20-02-2014 thursday
Cabinet approved terms of reference for 7th CPC, including merger of 50 per cent DA with basic pay: The Hindu Business Line News
As per Hindu Businessline News the
Cabinet approved terms of reference for seventh pay commission. This
includes merging dearness allowance above 50 per cent with basic pay.
The excerpt of Hindu Businessline News is reproduced below:
Ahead of general election, the Centre today took key decisions to woo minorities and Government employees.
For minorities, the Cabinet has decided
to form equal opportunity commission as suggested by Sachhar Committee.
This commission will suggest ways to ensure equal opportunities in jobs,
education and even finding house on rent for minorities. The commission
is expected to be constituted soon.
Terms of reference for 7th pay commission
In order to benefit over 50 lakh employees and over 30 lakh pensioners, the Cabinet
also approved terms of reference for seventh pay commission. This
includes merging dearness allowance above 50 per cent with basic pay.
Currently DA is around 90 per cent of basic pay and another hike of 10
per cent is expected soon. DA is calculated on the basis of change in
retail inflation.
Click here to view Hindu Business Line News
Retirement Age 62 - All set to hike central retirement age to 62 years
All set to hike central retirement age to 62 years
It may sound like ridiculous as number of times articles regarding this
topic has published in different websites and newspapers. But as per our
sources and media reports, centre finally decided to hike retirement
age to 62 years. The process has received PM's nod and awating cabinet
approval which is likely to be obtained in the next meeting.
The newly set up seventh CPC has recommended this hike in an interim report which got Govt. approval.
As per information
available with us, this move will not benefit those who are going to be
superannuated in this month or those who are already in extension.
Source : www.paycommissionupdate.blogspot.in
[http://paycommissionupdate.blogspot.in/2014/02/all-set-to-hike-central-retirement-age.html]
No comments:
Post a Comment