D.A from July 2015- Order by Department of Post
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Seventh Pay Commission To Submit Report Soon
NEW DELHI: Seventh Pay Commission is ready with its recommendations on revising emoluments for nearly 48 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 will be submitted soon," according to sources. The Commission, whose recommendations may also have a bearing on the salaries of the state government staff, was given more time by the Union Cabinet just a day before its original 18-month term was coming to an end. Headed by Justice AK Mathur, the Commission was appointed in February 2014 and its recommendations are scheduled to take effect from January 1, 2016. The government constitutes the Pay Commission almost every 10 years to revise the pay scale of its employees and often states al...
Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 1.7.2015 : Finmin order
No. 1/3/2015-E-II (B) Government of India Ministry of Finance Department of Expenditure North Block New Delhi Dated the 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. 1/2/2015-13-11 (B) dated rot" April, 2015 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 113% to 119% with effect from 1st July, 2015. 2. The provisions contained in paras 3, 4 and 5 of this Ministry’s O.M. No. 1(3)/2008-E-II(B) dated 29th August, 2008 shall continue to be applicable while regulating Dearness Allowance under these orders. 3. The additional installment of Dearness Allowance payable under these orders shall be paid in cash to all Central Governme...
USEFUL TIPS FOR FINACLE OPERATIONS IN DOP FINACLE APPLICATION
1.New A/c No. from Old A/c No. CNAC – SOL ID+scheme+Old A/c No. 2. A/cs linked to MPKBY agent. HDSAMM 3. Commission paid to agents. HFINRPT . HPR . Report 2 to 5 as per requirement. 4. TDS deducted from Agents. HFINRPT . HPR . Report 2 & 3 as per requirement. 5. New A/c No. (any scheme) not noted HAFI .SOLID: Default SOLID . Ref. No.: Enter one or two spaces. Table Short Name: GAM General Ledger Subhead Code: as under . Authorize: Select the radio button 'Not Authorized. Function Code: A (ADD i.e new Accounts opened): M (modified accounts) : Z (Closed A/cs) Following are the GL Heads SB - 30001,PPF- 33001, NSS87 -30021, NSS92 -30022, SSA- 30042, MIS- 30016, NSC 10 year- 32003, NSC 5 year- 32001, RD- 30010, KVP- 32027, TD -30011. 6. New PPF Loan A/c No. not noted. Suffix 1 to the original A/c. 7. New RD Loan A/c No. not noted. Suffix 1 to the original A/c. 8. Denomination & Serial No. of KVP/NSC issued to a Regd. No. CSCACM / NSCAM ...
Verification of qualifying service after 18 years service and 5 years before retirement
No.1/19/2013-P&PW(E) Government of India Ministry of Personnel, Public Grievances & Pensions Department of Pension and Pensioners Welfare Lok Nayak Bhavan, Khan Market, New Delhi-110003, Dated the 16.9.2015 OFFICE MEMORANDUM Sub : Verification of qualifying service after 18 years service and 5 years before retirement. It has been observed by this Department that processing of pension cases of the employees retiring from the government service quite often get delayed on account of the issues relating to verification of service from time to time by the concerned authorities during the service of the concerned employee. Although detailed instructions regarding verification of service have been issued by Department of Personnel & Training and by this Department, these instructions are not meticulously adhered to resulting in delay in sanctioning of retirement benefit of the employees. 2. Rule 32 of the CCS (Pension) rules, which existed prior to December,...
