Delinking of qualifying service of 33 years for revised pension (JCOs/ORs and Commissioned Officers)

Delinking of qualifying service of 33 years for revised pension (JCOs/ORs and Commissioned Officers)

No.1(2)/2016-D(Pen/Pol)
Government of India
Ministry of Defence
Department of Ex-Servicemen Welfare

New Delhi, Dated , the 30th September 2016

The Chief of the Army Staff,
The Chief of the Naval Staff,
The Chief of the Air Staff,

Subject: Revision of pension of pre-2006 pensioners (JCOs/ORs and Commissioned Officers) -delinking of qualifying service of 33 years for revised pension.

The undersigned is directed to refer to this Ministry’s letter No- 7(4)/2008(1)/D(Pen/Pol) dated 11.11.2008 as amended, for implementation of government decision on the recommendations of the Sixth CPC for revision of pension/family pension in respect of Pre-2006 Armed Forces pensioner/Family pensioners. As per provisions contained in Para 5 of the letter, revised pension and revised ordinary family pension of all Pre-2006 Armed Forces pensioners/Family pensioners determined in terms of fitment formula laid down in Para 4.1 of above said letter dated 11.11.2008 should in no case be lower than fifty percent and thirty percent respectively, of the minimum of the pay band plus the Grade pay corresponding to the pre-revised scale from which the pensioner had retired/discharged] invalided out/ died including Military Service Pay and ‘x’ Group Pay, where applicable. The pension so calculated had to be reduced pro-rata where pensioner had rendered less than 33 years of qualifying service.

2. The above minimum guaranteed pension was revised w.e.f. 24.09.2012 vide GOI, MOD letter No. 1(11)/2012/D(Pen/Pol) dated 17.01.2013 in case of commissioned officers. As-per this letter, with effect from 2409,2012, the minimum guaranteed pension in respect of Pre-2006 commissioned officers/family pensioners should be determined as fifty and thirty percent respectively of the minimum of the fitment table for the rank in the revised pay band as indicated under fitment tables annexed to SAI 2/8/2008 as amended(equivalent instructions for Navy.& Air Force) and SAI 4/S/2008 (for MNS Officers), plus grade pay corresponding to the Pre-revised scale from which the pensioner had retired/ discharged/invalided out/died including M.S.P. The minimum guaranteed pension/family pension in respect of Pre-96 retired EC/SSC officers should be revised w.e.f. 24.09.2012 as 50% / 30% respectively of the pay in pay band corresponding to the pre revised scale of pay of Rs, 10500/- ( in terms of para 9(a)(l) of SAI 1/S/2008 ) plus grade pay of Rs 5400/ and M.S.P. of Rs. 6000/-.

3. The above minimum guaranteed pension was further revised, vide Ministry’s letter No. 1 (04)/2015/(l)-O(Pen/Pol) dated 3rd September, 2015 ( in r/o JCOs) and Letter No- 1(04)/2015/(11)-D(Pen/Pol) dated 3rd September, 2015(in r/o JCO/ORS). Pension/family pension in respect of Pre- 2006 Armed Forces pensioners/Family pensioners, has been determined as fifty and thirty percent respectively of the minimum of the fitment table for the rank in the revised Pay Band as indicated under fitment. tables annexed with 1/8/2008, 2/8/2008, 8 4/8/2008 as amended and equivalent instructions for Navy and Air Force, plus Grade Pay corresponding to the pre-revised scale from which the pensioner had retired! discharged/invalided-out/died including Military Service Pay and 'X'- group pay where applicable w.e.f. 01.01.2006. However, vide Ministry’s letter No. 1(7)/2014-D‘(Pen/Pol) dated 31.07.2015, the minimum guaranteed pension in case of Medical Officers of AMC/ADC/RVC has been revised by adding NPA, @ 25% of minimum of fitment table for the rank In the revised Pay band as indicated In the‘fitment table annexed with SAI 2/S/2008.

4. Now, GOI, Ministry of Personnel, PG & Pensions, Department of Pension Pensioners Welfare has Issued OM, No. 38/37/08-P&PW (A) dated 06.04.2016 for delinking of Qualifying Service with-pension for revision purpose. Therefore, it has been decided that w.e.f. 1.1.2006, revised consolidated pension and family pension of. pre-2006 armed forces pensioners shall not be lower than 50% and 30% respectively of the minimum of the pay in the Pay band plus. Grade Pay corresponding to the pre-revised scale from which the pensioner had retired/discharged/ invalided out/died including Military Service Pay and X group pay, if any, without pro-rata reduction of pension even if they had rendered qualifying service of less than 33 years at the time of retirement. Accordingly, Para 5 of this Ministry's letter dated 11.11.2008 would stand modified to this extent.

