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7th Pay Commission to give three times increase in salary of central government employees,Please read this news paper report published in Bhaskar:-
Saturday, September 26, 2015
7th CPC likely to propose minimum pay Rs 20,000 of central government employees
New Delhi: The Seventh Pay Commission is likely to propose minimum basic salary Rs 20,000 of central government employees.
Highly-placed sources in the pay panel said on Monday, “the average increase in basic pay for all government employees will be in the region of 30-40%.”
Currently, the minimum basic salary of central government employees is Rs 7730 with Grade pay excluding dearness and other allowances. After the Seventh pay commission recommendations will come into force, the minimum basic salary will be 20,000 excluding dearness and other allowances.
A competitive minimum pay is important because it determines the the socialism view of the government and the higher number of central government employees are in the minimum pay slabs. Apart from giving good salary to lower grade employees, the pay panel also will have to consider the disparity ratio between its highest and lowest paid employees.
“A joint secretary gets now Rs 128,000 as monthly salary with dearness allowance. I do not expect it to go up to more than Rs 160,000,” a joint secretary-level official of the Central Government said.
The first, second, third, fourth, fifth pay and sixth pay commission recommended the minimum basic salary Rs 35, Rs 80, Rs 260, Rs 950, Rs 3050 and Rs 7730 respectively.
The Commission has already completed discussions with various stakeholders, including organisations, federations, groups representing civil employees as well as Defence services and is in the process of finalising its recommendations.
It’s now in the process of finalising its recommendations.
The Seventh Pay Commission is also likely to keep the retirement age of central government employees unchanged at 60 years, although most of the central employees bodies sought to increase the retirement age to 62 years in their memorandum in the pay panel.
“We are not going to either recommend lowering or raising the retirement age. If we lower the age limit, the pension burden will bust the government’s medium-term fiscal targets.” highly-placed sources in the pay panel said.
TST
7th CPC to submit its report soon, economical condition will decide increase in salary
7th Pay Commission to submit its report soon, economical condition will decide increase in salary,Please read this news paper report published in NBT:-
IGNOU to provide free education to central government employees
IGNOU to provide free education to central government employees
IGNOU to provide free education to central government employees,Please read this news paper report published in Hindustan:-
7th CPC Likely To Introduce Health Insurance to replace CGHS
In a move that could benefit more than 50 lakh central government employees and 56 lakh pensioners, the Seventh Pay commission is planning to propose to introduce health insurance scheme to replace Central Government Health Scheme (CGHS) at highly subsidized rates.
The pay panel has already held detailed discussions about this with various stakeholders, including organisations, federations, groups representing civil employees as well as Defence services.
The pay panel will ask the central government to urge the insurance industry to come up with feasible health insurance solution for the central government employees and pensioners. The IRDA, the insurance regulatory body of India, will be compelled to ask the health insurance companies to offer a basic insurance to every central government employee and pensioner, regardless of age or medical condition and are not allowed to make a profit off this basic insurance.
The serving central government employees in non-CGHS areas are provided healthcare facilities under the CS(MA) Rules, 1994, but pensioners are not covered under these rules.
The pensioners are, however, entitled to a fixed medical allowance of Rs 500 per month. The pensioners residing in non-CGHS areas have the option to become a CGHS member in any CGHS-covered city of their choice to avail the medical facilities under the CGHS Scheme.
Health insurance would be available for central government employees and pensioners till death, with the insured employees and pensioners will have to pay 50% of the premium from their salaries and pensions and the remaining 50% premium may be paid by the central government.
The health insurance would cover a family of six the employee and pensioner himself or herself, the spouse, two children and two parents. The maximum sum assured for family in a year could up to Rs 5 lakh.
Under the CGHS, the annual per capita expenditure is more than Rs 5,000. In contrast, the National Rural Health Mission (NRHM), which caters to the rural masses, spends just Rs 180 per head.
The CGHS is financed mainly through the Centre’s tax revenues. Though beneficiaries do contribute a share of their wages towards premium, ranging from Rs 600 to Rs 6,000 a year depending on their pay scale, this accounts for just about 5 per cent of the total expenditure. The government shells out the remaining 95 per cent.
So, the central government also wanted for ending the CGHS in its current form and to move to an insurance-based health scheme to cut costs.
7th Pay Commission to file its report soon – NDTV News
Seventh Pay Commission is ready with its recommendations on revising emoluments for nearly 48 lakh central government employees and 55 lakh pensioners, and will soon submit report to the Finance Ministry.
Earlier in August, the government had extended Commission’s term by another four months till December 31 to give recommendations.
“The Commission is ready with recommendations and the report will be submitted soon,” according to sources.
The Commission, whose recommendations may also have a bearing on the salaries of the state government staff, was given more time by the Union Cabinet just a day before its original 18-month term was coming to an end.
Headed by Justice A K Mathur, the Commission was appointed in February 2014 and its recommendationsare scheduled to take effect from January 1, 2016.
The government constitutes the Pay Commission almost every 10 years to revise the pay scale of its employees and often states also implement the panel’s recommendations after some modifications.
As part of the exercise, the Commission holds discussions with various stakeholders, including organisations, federations, groups representing civil employees as well as defence services.
Meena Agarwal is the secretary of the Commission. Other members are Vivek Rae, a retired IAS officer of 1978 batch and Rathin Roy, an economist.
Sixth Pay Commission was implemented with effect from January 1, 2006, the fifth from January 1, 1996 and the fourth from January 1, 1986.
