Public holiday 15th October 2014 on account of General Assembly Elections in the State of Maharashtra

Public holiday 15th October 2014 on account of General Assembly Elections in the State of Maharashtra


Indian Banks’ Association
HR & INDUSTRIAL RELATIONS

No.CIR/HR&IR/H6/2014-15/727
October 9, 2014

All Members of the Association
(Designated Officers)

Dear Sirs,

Public holiday under Negotiable Instruments Act, 1881 on Wednesday, 15th October 2014 on account of General Assembly Elections in the State of Maharashtra.  We enclose a copy of notification No.PHD.1114/C.R/343/2014/XXIX dated 7th October 2014 issued by the Government of Maharashtra declaring Wednesday, 15th October 2014 as Public holiday under the Negotiable Instruments Act, 1881(XXVI of 1881), on account of polling for the General  Assembly Elections in the State of Maharashtra.

This is for information of member banks.

Yours faithfully,
sd/-
K S Chauhan
Sr. Vice Presidenl-HR&IR

MAHARAHSTRA GOVERNMENT ORDER

GENERAL ADMINISTRATION DEPARTMENT
Madam Cama Road, Hutatma Rajguru Chowk, Mantralaya,
Mumbai 400 032, dated the 7th October 2014.

NOTIFICATION

NEGOTIABLE INSTRUMENTS ACT, 1881.

No. PHD. 1114/C.R.343/2014/XXIX.— In exercise of the powers entrusted to the Government of Maharashtra by the Government of India, Ministry of Home Affairs vide its Notification No.39/1/68/Judi-III, dated the 8th May 1968 under section 25 of the Negotiable Instruments Act, 1881 (XXVI of 1881), the Government of Mnharashtra hereby declares as a Public Holiday in the State, on the day of Polling i.e. Wednesday, 15th October 2014 for the General Assembly Elections.

The Departments of Mantralaya are requested to bring these instructions to the notice of  the Corporations / Undertakings and Semi-Government bodies under their administrative control and advise them to extend the facility to the employees.

By order and in the name of the Governor of Maharashtra,
P. P. GOSAVI,
Deputy Secretary to Government.

Source: www.iba.org.in

AICPIN for August 2014 – DA from January 2015

AICPIN for August 2014 – DA from January 2015

AICPIN for the month of September, 2014 will be released on Friday. 31 October. 2014


It is estimated in our previous article about “Expected Dearness Allowance from January 2015“ that DA hike from January 2015 will range from 6% to 9% . It was estimated by assuming different pattern of increase in AICPIN for remaining five months. But this month AICPIN point shows that the expected DA from January 2015 will range from 6% to 7% .  

Consumer Price Index for Industrial Workers (CPI-IW) – August, 2014


No. 5/1/2014- CPI
GOVERNMINT OF INDIA
MINISTRY OF LABOUR & FMPLOYMFNT
LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004
DATED: the 30th September, 2014

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) – August, 2014


The All-India CPI-IW for August, 2014 increased by 1 point and pegged at 253 (two hundred and fifty three) . On 1-month percentage change,it increased by 0.40 per cent between July, 2014 and August, 2014 when compared with the rise of 0.85 per cent between the same two months a year ago.

The largest upward pressure to the change in current index carne from Food group contributing 1.03 percentage points to the total change. At item level, Wheat. Pulses, Milk, Chillies-green, Potato, Tomato, Green vegetables & fruits, Tea (Readymade), Snack Saltish, Bidi. Chewing tobacco, Pan finished, Fire wood. Doctor’s fee, Cable charges. Auto rickshaw & Bus Fare, Flower/Flower garlands, Toiletries, Tailoring charges, etc. are responsible for the increase in index. However, this increase was restricted to some extent by Eggs (lien). Fish Fresh. Poultry (Chicken), Ginger, Sugar. Electricity Charges, Medicine (Allopathie), Petrol, etc., putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-1W stood at 6.75 per cent for August, 2014 as compared to 7.23 per cent for the previous month and 10.75 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 7.63 per cent against 8.11 per cent of the previous month and 13.91 per cent during the corresponding month of the previous year.

