National Sports Awards – 2016

National Sports Awards – 2016

National Sports Awards are given every year to recognize and reward excellence in sports. Rajiv Gandhi Khel Ratna Award is given for the spectacular and most outstanding performance in the field of sports by a sportsperson over a period of four years; Arjuna Award is given for consistently outstanding performance for four years; Dronacharya Award for coaches for producing medal winners at prestigious international sports events, Dhyan Chand Award for life time contribution to sports development and Rashtriya Khel Protsahan Puruskar is given to the corporate entities (both in private and public sector) and individuals who have played a visible role in the area of sports promotion and development. Overall top performing university in inter-university tournaments is given Maulana Abul Kalam Azad (MAKA) Trophy.

A large number of nominations were received for these awards this year, which were considered by the Selection Committees consisting of former Olympians, Arjuna Awardees, Dronacharya Awardees, Dhyan Chand Awardees, Sports Journalists/Experts/Commentators and sports administrators. Selection Committee for Rajiv Gandhi Khel Ratna Award and Arjuna Awards was headed by Justice S.K. Agarwal, Retired Delhi High Court Judge. Selection Committee for Dronacharya Awards and Dhyan Chand Awards was headed by Ms. M.C. Mary Kom. Selection Committee for Rashtriya Khel Protsahan Puruskar was headed by Shri Rajiv Yadav, Secretary (Sports).

Based on the recommendations of the Committee and after due scrutiny, the Government has decided to confer awards upon the following sportspersons/ coaches/organizations:

(i) Rajiv Gandhi Khel Ranta 2016

S.No.	Name of the awardee	Discipline
1.	Ms. P.V. Sindhu	Badminton
2.	Ms. Dipa Karmakar	Gymnastics
3.	Shri Jitu Rai	Shooting
4.	Ms. Sakshi Malik	Wrestling

(ii) Dronacharya Awards 2016

S.No.	Name of the awardee	Discipline
1.	Shri Nagapuri Ramesh	Athletics
2.	Shri Sagar Mal Dhayal	Boxing
3.	Shri Raj Kumar Sharma	Cricket
4.	Shri Bishweshwar Nandi	Gymnastics
5.	Shri S. Pradeep Kumar	Swimming (Lifetime)
6.	Shri Mahabir Singh	Wrestling (Lifetime)

(iii) Arjuna Awards 2016

S.No.	Name of the awardee	Discipline
1.	Shri Rajat Chauhan	Archery
2.	Ms. Lalita Babar	Athletics
3.	Shri Sourav Kothari	Billiards & Snooker
4.	Shri Shiva Thapa	Boxing
5.	Shri Ajinkya Rahane	Cricket
6.	Shri Subrata Paul	Football
7.	Ms. Rani	Hockey
8.	Shri Raghunath V.R.	Hockey
9.	Shri Gurpreet Singh	Shooting
10.	Ms. Apurvi Chandela	Shooting
11.	Shri Soumyajit Ghosh	Table Tennis
12.	Ms. Vinesh	Wrestling
13.	Shri Amit Kumar	Wrestling
14.	Shri Sandeep Singh Mann	Para-Athletics
15.	Shri Virender Singh	Wrestling (Deaf)

(iv) Dhyan Chand Award 2015

S.No.	Name of the awardee	Discipline
1.	Ms. Satti Geetha	Athletics
2.	Shri Sylvanus Dung Dung	Hockey
3.	Shri Rajendra Pralhad Shelke	Rowing

(v) Rashtriya Khel Protsahana Purushkar, 2016

S.No.	Category	Entity recommended for Rashtriya Khel ProtsahanPuruskar, 2016
1.	Identification and Nurturing of Budding and Young Talent	1.Hockey Citizen Group 2.Dadar Parsee Zorostrian cricket club 3.Usha School of Athletics 4. STAIRS
2.	Encouragement to sports through corporate social responsibility	India Infrastructure Finance Corporate Limited
3.	Employment to sportspersons and other welfare measures	Reserve Bank of India
4.	Sports for Development	Subroto Mukherjee Sports Education Society

(vi) Maulana Abul Kalam Azad (MAKA) Trophy 2015-16

Punjabi University, Patiala The awardees will receive their awards from the President of India at a specially organized function at the Rashtrapati Bhawan on August 29, 2016.

