Monday, January 26, 2015

Will Central Government Employees, get 6% dearness allowance

Will Central Government Employees, get 6% dearness allowance

 Good days will come for Central Government Employees, get 6% dearness allowance

     Modi Government is set to big announcement on Budget in view of 7th Pay Commission

It is certain that 6% increase in DA is guaranteed. Here it is necessary to mention that the DA is increased twice in a year. Central government employees are paid from the first of January and July.  As we're told that the DA is 6 percent of total will be 113%. But it is also a provision that if the DA crossed 100 mark will be merged in the basic salary. The employee unions are pressing hard for the merger of DA in the basic pay. But neither the government nor the Seventh Pay Commission is committed at this point. The government has also not in mood to merge the DA in the basic pay. If that happens, this will be bad news for the employees.


Union workers are now engaged on the expected budget has to be presented in February. Employees are hoping that the finance minister will must bring good day for them. On the other side the employee organizations has started to pressure on government to merge the DA in basic pay. The employees union are also pressing for provision of fund for implementation of Seventh Pay Commission in the budget. Trade union leaders are confident that a big announcement can be in budget .


Comparison of weighting diagrams of the existing and revised series of CPI

Comparison of weighting diagrams of the existing and revised series of CPI

Ministry of Statistics and Programme Implementation has uploaded on its official portal on 22nd of this month that the comparison of the existing and revised series of Consumer Price Index.

The new and revised consumer price index is based on 2012=100. The first index of revised CPI will be published on 12.2.2015.

We reproduced the press release of the new and revised CPI press release and given below for your information…
Base Year Revision of Consumer Price Index (CPI)

The Central Statistics Office (CSO) releases Consumer Price Indices (CPI) for Rural, Urban and Combined, at State/UTs and all India level, w.e.f. January 2011. The Base Year of this series of CPI is 2010=100 and weighting diagrams are based on the results of Consumer Expenditure Survey (CES) 2004-05.

2. Now the CSO is in the process of revising the Base Year from 2010=100 to 2012=100. The weighting diagrams have been prepared on the basis of the results of CES (2011-12). With this revision, the gap between Price Reference Year (Base Year) and the Weight Reference Year has been minimized. Apart from this, a number of methodological improvements have been introduced in the revised series, which are as follows:

Weighting diagrams have been prepared using the Modified Mixed Reference Period (MMRP) data of CES (2011-12), to make consistent with the international practice of shorter reference period for most of the food items and larger reference period for the item of infrequent consumption/purchased. In the old series (Base Year 2010=100), Uniform Reference Period (URP) data were used.

In the existing series of CPI, COICOP (Classification of Individual Consumption According to Purpose), an international standard classification, is being followed broadly, whereas in the revised series, it would be completely followed, except a few deviations which are necessary for Indian context.

The Geometric Mean, instead of Arithmetic Mean being used in the old series, of the price relatives with respect to base prices would be used to compile elementary/item indices.

In case of PDS items, prices of Antyodaya Anna Yojanna (AAY) have also been included in addition to Above Poverty Line (APL) & Below Poverty Line (BPL) prices being taken in the existing series.
Due to change in the consumption pattern from 2004-05 to 2011-12, the weighting diagrams (Share of expenditure to total expenditure) have changed. A comparison of weighting diagrams of the existing and revised series is given in the table below:

Table: Comparison of weighting diagrams of the existing and revised series of CPI

Comparison-of-existing-and-revised-series-of-CPI

4. In the CES (2011-12), some of the items of CES (2004-05) were dropped from the schedule and a few new items were added. Market survey was conducted to identify shops, fix specifications and collect prices of the new items. Based on the availability of prices, a few new items have been included in the revised series. At the same time, some of items of the existing series have been dropped, in respect of which, prices have not been reported for quite a long period of time. Accordingly, the number of priced items has changed from 437 to 448 in rural and from 450 to 460 in urban at all India level. The number of priced items varies from State to State. If a particular item has occurred in any State, that item has been considered in the All India item basket. In the revised series, 11 new priced items have been added, without dropping any item, in rural sector at all India level. In case of Urban, 7 priced items have been dropped and 17 new priced items have been added.

