AIMA - www.aima.org
AIMA, the Alternative Investment Management Association, is the hedge fund industry's global, not-for-profit trade association with over 1,280 corporate members worldwide.
Members include leading hedge fund managers, fund of hedge funds managers, prime brokers, legal and accounting services and fund administrators. They all benefit from AIMA’s active influence in policy development, its leadership in industry initiatives, including education and sound practice manuals and its excellent reputation with regulators.
AIMA is a dynamic organisation that reflects its membership’s interests and provides them with a vibrant global network. AIMA is committed to developing industry skills and education standards, and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) – the industry’s first and only specialised educational standard for alternative investment specialists.
About AIMA
Founded in 1990, AIMA is the only professional trade association with worldwide membership representing the hedge fund industry. Today, it has 1,280 corporate members.
AIMA addresses the real issues affecting the industry’s development. Its focus on education, regulation, policy development and sound practices has resulted in a substantial body of work used around the world by members, institutional investors, policymakers and regulators. AIMA provides the centre of knowledge for the hedge fund industry.
AIMA has built an excellent reputation for its professionalism, high quality output and meaningful dialogue with policymakers around the world. Its role in this dynamic industry is substantial. It provides a unified voice for this large and growing industry.
AIMA’s objectives are to:
provide an interactive and professional forum for its membership and act as a catalyst for the industry’s future development;
be the pre-eminent voice of the industry to the wider financial community, institutional investors, the media, regulators, governments and other policy makers; and
offer a centralised source of information on the industry’s activities and influence, and to secure its place in the investment management community.
AIMA is governed by its Council (Board of Directors).
http://www.aima.org
Friday, September 26, 2008
Green Olympiad - www.teriin.org
Green Olympiad - www.teriin.org
"In the last few decades or so climate change has become one of the most important and sensitive environmental issues facing the world"
−Dr. R K Pachauri
Director General, TERI
Theme for GREEN Olympiad examination 2008 is "Our Environment and Climate Change"
National Student Roll Numbers
International Student Roll Numbers
If you care for mother earth, ecotourism is the thing for you! TERI Deragreen at Mukteshwar offers you an adventure filled holiday in the luxurious lap of nature. GREEN Olympiad state winners were recently taken to TERI Dera Green to connect closely to the planet.The stay at DeraGreen was aimed at instilling a sense of preserving nature's bounties for the future.
To know more about Green Olympiad click here.
"In the last few decades or so climate change has become one of the most important and sensitive environmental issues facing the world"
−Dr. R K Pachauri
Director General, TERI
Theme for GREEN Olympiad examination 2008 is "Our Environment and Climate Change"
National Student Roll Numbers
International Student Roll Numbers
If you care for mother earth, ecotourism is the thing for you! TERI Deragreen at Mukteshwar offers you an adventure filled holiday in the luxurious lap of nature. GREEN Olympiad state winners were recently taken to TERI Dera Green to connect closely to the planet.The stay at DeraGreen was aimed at instilling a sense of preserving nature's bounties for the future.
To know more about Green Olympiad click here.
Sixth Pay Commission recommendations: Goa govt to appoint financial consultant for 6th pay comm
Sixth Pay Commission recommendations: Goa govt to appoint financial consultant for 6th pay comm
26 Sep, 2008
PANAJI: Goa government has decided to appoint a financial consultant who will tell the state how to mop up funds for implementing the Sixth Pay Commission recommendations.
The state will have to bear a liability of Rs 700 crore initially and an additional Rs 300 crore annually once it implements the pay commission recommended wages for its employees from this November onwards.
Goa Chief Minister Digamber Kamat had yesterday announced that the state would implement the Sixth Pay Commission.
"The financial consultant will guide us on how to implement some savings or enhance the tax further so that the revenue can be generated," Goa Chief Secretary J P Singh said.
"We will curtail the expenditure by identifying some schemes where we can cut down. We will also create sinking fund...The financial consultant will help us to manage our finances better," Singh said.
He added that the savings would attain more importance.
Earlier briefing about the cabinet decisions, Kamat on Thursday told reporters that that state will work out modalities to share liability with the centre.
http://economictimes.indiatimes.com/
26 Sep, 2008
PANAJI: Goa government has decided to appoint a financial consultant who will tell the state how to mop up funds for implementing the Sixth Pay Commission recommendations.
