dear friends
If submissions of this union for government employees comes to light then MINIMUM WAGE OF GOI employee after 1.1.2016 will be 28,000 ie a peon will get this salary".... our officers also wont get this much salary when they join the services.
seeIf submissions of this union for government employees comes to light then MINIMUM WAGE OF GOI employee after 1.1.2016 will be 28,000 ie a peon will get this salary".... our officers also wont get this much salary when they join the services.
http://www.irtsa.net/pdfdocs/
Principles of Determination of Pay & Determination of Minimum & Maximum Wages
Submitted to 7th CENTRAL PAY COMMISSION
Indian Railways Technical Supervisors Association (IRTSA)
M. SHANMUGAM HARCHANDAN SINGH
Central President General Secretary
Compiled by K.V.RAMESH, Senior JGS/IRTSA
Relevant Terms of reference 2.a) To examine, review, evolve and recommend changes that are desirable and feasible regarding the principles that should govern the emoluments structure including pay, allowances and other facilities / benefits, in cash or kind, having regard to rationalization and simplification therein as well as the specialized needs of various Departments, agencies and services, in respect of the following categories of employees:- i. Central Government employees-industrial and non- industrial; 2.b)To examine, review, evolve and recommend changes that are desirable and feasible regarding principles that should govern the emoluments structure, concessions and facilities/benefits, in cash or kind …….
Article 43. Living wage, etc., for workers
The State shall endeavour to secure, by suitable legislation or economic organisation or in any other way, to all workers, agricultural, industrial or otherwise, work, a living wage, conditions of work ensuring a decent standard of life and full enjoyment of leisure and social and cultural opportunities and .....
Job Evaluation
Scientific job evaluation methods are available for a fair comparison of wages. Difference in nature of work can well be taken care of in scientific job evaluation. Recommendation of 3rd CPC for adoption of Job evolution technique on experimental basis is still not tried. Classification or Grading method is easier method for job evaluation.
Proposed method for Job Evaluation
Brief Job descriptions and details of pay scales, emoluments and other particulars be collected for various group of Employees. Jobs can be broadly grouped like “Industrial”, “Non-Industrial” and “Secretarial” etc. These groups may be further broken up into various sub-groups like “Artisan”, “Supervisory”, “Administrative”, “Supportive”, etc.
Proposed method for Job Evaluation ……. Continued
Separate “Grade definitions” shall be finalised for each of these Groups & sub-groups, Indicating, type of work, level of job difficulty, area & Span of Supervision, etc Maintaining horizontal parities & vertical relativities. Will results in better justice, better job satisfaction, greater industrial harmony leading to higher efficiency and productivity and the time, cost and effort would definitely be worth the returns, particularly in the long run
Minimum Wage as per 5th CPC method Pay in Pay Band + Grade Pay + % DA + Compensation factor based on rise in NNP at factor Cost.
Calculation of compensation factor
Year
Per Capita NNP at factor cost At constant price
Increase over previous year 2005-06 26015 1872 2006-07 28067 2052 2007-08 30332 2265 2008-09 31754 1422 2009-10 33901 2147 2010-11 36342 2441 2011-12 38037 1695 2012-13 39168 1131 2013-14* 41046 1878 2014-15* 42924 1878 % Increase of NNP at factor cost on Constant Prices for the period of ten years 65% * Assumed figures as per average increase
Proposed Minimum Pay w.e.f. - 1.1.2016
Minimum Basic Pay + DA 140%+ Compensation factor 65% of BP + DA Minimum Basic pay after VI CPC Rs.7000 Projected DA 140% (as on 1.1.2016) Rs.9800 BP+DA Rs.16800 Compensation factor (65%) Rs.10920
Proposed Minimum Pay
Rs.27720 or Rs.28000
Proposed Number of times increase of BP 3.96
Proposed Minimum & Maximum Pay based on post 6th CPC formula EXISTING PAY PROPOSED PAY @ 3.96 TIMES (ROUNDED OFF) OF EXISTING PAY Minimum Maximum Minimum Maximum
Pay in Pay Band
Grade Pay
Pay in Pay Band
Grade Pay
Rs.5200 Rs.1800 Rs.80,000 Rs.20,800 Rs.7200 Rs.3,20,000 Minimum Pay shall be increased from Rs.7000 to Rs.28,000. Maximum Pay Shall be increased from Rs.80,000 to 3,20,000. Intermediate Pays shall be fixed in the same way.
