Media false hue & cry of 7th CPC. Col Lamba

7th CPC Wage Hike
Hue &  cry by media + Historic Pay Commission by FM

Open challenge to the  best of economist to prove that  Media cry for Bonanza & FM historic budget is correct .

Kindly show me where is rise & hefty pay packets .

Let us see one by one

Actually, the salary of Rs 7,000 and Rs 18,000 are not comparable.  Rs 7,000 basic salary, which was fixed 10 years ago and currently applicable with the dearness allowance added on, is Rs 15,750 (Rs 7,000 basic plus 125 per cent DA). In the salary of Rs 18,000 now announced, the DA is subsumed. Thus, a more accurate comparison would be the present salary of Rs 15,750 and the new salary of Rs 18,000.

Now let us take if a sum of Rs 7000 is put in FD for 1O years @ 9% prevailing  rate at that time .The amount would have become
Rs 17159.50
So hike in 10 year is just
 Rs 841.50 or Rs 71/ per year.
Gain 841.50/18000= %

Will it off set inflation + cess + hikes in petrol+fees+ Roti Kapada Makkan extra.
In No way
It is not a Pay Commission But employees Pay Cut Commission.

1) Service Tax raised from 12.36 to 14.5. Add krishi cess 0.5%

It was proposed in in Union Budget 2015 to increase the service tax from 12.36% to 14%. After the Notification No. 14/2015-Service tax dated 19/05/2015 by the government, new service tax  is effective from 01/06/2015. All the Service including the insurance premium will be dearer from 01/06/2015. The special rates for life insurance service as per rule 6(7A) has been changed.

2)Pay Full ticket now for children also .A back door pinching.
No more half ticket: Children of 5-12 years of age to pay full train fare from April 2016

3)Household inflation expectation remains above 10%: Reserve Bank of India
Jel Rebello, ET Bureau Feb 3, 2016, 10.15PM IST

4)HRD Ministry hikes fees in NITs, IISERs
Of 79% to 127%

This week, the HRD Ministry approved a fee hike of 79 per cent and 127 per cent for NITs and IISERs, respectively

5)Bus Fare Hike: By 18%

New Delhi:State road transport corporations will have to raise fares by over 18 per cent to make up for the recent diesel price deregulation, according to India Ratings & Research said on Tuesday.

The government had in January decided to sell diesel to bulk consumers like state transport buses at market price which is higher than the price of the fuel at petrol pumps.

"State Road Transport Corporations (SRTCs) are the second-largest consumers of bulk diesel in the country (2.192 million tons per annum or 14 per cent of total diesel consumed)," it said in a note.

6)Discom seeks 6% power tariff hike next fiscal, 12% hike in 2016-17

The current tariff a consumer of WBSEDCL is paying is Rs 6.59 for each unit of consumption, including MVCA adjustments.
KOLKATA |

7)Prices of pulses have increased by up to 41% in retail markets during the last one year on decline in production due to account of adverse weather conditions, the government on Friday informed Parliament.

"Over the last one year, the increase in retail prices of major pulses have ranged between 12.63% to 40.73%. The main reason for the sharp increase in prices of pulses is a decline in production on account of adverse weather conditions," Food Minister Ram Vilas Paswan said in a written reply

The All India daily average retail price of moong dal has increased by 12.63% to Rs 98.47 per kg as of July 20, compared with Rs 87.43 per kg on July 18, 2014.

During the period under the review, retail prices of urad dal have shot up by 34.39% to Rs 99.03 per kg, while rates of arhar/tur dal have increased by 40.73% to Rs 99.31 per kg.

Prices of masoor dal have gone up by 23% to Rs 82.53 per kg, while chana dal rates have risen by 30.53 per cent to Rs 60.29 per kg, according to the data placed before the Upper House.

"Rise in prices of essential food items including pulses are triggered by several factors such as adverse weather conditions, rise in transportation cost, supply constraints and artificial shortage due to hoarding and black marketing," he said.

Retail prices of most pulses have increased due to supply crunch in the wake of a decline in domestic production by nearly two million tonnes in 2014-15 crop year (July-June) on account of unfavourable weather conditions earlier this year.

