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12th Bipartite Settlement and 9th Joint Note Signed in Mumbai

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igeadmin
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Long-Awaited Wage Revision for Bank Employees: 12th Bipartite Settlement and 9th Joint Note Signed in Mumbai

In a significant development for the Indian banking industry, the 12th Bipartite Settlement and the 9th Joint Note were signed in Mumbai on 8th March 2024. This agreement brings to an end months of negotiations between the Indian Banks’ Association (IBA) and bank employee unions.

The 12th Bipartite Settlement pertains to wage revision for all bank employees, while the 9th Joint Note specifically addresses the concerns of officers’ associations. This twin signing marks a positive outcome after overcoming several hurdles during the negotiation process.

Key Highlights of the Agreement

  • Salary Hike: Bank employees can expect a much-awaited salary increase. While the exact details haven’t been officially released, previous reports suggest a 17% annual wage hike, effective from November 1, 2022.
  • Improved Benefits: The agreement likely includes revisions to allowances and benefits packages for bank employees.
  • Five-Year Validity: The wage revision is expected to be valid for a period of five years, providing stability for employees.

Positive Impact for All Stakeholders

The signing of the 12th Bipartite Settlement and the 9th Joint Note is a welcome development for all stakeholders involved.

  • Bank Employees: This agreement ensures a well-deserved salary increase and improved benefits for bank employees, bringing their compensation more in line with current market standards.
  • Banking Industry: A motivated and well-compensated workforce is crucial for the smooth functioning of the banking sector. This agreement will likely contribute to improved employee morale and productivity.
  • Customers: Ultimately, a stable and efficient banking sector benefits customers by ensuring better service delivery.

BEFI CIRCULAR

Circular No. 9/2024

8 March 2024

To all Units, Affiliates, Office Bearers, CC & GC Members

Dear Comrade,

12th Bipartite Settlement Signed

The 12th Bipartite Settlement was signed today at Mumbai, a few minutes ago. The 9th Joint Note for the Officers Associations was also signed simultaneously. We are happy that overcoming many hurdles these were signed.

On behalf of BEFI, Com. S S Anil (President), Com. R Ajaya Kumar (Vice President), Com. Ranjan Raj (Vice President), Com. Hari Rao. S (Secretary), Com. Manodip Ghosh (Secretary), Com. Narendra Kumar Nayak (Joint Secretary), Com. Vinitha P H (Joint Secretary) signed along with the undersigned. In the signing ceremony, Com. Pradip Kumar Sarma (Vice President), Com. Prashant S Kadam (CC Member) including several comrades from Maharashtra were present.

We submitted our Charter of Demands on 4 November 2022. After discussion, a Memorandum of Understanding was signed on 7 December 2023. We are happy that 5-day working week for the bank employees and officers found place in MoU as well as the final settlement. We hope it will be implemented shortly.

We consider that any settlement, through bilateral negotiation, may not achieve everything deserved by the employees. We have already informed that we had interventions on every matter came to us during the negotiation. Those have yielded results also. We’ll intimate our members in due course.

We feel that the employees and officers are working under stressful circumstances with distorted work life balance. We hope collective endeavour will be taken to minimise stress and restore work life balance.

With greetings,

Yours comradely,

(Debasish Basu Chaudhury)
General Secretary

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Small Savings Schemes Interest Rates from Apr 2024 to June 2024

By
igeadmin
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Small Savings Schemes Interest Rates from Apr 2024 to June 2024

F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

North Block, New Delhi
Dated: 08.03.2024

OFFICE MEMORANDUM

Subject: Revision of interest rates for Small Savings Schemes – reg.

The rates of interest on various Small Savings Schemes for the first quarter of FY 2024-25 starting from 1st April, 2024 and ending on 30th June, 2024 shall remain unchanged from those notified for the fourth quarter (1st January, 2024 to 31st March, 2024) of FY 2023-24.

2. This has the approval of the competent authority.

(Kapil Patidar)
Deputy Secretary (Budget)

Also Read: Small Savings Schemes Interest Rates from January 2024 to March 2024

To,

1. The Finance Secretary & Secretary Expenditure, Department of Expenditure North Block, New Delhi.
2. The Secretary, Department of Economic Affairs North Block, New Delhi.
3. The Secretary, Department of Revenue North Block, New Delhi.
4. The Secretary, Department of Financial Services Jeevan Deep Building, New Delhi.
5. The Secretary, Department of Posts Dak Bhawan, New Delhi.
6. The Chief General Manager (DGBA) Reserve Bank of India, Central Office, Mumbai.
7. Reserve Bank of India Central Account Section, Additional Office Building, East High Court Road, Civil Lines, P.B. No.15, Nagpur – 440 001.
8. Chief Secretaries of States / UT Government
9. The Joint Director National Savings Institute, New Delhi.

