7 CPC-Revision of pension of Pre-2016 Pensioners/family Pensioners photo NewBIGRED.gif 7th CPC PENSION IMPLEMENTATION NOTIFICATION DATED 04/08/2016 photo NewBIGRED.gif

Wednesday, September 28, 2016

Cabinet decides to pay 78 days' productivity linked bonus to railway employees

The Union Cabinet on Wednesday decided to pay 78 days' productivity linked bonus for 2015-16 to eligible Group 'C' and 'D' railway employees.

The approval entails a financial implication of approximately Rs.2090.96 crore.

Union Human Resource and Development Minister Prakash Javadekar made this announcement in a press conference.

The bonus is believed to motivate the employees to improve the financial position of the railways.

Payment of PLB would result in motivating a large number of railway employees to improve the performance of the Railways and enhance the productivity levels further besides maintaining industrial peace.

The payment of this Bonus to eligible Railway Employees will be made before Dussehra/Puja holidays.

Besides this, the cabinet also approved India's position on International Civil Aviation Organisation (ICAO) Draft Global Market-based Measures Scheme, registered emission norms for it.

"The cabinet approval will enable finalization of the negotiation strategy in the 39th Assembly of the ICAO. This will help India to bargain for the possible flexibility out of the proposed Global Market Based Measures Scheme of the ICAO," said Javadekar.

The United Nations-led talks run from Sept. 27 to Oct. 7 at the ICAO in Montreal.

Aviation accounts for two percent of global greenhouse emissions but air travel is expected to double by 2030.

Read at  http://www.business-standard.com/article/news-ani/cabinet-decides-to-pay-78-days-productivity-linked-bonus-to-railway-employees-116092800602_1.html
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7th Pay Commission: ‘Achhe Din’ for government employees, Centre likely to hike Dearness Allowance by 2 per cent before Dussehra

Union Finance Minister Arun Jaitley will move the proposal of hike in DA on the basis of accepted formula for calculation under the 7th Pay Commission recommendation.

New Delhi, Sep 28: In a good news for 10 million central government employees, Narendra Modi government is likely to hike dearness allowance (DA) by 2 per cent ahead of the Dusshera festival. Union Finance Minister Arun Jaitley will move the proposal of hike in DA on the basis of accepted formula for calculation under the 7th Pay Commission recommendation, while the Union Cabinet is expected to clear the proposal of hike in DA in the next meeting. The 7th Pay Commission recommended the merging of 125 percent dearness allowance into the basic pay.

The Central government is likely to hike dearness allowance (DA) by 2 per cent, based on the data of the Consumer Price Index- Industrial Workers ( CPI-IW). “Average rate of Consumer Price Index-Industrial Labour from July 2015 to June, 2016 was 2.90 per cent. Thus, the Centre will increase dearness allowance by two as per accepted formula for calculation,” a Finance Ministry official working on the implementation of the 7th Pay Commission recommendations was quoted as saying by the Sen Times.

Unlike the 6th Pay commission, which had recommended the basic pay based on the Consumer Price Index 115.76 in January 2006, 7th Pay commission recommended new pay matrix, based on the Consumer Price Index 261.42. The government will use the data of CPI-IW from July 1, 2015 to June 30, 2016. The CPI (IW) of the months July, August, September, October, November, December, January, February, March, April, May and June were 263, 264, 266, 269, 270, 269, 269, 267, 268, 271, 275 and 277 respectively.

The Centre revised DA twice in a year on the basis of one year average of retail inflation for industrial workers as per the accepted formula. Last times, the government had increased DA by 6 percentage points from 119 to 125. The new rate of DA will be implemented from July 1, 2016. The cabinet approved the 7th Pay Commission’s recommendations for central government employees on July 29, which will impact some 47 lakh central government employees and 53 lakh pensioners.

The 7th Pay Commission notification confirmed that central government employees will get 14.27 per cent hike in basic pay at junior levels, which is the lowest in 70 years. The Cabinet also approved the increase in minimum pay Rs 18,000 from existing Rs 7,000. The 7th pay commission had recommended abolition of 51 allowances and subsuming 37 others out of 196 allowances. However no final decision has been taken on the allowances by the government. The allowances had been a major bone of contention amongst majority of the central government employees.