Upgradation shall be granted to specific categories on functional & other related justification.
Determination of Maximum Pay First & then arriving Minimum Pay in the ratio of 9:1 Maximum Pay shall be fixed first as per rise of NNP and then the Minimum pay in the ratio of 9:1 thereof and the Intermediate Pays shall be fixed. Maximum Pay = Rs.80,000 X Compensation factor based on rise in NNP at factor Cost. = 80000 x 3.96 = Rs.316800 or Rs.3,20,000. Therefore, Minimum Pay works out to be Rs.320000 / 9 = 35555 or Rs.35500.
Rate of Increments Annual Increment:- Rate of annual increment in each grade may please be granted @ 5 per cent. Increment on Promotion:- During Promotion minimum 10% increase in Basic Pay has to be granted. Fixation of Pay on Promotion at par with Entry Pay:- Pay on Promotion should be fixed at least at par with Entry Pay in the Revised Pay Structure.
Thank you
Banks’ Top Brass Needs to Develop Customer-Friendly Sense & IBA Needs to Work Towards Their Objectives-By Rajesh Goyal (allbankingsolutions.com)
When last week in a newspaper I read the RBI dictate “No late fees on credit card dues for a month”, I thought of writing this article as on number of occasions during my over 30 years service in PS Banks, and even afterwards, I have been wondering why RBI has to come to the rescue of general public on such issues.
I feel that whenever such a dictate is issued by RBI, the policy makers in banks ( Public Sector as well as more Private Sector banks ), must put their head in shame that Indian banking Regulator has to come to the rescue of general public, put an end the policies of banks which are NOT customer friendly. Similarly the Chairman of IBA and Chief Executives of IBA also need to feel ashamed as they failed in their duty to meet the objectives for which IBA was established. Let me explain why I feel they need to be accountable in this respect.
We come across frequently RBI guidelines where they issue new dictates to reign in the anti public policies, which regulator views as to be for fleecing the customers. Question arises who are the people responsible for bring such policies in the realm of banking circles. Are those people are so insensitive and dumb that they can not read the pulse of the general public ? If they are so, how come they have reached up the ladder so high ?
My experience is that usually such policies are initiated by Private Sector banks, but soon copied by Public Sector banks. We all know that there exists a class of sycophants in PSBs, who are always looking for some new trends for copying. Thus when such policies are introduced by Private Sector banks and these come to the knowledge of such sycophants, they immediately start the process of introducing the same in PSBs too, and try to take credit for so called "innovative ideas". These sycophants will come out with comprehensive note to CMDs / EDs / GMs claiming these to be innovative ideas in the industry which will help in increasing income of the banks. Then they push through such policies. The worst part is that most of PSB’s CMDs / EDs / GMs who are in the habit of encouraging sycophants, accept these anti-customer suggestions without applying their own mind. Once some PS Banks have implemented these, even other reluctant banks cave in due to peer bank pressure and high profiled sycophants.
We have seen RBI has issued guidelines, thereby stopping banks for charging for Not Maintaining Minimum Balance in SF Accounts, Pre-Payment Penalty on Housing, Auto loans, High Late Payment Fees on Credit Cards etc etc.
Now question arises whether regulator has to waste his time in reigning banks for immoral or anti-customer policies of banks ? Should RBI's job be not focused on much higher level of policy making concerning the country’s economy. However, top bank bosses force RBI to stoop to this level for micro management, purely due to anti-customer attitude of such bankers.
When last week in a newspaper I read the RBI dictate “No late fees on credit card dues for a month”, I thought of writing this article as on number of occasions during my over 30 years service in PS Banks, and even afterwards, I have been wondering why RBI has to come to the rescue of general public on such issues.
I feel that whenever such a dictate is issued by RBI, the policy makers in banks ( Public Sector as well as more Private Sector banks ), must put their head in shame that Indian banking Regulator has to come to the rescue of general public, put an end the policies of banks which are NOT customer friendly. Similarly the Chairman of IBA and Chief Executives of IBA also need to feel ashamed as they failed in their duty to meet the objectives for which IBA was established. Let me explain why I feel they need to be accountable in this respect.
