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Unions rally against price rise, unemployment

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Unions rally against price rise, unemployment

UNITED STAND: CPI leader and AITUC general secretary Gurudas Dasgupta addresses a workers' rally on Parliament Street in New Delhi on Wednesday.

NEW DELHI: A “Workers' March to Parliament” in the Capital on Wednesday saw a heavy turnout of workers of various central trade unions protesting against price rise, unemployment, labour law violations and disinvestment.

The participating organisations included the Centre of Indian Trade Unions, the Indian National Trade Union Congress, the All-India Trade Union Congress (AITUC), the Hind Mazdoor Sabha, the All-India United Trade Union Centre (AIUTUC), the Trade Union Coordination Centre, the All-India Central Council of Trade Unions and the United Trade Union Congress. Addressing the gathering on Parliament Street, AITUC general secretary Gurudas Dasgupta said: “We have come here to ask the government to have a stronger labour policy, to stop disinvestment of public sector units and to address corruption and the issue of unemployment. This is the first time after Independence that the Left and non-Left trade unions have come together for the cause of the people.”

Communist Party of India (Marxist) leader Brinda Karat and Communist Party of India leader D. Raja were present.

The president of the Congress-affiliated INTUC, G. Sanjeeva Reddy, said the trade union was participating in the rally because of price rise and unemployment. “The situation is bad. Disinvestment in factories has thrown people out of jobs. We have raised our voice against the laws that are against labourers.” On increasing attacks by the government on the rights of the workers, AIUTUC president Krishna Chakraborty stressed the need to forge working class unity to exert pressure on the Centre to accept the demands put forward by the unions.

Speakers demanded universalisation of social security for unorganised workers. They accused the government of ignoring the needs of the working people and pursuing policies such as deregulation of petroleum prices leading to price rise.

Demands were raised for the prices of essential commodities to be contained through steps such as universal public distribution system and containing speculation in the commodity market.

Enforcement of basic labour laws, employment protection in recession-stricken sectors and creation of jobs by increasing pubic investment in infrastructure were also emphasised.

Representatives from the unions met Lok Sabha Speaker Meira Kumar and presented a memorandum of demands.

Source(Article & Photo): The Hindu

Performance-based incentive for Central Govt staff from next FY

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Performance-based incentive for Central Govt staff from next FY

Employees belonging to 62 of central government departments could may receive performance-based incentive, over and above their existing salaries, from as early as the next financial year. The incentive will be based on the department’s scorecard in meeting yearly targets committed by their respective secretaries and ministers as part of the results-framework documents (RFD) system.

The committee of secretaries looking into performance-based incentive for government employees is said to have already zeroed in on a formula that offers a secretary-level officer an incentive up to 40% of the basic salary, provided his department has met 100% RFD targets. A scorecard of 70% and less in meeting RFD targets would however attract zero incentive. However, no penalty will be imposed on the non-performing officers.

The secretaries’ panel, headed by the Cabinet secretary, has already completed three crucial meetings and is looking to finalise its recommendations in time to enable performance-linked salaries in the coming financial year.For a secretary-level officer, the incentive is proposed to be 15% of cost savings (budgeted expenditure minus actual expenditure) by the department multiplied by its composite score less 70, divided by 30.

The incentive will be higher with each passing year. In other words, secretary of a department that meets 100% RFD targets for a year would get 20% performance-based incentive in the first three years, 30% in the next three years and 40% between the sixth and ninth year. A 70% scorecard would however attract no incentive.

For a joint secretary, the incentive will be sum of 30% of departmental composite score and 70% of divisional composite score. Since the incentive will be paid from cost savings of the department resulting from improved performance, there will be no extra burden on the exchequer. The government, incidentally, is not in favour of penalising the non-performing officers.

The reasoning being that not getting any incentive, or absence of recognition, would be punishment enough for the under-performers. With the committee of secretaries also planning to lay down the condition that performance-linked incentive will accrue to only those departments that have submitted RFDs for two consecutive years, the key five departments of PMO , home, finance, defence, external affairs who are still not covered by the RFD system will not qualify for the incentive.

Source: Economic Times

Enhancement of Pension Under EPS, 1995

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Enhancement of Pension Under EPS, 1995

The Central Government constituted an Expert Committee for review of the Employees’ Pension Scheme, 1995. The Expert Committee considered the various demands of pensioners including enhancement of pension under the Employees’ Pension Scheme, 1995. The Expert Committee has submitted its report to the Central Government on 05.08.2010 and recommendations are presently under examination/consideration of the Central Board of Trustees of the Employees Provident Fund Organization.

This information was given by Shri Mallikarjun Kharge, Minister for Labour And Employment in a written reply to a question in the Rajya Sabha today.



Increase in Interest Rate on EPF

For the financial year 2010-2011, 9.5% rate of interest on EPF has been recommended by the Central Board of Trustees, Employees’ Provident Fund [CBT(EPF)] in the 190th meeting held on 15.09.2010 based on the funds available in the interest suspense account. The Ministry of Labour & Employment has forwarded the recommendation of CBT to the Ministry of Finance (Department of Financial Services) for approval.

This information was given by Shri Mallikarjun Kharge, Minister for Labour And Employment in a written reply to a question in the Rajya Sabha today.

Source: PIB


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