Incentives to Bank officers posted to North Eastern Region - Finance Ministry Order

F.No.4/4/2/2001 -IR

Government of India

Ministry of Finance

Department of Financial Services

Jeevan Deep, IIIrd Floor,

Parliament Street, New Delhi

Dated the September 26,2014

To
The Chairman,SBI/IDBI and CMDs of all PSBs.

Subject: Incentives to officers posted to North Eastern Region — revision thereof

Read More »

Trade unions' rally to protest against price rise

   An estimated 1.5 lakh workers affiliated to various trade unions joined a march to Parliament on Wednesday, protesting against high food prices, unemployment and demanding a social security fund for unorganised workers.

   Members of the Indian National Trade Union Congress , a Congress-affiliated trade union, joined other trade unions, in a rare display of unity. Intuc’s move was remarkable as it marched against the policies of a government led by the party it is affiliated to. Intuc leaders have maintained that they were protesting the increased hardships faced by workers. Traffic in many of Delhi’s key roads were blocked as long lines of workers carrying flags and shouting slogans snaked through. Protesters started their march from different points in the city and converged at Parliament Street.

   "I’m a Congress MP, but I will not waver from joining this movement in defence of the rights of the workers particularly when policies of the government is hurting interests of the people," Intuc president G Sanjeeva Reddy said.

   All India Trade Union Congress (AITUC) general secretary Gurudas Dasgupta said Reddy had faced pressure from the government and his party to back away from the rally and credit was due to him for not succumbing to it. "We will intensify the movement if the government does not relent," Dasgupta said.

   Even Centre for Indian Trade Unions and Hind Mazdoor Sabha participated in the march.

Source;economictimes

Read More »

Performance-based incentive for Central Govt staff from next FY

     NEW DELHI: Employees of 62 central government departments could start earning a performance-based incentive, over and above their existing salaries, from as early as the next financial year. The incentive will be based on the department's scorecard in meeting yearly targets committed by their respective secretaries and ministers as part of the results-framework documents (RFD) system.

     The committee of secretaries looking into performance-based incentive for government employees is said to have already zeroed in on a formula that offers a secretary-level officer an incentive up to 40% of the basic salary, provided his department has met 100% RFD targets.

     A scorecard of 70% and less in meeting RFD targets would however attract zero incentive. However, no penalty will be imposed on the non-performing officers.

     The secretaries' panel, headed by the Cabinet secretary, has already completed three crucial meetings and is looking to finalise its recommendations in time to enable performance-linked salaries in the coming financial year.

     The corporatisation of government departments by linking babudom's salaries with their performance was recommended by successive Pay Commissions over the last 22 years. Starting with the Fourth Pay Commission , performance-linked incentive has been a recommendation of the Fifth and Sixth pay panel reports as well. However, in the absence of any credible benchmark for measuring a government officer's performance, the performance-based incentive proposal never got off the ground.

     With the 2010-11 RFD scorecards for 62 departments set to be finalised by May and brought into the public domain by June 2011 - incidentally, though the RFD scorecards for the three months of 2010 were never published, they are very much available - the committee of secretaries on performance-linked incentive is said to have worked out a formula to calculate the incentive for a secretary as well as the officials lower down. For a secretary-level officer, the incentive is proposed to be 15% of cost savings (budgeted expenditure minus actual expenditure) by the department multiplied by its composite score less 70, divided by 30.

     The incentive will be higher with each passing year. In other words, secretary of a department that meets 100% RFD targets for a year would get 20% performance-based incentive in the first three years, 30% in the next three years and 40% between the sixth and ninth year. A 70% scorecard would however attract no incentive.

     For a joint secretary, the incentive will be sum of 30% of departmental composite score and 70% of divisional composite score. Since the incentive will be paid from cost savings of the department resulting from improved performance, there will be no extra burden on the exchequer. The government, incidentally, is not in favour of penalising the non-performing officers.

     The reasoning being that not getting any incentive, or absence of recognition, would be punishment enough for the under-performers. With the committee of secretaries also planning to lay down the condition that performance-linked incentive will accrue to only those departments that have submitted RFDs for two consecutive years, the key five departments of PMO , home, finance, defence, external affairs who are still not covered by the RFD system will not qualify for the incentive.