Instrument Rates of interest
Savings Deposit 4
1 Year Time Deposit 6.9
2 Year Time Deposit 7
3 Year Time Deposit 7.1
4 Year Time Deposit 7.5
5 Year Recurring Deposit 6.7
Senior Citizen Savings Scheme 8.2
Monthly Income Account Scheme 7.4
National Savings Certificate 7.7
Public Provident Fund Scheme 7.1
Kisan Vikas Patra 7.5 (will mature in 115 months)
Sukanya Samriddhi Account Scheme 8.2

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Cabinet approves 4% Dearness Allowance hike for Central Government Employees from Jan 2024

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igeadmin
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Cabinet approves 4% Dearness Allowance hike for Central Government Employees

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 1.1.2024 representing an increase of 4% over the existing rate of 46% of the Basic Pay/Pension, to compensate against price rise.

 The combined impact on the exchequer on account of both Dearness Allowance and Dearness Relief would be Rs.12,868.72 crore per annum.  This will benefit about 49.18 lakh Central Government employees and 67.95 lakh pensioners.

 This increase is in accordance with the accepted formula, which is based on the recommendations of the 7th Central Pay Commission.

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PFRDA inaugurates app to widen financial inclusion through fintech and to boost NPS

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igeadmin
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PFRDA inaugurates app to widen financial inclusion through fintech and to boost NPS

In order to foster innovation and inclusivity within the NPS architecture, particularly through its engagement of fintech entities as Point of Presence (PoP) thus, enhancing accessibility and convenience, Shri Deepak Mohanty, Chairperson, Pension Fund Regulatory and Development Authority (PFRDA), inaugurated Zerodha Broking Limited’s NPS web-app, in New Delhi, today. The app offers seamless access of NPS to a wider subscriber base.

Shri Mohanty said that there is merit in joining NPS at a young age to harness the benefit of compounding. NPS provides continuity to retirement saving account irrespective of one’s employment status and is available for non-resident Indians (NRIs). As youngsters are tech savvy, the facilitation by Zerodha Broking Limited would expand access to NPS. 

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Extension of Relaxation of Upper Age Limit for Assistant Loco Pilot and upcoming Technician Recruitment: Railway Board Order

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igeadmin
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Extension of Relaxation of Upper Age Limit for Assistant Loco Pilot and upcoming Technician Recruitment: Railway Board Order

RBE No. 22/2024

GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAVA)
(RAILWAY BOARD)

No. E(NG)-II/2024/RR-1/4(Pt)

New Delhi, dated: 07.03.2024

The General Manager (P),
All Zonal Railways/Production Units
Chairpersons/Railway Recruitment Boards (RRBs)
Chairpersons/Railway Recruitment Cells (RRCs)

Sub: Relaxation in upper age limit for direct recruitment to non-gazetted posts on the Railways.

In continuation to Board’s letter number E(NG)-II/2024/RR-1/4 dated 30.01.2024 (RBE No.08/2024) read with letter dated 06.02.2024 (RBE No.09/2024), it has been decided to extend relaxation of 3 years in upper age limit provided for the ongoing recruitment exercise for the post of Assistant Loco Pilot under CEN-01/2024 to direct recruitment from open market to the posts of Technician category to be notified in March 2024. This is to give relief to many candidates who may have become over-aged and have missed the opportunity to appear in recruitment in Railways due to Covid pandemic.

(U.K.Tiwari)
Director Estt.(N)
Railway Board

No. E(NG)/I112024/RR-1/4 (Pt.)

