Tuesday 8 September 2015

7th Pay Commission on its way! All you need to know about pay commissions

New Delhi, Sept 7: All the Central Government employees will soon get a big gift as Centre is planning to implement the seventh pay commission’s recommendations from January, 2016. Recently Modi Government gave extension to the committee which was formed to fine tune the different aspects of pay commission. Seventh pay commission It was formed by previous UPA Government.

  • The commission, headed by Justice A K Mathur was formed in February 2014.

  • The other members of the commission are Vivek Rae, a retired IAS officer of 1978 batch, and Rathin Roy, an economist. Meena Agarwal is Secretary of the Commission.

  • The committee’s recommendations are scheduled to take effect from 1 January, 2016.

  • The government constitutes the Pay Commission almost every 10 years to revise the pay scale of its employees and often these are adopted by states after some modifications.

  • Nearly 48 lakh central government employees and 55 lakh pensioners will be befitted by the pay commission.


What will be the basic salary?

  • It is being said that all government employees will get around 15-16 per cent hike after it comes into effect
  • Reportedly, employees’ minimum basic salary will be increased to Rs 15, 000
  • In last pay commission(6th), the minimum basic salary was increased to Rs 7730 from Rs 3050.
  • Experts are having views that employees of lower rank will be benefited the most from the seventh pay commission

Financial burden

  • Seventh pay commission will definitely bring a toll on the exchequer
  • The reason being Government has to manage OROP’s expenditures too.
  • Experts say that Central government’s salary bill will rise by 9.56% to Rs 1,00,619 crore after Seventh pay commission will come into effect
  • According to Mint report, as a result of the recommendations of the Sixth Pay Commission, pay and allowances of Union government employees became more than doubled between 2007-08 and 2011-1-from Rs.74,647 crore to Rs.166,792 crore


Past pay commissions and the basic salary

  • First pay commission came in year 1946 and the basic salary at that time was decided to be of Rs 35

  • Second pay commission came in year 1959 and basic salary was of Rs 80

  • In 1973, third pay commission came into effect which decided the basic salary of Rs 260

  • Fourth pay commission came in year 1986 which recommend basic salary of Rs 960

  • In year 1995, fifth pay commission came, recommending basic salary of Rs 3050

  • Sixth pay commission came into effect in year 2006. UPA Government at that time fixed minimum basic salary of Rs 7730


Read athttp://www.oneindia.com/feature/seventh-pay-commission-salary-hike-govt-employees-know-all-about-pay-commissions-1861371.html

Monday 7 September 2015

700 MODEL QUESTIONS FOR PS GP B , IPO & PM GRADE I EXAM (PAPER I)

MODEL QUESTIONS FOR PS GP B , IPO & PM GRADE I EXAM ( PAPER I )

1.    Post office Guide Part I and Part II (271Qns)   View / Download
2.    Postal Manual Vol V (203 Qns)  View / Download
3.    Postal Manual Vol VI Part I, II, III (224 Qns)  View / Download

( Thanks to mr. AB Kantharaja for this valuable preparations
 Mobile 08969822340,http://abkantharaja.blogspot.in)
Source:  SAPOST

SEARCH YOUR VEHICLE DETAILS Govt Of Karnataka Dept Of Transport

 HELP:- The vehicle details can be searched by giving Registration No/Chassis No/Engine No. To search Vehicle              details using Registration number enter the registration number in this format.                                                             Example:KA01A in the first box and 4 digit vehicle number(9999,0002) in the second box. Just click on Vehicle search...



                                 VEHICLE SEARCH


SOURCE:  Govt of Karnataka ಸಾರಿಗೆ ಇಲಾಖೆ.



BSNL Upgrades the speed of all Landline Broadband customers from 512 kbps to minimum 2 Mbps

Committed to the Government’s Digital initiatives announced by Hon.ble PM, BSNL has decided to upgrade Broadband speed to minimum 2 Mbps at no additional cost for all the Broadband customers on PAN-India Basis from 1st October 2015.   This is another major service offering from BSNL for the benefits of customers in continuation to offering free night calling from BSNL landline  to all operator network from 9:00 PM to 7:00 AM and free incoming roaming services for its mobile customers. BSNL is also offering 1Gb free E-Mail box to their customers from 50 Mb mail box.

