Finance Ministry replied on Interim Report of 7th Pay Commission – Rajya Sabha Q & A

Finance Ministry replied on Interim Report of 7th Pay Commission – Rajya Sabha Q & A

While answering in Rajya Sabha to a question regarding Interim Report of 7th Central Pay Commission as follows…

The 7th Central Pay Commission is required to make its recommendations on its Terms of Reference. Also, the Commission is to devise its own procedure. The Commission’s Terms of Reference do not enjoin upon it to keep the Government updated on its functioning and the procedure being followed by it during the course of its deliberations.

The Terms of Reference of the Commission provide that the Commission will make its recommendations, keeping in view, inter alia, the likely impact of the recommendations on the finances of the State Governments, which usually adopt the recommendations with some modifications.

The Commission is required to submit its report on its Terms of Reference. However, no Report, including any interim one, has so far been submitted by the Commission.

Source: www.7thpaycommissionnews.in

The Motive behind Reducing Retirement Age for Central Government Employees – An Analysis

The Motive behind Reducing Retirement Age for Central Government Employees – An Analysis

For a few weeks now, reports have been surfacing that the Centre is giving serious thoughts about reducing retirement age of Central Government employees from 60 to 58.

The truth behind these series of rumours couldn’t be found yet. There is no official sand on this either.

The news was first published by popular English daily newspaper. Without any official source to confirm it, the article analyzed the issue from various perspectives. It was presented in a manner that was acceptable by most.

This was followed by an order of the Railway department that was released on Facebook. In the order, the Railway Board had demanded an explanation from their zonal railways over the number of retiring employees (safety category) if the age of the retirement is reduced to 58.

Another event that gave credibility to the issue was the reduction of retirement age of state government employees from 60 to 58 in Haryana, a state ruled by BJP.

When the news of reducing the retirement age first surfaced, it caught employees by surprise and shock, because, for a while now, there were talks of actually raising the retirement age from 60 to 62! The current talks of reducing the retirement age have created a palpable sense of panic among employees over the age of 55.

There are many who are for and against the news, the strongest opinion in favour of age reduction being that it would help ease the unemployment problem.

Those who are looking for their first jobs would be happy to support any kind of age reduction – be it 58 or even 50! This is simply because they are desperate to get into a job. But the truth is – the attitude will definitely change once they get a job.

Each year, about 1.75 lakh employees retire from Central Government services. The claim that if an additional 3.5 lakh employees retire in a particular year, the country’s unemployment problem could be solved is unacceptable.

After reducing the retirement age, the number of new retirees is going to stabilize again. Will the Government resort to such tactics of reducing the retirement age again and again?

Moreover, it is also true that handing out retirement benefits to 5 lakh employees at a time is going to drain the Government’s financial resources.

Another important reason to support the reduction of retirement age is the claim that it would bring younger blood into the various central government organizations.

The fact is – in the past eight years, the number of central government employees all over the country has continued to be around 30 lakhs. Supporters of the “younger blood” theory couldn’t possibly know that nearly 50% of these employees are youngsters. To be accurate, the employees who had joined the central government services after 01.01.2000 now account for nearly 70% of the central government workforce.

Another argument in support of this move claims that it is the Government’s attempt to cut down unplanned expenses.

In the past few years, the Government had implemented a number of cost-cutting measures. It is not clear why the Government, that had remained blind to this fact, has suddenly seen the light. Ironically, such a move would only worsen the economic crisis.

Finally, what is the motive behind circulating such stories?

Is it to simply wipe out talks about increasing the retirement age from 60 to 62?

One has to wait and watch.

There is a hope that Modi Government wouldn’t risk weakening the Central Government offices’ functioning by sending home 5 lakh experienced and trained personnel all of a sudden.

And, let us hope that the Government recognizes the importance and value of 30 years of work experience of each of these employees before discarding them.

Source: www.7thpaycommissionnews.in

Retirement age 58 to 60 – Bihar decides to increase retirement age of Home Guards

Retirement age 58 to 60 – Bihar decides to increase retirement age of Home Guards

The State Government of Bihar decided to increase the retirement age of Home Guards from 58 to 60. According to the press report, the major decision is effective from 1st December 2014. Nearly 53,000 Home Guards will get the benefit of two more years of service.

Home Gurads are support force to the regular police of Bihar. And also decided that those Home Guards who have completed twenty years of service, including ten years of working days, will be given a one time grant of Rs.1,50,000 when they attain the age of sixty.

Source: www.7thpaycommissionnews.in

Vacation and breaks in Kendriya Vidyalayas during academic session 2015-16

Vacation and breaks in Kendriya Vidyalayas during academic session 2015-16

KVS has published the schedule for vacation and breaks in KV Schools for the academic session 2015-16.

Summer Vacation started from 3rd May 2015 and Winter break from 5.12.2014, accroding to the climate condition the schedule has been changed in KV Schools located in entire nation.

Click here to view the detailed table…

Source: www.7thpaycommissionnews.in

Expected DA Jan 2015 – Easy Calculation Instant Chart with input of AICPIN

Expected DA Jan 2015 – Easy Calculation Instant Chart with input of AICPIN

Once upon a time, Dearness Allowance calculation method and formula was very difficult for Central Government employees and Pensioners. And, some of few administrative staff and employees only to predict the Dearness allowance and Dearness Relief before the authentic announcement of Cabinet Committee with the help of calculation formula. ‘Swamy’s News’ books, one of the fantastic way to know the increasing in DA and DR for all. Even the publication releasing the book by monthly edition, more than three decades ‘Monopolize’ news magazine among Central Government employees. Still every unionist is getting knowledge on service matters through these publication books continues.

Expected DA and DR from Jan 2015

We need six months of AICPIN for getting actual percentage of additional DA and DR. Even though we had three months indices, we can say the 6% of hike from Jan 2015. This DA and DR hike is the second installment of this year and two more installments are balance in the tenure of 6th Pay Commission and from 1.1.2016 we may get the DA and DR as per the recommendations of 7th Pay Commission.

Nobody to declare the percentage of hike in Dearness Allowance and Dearness Relief before releasing the CPI (IW) for six months. But, we can predict by the using of simple calculators with the input of CPI(IW) index in the required places. We are introducing the simple calculator with input of your own predicted AICPIN for the balance months.

Click to view the  ‘Expected DA Instant Chart‘

Source : www.7thpaycommissionnews.in