Bank DA Calculation And Formula

Bank DA Calculation and Formula

DA is revised for bankers for every quarter as mentioned below

1. February, March, April

2. May, June, July

3. August, September, October

4. November, December, January

Based on All India Consumer Price Index Numbers for Industrial Workers, the DA for Bank Employees calculated for each quarter.

Three months AICPIN previous to one month from the starting month of the quarter for revising DA are considered for calculating Bank DA.

For example,

DA for the quarter starts from February to April is calculated from AICPIN for Industrial Workers for the Months of October, November and December.

Because the AICPIN for this month will be released by the Labour Bureau on the last day of next month. So, the Average of consecutive three months slabs, prior to one month to the quarter for DA will be counted for revising DA.

Calculation

DA for Bank employees is revised every quarter, which increases or decreases based on the CPI (Consumer Price Index, CPI is released by Ministry of Labour, Govt. of India on monthly basis based on year 2001).

Here is how the DA is calculated for bank employees:

Collect the month wise CPI data from April, May and June for the quarter of revising DA from August to October.

The CPI is converted using conversion factor 4.63 and 4.93 to link the same to base year 1960.

For example, CPI for April, May and June 2016 was 271, 275 and 277.

By applying conversion factor

April	May	June
271 x 4.63 x 4.93	275 x 4.63 x 4.93	277 x 4.63 x 4.93
6185.82	6277.12	6322.28

Average CPI works out to 6261.91

Deduct 4440 slabs from average CPI (Calculated is step 2). 4440 DA slabs have been merged in 11th bipartite settlement. [6262-4440=1822]

For converting above points into slabs, we must divide 1822 by 4 which is equal to 455 slabs. The DA rate is at 0.10% per slab as decided in the X BPS.

So, DA percentage on 455 slabs at 0.10% = 455 x 0.10% = 45.50%.

Divide 1822 by 4 to convert to quarterly DA slabs [1822/4 = 455]

According to this calculation, the DA slab for next quarter will be 455 on which 0.10% is payable as DA.

So DA payable for next quarter (Aug to Oct 16) will be 45.50%.

By deducting the same from previous quarter DA, increase in DA can be calculated.

Calculate average of CPI data for last quarter (3 months).

DA is calculated based on CPI data of quarter ending one month before the quarter for which DA is payable because CPI data is released by Ministry of Labour on the last day of next month.

DA is revised for bankers every quarter i.e., February-April, May-July, August-October and November-January.

Source: www.govtstaffnews.in

50% Exemption Of GST To CSD Items

50% Exemption of GST to CSD Items - URCs sales to end customers are exempted levy of GST

ADVISORY 10/ 2017: IMPLEMENTATION OF GST AT URCs

1. The Govt has declared 50% exemption of GST to CSD (copy of relevant extract at as Annx).

2. URCs sales to end customers are exempted levy of GST. As a consequence, URCs are exempted from registration for GST and filing of monthly returns etc.

3. URCs need not make any extra efforts in implementation of GST wef 01 July 2017, except the following activities: –

(a) Ensure proper accounting of closing stock as on 30 Jun 2017 since, they have to be sold at old selling prices wef 01 July 2017.

(b) CSD Depots will be selling the balance stocks as on 30 June 2017 at the old rates to URCs. All the stocks received from CSD Depots with old selling prices during July 2017 and the closing stocks at URCs as on 30 June 2017 should be sold at old prices as on 30 June 2017 to end customer.

(c) No URC should refuse the stocks already demanded by them in the months of June 2017, as these stocks have been purchased and supplied to Depots.

(d) Goods purchased by CSD Depots from the companies in GST Regime (wef 01 Jul 2017) will be sold at revised wholesale price. URCs will sell these goods at revised retail price to end customers which wil be communicated by CSD HO in due course of time through their respective depots.

(e) It is advisable to liquidate old stocks at URCs as on 30 June 2017 first and then only start selling new stocks.

(f) Dual billing system may be followed, if all the stocks as on 30 Jun 2017 cannot be liquidated and sale of new stocks to be carried out with new rates, if situation warrants.

(g) CS Dte has directed CIMS management to prepare and forward revised software to all URCs, in order to switchover the billing process in GST environment. This is dependent on companies disclosing post GST prices to CSD HO in an early timeframe.

