Friday, April 1, 2011

All India Consumer Price Index Numbers for Industrial Workers on Base 2001=100 for The Month of February, 2011

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All India Consumer Price Index Numbers for Industrial Workers on Base 2001=100 for The Month of February, 2011

  All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of  February, 2011 decreased by 3 points and stood at 185 (one hundred and eighty five). 

       During February, 2011, the index recorded decrease of 9 points in Bangalore centre, 8 points in Warrangal centre, 7 points in Coimbatore centre, 6 points in 4 centres, 5 points in 12 centres, 4 points in 8 centres, 3 points in 13 centres, 2 points in 19 centres and 1 point in 9 centres. The index increased by 2 points each in Quilon, Jalandhar and Munger Jamalpur centres, 1 point each in Darjeeling and Sholapur centres, while in the remaining 5 centres the index remained stationary. 
         
The maximum decrease of 9 points  in  Bangalore centre is mainly on account of decrease in the prices of Rice, Wheat, Onion, Vegetable & Fruit items, Flower/Flower Garlands, etc. The decrease of 8 points in Warrangal centre is due to decrease in the prices of Rice, Eggs (Hen), Onion, Vegetable & Fruit items, etc. The decrease of 7 points in Coimbatore centre is due to decrease in the prices of Rice, Eggs (Hen), Onion, Vegetable & Fruit items, Flower/Flower Garlands, etc. The increase of 2 points in Quilon, Jalandhar and Munger Jamalpur centres is the outcome of increase in the prices of Rice, Wheat, Wheat Atta, Firewood, Washing Soap, Electricity Charges,  etc. whereas, the increase of 1 point in Darjeeling and Sholapur centres is due to increase in the prices of Rice, Wheat, Wheat Atta, Mustard Oil, Repair Charges, etc. 

    The indices in respect of the six major centres are as follows :

1. Ahmedabad 177        2. Bangalore 187 
3. Chennai 167             4 .Delhi 170 
5 .Kolkata 178              6. Mumbai 183

  
            The All-India (General) point to point rate of inflation for the month of February, 2011 is 8.82% as compared to 9.30% in January, 2011. Inflation based on Food Index is 7.65% in February, 2011 as compared to 10.22% in January, 2011.

source-pib

Guidelines for holding of Pension Adalats

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No. 44013/2/2010-Coord. 
Govt.of India 
Ministry of Personnel, P.G. & Pensions 
Department of Pension & Pensioners’ Welfare

Lok Nayak Bhawan, 
Khan Market, New Delhi 
Dated: 25.03.2011

OFFICE MEMORANDUM

Sub: Guidelines for holding of Pension Adalats – reg..

The undersigned is directed to state that the Department of Pension & Pensioners’ Welfare, Ministry of Personnel, P.O. & Pensions, is the nodal Department for the formulation of general policy relating to pension and other retirement related benefits of Central Government employees covered under CCS (Pension) Rules, 1972. Besides, it also seeks to promote pensioners welfare and serves as a forum for the redressal of pensioners’ grievances.

2. At present, some Ministries/Departments like Defence, Railways and Posts have been conducting Pension Adalats from time to time wherein on- the-spot decisions are taken for a prompt resolution of pensioners’ grievances. However, keeping in view the rising spate of pensioners’ grievances, the cooperation and involvement of all Ministries! Departments in redressing these grievances through various fora (i.e. Pension Adalats, etc.) is considered necessary.

3. The Department of Pension & Pensioners’ Welfare has been considering for sometime framing of some sort of guidelines/framework for holding of Pension Adalats. Based on the interaction with
Ministries/Departments of Defence, Railways and Posts and the feedback received from Banks with regard to holding of Pension Adalats, this Department has formulated guidelines for holding of Pension Adalats by various Ministries/Departments! Organisations, including the Pension disbursing Banks. A copy of these guidelines is enclosed herewith for perusal. The Ministries/Departments! Organisations may like to organise  Pension Adalats for pensioners as considered appropriate by them. These guidelines are not mandatory in nature and suitable changes could be effected, wherever required, keeping in view the overall objective of prompt and quick redressal of pensioners’ grievances.

(K.S. Chibb) 
Director (P)

Rate of Dearness Allowance applicable w.e.f. 01.01.2011 to the employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pre-revised scale as per 5th CPC.

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No.1(3)/2008-EII(B) 
Government of India 
Ministry of Finance 
Department of Expenditure

New Delhi, 31st March, 2011

OFFICE MEMORANDUM

Subject:  Rate of Dearness Allowance applicable w.e.f. 01.01.2011 to the employees of Central Government and Central Autonomous Bodies continuing to draw their pay in the pre-revised scale as per 5th CPC.

