Flash News: PROPOSED INDEFINITE STRIKE POSTAL EMPLOYEES FROM 06th MAY, 2015 STANDS DEFERRED

PROPOSED INDEFINITE STRIKE POSTAL EMPLOYEES FROM 06th MAY, 2015 STANDS DEFERRED

PROPOSED INDEFINITE STRIKE FROM 06th MAY, 2015 STANDS DEFERRED, BASED ON THE ASSURANCES GIVEN BY HON’BLE MINISTER OF COMMUNICATIONS SHRI RAVI SHANKAR PRASAD DURING THE MEETING HELD WITH BOTH THE SECRETARY GENERALS OF NFPE & FNPO IN PRESENCE OF SECRETARY (P), MEMBER (HRD) & DDG (SR) AT SANCHAR BHAWAN NEW DELHI AT 1 PM TODAY DATED 05.05.2015 .

Source: http://nfpedgl.blogspot.in/

CADRE REVIEW AND OTHER CHARTER OF DEMANDS BY CIVIL ACCOUNTS EMPLOYEES

COPY OF THE AICAEA LETTER TO CGA ON CADRE REVIEW AND OTHER DEPARTMENTAL DEMANDS

All India Civil Accounts Employees Association

(RECOGNISED BY GOVT. OF INDIA)

CENTRAL HEADQUARTERS

 

Phone No. 23345070, Mob. No. 9868520926, e-mail:- v.aicaea@gmail.com

Central Office: –                                                                                    Address for Communication:-

 

16-A, Akbar Road Hutments,

17/2 – C, P & T Quarters,

New Delhi: – 110011

Kali bari marg

NewDelhi-      110001

No: AICAEA/HQ/A-2/2015/380-410

Dated:  02.05.2015

To,
Shri Jawahar Thakur,
Controller General of Accounts,
Ministry of Finance,
Department of Expenditure,
Loknayak Bhawan,
Khan Market,
New Delhi – 110003

Subject:- Request for convening meeting with the National Executives of All India Civil Accounts Employees Association and All India Civil Accounts Employees Association Category – II.

Sir,
In continuation of NFCAA letter No: – NFCAA/HQ/A-2/2015/366 dated 01.05.2015, we are enclosing herewith the CADERE REVIEW proposal and the list of the items (Charter of Demands) we wish to discuss in the meeting we have requested for.

The date and time of the meeting may kindly be informed to us atleast a fortnight ahead so that our outstation National Executive members could procure Railway Reservations for attending the meeting.

Thanking you,

Yours Sincerely,

Enclo: as above

(V. Bhattacharjee)

Secretary General

Copy to the all Federal Executive Members.

 

CHARTER OF DEMANDS

1.   Cadre Review
Cadre Review in the Civil Accounts Organization on functional requirements and grant of appropriate Pay & Grade pay to different cadres.

a.     Accounts Assistant (by upgradation of post of LDCs ) – Grade Pay Rs. 2400/- PB 1

b.     Staff Car Driver Gr. II – Grade Pay Rs. 2400/- PB 1

c.       Stenographer Gr. III  –  Grade Pay Rs. 2800/- PB 1

d.     Accountant -20%, DEO Grade A and Junior Hindi Translator (converting as Accountant) –  Grade Pay Rs. 4200/- PB 2

e.     Sr. Accountant – 80%, Data Entry Operator Grade B/ Hindi Translator (Converting as Sr. Accountant) Stenographer Gr. I (Merged post of Gr.II & I) –  Grade Pay Rs. 4600/-PB 2

f.       Sr. Accountant- on completion of 4 years/Computer Operator –  Grade Pay Rs. 4800/-PB 2

g.     Private Secretary – Grade Pay Rs. 4800/-PB 2
After 4 years of service – Grade Pay Rs. 5400/-PB 3

h.  Asstt. Accounts Officer – 30% posts by promotion of Sr. Accountant on seniority with removal of condition of 53 years of age for eligibility and 70% by AAO(c) examination – Grade Pay Rs. 5400/-PB-2