New Delhi, Dated: 07.03.2024

Copy to:

1. The General Secretary, AIRF, Room No. 253, Rail Bhawan, New Delhi (35spares).
2. The General Secretary, NFIR, Room No. 256-E, Rail Bhawan, New Delhi (35spares).
3. All Members of Departmental Council and National Council and Secretary, Staff Side, National Council, 13-C, Ferozeshah Road, New Delhi (60 spares).
4. The Secretary General, FROA, Room No.256-A, Railway Board (5 spares).
5. The Secretary General, IRPOF, Room No. 268, Rail Bhawan, New Delhi (5 spares).
6. The General Secretary, AIRPF Association, Room No. 256-D, Rail Bhawan, New Delhi.
7. The Secretary, RBSS Group ‘A’ Officers’ Association, Rail Bhawan, New Delhi.
8. The Secretary, RBSS Group ‘B’ Officers’ Association, Rail Bhawan, New Delhi.
9. The Secretary, Railways Board Ministerial Staff Association Rail Bhawan, New Delhi.
10. The Secretary, Railways Board Non-Ministerial Staff Association, Rail Bhawan, New Delhi.
11. The Secretary, Railways Board Promotee officers Association, Room No. 341-C, Rail Bhawan, New Delhi.

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Staff Selection Commission Releases JSA/LDC 2021 & 2022 Exam Answer Keys and Opens Window for Objections

By
igeadmin
-

Staff Selection Commission Releases JSA/LDC 2021 & 2022 Exam Answer Keys and Opens Window for Objections

The Staff Selection Commission (SSC) has released the tentative answer keys and candidate response sheets for the Paper-II of the Junior Secretariat Assistant/Lower Division Clerk (JSA/LDC) Grade Limited Departmental Competitive Examination 2021 & 2022.

The computer-based exam for Paper-II was conducted on March 4, 2024.

Here’s what you need to know:

  • Access Answer Keys and Response Sheets: Candidates can access the answer keys and their response sheets through a link provided by the SSC. You’ll need your examination roll number and password to log in.
  • Challenge Answer Keys: If you disagree with any answer key, you can submit an online representation between March 6, 2024 (6:00 PM) and March 9, 2024 (6:00 PM). A fee of Rs. 100/- per question/answer challenged applies.
  • Download Response Sheets: You can download a printout of your response sheet along with the answer keys from the same link. This option is available only from March 6, 2024 (6:00 PM) to March 9, 2024 (6:00 PM).

Important Note: Representations received after the deadline of March 9, 2024 (6:00 PM) will not be considered under any circumstances.

For further information, please refer to the official notification from the Staff Selection Commission.

Link for candidate’s response sheet, tentative answer keys and for Submission of Representation, if any

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DOPPW takes 3 important steps for improving Pensioners Welfare

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igeadmin
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DOPPW takes 3 important steps for improving Pensioners Welfare

The Department of Pension and Pensioners Welfare took following 3 important policy initiatives for Improving Pensioners Welfare:

1. The 53rd Pre-Retirement Counselling Workshop for the benefit of Central Government Employees, posted across Gujarat who are going to retire during the next 12 months, was held on 05.03.2024. In the workshop, over 300 retiring officials from 14 Central Government Ministries/ Departments were provided relevant information related to the retirement benefits and pension sanction process. Various sessions on BHAVISHYA Portal, Integrated Pensioners Portal, Retirement Benefits, Family Pension, CGHS, Income Tax Rules, ANUBHAV, Digital Life Certificate, Investment Modes and Opportunities; etc. were conducted. Detailed sessions to enable the retirees to plan investment and health care under CGGHS system, CGHS portal, facilities was also held. Pension disbursing banks, SBI, PNB, Bank of Baroda and ICICI participated in a bank exhibition for retirees.

2. The 7th Banker’s Awareness workshop for 57 for officers from CPPCs and branches handling pension related work from Bank of Baroda was held on 5-6 March 2024. Senior officials of the Department interacted with the Bankers on improved coordination for redressal of Pensioner Grievances, conduct of the Digital Life Certificate Campaign and the use of Face authentication technology. This Workshop was the seventh in a series of Awareness Programs for Central Pension Processing Centers and field functionaries handling pension related work in various Banks. Several Pensioners also participated in the workshop.

3. An interactive meeting with five Pensioners’ Welfare Associations, of Gujarat, namely Posts and Telegraphs and Other Central Govt. Pensioners’ Association, Ahmedabad, Kendiriya Nirvutta Karmachari Mandal, Vadodara, Baroda Central Pensioners’ Association, Vadodra, Central Govt. Pensioners Association, Ahmedabad & Bharat Pensioners’ Samaj was held at Ahmedabad on 05.03.2024.