5. Revised table’s indicating minimum guaranteed retiring/service pension and Ordinary family pension have been annexed to this letter as follows:
Annexure A for commissioned officers (JCOs)
Annexure B for Army Pensioners (JCOs/ORs)
Annexure C for Airforce Pensioners (JCOs/ORs)
Annexure D for Navy pensioners (JCOs/ORs)

Pension Disbursing Agencies (PDA) are hereby authorized to step up the pension/ family pension of the affected. pre-2006 pensioners where the existing pension being paid to the pensioners, is less than the rata of pension indicated in above said annexures. Necessary implementation instructions to all concerned shall beissued by principal CDA (Pensions), Allahabad

6. The provisions of this letter shall take effect from 01.01.2006 and arrears, if any, shall be payable from 01.01.2006. Further, the pension/Family pension of the Armed Force Personnel has been revised a number of times in past vide various letters issued by this. Ministry, therefore, if pension already revised w.e.f. 01.01.2006, 01.07.2009, 24.09.2012 & 01.07.2014(OROP) under respective Govt. orders happens to be more than this amount. then Retiring/Service and Family Pension as per above orders will continue to be paid as basic pension during that period.

7. Payment of Life Time Arrears (LTA) : If a pensioner to Whom the benefit accrue-s under the provisions of this letter has died/dies before receiving the payment of arrears, the Life Time Arrears of Pension (LTA) shall be paid in the following manner:

(a) If the claimant is already in receipt of Family Pension or happens to be the person in whose favour Family Pension already stands notified and the awardee has not become Ineligible for any reason, the LTA under the provisions of this letter should be paid to such a claimant by the PDA on their own.
(b) if the claimant has already received LTA in the past in respect of the deceased to whom the benefit would have accrued. the LTA under the provisions of this letter should also be paid to such a claimant by the PDA on their own.
(c) If the Claimant is a person other’than the one mentioned at 7(a) & 7(b) above, payment of LTA shall be made to the legal heir/heirs as per extant Government orders on the subject.

8. Additional pension: The rate prescribed In these orders shall be the minimum guaranteed basics pension from 1.1.2006. Additional pension as applicable to the old aged pensioners/ family pensioners on attaining the relevant age (80 years and above) shall also be enhanced by the PDAs, where beneficial from 1.1.2006 or the date from which the pensioner attain the age of 80 years or more, whichever is later as per the extant orders on the subject.

9. All other terms and conditions shall remain unchanged.

10. This issues with the concurrence of Finance Division of this Ministry vide their ID No. 10(6)/2016/FIN/PEN dated 29.9.2016.

5 . Hindi version will follow.

Yours faithfully,
sd/-
(Manoj Sinha)
Under Secretary to the Government of India

Authority: http://www.desw.gov.in/

Resolution on pensionary matter on recommendation of 7th CPC

Resolution on pensionary matter on recommendation of 7th CPC

(TO BE PUBLISHED IN THE GAZETTE OF (EXTRAORDINARY), PART SECTION III)

GOVERNMENT OF INDIA
MINISTRY OF DEFENCE
DEPARTMENT OF EX-SERVICEMEN WELFARE

RESOLUTION

New Delhi, the
30th September, 2016

The Terms of Reference of the Seventh Central Pay Commission as contained in Ministry of Finance (Department or Expenditure) Resolution (A), dated 28.2.2014, as amended vide Resolution, dated 8.9.2015, inter alia , included the following:-

To examine. review, evolve, and recommend changes that are desirable and feasible regarding the principles that should govern emoluments structure, concessions and facilities/benefits, in cash or kind well the retirement benefits of the personnel belonging to the Defence Forces, having regard to the historical and traditional parities, with due emphasis on the aspects unique to these personnel.

2. The Commission submitted its report to the Government on 19th November, 2015. Government has considered the recommendations of the Commission on pensionary benefits to the personnel belonging to the Defence Force contained in Chapter 10.2 of the Report of the Commission and have decided that the recommendations shall broadly accepted subject to certain modifications.

3. Detailed recommendations the Commission relating to pensionary benefits and decisions taken thereon by the Government are listed in the statement annexed to this Resolution.

