Thursday, July 14, 2016

7th Pay Commission: Know the new salary of Assistant Professors, Doctors, Engineers, Scientists

7th Pay Commission: Know the new salary of Assistant Professors, Doctors, Engineers, Scientists

7th-CPC-NEW-SALARY

New Delhi: Know the revised salary of Assistant Professors, Doctors, Engineers, Scientists, recommended by the 7th Pay Commission.

The Narendra Modi government on June 29 approved the recommendations of 7th Central Pay Commission (CPC) on pay and pensionary benefits.

It will come into effect from January 1, 2016.

The recommendations will benefit over 1 crore employees. This includes over 47 lakh central government employees and 53 lakh pensioners, of which 14 lakh employees and 18 lakh pensioners are from the defence forces.

The new scales of pay provide for entry-level basic pay going up from Rs 7,000 per month to Rs 18,000, while at the highest level i.e. Secretary, it would go up from Rs 90,000 to Rs 2.5 lakh. For Class 1 officers, the starting salary will be Rs 56,100.

The table below shows the new salary of central government employees fall under the pay band of Rs 15,600- Rs 39,100.

  Pay Band  Rs 15,600- Rs 39,100
    Grade Pay540066007600
     Level101112
1561006770078800
2578006970081200
3595007180083600
4613007400086100
5631007620088700
6650007850091400
7670008090094100
8690008330096900
9711008580099800
107320088400102800
117540091100105900
127770093800109100
138000096600112400
148240099500115800
1584900102500119300
1687400105600122900
1790000108800126600
1892700112100130400
1995500115500134300
2098400119000138300
21101400122600142400
22104400126300146700
23107500130100151100
24110700134000155600
25114000138000160300
26117400142100165100
27120900146400170100
28124500150800175200
29128200155300180500
30132000160000185900
31136000164800191500
32140100169700197200
33144300174800203100
34148600180000209200
35153100185400
36157700191000
37162400195700
38167300202600
39172300208700
40177500
Source: Zeenews

NFIR – Implementation of the recommendations of 7th CPC – Fitment Factor and pay Fixation for Running Staff

NFIR – Implementation of the recommendations of 7th CPC – Fitment Factor and pay Fixation for Running Staff
NFIR


No. IV/NFIR/7CPC(Imp)/2016/R.B.
Dated : 13/07/2016
The Secretary (E),
Railway Board,
New Delhi

Dear Sir.
Sub: Implementation of the recommendations of 7th CPC – Fitment Factor and pay Fixation for Running Staff – reg.

The Railway Board is aware that the Union Cabinet has decided on 29th June 2016 for implementation of revised Pay Matrices of the 7th Central Pay Commission w.e.f. 01/01/2016 duly applying 2.57 multiplier factor. The notification, in this regard, is expected from the Ministry of Finance in due course.

In this connection, the NFIR invites Railway Board’s attention to letter No. PC- VI/2008/1/RSRP/1 dated 12/09/2008 relating to Pay Fixation tables for Running Staff which were given effect from 01/01/2006 and wherein the Fitment Factor was 2.118 for Running Staff (in view of pay element) instead of 1.86.
Considering the 30% pay element of Running Stuff which is needed to be taken for arriving at multiplier factor, the Federation is of the view that the Fitment Factor for Pay Fixation of Running Staff in the 7th CPC Pay Matrix shall be “3” instead of “2.57”.

NFIR, therefore, urges upon the Railway Board to take the above points into consideration for the purpose of determining the Fitment Factor as “3” in the case of Running Staff for granting 7th CPC Pay Fixation w.e.f. 01/01/2016.
Yours faithfully
sd/-
(Dr. M. Raghavaiah)
General Secretary
Source : NFIR

7th Pay Commission: Key things you should avoid doing with the additional money

7th Pay Commission: Key things you should avoid doing with the additional money


New Delhi: Very soon fresh hike in salaries will be visible due to implementation of recommendations made by the 7th Pay Commission to the government. However, it’s highly recommended that the additional money you receive is invested wisely. You should not indulge in impulsive purchases and ensure the money is used to meet your long-term financial goals. So, the money should be utilized judiciously.

Here are key things you should avoid doing with the additional money:


1) Don’t purchase additional vehicle, house
It’s advisable that you must not go for a fresh purchase of vehicle when the current one is already serving your purpose and you have other important financial goals to meet. Value of vehicle only depreciates with time and hence, doesn’t qualify as a very good choice.

What for are you purchasing a new house, if you already have a good enough residential area to live in? In case you are planning to rent a house, idea is not bad, but not best even. If you are a wise man, you will always go for a loan in addition to an amount you already have so as to observe tax benefits. However, on rough calculation, rent will only provide you yield of 2 percent against the loan cost of about 10 percent in addition to the processing fees. Also, there is no guarantee, the area that you want to rent finds a tenant as soon as you want. Same is true in the case you wan to sell the apartment considering weak realty market.

