JANLA SO IS NOW IN CBS

7TH CPC REPORT SUBMITTED TO FINANCE MINISTER

HIGHLIGHTS

♦ Report consist 900 pages 

♦ Pay Panel recommends 16% Pay hike 

♦ Grade Pay and Band Pay system abolished
♦ Minimum Salary 18000
♦ Apex pay scale 225000
♦ Cabinet secretary Pay 250000
♦ Annual increment 3%
♦ 23.5% hike in pay and allowance together
♦ Fitman formula 2.57%
♦ Group insurance increased to 50 lakhs
♦ HRA remains Same 10% 20% 30%
♦ 52 Allowances abolished
♦ 36 Allowances submerged

BRIEF :

Recommended Date of implementation: 01.01.2016

Minimum Pay: Based on the Aykroyd formula, the minimum pay in government is recommended to be set at ?18,000 per month.

Maximum Pay: ?2,25,000 per month for Apex Scale and ?2,50,000 per month for Cabinet Secretary and others presently at the same pay level.

Financial Implications:

The total financial impact in the FY 2016-17 is likely to be ?1,02,100 crore, over the expenditure as per the ‘Business As Usual’ scenario. Of this, the increase in pay would be ?39,100 crore, increase in allowances would be ? 29,300 crore and increase in pension would be ?33,700 crore.

Out of the total financial impact of ?1,02,100 crore, ?73,650 crore will be borne by the General Budget and ?28,450 crore by the Railway Budget.

In percentage terms the overall increase in pay & allowances and pensions over the ‘Business As Usual’ scenario will be 23.55 percent. Within this, the increase in pay will be 16 percent, increase in allowances will be 63 percent, and increase in pension would be 24 percent.

The total impact of the Commission’s recommendations are expected to entail an increase of 0.65 percentage points in the ratio of expenditure on (Pay+Allowances+ Pension) to GDP compared to 0.77 percent in case of VI CPC.

New Pay Structure: Considering the issues raised regarding the Grade Pay structure and with a view to bring in greater transparency, the present system of pay bands and grade pay has been dispensed with and a new pay matrix has been designed. Grade Pay has been subsumed in the pay matrix. The status of the employee, hitherto determined by grade pay, will now be determined by the level in the pay matrix.

Fitment: A fitment factor of 2.57 is being proposed to be applied uniformly for all employees.

Annual Increment: The rate of annual increment is being retained at 3 percent.

Modified Assured Career Progression (MACP):

Performance benchmarks for MACP have been made more stringent from “Good” to “Very Good”.

The Commission has also proposed that annual increments not be granted in the case of those employees who are not able to meet the benchmark either for MACP or for a regular promotion in the first 20 years of their service.

No other changes in MACP recommended.

House Rent Allowance: Since the Basic Pay has been revised upwards, the Commission recommends that HRA be paid at the rate of 24 percent, 16 percent and 8 percent of the new Basic Pay for Class X, Y and Z cities respectively. The Commission also recommends that the rate of HRA will be revised to 27 percent, 18 percent and 9 percent respectively when DA crosses 50 percent, and further revised to 30 percent, 20 percent and 10 percent when DA crosses 100 percent.

In the case of PBORs of Defence, CAPFs and Indian Coast Guard compensation for housing is presently limited to the authorised married establishment hence many users are being deprived. The HRA coverage has now been expanded to cover all.

Any allowance not mentioned in the report shall cease to exist.

Emphasis has been placed on simplifying the process of claiming allowances.

Advances:

All non-interest bearing Advances have been abolished.

Regarding interest-bearing Advances, only Personal Computer Advance and House Building Advance (HBA) have been retained. HBA ceiling has been increased to ?25 lakhs from the present ?7.5 lakhs.

Central Government Employees Group Insurance Scheme (CGEGIS): The Rates of contribution as also the insurance coverage under the CGEGIS have remained unchanged for long. They have now been enhanced suitably. The following rates of CGEGIS are recommended:

Medical Facilities:

Introduction of a Health Insurance Scheme for Central Government employees and pensioners has been recommended.

