Wednesday, 18 November 2015

Report of 7th pay panel may not be having satisfying recommendations

Report of 7th pay panel may not be having satisfying recommendations

7th pay commission is going to submit its report on 20th November 2015 and 15 % hike is recommended

Report from news circle says that 7th pay commission is going to submit its report on 20th November 2015 and 15 % hike is recommended

After submission , it is believed that the outcome of 7th cpc recommendation will be unexpected and disappointment for bapus as Central Government deliberately influenced the Pay commission to be cautious about upward revision of pay and allowances of govt servants.

When the commission itself was ready to submit the report in stipulated time initially, the Central government gave four months extension upto December 2015.

The reason cited by Federation leaders for the extension was ‘ NDA government didn’t want to put itself in a mess before Bihar Election, because the Recommendation will not fulfil the expectation of Govt servants. The NDA government felt that disappointed central government employees may protest over 7th pay commission recommendation if it does not meet their expectation which , it felt, may reflect in Election Results. So the Central Government decided to postpone the date of submission of the report after the Bihar election.

But unexpectedly the NDA has failed to yield fruitful results in Bihar election. Now opposite parties found the reason to be united against the NDA Government, since the election result gave them faith and beleif to over power the NDA in coming elections.’

Further they added, “The winter session of Parliament going to start from 26 November 2015, opposite parties waiting to stall the proceedings of Parliament based on handful of sensitive issues which will be a bitter experience for NDA government.

So submission of 7th pay commission report before the winter session of parliament may help the govt to divert the attention of media and public from the sensitive issues”.

The Pay Commission, if it followed the methods adopted by previous pay commissions to compute the increase to be recommended for revision of pay and allowances of government servants, minimum 40% increase can be recommended.

But According to the Medium-Term Expenditure Framework Statement tabled by Finance Minister Arun Jaitley in Parliament said

“The salary outgo of central government employees will go up by 9.56 per cent to Rs 1,00,619 crore in current fiscal.
The pace will increase further in 2016-17 at 15.79 per cent to Rs 1.16 lakh crore with the likely implementation of the 7th Pay Commission award”

So there are two possibilities for calculating Fitment Formula

Tuesday, 17 November 2015

7th Pay Commission ready with the report - Going to submit on 19.11.2015

7th Pay Commission ready with the report - Going to submit on 19.11.2015

As per the PTI news, the 7th Central Pay Commission is ready with the final report and will submit it on November 19.

The Chairman of commission Justice A K Mathur told PTI today that we will submit the final report to Finance Minister Arun Jaitley on Thursday recommending increase in remuneration of Central Government employees as well as pensioners.

The commission was constituted on 28th February 2014 to revise the remuneration of about 48 lakh Central Government employees and 55 lakh pensioners. Its recommendations will also have a bearing on the salaries of the state government staff.

Meanwhile, the NDTV said that the hike in salaries is expected to propose only 15% approximately in the report and the 15% salary hike likely to be recommended by the 7th Pay Commission will be much lower than the 35 per cent hike employees got on implementation of the 6th Pay Commission in 2008.

We have to wait and watch the recommendations of 7th Pay Commission report till the date of submission.

7th Pay Commission ready with the report - Going to submit on 19.11.2015

7th Pay Commission ready with the report - Going to submit on 19.11.2015

As per the PTI news, the 7th Central Pay Commission is ready with the final report and will submit it on November 19.

The Chairman of commission Justice A K Mathur told PTI today that we will submit the final report to Finance Minister Arun Jaitley on Thursday recommending increase in remuneration of Central Government employees as well as pensioners.

The commission was constituted on 28th February 2014 to revise the remuneration of about 48 lakh Central Government employees and 55 lakh pensioners. Its recommendations will also have a bearing on the salaries of the state government staff.

Meanwhile, the NDTV said that the hike in salaries is expected to propose only 15% approximately in the report and the 15% salary hike likely to be recommended by the 7th Pay Commission will be much lower than the 35 per cent hike employees got on implementation of the 6th Pay Commission in 2008.

We have to wait and watch the recommendations of 7th Pay Commission report till the date of submission.

7th Pay Commission ready with the report - Going to submit on 19.11.2015

7th Pay Commission ready with the report - Going to submit on 19.11.2015

As per the PTI news, the 7th Central Pay Commission is ready with the final report and will submit it on November 19.

The Chairman of commission Justice A K Mathur told PTI today that we will submit the final report to Finance Minister Arun Jaitley on Thursday recommending increase in remuneration of Central Government employees as well as pensioners.

The commission was constituted on 28th February 2014 to revise the remuneration of about 48 lakh Central Government employees and 55 lakh pensioners. Its recommendations will also have a bearing on the salaries of the state government staff.

Meanwhile, the NDTV said that the hike in salaries is expected to propose only 15% approximately in the report and the 15% salary hike likely to be recommended by the 7th Pay Commission will be much lower than the 35 per cent hike employees got on implementation of the 6th Pay Commission in 2008.

We have to wait and watch the recommendations of 7th Pay Commission report till the date of submission.

Monday, 16 November 2015

Swachh Bharat Cess @ 0.5% on transportation passengers by trains - Railway Board Orders 2015

Swachh Bharat Cess @ 0.5% on transportation passengers by trains - Railway Board Orders 13.11.2015

GOVERNMENT OF INDIA (Bharat Sarkar)
MINISTRY OF RAILWAYS (Rail Mantralya)
(RAILWAY BOARD)

(Commercial Circular No. 68 of 2015)

No. TC-II/2910/2013/Service Tax

New Delhi, dated 13.11.2015

The General Managers,
All Zonal Railways

SUB: Levy of Swachh Bharat Cess on the service tax leviable on transportation passengers by rail.

REF: i. Commercial Circular No.32 of 2015 dated 26.05.2015.

ii. Ministry of Finance Notification Nos. 21 & 22/2015- Service Tax dated 06-11- 2015.

Ministry Of Finance vide their Notification Nog. 21 & 22/201 S-Service Tax dated 06-11-2015 have decided that Swachh Bharat Cess @ 0.5% shall be levied on the value of all taxable services w.e.f. 15-11-2015.

2. Accordingly, following changes shall be made in the Commercial Circular No. 32 of 2015
dated 26-05-2015:-

"Service tax of 14% and Swachh Bharat Cess of 0.5 % are chargeable on 30% of total passenger fare equivalent to 4.35% of the total fare in first Class and all AC classes."

3. The increase in service tax shall be applicable w.e.f. 15-11-2015 on the tickets issued/booking made on or after 15.11.2015. Service Tax increase is not, leviable on tickets issued prior to 15-11-2015.

4. Other terms and conditions shall remain the Same as per various circulars/notifications issued on this subject.

5. This issues with the concurrence of Finance of Ministry of Railways.

6. Necessary instructions shall be issued to the all concerned.

sd/-
(Rohit Kumar)
Dy. Director Traffic Commercial-II
Railway Board

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