8)Health care premium

High claims ratio, inflation necessitate hike in health cover premium rates'
Sarbajeet K. Sen and Chandralekha Mukherjee
Edition:March 2011

 Insurers are seeking approval from Irda for increasing health insurance premium rates, R.K. Kaul, CMD, Oriental Insurance, tells Sarbajeet K. Sen and Chandralekha Mukerji.

9)Now, pay more for your mobile, hotel, credit card bills :-(from June 1, 2015, you will have to fork out 14 per cent service tax instead of 12.36 per cent

10)Fall in purchasing power of rupee.
On the 19th May 2014 the inter-bank USD to INR spot rate was:
US Dollar to Indian Rupee Indian Rupee to US Dollar
1 USD = 58.4441 INR 0.0171 USD = 1 INR
11)Now 1 USD
67.02. As on July 2016

12)the National Green Tribunal on Thursday asked authorities to consider hike in parking fee, vehicle registration fee and congestion charges.

Pollution charges have been doubled  from Rs 50 to Rs 100

Vehicles entering Delhi to pay environment charge from November: Supreme Court.The charges would be payable at the rates of Rs 700 for light duty vehicles and two-axle vehicles and Rs 1,300 for three-axle and above.
BY: PTI | NEW DELHI |
Updated: October 12, 2015 7:47 Pm

13) Vehicle life reduced from 15 years to 10 years as per new policy in making .So in 30 years you  buy 3 cars instead of 2 cars & pay for registration charges for a one additional vehicle+ cost of one car + insurance

14) No more half ticket: Children of 5-12 years of age to pay full train fare from April 2016

Hike in Tatkal Charges.
Hike in rail fare .hike in tariff .Hike in cancellation charges .Hike in platform tickets .
Prabhu ki kirpa drishti

15) At time of election FM was crying from roof top .Minimum slab 5 lacs.

But No change now total mum

So pay higher income tax on your 7th CPC.+ Cess. As slab rate will increase .
No relief No gain but more pain

16) Crude prices
Crude oil prices fell sharply in the fourth quarter of 2014 as robust global production exceeded demand. After reaching monthly peaks of $112 per barrel (bbl) and $105/bbl in June, crude oil benchmarks Brent and West Texas Intermediate (WTI) fell to $62/bbl and $59/bbl in December, respectively .Jan 6, 2015
Crude Oil & Natural Gas
Index Units Price
CL1:COM WTI Crude Oil (Nymex) USD/bbl. 41.60
CO1:COM Brent Crude (ICE) USD/bbl. 42.4

Crude falling but prices are not falling

17 ) Petrol prices

The addition of central taxes on diesel is higher than those on petrol. Central taxes per litre of diesel rose to four times its value in April 2014 — from Rs.4.52 per litre to Rs.17.33 per litre in February 2016.

*OMC = Oil marketing companies; Dec-2015 and Feb-2016 data used due to non-availability of January data

Retail consumers pay more tax on petrol and diesel than its actual price. Of the price you pay for a litre of petrol, 57% goes to the government as tax. Of the Rs.44 per litre of diesel, 55% is tax. If the excise duties on diesel had not been increased these two years, diesel would have cost Rs.32 per litre today.

18) The Reserve Bank of India left its benchmark repo rate unchanged at a five-year low of 6.5 percent during the meeting held on June 7th, as expected. While awaiting further data to assess the impact of seasonal rainfall and some external risks, policymakers said they would remain accommodative.

19) New Delhi: Gold prices spurted to Rs.31,340 per 10 grams, a 29-month high, by surging Rs.540 in the bullion market on Saturday, tracking a firm trend overseas amid increased buying by jewellers at the domestic spot market.
Spend more for children marriage
20) Bank FD rate fallen from 9.5% to 6.5%
PPF rates also down from 8.75% to 8.1%
Future saving also on reducing path. Old age going to be a tough living.
21)Property .Hike in circle rates & Registration charges
22( Pay more for water & electricity .
23) Rent charges on rise. Rental living also becoming unaffordable
24)Hotel bill..20 % tax on what you eat .
25)wearable & Clothing becoming dearer
26) Hike in movie ticket

Poor employee
Kia khaye ga aur  kia nichode ga .

Kaab ayenge achhe din??
....

Col Lamba ( one man army )

Protect citizens amid ‘rising intolerance’: US to India

Washington: Expressing concern over reports of "rising intolerance and violence" in India, the US has asked the Indian government to do "everything in its power" to protect citizens and to bring to justice the perpetrators.