h.     AAO Grade II on completion of 4 years – Grade Pay Rs. 5400/-PB 3

i.       Sr. Private Secretary – Grade Pay Rs. 6600- PB 3
(Post should be re-designated as Principal Private Secretary] Post of PPS may be allocated to Principal Chief Controller of Accounts and
Chief Controller of Accounts (Addl. Secretary/Joint Secretary level officers)
As per para 2(iii) of DOPT Order No.20/51/2009-CS.II (A)(Vol.II)
dated 25th February, 2011 – 625 newly created posts of PPS
have been allocated against Joint Secretaries and equivalent level officers in different Ministries/Departments participating in CSSS on functional jurisdiction

j. Restoration of 5% promotional quota to the post of LDC for Gr-D/MTS and clearing of backlog by promoting all eligible MTS to the grade of Accounts Assistant as a onetime measure.

2.  Formation of independent Department Of Accounts under CGA.

3. Filling up of vacant posts – regularization of contract /outsourced workers as per orders dated 23-01-2013 issued by Ministry of Labour – grant of minimum wage to those who are working against regular posts.

4. Grant of recognition to AICAEA CAT-II, NFCAA and implementation of check-off-system as per Government instructions.

5. Adoption of mutually agreed transfer policy for AAOs and implementation of the policy transparently and filling up of vacant posts by providing promotions to Civil Accounts Employees.

6. Provision of alternative accommodation and amenities to the Central Office of AICAEA.

7.  Imparting training and grant of incentive for implementation of e-payment system.

8. Removal of discrimination in the date of effect of Promotion and grant of date of effect of promotion from 1st January of the year to all cadres.

9. Allotment of one seat in the National Council,(JCM) and 2nd seat in Departmental Council(JCM) to All India Civil Accounts Employees Association.

 10. Counting of service for Grant of benefit of II ACP to Sr. Accountant appointed as Accountant-
(a)  from the date passing departmental competitive examination conducted by SSC.
(b) from  the 1st July of the next year of passing open examination conducted by SSC as per orders of DOPT and MHA

11. Grant Pay Scale of Rs. 1350-2200 from 01.01.86 to DEOs as has been granted by the Defence Accounts Department as well as in terms of the CAT judgments.

12. Removal of injustice to newly recruited Accountant in the matter of granting 1st increment through rectification of the procedure of Departmental Confirmatory test and also imparting training to the candidates.

13. Grant of two financial up gradation to MTS under ACP scheme who had completed 24 years of service before implementation of MACP Scheme as has done by the O/o the Pr. of Audit and Director, Economic service Ministries, Delhi vide order No:- AMG.I/Admn-1/32 dated 24.06.2014 .

14. Grant of Headquarter allowance to Sr.PS/PS/Stenos posted in office of CGA.

15. Removal of anomaly in grade pay arisen in PAO, CRPF after amalgamation of the office in Civil Accounts Organization.

16. As per decision of Supreme Court, payment of arrears in cash from 01.01.1996 to 18-02-2003 to Sr. Accountants due to upgradation of pay scale from 1-1-1996 .

17. Decentralization of CPAO and formation of regional offices to make the very purpose of operation of Pension Accounting Offices effective and conveniently accessible to old aged Pensioners.

18. Relaxation for revision of option for fixation of pay in the revised pay structure for persons promoted to the grade of Asstt. Accounts Officer (AAO) after 01.01.2006.

19. As has been done in earlier occasions and granted by Defence Accounts Department, Grant of honorarium for checking of pay fixation cases and pension cases after implementation of 6th CPC recommendations.

20.  No redeployment of retired officers and employees in the Civil Accounts Organization.

Source:http://nfcaahqnd.blogspot.in/

Probation and or confirmation of Direct Recruit Postal Assistants / Sorting Assistants in the Department of Posts

Probation and or confirmation of Direct Recruit Postal Assistants / Sorting Assistants in the Department of Posts

No. 37-47/2010-SPB-I
Government of India
Ministry of Communications & IT
Department of Posts
(Personnel Division)

Dak Bhawan, Sansad Marg,
NewDelhi-110 001
Dated: 16.04.2015

To
1. All Heads of Circles,
2. Director, RAK National Postal Academy, Ghaziabad
3. A11 Directors of PTCs

Subject: Probation and / or confirmation of Direct Recruit Postal Assistants / Sorting Assistants in the Department of Posts – reg.

