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OROP Table Highlight & How to calculate the arrears

, by indianmilitaryveterans

Indian Military Veterans
OROP Letter Highlight Points



.1.Applicable to all pre-1/7/2014 retirees.


.2. Effective date : Wef 1/7/2014


.3. It is a direct executive order from MOD to PDAs(Banks) for payment without waiting for Draupadi's circular of  PCDA(pensions) . Means ,payment will be effected before 28 Feb 2016 (being the last pension/salary payment month in this fiscal year).


.4. Family pensioners , gallantary award winners and special pension category will get their arrears in one instalment and hopefully with Feb pension.

.5.Arrears for others would be in 4 Equal , six monthly instalments (could be in Feb , Aug  this year and Feb 2017  and Aug 2017).



More specific details after detailed analyses.

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OROP Arrear calculation  Made simple



.1. Take your  basic from  OROP table published to day by MOD. Let it be  =X



.2. Take your current basic (which is wef 24/12/2012).Let it be =Y

.3. Take the difference of X- Y above and  let it be ="Q"

.4. Your  Total arrears of OROP wef 1/7/2014 to 31/1/2016= Q x  40.58 (amount Q multiplied by 40.58). The result could be  with a deviation of  Less than Rs 100/- in total due to certain approximations

Note : multiply  with 40.58 , the difference of  OROP table amount with what is your current basic  .

 





 

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"GOOD NEWS" ONE RANK ONE PENSION ORDERS RELEASED TODAY (03-02-2016)

, by indianmilitaryveterans

Indian Military Veterans

Image result for orop

Dear Veterans,


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"ONE RANK ONE PENSION" ORDERS ISSUED TODAY 03/02/2016

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Image result for OROP


Indian Military Veterans


 ONE RANK ONE PENSION ORDERS ISSUED TODAY
03/02/2016

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"One Rank One Pension" Letter issued today

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Indian Military Veterans

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Jeevan Pramaan- A Hit With Pensioners

, by indianmilitaryveterans

Indian Military Veterans
Jeevan Pramaan- A Hit With Pensioners 

Press Information Bureau 
Government of India
Ministry of Communications & Information Technology
02-February-2016 15:00 IST
Jeevan Pramaan- A Hit With Pensioners 
            Jeevan Pramaan (https://jeevanpramaan.gov.in/) provides a big relief to all pensioners. A pensioner can now digitally provide Annual Life Certificate to the authorities for continuity of pension instead of presenting himself physically or through a Life Certificate issued by specified authorities every year. Lakhs of pensioners on various schemes are already benefitting from it.
             Launched by the Prime Minister on 10th Nov 2014, nearly 12.5 Lakhs pensioners have registered for Digital Life Certificate (DLC) in about a year. Interestingly the enrolled pensioners come from different districts of the country showing the interest the facility has generated all over the country including in far flung rural and hilly districts. Started with Civil pensioners of Central Government only, several other pensioner schemes have adopted Jeevan Pramaan and provide this facility of Digital Life Certificate to these pensioners. Presently apart from civil Central Government employees, Defence services, Employees’ Provident Fund Organization (EPFO), Post Offices, Railways, Defence Pensioners Disbursement Office (DPDOs), several PSUs including Mumbai Port Trust, Chennai Port Trust and New Delhi Municipal Council are providing this service.

            State Governments have also recognized the potential of Jeevan Pramaan and adopted the service. State Governments of Haryana, Himachal Pradesh, Telangana, Madhya Pradesh, Maharashtra, Punjab, Pondicherry, Odisha, Andaman & Nicobar, Rajasthan and Jharkhand have already started providing these services.

            Jeevan Pramaan service is provided by NIC through a Central Portal developed on Open source. The platform is highly scalable. Developed using in-house manpower, the portal has been developed and maintained free of cost to all the user agencies and is also free for pensioners. 
            In Jeevan Pramaan a pensioner can digitally show that he or she is alive using his/her biometrics. Biometric devices are available in CSC’s, Bank branches, Pensioner associations, Govt. offices etc. More over any citizen can also purchase a finger print scanner and do the identification from home. A typical finger print scanner currently costs around Rs. 2600/- only and the prices are expected to come down in future. The usefulness of Jeevan Pramaan will increase even further as the biometric authentication device gets integrated with mobile phones.
            All pension disbursing organizations, which have a requirement of periodic life certificate to continue disbursing pension are welcome to join this free offering.
            For more details they are required contact Ms Nandita Chaudhri, DDG, NIC (Email: ) 
*****
KSP/ss
(Release ID :136003)

