PERFORMANCE OF PRODUCTION-RAILWAYS

Performance of production units during April - August 2009


Chitranjan Locomotive Works (CLW) produced 64 electric locomotives against the target of 69 electronic locomotives and Diesel Locomotive Works (DLW) produced 113 diesel locomotives against the target of 105 diesel locomotives during April-August 2009. Rail Coach Factory (RCF) produced 640 coaches against the target of 640 coaches where as Integral Coach Factory (ICF) produced 515 coaches against the targets of 511 coaches during the same period. Rail Wheel Factory (RWF) produced 80550 wheels and 32347 axles during the same period against the target of 79779 wheels and 25855 axles during April-August 2009.

During the month of August 2009, CLW, DLW, ICF, RCF and RWF have produced 19 electric locomotives, 27 diesel locomotive, 112 coaches, 125 coaches, 17284 wheels and 7449 axles respectively against the target of 21 electric locomotives, 22 diesel locomotive, 108 coaches, 125 coaches, 17680 wheels and 5818 axels.

Railways have realized an amount of Rs. 27.63 crore approximately during the month of August 2009 through ticket checking.
SOURCE;CGEN

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AIR INDIA-PLI TO ALL

AI to pay PLI to all sections of employees on Oct 7


Air India today said that it would pay productivity-linked incentive (PLI) to all sections of employees on October 7.

"Air India will pay the August PLI payable in September on October 7," Air India's Executive Director, Jitendra Bhargava, told PTI here.

September salaries have already been paid to the employees' respective bank accounts, he said.

The PLI will be paid in full, Bhargava added.

The national carrier has cancelled 14 international and 79 domestic flights today, the fourth day of the strike by a section of its executive pilots protesting against the up to 50 per cent cut in their PLIs effected by the management.
Source:PTI

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NEW DEARNESS ALLOWANCE FOR AUTONOMOUS BODIES

Wednesday, September 30, 2009
New Dearness Allowance for Autonomous Bodies and who are all getting pay as per 5th CPC



No. 1(3) / 2008 - EII (B)

Government of India

Ministry of Finance

Department of Expenditure

*****

New Delhi, Dated 29th September,2009.


Subject:-Rates of Dearness Allowance applicable w.e.f.1.7.2009 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 Department's O.M. of even No. dated 19th March, 2009 revising the Dearness Allowance w.e.f. 1.1.2009 in respect of employees of Central Government and Autonomous Bodies who continue to draw their pay and allowances in the Pre-revised scales of pay as per 5th Central Pay Commission.


2. The rates of Dearness Allowance admissible to above categories of employees of Central Government and Central Autonomous bodies shall be enhanced from the existing rate of 64% to 73% w.e.f.1.7.2009. 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
SOURCE;CGEN

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DA-FOR PENSIONERS/FAMILY PENSIONERS

Dearness Relief to Central Government Pensioners/Family Pensioners - Revised rate effective from 1.7.2009.


F.No.42/12/2009-P&PW(G)

GOVERNMENT OF INDIA

Ministry of Personnel, Public Grievances & Pensions

Department of Pension & Pensioners' Welfare

3rd Floor, Lok Nayak Bhawan,
Khan Market,New Delhi-03
DAted : 23rd September, 2009

OFFICE MEMORANDUM


Subject:- Grant of Dearness Relief to Central Government Pensioners/Family Pensioners - Revised rate effective from 1.7.2009.


The undersigned is directed to refer to this Department's OM No.42/12/2009-P&PW(G) dated 27th March, 2009 on the subject mentioned above and to state that the President is pleased to decide that the Dearness Relief payable to Central Government pensioners shall be enhanced from the existing rate of 22% to 27% w.e.f. 1st July, 2009.

SOURCE;CGEN

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RESTORATION OF1/3 RD COMMUTED PORTION OF PENSION.

thursday, September 24,2009
Restoration of 1/3rd commuted portion of pension - in public sector undertaking/autonomous bodies



F.No.4/38/2008-P&PW(D)

GOVERNMENT OF INDIA

Ministry of Personnel, Public Grievances & Pensions

Department of Pension & Pensioners' Welfare

Lok Nayak Bhawan,
Khan Market,New Delhi-03
dated 17.9.2009

OFFICE MEMORANDUM

Subject:- Representation on mentioned of revision of restorable 1/3 commuted portion of pension consequent to 6th Pay Commission recommendations in respect of Govt. Servants who had drawn lump-sum payment on absorption in public sector undertaking/autonomous bodies - regarding.


