Centre notifies hike in dearness allowance to 119%

Centre notifies hike in dearness allowance to 119% New Delhi: Centre notified its decision to raise dearness allowance (DA) to 119%, from 113%, benefiting 50 lakh central government employees and 56 lakh pensioners including dependents. The union cabinet had decided on 9 September, to release an additional instalment of DA and dearness relief (DR) to pensioners with effect from 1 July 2015....

DA Order July 2015 – Finmin issued orders for the payment of DA at 119% from 1.7.2015

DA Order July 2015 – Finmin issued orders for the payment of DA at 119% from 1.7.2015Payment of Dearness Allowance to Central Government employees – Revised Rates effective from 1.7.2015 No.1/2/2015-E-II (B)Government of IndiaMinistry of FinanceDepartment of Expenditure North Block, New DelhiDated: 23rd September, 2015. OFFICE MEMORANDUM Subject: Payment of Dearness Allowance to Central Government...

IBA’s Circular on Stagnation Increments to Clerical Staff – AIBEA

ALL INDIA BANK EMPLOYEES’ ASSOCIATIONCentral Office: “PRABHAT NIVAS” Regn. No.2037Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001    Circular Letter No.27/148/2015/44 Date 23-9-2015 Dear Comrades,IBA’s Circular on Stagnation Increments to Clerical StaffFurther to the 10th BP Settlement, some of our units have been seeking clarification on implementation of the provisions...

Seventh Pay Commission to submit report soon

7th Pay Commission to submit report soon New Delhi: Seventh Pay Commission is ready with its recommendations on revising emoluments for nearly 50 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...

7th Pay commission likely to introduce health insurance

Seventh Pay commission likely to introduce health insurance New Delhi: In a move that could benefit more than 50 lakh central government employees and 56 lakh pensioners, the Seventh Pay commission is planning to propose to introduce health insurance scheme to replace Central Government Health Scheme (CGHS) at highly subsidized rates. The pay panel has already held detailed discussions about...

Status of MACP in the 7th pay commission

Status of MACP in the 7th pay commission Newspapers continuously update us with news about the recommendation of the 7th Pay Commission which holds the highest expectation levels at present. From such sources, we come to know that the recommendations of the 7th Pay Commission are going to be submitted on 31st of October and they may come to force from 1/4/2016. Pay structure is very important...

50% DA Merger and Retirement age 58 : Rumor Spreading in Social Networks

50% DA Merger and Retirement age 58 : Rumor Spreading in Social Networks Order for Merger of 50% DA, Retirement age news. Recently rumour mill went overdrive in social media with the following news that 1. Central Government decided to merge 50% DA with basic pay with effect from 1.1.2015. 2. It went on to say that age of Retirement will be on completion of 33 Years of service or at the age...