Two Muslim women carrying buffalo meat were assaulted at the Mandsaur railway station in Madhya Pradesh Tuesday.

Responding to questions on reports of alleged violence against people eating beef and assault on two Muslim women carrying buffalo meat in Madhya Pradesh, State Department Spokesman John Kirby said, "We stand in solidarity with the people and Government of India in supporting exercise of freedom of religion and expression and in confronting all forms of intolerance."

"We're obviously concerned by reports of rising intolerance and violence...As we do in countries facing such problems around the world, we urge the government to do everything in its power to protect citizens and to hold the perpetrators accountable," he said.

Kirby said the US looks forward to continuing to work with the Indian people to realise their tolerant-inclusive vision, which is so deeply in the interests of both India and the US.

In an instance of cow vigilantism earlier this week, two Muslim women who were carrying buffalo meat were assaulted by people at a railway station in Mandsaur on suspicion that it was beef in the presence of police which arrested the duo.

The incident came close on the heels of the attack on dalit youths in Gujarat by cow vigilantes for skinning a dead cow.

PTI

Government extends last date for filing tax returns to Aug 5

New Delhi: The last date for filing income-tax returns has been extended to August 5.

Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by July 31. But in view of the day-long strike at public sector banks, the deadline has been extended to August 5.

For Jammu and Kashmir, the deadline will be August 31 in view of the ongoing turmoil in the state.

"In view of today's bank strike and disturbance in J&K, the due date of IT return filing is being extended," Revenue Secretary Hasmukh Adhia said in a tweet today.

For assessees across India liable to file I-T returns by July 31, the deadline is extended up to August 5, he said.

"For assessees in J&K, this date has been extended to August 31," the secretary added.

PTI

7th Pay Commission arrears to be paid in one go in August salary

NEW DELHI: Government has decided to pay its employees arrears arising from implementation of the 7th Pay Commission recommendations in one go in August salaries.

The government has already notified the 2.57-time hike in basic salary of one crore central

Finance Minister Arun Jaitley

government employees and pensioners as per the 7th Pay Commission recommendations. The pay hike has been made effective from January 1, 2016.

In an instruction, the Finance Ministry also said that the revised pay structure effective from January 1, 2016, would include the Dearness Allowance of 125 per cent provided in the pre-revised pay structure. The rate of the first installment of DA under revised pay will be announced later.

"The arrears as accruing on account of revised pay consequent upon fixation of pay under CCS (RP) Rules, 2016 with effect from January 1, 2016, shall be paid in cash in one installment along with the payment of salary for the month of August, 2016, after making necessary adjustment on account of GPF and NPS, as applicable, in view of the revised pay," a Finance ministry statement said.

In order to expedite disbursal of arrears, the instructions said the "arrear claims may be paid without pre-check of the fixation of pay in the revised scales of pay."

However, it added, that the facilities to disburse arrears without pre-check of fixation of pay will not be available for those public servants who have retired, resigned or dismissed after the date of implementation of the Pay Commission recommendations.

The minimum pay in central government with effect from January 1, 2016 will now be Rs 18,000 per month, up form Rs 7,000 per month. At the highest level of Cabinet Secretary, the salary would go up from Rs 90,000 a month to Rs 2.5 lakh.

There shall be two dates for grant of increment - January 1 and July 1 every year - instead of the existing July 1 only.

The instruction further said that Income Tax would be deducted before payment of arrears.

PTI

Payment of arrears 7th CPC Pay in August. Col Lamba

Good News

Col Lamba( one man army )
....
Friday, July 29, 2016

7th CPC fixation of pay and payment of arrears - Finance Ministry Orders

Finmin Orders regarding Fixation of Pay and Arrears as per the 7th CPC


Implementation of the recommendations of the 7th Central Pay Commission – fixation of pay and payment of arrears – instructions


7th CPC fixation of pay and payment of arrears - instructions regarding.


No.1-5/2016-IC

Government of India/Bharat Sarkar

Ministry of Finance/ Vitaa mantralaya

Department of Expenditure /Vyaya Vibhag

(Implementation Cell, 7th CPC)

Room No. 214, The Ashok

New Delhi, the 29th July, 2016

OFFICE MEMORANDUM


Subject: Implementation of the recommendations of the 7th Central Pay Commission — fixation of pay and payment of arrears – instructions – regarding.


