Constant Attendance Allowance Hiked

Constant Attendance Allowance Hiked

The constant attendant allowance given to a retired employee has increased to Rs 6,750 per month from the existing Rs 4,500, by an official OM issued now. This is effective from 1-7-2017.

The allowance is sanctioned if, in the opinion of a competent medical authority, a 100 per cent disabled retired employee needs the services of a constant attendant for at least three months.

Accordingly, the allowance has been hiked from Rs 4,500 to Rs 6,750 per month, said the order issued by the Ministry of Personnel, Public Grievances and Pensions.

Ref :   DPPW  OM No. No.1/4/2017–P&PW (F)  Dt. 2-8-2017

I am an Indian - Music from ISRO

Our younger brothers are making wonderful  Rockets and Satellites. They also make MUSIC !!

Congratulations to the team of  video "I am an Indian".  Please watch it now at YouTube.
Click the link below.


I am an Indian

Tail end :

Our bosses,  those days,  used to make music, and we all did dance to their tune  !!
Today,  these young men make music.  Their bosses must be dancing !!

Here is a paper report (TheHindu) on this.

New Gen and retirement blues

Reproduced from TheHindu, we have two quite interesting reads. Go ahead ... you will feel better !

Antrix - CBI - Dr. G Madhavan Nair

It's my best hope !  I dont wish any ISROite to be branded or accused as a "bad boy".  But what to do ! ?

Please read this news item appeared in TheHindu last day.

History from Dr. Geoge Joseph

These are the days of creating History !  ISRO certainly creates history the every other day, and we all are really proud of it.
Former top guns too, it looks, are busy in creating history through their autobiograhy. The latest in the list is  Dr. George Joseph, former Director , SAC. This is more of a Technical one than his Autobiography.  Hats off to you sir !!




Here is a review of his book (TheHindu)   , titled "India's journey towards excellence in building earth observation Cameras"

More about Dr. George Joseph   Click here to go to Wikipedia

"ISRO Pensioner"

ISRO Pensioner

The July 2017 issue of the  inhouse journal of ISRO PENSIONERS' ASSOCIATION  is just published.

Autobiography of Mr. G Madhavan Nair

അഗ്നിപരീക്ഷകൾ
Autobiography of our former Chairman, Sri. G Madhavan Nair.

" Autobiography by G Madhavan Nair , former Chief of ISRO. A book which ignites the Indian minds after APJ Abdul Kalam's Agnichirakukal. In this book he unleashes many untold stories related to ISRO and Indian Space History."

Books of G MADHAVAN NAIR

Add to cart Add to wish AGNIPAREEKSHAKAL Author : G MADHAVAN NAIR Category : Publisher : DC BOOKS Language : MALAYALAM Face Value :  ₹ 399.00 Special Price :₹ 359.00 Total Votes: 20 Autobiography by G Madhavan Nair , former Chief of ISRO. A b...

Concordance Tables - discrepancies ?

By this time, you all would have studied the Concordance table relevant to your Grade / Level.  Did you convince yourself that  your pension shown in the Table is right ?

But ...  it looks there is a discrepancy in Level 13 ( Sci/Engr SF ).. ie. Concordance Tables 43/44/45.

Please remember that the IOR (Index of Rationalisation ) , for Level 13 , has been modified to 2.67 against 2.57 given earlier.  The concordance tables seem to be computed with 2.57 only. It should have been with 2.67.

Please see below, a tabulation of the computation.  Please go through and comment.

For        Pre 2006 ,            Level 13,             GP 8700,                 Sci/Engr SF
	Basic Pay from 1.1.96 to 31.12.2005	Basic Pay from 1.1.2006 to 31.12.2015	Notional pay as on 1.1.2016	Next higher in Pay Matrix	Revised Pension from 1.1.2016	Revised pension as per Concordance Table	Notional pay as on 1.1.2016	Next higher in Pay Matrix	Revised Pension from 1.1.2016
			X  2.57				X  2.67   ( as per revised PayMatrix, dt. 16.5.2017 )
	14300  to  14700	46100	118477	118500	59250	61550	123087	123100	61550
	15100  to 15500	47230	121381	122100	61050	61550	126104	126800	63400
	15900  to 16300	48390	124362	125800	62900	63400	129201	130600	65300
	16700  to 17100	49590	127446	129600	64800	65300	132405	134500	67250
	17500  to  17900	50820	130607	133500	66750	67250	135689	138500	69250
	18300  to  18700	52090	133871	137500	68750	69250	139080	142700	71350
	19100  to  19500	53400	137238	137500	68750	69250	142578	142700	71350

3.5 %

Obviously, most of  the Pensioners have FDs in the Bank.  Now, they may be getting a return of  8  %  pa, at best. And , after Income Tax, its just about 7 % ... that's all.

In your SB account, now you earn a mere 4 %.  And, from today onwards, its only 3.5 %.  This will be immediately followed by a reduction in FD interest rates as well. 

What does this all mean to you ??  Your money in the Bank will not get you anything good !  Think well... find other investment options that suit you.