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DA for Bank Employees from Nov 2018 – IBA Circular

DA for Bank Employees from Nov 2018 – IBA Circular

Indian Banks’ Association

HR & Industrial Relations

No.CIR/HR&IR/76/D/2018-19/6194
November 1, 2018

All Members of the Association
(Designated Officers)

Dear Sirs,

Dearness Allowance for Workmen and Officer Employees in banks for the months of November, December 2018 & January 2019 under X BPS/ Joint Note dated 25.5.2015

The confirmed All India Average Consumer Price Index Numbers for Industrial Workers (Base 1960=100) for the quarter ended September 2018 are as follows:-

July 2018 – 6870.60
Aug 2018 – 6870.60
Sep 2018 – 6870.60

The average CPI of the above is 6871 and accordingly the number of DA slabs are 607 (6871-4440= 2431/4= 607 Slabs) The last quarterly Payment of DA was at 541 Slabs. Hence there is an increase in DA slabs of 66, i.e 607 Slabs for payment of DA for the quarter Nov, Dec 2018 and January 2019

In terms of clause 7 of the 10th Bipartite Settlement dated 25.05.2015 and clause 3 of the Joint Note dated 25.05.2015, the rate of Dearness Allowance payable to workmen and officer employees for the months of Nov, Dec 2018 & January 2019 shall be 60.7 % of ‘pay’. While arriving at dearness allowance payable, decimals from third place may please be ignored.

Yours faithfully,

S K.Kakkar
Senior Advisor (HR&IR)

Signed Copy

DA Calculation Sheet for Bank Employees

Haryana Government Employees need to submit property return through online

Haryana Government Employees need to submit property return through online

Haryana Government has decided that all government employees Class I, II and III would submit their property return online for the financial year 2017-18. The deadline for the submission of online property returns is April 30th of every year Financial Year.

While giving this information today, an official spokesman said that the site for filing the property return is http://intrahry.gov.in. The detail instructions for filing the online property return is also available on the site.

He said that the departments could monitor the employees property return submission status on website http://hrmshry.nic.in with the departmental administrator user. Thus, all departments have been directed to nominate their departmental HRMS nodal officers so that the employees concerned could contact them for any clarification.

West Bengal GPF Interest Rate from Oct 2018

West Bengal GPF Interest Rate from Oct 2018

GOVERNMENT OF WEST BENGAL
FINANCE DEPARTMENT
Audit Branch
WRITERS’ BUILDINGS, KOLKATA – 700 001

No. 4011-F(J)-W.B.

Dated : Kolkata, the 1st November, 2018.

RESOLUTION

The Governor is pleased to decide that during the period from 01.10.2018 to 31.12.2018, accumulation at the credit of the subscribers to General Provident Fund and other similar funds under the administrative control of the Government of West Bengal shall carry interest at the rate of 8% (eight percent) per annum. The rate will be in force during this financial year for the period from 01.10.2018 to 31.12.2018. The funds concerned are :-

i) General Provident Fund (West Bengal Service).
ii) Contributory Provident Fund (West Bengal).
iii) Provident Funds maintained under the West Bengal Non-Government Educational Institutions and Local Authorities (CPFE) Act, 1983.
iv) Any other Provident Fund maintained under State Account with the approval of this Government.

2. Ordered that the resolution be forwarded to all Departments of the Government of West Bengal and published in Kolkata Gazette.

By order of the Governor

sd/-K.K.Banerjee
Deputy Secretary to the
Government of West Bengal

Signed Copy

Treasury Fixed Deposits Interest Rate – Kerala G.O

Treasury Fixed Deposits – Interest Rate – Kerala G.O

GOVERNMENT OF KERALA

Abstract

Treasury Fixed Deposits – Revision of rates of interest – Sanctioned – Orders issued

FINANCE (STREAMLINING) DEPARTMENT

G.0(P) No.167/2018/Fin

Dated, Thiruvananthapuram

30th October, 2018.

Read :- (i) G.0.(P)No.77/2014/Fin dated 22.2.2014.
(ii) G.0. (P) No.385/2014/Fin dated 5.9.2014.
(iii) G.O.(P) No.156/2015/Fin dated 29.4.2015.
(iv) G.0.(P)No.25/2017/Fin, dated 21.02.2017.

