Monday, 24 August 2015
JOIN THE 2ND SEPTEMBER STRIKE ENMASS
Our Federation decided to participate in the 2nd September strike called by National trade Union centres against the anti labour policies of the Central Government. We have taken this decision last minute based on the feedback and advice received from the various levels.
The staff side of National JCM already announced strike in November 2015. The policies of the Government and there is no progress on the demands during the negotiations led to the strike decision. All the trade unions participating in the strike including the BMS affiliates.
Even after 65 years of formation of Indian Republic the ILO basic conventions No 87 & 98 were not ratified by India which is said to be a democratic Union and member country of the ILO from the day of its formation. The ID Act 1947 is protecting the working class for all the years. Since there is no statutory protection, the laws were amended to help the corporate sectors and SEZs. Disinvestment of Central /State PSUs and FDIs in Railways anddefence shocked the working Class about the future. There is no guarantee for the minimum wage and social security for the working population. Employment in the Govt. secter is degenerating replaced by the outsourcing and contracterisation . The Agriculture sector is facing uncertainity .
In the Government sector the Department of Posts having 3 lakhs GDS employees and their suffering is the same as out sourced contract employees. In the present scenario they are performing the duties of regular employees and the Govt is harping on the illegality that they cannot be paid more than 5 hours. The Postal JCA served strike notice for inclusion of GDS employees in the purview of 7th CPC. But it was rejected on the technical grounds and the Department is proposing the officers committee. We have seen the results of the recommendations of these committees headed by the officers which never clinched the basic structure of these GDS employees.
The cadre restructuring in the Department, though agreements were signed, long ago the recommendations did not see the light in the nodal ministries. The CPC submitting its report. Many issues whre there are agreements in the Department council nothing is implemented.
The employees are frustrated at all levels. Under these circumstances we have to join the struggle and show our strong resentment over the Anti employees policies of the Government. Let us make the strike a grand success.
PFRDA to launch online facility to open NPS accounts
MUMBAI: Pension fund regulator PFRDA is set to launch an online facility for opening of accounts under the National Pension System (NPS) to net in prospective customers.
"We are set to launch the online on-boarding facility for the prospective customers of pension schemes under the NPS," PFRDA chairman Hemant Contractor told reporters on the sidelines of an insurance summitorganised by the industry lobby CII here this evening.
"We have also urged the government to offer tax-breaks to pension schemes falling on the lines of other financial products like mutual funds and insurance, to popularise pension products in the unorganised sector," he said.
The Pension Funds Regulatory and Development Authority (PFRDA has sought clarification from the government if the pension products being run by various fund houses and life insurers can be regulated by it
"We have asked the government to clarify whether we can regulate the pension business being run by mutual fund houses and life insurers because the PFRDA Act empowers us to regulate all kinds of pension business," Contractor said.
On the pension business being managed by the Employees Provident Fund Organisation ( EPFO), he said it is up to the government to decide that who will be regulating it.
Commenting on the progress of NPS, he said the NPS corpus has already crossed Rs 94,000 crore so far, which includes Rs 7,000 crore from the Atal Pension Yojana.
He further said, "We've already opened 6,80,000 accounts under the Atal Pension scheme during the past couple of months and we are looking at taking it to 2 crore by December. Out of these 6,80,000 accounts, 65 per cent subscribers come from urban areas and the rest from the rural areas."
The three state-owned fund managers, who are managing the Atal Pension scheme funds are UTI, SBI and LIC Pension Fund.
The regulator is getting ready to appoint new fund managers for the NPS, which has seven active fund managers now and also reviewing fund management charges.
"We don't mind paying a higher commission to incentivise fund managers and distributors so as to expand the NPS reach. We are reviewing a proposal in this regard and we will be issuing a request for proposal to appoint new fund managers within a month," he said.
Report of Seventh Pay commission might be submitted by second week of September 2015
The Hindi daily Dainik Baskar quoted in its report published on 22.8.2015 about report of Seventh pay commission that the pay commission report will be submitted by second week of September 2015,
According to its report the Seventh Pay Commission report to be submitted to the government will be examined by the senior CoS, which will take two months. Then it will be submitted to the Ministry of Finance, which will be implemented from 1st January, 2016,
According to sources the fitment formula 2.86 would be recommended by 7th pay commission.
Saturday, 22 August 2015
New Delhi: The Seventh Pay Commission is likely to recommend the government to form a permanent pay panel to give recommendations to the government from time to time on issues pertaining to pay structure of central government employees.
The permanent pay panel would recommend regular salary hikes in keeping with the rate of inflation.
The formation of the permanent pay panel would help raise the salaries and allowances of central government officials and employees, an official of the pay panel said.
He added the permanent pay panel would recommend salary and allowance hikes in keeping with the rising inflation rate, which will be implemented by the government. “Then it will not be necessary to form a new commission during the next several years for central government employees.”
However, the Seventh Pay Commission got one month extension to submit its recommendations.
The government appointed the Seventh Pay Commission on 28 February 2014 under chairman, Justice Ashok Kumar Mathur, with a time frame of 18 months to make its recommendations
“There are some data points that are missing, which we hope to get by this month end. We are trying to submit the report by 20 September,” the official of the pay panel also said.
The government’s salary bill will rise by 9.56% to Rs 1,00,619 crore with the implementation of the recommendations of the Seventh Pay Commission, according to a statement tabled in Parliament by Finance Minister Arun Jaitley on August 12.
The recommendations of the Seventh Pay Commission, is likely to be implemented in April, next year.
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