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Declaration of Holiday on 14th April, 201& Birthday of Dr.B.R.Ambedkar.

It has been decided to declare Wednesday, the 14th April 2010, as a Closed Holiday on account of the birthday of Dr. B.R. Ambedkar, for all Central Government Offices including industrial establishments throughout India. The above holiday is also being notified in exercise of the powers conferred by Section 25 of the Negotiable Instruments Act, 1881 (26 of 1881).

OM - 35% Dearness Allowance - Revised rates from 1.1.2010

No.1(3)/2010-E-II(B) Government of India Ministry of Finance Department of Expenditure ******* New Delhi, the 26th March, 2010. OFFICE MEMORANDUM Subject:- Payment of Dearness Allowance to Central Government Employees - Revised Rates effective from 1.1.2010. The undersigned is directed to refer to this Ministry's Office Memorandum No.1(6)/2009-E-II(B)dated 18th September, 2009 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced form the existing rate of 27% to 35% with effect from 1st January, 2010. 2. The provisions contained in paras 3, 4 and 5 of this Ministry's O.M. No.1(3)/2008-E-II (B) dated 29th August, 2008 shall continue to be applicable while regulating Dearness Allowance under these orders. 3. The additional instalment of Dearness Allowance payable under these orders shall be paid in cash to all Central Governmentemployees.

8 per cent hike in Dearness Allowance for Central staff

The Cabinet on Friday approved eight per cent increase in the dearness allowance of government employees and pensioners. 'The Cabinet approved an eight per cent increase in the dearness allowance of government employees and dearness relief of pensioners with effect from Jan 1, 2010,' Information and Broadcasting Minister Ambika Soni said. 'This is over and above the existing rate of 27 per cent (of basic pay),' she said while briefing reporters after a cabinet meeting chaired by Prime Minister Manmohan Singh. 'The decision will cost the exchequer Rs.6,969.36 crore annually,' Ambika Soni said.

Home Ministry introduces flexi-hours for its employees

The Home Ministry has allowed flexi-hours for it's employees with a maximum relaxation of two hours to attend social obligations or visit a doctor but they have to ensure a 40-hour work schedule in the week. "In exceptional cases like consultation with doctors in Central Government Health Services, hospitals, attending social obligation, late arrival in the morning, early departure in afternoon up to two hours (maximum) will be allowed subject to the condition that prior intimation or approval of the immediate supervising officer has been obtained," Home Secretary G K Pillai said in an order. The arrangement has been made after the ministry employees made two representations to Home Minister P Chidambaram on November 19 last year and March 3 this year. Chidambaram had then assured the employees of working out a solution and subsequently asked Pillai to issue an order, sources said.

How retirement benefits computed for salaried segment?

Provident Fund (PF), Pension Fund and gratuity are components of retirement benefit schemes. The Employees' Provident Fund and Miscellaneous Provisions Act provides for compulsory contributory fund for the future of an employee after his retirement or for his dependents in case of his untimely death. Every factory engaged in any industry specified in Schedule I in which 20 or more persons are employed, every establishment employing 20 or more persons or class of such establishments which the Central Government may notify, any other establishment so notified by the Central Government even if employing less than 20 persons is covered. Both the employee and the employer contribute to the fund at the rate of 12 percent of the basic wages, dearness allowance and retaining allowance, if any, payable to employees per month. The rate of contribution is 10 percent in the case of some establishments which are mentioned in the Act. The rate of interest is fixed by the Central Government

Special Recruitment Drive to fill SC/ST/OBC posts backlog

Backlog reserved vacancies in government of india Ministries and Department. As per information received from 37 Ministries/Departments of Government of India, the number of backlog reserved vacancies of the Scheduled Castes, the Scheduled Tribes and the Other Backward Classes as on 01.11.2008 were 3537, 2969 and 6439 respectively. The Government has launched a Special Recruitment Drive to fill up the backlog reserved vacancies of SCs, STs and OBCs. This information was given by the Minister of State in the Ministry of Personnel, Public Grievances & Pensions, Shri Prithviraj Chavan in written reply to a question in Lok Sabha.

Understanding Tax

Particulars Taxable/Non-Taxable Exemption/Rebate Limit Taxable Items: - - - Basic Pay Fully Taxable - - Dearness Pay Fully Taxable - - Grade Pay Fully Taxable - - Dearness Allowance Fully Taxable - - House Rent Allowance Fully Taxable - -

PSUs slash 31,000 jobs in FY’09

Hit by the slow down in the economy in 2008-09, central government owned public sector undertakings (PSUs) shed 31,000 employees during the year. The number of people employed by the Central Public Sector Enterprises (CPSEs) came down to 15.35 lakh at the end of 2008-09 from 15.66 crore in the previous fiscal, the Public Enterprises survey stated. Even as the number employed reduced, the overall profits of the PSUs increased to Rs 1 lakh crore in 2008-09 from Rs 91,571 crore a year ago. The employee strength of the CPSEs has been constantly coming down since 2001-02 during which they had a staff of about 20 lakh. The PSU Survey also revealed that out of a total of 15.35 lakh people employed by 242 CPSEs in 2008-09, only 1.29 lakh were women. “A good number of CPSEs, are faced with a high rate of attrition, as employees are leaving to join other organisations on account of higher salaries being offered elsewhere,” the survey said. The wage bill of CPSEs went up by 28.67 per cent dur

Tax benefits on CGHS payments

Budget 2010 has brought some cheer to the esti- mated 55 lakh central govern- ment employees, offering tax breaks on contributions made by them towards the Central Government Health Scheme (CGHS). The minister said that all con- tributions towards the scheme would come under the existing provision of section 80 D of the Income Tax Act thereby bring- ing them on par with other health insurance schemes. "Besides, contribution to health insurance schemes which is currently allowed as a deduc- tion under the IT Act, I propose to allow contributions to the CGHS also as a deduction under the same provision," Mukherjee said in his budget speech. The level of contributions towards CGHS from employees was raised last year. However, the amount remained unaltered for the retired employees. Currently, those drawing a monthly pay package of Rs 7,600 and above are required to make a contribution of Rs 500 per month towards CGHS facilities. However, those drawing a salary of Rs 4,