Apart from a medal and a citation, Rajiv Gandhi Khel Ratna Awardee will receive a cash prize of Rs.7.5 lakh. Arjuna, Dronacharya and Dhyan Chand Awardees will receive statuettes, certificates and cash prize of Rs.5 lakh each. Recipients of Rashtriya Khel Protsahan Puruskar will be given Trophies and certificates. Overall top performing university in inter-university tournaments will be given MAKA Trophy, award money of Rs. 10 lakh and certificate.

PIB

Clarification on admissibility of Transport Allowance in the eases where the officers are drawing Grade Pay of Rs.10,000/- in PB-4

Clarification on admissibility of Transport Allowance in the eases where the officers are drawing Grade Pay of Rs.10,000/- in PB-4

No. 21(2)/2016-E.II(B)
Government of India Ministry of Finance
Department of Expenditure

New Delhi, 19th August, 2016.

OFFICE MEMORANDUM

Subject:- Clarification on admissibility of Transport Allowance in the eases where the officers are drawing Grade Pay of Rs.10,000/- in PB-4 – regarding.

Reference is invited to this Department’s Office Memorandum No.21(2)/2008-E.11(B) dated 29.08.2008. Para `3? of the O.M. stipulates that Officers drawing Grade Pay of Rs.10,000/- & above and those in the HAG+ Scale, who are entitled to the use of official car in terms of Department of Expenditure (DoE) O.M. No. 20(5)/E.II(A)/93 dated 28.01.1994, shall be given the option to avail themselves of the existing facility or to draw the Transport Allowance at the rate of Rs.7,000/- p.m. plus Dearness Allowance thereon.

2. Several references have been received in this Department seeking clarification on the admissibility of Transport Allowance to officers drawing Grade Pay Rs.10,000/- under Dynamic ACP Scheme or NFU Scheme. A few cases have also been filed in the Courts in this regard. Hon’ble Central Administrative Tribunal (CAT), Principal Bench, New Delhi, in Order dated 13.05.2014 in U.A. No.4062/2013 filed by Shri Radhacharan Shakiya & Others V/s Union of India & Others, held that the Applicants were not entitled to draw Transport Allowance @ Rs.7,000/- pm. plus DA thereon. The said order of the Tribunal has also been upheld by Hon’ble High Court of Delhi in their Order dated 03.09.2014 passed in Writ Petition (Civil) No. 3445/2014, filed by Shri Radhacharan Shakiya & Others,

3. Accordingly, it is clarified that the officers, who are not entitled for the use of official car for commuting between residence to office and back, in terms of DoE’s OM 20(5)/E-II(A)193 dated 28.01.1994, are not eligible to opt for drawal of Transport Allowance @ Rs.7000/- p.m. + DA thereon, in terms of DoE O.M. No.21(2)/2008-E.II(B) dated 29.08.2008, even though they are drawing Grade Pay of Rs.10,000/- in PB-4 under Dynamic ACP Scheme or under the scheme of Non-Functional Upgradation (NFU).

sd/-
(Nirmala Dev)
Deputy Secretary to the Govt. of India

Source : finmin.nic.in

BSNL retirees seek 7th Pay Commission benefits

BSNL retirees seek 7th Pay Commission benefits

Coimbatore: Tamil Nadu Circle of All India BSNL Pensioners Welfare Association today urged the Centre to extend the benefits of 7th Pay Commission to BSNL retirees, who were also covered under the government pension scheme.

In a resolution adopted at the 5th Circle Conference here, the association said all the BSNL pensioners should be brought under the Central Pay Commission and the benefits be extended to them with effect from January 2017.

The other demands include withdrawal of Pension Fund Regulatory and Development Authority Act, reintroduction of medical allowance to pensioners, preventing sale of shares of PSUs including BSNL and so on, it added.

PTI

7th Pay Commission Effect – Coal India, Fire Service, Contract Workers demand minimum Rs.18,000 – The first indications of the recommendations of the 7th Pay Commission (CPC) triggering demands for salary hike have begun

7th Pay Commission Effect – Coal India, Fire Service, Contract Workers demand minimum Rs.18,000 – The first indications of the recommendations of the 7th Pay Commission (CPC) triggering demands for salary hike have begun.

The first indications of the recommendations of the 7th Pay Commission (CPC) triggering demands for salary hike have begun in right earnest with Coal India Limited (CIL) workers set to join the general strike on September 2. Among the many demands include minimum monthly salary of Rs. 18,000, similar to the one proposed by the 7th CPC and accepted by the Central government employees.

