Jul 30, 2015

Suresh Prabhu seeks higher pay for Railway Board Chairman, GMs


Railway Minister Suresh Prabhu has written to chairman of the pay commission, seeking higher payscale for the posts of Chairman of the Railway Board and General Managers (GM) of zonal railways.

In the letter, Prabhu has strongly endorsed an old demand from Railways to make the GM’s post equal to that of a state’s chief secretary in pay and to give the Railway Board Chairman the same payscale as that of the Chief of Army Staff, Cabinet Secretary and a few topmost officers in the Indian bureaucracy.

“Every ministry gives representations to the pay commission. I have forwarded the one related to GMs and Chairman of Railway Board,” Prabhu told The Indian Express.

The demand is not new. In fact, the Railway Board had sent the same demand about six months ago. What is new is the endorsement from the minister, and the bureaucracy is hoping it will strengthen their case.

Earlier, payscales of GMs of zonal railways were higher than top bureaucrats in states like chief secretary, DGP, and chief conservator of forests. But over the years, while other services raised their payscales, that of the GMs, who are ex-officio additional secretaries to the government, remained unchanged.

“A railway GM’s jurisdiction spreads across multiple states. There are regular coordination issues in which he has to speak to multiple chief secretaries and DGPs. So a parity is needed. It existed earlier,” said a Railway Board member who did not wish to be named.

The case for the Chairman of the Railway Board is believed to be stronger. During the first pay commission, the Commissioner of Railways enjoyed the highest payscale among bureaucrats. It was only after the third pay commission that this changed. Now, although the Railway Board Chairman is an ex-officio principal secretary to the government, his payscale is equal to that of any other departmental secretary and the other six members of the Railway Board who have the rank of ex-officio secretary to the Government of India. If the demand to raise the payscale is accepted, the top post will get a Rs 10,000 raise in pay band and the post will reflect the stature of being a top bureaucratic position.

SOURCE - indianexpress

Jul 29, 2015

7th Pay Commission Likely to Hike Salaries By 40%: Credit Suisse

Credit Suisse's Neelkanth Mishra

The 7th Pay Commission is likely to raise the salaries of government employees by up to 40 per cent, said Neelkanth Mishra, India equity strategist of Credit Suisse. The Pay Commission will submit its recommendations in October and it will be implemented by next year.

"As the Pay Commission numbers come through there could be a 30-40 per cent increase for each individual. It won't be as big as last time because it was driven by a lot of arrears but definitely a large number of government employees will come into the pay bracket which can afford to have, for example, four-wheelers," he said in an interview with NDTV. (Watch the full interview)

Credit Suisse says about one-third of India's middle class is employed by the government and as the 7th Pay Commission comes through, there will be an improvement in discretionary spending.

"In Tier 3, Tier 4 towns where government employees are 50-60 per cent of the middle class, it is very likely that real estate markets will take off again," Mr Mishra said.

Once the Pay Commission submits its recommendations in October, it will take 3-6 months for the Centre and the states to announce its implementation, Credit Suisse said.

Gujarat and Madhya Pradesh have already indicated that they are going to implement the 7th Pay Commission recommendations from January 1, 2016, he said.

As clarity emerges on the 7th Pay Commission, consumption will see an uptick and that could act as a stimulus to the economy, the brokerage said.

However, Mr Mishra struck a note of caution. "Clearly if you see a third or 35 per cent of your middle class getting a 40 per cent or 30 per cent jump in compensation in one shot, the fears of inflation will rise." Expectations of rate cuts can get pushed out and some possible fiscal pressures can emerge, he warned.
SOURCE - NDTV PROFIT

Jul 28, 2015

EMPLOYEE NEWS CENTER: Don't miss these deductions while filing returns

EMPLOYEE NEWS CENTER: Don't miss these deductions while filing returns: Here are a few little known deductions, from specified illnesses to donations, that taxpayers tend to miss out on Most taxpayers are fam...