(h) All URCs should maintain the record of purchases and sales meticulously in electronic mode.

(j) The Government is yet to finalise e way bill procedure is GST environment for collection vehicles that will be used to collect stores from CSD Depots by URCs. Once e way bill is made mandatory for URCs, the same will be intimated.

4. However, as liquor is outside the purview of GST, URCs will continue with the existing system for sale of liquor.

5. This letter supersedes all earlier instrs on the subject and be disseminated to all URCs under respective comd.

Source: http://csdindia.gov.in

Dr Jitendra Singh To Inaugurate First ‘Pension Adalat’ Tomorrow

Dr Jitendra Singh to inaugurate first ‘Pension Adalat’ tomorrow 

Pensioners for outstanding contribution towards ‘Anubhav’ to be awarded 

Mobile App to avail the services of Pensioners’ Portal also to be launched 

The Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh will inaugurate the first ‘Pension Adalat’ here tomorrow. He will also award the Pensioners for their outstanding contribution towards ‘Anubhav’ – a platform for retiring employees for sharing their experience of working with Government. Moving ahead from e-governance to m-governance, a Mobile App has been created to avail the services of Pensioners’ Portal which will also be launched by Dr Jitendra Singh tomorrow. As a measure of welfare to the pensioners of Government of India, a workshop on Pre-Retirement Counseling (PRC) of 300 retiring Central Government employees is also scheduled to be held. The event is being organized by Department of Pension & Pensioners’ Welfare, Ministry of Personnel, Public Grievances and Pensions, Government of India. 

The objective of this workshop is to create awareness about the post-retirement entitlements as well as an advance planning for life after retirement. There will be four interactive sessions which will cover inter-alia, the road map to retirement, medical facilities for pensioners, re-engagement of retired people for voluntary social activities under ‘Sankalp’. There will be another session on Income Tax and other benefits for senior citizens as well as investment and financial planning for retired people and the Importance of writing a Will. 

The Pension Department in this programme will launch the first of a series of Pension Adalats which is being convened with the objective of bringing on a common table the aggrieved pensioner, the concerned department, the bank or CGHS representative, wherever relevant, so that such cases can be settled across the table within the framework of extant rules. 

The Mobile App to be launched tomorrow will be extending all the services meant for the pensioner, which are currently available on the Pensioners’ Portal of the department, to the mobile handset. With this App, a superannuating Central Government official will be able to monitor the progress of his pension settlement, and retired officials will be able to self-assess their pension through the pension calculator and will also be able to register their grievances, if any, and get updates on orders issued by the Department. 

The ANUBHAV AWARDS 2017 will be presented to 17 pensioners for their contribution towards creating institutional memory for the departments. Anubhav scheme had been instituted on the call of Prime Minister Shri Narendra Modi to encourage retiring/retired employees to submit their experiences while working in the government with the objective to create an institutional wealth for the government for future governance as well as to enthuse and inspire the future generations of government officials in their respective assignments. 

Source: PIB News

Indian Railways Reduces Sleeping Hours By An Hour - Orders Issued

Indian Railways reduces sleeping hours by an hour - Orders issued

Correction no.25 to the Indian Railway Commercial Manual, Volume-I

Para 652 may be replaced as under:-

652. Sleeping accommodation for passengers booked in reserved class.

(a) Sleeping accommodation between 2200 hours and 0600 hours and sitting accommodation for the rest of the period is provided for the passengers in the reserved coaches having sleeping accommodation.

(b) On the side lower berths on which passengers have been booked under Reservation Against Cancellation (RAC), during the day time, sitting accommodation is also provided for those booked on the upper berth.

(c) A person booked on side upper berth will not have any claim of seat on the lower berth between 2200 hours and 0600 hours.

(d) Passengers are, however, requested to cooperate with sick, persons with disability and pregnant ladies in case they want to sleep beyond permissible time limits.