2) No need for additional foreign holiday
No logic justifies spend on additional foreign holiday in place of important financial investments. Although, you can avail tax relief on vacations in India, twice in four years, it’s not a good idea by any means.

3) Avoid unnecessary shopping
This is the common ailment that almost every Indian suffers from. When on shopping spree, we generally forget, when to start and where to stop.

4) Be judicious in gold purchase
Financial advisors always advise to only buy gold as safe haven. If you have better investment options in front of you such as tax-free bonds, ETFs and mutual funds, avoid purchase of the bullion as the returns are much less here.

5) No need for prepayment of home loans
It’s always advised that you should not prepay home loan since it provides tax benefits that actually make the loan cheap. You better pay your outstanding loans in form of credit card balances and others.

Scheme for Promotion of Adventure Sports and similar Activities amongst Central Government Employees. Approved programme for September, 2016 to January, 2017

Scheme for Promotion of Adventure Sports and similar Activities amongst Central Government Employees. Approved programme for September, 2016 to January, 2017

No.125/1/2015-16-CCSCSB
Government of India
Ministry of Personnel, Public Grievances & Pensions
(Department of Personnel & Training)
Lok Nayak Bhawan, New Delhi
dated 14th July,2016
Circular

Sub: Scheme for Promotion of Adventure Sports & Similar Activities amongst Central Government Employees. Approved Programme for September 2016 to January 2017.

The undersigned is directed to refer to the Department of Personnel & Training Office Memorandum of even number dated 26th April 2016 regarding Scheme for Promotion of Adventure Sports & Similar Activities amongst Central Government Employees (copy enclosed).

2. Following are the approved programmes under the Scheme during September 2016 to January 2017:
Youth Hostel Association of India (YHAI):

S.NProgramme Name@Duration*Fees (Rs.)Base CampDates
1.National Mountain Biking Expedition Srinagar 20167D/6N4500/-Base Camp at the campus of
Youth Hostel Srinagar Holiday Inn, J&K
15th Sep. to 24th Sep. 2016
2.National Himalayan Winter Trekking Expedition, Dalhousie, 2016-176D/5N4700/-Youth Hostel Dalhousiel0th Dec,2016 to 6th Jan,2017
3.National Himalayan Winter Trekking Expedition - Kedarkantha 2016-177D/6N5000/-Sankri, Dist. Uttarkashi, U.K.l5th Dec,2016 to 5th Jan,2017
4National Himalayan Winter Trekking Expedition - Manali 2016 to 20175D/4N4200/- Tentative feeYouth Hostel Manali, H.P.l2th Dec,2016 to 14th Jan,2017
* From the date of reporting.

@Course application form, medical certificate, risk certificate, joining instructions and conditions of the programme are available at the Association website www.yhaindia.org .

Contact Person, Shri Ankit Gupta, Marketing Officer, 011-45999026, email: ankit@yhaindia.org
Inclusions of the programme:- Group Insurance, tented/built accommodation on sharing basis whichever is available, forest entry, all meals including Buffet Breakfast, Buffet/Packed Lunch, Evening Snacks, Buffet Dinner and Milk, Nutritious vegetarian food, trained guides all along the trekking route, rucksacks on returnable basis, sleeping sheets and sleeping bags at every camp site, bust transfers where required, first aid and Medical Assistance.

3. The financial assistance and other incentives and procedure for availing benefits of the scheme have been mentioned in the paragraph 7 and 8 of the said Scheme. The additional list of approved programme will follow.

4. The interested and eligible Central Government Employees may contact the designated person of the Institute/Association and forward a copy of the application form after following prescribed procedure. Re- imbursement of admissible amount will be made by the Central Civil Services Cultural and Sports Board after successful completion of the course/programme.
(Sande p Jain)
Director & Chief Welfare Officer
To
Director/Deputy Secretary(Administration) of all Ministries/Departments

DoPT Order

7th Pay Commission allowances – Common allowances to be examined separately

7th Pay Commission allowances – Common allowances to be examined separately

Govt has formed a committee to examine the recommendations of 7th Pay Commission relating to all 196 allowances. Here is an analysis on why Common allowances should not be clubbed with other allowances

7th Pay Commission Allowances – Clubbing of examination of Common Allowances such as House Rent Allowance, Dearness Allowance, Children Education Allowance, Transport Allowance etc with lesser known and paid to few only allowances would cause more delay

7th Pay Commission Allowances – It may be recalled that 7th Pay Commission abolished as many as 51 allowances after examining 196 existing Allowances and also subsumed 37 Allowances.

As a result of such major change in 7th Pay Commission Allowances, Cabinet has decided that recommendations in respect of all the allowances are to be examined by a Committee headed by Finance Secretary.

What are those 196 allowances ?