5. Adopting the aforementioned improvements in methodologies, the first series (revised) would be compiled for the month of January 2015 and released on 12th February 2015. In order to estimate the old series of CPI, using the revised series, a linking factor would be provided. The year on year inflation rates for each month of 2015 would be compiled and released, with the respective press release, using the Linking Factor. From January 2016 onwards, the inflation rates would be compiled using the actual CPI of the revised series, as the indices for a given month of the year 2015 and 2016.

CGEGIS Table 2015: Central Government Employees Group Insurance Scheme-1980 — Tables of Benefits for the savings fund for the period from 01.01.2015 to 31.12.2015.

CGEGIS Table 2015: Central Government Employees Group Insurance Scheme-1980 — Tables of Benefits for the savings fund for the period from 01.01.2015 to 31.12.2015.

No.7(1)/EV/2014
Government of India
Ministry of Finance
Department of Expenditure
New Delhi, the 22nd January, 2015
OFFICE MEMORANDUM
Sub: Central Government Employees Group Insurance Scheme-1980 — Tables of Benefits for the savings fund for the period from 01.01.2015 to 31.12.2015.

The undersigned is directed to refer to this Ministry’s O.M. No.7 (1)/EV12013 dated 8th January, 2014 forwarding therewith Tables of Benefits under CGEGIS for the year 2014.

New Tables of Benefits for the savings fund of the Scheme based on a subscription of Rs.10 per month from 1.1.1982 to 31.12.1989 and Rs.15 per month w.e.f. 1.1.1990 onwards have been prepared for the year 2015 and a copy of the table is enclosed.

Another Table of Benefits for the savings fund based on a subscription of Rs.10 per month for those employees who had opted out of the revised rates of subscription w.e.f. 1.1.1990 have also been drawn up for the year 2015 and a copy of that table is also enclosed. The amounts in the Tables have been worked out on the basis of interest @ 10% per annum(compounded quarterly) for the period from 1.1.1982 to 31.12.1982, 11% per annum(compounded quarterly) w.e.f. 1.1.1983 to 31.12.1986, 12% per annum(compounded quarterly) w.e.f. 1.1.1987 to 31.12.2000, 11% per annum (compounded quarterly) w.e.f. 1.1.2001 to 31.12.2001, 9.5% per annum(compounded quarterly) w.e.f. 1.1.2002 to 31.12.2002, 9.0% per annum(compounded quarterly) w.e.f. 1.1.2003 to 31.12.2003, 8% per annum (compounded quarterly) w.e.f. 1.1.2004 to 30.11.2011, 8.6% per annum (compounded quarterly) w.e.f. 1.12.2011 to 31.03.2012, 8.8% per annum (compounded quarterly) w.e.f. 1.04.2012 to 31.03.2013 and 8.7 % per annum (compounded quarterly) w.e.f. 01.04.2013 onwards. The mortality rate under the Scheme has been taken as 3.75 per thousand per annum up to 31.12.1987 and 3.60 per thousand per annum thereafter in both the cases. While calculating the amount it has been assumed that the subscription has been recovered or will be recovered from the salary of the month in which a member ceases to be in service failing which it should be deducted from accumulated amounts payable.

In its application to the employees of Indian Audit and Accounts Department this Office Memorandum issues in consultation with the Comptroller and Auditor General of India.
(VIJAY KUMAR SINGH)
DIRECTOR

CGEGIS Table 2015 for Rs. 10 and 15 Subscription

CGEGIS Table 2015 for Rs. 10 Subscription trhougout
Source: http://finmin.nic.in/the_ministry/dept_expenditure/notification/CGEGIS/CGEGISTables23012015.pdf

Bank Wage Revision : IBA fixed date for next Bipartite meeting

Bank Wage Revision : IBA fixed date for next Bipartite meeting

Meeting of sub committee on charter of demands on workmen to be held on 30th January 2015 at Mumbai.
Following which IBA managing committee will meet on 31st January and next bipartite meeting with UFBU will take place at Mumbai on 3rd February 2015.