Read at http://www.india.com/news/india/7th-pay-commission-achhe-din-for-government-employees-centre-likely-to-hike-dearness-allowance-by-2-per-cent-before-dussehra-1520285/

7th Pay Commission Resolution for the Supreme Court Employees & Officers

The Gazette of India
Part I – Section 1
Published by Authority

New Delhi, Friday, September 23, 2016/Asvina 1,1938

Supreme Court of India
New Delhi,the 23rd September, 2016

No. F.6/2016-SCA(I).—The Seventh Central Pay Commission (Commission) was set up by the Government of India vide Resolution No. 1/1/2013-E.III (A), dated the 28th February, 2014. The Terms of Reference of the Commission also includes the Officers and Employees of the Supreme Court. The period for submission of report by the Commission was extended upto 31st December, 2015 vide Resolution No. 1/1/2013-E.III(A), dated the 8th September, 2015. The Commission, on 19th November, 2015, submitted its Report on the matters covered in its Terms of Reference as specified in the aforesaid Resolution dated the 28th February, 2014.

2.The Chief Justice of India, after consideration, has decided to accept the recommendations of the Commission in respect of the Officers and Employees of the Supreme Court in the manner as specified hereinafter.

3.The Chief Justice of India has accepted the Commission’s recommendations on Minimum Pay, Fitment Factor, Index of Rationalisation, Pay Matrix and general recommendations on pay without any material alteration in respect of Officers and Employees of the Supreme Court.

4. (1) The Pay Matrix, in replacement of the Pay Bands and Grade Pays as in force immediately prior to the notification of this Resolution, shall be as specified in Annexure I in respect of Officers and Employees of the
Supreme Court.

(2) With regard to fixation of pay of the Officers and Employees of the Supreme Court in the new Pay Matrix as on 1st day of January, 2016, the existing pay (Pay in Pay Band plus Grade Pay) in the pre-revised structure as on 31st day of December, 2015 shall be multiplied by a factor of 2.57. The figure so arrived at is to be located in the Level corresponding to employee’s Pay Band and Grade Pay or Pay Scale in the new Pay Matrix. If a Cell identical with the figure so arrived at is available in the appropriate Level, that Cell shall be the revised pay; otherwise the next higher cell in that Level shall be the revised pay of the employee.

(3) After fixation of pay in the appropriate Level as specified in sub-paragraph (2) above, the subsequent increments in the Level shall be at the immediate next Cell in the Level.

5.There shall be two dates for grant of increment namely, 1st January and 1st July of every year, instead of existing date of 1st July; provided that an employee shall be entitled to only one annual increment on either one of these two dates depending on the date of appointment, promotion or grant of financial upgradation.

6. The Commission’s recommendations and Chief Justice of India’s decision thereon with regard to revised pay structure for Officers and Employees of the Supreme Court as specified at Annexure I and the consequent pay fixation therein as specified at Annexure II shall be effective from the 1st day of January, 2016. The arrears on this account shall be paid during the financial year 2016-2017.

7. The recommendations on Allowances (except Dearness Allowance) having been referred by the Government to a Committee which will submit its report within a period of four months, till a final decision on Allowances is taken based on the recommendations of the said Committee, all Allowances will continue to be paid to Supreme Court Officers and Employees at existing rates in existing pay structure, as if the pay had not been revised with effect from 1st day of January, 2016.

8. The recommendations of the Commission relating to interest bearing Advances as well as interest free Advances have been accepted with the exception that interest free Advances for Medical Treatment, Travelling Allowance for family of deceased, Travelling Allowance on tour or transfer and Leave Travel Concession shall be retained.

9. The recommendations of the Commission for increase in rates of monthly contribution towards Central Government Employees Group Insurance Scheme (CGEGIS) for various categories of employees having not been accepted, the existing rates of monthly contribution shall continue.

10. As requisite sanction for upgradation has been received and upgraded scale have already been implemented, the list of cases of upgradation of pay scales of posts recommended by Seventh Central Pay Commission in which no action is required is specified at Annexure-III.