Secretary Department of Pension and Pensioners Welfare Shri V.Srinivas addressed all three events and highlighted the Government’s policies for Improving Pensioners Welfare and the emphasis on dignity of life post retirement and the thrust for Digital Empowerment of Pensioners. Senior Officials of Banks, CGHS, Department of Pension and Pensioners Welfare also joined the deliberations.

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Dearness Allowance to West Bengal Government Employees – 14% from May 2024 [ Memorandum ]

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igeadmin
-

Dearness Allowance to West Bengal Government Employees – 14% from May 2024 [ Memorandum ]

Government of West Bengal
Finance Department
(Audit Branch)
Nabanna, Howrah-711102.
Email ID: [email protected]

No. 1090-F(P2)

Dated, Howrah, the 1st March, 2024.

MEMORANDUM

Sub: Grant of Dearness Allowance to State Government Employees and the employees of Government aided Educational Institutions, employees of Statutory Bodies, Government Undertakings, Panchayats including Panchayat Karmee, Municipal Corporations/ Municipalities, Local Bodies etc. and also Dearness Relief to the Pensioners/ Family Pensioners.

The question of enhancement of (i) Dearness Allowance in the revised pay structure implemented as per recommendation of the 6th Pay Commission in respect of Government employees, the teaching and non-teaching employees of Government aided Educational Institutions, employees of Statutory Bodies, Government Undertakings, Panchayats including Panchayat Karmee, Municipal Corporations/ Municipalities, Local Bodies etc. and (ii) Dearness Relief on the pension/ family pension since revised as per recommendation of the said Pay Commission has been under consideration of the Government for some time past.

2. After careful consideration, the Governor has been pleased to decide the following:

I. The whole time State Government employees shall draw Dearness Allowance @ 14% of basic pay with effect from 01.05.2024. The calculation of Dearness Allowances shall be made taking into account the revised basic pay and NPA, if any, but it shall not include any other type of pay.

II. The Dearness Allowance as sanctioned at (I) above in respect of State Government employees shall be admissible to the teaching and non-teaching employees of Government aided Educational Institutions, employees of Statutory Bodies, Government Undertakings, Panchayats including Panchayat Karmee, Municipal Corporations / Municipalities, Local Bodies etc. The respective Administrative Department may sanction the benefit of Dearness Allowance @ 14% of revised basic pay with effect from 01.05.2024 to the employees under their control without making any further reference to Group-P2 of this Department.

III. (a) The State Government Pensioners/ Family Pensioners shall draw Dearness Relief @ 14% of revised basic pension/ revised family pension with effect from 01.05.2024.

(b) It will be the responsibility of the Pension Disbursing Authority to calculate the quantum of Dearness Relief on revised Pension/ revised family Pension payable to each individual case.

(c) For the purpose of payment of Dearness Relief sanctioned herein, the Principal Accountant General (A&E), West Bengal, will issue authority to the Public Sector Banks in Kolkata and the Accountant General of other States.

(d) The Treasury or Sub-treasury Officers in this State will give effect to this order without the authority of the Accountant General (A&E), West Bengal.

IV. The Dearness Relief as sanctioned at (III) (a) above for the State Government Pensioners/ Family Pensioners shall also be admissible to the Pensioners/ Family Pensioners of State aided Non-Government Educational Institutions, Statutory Bodies/ Government Undertakings/ Panchayats, Municipal Corporations/ Municipalities, Local Bodies etc., who are in receipt of revised Pension/ revised Family Pension as per recommendation of 6th Pay Commission. The respective Administrative Department may sanction the benefit of Dearness Relief @ 14% of revised Pension/ revised Family Pension with effect from 01.05.2024 to the Pensioners/ Family Pensioners concerned under their control without making any further reference to Pension Branch of this Department.

V. (a) The rate of Dearness Allowance in respect of the employees mentioned in para (I) above who are drawing pay in the pre-revised pay structure as per recommendation of the 5th Pay Commission shall be enhanced from 151% to 161% with effect from 01.05.2024.

(b) The pensioners/ family pensioners still drawing pre-revised pension/ family pension (As per ROPA 2009) will get Dearness Relief @ 161% with effect from 01.05.2024 till their pension/ family pension is revised.