At Centre level Nasik and Vadodara recorded the maximum increase of 8 points each followed by Chhindwara (7 points) and SuraL (6 points). Among others, 5 points rise was observed iii 4 centres. 4 points in 5 centres, 3 points in 7 centres. 2 points in 15 centres and 1 point in 16 centres. On the contrary, Goa reported a decrease of 8 points followed by Mysore (4 points). Among others, 3 points fall was observed in 3 centres, 2 points in 5 centres and 1 point in 6 centres. Rest of the 11 centres’ indices remained stationary.

The indices of 39 centres are above and other 39 centres are below national average.

The next index of CPI-IW for the month of September, 2014 will be released on Friday. 31 October. 2014. The same will also be available on the office website www.Iabourbureau.gov.in.

Sd/-
S.S.NEGI
DIR ECTOR

source : gservants.com

Expected Dearness Allowance from January 2015

Expected Dearness Allowance from January 2015


As all of us expected, 7% DA hike has been approved by Cabinet on 4th September 2014. Necessary order for payment of DA with effect from

1st July 2014 will be issued by Ministry of Finance soon. Here after our focus will be moving on to next instalment of dearness allowance which will be paid from 1st January 2015. We just analyse the trend of Consumer Price Index with the past seven months AICPCIN to arrive the expected DA from January 2015.

Since 2006, the AICPIN has witnessed second highest ever increase in July 2014. In 2009 the AICPIN increased by 7 points from 153 to 160 in the month of July. After that, an increase of 6 points over 246 points was declared in July 2014. It is the second highest monthly increase on AICPIN records from 2006. See the table below…

Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
MaxIncrease
2006
119
119
119
120
121
123
124
124
125
127
127
127
2
2007
127
128
127
128
129
130
132
133
133
134
134
134
2
2008
134
135
137
138
139
140
143
145
146
148
148
147
3
2009
148
148
148
150
151
153
160
162
163
165
168
169
7
2010
172
170
170
170
172
174
178
178
179
181
182
185
3
2011
188
185
185
186
187
189
193
194
197
198
199
197
4
2012
198
199
201
205
206
208
212
214
215
217
218
219
4
2013
221
223
224
226
228
231
235
237
238
241
243
239
4
2014
237
238
239
242
244
246
252





6

What is the impact of this highest increase of AICPIN on expected Dearness Allowance from January 2015?


It is observed that when it was 7 points increase in July 2009, it influenced very much on increasing the rate of DA to be paid from 1st January 2010 and 1st July 2010. The rate of Dearness Allowance had been enhanced by 8% from 25% to 35% with effect from 1.1.2010 and 10% increase from 35% to 45% was declared with effect from 1.7.2010. Though there was no considerable increase after those 7 points in that particular 12 months from July 2009 to June 2010, the rate of DA had been reached 8% and 10% increase level for  successive two instalments.

From this point of view, it is quite obvious that this one month increase on AICPIN is enough to play a vital role to have a considerable hike in rate of Dearness Allowance for forth coming two instalments. So this 6 points increase of AICPIN in July 2014, we can expect, will have a profound impact on increasing the rate of Dearness allowance to be paid, not only from 1st January 2015, but also from July 2015.

Let us see the three probabilities of  AICPIN trend, through which we can figure out approximately the expected DA from January 2015 


Probabilities (with AICPIN-IW points)
Expected DA from Jan 2015
Average increase of 3 points for remaining 5 months
9%
Average increase of 2 points for remaining 5 months
8%
If same points (252)continues for remaining  5 months
6%

7% Dearness Allowance hike for Tamil Nadu Government Employees from 1.7.2014

7% Dearness Allowance hike for Tamil Nadu Government Employees from 1.7.2014


To Day Government of Tamil Nadu has declared 7% DA hike for it employees with effect from 1.7.2014.  Tamil Nadu Government, in its Press Release, declared to grant Dearness Allowance at par with central government employees at the rate of 107% with effect from 1st July 2014 following the announcement of  Central Government to grant  7% DA hike for Central Government Employees.

