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DA for Bank Employees from Nov 2024 to Jan 2025 as per 12th BPS– IBA ORDER

DA for Bank Employees from Nov 2024 to Jan 2025 as per 12th BPS– IBA ORDER

HR & Industrial Relations

No.CIR/HR&IR/76/D/2024-25/1550
November 7, 2024

All Members of the Association
(Designated Officers)

Dear Sir/ Madam,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November 2024, December 2024 and January 2025 under XII BPS/ 9th Joint Note dated 08.03.2024

The confirmed All India Average Consumer Price Index for Industrial Workers (Base 2016= 100) for the quarter ended September 2024 are as follows:-

July 2024 – 142.7
August 2024 – 142.6
September 2024 – 143.3

The average CPI of the above is 142.86 and accordingly the number of points over 123.03 are 19.83 (142.86 – 123.03) The last average quarterly CPI was 140.23. Hence, there is an increase of 2.63 points for November 2024, December 2024 & January 2025.

In terms of clause 13 of the 12th Bipartite Settlement dated 08.03.2024 and clause 2 (i) of the Joint Note dated 08.03.2024, the rate of Dearness Allowance payable to Workmen and Officer employees for the months of November 2024, December 2024 & January 2025 shall be 19.83% of pay‘ (0.01 % change in DA on ‘pay’ for change in every second decimal place of CPI 2016 over 123.03 points)

Yours faithfully,

Brajeshwar Sharma
Senior Advisor (HR&IR)

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6th CPC DA Order from July 2024 for CG Employees and Autonomous Bodies: FINMIN Released O.M

6th CPC DA Order from July 2024 for CG Employees and Autonomous Bodies: FINMIN Released O.M

No. 1/6(1)/2024-E.II(B)
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi
Dated the 7th November, 2024

OFFICE MEMORANDUM

Subject: Revision of Dearness Allowance to the employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pay scale/Grade Pay as per 6th Central Pay Commission

The undersigned is directed to refer to this Department’s O.M. No. 1/3(1)/2008-E.II(B) dated 3rd June, 2024 on the subject mentioned above and to say that the rate of Dearness Allowance (DA) in respect of employees of Central Government and Central Autonomous Bodies, who are continuing to draw their pay in the pre-revised pay scale/Grade Pay as per 6th Central Pay Commission, shall be enhanced from the existing rate of 239% to 246% of Basic Pay w.e.f. 01.07.2024.

Also Read: DA from July 2024 : FinMin released O.M

2. The provisions contained in paras 3, 4 and 5 of this Ministry’s 0.M.No.1(3)/2008-E.II(B) dated 29th August, 2008 shall continue to be applicable while regulating Dearness Allowance under these orders.

3. The contents of this Office Memorandum may also be brought to the notice of all organisations under the administrative control of the Ministries/Departments which have adopted the Central Government scales of pay.

4. This issues with the approval of Competent Authority.

(Abhimanyu Sahoo)
Deputy Secretary to the Government of India

To
All Ministries/Departments of the Govt. of India (as per standard distribution list)
Copy to: C&AG, UPSC, etc.(as per standard endorsement list).

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Also Read: 5th CPC DA Order from July 2024 for CG Employees and Autonomous Bodies: FINMIN Released O.M

5th CPC DA Order from July 2024 for CG Employees and Autonomous Bodies: FINMIN Released O.M

5th CPC DA Order from July 2024 for CG Employees and Autonomous Bodies: FINMIN Released O.M

No. 1/6(2)/2024-E.II(B)
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi
Dated the 7th November, 2024

OFFICE MEMORANDUM

Subject: Revision of rates of Dearness Allowance to the employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pay scale as per 5th Central Pay Commission

The undersigned is directed to refer to this Department’s O.M. No. 1/3(2)/2008-E.II(B) dated 3rd June, 2024 on the subject mentioned above and to say that the rate of Dearness Allowance (DA) in respect of employees of Central Government and Central Autonomous Bodies, who are continuing to draw their pay in the pre-revised pay scale as per 5th Central Pay Commission, shall be enhanced from the existing rate of 443% to 455% of Basic Pay w.e.f. 01.07.2024.

Also Read: DA from July 2024 : FinMin released O.M

2. The provisions contained in paras 3, 4 and 5 of this Ministry’s O.M.No.1(13)/97-E.II(B) dated 3rd October, 1997 shall continue to be applicable while regulating Dearness Allowance under these orders.