4. The revised provisions regarding pensionary benefits will be effective from 01.01.2016.

sd/-
(K. Damayanthi)
Joint Secretary the Govt. of India

ANNEXURE

Statement showing the recommendations of the Seventh Central Pay Commission relating to principles which should govern the structure of pension and other terminal benefits contained in Chapter 10.2 of the Report and the decisions of Government thereon.

Item No.	Recommendation for past Defence Forces personnel	Decision of Government
1	Revision of Pension of pre 7th CPC retirees The Commission recommends the following pension formulation for Defence Forces Personnel who have retired before 01.01.2016 : (i) All the Defence Forces who retired prior to 01.01.2016 (expected date of implementation of the Seventh CPC recommendations ) shall first be fixed in the Pay Matrix being recommended by this Commission, on the basis of the Pay Band and Grade Pay at which they retired, at the minimum of the corresponding level in the matrix. This amount shall be raised, to arrive at the notional pay of the retiree, by adding the number of increments he 1 she had earned in that level while in service, at the rate of three percent. Military Service Pay shall be added to the amount which is arrived at after notionally fitting him in the 7th CPC matrix. Fifty percent of the total amount so arrived at shall be the revised pension. (ii) The second calculation to be carried out is as follows. The pension, as had been fixed at the time of implementation of the VI CPC recommendations, shall be multiplied by 2.57 to arrive at an alternate value for the revised pension. (iii) Pensioners shall be entitled to the higher of the two. It is recognized that the fixation of the pension as per formulation (i) above may take a little time since the records of each pensioner will have to be checked to ascertain the number of increments earned in the retiring level. It is, therefore, recommended that in the first instance the pension, may be fixed in terms of formulation (ii) above, till final fixation of the pension under the Seventh CPC matrix is undertaken. (Para 10.2.87 & 10.2.88 of the Report)	Both the options recommended by the 7th Central Pay Commission as regards pension revision be accepted subject to feasibility of the implementation. Revision of pension using the second option based on fitment factor of 2.57 be implemented by multiplying the pension drawn on 31.12.2015 immediately. The first option may be made applicable if its implementation is found feasible after examination by the Committee comprising Secretary (Pension) as Chairman and Member (Staff) Railway Board, Member (Staff) D/o Posts, Additional Secretary &FA M/o Home Affairs and Controller General of Accounts as Members
2	Rates of Pension, Family Pension & Special Family Pension The Commission does not recommend any further increase in the rate of Pension for JCOs/ORs. (Para 10.2.22) No change is being recommended by the Commission for either civilian or defence pensioners in Enhanced Ordinary Family Pension. (Para 10.2.33) No further increase in the existing rate of Special Family Pension is recommended by the Commission. (Para 10.2.35)	Accepted.
3	Additional Pension and Family Pension to the older pensioners. No further increase in the existing rate of additional pension and additional family pension with advancing age is recommended by the Commiss:ion.(Para 10.2.24) No further increase in the existing rate of additional pension and additional family pension with advancing age is recommended by the Commission.(Para 10,2.37)	Accepted.
4	Pre-2006 Honorary Naib Subedar This Commission does not find any merit in re-opening an issue that has been clearly settled. Therefore no change is Being recommended in this regard. (Para 10.2.26 )	Accepted.
5	Defence Security Corps (DSC) personnel The Commission does not recommend reduction in the qualifying service for entitlement of second pension to Defence Security Corps (DSC) personnel from 15 to 10 years. (Para 10.2.28)	Accepted.
6	Depression in Pension for Qualifying Service The Commission observes that pension formulation is appropriate and finds no justification for a review of the existing arrangements with regard to pension of Territorial Army personnel.(Para 10.2.30)	Accepted.
7	Inclusion of War Injury Element/Disability Element in Computation of Family Pension The Commission has not recommended any further change in the existing provisions with regard to inclusion of war injury element/disability element in the computation of family pension. (Para 10.2.39)	Accepted.
8	Enhancement in rate of disability pension. The Commission is of the considered view that the regime implemented post VI CPC needs to be discontinued, and recommended a return to the slab based system. The slab rates for disability element for 100 percent disability would be as follows Rank Levels Rate per month(INR) Service Officers 10 and above 27000 Honorary Commissioned Officers Subedar Major /Equivalents 6 to 9 17000 Subedar /Equivalent Naib Subedar /Equivalents Havildar/Equivalents 5 and below 12000 Nailc/Equivalents Sepoy/Equivalents	Accepted
9	Enhancing the Cover of Disability. The Commission recommends broad-banding of disability for all personnel retiring with disability, including premature cases/ voluntary retirement cases fo disability greater than 20 percent.(Para 10.2.57)	Accepted.
10	Additional old age Pension should be Applicable for Disability/War Injury Pension. No further enhancement by inclusion of elements of disability/ war injury pension has been recommended by the Commission.(Para 10.2.59)	Accepted.
11	Neither Attributable Nor Aggravated (NANA) cases, be awarded Disability Pension The Commission recommends that while the existing regulations involving disability Neither Attributable Nor Aggravated (NANA) by service may continue, it is for the authorities to establish, in each case, through a reasoned order that disability was Neither Attributable Nor Aggravated ANA) by military service. (Para 10.2.61)	Accepted.
12	War Injury Pension where Individual is Retained in Service The Commission does not recommend any change in the. existing regime of payouts for those with war injury and retained in service. (Para 10.2.63)	Accepted.
13	Ex-gratia Lump Sum Compensation to Invalided out Defence Personnel. The Commission has recommended an increase in the existing lump sum compensation of Rs. 9 lakh for 100 percent disability to Rs. 20 lakh. However it finds no justification to recommend broad banding for payment of Ex-gratia award to service personnel boarded out on account of disability/war injury attributable to or aggravated by military service.(Para 10.2.65)	Accepted.
14	Ex Gratia Disability Award to Cadets. The Commission, however, keeping in views the facts relating to cadets recommends an increase ex-gratia disability award from the existing Rs. 6,300 per month to Rs. 16,200 per month for 100 percent disability. (Para 10.2.67 )	Accepted.

