RBI Issued a Form - for Changing the Rs. 500 and Rs. 1000 Currency.

RBI Issued a Form - for Changing the Rs. 500 and Rs. 1000 Currency.

Reserve Bank of India issued a new form to change the Old Rs. 500 and Rs. 1000 currency. To view the format please click here....

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500 and 1000 Rupees notes Scrapped - Prime Minister Shri Narendra Modi

500 and 1000 Rupees notes Scrapped - Prime Minister Shri Narendra Modi

Press Information Bureau 

Government of India

Prime Minister's Office

08-November-2016 21:36 IST

Historic announcements on ending corruption and black money by PM; Five hundred and one thousand rupee notes will no longer be legal tender from midnight tonight

In a historical move that will add record strength in the fight against corruption, black money, money laundering, terrorism and financing of terrorists as well as counterfeit notes, the Government of India has decided that the five hundred and one thousand rupee notes will no longer be legal tender from midnight, 8th November 2016. 

The Government has accepted the recommendations of the RBI to issue Two thousand rupee notes and new notes of Five hundred rupees will also be placed in circulation. 

Notes of one hundred, fifty, twenty, ten, five, two and one rupee will remain legal tender and will remain unaffected by the decision today. 

Prime Minister Shri Narendra Modi made these important announcements during a televised address to the nation on the evening of Tuesday 8th November 2016. He said that these decisions will fully protect the interests of honest and hard-working citizens of India and that those five hundred and one thousand rupee notes hoarded by anti-national and anti-social elements will become worthless pieces of paper. 

The Prime Minister said the steps taken by the Government would strengthen the hands of the common citizens in the fight against corruption, black money and counterfeit notes. 

Fully sensitive to some of the difficulties the common citizens may face in the coming days, the Prime Minister has announced a series of steps that will help overcome the potential problems. 

Persons holding old notes of five hundred or one thousand rupees can deposit these notes in bank or post offices from 10th November onwards till 30th December, the Prime Minister announced. There are also some limits placed on the withdrawals from ATMs and bank for the very short run. 

Shri Modi stated that on humanitarian grounds notes of five hundred and one thousand rupees will be accepted at government hospitals, pharmacies in government hospitals (with prescription of a doctor), booking counters for railway tickets, government buses, airline ticket counters, petrol, diesel and gas stations of PSU oil companies, consumer cooperative stores authorized by the state or central government, milk booths authorized by state government and crematoria, burial grounds. 

Shri Modi emphasized that there is no restriction on any kind of non-cash payments by cheques, demand drafts, debit or credit cards and electronic fund transfer. 

In his address the Prime Minister shared the insight into how the magnitude of cash in circulation is linked to inflation and how the inflation situation is worsened due to the cash deployed through corrupt means. The Prime Minister added that it adversely affects the poor and the neo-middle class people. He cited the example of the problems being faced by the honest citizens while buying houses. 

A time-tested commitment to eradicate black money 

The Prime Minister has time and again said that the Government is committed to ensure that the menace of black money is overcome. Over the past two and a half years of the NDA Government, he has walked the talk and led by example. 

The very first decision of the Prime Minister led NDA government was the formation of a SIT on black money. 

A law was passed in 2015 on disclosure of foreign bank accounts. In August 2016 strict rules were put in place to curtail benami transactions. During the same period a scheme to declare black money was introduced. 

The efforts have borne fruit. Over the past two and a half years, more than Rs. 1.25 lakh crore of black money has been brought into the open. 

Raising the issue of black money at the world stage 

Prime Minister Narendra Modi has time and again raised the issue of black money at the global forum, including at important multilateral summits and in bilateral meetings with leaders. 

Record growth in last two and a half years 

The Prime Minister said that the efforts of the Government have led to India emerging as a bright spot in the global economy. India is a preferred destination for investment and India is also an easier place to do business in. Leading financial agencies have shared their optimism about India’s growth as well. 

Combined with this, Indian enterprise and innovation has received a fillip due to the ‘Make in India’, ‘Start up India’ and ‘Stand up India’ initiatives that seek to celebrate enterprise, innovation and research in India. 

