised for this purpose so as to avoid inconsistencies and mismatch in their estimates in future and put forth realistic and need based demands," it said.

PTI

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