Click to read the resolution
Authority: http://www.desw.gov.in/

Upgradation of Junior Accounts Assistants GP 2800 to GP 4200 in Railways: NFIR

Upgradation of Junior Accounts Assistants GP 2800 to GP 4200 in Railways : NFIR

NFIR
National Federation of Indian Railwaymen
3, Chelmsford Road, New Delhi -110 055

No.IV/NFIR/7CPC(Imp)/20I6/R.B.

Dated: 30/09/2016

The Secretary (E),
Railway Board,
NewDelhi

Dear Sir,
Sub: Upgradation of Junior Accounts Assistants GP 2800 to GP 4200 in Railways : Implementation of the VII CPC recommendations (Para 11.62.15) reg.

In the Railways, the Junior Accounts Assistants are recruited from the open market through Railway Recruitment Boards. The Candidates with Graduation as qualification are required to face written examination conducted by RRBs and once short-listed, have to appear in an interview. An examination in typing skills had also been introduced in Railways. Based on the combined marks secured in both the written examination and the interview, the RRBs assign them ranlg based on which the seniority is fixed and appointments given. The RRB rank goes a long way in determining the seniority in the panel for Appendix 3 IREM qualification and also in other examinations for selections to Group B Gazetted posts.

2. The directly recruited JAAs through RRBs are compulsorily required to qualify in the Appendix 2 IREM examination for their confirmation in the posts. If they fail in the Appendix 2 Examination in two attempts, they have no choice but to quit the job as their services will be terminated.  Para 11.62.14 (iv) of IREM Vol. II

3. The VII CPC has recognized the importance of App.2 and 3 IREM examinations while dealing with the Accounts Department pay structure. The Pay Commission has stressed the direct recruitment stage with Combined Graduate Level Examination (CGLE) in its report as placed below:

Para 11.62.14 of the VII CPC report: It has been demanded that the pay scale of Auditor/Accountant may be upgraded from GP 2800 to GP 4200. It has been stated that the recruitment to the post of Auditor/Accountant is by promotion from Clerks/Typists under seniority quota, promotion under examination quota and direct recruitment through a Combined Graduate Level Examination (CGLE) conducted by the Staff Selection Commission. It has also been pointed out that their job profile demands greater audit/accounting skills which justify higher pay scale.

Under Analysis and Recommendation, the VII CPC has stated the following:

Para 11.62.15: The Commission notes the CGLE is held for recruitment for different posts in GP 2800, GP 4200 and GP 4600. This Examination consists of written examination and interview. A candidate is given the choice to appear only in the written examination or both  written examinations and interview depending upon the post for which he/she is an applicant Applicants who have to clear both the written examination as well as the interview are eligible for recruitment for posts carrying higher grade pays of GP 4200/GP 4600. Applicants who do not have to clear the interview and are selected only on the basis of written examinations are placed in GP 2800. Although Auditors/Accountants are selected through CGLE, they are selected only on the basis of written examination. The Commission, therefore, recommends replacement pay levels for Auditors/Accountants.