The state will have to bear a liability of Rs 700 crore initially and an additional Rs 300 crore annually once it implements the pay commission recommended wages for its employees from this November onwards.
Goa Chief Minister Digamber Kamat had yesterday announced that the state would implement the Sixth Pay Commission.
"The financial consultant will guide us on how to implement some savings or enhance the tax further so that the revenue can be generated," Goa Chief Secretary J P Singh said.
"We will curtail the expenditure by identifying some schemes where we can cut down. We will also create sinking fund...The financial consultant will help us to manage our finances better," Singh said.
He added that the savings would attain more importance.
Earlier briefing about the cabinet decisions, Kamat on Thursday told reporters that that state will work out modalities to share liability with the centre.
http://economictimes.indiatimes.com/
indian railway - www.indianrail.gov.in
indian railway - www.indianrail.gov.in
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Dial 139 from your landline, mobile & CDMA phones for railway enquiries
Railway SMS Enquiry Numbers:
57886,54959,58888,5676747
All the above mentioned are available online at http://www.indianrail.gov.in/
PNR Enquiry»
Train/Fare Accommodation»
Fare Enquiry»
Internet Reservation»
Train Between Important Stations»
Upgraded Passenger Scheme/Chart»
Weekly Availability at Stations»
Vacant Berth on Train
Dial 139 from your landline, mobile & CDMA phones for railway enquiries
Railway SMS Enquiry Numbers:
57886,54959,58888,5676747
All the above mentioned are available online at http://www.indianrail.gov.in/
MAT Result declared
MAT Result declared
MANAGEMENT APTITUDE TEST (MAT) RESULTS
MAT Result has been announced. Check your result at http://www.aima-ind.org/matresults/mat_result.asp
Tags: mat results, aima, www.aima ind.org, mat
MANAGEMENT APTITUDE TEST (MAT) RESULTS
MAT Result has been announced. Check your result at http://www.aima-ind.org/matresults/mat_result.asp
Tags: mat results, aima, www.aima ind.org, mat
Sixth Pay Commission: Armed Forces to withhold pay panel’s report
Sixth Pay Commission: Armed Forces to withhold pay panel’s report
New Delhi, Sept 26: Clearly unhappy with the Pay Commission, the armed forces (Army, Navy, Air Force) have decided not to implement the recommendations alleging discrepancies in parity and status in comparison to their counterparts in civil services and Central police organisations, media reports said.
To express their unhappiness, personnel of the three services have decided to withhold the implementation of Sixth Pay Commission’s recommendations which were to come into effect from October 01.
“It is quite a serious matter. We can’t just accept something half-hearted like this. In fact, there were too some anomalies in the 5th Pay Commission recommendation for the Armed forces which are yet to be resolved,” said former Army Chief General VP Mallik.
The forces have now sought direct intervention of the Prime Minister to resolve the matter.
Meanwhile, the Defence Ministry has also asked the Finance Ministry to look into the matter.
The forces reportedly complained that Colonels, Lt Colonels (and their equivalent ranks in other two services) are paid Rs 10,000 less than civilian counterparts. Also, the forces are furious at the fact that Lt Generals, Admirals and Air Marshals have been kept at a lower status and pay scales than DGPs.
Review of a proposal of pay panel that reduced the pensions for jawans are also on the list.
Source: http://www.zeenews.com/
New Delhi, Sept 26: Clearly unhappy with the Pay Commission, the armed forces (Army, Navy, Air Force) have decided not to implement the recommendations alleging discrepancies in parity and status in comparison to their counterparts in civil services and Central police organisations, media reports said.
To express their unhappiness, personnel of the three services have decided to withhold the implementation of Sixth Pay Commission’s recommendations which were to come into effect from October 01.
“It is quite a serious matter. We can’t just accept something half-hearted like this. In fact, there were too some anomalies in the 5th Pay Commission recommendation for the Armed forces which are yet to be resolved,” said former Army Chief General VP Mallik.
The forces have now sought direct intervention of the Prime Minister to resolve the matter.
Meanwhile, the Defence Ministry has also asked the Finance Ministry to look into the matter.