This Department has been receiving representations on the above noted subject. In this regard, the undersigned is directed to state that the Government had issued instructions on restoration of 1/3rd commuted portion of pension on absorption in public sector undertaking/autonomous bodies implementing the Andhara Pradesh high court judgment dated 24.12.03 in Writ petition No. 8532 of 2003 followed by the Supreme Court judgment dated 29.11.08 in Civil appeal No.5269 of 2006 srising out of SLP Nos 21647 -648 of 2005 and the Supreme Court judgment dated 24.7.2007 in Review petition No.643 of 07 vide O.M.No.4/79/2006-P&PW(G) dated 6.9.2007 in consultation with Ministry of Law & Justice and Ministry of Finance (Deptt. of Expenditure). It was further clarified vide OM dated 13.5.08. In pursuance of Government's decision on the recommendations of Sixth Central Pay Commission, Instructions have been issued for revision of 1/3rd restorable pension of such absorbees vide Deptt. of Pension & Pensioners Welfare's OM of even No. dated 15th September 2008 followed by OM dated 27.5.2009.

2. The formula for arriving at 1/3rd restorable pension in the OM dated 15.9.2008 is on the same lines which the Hon'ble Court has prescribed in the above mentioned judgment as the revision of restorable pension of such absorbees is governed by the Hon'ble Court judgment mentioned above. It is pertinent to mention that pension is revised as per instructions for any other pensioners as it is not regulated by Hon'ble Court order. So far as instructions contained in O.M.dted 27.5.2009 are concerned this has been issued so as to protect this class of pensioners in case there is loss in 1/3rd restorable pension plus DA w.r.t.pre-revised 1/3rd restorable pension plus DP plus DR.



source;cgen

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IIT-PRIS

Tuesday, September 22, 2009
IIT-PERFORMANCE RELATED INCENTIVE SCHEME
Directors of the Indian Institutes of Technology (IITs) are fine-tuning a Performance Related Incentive Scheme (PRIS) which they are expected to place on the table later this week to defuse the stand-off with protesting faculty across all seven IITs.
Under this, an incentive equivalent to “two to four months of salary” could be offered annually to faculty depending on their performance which will be quantified on key indicator
“While it’s very difficult to define and assess performance in academia, a distribution curve is being worked on which will help assess a faculty member’s performance for the year — on a scale from Average to Excellent,” a highly placed source told The Indian Express.
“There will be a scientific way of developing this distribution curve depending on teaching outcomes, research work, publications, etc. Based on performance on all these parameters, a faculty member would be eligible for PRIS.” The PRIS will be based on the Sixth Pay Commission, sources said.

SOURCE;CENTRAL GOVERNMENT EMPLOYEES PORTAL

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CHECK CHANGE IN FLOATING RATE

CHECK CHANGE IN FLOATING RATE
Check change in floating rate
MUMBAI: Bank customers can look forward to a flourish of consumer-friendly initiatives. One, if you have borrowed against a floating rate of

interest, you can now view any change in reference rate to which your interest rate is pegged on the bank’swebsite. Your bank’s website will also have to mention changes to the reference rate as and when they take place.
Two, beginning October, youwill be able to access free credit counselling at a centre set up by the Banking Code and Standards Board of India (BCSBI), the independent and autonomous watchdog for rules that most banks in India follow.
The centre, situated at BCSBI’s Bandra-Kurla Complex office, will provide credit education to both retail borrowers and banks’ micro &small enterprise (MSE) customers, K J Udeshi, chairperson, BCSBI, said during a joint media briefingwhere officials of RBI and Indian BanksAssociation (IBA)were also present.
The Code — which was first put in place in 2006 ‘‘to provide customerswith a reference document of their rights’’—has been revised to bring in more transparency, better banking practices and a more responsive grievance redressal mechanism in banks. Its objective is to enhance efficiency standards and provide greater protection to customers, said Udeshi.
‘‘The code is meant for those who don’t have (financial) muscle,’’ said KC Chakrabarty, deputy governor, RBI, at the meet.
However, while the Code provides a broad regulatory framework for banks, it leaves pricing and other commercial considerations to banks and market forces. Additionally, there are no provisions under the code to penalise banks for any violations.
SOURCE;CGE PORTAL

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