Showing posts with label Finance Ministry Order. Show all posts
Showing posts with label Finance Ministry Order. Show all posts

Thursday, August 25, 2016

Second Meeting of the Committee Constituted to Examine the Recommendations of 7th Central Pay Commission regarding Allowances.

No.11-1/2016-IC
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
Department of Expenditure
(Implementation Cell)

Room No.216, Hotel Ashok,
Chankyapuri, New Delhi,
Dated :22/23.08.2016

To
Shri Shiva Gopal Mishra
Secretary, National Council (Staff Side), JCM
13C, Feroz Shah Road,
New Delhi.

Subject: Second Meeting of the Committee constituted to examine the recommendations of 7th Central Pay Commission regarding Allowances.

Sir,

I am directed to inform that the 2nd Meeting of the Committee on Allowances will be hedl on 01st September, 2016 at 3.00 PM in Room No.72, North Block, New Delhi under the Chairmanship of Finance Secretary & Secretary (Expenditure).

2. I am further directed to inform that the Committee on Allowances has desired to meet the representatives of the National Joint Council of Action (NJCA) in the aforesaid meeting to obtain their views on the recommendations of 7th Central Pay Commission relating to allowances.

3. You are, therefore, requested to attend the aforesaid meeting with their members of Standing Committee of National Council Staff Side (JCM). The names of the members attending the meeting may please be sent on or before 29th August, 2016 to the undersigned so that necessary arrangements can be made.

Yours sincerely,

Sd/-
(Abhay N.Sahay)
Under Secretary (IC-7th CPC)

Source: AIRF
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Monday, August 01, 2016

Date of Next Increment in Revised Pay Structure.

(1) There shall be two dates for grant of increment namely, 1st January and 1st July of every year, instead of existing date of 1st July:

Provided that an employee shall be entitled to only one annual increment either on 1st January or 1st July depending on the date of his appointment, promotion or grant of financial upgradation.

(2) The increment in respect of an employee appointed or promoted or granted financial upgradation including upgradation under Modified Assured Career Progression Scheme (MACPS) during the period between the
2nd day of January and 1st day of July (both inclusive) shall be granted on 1st day of January and the increment in respect of an employee appointed or promoted or granted financial upgradation including upgradation under MACPS during the period between the 2nd day of July and 1st day of January (both inclusive) shall be granted on 1st day of July.

Illustration:

(a) In case of an employee appointed or promoted in the normal hierarchy or under MACPS during the period between the 2nd day of July, 2016 and the 1st day of January, 2017, the first increment shall accrue on the 1st day of July, 2017 and thereafter it shall accrue after one year on annual basis.

(b) In case of an employee appointed or promoted in the normal hierarchy or under MACPS during the period between 2nd day of January, 2016 and 1st day of July, 2016, who did not draw any increment on 1st day of July, 2016, the next increment shall accrue on 1st day of January, 2017 and thereafter it shall accrue after one year on annual basis:

Provided that in the case of employees whose pay in the revised pay structure has been fixed as on 1st day of January, the next increment in the Level in which the pay was so fixed as on 1st day of January, 2016 shall accrue on 1st day of July, 2016:

Provided further that the next increment after drawal of increment on 1st day of July, 2016 shall accrue on 1st day of July, 2017.

(3) Where two existing Grades in hierarchy are merged and the junior Government servant in the lower Grade happens to draw more pay in the corresponding Level in the revised pay structure than the pay of the senior Government servant, the pay of the senior government servant shall be stepped up to that of his junior from the same date and he shall draw next increment in accordance with this rule.

Source:http://www.finmin.nic.in/7cpc/7thCPC_revisedpayrules25072016.pdf
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Saturday, June 04, 2016

Resolution – Accumulations at the credit of subscribers to the GPF and other similar funds – 2016

(PUBLISHED IN PART I SECTION OF GAZETTE OF INDIA)

F.No.5(1)-B(PD)/2016
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, Dated the 2nd June, 2016

RESOLUTION

It is announced for general information that during the year 2016-2017, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.1% (Eight point one per cent) w.e.f. 1st April, 2016 to 30th June, 2016. This rate will be in force w.e.f. 1st April, 2016. The funds concerned are:-

1. The General Provident Fund (Central Services)
2. The Contributory Provident Fund (India)
3. The All India Services Provident Fund
4. The State Railway Provident Fund
5. The General Provident Fund (Defence Services)
6. The Indian Ordnance Department Provident Fund
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund
9. The Defence Services Officers Provident Fund
10. The Armed Forces Personnel Provident Fund.

2. Ordered that the Resolution be published in Gazette of India.

Sd/-
(H.K. Srivastav)
Director (Budget)

Source: www.finmin.nic.ina
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Tuesday, September 16, 2014

Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2013-14.

No.7/24/2007/E III (A)
Government of India
Ministry of Finance
Department of Expenditure
E III (A) Branch

New Delhi, the 16th September, 2014

OFFICE MEMORANDUM

Subject :- Grant of Non-Productivity Linked Bonus (ad-hoc bonus) to Central Government Employees for the year 2013-14.