The undersigned is directed to refer to this Ministry’s Office Memorandum  of even No. dated 11th September, 2010 revising the Dearness Allowance w.e.f. 1.7.2010 in respect of employees of Central Government and Autonomous Bodies who continue to draw their pay and allowances in the pre-revised scale of pay as per 5th Central Pay Commission.

2. The rates of Dearness Allowance admissible to the above categories of employees of Central Government and Central Autonomous bodies shall be enhanced from the existing rate of 103% to 115% w.e.f. 01.01.2011. All other conditions as laid down in the O.M. dated 3rd October, 2008 will continue to apply.

3. The contents of this Office Memorandum may also be brought to the notice of the organizations under the administrative control of the Ministries/Departments which have adopted the Central Government scales of pay.

(Anil Sharma) 
Under Secretary to the Government of India

http://finmin.nic.in/the_ministry/dept_expenditure/notification/da/da_auto01012011.pdf

Grant of Dearness Relief to Central Government pensioners/family pensioners — Revised rate effective from 1.1.2011.

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F. No. 42/15/2011-P&PW(G) 
Government of India 
Ministry of Personnel, Public Grievances & Pensions 
Department of Pension & Pensioners’ Welfare

3rd Floor, Lok Nayak Bhavan, 
Khan Market, New Delhi – 110003 
Date: 29th March, 2011

OFFICE MEMORANDUM

Subject: Grant of Dearness Relief to Central Government pensioners/family pensioners — Revised rate effective from 1.1.2011.

The undersigned is directed to refer to this Department’s OM No. 42/18/2010-P&PW(G) dated 27th September, 2010 on the subject mentioned above and to state that the President is pleased to decide that the Dearness Relief (DR) payable to Central Government pensioners/ family pensioners shall be enhanced from the existing rate of 45% to 51% w.e.f. 1st January, 2011.

2. These orders apply to (i) All Civilian Central Government Pensioners/Family Pensioners (ii) The Armed Forces Pensioners, Civilian Pensioners paid out of the Defence Service Estimates, (iii) All India Service Pensioners (iv) Railway Pensioners and (v) The Burma Civilian pensioners/family pensioners and pensioners/families of displaced Government pensioners from Pakistan, who are Indian Nationals but receiving pension on behalf of Government of Pakistan and are in receipt 
of ad-hoc ex-gratia allowance of Rs. 3500/- p.m. in terms of this Department’s OM No. 23/1/97-P&PW(B) dated 23.2.1998 read with this Department’s OM No. 23/3/2008-P&PW(B) dated 15.9.2008.

3. Central Government Employees who had drawn lumpsum amount on absorption in a PSU/Autonomous body and have become eligible to restoration of 113d commuted portion of pension as well as revision of the restored amount in terms of this Department’s OM No. 4!59!97-P&PW (0) dated 14.07.1998 will also be entitled to the payment of DR @ 51% w.e.f. 1.1.2011 on full pension i.e. the revised pension which the absorbed employee would have received on the date of restoration had he not drawn lumpsum payment on absorption and Dearness Pension subject to fulfillment of the conditions laid down in para 5 of the O.M. dated 14.07.98. In this connection, instructions contained in this Department’s OM No.4/29/99-P&PW (D) dated. 12.7.2000 refer.

4. Payment of DR involving a fraction of a rupee shall be rounded off to the next higher rupee.

5. Other provisions governing grant of DR in respect of employed family pensioners and re-employed Central Government Pensioners will be regulated in accordance with the provisions contained in this Department’s OM No. 45/73/97-P&PW (G) dated 2.7.1999 as amended vide this  Department’s OM No. F. No. 38/88/2008-P&PW(G) dated 9tI July, 2009. The provisions relating to regulation of DR where a pensioner is in receipt of more than one pension, will remain unchanged.

6. In the case of retired Judges of the Supreme Court and High Courts, necessary orders will be issued by the Department of Justice separately.

7. It will be the responsibility of the pension disbursing authorities, including the nationalized banks, etc. to calculate the quantum of DR payable in each individual case.

8. The offices of Accountant General and Authorised Public Sector Banks are requested to arrange payment of relief to pensioners etc. on the basis of these instructions without waiting for any further instructions from the Comptroller and Auditor General of India and the Reserve Bank of India in view of letter No. 528-TA, 11/34-80-Il dated 23/04/1981 of the Comptroller and Auditor General of India addressed to all Accountant Generals and Reserve Bank of India Circular No. GANB No. 2958/GA-64 (ii) (CGL)/81 dated the 21st May, 1981 addressed to State Bank of India  and its subsidiaries and all Nationalised Banks.

