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7th Pay Commission: Finance Ministry gets extension of 2 months, may delay higher allowances notification

, by indianmilitaryveterans

New Delhi, Dec 7:

The notification for the implementation of higher allowance, under the 7th Pay Commission recommendations, is likely to be issued after January 2017.
The Finance Ministry has got extension of two months to issue the higher allowances notification under 7th Pay Commission recommendations. It means the higher allowance notification, under the 7th Pay Commission recommendations, may get delayed till January next year.
The government intends to accept the report of ‘Committee on Allowances’ after December 30, deadline for depositing demonetised notes. The October-November month is the scheduled for issuing notification, but the Finance Ministry has got extension of two months because of the cash shortage following demonetisation drive.
The government doesn’t want to increase the burden of banks that has been witnessing cash crunch due to demonetisation of Rs 500 and Rs 1000 notes. The government hopes that situation will return to normal after December 30 and it will be able to pay higher allowances to its 4.8 million employees as per the recommendations of the 7th Pay Commission. “The October-November month is the scheduled for issuing notification for the Finance Ministry, but the time was extended by 2 months because the cash crunch on account of demonetisation, which is taking time to get normality,” a Finance Ministry official was quoted as saying by Sen Times. “Therefor, unless the banks can begin to function with a modicum of efficiency, the government will not issue notification on higher allowances to save demonetisation chaos,” he added. Sources in the Finance Ministry said the government is likely to issue higher allowances notification under the 7th Pay Commission recommendations from January next year, after the the cash crunch will ease.
The central government employees have been waiting for fatter allowance since July when the notification for the implementation of the 7th Pay Commission recommendations was issued. Earlier we reported that the government is planning to pay higher allowances under the 7th Pay Commission from January, 2017.The ‘Committee on Allowances’, headed by Finance Secretary Ashok Lavasa, on fatter allowances under the 7th Pay Commission recommendations is ready with its report. However the massive cash crunch post demonetisation drive has compelled the Finance Ministry to keep in abeyance the enhanced allowances till things normalize. Allowances are now being paid to the central government employees according to the 6th Pay Commission recommendations.

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Recording of PPO Number in the Bank Pass Book of Defence pensioner/family pensioner

, by indianmilitaryveterans

Circular No. 185

No. AT/Tech/70/XXIV Dated: 28.11.2016
To,

1. The Chief Accountant, RBI Deptt. of Govt. Bank Accounts, Central office C- 7, Second Floor, Bandre- Kurla Complex, P B No. 8143, Bandre East Mumbai-400051.

2. The Manger CPPC of Public Sector Banks including IDBI
3. The Nodal Officers (ICICI/ AXIS/HDFC Bank) ….

Sub: Recording of PPO Number in the Bank Pass Book of Defence pensioner/family pensioner

Ministry of Finance has been receiving various applications from Central Civil Pensioners/Family Pensioners and Registered Welfare Organisations related to pension problems like how to get duplicate PPO in case of missing of original PPO, commencement of family pension to spouse or dependent children after the death of pensioner, transfer of pension account from one bank/branch to another bank/branch. However, complaints are not attended immediately by banks in absence of PPO numbers in bank pass books.

To obviate this situation, Ministry of Finance, Department of Expenditure, Central Pension Accounting Office vide OM No. CPAO / Tech / Clarification / P&PW I 2014-15/426-497 dt. 17.09.2014 advised the Heads of all CPPCs and Government Business Departments to instruct all their bank branches dealing with pension payments to record the PPO numbers in all the pass book of the pensioners/family pensioner issued by them. However, there was no mention about applicability of above instruction to defence pensioners/family pensioners.

Therefore, a clarification in this regard was sought from the Ministry, who has now advised, vide F.No. 7/124/2014-BOA dt. 23rd Aug 2016 to the CEOs of all PSBs to ensure recording of PPO numbers in the bank pass books of Defence pensioner/family pensioners. It is therefore requested to issue suitable instructions to all your bank branches dealing with pension payments to record the PPO numbers in the bank pass books of Defence Pensioners/family pensioners (including Defence Civilian Pensioners/family pensioners).

Abhishek Singh
Asst.CDA (P)

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