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Basic Pay
Showing posts with label Basic Pay. Show all posts
Showing posts with label Basic Pay. Show all posts

Friday, 6 October 2017

Grant of DA to Central Government employees - Revised Rates effective from 01.07.2017

Babloo - 19:56:00

Grant of DA to Central Government employees - Revised Rates effective from 01.07.2017
GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALA Y A)
(RAILWAY BOARD)
S.No. 60/PC-VII
File No. PC-VII/2016/1/7/2/1
RBE No.: 137 /2017
New Delhi, dated: 06.10.2017
The General Manager/CAOs(R),
All India Railways & Production Units,
(As per mailing list)
Sub: Grant of Dearness Allowance to Central Government employees - Revised Rates effective from 01.07.2017.

The undersigned is directed to refer to this Ministry's letter RBE No 30/2017 dated 31.03.2017 (F. No. PC-VII/2016/I/7/2/1) on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Railway employees shall be enhanced from the existing rate of 4% to 5% of the basic pay with effect from 1st July, 2017.

2.The term 'basic pay' in the revised pay structure means the pay drawn in the prescribed Level in the Pay Matrix as per 7th CPC recommendations accepted by the Government, but does not include any other type of pay like special pay, etc.

3.The Dearness Allowance will continue to be distinct element of remuneration and will not be treated as pay within the ambit of Rule 1303 (FR 9(21 )), Indian Railway Establishment Code, Volume -II (Sixth Edition- 1987)- Second Reprint 2005.

4.The payment on account of Dearness Allowance involving fractions of 50 paise and above may be rounded to the next higher rupee and the fractions of less than 50 paise may be ignored.

5.The payment of arrears of Dearness Allowance shall not be made before the date of disbursement of salary of September, 2017.

6.This issues with the concurrence of Finance Directorate of Ministry of Railways.
S/d,
(Jaya Kumar G)
Deputy Director, Pay Commission - VII
Railway Board

Source: Indian Railways

Sunday, 17 September 2017

7th CPC Pay Matrix IOR Revision: Example of Increase/Decrease in Basic Pay - MoD message for recovery thereon

Babloo - 06:49:00

7th CPC Pay Matrix IOR Revision: Example of Increase/Decrease in Basic Pay - MoD message for recovery thereon
Message Regarding 7 CPC

1. --text not reproduced---

2. "Govt orders have been received vide SRO No 17(E) dated 06/07/2017 notified in Gazette of India No 14 dated 07/07/2017 and acted upon in Aug 2017. As per the orders, index of rationalization (IOR) of level 12A & 13 of the Defence Pay Matrix has been enhanced from 2.57 to 2.67 for the entry level Pay but the multiplication factor is retained as 2.57. In some cases pay fixed on 01/01/2016 as per revised Pay matrix would be less than that fixed earlier as per SRO 12(E) dated 03/05/2017, leading to recovery in August 2017 pay account. A few examples are cited at Annexure A"

Pay as On
31/ 12/ 2015
Grade Pay as on
31/ 12/ 2015
Multiplication Factor 2.57 Pay as per SRO dated
03/ 05 /2017
Pay as per SRO dated
06 /07 /2017
Pay Increase / Decrease
37,4008,0001,16,6781,16,7001,21,200Increase
38,7708,0001,20,1991,20,2001,21,200Increase
40,1808,0001,23,8231,27,5001,24,800Decrease
41,6308,0001,27,5491,31,3001,28,500Decrease
58,9808,7001,73,9381,74,0001,75,500Increase
61,5908,7001,80,6451,84,6001,80,800Decrease
63,3408,7001,85,1431,90,1001,86,200Decrease
65,2708,7001,90,1031,95,8001,91,800Decrease

Friday, 24 February 2017

To check overstay, Centre cuts deputation allowance of bureaucrats

Babloo - 10:32:00

To check overstay, Centre cuts deputation allowance of bureaucrats

Bureaucrats on central deputation abroad and within the country will not get deputation allowance beyond five years of such tenure

Norms allow a maximum of seven-year, in break-up of five plus two years in usual cases, central deputation term for officers to work outside their state cadre or abroad.

The admissibility of deputation (duty) allowance would be up to the fifth year, if the deputationist has opted to draw such monetary benefit, an order issued recently by the Personnel Ministry said.

The decision has been taken to check overstay of central deputation period by officers including those in Indian Administrative Service (IAS) and Indian Police Service (IPS) among others, officials said.
The move comes after the government noticed a few cases where officers central deputation tenure was being extended, mainly while they were working abroad, by ministries concerned beyond the maximum period of seven years citing "exigencies", they said.

The Personnel Ministry has already issued a directive to warn officers that they may lose their job for overstaying on foreign posting.

In case of deputation within the same station, the allowance will be paid at the rate of 5 per cent of basic pay subject to a maximum of Rs 2,000 per month; and in other cases, it will be payable at the rate of 10 per cent of the employee's basic pay subject to a maximum of Rs 4,000 per month.

PTI

Saturday, 12 November 2016

Spike in bank deposits in September due to 7th Pay Commission arrears: FM

Babloo - 08:36:00
Spike in bank deposits in September due to 7th Pay Commission arrears: FM

New Delhi: Union Finance Minister Arun Jaitley on Saturday said there was a spike in bank deposits only in September during the last one year, largely due to the 7th Pay Commission arrears being released in August.
The FM was addressing a press conference here on the current demonetization move.

The 4.8 million central government employees and 5.2 million pensioners got theirs arrears of basic pay and pension arising from implementation of the 7th Pay Commission recommendations in one go in August salaries and pension respectively. The hike in basic pay and pension has been made effective from January 1, 2016.

Jaitley said it is a massive operation to replace 86 per cent of currency under circulation. The SBI alone had done Rs 2.28 crore transactions in the past two days; the total banking transactions were around five times of that, he added.

The minister said the SBI alone had got Rs 47,868 crore deposits in the past two days; total deposits in all the banks must be around Rs 2 lakh crore to Rs 2.25 lakh crore, he added.

The RBI bank currency chests numbering 4,000 had enough currency stocks, Jaitley assured.

The Finance Minister appealed to the people to stagger depositing the defunct currency and not to crowd the banks.

He said it would take two to three weeks to re-calibrate two lakh ATMs to vend out new Rs 2,000 and Rs 500 notes.

He said stock details had been sought from jewellers on reports of dealings in defunct currency, adding that the government would not allow any illegal transaction in bullion.

He said the supposed chip in the Rs 2,000 note and digital lockers were mere rumours.

Inputs with PTI
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