9. In their application to the pensioners/family pensioners belonging to Indian Audit and Accounts Department, these orders issue after consultation with the C8eAG.

10. This issues with the concurrence of Ministry of Finance, Department of Expenditure conveyed vide their OM No. 1(4)/EV/2004 dated 28 March, 2011.

(S. P. Kakkar) 
Under Secretary to the Government of India

http://persmin.gov.in/WriteReadData/CircularPortal/D3/D03ppw/DR_Jan2011.pdf

Enhanced Rate of Dearness Allowance from 1st January 2011

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GOVERNMENT OF TAMIL NADU
2011
FINANCE (ALLOWANCES) DEPARTMENT 
G.O.No.98, Dated 28th March 2011 
(Panguni 14, ThiruvalluvarAandu 2042)

ALLOWANCES — Dearness Allowance — Enhanced Rate of Dearness Allowance from 1st January 2011 — Orders — Issued.

READ – the following papers:
1. G.O.Ms.No.371, Finance (Allowances) Department, dated 24th September 2010.

2. From the Government of India, Ministry of Finance, Department of Expenditure, New Delhi, Office Memorandum No. 1(2)/20 1 1-E-II(B), dated 24.03.2011.

*****

ORDER:

In the Government Order first read above, orders were issued sanctioning revised rate of Dearness Allowance to State Government employees as detailed below:-

Date from which payable                    Rate of Dearness Allowance (per month)
1st July 2010                                   45 per cent of Pay plus Grade Pay

2. The Government of India in its Office Memorandum second read above has now enhanced the Dearness Allowance to its employees from 45% to 51% with effect from 1st January, 2011.

3. Following the orders issued by the Government of India, the Government sanction the revised rate of Dearness Allowance to the State Government employees as indicated below

Date from which payable                           Rate of Dearness Allowance (per_month)
1st January, 2011                                   51 per cent of Pay   plus Grade Pay

4. The Government also direct that the above increase in Dearness Allowance shall be paid in cash with effect from 01.01.2011.

5. The payment of arrears of Dearness Allowance for the months of January and February, 2011 shall not be made before the date of disbursement of salary of March, 2011. While working out the revised Dearness Allowance, fraction of a rupee shall be rounded off to next higher rupee if such fraction is 50 paise and above and shall be ignored if it is less than 50 paise.

6. The Government also direct that the revised Dearness Allowance sanctioned above, shall be admissible to full time employees who are at present getting Dearness Allowance and paid from contingencies at fixed monthly rates. The revised rates of Dearness Allowance sanctioned in this order shall not be admissible to part time employees.

7. The revised Dearness Allowance sanctioned in this order shall also apply to the teaching and non-teaching staff working in aided educational institutions, employees under local bodies, employees governed by the University Grants Commission/All India Council for Technical Education scales of pay, the Teachers/Physical Directors/Librarians in Government and Aided Polytechnics and Special Diploma Institutions, Village Assistants in Revenue Department, Noon Meal Organisers, Child Welfare Organisers, Anganwadi Workers, Cooks, Helpers, Makhal Nala Paniyalar, Panchayat Assistants/Clerks in Village Panchayat under Rural Development and Panchayat Raj Department.

8. The expenditure shall be debited to the detailed head of account 03. Dearness Allowance’ under the relevant sub-minor, sub-major and major heads of account.

9. The Treasury Officers / Pay and Accounts Officers shall make payment of the revised Dearness Allowance when bills are presented without waiting for the authorization from the Principal Accountant General (A&E) Tamil Nadu, Chennai-18.

(BY ORDER OF THE GOVERNOR)

K. SHANMUGAM
PRINCIPAL SECRETARY TO GOVERNMENT.

DA ORDER

SBI sole EPF manager for interim period

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State Bank of India (SBI), the nation’s biggest lender, has been entrusted to manage the entire Rs. 3.3 trillion Employees’ Provident Fund (EPF) by the labour ministry.

The EPF is the largest social security fund in the country.

The decision to give the entire amount to SBI till new fund managers are appointed was taken by the Central Board of Trustees (CBT), the top decision-making body of the Employees’ Provident Fund Organisation (EPFO) at a meeting in New Delhi on Wednesday.

Four fund managers—ICICI Prudential Asset Management Co. Ltd, HSBC Asset Management (India) Pvt. Ltd, Reliance Capital Asset Management Ltd and SBI—have been managing the pension fund for the past two-and-half-years, and their contract with the labour ministry-controlled EPFO was to end on 31 March.

