Saturday, September 6, 2008

T.A. on Transfer - Sixth Pay Commission Report

Revised Entitlements of T.A. on Transfer

The Commission recommends that transportation of personal effects by road at the rates prescribed for `other places' should be allowed in respect of places connected by train as well without subjecting it to the extant restriction that these can not exceed 1.25 times of the eligible train fare.

The revised entitlements of transport while on transfer shall, therefore, be as follows :-

Thursday, September 4, 2008

Risk Allowance is Withdrawan as per Sixth Pay Commission

Risk Allowance - Risk Allowance is withdrawn as per the Sixth Pay Commission Report and instead of that employees will be provided with free Life and Medical Insurance of Rs 5 Lakhs.

Free Medical and Life Insurance Amounts as per Pay Band

Employees be provided with free medical and life insurance of
Rs.5 lakhs for employees in PB-1 pay band,
Rs.7 lakhs for employees in PB-2 pay band,
Rs.10 lakhs for employees in PB-3 pay band/higher pay bands/scales.

The amount of the insurance should automatically be increased by 50% every time the DA payable on the revised pay goes up by 50%. The entire expenditure on paying premium for this insurance will be borne by the Government.

The amount insured will be paid in case of any serious injury/death sustained in the course of employment and will be over and above the other benefits available to all categories of Government employees.

These employees should also be provided with additional health benefits with mandatory health check-ups every quarter and enhanced leave, wherever the same is necessary for proper recuperation.

Tuesday, September 2, 2008

Advances as per Sixth Pay Commission

Advances as per Sixth Central Pay Commission Report

A. Interest Free Advances

The Commission recommended that the existing amount of following interest free advances should be doubled:-

- Festival Advance

- Advance in the event of natural calamity like flood, drought, cyclone, etc.

- Advance for training in Hindi through Correspondence Course.

The rates of these allowances shall be increased by 25% every time dearness allowance on revised pay bands increases by 50%. All other existing conditions in respect of various interest free advances shall be maintained without any change.

B. Interest Bearing Advances

· no interest should be charged on advances for purchase of warm clothing and bicycle. Like in the case of other interest free advances, the existing rates of advances for purchase of warm clothing and bicycle should also be doubled.

· The Commission was of the view that in order to spread the benefit in a more equitable manner, it was desirable to provide only for the element of interest subsidy and make available various interest bearing advances to Government employees through arrangements with public sector banks.

· The Government will give an interest subsidy equal to 2 percentage points in rate of interest being charged by the bank to the employee.

· The interest subsidy for employees with disabilities will be equal to four percentage points in the rate of interest being charged by the bank.

· Simultaneously, the existing limit of various interest bearing advances should also be doubled for the purpose of getting the subsidy. This limit should automatically be increased by 25% every time the dearness allowance payable on revised pay bands goes up by 50%.

· The eligibility for taking the advances should also be removed because the repaying capacity would, in any case, be considered by the concerned bank at the time of processing the loan application.