CIL informed about the September 2 strike in a regulatory filing to the Bombay Stock Exchange (BSE) on Saturday morning. The coal workers will be joining other trade unions that have called for a general strike in which about five lakh bank employees are also likely to participate.

Of the 13 demands listed in the charter are hike in minimum monthly salary, halt to disinvestment of public sector undertakings, increased gratuity, discontinue the practice of recruiting people on contract basis and regularise employment of those hired on contractual terms.

“We have received a communication of strike notice dated 19th August 2016 for general strike on 2nd September 2016. Efforts are being made for conciliation process. If they resort to strike, it will affect production and dispatch of coal,” CIL said in its filing with the BSE.

Not lagging behind, sweepers and fire services employees held a march in Sonepet, haryana yesterday under the banner of the Nagarpalika Karamchari Sangh (NKS), Haryana, affiliated to the Sarv Karamchari Sangh.

The protesters were demanding the abolition of the appointment on contract basis and through outsourcing and the benefits of the 7th Pay Commission.

The protesters, led by state NKS president Naresh Kumar Shastri, raised slogans in support of the demands and marched through different areas. They handed over a memorandum of their demands to Urban Local Bodies Minister Kavita Jain at her house in Sector 15.

The minister said after the Assembly session, a high-level meeting would be convened in the second week of September to mull over the demands and representatives of the NKS would also be invited. The minister assured them that their legitimate demands would be accepted.

However, Finance Ministry sources indicate, “The demand of central government employees through National Joint Council of Action (NJAC) for hiking minimum pay Rs 18,000 to Rs 26,000 may be considered by the National Anomaly Committee but they can do nothing.

“Now, it is generally seen that Public Sector Undertaking employees get less pay than the central government employees and they will demand to hike pay equivalent to central government employees. So, the focus has now shifted to PSUs- whether they would implement a similar pay hike for their employees or not.”

“If they hike pay for their employees, the central government is likely to face difficulty in bearing this extra financial burden. Accordingly, central government employees demand for hiking minimum pay of Rs 18,000 may not be accepted,” they said.

Feasibility of implementation of recommendations accepted by GOI contained in paras 10.1.67 & 10.1.68 of 7CPC report

Feasibility of implementation of recommendations accepted by GOI contained in paras 10.1.67 & 10.1.68 of 7CPC report

7th CPC recommendations-Open to amendments & corrections : Proposed draft representation regarding implementation of option 1 para 10.1.67

Representation on implementation of option -1 of 7th CPC relating to pre 2016 pensioners.

No. SG/BPS/PC7/016/08.

Dt.19 August, 2016

The Secretary
Deptt of Administrative Reforms & Pensioner’ Grievances,
Ministry of Personnel, Public Grievances & Pensions,
Patel Bhawan, New Delhi – 110001.
( Kind Attention: Shri Chirravuri Vishwanath IAS ).

Subject: Feasibility of implementation of recommendations accepted by GOI contained in paras 10.1.67 & 10.1.68 of 7CPC report.

Sir,
In connection with feasibility of implementation of recommendation contained in para 10.1.67 of 7CPC report relating to pre-2016 pensioners, the undersigned, on behalf of Bharat Pensioners Samaj (Federation) a conglomerate of over 628 pensioners Associations, submits as follows:

i). Your kind attention is invited to 5th CPC recommendation contained in Para 137.14 of the report together with GOI’s decision there on which reads as under:

The pension of all pre-1986 retirees may be updated by notional fixation of their pay as on 1.1.1986 by adopting the same formula as for the serving employees. Thereafter, all the past pensioners who have been brought on the Fourth CPC pay scales by notional fixation of their pay and those who have retired on or after 1.1.1986 can be treated alike regarding consolidation of their pension as on 1.1.1996 by allowing the same fitment weightage as may be allowed to the serving employees. However, the consolidated revised pay of the post held by the pensioner at the time of retirement. (137.14)

Govt Decision:

Accepted to the extent that pension of pre 1.1.96 retirees including pre-86 retirees shall be consolidated as on 1.1.1996 as recommended but the consolidated pension shall be brought on to the level of 50% of the minimum of the revised pay of the post held by the pensioner at the time of retirement. Nos. 45/86/97-P&PW(A) Part-II dt. 27.1099 & 45/1098-P&PW(A) dt 17.12.98 refer.