Shri Ravi Shankar Prasad Hon’ble MOC &IT, GOI announced this today here at Gurgaon in a function organized by BSNL. The function was graced by Shri Rao Inderjeet Singh Hon’ble MOS for Planning & MOS for Defence (Independent charge) GOI. Shri Anupam Srivastav CMD BSNL, Shri N K Gupta Director (CFA), Smt Sujata Ray Director (HR) BSNL Board and Shri R C Arya CGM Haryana circle were also present on the occasion.

The speed up-gradation will benefit all the existing and new Broadband customers of BSNL. Under this scheme, BSNL is upgrading the speed of existing Broadband plans of 512 Kbps & 1 Mbps to 2 Mbps speed. With this upgradation, BSNL customers can access / surf the internet including social network websites like Facebook, Google, Twitter, etc. at high speed.

BSNL is the first service provider to provide the Broadband Access to the country. BSNL launched the Broadband   services over its landline in India in 2005 with speed of 256kbps and above over the state of art Multi Protocol Label Switching (MPLS) based IP infrastructure in urban as well as Rural areas.

BSNL since then is constantly working for increasing the broadband speed for the enhanced experience of customer in urban as well as rural areas as envisaged in New Telecom Policy 2012.. Now, BSNL offers Broadband services with various plans ranging from 2 mbps to 100 mbps speed using ADSL/VDSL and fiber based GPON technology in a very affordable price range. BSNL is currently having around 10 Mn Broadband customers including about 1.1 Mn. Rural customers.

This up-gradation shall enhance customer experience while surfing on internet and enjoying live video streaming by all customers even in the low price range. This scheme is expected to attract new customers for subscribing BSNL Broadband customers in an affordable manner.

BSNL is one of the largest Telecom Service providers in India. BSNL has installed Quality Telecom Network in the country & focusing on improving it, expanding the network, introducing new telecom services with ICT applications. BSNL is having more than 77 Million Mobile customers, more than 16 million wired line telephone connections and around 10 million wired Broadband connections.

For further information, customers can access the BSNL Customer Care Service through Toll free number 1500 (from BSNL number) & 1800 345 1500 (from other operator number) or visit the BSNL website www.bsnl.co.in.

Source:http://www.pib.nic.in/newsite/erelease.aspx?relid=0

ಸಮಾಜ ಮುಖಿ ಗಣಪ ಈ ಬಾರಿ ನಮ್ಮ ಸಂಕಲ್ಪವಾಗಿರಲಿ...!

Source : Yuva Brigade

Master Guide for all Postal Dept Exams ( IPOs exam / PM Gr I / LGOs / PS Gr B )

Master Guide for all Postal Dept Exams (  IPOs exam / PM Gr I  / LGOs / PS Gr B )
http://sapost.blogspot.in/

  

  • Master guide for IPOs exam.(2014-15) Rs 1300/- 
  • Master guide for PM Gr I (2014-15) Rs 1200/- 
  • Master guide for LGOs (2014-15) Rs 450/-
  • Hand book for IPOs. 2012 edition-Rs 800/- 
  • Master guide for PS Gr B (2015-16) Rs 1250/- ( Master guide will be released by 15 th July 2015). 

All books are published by Nellikkal Publisher, Sidhasamajam PO, Vadakara -673104 Dist, Kozhikode, Kerala.

Books are also available in the following address;


1) BOOK CENTRE, 32, Payappa Garden Street, Queens Road Cross, Shivaji Nagar, BANGALORE- 560051
PHONE: (080) 41464152 & 22862152, email: swamybookcentre@gmail.com
VISIT : http://bookcentrebangalore.blogspot.in

2) Kairali Book syndicate, 251 Baba Faridpuri West Patel nagar New Delhi 110008 ( Mobile: 09868790657.)