Sir / Madam,

I am directed to refer to the above mentioned subject and to say that the issue of probation and / or confirmation of the Direct Recruit Postal Assistants / Sorting Assistants (PAs/SAs) has been engaging the attention of the Department for some time. It is indicated that presently on their appointment, such PAs/SAs are imparted induction training and they have to pass the prescribed tests during the said training.

2. Currently, such Direct Recruit PAs/SAs undergo institutional training of upto 48 days at the Postal Training Centres (PTCs). They have to obtain at least 60% marks in the tests in order to come out of training successfully. If any PA/ SA fails to obtain 60% marks, he/she is retained in the PTC for re-training for 2 weeks and undergoes two tests (one each week). Despite retraining, if such PA/SA still does not obtain 60% marks, suitable adverse notice is taken against him/her.

3. The matter has been revisited by the Department in consultation with the Department of Personnel”& Training (DOP&T). At the outset, it is emphasized that the tests, which the Direct Recruit PAs/SAs undergo while on training, need to be closely monitored and it should be ensured that only those PAs/SAs who obtain required marks in the tests may be declared to have satisfactorily completed the probation period and confirmed ‘in service, provided such PA/SA has also performed/acted satisfactorily during the probation period. As per the Recruitment Rules of PA/SA issued by the Department of Posts, the Direct Recruit PAS/SAs are confirmed in service by a Departmental Confirmation Committee (DCC) and pending confirmation, they remain on probation and their services are governed by CCS (Temporary Service), Rules, 1965.

4. Besides above, following points may be kept in view by the PTCs and the Circles while considering the
confirmation of such Direct Recruit PAs/SAs, who are on probation:

(1) Direct Recruit PAs/SAs (on probation) who fail in the tests held in PTCs:-

(a) If any Direct Recruit PAs/SAs (on probation) is unable to clear the tests in the first attempt, he/she may be given two more chances to pass the tests. These three chances (including first chance during training) may be held/conducted within the two-year mandatory probation period. In the interregnum, such PA/SA may be posted temporarily to a Post Office/RMS office against a non-sensitive post.

(b) Before the third chance is given to a PA/SA, who has failed in two attempts, he/she may be given a written warning to the effect that his/her failure in mandatory tests does not justify his/her confirmation in the Service and that, unless he/she showed substantial improvement within a specified period and clears the test, the issue of terminating him from service will be considered.

(c) If any PA/SA is still unable to clear the Tests in three attempts within two years, the probation period in his/her case will be extended by six months during which time he/she shall have to mandatorily pass the tests. For such PAS/SAs, whose probation period has been extended by six months due to failure to pass the tests, a qualifying test will also be introduced which will be in addition to the existing tests. The modalities of such qualifying test will be prepared/finalized by the Training Division of the Postal Directorate.

(d) In case he/she passes the required tests and qualifying test and has also acted/performed satisfactorily during the entire period of probation including extension also, he/she may be declared to have successfully completed the probation period and may be confirmed in service by the DCC.

(e) If a PA/SA again fails in the tests and/or does not pass the qualifying test, the services of such temporary Direct Recruit PA/SA shall be terminated.

(II) Direct Recruit PAs/SAs (on probation) who pass the test, but their conduct/ performance is unsatisfactory:

(a) In case conduct/performance of a PA/SA is found unsatisfactory during the probation period irrespective of the fact that he/she has passed the required tests, the probation period of such PA/SA will be extended for six months in order for him/her to improve his/her conduct/performance to a satisfactory level.

(b) Such PA/SA as mentioned in (a) above may be given a written warning that unless his/her conduct/performance improves to a satisfactory level, the issue of terminating his/her services will be considered. In case his/her conduct/performance has improved to a satisfactory level during the extended probation period, he/she may be declared to have successfully completed the probation period and may be confirmed in service. If not, the services of such temporary Direct Recruit PA/SA shall be terminated.