The historic announcements made by the Prime Minister will add value to the already thriving efforts of the Central Government. 

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Admissibility of House Rent Allowance in the event of Non-Acceptance or Surrender of Railway Residential Accommodation

Admissibility of House Rent Allowance in the event of Non-Acceptance or Surrender of Railway Residential Accommodation

GOVERNMENT OF INDIA

MINISTRY OF RAILWAYS

(RAILWAY BOARD)

No. E(P&A)-II/2012/F.E.2/4.

The General Secretary,

NFIR,

3, Chelmsford Road,

New Delhi — 110 055.

New Delhi, dated 31/10/2016.

Sub.:- Admissibility of House Rent Allowance in the event of non-acceptance or surrender of railway residential accommodation —reg.

Ref.:- 1. NFIR’s letter No. 1/5(c )/Part I dated 22/02/2016.

2. NFIR’s letter No. 1/5(c )/Part I dated 25/04/2016.

I am directed to refer to your letters quoted above. The subject item (No. 40/2012) refers to admissibility of HRA in the event of non-acceptance or surrender of Railway residential accommodation. While this is governed by Railway Board’s letter No. E(P&A)-II/99/HRA-2 dated 16/03/2000; the Federation vide their letter No. 1/5(c) Pt. I dated 09/04/2012 had asked for review of the clause mentioned in Board’s letter ibid that HRA will not be admissible to railway employees for whom railway accommodation is specifically earmarked or to those employees, whose occupation of railway quarters is essential for easy accessibility during emergencies and efficient discharge of their duties etc. (“essential staff’).

2. Subsequently, as recorded in the PNM meeting held on 30-31 January, 2014, it was explained to the Federation that wherever there is a house earmarked the employee cannot be allowed HRA. Federation contended that administration cannot deny HRA when earmarked quarters are not fit for occupation and wanted that a clarification be issued in the matter.

3. The item was further discussed by the Federation with the Board on 15/07/2015 and it was recorded as “As decided in the earlier meeting, a clarification after reviewing the matter is to be issued. Official Side stated that they propose to issue instructions in consultation with Civil Engineering Directorate. Federation stated that while they do not understand the need for a consultation with the Civil Engineering in this case, they requested the clarification be issued quickly. It was agreed to do so. The item to be closed thereafter” .

4. Accordingly, the matter had seen referred to Land & Amenties Dte. who confirmed that instructions were in place (issued vide RB/L&A No. 009/2011 dated 19/09/2011 to all Zonal Railway, PUs etc.) regarding dismantling of condemned/abandoned quarters, and that quarters declared condemned are not made available for allotment.

5. In line with the assurance recorded at para 3 above, letter No. E(P&A)- II/2012/F.E.2/4 dated 12/10/2015 was issued to all Zonal Railway and Production Units etc. that before allotment of Railway quarters, it should be ensured that such quarters are fit for occupation. Copy of this letter was also endorsed to the Federation.

6. It is, therefore, submitted that the letter dated 12/10/2015 referred to had already been issued by the time minutes of the discussions on the item held with NFIR on 8th and 9th October, 2015 were finalized/received and this was also explained in the meeting with NFIR in 18/01/2016. There has, therefore, been no deliberate violation of the assurance given to the Federation.

7. As, in terms of extant instructions, quarters unfit for occupation are not to be allotted, the question of allowing HRA against such allotment does not arise, in general. Any violation of the extant instructions can be taken up with the concerned field formation for appropriate remedial action.

For Secretary/Railway Board

Source:www.nfirindia.org

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Recommendations of the 7th CPC, Dearness Allowance to Central Government Employees — Rates effective from 1.7.2016, DA Orders Issued

Recommendations of the 7th CPC, Dearness Allowance to Central Government Employees — Rates effective from 1.7.2016, DA Orders Issued

No.1/2.2016-E-II

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, the 4th November, 2016

OFFICE MEMORANDUM

Subject: Recommendations of the Seventh Central Pay Commission — Decision of Government relating to grant of Dearness Allowance to Central Government employees — Rates effective from 1.7.2016.

