Centre notifies hike in dearness allowance to 119%

Centre notifies hike in dearness allowance to 119% New Delhi: Centre notified its decision to raise dearness allowance (DA) to 119%, from 113%, benefiting 50 lakh central government employees and 56 lakh pensioners including dependents. The union cabinet had decided on 9 September, to release an additional instalment of DA and dearness relief (DR) to pensioners with effect from 1 July 2015. Thus, the central government employees as well...

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DA Order July 2015 – Finmin issued orders for the payment of DA at 119% from 1.7.2015

DA Order July 2015 – Finmin issued orders for the payment of DA at 119% from 1.7.2015 Payment of Dearness Allowance to Central Government employees – Revised Rates effective from 1.7.2015 No.1/2/2015-E-II (B) Government of India Ministry of Finance Department of Expenditure North Block, New Delhi Dated: 23rd September, 2015. OFFICE MEMORANDUM Subject: Payment of Dearness Allowance to Central Government employees – Revised Rates effective from 1.7.2015 The undersigned is directed to refer to this Ministry’s Office Memorandum No.1/2/2015-E-II...

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IBA’s Circular on Stagnation Increments to Clerical Staff – AIBEA

IBA’s Circular on Stagnation Increments to Clerical Staff – AIBEA ALL INDIA BANK EMPLOYEES’ ASSOCIATION Central Office: “PRABHAT NIVAS” Regn. No.2037 Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001  Circular Letter No.27/148/2015/44 Date 23-9-2015 Dear Comrades, IBA’s Circular on Stagnation Increments to Clerical Staff Further to the 10th BP Settlement, some of our units have been seeking clarification on implementation of the provisions relating to sanction of Stagnation Increments. We had taken up the issue with...

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Seventh Pay Commission to submit report soon

7th Pay Commission to submit report soon New Delhi: Seventh Pay Commission is ready with its recommendations on revising emoluments for nearly 50 lakh central government employees and 55 lakh pensioners, and will soon submit report to the Finance Ministry. Earlier in August, the government had extended Commission’s term by another four months till December 31 to give recommendations. “The Commission is ready with recommendations and the report...

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Seventh Pay commission likely to introduce health insurance

7th Pay commission likely to introduce health insurance  New Delhi: In a move that could benefit more than 50 lakh central government employees and 56 lakh pensioners, the Seventh Pay commission is planning to propose to introduce health insurance scheme to replace Central Government Health Scheme (CGHS) at highly subsidized rates. Seventh Central Pay Commission Chairman Justice Ashok Kumar Mathur The pay panel has already held...

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Status of MACP in the 7th pay commission

Status of MACP in the 7th pay commission Newspapers continuously update us with news about the recommendation of the 7th Pay Commission which holds the highest expectation levels at present. From such sources, we come to know that the recommendations of the 7th Pay Commission are going to be submitted on 31st of October and they may come to force from 1/4/2016. Pay structure is very important and equally important is the promotion policy. Assured Career Progression (ACP) which was introduced in the 5th Pay Commission, provided some comfort...

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50% DA Merger and Retirement age 58 : Rumor Spreading in Social Networks

50% DA Merger and Retirement age 58 : Rumor Spreading in Social Networks Order for Merger of 50% DA, Retirement age news. Recently rumour mill went overdrive in social media with the following news that 1. Central Government decided to merge 50% DA with basic pay with effect from 1.1.2015. 2. It went on to say that age of Retirement will be on completion of 33 Years of service or at the age of 58 Years whichever is earlier. The 7th CPC is expected to submit its report shortly and due to Bihar elections the Central Government cannot take...

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