Drastic Reduction of Dearness Allowance (DA) to Central Government Employees, Opted in 7th Pay Scale

Drastic Reduction of Dearness Allowance (DA) to Central Government Employees, Opted in 7th Pay Scale Dear friends, As you are aware that 7th Pay Commission has computed 125% DA out of 125.75% due as on 1.1.2016 and 0.75% become due has been ignored. But according to earlier practice/agreement, this 0.75% has to be carry forwarded for calculating DA as on 1.7.2016. If the fraction carries...

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

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...

OROP: Steps being taken to rectify anomalies, says Minister

OROP: Steps being taken to rectify anomalies, says Minister Kochi: Seeking to reach out to retired soldiers, Union government today assured the ex-servicemen that it was taking all steps for “resolving the anomalies” in One Rank One Pension (OROP) and seventh pay commission. Minister of State for Defence, Subhash Bhamre, also said Prime Minister Narendra Modi and Defence Minister Manohar Parrikar, ...

Last date for using Old High Denomination notes extended till 14.11.2016 – Finmin Orders

Last date for using OHD notes extended till 14.11.2016 - Finmin Orders Press Information Bureau Government of India Ministry of Finance 11-November-2016 19:14 IST Government extends existing exemptions with regard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations until the expiry of 14th November, 2016,...

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

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:...

Maternity Leave (ML) for Railway Employees

Maternity Leave (ML) for Railway Employees It is a full pay leave not debited to any account. It is granted as under: For confinement 180 days Miscarriage/Abortion 45 days during service Female Casual workers 4 weeks Temporary Railway employees may be granted Maternity Leave if their employment is likely to continue till they come back to service may be granted Maternity Leave...

Paternity Leave (PL) for Railway Employees

Paternity Leave (PL) for Railway Employees Granted to male Railway employees (including Apprentices) with less than 2 surviving children. Granted for 15 days. During the period of confinement of wife of a Railway employee. Can be availed in the period between 15 days prior and 6 months after the date delivery of the child. Can availed only in one spell. If not availed it will be lapsed. It is not...

Railway Budget merger with General Budget will have positive effects

Railway Budget merger with General Budget will have positive effects Railways today maintained that the merger of its budget with General Budget will have no adverse effect on its functioning and there will be positive outcome as the exchequer support to the national transporter will increase henceforth. Railway Minister Suresh Prabhu will not present a separate Rail Budget for the fiscal 2017-18...