ORDER

Government are pleased to revise the rates of interest on deposits in the Treasuries with effect from 1.11.2018 as given below :-

Sl No Item Existing Rate (%) p.a. Revised Rate (%) p.a.
General Senior Citizens General Senior Citizens
1 180 days and above but  below 1 year 7.00 7.50 7.00 7.50
2 1 year and above 8.50 9.00 8.00 8.50

BY ORDER OF THE GOVERNOR
SANJEEV KAUSHIK IAS
Principal Secretary (Finance – Resources)

Signed Copy

Check Latest Kerala Government Orders

Kerala G.O : Constitution of a committee to monitor the NPS related activities of all State Autonomous Bodies in Kerala

Kerala G.O : Constitution of a committee to monitor the NPS related activities of all State Autonomous Bodies in Kerala

GOVERNMENT OF KERALA

Abstract

Finance Department — Implementation of National Pension System in PSUs/Autonomous Bodies/Boards/Universities- Constitution of a committee to monitor the NPS related activities of all State Autonomous Bodies in Kerala — Orders issued.

FINANCE (NPSC) DEPARTMENT

GO(P)No.164/2018/Fin. Dated, Thiruvananthapuram, 23.10.2018

Read: 1. GO(P) No.441/2012/Fin dated:08.08.2012.
2. GO(P) No.135/2014/Fin dated:08.04.2014.

ORDER

As per the Government order read as 2nd paper above, Government have implemented National Pension System (NPS) in all PSUs/Autonomous, Bodies/Boards/Universities w.e.f 1.4.2013, where pensionary benefits as on 31.03.2013 are applicable as per Part III of Kerala Service Rules. In the conference of State Governments held on 10th) September 2018 at India Habitat Centre, New Delhi organized by PFRDA, to discuss various policy/operational/product related issues pertaining to the implementation of NPS for State Government employees, it has been directed to constitute a committee to monitor the NPS related activities of the State Autonomous Bodies in all states.

2. Therefore, Government are pleased to constitute a committee chaired by the Secretary (Finance Expenditure) to monitor the NPS related activities of the State Autonomous Bodies in Kerala. The following officials from Finance Department will be the members of the committee.

(i) Additional Secretary (Pension)
(ii) Joint Secretary (National Pension System)
(iii) Joint Secretary (Public Undertaking)
(iv) Deputy Secretary (Pension)

The above committee will periodically review the NPS related activities of the State Autonomous Bodies in Kerala.

BY ORDER OF THE GOVERNOR,
K RAJASREE,
ADDITIONAL SECRETARY (FINANCE).

Signed Copy

Interest free Festival Advance 2018-19 to Class IV Haryana Government Employees

Interest free Festival Advance 2018-19 to Class IV Haryana Government Employees

No.36/1/2010-WM(6)

From

The Additional Chief Secretary to Government Haryana,
Finance Department.

To

1. All Head of Departments,
Commissioner of Divisions, All Deputy Commissioners &
Sub Divisional Officers (Civil) in Haryana.

2. The Registrar, Punjab & Haryana High Court, Chandigarh &
All District & Session Judges in Haryana.

Dated Chandigarh, the 29th October, 2018.

Subject : Grant of interest free Festival Advance to Class IV Government employees during the year 2018-19.

Sir,

With reference to subject noted above, I am directed tc say that the State Government has decided to grant an interest free festival advance of Rs.7000/- (Rs. Seven thousand only) to all Class-IV Government employees in the State who apply for it.

2. The advance will be admissible to permanent/temporary Class-IV employees and to those adhoc employees who are continuing in service for the last one year and will likely to continue for another foLr months, on furnishing surety of a permanent Government employee. The advance will be sanctioned by the Drawing & Disbursing Officers concerned. In case of temporary employees, allow festival advance on the basis of a surety to their satisfaction so that it will be fully secured and its recovery will be ensured from the loanee before the close of the financial year 2018-19.

3. The following conditions should also be observed n sanctioning this advance:

i) The Drawing & Disbursing officer concerned, before sanctioning the advance, should satisfy himself that the incumbent will continue in service until full recovery of the total amount of the advance is effected.

ii) The advance will be recovered in four equal monthly instalments and the entire advance should be recovered from the pay cf the employees before the close of the financial year 2018-19.

ii) The advance may be drawn and disbursed on or before 06.11.2018.

iv) The advance will not be admissible to work charged & contingent paid staff and daily wagers.

v) The advance should not be granted by parent Departments to those Class-IV employees who are on deputation to other Government/Corporations and Local Bodies etc.

vi) If both husband and wife are employed, the advance should be allowed to only one of them.

