Tag: pay

7th Pay Commission: Big news! Rs 2276 per month increase

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7th Pay Commission Update: Big gift from the government to lakhs of employees and pensioners. The government has increased the salary of the employees. Under which the salary of the employees has been increased by Rs 2276 per month.
Lakhs of central government employees and pensioners of the country have got a big gift before Holi. The government has increased the salary of the employees. The increase in dearness allowance has been approved in the Modi cabinet meeting. After this approval, the salary of the employees has increased by more than Rs 27,000. Let us tell you how much the salary of the employees of which level has increased-
There has been an increase of 4 percent-
According to the information received from the AICPI index, from January 1, 2023, employees will get the benefit of increased DA. At this time the employees were getting dearness allowance at the rate of 38 per cent, but now it has increased by 4 per cent.
42 percent will get DA-
It has been learned from the cabinet meeting held before Holi that the employees will get the benefit of dearness allowance at the rate of 42 per cent. Dearness allowance is calculated on the basis of AICPI-IW only.
Which employee’s salary will increase by how much?
Let us tell you that if the basic salary of an employee is Rs 18,000, then there will be an increase of Rs 720 per month in his salary, that is, there will be an increase of Rs 8640 in the salary of the employees on an annual basis. On the other hand, if the basic salary of the employees is Rs. 56900 per month, then their salary will increase by Rs. 2276 per month, that is, the salary will increase by Rs. 27312 on an annual basis. An announcement to increase the salary may be made soon by the government.

Notification can be issued before Holi-
According to information received from sources, it is believed that PM Modi can announce it before Holi. After Holi, the Finance Ministry will issue its notification. Along with the March salary, the increased dearness allowance is to be paid. Employees will also get arrears of two months.
DA was increased by 4 percent in July as well.
Let us tell you that if there is an increase of 4 percent in the DA of the employees, then the dearness allowance will reach at the rate of 42 percent. In July 2022 also, the government had increased the DA of the employees by 4 percent. Lakhs of central employees and pensioners will benefit from the increase in DA and DR.
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( With inputs from : kashmirpublication.in )

March 4, 2023
7th Pay Commission: Big Holi Gift For Over 1 Crore Central Employees | Know How Much Your Salary Will Be Increased – Kashmir News

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7th Pay Commission: Big Holi Gift For Over 1 Crore Central Employees | Know How Much Your Salary Will Be Increased – Kashmir News

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( With inputs from www.siasat.com )

March 3, 2023

Hyderabad: HDFC life insurance asked to pay Rs 45L for service deficiency

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Hyderabad: HDFC Life Insurance Company Limited was asked to pay Rs 45,00,000 by the state Consumer Disputes Redressal Commission on account of service deficiency.

Monica Khanna, a resident of Narayanguda along with her husband, Nitin Khanna obtained an online HDFC Life Click to Protect insurance policy in 2014 from the company by paying a premium of Rs 16983 and thereafter paid the subsequent premium from 2014 to 2018.

Nitin was admitted to Global Hospitals in 2018 after he suffered health issues and later passed away leaving behind the complainant, two daughters and his mother.

Monica then claimed insurance by furnishing all the relevant documents which got rejected by the firm that also discarded the reviews submitted by her.

She then resorted to a complaint against the company for deficiency of service and filed a prayer to direct the company to pay Rs 45,00,000 towards the sum assured under the policy.

However, the company filed its written version contending that they repudiated the claim based on the investigation report on the ground of non-disclosure of pre-existing diseases such as diabetes, autoimmune hepatitis with jaundice, and Wilson’s Disease, which the deceased was suffering from.

Later, the Forum directed HDFC Life Insurance Company Limited to pay the assured sum with an interest of 12 percent per annum from the date of claim till actual payment and a sum of Rs 1,00,000 towards compensation for mental agony and costs of Rs 10,000 within a period of 45 days.

A sum of Rs 1,00,000 towards compensation for mental agony and costs of Rs 10,000 within a period of 45 days was also slapped on the insurance firm.

