Clarifications and update on the Cabinet decisions on pay and pensionary issues emanating out of the 7th Central Pay Commission: By Maj Navdeep Singh

Clarifications and update on the Cabinet decisions on pay and pensionary issues emanating out of the 7th Central Pay Commission: By Maj Navdeep Singh There is a press note floating around on social media regarding certain decisions taken by the Cabinet related to pay and pensionary modalities related to the 7th Central Pay Commission (CPC). Though many have questioned its veracity, this is to confirm that it is absolutely a valid document and has been officially issued by the Ministry of Finance. That said, let me run through some of...

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The promulgation of Banking Regulation (Amendment) Ordinance, 2017 will lead to effective resolution of stressed assets, particularly in consortium or multiple banking arrangements

The promulgation of Banking Regulation (Amendment) Ordinance, 2017 will lead to effective resolution of stressed assets, particularly in consortium or multiple banking arrangements The Ordinance enables the Union Government to authorize the Reserve Bank of India (RBI) to direct banking companies to resolve specific stressed assets The promulgation of the Banking Regulation (Amendment) Ordinance, 2017 inserting two new Sections (viz. 35AA and 35AB) after Section 35A of the Banking Regulation Act, 1949 enables the Union Government to...

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NFIR -7th CPC Allowances, Minimum Wages, multiplying factor, pension parity, MACP, Running Staff Issues discussed in the Standing Committee Meeting of NC/JCM on 3rd May 2017

NFIR - 7th CPC Allowances, Minimum Wages, multiplying factor, pension parity, MACP, Running Staff Issues discussed in the Standing Committee Meeting of NC/JCM on 3rd May 2017 National Federation of Indian Railwaymen 3, Chelmsford Road, New Delhi - 110055 No. IV/NFIR/SCM/Part VII Dated: 04/05/2017 The General Secretaries of Affiliated Unions of NFIR Brother, Sub: Issues discussed in the Standing Committee Meeting of NC/JCM held at Room No. 119, North Block, New Delhi on 3rd May 2017-reg. The Standing Committee Meeting of the...

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Revise allowances including HRA with effect from 01.01.2016 - Mass Dharna 23rd MAY 2017

Revise allowances including HRA with effect from 01.01.2016 - Mass Dharna 23rd MAY 2017 MASS DHARNA IN FRONT OF FINANCE MINISTER'S OFFICE, NEW DELHI EMPLOYEES & PENSIONERS COME IN LARGE NUMBERS AND MAKE IT A GRAND SUCCESS HONOUR THE ASSURANCE GIVEN BY GROUP OF MINISTERS ON 30.06.2016 Increase minimum pay and fitment formula. Revise allowances including HRA with effect from 01.01.2016. Grant option-I pension parity recommended by 7th CPC. Revise pension and grant dearness relief to autonomous body pensioners Implement positive...

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