Courtesy;economictimes

Read More »

Shri Murli Deora Announces Cash Incentives to Medal Winners in Commonwealth Games 2010

Shri Murli Deora, Minister Petroleum & Natural Gas and Patron of Petroleum Sports Promotion Board (PSPB) has announced cash incentives to the Indian medal winners in the Commonwealth Games, 2010. In a decision taken by the Board this morning, the gold medalist would be awarded a cash prize of Rs. 10 lakhs, Silver medalist Rs. 7.5 lakhs and Bronze medalist Rs. 5 lakh.

Describing the significance of the decision, Shri Deora said that this will go a long way in promoting sports in the country. He expressed hope that the lead provided by the oil PSUs and PSPB will encourage youngsters to take sports as a career.

PSPB has to its credit promoting some of the leading players of the country in various games like Ronjan Sodhi (Shooting); Ms Saina Naiwal, Chetan Anand, Ms Jwala Gutta, V Diju (Badminton); Sharad Kamal, Soumyadeep Roy, Ms Poulami Ghatak, Subojit Saha, A Amal Raj (Table Tennis); some of the prominent athletes like Ms Harvant Kaur (Discuss), Om Prakash (Shotput), Ms Sinimone Paulose (800 mtrs), Ms Chitra, Ms Mandeep, Ms Jauna Murmur and Ms Tiana (4 x 400) ; Jagsir Singh (Javelin) and Rohan Boppana (Tennis). Nearly 50 sports persons affiliated to PSPB are representing India in the Games.

Shri Deora was very much impressed by the overall arrangements in-place for hosting a successful mega event like CWG. He observed that Delhi is in a strong grip of the spirit of the games.

Shri R S Sharma, President PSPB & CMD ONGC also stated that with today’s announcement Indian athlete will be further motivated to give their best in CWG 2010 and bring glory to the Nation by winning maximum medals. He further said that PSPB will continue to play a vital role in the development of sports in country. In this endeavour PSPB is setting up an Archery Academy at Bolpur(West Bengal), in addition to its existing Table Tennis Academy at Ajmer.

PSPB is a leading body of oil PSUs for promotion and development of sports in the country.

Read More »

Revision of hourly rates of incentive bonus and bonus factor

                                                                GOVERNMENT OF INDIA
                                                                 MINISTRY OF RAILWAYS
                                                                     (RAILWAY BOARD)
No.2008/M(W)/814/38                                                                     New Delhi,dated: 23.02.2010

The GMs / CAO(R)
All Indian Railways/Production Units,

Subject : Revision of hourly rates of incentive bonus and bonus factor of Workshops / PUs in respect of staff under CRJ pattern / GIS - Clarification.
Ref: Board's letter of even no. dated 29.10.09.

Vide Board's letter under reference, the revised hourly rates of incentive bonus and bonus factor of workshops / PUs were advised to the Railways. Some of the Railways have sought certain clarifications regarding implementation of above instructions. The details of issues raised the clarifications are given below:

i. Issue: Date of revision of incentive bonus in case of SSE / SE (Grade Pay 4600).
Clarification: The revised in case of SSEs / SEs (Grade Pay 4600) will be effective from 1.6.09.
ii. Issue: Category of supervisors who are entitled for incentive.
Clarification: SSEs / SEs directly supervising the staff working on the shop floor are entitled for payment of incentive bonus at a flat rate of 15% of the basic pay. For related issues, kindly refer to Board's letter No.99/M(Prod.)/814/35 dated 22.5.2000 and 16.3.2004.
iii. Issue: Guidelines for reduction of 5% in allowed time.
Clarification: Workshops / PUs may reduce the normalized time for individual activity in such a manner that the overall allowed time for that activity is reduced by 5%.
iv. Issue: Payment of incentive to staff and supervisors on getting the benefit of Modified Assured Career Progression (MACP).
Clarification: Incentive payment should be decided on the basis of the post/designation held by the employee and the hourly rate/bonus factor corresponding to that post/designation.

(Vinod Kumar)
Jt. Director Mech. Engg.(P)I
Railway Board

Read More »