ii). Similarly 6th CPC recommendation on the subject of revision of pre-2006 pensioners were possible as per GOI orders contained in F No.38/37/08-P&PW(A) dated 01.09.2008 and amendments issued by DOP& PW thru F No.38/37/08-P&PW(A) dated 28-01-2013 wherein para 4.2 reads ” That is, the fixation of pension will be subject to the provision that the revised pension , in no case shall be lower than 50% of the minimum of the pay in the pay band plus grade pay corresponding to the pre revised pay scale from which the pensioner had retired. In case of HAG+ and above scales, this will be 50% of the minimum of the revised pay scale.”

iii). Pension record is of permanent nature and if it is to be destroyed, proper permission from the competent authority is to be obtained. In any case, these record can always be reconstructed taking the details from various sources available in the department and the material collected from the Pensioner. In this regard attention is also drawn to recent CAT Bombay Nagpur Bench judgement dated 09.03.2015 in case of Smt. Saija vs. General Manager, Central Railway O.A.No. 2131 of 2011(CAT Bombay Bench at Nagpur) It is also pointed out that never ever any department in any of the Court cases brought out the issue of non-availability of records.

2. It was possible to implement the above recommendations of pay panels and issue revise PPOs as records were traced out, probably due to some incentive given to the staff concerned for revising the PPOs of pre-1986 retirees involving notional fixation. Railway administration for certain gave incentive to the staff concerned for implementing 5th CPC recommendations. It is reliably learnt that as no incentive for additional work involved in revision of PPOs after 6thCPC was offered. Rly Admn did face some difficulties in implementing recommendations of 6th CPC and consequential issue of revised PPOs to pre-2006 retirees, still as per Rly Board 100% PPOs could be revised. Govt. records can speak of the position of incentive offered by various departments concerned. It is one of the suggestions to consider incentive to staff to ease the problem of locating old records/information required, since in 90% cases records are available and remaining can be recasted.

3. 7th CPC considered the long standing demand of pensioners retired in earlier CPCs regimes to grant them parity in fixation of pension with those retiring subsequently after implementation of its report. Accordingly, 7th CPC has recommended granting benefit of increments earned by the pensioner in the Pay Band and Grade Pay/Scale of Pay for 01.01.2006 Pensioners, while determining their notional pay as on 01-01-2016 at a level in the pay matrix given by the 7th CPC. Pension would be fixed at 50% of the notional pay so arrived.

4. Apprehension of non-feasibility of recommendation, discussed in para 3 , due to non-availability of records is further narrowed & not zeroed. PPOs issued at the time of retirement and revised afterwards do reflect changes prescribed by the Govt. in the pay scales on the recommendations of different Pay Commissions, record the stage of pay in the Pay Scale/Pay Band of a person retired. But it is silent on the number of increments earned after promotion to the grade in which a particular pensioner had retired. May please recall that pay fixation on promotion, as per FR 22, is arrived at after granting one increment in the pre-promotion scale followed by stepping up the same to the immediate next stage of pay in the higher grade if there is no stage after grant of increment in the lower grade. Some of the promotees may get fixed at the minimum (First stage) of the higher grade whereas others may get fixed at the second or third next stage depending upon the pay in the lower grade.

5. The recommendation of 7thCPC vide their para10.1.67(option1) for Parity of Pension is based on legal & Constitutional grounds and as such to maintain sanctity it needs to be implemented in toto.

6. It is a history that pensioners retired earlier were always at a discount in the matter of revised pensions.7th CPC has tried to give some relief to pre-2016 retirees. For the purpose of determining pension under para 10.1.67 of 7th CPC in cases where all attempts to trace records or to recast missing ones fail, it is suggested that such of the pensioners may be given option to get their notional pay determined on the basis of stage of pay in the grade indicated in the PPO this information is invariablaly available in all PPOs. If in some PPOs if LPD is not indicated it can be determined from family pension which is 30% of LPD

7. Fixation of notional pay of pre 2016 pensioners on the basis of the stage corresponding to the grade of pay in which a pensioner had retired would offer a fair & equitable option in all cases where records cannot be traced inspite of best efforts.

8 To meet the ends of justice, Bharat pensioners Samaj request that a personal hearing be granted to its delegation before any adverse decision is arrived at by the Committee.