3) R.K.Traders Computer service and Sale of Publications, Aniyartholu - PO, Kattapana - 685 515. (Phone 04868-270707)


NB: Those who need guides may send SMS to 09947414885 or  email to vkbk_ani@yahoo.com.  also they can contact the above addresses;

Address :

V.K. Balan
Retired SSPOs
Nellikal House, Anniyartholu PO
Kattappana South, Idukki 685515
Phone : 04868-270707 & 09947414885

Books for Postal / Departmental Examinations

POSTMASTER GRADE I Examination books from
Shri. P.Karunanithy,
Retired Superintendent of Post Offices



Click the below link

Books for IPO Examination






To get the books by Registered Post, please remit Rs. 800/- Eight hundred only by Money Order to the following address:

JEEVAJEGAN PUBLICATIONS,
No.5, MOOVENDAR NAGAR EAST,
MADURAI RESERVE LINES PO,
Madurai 625014.

Note:
 Please write the particulars of books required and your cell number in Money order coupon without fail.

मूल वेतन 15 हजार, सेवाकाल 33 साल, वेतन वृद्धि को 15-20 फीसदी तय कर सकता है 7वां वेतन आयोग

न्यूनतम मूल वेतन 15 हजार, अधिकतम सेवाकाल 33 साल, औसत वेतन वृद्धि को 15-20 फीसदी  तय कर सकता है 7वां वेतन आयोग
minimum+wages+retirement+age+expected+pay+in+7th+cp

मूल वेतन 15 हजार तय कर सकता है 7वां वेतन आयोग: हिन्दुस्तान



नई दिल्ली, मदन जैड़ा | केंद्र सरकार के कार्मिकों को सातवें वेतन आयोग से बड़ा तोहफा मिलने की संभावना नहीं है। सूत्रों की मानें तो वेतन में औसत बढ़ोत्तरी 15-20 फीसदी के बीच रहने की संभावना है। जबकि अच्छी खबर यह है कि न्यूनतम मूल वेतन को बढ़ाकर 15 हजार किए जाने के आसार हैं। वेतन आयोग केंद्रीय कर्मियों का अधिकतम कार्यकाल 33 साल तय कर सकता है। यह कार्मिकों के लिए घाटे का सौदा हो सकता है।

उच्च पदस्थ सूत्रों के अनुसार वेतन आयोग ने विभिन्न पक्षों से विचार-विमर्श की प्रक्रिया पूरी कर ली है तथा अब अपनी सिफारिशों को अंतिम रूप देने में जुटा है। अगले दो महीनों के भीतर आयोग अपनी रिपोर्ट सरकार को सौंप देगा। हिन्दुस्तान को तीन मुद्दों पर विश्वस्त सूचना मिली है जिन पर वेतन आयोग करीब-करीब अपनी राय तैयार कर चुका है।

औसत वेतन वृद्धि को 15-20 फीसदी के बीच 
वेतन आयोग का पहला प्रयास यह है कि औसत वेतन वृद्धि को 15-20 फीसदी के बीच ही सीमित रखा जाए। यदि छठे वेतन आयोग को देखें तो औसत वेतन वृद्धि 60-70 फीसदी तक हुई थी। लेकिन सातवें वेतन आयोग का मानना है कि छठे वेतन आयोग की सिफारिशों से मिली शानदार बढ़ोत्तरी के बाद अब इसमें उसकी प्रकार की बढ़ोत्तरी किए जाने की गुंजाइश नहीं है।

अधिकतम सेवाकाल 33 साल
दूसरे, वेतन अयोग एक महत्वपूर्ण सिफारिश यह करने जा रहा है कि सरकारी कार्मिकों का अधिकतम सेवाकाल 33 साल निर्धारित किया जाए। मतलब यदि कोई कार्मिक 20 साल में सरकारी नौकरी पा जाता है तो वह 53 साल में सेवानिवृत्त हो जाएगा। बाकी लोगों के लिए सेवानिवृत्ति की आयु 60 साल ही रहेगी। हालांकि वेतन आयोग को दिए ज्यादातर ज्ञापन में सेवानिवृत्ति की आयु बढ़ाने की मांग की गई है। कार्मिक चाहते हैं कि सेवानिवृत्ति की आयु 62 साल हो।

