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SATMA PAGAR PANCHNU ARREARS DATE 1.1.206 THI 31.07.2016 NU TRAN HAPTAMA CHUKAVAVAMA AVSHE

SATMA PAGAR PANCHNU ARREARS DATE 1.1.206 THI 31.07.2016 NU TRAN HAPTAMA CHUKAVAVAMA AVSHE

મીનીમમ સેલેરી મામલે કેન્દ્રીય કર્મચારીઓ આંદોલનના મુડમાં

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ઉચ્ચ પગાર બાબતે વિકલ્પ ફોર્મની મુદત વધારવા રજૂઆત

સરકારી કર્મચારીઓને 7 માં વેતનપંચમાં વધુ પગાર ચૂકવાઈ ગયો-હવે રિકવરી નીકળશે

કેન્‍દ્રીય કર્મચારીઓને હાલ સાતમાં પગારપંચ પ્રમાણે સુધારેલા ભથ્‍થા નહીં મળે

સાતમું પગારપંચ-HRA 120 ટકા થવાની શક્યતા

7 मा वेतन पंचनी भलामणोंमा भथ्थानु कोकड़ू यथावत-चालू सप्ताहमा समिति अहेवाल सोपशे

લગભગ ૧ કરોડ લોકોના ખાતામાં આજે આવશે નવો પગાર-પેન્‍શન

भावनगर-गुजरात सरकार द्वारा 7 मा पगार पंचनी जाहेरात अनवये मीटिंग

डिसेम्बर सुधि पगार पण मांड थशे,7मु पगारपंच केम आपवु ? कमिश्नर नेहरा

PAYMENT OF ARREARS OF 7TH PAY COMMISSION

7th Pay Commission Calculator 2016 updated based on Gazetted notification (26/7/2016)

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7th Pay Commission: Payment of arrears with current month salary; committee on allowances to meet this week

New Delhi: The first meeting of the Finance Secretary-led committee appointed to look into the allowances recommended by the 7th Pay Commission is scheduled this week while the payment of arrears will be paid to central government employees and pensioners in a single installment along with this month salary.

IANS has reported quoting Finance Secretary Ashok Lavasa that the committee on allowances will have its first meeting this week.

The Committee will submit its report within a period of four months. Till a final decision on Allowances is taken based on the recommendations of this Committee, all Allowances will continue to be paid at existing rates in existing pay structure, as if the pay had not been revised with effect from 1st day of January, 2016.

"The 7th Pay Commission examined a total of 196 existing allowances and, by way of rationalization, recommended abolition of 51 allowances and subsuming of 37 allowances. Given the significant changes in the existing provisions for allowances which may have wide ranging implications, the Cabinet decided to constitute a Committee headed by Finance Secretary for further examination of the recommendations of 7th CPC on allowances," as per the press release issued by the government after the Cabinet approval to Pay Commission recommendations.

It was estimated by the Pay Commission that the additional financial impact on the exchequer due to the implementation of all its recommendations in 2016-17 will be Rs 102,100 crore. This apart, it had estimated an additional implication of Rs 12,133 crore on account of arrears.

SOURCE -  ZEE NEWS

Gujarat government to implement 7th Pay Commission from August 1

Finance Minister Arun Jaitley with Gujarat Chief Minister Anandiben Patel in Ahmedabad on Sunday.

In a major bonanza for over 8.77 lakh Gujarat government employees and pensioners ahead of next year’s assembly polls, Chief Minister Anandiben Patel on Sunday announced the implementation of 7th Pay Commission from August 1.

Over 4.65 lakh Gujarat government employees and more than 4.12 lakh pensioners would benefit from this decision, a release from the Chief Minister’s Office (CMO) said. However, the state government employees will not get pay hike benefits from January 1 this year as accepted by the Centre, instead it will be effective from August 1.

“Chief Minister Anandiben Patel has accepted the recommendations of 7th Pay Commission and announced to implement it in the state from August 1,” it said.

The Centre had on July 25 notified the implementation of 7th Pay Commission for Central Government employees from January 1. As per the release, the new hike will benefit employees and pensioners of state government, panchayats and granted institutions in Gujarat.

“Employees of class-4 to class-1 will now get a hike of 14.60 per cent to 25 per cent in their salaries,” it added.

As the Centre is now expected to start deliberations to decide the hike in allowances, the state government will take appropriate decision about allowances as per the announcement by the Centre, added the release.

Earlier, Gujarat government spokesperson and state Finance Minister Saurabh Patel had said that the government may have to bear an extra-burden of Rs 6,000 crore annually if it decides to implement the pay hike suggested by the 7th Pay Commission.

The elections in Gujarat are scheduled to be held in the later part of 2017.

Source – Indian express

अखिलेश कैबिनेट का फैसला, UP में लागू होंगी सातवें वेतन आयोग की सिफारिशें

उत्तर प्रदेश के करीब 22 लाख कर्मचारियों और पेंशनधारियों के लिए सोमवार को अखिलेश यादव की कैबिनेट खुशियों की सौगात लेकर आई. कैबिनेट की बैठक के बाद सीएम अखिलेश यादव ने ऐलान किया कि कर्मचारियों को सातवां वेतन मान देने की दिशा में सरकार ने कदम बढ़ा दिए हैं. उत्तर प्रदेश में करीब 16 लाख राज्य सरकार के कर्मचारी और 6 लाख पेंशनधारी हैं, जिन्हें इससे फायदा होगा.

