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Modi Government
Showing posts with label Modi Government. Show all posts
Showing posts with label Modi Government. Show all posts

Saturday, 21 January 2017

7th pay commission: This is why Modi government not giving hike to 47 lakh employees

Babloo - 09:08:00

7th pay commission: This is why Modi government not giving hike to 47 lakh employees

Reports suggest that the committee under the chairmanship of finance secretary Ashok Lavasa has finalised its report for salary hike in accordance with the recommendations of the seventh CPC, but the government is unable to pay the allowances to its employees due to cash crunch.

More than 14 months have passed since the seventh pay commission report was submitted and little less seven months have elapsed since the union cabinet approved implementation of the salary hike recommendations, but the central government employees are still awaiting the good news.
Demonetisation is said to be the reason behind the delay in announcing allowances by the Narendra Modi government for the 47 lakh employees and 53 lakh pensioners. The number of beneficiaries includes 14 lakh employees and 18 lakh pensions from the armed forces.

HOW DEMONETISATION AFFECTS PAY HIKE: THINGS TO KNOW
  1. The government has announced that it will implement the seventh pay commission's recommendations from January 1 last year. But, in the aftermath of demonetisation, the government is not in position to make the final decision.
  2. The seventh pay commission proposed a 138.71 per cent hike in housing allowance (HRA) and 49.79 per cent for other allowances.
  3. The pay commission estimated that during the current fiscal, the hike in allowances would add a burden of Rs 29,300 crore (Rs 17,200 crore under HRA and Rs 12,100 crore under other allowances). This is a huge sum but after demonetisation, the government is working hard to stave off the cash crunch that set in.
  4. The Modi government has constituted a committee to look into the recommendations regarding allowances and the manner of their implementation.
  5. Some reports suggest that the committee under the chairmanship of finance secretary Ashok Lavasa has finalised its report, but the government is unable to pay the allowances to its employees due to cash crunch.
  6. The employees' unions have been putting pressure on the finance ministry to announce hike in allowances at the earliest.
  7. The announcement of assembly elections in five states has given some time for the government as it cannot announce pay hikes till the model code of conduct is in place.
  8. The assembly elections have given the government time till March 8, by when there would be some additional cash in circulation. But, by then the budget would have been presented and accommodating over Rs 29,000 crore for salaries and pensions in the budge may pose a problem.
  9. The delay in implementation of the seventh pay commission's recommendations has caused tremendous irritation and frustration among employees.
  10. The BJP may have to face a backlash in the assembly elections in the five states, two of which is ruled by the party either directly or in alliance. Thus, demonetisation move by the Modi government may strike a double blow to the BJP in polls.
Source: Indiatoday

Saturday, 12 November 2016

What is the procedure to change the 500, 1000 notes through representative ?

Babloo - 18:00:00
What is the procedure to change the 500, 1000 notes through representative ?

In case you are not possible for you to visit the bank you may send your representative with an express mandate i.e. a written authorisation. The representative should produce authority letter and his / her valid identity proof while tendering the notes.

Proof of identity: Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff.

Authority letter for change the 500, 1000 notes through representative


REQUEST LETTER FOR EXCHANGE OF OLD HIGH DENOMINATION BANK NOTES OF Rs.1000 AND Rs.500

Request-slip-for-exchange-of-old-notes

Click to download the form

Saturday, 18 June 2016

7CPC: Good news for government employees! Secretary Panel submits report; recommendations implementation soon

Babloo - 10:36:00
7CPC: Good news for government employees! Secretary Panel submits report; recommendations implementation soon

New Delhi,  There is a good news for central government employees who have been ardently waiting for the implementation of 7th Pay Commission. According to a Dainik Jagran report, “The Cabinet Secretary met the PMO officials on Wednesday and apprised them about the secretaries panel’s recommendations on the salary and allowances hike recommended for central government employees.

The secretaries panel reviewing the 7th pay commission’s recommendations have submitted its report to the Finance Ministry. The Finance Ministry will prepare a note and present it before the Cabinet in the next 15 days.” Whereas according to a India.com report, “The 13-member Committee of Secretaries headed by the Cabinet Secretary Pradeep Kumar Sinha is likely to submit its final report on the recommendations proposed by the 7th Pay Commission on June 18. After panel submits its report, Cabinet is expected to give the green signal for implementation of the revised recommendations. However the government is planning to implement the recommendation made by the 7th Pay Commission regarding the salary hike of government employees from August 1.” According to latest reports, Government staff will get their six months arrears in one installment in the month of October. It is being said that Government will implement Seventh Pay Commission most likely from July. Employees will get increased payout in their July salary and it will be credited in their account on August 1. The recommendations when implemented would have bearing on remuneration of 47 lakh central government employees and 52 lakh pensioners. Subject to acceptance by the government, the recommendations will take effect from January 1, 2016.

OneIndia News

Sunday, 22 May 2016

7th Pay Commission: Euphoric Modi government to give final nod to Increment notification soon

Babloo - 13:30:00
7th Pay Commission: Euphoric Modi government to give final nod to 'Increment'; notification soon

7thCPC Increment notification

As high voltage State Assembly polls have ended now, Government is all set to implement the recommendations of Seventh Pay Commission.

Reportedly, Modi Government which is euphoric after party's victory in Assam and its good show in Kerala, looks in full mood to handover increased payout to Government staff anytime soon.

It is being believed that as model code of conduct is no longer a barrier in the way of implementing salary increment, Government could issue notification in the first week of June. Sources say that all the formalities regarding the implementation process will be done after a Cabinet meet which will be chaired by Prime Minister Narendra Modi soon. Read more: 7th Pay Commission: PMO orders early implementation of 'increment', wants 'maximum payout' for staff A website quoting Finance Ministry sources writes, "the BJP led central government is now in a pleasant mood, accordingly it may announce better pay package that recommended by Pay Commission to central government employees". Reportedly, Modi Government will give 25-30 per cent increment to Central Government employees, Sources say that increment will be handed over in July while arrears from January till that date will be paid in August.

OneIndia News
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