Minimum wage and fitment formula for Central Government Employees Comrade, The 7th CPC while calculating the minimum wage of Central Government Employees has arrived at Rs 18,000/- the 7th CPC has erred in prescribing provision to cover education, recreation, ceremonies, festivals and medical expenses has been moderated to 15 percent against the provision of 25% […]
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Understanding Minimum Wages and Bonus
Understanding Minimum Wages and Bonus *Bandaru Dattatreya A minimum wage is the lowest remuneration that employers may legally pay to workers or it is the price floor below which workers may not sell their labour. The concept of minimum wages first evolved with reference to remuneration of workers in those industries where the level of […]
EPFO Introduction of Declaration Form (New Form No. 11) to replace existing Form No.- 11 (New)
EPF Form 11 – New Declaration Form – EPFO Order FOR WEB CIRCULATION ONLY Employees’ Provident Fund Organisation (Ministry of Labour & Employment, Govt. Of India) Head Office Bhavishya Nidhi Bhwan, 14-Bhikaji Cama Place, New Delhi – 110066 www.cpfindia.gov.in www.cpfindia.nic.in No: Manual/Amendment/2011 Date: 23 Sep 2016 To All ACC (Zones) All Regional P.F. Commissioners In-charge […]
DA & Linking Factor – What’s expected?
DA & Linking Factor – What’s expected? – DA Announcement and linking factor explored. As you all know that DA is calculated based on AICPIN. AICPIN is calculated based on the inflation and the cost of living in various cities. So, what’s going to happen in 7th Pay Commission, let’s read. In Pay Commission III, the […]
PLB to Railway staff will be disbursed before Pooja Festival
PLB to Railway staff will be disbursed before Pooja Festival The Addl. Member Staff Railway Board, Shri Anand Mathur, has intimated today, i.e. 26.09.2016, AIRF leadership that, Railway Board’s orders for Restructuring of Technicians, to which an agreement was arrived at in Full Board Meeting held on 22.07.2016, will be issued in this week, and […]