How IDA increase is calculated?

How IDA increase is calculated? We have been reporting the increase in IDA every three months, always before official announcement is made. We have not been making predictions or assumptions. Our reporting has always been based on standard calculation used for the purpose. We feel that the members also should be aware of the calculation. Hence this article. The IDA rate revision is based on All India Consumer Price Index. After Second Pay Revision w.e.f. 1.1.2007, the base index has also been revised to 1.1.2007, which is 126.33 For arriving at IDA increase we need to know the All India Consumer Price Index for Industrial Workers [CPI(IW)] for the previous three months. For IDA revision w.e.f. 1st July of a year, the CPI of March, April and May are required. For IDA...

Read more »

Purchase of National Savings Certificates by an adult on behalf of a minor a clarification regarding

Purchase of National Savings Certificates by an adult on behalf of a minor a clarification regarding SB Order No.162012 No.61-03/2012-SB Government of India Ministry of Communications & IT Department of Posts Dak Bhawan, Sansad Marg, New Delhi - 110 001, Dated : 16.11.2012 To All Heads Circles, Addl. Director General, APS, New Delhi. Subject : Purchase of National Savings Certificates by an adult on behalf of a minor a clarification regarding. Sir/Madam, The undersigned is directed to say that this office has received a complaint through Secretary (Coord & PG), Cabinet Secretariat, Rashtrapati Bhawan, New Delhi regarding refusal of issue of NSC in the name of Grand Daughter (minor) to one Sh.S.P.Jain by Palam Vihar PO as well as SSPOs gurgaon (Haryana). 2....

Read more »

GRANT OF ADDITIONAL QUANTUM OF PENSION / FAMILY PENSION

GRANT OF ADDITIONAL QUANTUM OF PENSION / FAMILY PENSION The issue of grant of additional quantum of pension/family pension and clarification to the doubt raised by the Chennai PAO has been taken up by the CHQ through Com. S.K.Vyasji. Thanks to Com. Vyasji. CLICK HERE FOR THE ORDER source:http://aipaea09.blogspot.in/2012/11/grant-of-additional-quantum-of-pension.html ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** For Latest Updates Always visit http://satish24k.blogspot.in Share and Care ...

Read more »

Mysterious UFO over Indo-China Border

Press Information Bureau Government of India Ministry of Defence 26-November-2012 15:08 IST Mysterious UFO over Indo-China Border There is no conclusive proof of UFO flying over Indo-China border. Government is regularly monitoring all developments in our neighbourhood which have a bearing on national security. Required measures have been initiated through development of infrastructure and operational capabilities to achieve desired levels of defence preparedness to safeguard the sovereignty, territorial integrity and security of India. This information was given by Defence Minister Shri AK Antony in a written reply to Shri ManganiLalMandal in Lok Sabha today. ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** For Latest Updates Always visit http://satish24k.blogspot.in ...

Read more »

How to Calculate My Pension/Gratuity/Dearness Relief/Commutation

Calculate My Pension/Gratuity/Dearness Relief/Commutation This service provides the retired civil pensioners ready made calculators for calculating basic pension, family pension, gratuity & commutation based on the recommendation of Fifth and Sixth Central Pay Commissions. This service also calculates Revised Pension for pre-2006 pensioners, based on the recommendation of the Sixth Central Pay Commission. To know about the above mentioned service, please visit the following website. Calculate My Pension/Gratuity/Dearness Relief/Commutation ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** For Latest Updates Always visit http://satish24k.blogspot.in Share and Care var addthis_config = {"data_track_clickback":true}; ...

Read more »

LTC BENEFITS TO NEWLY RECRUITED CENTRAL GOVERNMENT EMPLOYEES

LTC BENEFITS TO NEWLY RECRUITED CENTRAL GOVERNMENT EMPLOYEES Leave Travel Concession for Central Government employees in general provides for reimbursement of fare entitled to the employee and his / her family concerned for the travel to home town twice in four years or to a place any where in India in lieu of one home town travel concession once in four years. As far as newly recruited Central Government Employees are concerned, LTC Scheme provides for some additional benefits which are discussed in this article. LTC Scheme after implementation of Sixth Pay Commission report – Benefits to Fresh Recruits in the form of additional LTC trips LTC Rules amended after implementation of sixth pay commission provides certain more Benefits to Fresh Recruits in the form of allowing additional...

Read more »

Discontinuation of conducting examination in APS Units/Centres.

Discontinuation of conducting examination in APS Units/Centres. Copy of Directorate’s Memo No. A-34020/11/2011-DE dated 15/2/2011 is reproduced below: Subject : Discontinuation of conducting examination in APS Units/Centres. Sir, I am directed to say that system of all Departmental Examinations is being revised. In this connection, Competent Authority has decided that the following Examinations hitherto being conducted in the APS units are discontinued. i) Examination for promotion to Postman cadre; ii) Examination for promotion to PAs/SAs (LGO); iii) Examination for promotion to Inspector Posts; Candidates working in APS who wish to attend the above mentioned Examinations will have to appear at the nearest possible...