Authority: Indian Railways

7th CPC Paymatrix Level 13 Pay Fixation After Enhancement Of IOR From 2.57 To 2.67

7th CPC Paymatrix Level 13 Pay Fixation after enhancement of IOR from 2.57 to 2.67

Clarification regarding fixation of pay consequent upon enhancement of IOR from 2.57 to 2.67 in respect of Level 13 of pay matrix corresponding to pre-revised Grade pay of 8700 – CGDA Orders

No. AN/XIV/14164/7th CPC/Corr/Vol-II

Dated : 12/09/2017

To
All PCsDA/CsDA/IFAs
PCof A(Fys) Kolkata / Jt.CDA(AF) Nagpur

CDA(IT&SDC) Secunderabad

Subject: Clarification regarding fixation of pay consequent upon enhancement of IOR from 2.57 to 2.67 in respect of Level 13 of pay matrix corresponding to pre-revised Grade pay of 8700.

Of late, this HQrs has been receiving queries/ references from various Controller offices seeking clarification regarding the pay fixation under 7th CPC consequent upon enhancement of IOR (Index of rationalization ) vide MoF, Dept of Expenditure Resolution dated 16.05.2017 from 2.57 to 2.67 in respect of Level 13 of the pay matrix i.e corresponding to pre-revised Grade pay of Rs 8700/- .

2. In this context, it is clarified that Index of rationalization is to be applied for computation of first cell of a particular level i.e corresponding to a specific pay band and Grade pay under 6th CPC. Accordingly, a revised pay matrix has been provided under the Gazette of India dated 16.05.2017 incorporating the ibid enhancement from 2.57 to 2.67. It is however, intimated that the fitment factor of 2.57 as mentioned under Para 4(2) of Ministry of Finance resolution dated 25.07.2016 which is to be uniformly applied to all employees stands unchanged.

3. All pay fixation cases may be regulated accordingly.

sd/-

( Kavita Garg )

Sr. Dy.CGDA(AN)

Authority: www.cgda.nic.in

Order Copy

Corrections In 7th CPC Concordance Tables (No.51 and 52)

Corrections in 7th CPC Concordance Tables (No.51 and 52)

Revision of pension of pre-2016 pensioners/family pensioners in implementation of Government decision on the recommendations of the 7th Central Pay Commission-Concordance tables- regarding

F.No.38/37/2016-P&PW(A)

Government of India

Ministry of Personnel, P.G. and Pensions

Department of Pension & Pensioners’ Welfare

3rd floor, Lok Nayak Bhawan,

Khan Market, New Delhi

Dated 13th September, 2017

OFFICE MEMORANDUM

Subject: Revision of pension of pre-2016 pensioners / family pensioners in implementation of Government’s decision on the recommendations of the 7th Central Pay Commission Concordance tables- regarding.

The undersigned is directed to refer to this Department’s O.M. of even number dated 06.07.2017 on the above subject and to say that there is some error in the entries relating to the pre-revised pay of Rs.56050/- (6th CPC Grade pay: Rs.10,000, in CPC Level 14)) in Table 51 and Table 52 enclosed therewith.

2. It is requested that the existing Table 51 and Table 52 may be substituted by the enclosed Table 51 and Table 52, respectively. The revised entries have been shown in bold letters. .

sd/-
(Harjit Singh)
Director

Order Copy

Authority: www.pensionersportal.gov.in

CGEGIS Tables of Benefits for Savings Fund (Period from 01.07.2017 to 30.09.2017)

CGEGIS Tables of Benefits for Savings Fund (Period from 01.07.2017 to 30.09.2017)

Central Government Employees Group Insurance Scheme-1980 -Tables of Benefits for the savings fund for the period from 01.07.2017 to 30.09.2017

No.7(2)/EV/2016

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, the September 6, 2017

Office Memorandum

Sub: Central Government Employees Group Insurance Scheme-1980 -Tables of Benefits for the savings fund for the period from 01.07.2017 to 30.09.2017.

The Tables of Benefits for Savings Fund to the beneficiaries under the Central Government Employees Group Insurance Scheme-1980, which are being issued on a quarterly basis from 1.1.2017 onwards, as brought out in this Ministry’s OM of even number dated 17.3.2017, for the quarter from 1.7.2017 to 30.9.2017, as worked out by IRDA based on the interest rate of 7.8% per annum (compounded quarterly) as notified by the Department of Economic Affairs as per their Resolution No. 5(1)-B(PD)/2017 dated 17.7.2017, are enclosed.