“SBI will manage the fund during the interim period,” labour minister Mallikarjun Kharge said after the meeting. “The CBT has unanimously decided not to extend the tenure of the other fund managers.”

The pension fund’s trustees, in a special meeting held in July 2008, had approved selection of the four fund managers, according to the agenda note prepared by the labour ministry and reviewed by Mint. Initially, the term of contract was for two years that could be extended by a year on mutual consent of EPFO and the portfolio managers. The two-year tenure of the existing fund managers had ended in September and was extended for six months till March-end.

“Since the whole mandate was getting over on 31 March and the new tender is already under process, much should not be read into this decision,” said Sundeep Sikka, chief executive of Reliance Capital Asset Management. “We have been working on the mandate for three years and if we get an opportunity, would like to continue doing so.”

An HSBC spokesperson declined comment, saying the company hasn’t received an official communication about the decision by the pension fund.

“We are in the process of selecting new fund managers within the next three months” (by the end of June), said Kharge, who is also the head of CBT, which comprises representatives from the government, employees and employers.

At least 11 asset management companies, including the above four, had applied to manage the EPF money beginning 1 April. Companies such as Kotak Securities Ltd and UTI Securities Ltd are among others that have shown interest in managing the pension fund. EPFO has forwarded the tender document to the Central Vigilance Commission (CVC), the Central government’s anti-corruption watchdog, for clearance. This is the first time EPFO has sought the CVC’s view in the appointment of fund managers.

“It is better to guard against any eventuality,” Central Provident Fund commissioner Samirendra Chatterjee said. “We have sought clearance from the CVC and (are) awaiting their response.”

A senior official of another asset management company, which has evinced interest in managing the fund, said the move to give an extension to SBI and not to the other three private players is not surprising. “A government agency is bound to prefer another government entity till CVC completes the verification,” the officer said.

Though neither Kharge nor Chatterjee gave any explanation on why EPFO did not continue with all the existing fund managers till the fresh appointments of fund managers are through, labour ministry officials said in the time of scams it is is better to be cautious. “SBI is a government undertaking and there is less chance of any problem. Let the CVC clear all the bidders first. As such, the EPFO is not breaching any contract with Reliance Capital, ICICI Prudential or HSBC as their contract is getting over on 31 March,” said a senior labour ministry official, who declined to be named.

The official said that at a time when the country is facing several scams, there is nothing wrong entrusting the fund with SBI, which has a good track record, during the interim period.

EPF has a total corpus of at least Rs. 3.3 trillion, and nearly Rs. 40,000 crore is added to its corpus every year.

The retirement fund is largely invested in government bonds. EPFO has as many as 47 million accounts.

ICICI Prudential officials were not available for comment, and Mint could not immediately reach SBI for a comment on the development.

prashant.n@livemint.com

JK Govt approaches Centre for 6th pay commission arrears

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The Jammu and Kashmir government today said it has approached the Centre for providing funds to pay the arrear of the Sixth Pay Commission to its employees. Replying to a question by M Y Tarigami in the Assembly, Finance Minister Abdul Rahim Rather said the government has approached the Centre for providing funds to pay the arrear of Sixth Pay Commission to the employees of J&K, adding that Prime Minister Manmohan Singh during his visit to Srinagar has agreed to look into issue. The Minister said that the issue was also taken up with Union Ministry of Finance to supplements the States requirement of Rs 4,200 crore to meet the demand regarding payment of 6th Pay Commission of the state employees. He said the Union Ministry of Finance in its communication has indicated that Centre has received requests from many other State Governments also for financial assistance to implement the 6th Pay Commission recommendations and it has been conveyed to the State Governments that the decision to adopt the recommendations of 6th Central Pay Commission for employees falls entirely within their domain and it is not possible for the Central Government to provide financial assistance to the States on this account.This position has also been reflected in reply to various Parliament questions and it would be difficult to take a decision for J&K only, he said.The Finance Minister said that Union Ministry of Finance has communicated that it is not possible to accede to any state's request for assistance to payment of salary arrears on account of adoption of 6th Central Pay Commission recommendations.

Haryana increases DA for state govt employees to 51 pc

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Haryana Finance Minister Ajay Singh Yadav today announced to enhance the rate of Dearness Allowance (DA) payable to the State Government employees from existing 45 to 51 per cent and it would be given in cash with effect from January 1, 2011. Yadav said an increase of six per cent has been made in the dearness allowance of Haryana Government employees on the pattern of central Government employees. He said that by giving the dearness allowance from January 1, 2011, the state exchequer would bear a burden of Rs 30 crore per month and Rs 420 crore up to the close of next financial year.

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