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( With inputs from www.siasat.com )

March 2, 2023

8th Pay Commission – Big update regarding 8th Pay Commission

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Big news for the employees. Actually a new update is coming regarding the Eighth Pay Commission. Under which it is being said that soon the employees are going to get good news related to salary.

Employees from all over the country are preparing to shout about the 8th Pay Commission. But, there is good news waiting for the central employees. All the ways of the 8th Pay Commission are not closed yet. There is still hope and the discussion is that after the general elections of 2024, the government can also put it into practice.

Means new pay commission can be formed. Salary will continue to increase with dearness allowance. But, salary revision will happen only at the time of 8th Pay Commission. The great thing is that this increase in 2024 or rather in the 8th Pay Commission can be bigger than the increase in the 6th Pay Commission.

Tremendous benefits will be available in 8th Pay Commission-

If sources are to be believed then only after the general elections in the year 2024, there will be any discussion on the formation of new pay commission. But, it is certain that the matter is moving forward. However, in the meantime, the movement of employee unions and many organizations is also moving forward. Preparations for the nationwide movement have intensified. The union has also warned that the government will have to clear the situation on this. According to the government machinery, there is currently no proposal on the 8th Pay Commission.

Union Minister of State for Finance has also mentioned this in the Parliament. But, the sources of the government departments tell that the time has not yet come for the formation of the Pay Commission. Its deadline will start in the year 2024. After the general elections of 2024, when the new government is formed, a decision will be taken on this.

When can the new pay commission be implemented?

If the 8th Pay Commission is formed by the end of the year 2024, then it will have to be implemented in the next two years. Means the situation can be implemented from 2026. If this happens then it will be the biggest salary hike for the central government employees. According to the sources, according to the 7th Pay Commission, there can be many changes in the 8th Pay Commission. The constitution of the Pay Commission can also be changed once in 10 years.

8th pay commission: Salary will change every year?

After the formation of the 7th Pay Commission, there was the least increase in the minimum salary of central employees. Actually, the salary was increased according to the Fitment Factor. In this it was kept 2.57 times. With this, the basic salary was increased to Rs 18,000. If this formula is considered as the basis, then the minimum salary will be Rs.26000 under the maximum range of fitment factor in the 8th Pay Commission. After this, salary revision of lower level employees can be done every year on performance basis. At the same time, revision of employees with maximum salary can be kept at an interval of 3 years.

When and how much did the salary of the employees increase?

Salary hike of central employees in 4th Pay Commission: 27.6% done. In this, his minimum pay scale was fixed at Rs.750.
In the 5th Pay Commission, the employees got a big gift and their salary was increased by 31%. Due to this, his minimum wage directly increased to Rs.2550 per month.
Fitment factor was implemented in 6th Pay Commission. This was kept at 1.86 times at that time. Due to this, the employees got the biggest hike in salary. There was an increase of 54% in his minimum salary. Due to this the basic salary increased to Rs.7000.
In the year 2014, 7th Pay Commission was formed. Considering the fitment factor as the base, an increase of 2.57 times was made. But, the increment that happened was only 14.29%.

Estimated increase in 8th Pay Commission?

Now after the formation of the 8th Pay Commission, if the government keeps the salary revision on the old scale, then the fitment factor will be considered as the basis in this too. On this basis, the fitment of the employees can be done 3.68 times. On this basis, there can be an increase of 44.44% in the minimum wage of the employees. With this, the minimum salary of the employees can be Rs 26000.

Will 8th Pay Commission come or not?

Now the question is when will the 8th Pay Commission be formed? At present there is no such proposal. Minister of State for Finance Pankaj Chowdhary also categorically denied this in the Lok Sabha. However, if sources are to be believed, the Pay Commission will be formed when the time comes.

But, now the government has time to consider the new scale of salary hike. That’s why ways are being searched for this. Experts believe that general elections are to be held in the year 2024. In such a situation, the government would not want to anger the employees. But, it is not correct to say that the next pay commission will not come.

