Saturday, December 16, 2017

Government to replace GST ordinance with bill

Government to replace GST ordinance with bill
GST-Goods-and-Service-Tax


The Cabinet today approved replacing the Goods and Service Tax (Compensation to States) Ordinance by a bill, sources said.

The GST (Compensation to States) Act 2017 aims to provide for compensation to the states for the loss of revenue arising on account of implementation of Goods and Service Tax Act, they said.

It provides for imposition of compensation cess on intra-state/ inter-state supplies of goods and services.

The GST Council in its 20th meeting held in August had recommended an increase of 10 per cent to 25 per cent in the maximum rate on certain type of motor vehicles.

The Ordinance was promulgated on September 2, thus raising the maximum rates.

Article 123 of the Constitution mandates that the ordinance be approved by the Parliament within six weeks of reconvening.

Accordingly, the sources added the finance ministry had sought Cabinet nod for the replacement of the ordinance by the Goods and Service Tax (Compensation to States) Bill, 2017.

The government has listed the bill for introduction in its Parliament business agenda for the next week.

PTI

Finance Ministry approved GDS Pay Scales and Allowances

Finance Ministry approved GDS Pay Scales and Allowances

FLASH NEWS

GDS COMMITTEE PAY SCALES AND ALLOWANCES CLEARED BY FINANCE MINISTRY. NOW CABINET APPROVAL REQUIRED. DETAILS WILL FOLLOW:

R.N. Parashar
Secretary Generall
AIPEU-GDS

P. Panduranga Rao
General Secretary
NFPE

Source: Confederation

What If 7th Pay Commission Is The Last? Will It Help Government Employees?

What If 7th Pay Commission Is The Last? Will It Help Government Employees?

7th-Pay-Commission-latest-news-cg-employees


With the news of increase in the minimum pay of the Central government employees still in limbo, news are making rounds that the 7th Pay Commission will be the last pay commission for the government employees.

The news has indeed brought confusion among the lakhs of government employees as to how will their new salary look like, what will the salary be increased and on what basis the government would increase the salary.

Reports are there that the BJP-led Central government is mulling to go for an alternative without making the employees to wait for 10 years to get a hike in their salary.

Justice A K Mathur, Chairman of the 7th Pay Commission, had earlier stated that revision of salary be done every year on the basis of the available data and price index.

According to reports, the Aykroyd formula may be considered for the pay hike of the central government employess. The said formula takes into account the three basic needs of human being while considering pay hike and salary structure.

“It will be a good initiative if the government comes up with the plan. Yearly increase will help to maintain financial position. However, looking at the recent hike as per the 7th Pay Commission, nothing can be expected from the government,” said a Central government employee.

“Employees are still feeling cheated and agitations are on against the anti-employee policies of the government. In such a situation, in the name of annual hike, doubts are there that we might get deprived of at least what we are getting from the pay commission held every 10 years,” said another employee.

Reviewing the pay matrix periodically instead of waiting for long ten years to revise the salary and allowances will not be an easy task for any government. It may lead to more confusion and bewilderment among the employees, he said.

“If we get what we deserve then the new policy will definitely help, but doubts still persists over its feasibility,” he added.

“There’s no need to talk about a new policy for the employees when the recently implement pay commission is mired in controversy. No employee is happy with the hike in salary and allowances. Without diverting the topic, government should first increase the minimum pay as per the demand of the employee and media should avoid such news which will only deflect and confused the employees,” said a retired Indian Railways employee.

Meanwhile, the government is yet take a decision over the demands of the Central government employees to increase the minimum pay from the present Rs 21,000 to Rs 26,000.

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