11. The Chief Justice of India has approved for setting up of an Anomalies Committee by the Registry to examine individual, post-specific and cadre-specific anomalies arising out of implementation of the recommendations of the Commission.

12. The Chief Justice of India wishes to place on record their appreciation of the work done by the Commission.

By Order and under the authority of Chief Justice of India.

M.V. RAMESH, Registrar(Admn.I)

Source:  http://egazette.nic.in/WriteReadData/2016/171860.pdf

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Understanding Minimum Wages and Bonus

Press Information Bureau
Government of India
Ministry of Labour & Employment
24-September-2016 10:35 IST

A minimum wage is the lowest remuneration that employers may legally pay to workers or it is the price floor below which workers may not sell their labour.

The concept of minimum wages first evolved with reference to remuneration of workers in those industries where the level of wages was substantially low as compared to the wages for similar types of labour in other industries. As far back as 1928, the International Labour Conference of International Labour Organization, at Geneva, adopted a draft convention on minimum wages requiring the member countries to create and maintain a machinery whereby minimum rates of wages can be fixed for workers employed in industries in which no arrangements exist for the effective regulation of wages and where wages are exceptionally low. Also, at the Preparatory Asian Regional Labour Conference of International Labour Organisation held at New Delhi in 1947 and then at the 3rd session of the Asian Regional Labour Conference, it was approved that every effort should be made to improve wage standards in industries and occupations in Asian Countries, where they are still low. Thus, the need of a legislation for fixation of minimum wages in India received an impetus after World War II, on account of the necessity of protecting the interest of demobilized personnel seeking employment in industries.

The justification for statutory fixation of minimum wage is obvious. Such provisions which exist in more advanced countries are even necessary in India, where workers’ organizations are yet poorly developed and the workers’ bargaining power is consequently poor.

To provide for machinery for fixing and revision of minimum wages a draft Bill was prepared and discussed at the 7th session of the Indian Labour Conference in November, 1945. Thereupon the Minimum Wages Bill was introduced in the Central Legislative Assembly. The Minimum Wages Bill having been passed by the Legislature received the assent on 15th March, 1948. It came on the Statute Book as the Minimum Wages Act, 1948.

The Act provides for fixation by the appropriate Governments of minimum wages for employments covered by Schedule to the Act.  The Central Government is the appropriate Government in respect of 45 scheduled employments in the Central Sphere. The minimum wages fixed for Central sphere are applicable to the scheduled employments in the establishments under the authority of Central Government, railway administrations, mines, oil-fields, major ports or any corporation established by a Central Act. Employments other than the scheduled employment for Central Sphere come under the purview of the State Government and accordingly State Government wages are applicable in such employments.  The minimum wages for Central Sphere are revised from time to time based on the increase in Consumer Price Index effective from April and October.

According to Section 3(1)(b) of the Minimum Wages Act, 1948, “the appropriate government shall review at such intervals, as it may think fit, such intervals not exceeding five years, the minimum rates of wages so fixed and revise the minimum rates if necessary.

The norms recommended by the Indian Labour Conference, in 1957, fox fixing the minimum wages are: (a) consumption units for one wage earner; (b) minimum food requirements of 2700 calories per average Indian adult; (c) clothing requirements of 72 yards per annum per family; (d) rent corresponding to the minimum area provided for under Government’s Industrial Housing Scheme; and (e) fuel, lighting and other miscellaneous items of expenditure to constitute 20% of the total minimum wage.

In 1991, the Hon’ble Supreme Court delivered a historic judgement and directed that children’s education, medical requirement, minimum recreation including festivals/ceremonies, provision for old age, marriage etc. should further constitute 25% of the minimum wage and be used as a guide in fixation of minimum wage.

The Act envisages appointment of an Advisory Board, by the appropriate Government, for the purpose of advising the appropriate Government in the matter of fixing and revising minimum rates of wages.