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( With inputs from : kashmirpublication.in )

March 1, 2023

7th Pay Commission: Salary Of Govt Employees To Increase Soon, Announcement Likely- Details Here – Kashmir News

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7th Pay Commission: Salary Of Govt Employees To Increase Soon, Announcement Likely- Details Here

7th Pay Commission: The Central government employees who are waiting for their salary hike, here’s a big update for you. They are likely to get a hike in salary, Dearness Allowance (DA), and Dearness Relief (DR) under the 7th Central Pay Commission (CPC). In this regard, the Centre is expected to make the announcement after Holi as it would revise the fitment factor in March 2023, according to a report by Economic Times. J&K Bank Issues Important Notice For Costumers – Check Here

The ET report suggested that the Centre is planning to revise the DA and fitment factor after March 8. Currently, the common fitment factor is at 2.57%, which means an employee who receives Rs 15,500 in 4200 Grade Pay, would get a total pay of Rs 39, 835, by multiplying (Rs 15,500 x 2.57) as per 6th Central Pay Commission.

Earlier, the 6th pay commission had recommended the fitment ratio at 1.86 %, while the 7th CPC recommended 2.57%, at which the Central government employees are being paid at present. The central government employees, however, now demand that the fitment factor should be hiked to 3.68. If their demand is accepted, then this would lead to a minimum wage of Rs 18,000 being increased to Rs 26,000. Govt Increased LPG Cooking & Commercial Gas Cylinders Price – Check New Rates In Your City

7th Pay Commission: Karnataka Govt Employees Withdraw Protest After CM Bommai Announces 17% Salary Hike

The government employees of Karnataka on Wednesday withdrew their protest on Wednesday after the state government announced a 17% hike in salary. Chief Minister Bommai announced the pay hike from April 1. CM Bommai said that his government will constitute a committee to submit a report on the possibilities of reintroducing the Old Pension Scheme(OPS).

(Agencies)

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( With inputs from : kashmirnews.in )

March 1, 2023

Germany is looking for more than 70 nurses: they pay for flights and salaries of up to 12 million

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The German health service is looking for 76 professionals who are interested in applying their knowledge abroad and earning up to 12 million pesos per month. In addition, the trip to Germany will be paid for and they will have the opportunity to study the language of that country.

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The opportunity was announced by the Public Employment Agency SENA, who in agreement with the Federal Employment Agency of Germany, the Public Employment Service Unit of the Ministry of Labor and with the support of the Agency for Employment and Business Development of compensate, they managed to more than 70 nursing vacancies were opened for Colombian professionals.

There will be 67 vacancies for professional nurses and 9 for intensive care nurses.

Within the requirements to access the so-called ‘Team 3.1’ plan, applicants must meet the professional profile and have the Professional Card issued by the OCE and registered in the Single National Registry of Human Talent in Health (ReTHUS).
Besides, They must be willing to learn German to achieve the level of certification required by the contracting company in the European country.

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Among the benefits provided to professionals, the employment agency ensures that the contractor in Germany will cover the professional’s study and certification expenses until they achieve at least a B1 level in German. Likewise, work schedules will be adjusted so that the health professional can continue his studies when he is in Germany.

Once the employee masters the minimum level of German, the contracting company will facilitate the homologation process to accredit the nursing profession in that country.

New migrants will also be able to access additional remuneration for results and more than 30 days of annual vacationwithout counting the additional days for rotating shifts.

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In Germany they will also have memberships in mass transport systems, access to sports clubs from health companies and permanent training in portals and educational spaces of specialized clinics.

However, the SENA Employment Agency specified some expenses that are not included in the alliance with the German country. Colombians who meet 100% of the profile must bear the costs of the visa process and medical insurance that they must have the first 14 days of their stay in the European continent.

The call will be open until March 10 or until the employment agency receives the number of resumes required for each vacancy.

