Analysis on 7th Pay Commission bunching Benefit discussed in Para 5.1.36 and Para 5.1.37 of 7th Pay Commission report – Pay in Grade Pay of Rs. 5400, 6600, 7600 and 8900 will be entitled to additional increment as bunching benefit
Here are some areas of 7th Pay Commission report which are much beneficial to Central Government Employees. If Govt accepts these recommendations as such overall compensation package of Central Government Employees will be more attractive.
LTC – DoPT guidelines for Central Civil Services (Leave Travel Concession) Rules, 1988 – Fulfillment of procedural requirements.
Revision of Defence Pension under OROP will be applicable with effect from 01.07.2014 – Arrears of Pension out of OROP would be paid in 4 equal installments
Based on inflationary pressure in the previous months it was predicted that there is a chance of DA from January 2016 touching 126% if AICPI-IW for December 2015 reaches 272. However, CPI-IW for December 2015 is 269 which one point lower than previous month. Here is an analysis of DA from January 2016 and 7th Pay Commission Fitment Formula
Income Tax Circular No. 20/2015 dated 02.12.2015 provides detailed instructions and guidelines for all provisions of income tax act which are applicable to Salaried Employees
Detailed guidelines for Central Government Employees for availing Leave Travel Concession. Govt also fixes time limit for processing LTC application and LTC claims by Administration in order to avoid delay
Expected DA from January 2016 and its impact on 7th Pay Commission Pay fixation formula and Multiplication Factor – If CPI-IW for December reaches 272 then 7th Pay Commission multiplication factor will have to be revised to 2.58
Comparison of pay and allowances of Bank Employees which was revised under 10th BPS and 7th pay commission proposed pay and allowances of Central Government Employees
7th Pay Commission has recommended the pay fixation methods in pay matrix with use of many illustrations. At the time of annual increment also pay matrix is being used
Minutes of 5th Meeting of National Anomaly Committee under the Chairmanship of Joint Secretary held on 29th May, 2015 and 9th June 2015 have been released by DOPT. Discussion on MACP, LDCE, GDCE scheme, pay hike, Pay parity etc are held.
Government is likely to hike Bonus from the current ceiling of Rs 10,000 (basic + DA) per month to Rs 21,000 (basic + DA) a month. Agenda is to be taken up in the forthcoming Cabinet Meet.
Railway Employees who has to submit Assets and Liabilities under Lokpal Act may submit their return on or before 15.04.2016. Railway Board has issued order in line with DoPT orders. Public Servants have to furnish Information of Assets and Liabilities as per Lokpal Amendment Rules, 2014
BSNL mobile subscribers will soon be able to avail free calling benefits offered on their landline phone as the state run firm is going to roll out a convergence platform that will sync subscribers’ mobile and fixed line connections.
As of now, the first payment of pension after retirement gets delayed mainly due to two reasons i.e. (i) due to delay in receipt of intimation by the pensioner that pension papers have reached the PDAs and (ii) due to delay on the part of the pensioner in approaching the bank for submission of undertaking/non-re-employment/re-employment certificate