न्यूनतम मूल वेतन 15 हजार रुपये 
सूत्रों के अनुसार तीसरा मुद्दा न्यूनतम मूल वेतन 15 हजार रुपये किए जाने की संभावना है। पिछले वेतन आयोग ने इसे 3050 से बढ़ाकर 7730 किया था। अब इसे 15 हजार रुपये किए जाने की संभावना है। इस हिसाब से छोटे कार्मिकों को वेतन आयोग की सिफारिशों से ज्यादा फायदा होने की उम्मीद है।

मूल वेतन का सफर
journey+basic+pay

1946 में पहला वेतन आयोग ने मूल वेतन 35 रुपये तय किया था।
1959 दूसरा वेतन आयोग ने 80 रुपये।
1973 तीसरा वेतन आयोग-260
1986 चौथा वेतन आयोग-950
1996 पांचवा वेतन आयोग-3050
2006 छठा वेतन आयोग-7730

Read at : Hindustan

Seventh Pay Commission is no ogre: T.T. Ram Mohan

Seventh Pay Commission is no ogre: T.T. Ram Mohan

The report of the Seventh Pay Commission (SPC) is set to be released soon. The new pay scales will be applicable to Central government employees with effect from January 2016. Many commentators ask whether we need periodic Pay Commissions that hand out wage increases across the board. They agonise over the havoc that will be wrought on government finances. They want the workforce to be downsized. They would like pay increases to be linked to productivity. These propositions deserve careful scrutiny. The reality is more nuanced.

Critics say we don’t need a Pay Commission every ten years because salaries in government are indexed to inflation. At the lower levels, pay in the government is higher than in the private sector. These criticisms overlook the fact that, at the top-level or what is called the ‘A Grade’, the government competes for the same pool of manpower as the private sector. So do public sector companies and public institutions — banks, public sector enterprises, Indian Institutes of Technology (IITs), Indian Institutes of Management (IIMs) and regulatory bodies — where pay levels are derived from pay in government. 


The annual increment in the Central government is 3 per cent. Adding dearness allowance increases of around 5 per cent, we get an annual revision of 8 per cent. This is not good enough, because pay at the top in the private sector has increased exponentially in the post-liberalisation period.

Competition for talent

A correct comparison should, of course, be done on the basis of cost to the organisation. We need to add the market value of perquisites to salaries and compare them with packages in the private sector. We cannot and should not aim for parity with the private sector. We may settle for a certain fraction of pay but that fraction must be applied periodically if the public sector is not to lose out in the competition for talent.

True, pay scales at the lower levels of government are higher than those in the private sector. But that is unavoidable given the norm that the ratio of the minimum to maximum pay in government must be within an acceptable band. (The Sixth Pay Commission had set the ratio at 1:12). Higher pay at lower levels of government also reflects shortcomings in the private sector, such as hiring of contract labour and the lack of unionisation. They are not necessarily part of the ‘problem with government’. 

 Perhaps the strongest criticism of Pay Commission awards is that they play havoc with government finances. At the aggregate level, these concerns are somewhat exaggerated. Pay Commission awards typically tend to disrupt government finances for a couple of years. Thereafter, their impact is digested by the economy. Thus, pay, allowances and pension in Central government climbed from 1.9 per cent of GDP in 2001-02 to 2.3 per cent in 2009-10, following the award of the Sixth Pay Commission. By 2012-13, however, they had declined to 1.8 per cent of GDP.

This happened despite the fact that the government chose to make revisions in pay higher than those recommended by the Sixth Pay Commission.

Today, Central government pay and allowances amount to 1 per cent of GDP. State wages amount to another 4 per cent, making for a total of 5 per cent of GDP. The medium-term expenditure framework recently presented to Parliament looks at an increase in pay of 16 per cent for 2016-17 consequent to the Seventh Pay Commission award. That would amount to an increase of 0.8 per cent of GDP. This is a one-off impact. A more correct way to represent it would be to amortise it over, say, five years. Then, the annual impact on wages would be 0.16 per cent of GDP.