The undersigned is directed to convey the sanction of the President to the grant of Non-Productivity Linked Bonus (Ad-hoc Bonus) equivalent to 30 days emoluments for the accounting year 2013-14 to the Central Government employees in Groups ‘C’ and ‘D’ and all non-gazetted employees in Group ‘B’, who are not covered by any Productivity Linked Bonus Scheme. 

The calculation ceiling for payment of ad-hoc Bonus under these orders shall continue to be monthly emoluments of Rs. 3500/-, as hitherto. The payment of ad-hoc Bonus under these orders will also be admissible to the eligible employees of Central Para Military Forces and Armed Forces. The orders will be deemed to be extended to the employees of Union Territory Administration which follow the Central Government pattern of emoluments and are not covered by any other bonus or ex-gratia scheme.

2. The benefit will be admissible subject to the following terms and conditions:

(i) Only those employees who were in service as on 31.3.2014 and have rendered at least six months of continuous service during the year 2013-14 wIll be eligible for payment under these orders. Prorata payment will be admissible to the eligible employees for period of continuous service during the year from six months to a full year, the eligibility period being taken in terms of number of months of service (rounded off to the nearest number of months).

(ii) The quantum of Non-PLB (ad-hoc bonus) will be worked out on the basis of average emoluments/calculation ceiling whichever is lower. To calculate Non-PLB (Ad-hoc bonus) for one day, the average emoluments In a year will be divided by 30.4 (average number of days in a month). This will there after be multiplied by the number of days of bonus granted To illustrate, taking the calculation ceiling of monthly emoluments of Rs. 3500 (where actual average emoluments exceed Rs. 3500), Non.PLB (Ad-hoc Bonus) for thirty days would work out to Rs. 3500×30/304=Rs.3453.95 (rounded off to Rs.3454/-).

(iii) The casual labour who have worked in offices following a 6 days week for at least 240 days for each year for 3 years or more (206 days in each year for 3 years or more in the case of offices observing 5 days week), will be eligible for this Non-PLB (Ad-hoc Bonus) Payment. The amount of Non-PLB (ad-hoc bonus) payable will be (Rs.1200×30/30.4 i.e.Rs.1184.21 (rounded off to Rs.1184/-). In cases where the actual emoluments fall below Rs.1200/- p.m., the amount will be calculated on actual monthly emoluments.

(iv) All payments under these orders will be rounded off to the nearest rupee.

(v) The clarificatory orders issued vide this Ministry’s OM No.F.14 (10)—E. Coord/88 dated 4.10.1988, as amended from time to time, would hold good.

3. The expenditure on this account will be debitable to the respective Heads to which the pay and allowances of these employees are debited.

4. The expenditure incurred on account of Non-PLB (Ad-hoc Bonus) is to be met from within the sanctioned budget provision of concerned Ministries/Departments for the current year.

5. In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these orders are issued in consultation with the ComroIler and Auditor General of India.

Sd/-
(Amar Nath Singh)
Deputy Secretary to the Govt. of India

Source:http://finmin.nic.in/the_ministry/dept_expenditure/notification/bonus/bonus2014.pdf
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Saturday, September 06, 2014

Setting up of a Committee to examine un-claimed amount remained in PPF, Post Office Savings Schemes etc.

No.13/20/2014-NS.II
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)

236, North Block, New Delhi-110001.
Dated the 03rd September, 2014.

NOTIFICATION

Subject: Setting up of a Committee to examine un-claimed amount remained in PPF, Post Office Savings Schemes etc.

The Finance Minister, vide para 39 of his Budget Speech 2014-15, had announced that “a large amount of money is estimated to be lying as unclaimed amounts with PPF, Post Office, Savings Schemes etc. these are mostly out of investments belonging to the senior citizens and on their demise, remain unclaimed for want of relevant payment instructions” and has proposed to set up a Committee to examine and recommend how this amount can be used to protect and further financial interest of the senior citizens.

Accordingly, with the approval of Finance Minister, a Committee has been set up with the following composition:

1) Deputy Governor, RBI - Chairman
2) Secretary, Department of Posts - Member
3) Joint Secretary (Law), M/o Law and Justice - Member
4) Dy. Managing Director of S.B.I - Member
5) Executive Director, Punjab National Bank - Member
6) Joint Secretary (Budget), DEA - Member
7) Joint Director,

National Savings Institute
Member-Secretary

2. The Terms of Reference (TOR) of the committee would be :

? Based on defined scope, by Reserve Bank of India, estimation of amount lying unclaimed under various scheme’s (Small Savings and other Savings Schemes of banks) with Post Offices/ Public Sector Banks;

? Procedure for bringing such unclaimed deposits to a common pool to be suggested by the Committee. Changes, if any, required to be made in the legal framework may be suggested. Committee to also suggest if such a pool should be placed within Government account or outside it.

? Committee to recommend how this unclaimed amount can be used to protect and further financial interests of the senior citizens.

