NFIR -7th CPC Recommendations

Finance Minister not given assurance for reviewing the retrograde recommendations of 7th CPC – NFIR

NFIR
National Federation of Indian Railwaymen
3, Chelmsford Road, New Delhi 110 055

Press Statement of M.Raghavaiah, General Secretary

Finance Minister Arun Jaitley’s Budget (2016-17) failed to address the genuine aspirations of working class.

• The Income Tax Exemption limit for serving and retired Central Government employees has not been revised.

• The Fixed Medical Allowance for Retired Central Government employees has not been raised to Rs. 2000/- p.m. from the existing Rs. 500/- p.m., resulting continued hardship to Retired Central Government employees who live in remote places and small towns where medical facilities not provided.

• The Finance Minister has not spoken on the employees’ demand for abolition of New Pension Scheme.

• It is sad to note that the Finance Minister has not given assurance for reviewing the retrograde recommendations of 7th Central Pay Commission although he said that a Committee has been constituted.

The Workers’ of Government Sector, Private as well Unorganized Sectors are disappointed over the Budget announcements.

Mr.Raghavaiah, General Secretary, NFIR has urged upon the Prime Minister to accept Railway Minister’s proposal sent in November, 2015 and see that Railway Employees are exempted from New Pension System.

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(M.Raghavaiah) 
General Secretary

Source: NFIR

AICPIN for Jan 2016

AICPIN for Jan 2016 will be released tomorrow

7th Pay Commission DA Calculation – Jan 2016 AICPIN starts with new episode of ‘Expected DA July 2016’

“The first AICPIN points of 2016 will be released tomorrow”

The Dearness Allowance given to Central Government employees and Pensioners will henceforth be calculated on the basis of the 7th Pay Commission recommendations from 1.1.2016.(Expects its recommendations to be implemented by the Government)

The first All India Consumer Price Index – CPI (IW) Base Year 2001=100, used for calculating the Dearness Allowance will be announced tomorrow by the Central Government.

The current DA, according to the 6th Pay Commission, began at zero on 01.01.2006, and ended at 125%. It will restart again at zero from 01.01.2016 onwards.

There is no Dearness Allowance for the six months from January to June 2016.

From July 2016 onwards, the new and first Dearness Allowance will be announced based on the recommendations of the 7th Pay Commission. In other words, the Dearness Allowance for the six months between July and December 2016 will be based on the fluctuations in the prices of essential commodities, called the AICPIN points, between January and June 2016.

The 7th Pay Commission has not prescribed any dramatic changes in the method of calculation of the Dearness Allowance. Instead, the previous method is all set to continue.

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