FinMin sets up panel to suggest steps to promote card payments

New Delhi: With an aim to discourage cash transactions, the Finance Ministry has set up a high-level committee to suggest steps to promote card payments through incentives like tax rebates and cash back schemes. The 11-member committee, headed by former Finance Secretary Ratan P Watal, will recommend various measures to “incentivise transactions through cards and digital means, e.G., through...

7th Pay Commission – Karnataka CM hints at Setting up New Panel

7th Pay Commission – Karnataka CM hints at Setting up New Panel – The comment raised hopes of state government employees who had gone on a day-long strike on June 2 demanding pay parity with Central government staff. Karnataka Chief Minister Siddaramaiah gave a strong indication to state government employees on Thursday when he hinted at setting up a pay panel to explore the possibility of...

Railways must implement decisions on staff transfer: CAT

Railways must implement decisions on staff transfer: CAT Chennai: The Central Administrative Tribunal (CAT) has ruled that decisions on the transfer of 600 employees taken by a machinery, set up by Railways to settle disputes, should be implemented. Justice G Rajasuria, judicial member of CAT, who disposed of the original applications filed by Southern Railway Mazdoor Union last week, said...

NPS Employees shall eligible for benefit of ‘Retirement gratuity and Death gratuity’ as per CCS (Pension) Rule,1972 – Finance Ministry issued orders on 26.8.2016

NPS Employees shall eligible for benefit of ‘Retirement gratuity and Death gratuity’ as per CCS (Pension) Rule,1972 – Finance Ministry issued orders on 26.8.2016 Extension of benefits of (Retirement Gratuity and Death Gratuity) to the Central Government employees covered by new Defined Contribution Pension System (National Pension System)- regarding. No.7/5/2012-P&PW(F)/B Ministry of Personnel,...

7th Pay Commission Effect – Govt Employees Showered – Government employees and their families comprise a large chunk of two-wheeler customers

7th Pay Commission Effect – Govt Employees Showered – Government employees and their families comprise a large chunk of two-wheeler customers. Two-wheeler majors, including Hero MotoCorp and Honda, have started offering exclusive discounts and offers to govt employees and pensioners to expand sales. This concessions to the govt employees comes after enhanced pay packages under the 7th Pay...

7th Pay Commission report: New panel set up, controversy hit IAS cadre under scanner

7th Pay Commission report: New panel set up, controversy hit IAS cadre under scanner The 7th Pay Commission report is still grabbing headlines as the various permutations and combinations are still being bandied about and discussed threadbare and now it spans a big controversy that has to do with the near monopoly currently enjoyed by the IAS and how to end it, once and for all. Moving forward,...

Clean up the employees pension scheme

Clean up the employees’ pension scheme Though a majority of organised workers are covered under the Employees’ Pension Scheme (EPS) 1995, there is still very low transparency level. Many readers might not have even heard about it because EPS is not a separate scheme. It is just an add-on to the Employee Provident Fund (EPF) scheme and all EPF members also automatically become EPS members. The...