4. In this connection, NFIR contends that since the VI CPC has recognized the Accounts Department of Indian Railways as belonging to Organized Accounts alongside Audit & Accounts, the dispensation recommended for Audit & Accounts will have to be extended to the Accounts Department of Railways as well in the case of JAAs as their recruitment is also through CGLE-Combined Graduate Level Examination conducted by RRB (in the case of Audit & Accounts, it happens to be Staff Selection Commission and both recruitment Bodies are on similar pattern) followed by interview.

5. Therefore, the grade pay of JAAs in Railways needs to be upgraded from 2800 to 4200 pursuant to the analysis and recommendations of the VII CPC (Part 11.62.15). Consequently, since the present AAs are of GP 4200, the following structure should fall in place: JAA-4200, AA-4800, SSO(A)/Sr.TIA/Sr.ISA-5400 (It is relevant to note that GP of 4600 does not exist in the hierarchy of Accounts Department as per the Gazette Notification issued pursuant to VI CPC recommendation, while it is taken for the limited purpose of MACPS).

NFIR, therefore urges upon the Railway Board to take necessary action for upgradation of JAAs to GP 4200/Pay Matrix Level 6 and revise the pay structure of Accounts Department Cadre in Railways as proposed vide para 5 above.

Yours faithfully,
sd/-
(Dr.M.Raghavaiah)
General Secretary

Source: NFIR

Tamilnadu Government Order: Sanction of Bonus and Ex gratia to the employees of State Public Sector Undertakings for the year 2015 to 16 payable during 2016 to 17

Sanction of Bonus and Ex-gratia to the employees of State Public Sector Undertakings for the year 2015-16 payable during 2016-17

TAMILNADU Government Employees Bonus 2016 : GOVERNMENT ORDER : Sanction of Bonus & Ex-gratia to the employees

ABSTRACT

State Public Sector Undertakings : Sanction of Bonus & Ex-gratia to the employees of State Public Sector Undertakings for the year 2015-16 payable during 2016-17 : orders issued.

Finance (BPE) Department

G.O.Ms.No.265

Dated: 28.09.2016

Thunmugi, Puratasi : 12
Thiruvalluvar Aandu 2047.

ORDER

The Government issue the following orders for the payment of Bonus and Ex gratia for the year 2015 to 16 payable during 2016 to 17 to the workers and employees of State Public Sector Undertakings:

(i) All workers and employees of State Public Sector Undertakings who are drawing a Grade pay of Rs. 4300 in the scale of pay of Rs.9300-34800 and below (Rs.5300-150-8300 and below in the pre-revised scale of pay) i.e.. those who are in the C & D Groups, irrespective of their eligibility, be paid a minimum Bonus of 8.33% and Ex-gratia of 1.67% before 30.9.2016 to claim it as an eligible expenditure under Income Tax Act, 1961 subject to the salary ceiling of Rs.7000/- for the purpose of determination of Bonus for the year 2015-16 and in relaxation of the eligibility salary ceiling of Rs.21,000/- as per the Payment of Bonus Act, 1965 and Payment of Bonus (Amendment) Act, 2015.

(ii) Those State Public Sector Undertakings, which can pay Bonus over and above the statutory minimum Bonus, based on allocable surplus calculated as per the Payment of Bonus Act, 1965. may pay higher bonus upto 20% before 30.9.2016 to claim it as an eligible expenditure under Income Tax Act, 1961 subject to the salary ceiling of Rs.7000/- for the purpose of determination of Bonus for the year 2015-16 to the workers and to the employees in the C & D Groups and in relaxation of the eligibility salary ceiling of Rs.21,000/- as per the Payment of Bonus Act, 1965 and Payment of Bonus (Amendment) Act, 2015 In case, the Bonus payable based on allocable surplus is less than 10%, Bonus and Ex-gratia together not exceeding 10% shall be paid.

(iii) In the case of employees falling under the above salary limit, who worked for part of the year 2015 to 16, the Bonus & Ex gratia may be paid proportionately.