4. It is requested that the Schedule of Recoveries should be attached with each bill in the enclosed Performa-I. It is also requested that the detailed accounts of the recoveries of the advance should be maintained by the Drawing and Disbursing Officers which should be reconciled with the office of the Accountant General, Haryana (A&E) Chandigarh every month.

5. The expenditure incurred on the grant of festival advance may be communicated to the Finance Department (in Ways & Means Br.) by the Head of Departments by the end of December, 2018 positively in the enclosed Performa-II.

6. The expenditure will be debited to the Major Head, “7610-Loans to Government Servants. etc-800-Other Advances (98) Festival Advances 49-Advances’. The recoveries made will be credited to the corresponding receipt head i.e.”7610-Loans to Government Servants etc. 800-Other Advances-(98) festival Advances (Receipt).

Copy of this letter can he down loaded from the site www.finhry.gov.in.

Yours faithfully

Joint Secretary Finance
for Additional Chief Secretary to Govt. Haryana
Finance Department

Signed Copy

 

Grant of Paid holiday on the day of poll : General Election in Chhattisgarh, MP, Rajasthan, Mizoram and Telangana, 2018

Grant of Paid holiday on the day of poll : General Election in Chhattisgarh, MP, Rajasthan, Mizoram and Telangana, 2018

F.No.12/3/2016-JCA-2
Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel & Training)
Establishment (JCA-2) Section

North Block, New Delhi
Dated the November 1, 2018

OFFICE MEMORANDUM

Subject: General Election to the Legislative Assemblies of Chhattisgarh, Madhya Pradesh, Rajasthan, Mizoram and Telangana, 2018 – Grant of Paid holiday on the day of poll – regarding

The undersigned is directed to state that, as informed by the Election Commission of India vide their letter No. 78/EPS/2018/992 dated 18.10.2018, General Election to the Legislative Assemblies in the following States are to be held as mentioned against each:

S.No. Legislative Assemblies Date/Day
1. Chhattisgarh Phase-I 12.11.2018 (Monday)
2. Chhattisgarh Phase-II 20.11.2018 (Tuesday)
3. Madhya Pradesh 28.11.2018 (Wednesday)
4. Mizoram 28.11.2018 (Wednesday)
5. Rajasthan 07.12.2018 IFriday)
6. Telagana 07.12.2018 (Friday)

2. The guidelines already issued by this Department vide OM No. 12/14/99-JCA dated 10.10.2001 would have to be followed for the Central Government Offices, Including industrial establishments, in the concerned States.

3. The above instructions may please be brought to the notice of all concerned.

(Raju Saraswat)
Under Secretary (JCA)

Signed Copy

Also Read : Latest DOPT Orders

Ad-hoc bonus for 30 days to the Group ‘C’ & ‘D’ RPF/RPSF personnel for 2017-18

Ad-hoc bonus for 30 days to the Group ‘C’ & ‘D’ RPF/RPSF personnel for 2017-18

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)

RBE No. 170/2018
New Delhi, dated 31.10.2018

No.E(P&A)II-2018/Bonus-1

The General Managers/CAOs (R),
All Indian Railways & Production Units.
(As per mailing list).

Subject : Grant of ad-hoc bonus for 30 days to the Group ‘C’ & ‘D’ RPF/RPSF personnel for the financial year 2017-2018.

*****

The President is pleased to decide that all Group ‘C’ & ‘D’ RPF/RPSF personnel, may be granted ad-hoc bonus equivalent to 30 (thirty) days emoluments for the financial year 2017-2018, without any wage eligibility ceiling. The calculation ceiling for payment of ad-hoc Bonus under these orders shall be monthly emoluments of Rs.7000/-, as revised w.e.f 01.04.2014 vide Ministry of Finance (Department of Expenditure)’s OM No. 7/4/2014/E.III9A), dt. 29th August, 2016.