The medium-term fiscal policy statement presented along with the last budget indicates that pensions in 2016-17 would remain at the same level as in 2015-16, namely, 0.7 per cent of GDP. Thus, the cumulative impact of any award is hardly something that should give us insomnia.
7th+cpc+is+no+ogre

There are a couple of riders to this. First, the government is committed to One Rank, One Pension for the armed forces. This would impose an as yet undefined burden on Central government finances. Second, while the aggregate macroeconomic impact may be bearable, the impact on particular States tends to be destabilising.

The Fourteenth Finance Commission (FFC) estimated that the share of pay and allowances in revenue expenditure of the States varied from 29 per cent to 79 per cent in 2012-13. The corresponding share at the Centre was only 13 per cent. The problem arises because since the time of the Fifth Pay Commission, there has been a trend towards convergence in pay scales. The FFC, therefore, recommended that the Centre should consult the States in drawing up a policy on government wages.

Downsizing needed?

It is often argued that periodic pay revisions would be alright if only the government could bring itself to downsize its workforce — by at least 10 to 15 per cent. From 2013 to 2016, the Central government workforce (excluding defence forces) is estimated to grow from 33.1 lakh to 35.5 lakh. Of the increase of 2.4 lakh, the police alone would account for an increase of 1.2 lakh or 50 per cent. What is required is not so much downsizing as right-sizing — we need more doctors, engineers and teachers.

Downsizing of a sort has happened. The Sixth Pay Commission estimated that the share of pay, allowances and pension of the Central government in revenue receipts came down from 38 per cent in 1998-99 to an average of 24 per cent in 2005-07. Based on the budget figures for 2015-16, this share appears to have declined further to 21 per cent. In financial terms, this amounts to a reduction of 17 percentage points over 17 years or an annual downsizing of 1 per cent. It’s a different matter that it is not downsizing through reduction in numbers of personnel.

It is often said that pay increases in government must be linked to productivity. We are told that this is where government and the private sector differ hugely. However, the notion that private sector pay is always linked to productivity is a myth. In his best-selling book, Capital in the 21st Century, economist Thomas Piketty argues that the explosion in CEO pay in the West has been increasingly divorced from performance. He also argues that the emergence of highly paid “supermanagers” is an important factor driving inequality in the West.

We are seeing a similar phenomenon in the private sector in India. The serious public policy challenge, therefore, is not so much to contain a rise in pay in the public sector as finding ways to rein in pay in the private sector. It is also ironical that people should harp on linking pay to performance in the public sector when high-profile firms in the private sector such as Google and Accenture are turning away from such measurement.

A better idea would be to conduct periodic management audits of government departments on parameters such as cost effectiveness, timeliness and customer satisfaction.

Improving service delivery in government is the key issue. Periodic pay revision and higher pay at lower levels of government relative to the private sector could help this cause provided these are accompanied by other initiatives. The macroeconomic impact is nowhere as severe as it is made out to be. (T.T. Ram Mohan is professor at IIM, Ahmedabad)

Read at: The Hindu

Earmarking of reservation quota for women and senior citizens: Railway Board Commercial Circular No. 51/2015

Earmarking of reservation quota for women and senior citizens: Railway Board Commercial Circular No. 51/2015

GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)

2012/TG-I/20/P/Lower Berth 
New Delhi, dated 31 08.2015

The Chief Commercial Managers,
All Zonal Railways.

COMMERCIAL CIRCULAR No.51 OF 2015

Sub: Earmarking of reservation quota for women and senior citizens.


With a view to facilitate  senior citizens and female passengers, when travelling alone, a combined reservation quota of two lower berths per coach was earmarked in Sleeper, 3AC and 2AC classes for Senior Citizens, female passenger's above the age of 45 and pregnant women vide Commercial Circular No. 40 of 2007 dated 18.04.2007.