The Central Government revises the wages in the scheduled employments from time to time in accordance with the provisions of the Minimum Wages Act, 1948. Draft Notifications for all the Scheduled Employments in the Central Sphere were issued on 1st September, 2016 simultaneously, in fact for the first time. The basic rate of minimum wages for an unskilled worker in the scheduled employment other than agriculture has been proposed at Rs.350 in Area ‘C’ from the current minimum wage (basic wage + variable dearness allowance) of Rs.246 resulting in an increase of about 42%. The basic rate of minimum wages for an unskilled worker in the scheduled employment “agriculture” has been proposed at Rs.300 in Area ‘C’ from the current minimum wage (basic wage + variable dearness allowance) of Rs.211 resulting in an increase of about 42%.

The proposed revision in the rates of basic minimum wages would indeed provide much needed solace to the labour fraternity.


Bonus payment is an extra payment   given for doing one's job well also known as  performance-related pay or pay for performance.

The practice of paying bonus in India appears to have originated during First World War when certain textile mills granted 10% of wages as war bonus to their workers in 1917.  In certain cases of industrial disputes demand for payment of bonus was also included.  In 1950, the Full Bench of the Labour Appellate Tribunal evolved a formula for determination of bonus.  A plea was made to raise that formula in 1959.  At the second and third meetings of the eighteenth Session of Standing Labour Committee (G.O.I) held in New Delhi in March/ April 1960, it was agreed that a Commission be appointed to go into the question of bonus and evolve suitable norms.  A Tripartite Commission was set up by the Government of India to consider in a comprehensive manner, the question of payment of bonus based on profits to employees employed in establishments and to make recommendations to the Government.  The Government of India accepted the recommendations of the Commission subject to certain modifications.  To implement these recommendations the Payment of Bonus Act, 1965 was enacted, which came into force on 25-9-1965.

The objective of the Payment of Bonus Act, 1965 is to provide for the payment of bonus to the persons employed in certain establishments on the basis of profits or on the basis of production or productivity and for matter connected therewith.

It applies to (i) Every Factory; and (ii) Every other establishment in which 20 or more persons are employed on any day during an accounting year subject to the exemptions under section 32. Every employee shall be entitled to be paid by his employer in an accounting year, bonus, in accordance with the provisions of this Act, provided he has worked in the establishment for not less than thirty working days in that year. While the minimum bonus is 8.33% of the salary or wage earned by the employee during the accounting year, the maximum bonus is 20% of such salary or wage.

Two ceilings are available under the said Act generally known as eligibility limit and calculation ceiling respectively. Clause 13 of Section 2 of Payment of Bonus Act, 1965 defines an employee based on salary or wage per mensem. This is usually taken as the “eligibility limit” for computation of bonus. Similarly, Section 12 of the Payment of Bonus Act, 1965 provides for calculation of bonus of an employee based on salary or wage per mensem. This is known as “calculation ceiling”.

The two ceilings are revised from time to time to keep pace with the price rise and increase in the salary structure. At present, the calculation ceiling has been enhanced to Rs.7000 or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher and the eligibility limit has been enhanced to Rs.21,000/-.

Due to this revision, additional 55 lakh workers would be benefited.  This would indeed, be a good gesture on the part of the Government towards the labour fraternity.

*Author is Minister of State (Independent Charge) Labour and Employment, Government of India

Read at http://pib.nic.in/newsite/printrelease.aspx?relid=151081

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Government Notification of 7th Central Pay Commission Recommendations Fixation of pay/arrears.

10-A, S.K. BOSE ROAD, KOLKATA-700001

No. Pay/Tech-01/7thCPC I
Dated: 21/09/2016

(All Cs FA)
Subject: Government Notification of 7th Central Pay  Commission Recommendations Fixation of pay/arrears.

Ref: (i) This office circular of even No. dated 11 Aug, 2016.

Please refer to this office Part I office order No. AT/02 circulated vide No. Pay/Tech 01 /7th CPC I dated 11.08.2016 through which a copy of CGDA New Delhi No. AT/II/2701/0rders dated 10 Aug, 2016 has been forwarded for necessary action.

2. It has been stated therein to ensure completion of post audit of fixation of pay/arrear claims within 3 months and the work relating to post audit should be monitored at PCsDA/CsDA level by instituting suitable reporting system for watching the progress of work. A Monthly Report in this regard in a format prescribed therein is required to be furnished to Headquarters office so as to reach by 15th of every month. The first report showing the position as on 31.08.2016 was due to reach HQrs office by 15th Sep, 2016. Kindly confirm its timely submission to HQrs office. Also please forward a copy of the said report to this office for our record & reference.