Apart from the government servants those who are entitled for enhanced rate of Dearness allowance , the state government employees working in Department of local body and urban development and Teachers of Government aided Schools, Village assistants, Anganvadi employees, Noon Meal employees will be benefited by this DA hike. There are 18 Lakhs Government employees and Pensioners of Tamil Nadu Government will be paid 107% Dearness Allowance with effect from 1.7.2014 

The  impact on the exchequer on account of  dearness allowance would be of the order of Rs.1558.97 crore per annum.


Central Govt employees’ attendance surveillance system goes online

Central Govt employees’ attendance surveillance system goes online 


An electronic surveillance system to keep track of punctuality of government officials will become fully operational by the month end as part of Narendra Modi Government’s efforts to discipline employees.

Online trial run of the live biometric attendance system (BAS) have begun and attendance of over 50,000 employees from 148 departments can be viewed online. The system uses fingerprints to ensure that employees physically turn up and do not use proxies.

“BAS for central employees will be fully functional by the end of this month,” DeitY Secretary Ram Sevak Sharma informed.

The website, attendance.gov.in, is hooked up to computers in government offices that will identify employees through their fingerprint and unique identity number (Aadhaar).

It displays a dynamic, real-time chart of how many people are at work. It is also possible check when an individual checks in and logs out of the system.

The programme is currently being implemented in the central government offices located in the national capital and will eventually expand to all central Government employees across the country.

Wall mounted bio-metric attendance terminals have been installed in government buildings. Government employees can mark their attendance in any of the buildings where biometric terminals are installed.

So far, over 50,000 employees have registered on the site, he said, adding that around 10,000 more are expected to join this month.

The system will start with tracking attendance of central government employees stationed in the national capital, he said.

According to the information available on the attendance web portal, as many as 148 central government organisations have registered themselves for the same.

So far, about 50,027 employees have registered on the portal, of the total 66,353 employees. Out of the registered users, 47,644 employees are Aadhaar verified.

source : indianexpress.com

Frequently Asked Questions on LTC entitlements of Fresh Recruit

Frequently Asked Questions on LTC entitlements of Fresh Recruit


No. 31011/7/2014-Estt.(A-IV)
Department of Personnel and Training
Establishment (A-IV)

Dated: 26th September, 2014
North Block, New Delhi

Frequently Asked Questions (FAQs) on LTC entitlements of Fresh Recruit

The 6th CPC had recommended that “Fresh Recruits” to the Central Government may be allowed to travel to their Home Town along with their families on three occasions in a block of four years and to any place in India on the fourth occasion. This was accepted by the Government and orders were issued vide DoPT O.M. No. 31011/4/2008-Estt.(A) dated 23rd September, 2008.

2. This Department receives a number of references seeking clarifications from various Ministry/ Departments about the year wise LTC entitlements of Fresh Recruits. Based on the same, a set of frequently asked questions have been answered as under:

Question 1. What are the LTC entitlements of a Fresh Recruit?

Answer: Fresh recruits to the Central Government are allowed to travel to their home town along with their families on three occasions in a block of four years and to any place in India on the fourth occasion. This facility shall be available to the fresh recruits only for the first two blocks of four years applicable after joining the Government for the first time.

Question 2. How are the two blocks of four years applied to the Fresh Recruit?

Answer: The first two blocks of four years shall apply with reference to the initial date of joining the Government service even though the Govt. servant may change the job within the Government subsequently. However, as per Rule 7 of CCS (LTC) Rules, 1988, the LTC entitlement of a fresh recruit will be calculated calendar year wise with effect from the date of completion of one year of regular service.

Question 3. Are the LTC blocks of four years in respect of Fresh Recruits same as the regular blocks like 2010-13, 2014-17?

Answer: No. The first two blocks of four years of fresh recruits will be personal to them. On completion of eight year of LTC, they will be treated at par with other regular LTC beneficiaries as per the prescribed blocks like 2014-17, 2018-21 etc.