Thanking you in anticipation.

With regards

Yours sincerely

sd/-
(S. C. Maheshwari)
Secretary General, Bharat Pensioners Samaj.

Source : http://scm-bps.blogspot.in/

Exemption of Railways from National Pension System (NPS) as recommended by the Honarable Railway Ministers

Under Secretary, Govt of India responds to GS/NFIR on the National Pension System

F. No.11/5/2016-PR
Ministry of Finance
Department of Financial Services

2nd Floor, Jeevan Deep Building,
Parliament Street, New Delhi

Dated the 5th August, 2016

OFFICE MEMORANDUM

Subject : Exemption of Railways from National Pension System (NPS) as recommended by the Hon’ble Railway Ministers- representation from National Federation of Indian Railwaymen (NFIR)

The undersigned is directed to enclose herewith a representation (in original) dated 26.06.2016 received from NFIR regarding the subject cited above.

2. In this regard, it may be stated that exemption of railways from NPS employees will have a bearing on the exchequer; Department of Expenditure (DoE) may take an appropriate action in this regard.

3. So far as proposals of Hon’ble Railway Minister in this matter is concerned, the reply to issues relevant to this Department were sent to DoE vide this Department’s OM dated 26.02.2016.(Copy enclosed)

sd/-
(Prabhu Dayal)
Under Secretary to the Government of India

Signed Copy

Payment to Government servants other than salary etc. through e-Payment

Payment to Government servants other than salary etc. through e-Payment

F. No. 1(1)/2011/TA/365
Ministry of Finance
Department, of Expenditure
Controller General of Accounts

Lokaayak Bhawan, Khan Market
New Delhi-110511
Date: 01-08-2016

OFFICE MEMORANDUM

Subject: Payment to Government servants other than salary etc. through e-Payment

A reference is invited to this office O.M. No. 1(1)/2011/TA/ 292 dated 31st March 2012' regarding payment to Government servants other than salary etc. through e-Payment from 1st April 2012. Since advancements in payment and banking technology have enabled a large number of transactions to be handled smoothly through the e-payment mode, the existing limit of Rs. 25,000 / - prescribed in paragraph 2 of this office. O.M. dated 31st March 2012 has been further reviewed. It has now been decided to lower the threshold limit to Rs. 10,000 /- in order to bring more payments. under the purview of direct credit by electronic transfer to the bank account of the payee.

2. All Ministries/ Departments of the Government of India are required with immediate effect to discharge all payments to Government servants, other than salary, above Rs.10,000/- (Rupees Ten thousand only) by issue of payment advices, including electronically signed payment advices.

3. In so far as payment of salary is concerned, employees may continue to have the option of drawing salary by cash, cheque or electronic payment mode irrespective of the amount involved.

4. . This issues with the approval of the Finance Minister.

(Soma Roy Burman)
Joint Controller General of Accounts

Source: www.cga.nic.in

Delhi government notifies implementation of 7th Pay Commission recommendations

Delhi government notifies implementation of 7th Pay Commission recommendations

New Delhi: The Delhi government has notified implementation of the Seventh Pay Commission recommendations, which provides 2.5 times hike in basic salaries and pensions of its employees and pensioners with effect from January 1.

The over one lakh employees of the city administration, will get the increased salaries from next month. The arrears will also be paid in one go next month, a Delhi government official said.

The hike in pensions and salaries will cost the exchequer around Rs 2,000 crore annually. The notification was issued after Lt Governor Najeeb Jung gave his approval for the same, the official said.

The move comes nearly one-and-a-half months after the Centre approved the recommendations of the pay panel.

“Arrears as accruing on account of revised pay consequent upon fixation of pay under CCS (RP) Rules with effect from January 1, 2016 shall be paid in cash in one installment along with the payment of salary for the month of August, 2016, after making necessary adjustment on account of GPF and NPS, as applicable, in view of the revised pay,” Deputy Secretary Manoj Kumar said in a written communication to head of all departments.

As per the the new scales of pay, the basic salary at entry-level is going up from Rs 7,000 per month to Rs 18,000, while at the highest level i.e. secretary, it would go up from Rs 90,000 to Rs 2.5 lakh. For class one officers,the starting salary will be Rs 56,100.