No property tax on 40% of J&K population; remaining to pay

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Amount fixed on J&K UT one tenth of Shimla, Ambala, Dehradun; Shopkeepers too to pay nominal tax annually; J&K people must come forward to build better UT

Jammu and Kashmir Lieutenant Governor Manoj Sinha said that 40 per cent of the J&K population will have to pay no property tax and the remaining 60 per cent have to pay nominal amount between Rs 600 to Rs 1000 maximum amount per annum. He said that tax amount fixed is one-tenth of the tax being paid by Shimla, Ambala and Dehradun.

Talking to reporters on the sidelines of a function at SKICC here, the LG as per news agency—Kashmir News Observer (KNO), said in J&K, 2, 0, 3,680 households are less than 1500 Sq feet.

“Fourty per cent people won’t have to pay the tax. Eighty percent of the 2,0,3680 households will have to pay nominal amount of Rs 600 only while rest will have to pay a nominal amount of Rs 1000 as property tax per annum. This amount is one-tenth of the tax amount being paid by Shimla, Ambala and Dehradun,” the LG Sinha said.

About the commercial including shops, the LG said that 1,01000 shops are in J&K of which 42 per cent shops are less than 100 sq feet. “These shops will have to pay less than Rs 700 per anum. 76 per cent of the total shops of 1,1000 shops will have to pay very minimum amount as the property tax,” he said, adding that the amount collected will directly go into the accounts of Municipal Corporations and utilized for the development of the areas where tax will be collected.

“I urge the common people of J&K to come forward and help build a better J&K,” the LG said.

Pertinently, the J&K government announced imposition of property tax in the UT from April 1. The move evoked sharp criticism from the cross section of the society and the political parties, who demanded immediate rollback of the order.

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( With inputs from : kashmirpublication.in )

February 27, 2023

40 per cent of J&K population to pay no tax; remaining to pay Rs 600 to Rs 1000 maximum annually, says LG Manoj Sinha

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Srinagar, Feb 27: Jammu and Kashmir Lieutenant Governor Manoj Sinha said that 40 per cent of the J&K population will have to pay no property tax and the remaining 60 per cent have to pay nominal amount between Rs 600 to Rs 1000 maximum amount per annum. He said that tax amount fixed is one-tenth of the tax being paid by Shimla, Ambala and Dehradun.

Talking to reporters on the sidelines of a function at SKICC here, the LG as per news agency—Kashmir News Observer (KNO), said in J&K, 2, 0, 3,680 households are less than 1500 Sq feet.

“I urge the common people of J&K to come forward and help build a better J&K,” the LG said.

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( With inputs from : roshankashmir.net )

February 27, 2023

40 Percent Of J&K Population To Pay No Tax: LG

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SRINAGAR: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Monday said that 40 percent of the J&K population will have to pay no property tax and the remaining 60 per cent have to pay nominal amount between Rs 600 to Rs 1000 maximum amount per annum. He said that tax amount fixed is one-tenth of the tax being paid by Shimla, Ambala and Dehradun.

Talking to reporters on the sidelines of a function at SKICC, LG Manoj Sinha said that in J&K 203,680 households are less than 1500 Sq feet.

“Forty percent people won’t have to pay the tax. Eighty percent of the 2,0,3680 households will have to pay nominal amount of Rs 600 only while rest will have to pay a nominal amount of Rs 1000 as property tax per annum. This amount is one-tenth of the tax amount being paid by Shimla, Ambala and Dehradun,” LG Sinha said.

About the commercial including shops, the LG said that 1,01000 shops are in J&K of which 42 per cent shops are less than 100 sq feet. “These shops will have to pay less than Rs 700 per annum. 76 per cent of the total shops of 11000 shops will have to pay very minimum amount as the property tax,” he said, adding that the amount collected will directly go into the accounts of Municipal Corporations and utilized for the development of the areas where tax will be collected.

“I urge the common people of J&K to come forward and help build a better J&K,” the LG said.

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( With inputs from : kashmirlife.net )

February 27, 2023