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Service chiefs meet Manohar Parrikar, discuss Pay Commission report

, by indianmilitaryveterans

Indian Military Veterans



The armed forces' personnel are of the view that if the Pay Commission report is implemented in its present form, it will position them much below their civilian counterparts in terms of salaries, facilities and status, the sources said.
Concerned over increasing pay disparity between defence personnel and their civilian counterparts, the three Service Chiefs on Tuesday met Defence Minister Manohar Parrikar and discussed issues related to "anamolies and shortcomings" in the 7th Pay Commission report.
The service chiefs had earlier written to Parrikar highlighting various aspects of the Pay Commission report which the military felt was a "let down".
"The three Chiefs had detailed, comprehensive and constructive discussion on the issue," defence sources said.
The armed forces' personnel are of the view that if the Pay Commission report is implemented in its present form, it will position them much below their civilian counterparts in terms of salaries, facilities and status, the sources said. One of the main issues that the armed forces face is with regard to the "risk-hardship matrix" dealing with the allowances for posting in difficult areas.
The government had recently set up a 13-member Empowered Committee of Secretaries (CoS) headed by the Cabinet Secretary for processing the recommendations of the 7th Central Pay Commission, which has bearing on remuneration of 47 lakh central government employees and 52 lakh pensioners.
Navy chief Admiral RK Dhowan was the first among the three service chiefs to officially comment on the Pay Commission report.
"Whatever we feel are the shortcomings are being taken up by the three services with the Ministry of Defence to see that whatever we feel is necessary for our men, our officers, our civilians, is made available to them," Dhowan had said earlier.
Besides, having discussions on the 7th Pay Commission, the chiefs and the Defence Minister also held deliberations on the issue of One-Rank-One-Pension (OROP).
 

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RBI on wait and watch mode on 7th Pay Commission

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Indian Military Veterans
RBI Monetary policy: The central bank mentioned about Seventh Central Pay Commission risks to the fiscal deficit, which was not factored in the central bank's inflation trajectory.(PTI)


RBI Governor Raghuram Rajan on Tuesday announced its monetary policy review and left the key policy rate unchanged. However, it indicated at a accommodative stance on inflation and further rate cut. Rajan said with “inflation moving closer to the target” there would be more room for rate cut to support growth.
However, the RBI also mentioned about Seventh Central Pay Commission risks to the fiscal deficit, which was not factored in the central bank’s inflation trajectory. Therefore, the RBI is in ‘wait n watch’ mode as to what government does in the Union Budget and what big states are doing with their own state pay commissions (Punjab, UP, WB, Kerala and Tamil Nadu – all election bound – and HP have already announced setting up of their respective Pay Commissions, and likely to be followed by the remaining).
“Inflation has evolved closely along the trajectory set by the monetary policy stance. With unfavourable base effects on the ebb and benign prices of fruits and vegetables and crude oil, the January 2016 target of 6 per cent should be met,” Rajan said but added a caveat on the impact of the seventh pay commission implementation on the price index.
“Going forward, under the assumption of a normal monsoon and the current level of international crude oil prices and exchange rates, inflation is expected to be inertial and be around 5 per cent by the end of fiscal 2017, ” RBI said.
“However, the implementation of the Seventh Central Pay Commission award, which has not been factored into these projections, will impart upward momentum to this trajectory for a period of one to two years. The Reserve Bank will adjust the forecast path as and when more clarity emerges on the timing of implementation,” Rajan said.
“As per our estimate, the Pay Commission implementation by the Centre and state governments would lead to a $50 bn fiscal stimulus over the next two years. The downside risks emanate from softer global commodity prices and a normal monsoon. However, the RBI would like to wait and watch as these factors play out over the next few months before being in a position to recalibrate the glide path of inflation and respond accordingly. We believe that the upside risks are marginally higher than the downside risks as of now, and hence we do not see any policy rate cuts in FY17,” said Jay Shankar, chief India economist & director, Religare Capital Markets.

 

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CSD PRICE LIST

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