2. The Tables enclosed are of two categories as per the existing practice. As hitherto, the first Table of Benefits for the savings fund of the scheme is based on the subscription of Rs. 10 p.m. from 1.1.1982 to 31.12.1989 and Rs. 15 p.m. w.e.f. 1.1.1990 onwards. The second Table of Benefits for savings fund is based on a subscription of Rs. 10 p.m. for those employees who had opted out of the revised rate of subscription w.e.f. 1.1.1990.

3. While these orders are in respect of Table of Benefits for the period from 1.7.2017 to 30.9.2017, the Tables already issued for the quarters from 1.1.2017 to 31.3.2017 and from 1.4.2017 to 30.6.2017 are also reproduced for the sake of convenience and consolidation.

4. In their application to the employees of Indian Audit and Accounts Department, these orders are issued after consultation with the Comptroller 8s Auditor General of India.

5. Hindi version of these orders is attached.

sd/-

(Amar Nath Singh)

Director

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME 1980

savings Fund: 68.75% from 1.1.82 to 31.12.87

70% from 1.1.88 and onwards

Insurance Fund: 31.25% from 1.1.82 to 31.12.87

30% from 1.1.88 and onwards

CENTRAL GOVERNMENT EMPLOYEES GROUP INSURANCE SCHEME 1980

Contribution @ Rs.10/- throughout

Accoumulated value of contribution from 1st January of year of Entry to the month and year of cessation year of cessation of membership -2017 month of cessation of membership

savings Fund: 68.75% from 1.1.82 to 31.12.87

70% from 1.1.88 and onwards

Insurance Fund: 31.25% from 1.1.82 to 31.12.87

30% from 1.1.88 and onwards

Authority: http://www.doe.gov.in/

PLB For Eligible Defence Civilians Of Tthe Army Ordnance Corps (AOC) For The Year 2016-2017

Productivity Linked Bonus for eligible Defence civilians of the Army Ordnance Corps (AOC) for the year 2016-2017

No.20(3)/2017/D(JCM)

Government of India

Ministry of Defence

New Delhi, the 12th September, 2017

To

The Chief of the Air Staff,

New Delhi.

Subject: Productivity Linked Bonus for eligible Defence civilians of the Army Ordnance Corps (AOC) for the year 2016-2017.

Sir,

1. I am directed to refer to the Productivity Linked Bonus Scheme already circulated vide this Ministry ‘s letter No.F.24(6)/80/D(JCM), dated 28th September,1983 as amended from time to time, and to convey the sanction of President to the payment of 40 days (Forty Days) wages in cash as PLB for the year 2016-2017 to the eligible civilian employees of the AOC.

2. The entitiement has been worked out on the basis of the working results for the year 2016-2017 in accordance with the agreed formula.

3. The PLB will be paid to all eligible Gp.’B’(Non-Gazetted), Gp.’C’ and Gp.’D’ civilian employees of AOC who are covered under PLB Scheme for the accounting year 2016-2017. The calculation ceiling of Rs.7000/-(7000*40/30.4) and other terms and conditions of the

PLB Scheme will remain unchanged.

4. Produuctivity Linked Bonus to the casual labourer will be paid at the assumed wages of Rs.1200/-p.m.(1200*40/30.4) for the accounting year 2016-2017,.However, in cases where the actual wages fall below Rs.1200/-p.m., the amount will be calculated on the actual monthly wages. The other conditions remain unchanged.

5. The Expenditure on this account will be debitable to Defence Services Estimates under respective Heads to which the pay and allowances of these employees are debited. The entire expenditure on the payment of PLB is to be met out of the sanctioned budjet grant for the year 2017-2018.

6. This issues with the concurrence of the Ministry of Finance (Deptt. Of Expenditure) vide their I.D. No. 300349248/E.III(A)/2017 dated 08.09.2017 and Defence (Finance/AG/PB) vide their Dy. No.149/AG/PB/2017 dated 11.09.2017

Yours faithfully,

sd/-

(Pawan Kumar)

Under Secretary to the Government of India

Source: BPMS

PLB For Eligible Industrial Civilian Employees Of The Indian Air Force For The Year 2016-2017

Productivity Linked Bonus for eligible industrial civilian employees of the Indian Air Force for the year 2016-2017

No.20(4)/2017/D(JCM)

Government of India

Ministry of Defence

New Delhi, the 12th September, 2017

To
The Chief of the Air Staff,
New Delhi.

