The Supreme Court on Monday said the ministry of defence cannot take law in its own hands by issuing communication on payment of One Rank-One Pension (OROP) arrears in four instalments.
"In view of the crisis arising out of Covid-19, it has been decided that additional instalment of dearness allowance payable to central government employees and dearness relief (DR) to central government pensioners due from January 1, 2020, shall not be paid. "The additional instalment of DA and DR due from July 1, 2020, and January 1, 2021, shall also not be paid," the department of expenditure said in an office memorandum.
You can reduce your tax burden by wisely using partially taxable allowances, suggests Bindisha Sarang.
People like Manmohan Singh and P Chidambaram, who as finance minister had fully supported the NPS, refuse to exercise their moral and political influence to try and stop Ashok Gehlot and others hell-bent on wrecking the states' finances, notes Virendra Kapoor.
The 'restore old pension' campaign is being spearheaded by the National Movement for Old Pension Scheme (NMOPS), a federation with over 13 lakh government employees as its members.
The Union government will take a bit longer to introduce the much-awaited labour codes even as the majority of states and Union Territories (UTs) have framed rules on them. There were speculations that these would be introduced from July 1. While 30 states and UTs have framed rules on the code on wages, 25 of them have done so on industrial relations. Of the two remaining codes, 24 states and UTs have framed rules on social security and 23 on occupational safety, health, and working conditions (OSH), sources said.
Twenty years after the burning of a train in Godhra killed 59 'karsevaks' and triggered one of India's worst post-Partition riots, the poll-scape reflects the yawning gulf between the two communities.
Their implementation is expected to create investment owing to improving ease of doing business as well as initiating pro-worker measures.
His remarks came on a day when Chief Minister Charanjit Singh Channi announced slashing of the power tariff by Rs 3 per unit for the domestic sector and increasing the dearness allowance for government employees.
EPF allows partial withdrawal to meet situations like house construction, medical emergency, and so on.
Despite the ongoing rift in the Punjab Congress, party leader Harish Rawat on Tuesday said that all is well in the state and expressed confidence in its victory in the forthcoming assembly polls.
However, the hike in salary for government officials may take some time as the Centre had earlier this year decided to put a freeze on any hike in the DA of its employees till July, 2021, owing to the Covid-19 pandemic.
The new definition under the Code of Wages, 2019, includes three components: basic pay, dearness allowance and retention payment.
The four labour codes will not come into effect from April 1 as states are yet to finalise the relevant rules, which means that there will be no change in take home pay of employees and provident fund liability of companies for now. Once the wages code comes into force, there will be significant changes in the way basic pay and provident fund of employees are calculated. The labour ministry had envisaged implementing the four codes on industrial relations, wages, social security and occupational health safety & working conditions from April 1, 2021. The ministry had even finalised the rules under the four codes.
Maharashtra Government on Thursday suspended former Mumbai police commissioner Param Bir Singh and initiated disciplinary proceedings against him over "certain irregularities and lapses", an official said.
The four labour codes are unlikely to be implemented this fiscal in view of slow progress on the drafting of rules by the states and also for political reasons like elections in Uttar Pradesh, a source said. The implementation of these laws assumes significance because once these are implemented there would be reduction in take-home pay of employees and firms have to bear higher provident fund liability. "The ministry of labour is ready with the rules under the four labour codes. But the states have been slow in drafting and finalising those under new codes.
The Union Cabinet chaired by Prime Minister Narendra Modi approved the 5 per cent additional DA/DR (dearness relief) over the existing rate of 12 per cent of the basic pay/pension due in July 2019, the government said.
GM cites global pandemic as reason for the step. Firm had stopped selling cars in India in 2017 and stopped production completely on December 24, 2020.
As many as 8.5 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2017.
The hike will benefit about 48.41 lakh central government employees and 62.03 lakh pensioners.
The move will benefit 50 lakh (5 million) employees and 30 lakh (3 million) pensioners.
The DA hike will take effect from July 1.
The Union cabinet has given its nod for the revision of salary and allowances of lieutenant governors of Union Territories and it will be on a par with that of the secretary to the government of India, an official statement said.
The government on Wednesday announced that dearness allowance for govt employees has been hiked to 6 per cent.
The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission, it said.
Once the new rules kick in, you will have less cash-in-hand and may feel tempted to scale back on savings and investments.
Over 8.5 lakh employees, majorly from public sector banks (PSBs), will get a 15 per cent hike in pay, with the conclusion of the 11th Bipartite Wage Negotiations on Wednesday. After three years of intense negotiations, the UFBU, which represents four bank officer associations and five workman unions, and the IBA on July 22 entered into a memorandum of understanding (MoU) for an annual wage hike of 15 per cent.
Part of the dues has been pending since 1995-96 - the inception year of the Employees' Pension Scheme administered by the EPFO. The Centre also owes the EPFO more than Rs 1,000 crore towards the minimum pension scheme it had notified in September 2014.
"The proposal would benefit employees following Industrial Dearness Allowance pattern of pay scales in CPSEs which are in a position to absorb the additional expenditure without budgetary support," Information and Broadcasting Minister Priya Ranjan Dasmunsi told reporters after a Cabinet meeting.
The current wage revision for PSBs, as well as some private lenders, is due from November 2017 for five years - up to October 2022.
The government has increased the dearness allowance for officers and employees of the central public sector enterprises (CPSEs) by 5 per cent, to help them meet the increasing cost of living.The employees and workers of the CPSEs were earlier getting an IDA of 79.4 per cent of the basic pay, which came into effect on April 1.
The increase in DA to 90 per cent would result in additional annual expenditure of Rs 10,879 crore.
The proposed hike is in accordance with the accepted formula based on the recommendations of the 6th Pay Commission
The Centre is expected to increase the dearness allowance by 10% to 100% by the end of February.
The Karnataka government is also expected to follow suit and withdraw its decision to raise the variable DA.
The hike would be effective from January 1, 2013 and the employees and pensioners will be entitled to arrears.
The outbreak and lockdown have thrown up a number of challenges, such as layoffs, pay cuts and a general slowdown. Many subscribers after their unsuccessful attempts to use the scheme have taken to social media to voice their complaints, as the EPFO website and grievance portal suffer outages and its customer helpline remains unreachable.
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