............ Have a nice day............
✿ USER MENU ID IS UNDEFINED IN FINACLE MIS SERVER  ✿ Date of Implementation of "VERY GOOD" Bench Mark for MACPs effect from 25.07.2016  ✿ Expected DA from Jan 2017 – 3% or 2% ?   ✿ One minute talk time for each Rupee in Airtel Payments Bank  ✿ AICPIN for October 2016 : Chances for 5% DA from January 2017  ✿ Central Government employees retiring from January 2017 to submit online application  ✿ Pre-Budget Views of Govt. Employees for inclusion in the Budget for the Year 2017-18: Confederation i.e. Scrap NPS, Minimum Wage Rs. 26,000 & Fitment Formula etc  ✿ On Salary Week, Banks Unlikely to Meet Demand for Extra 1 Lakh Cr  ✿ 82 per cent ATMs dry because government used that money to pay its own employees  ✿ National Anthem Before Movie, Rules Supreme Court. Citizens 'Duty-Bound' To Show Respect    undefined

Wednesday, 2 November 2016

7th Pay Commission: Fatter Allowances Awaits Cabinet Approval


Fatter allowances under the 7th Pay Commission recommendations, which has been finalized by the ‘Committee on Allowances’ headed by Finance Secretary Ashok Lavasa, awaits the approval of the Union Cabinet.
It may come up in the Cabinet meetings in this month, say sources in Finance Ministry.
The Cabinet meetings in this month is understood to approve the proposal of ‘Committee on Allowances’, which has been constituted to examine the recommendations of 7th Pay Commission on allowances other than dearness allowance for cabinet nod as the pay commission had recommended abolition of 51 allowances and subsuming 37 others out of 196 allowances. So, there was resentment among employees over suggestions to scrap some allowances.

The ‘Committee on Allowances’ is to recommend to stick with the 7th Pay Commission’s recommendations on allowances, said the Finance Ministry sources on Wednesday.
The ‘Committee on Allowances’ has already given final touch to its report. The committee met up with the deadline of four months given to it by the cabinet to submit the report, the Finance Ministry sources added.
The Prime Minister’s Office (PMO) also directed the Finance Ministry to obtain report from the ‘Committee on Allowances’ and to prepare cabinet note in this regard.
“Allowances contribute 63 percent in the pay hike recommendation. When the allowance is not taken into consideration it will mean fewer amounts because the allowance which the commission proposed is very substantial. Accordingly, the central government employees get a little hike in pay now, so employees are pressing hard to issue it very shortly”, said sources in PMO.
The Finance Ministry sources told The Sen Times that the Finance Minister Arun Jaitley will soon place higher allowances note before the Cabinet for approval after receiving the Committee on Allowances’ report.
Until cabinet approval on the Committee on Allowances’ report, allowances are to be paid according to the existing rates under the existing pay structure, says an earlier official statement issued by the finance ministry.
TST
Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)