The forces reportedly complained that Colonels, Lt Colonels (and their equivalent ranks in other two services) are paid Rs 10,000 less than civilian counterparts. Also, the forces are furious at the fact that Lt Generals, Admirals and Air Marshals have been kept at a lower status and pay scales than DGPs.
Review of a proposal of pay panel that reduced the pensions for jawans are also on the list.
Source: http://www.zeenews.com/
6th Pay Commission recommendations: Revised salary from Nov l Uncertainty over arrears
6th Pay Commission recommendations: Revised salary from Nov l Uncertainty over arrears
PANJIM, SEPT 25 — The Goa Cabinet today took the much-awaited decision to implement the 6th Pay Commission recommendations.
The actual payment through monthly salary under the revised pay scales will commence from November 2008.
Addressing a press conference in the city, Chief Minister Digambar Kamat said, “the Government in principle decided to implement the recommendations of the 6th Pay Commission from November 2008”.
The revised pay scales will be implemented in respect of all the Government employees and those serving in aided-institutions (teaching and non-teaching staff) with effect from January 1, 2006.
Replying to queries, Kamat couldn’t give a clear picture over payment of arrears.
Sources in the Government, however, told Herald that the arrears for the period 1-1-2006 to 31-8-2008, for employees appointed prior to August 5, 2005, will be credited to their GPF Account in three equal installments with a lock-in period of three years. In the process, this will become a loan to the State Government carrying interest applicable to GPF (presently it is 8% per annum).
There are nearly 7,000 new employees appointed on or after August 5, 2005 who are covered under the New Defined Pension Contribution Scheme and they do not have a separate GPF account, the sources said.
For them, a separate account would be opened under the Public Account to deposit their arrears in three equal installments with a lock-in period of three years.
Kamat announced that the arrears for September and October will be disbursed later after making a budgetary provision in the Supplementary Demand for the current year.
The total financial implication including the two years arrears would be around Rs 700 crore.
The additional expenditure this year itself would be around Rs 150 crore, he claimed adding the additional burden would be approximately Rs 25 crore per month.
Asked how the Government intends to pay the arrears, Kamat said that his officers are working out the modalities.
He also looked non-committal when asked whether the arrears would be credited to GPF.
To a question whether the recommendations would be accepted with effect from January 1, 2008, he said, “Let us see we are still working on it.”
Asked what he means by word “in principle approval” here, Kamat said that the recommendation has various minute things which are being studied by the Government.
“The recommendations were for Central Government employees and the State is examining whether those things can be implemented here,” he said.
When asked whether the State had the finances to pay or would go in for a loan, Kamat replied we have not decided on that as yet but ruled out taking any loans for the purpose.
“We will have to take ‘some saving’ measures by curtailing expenditures”, he maintained.
We have taken some measures in this regard like the fixation of land rates for stamp duty etc and are trying to get in some more revenue, he added.
Meanwhile, sources told Herald that modalities would be worked out for which a meeting will be held next week.
Directorate of Accounts will be asked by the Government to compile arrears for the period from 1-1-2006 to 31-10-2008 by end of the year.
Sources said the 6th Pay Commission will not be made applicable to employees governed by UGC and AICTE scales.
TA: The employees will also be entitled to traveling allowance in place of CCA (City Compensatory allowance).
PARITY: The sources said that there’s a high possibility that pay fixation for those employees who enjoy upgraded pay scales (excluded) will be done corresponding to their pre-upgraded scales. With this, the Government intends to bring parity in pay scales as it has been a long-pending demand of Goa Government Employees Association.
However, sources say, this will not be an easy task as strong lobbies are working to retain the upgrades scales.
Source: http://oheraldo.in
PANJIM, SEPT 25 — The Goa Cabinet today took the much-awaited decision to implement the 6th Pay Commission recommendations.
The actual payment through monthly salary under the revised pay scales will commence from November 2008.
Addressing a press conference in the city, Chief Minister Digambar Kamat said, “the Government in principle decided to implement the recommendations of the 6th Pay Commission from November 2008”.
The revised pay scales will be implemented in respect of all the Government employees and those serving in aided-institutions (teaching and non-teaching staff) with effect from January 1, 2006.
Replying to queries, Kamat couldn’t give a clear picture over payment of arrears.