Subject: Productivity Linked Bonus for eligible industrial civilian employees of the Indian Air Force for the year 2016-2017.

Sir,

1. I am directed to refer to the Productivity Linked Bonus Scheme already circulated vide this Ministry ‘s letter No.F.24(10)/80/D(JCM), dated 2nd November,1983 as amended from time to time, and to convey the sanction of President to the payment of 40 days (Forty Days) wages in cash as PLB for the year 2016-2017 to the eligible civilian employees of the Indian Air Force.

2. The entitiement has been worked out on the basis of the working results for the year 2016-2017 in accordance with the agreed formula.

3. The PLB will be paid to all eligible Gp.’B’(Non-Gazetted), Gp.’C’ and Gp.’D’ civilian employees of Indian Air Force who are covered under PLB Scheme for the accounting year 2016-2017. The calculation ceiling of Rs.7000/-(7000*40/30.4) and other terms and conditions of the

PLB Scheme will remain unchanged.

4. Produuctivity Linked Bonus to the casual labourer will be paid at the assumed wages of Rs.1200/-p.m.(1200*40/30.4) for the accounting year 2016-2017,.However, in cases where the actual wages fall below Rs.1200/-p.m., the amount will be calculated on the actual monthly wages. The other conditions remain unchanged.

5. The Expenditure on this account will be debitable to Defence Services Estimates under respective Heads to which the pay and allowances of these employees are debited. The entire expenditure on the payment of PLB is to be met out of the sanctioned budjet grant for the year 2017-2018.

6. This issues with the concurrence of the Ministry of Finance (Deptt. Of Expenditure) vide their I.D. No. 300349244/E.III(A)/2017 dated 08.09.2017 and MoD (Finance/AG/PB) vide their I.D. No. – 152/AG/PB/2017 dated 11.09.2017

Yours faithfully,

sd/-

(Pawan Kumar)

Under Secretary to the Government of India

Source: BPMS

PLB For The Civilians Of The Indian Navy For The Year 2016-2017

Productivity Linked Bonus for the civilians of the Indian Navy for the year 2016-2017

No.20(5)/2017/D(JCM)

Government of India

Ministry of Defence

New Delhi, the 12th September, 2017

To

The Chief of the Naval Staff,

New Delhi.

Subject: Productivity Linked Bonus for the civilians of the Indian Navy for the year 2016-2017.

Sir,

1. I am directed to refer to the Productivity Linked Bonus Scheme already circulated vide this Ministry ‘s letter No.F.24(9)/80/D(JCM), dated 28th september, 1983, as amended from time to time, and to convey the sanction of President to the payment of 40 days (Forty Days) wages in cash as PLB for the year 2016-2017 to the eligible civilian employees of the Indian Navy.

2. The entitiement has been worked out on the basis of the working results for the year 2016-2017 in accordance with the agreed formula.

3. The PLB shall be paid to all eligible Gp.’B’(Non-Gazetted), Gp.’C’ and Gp.’D’ civilian employees of Indian Navy who are covered under PLB Scheme for the accounting year 2016-2017. The calculation ceiling of Rs.7000/-(7000*40/30.4) and other terms and conditions of the

PLB Scheme will remain unchanged.

4. Produuctivity Linked Bonus to the casual labourer will be paid at the assumed wages of Rs.1200/-p.m.(1200*40/30.4) for the accounting year 2016-2017,.However, in cases where the actual wages fall below Rs.1200/-p.m., the amount will be calculated on the actual monthly wages. The other conditions remain unchanged.

5. The Expenditure on this account will be debitable to Defence Services Estimates under respective Heads to which the pay and allowances of these employees are debited. The entire expenditure on the payment of PLB is to be met out of the sanctioned budjet grant for the year 2017-2018.

6. This issues with the concurrence of the Ministry of Finance (Deptt. Of Expenditure) vide their I.D. No. 300349888/E.III(A)/2017 dated 08.09.2017 and MoD (Finance/AG/PB) vide their Dy. No.163/AG/PB dated 11.09.2017

Yours faithfully,

sd/-

(Pawan Kumar)

Under Secretary to the Government of India

Source: BPMS