Question 4. If a fresh recruit does not avail LTC facility in a particular year, can he/she avail it in the next year?

Answer: No. Carryover of LTC to the next year is not allowed in case of a fresh recruit as he is already entitled to every year LTC. Hence, if a fresh recruit does not avail of the LTC facility in any year, his LTC will deem to have lapsed with the end of that year.

Question 5. How will the LTC entitlements of a Fresh Recruit be exercised after the completion of eight years of service?

Answer: (a) After the completion of eight years of service, when the next LTC cycle of fresh recruit coincides with the beginning of the second two year block (eg. 2016-17) of the running four year block (2014-17), he will be eligible only for ‘Home Town’ LTC if he/she has availed ‘Any Place in India’ LTC in the eighth year. Cases, where the new LTC cycle of fresh recruit coincides with the second year of the running two year block (ex. 2017 of 2016-2017), he will not be eligible for LTC in that year. Refer illustrations 1 & 3 for further explanation.

(b) At the end of the eighth year of LTC, when the new LTC cycle of a fresh recruit coincides with the beginning of a regular four year block, his entitlement in the regular block will be exercised as per the usual LTC Rules. Refer illustration 2.

Question 6. How will the LTC entitlement computed in case of a fresh recruit joining the service on 31st December of any year?

Answer: A fresh recruit who joins the Government service on 31st December of any year, will be eligible for LTC w.e.f. 31st December of next year. Since, 31st December is the last date of a calendar year, his first occasion of LTC ends with that year. Hence, he may avail his first Home Town LTC on the last day of that year. From next year onwards he would be eligible for the remaining seven LTCs. Refer illustration 3.

Question 7. How will the entitlements of a fresh recruit be computed who has joined the Govt. service before 01.09.2008?

Answer: A fresh recruit who has joined Government service before 01.09.2008 (i.e before the introduction of this scheme) and has not completed his first eight years of service as on 01.09.2008 will be eligible for this concession for the remaining time-period till the completion of first eight years of his/ her service. Refer illustration 4.

Question 8. Can a fresh recruit whose Home Town and Headquarters are same, avail LTC to Home Town?

Answer: No. A fresh recruit whose Home Town and Headquarters are same, cannot avail LTC to Home Town. He may avail LTC to any place in India on the fourth and eighth occasion only. As per Rule 8 of CCS (LTC) Rules, 1988, LTC to Home Town shall be admissible irrespective of the distance between the Headquarters of the Govt. servant and his Home Town which implies that Headquarters and Home Town should be at different places.

sd/-

(B. Bandyopadhyay)
Under Secretary to the Govt. of India
Ph. (011) 23040341
Read More at :gservants.com

DA for Central government employees who are drawing Pay in 5th CPC

DA for Central government employees who are drawing Pay in 5th CPC

F. No. 1/3/2008-E.II (B)
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi
Dated: 25th September, 2014.

OFFICE MEMORANDUM

Subject:- Rates of Dearness Allowance applicable w.e.f. 1.7.2014 to employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pre-revised scale as per 5th Central Pay Commission.

The undersigned is directed to refer to this Department’s Office Memorandum of even No. dated 22 April. 2014 revising the rates of Dearness Allowance in respect of employees of Central Government and Central Autonomous Bodies who continue to draw their pay and allowances in the pre-revised scales of pay as per 5th Central Pay Commission.

2. The rates of Dearness Allowance admissible to the above categories of employees of Central Government and Central Autonomous Bodies shall be enhanced from the existing rate of 200% to 212% w.e.f. 1.7.2014. All other conditions as laid down in the O.M. of even number dated 3 October, 2008 will continue to apply.

3. The contents of this Office Memorandum may also be brought to the notice of the organizations tinder the administrative control of the Ministries/Departments which have adopted the Central Government scales of pay.

Sd/-
(A. Battacharya)
Under Secretary to the Govt. of India

Payment of Dearness Allowance to Central Government employees w.e.f 1-7-2014

Payment of Dearness Allowance to Central Government employees – Finance Ministry Order

Payment of Dearness Allowance to Central Government employees

F.No.1/2/2014-E.II (B)
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi
Dated: 18th September, 2014.