Meanwhile, for the benefit of pensioners residing outside the CGHS areas, CGHS should empanel those hospitals which are already empanelled under CS (MA)/ECHS for catering to the medical requirement of these pensioners on a cashless basis.

All postal pensioners should be covered under CGHS. All postal dispensaries should be merged with CGHS.

Pension: The Commission recommends a revised pension formulation for civil employees including CAPF personnel as well as for Defence personnel, who have retired before 01.01.2016. This formulation will bring about parity between past pensioners and current retirees for the same length of service in the pay scale at the time of retirement.

The past pensioners shall first be fixed in the Pay Matrix being recommended by the Commission on the basis of Pay Band and Grade Pay at which they retired, at the minimum of the corresponding level in the pay matrix.

This amount shall be raised to arrive at the notional pay of retirees, by adding number of increments he/she had earned in that level while in service at the rate of 3 percent.

In the case of defence forces personnel this amount will include Military Service Pay as admissible.

Fifty percent of the total amount so arrived at shall be the new pension.

An alternative calculation will be carried out, which will be a multiple of 2.57 times of the current basic pension.

The pensioner will get the higher of the two.

Gratuity: Enhancement in the ceiling of gratuity from the existing ?10 lakh to ?20 lakh. The ceiling on gratuity may be raised by 25 percent whenever DA rises by 50 percent.

Performance Related Pay: The Commission has recommended introduction of the Performance Related Pay (PRP) for all categories of Central Government employees, based on quality Results Framework Documents, reformed Annual Performance Appraisal Reports and some other broad Guidelines. The Commission has also recommended that the PRP should subsume the existing Bonus schemes.

There are few recommendations of the Commission where there was no unanimity of view and these are as follows:

The Edge: An edge is presently accordeded to the Indian Administrative Service (IAS) and the Indian Foreign Service (IFS) at three promotion stages from Senior Time Scale (STS), to the Junior Administrative Grade (JAG) and the NFSG. is recommended by the Chairman, to be extended to the Indian Police Service (IPS) and Indian Forest Service (IFoS).

Shri Vivek Rae, Member is of the view that financial edge is justified only for the IAS and IFS. Dr. Rathin Roy, Member is of the view that the financial edge accorded to the IAS and IFS should be removed.

Empanelment: The Chairman and Dr. Rathin Roy, Member, recommend that All India Service officers and Central Services Group A officers who have completed 17 years of service should be eligible for empanelment under the Central Staffing Scheme and there should not be “two year edge”, vis-à-vis the IAS. Shri Vivek Rae, Member, has not agreed with this view and has recommended review of the Central Staffing Scheme guidelines.

Non Functional Upgradation for Organised Group ‘A’ Services: The Chairman is of the view that NFU availed by all the organised Group `A’ Services should be allowed to continue and be extended to all officers in the CAPFs, Indian Coast Guard and the Defence forces. NFU should henceforth be based on the respective residency periods in the preceding substantive grade. Shri Vivek Rae, Member and Dr. Rathin Roy, Member, have favoured abolition of NFU at SAG and HAG level.

Superannuation: Chairman and Dr. Rathin Roy, Member, recommend the age of superannuation for all CAPF personnel should be 60 years uniformly. Shri Vivek Rae, Member, has not agreed with this recommendation and has endorsed the stand of the Ministry of Home Affairs.

 THOUGH THE PAY COMMISSION REPORT DISCUSSED CADRE WISE OF POSTAL EMPLOYEES NOTHING IS RECOMMENDED EXCEPT FOR IPOS AND PM GRADE III.WE HAVE TO STRESS FOR CADRE RESTRUCTURING COMITTEE REPORT IMPLEMENTATION FROM DOP&T

7th Cpc Rejected all our (FNPO&NFPE) demands directly, what is our next course of action?