5. The PTCs shall send reports relating to conduct/performance and passing/failing in the tests/qualifying test etc. as the case may be, in respect of each Direct Recruit PA/SA (on probation) to the Divisional Head concerned.

6. In order to ensure that termination cases are decided appropriately, the Divisional Head concerned, the Appointing Authority of PA/SA, will first issue a speaking Show Cause Notice covering reasons in detail for termination to the PA/SA concerned within 15 days after completion of extended six months’ period of probation. The said PA/SA will be given 15 days’ time to make representation, if any. Subsequently, the said Divisional Head, after carefully examining all relevant documents as also the representation, if any, of the official concerned, will decide the case of his/her termination within 45 days from the date of issue of Show Cause Notice.

7. Successful completion of training is a pre-requisite for completion of probation. Therefore, above may be included in the provisional offer of appointment issued to the candidates.

8. This may be brought to the notice of all concerned.

Yours faithfully,

(N T Paite)

Director (SPN)

Source: http://www.indiapost.gov.in/DOP/Pdf%5CCirculars%5CProb_Confir_PA_SA_2087_Pub_Upload.pdf

7CPC(Seventh Pay Commission): Infact Central Employees will richer or….

7CPC(Seventh Pay Commission): Infact Central Employees will richer or…. 


New Delhi: Nowadays, the table of expected pay scales in 7th pay commission comparing with the 6th pay commission is sharing in huge on social networking sites.

According to the said table the expected pay of the lowest category of employees (Peon/Khalasi/Mali/Chowkidar) will be enhanced from Rs.7,000 to Rs.21,000 at the time of entry in service.
Similarly the entry pay of clerk will enhance from current Rs.11,360 to Rs.34,080.  The entry pay of the Director level officers in Ministry will enhance from currently Rs.46,100 to 1,38,300.

And what about the Secretaries in Ministry, currently they are getting fixed pay of Rs.80,000, which may be increased to Rs.2,40,000.  Similarly the pay of Cabinet Secretaries will be enhanced from Rs. 90,000 to 2,70,000.

However, while an officer of finance ministry was asked upon this, then he stood this misleading. According to him the seventh pay commission was constituted on 28th February, 2014 and the commission has the 18 months time to give its report.  Presently commission is on work.  No any interim report has been given by the commission like this.

The coming time will tell us that whether it is right or only speculations.  And it is also to see that employees will richer or ……

Source: http://karnmk.blogspot.in

INDEFINITE STRIKE OF POSTAL EMPLOYEES FROM MAY 6TH…

INDEFINITE STRIKE OF POSTAL EMPLOYEES FROM MAY 6TH…

CONFEDERATION OF CENTRAL GOVT. EMPLOYEES & WORKERS

1st Floor, North Avenue PO Building, New Delhi – 110001
Website: www.confederationhq.blogspot.com
Email: confederationhq@gmail.com

President
K. K. N. Kutty
09811048303

Secretary General
M. Krishnan
09447068125
Dated: 28/04/2015

To

1. All National Secretariat Members.
2. All Affiliated organisations.
3. All General Secretaries C-O-Cs.

Dear Comrades,
As you are aware, more than five lakhs Postal and RMS employees including Gramin Dak Sevaks and Casual, Part-time, Contingent employees, under the banner of Postal Joint Council of Action (PJCA) comprising National Federation of Postal Employees (NFPE), Federation of National Postal Organisations (FNPO), All India Postal Employees Union GDS (NFPE) and National Union of GDS have decided to go on nationwide indefinite strike from 6th May 2015. Main demands are (1) No Corporatisation or privatisation of Postal Services, (2) Inclusion of GraminDak Sevaks under 7th CPC and grant of Civil Servants status with all benefits. (3) Implementation of Cadre-Restructuring agreement and (4) Settlement of other cadre-related issues.