(iv) In respect of the workers / employees of State Transport Undertakings, Tamil Nadu Generation and Distribution Corporation(erstwhile TNEB), Tamil Nadu Co-operative Milk Producers Federation, Tamil Nadu Civil Supplies Corporation, Poompuhar Shipping Corporation and Plantation workers of Tamil Nadu Tea Plantation Corporation Limited, Arasu Rubber Corporation and Tamil Nadu Forest Plantation Corporation Limited, the Administrative Departments concerned of the Secretariat will issue orders separately on the same pattern as has been done during the previous year.

(v) In respect of the employees under A and B Groups. appropriate action would be taken to issue separate orders for payment of Special Adhoc Bonus / Ex gratis based on the orders, if any, issued for Government employees during Pongal Festival 2017.

(BY ORDER OF THE GOVERNOR)

K.SHANMUGAM
ADDITIONAL CHIEF SECRETARY TO GOVERNMENT

TN Bonus 2016 GOVERNMENT ORDER

DA Calculation with AICPIN: Labour Bureau released Index for August 2016

DA Calculation with AICPIN: Labour Bureau released Index for August 2016

Consumer Price Index Numbers for Industrial Workers on Base 2001=100

CPI(IW) Base 2001=100 Monthly Index Letter : August 2016

Month / Year	CPI(IW)
JANUARY 2016	269
FEBRUARY 2016	267
MARCH 2016	268
APRIL 2016	271
MAY 2016	275
JUNE 2016	277
JULY 2016	280
AUGUST 2016	278

The All India CPI-IW for August, 2016 decreased by 2 points and pegged at 278 (two hundred and seventy eight). On 1 month percentage change, it decreased by (-) 0.71 per cent between July, 2016 and August, 2016 when compared with the increase of (+) 0.38 per cent between the same two months a year ago.

Click here for press note

Authority: http://labourbureau.nic.in/

Revision of interest rates for Small Savings Scheme from 1st Oct, 2016 to 31st Dec, 2016

Revision of interest rates for Small Savings Scheme from 1st Oct, 2016 to 31st Dec, 2016

F.No. 1/04/2016-NS.II
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated: September 29. 2016

OFFICE MEMORANDUM

Subject: Revision of interest rates for Small Savings Schemes.

The undersigned is directed to refer to this Department's OM of even number dated 16th February. 2016. vide which the various decisions taken by the Government regarding interest fixation for small savings schemes were communicated to all concerned.

2. On the basis of the decision of the Government. interest rates for small savings schemes are to be notified on quarterly basis. Accordingly. the rates of interest on various small savings schemes for the third quarter of financial year 2016-17 starting on 1st October, 2016 and ending on 31st December. 2016, on the basis of the interest compounding/payment built-in in the schemes. shall be as under:

Instruments	Rate of interest w.e.f. 01.07.2016 to 30.09.2016	Rate of interest w.e.f. 01.10.2016 to 31.12.2016	Compounding frequency*
Saving Deposit	4.0	4.0	Annually
1 Year Time Deposit	7.1	7.0	Quarterly
2 Years Time Deposit	7.2	7.1	Quarterly
3 Years Time Deposit	7.4	7.3	Quarterly
5 Years Time Deposit	7.9	7.8	Quarterly
5 Years Recurring Deposit	7.4	7.3	Quarterly
5 Years Senior Citizens Savings Scheme	8.6	8.5	Quarterly and paid
5 Years Monthly Income Account Scheme	7.8	7.7	Monthly and paid
5 Years National Savings Certificate	8.1	8.0	Annually
Public Provident Fund Scheme	8.1	8.0	Annually
Kisan Vikas Patra	7.8 (will mature in 110 months)	7.7 (will mature in 112 months)	Annually
Sukanya Samriddhi Account Scheme	8.6	8.5	Annually

*No change

3. This has the approval of Finance Minister.

(Vyasan R.)
Deputy Secretary to the Government of India

Source: http://finmin.nic.in

Rotational transfer of Under Secretaries of CSS : Relieving of officers

No. 5/7/2015-CS-I(U)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training
CS-I(U) Section

3rd Floor, Lok Nayak Bhawan
Khan Market, New Delhi 11 0003
Dated 30th September, 2016·

OFFICE MEMORANDUM

Subject: Rotational transfer of Under Secretaries of CSS - Relieving of officers - regarding

The undersigned is directed to refer to this Department's Order of even number dated 09.09.2016 on the subject mentioned above, wherein the concerned Ministries/Departments were requested to relieve the officer(s) concerned immediately so that the officers could join the allocated Ministry/ Department. However, it has been observed that not all the officers have been relieved so far.

