Payment of Overtime, Piece Work Earning & Incentive Bonus on Implementation of instructions of 7th CPC recommendations:BPMS

Payment of Overtime, Piece Work Earning & Incentive Bonus on Implementation of instructions of 7th CPC recommendations:BPMS BHARTIYA PRATIRAKSHA MAZDOOR SANGH Ref: BPMS /OFB / OTA / 43 A (7/2/R) Dated: 30.07.2016 To, The DGOF & Chairman, Ordnance Factory Board, 10-A, S. K. Bose Road, Kolkata – 700001 Kind Attention: (Shri S K Singh, Director/IR, OFB) Subject: Payment of Overtime, Piece Work Earning & Incentive Bonus on Implementation of instructions of 7th CPC recommendations regarding. Respected Sir, With due regards, I would...

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7th pay commission arrears not to push up car, house sales

7th pay commission arrears not to push up car, house sales New Delhi: Car and house sales are not expected to go up after giving the seven months’ arrears of the 7th Pay Commission recommendations to central government employees on August 31. As per the notification and resolution, central government employees will receive an average 14.27 per cent hike in basic pay effective from January 1, 2016. The previous 6th Pay Commission had recommended a 20 per cent hike which the government doubled while implementing it in 2008. The hype around the...

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Banks to launch new loan schemes to grab pay commission arrears

Banks to launch new loan schemes to grab pay commission arrears New Delhi: State Bank of India, the country’s largest lender, and its rivals are set to launch programmes aimed at encouraging central government employees in line for fatter 7th pay commission arrears to borrow and spend on consumer goods, cars and homes. The government announced its employees would get the higher salaries from August along with arrears of the first seven months...

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Delegation of powers to Financial Advisers of administrative Ministry/ Department to accord exemption for air travel in airlines other than Mr India in individual cases of autonomous bodies

Delegation of powers to Financial Advisers of administrative Ministry/ Department to accord exemption for air travel in airlines other than Mr India in individual cases of autonomous bodies — reg. No. 19024/1/2009E.IV Government of India Ministry of Finance Department of Expenditure *** New Delhi, dated the 26th July, 2016 Office Memorandum Sub:-Delegation of powers to Financial Advisers of administrative Ministry/ Department to accord exemption for air travel in airlines other than Mr India in individual cases of autonomous bodies—...

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Ceiling for Pensionable Salary

Ceiling for Pensionable Salary As per Para 12(1) of the Employees’ Pension Scheme (EPS), 1995, a member shall be entitled to: (a) Superannuation pension if he has rendered eligible service of 10 years or more and retired on attaining the age of 58 years. (b) Early pension, if he has rendered eligible service of 10 years or more and retired or otherwise ceases to be in the employment before attaining the age of 58 years. In such cases, the amount of pension shall be reduced at the rate of 4 per cent for every year the age falls short of 58...

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Pradhan Mantri Rojgar Protsahan Yojana

Pradhan Mantri Rojgar Protsahan Yojana A new scheme “Pradhan Mantri Rojgar Protsahan Yojana”(PMRPY) has been announced in the Budget for 2016-17 with the objective of promoting employment generation and an allocation of Rs. 1000 crores has been made. The scheme is being implemented by the Ministry of Labour and Employment in 2016-17. Under the scheme employers would be provided an incentive for enhancing employment by reimbursement of the 8.33% EPS contribution made by the employer in respect of new employment. The PMRPY scheme is targeted for...

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X GP - 7 CPC DEF PENSIONER BASIC + Arrears (Sep to Sub Maj)

X GP - 7 CPC DEF PENSIONER BASIC + Arrears (Sep to Sub Maj) VII CPC BASIC AND ARREARS TILL 30 JUN 2016 PRE-01.07.2014 RETIREES X GP Disclaimer : PCDA (P)  is final auth for fixation of 7 CPC Basic & arrears.   Table prepared for ease of calculation/understand  and Not for legal purpose - rajasthanveterans.blogspot.in...

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