3. The Committee will submit its Report by 31st December,2014.

(RAJENDER KUMAR THAKUR)
Under Secretary to the Government of India

Copy to :

1. Dy. Governor (Shri H. R. Khan), RBI, Mumbai;
2. Secretary, Department of Posts, Dak Bhawan, New Delhi;
3. Joint Secretary (Law), M/o Law and Justice, New Delhi;
4. Dy. Managing Director, State Bank of India;
5. Executive Director, Punjab National Bank;
6. Joint Secretary (Budget), D/o Economic Affairs; &
7. Joint Director, National Savings Institute, MoF, Nagpur.

Copy for information to :-

1. P.S. to Finance Minister;
2. P.S. to Finance Secretary;
3. The DDG, NIC, North Block, New Delhi – with the request to upload the notification on the web-site of MoF.

Source:http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/committee_unclaimfund_PPF_POSS.pdf
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Sunday, August 17, 2014

Simplification of pension procedure-submission of undertaking by retiring Government servant along with pension papers

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF EXPENDITURE
CENTRAL PENSION ACCOUNTING OFFICE
TRIKOOT-II, BHIKHAJI CAMA PLACE,
NEW DELHI-110066

CPAO/Tech/Simplification/2014-15/241-351

8.8.2014

Office Memorandum

Sub: Simplification of pension procedure-submission of undertaking by retiring Government servant along with pension papers

“The Scheme for Payment of pensions to Central Government Civil Pensioners through Authorized Banks" issued by CPAO provides for an undertaking of recovery of overpayment to be submitted by the retiring Government servant/pensioner to the pension disbursing bank before commencement of pension. Delayed submission of this undertaking has been a main reason in crediting the first payment of pension to the pensioners account.

In order to simplify the pension procedure and consequent upon the delinking of commencement of pension with the first time identification of the pensioner by bank, the Department of Pension & Pensioners’ Welfare has approved the submission of undertaking by the retiring Government servant along with pension papers before his retirement. 

Now. the required undertaking may be obtained by the Head of Office from the retiring Goventment servant along with Form 5 and other documents before his retirement and forwarded the same to Pay and Accounts Office along with pension case for onward transmission ‘to bank through CPAO. The undertaking shall be addressed to the Branch Manager of the Pension Account Holding Branch and in the prescribed format (copy enclosed)

These instructions were earlier issued by Department of Pension & Pensioners’ Welfare vide their OM dated 7th May, 2014 and CPAO vide its OM dated 28th May. 2014 (available on CPAOs‘ website). But it has been noticed that Head of the Offices and Pay and Accounts Offices are not even aware of these instructions so far. Consequently, these instructions are not being implemented and the main reason of delay in first credit of pension by the banks still persists.  This is a matter of great concern.

Therefore. all Pr. CCAs/CCAs/CAs are requested to issue directions to their PAOs for complying with the OM No. CPAO/Tech/Simplification/2014-15/52 dated-28.05.2014 and to ensure that all pension cases received from Head of Offices are supported with undertaking of recovery of overpayment and the same is invariably forwarded to CPAO as a part of PPO booklet for onward transmission to CPPC of the bank. All authorization sections in CPAO have already been directed not to accept any pension case for authorization of pension payment received without the undertaking.

Sd/-
(Suman Bala)
Chief Controller (Pensions)

Source:http://cpao.nic.in/pdf/cpao_tech_simplification_2014-15_241_351.pdf
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Wednesday, November 20, 2013

Loans and Advances by the Central Government – Interest rates and other terms and conditions.

F.No.5(3) – B (PD)/2013 
Government of India 
Ministry of Finance 
Department of Economic Affairs

New Delhi, the 12th November, 2013

OFFICE MEMORANDUM

Subject: Loans and Advances by the Central Government  – Interest rates and other terms and conditions.

   Reference this Ministry’s Office Memorandum F.No.5(3) – B (PD) 2012 dated 7thJanuary, 2013 on the captioned subject.

   2. The lending rates prescribed in the aforesaid Office Memorandum have been reviewed. The revised rates of interest applicable from 1st April, 2013 are given in the Table below:

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Friday, September 20, 2013

Expenditure Management – Economy Measures and Rationalization of Expenditure.

No.7(2)1E.Coord/2013
Ministry of Finance
Department of Expenditure

New Delhi, the 18th September, 2013

OFFICE MEMORANDUM

Sub: Expenditure Management – Economy Measures and Rationalization of Expenditure.

   Ministry of Finance, Department of Expenditure has been issuing austerity instructions from time to time with a view to containing non- developmental expenditure and releasing additional resources for priority schemes. The last set of instructions was issued on 31st May 2012, 1st November 2012 and 14th November 2012. Such measures are intended at promoting fiscal discipline, without restricting the operational efficiency of the Government. In the context of the current fiscal situation, there is a need to continue to rationalize expenditure and optimize available resources. With this objective, the following measures for fiscal prudence and economy will come into immediate effect:-

2.1 Cut in Non-Plan expenditure:
   For the year 2013-2014, every Ministry/Department shall effect a mandatory 10% cut in non-Plan expenditure excluding interest payment, repayment of debt, Defence capital, salaries, pension and the Finance Commission grants to the States. No re-appropriation of funds to augment the Non-Plan heads of expenditure on which cuts have been imposed, shall be allowed during the current fiscal year.

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