Provision for 7th Pay Commission in Budget 2015-16

Provision for 7th Pay Commission in Budget 2015-16 The Budget is also gravely silent on fund allocations for the Seventh Pay Commission award, due for implementation in 2016.  The budgetary documents are stressing upon likely burden from the report of the 7th Pay Commission.  However the funds are allocated for Commission'ss establishment.  The extract of budgetry documents which are related to 7th CPC are mentioned below:- Speech of Finance Minister - Heading Fiscal Roadmap para 23:- Budget  2015-2016 Speech  of Arun...

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Grant of Night Duty Allowance on the basis of actual salary of 6th CPC

Grant of Night Duty Allowance on the basis of actual salary of 6th CPC An All India Federation of Defence Workers, BPMS has published the message about the current status of Night Duty Allowance in Ordnance Factories. Grant of Night Duty Allowance on the basis of actual salary of 6th CPC Contempt Petition No. 200/2014 arising out of O.A. No. 2017/2014 Shri Arving Girija Sing & Ors Vs Union of India & Ors was heard by Hon’ble Mumbai Bench of CAT on 23.02.2015 and after hearing both sides Hon’ble CAT disposed of the...

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Pensioners Portal provides a platform for retiring Central Govt Employees to showcase commendable work done during service

Pensioners Portal provides a platform for retiring Central Govt Employees to showcase commendable work done during service “Pensioners Portal is in the process to providing a platform for retiring Central Govt Employees to showcase commendable work done during serivce. It is envisaged that this would provide satisfaction to the retiring employee and also act as a motivator for serving employees. This would also be a wonderful opportunity to garner the resource of retiring employees for voluntary contribution to nation building post...

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No Corporatization of Ordnance Factories: Defence Minister Assured BPMS

No Corporatization of Ordnance Factories: Defence Minister Assured BPMS D.O.No.737/vip/RM/2015 MINISTER OF DEFENCE INDIA 7th Feb, 2015 Dear Shri MP Singhji, I am in receipt of your Letter dated 2nd January, 2015 expressing your apprehension about corporatisation of Ordnance Factories and purchase of Bullet Proof Jackets from the private sector. I would like to inform you that at present there is no proposal from Ministry of Defence for corporatizing Ordnance Factories. However, it is imperative to strengthen...

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Government wants to encourage Bank Boards to restructure their business strategy…

Government wants to encourage Bank Boards to restructure their business strategy and also suggest way forward for their consolidation and merger with other banks if it is win-win for both Banking Reforms Performance of Public Sector Banks has remained sub-optimal so far. The Government is taking various steps to improve the situation both on governance side and otherwise. The focus of these reforms is to improve the quality of deliberations in bank boards, leading to better asset quality and further resulting in better market valuations. What...

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PRESS STATEMENT of CITU on ANNUAL BUDGET 2015-16

PRESS STATEMENT of CITU on ANNUAL BUDGET 2015-16 ANNUAL BUDGET 2015·16 : DECEPTION AND LOOT ON COMMON PEOPLE The Annual Budget presented today by Modi Govt is an articulation of anti-people and pro-corporate bias camouflaged by so called pro-people rhetoric. May be it is now the time for them to reciprocate for the total patronage, both in materials and otherwise, from the big-business lobby, both domestic and foreign at the time of last General Elections. But the Irony is that after assuming power at the centre, the NDA combine got...

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PRESS STATEMENT of CCGEW on BUDGET 2015

PRESS STATEMENT of CCGEW on BUDGET 2015 CONFEDERATION OF CENTRAL GOVT. EMPLOYEES & WORKERS 1st Floor, North Avenue PO Building, New Delhi – 110001 Website: www.confederationhq.blogspot.com Email: confederationhq@gmail.com President K. K. N. Kutty 09811048303 Secretary General M. Krishnan 09447068125 Dated: 28th Feb. 2015. PRESS STATEMENT – Budget 2015-16. The Budget of Modi Government for the year 2015-16 presented today to the Parliament by the Finance Minister, Shri. Arun Jaitley belied all expectations of the poor people...

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Uploading of Notified Recruitment Rules of various posts under each Ministry/Department

Uploading of Notified Recruitment Rules of various posts under each Ministry/Department G.I., Dept. of Per. & Trg., O.M.No.AB-14017/61/2008-Estt.(RR), dated 27.2.2015 Subject : Uploading of Notified Recruitment Rules of various posts under each Ministry/Department. It has come to the notice of this Department that  Ministries/Departments are not uploading the notified Recruitment Rules of various posts in the Ministry Department on their official website. To bring greater transparency and to allow the prospective...

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Postal Network Spread Across the Country to be Used for Increasing Access to Formal Financial System

Postal Network Spread Across the Country to be Used for Increasing Access to Formal Financial System The Finance Minister, Shri Arun Jaitely presenting the Union Budget 2015-16, here today, said that the government is committed to increasing access of the people to the formal financial system. In this context, Government proposes to utilize the vast Postal network with nearly 1,54,000 points of presence spread across the villages of the country . The Minister hoped that the Postal Department will make its proposed Payments Bank venture...

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Employees Under the Employees Provident Fund(EPF) to be Provided two Options

Employees Under the Employees Provident Fund(EPF) to be Provided two Options The Union Finance Minister Shri Arun Jaitley has announced that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the employee may opt for EPF or the New Pension Scheme (NPS). Secondly, for employees below a certain threshold of monthly income, contribution to EPF should be optional, without affecting or reducing the employer’s contribution. He said, with respect to ESI, the employee should have the option...

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