Source: NDTV
Department of Posts endorsed the Pre-2006 Pension Orders
The AIPRPA CHQ had intervened with the DG Department of Posts
for early endorsement of Pension Ministry orders for refixation of Pre-2006
Pensioners and Family Pensioners. The above orders are now received in
Head Post Offices after duly endorsed by respective level of offices. It can be
seen that the endorsement orders are originally dated as 31-07-2015 but it is
received and circulated only after our intervention through emails and letters.
K.Ragavendran
General Secretary
AIPRPA
Central Government employees expect a favourable change in MACP from 7th CPC
Newspapers continuously update us with news about the recommendation of the 7th Pay Commission which holds the highest expectation levels at present. From such sources, we come to know that the recommendations of the 7th Pay Commission are going to be submitted on 31st of October and they may come to force from 1/4/2016.
Pay structure is very important and equally important is the promotion policy.
Assured Career Progression (ACP) which was introduced in the 5th Pay Commission, provided some comfort for the employees who suffered from lack of promotions for long years. Before this, promotion was just an illusion. Labour Unions and Federations of the Central government employees got these benefits for us after much struggle.
In the recommendations of the 6th Pay Commission, which came after this, ACP was changed to MACP (Modified Assured Career Progression) and it provided an opportunity for employees who were not promoted for the last ten years to enter the next Grade Pay.
In this, the benefit was very small as 1800, 1900, 2000, 2400, 2800, 4200, 4600, 4800 (excluding 2800-4200). Many issues in this method of Grade Pay still lie unresolved before the National Anomaly Committee.
Hence, lakhs of Central Government employees expect a favourable change in MACP at least through 7th Pay Commission. During his or her service period, an employee must have at least five promotions. This has been an important plea of the Central Trade Unions.
The benefit of the first MACP has to be given after 8 years of continuous service and the benefit of the successive MACP has to be given after 7,6,5 and 4 years of continuous service.
If the benefits of MACP were such, certainly all the central government employees will be highly encouraged and will work hard to make all the Central Government plans and activities a great success.
This will definitely increase the productivity of the Central Government and the associated industries. Due to this, the relationship between the government and the employees will become more harmonious and there will be a peaceful working environment.
Tax benefits on National Pension Scheme (NPS)
An investor within the scheme has an option to choose funds based on her level of safety and risk in addition to choosing her own fund manager
The National Pension System (NPS) has been advertising a lot about the new tax deduction of Rs.50,000 for tax payers. I wanted to know more about the new deduction under section 80CCD(1)(b). Is this available only for people whose employers are investing in NPS on their behalf, or is this available for general public as well? How does the deduction work with respect to other tax benefits?
—Praveen Aggarwal
NPS is a voluntary pension scheme regulated by the Pension Fund Regulatory & Development Authority (PFRDA). It was introduced as an investment option to provide for the country’s growing working community to ensure that they have an option to save for their retirement needs. The purpose was to replace the existing system of defined benefit pension to a defined contribution-based pension system.
An investor within the scheme has an option to choose funds based on her level of safety and risk in addition to choosing her own fund manager. The returns are market-linked and, hence, do not give any form of guarantee.
NPS follows an EET (exempt-exempt-tax) model—exempt at the time of contribution or investment, exempt at the time of earnings and taxable at the time of withdrawals.
Section 80CCD under the Income-tax Act, 1961, provides the tax incentive at the first stage of investment—for getting the benefit of deduction for contributions made towards NPS.
This deduction is available to all individuals—salaried as well as non-salaried. This deduction was earlier restricted to Rs.1 lakh for each financial year under section 80CCD(1) and was subsequently increased to Rs.1.50 lakh.
To further boost savings, in Budget 2015, a new section, 80CCD 1B, was introduced, under which an additional deduction of up to Rs.50,000 was allowed for contribution made towards NPS. This made the total deduction under section 80CCD to Rs.2 lakh.
If we go through the provisions of section 80CCD, there is a lack of clarity whether the additional deduction of Rs.50,000 is after exhausting the limit of 10% of salary. Is the cap on deduction of up to 10% of salary (basic + dearness allowance) under section 80CCD (1) and within the overall ceiling of Rs.1.50 lakh or is it over and above the ceiling of Rs.1.50 lakh?
While this ambiguity remains, the intent was clarified in an example quoted by the finance minister in his budget speech this year, in which it was clarified that the assessee can claim additional deduction and the deduction of Rs.50,000 was over and above the ceiling of Rs.1.50 lakh.
Let’s take an example. If you have exhausted your Rs.1.50 lakh limit of deduction under section 80C by savings in Public Provident Fund (PPF), insurance premiums, repayment of housing loan, among other things, you can further increase your tax savings by contributing up to Rs.50,000 towards NPS.
You could open an NPS Tier I account, which is the first level, to claim the tax benefits.
Read at: LiveMint
Kerala Postal circle earned Rs 3.25 crores for distribution of text books to schools throughout the state
- Kerala Circle is providing logistics support for distribution of text books to schools throughout the state for the last 3 academic years.
- The scope of the work involved Kerala Books and Publishing Society (KBPS) to transport and stock the bundles of text books at 14 district hubs.
- DoP to further distribute these books to about 3800 identified school societies covering all the 14 districts of the State.
- Last year the circle transported 2.4 crore text books weighing about 5000 tonns and Rs 3.25 crores earned as revenue.
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