The undersigned is directed to say that consequent upon decision taken by the Government on the recommendations of the Seventh Central Pay Commission relating to Dearness Allowance, the President is pleased decide that the Dearness Allowance (DA) to all categories of Central Government employees shall be admissible at rate of 2 percent of basic pay per month, w.e.f.01.07.2016.

2. The revised pay structure effective from 01.01.2016 includes the Dearness Allowance of 125% sanctioned from in the pre-revised pay structure. Thus, Dearness Allowance in the revised pay structure shall be zero from 01.01.2016.

3. The term ‘basic pay’ in the revised pay structure means the pay drawn in the prescribed Level in the Pay Matrix but does not include any other type of pay like special pay. etc.

4.  The Government vide Resolution No.1-2/2016-IC, dated 25/07/2016 has decided that till a final decision Allowances is taken based on the recommendations of the Committee constituted under the Chairmanship of Finance Secretary & Secretary (Expenditure), all Allowances will continue to be paid at existing rates.

5.  The Dearness Allowance will continue be a distinct element of remuneration and will not be treated as pay with in the ambit of FR 9(21).

6.  The payment on account or Dearness Allowance involving fractions of 50 paise and above may be rounded to the next higher rupee and the fractions of less than 50 paise may be ignored.

7. These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant head of the Defence Services Estimates. In respect of Armed Forces personnel ard Railway employees, separate orders will be issued by the Ministry of Defence and Ministry of Raiways, respectively.

8. In so far as the employees working in the ‘Indian Audit and Accounts Department are concerned, these orders are issued in consultation with the Comptroller and Auditor General of India.

Sd/-

(Annie George Mathew)

Joint Secretary to the Government of India

Source: www.finmin.nic.in

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5th Meeting of Committee on Allowances Constituted to Examine the Recommendations of 7th Central Pay Commission regarding Allowances

5th Meeting of Committee on Allowances Constituted to Examine the Recommendations of 7th Central Pay Commission regarding Allowances

No.7-3/2016-PCC

Government of India

Ministry of Communications

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi — 110001

Date: 01.11.2016

To

1.Shri R.N.Prashar,

Secretary General,

National Federation of Postal Employees (NFPE),

7th Floor, North Avenue, PO Building,

New Delhi — 110 001

2.Shri. D.Theagarajan,

Secretary General,

Federation of National Postal Organization (FNPO),

T-24, P&T Atul Grove Road,

New Delhi — 110 001

3.Shri Shivkant Mishra,

Secretary general,

Bhartiya Postal Employees Federation (BPEF)

T-21 Atul Grove Road,

New Delhi – 110 001

Sub : 5th Meeting of Committee on Allowances constituted to examine the recommendations of 7th Central Pay Commission regarding Allowances.

Sirs,

The 5th Meeting of the Committee on Allowances is scheduled to be held on 3rd November 2016 at 5.00 PM in Room No. 72, North Block, New Delhi under the Chairmanship of Finance Secretary & Secretary (Expenditure). During the meeting the allowances relating to Department of Posts will be discussed.

2. In this context, the Implementation Cell, Department of Expenditure has requested to send the names of members of such recognized Associations who will present their views on the allowances recommended by the 7th CPC relating to Department of Posts in the meeting to be held on 03.11.2016. Accordingly, it has been decided to invite General Secretaries of all three federations to attend the said meeting.

3. It is therefore requested to kindly attend the 5th Meeting as scheduled on 03.11.2016 on allowances relating to Department of Posts.

Yours faithfully,

Sd/-

(S.V.Rao)

Director (Establishment)

Source: www.confederationhq.blogspot.in

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Government’s Assurance on 7th CPC Issues Mainly Relating to Minimum Wage & Multiplying Factor – reg.

Government’s Assurance on 7th CPC Issues Mainly Relating to Minimum Wage & Multiplying Factor – reg.

NFIR 

National Federation of Indian Railwaymen

3, Chelmsford Road, New Dlehi – 110055

No.IV/NJCA(N)/20l4/Part II

Dated: 1-11-2016

Shri Narendra Modiji,

Hon’ble Prime Minister of India,

South Block,

Raisina Hill,

New Delhi-l10011

Respected Sir,

Sub: Government’s assurance on 7th CPC issues mainly relating to Minimum Wage & Multiplying Factor – reg.