2. The concerned cadre units as well as the officers concerned are, therefore, once again requested to comply with the above referred order. If the Ministry/ Department concerned fail to issue relieving orders, the concerned officer(s) shall be deemed to have been relieved w.e.f. 30.09.2016(A/N). The onus to join the allocated Ministry/Department on the basis of the above order dated 09.09.2016 issued by this Department will be on the officer concerned and failure to do so may attract punitive action.

3. A copy of relieving/ joining order may also please be furnished to this Department for records.

(Chandra Shekhar)
Under Secretary to the Govt. of India

To
All the concerned Ministries/ Departments
(through website of DOPT)
Source: persmin

Centre to Raise EPF Equity Exposure to 10 Percent

Centre to Raise EPF Equity Exposure to 10 Percent : The proposal to hike the exposure to equities was discussed with the EPFO s central board of trustees twice in recent months.

One in every ten rupees parked in your provident fund would now be invested on Dalal Street, with the government deciding to double EPF savings’ exposure to equities from the present level of 5 per cent to 10 per cent of fresh accretions to the corpus, Union Labour and Employment Minister Bandaru Dattatreya said.
Riding over concerns expressed by employee representatives on the board of the Employees Provident Fund Organisation (EPFO), the Labour Ministry has issued instructions to its fund managers to tap the enhanced window for equity investments immediately. Officials said this is expected to translate into an additional investment of Rs.11,500 crore in stocks over the next six months of this financial year.

This will meet a long-standing demand of EPF members… EPFO is a social security organisation and a custodian of workers’ money, so it is our responsibility to keep the money safe and at the same time, give them good returns, Mr. Dattatreya said.

While the Finance Ministry had allowed equity investments between 5 per cent and 15 per cent of fresh accretions for non-government provident funds such as EPFO, the PF office had made a cautious start by allowing 5 per cent investments last August after years of resistance to a stock market foray. The Finance Ministry had first allowed equity investments of up to 5 per cent of corpus in 2005.

The proposal to hike the exposure to equities was discussed with the EPFOs central board of trustees twice in recent months and the improvements in returns were shared with them, the minister said. We have taken this decision after careful consideration. The world over, pension funds invest around 30 per cent in equities, Mr Dattatreya said.

Source: The Hindu

FM: Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Service Tax (GST) in the country.

FM: Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Service Tax (GST) in the country.

The Union Finance Minister Shri Arun Jaitley said that the Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Services Tax (GST) in the country. He said that till 16th September, 2017, that is one year after the provisions of the Constitution (101st Amendment) Act, 2016 being brought into force, the Constitution empowers the Central Government to levy excise duty on manufacturing; and service tax on the supply of services. The Finance Minister said that similarly the Constitution Amendment Act empowers the State Governments to levy sales tax or Value Added Tax (VAT) on the sale of goods till that time i.e. 16th September, 2016. The Finance Minister Shri Jaitley said that so far the Government is following the road map for implementation of GST as per the schedule. The Finance Minister Shri Jaitley was making his Opening Remarks at the Fourth Meeting of the Parliamentary Consultative Committee attached to the Ministry of Finance held here today. The subject of today's Meeting was the Goods and Services Tax (GST)

The Finance Minister Shri Jaitley further said that the First Meeting of the GST Council was held in a very cordial and constructive environment earlier this month and today, he will hold the Second Meeting of the GST Council. In the GST regime, the GST Council has been created under Article 279A of the Constitution. The GST Council is a joint forum of the Centre and the States. The Council will take decisions on important issues like tax rates, exemption list and threshold limits etc.

Thereafter, the Members of Consultative Committee who participated in today's Meeting sought various clarifications with regard to GST Law and gave suggestions for its better implementation. Some of the major suggestions include need for absolute clarity and transparency with regard to where taxes will be collected, assessed and where the appeal will be filed in case of GST regime. The members said that it will be challenging task to tackle complex situation arising-out of implementation of GST law in a federal system. Some of the members suggested there is a need for launching a large scale Awareness Campaign especially for the small traders as most of them are still unaware about the complex procedures and processes under GST regime including for registration and filing of returns etc. Some of the members suggested that availability of IT network in all parts of the country, especially in small towns and rural areas, must be ensured as GST system will work only online. Some of the members appreciated the initiative of the Government in getting the GST law passed by both the Houses of Parliament as well as its commitment to implement it in a time bound manner. The members hoped that this law will bring relief to the common man by exempting certain essential items from GST and moderate rate of taxation on other items which in turn will bring down the prices of common man consumption items as well as cost of living at large.

