7th PAY COMMISSION NEWS - CENTRAL GOVERNMENT EMPLOYEES NEWS

Finance Ministry Orders on Rates of Dearness Allowance applicable w.e.f. 1.1.2014 to employees of Central Government and Central Autonomous Bodies continuing to draw their pay In the pre-revised scale as per 5th Central Pay Commission. No.1(3)/2008-E.II(B) Government of India Ministry of Finance Department of Expenditure North Block, New Delhi Dated: 22nd April, 2014. OFFICE MEMORANDUM Subject: Rates of Dearness Allowance applicable w.e.f. 1.1.2014 to employees of Central Government and Central Autonomous Bodies continuing to draw their pay In the pre-revised scale as per 5th Central Pay Commission. The undersigned is directed to refer to this Department’s O.M. of even No. dated 7th October, 2013 revising the rates of Dearness Allowance in respect of employees of Central Government and Central Autonomous Bodies who continue to draw their pay and allowances in the pre-revised scales of pay as per 5th Central Pay Commission. 2. The rates of Dearness Allowance admissible to the abov...

Central Government Employees Group Insurance Scheme – 1980 – Tables of Benefits for the savings fund for the period from 01.01.2014 to 31.12.2014. Ministry of Finance issued a new table of benefits for the savings fund of CGEIS for the period from January 2014 to December 2014. Two different type of tables are given in the order, one is describes the benefit amount for the subscribers contribute Rs.10 upto 1989 and after Rs.15. The another maturity amount indicated in the table for the employees contributed Rs.10 throughout their service. Including the two tables, the Finance Ministry order would get from the below link... http://finmin.nic.in/the_ministry/dept_expenditure/notification/cgegis/CGEISTable08012014.pdf

Finance Ministry issued orders on Dearness Allowance due from 1.7.2013 to Central Govt Employees… Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 01.07.2013 No.1-8/2013-E-II (B) Government of India Ministry of Finance Department of Expenditure North Block, New Delhi Dated: 25th September, 2013. OFFICE MEMORANDUM Subject: Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 1.7.2013. The undersigned is directed to refer to this Ministry’s Office Memorandum No.1(2)/2013-E-II (B) dated 25th April, 2013 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 80% to 90% with effect from 1st July. 2013. 2. The provisions contained in paras 3, 4 and 5 of this Ministry’s O.M. No.1(3)/2008-E-II(B) dated 29th August, 2008 shall continue to be applicable while regulatin...

Fixation of salary in Public Sector Banks to re-employed ex-servicemen–Finmin Ordres   GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF FINANCIAL SERVICES JEEVAN DEEP 10, PARLIAMENT STREET., NEW DELHI-110 001 F. No.4/1/2012-SCT (B) Dear, Please refer to your D.O. No 12(35)1211/D(Res-I) dated 24/04/2012 regarding grievances of ex-servicemen re-employed in Public Sector Banks for fixation of their salary in banks. 2. In this connection, I would like to mention that the Department of Financial Services had circulated instructions/directions/Circulars such as of the DoP&T’s earlier OM No. 3/19/2009-Estt.Pay II dated 8.11.2010 as well as the Ministry of Defence (MOD)’S letter No.1(4)/2007/D(Pen/Policy) dated 09.02.2011 to all Public Sector Banks(PSBs)/Financial Institutions (FIs) and Insurance Companies (ICs) for compliance. 3. The Indian Banks’ Association (IBA) sought clarification from DFS on re-fixation of pay to ex-servicemen re-employed in their Public Sector Banks ...

No.7(2)/E.Coord/2013 Ministry of Finance Department of Expenditure New Delhi, the 18th September, 2013 OFFICE MEMORANDUM Sub: Expenditure Management - Economy Measures and Rationalization of Expenditure. Ministry of Finance, Department of Expenditure has been issuing austerity instructions from time to time with a view to containing non-developmental expenditure and releasing additional resources for priority schemes. The last set of instructions was issued on 31st May 2012,  1st November 2012 and 14th November 2012. Such measures are intended at promoting fiscal discipline, without restricting the operational efficiency of the Government. In the context of the current fiscal situation, there is a need to continue to rationalize expenditure and optimize available resources. With this objective, the following measures for fiscal prudence and economy will come into immediate effect: 2.1 Cut in Non-Plan expenditure: For the year 2013-2014, every Ministry/Department shall effect ...

DA to CG Staff and Pensioners from 1.1.2013, will be decided only after the Finance Minister arrival..? The decision on Dearness Allowance from January 2013, will be declared only after the Finance Minister’s arrival..?! The decision on Dearness Allowance will be declared only after the Finance Minister’s arrival..?! It is really surprising that, even after the month prescribed by 6CPC to announce the Dearness Allowance passed, the central government yet to decide the rate of dearness allowance to be paid to central government employees from January 2013. Almost all the central government employees news websites have written more than enough about the rate and timing of announcing the Dearness allowance payable to central government employees with effect from 1st January 2013. On 2nd April 2013, Some Established News websites informed that the 8% dearness allowance likely to be approved by cabinet committee today ie on April 02, 2013. But at the end of the cabinet meeting it had b...

Withholding of Income Tax Refund A detailed written reply has been submitted in the Parliament by the Finance Minister on 22nd March, 2013 to a question regarding the withholding of IT Refund as follows... There is no withholding of Income Tax refunds by the Government. Refunds arise mainly on account of processing of Return of Income (ROI) or on account of giving effect to the appellate orders. ROI can be processed up to one year from the end of the financial year in which Return is received, and the refund so generated, is issued in due course. Also, the refunds arising as a result of giving effect to appellate orders are issued after due verification of the same. Various steps taken by the Government to expedite refunds are as under: i) Promoting e-filing of the returns for speedy processing. ii) Centralized Processing Centre (CPC) at Bengaluru has been set up to process e-returns of the entire country. iii) To expedite faster issue, dispatch and delivery of refunds, issuance...