3. The contents of this Office Memorandum may also be brought to the notice of all organisations under the administrative control of the Ministries/Departments which have adopted the Central Government scales of pay.

4. This issues with the approval of Competent Authority.

(Abhimanyu Sahoo)
Deputy Secretary to the Government of India

To

All Ministries/Departments of the Govt. of India (as per standard distribution list)
Copy to: C&AG, UPSC, etc.(as per standard endorsement list).

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One Rank One Pension : Key Features

A Landmark Initiative Celebrating 10 Years of Tribute to the Nation’s Heroes

On this day, One Rank One Pension was implemented. This was a tribute to the courage and sacrifices of our veterans and ex-service personnel who dedicate their lives to protecting our nation. The decision to implement OROP was a significant step towards addressing this long-standing demand and reaffirming our nation’s gratitude to our heroes.

-PM Narendra Modi

In a historic move to address long-standing disparities in pension benefits, India launched the One Rank One Pension (OROP) scheme, a decision that would change the lives of its military veterans. For years, veterans had fought not just on the battlefield, but also for equal recognition in their post-service lives, particularly when it came to pension benefits. With the introduction of OROP, the government took a bold step to ensure that soldiers who had served the nation with unwavering dedication would be treated fairly.

This initiative marked a momentous commitment to honor the sacrifices and service of those who had protected the country, promising them the respect and financial security they deserved.

As OROP completes the 10 years in 2024, it is essential to reflect on the immense benefits the scheme has brought to the armed forces community. The initiative has not only bridged the pension gap between current and past retirees but also reinforced the nation’s dedication to the well-being of its veterans. By bringing equity and fairness to pensionary benefits, OROP has played a crucial role in fortifying the bond between the Indian government and its military personnel.

The introduction of OROP has proven to be a game-changer for lakh of ex-servicemen and their families, ensuring that military personnel are treated with the respect they deserve throughout their post-retirement lives.

Overview of One Rank One Pension

At its core, One Rank One Pension (OROP) is a simple yet profound idea: that military personnel retiring in the same rank and with the same length of service should receive the same pension, regardless of their date of retirement. The principle addresses the disparity in pension benefits faced by former soldiers due to inflation, changes in pay scales, and the evolving nature of service conditions over time.

The scheme directly benefits the ex-servicemen and their families by ensuring that the pension gap between current and retired personnel is bridged periodically. The successful implementation of OROP in 2014 was not only a policy shift but a significant gesture of the government’s gratitude and respect towards those who served the nation.

Key Features of the OROP Scheme

The OROP order issued by the government on November 7, 2015, brought into effect a uniform pension system for all retired defense personnel, ensuring that the same rank with the same length of service would get equal pension benefits. The policy’s primary elements include:

  1. Re-fixation of Pensions: The pension of all past pensioners is re-fixed based on the pensions of personnel who retired in 2013, starting from July 1, 2014. This created a new benchmark for pensions, with all retirees getting equal benefits for their service.
  2. Periodic Revision: The pension is to be re-fixed every five years, ensuring that it continues to reflect changes in the pay and pension structure.
  3. Arrears Payments: Arrears of pension were to be paid in equal half-yearly installments, although the arrears for family pensioners and gallantry awardees were paid in a single installment.
  4. Safeguarding Above-Average Pension: For personnel drawing pensions higher than the average, their pensions are protected, ensuring that they do not lose out on the benefits of OROP.
  5. Inclusive of All Ex-Servicemen: The order covered all personnel who retired up to June 30, 2014, and provided a robust framework for revising pensions for all ranks, including family pensioners.

Addressing a Long-Standing Demand

The demand for One Rank One Pension (OROP) had been a longstanding issue, lingering for over 40 years. Several government committees and commissions had examined the matter, but each time, the proposal was dismissed, mainly due to financial constraints and administrative complexities. The 3rd Central Pay Commission was the first to address the issue in a comprehensive way, recommending weightages in qualifying service for pensions. Over the years, committees like the K.P. Singh Dev Committee (1984) and the Sharad Pawar Committee (1991) also studied the matter but failed to offer a definitive solution. Despite these setbacks, the demand remained persistent, with the Standing Committee on Defence and other forums continuing to advocate for its implementation.