OFFICE MEMORANDUM

Subject:- Payment of Dearness Allowance to Central Government employees – Revised Rates effective from 01.07.2014.

The undersigned is directed to refer to this Ministry’s Office Memorandum No.1/1/2014-E.II(B) dated 27th March, 2014 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 100% to 107% with effect from 1st July, 2014.

2. The provisions contained in paras 3, 4 and 5 of this Ministry’s O.M. No. 1(3)/2008-E.II(B) dated 29th August, 2008 shall continue to be applicable while regulating Dearness Allowance under these orders.

3. The additional installment of Dearness Allowance payable under these orders shall be paid in cash to all Central Government employees.

4. These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant head of the Defence Services Estimates. In regard to Armed Forces personnel and Railway employees, separate orders will be issued by the Ministry of Defence and Ministry of Railways, respectively.

5. In so far as the employees working in the Indian Audit and Accounts Department are concerned, these orders are issued with the concurrence of the Comptroller and Auditor General of India.

sd/-
(A. Bhattacharya)
Under Secretary to the Govt. of India

Source: www.finmin.nic.in

http://finmin.nic.in/the_ministry/dept_expenditure/notification/da/da01072014.pdf

Expected Dearness Allowance from January 2015

Expected Dearness Allowance from January 2015

As all of us expected, 7% DA hike has been approved by Cabinet on 4th September 2014. Necessary order for payment of DA with effect from

expected DA from January 2015

1st July 2014 will be issued by Ministry of Finance soon. Here after our focus will be moving on to next instalment of dearness allowance which will be paid from 1st January 2015. We just analyse the trend of Consumer Price Index with the past seven months AICPCIN to arrive the expected DA from January 2015.

Since 2006, the AICPIN has witnessed second highest ever increase in July 2014. In 2009 the AICPIN increased by 7 points from 153 to 160 in the month of July. After that, an increase of 6 points over 246 points was declared in July 2014. It is the second highest monthly increase on AICPIN records from 2006. See the table below…

Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
MaxIncrease
2006
119
119
119
120
121
123
124
124
125
127
127
127
2
2007
127
128
127
128
129
130
132
133
133
134
134
134
2
2008
134
135
137
138
139
140
143
145
146
148
148
147
3
2009
148
148
148
150
151
153
160
162
163
165
168
169
7
2010
172
170
170
170
172
174
178
178
179
181
182
185
3
2011
188
185
185
186
187
189
193
194
197
198
199
197
4
2012
198
199
201
205
206
208
212
214
215
217
218
219
4
2013
221
223
224
226
228
231
235
237
238
241
243
239
4
2014
237
238
239
242
244
246
252





6
6
What is the impact of this highest increase of AICPIN on expected Dearness Allowance from January 2015?

It is observed that when it was 7 points increase in July 2009, it influenced very much on increasing the rate of DA to be paid from 1st January 2010 and 1st July 2010. The rate of Dearness Allowance had been enhanced by 8% from 25% to 35% with effect from 1.1.2010 and 10% increase from 35% to 45% was declared with effect from 1.7.2010. Though there was no considerable increase after those 7 points in that particular 12 months from July 2009 to June 2010, the rate of DA had been reached 8% and 10% increase level for  successive two instalments.

From this point of view, it is quite obvious that this one month increase on AICPIN is enough to play a vital role to have a considerable hike in rate of Dearness Allowance for forth coming two instalments. So this 6 points increase of AICPIN in July 2014, we can expect, will have a profound impact on increasing the rate of Dearness allowance to be paid, not only from 1st January 2015, but also from July 2015.

Let us see the three probabilities of  AICPIN trend, through which we can figure out approximately the expected DA from January 2015 

Probabilities (with AICPIN-IW points)
Expected DA from Jan 2015
Average increase of 3 points for remaining 5 months
9%
Average increase of 2 points for remaining 5 months
8%
If same points (252)continues for remaining  5 months
6%


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