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JANKIA BECAME FIRST SO UNDER KHURDA HO TO GO LIVE IN CBS

JANKIA BECAME FIRST SO UNDER KHURDA HO TO GO LIVE IN CBS, GRAND CELEBRATION AT JANKIA SO. SSPO's SUREKH RAGHUNATHEN INAGURATED THE NEW PLATFORM. THE REAL HEROS , BRAJA, AMIT,BRAHMA AND SPM HIMSELF BHASKAR CHANDRA BEHERA DID A WONDERFUL JOB

EMPLOYEES REGULARIZED AFTER 01.01.2004 WILL COMES UNDER OLD PENSION

Employees regularized after 01.01.2004 will be covered under Old Pension Scheme – Supreme Court

Name of child, for whom shoe, books and uniform purchased, should mention in cash memo vouchers for Children Education Allowances.

Office of the Principal Controller of Defence Accounts (Central Command)
Cariappa Road, Cantt., Lucknow – 226002

Circular

No.:-AN/IV/CEA/2015

Date: 02/11/2015

To
The Officer-In-charge,
1. All Sections of MO.
2. All Sub Offices
3. All PAOs

Sub: Payment on account of Children Education Allowances.

During Local Test Audit of vouchers of children education allowance, it is found that the name of child, for whom shoe, books and uniform purchased, were not mentioned in cash memo vouchers. Local Test Audit Team has pointed out the matter and emphasized for making suitable correction.

It is therefore, enjoined upon all concerned to intimate the name of child for whom shoe, books and uniform purchased, may be mentioned in cash memo vouchers.

All the officers/staff may be got aware of the fact for strict compliance.

                                                                                                              sd/-

Sr. Accounts Officer (AN-IV)

Source: http://pcdacc.gov.in/

SOVEREIGN GOLD BONDS SCHEME TO BE LAUNCHED BY PM MODI: TOP 10 THINGS TO KNOW

The Reserve Bank of India (RBI) has issued operational guidelines for Sovereign Gold Bonds scheme, 2015-16, to be launched by Prime Minister Narendra Modi on Thursday. (Reuters)

The Reserve Bank of India (RBI) has issued operational guidelines for Sovereign Gold Bonds scheme, 2015-16, to be launched by Prime Minister Narendra Modi on Thursday. Besides Sovereign Gold Bonds, Modi will also launch two other gold related schemes – Gold Monetisation Scheme (GMS) and the Gold Coin and Bullion Scheme. Here are 10 points to know about the Sovereign Gold Bonds scheme:

1. Issuing the operational guidelines on the gold bonds, RBI said application forms from investors will be received at branches during normal banking hours from November 5 to 20. “Relevant additional details may be obtained from the applicants, where necessary. Receiving offices need to ensure that the application is complete in all respects,” it said.
2. Investors will be compensated at a fixed rate of 2.75 per cent per annum payable semi-annually on the initial value of investment.
3. RBI said applicants will be paid interest on application money at prevailing savings bank rate from the date of realisation of payment to the settlement date (the period for which they are out of funds).
4. In case the applicant’s bank account is not with the receiving bank, the interest has to be credited by electronic fund transfer to the account details provided by the applicant, the guidelines said. It added that banks may engage NBFCs, NSC agents and others to collect application forms on their behalf. Banks may enter into arrangements or tie-ups with such entities.
5. Sovereign Gold Bonds will be available for subscription at the branches of scheduled commercial banks and designated post offices through RBI’s e-kuber system. The e-kuber system can be accessed either through Infinet or Internet.
6. Cancellation of application is permitted till the closure of the issue (November 20). Part cancellation of submitted request for purchase of gold bonds is not permitted. No interest on application money needs to be paid if the application is cancelled.
7. Sovereign Gold Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram. The tenor of the Sovereign Gold Bonds will be for a period of 8 years with exit option from 5th year.
8. The GMS will replace the existing Gold Deposit Scheme, 1999. However, the deposits outstanding under the Gold Deposit Scheme will be allowed to run till maturity unless the depositors prematurely withdraw them, the Finance Ministry said in a statement.
9. The Indian gold coin is a part of the Gold Monetisation Programme. The coin will be the first ever national gold coin and will have the National Emblem of Ashok Chakra engraved on one side.
10. The Sovereign Gold Bonds will be issued on November 26.