By the time of the 16th Lok Sabha and under the leadership of Prime Minister Narendra Modi, the government decided to honor the demands of ex-servicemen. The 2014 Budget allocated ₹1,000 crore for its implementation, and after extensive consultations, the Government Order was passed on November 7, 2015, covering all personnel who had retired until June 30, 2014.

mpact on Veterans and Their Families

The OROP scheme has benefitted over 25 lakh veterans and their families, bringing much-needed financial security to the ex-servicemen community. The scheme has not only improved the standard of living for retired military personnel but has also ensured greater dignity for their service to the nation. For many veterans, this was a long-awaited recognition of their contributions, bridging the gap between their sacrifices and the rewards they received post-retirement.

OROP has also had significant social and emotional value. It has contributed to a stronger bond between the Indian government and its military veterans, signaling the nation’s commitment to those who serve and protect its sovereignty. For the families of soldiers, many of whom live with the sacrifices of their loved ones, this policy brought a sense of fulfillment and acknowledgment.

Looking Ahead: OROP’s Continued Relevance

On this day, when OROP was implemented a decade ago, it is important to recognize the continuing significance of this policy for the defense forces. As Prime Minister Modi emphasized, the OROP scheme is not just about pensions but is an affirmation of the government’s dedication to strengthening the armed forces and enhancing the welfare of those who have selflessly served the nation.

The re-fixation of pensions every five years ensures that the scheme remains adaptable to the evolving needs of ex-servicemen and their families. It also continues to be a powerful symbol of the government’s commitment to addressing the concerns of its military personnel, many of whom are at the forefront of protecting India’s borders and interests.

In conclusion, as we reflect on the impact of One Rank One Pension, it is clear that the policy has provided much-needed relief and recognition to India’s veterans. With continued refinements and periodic revisions, OROP promises to remain a cornerstone of the nation’s support for its armed forces, ensuring that the heroes who safeguard India’s sovereignty are honored, respected, and cared for long after they have hung up their uniforms.

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One Rank One Pension Scheme is a tribute to the courage and sacrifices of veterans and ex-service personnel: Prime Minister

One Rank One Pension (OROP) scheme is a tribute to the courage and sacrifices of our veterans and ex-service personnel: Prime Minister

OROP represents the government’s commitment to the well-being of our armed forces: PM

The Prime Minister, Shri Narendra Modi marking ten years of One Rank One Pension (OROP) scheme today said it was a tribute to the courage and sacrifices of our veterans and ex-service personnel who dedicate their lives to protecting our nation. He added that the decision to implement OROP was a significant step towards addressing this long-standing demand and reaffirming our nation’s gratitude to our heroes. Shri Modi assured that the Government will always do everything possible to strengthen our armed forces and further the welfare of those who serve us.

Shri Modi in a thread post on social media platform ‘X’ wrote:

“On this day, #OneRankOnePension (OROP) was implemented. This was a tribute to the courage and sacrifices of our veterans and ex-service personnel who dedicate their lives to protecting our nation. The decision to implement OROP was a significant step towards addressing this long-standing demand and reaffirming our nation’s gratitude to our heroes.”

“It would make you all happy that over the decade, lakhs of pensioners and pensioner families have benefitted from this landmark initiative. Beyond the numbers, OROP represents the government’s commitment to the well-being of our armed forces. We will always do everything possible to strengthen our armed forces and further the welfare of those who serve us. #OneRankOnePension”

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Cabinet approves PM-Vidyalaxmi scheme to provide financial support to students

Cabinet approves PM-Vidyalaxmi scheme to provide financial support to meritorious students so that financial constraints do not prevent any youth of India from pursuing quality higher education

  • A mission mode mechanism will facilitate and drive the extension of education loans to meritorious students who get admission in the top 860 quality higher educational institutions of the nation, translating to covering more than 22 lakh students every year
  • A special loan product will enable for collateral free, guarantor free education loans; made accessible through a simple, transparent, student-friendly and entirely digital application process
  • Loan amounts up to ₹ 7.5 lakhs will be provided a 75% credit guarantee by the Government of India, to support banks to expand coverage
  • Furthermore, for students with up to Rs. 8 lakhs annual family income, the scheme will also provide for 3% interest subvention on loans up to Rs 10 lakh
  • This is in addition to the full interest subvention already offered to students with up to Rs. 4.5 lakhs annual family income
  • PM Vidyalaxmi will build on the scope and reach of initiatives taken over the last decade for maximizing access to quality higher education for the youth

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved PM Vidyalaxmi, a new Central Sector scheme that seeks to provide financial support to meritorious students so that financial constraints do not prevent anyone from pursuing higher studies. PM Vidyalaxmi is another key initiative stemming out of the National Education Policy, 2020, which had recommended that financial assistance should be made available to meritorious students through various measures in both public and private HEIs. Under the PM Vidyalaxmi scheme, any student who gets admission in quality Higher Education Institution (QHEIs) will be eligible to get collateral free, guarantor free loan from banks and financial institutions to cover full amount of tuition fees and other expenses related to the course. The scheme will be administered through a simple, transparent and student-friendly system that will be inter-operable and entirely digital.

