SB Order 10/2014 : Regularization of irregularly opened MIS accounts in the multiples Rs.1000/- instead of Rs.1500/-

For more details : Click http://www.indiapost.gov.in/DOP/Pdf/Circulars/SB_order_10-email_19092014_pub_upload.pdf

Productivity Linked Bonus for Postal Employees for the year 2013-14

Productivity Linked Bonus for Postal Employees for the year 2013-14

F.No.26-04/2014-PAP
Government of India
Ministry of Communication & Information Technology
Department of Posts,
(Establishment Division)

Dak Bhawan, Sensed Marg,
New Delhi – 110001

No. 26-04/2014-PAP

Dated: 19th September, 2014

1. All Chief Postmasters General
1 All Postmasters General
3.Deputy Director General (PAP), Department of Posts
4.All General Managers (Finance)
5.Directors/Deputy Directors of Accounts (Postal)
6. Director, RAKNPA/Directors of All PTCs

SUB: Productivity Linked Bonus for the Accounting year 2013-14.

Sir/Madam,

The undersigned is directed to convey the sanction of the President of India to the payment of Productivity Linked Bonus for the accounting year 2013-14 equivalent of emoluments of 60 (sixty) Days to the employees of Department of Posts in Group `D/MTS, Group ‘C’ and non-gazetted Group ‘B’. Ex-Gratia payment of bonus to Gramin Dak Sevaks who are regularly appointed after observing all appointment formalities, and Ad-hoc payment of bonus to Casual labourers who have been conferred Temporary Status are also to be paid equivalent to allowances / wages respectively for 60 (sixty) Days for the same period.

1.1 The calculation for the purpose of payment of bonus under each category will be done as indicated below.

2, REGULAR EMPLOYEES

2.1 Bonus will be calculated on the basis of the following formula: –

Average emoluments X Number of days of bonus
—————————————-
30.4 (average no of days in a month)

BIMONTHLY MEETING OF SERVICE UNIONS WITH PMG KOCHI ON 08-10-2014

Please send Items to be discussed at regional level before 25-09-2014 to the Circle Secretary or President

Grant of Non-productivity Linked Bonus (Ad-hoc bonus) to Central Government Employees for the year 2013-14 - Finance Ministry Orders

Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2013-14 – Finance Ministry Orders

No.7/24/2007/E III (A)

Government of India

Ministry of Finance

Department of Expenditure

E III (A) Branch

New Delhi, the 16th September, 2014

OFFICE MEMORANDUM

Subject :  Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2013-14.

The undersigned is directed to convey the sanction of the President to the grant of Non-Productivity Linked Bonus (Ad-hoc Bonus) equivalent to 30 days emoluments for the accounting year 2013-14 to 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. 

The calculation ceiling for payment of ad-hoc Bonus under these orders shall continue to be monthly emoluments of Rs. 3500/-, as hitherto. The payment of ad-hoc Bonus under these orders will also be admissible to the eligible employees of Central Para Military Forces and Armed Forces. The orders will be deemed to be extended to the employees of Union Territory Administration which follow the Central Government pattern of emoluments and are not covered by any other bonus or ex-gratia scheme.

2. The benefit will be admissible subject to the following terms and conditions:

(i) Only those employees who were in service as on 31.3.2014 and have rendered at least six months of continuous service during the year 2013-14 wIll be eligible for payment under these orders. Prorata payment will be admissible to the eligible employees for period of continuous service during the year from six months to a full year, the eligibility period being taken in terms of number of months of service (rounded off to the nearest number of months).

(ii) The quantum of Non-PLB (ad-hoc bonus) will be worked out on the basis of average emoluments/calculation ceiling whichever is lower. To calculate Non-PLB (Ad-hoc bonus) for one day, the average emoluments In a year will be divided by 30.4 (average number of days in a month). This will there after be multiplied by the number of days of bonus granted To illustrate, taking the calculation ceiling of monthly emoluments of Rs. 3500 (where actual average emoluments exceed Rs. 3500), Non.PLB (Ad-hoc Bonus) for thirty days would work out to Rs. 3500×30/304=Rs.3453.95 (rounded off to Rs.3454/-).

(iii) The casual labour who have worked in offices following a 6 days week for at least 240 days for each year for 3 years or more (206 days in each year for 3 years or more in the case of offices observing 5 days week), will be eligible for this Non-PLB (Ad-hoc Bonus) Payment. The amount of Non-PLB (ad-hoc bonus) payable will be (Rs.1200×30/30.4 i.e.Rs.1184.21 (rounded off to Rs.1184/-). In cases where the actual emoluments fall below Rs.1200/- p.m., the amount will be calculated on actual monthly emoluments.