The undersigned is directed to refer to the Government of India, Ministry of Finance, Department of Expenditure’s Resolution No. 1-2/2016-IC dated 25.07.2016, bringing out the decisions of the Government on the recommendations of the 7th Central Pay Commission as well as the consequent promulgation of the Central Civil Services (Revised Pay) Rules, 2016, notified vide G.S.R No. 721(E) dated 25th July, 2016 regarding fixation of pay in the revised pay structure effective from 01.01.2016 and to say the provisions governing such fixation of pay have been clearly enunciated in the said Rules.


2. Accordingly, in pursuance of the CCS (RP) Rules, 2016, appropriate necessary action to fix the pay of the employees covered thereunder in the revised pay structure needs to be carried out forthwith in accordance with the provisions contained therein. In order to facilitate a smooth and systematic fixation of pay, a proforma for the purpose (Statement of Fixation of Pay) is enclosed at Annexure. The statement of fixation of pay in revised pay structure as per CCS (RP) Rules, 2016 be prepared in triplicate and one copy thereof be placed in the Service Book of the employee concerned and another copy made available to the concerned accounting authorities [Chief Controller of Accounts/Controller of Accounts/Accounts Officer] for post-check.


3. The revised pay structure effective from 01.01.2016 includes the Dearness Allowance of 125% sanctioned from 01.01.2016 in the pre-revised pay structure. Thus, Dearness Allowance in the revised pay structure shall be zero from 01.01.2016. The rate and the date of effect of the first installment of Dearness Allowance in the revised pay structure shall be as per the orders to be issued in this behalf in future.


4. The decision on the revised rates and the date of effect of all Allowances (other than Dearness Allowance), based on the recommendations of the 7th Central Pay Commission shall be notified subsequently and separately. Until then, all such Allowances shall continue to be reckoned and paid at the existing rates under the terms and conditions prevailing in the pre-revised pay structure as if the existing pay structure has not been revised under the CCS (RP) Rules, 2016 issued on 25.07.2016


5. The contributions under the Central Government Employees Group Insurance Scheme (CGEGIS) shall continue to be applicable under the existing rates until further orders.


6. The existing system on interest free advances for medical treatment, Travelling Allowance for family of deceased, Travelling Allowance on tour or transfer and Leave Travel Concession shall continue as hitherto.


7. The arrears as accruing on account of revised pay consequent upon fixation of pay under CCS (RP) Rules, 2016 with effect from 01.01.2016 shall be paid in cash in one installment along with the payment of salary for the month of August, 2016, after making necessary adjustment on account of GPF and NPS, as applicable, in view of the revised pay. DDOs/PAOs shall ensure that action is taken simultaneously in regard to Government’s contribution towards enhanced subscription.


8. With a view to expediting the authorization and disbursement of arrears, it has been decided that the arrear claims may be paid without pre-check of the fixation of pay in the revised scales of pay. However, the facilities to disburse arrears without pre-check of fixation of pay will not be available in respect of those Government servants who have relinquished service on account of dismissal, resignation, discharge, retirement etc. after the date of implementation of the Pay Commission’s recommendations but before the preparation and drawl of the arrears claims, as well as in respect of those employees who had expired prior to exercising their option for the drawal of pay in the revised scales.


9. The requirement of pre-check of pay fixation having been dispensed with, it is not unlikely that the arrears due in some cases may be computed incorrectly leading to overpayments that might have to be recovered subsequently. Therefore, the Drawing & Disbursing Officers should make it clear to the employees under their administrative control, while disbursing the arrears; that the payments are being made subject to adjustment from amounts that may be due to them subsequently should any discrepancies be noticed later. For this purpose, an undertaking as prescribed as per a “Form of Option” under Rule 6(2) of the

CCS(RP) Rules, 2016 shall be obtained in writing from every employee at the time of exercising option under Rule 6(1) thereof.


10. In authorizing the arrears, Income Tax as due may also be deducted and credited to Government in accordance with the instructions on the subject.


11. On receipt of the necessary options, action for drawal and disbursement of arrears should be completed immediately.


sd/-

(R.K.Chaturvedi)

Joint Secretary to the Government of India