The scheme will be applicable to the top quality higher educational institutions of the nation, as determined by the NIRF rankings – including all HEIs, government and private, that are ranked within the top 100 in NIRF in overall, category-specific and domain specific rankings; state government HEIs ranked in 101-200 in NIRF and all central government governed institutions. This list will be updated every year using the latest NIRF ranking, and to begin starts with 860 qualifying QHEIs, covering more than 22 lakh students to be able to potentially avail benefits of PM-Vidyalaxmi; if they so desire.

For loan amount up to ₹ 7.5 lakhs, the student will also be eligible for a credit guarantee of 75% of outstanding default. This will give support to banks in making education loans available to students under the scheme.

In addition to the above, for students having an annual family income of up to ₹ 8 lakhs, and not eligible for benefits under any other government scholarship or interest subvention schemes, 3 percent interest subvention for loan up to ₹ 10 lakhs will also be provided during moratorium period. The interest subvention support will be given to one lakh students every year. Preference will be given to students who are from government institutions and have opted for technical/ professional courses. An outlay of ₹ 3,600 Crore has been made during 2024-25 to 2030-31, and 7 lakh fresh students are expected to get the benefit of this interest subvention during the period.

The Department of Higher Education will have a unified portal “PM-Vidyalaxmi” on which students will be able to apply for the education loan as well as interest subvention, through a simplified application process to be used by all banks. Payment of interest subvention will be made through E-voucher and Central Bank Digital Currency (CBDC) wallets.

PM Vidyalaxmi will build on and further enhance the scope and reach of the range of initiatives undertaken by the Government of India over the past decade in the domains of education and financial inclusion, for maximizing access to quality higher education for the youth of India. This will supplement the Central Sector Interest Subsidy (CSIS) and Credit Guarantee Fund Scheme for Education Loans (CGFSEL), the two component schemes of PM-USP, being implemented by the Department of Higher Education. Under the PM-USP CSIS, students with annual family income up to ₹ 4.5 lakhs and pursuing technical/ professional courses from approved institutions get full interest subvention during moratorium period for education loans up to ₹ 10 lakhs. Thus, PM Vidyalaxmi and PM-USP will together provide holistic support to all deserving students to pursue higher education in quality HEIs and technical/ professional education in approved HEIs.

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AICPIN for September 2024: Expected DA from Jan 2025

AICPIN for September 2024: Expected DA from Jan 2025

GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

Shram Bureau Bhawan, Block No. 2,
Institutional Area, Sector 38 (West),
Chandigarh – 160036
Dated: 04.11.2024

F.No. 5/1/2021-CPI

Press Release

Consumer Price Index for Industrial Workers (2016=100) – September, 2024

1.Labour Bureau, an attached office of the M/o Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index for the month of September, 2024 is being released in this press release.

2.The All-India CPI-IW for September, 2024 increased by 0.7 point and stood at 143.3 (one hundred forty three point three).

3.Year-on-year inflation for the month of September, 2024 stood at 4.22% as compared to 4.72% in September, 2023.


Also Check

DA Calculator from Jan 2025

DA Calculation Sheet


Y-o-Y Inflation based on CPI-IW (General)

4. All-India Group-wise CPI-IW for August, 2024 and September, 2024:

Sr. No. Groups August, 2024 September, 2024
IFood & Beverages 149.7151.3
IIPan, Supari, Tobacco & Intoxicants161.9 162.3
IIIClothing & Footwear145.0 145.5
IVHousing 131.6 131.6
VFuel & Light148.9148.8
VIMiscellaneous136.9137.4
 General Index 142.6 143.3

CPI-IW: Groups Indices

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Deputation Vacancies in Competition Commission of India (CCI): Professional Staff and Admin Staff Recruitment

Deputation Vacancies in Competition Commission of India (CCI): Professional Staff and Admin Staff Recruitment

The Competition Commission of India (CCI) has announced multiple vacancies for deputation posts across various positions, offering opportunities for experienced professionals in public sector organizations, central and state governments, and autonomous bodies.

