Tuesday, 1 March 2016

Funds for 7th CPC & OROP have been provided in Budget 2016-17

Para 3 of Budget at Glance document says that funds allocation to meet the obligations of 7th CPC & OROP have been provided.  The text of para 3 of Budget 2016-17 reproduced below:-

3. Budget 2016-17 reflects Government’s firm commitment to substantially boost investment in Agriculture, Social Sector, Infrastructure and employment generation on the one hand and simultaneously sticking to the fiscal consolidation path.

This is substantiated by a huge 15.3% jump in Plan outlay and 9% increase in Non Plan outlay in 2016-17 over RE (2015-16) while simultaneously conforming to the fiscal deficit target of 3.5%. Besides additional allocation to meet the obligations of 7th pay commission recommendation and implementation of one rank one pension (OROP) in Defence have also been provided.

4. In RE (2015-16), the plan outlay at `4,77,197 crore is more than the BE (2015-16) by `11,920 crore. With minor reduction in Non-Plan, the total expenditure outlay in RE (2015-16) at `13,08,194 crore is ` 7,914 crore more than BE (2015-16). Accordingly, the Fiscal Deficit target of 3.9% has been achieved without reduction in expenditure outlay at RE stage. The total plan outlay for 2016-17 is ` 5,50,010 crore and NonPlan outlay is `14,28,050.45 crore.

Budget document also says that 7th CPC will be implemented from 1st January, 2016.

Source: Budget Document

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Finance Minister not given assurance for reviewing the retrograde recommendations of 7th CPC – NFIR

National Federation of Indian Railwaymen
3, Chelmsford Road, New Delhi 110 055

Press Statement of M.Raghavaiah, General Secretary

Finance Minister Arun Jaitley’s Budget (2016-17) failed to address the genuine aspirations of working class.

The Income Tax Exemption limit for serving and retired Central Government employees has not been revised.

The Fixed Medical Allowance for Retired Central Government employees has not been raised to Rs. 2000/- p.m. from the existing Rs. 500/- p.m., resulting continued hardship to Retired Central Government employees who live in remote places and small towns where medical facilities not provided.

The Finance Minister has not spoken on the employees’ demand for abolition of New Pension Scheme.

It is sad to note that the Finance Minister has not given assurance for reviewing the retrograde recommendations of 7th Central Pay Commission although he said that a Committee has been constituted.

The Workers’ of Government Sector, Private as well Unorganized Sectors are disappointed over the Budget announcements.

Mr.Raghavaiah, General Secretary, NFIR has urged upon the Prime Minister to accept Railway Minister’s proposal sent in November, 2015 and see that Railway Employees are exempted from New Pension System.

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