Expected AICPIN for Nov 2014 – Will the AICPIN rise?

Expected AICPIN for Nov 2014 – Will the AICPIN rise?

It looks as if there is scarcely any curiosity among Central Government employees to know about the next DA hike percentage. With just about everybody trying to predict the percentage hike, the topic has lost its novelty. Moreover, with DA increase not amounting to anything much, the curiosity to know has also nosedived.

Consumer Price Indices (CPI) measure changes over time in general level of prices of goods and services that households acquire for the purpose of consumption. CPI is widely used as a macroeconomic indicator of inflation, as a tool by governments and central banks for inflation targeting and for monitoring price stability, and as deflators in the national accounts. CPI is also used for indexing dearness allowance to employees for increase in prices.

There is huge change in CPI (General) and CFPI, have a look the comparison table is given below…

November’s AICPIN number will be announced next week. The index, which stood nailed to its spot for the past three months, is actually expected to fall this time.

Therefore, no matter which direction the AICPIN moves, the DA hike this time is not likely to go beyond 6%.

Source: www.7thpaycommissionnews.in

  

One Rank One Pension Scheme for Armed Forces still on paper

One Rank One Pension Scheme for Armed Forces still on paper

New pension scheme for armed forces still on paper: Deccan Herald

Though the National Democratic Alliance (NDA) government has allocated Rs 1,000 crore for implementing the one rank-one pension scheme for defence personnel, a working group chaired by the Controller General of Defence Accounts has failed to provide a roadmap for scheme implementation.

Under the scheme, soldiers of the same rank and same tenure of service are entitled to get same pension, irrespective of the retirement dates. Prime Minister Narendra Modi ,in his first visit to the high altitude forward post of Siachen on Deepavali, had told the soldiers that the scheme was an “emotional subject” for him. He had chided the United Progressive Alliance regime for dragging the issue.

The Bharatiya Janata Party (BJP) had promised the ex-servicemen the implementation of the scheme during Lok Sabha elections. A parliamentary standing committee on defence, headed by veteran BJP leader B C Khanduri, has suggested roping in an Indian Institute of Management for conducting a study to suggest measures for welfare of the ex-servicemen. The parliamentary panel, that scrutinised the defence ministry’s budget for 2014-2015, will submit its report on Monday.

Read more: http://www.deccanherald.com/

One Rank One Pension – Decision Expected in 1-2 Months

One Rank One Pension – Decision Expected in 1-2 Months

Much to the relief of nearly 25 lakh ex-servicemen, including 12 lakh soldiers who are protecting this sovereign nation, the final decision on the One Rank One Pension demand will be announced in a month or two.

According to reliable sources of information, Defence Minister Manohar Parikkar has given the assurance and that steps in this regard have already been taken. The fact that the Ministry is working overtime to enforce this scheme has brought cheers to serving armymen all over the country. They can rest assured that the scheme, which was being talked about for a number of years, will finally be implemented this time.

The Sixth Pay Commission had recommended fitment formula and modified parity for past pensioners, in order to reduce the gaps, which were accepted by the Government. For example, a Sepoy, who retired prior to 1996, gets 82% lower pension than a Sepoy who retires after 2006. Similarly, among officers, a pre-1996 Major gets 53% lower pension than his post 2006 counterpart”. OROP means that every pension-eligible soldier who retires in a particular rank deserves the same pension, irrespective of date of retirement. Currently, soldiers who left the armed forces more recently receive more than those who did earlier, because successive pay commissions hiked salaries.

During his Parliamentary speech, the then Finance Minister Pranabh Mukherjee announced that the scheme would be implemented in July 2009. It was announced that the Government was going to implement the recommendations made by the high level committee led by KM Chandraskehar. The scheme was discussed a number of times, but was never implemented.

With an allocation of Rs. 1000 Crores, while there is pressure to implement the scheme, the government also has to keep in mind the lakhs of former servicemen.

The new Government’s stand in this issue will become clear in another few months.

Source: 7thpaycommissionnews

Will the National Council JCM get revived again?

Will the National Council JCM get revived again?

The Joint Consultative Machinery has always been a bridge between the Centre and its employees. The National Council JCM Secretary has written a letter to the Centre to conduct the NC-JCM meeting, which hasn’t been held in the past four years. Some of the important points mentioned in the letter are given below:

 

“It may be appreciated the Joint Consultative Machinery(JCM) at the National level, conceived as an effective Negotiating Forum, has virtually become defunct as no meeting of this forum has been held during the last four years, with the result that, a number of major grievances of the Central Government employees continue to remain unresolved, because of which they are badly agitated.

 

The demands raised by the Staff Side for grant of Interim Relief and Merger of DA with Pay have been refused by the government.

 

The constituents of the National Council(JCM)(Staff Side) had to hold a “National Convention” on 11th December, 2014 in New Delhi. A copy of the Declaration of the above-mentioned Convention is enclosed herewith.

 

I request you to personally intervene in the matter, being the Chairman of the National Council(JCM), so as to avoid serious unrest and disturbance to industrial peace in the Central Government Services and hold discussions with the Staff Side, NC/JCM on these vital issues at your earliest”.

Source: http://7thpaycommissionnews.in/

No Decrease or Increase in Retirement Age – Centre clarifies

No Plans to Reduce Retirement Age – Centre clarifies

The Centre has clarified in the Parliament that there are no plans to reduce the retirement age for Central Government employees. The Minister Dr. Jitendra Singh had said this via a written reply to a query in Rajya Sabha yesterday.

The Minister has already clarified that there are no plans to increase the retirement age to 62 in Rajya Sabha on 11th December 2014.

This puts to rest speculations that had been making the rounds for a number of weeks now.

The Minister also presented the details of the money spent as payment for the Central Government employees. According to his reply, Rs. 85,963.5 crores was spent in 2010-11; Rs.92,264.88 was spent in 2011-12; and Rs. 1,04,759.71 was spent in 2012-2013 for payments to employees of various Central Government organizations running all over the country.

To the question raised by Mr. Sardar Sukhdev Singh Dhindsa, Dr. T. Subbarami Reddy and Mrs. Ambika Soni, Minister Dr. Jitendra Singh said that as per the recommendations of the 5th Pay Commission in 1997, the retirement age of Central Government employees was raised from 58 to 60.

The Pay Commission has the power to recommend an increase or decrease in the retirement age for Central Government employees. Will the 7th Pay Commission make any recommendation in this regard?

One has to wait and watch.

Source: www.7thpaycommissionnews.in