Union Cabinet approved increase of DA by 10 % wef 1-1-2014.
Friday, February 28, 2014
Wednesday, February 26, 2014
DA 10 % ; 7CPC
The Union Cabinet is expected, on next Friday, to consider raising the DA by 10 % (wef 1-1-2014). This will make the DA 100 % !! This will benefit 50 lakh serving employees and 30 lakh pensioners.
The terms of reference of the 7th Central Pay Commission is likely to be approved by the Cabinet on this day.
The terms of reference of the 7th Central Pay Commission is likely to be approved by the Cabinet on this day.
Tuesday, February 25, 2014
Monday, February 24, 2014
DA merger with Basic Pay
Newspaper reports :
The Union Cabinet could approve a proposal to merge dearness allowance (DA) with basic pay, benefiting about 50 lakh central government employees and 30 lakh pensioners.
The Cabinet may also hike dearness allowance (DA) by 10 percent to 100%.
As per practice, the DA is merged with basic pay when it breaches the 50% mark. DA merger helps employees as their other allowances are paid as a proportion of basic pay.
The Union Cabinet could approve a proposal to merge dearness allowance (DA) with basic pay, benefiting about 50 lakh central government employees and 30 lakh pensioners.
The Cabinet may also hike dearness allowance (DA) by 10 percent to 100%.
As per practice, the DA is merged with basic pay when it breaches the 50% mark. DA merger helps employees as their other allowances are paid as a proportion of basic pay.
Smt. Rekha, Sci/Engineer, VSSC
Do you know Rekha ?
She’s a former employee of ISRO !
Yes, she was with the Avionics Group till 2002 (doing
Telemetry Systems)
About ISRO, now she says : “It was a very exciting
time….. ISRO gave me a holistic view of
Projects , people management, and team work”.
After her ISRO tenure, she moved on to UST Global (for 10
years) and now she is the COO of Ness Technologies (An Israel based
IT - MNC company).
Congratulations
Rekha, we are proud of you.
( Based on an article in The Hindu Weekend supplement,
dt.15-2-2014)
Food subsidy Vs OROP
Food subsidy
can fill poverty gap twice !
A Hindu
front page report highlights how money is lost on account of paying for
inefficiency and FCI incurring huge
costs on holding food grains.
The poverty
gap estimated is 55744 crores.
Interim budget provides 92000 crores (to be restricted to 115000 crores )
How, do you think, the difference vanishes ?
But why do I talk about food safety and subsidies now ? The implementation of
OROP justice to the Defence pensioners costs about 5000 crores. And that for the whole Central Govt employees
would cost about 9000 crores. This is
being treated as a heavy burden on Govt finances. How can this be justified ? A genuine and just expenditure Vs a
ten fold misuse !!
Saturday, February 22, 2014
Commutation is good for all !
Now, there are only two sets of people thinking over 'commutation'.
First, ISRO pensioners ! Most of them (all ?) , it seems, are opting to commute their increased pensions (on account of the 2 increment addition).
Second, RajivGandhi killers ! Their capital pinishment has been commuted by the supreme judiciary.
(take it light yaar ... )
An introspection
Did you read the article "A never-ending spree", in an earlier post (dt 20-2-2014) ?
Then read the last paragraph again. It reads as :
This is ridiculous. The need for a 'living wage' - the guiding principle for the first Pay Commission - is long past. It is time Government employees are asked the same tough question that all other working joes get asked at appraisal time - What have you delivered ?
Having served in a Government Organisation, ask yourself . Please post your views and comments here.
Thursday, February 20, 2014
2 increment arrears - Commute or not ?
Many of the beneficiaries of "2 additional increments" have raised the question whether or not to commute the 40% of the gain in pension. Now, experts in the field, having considered various factors (including Tax implications), advices to commute.
Send your option (in the prescribed format) to Sr Admin Officer, Est, VSSC.
Send your option (in the prescribed format) to Sr Admin Officer, Est, VSSC.
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