सीएम ने कहा कि इसके लिए एक कमेटी का गठन किया जाएगा, जिसके अध्यक्ष की नियुक्ति वह खुद करेंगे. ये कमेटी छह महीने के अंदर अपनी रिपोर्ट देगी.

ये है सपा सरकार का असली मकसद

सूत्रों के मुताबिक, चुनाव के इस मौसम में फील गुड का माहौल बनाने में लगी अखिलेश सरकार इसे दो तीन महीने के भीतर ही लागू करने की तैयारी कर रही है, ताकि सरकारी कर्मचारियों और पेंशनधारियों का ये तोहफा कहीं चुनाव आचार संहिता के चक्कर में न फंस जाए. माना जा रहा है कि सातवां वेतनमान अक्टूबर में लागू हो सकता है.

सरकार पर आएगा 24,000 करोड़ का बोझ

सीएम अखिलेश यादव ने बताया कि इसे लागू करने में सरकार पर 24,000 करोड़ का बोझ पड़ेगा, लेकिन राज्य सरकार के कर्मचारियों के एचआरए 20 प्रतिशत बढ़ाने का प्रस्ताव फिलहाल अटक गया है. इसे कुछ दिनों बाद मंजूरी मिल सकती है. ये तय माना जा रहा है कि इसका भी ऐलान उत्तर प्रदेश सरकार चुनाव आचार संहिता लागू होने से पहले ही कर देगी.

बुनकर वोट पर भी नजर

अखिलेश का फीलगुड फैक्टर सिर्फ सरकारी कर्मचारियों तक ही सीमित नहीं है. बुनकरों के बहुत बडे वोट बैंक पर भी समाजवादी पार्टी की नजर है. आज कैबिनेट ने समाजवादी हथकरघा बुनकर पेंशन योजना के तहत 60 साल के ऊपर के बुनकरों को हर महीने 500 रुपये बतौर पेंशन देने का भी फैसला किया

SOURCE - AAJ TAK

‘The Seventh Pay Commission is like a booster dose’

The domestic economy looks strong and is heading in the right direction, which has helped the market to remain buoyant, says Jinesh Gopani, Senior Fund Manager, Equity at Axis Mutual Fund. Excerpts from an interview with Business Line:

The market is at an eight-month high. Your views?

Brexit was an event that the market was not anticipating and was looking the other way, but the market has been pretty resilient and the only reason could be the anticipation of domestic reforms — such as FDI limits being liberalised, the talk of GST getting into the forefront in the current Parliament session and the anticipation of a rate cut on the back of a good monsoon. So I feel that the domestic economy looks strong and is heading in the right direction, which has helped the market to remain buoyant. And fortunately, even as the results of Brexit broke out, significant outflows from FIIs did not materialise even as the European markets posted losses.

What themes are you betting on in the next three to five years?

The construct of Axis Long Term Equity Fund’s portfolio is a play on the domestic economy. We are quite focussed on the quality of the company and sector, so private banks, autos, consumer, auto ancillaries and NBFCs are the five sectors that we are betting on. As a hedge to the domestic theme, we also have a selective exposure to IT and pharma.

After the award of the 7th Pay Commission, is it safe to bet on consumption?

It is like a booster dose. At this stage the economy needs to start picking up and consumer confidence is not very high.

Cash in the hands of the consumer is always good, so it will have some benefit and selective sectors will benefit, such as consumer discretionary and autos. It will be quite difficult to judge where this spending will be directed to, but it can go into home loans as well. The hope is that most of it will be spent or consumed. Some portion of it may even be directed towards savings. The release of ₹1 lakh crore into the system is a big thing. It is a stimulus in the hands of the consumers; but it is just a start.

Axis Long Term Equity’s (ALTE) top sector choice is banks and finance, but it does not have any PSU banks. Do risks still remain? Are valuations not attractive yet?

Normally, from an investment thought process, we invest in a company with a three-to-five-year time horizon. So we must be convinced about the quality of the management.

That said, while PSU banks do have quality personnel, we are not comfortable with the way asset quality is managed. With the short tenure of the CEO/MD, there is always a question mark on the agenda of the company.

For long-term investors like us, it therefore becomes quite difficult to gauge the vision and momentum of the business. For instance, where would their focus lie? How would they like to position themselves — corporate or retail, which sectors would they like to lend to or avoid? We, therefore, prefer private banks at the moment.

However, with the change in government, if things improve and if there is more surety on the long-term structure of PSU banks, we may consider them as investment candidates.

Private sector banks have managed their business better. Valuations are an outcome of how management has managed business cycles. If earnings compound, private sector banks will tend to do well.

How are you banking on domestic infrastructure plays?

We try to buy stories that are highly cash flow driven, low in debt and can manage their working capital cycles. Our focus is more on companies that generate positive cash flows and have a good dividend policy.

History tells that companies in the infra space find it quite difficult to generate meaningful IRR (internal rate of return) over the medium to long term for various reasons.

Quality has been finding money for the last 3-4 years. But the universe of stocks has shrunk from around 400 to 200-250.

Money is available in plenty and valuations are, therefore, rich. With negative rates in some parts of the world, investing in companies with positive cash flow has gained prominence.

SOURCE -the hindu business line

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