Popular Posts

Thursday, August 31, 2017

DA WEF 01 JAN 2018 IS LIKELY TO INCREASE BY AT LEAST 2 %

Since
7th Pay Commission  (New Formula)
Month
All
India Index
% of
Increase
Jul-17
285
6.10
Aug-17
285
     6.32
Sep-17
285
6.57
Oct-17
287
6.86
Nov-17
288
7.21
Dec-17
286
7.56
Consumer Price Index for Industrial Workers (CPI-IW) — January, 2018
The All-India CPI-IW for January, 2018 increased by 2 points and pegged at 288 (two hundred and eighty eight). On 1-month percentage change, it increased by (+) 0.70 per cent between December, 2017 and January, 2018 when compared with the decrease of (-) 0.36 per cent for the corresponding months of last year.Consumer Price Index for Industrial Workers (CPI-IW) — December, 2017

The All-India CPI-IW for December, 2017 decreased by 2 points and pegged at 286 (two hundred and eighty six). On 1-month percentage change, it decreased by (-) 0.69 per cent between November, 2017 and December, 2017 when compared with the decrease of (-) 0.72 per cent for the corresponding months of last year.

Consumer Price Index for Industrial Workers (CPI-IW) — November, 2017

The All-India CPI-IW for November, 2017 increased by 1 point and pegged at 288 (two hundred and eighty eight). On 1-month percentage change, it increased by (+) 0.35 per cent between October, 2017 and November, 2017 when compared with the decrease of (-) 0.36 per cent for the corresponding months of last year.



Consumer Price Index for Industrial Workers (CPI-IW) – September, 2017

The All-India CPI-IW for September, 2017 remained stationary at 285 (two hundred and eighty five). On 1-month percentage change, it remained static between August, 2017 and September, 2017 when compared with the decrease of (-) 0.36 per cent for the corresponding months of last year.

Consumer Price Index for Industrial Workers (CPI-IW) – July, 2017
The All-India CPI-IW for July, 2017 increased by 5 points and pegged at 285 (two hundred and eighty five). In terms of monthly change, it increased by (+) 1.79 per cent between June, 2017 and July, 2017 when compared with the increase of (+) 1.08 per cent for the corresponding months of last year.

Monday, August 28, 2017

7th Pay Commission is the last Paycommission


Many sources confirmed that the 7th Pay Commission would be the last pay commission. It is too tedious a process and employees have to wait for long years for better salaries, higher HRA and good allowances. The latest news on the 7th Pay Commission is that it is likely to be the last.


Union government employees under the aegis of their respective unions are all set to begin an agitation demanding their pay be revised as per the 7th Pay Commission. Employees have expressed their frustration and have realised that the government intentionally delayed the implementation in order to save money. They say that they feel cheated and demoralised. Moreover there is no news on the 8th Pay Commission as well and this has led them to ask how their salaries will be revised or hiked in future.


How will salaries be hiked in future 

The government says that there would be a periodic review in future. In fact the decision to do away with pay commissions will benefit the employees. It would not take ten long years to wait for a pay increase or revision in allowances or HRA. The government would review the salary looking into the data available and also based on the price index.




Waiting for several years not necessary


 Earlier employees had to wait for several years to get good news on their pay hikes. A pay commission had to be set up and then various committees had to formed. The entire process would take several years and employees would be anxious. However this time the government says it wants to do away with most of the red tape in this issue and review the salary annually.

Aykroryd formula to replace pay panels 

The government will take into consideration the Aykroyd formula while reviewing salaries of government employees. This formula would take into consideration the change in prices of the commodities that constitute a common man's basket. The government feels that such a formula would make more sense and employees would be able to cope better with price rise and other fluctuations in the market.












Monday, August 14, 2017

7th-pay-commission-Non-grant-of-3-per-cent-pay-leads-to-major-anomaly



The anomaly has arisen due to the non-grant of 3 per cent of pay towards annual increment following the implementation of the 7th Pay Commission. This was brought to the notice of the Railway Board by the NIFR. An explanation to this effect has also been provided.

Terms of reference

 Clause (c) of terms of reference of the National Anomaly Committee says that the Official Side and Staff Side are of the opinion that any recommendation is in contravention of the principle or the policy enunciated by the commission itself without the commission assigning any reason, constitutes an anomaly. 

The recommendations of pay panel regarding Annual Increment state that Annual Increment- The rate of annual increment is being retained at 3%. The prevailing rate of increment is considered satisfactory and has been retained. The various stages within a pay level moves upwards at the rate of 3% per annum.



Retaining annual increment at 3 per cent The rate of annual increment is being retained at 3 per cent. The vertical range of each level denotes pay progress within that level. That indicates steps of annual financial progression of 3% within each level. However, contrary to the above principle laid down by pay panel, the actual increment rate in the following pay level of the pay matrix are less than 3% .
 However, contrary to the above principle laid down by pay commission, the actual increment rate in the  pay level of the pay matrix are less than 3% as illustrated in the Pay matrix table. 

The recommendations of commission regarding increment rate is in contravention of the principle or policy enunciated by pay panel hence it constitutes an anomaly. In many stages even though the increment rate shown is 3 per cent, it is rounded off to next below amount causing financial loss to the employees.

 In the 6th Pay Commission, while calculating increment, if the last digit as one or above, it used to be rounded off to next 10. So in this pay matrix, if the amount is 10 and above, it should be rounded off to next 100.

No rectification can lead to frustration 

The existing pay matrix the stages of pay are same in most of the levels such as level 2&3, 6&7, 7&8 etc. In this situation, if an employee is upgraded under MACP from one level to another level, his pay will be almost (Exactly) same as he may have drawn even without receiving the benefit under MACP. 

NFIR therefore requests the Railway Board to take necessary action for rectification of anomaly so as to ensure that the increment at 3 per cent of pay is granted to employees in whose cases where the actual amount is less than 3 per cent under the 7th Pay Commission.