Confederation National Secretariat meeting held on 28-04-2015 at New Delhi, has decided to extend full support and solidarity to the Postal strike. Accordingly the following decision was taken:

ALL CENTRAL GOVT.EMPLOYEES BELONGING TO ALL AFFILIATED FEDERATIONS/UNIONS/ASSOCIATIONS OF CONFEDERATION SHALL CONDUCT HALF-A-DAY’S WALK-OUT PROGRAMME AND SHALL ORGANISE MASS DHARNA AND DEMONSTRATIONS IN FRONT OF SELECTED POST OFFICES/RMS OFFICES THROUGHOUT THE COUNTRY ON 7TH MAY 2015 THURSDAY ie; THE SECOND DAY OF THE STRIKE. If the strike is prolonged due to the negative attitude of the Government, the Confederation shall decide and declare further course of action.

All affiliated organisations and C-O-Cs are requested to take necessary action to implement the above programme successfully at all centres.

Fraternally Yours,
M. Krishnan,
Secretary General,
Confederation.

Source-http://confederationhq.blogspot.in/

REVISION OF DA CALCULATION FORMAT – INSTANT OF JUNE AND DEC, WE PROPOSED APRIL AND OCTOBER

REVISION OF DA CALCULATION FORMAT – INSTANT OF JUNE AND DEC, WE PROPOSED APRIL AND OCTOBER

It is a well-known fact that every six months, the Central Government increases the Dearness allowance for its employees during the months of January and July. The increased amount is calculated on the price index (CPI IW BY 2001=100) of essential commodities. Rise in the Dearness allowance is being calculated on the basis of the changes in the prices of the essential commodities during the periods between January and June and the period between July and December.

But, it takes around three months since the release of the price index for the months of June and December to arrive at the calculation for the increase in the Dearness allowance. With the result that the increase due from the month of July is being given only from the month of October and the amount due from January is being given only from the month of April.

And, because of this situation, the amount due for the left-behind period of two months is to be settled as arrears. Practical problems arise in the calculation of the arrears amount and also problem arises in clarifying the doubts of the beneficiaries. Pensioners especially, are more tensed up over this procedure.

To avoid this situation, the price index during the periods from November to April and from May to October can be taken into account and the increase in the Dearness allowance calculated based on the information relevant to these periods. The amount can be disbursed from the months of January and July as per this calculation so that there’s no due as arrears.

We imaginatively tested this method to find out the result. It was found out that there was no tangible change in the increase amount if calculated on the basis of the price index obtained during the months of April and October.

Source: http://centralgovernmentemployeesnews.in

NFIR View on Expected DA from July 2015

NFIR View on Expected DA from July 2015

‘National Federation of Indian Railwaymen’ – NFIR circulated to its all affiliated unions regarding the ‘Expected DA from July 2015′ after the announcement of AICPIN for the month of March 2015 yesterday by the Labour Bureau. It is expected that the additional dearness allowance is likely to be 118% of pay from July 2015. The letter is reproduced and given below for your information…

EXPECTED DEARNESS ALLOWANCE FROM 01st July 2015

NFIR
National Federation of Indian Railwaymen
3. CHELMSFORD ROAD, NEW DELHI – 110 055

No.1/5(A)Part.1

Dated: 01/05/2015

The General Secretaries of Affiliated Unions of NFIR
Dear Brother,

Sub: Dearness Allowance with effect from 01.07.2015 – reg.

The All India Consumer Price Index for March 2015 was 254 and if it remains as it is for next three (3) months or if it rises to 256, the average is expected to be 253. Consequently, the Dearness Allowance increase is likely to be 118% of pay from July 2015.

The above is for information of affiliates. You are aware that the Government normally announces D.A. revision in September, to be given effect from July.

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

Source: NFIR

Official Report of NFIR about the Massive Demonstration by Central Government employees at Parliament

Official Report of NFIR about the Massive Demonstration by Central Government employees at Parliament

Massive Demonstration by Central Government employees at Parliament – Indefinite Strike from 23rd November,2015 announced

NFIR
Natioiral Federation of Indian Railwaymen
3, CHELMSFORD ROAD, NEW DELHI . 1 10055

No.IV/NJCA(N)2014

Dated: 30/04/2015

MASSIVE DEMONSTRATION BY CENTRAL GOVERNMENT EMPLOYEES AT PARLIAMENT – INDEFINITE STRIKE FROM 23rd NOVEMBER 2015 ANNOUNCED