Sources in the Government, however, told Herald that the arrears for the period 1-1-2006 to 31-8-2008, for employees appointed prior to August 5, 2005, will be credited to their GPF Account in three equal installments with a lock-in period of three years. In the process, this will become a loan to the State Government carrying interest applicable to GPF (presently it is 8% per annum).
There are nearly 7,000 new employees appointed on or after August 5, 2005 who are covered under the New Defined Pension Contribution Scheme and they do not have a separate GPF account, the sources said.
For them, a separate account would be opened under the Public Account to deposit their arrears in three equal installments with a lock-in period of three years.
Kamat announced that the arrears for September and October will be disbursed later after making a budgetary provision in the Supplementary Demand for the current year.
The total financial implication including the two years arrears would be around Rs 700 crore.
The additional expenditure this year itself would be around Rs 150 crore, he claimed adding the additional burden would be approximately Rs 25 crore per month.
Asked how the Government intends to pay the arrears, Kamat said that his officers are working out the modalities.
He also looked non-committal when asked whether the arrears would be credited to GPF.
To a question whether the recommendations would be accepted with effect from January 1, 2008, he said, “Let us see we are still working on it.”
Asked what he means by word “in principle approval” here, Kamat said that the recommendation has various minute things which are being studied by the Government.
“The recommendations were for Central Government employees and the State is examining whether those things can be implemented here,” he said.
When asked whether the State had the finances to pay or would go in for a loan, Kamat replied we have not decided on that as yet but ruled out taking any loans for the purpose.
“We will have to take ‘some saving’ measures by curtailing expenditures”, he maintained.
We have taken some measures in this regard like the fixation of land rates for stamp duty etc and are trying to get in some more revenue, he added.
Meanwhile, sources told Herald that modalities would be worked out for which a meeting will be held next week.
Directorate of Accounts will be asked by the Government to compile arrears for the period from 1-1-2006 to 31-10-2008 by end of the year.
Sources said the 6th Pay Commission will not be made applicable to employees governed by UGC and AICTE scales.
TA: The employees will also be entitled to traveling allowance in place of CCA (City Compensatory allowance).
PARITY: The sources said that there’s a high possibility that pay fixation for those employees who enjoy upgraded pay scales (excluded) will be done corresponding to their pre-upgraded scales. With this, the Government intends to bring parity in pay scales as it has been a long-pending demand of Goa Government Employees Association.
However, sources say, this will not be an easy task as strong lobbies are working to retain the upgrades scales.
Source: http://oheraldo.in
Sixth Pay Commission: Antony urges PM to address forces’ pay panel demands
Sixth Pay Commission: Antony urges PM to address forces’ pay panel demands
September 22, 2008
As the armed forces have refused to take their salaries recommended by the pay panel unless their “core issues” are addressed, Defence Minister A.K. Antony has written to Prime Minister Manmohan Singh to take their demands into consideration.
Antony's letter comes after the three services' chiefs put their foot down and sought redressal of their demands pertaining to the Sixth Pay Commission.
“Antony last week strongly recommended that the prime minister and the finance minister (P. Chidambaram) consider the four issues raised by the forces,” a defence source said Monday.
The reviewed report of the Sixth Pay Commission has upgraded the civilian and paramilitary counterparts of officers of the rank of lieutenant colonel and equivalent to a higher pay band.
As a result, civilian officers who were in the lower pay bracket and were hitherto drawing lesser pay than lieutenant colonels and officers of equivalent rank would now draw a higher basic salary.
The armed forces have been contending that these “core issues” would affect the joint operations of the armed forces and paramilitary forces.
The report of the Sixth Pay Commission, headed by Justice (retd) B.N. Srikrishna, was submitted to Finance Minister Chidambaram March 24.
It led to protests from both civilian and defence personnel, following which the government appointed a committee under Cabinet Secretary K. Chandrashekhar to study the various demands for financial corrections.
Source: http://www.freshnews.in/
September 22, 2008
As the armed forces have refused to take their salaries recommended by the pay panel unless their “core issues” are addressed, Defence Minister A.K. Antony has written to Prime Minister Manmohan Singh to take their demands into consideration.
Antony's letter comes after the three services' chiefs put their foot down and sought redressal of their demands pertaining to the Sixth Pay Commission.