(iv) All payments under these orders will be rounded off to the nearest rupee.

(v) The clarificatory orders issued vide this Ministry’s OM No.F.14 (10)—E. Coord/88 dated 4.10.1988, as amended from time to time, would hold good.

3. The expenditure on this account will be debitable to the respective Heads to which the pay and allowances of these employees are debited.

4. The expenditure incurred on account of Non-PLB (Ad-hoc Bonus) is to be met from within the sanctioned budget provision of concerned Ministries/Departments for the current year.

5. In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these orders are issued in consultation with the ComroIler and Auditor General of India.

sd/-

(Amar Nath Singh)

Deputy Secretary to the Govt. of India

Source: www.finmin.nic.in

3rd Biennial Conference of AIPSBCOEA @ Thekkady, Idukki District

The third biennial conference of AIPSBCOEA is schedule to be conducted at Thekkady, near the world famous tourist spot Munnar, in Idukki district from 14-03-20156 to 15-03-2015.

The proposed Central Working Committee will also be held at the same venue on 14-03-2015 at 9.am

Committee to Examine un-Claimed Amount Remained in PPF, Post Office and Savings Schemes

Committee to Examine un-Claimed Amount Remained in PPF, Post Office and Savings Schemes

Finance Minister Approves Setting-up of A Committee to Examine un-Claimed Amount Remained in PPF, Post Office and Savings Schemes and Recommend how this Amount can be Used to Protect and Further the Financial Interest of the Senior Citizens.

The Union Finance Minister Shri Arun Jaitley has approved the setting-up of a Committee under the Chairmanship of Deputy Governor, Reserve Bank of India(RBI) to examine un-claimed amount remained in PPF, Post Office, Savings Schemes etc and recommend how this amount can be used to protect and further the financial interest of the senior citizens.

The Finance Minister, vide para 39 of his Budget Speech 2014-15, had announced that “a large amount of money is estimated to be lying as unclaimed amounts with PPF, Post Office, Savings Schemes etc. these are mostly out of investments belonging to the senior citizens and on their demise, remain unclaimed for want of relevant payment instructions” and has proposed to set-up a Committee to examine and recommend how this amount can be used to protect and further financial interest of the senior citizens.

Accordingly, with the approval of the Union Finance Minister, a Committee has been set-up with the following composition:

1) Deputy Governor, RBI – Chairman
2) Secretary, Department of Posts – Member
3) Joint Secretary (Law), M/o Law and Justice – Member
4) Dy. Managing Director of S.B.I – Member
5) Executive Director, Punjab National Bank – Member
6) Joint Secretary (Budget), DEA – Member
7) Joint Director, – Member Secretary
National Savings Institute

The Terms of Reference (TOR) of the Committee would be:

· Based on defined scope, by Reserve Bank of India, estimation of amount lying unclaimed under various scheme`s (Small Savings and other Savings Schemes of banks) with Post Offices/ Public Sector Banks;
· Procedure for bringing such unclaimed deposits to a common pool to be suggested by the Committee. Changes, if any, required to be made in the legal framework may be suggested. Committee to also suggest if such a pool should be placed within Government account or outside it.
· Committee to recommend how this unclaimed amount can be used to protect and further financial interests of the senior citizens.

The Committee will submit its Report by 31st December 2014.

Revise Bonus Act for Central Government employees to get real wages as Bonus – NCJCM

Revise Bonus Act for Central Government employees to get real wages  as Bonus – NCJCM

Joint Consultative Machinery for central Government Employees

National Council (Staff Side) 

Shiv Gopal Mishra
Secretary, National Council (Staff Side)
Joint Consultative Machinery for central Government Employees
New Delhi -110001

