Strike Preparation Meetings in Karnataka

Press Statement

7th Pay Commission Allowances Committee yet to submit its report to Govt – Lok Sabha Q & A – Minister Replies in Parliament

Lok Sabha Press Release regarding 7th Pay Commission Allowances Committee – Minister says committee is yet to submit its report to Govt

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

LOK SABHA

UNSTARRED QUESTION No.1778

ANSWERED ON : 10.03.2017

TO BE ANSWERED ON FRIDAY, THE 10TH MARCH, 2017

PHALGUNA 19, 1938 (SAKA)

COMMITTEE ON ALLOWANCES OF SEVENTH CENTRAL PAY COMMISSION

QUESTION

1778. SHRI SULTAN AHMED:

SHRI DUSHYANT CHAUTALA:

Will the Minister of FINANCE be pleased to state:

(a) Whether the Government has set up a committee to examine the various allowances in the light of recommendation made by the Seventh Central Pay Commission.

(b) if so, the details and terms of reference thereof:

(c) Whether the said Committee on allowances has submitted its report to the Government, if so, the recommendations made by the Committee along with the follow-up action taken by the Government thereon:

(d) if not, the reasons therefor and the time by which the said report is likely to be submitted; and

(e) whether the Government proposes to give arrear of House Rent Allowance and other Allowances with effect from the month of notification of implementation of Seventh Central Pay Commission, if so, the details thereof and if not, the reasons therefor?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE

(SHRI ARJUN RAM MEGHWAL)

(a) & (b): Yes the committee on Allowances has been constituted vide order dated 22.07.2016. The committee is to examine the recommendations of the 7th CPC in regard to various allowances having regard to the representations made by the Staff Associations and the suggestions of the concerned Ministries/Departments and make recommendations as to whether any changes in the recommendations of the 7th CPC are warranted and if so, in what from.

(c) & (e): The Committee has not submitted its report to the Government. The deliberations of the Committee are in the final stages. Decisions on implementing the Report will be taken after the Report is submitted by the Committee.

Happy Women's Day

Happy Women's Day greetings from COC Karnataka

International Women’s Day, as the name implies, is a day to celebrate womanhood, their social, political, cultural, political, economic achievements and their significant contributions to society, while laying importance on gender equality. People across the world come together to commemorate women — not just well-known personalities, but also each woman who plays a pivotal part in the shaping of their lives. The day has come to be increasingly associated with feminism and equal rights for women. It asserts the equal freedoms and rights that women have access to just like men.

2017 womens day theme"Be Bold For Change"

At CPMG Office Bangalore 

At CPMG Office Bangalore 

At Postal Accounts  Office Bangalore 

At Postal Accounts  Office Bangalore 

At Postal Accounts  Office Bangalore 

At Post  Office Shimoga 

At  AG's   Office Bangalore 

At  AG's   Office Bangalore 

At  AG's   Office Bangalore 

At  AG's   Office Bangalore

Photos of Black Day in Karnataka State

AICGWBEA 

Census  

Survey of India 

ITEF

Postal Chennapatna

Survey of India 

City RMS

ITEF Bangalore 

GPO Bangalore 

GPO Bangalore

GPO Bangalore

Civil Accounts 

Hubli RMS 

Postal Accounts 

ITEF 

 Postal 

Postal 

Gulbarga RMS

Shimoga Postal

 ITEF Belgaum 

AICGWBEA Belgaum 

Postal Bangalore 

Postal Bangalore 

Postal 

Postal Bangalore 

Postal Bangalore 

Postal Bangalore 

Postal Mysore 

Postal Bangalore 

Postal Bangalore 

Postal Bellary 

Postal Bellary 

Postal Bellary 

Report of 3rd Pay Revision Committee for Central Public Sector Enterprises Effective from 1st January 2017.

CLICK HERE FOR REPORT 

NPS

PENSION FUND REGULATORY

AND DEVELOPMENT AUTHORITY

g-14/A. Chhatrapati Shivaji Bhawan

Qutab Institutional Area.

Katwaria sarai. New Delhi-110016

CIRCULAR

PFRDA/2017/8/PD/2

01 March 2017

To

All Stakeholders in the National Pension System

Subiect: Allowing multiple choice to the subscribers/corporates to change Investment Option and Asset Allocation Ratio during the Financial Year

1. As per the extant guidelines, subscriber can change his/her existing Pension Fund the investment option(Active or Auto choice) as well as asset allocation ratio (allocation among asset class-Equity/Corporate Bonds/Government securities/ Alternative investment ) once in a financial year. This scheme preference is applicable to the existing pension corpus as well as to the prospective subscriptions. Similarly in the NPS-Corporate Model where the choice of Pension Fund and Investment Options is exercised at Corporate level. the Corporates also have the option to change the pension fund and investment option and also asset allocation ratio once in a financial year,

2.In order to provide more choices in terms of investment option and asset allocation, the following has been decided:

(i) The subscribers/corporates will have the choice for change of the investment option (Active or Auto choice) as well as asset allocation ratio (allocation among asset class-Equity/Corporate Bonds/Government Securities/ Alternative Investment) two times in a financial year.

This scheme preference will be applicable to the existing pension corpus as well as to the prospective subscriptions, The option will be available separately for Tier I and Tier accounts,

(ii) The choice Of change Of pension Fund shall remain once in a financial year.

4. The changes will come into effect from 01st April 2017.

Yours faithfully

(AkhleSh Kumar)

Deputy General Manager

Authority: http://www.pfrda.org.in/

CPI and DA as on January 2017

Consumer Price Index for Industrial Workers (CPI-IW) for the month of January 2017 decreased by one point and stood at 274.  The DA as on January 2017 is at 5.11% .