3. Please ensure submission of the report for the subsequent months within scheduled date with a copy endorsed to this office.

4. Please acknowledge receipt.

Astt. Controller of Accounts (Fys)

Source : http://pcafys.gov.in/files/scan0305.pdf
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Casual Labourers with temporary Status – Clarification regarding contribution to GPF and Pension under the Old Pension Scheme.

Government Of India
Ministry Of Communications & IT
Department of Posts

Dak Bhawan, Sansad Marg,
New Delhi – 110 001.

Dated: 12th September, 2016

Subject: Casual Labourers with temporary Status – Clarification regarding contribution to GPF and Pension under the Old Pension Scheme.


I am directed to refer to this Department’s letter no.01-07/2016-SPB-I dated 22.07.2016 on the above cited subject and say that following clarifications are hereby issued in respect of Casual Labourers in the Postal Department in line with DOP&T OM No.49014/2/2014-Estt(c) dated 28.07.2016:

(a) The Department’s letter No.01-07/2016-SPB-I dated 22.07.2016 restores the provisions of the scheme as it existed prior to this Department’s letter No.45-6/2005-SPB-I dated 02.09.2005. The benefit of GPF and Old Pension Scheme is applicable to all those Casual Labourers who are covered under the Casual Labourers (Grant of Temporary Status and Regularization) Scheme issued vide letter No.45-95/87-SPB-I dated 12.04.1991 even if they have been regularized on or after 01-01-2004.

(b) As the benefit of Old Pension Scheme and GPF is applicable to only those casual workers who are covered under the above stated scheme of 1991, all the circles may strictly ensure that it does not lead to demand by regularly recruited fresh employees appointed on or after 01.01.2004 for similar benefit in place of NPS.

Yours faithfully,

(Abhay Kumar)
Assistant Director General (SPN)

Source: http://utilities.cept.gov.in/dop/pdfbind.ashx?id=2104

Military men will have their say on 7th Pay Commission

On Wednesday, the Punjab & Haryana HC issued notice to the Central govt, directs the Anomalies Committee to take the views of defence personnel.

All central government employees have the right to represent and air grievances against the awards of the 7th Central Pay Commission (7th CPC) to an “Anomalies Committee” set up for this purpose — all except the military, which ironically constitutes the bulk of central government employees and pensioners.

Now servicemen, in uniform and retired, will have their say too. On Wednesday, the Punjab & Haryana High Court issued notice to the Central government, directed the Anomalies Committee to take into account views of defence personnel.

Ruling on a petition by a serving officer, Colonel Preetpal Singh Grewal, the High Court notice could go some way in easing the vitiated civil-military relationship, and the trust deficit between civil servants and the military.

The 7th CPC recommendations, which were handed over to the government in last November, aroused bitter resentment within the military. On March 11, the three service chiefs made a presentation to the “Empowered Committee of Secretaries”, a 13-member panel headed by the cabinet secretary, which was looking into the recommendations. After that brought no changes, the chiefs held the implementation of the 7th CPC in abeyance, forcing the defence minister to order them last month to implement the award.

In his petition, Grewal pointed out that the Anomalies Committee granting hearings to civil employees, their associations and the civil establishment but not to defence personnel or even the military establishment. He pointed out that the defence services were not even informed about the institution of the Committee and only discovered through press reports that several meetings had been held with civil government employees.

The petition admits that military employees cannot be allowed to form associations. However, there was a need for sensitivity within the system toward defence personnel, and the opportunity to present their views and demands.

Denying this would violate the principles of natural justice, the petition pleaded. It also pointed out that the Supreme Court has already held that defence personnel should not be treated in a ‘shabby manner’ or denuded of rights that are available to other citizens.

Besides pleading for the opportunity for serving and retired military personnel to be heard, the petition asked for an alternative participative mechanism that would compensate for the statutory bar on forming associations.