1.1 These instructions were slightly modified vide Commercial Circular No. 15 of 2015 dated 13.03.2015, wherein the quota of 2 lower berths per coach in Sleeper class was enhanced to 4 lower berths per coach.

1.2 Complaints/suggestions were being received from time to time for allowing two senior citizens/female passengers to book berths under this quota. This was not being allowed as there was possibility of splitting the party in two different coaches in case some berths in a coach under this quota have already been booked.

2. The matter has been reviewed and it has been decided that the facility of booking tickets under senior citizen quota may be provided where in a single application, two passengers are in a combination of senior citizens/female passengers above the age of 45/pregnant women. Passengers not falling in the category of passengers eligible to book ticket under Senior Citizen Quota will not be allowed to book tickets in combination with other passenger who is eligible for this quota.

2.1 CRIS will make necessary modifications in the software w.e.f. 1st January 2016 and advise the date of effect to all Zonal Railways as well as this office. The passengers are required to be suitably informed that in such cases, the party may get split. in two different coaches. For this purpose following actions" are required to be taken:

i. For online booking , IRCTC will make a provision that whenever two passengers are being booked in Senior Citizen Quota, a popup message should come that the passengers may get split in two coaches and if they want to proceed they should type "Yes".

ii. CRIS will also examine the feasibility of giving a popup message on the screen of PRS terminal and the reservation Clerk will be required to indicate ‘Yes’ after informing the passenger / his representative booking the ticket.

iii. Zonal Railways will also give Wide publicity through all possible means including displaying of information in PRS centers to educate passengers on this account.

3. Necessary instructions may be issued to all concerned.

sd/-
(Vikram Singh)
Director Passenger Marketing
Railway Board



railway+board+commercial+circular+51+page1

railway+board+commercial+circular+51+page2


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Review of Payment Functions: Instructions by CGA Vigilance after special audit of Ministries/Deptt.

Review of Payment Functions: Instructions by CGA Vigilance after special audit of Ministries/Deptt

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CONTROLLER GENERAL OF ACCOUNTS
(Vigilance Section)
7th F1oor, Lok Nayak Bhawan
Khan Market, New Delhi-110511
Dated: 26th August 2015

OFFICE MEMORANDUM
SUBJECT: REVIEW OF PAYMENT FUNCTIONS
The Special audits recently conducted in select Ministries/Departments have observed serious financial irregularities stemming out of deviations from laid down rules and regulations. This has been viewed seriously by Controller General of Accounts and the following stipulations are reiterated for strict compliance by all the field formations:
  1. No Cheques are to be issued for amount exceeding Rs. 25,000/- as per the guidelines issued by this office. E-payments may be made to all Parties/Vendors/Contractors as per this office OM’s issued from time to time. 
  2. Existing financial powers delegated by PCCA/CCA/CA may be reviewed and delegations may not be done except for Medical Bills, GPF, leave, TA/LTC etc.
  3. Any enhanced delegation of Financial Power's over and above what is enumerated in DFPR requires approval of IFD which must be strictly kept in view (Refer OM No. 1/7/E.II (A)/2008 dated 30th May, 2008 issued by Ministry of Finance, Department of Expenditure, EII(A) Branch).
  4. Provisions relating to (procurement of goods, and services should not be invoked for execution of works. Provisions contained in ‘Works’ Chapter of GFR must be strictly followed. 
  5. Tendering process must be meticulously observed as laid down in GFR, Government of India and guidelines issued by Department of Expenditure and Central Vigilance Commission from time to time. Open tenders to be called for works costing Rupees Five Lakhs to Rupees Ten Lakhs - Rule 123 to 134 of GFR, 2005 may be strictly complied with.
  6. Outsourcing/hiring of manpower not to be done without specific approval of IFD. The various provisions as laid down in Rule l78 to 185 of GFR, 2005 relating to the same must be strictly adhered to.
  7. Misclassification/diversion of funds should be strictly avoided.
  8. Rules and procedures regarding Hiring of Vehicles should he followed and a specific approval of IFD should be obtained wherever required before incurring the expenditure.
  9. Commence e-procurement through Central Public Procurement (CPP) in respect of all procurements with estimated value of Rs. 10 lakhs or above (Refer OM No. 10/3/2012-PPC dated 3rd September, 2012 issued by M/o Finance, Department of Expenditure, Procurement Policy Division)
  10. For purpose of approval. and sanctions, a group of works which forms one project, shall be considered as one work, The necessity for obtaining approval of sanction of higher authority to a project which consists of such a group of'work should not be avoided because of the fact that the cost of each particular work in the project is within the powers of such approval or sanction of a lower authority - Rule 130 of GFR, 2005.
  11. Control of Expenditure against Budget and Monthly reconciliation of the figures given in the accounts maintained by the Head of the Department with those appearing in the Accounts Officer’s books - Rule 52 to Rule 64 of GFR, 2005.
  12. Payments for services rendered or supplies made should be released only after the services have been rendered or supplies made - Rule 159 of GFR, 2005.
  13. Adherence of Standards of Financial Propriety - Rule 21 of GFR, 2005.
The performance of internal audit wing - in all the offices needs improvement. An internal audit of all he PAO’s under the control of respective Pr.CCAs/CCAs/CAs may be carried out in the current year itself in respect of expenditures booked in the last three preceding financial years, if not already done. Report on the findings/irregularities, if any, may be submitted to IAD wing of this office latest by 31st December, 2015