Over one lakh Central Government employees belonging to Railways, Defence, Postal, Income Tax, Central Excise etc., have conducted massive demonstration in front of Parliament against Central Government’s anti worker policies and non-responsive attitude on the Charter of Demands presented to the Dr. M. Raghavaiah, Chairman of the National Joint Council of Action (NJCA) has presided over the massive meeting near Parliament. He declared that over 34 lakh Central Govemment employees will go on Indefinite Strike from 23rd November 2015 – 6 A.M. onwards if Government fails to reach negotiated settlement on the Charter of Demands out of which main demands are as follows :-

• Withdrawal of FDI, PPP in Railways, Defence etc., – Stop outsourcing, contractorisation and privatization,
• Scrap New Pension Scheme,
• Grant of Interim Relief to Central Government employees,
• Merger of DA with Pay with retrospective effect and payment of Interim Relief,
• Implement wage revision w.e.f. 01/01/2014,
• Calculation of PL Bonus on actual wages,
• Exemption of Transport Allowance from the purview of Income Tax,
• Enhancement of contribution of GIS by atleast 10 times,
• Merger of Technician II with Technician I in GP 2800/- (PB-I) in Railways,
• Entry grade pay of Station Master as Rs. 4200/- in (PB-2),
• Allotment of higher grade pay to Loco Pilots and Guards,
• Upward revision of kilometrage rates of Running Staff w.e.f. 01/011/2006 and settle settlement of Running Staff issues as per agreement dated 07th February 2014 etc.

S/Shri Shiva Gopal Mishra, NJCA Convenor, Guman Singh, NFIR President, Rakhal Das Gupta, AIRF President, Pathak, President/AIDWF, Ashok Singh, President/INDWF, K.K.N. Kutty, president/Confederation of Central Government employees, R.Srinivasan, General Secretary/INDWF, Shri Kumar, General Secretary/AIDWF, R.P. Bhatnagar, NFIR Working President, B.C. Sharma, Joint General Secretary, NFIR, N. Kannaiah, AIRF Working President, Harbajan Singh Siddu, President, NRMU, Thiyagaiajan, Secretary General FNPO, Krishnan, Confederation and NFPE leader among those addressed the masses. NFIR Vice president J.G. Mahurkar and AGS/NFIR, P.S. Suriyaprakasam and Munindra Saikia, Asst General Secretary/NFIR were also on the dais.

RESOLUTION ADOPTED AT THE MASSWE RALLY AT JANTAT MANTAR (PARLIAMENT STREET) ON 28th APRIL 2015

“The massive congregation of the representatives of Central Government Employees who have come from various parts of the country held at Jantar Mantar before the Indian Parliament on 28/04/2015 decided to commence the Indefinite strike action 23rd November 2015 from 6:00 AM having failed to elicit any positive response from the Government in settlement of the 10 Point charter of Demands submitted months back. It was also decided that the Railways and Defence organirations will conduct the strike ballot in July 2015 as per the provision of the Industrial Disputes Act and Recognition Rules before commencing the strike from 23.11.2015.

The massive gathering adopted the resolution unanimously exhorting the Central Government Employees to prepare for the eventual strike action in all earnestness and make it a historic one.

The meeting congratulates the employees for forging exemplary unity and carrying out various programmes chalked out by the National Joint Council of Action (NJCA) after the National Convention on 11th December 2014. Even though the Government was compelled to set up the 7th CPC on account of the sanctions generated through the action programmes, Government has refused to grant Interim Relief and Merger of DA and excluded the Gramin Dak Sewaks of the Postal Department from the ambit of the 7tn CPC.

The meeting noted that the Government has purposely ensured the closure of Joint consultative Machinery, the negotiating forum set up in 1964 for Central Government Employees to discuss and bring about settlement of their demands.

The meeting chaired by Secretary (personnel) on 25th February 2015 did not bring about settlement on any single item of the Charter of Demands.

The meeting unanimously decided to demand the immediately and settle the following Charter of Demands.

