The interim budget of 2019, which was recently presented by Piyush Goyal, has definitely brought disappointment for central government employees who were hoping for an increase in their fitment factor.
However, government has tried to reward these employees by various other hike announcements.
From changes to National Pension to various tax relief, government has tried to benefit government employees in various ways.
According to the railway board,
Consequent to implementation of 7th CPC’s recommendations and notification of Railway Services (Revised Pay) Rules – 2016 (RSPR) w.e.f. 01.01.2016, the matter regarding linking of travel entitlements on Duty Passes, Privilege Passes/PTOs and PRCP with the ‘Pay Level in Pay Matrix’ (PLPM) has been examined in consultation with Commercial and Finance Dtes. The Competent Authority has accorded his approval for the revised travel entitlements on status (i.e. Gazetted/Non-gazetted) cum PLPM basis
Hike in arrear of BMC employees:
Maharashtra government had announced seventh pay commission in January. Regarding to that, now BMC commissioner Ajoy Mehta has announced the interim payment of 20 per cent in arrear for all the pending 37 months for it’s employees.
BMC has also announced a 10% salary hike for it’s employees in addition to the arrear hike.
It is reported that Mumbai mayor Vishwanath Mahadeshwar had met various political leaders regarding implementation of seventh pay commission.
Central government employee to get more freedom to invest
According to an order issued by the Personnel Ministry, the Centre government has now increased the over 26-year-old monetary limit which talked about disclosure of investment in shares and mutual funds by employees to six months of their basic pay.
The new rule hereby states that all employees need to send an intimation of total transactions in shares, mutual funds scheme, securities, debentures and the like exceed six months’ basic pay during the current calendar year.
According to the government statement,
It is also clarified that since shares, securities, debentures, etc. Are treated as movable property for the purpose of rule 18(3) of CCS(Conduct) Rules, 1964, if an individual transaction exceeds the amount prescribed in it, the intimation to the prescribed authority would still be necessary.