Read more »

Pension Fund Regulatory and Development Authority (PFRDA) Bill-2011

Pension Fund Regulatory and Development Authority (PFRDA) Bill-2011 The Pension Fund Regulatory and Development Authority Bill, 2005 was initially introduced in Lok Sabha in March, 2005 to provide for a statutory PFRDA. However, since the Bill and the official amendments, based on the recommendations of the Standing Committee on Finance, could not be considered by the Lok Sabha, the Bill lapsed on dissolution of the 14th Lok Sabha. The Government has announced in the Budget 2011-12 that the revised PFRDA Bill would be moved in the Parliament. Accordingly, PFRDA Bill, 2011 was introduced in Lok Sabha on the 24th March, 2011 to provide for a statutory regulatory body the Pension Fund Regulatory and Development Authority (PFRDA) under the provisions of the Bill. The legislation sought...

Read more »

Implementation of NPS

Press Information Bureau Government of India Ministry of Finance 23-November-2012 16:57 IST Implementation of NPS           The New Pension System (NPS) has been implemented for various sectors like Central Government, State Government, Private Sector and NPS-Life. The status of NPS in these sectors as on 10th November, 2012 is as under:- Sector No. of Subscribers (Figures in lakhs) Assets under Management (Rs. In crores) Central Government 10.62 14,846 State Government 14.67 7,445 Private Sector 1.64 835 NPS-Life 13.05 344 Total 39.98 23,470 The number of subscribers is increasing every year in all the sectors. There is no proposal...

Read more »

Implementation of NPS

Implementation of NPS The New Pension System (NPS) has been implemented for various sectors like Central Government, State Government, Private Sector and NPS-Life. The status of NPS in these sectors as on 10th November, 2012 is as under:- Sector No. of Subscribers (Figures in lakhs) Assets under Management (Rs. In crores) Central Government 10.62 14,846 State Government 14.67 7,445 Private Sector 1.64 835 NPS-Life 13.05 344 Total 39.98 23,470 The number of subscribers is increasing every year in all the sectors. There is no proposal to increase the monthly contribution of subscribers by the Government. The Government provides matching contribution for the Central Government employees who are covered under the NPS scheme....

Read more »

Appointment on Fake Caste Certificates

Appointment on Fake Caste Certificates Information about appointments secured on the basis of fake/false caste certificates is not centrally maintained. However, the Central Government had taken one time exercise to collect information about appointments secured on the basis of fake/false caste certificates in the year 2010. As per information received from various Ministries/Departments etc., 1832 appointments were allegedly secured on the basis of fake/false caste certificates. Disciplinary proceedings had been instituted in all the cases. It was reported that out of the above 1832 cases, 276 had been resulted in suspension/removal etc., whereas 521 cases were entangled into litigations and in remaining 1035 cases disciplinary proceedings were pending. The Government instructions...

Read more »

New Pension System : Status of subscribers of NPS as on 10th November, 2012

New Pension System : Status of subscribers of NPS as on 10th November, 2012 Implementation of NPS The New Pension System (NPS) has been implemented for various sectors like Central Government, State Government, Private Sector and NPS-Life. The status of NPS in these sectors as on 10th November, 2012 is as under:- The number of subscribers is increasing every year in all the sectors. SectorNo. of Subscribers (Figures in lakhs)Assets under Management (Rs. In crores) Central Government10.6214,846 State Government14.677,445 Private Sector1.64835 NPS-Life13.05344 Total39.9823,470 There is no proposal to increase the monthly contribution of subscribers by the Government. The Government provides matching contribution for the Central Government employees who are covered...

Read more »

Clarification regarding availing of Restricted Holiday

Clarification regarding availing of Restricted Holiday Controller General of Defence Accounts Ulan Batar Road, Palam, Delhi Cantt-110010 No. AN/XIV/19404/Leave Matters/Vol-II Dated: 19/11/2012 To All PCsDA/CsDA/IFAsPCof A(Fys) Kolkata(through CGDA Mail server) Subject: Clarification regarding availing of Restricted Holiday A doubt has been raised by one of the Controller’s office regarding mid fix of RH between Casual leave and regular leave. The matter has been examined with reference to provisions laid down under GOI’s decision No. 2 read with Rule 22 and Rule 11 of CCS Leave Rules and it is clarified that :- (a) RH can be mid-fixed between Casual Leave as CL is not a recognized form of leave. (b) However, RH cannot be mid-fixed or sandwiched between two spells...

Read more »

Strike on 12/12/2012 EXPLANATORY NOTE ON DEMANDS FROM CONFEDERATION OF CENTRAL GOVERNMENT EMPLOYEES AND WORKERS

Strike on 12/12/2012 EXPLANATORY NOTE ON DEMANDS FROM CONFEDERATION OF CENTRAL GOVERNMENT EMPLOYEES AND WORKERS Item No. 1. Revision of wage with effect from. 1.,01..2011. The present wage structure of the Central Govt. Employees has been made on the basis of the 6th Central Pay Commission's recommendations. The 6th CPC introduced a new concept in the form of Pay band and Grade Pay. The recommendations of the Commission were implemented with effect from 1.1.2006 in the case of Pay and in the case of allowances with effect from 1.9. 2008. In the case of Central Public Sector undertakings, the wage revisions normally takes place after every five years. The 5th CPC in the case of Central Government employees recommended wage revision in every 10 years. In the past wage revision...

Read more »