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Expected DA from January 2015 - The Next Episode Begins...!


Expected DA from January 2015 - The Next Episode Begins...!

The Centre has announced a †hike of 7% Dearness Allowance and Dearness Relief for Central Government employees and Pensioners, with effect from July 2014 on 4th of this month. Soon, Finance Ministry will issue appropriate orders for payment of Dearness allowance to all.†As and when orders are published by the Ministry of Finance, we will be posted in our website immediately.

According to the fluctuation of price index past six months from Jan to Jun 2014, the additional Dearness allowance has been arrived as 7% only. It seems there are a few employees who are unhappy with the single-digit number because until then they have been getting double-digit DA hikes.

The disappointment also reflects the high expectations that people have from the Modi government. Our readers have been raising a number of questions in this regard. While the previous Manmohan Singh government had twice given them DA hike of 10%, why has Modi government given them only 7% increase?

Revision of Pay Scales of Running Staff and Nursing Cadre from proposed pay scales in Memorandum submitted to 7th Central Pay Commission

Corrigendum - Revision of Pay Scales of Running Staff and Nursing Cadre from proposed pay scales in Memorandum submitted to 7th Central Pay Commission.

All India Railwaymen's Federation 
4, State Entry Road, 
New Delhi - 110055 
INDIA
No.AIRF/405(VII CPC)
Dated: September 8, 2014

HonĂ­ble Chairman,
Seventh Central Pay Commission,
New Delhi

Respected Sir,
Sub: Corrigendum on the Proposed Pay Scales

This refers to detailed memorandum submitted by the All India Railwaymen's Federation to Seventh Central Pay†Commission on 30th July, 2014. Consequent upon certain internal deliberations, the proposed pay scales, as†contained in our original memorandum submitted to VII CPC, need to be revised as appended below:-

Revision of Computer Fund and VVN Contribution w.e.f. 1.4.2013

Kendriya Vidyalay Sangathan's clarification on revision of Computer Fund and VVN Contribution w.e.f. 1.4.2013: Computer fund Computer @ 150/- p.m. for Science/IP optee & 100/- for others

Kendriya Vidyalaya Sangathan
18, Institutional Area,
Shaheed Jeet Singh Marg
New Delhi 110016
F.110240/04/2013/KVS(Budget)/819
Dated: 28.08.2014
The Deputy Commissioner,
Kendriya Vidyalaya Sangathan
All Regional Offices.

Subject: Revision of Computer Fund and VVN Contribution w.e.f. 1.4.2013

Madam/Sir,

I am to refer to this office letter of even no. dated 19.3.2013 on the subject cited above wherein a revised fee structure applicable in KVS was circulated to all units for implementation.

Simplification of KYC Norms - Creating Public Awareness

Simplification of KYC Norms - Creating Public Awareness

Reserve Bank of India
Date: Sep 04, 2014
Simplification of KYC Norms - Creating Public Awareness
RBI/2014-15/209
DBOD. AML. No. 3356/14.01.001/2014-15
September 4, 2014
The Chairperson / Chief Executive Officers
All Scheduled Commercial Banks (Excluding RRBs)/ Local Area Banks /
All India Financial Institutions

Dear Madam/Sir,
Simplification of KYC Norms - Creating Public Awareness

The Reserve Bank of India, in the recent times, has been taking several measures to simplify KYC requirements to help the common man open bank accountsbank accountsbank accounts. It is, however, observed that despite such measures the general public is still facing problems in opening a bank account as these measures have not been given adequate publicity and the common man still lacks awareness on the basics of opening a bank account.


2. In order to address these issues, create public awareness and give wide publicity to these KYC simplification measures, Reserve Bank has issued a Press Release together with a poster and a booklet comprising a few common questions relating to Know Your Customer (KYC) norms for opening bank accountsbank accountsbank accounts. These are available on our website at http://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=31935.

3. In this regard, banks are also advised to initiate steps to create awareness and give wider publicity by circulating the poster and booklet amongst all their branches. Branches may be advised to make available the booklet to the customers/ general public and display the poster prominently in their premises. Progress made in this regard would be reviewed by Reserve Bank in due course.

4. Banks may ensure strict compliance of these instructions.

Yours faithfully,

(Lily Vadera)
Chief General Manager

Source: RBI

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7% DA from July 2014 – Prompt decision is worth appreciating..!

7% DA from July 2014 – Prompt decision is worth appreciating..!

The Centre has announced an additional 7% DA hike for the Central Government employees and Pensioners from July 2014.

Usually, agendas for central government employees’ DA hike are presented at the Cabinet meeting only on the third or fourth Thursdays of the month. There are times when these decisions were made during the last cabinet meeting of the season. Sometimes, these decisions are not made even during the last meeting and are taken up only during special meeting or at critical times.

On the 4th of this month, out of the blue, the Government announced a 7% DA hike. The cabinet’s announcement gives a positive conclusion to the relentless waiting of the past few weeks.

DA is calculated twice a year (from January to June, and from July to December) based on the changes in the Consumer Price Index (IW) BY 2001=100. The AICPIN numbers of the month are released by the Labour Bureau the following month.

In the month of August, the Labour Bureau sends the AICPIN data for the months of January to July, to the Finance Ministry. Based on the data, the Finance Ministry calculates the DA hike and the additional expense likely to be incurred, and presents the findings and reports towards the end of August to the Cabinet for its approval. The final decision is made in the month of September. This is the usual procedure.

Irrespective of the date of the Cabinet approval in the month of September, the DA hikes are calculated and given along with the salary for the month of September. Increase for the month of July and August are calculated and given as arrears to the employees and pensioners too.

Although 7% hike has been confirmed already, the prompt decision is worth appreciating!


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Instructions given by Dopt to all Secretaries regarding the filing returns of Assets and Liabilities

Instructions given by Dopt to all Secretaries regarding the filing returns of Assets and Liabilities by public servants under Lokpal Act – Time limit extended for filing of revised returns by all public servants from 15.9.2014 to 31.12.2014

Government of India
Department of Personnel & Training
Ministry of Personnel, Public Grievances and Pensions
North Block New Delhi 110001 
www.persmin.nic.in 
e-mail ID: adsecysv-dopt@nic.in
Bhaskar Khulbe
Additional Secretary
Tel: 23094010
Telefax : 23092580

D.O.No. 407/12/2014-AVD-lV(B)
Dated: 8th September, 2014
Dear Secretary,

Please refer to my D.O. letter of even No. dated 1st August, 2014 regarding furnishing of information relating to assets and liabilities by public servants under section 44 of the Lokpal and Lokayuktas Act, 2013.

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