We come across frequently RBI guidelines where they issue new dictates to reign in the anti public policies, which regulator views as to be for fleecing the customers. Question arises who are the people responsible for bring such policies in the realm of banking circles. Are those people are so insensitive and dumb that they can not read the pulse of the general public ? If they are so, how come they have reached up the ladder so high ?
My experience is that usually such policies are initiated by Private Sector banks, but soon copied by Public Sector banks. We all know that there exists a class of sycophants in PSBs, who are always looking for some new trends for copying. Thus when such policies are introduced by Private Sector banks and these come to the knowledge of such sycophants, they immediately start the process of introducing the same in PSBs too, and try to take credit for so called "innovative ideas". These sycophants will come out with comprehensive note to CMDs / EDs / GMs claiming these to be innovative ideas in the industry which will help in increasing income of the banks. Then they push through such policies.
The worst part is that most of PSB’s CMDs / EDs / GMs who are in the habit of encouraging sycophants, accept these anti-customer suggestions without applying their own mind. Once some PS Banks have implemented these, even other reluctant banks cave in due to peer bank pressure and high profiled sycophants.
We have seen RBI has issued guidelines, thereby stopping banks for charging for Not Maintaining Minimum Balance in SF Accounts, Pre-Payment Penalty on Housing, Auto loans, High Late Payment Fees on Credit Cards etc etc.
Now question arises whether regulator has to waste his time in reigning banks for immoral or anti-customer policies of banks ? Should RBI's job be not focused on much higher level of policy making concerning the country’s economy. However, top bank bosses force RBI to stoop to this level for micro management, purely due to anti-customer attitude of such bankers.
Is IBA merely a place for parking retired bankers / benefits to serving bankers, so that they can have easy life as they are in good books of GoI or have the right connections in Government ? Do they not have any responsibility towards bank customers? Can IBA absolve itself of all the responsibilities by claiming that it being a private body (funded by banks !) considers itself above law and claims to be out of RTI Act? It seems to be responsible to nobody as GoI or RBI too have hardly ever taken to task the IBA for not working towards their defined objectives.
Whenever, RBI comes with dictates like stopping usurious charges for maintaining minimum balances or banning the pre-payment penalty on loans or credit card late fee payments, it is actually a castigation on banks in general and IBA in particular. Does IBA not feel that such immoral charges actually damage the good public image of banking as a service industry? If it feels so, then what action it has taken to stop banks from charging fees which have to be banned by RBI ? If they feel that banks were right, then why IBA has not the guts to protest against RBI dictates. I am of the firm view, RBI must censure IBA for being mute spectator to such fleecing of customers by banks. Who should compensate customers who have already been charged such immoral fees / charges / interest ? We expect Automakers to recall the vehicles in case any deficiency is found at a later stage, but Bank management in India are above the law and nobody ever even thinks of refunding of such charges after RBI has declared these to be wrong. Is this called Good Governess ?
I know some common bankers, top management, IBA may not agree with my strong views. In such a situation, rather than cursing me for these views, they should have the guts to protest against RBI for issuing such dictates. I wonder what would have happened to common customer if we did not have a customer friendly regulator. Let these people, but I will speak what I feel to be correct.
Let me now discuss the long term impact of such policies of banks on the reputation of banks and common bankers. Such rules may have been introduced by banks with good intentions to generate additional revenue and punish some defaulters. However, when even a single customer has to pay (Rs 500 to Rs 1000) for unintended withdrawal from SF account or delay in credit card payments, he quotes this to 10 of his friends about the immoral and arrogant attitude of banks. Thus, the image of bank and bankers gets a big hit and you start losing public sympathy. Thus policies should be such that these are NOT penal in nature for honest customers or who make intended slips / delays in payment or withdrawal. Banks can always charge a small higher interest (say instead of 12%, let them charge 14%) but not penal fee / interest. IBA and top management needs to understand difference between penalty and gentle reminder to follow the rules.
The golden rule while framing such policies is that “you should try to imagine the feelings of a person who is earning say Rs 15,000 per month (for the whole family) but forgets to deposit his dues by two or three days, and bank decides to charge Rs 1000 for the default”. We know our Electricity Boards, BSNL / MTNL too charge for delays, but it is nominal amount of Rs 50 or so. Thus, nobody makes a hue and cry as it is a gentle reminder to be careful in future, but banks have tried to fleece through penalties.
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