Along with the Union Finance Minister, Shri Arun Jaitley, Shri Santosh Kumar Gangwar, Minister of State for Finance, the Members of the Consultative Committee who participated in the today's Meeting include Shri Baijayanta Jai Panda, Shri Dilip Kumar Mansukhlal Gandhi, Shri Kailkesh Narayan Singh Deo, Shri Prabhatsinh Chauhan, Shri Ram Charitra Nishad, Shri Subhash Chandra Baheria and Shri Suresh Chanabassappa Angadi (all members of Lok Sabha); Shri Anil Desai, Shri Digvijaya Singh, Shri Rajkumar Doot and Shri Satish Chandra Misra (all members of Rajya Sabha) .

Among the officers who attended the Consultative Committee Meeting include Shri Ashok Lavasa, Finance Secretary, Shri Shaktikanta Das, Secretary, DEA, Dr. Hasmukh Adhia, Revenue Secretary, Ms. Anjuly Chib Dugal, Secretary, Financial Services, Shri Neeraj Kumar Gupta, Secretary, DIPAM, Dr. Arvind Subramanian, Chief Economic Adviser (CEA), Chairman, CBEC Shri Najib Shah and other senior officers of the Ministry of Finance.

PIB

7th Pay Commission Allowances: Atomic Energy Employees writes to Government

7th Pay Commission Allowances : Atomic Energy Employees writes to Government writes to Finance Ministry requesting a meeting to discuss about enhancing of Allowances.

Dept of Atomic Energy employees association writes to the Secretary, Dept of Expenditure regarding

NFAEE
DEPARTMENT OF ATOMIC ENERGY
NFAEE Office, Opp. NIYAMAK BHAVAN, Anusaktinagar, Mumbai 400 094

Ref. No: nfaee/sg/16/198

26.09.2016

To
The Secretary to the Government of India
Department of Expenditure
Ministry of Finance

Sub: Note on 7th CPC recommendations on Allowances. Reg

Sir,
It is understood that the Committee on Allowances constituted by the Government hold a preliminary meeting with National Council (JCM) Standing Committee on 1st September 2016. In the meeting the staff side representatives presented their views on various allowances and decided to submit a detailed note and to hold further meeting.

In this context, National Federation of Atomic Energy Employees (NFAEE) which represents the entire non gazetted employees under Department of Atomic Energy (DAE) would like to submit the note attached with this letter contains the views on various allowances.

The 7th Central Pay Commission, in its report referred about 196 Allowances and recommended to:

• Abolish certain allowances
• Subsume with certain allowances
• Certain allowances are merged as single allowance)
• While considering Department specific Allowances, some of them are considered and certain other allowances has not referred/mentioned

Under this circumstance we feel the Committee should review the every comments recorded by the Pay Commission on Allowances. Similarly the Committee on Allowance also should consider various allowance, especially Department specific which are not considered by the CPC and not recommended neither to abolish or subsume nor enhance.

However we prepared the note attached herewith is directly related to the employees of Department of Atomic Energy in which some allowances are common in nature and others are Department specific. Following Allowances are linked with various categories of DAE Employees.

A. COMMON ALLOWANCES:

a. House Rent Allowance
b. Transport Allowance
c. Dearness Allowance
d. Overtime Allowance
e. Night Duty Allowance
f. National Holiday Allowance
g. Dress Allowances
h. Nursing Allowance
i. Hospital Patient Care Allowance (HPCA) & Patient Care Allowance (PCA).
j. Children Education Allowance
k. Family Planning Allowance
l. Cash Handling And Treasury Allowance
m. Fixed Conveyance Allowance
n. Fixed Medical Allowance
o. Unreported Allowances

B. AREA SPECIFIC ALLOWANCES.

a. Special Compensatory (Hill Area) Allowance.
b. Special Duty Allowances
c. Tribal Area Allowance

C. DEPARTMENT SPECIFIC ALLOWANCES.

a. Update Allowance
b. Qualification Incentive Scheme (QIS)
c. Nuclear Research Plant Supporting Allowance (NRPSA)
d. Risk & Hardship Matrix

Further we request you to arrange a meeting with the office bearers of NFAEE to present our views in person, especially about the Allowances which are related to the employees of Department of Atomic Energy.

Thanking you
Yours faithfully,
(Jayaraj KV)
Secretary General

Click to view NFAEE Ref. No: nfaee/sg/16/198 dated 26.09.2016