“Antony last week strongly recommended that the prime minister and the finance minister (P. Chidambaram) consider the four issues raised by the forces,” a defence source said Monday.
The reviewed report of the Sixth Pay Commission has upgraded the civilian and paramilitary counterparts of officers of the rank of lieutenant colonel and equivalent to a higher pay band.
As a result, civilian officers who were in the lower pay bracket and were hitherto drawing lesser pay than lieutenant colonels and officers of equivalent rank would now draw a higher basic salary.
The armed forces have been contending that these “core issues” would affect the joint operations of the armed forces and paramilitary forces.
The report of the Sixth Pay Commission, headed by Justice (retd) B.N. Srikrishna, was submitted to Finance Minister Chidambaram March 24.
It led to protests from both civilian and defence personnel, following which the government appointed a committee under Cabinet Secretary K. Chandrashekhar to study the various demands for financial corrections.
Source: http://www.freshnews.in/
Sixth Pay Commission: IPS officers allege anomalies in pay-scale, meet CM
Sixth Pay Commission: IPS officers allege anomalies in pay-scale, meet CM
Shimla, September 25 Indian Police Services (IPS) officers in the Himachal cadre are upset with the “serious anomalies” that have allegedly cropped up in their new pay-scales on the basis of the Sixth Pay Commission report.
The IPS Officers’ Association today met Chief Minister Prem Kumar Dhumal and pointed out that the latest notification, issued by the government, has put the police officers at a loss.
However, as compared to them, they said the IAS officers are understood to have got two increments, resulting in anomalies in the scales.
Said S.R. Mardi, an office-bearer of the IPS Association, “We have explained the issue to the Chief Minister and asked him to take up the matter with the Central government. If the notification issued now is implemented, the IPS officers will suffer injustice.”
Source: http://www.indianexpress.com/
Shimla, September 25 Indian Police Services (IPS) officers in the Himachal cadre are upset with the “serious anomalies” that have allegedly cropped up in their new pay-scales on the basis of the Sixth Pay Commission report.
The IPS Officers’ Association today met Chief Minister Prem Kumar Dhumal and pointed out that the latest notification, issued by the government, has put the police officers at a loss.
However, as compared to them, they said the IAS officers are understood to have got two increments, resulting in anomalies in the scales.
Said S.R. Mardi, an office-bearer of the IPS Association, “We have explained the issue to the Chief Minister and asked him to take up the matter with the Central government. If the notification issued now is implemented, the IPS officers will suffer injustice.”
Source: http://www.indianexpress.com/
6th Pay Commission: Pay parity battle: Navy, Army chiefs meet cabinet secy
6th Pay Commission: Pay parity battle: Navy, Army chiefs meet cabinet secy
26 Sep 2008
NEW DELHI: The armed forces continue to wage their battle against the notification of the new pay scales. Navy chief Admiral Sureesh Mehta and Army chief General Deepak Kapoor met cabinet secretary K M Chandrashekar on Thursday to seek urgent corrective steps to resolve their pending "core issues".
With the armed forces seething with anger at the delay in restoring their parity with their civilian and paramilitary counterparts, defence minister A K Antony was virtually forced to write to Prime Minister Manmohan Singh on Tuesday to seek his personal intervention in the matter.
This came after the finance ministry rejected the "core issues" raised by the armed forces, including the main one connected with Lt-Colonel rank officers, without giving any reasons. The government has so far only indicated its willingness to restore the earlier 70% "pensionary weightage" given to jawans, overruling the 50% recommended by the 6th Pay Commission.
The top military brass, in turn, is upset with "bureaucratic attempts" to drive a wedge between their officers and PBOR (personnel below officer rank). The military leadership, in fact, has sent a message down its ranks that the battle is being fought for both officers and PBOR in "a united, cohesive" manner.
While civilian government employees will get their new pay scales and 40% arrears on October 1, the armed forces are holding firm that they will continue with their old pay scales till the matter is resolved. The armed forces are particularly angry that the "extant parity" of Lt-Cols has been lowered by retaining them in Pay Band-3 (Rs 15,600-39,100), while raising similarly placed civilians and paramilitary officers to PB-4 (Rs 37,400-67,000).
