CENTRAL GOVERNMENT EMPLOYEES NEWS fw ERI BOI

7th CPC Gazette Notification is expected early next week – AIRF 7th Pay Commission Recommendation on CGEGIS was not accepted by Government GPF Interest Rate – Resolution issued by Ministry of Finance NJCA need to Clarify the Doubts over 7th CPC Issues 7th CPC Gazette Notification is expected early next week – AIRF Posted: 08 Jul 2016 08:35 PM PDT 7th CPC Gazette Notification is expected early next week – AIRF Finance Ministry to notify 7th Pay Commission soon There should not be any doubt that salary for the month of July onward will be based on 7th CPC recommendations approved by the government on 29th June, 2016 with only change that, all the allowances, as admissible at present, will continue till report of various committees set up for different purposes are finalized. Gazette Notification for the same is expected today or early next week……. AIRF All India Railwaymen's Federation No.AIRF/405(VII CPC) Dated: July 8, 2016 The General Secretaries, All Affiliated Unions, Dear Comrades, Unwanted queries are being pouring in this office; regarding payment of 7th CPC based salaries from current month or otherwise. There should not be any doubt that salary for the month of July onward will be based on 7th CPC recommendations approved by the government on 29th June, 2016 with only change that, all the allowances, as admissible at present, will continue till report of various committees set up for different purposes are finalized. Gazette Notification for the same is expected today or early next week. Please disseminate this information down the line, so that direct queries from AIRF Office should stop. Source : www.airfindia.com 7th Pay Commission Recommendation on CGEGIS was not accepted by Government Posted: 08 Jul 2016 08:13 PM PDT 7th Pay Commission Recommendation on CGEGIS was not accepted by Government 7th Pay Commission Recommendation on CGEGIS was not accepted by Govt. CGEGIS in the present form continues – CGEGIS Monthly subscription rates remain same 7th CPC Recommendation on CGEGIS is not accepted by Govt, present rate will continue. Present Rates of CGEGIS Group Monthly Deduction (Rs.) Insurance Amount (Rs.) No. of Units (for Savings) A 120 1,20,000 8 B 60 60,000 4 C 30 30,000 2 The 7th Pay Commission had recommended the following rates for Central government Employees Group Insurance Scheme (CGEGIS). The subscription amount has been increased considerably to increase the Insurance amount. Level of Employee Monthly Deduction (Rs.) Insurance Amount (Rs.) 10 and above 5000 50,00,000 6 to 9 2500 25,00,000 1 to 5 1500 15,00,000 This has been objected by NCJCM in its memorandum. It demanded to reduce the monthly deduction as it is much higher than the Premium rates available for Term life Insurance in Open Market. The Central Government accepted this demand and rejected this recommendation and asked Ministry of Finance to work out a customized group insurance scheme for Central Government Employees with low premium and high risk cover. The Press release issued by the Central Government says, " The Cabinet also decided not to accept the steep hike in monthly contribution towards Central Government Employees Group Insurance Scheme (CGEGIS) recommended by the Commission. The existing rates of monthly contribution will continue. This will increase the take home salary of employees at lower levels by Rs. 1470. However, considering the need for social security of employees, the Cabinet has asked Ministry of Finance to work out a customized group insurance scheme for Central Government Employees with low premium and high risk cover." Now the existing rate of CGEGIS is as under:- Group Monthly Deduction (Rs.) Insurance Amount (Rs.) No. of Units (for Savings) A 120 1,20,000 8 B 60 60,000 4 C 30 30,000 2 GPF Interest Rate – Resolution issued by Ministry of Finance Posted: 08 Jul 2016 07:52 PM PDT GPF Interest Rate – Resolution issued by Ministry of Finance (PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA) F.No. No.5( 1 )-B (PD)/2016 Govemment of India Ministry of Finance Department of Economic Affairs (Budget Division) New Delhi, Dated the 30th June, 2016 RESOLUTION It is announced for general information that during the year 2016-17, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.1% (Eight point one per cent) w.e.f. 1st July, 2016 to 30th September, 2016. This rate will be in force w.e.f. 1st July, 2016. The funds concerned are: 1. The General Provident Fund (Central Services). 2. The Contributory Provident Fund (India). 3. The All India Services Provident Fund. 4. The State Railway Provident Fund. 5. The General Provident Fund (Defence Services). 6. The India Ordinance Departrnent Provident Fund 7. The Indian Ordinance Factories Workmen's Provident Fund. 8. The Indian Naval Dockyard Workmen's Provident Fund. 9. The Defence Services Officers Provident Fund. 10. The Armed Forces Personnel Provident Fund. 2. Ordered that the Resolution be published in Gazette of lndia. sd/- (H.K. Srivastav) Director (Budget) Click Here to Download the Original Order : Finmin This posting includes an audio/video/photo media file: Download Now NJCA need to Clarify the Doubts over 7th CPC Issues Posted: 08 Jul 2016 07:35 PM PDT NJCA need to Clarify the Doubts over 7th CPC Issues No clarity in the Press Statements of both Government and NJCA on 7th CPC issues The six days Drama was come to an end yesterday. After the Union Cabinet Approved the implementation of 7th CPC Recommendations on 29th June 2016, a Meeting of NJCA leaders held on the next day on 30th June 2016. After the NJCA Meeting, some Leaders met the Group of Ministers at Home Minister's Residence. It is said to be an informal meeting, so no any official announcement was made by Govt regarding this Meeting. But NJCA leaders told that GOM assured that they would refer this issue to a committee to review. The same day, SRMU has declared that the Indefinite Strike is postponed based on the Govt assurance. From that day onwards there was lot of drama going on day to day over the issues of 7th CPC and Indefinite Strike As per schedule the NJCA Leaders met on 6th July 2016 to decide on future course of Action. But the meeting was ended with a decision to postpone the Strike Action. Finally, the Six Days confusion come to an end on 6th July after NJCA and Ministry of Finance issued Press Statements. But Still there is no Clarity in these press statements on the following issues. 1. When will Notification for implementation of 7th CPC recommendations be published? 2. When will the CG Employees get 7th CPC salary.? 3. Why all allowances including HRA and TA referred to committee? 4. When will the revised rate of HRA and TA come into effect? 5. Does the NJCA really believe the proposed committee will recommend to increase Minimum Pay and Fitment Factor…? 6. If they believe so, why didn't they say anything about the date on which the 7th CPC come into force…? 7. If 7th CPC comes into force from this Month, Does the NJCA believe the Minimum Pay and Fitment factor will be increased after four months? 8. Do the Govt and NJCA assure No Committee will be formed after four months…? The NJCA has to clarify all these doubts to Central Government employees. If you have any other doubts, please comment. Source : http://govtstaffnews.in/ You are subscribed to email updates from CENTRAL GOVERNMENT EMPLOYEES NEWS. To stop receiving these emails, you may unsubscribe now. 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