No option 1 ? It's unfair

Govt’s decision that 7CPC Pension fixation under Option 1 would be made subject to feasibility is unfair – NC(Staff Side) Secretary wrote to FM regarding the two options recommended and removal of the sentence “subject to feasibility” in Option I.

Quotes from Industry

"The Seventh Pay Commission is like a booster dose (for the Mutual Fund / Capital market) " -- Axis Mutual Fund.

"7CPC payouts will boost demand (of commodities) in long term " -- Hindustan Unilever Ltd.

Committee for Min pay and Fitment factor

Govt , it seems, have appointed a Committee to look into "the allowances aspects" of 7CPC. But though the Govt said they are appointing another Committee to look into "Minimum wage and Fitment factor" aspects, , such a Committee is yet to be constituted. The Committee will be given four months time to make recommendations, from the date of  its  formation. So, Govt, it looks, is playing delay tactics to postpone full  implementation of 7CPC recommendations.

We have no options  but to wait and see !

Govt Orders on 7CPC this week ?

There are unconfirmed reports  that the Govt is likely to issue 7CPC implementation orders this week 

(  Without changes and new Committee's )

Just a reminder

This is a reminder !  It will save you from lot of hassles !  It's about Income Tax Returns.  It's time to :

File OR e-File your Income Tax Return for the FY 2015-16 (Assessment Year 2016-17)

Last date is July 31 (unless they extend the dates !)

No strike on 11th July

Employees Unions have decided to defer the July11 Strike by 4 months. Govt assured that a new high-level committee will soon be set up to look into the grievances raised by the employee unions.

Congrats Sri. Dhekane

Congratulations

Sri. M V Dhekane

on your elevation to 

Director, IISU