I seek you valuable time through this letter and place the following for kind consideration and immediate action.

The Central Government employees in general and Railway employees in particular were extremely upset over the retrograde recommendations of 7th Central Pay Commission, particularly the recommendations relating to Minimum Wage and Multiplying Factor. In the wake of Indefinite Strike decision on Charter of demands of NC/JCM Constituent Organizations (Railways, Defence, Postal Confederation etc)., the Group of Ministers held meetings with JCM (Staff Side) leaders on 30th June 2016 & 06th July 2016 and consequently assurance was given that a High Level Committee will examine 7th CPC issues mainly Minimum Wage and Multiplying Factor. On this assurance, JCM Constituent organizations have deferred Strike action on 06th July, 2016.

Though a Committee was constituted under the chairmanship of Addl. Secretary (Exp), Ministry of Finance and discussions held, the response has been disappointing. The employees of Railways and other Central Government departments are greatly disappointed over non-settlement of main issues through discussions.

May I request your kind attention in the matter for implementation of assurance given by Group of Ministers for the revision of Minimum Wage & Multiplying Factor through discussions with NC/JCM (Staff Side) very early.

With Pranams,

Yours sincerely,

Sd/-

(Dr. M.Raghavaiah)

General Secretary

Source: NFIR

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AICPIN for the Month of September 2016 – Expected DA from January 2017

AICPIN for the Month of September 2016 – Expected DA from January 2017

No.5/1/2016- CPI

GOVERNMENT OF INDIA

MINISTRY OF LABOUR & EMPLOYMENT

LABOUR BUREAU

‘CLEREMONT, SHIMLA-171004

DATED: 31st October, 2016

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) — September, 2016

The All-India CPI-IW for September, 2016 decreased by 1 point and stood at 277 (two hundred and seventy seven). On 1-month percentage change, it decreased by (-) 0.36 per cent between August 2016 and September, 2016 when compared with the increase of (+) 0.76 per cent between the same two months a year ago.

The maximum downward pressure to the change in current index came from Food group contributing (-) 1.17 percentage points to the total change. At item level, Arhar Dal, Moong Dal, Masur Dal, Urd Dal, Fish Fresh, Eggs (Hen), Poultry (Chicken), Chillies Green, Onion, Brinjal, Cabbage, Carrot, Gourd, Green Coriander Leaves, Potato, Pumpkin, Tomato, Apple, Banana, Medicine (Allopathic), etc. are responsible for the decrease in index. However, this decrease was checked by Wheat, Wheat Atta, Gram Dal, Mustard Oil, Cauliflower, Parval, Radish, Coconut, Lemon, Tea (Readymade), Snack Saltish, Private Tuition Fee, Petrol, etc.

The year-on-year inflation measured by monthly CPI-IW stood at 4.14 per cent for September, 2016 as compared to 5.30 per cent for the previous month and 5.14 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 4.05 per cent against 6.16 per cent of the previous month and 5.71 per cent during the corresponding month of the previous year.

At centre level, Belgaum, Rajkot, Mumbai and Ahmedabad reported the maximum decrease of 4 points each followed by Ludhiana, Madurai, Agra, Chennai, Warrangal, Bhilwara and Surat (3 points each). Among others, 2 points decrease was observed in 12 centres and 1 point in 18 centres. On the contrary, Angul-Talcher recorded a maximum increase of 7 points followed by Howarah and Amritsar (3 points each). Among others, 2 points increase was observed in 8 centres and 1 point in 7 centres. Rest of the 19 centres’ indices remained stationary.

The indices of 33 centres are above All-India Index and other 41 centres’ indices are below national average. The indices of Jabalpur, Lucknow, Pune and Bhopal centres remained at par with All-India Index.

The next issue of CPI-IW for the month of October, 2016 will be released on Wednesday, 30th November, 2016. The same will also be available on the office website www.labourbureaunew.gov.in.