CLICK HERE TO DOWNLOAD FORMS

COMPLETE PROCEDURE

Source : http://www.financialexpress.com/

Grant of GP Rs.5400/- after completion of 4 years in GP of Rs. 4800/-

SIMPLIFICATION OF PROCEDURE FOR FORM NO.15G & 15H

Simplification of procedure for Form No.15G & 15H - regarding

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

PRESS RELEASENew Delhi, 30th September, 2015

Subject: Simplification of procedure for Form No. 15G & 15H - regarding

Tax payers seeking non deduction of tax from certain incomes are required to file a self declaration in Form No. 15G or Form No.15H as per the provisions of Section 197A of the Income-tax Act, 1961 (‘the Act’). In order to reduce the cost of compliance and ease the compliance burden for both, the tax payer and the tax deductor, the Central Board of Direct taxes has simplified the format and procedure for self declaration of Form No.15G or 15H. The procedure for submission of the Forms by the deductor has also been simplified.

Under the simplified procedure, a payee can submit the self-declaration either in paper form or electronically. The deductor will not deduct tax and will allot a Unique Identification Number (UIN) to all self-declarations in accordance with a well laid down procedure to be specified separately. The particulars of self- declarations will have to be furnished by the deductor along with UIN in the quarterly TDS statements. The requirement of submitting physical copy of Form 15G and 15H by the deductor to the income-tax authorities has been dispensed with.The deductor will, however be required to retain Form No.15G and 15H for seven years.

The revised procedure shall be effective from the 1st day of October, 2015.

The Notification issued Vide S.O. No.2663(E) dated 29th September 2015 is available on the website of the Department at www.incometaxindia.gov.in

(Shefali Shah)

Pr. Commissioner of Income Tax (OSD)

Official Spokesperson, CBDT

NPS TRUST WILL START RECOVERING FEE/CHARGE @ 0.01% OF THE AUM ON DAILY ACCRUAL BASIS

We would like to bring to your kind attention that NPS Trust will start recovering fee/charge @ 0.01% of the AUM on daily accrual basis to meet its expenditure, with effect from 1st November, 2015 which has been approved by Pension Fund Regulatory and Development Authority.

SB ORDER 14/2015- ROLE OF SBCO IN CBS ENVIRONMENT

Role Of SBCO In CBS Environment

In the CBS Environment, following procedure will be followed by Post Offices and SBCO Officials for Transactions happened in CBS Post Offices:-

1. General

1.1 As and when SOs are migrated to CBS, staff working in SOSB Branch should be reduced and re-deployed either at POSB Counters or at CPC or in the SBCO Branch for assistance in physical voucher checking.

1.2 Incharge SBCO will identify one SBCO PA who will take vouchers bundles with consolidation from Sub Account and tally totals shown in consolidation with amount shown in SO Daily Account and SO Summary.

1.3 Handling of Agent Commission Schedules and ACG-17 by SBCO will be discontinued. ACG-17 will be preserved alongwith Agent Commission Report/schedule in the Accounts Branch of HPO and sent to PAO alongwith other schedules.

1.4 In case of RD deposits accepted through MPKBY Agents, only two copies of Agent LOT is to be taken from the agent alongwith pay-in-slip and ACG-17. One copy of Agent LOT will be kept in the office guard file and second copy Agent schedule (LOT) should be attached with the pay-in-slip and placed at the end of RD Voucher Bundle.ACG-17 is to be attached with the Agent Commission Report/schedule and sent to Accounts Branch of HO.