Job Details

How to Apply

Applications, complete in all respects, of eligible and willing candidates whose services can be spared immediately on selection, may be forwarded, through proper channel, in the prescribed Pro-forma as per Annexure-III, together with all necessary documents i.e. Cadre Clearance, Vigilance Clearance, Integrity Certificate, along with attested copies of upto-date APARs of last five years, so as to reach the

Deputy Director (HR),
Competition Commission of India,
9th Floor, Office Block-1, Kidwai Nagar (East),
New Delhi-110023

Age Limit

The maximum age limit for appointment on deputation basis shall be not exceeding 56 years as on the closing date of receipt of applications by CCI.

Important Dates

Last date to Apply : 17th December, 2024 (5:00 P.M.).

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DOPPW guidelines for including Daughter’s name in Family Member Records of Government Servants/Pensioners

DOPPW guidelines for including Daughter’s name in Family Member Records of Government Servants/Pensioners

11/15/2022-P&PW(II)-8363 (II)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Pension and Pensioners’ Welfare

3rd Floor, Lok Nayak Bhawan,
Khan Market, New Delhi-110 003
Date: 30-10-2024

OFFICE MEMORANDUM

Subject: Clarification on deletion of name of daughter from the family details of a Central Government pensioner.

The undersigned is directed to say that the Department of Pension and Pensioners’ Welfare has notified the Central Civil Services (Pension) Rules, 2021 in supersession of the Central Civil Service (Pension) Rules, 1972.

2. Rule 50 (15) of the CCS (Pension) Rules, 2021 provides that as soon as a Government servant enters Government service, he shall give details of his family in Form 4 to the Head of Office, which shall include all relevant details relating to spouse, all children, parents and disabled siblings (whether or not eligible for family pension). This Rule further provides that the Government servant shall submit the up to date details of the family in Form 4 again along with the pension papers, before retirement from Government service.

3. References were received seeking clarification in respect of deletion of name of the daughter from the details of family members after retirement of the Government servant.

Also Read: DOPPW Orders 2024

4. It has been clarified by this Department vide OM No. 3(2)/2022-P&PW(11)-7942 dated 07-10-2022 that the Government servant/pensioner shall submit details of all member of family whether or not eligible for family pension. The daughter is deemed to be a member of the family of Government servant as and when intimated by the Government servant in the prescribed proforma. Hence, the name of the daughter shall remain included in the details of family members. The eligibility for family pension would be decided after demise of pensioner/family pensioners in accordance with the existing rules.

5. All Ministries/Departments are requested that the above provisions may be brought to the notice of the personnel dealing with the pensionary benefits in the Ministry/Department and attached/subordinate offices thereunder for compliance.

(Subhash Chander)
Under Secretary to the Govt. of India

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DOPPW conducting Nationwide Digital Life Certificate Campaign 3.0 from 1st to 30th November, 2024

Department of Pension & Pensioners’ Welfare is conducting Nationwide Digital Life Certificate Campaign 3.0 from 1st to 30th November, 2024

  • Camps to be held at 800 Districts/Cities across the country, Largest ever DLC Campaign
  • To promote Digital Empowerment of Pensioners using Face Authentication technology
  • Saturation model adopted to achieve 2 crore DLCs with 1 crore Face Authenticated DLCs
  • 19 Banks, 785 District Post offices, 57 Welfare Associations, Ministry of Electronics and Information Technology & UIDAI teams, CGDA to collaborate in the month-long campaign

Department of Pension & Pensioners’ Welfare has launched the 3rd Nation-wide Digital Life Certificate campaign which is being held in 800 cities/ Districts across India from November 1-30, 2024. The department has notified the guidelines through O.M. dated 9th August, 2024. This is the biggest-ever DLC Campaign undertaken.

The Campaign is being held in collaboration with Pension Disbursing Banks, India Post Payments Bank, Pensioners’ Welfare Associations, CGDA, DoT, Railways, UIDAI & Ministry of Electronics and Information Technology with the aim of reaching all the pensioners in the remotest corners of the country.

The focus is majorly on promoting Face Authentication Technology. Ministry of Electronics and Information Technology and UIDAI will provide technical support during this Campaign. Face Authentication has been made more seamless and convenient for the elderly Pensioners and can be used on Android as well as iOS.

DD, AIR and PIB teams are actively geared up to provide full support to this campaign for Audio, Visual and Print publicity. Outreach efforts will be further complemented by SMSs, tweets (#DLCCampaign3), Jingles and Short films to spread awareness about the campaign.

The total DLCs generated on 1st November, 2024, by evening, were 1.81 lakhs.

PIB

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