இனிய ரமலான் வாழ்த்துக்கள்

அனைத்து தோழர்களுக்கும் இனிய ரமலான் வாழ்த்துக்கள்


புனித ரமலான் மாதத்தில் நம் அனைவரின் அமல்கள் சிறக்கவும்,இறை நெருக்கமும்,இறைப் பொருத்தமும் ஓங்கவும் துஆ  செய்கிறோம்.

No fine till 3 days after card due date

RBI has said that banks should also report delayed payment to credit information companies like Cibil only when a credit card account remains 'past due' for more than three days.

MUMBAI: Reserve Bank of India has said that henceforthbanks can levy a penalty on a credit cardholder only if they fail to receive payment for three days after the due date. The directive will benefit those whose payment or transfer gets delayed due to a bank holiday or for any other reason. 

Besides not charging penalty, RBI has said that banks should also report delayed payment to credit information companies like Cibil only when a credit card account remains 'past due' for more than three days. At present all banks state that late payment charges are applied if payment is not made by due date. The late payment charges vary between Rs 100 to Rs 700 depending on the total payment due. 

Although earlier RBI had issued a directive stating that the next statement date should be the reference date for computing penalties and reporting defaults to credit bureaus banks have continued to use the due date for imposing late fee. 

NC JCM STAFF SIDE SUGGESTION ON HOUSE RENT ALLOWANCE TO 7 th Pay commission(7 cpc)

National Council JCM Staff Side given suggestion on House Rent Allowance for Central Government employees as under…

House Rent allowance.

 The present scheme of HRA is based on the recommendation of the 6th CPC, which is as follows:                                                                                                                                   

Population criteria	Classification	Rate as a% pay+Grade pay+MSP+NPA
50 lakhs and above	X	30%
5 to 50 lakhs	Y	20%
Below 5 lakhs	Z	10%

HRA suggestion by NC JCM

Government should take houses on long lease and make residential accommodation available to its employees on payment of 10% of their pay.

We reproduce hereunder the recommendation made by the third Central Pay Commission in the matter of grant of house rent allowance. (Para 29 Part I. Vol. IV.Chapter 56), which would be the best if implemented even today. While we find it difficult to accept the kind of parity suggested above, we are aware of the acute problem caused by the lack of adequate government housing and by the inadequate government housing and by the inadequacy of the existing rates of house rent allowance and recommend as follows:-

(ii) Government should lay down appropriate house rent allowance rates in different cities and towns based not on population criteria, but on an actual assessment of the prevailing levels of rent in different cities and towns. Alternatively, certain notional rents for different types of accommodation meant for officers and personnel of specified pay groups should be laid down for particular cities after studying the actual conditions in that city. The difference between the actual rent paid and 10% of pay should be reimbursed subject to a maximum of the difference between the notional rent and 10% of the pay. The existing norms in regard to entitlement of accommodation, size of rooms etc. could, if necessary, be reduced depending on the housing situation and the norms usually adopted by different income groups in renting accommodation in the various cities. Such notional rents should, to start with, be applied to all stations falling under the description of classified cities for purposes of House Rent Allowance, Additions could also be made to the list later on by including other cities deserving similar treatment.

(iii) Till the Government is able to make arrangements recommended in the preceding sub-paragraphs, the rates of HRA should be as follows:-

Class of city-Town	Rate of HRA
1 A,BI and B2	15% pay subject to amaximum amont of 400as house rent allowance
2 C Class	7 1/2% pay subject to a maximum amount of Rs 200as house rent allowance

The rates prescribed by the 6th CPC, though an improvement over its predecessor Commission, it has not improved the situation. The real estate value throughout the country has skyrocketed and owning an accommodation within the city/Municipal limit has become impossible for Government employees. There is not a single town/village where the real estate boom has remained unaffected. The phenomenal increase in the value of land has naturally impacted the rent, one is to pay on leasing house/flat. The house rent allowance does not bear even a small percentage of the rent. The 7th CPC may recommend to the Government to act upon the suggestion made by the 3rd CPC without any further delay. Pending action on the part of the Government, the Commission may suggest the following rates of House Rent allowance;The above said recommendations is still to be acted upon by the Government and the transitory provisions suggested by them i.e. payment of allowances at a pre-determined rate on the basis of classification made of the cities depending upon the population continue to be employed. The non-implementation of the above recommendation of the third CPC , has without exception, gone to depress the wage of all sections of Central Government employees as they are perforce to spend more than what they receive as HRA for obtaining and retaining the accommodation.