This issues With the approval of the Controller General of Accounts.

sd/-
(Alok Ranjan)
Jt. Controller General of Accounts.(Vig.)

Source: http://cga.nic.in/writereaddata/Vigilance27082015.pdf

Fiscal impact of 7th Pay Commission under watch: DBS

Bulk of the impact of Seventh Pay Commission, under which salaries of government employees will be reviewed, is likely to be absorbed by the Budget of the next financial year, 2016-17, says a DBS report.

The global financial services major said pay/allowances could rise by 16 per cent following the rollout of the Seventh Pay Commission.

“If adopted, bulk of the impact (of the Seventh Pay Commission) will be absorbed by the FY16/17 Budget,” the DBS report said adding that “historically, the pay commission’s rollout has been negative for fiscal balances.”

As per DBS, the increase in bonus payments and pay/ allowances would cumulatively imply a first-round increase in spending to the tune of 0.2-0.3 per cent of GDP in FY16/17, “putting deficit targets at risk”.

“These higher spending needs will require the government to either re-channel fiscal savings, restrain spending elsewhere or renege on the fiscal deficit targets,” it added.

The Seventh Pay Commission, set up by the government to revise remuneration of about 48 lakh central government employees and 55 lakh pensioners, will submit its report by December 31.
DBS said that the full impact would get clearer when the pay commission tables its recommendations later this year.

The recommendations of the Seventh Pay Commission are scheduled to come into effect from January 1, 2016.

The previous Sixth Pay Commission was rolled out in the third quarter of 2008, at a time when the economy was reeling under the impact of the global financial crisis.

“Implementation of the revised salaries/ pensions (plus arrears), along with farm loan waivers and other stimulus measures saw the fiscal deficit balloon from -2.5 per cent of GDP in FY07/08 to -6.0 per cent in FY08/09 and stay high for another year before easing off,” the report added.

The government constitutes the Pay Commission almost every 10 years to revise the pay scale of its employees and often these are adopted by states after some modifications.
First Published on September 04, 2015 5:40 pm

Source:http://www.financialexpress.com/article/economy/fiscal-impact-of-7th-pay-commission-under-watch-dbs/130586/

Sunday 6 September 2015

SB order 10- regarding Jansuraksha schemes in CBS POs

The undersigned is directed to refer to D.O Letter of even number dated 28.07.2015 from Member(Banking & HRD) on the above subject and Video Conference held on 03.09.2015 from Dak Bhawan. SOP and PPT on both schemes including enrollment forms have already been sent through eMail

It is further informed that software solution for accepting premium under both the schemes is being deployed in Finacle Application and will be available on 7th September 2015 morning in all CBS SOs/HOs.