पूर्व प्रेसिडेंट कलाम का निधन, आज रामेश्वरम में होगा अंतिम संस्कार

शिलॉन्ग. दिल का दौरा पड़ने से पूर्व राष्ट्रपति डॉ. एपीजे अब्दुल कलाम का सोमवार शाम निधन हो गया। निधन से पहले 83 साल के डॉ. कलाम इंडियन इंस्टीट्यूट ऑफ मैनेजमेंट, शिलॉन्ग में लेक्चर दे रहे थे। उसी दौरान उन्हें दिल का दौरा पड़ा और वे बेहोश हो गए। उन्हें शिलॉन्ग के बेथनी अस्पताल में भर्ती कराया गया। लेकिन शाम 7.45 बजे अस्पताल ने उनके निधन की घोषणा की। अस्पताल के डायरेक्टर डॉ. जॉन ने इस बात की पुष्टि की है। जॉन ने बताया कि 7 बजे उन्हें अस्पताल के आईसीयू में भर्ती कराया गया था। कलाम के निधन पर 7 दिन के राष्ट्रीय शोक की घोषणा की गई है। (डॉ. कलाम के 11 सिद्धान्त, जिससे सीखा पूरे देश ने)
रामेश्वरम में होगा अंतिम संस्कार
डॉ. कलाम का पार्थिव शव मंगलवार सुबह दिल्ली लाया जाएगा। जहां लोग उनके अंतिम दर्शन कर सकेंगे। इसके बाद उनके गृह नगर रामेश्वरम उनका अंतिम संस्कार किया जाएगा।(वैज्ञानिक बनने से पहले टूटा था एयरफोर्स में जाने का डॉ. कलाम का सपना)
पृथ्वी पर लेक्चर देने गए थे शिलॉन्ग
IIM, शिलॉन्ग में डॉ. कलाम लिवेबल प्लैनेट अर्थ सब्जेक्ट पर लेक्चर दे रहे थे। इस बारे में उन्होंने ट्वीट भी किया था, जो उनका आखिरी ट्वीट साबित हुआ। 15 अक्टूबर, 1931 को तमिलनाडु के रामेश्वरम में जन्मे कलाम ने 2002 में देश के 11 वें राष्ट्रपति के रूप में शपथ ली थी। वे मिसाइलमैन के रूप में भी मशहूर रहे।(देखिए, डॉ. कलाम के RARE PHOTOS)
‏डॉ. कलाम का आखिरी TWEET
@APJAbdulKalam 
Going to Shillong.. to take course on Livable Planet earth at iim.
With @srijanpalsingh and Sharma.
26 जुलाई को कारगिल विजय दिवस पर शहीदों को किया था याद
@APJAbdulKalam 
Today is anniversary of operation Vijay ... on this day my respect to all the soldiers who served the nation in such difficult times.
कौन थे कलाम
- 15 अक्टूबर 1931 को तमिलनाडु के रामेश्वर में जन्मे डॉ. कलाम लम्बे समय तक डीआरडीओ से जुड़े रहे।
- देश के पहले स्वदेशी उपग्रह पीएसएलवी-3 के विकास में अहम योगदान दिया था।
- पृथ्वी और अग्नि जैसी मिसाइलें बनाने में बड़ा रोल।
- 1998 के पोकरण परमाणु परीक्षण को लीड किया।
- 1997 में देश के सबसे बड़े नागरिक सम्मान भारत रत्न से नवाजे गए।
- पूर्व प्रधानमंत्री अटल बिहारी वाजपेयी की सरकार में वैज्ञानिक सलाहकार रहे।
- सोशल मीडिया पर सक्रिय थे।
- खाली समय में संगीत सुनने का शौक था।
- बचपन में पढ़ाई का खर्च निकालने के लिए अखबार तक बेचा।
- ताउम्र अविवाहित रहे
source - Bhasker

Jul 26, 2015

7th Pay Commission - Dearness allowance with effect from July will make report more effectiv

seven dear july

RAIL NEWS CENTER: KOTA DRM KAND - Railway has ordered vigilance enqu...

RAIL NEWS CENTER: KOTA DRM KAND - Railway has ordered vigilance enqu...

7th Pay Commission  to recommend the Compensatory City allowance again

Sources said that the 7th CPC may recommend the Compensatory City allowance in its report for Central Govt employees. Upto 5th Pay Commisson, CCA has been granted to all CG Employees and we all know that the 6th CPC has abolished. The NC JCM Staff Side strongly suggested in its memorandum to introduce again the CCA to submitted to 7th Pay Commission earlier. The unconfirmed sources said, the CCA will come with two criteria as granting in the 5th CPC.
The Compensatory City allowance has been granted to Central Government employees since the First Central Pay Commission. This allowance was sanctioned to compensate for the high cost of living in bigger cities classified as such for grant of house rent allowance. Upto 3rd CPC it used to

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