CHARTER OF DEMANDS

Effect wage revision of the Central Government Employees from 01/01/2014,regarding the memorandum of the Staff side JCM, ensure 5-year wage revision in future, grant Interim Relief and Merger of 100% of DA.
Ensure submission of the 7th CPC report within the stipulated time frame of 18 months, include the Grameen Dak Sewaks within the ambit of the 7th CPC. Settle all anomalies of the 6th CPC.

• No Privatization, PPP or FDI in Railways and Defence Establishments and no corporatization of postal services.
• No Ban on recruitment/creation of post.
• Scrap PFRDA Act and re-introduce the defined benefit statutory pension scheme.

No outsourcing, contractorisation, privatization of governmental functions, withdraw the proposed move to close down the Printing Presses, the publication form store and stationery departments and Medical Stores Depots, regularize the existing daily rated/casual and contract workers and absorption of trained apprentices.
Revive the JCM function at all levels as an effecting negotiating forum for settlement of the demand of the

• Remove the arbitrary ceiling on compassionate appointments.
• No labour reforms which are inimical to the interest of the workers.
• Remove the Bonus ceiling.
• Ensure five promotions in the service career.

The meeting authorized the National JCA to take appropriate and necessary steps indefinite strike begining from 23rd November 2015 an unprecedented and grand success’.

sd/-
(M. Raghavaiah)
General Secretary

Source: NFIR

Central Government Allows 5% of PF Funds to be Invested in Share Market

Central Government Allows 5% of PF Funds to be Invested in Share Market

The Central Government has allowed investing up to 5% of the Provident Fund capital in the stock market. As a result, Rs.5000 crore is expected to be released for investment this financial year. A circular from the Ministry of Labour has confirmed that 5% of the PF amount has been sanctioned for investing in the stock market.

The money will be invested in stock market based EDFs. Mr. Shankar Agarwal, the Secretary of Departmetn of Labour, said that announcements to this regard were made about two or three days ago. Rs.80,000 Crore was the total amount collected in the EPF in the financial year 2014-15. The amount is expected to cross Rs.1 lakh crore before the end of the current Financial Year. The number of persons qualified for EPF, and the amount raised, have increased after the salary limit was raised from Rs.6500 to Rs.15,000.

Agarwal has said that initially only 1% of the EPF reserve was going to be used for investments. This is going to be raised to 5% before the end of the financial year. The Ministry of Finance has suggested that between 5 to 15% of the funds can be invested in the markets. Agarwal added that since it was the first time, they are going to be very cautious and invest only 1% of the funds.

“The money is the sweat and blood of workers. We don’t want to carelessly invest it in the stock market. Hence, we have planned to invest only 5% of the money in the first stage,” he clarified.

He said that the plans are to invest only in EDFs. He added that no decision has been made about percentage of investment aimed at public sector companies. In the past, EPF, which has about 6 crore members, has been investing only in Central Government bonds.

DA Orders for CDA pattern employees of CPSEs governed by HPPC recommendation w.e.f 01.01.2015

DA Orders for CDA pattern employees of CPSEs governed by HPPC recommendation w.e.f 01.01.2015

G.I., Min. of HI & PE, Dep. of Pub. Enter., O.M.F.No.2(54)/08-DPE (WC)-GL-VII/15, dt, 17.4.2015

Subject: Payment of DA to the CDA pattern employees of CPSEs governed by HPPC recommendation w.e.f 01.01.2015.

The undersigned is directed to refer to Para No. 2 and Annexure-III to this Department’s O.M. dated 14.10.2008 wherein the rates of DA payable to the employees who are following CDA pattern pay scales had been indicated.

2. The DA payable to the employees may be enhanced from the existing rate of 107% to 113% with effect from 01.01.2015.

3. The payment of Dearness Allowance involving fractions of 50 paise and above may be rounded off to the next higher rupee and the fractions of less than 50 paise may be ignored.

4. These rates are applicable in the case of CDA employees whose pay have been revised with effect from 01.01.2006 as per DPE O.M. dated 14.10.2008.

5. All administrative Ministries/Department of Government of India are requested to bring the foregoing to the notice of the Central Public Sector Enterprises under their administrative control for action at their end.
Click to view in Hindi

Source : www.dpe.nic.in