Dearness gains - Bonanza time

The news item with the graphic is taken from "Outlook MONEY ( May 2015 issue)."

It's about the recent DA increase (1 July).  Oh... this is the way our media looks at such things.
What does the BLACK graphic convey ? I think it is highly negative !  If you feel different , please comment.

Receipt for Life Certificate

RBI has directed Banks to issue a receipt/acknowledgement  for the 'Life Certificate" from the pensioners, if submitted in physical form. Please read the full news (Business Line, 8-5-2015)

OROP and Finance Commission

The 14^th Finance Commission , in its recent report, have observed the following.

“A   potential fiscal  liability may arise in the  future with the introduction of OROP scheme for Defence services.”

Though a budget provision has been made in FY 2014-15 towards OROP, the payment has not been made. Hence the payment was deferred to FY 2015-16.  The estimated increase on this account is  6.62%.

The Finance Commission also stated that “ the pension  expenditure may increase by 8.7 % in 2015-16, and by 30 % in 2016-17. 

This clearly indicates that 7CPC implementation would happen only in 2016-17.

Govt's view on employees' demands

The JCM  Standing Committee meeting on 5-2-2015 at Delhi was an occasion for the Government to show their mind on  Pensioners (and employees) demand of Interim relief  and DA  merger. What the Government said is :

Interim Relief -  IR is normally given if there is an apprehension of abnormal delay. 7CPC has confirmed that they would adhere to the  time schedule .  So, NO Interim Relief.

DA/DR merger -  Since the Pay Commision would be submitting their report soon, thequstion of merger would automatically be addressed therein. So, NO DA merger.

Date of effect of implementation -  It’s te prerogative of the Pay Commission to recommend the date of effect. Govt’e role comes only after the CPC report is made available.

Modified Parity - Under Government's considration

In a communication to the AIFPA, Chennai, the Govt has intimated that :

" in so far as the extension of modified parity for pensioners retired before 1-1-2006 is concerned, the case was sub-judice as an SLP No. 36148-50/2013 filed by the Union of India was pending in Supreme Court of India. The said SLP has been dismissed by the Hon'rble Supreme Court on 17-03-2015. Further action after dismissal of SLP is under consideration in the Government"
"

Let's all pray that the "consideration" would become fruitful and immediate.

Recent CHSS Circulars

The latest  CHSS Circulars  are  available here for you to read / download

Circular dated 27-3-2015  - ICU/room rent charges

Circular dated 27-3-2015  -  Modern Diagnostic Services, Sreekaryam

Circular dated 13-4-2015  -   De-recognition of IP/OP at KIMS

Circular dated 20-4-2015  -  Guidelines for  AMOs/ Beneficiaries

Click here to read/download these CHSS Circulars

Income Tax - Tax base stagnating !

Here is an interesting statistics on IncomeTax !  (from Business Line)