Implementation of One Rank One Pension Scheme – Defence Minister replied in Parliament

Implementation of One Rank One Pension Scheme The principle of One Rank One Pension for the Armed Forces has been accepted by the Government. The modalities for implementation have been discussed with various stakeholders and are presently under consideration of the Government. It will be implemented once the modalities are approved by the Government. This information was given by Minister of State for Defence Shri Rao Inderjit Singh in a written reply to Shri Avinash Rai Khannain Rajya Sabha toda...

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FDI in Defence Sector – Introduction of FDI in the defence sector

FDI in Defence Sector – Introduction of FDI in the defence sector FDI in Defence Sector The Government vide Press Note 7 of 2014 Series dated 26.08.2014 has notified revised FDI Policy in defence Sector, according to which FDI upto 49% is allowed in the sector through Government route and above 49% through approval of Cabinet Committee on Security (CCS) on case-to-case basis, wherever it is likely to result in access to modern and state-of-the-art technology in the country. Further, FDI in Defence Sector is subject to obtaining Industrial...

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Malpractices in Recruitment of Soldiers

Malpractices in Recruitment of Soldiers From time to time Defence Civilian employees have been raising the demands that they should be granted Field Area allowance and Modified Field Area allowance as applicable to the service Personnel and for providing other allowances like Aeronautical Technical Allowance, Airworthiness Certificate Allowance, Flight Charge Certificate Allowance etc. at par with technical defence personnel. It has not been found feasible to accept these demands as the job requirements and service conditions of Service...

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National Commission for Ex-Servicemen – Setting up of Veterans Commission

National Commission for Ex-Servicemen – Setting up of Veterans Commission Setting up of Veterans Commission In pursuance of Hon’ble President’s statement made in the joint session of parliament on 9th June, 2014 regarding Government’s decision to appoint a Veteran Commission, the National Commission for Ex-Servicemen Bill, 2015 has been drafted in order to set up the National Commission for Ex-Servicemen. The comments of Department of Legislative Affairs have been obtained on the Bill and the follow-up action is being taken in accordance...

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New Pension Scheme in Railways may be scrapped

New Pension Scheme in Railways may be scrapped New Pension Scheme in Railways may be scrapped, It is expected that Railway Minister may announce this during his budget speech. If this happens this will be a great news for young railway employees who have been appointed after 01.01.2004. Please read this news paper report published in dainik jagran:- Source: http://www.govemployees....

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IBA Official Minutes of meeting dated 23.02.2015 for 10th Bipartite Wage Revision – Bank Wage Revision from 01.11.2012

Indian Banks’Association Minutes of the discussions held on 23rd February 2015 between IBA representing  Management of banks which are parties to the Bipartite settlement and  Workmen Unions and Officers Associations on wage revision Discussions were held between the Indian Banks’Association representing Managements of banks and the authorized representatives of Workmen Unions and Officers Associations on wage revision for officers in banks. After holding several rounds of discussions, the parties have mutually agreed...

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MoU Signed Between Indian Army and State Bank of India on the Defence Salary Package

MoU Signed Between Indian Army and State Bank of India on the Defence Salary Package Press Information Bureau Government of India Ministry of Defence 23-February-2015 MoU Signed Between Indian Army and State Bank of India A Memorandum of Understanding (MoU) was signed between the Indian Army and State Bank of India (SBI) on the Defence Salary Package on 23 Feb 2015. The signing in ceremony was chaired by the Adjutant General, Lt Gen Rakesh Sharma and was attended by top dignitaries of SBI Bank, headed by Dr Vaidyan MG, Dy...

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Second and fourth Saturdays will henceforth be holidays for banks. The remaining Saturdays in a month will be full working days

Second and fourth Saturdays will henceforth be holidays for banks. The remaining Saturdays in a month will be full working days This was one of the agreements arrived at the meeting of the Indian Banks’ Association with associations of bank employees and staff in Mumbai on Monday. The agreement, primarily settling the long pending negotiations over the wage revision, led to the United Forum of Banking Unions (UFBU) deferring its four day strike plan later this month. “It is a balancing act,” UFBU (Andhra Pradesh and Telangana)...

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Bank Employees to get 15% increase in wages – Strike from 25th Feb called off – 10th Bipartite Wage Settlement

Bank Employees to get 15% increase in wages – Strike from 25th Feb called off – 10th Bipartite Wage Settlement  PSU bank employee unions withdraw strike call, settle wages: Economic Times NEW DELHI: Employee unions of public sector banks today withdrew their strike call following an agreement with the management on 15 per cent wage hike. “In today’s talks, wage revision settled at 15 per cent with effect from November 2012,” United Forum of Bank Unions (UFBU) Convener M V Murali said. The bank unions had threatened to go...

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