Grant of payments banks licence arbitrary, says Subramanian Swamy

NEW DELHI: BJP leader Subramanian Swamy today termed RBI's decision to grant in-principle approval to 11 entities for payments banks as "arbitrary and malicious". 

"These were chosen from 41 applicants who wanted to start Payment systems. The manner in which 11 Payments Banks were shortlisted is inconsistent with the rule of law. It is not clear how the RBI came to the number of 11 payments banks, or why licences were denied to the others... 

"The arbitrary and malicious decision (of RBI) appears to be a big scam...," Swamy said in a 
statement. 

From the very outset, he said, it is not clear why RBI chose to use the Banking Regulation Act, 1949, to licence Payments Banks when Parliament has made separate law for governing payments systems under the Payments and Settlement Systems Act, 2007. 

Although the RBI stated that the 11 entities were chosen by an external evaluation committee, Swamy said "without casting any aspersions on the members of the committee, this is, sadly, not a due process of law". 

"There is no explanation on how the committee evaluated each criterion... ," he said, adding RBI did not provide for review or appeal by rejected applicants. "This is also a violation of the rule of law". 

He further said that there would have been no problem had the RBI granted 30 payments banks licences instead of 11. "It would have promoted more competition and reduced costs to consumers". ..

Payments Banks are allowed to collect deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds. Besides, they can issue ATM/debit cards, but not credit cards.

Trade unions eyed Rs 15,000 per month minimum wage as national baseline

Trade unions eyed Rs 15,000 per month minimum wage as national baseline

One of the key issues on which the negotiations between the government and the 10 central trade unions that had called for a general strike on Wednesday broke down was that of minimum wages. A labour ministry document circulated amongst the trade unions days before the strike, argued that by current norms, prices and calorific needs, Rs.6330 per month is the monthly wage adequate for an unskilled worker with a wife and two small children.

The trade unions and various other federations that represent 15 cr workers had demanded Rs.15,000 per month minimum wage as a national level floor wage. Striking a generous posture, the government modestly increased its proposal to Rs.7098 per month.

What the government had proposed was less than half of what was demanded. This was one of the contributory factors to the breakdown of negotiations. Other demands of the workers included social security coverage, non-interference with existing labour laws, etc.

How did the government calculate their proposal? A look at the fine print shows a slew of gross under-estimations and the use of an archaic formula first spelled out way back in 1957. Some of the food items' prices are far from reality. For instance dal is costed at Rs.65 but only one of the various dals in the market - chana or gram dal - comes in this range. Arhar (tur) is Rs.135 per kg, urad is Rs.117.5, masur is Rs.95. All these current retail prices are from the consumer affairs ministry's price monitoring data spanning 81 cities and towns.
minimum+wages+calculation+by+govt

Mutton is priced at a bizarre Rs.80 per kg, although it doesn't really matter because only 50 g is allowed. This is convertible to 250 grams of vegetables which are priced at an imaginary Rs.16 per kg. In the real world mutton is selling at anywhere between Rs.300 to Rs.400 per kg. And rarely if any vegetable sells at Rs.16 per kg.

But the real rub comes in the non-food items. Just Rs.390 is supposed to be spent on rent every month. And, fuel for cooking and utilities like electricity etc. are all supposed to be covered under a meagre Rs.780.

All education, medical expenses, marriages, care of elderly, recreation etc. is lumped together and costed at 25 percent of the food expenditure. This practice started after the Supreme Court in a landmark judgement in 1991 directed as much saying that if such a minimum wage cannot be guaranteed then the managements have no right to run their business. But even this works out to a mere Rs.980 per month.

Costs of education and healthcare have risen tremendously in the past several years and even one major episode of sickness in the family would be devastating. The government's wage calculation seems to be blissfully unaware of this.
trade+union+demand+govt+proposal

Recent government data shows that real wages, that is, after adjusting for inflation are dipping while the share of wages to profits is also dipping in the organized sector. In the unorganized sector which employs over 90 percent of India's workforce, wages are abysmally low and conditions of work onerous. Small wonder then that the trade unions were unwilling to accept the government's proposals. 

Read at Times of India