Sd/-

(SHYAM SINGH NEGI)

DEPUTY DIRECTOR GENERAL

Source:http://labourbureau.nic.in/Press_Note_CPI_IW_Sep_2016_EH.pdf

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Revision of Minimum Wage and Multiplying Factor – JCM Standing Committee

NFIR

National Federation of Indian Railwaymen

3, CHELMSFORD ROAD, NEW DELHI – 110 055

Affiliated to :

Indian National Trade Union Congress (INTUC)

International Transport Workers’ Federation (ITF)

No.NFIR/7th CPC (imp)/2016 (MoF)

Dated: 24/10/2016

The General Secretaries of

Affiliated Unions of NFIR

Dear Brother,

Sub: Meeting held on 7th CPC issues under the Chairmanship of Addl: Secretary (Exp), Department of Expenditure, Ministry of Finance — reg.

A meeting was held between the Addl Secretary (Exp), Department of Expenditure, Ministry of Finance, Government of India and Staff Side, NC/JCM (Standing Committee Members) at Room No.72, North Block, New Delhi, this day 24/10/2016. In the said meeting, discussions were held on “Revision of Minimum Wage and Multiplying Factor”. The JCM Standing Committee members have explained elaborately and urged for quick action for the revision of Minimum Wage and Multiplying Factor.

The Official Side stated that attempts will be made to find a way out for resolving both the issues. On behalf of NFIR, the meeting was attended by JCM (Staff Side) Leader M. Raghavaiah, Standing Committee members S/Shri Guman Singh, R.P. Bhatnagar & K.S. Murty.

Yours fraternally,

(Dr M. Raghavaiah)

General Secretary

Copy to File No.IV/NC/JCM/COR.

Copy to File No.IV/NFIR/SCM/Pt.VI.

Copy to File No.IV/NC-JCM/Pt.IV.

Source: NFIR

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Brief of the Meeting on 24/10/2016 – Minimum Wages and Fitment Formula

Shiva Gopal Mishra

Secretary

Ph.: 23382286

National Council (Staff Side)

Joint Consultative Machinery

Central Government Employees

13-C, Ferozshah Road, New Delhi – 110001

E Mail : nc.jcm.np@gmail.com

No.NC/JCM/2016

Dated: October 24, 2016

All Constituents of NC/JCM

Dear Comrades!

Sub: Brief of the meeting held today with Addl. Secretary (Exp.), Deptt. of Exp., MoF(Govt. of India) to discuss the recommendations of the 7th CPC

A meeting was held today between the Addl. Secretary (Exp.), Deptt. of Exp., MoF(Govt. of India) and Staff Side, National Council(JCM), to discuss the issues of Minimum Wage and Multiplying Factor.

The Staff Side explained in detail about the amendments required in Minimum Wage and Fitment Formula.

The Official Side mentioned that, they are trying to find out some solution to resolve the issues of Minimum Wage and Fitment Formula raised by the Staff Side.

Comradely yours,

Sd/-

(Shiva Gopal Mishra)

Secretary(Staff Side)

NC/JCM & Convener

Source: http://ncjcmstaffside.com/

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Grant of Dearness Allowance With Effect from 1.7.2016 — NCJCM

Shiva Gopal Mishra

Secretary

Ph.: 23382286

National Council(Staff Side)

13-C, Ferozshah Road, New Delhi -110001

E Mail : nc.jcrn.np@gmail.com

No.NC.JCM-2016/Fin.(DA)

The Secretary,

Govt of India

Ministry of Finance,

Department of Expenditure,

North Block, New Delhi 110001

October 18, 2016

Subject: Grant of Dearness Allowance With effect from 1.7.2016 — Reg.

Dear Sir

We refer to our letter of even No.NC/JCM/2016 dated September 6, 2016 wherein we have requested for an amendment to the existing formula of DA computation, necessitated by the revision of Pay with effect from 01.01.2016. We hope that you must have caused the matter to be examined.

We are prepared to call on the officer concerned, if there is any ambiguity in our contention. Since the normal date for issuance of DA order was in September, we shall he grateful if a decision in the matter is taken urgently.

Thanking you,

Yours faithfully,

(Shiva Gopal Mishra)

Secretary

Source: Confederation

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