SBCO VERSUS SO/SOSB BALANCE AGREEMENT TOOL FOR SB
SB Agreement Tool For SOSB And SBCO Browse SBACCxx.dbf file of sbco. Then give HO date of SOSB upto which data entry is completed. Give range of account and use. Importatnt: account numbers in sbco should be integer only. No alpha numeric character should be there. Download Rajesh CR, System Administrator, Kattappana HPO, Idukki rajeshcr2007@gmail.com / kattappanaho@indiapost.gov.in
Seventh Pay Commission To Propose Higher HRA
New Delhi: The Seventh Pay Commission is likely to propose to increase House Rent Allowance (HRA) of central government employees, besides their basic salaries. By giving House Rent Allowance hikes, the Pay Commission is likely to seek to encourage property owners to rent out their properties, reduce the shortage of dwellings and to provide ‘housing for all central government employees’. Besides the basic salary, a large portion of central government employees’ salary is the House Rent Allowance; some changes will be made in that category this time. Instead of the existing three areas for house rent, four are likely to be created. ‘X’ class cities Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune, where employees will get 40 percent of their basic salary as House Rent Allowance (HRA), increasing from the existing 30 percent. Employees posted at ‘Y’ class cities covers near about 90 stations, will receive 30 percent of basic salary, instead of t...
SB Order 09/2015 : Premature Closure of POTD Accounts before 6 months - clarification
It was clarified vide SB Order no 9/2015 dated 07.09.15 that awaiting amendment by MoF(DEA)from Post offices will not allow closure of any TD account opened from date of receipt of this order up to 6 months period from the date of opening of account.
Cabinet approves 6% hike in DA for central govt employees ( w.e.f 01/07/2015)
NEW DELHI: Good news for central government employees. The Union Cabinet on Wednesday cleared a proposal to increase dearness allowance (DA) to 119% from 113%, which will potentially benefit over one crore government employees and pensioners. The proposal to increase DA by six percentage points was taken at a meeting by the Union Cabinet. DA is paid as proportion of the basic pay. Earlier in April, the government had hiked DA by 6% to 113% of their basic pay with effect from January. The proposed DA hike will take effect from July 1. As per the agreed formula, the DA rate increase is an average of 12-month consumer price index-industrial workers from July 1, 2014 to June 30, 2015. The proposed hike is in accordance with the accepted formula based on the recommendations of the 6th pay commission, which will benefit 48 lakh government employees and 55 lakh pensioners. Last month, the Cabinet had given approval for the extension...
Cabinet may approve 6% D.A. hike for Central Govt. Employees
The Cabinet is likely to consider tomorrow a proposal to increase dearness allowance to 119 per cent from 113 per cent, which if cleared will potentially benefit over one crore government employees and pensioners. "The proposal to increase dearness allowance by six percentage points to 119 per cent is likely to be taken up by the Cabinet tomorrow," a source said.Earlier in April, the government had hiked DA by 6 per cent to 113 per cent of their basic pay with effect from January. DA is paid as proportion of the basic pay. The proposed DA hike will take effect from July 1. As per the agreed formula, the DA rate increase is an average of 12-month consumer price index-industrial workers from July 1, 2014 to June 30, 2015. The proposed hike is in accordance with the accepted formula based on the recommendations of the 6th Pay Commission, which will benefit 48 lakh government employees and 55 lakh pensioners. However, president of Confederation of Central Govern...
SB Order 10/2015 Implementation of PMJJBY and PMSBY in CBS Post Offices from 7.9.2015
The undersigned is directed to refer to DO letter of even number dated 28.07.2015 from member (Banking & HRD) on the Implementation of PMJJBY and PMSBY in CBS Post Offices from 7.9.2015 and video conference held on 03.09.2015 from DAK Bhawan.
Seventh Pay Commission Likely To See Pay Hikes By 40%
New Delhi : The Seventh Pay Commission’s report is likely be submitted to the Finance Minister Arun Jaitley shortly. Sources said that there will be no internal relief. The average increase in basic fair pay for all government employees will be in the region of 40-45%. This is a very rough average because for senior level officers, like the Cabinet Secretary or officials at the secretary level, the payback could increase by more than 50%. The Pay Panel may recommend a new pay scale from January 1, 2016. The existing HRA would be retained for A1 cities; while there would be a 15-20% hike for other cities. But interestingly when we spoke to government employees they were not really happy, essentially perhaps because effectively if you take the DA out, it is not really a hefty bonanza as many thought it would be. Also, given the price rise and inflation issues, most people are saying it is really not that sufficient. Most of these recommendations will be implemente...