1.5 Account Opening Form (SB-3/AOF) where KYC documents are attached will not be transferred to SBCO alongwith Account Closure Voucher. APM/SPM should record on the closed vouchers that “ SB-3/AOF retained with KYC documents”. In case of any SB-3 or AOF with whom KYC documents are not attached (subsequently opened accounts), SB-3 or AOF is to be attached with the closed voucher and sent to SBCO. SBSO branch of HOs will send all SB-3 of SOs (migrated to CBS) to the respective SOs. In case of Accounts closed at the Post Office other than the one where account was opened, Account Transfer Form collected by the Post Office at the time of closure should be attached with the closure voucher.

1.6 In case of any adjustment if required in interest, Postmaster/Sub Postmaster will write error book and raise the issue to Head Postmaster who will raise the issue with Incharge SBCO. In case of any adjustment related to pre-migration period, Head Postmaster will raise the issue with Divisional Head with copy of error book who will after necessary inquiry (if required), approve adjustment and send letter to SBCO Incharge.

1.7 Postmaster/APM/SPM will be held personally responsible for all transactions happened in the Finacle Office Accounts in the post office. They should be vigilant while verifying the transactions to see the Office Account Number used by the User.

2. Change in procedure of Sealing of Vouchers and LOT by CBS Post Offices

2.1 Post Office staff will write name of Scheme and TRAN ID in red ink on the right hand side of the voucher.

2.2 One deposit slip and one withdrawal slip will be prepared for auto-credit of MIS/SCSS/TD to Savings and Savings to RD.

2.3 One deposit slip will be prepared for the total of each type of Agent commission credited into savings accounts supported by consolidated list of commission paid.

2.4 One withdrawal slip will be prepared by SPM/APM for the POSB Cheque clearing amount ( based on the clearing amount intimated to Clearing House/HO) and print out of cheque’s images should be attached to it.

2.5 At the closing of counter hours, all vouchers should be sorted scheme-wise and TRAN ID wise. Vouchers should be tallied with LOT shown in the system by Counter PA and Supervisor.

2.6 A consolidation of the scheme should be generated and printed by all CBS post offices. Where laser printers are not available, while executing command in HFINRPT, user has to select “XLS” instead of “PDF” (which is shown by default) in the field “Output File Name”. Then report can be printed on Dot Matrix printer.

2.7 All vouchers including closed vouchers are to be sealed along with print out of consolidation. One copy of consolidation (scheme-wise) is to be preserved in post office in guard file to be maintained scheme-wise and date-wise. APM/SPM will sign the consolidation and write the amount in words and figures alongwith No. of Deposit/Withdrawal vouchers included in the bundle. If any manual correction is made, it should be supported by copy of error book (one copy to be attached with voucher, one copy with office copy of consolidation and one copy to be sent to Divisional Office.

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SUGGESTIONS OR VIEWS REGARDING ENHANCEMENT OF LIMIT OF WITHDRAWALS FROM RS. 5000 TO RS. 10000 AT BOS WITHOUT OBTAINING SANCTION FROM ACCOUNT OFFICE

SUGGESTIONS OR VIEWS REGARDING ENHANCEMENT OF LIMIT OF WITHDRAWALS FROM RS. 5000 TO RS. 10000 AT BOS WITHOUT OBTAINING SANCTION FROM ACCOUNT OFFICE

• Previously, the limit of withdrawals from Rs.2000/- to Rs.5000 vide SB Order No.19/2009 dated 14.12.2009
• In this regard, it is submitted that raising the limit of withdrawal will necessitate revision of minimum and maximum balance at branch Post Office by Divisional Heads. As such, before taking any decision in this regard, the view of the circle heads are solicited.

Sj. Niranjan Mohanty is the new ASP(HQ)

The following Officer in ASP Cadre is transferred and posted as mentioned below vide CO Memo No.ST/20-15(2)/2015 dated 16-10-2015.

Sl No	Name of Officer S/Shri	Present place of working	Place of Posting on Transfer
1.	Niranjan Mohanty	Postamaster, Puri HO	Asp(HQ), Puri Division, Puri

Our Union pledges every support to Sri Mohanty for his new assignment.