No.NC/JCM/2014

Dated: August 23, 2014

Shri Narendra Modi Ji,
Hon’ble Prime Minister,
Government of India,
New Delhi

Respected Sir,

Sub: Revision of ceiling for payment of Bonus in Bonus Act 1965

Payment of Bonus Act, 1965 was amended in the year 2007. This Act was called as Payment of Bonus (Amendment) Act, 2007.
In Section 12 of the Principal Act (1965), payment of minimum bonus was revised from Rs.2500 to Rs.3500 w.e.f. 1st April, 2006 through Payment of Bonus(Amendment) Ordinance 2007(8 of 2007) and subsequently passed by the  Parliament through Bill No.89/2007.
The Central Trade Unions and also the Constituent Organizations of Joint Consultative Machinery for Central  Government employees raised the issue of amendment to the Section 12 of the Bonus Act, 1965 to remove the  Ceiling of Rs.3500, mentioned in the Section 12 of the Payment of Bonus (Amendment) Act 2007.
But so far the Government has not amended the Act to pay real wages to the workers as Bonus, which is causing lot  of hardship to the workers due to high escalation of prices of all commodities after the enactment of the amendment  to the Bonus Act 1965 in the year 2007.
You are, therefore, requested to consider the pleas made by the Central Trade Union Organizations and also the  JCM Constituent Organizations for Central Government employees and amend the Section 12 of the Bonus Act, duly removing the ceiling mentioned in the Section 12 of the Payment of Bonus(Amendment) Act, 2007.
As Pooja Festival is fast approaching and orders for payment of Productivity Linked Bonus to Railway employees and  Ex. gratia to other Central Government employees are likely to be issued shortly, you are further requested to  propose to issue an ordinance with the approval of the President to amend Section 12 of the Payment of Bonus  (Amendment) Act, 2007 so as to enable the Railwaymen and other Central Government employees to get real wages  as Bonus.
sd/-
Shiv Gopal Mishra
Copy to: Hon’ble Minister for Labour, Ministry of Labour, Government of India, New Delhi – for favourable  consideration.
Copy to: All Constituents of the NC/JCM(Staff Side) – for information.
source : NCJCM (Staff Side)

Expected Dearness Allowance from January 2015

Expected Dearness Allowance from January 2015

As all of us expected, 7% DA hike has been approved by Cabinet on 4th September 2014. Necessary order for payment of DA with effect from 1st July 2014 will be issued by Ministry of Finance soon. Here after our focus will be moving on to next instalment of dearness allowance which will be paid from 1st January 2015. We just analyse the trend of Consumer Price Index with the past seven months AICPCIN to arrive the expected DA from January 2015.
Since 2006, the AICPIN has witnessed second highest ever increase in July 2014. In 2009 the AICPIN increased by 7 points from 153 to 160 in the month of July. After that, an increase of 6 points over 246 points was declared in July 2014. It is the second highest monthly increase on AICPIN records from 2006. See the table below…

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	MaxIncrease
2006	119	119	119	120	121	123	124	124	125	127	127	127	2
2007	127	128	127	128	129	130	132	133	133	134	134	134	2
2008	134	135	137	138	139	140	143	145	146	148	148	147	3
2009	148	148	148	150	151	153	160	162	163	165	168	169	7
2010	172	170	170	170	172	174	178	178	179	181	182	185	3
2011	188	185	185	186	187	189	193	194	197	198	199	197	4
2012	198	199	201	205	206	208	212	214	215	217	218	219	4
2013	221	223	224	226	228	231	235	237	238	241	243	239	4
2014	237	238	239	242	244	246	252						6

What is the impact of this highest increase of AICPIN on expected Dearness Allowance from January 2015?It is observed that when it was 7 points increase in July 2009, it influenced very much on increasing the rate of DA to be paid from 1st January 2010 and 1st July 2010. The rate of Dearness Allowance had been enhanced by 8% from 25% to 35% with effect from 1.1.2010 and 10% increase from 35% to 45% was declared with effect from 1.7.2010. Though there was no considerable increase after those 7 points in that particular 12 months from July 2009 to June 2010, the rate of DA had been reached 8% and 10% increase level for  successive two instalments.
From this point of view, it is quite obvious that this one month increase on AICPIN is enough to play a vital role to have a considerable hike in rate of Dearness Allowance for forth coming two instalments. So this 6 points increase of AICPIN in July 2014, we can expect, will have a profound impact on increasing the rate of Dearness allowance to be paid, not only from 1st January 2015, but also from July 2015.
Let us see the three probabilities of  AICPIN trend, through which we can figure out approximately the expected DA from January 2015 

Probabilities (with AICPIN-IW points)	Expected DA from Jan 2015
Average increase of 3 points for remaining 5 months	9%
Average increase of 2 points for remaining 5 months	8%
If same points (252)continues for remaining  5 months	6%

എല്ലാവര്‍ക്കും ഹൃദയം നിറഞ്ഞ ഓണാശംസകള്‍...HAPPY ONAM !!!"