Classification	HRA
X Classified cities	60%
YClassified cities	40%
Z  Classified cities	20%

Source:http://7thpaycommissionnews.in/nc-jcm-staff-side-suggestion-on-house-rent-allowance/

Expected Date for Submission of 7th Pay Commission Report and its important recommendations

  As the 7th pay Commission itself declared that the work of compilation and finalization of the report is underway, it is the time for expecting the date on which the report will be submitted after it is finalized. The stipulated time for submitting the report is 18 months from the date of notification issued. In a resolution dated 28th February, 2014, Government of India has appointed the Seventh Central Pay Commission comprising Justice Shri Ashok Kumar Mathur as Chairman, Shri Vivek Rae as full time Member, Dr. Ratin Roy as part time Member and Smt. Meena Agarwal as Secretary

           The 7th pay commission has been given 18 months’ time from date of its constitution to make its recommendation. Hence the tentative date for submission of Report will be 30th August 2015.

         The sources close to the 7th Pay Commission, on the condition of anonymity told that the 7th pay Commission Report is almost finalized and the Report is expected to be submitted on or before 14th August 2015. The Leaders representing one of the railway federations in the staff side also confirmed this news.

 According to the Sources the important Points of the Pay Commission’s Recommendations are ..

1. There will be no running Pay band and Grade Pay System
2. The uniform multiplication factor for arriving revised pay will be 2.86
3. The Pay scales will be open ended to avoid stagnation in the scales
4. The Minimum Pay will be Rs. 21000
5. The CCA will be separated into two components as it was in the fifth CPC
6. Percentage of HRA will remain same.
7. The Criteria for retirement age will be either completion of 33 Years of service or at the age of      60  Years whichever is earlier.
8. CGEGIS  Insurance Coverage and Monthly premium  will be increased
9. Classification of Posts will be Modified
10. The 7th Pay Commission recommendation will be implemented with effects from 1.1.2016.

         Further ,the sources told that the Committee of Secretaries will be appointed to study the report and analyze the financial implications upon implementation of 7th pay commission recommendation.  An ally of NCJCM Staff Side told that the Staff Side also will be invited by the third week of September 2015 by this Committee before giving its final nod for approval for this Recommendation.

          It appears that after  three decades the Pay Commission recommendations will come into force on the first day of its due date. Retrospective effect will not be required for implementation of 7th Pay Commission recommendation, since the notification for implementation of 7th Pay Commission recommendations might be issued on or before 1.1.2016.  So there will be no financial burden for government on spending for payment of Arrears to this effect.

        It is indeed very good news for entire central and some State government employees community. There are expectations on its peak over 7th pay commission recommendation. Whether the 7th Pay Commission’s recommendation fulfill their expectations or not?.  Let’s hope, by the time of next month, everything that is concealed will be brought to light and made known to all.

Source:http://www.gservants.com/2015/07/16/expected-date-for-submission-of-7th-pay-commission-report-and-its-important-recommendations/

Expected Date for Submission of 7th Pay Commission Report and its important recommendations- Sources

As the 7th pay Commission itself declared that the work of compilation and finalization of the report is underway, it is the time for expecting the date on which the report will be submitted after it is finalized. The stipulated time for submitting the report is 18 months from the date of notification issued. In a resolution dated 28th February, 2014, Government of India has appointed the Seventh Central Pay Commission comprising Justice Shri Ashok Kumar Mathur as Chairman, Shri Vivek Rae as full time Member, Dr. Ratin Roy as part time Member and Smt. Meena Agarwal as Secretary

The 7th pay commission has been given 18 months’ time from date of its constitution to make its recommendation. Hence the tentative date for submission of Report will be 30th August 2015.

 

The sources close to the 7th Pay Commission, on the condition of anonymity told that the 7th pay Commission Report is almost finalized and the Report is expected to be submitted on or before 14th August 2015. The Leaders representing one of the railway federations in the staff side also confirmed this news.

 According to the Sources the important Points of the Pay Commission’s Recommendations are ..

 

1. There will be no running Pay band and Grade Pay System
2. The uniform multiplication factor for arriving revised pay will be 2.86
3. The Pay scales will be open ended to avoid stagnation in the scales
4. The Minimum Pay will be Rs. 21000
5. The CCA will be separated into two components as it was in the fifth CPC
6. Percentage of HRA will remain same.
7. The Criteria for retirement age will be either completion of 33 Years of service or at the age of      60  Years whichever is earlier.
8. CGEGIS  Insurance Coverage and Monthly premium  will be increased
9. Classification of Posts will be Modified
10. The 7th Pay Commission recommendation will be implemented with effects from 1.1.2016.

 

   Further ,the sources told that the Committee of Secretaries will be appointed to study the report and analyze the financial implications upon implementation of 7th pay commission recommendation.  An ally of NCJCM Staff Side told that the Staff Side also will be invited by the third week of September 2015 by this Committee before giving its final nod for approval for this Recommendation.