The "lowering of status" of Lt-Cols and their equivalent ranks in IAF (Wing Commander) and Navy (Commander) is of major concern since these ranks constitute the bulk of the fighting force among officers. Almost 18,950 of the 54,770 officers in the 13-lakh strong armed forces, after all, are Lt-Col rank officers.
Another core issue is that all directors-general of police and their equivalents have been placed over Lt-Generals by the creation of a new "higher administrative grade-plus". The forces want all Lt-Gens to be placed in this grade.
Source: http://timesofindia.indiatimes.com/
26 Sep 2008
NEW DELHI: The armed forces continue to wage their battle against the notification of the new pay scales. Navy chief Admiral Sureesh Mehta and Army chief General Deepak Kapoor met cabinet secretary K M Chandrashekar on Thursday to seek urgent corrective steps to resolve their pending "core issues".
With the armed forces seething with anger at the delay in restoring their parity with their civilian and paramilitary counterparts, defence minister A K Antony was virtually forced to write to Prime Minister Manmohan Singh on Tuesday to seek his personal intervention in the matter.
This came after the finance ministry rejected the "core issues" raised by the armed forces, including the main one connected with Lt-Colonel rank officers, without giving any reasons. The government has so far only indicated its willingness to restore the earlier 70% "pensionary weightage" given to jawans, overruling the 50% recommended by the 6th Pay Commission.
The top military brass, in turn, is upset with "bureaucratic attempts" to drive a wedge between their officers and PBOR (personnel below officer rank). The military leadership, in fact, has sent a message down its ranks that the battle is being fought for both officers and PBOR in "a united, cohesive" manner.
While civilian government employees will get their new pay scales and 40% arrears on October 1, the armed forces are holding firm that they will continue with their old pay scales till the matter is resolved. The armed forces are particularly angry that the "extant parity" of Lt-Cols has been lowered by retaining them in Pay Band-3 (Rs 15,600-39,100), while raising similarly placed civilians and paramilitary officers to PB-4 (Rs 37,400-67,000).
The "lowering of status" of Lt-Cols and their equivalent ranks in IAF (Wing Commander) and Navy (Commander) is of major concern since these ranks constitute the bulk of the fighting force among officers. Almost 18,950 of the 54,770 officers in the 13-lakh strong armed forces, after all, are Lt-Col rank officers.
Another core issue is that all directors-general of police and their equivalents have been placed over Lt-Generals by the creation of a new "higher administrative grade-plus". The forces want all Lt-Gens to be placed in this grade.
Source: http://timesofindia.indiatimes.com/
Sixth Pay Commission: Services to hold pay report till Lt Cols moved to higher band
Sixth Pay Commission: Services to hold pay report till Lt Cols moved to higher band
New Delhi, September 25 Admiral Sureesh Mehta, Chairman, Chiefs of Staff Committee, in consultation with the Army and Air Force Chiefs is learnt to have decided to withhold the implementation of the Sixth Pay Commission report in the armed forces until the Government agrees to the place Lieutenant Colonels and their equivalents in the higher pay band even as the Defence Ministry has again asked the Finance Ministry to reconsider this key demand. The contentious issue has now become a war of nerves between the Armed Forces and the government with only five days left to implement the pay commission report.
Government sources said that Admiral Mehta has decided not to issue “government draft letter” that is required by the Defence Ministry to implement the new pay scales and arrears on October 1. The three service chiefs apparently took this decision as the existing pay band 3, as per the Pay Commission, is unacceptable to Lt Colonels and their equivalents. Backed by their seniors, the Lt Colonels want the next pay band, which is 4, so that they at least get more salary than their counterparts in the Coast Guard. Even though the Defence Ministry has quietly reminded the services for issuing the draft letter, the service chiefs are under tremendous pressure not to yield to the government till the pay disparities are rectified.
The Defence Ministry has again requested the Finance Ministry to reconsider the armed forces demand of placing the Lt Colonels in pay band 4. But this time they have not referred to the other key demand that Lt Generals be placed in the Higher Administrative Grade plus scale so that their parity with the Director Generals of Police is maintained. Defence Minister A K Antony has already written to Prime Minister Manmohan Singh on the Lt Colonel issue after Finance Ministry rejected the South Block request on grounds that it did not want to reopen a Pandora’s box by revisiting the Pay Commission report.
