Recommendations of 7th Central Pay Commission would be implemented from 1st January, 2016: Finance Secretary


Finance Secretary Ratan Watal said although the recommendations would be implemented from 1 January, 2016, the burden on the exchequer would not be much in the current financial year.
Seventh Pay Commission will be mindful of fiscal concerns: Finance ministry

The Commission has been given time up to December 2015 to submit its report on revising emoluments of nearly 48 lakh central govt employees and 55 lakh pensioners 

New Delhi: Finance ministry on Monday said the Seventh Pay Commission will be mindful of the fiscal concerns of the government while giving its report on new pay scales and remunerations for central government employees and pensioners.

The Commission, headed by Justice A K Mathur, has been given time up to December 2015 to submit its report on revising emoluments of nearly 48 lakh central government employees and 55 lakh pensioners.

“We have communicated our concerns with regard to sustainability of public expenditure to Pay Commission. I am sure the members and chairman of the commission are aware of and will be sensitive to our concerns,” finance secretary Ratan Watal told reporters in New Delhi.

The Commission has time till December to submit its report, he said, adding thereafter it would be scrutinised by a secretariat to be set up in the finance ministry. Watal said although the recommendations would be implemented from 1 January, 2016, the burden on the exchequer would not be much in the current financial year.

However, he added, it would have implications in next fiscal. The Commission, headed by Justice A K Mathur, was appointed by the previous UPA government in February 2014 for 18 months. Its terms was extended in August 2015 by four months till 31 December, 2015.

The government constitutes the Pay Commission almost every 10 years to revise the pay scale of its employees and often these are adopted by states after some modifications.

As part of the exercise, the Commission holds discussions with various stakeholders, including organisations, federations, groups representing civil employees as well as Defence services. - PTI

Comments

Post a Comment

Popular posts from this blog

Download Data Entry Software for Postal/Sorting Assistant (PA/SA) Exam- Phase 2

Image
As promised in our earlier post, in this post we are providing you the Data Entry Software (Offline) to Practice Data Entry for Postal/Sorting Assistant Exam. Almost all are conversant with what the typing test is as a lot of online and offline software’s are available in the internet. But when it comes to Data Entry options are limited. Here we are providing you one of the best Data Entry Software that will be handy for PA/SA Phase 2 exam preparation. Features of Software: 1) 3 types of data entry tests are included: alpha, numeric, alphanumeric. 2) Gross and net keystrokes per hour as well as accuracy are measured and saved in a results database for printing or viewing. 3) User decides width of numeric field and decimal display or suppress fornumeric tests. 4) Alphanumeric test is in the form of a typical invoice. 5) With the click of a button, new data entry tests can be created by the program. 5) You decide the duration of the tests; up to 30 minu
CLICK HERE FOR MORE

Letter to CPMG on latest issues of SBCO

ALL INDIA SAVINGS BANK CONTROL EMPLOYEES UNION KERALA CIRCLE (Recognized Union of Department of Posts) CHQ: Nirmalyam, Erezha North, Chettikulangara, Mavelikara 690106 The Chief Postmaster General, Kerala Circle, Trivandrum 695 033 L No. AISBCEU/Circle/2017-18                                      dated at Mavelikara the   19 th June 2017 Respected Sir,         May I invite your kind attention to some major issues relating to SBCO requiring immediate remedial action. 1)             On migration to Core banking solution, vide SB order No. 14/2015 and its addendums issued by the Directorate, work of SBCO has been drastically changed.  The work erstwhile done at HO SB branch was discontinued and entrusted to SBCO with a consolation of direction to provide the staff of SB branch to SBCO. This instruction has not been complied by the Postmasters & Divisional Heads at many HOs.  In a very few HOs, on the strict order of their Divisional Heads, Postmasters
CLICK HERE FOR MORE

PRESERVATION PERIOD FOR POSTAL RECORDS ( SBCO BRANCH ) Updated

PRESERVATION PERIOD FOR POSTAL RECORDS ( SBCO BRANCH) SL NO            DETAILS OF OLD RECORDS Period of preservation  1 List of Transactions 2 Years (After Agreement ) 2 All categories of vouchers ( Dep / Wdl ) 5 Years All categories of vouchers - Closures  5 Years As per SB order no. 14/2012 & 08/2013 3  Consolidation journals  ( Local/Credit/Debit  ) 2 Years 4 Consolidation journals SB/RD / MIS/ TD  Dep & Wdl 2 Years 5 Register of SB62, 62a, SB63, RD85, 85a, of all  categories 3 Years 6 Register of OMs 2 Years ( after closure of all OMs in the register ) 7 Interest Statement  summary 3 Years 8 Miscellaneous  Registers a) Discrepancy Register b) Binder verification Regis
CLICK HERE FOR MORE