Now, let us have a look at the a summary of recommendations in respect of all 196 allowances which have been taken for examination by 7th Pay Commission.

It could be seen that excepting certain common allowances that are granted to all Central Government Employees such as Dearness Allowance, House Rent Allowances, Transport Allowance, Children Education Allowance, Tour Travelling Allowance, etc, many of the allowances are payable only to very few employees on the basis of nature of work, qualification, risk involved, place of work etc.

So, those common allowances could be examined separately without causing delay in revision and payment of these allowances.

It is of the opinion all benefiting employees out of implementation of 7th Pay Commission that clubbing these common allowances with other cadre specific allowances, examination of which involve considerable technical study. Hence it would result in more delay in taking decision on Common allowances as well by Govt.

Ultimately, it would result in considerable monetory loss to Central Government Employees as revision in allowances are paid on prospective basis only.

In fact, 7th Pay Commission itself has categorised these 196 allowances under 15 categories.

Sl
No.
Category No. of
Allowances
1 Allowances payable for Additional/Extra Duty 14
2 Allowances related to Knowledge Updates 3
4 Allowances related to Working on Holidays 3
5 Allowances related to Housing 7
6 Allowances related to Good Service 4
8 Allowances related to Risk and Hardship 51
9 Allowances for Running Staff of Indian Railways 13
10 Allowances related to Sports 2
11 Sumptuary Allowances 5
12 Allowances related to Training 2
13 Allowances related to Travel 13
14 Allowances related to Uniform 9
15 Other Allowances 52

Total: 196

It is found that all the common allowances viz., Dearness Allowance, House Rent Allowance, Transport Allowance, Tour Travelling Allowance and Children Education Allowance, fall under 3 categories only out of 15 categories of Allowances discussed in detail by 7th Pay Commission.

Those categories are
1. Allowances related to Housing,
2. Allowances related to Travel and
3. Other Allowances
Even if allowances under these 3 categories are given priority in examination, all the main allowances could be examined by the Committee formed by the Govt well in prior, so that there will not be more delay for revision of Common Allowances.

We hope all Staff Unions and associations would take this aspect in to consideration to get the revision of common allowances as early as possible.

7th Pay Commission: How it will change your exact salary-know simply


7th Pay Commission: How it will change your exact salary-know simply

New Delhi: The Narendra Modi government on June 29 approved the recommendations of 7th Central Pay Commission (CPC) on pay and pensionary benefits.

It will come into effect from January 1, 2016.

The recommendations will benefit over 1 crore employees. This includes over 47 lakh central government employees and 53 lakh pensioners, of which 14 lakh employees and 18 lakh pensioners are from the defence forces.
 
The new scales of pay provide for entry-level basic pay going up from Rs 7,000 per month to Rs 18,000, while at the highest level i.e. Secretary, it would go up from Rs 90,000 to Rs 2.5 lakh. For Class 1 officers, the starting salary will be Rs 56,100.

Here we will show you how the 7th Pay Commission will change your exact salary keeping in mind the 4 main pay bands:

Existing Pay Band (5200-20200)

All numbers are in rupees
Basic pay = 5200
Grade pay = 1800
Total entry pay = 7000
Dearness allowance of 125% on Basic pay and Grade pay = 8750
Total salary = 7000+ 8750+ allowances = 16750 + allowances
New salary ( as per 7th Pay Commission) = 18000 + allowances
Net difference = 1250
Employees covered: Security guard, junior attendant, senior laboratory assistant, overseer

Existing Pay Band (9300-34800)

Basic pay = 9300
Grade pay = 4200
Total entry pay =13500
Dearness allowance of 125% on Basic pay and Grade pay = 16875
Total salary = 13500+ 16875 + allowances = 30375 + allowances
New salary ( as per 7th Pay Commission) = 35400 + allowances
Net difference = 5025
Employees: TGT/PGT teacher, pharmacist, senior security inspector, senior superintendent

Existing Pay Band (15600-39100)

Basic pay = 15600
Grade pay = 5400
Total entry pay = 21000
Dearness allowance of 125% on Basic pay and Grade pay = 26250
Total salary = 21000+ 26250 + allowances = 47250 + allowances
New salary ( as per 7th Pay Commission) = 56100 + allowances
Net difference = 8850
Employees covered: Medical officer, Assistant registrar, manager, scientific officer, assistant professor, engineer

Existing Pay Band (37400-67000)

Basic pay = 37400
Grade pay = 8700
Total entry pay = 46100
Dearness allowance of 125% on Basic pay and Grade pay = 57625
Total salary = 46100 + 57625 + allowances = 103725 + allowances
New salary ( as per 7th Pay Commission) = 118500 + allowances
Net difference = 14775
Employees covered: Professor, director, associate professors

Note: The decision regarding implementation of revised allowances is still pending and the employee will keep drawing the existing allowances for now.

Source: Zeenews

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