Source: http://www.indianexpress.com/
New Delhi, September 25 Admiral Sureesh Mehta, Chairman, Chiefs of Staff Committee, in consultation with the Army and Air Force Chiefs is learnt to have decided to withhold the implementation of the Sixth Pay Commission report in the armed forces until the Government agrees to the place Lieutenant Colonels and their equivalents in the higher pay band even as the Defence Ministry has again asked the Finance Ministry to reconsider this key demand. The contentious issue has now become a war of nerves between the Armed Forces and the government with only five days left to implement the pay commission report.
Government sources said that Admiral Mehta has decided not to issue “government draft letter” that is required by the Defence Ministry to implement the new pay scales and arrears on October 1. The three service chiefs apparently took this decision as the existing pay band 3, as per the Pay Commission, is unacceptable to Lt Colonels and their equivalents. Backed by their seniors, the Lt Colonels want the next pay band, which is 4, so that they at least get more salary than their counterparts in the Coast Guard. Even though the Defence Ministry has quietly reminded the services for issuing the draft letter, the service chiefs are under tremendous pressure not to yield to the government till the pay disparities are rectified.
The Defence Ministry has again requested the Finance Ministry to reconsider the armed forces demand of placing the Lt Colonels in pay band 4. But this time they have not referred to the other key demand that Lt Generals be placed in the Higher Administrative Grade plus scale so that their parity with the Director Generals of Police is maintained. Defence Minister A K Antony has already written to Prime Minister Manmohan Singh on the Lt Colonel issue after Finance Ministry rejected the South Block request on grounds that it did not want to reopen a Pandora’s box by revisiting the Pay Commission report.
Source: http://www.indianexpress.com/
6th Pay Commission : Defence Forces reject revised salaries under Pay Panel
Defence Forces reject revised salaries under Pay Panel
New Delhi, Sept 26 (PTI) The Defence Forces today did not submit their revised salary bills to the ministry's accounts office, effectively deferring implementation of the 6th Pay Commission report "with the existing anomalies" that affect personnel across all ranks.
"The Armed Forces have not raised their pay vouchers in the revised scales in accordance with the 6th Central Pay Commission (CPC) notification and have submitted bills in the old pay scales," a Defence Ministry source told PTI here.
Though the government had yesterday in principle accepted the Services' demand for restoring 70 per cent "extant pensionary weightage" to jawans on the basis of their last drawn pay, the Armed Forces are cut up with the Finance Ministry over the rejection of their three other demands concerning officers.
The CPC had recommended that the jawans be given 50 per cent "pensionary weightage" and provided an option of lateral entry into paramilitary and central police forces.
The Armed Forces wanted the lateral entry scheme to be first approved and implemented by the government before the CPC recommendation on the 50 per cent "pensionary weightage" came into effect.
"We have accepted salaries this month under the old pay scales, as we expect the government to take a quick decision on all our demands soon after Prime Minister Manmohan Singh returns from his US visit on October 1," an Armed Forces officer said. PTI
Source: http://www.ptinews.com/
New Delhi, Sept 26 (PTI) The Defence Forces today did not submit their revised salary bills to the ministry's accounts office, effectively deferring implementation of the 6th Pay Commission report "with the existing anomalies" that affect personnel across all ranks.
"The Armed Forces have not raised their pay vouchers in the revised scales in accordance with the 6th Central Pay Commission (CPC) notification and have submitted bills in the old pay scales," a Defence Ministry source told PTI here.
Though the government had yesterday in principle accepted the Services' demand for restoring 70 per cent "extant pensionary weightage" to jawans on the basis of their last drawn pay, the Armed Forces are cut up with the Finance Ministry over the rejection of their three other demands concerning officers.
The CPC had recommended that the jawans be given 50 per cent "pensionary weightage" and provided an option of lateral entry into paramilitary and central police forces.
The Armed Forces wanted the lateral entry scheme to be first approved and implemented by the government before the CPC recommendation on the 50 per cent "pensionary weightage" came into effect.
"We have accepted salaries this month under the old pay scales, as we expect the government to take a quick decision on all our demands soon after Prime Minister Manmohan Singh returns from his US visit on October 1," an Armed Forces officer said. PTI
Source: http://www.ptinews.com/
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