PTI

New allowances from October says Finmin: 7th Pay Commission

New allowances from October says Finmin: 7th Pay Commission

New Delhi: The new allowances for the central government employees is likely to be implemented from October 1, a senior Finance Ministry official told.

“Definitely, the new allowances on recommendations of 7th Pay Commission will be made effective soon. However, if its implementation is delayed it will be given effect from October 1,” the official told our reporter.
The finance ministry official said the Finance Secretary committee will submit its report by September end.
The official said alongside main allowances, the Finance Secretary committee will recommend various reforms in allowances hence it will take some time to implement those after scrutinising.

The Union Cabinet cleared the recommendations of 7th Pay Commission in respect of the hike in basic pay and pension on June 29 but decision on its suggestions relating to allowances has been referred to a Committee headed by Finance Secretary.

Accordingly, notification and resolution for the implementation of the 7th Pay Commission recommendations in respect of the hike in basic pay were issued on July 25.

The pay fixation and arrears related Office Memorandum No.1-5/2016-IC and Corrigendum dated July 29 and dated August 1 respectively were issued for paying arrears in one go in August salary.

According to Union Cabinet decision, a Committee headed by Finance Secretary Ashok Lavasa and Secretaries of Home Affairs, Defence, Health and Family Welfare among others as its members was constituted on July 22 for examination of the recommendations of 7th Pay Commission on allowances other than dearness allowance.

The pay commission headed by Justice A K Mathur had recommended abolition of 51 allowances and subsuming 37 others after examining 196 allowances.

The scrapping of the allowances was opposed by the central government employees’ Unions and so it has been referred to a Committee of Secretaries.

Finance Minister Arun Jaitley said in Rajya Sabha in this month, “These measures are radical in nature, even the employees’ unions have given their suggestions in the matter and therefore the committee has been formed to look into allowances. Whatever the committee decides, it will go to the Cabinet.”

The first meeting of the Finance Secretary Committee on allowances already took place on August 4.
The once in a decade pay hike has seen burden on exchequer rise from Rs 17,000 crore in the 5th Pay Commission to Rs 40,000 crore in the 6th and Rs 1,02,100 crore in the 7th Pay Commission, Jaitley earlier said.

“The Union government needs funds. The Pay Commission has put a burden of Rs 1.03 lakh crore,” Jaitley said in the Parliament in this month.

The hike in the salary component as recommended by the 7th Pay Commission was accepted with retrospective effect from January 1, 2016. The arrears will be paid to the Central government employees and pensioners on August 31, Jaitley added.

It is noted that no arrears for allowances will be paid, as per usual practice, the allowances would be paid from the date of implementation.

The recommendations of the 7th Pay Commission cover 48 lakh Central government employees and 52 lakh pensioners.

TST

Government may pay Rs 34,600 cr salary hike arrears in August salary – India Ratings and Research

Government may pay Rs 34,600 cr salary hike arrears in August salary – India Ratings and Research

Government may pay Rs 34,600 cr salary hike arrears in August salary – The government had last month announced that it will pay its employees arrears arising out of implementation of the 7th Pay Commission award at one go in August salary.

Government may disburse Rs 34,600 crore to its employees as salary hike in August as arrears because of implementation of the 7th pay panel recommendations, India Ratings and Research said on Wednesday.
The government had last month announced that it will pay its employees arrears arising out of implementation of the 7th Pay Commission award at one go in August salary.

“The combined outgo for the Centre on account of arrears for January to July and payments for August will total Rs 34,600 crore,” Ind-Ra said in a statement.

The outgo due to the hike in salary and pension is unlikely to cause significant systemic liquidity disruption, it said.

According to Ind-Ra, the banking system liquidity will experience transient frictional tightness ahead of the payment of arrears.

“The government is likely to go slow on spending as it gears up to meet lumpy payments. Temporal adjustments notwithstanding, the overall liquidity conditions will be cushioned as RBI will transfer its profit to the government of India,” it said.

In the current fiscal, the Reserve Bank will transfer its surplus profit of Rs 65,876 crore.

Out of the Rs 1.02 lakh crore gross impact of the 7th Pay Commission on the exchequer, the Budget has made a provision to the extent of Rs 93,325 crore.

“Any shortfall arising out of the salary hike payment is likely to be marginal and will not significantly affect the country’s fiscal position,” the rating agency said.

There shall be two dates for grant of increment – January 1 and July 1 every year – instead of the existing July 1 only.

Source: ET