VI. The Dearness Allowance/ Dearness Relief sanctioned herein shall be rounded off to the nearest rupee in each case.

VII. In the case of Public Undertakings/ Statutory Bodies, the additional expenditure for sanction of Dearness Allowance and Dearness Relief should be borne by such Undertakings/ Bodies themselves out of their own resources or out of financial assistance provided to them in the budget and no additional financial assistance will be given to them on that account.

VIII. There will be a further ad-hoc increase in the Daily Rate of Wages by Rs. 22/- (Rupees Twenty Two) only with effect from 01.05.2024 for the daily rated workers under the Government whose wages are not regulated by any Statutory provisions like the Minimum Wages Act, etc.

Sd/- Dr. Manoj Pant
Additional Chief Secretary to the
Government of West Bengal

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Central Secretariat Club: Call for Elections of Office Bearers and Executive Committee Members

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Central Secretariat Club: Call for Elections of Office Bearers and Executive Committee Members

OFFICE OF THE AD-HOC ADMINISTRATIVE COMMITTEE,
CENTRAL SECRETARIAT CLUB, TALKATORA ROAD, NEW DELHI
NOTIFICATION
DELHI, THE 1ST MARCH, 2024

NO. CSC/Meetings/2023/01-01 – The following is published for general information for the members of the Central Secretariat Club Talkatora Road, New Delhi:-

Whereas, the Ad-hoc Administrative Committee constituted by the Department of Personnel & Training, (DOPT) for the Central Secretariat Club, Talkatora Road, New Delhi decided to call upon all members of the Central Secretariat Club to elect Office Bearers and Members to the Executive Committee of the Central Secretariat Club in accordance with the provisions of the Constitution of Central Secretariat Club and of the decision/order made by the Ad-hoc Administrative Committee.

2. Now, therefore, the Committee, in pursuance of election of the Executive Committee of the Club, hereby-

(A) appoints, with respect of the said election in the Club

(a) the 7th March, 2024 (Thursday), as the opening date for filling Nominations,
(b) the 18th March, 2024 (Monday), as the last date for filling Nominations,
(c) the 28th March, 2024 (Thursday), as the last date for withdrawal of candidatures;
(d) the 7th April, 2024 (Sunday), as the date on which a poll shall be taken

(B) fixes the hours from 11:00AM to 3:00 PM, as the hours during which the poll shall be taken on the date specified above at Central Secretariat Club, for the election.

By Order
(Chief Welfare Officer, Doff) & Chairperson
To the Ad-hoc Administrative Committee, Central Secretariat Club

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Incentive for Sportspersons in Government of India: Revised DOPT O.M dt 04.03.2024

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igeadmin
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Incentive for Sportspersons in Government of India: Revised DOPT O.M dt 04.03.2024

F. No. 14034/1/2020-Pers. Policy (D) Pt Vol.II (C.No. 3164784)
Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel & Training)

North Block, New Delhi
Dated the 4th March 2024

OFFICE MEMORANDUM

Subject :Incentive for Sportspersons in Government of India – regarding.

The undersigned is directed to say that consolidated instructions on Recruitment/Promotion and other incentives for Sportspersons in Government of India were issued vide Department of Personnel & Training (DOPT) Office Memorandum No. 14034/01/2013-Estt. (D) dated 03.10.2013. These instructions have been reviewed in consultation with the Department of Sports which is the nodal Department for promotion of sports in the country in order to bring more clarity, inclusion of events which have gained importance in the recent times as well as to provide greater incentives to the sportspersons performing well in these games.

2. Accordingly, it has been decided to revise the existing instructions relating to the following areas in these consolidated instructions:-

• Eligibility for appointment of Sportspersons considered meritorious
• Inclusion of Games/Events
• Authorities competent to award certificates on eligibility for recruitment of sportspersons
• Order of Preference to candidates (Competition-wise)
• Events of national importance

3. Resultantly, the following paras of existing instructions, as contained in above mentioned DOPT’s O.M. dated 03.10.2013 hereby stand revised:-

Para No. of DOPT O.M. dated 03.10.2013  
A. I (a) i) Eligibility
A. I (a) iv) 
A. V  List of authorities competent to award certificates on eligibility for recruitment of sportspersons
A. VI  Order of Preference
F Events of national importance

4. The revised paras are appended to this O.M.

5. This may be brought to the notice of all concerned for information, guidance necessary action.

6. Hindi version will follow.

(Amit Choubey)
Under Secretary to the Government of India

To
All Ministries/Departments of Government of India.

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