• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • Allowances
  • Expected DA
  • CSD
  • DOPT
  • Pensioners Issues

CENTRAL GOVT EMPLOYEES NEWS

Quick updates for CG Staff and CG Pensioners

  • Holiday Homes
  • Holidays
  • Railway Board Orders
  • TA DA Rules

KVS ONLINE ADMISSION 2022-23 FOR CLASS 1
KVS Admission Class 1 Lottery Merit List Result 2022 Date
KVS Revised Admission Schedule 2022-2023 Released - Check Admission Date for Class 1 and Class 2 to Class 11
Kendriya Vidyalaya Online Admission Form 2022-23 for Class 1
LATEST CENTRAL GOVERNMENT EMPLYOEES NEWS
34% DA Order for Central Govt Employees wef 01.01.2022 - Finmin Orders 2022
Revised Rates of HRA 27%, 18% and 9% from 01.01.2021 - Finmin Orders 2021
Central Government Holiday List 2022

LATEST CENTRAL GOVERNMENT PENSIONERS NEWS
Revised Rate 34% DR Order for Central Government Pensioners and Family Pensioners from 1.1.2022
Annual Increment Due on 1st July to the Employees Retiring on 30th June
Notional Increment on the Day of Superannuation
FR 56(j) of CCS (Pension) Rules age of 50 years or on Completion of 30 years of Service
Coverage under CCS (Pension) Rules CG employees appointment before and after 01-01-2004

Revised Family Pension for Bank Employees

Revised Family Pension for Bank Employees

United Forum of Bank Unions (UFBU) -umbrella of nine bank unions- have signed MOU with IBA on 22nd July 2020. Chairman IBA is reported to have informed at the meeting that IBA is agreeable to Family Pension at 30% without ceiling subject to discussions of modalities.

Bank Wage Revision 22 July 2020

Important features of MOU are:

  • 15 percent wage bill as on 31-3-17 hike for the five year period between 2017 and 2022. which works out to Rs.7,898 crores on Payslip components.
  • Date of effect: November 1, 2017
  • The new pay scales will be constructed after merging Dearness Allowance corresponding to 6352 points (average Index point as applicable for the Quarter of June, July, August 2016) and adding thereon a loading of 2.50% on Basic Pay plus Dearness Allowance as on 31st March 2017 amounting to around Rs.1155/- Crores.
  • 47.80% DA merger– 478 slabs will be merged in basic. (6352-4440) =1912÷4=478 slabs). DA rate in future will be @ 0.07 % per slab. Balance slabs come to (681-478)=203.
  • Distribution of annual wage increase between Workmen and Officers will be worked separately and proportionately based on breakup of establishment expenses as on 31.3.2017.
  • Performance Linked Incentive (PLI)-introduced–
  • It will be based on Operating/Net Profit of the individual bank (optional for private & foreign banks). The PLI is payable to all employees annually over and above the normal salary payable. The PLI matrix below decides the amount payable to the employees (in number of days of pay (Basic+DA) depending on the annual performance of the bank. All the employees will get the number of days of pay as incentive depending on where in the matrix the bank’s performance fits in.
No. YoY Growth in Operating Profit No. of days for which Salary (Basic + DA) shall be paid
1 <5% Nil
2 5% to 10% 5 days
3 >10% to 15% 10 days*
4 >15% 15 days*
*3rd & 4th slabs are payable only if the Bank has Net Profit. If a Bank has growth in Operating Profit of 5% & more, but there is no Net Profit, then minimum 2nd slab of 5 days will be payable
(The PLI will be applicable from FY- 2020-21)

PLI Matrix

Central Government Offices Holidays 2022 | Central Govt Holiday List 2022 PDF
KV Online Fee Payment 2022-23 | KV UBI Fee login

In addition to existing PL encashment, PL Encashment would also be permitted at 5 days every calendar year ( 7 days in case of employees/officers of 55 years of age and above) at the time of any festival of their choice.

The rate of banks contribution to the NPS fund increased to 14% (of Pay & DA) instead of the present rate of 10%, subject to approval of government.

  • 11th Bipartite Settlement/Joint Note is to be signed with in 90 days.
  • This MOU paves way for commencement of wage negotiations in RBI.

The revision in wages will impact employees across 35 banks,

AIRBIOPF congratulates all bank employees and UFBU for the wage revision which was overhanging.

No related posts.

Primary Sidebar




Central Govt Employees News

7th CPC Pay Matrix Table for Central Government Employees
7th CPC Defence Pay Matrix Chart
7th Pay Commission Children Education Allowance
7th CPC House Rent Allowance
Bank Holiday List 2022 India
BSNL Office Holiday List 2022
Central Government Holidays 2022 PDF
CGHS Holidays 2022
ESIC Holiday List 2022
Indian Customs Office Holiday List 2022
Tamil Nadu Government Holidays 2022 (G.O) Order
Central Government Employees Festival Advance
CGHS Hospital List 2022
DA Chart for CG Employees and Pensioners
DoPT Orders Circulars 2022
ECHS Empanelled Hospitals and Nursing Homes
Freezing of Dearness Allowance and Dearness Relief
Holiday Homes List 2022
Indian Post Office Holiday List 2022
Indian Passport Office Holidays 2022
50 New Kendriya Vidyalaya in India
KVS Holiday Calendar 2022-23
Railway Board Orders 2022
Sainik School List in India 2022

DA LATEST NEWS 2022

5th CPC Dearness Relief Order for CPF Beneficiaries from 01.01.2022

5th CPC DA from Jan 2022 at 431% for CDA pattern employees of CPSEs

DA for Bank Employees from May 2022 to July 2022

32% DR to Central Freedom Fighter Pensioners from 01.01.2022

203% DA to CPSE Employees CDA Pattern from 1.1.2022 as per 6th CPC Pay Scales

FAQ on LTC Cash Voucher Scheme

LTC Cash Voucher Scheme Calculator
LTC Cash Voucher Scheme and Leave Encashment for Central Govt Employees
FAQ No 1 Special LTC Cash Package Scheme – 20.10.2020
FAQ No 2 Special LTC Cash Package Scheme – 10.11.2020
FAQ No 3 Special LTC Cash Package Scheme – 25.11.2020
FAQ No 4 Special LTC Cash Package Scheme – 10.03.2021
LTC Cash Voucher Scheme for Defence Armed Forces Personnel
Grant of 4 Times LTC Scheme Eligible for Fresh Recruits of Central Govt Servants




Recent Comments on KVS Admission 2022-23

  • admin on Grant of Benefit of One Increment due on 1st July to the Govt Servant Retired on 30th of June – Dopt Orders 2021
  • T,M,Antony, Retired from DoT (Ministry of Communications) O/o Principal CCA-Chennai-600008 on Grant of Benefit of One Increment due on 1st July to the Govt Servant Retired on 30th of June – Dopt Orders 2021
  • admin on Latest list of holiday homes for central government employees
  • rajesh on Latest list of holiday homes for central government employees
  • S.K.Dwivedi on Grant of Benefit of One Increment due on 1st July to the Govt Servant Retired on 30th of June – Dopt Orders 2021
  • admin on CGHS Delhi Hospital List 2022
  • Ashok Gupta on CGHS Delhi Hospital List 2022
  • Anil Kumar on Latest list of holiday homes for central government employees
  • admin on Scheme for Compassionate Appointment – Relative Merit Points and Procedure for Selection in Department of Posts
  • R Archana on Scheme for Compassionate Appointment – Relative Merit Points and Procedure for Selection in Department of Posts

Copyright © 2022 - Central Govt Employees News - cgstaffportal.in - Log in