Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 01.01.2015
CLICK HERE to view Ministry of Finance, Department of Expenditure OM No. 1/2/2015-E-II (B) dated 10th April 2015 in English.
Saturday, 11 April 2015
Thursday, 2 April 2015
Delay in Announcement of DA Hike from January 2015
Written By Admin on April 2, 2015 | Thursday, April 02, 2015
Delay in Announcement of DA Hike from January 2015
Since the implementation of the recommendations of the 4th central pay commission in 1986, the announcement of approval and the order for granting Dearness Allowance to government employees were issued in March and September itself until it was violated once under UPA regime. In 2013, the approval for granting DA hike due from January 2013 was delayed inordinately. All the central government employees had waited patiently up to 31st March 2013. Even 1st and 2nd week of April 2013, there was no signs announcing the DA hike by the Central government. Then, the federations like AIRF and Confederation of central government employees and workers have raised objection over the inordinate delay of announcing DA. And they wrote letters to the Central Government to declare the Dearness Allowance immediately to avoid the confrontation.
While briefing the situation, the Confederation of central government employees and workers has mentioned in the editorial of their blog on 17th April 2013 that ‘This naturally is quiet disturbing, especially in the time of galloping price line. The employees have, in the past, fought bitterly for grant of DA and the 3rd CPC gave a definite formula for DA in the aftermath of the one day strike on 19th September 1968. We cannot allow the hard won DA to be tampered with.’
The next day, ie on 18th April 2013 the union cabinet approved the DA hike which is due from January 2013.
This time the NDA Government started repeating the same story in its first year itself. As we mentioned earlier the DA hike from July 2014 has been announced un expectedly on 4th September 2014. So there was huge expectation this time that the present government would not make any delay in announcing the Payment dearness allowance from January 2015. But it seems that the government finds no time to take any decision over the issue of 50 Lakh Central government employees and Pensioners. Whether the central government expects the federations to plead for announcing DA hike? Or it really has no time to decide on this issue?
However, yesterday the Ministry of Finance issued a clarification dated 1st March 2015, in which it has been clarified that a fake order for payment of Dearness Allowance was being circulated in Government Departments/offices and all Ministries/Departments and Central Government offices were advised not to take cognisance of these fake instructions being circulated in Government offices.
To avoid confusion and frustration among central government employees, it is expected that the central government should announce its approval for Payment of Dearness Allowance from January 2015 immediately.
Wednesday, 1 April 2015
SMALL SAVINGS SCHEMES INTEREST RATES wef 01.04.2015-- PIB NEWS
Government Announces Interest Rates for Various Small Savings Schemes; Rates to Come Into Force with Effect from 01.04.2015
It was decided by the Government of India that interest rates on Small savings Schemes will be linked to yields on government securities of comparable maturity. In pursuance of that decision, the Government has decided to revise the rates applicable on various small savings schemes as given in the table below.
Scheme
|
Rate of interest
w.e.f.01.04.2014
|
Rate of Interest
w.e.f. 01.04.2015
|
1.
|
2.
|
3.
|
Savings Deposit
|
4.0
|
4.0
|
1 Year Time Deposit
|
8.4
|
8.4
|
2 Year Time Deposit
|
8.4
|
8.4
|
3 Year Time Deposit
|
8.4
|
8.4
|
5 Year Time Deposit
|
8.5
|
8.5
|
5 Year Recurring Deposit
|
8.4
|
8.4
|
5 Year SCSS
|
9.2
|
9.3
|
5 Year MIS
|
8.4
|
8.4
|
5 Year NSC
|
8.5
|
8.5
|
10 Year NSC
|
8.8
|
8.8
|
PPF
|
8.7
|
8.7
|
Kisan Vikas Patra
|
8.7
|
8.7
|
Sukanya Samriddhi Account Scheme
|
9.1
|
9.2
|
The above rates will be effective from tomorrow i.e. 1.4.2015.
Thus the rates on many of the small savings scheme have undergone an upwards revision vis-Ã -vis 2014-15.
Thursday, 26 March 2015
Friday, 20 March 2015
Sunday, 15 March 2015
Govt. admits consideration of LTC abroad
Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions
LTC to Some Countries
A proposal to provide Leave Travel Concession (LTC) to Government employees to visit some SAARC countries is in its initial stage of consideration. The details are yet to be finalized.
The purpose behind the proposal is to enhance people-to-people contact and bilateral ties in the SAARC region through increase in tourism in the region.
As per the Government’s order dated 26.09.2014, the Government has extended the facility of conversion of home town LTC to visit the states in the North East Region, Jammu & Kashmir and the UT of Andaman & Nicobar Islands for a period of two years up to 25.09.2016. This facility was first introduced in the year 2008.
Presently, no other proposal is under consideration for including more places under the conversion of Home Town LTC to anywhere in the country.
This was stated by the Minister of State for Personnel, Public Grievances and Pensions and Minister of State in Prime Minister’s office Dr. Jitendra Singh in a written reply to a question by Shri M. Raja Mohan Reddy in the Lok Sabha today (11/3/2015)
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