News Provided by Mr P.Mohan

Shortage of staff in the grades of Assistants and Section Officers-modification to the channel of submission till staff position improves regarding.

Shortage of staff in the grades of Assistants and Section Officers-modification to the channel of submission till staff position improves regarding.

No.7/4/2013-CS.I(A)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
CS.I Division
2nd Floor, Lok Nayak Bhawan,
Khan Market, New Delhi-110003
Dated the 23rd January 2015
OFFICE MEMORANDUM
Subject: Shortage of staff in the grades of Assistants and Section Officers-modification to the channel of submission till staff position improves regarding.

The undersigned is directed to refer to the various requests received from Ministries/Departments for posting of officers in the grades of Assistant and Section Officer and to say that as on date about 2500 vacancies exist in the Assistants grade alone. The vacancies could not be filled up on account of litigation relating to Combined Graduate Level Examination-2013, The CGLE-2013 has to be conducted again and its results are expected shortly. Selected candidates would be first required to undergo the Foundational Training and only thereafter, they could be nominated to Ministries/Departments. In view of this, it would take few more months before DR Assistants could be posted.

The same procedure will be followed in respect of Assistants recruited through CGLE-2014 for which Tier-I of the examination has already been conducted. In the meanwhile, vacancies in the grade of Assistant will continue to remain. As regards. SO grade, the position has improved considerably and this Department will shortly issue the zone for promotion against seniority quota for the Select List year 2014. The remaining vacancies will also be filled up once UPSC declares results of Limited Departmental Competitive Examination-2014.

2. The undersigned is directed to circulate herewith the vacancy position in the grades of Assistant and SO as per Annexure. It may be seen that the combined strength of officers in-position in these grades in almost all the Ministries/Departments is more than the sanctioned strength of Assistants. Ministries)/Departments may reconcile the data and inform this Department if there is any discrepancy. They may also reconcile the actual position of officers in these grades with the data in the web based cadre management system. Till vacancies in the grade of Assistants are filled up, as advised earlier, Ministries/Departments may suitably adjust the channel of submission at SO/Assistant levels, keeping in view Chapter 6 of e-Office procedure i.e. Assistants and SOs may submit files directly to  Under Secretary.

3. Cooperation of Ministries/ Departments is requested till the position in the grade of Assistants is improved
.
sd/-
(V.Srinivasaragavan)
Under Secretary to the Government of India
Source: www.persmin.gov.in

 Vacancy Position fo SOs and Assistants 2015

Central Government to release new series of CPI inflation in February

Central Government to release new series of CPI inflation in February

New series of Consumer Price Index from February 2015

According to the news paper report, the Central Government to release new series of CPI inflation in February…

To present a more accurate and realistic price situation, the government will release next month a new series of Consumer Price Index (CPI) with 2012 as base year for computing retail inflation rate.
The Central Statistics Office (CSO) is in the process revising the Base Year from 2010=100 to 2012=100 so that the gap between Price Reference Year (Base Year) and the Weight Reference Year has been minimised. The first series (revised) would be compiled for January which will be released on February 12 and from January 2016 onwards, inflation rates would be compiled using the actual CPI of the revised series.
Besides, the government has notified a number of methodological improvements have been introduced in the revised series. Prices of Antyodaya Anna Yojanna (AAY) have also been included in addition to Above Poverty Line (APL) & Below Poverty Line (BPL) prices being taken in the existing series.

The weight of food and beverages would be 45.86 in the new series compared to 47.58 in 2010 series for national index. The weight of fuel and light segment would be 6.84 in the new series which is 9.49 in the 2010 series. The weight of clothing and footware segment would be increased to 6.53 from 4.73.
The weight of housing will also be increased to 10.07 from 9.77. Further, the weight of pan, tobacco and intoxicants will be increased to 2.38 from 2.13 in 2010 series. Similarly the weight of miscellaneous will also be increased to 28.32 from 26.31 in the new series.

The number of priced items has been changed from 437 to 448 in rural and from 450 to 460 in urban at all India level. In the revised series, 11 new priced items have also been added, without dropping any item, in rural sector at all India level. In case of urban, 7 priced items have been dropped and 17 new priced items have been added.

Source : PTI

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