Seventh Pay Commission: Brexit fallout may force Modi govt to delay ‘salary hike’

New Delhi, June 25: Modi government may delay most awaited Seventh Pay Commission as a result of Brexit fallouts. Reportedly, implementation of the 7th CPC could be delayed for 2-3 months in the wake of volatility in the markets following after Britain's decision to pull out the European Union. Read more: Seventh Pay Commission: Good News! Govt staff likely to get 30% more 'increment' than recommended As per media reports, it will take minimum 2-3 months for markets to gain its stability back. At a time when fiscal health is already under stress, government can't put more burdens on exchequer. Around Rs 1, 00,000 cr is needed to implement salary increment and arrears under Seventh Pay Commission scheme. Brexit: 7th CPC likely to be delayed As per Zee News, "In order to stabilize overall outflows from the domestic equity markets, government needs to adopt wait-and-watch policy for another quarter before thinking of implementing the payout as any haste can further increase volatility in the market". Earlier reports said that Government could implement Seventh Pay Commission from August 1. It was said that Central government Employees would get increment in their July salary and six months arrears in the month of October. On Friday, Britain voted to quit the European Union after 43 years of membership, throwing the world markets in a tailspin and leaving European leaders worried over how to stem a rising Eurosceptic tide. The vote rattled Indian financial markets too, shaving over 1,000 points, or 4 per cent, off a key equities index, while pulling the rupee just below the 68 mark to the dollar. Read more: 7th Pay Commission decoded: Know all about salary increment, past pay commissions Both Finance Minister Arun Jaitley and Reserve Bank of India Governor Raghuram Rajan sought to calm the markets and said there was no cause for panic as India's economic fundamentals remained strong and along with other macro indicators. "We are well prepared to deal with the short and medium term Brexit consequence -- strongly committed to our macro-economic framework with focus on stability," Jaitley tweeted from Beijing. Rajan said investors need not panic over the rupee. "We are comfortable on foreign exchange reserves. We can use it when necessary." OneIndia News (With inputs from agencies) Post Comment Read more about:
Read more at: http://www.oneindia.com/india/7th-pay-commission-brexit-fallout-govt-likely-delay-increment-arrears-2136813.html

PARLIAMENT MARCH & RALLY OF ABOUT 20000 CENTRAL GOVERNMENT EMPLOYEES – CONFEDERATION

MASSIVE PARLIAMENT MARCH & RALLY OF
ABOUT 20000 CENTRAL GOVERNMENT EMPLOYEES

INDEFINITE STRIKE FROM 11TH JULY 2016

33 LAKHS CENTRAL GOVERNMENT EMPLOYEES WILL PARTICIPATE

A massive parliament march and rally of about 20000 Central Government Employees was held at Jantar Mantar, New Delhi on 24th June 2016. The rally was organized by National Joint Council of Action (NJCA) of Central Government Employees comprising Railways, Defence, Confederation and Postal organizations demanding modification in the recommendations of 7th Central Pay Commissions including minimum wage and fitment formula. Other demands are scrapping of New Contributory Pension Scheme, No FDI in Railways and Defence, Grant of Civil Servant status to Gramin Dak Sevaks, filling up of vacancies, enhancement of bonus ceiling, No outsourcing, downsizing, contractorisation and corporatisation etc.

The NJCA had already given strike notice to Government on 9th June 2016. The Modi Government is not ready for a negotiated settlement with the staff side. The rally called upon the entirely of Central Government employees to intensify the campaign and preparations and make the strike a total success.

The rally was presided by Shri. N. Raghavaiah (General Secretary, NFIR & Chairman NJCA), Coms. Shiv Gopal Mishra (General Secretary AIRF & Convenor NJCA), Sreekumar (Secretary General AIDEF) M. Krishnan (Secretary General, Confederation) R. N. Parashar (Secretary General, NFPE) Guman Singh (President, NFIR), Rakal Das Gupta (President, AIRF) K. K. N. Kutty (President, Confederation) B. C. Sharma (NFIR) S. K. Tyagi (AIRF), Mrs. Champa and Mrs. Gita Pandey addressed the rally

About 33 lakhs Central Government Employees will participate in the strike. 40 lakhs Central Government Pensioners have declared their solidarity with the strike. Central Trade Unions had also extended their full support. State Government Employees Federations have cautioned the Central Government that they will also be compelled to join the strike if Government refuse to settle the demands relating to 7th CPC recommendations as majority of the state Governments are implementing the Central pay parity to their employees also.

Source: Confederation

Ex-Servicemen move SC for 'fair' OROP working, annual revision

The Indian Ex-Servicemen Movement (IESM) has moved the Supreme Court seeking implementation of one rank one pension scheme in a fair manner with an automatic revision on annual basis instead of the current policy of periodic review of once in five years.
IESM along with other ex-service personnel has assailed the NDA government's policy of periodic review once in five years, saying that such an approach was dilution of the February 26, 2014, announcement by which the revision in the pension was to automatically pass on to the past pensioners on the annual basis.

Confirming that they have moved the top court seeking fair and automatic revision in pension on annual basis, Maj. Gen. Satbir Singh (retired), spearheading the movement for OROP, told IANS, "As per the original definition given by government of India on February 26, 2014, the change in pensions would have been automatically passed on to past pensioners every year."
"It (Feb. 26, 2014 announcement) had said that whenever there was a change in rate of pension, it would be automatically passed on to past pensioner. It should be done every year but government has now made provision for revision every five years. This kills the very soul of OROP," said Satbir Singh.
The petition which is likely to be argued by the senior counsel Ram Jethamalani when the top court opens after the summer vacations has contended that five-yearly periodic review did not meet the demand of the ex-servicemen seeking one rank one pension for the service personnel who had retired with same length of service in the same rank.
Seeking annual revision of the pension for the past pensioners, the IESM in its petition has referred to the December 19, 2011, report of the Rajya Sabha's Petition Committee then headed by Bhagat Singh Koshyari which rejected all reservation advanced by the government while "strongly recommending" OROP.
In its 142nd report, the Koshyari Committee had said, "the Committee strongly recommends that Government should implement OROP in the defence forces across the board at the earliest".
Having recommended the implementation of OROP, the Koshyari Committee said, "for future, the pay, allowances, pension, family pension, etc. in respect of the defence personnel should be determined by a separate commission so that their peculiar terms and conditions of service, the nature of duties they are required to perform, etc., which are quite different from the civilian work force, are duly taken into account while taking decision on the same."
Koshyari, who was Rajya Sabha member belonging to the Bharatiya Janata Party, was Uttarakhand Chief Minister from October 30, 2001 to May 1, 2002.
The petition by the IESM has referred to September 9, 2008, Supreme Court verdict by which it had directed that "the pay of all pensioners in the rank of Major General and its equivalent rank in the two other Wings of the Defence Services be notionally fixed at the rate given to similar officers of the same rank after the revision of pay scales with effect from 1.1.1996, and, thereafter, to compute their pensionary benefits on such basis with prospective effect from the date of filing of the writ petition."
While directing the government to pay the difference in the revised pension and what Major Generals and their equivalent ranks in the Air Force and the Navy were getting earlier within three months with interest at 10 per cent per annum, the court had dismissed the plea by the Centre challenging the Punjab and Haryana High Court judgement.
The high court by its May 26, 2005, judgement had directed the Centre to fix minimum pay scale of the Major General above that of the Brigadier and grant pay above that of a Brigadier as has been done in the case of post-January 1, 1996, retirees and consequently fix the pension and family pension accordingly.
http://www.business-standard.com/article/news-ians/OROP IN COURT