Ministry of Finance Flag of India #StayHome #StaySafe
@FinMinIndia – Tweet

There is no proposal under consideration of Govt for any cut whatsoever in the existing salary of any category of central government employees. The reports in some section of media are false and have no basis whatsoever.

The Ministry of Finance already published a statement regarding this salary cut in April. He denied the media reports and demanded to be aware of the false news.

Few News Channels announced that, during this corona virus outbreak, central government plans to reduce salaries of central government employees by 30 percent.

The post No proposal to reduce salary of Central Government employees – Ministry of Finance appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

HIGHLIGHTS: As per the statistics given below, clerical staff working in banks are the worst affected.

In fact, a clerk in Central Government service earns a monthly salary of Rs.33,920, whereas the monthly salary of JMGS I officers in a bank is Rs.32,471 (both at the beginning of the scale).  This is the mother of all injustice.

MONTHLY SALARY OF CENTRAL GOVERNMENT STAFF AND BANK STAFF (OTHER THAN OFFICERS) AS ON 01-08-2013 – A COMPARISON

MONTHLY SALARY OF CENTRAL GOVERNMENT STAFF AND BANK STAFF (OTHER THAN OFFICERS) AS ON 01-08-2013 – A COMPARISON

Note:

1. As regards Education Allowance, Staff Welfare/Maintenance Expenses and Newspaper subscription paid to bank staff, the average prevailing at the industry level has been taken into account, to have a fair and reasonable comparison.

2. In some banks, cost of 15 litres of petrol is reimbursed as ‘Conveyance Allowance’ to award staff, besides the above.  At the present prices, this will be Rs.1,100 extra.

3. If we compare the limited working hours a day and 5 day week for the central government staff, bank staff  need to be paid additional amount of compensation for the extra hours worked (15% more than the central government staff).

4. The volume and varieties of work handled by a bank staff are beyond comparison.

5. If someone moots the topic of concessional loans for bank staff, ask them to consider these points so far as the bank employees are concerned:

(a)  There is no tax liability on the perquisites paid to the government staff.
(b) Number of transfers of a government staff is far less compared to his counterpart in a bank.
(c)  If the amount of risks and responsibilities is any criterion, the bank employees (other than officers) must be paid not less than 150% of the salaries paid to the central government staff.
(d) Central government staff enjoy stagnation-free running scale, throughout their career.
(e)  Whenever the pay scales of central government staff are revised, their pension also undergoes automatic revision, for all types of pensioners.

6. If we look at the statistics given above, clerical staff working in banks are the worst affected.

7. In fact, a clerk in Central Government service earns a monthly salary of Rs.33,920, whereas the monthly salary of JMGS I officers in a bank is Rs.32,471 (both at the beginning of the scale).  This is the mother of all injustice.

Source: www.allbankingsolutions.com

The post Central Government Employees and Bank Employees salary: A comparative Statement appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.