 

          It appears that after  three decades the Pay Commission recommendations will come into force on the first day of its due date. Retrospective effect will not be required for implementation of 7th Pay Commission recommendation, since the notification for implementation of 7th Pay Commission recommendations might be issued on or before 1.1.2016.  So there will be no financial burden for government on spending for payment of Arrears to this effect.

 

        It is indeed very good news for entire central and some State government employees community. There are expectations on its peak over 7th pay commission recommendation. Whether the 7th Pay Commission’s recommendation fulfill their expectations or not?.  Let’s hope, by the time of next month, everything that is concealed will be brought to light and made known to all.

Source: Gservants

Initiative to be undertaken for promotion of POSB Schemes - reg

ESTIMATED PAY AFTER 7TH CPC IMPLEMENTATION REVERTING GRADE PAY METHOD

PROJECTED 7th PAY SCALE AND POSSIBLE  CHANGES IN GRADE PAY

We come to know from newspapers, gate meetings conducted at the Central Government offices and industries and from various blogs that the 7th pay commission is going to submit its recommendations to the government very soon.

Many blogs have published the projected pay scale and the estimated pay scale of the 7th pay commission based on their own calculations. They may not be actually implemented but they do bring happiness in the employees who read them.

The 7th pay commission is going to present its recommendations in the month of September. Based on the speeches delivered by the leaders of many trade unions and the short reports given by some federations at this time, it transpires that the Grade Pay method can change in the 7th pay commission. The Grade Pay which was introduced in the 6th Pay commission with its multiple unsolved issues created great dissatisfaction in the central government employees. The leaders of the Federation expressed their regret to the National Anomaly Committee, which was created to address these issues and asked it to solve the issues at the earliest possible.

Many leaders who attended the counselling meetings of the 7th pay commission remarked that the old Pay Scale (as in the 5th Pay Commission) was much better and the present Grade Pay method had to be reverted. They recommended that pay scale have to be stagnation-free and open-ended.

As the 7th pay commission has accepted it, the salary that the central government employees will receive at the end of January 2016 is calculated here based on the recommendations given by 5th and 6th pay commissions. The table is presented only as an approximation.

We wish the 7th pay commission should shower many benefits and a great salary on all the employees.

NEW BASIC PAY =6TH CPC BASIC PAY+DA 119%+40% OF OLD BASIC PAY

FOR EXAMPLE OF BASIC PAY 7000/-

NEW BASIC PAY =7000+8330+2800=18130

BASED ON THAT TAKE HOME SALARY CALCULATED APPROXIMATELY(IT IS MERE ASSUMPTION)

PAY BAND	PAY IN BAND	GRADE PAY	6 TH CPC BASIC PAY	7TH CPC BASIC PAY (EXPECTED)	DA 6% (APPROX)	HRA 30%	TA	TAKE HOME SALARY (APPROX)
PB-I 5200-20200	5200	1800	7000	18130	1090	5400	800	25420
---	5830	1900	7730	20020	1200	6000	800	28020
----	6460	2000	8460	21900	1300	6600	800	30600
----	7510	2400	9910	25650	1540	7700	1600	34890
-----	8560	2800	11360	29420	1700	8800	1600	41520
PB-II 9300-34800	9300	4200	13500	35000	2100	10500	1600	49200
----	12540	4600	17140	44400	2660	13300	1600	62000
----	13350	4800	18150	47000	2800	14100	1600	65500
PB-III 15600-21900	15600	5400	21000	54400	3200	16300	3200	77000
----	18750	6600	25350	65600	3900	19600	3200	92300
---	21900	7600	29500	76400	4600	22900	3200	107100
PB-IV	37400	8700	46100	119400	7200	35800	3200	165600
---	40200	8900	49100	127100	7600	38100	3200	176000
----	43000	10000	53000	137300	8200	41200	3200	190000

 Source:www.7-paycommission.in

Videocon offers women subscribers free 1GB mobile data

BHOPAL: Videocon Telecom on Wednesday announced to offer free 1 GB mobile data to all its new women subscribers. 

Under this initiative, the company will provide 1 GB free data that will be available as 100 MB per month for 10 months to all female subscribers who will take a new connection. The offer would be in addition to other data benefits provided to the new subscribers. 

"We are pleased to announce two more initiatives under the Prime Minister's 'Digital India' vision. The first initiative for female subscribers is not only limited to digital connect, but it also supports women empowerment," Videocon Telecommunications director and CEO Arvind Bali said here. Under the second initiative, unlimited access will be given to all its subscribers to government's national web portal, the company said.