The petition pointed out that the defence ministry’s Standing Committee on Welfare of Ex-Servicemen, which Defence Minister Manohar Parrikar had himself ordered to hold meetings every three months, has not yet held a single meeting. The petition argued that this amounted to lower officials undermining political authority.

The petition suggested that differences be resolved in a conciliatory manner, instead of implementing ham-handed measures that created a gap between various services. It stated that the standoffishness of high government authority created a trust deficit that could be exploited by anti-national elements, which might spread discontentment through the social media.

The 7th CPC has raised baseline military salaries by about 15 per cent, taking the pay of a lieutenant (the entry grade for officers) to Rs 56,100 per month; and that of a sepoy (the entry grade for ratings) to Rs 21,700 per month. This was significantly lower than the 40 per cent hikes handed out by the Fifth and Sixth Pay Commissions. But the greatest resentment has taken place through the relative dilution of status, with the Indian Administrative Service, Indian Foreign Service, Indian Police Service and Indian Forest Service having been granted allowances that the military believes places them on a higher level.

Read at:http://www.business-standard.com/article/current-affairs/military-men-will-have-their-say-on-7th-pay-commission-116092101060_1.html

The military battles for retaining status

Harsha Kakar
The seventh pay commission as announced was unacceptable to the military and left them simmering due to lowering of their status as compared to their counterparts from other central services. The absurdity of the pay commission chief, to justify his actions by aiming to create equality in all cadres joining through a common exam (civil services exam), indicated his personal enmity against the military. I wonder if the learned judge was aware, that the military inducts its officer cadre at a much younger age, where the competition is equally severe. Further, he would neither have been briefed (as there was no military representative), that selection to the military is far more stringent than other services. The four- day interview has been known to be a rejection criterion rather than a selection one. It only approves those select few, with qualities of patriotism and leadership. There are no quotas allocated to the selection boards. Hence, it is this specially selected lot, which has sacrificed its life for the nation, countless times.

I wonder which other service can boast of such intense national pride and sacrifice. Yet, since independence the military has been systematically downgraded, which it accepted without a murmur. Even its pensions, which were initially 70% were brought down in the third pay commission (1973) to 50%, with a promise of OROP, which remained ignored for decades. This was an intentional action, as it occurred post India’s biggest victory over Pakistan and the commission for the first time, had no military representative. The final release of OROP was below promised levels, however, the formation of the Reddy commission to look into the anomalies, has presently quelled fires.

While dissent is acceptable in a democracy, the same may not be said for the military. Civilian employees agitated against the pay commission award, to which the government immediately responded positively. A threat of strike by them, makes the government rush to accept demands. However, military discipline and ethos does not permit itto resort to such action. In every case, where it has felt downgraded or affected, it has voiced its concerns and left the decision makers, which comprise the polity and bureaucracy to resolve the issue. Thus over the years, anomalies and disagreements have piled up, with no end in sight. Knowing that a disciplined force would never resort to any undemocratic means, they are heard and subsequently ignored.

Further, the pay commission came immediately after the OROP agitation, which was followedon social media by members of the military, after all every soldier of today is a potential veteran of tomorrow. 93% of the military, retires between the ages of 35 to 45,after having sacrificed their youth for the country and then are ignored and dumped. The agitation was aimed at protecting future retirees. The subsequent anomalies and downgrading the status of the military in the pay commission further impacted the organization. Disgruntlement only increased and became more visible. The committee of secretaries ordered by the government to resolve the differences, had no military member, hence its decision was the final nail in the coffin.

The battle for status involves more than just salary. In fact, salary has never been the issue. The status impact comes to the fore when the military functions with different Government agencies in matters concerning national security and calamities. Its lowered status makes working with bureaucrats and civil police officials more complicated, as it alters the rank structure,hence affects coordination and cooperation. The nation works on status;therefore, a higher status officer would never cooperate or be willing to work jointly with a junior from another service. Simultaneously, within the military are civilian members of other central services. A change in status affects its organization and working structure.

The glaring anomalies left behind over years of down gradation have made members of the military, feel like second class citizens serving the nation. While the head of the pay commission, had clearly shown his anger and hatred for the military, by degrading them, the Government and its so-called mature senior bureaucratic leadership did no better. The words of the Prime Minister praising the military, his spending Diwali with troops and senior lady ministers tying Rakhi to soldiers in remote areas, in reality appear to be actions of publicity, rather than genuine concern.

