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Showing posts from September, 2014

Railway Board has announced 78 days PL Bonus. Rs. 8975/- to be disbursed

The railway board has issued order granting Productivity Linked Bonus (PLB) equivalent to 78 [Seventy Eight] days wages without any ceiling on wages for eligibility for the financial year 2013-14 to all eligible non-gazetted Railway employees. The wage for calculation will be ceiled to Rs. 3500 pm as per existing ......... Read the order here..........

Government to wind up 6 PSUs, revive another 5

The government may wind up at least six central public sector enterprises including the iconic watchmaker HMT that it believes are not capable of revival. Heavy industry minister Anant Geete on Thursday said that the government is preparing a roadmap  ......... Read more.........

60 days bonus declared for postal employees

Department of Posts has issued order for release of 60 days of Productivity linked bonus for the year 2013-14. This productivity Linked Bonus is payable to Group ‘D’ / MTS, Group ‘C’ and non-gazetted Group ‘B’. Read the details here

Revamped IT website launched

The income tax (I-T) department has revamped its web site which brings multiple services related to the IT under same site. Taxpayers so far had to go to different official websites of the I-T department for these matters. “An updated version of the website— www.incometaxindia.gov.in, will act as the ‘single window´ for all activities and online services offered by the I-T department.” ...... Read more.......

Fin Min issues OM on the grant of Non-Productivity Linked Bonus

The Ministry of Finance have issued the office memorandum granting the non-productivity linked bonus (Ad-hoc bonus) for the year 2012-13. The Central Government employees in Groups ‘C’ and ‘D’ and all non-gazetted employees in Group ‘B’, who are not covered by any Productivity Linked Bonus Scheme will be eligible for the ad-hoc bonus. The calculation ceiling for payment of ad-hoc Bonus under these orders shall continue to be monthly emoluments of Rs. 3500/- . ...... Read the order .......

Railway : Revision of pension of pre-2006 pensioners-reg.

A copy of Department of Pension and Penisoners' Welfare (DOP&PW)'s O.M. No. 38/37/08-P&PW(A) dated  26.08.2014 along with enclosures is enclosed for information and compliance.  These instructions shall apply in the case of petitioners (as contained in the enclosed list) only .  ........ Read more....

PF Portability Soon: How It Will Work

Soon, you will be able to change jobs without worrying about transferring the funds lying in your provident fund. Retirement fund body Employees Provident Fund Organisation (EPFO) expects to operationlise permanent or universal account numbers (UAN) to its over 4 crore subscribers by October 15 this year ........ Read more....

Central Excise Executive Officers Assn. to protest

With nothing left to be happy about in terms of career prospects, pay or any other service matter, superintendents of central excise, service tax and customs will gather before the residences of Joint Secretary (Administration) and Member (PandV) of the Central Board of Excise  ..... Read more.....

BPMS writes to PM & Labour Min demanding removal of ceiling of Rs. 3500/- for bonus

The Bharatiya Mazdoor Sangh have submitted a memorandum to the Prime Minister and the Minister of Labour & Employment, demanding the removal of ceiling of Rs. 3500/- under Bonus Act. It says Central Government employees are getting the bonus @ Rs. 3500/- per mensem under the Payment of Bonus Act, 1965 or Productivity Linked Bonus whereas none of them is drawing wages less than Rs. 7000/- per mensem excluding other allowances which has been causing discontentment amongst the employees.  Read the letter

7% DA hike approved by the cabinet

The Union Cabinet have approved the grant of 7 per cent additional Dearness Allowance (DA) to Central Government employees. It also approved Dearness Relief (DR) for pensioners. Both DA and DR will become effective from July 1, 2014. With this the DA and DR ... Read more......

Government notifies new pension rules to check delays

In a step aimed at checking harassment of government employees in grant of pension, a head of office will now be responsible for any failure to ascertain non-qualifying service period and will undertake preparation of paper work one year before an employee is due to retire . .... Read more....

Govt. moves for DA hike to 107%. Unions press for merger

Government is likely to approve a hike in dearness allowance (DA) by 7% to 107% this month. The pensioners will also gain as the benefit provided to them as dearness relief will be hiked to 107 per cent of basic pay. This will benefit around 30 lakh Centre's employees and its 50 lakh pensioners including dependents. The revised Consumer Price Index-Industrial Workers data for J .... read more...