7th Pay Commission – How Govt will Save Rs 11,000 Crore in Allowances

7th Pay Commission – How Govt will Save Rs 11,000 Crore in Allowances 7th Pay Commission – How Govt will Save Rs 11,000 Crore – Allowances currently are roughly half of the Centre’s salary bill. The Centre is likely to implement the 7th Pay Commission award from September-October, the beginning of the festive season, to give a consumption boost to the economy. However, in order to restrict the budgetary outgo, it would pay the revised allowances only prospectively, unlike the pay component that will be paid along with arrears from January 2016. Allowances...

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Steps to be followed, if OROP Arrears not paid so far

Steps to be followed, if OROP Arrears not paid so far May be due to the non-availability of the following particulars with your bank, they have not paid. Therefore, please arrange to send the attested proof of the following particulars:- 1. Rank 2. Qualifying service. 3. Group 4. Date of Birth. Please take a Xerox copies of the proof, get attested by your Bank’s Manager and send it to the CPPC of your bank by Registered Post immediately. It is better if you can send the OROP arrears calculation sheet also along with the documents. For OROP...

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PARTIAL WITHDRAWAL FROM NPS - ORDERS ISSUED BY PFRDA

PARTIAL WITHDRAWAL FROM NPS - ORDERS ISSUED BY PFRDA Guidelines issued from PFRDA on processing partial withdrawal requests under National Pension System (NPS). As per the guidelines, a subscriber can partially withdraw his/her accumulated pension wealth, not exceeding twenty-five per cent of the contributions made by the subscriber and excluding contributions made by the employer, if any, at any time before exit from NPS. The aforesaid guidelines issued by PFRDA provide terms & conditions, purpose, frequency and limits for partial withdrawal...

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7th Pay Commission award after five-state polls: Finmin

7th Pay Commission award after five-state polls: Finmin New Delhi: Official sources in Finance Ministry told us on condition of anonymity that the central government will announce 7th Pay Commission award to increase pay and facilities of the central government employees after the completion of five states assemblies’ poll process as the model code of conduct is currently in place and the employees will get it ahead of the festive season. The announcement is to come in June-July after eight to nine months of receiving of Seventh Pay Commission...

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