Never in the history of the country had the service chiefs been compelled, to openly refuse to accept the recommendations of the pay commission, but the writing on the wall of dissent across the rank and file was clear. They realized, that they need to serve whom they command, rather than their political leaders. Had theyrelented, they would have been accused of a sell-out, which would remain a blotch, on their otherwise spectacular career. Hence, such an action was resorted to. It had to indicate to the political leadership, in clear terms,that enough damage had been done and it was time to rectify the same.Taking the silent military for granted and treating them as second class citizens, had to stop. It also conveyed that concerns are genuine and unless immediate action is taken, there would be lack of coordination, when operations are launched jointly. The present is also a challenging time, as the military battles increased terrorism and supports the police in restoring normalcy in the Valley even as it faces severe loss of life as in the recent Uri encounter.

However, a disciplined force always remains one. The message has been conveyed and Government action awaited. The words of service chiefs are gospel down the line (unlike any other Government service), hence though there would remain murmurs, however trust and faith in the system would be restored. The soldier has to look up the organization tree for satisfaction and they cannot let him down. It is now upto the defence and Prime Ministers to prove their genuine concern for the military and restore its rightful status. If they fail to do so, all their actions so far, would be viewed by the nation as a publicity stunts and their promises hollow. The nation is proud of its military and knows it would never be let down. Therefore, in the ultimate analysis, it is for the people of India to observe government action in correcting the wrongs done on the silent and dependable military and decide whether the present political leadership can be trusted to keep their words. If they fail to keep their promise, then the nation can reconsider whom to vote for, in the coming elections.
(The author is retired Major  General in Indian Army)

Read at:http://www.dailyexcelsior.com/military-battles-retaining-status/
Filed Under: ,

Introduction of “Advisory fee” under Regulation 15 of PFRDA (Retirement Adviser) Regulations, 2016.

B-14/A, Chhatrapati Shivaji Bhawan,
Qutab Institutional Area,
Katwaria Sarai, New Delhi – 110 016.

22nd September, 2016


All Stakeholders in the National Pension System

Subject: Introduction of “Advisory fee” under Regulation 15 of PFRDA (Retirement Adviser) Regulations, 2016.

1. This has reference to the Regulation no.15 of the PFRDA (Retirement Adviser) Regulations, 2016. Wherein the on-boarding fee of Rs.120/- and a fee of Rs.20/- per transaction or a maximum of Rs.100/- per annum, for subsequent services, have been stipulated.

2. Further to the abovementioned charges, it has been decided by the Authority that and advisory fee of 0.02% may also be charged from any existing subscriber, on their assets under management (AUM) of NPS or any other scheme regulated by PFRDA, on the date of advice, subject to a minimum of Rs.100/- and maximum Rs.1000/- per annum, for providing advice to the subscribers.

3. The scope of such advice being provided by the retirement advisers in any manner, either oral or in writing to the subscribers will be limited to asset allocation and choice of a Pension Fund Manager (PFM) for their financial assets under NPS or any other scheme regulated by PFRDA.

4. The advisory fee can be charged by Retirement Adviser (RA) only when subscriber has signed an agreement with the RA for providing advice, wherein the lower and upper limits of advisory fee, as specified by the Authority may be incorporated. No advisory fee shall be charged at the time of onboarding of the subscriber along with onboarding fee of Rs.120/-

5. The circular is being placed on PFRDA website at http://www.pfrda.org.in.

Ashish Kumar
General Manager

Source: www.pfrda.org.in

PLB to Railway staff will be disbursed before Pooja Festival

The Addl. Member Staff Railway Board, Shri Anand Mathur, has intimated today, i.e. 26.09.2016, AIRF leadership that, Railway Board’s orders for Restructuring of Technicians, to which an agreement was arrived at in Full Board Meeting held on 22.07.2016, will be issued in this week, and payment of 78-day PLB @ Rs.7000 p.m. will be made to all the Group `C’ and `D’ railwaymen well beforePooja Festival.

Source: http://www.airfindia.com/
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