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

a) Only those Group ‘C’ & ‘D’ RPF/RPSF personnel who were in service on 31.3.2018 and have rendered at least six months of continuous service during the year 2017-18 will be eligible for payment under these orders. Pro-rata payment will be admissible to the eligible personnel 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).

b) 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 thereafter be multiplied by the number of days of bonus granted. To illustrate, taking the calculation ceiling of Rs.7000/- (where actual average emoluments exceed Rs. 7000), Non-PLB (ad-hoc bonus) for thirty days would work out to Rs.7000 x 30/30.4 = Rs.6907.89 (rounded off to Rs.6908/-)

Also Read : Productivity Linked Bonus 2018 – Railway Board Order

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

d) Various points regarding regulation of Ad-hoc/Non-PLB Bonus are given in the Annexure.

e) All the Group ‘C’ & ‘D’ RPF/RPSF personnel, regardless of whether they are in uniform or out of uniform and regardless of place of their posting, shall be eligible only for ad-hoc bonus in terms of these orders.

3. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.

4. Hindi version is enclosed.

(N.P. Singh)
Jt. Director/Estt.(P&A)
Railway Board

Signed Copy

Rift between RBI and Central Government – BEFI

Rift between RBI and Central Government – BEFI

BANK EMPLOYEES FEDERATION OF INDIA
NARESH PAUL CENTRE
53 Radha Bazar Lane, (1st Floor), Kolkata – 700 001
e-mail: pradipbefi@yahoo.co.in Website: www.befi.in

Press Statement issued on 30th October 2018 by Shri Pradip Biswas,
General Secretary, Bank Employees Federation of India, at Kolkata,

ON THE RIFT BETWEEN RBI AND THE CENTRAL GOVERNMENT

We are disgusted, rather alarmed, at the public show of rift between the Reserve Bank of India (RBI) and the Central Govermment in recent months.

Based on the recommendation of the Royal Commission on Indian Currency and Finance (1926), as conceptualised by Dr. B.R.Ambedkar in his famous book, “The problem of the Rupee – its origin and its solution”, RBI was established in 1935 to take care of the financial troubles in the aftermath of the First World War. Since then it has been in charge of managing and regulating the currency and credit system, the monetary policy and foreign exchange reserves of the country; it also acts as the Banker to the Central and State Governments and exercises supervisory and regulatory controls over the Banking System.

True to its policy of decimating all constitutional and other public institutions to suit its political agenda, the present dispensation at the centre has been out to undermining the autonomy and authority of RBI in all conceivable ways. It all started with the formation of the Monetary Policy Committee, in 2016, with three members nominated by the Centre, so as to gag the RBI’s absolute say in the matter of deciding interest rates. Then came the most ill-conceived demonetisation which, the RBI claimed to have been handed out to it by the Centre, a clear case of usurpation of authority of RBI in the matter of currency management. To make RBI fall in line, Sri Nachiket Mor, a Director on the Board of RBI, was then removed more than two years before his term was to expire; at the same time, Sri S. Gurumurthy and Sri S. Marathe, having RSS-links, were inducted into the Board much to the displeasure of the Govornor. Then it has been flexing its muscles on the issues of management of Bad Loans (called NPA) of Banks and Prompt Corrective Action (PCA) thereagainst. There are tussle, also, over Special Window for Dollar Sales to Oil Companies, over funding of Non-Banking Financial Companies, over formation of a separate Payment Regulator etc. To top it all, the Centre wants the RBI to transfer its reserves to the central exchequer; while RBI has made a pay-out of a whopping Rs.30,000/- crore this fiscal, the Centre demands at least Rs.66,000/- Crore which the RBI has declined. The list is almost unending but having one single objective of decimating the Reserve Bank of India, the Central Bank of the country.

While we do not subscribe to all the decisions of RBI at all times, there is no denying that the firm intervention by RBI has saved our economy from many a crisis, the latest being the global financial meltdown of 2008; we firmly believe that undermining RBI would, in its wake, bring about a costly disaster for our economy. We, therefore, demand that the authority, autonomy and independence of RBI be further strengthened so as to enable it exercise more and stringent supervisory and regulatory control over the banking and monetary system in the best interest of our country.

(Joydeb Dasgupta)
Secretary

Source: BEFI

Important Government Orders List October 2018

Important Government Orders List October 2018

Check the complete collection of important Office Memorandum released during October 2018 from DOPT, Finmin, Railway, Pension, CPAO & PCDA.

DOPT ORDERS

FINMIN ORDERS

Railway Orders

Pension Orders

CPAO Orders

PCDA Circulars

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