Tag Archives: employees

Business

Employees Gratuity Hike: Govt employees will get direct benefit of Rs 5 lakhs..CM approves Finance Department’s proposal..

Employees Gratuity Hike: Gujarat’s Bhupendra Patel government has given a big gift to the state employees just before the new year. CM Bhupendra Patel has given his approval to the proposal related to increase in the limit of death gratuity. This proposal of the Finance Department was pending with the CM. The direct benefit of this increase will be to the family members of the retired government employee.

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According to the information, on the basis of the central policy, the state government has decided to increase it by 25 percent to Rs 25 lakh directly. At present, this limit is up to Rs 20 lakh.

It is mentioned in the proposal of the state government that its benefit will be given to those government employees who have retired after January 1 in the current year (2024), that is, they have retired this year. It has been estimated that this decision of the state government will put an annual financial burden of Rs 53.15 crore on the government treasury.

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Previous articleSchool Closed Order! All schools will remain closed for 6 consecutive days, education department issued order
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Business

New rule for pension: It is mandatory for all retired employees to fill online Form 6-A for pension. Details Here

All employees retiring from central government offices will now have to fill pension form 6-A to get pension. This form can be filled only online through Bhavishya or e-HRMS 2.0 portal.

This new rule related to the pension process has come into effect in the country from November 6, 2024. Applications submitted on paper by employees retiring from central government jobs will no longer be accepted. This information has been given in a notification issued by the Pension and Pensioners Welfare Department under the Ministry of Personnel, Public Grievances and Pensions, Government of India.

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Earlier, pension application forms could be filled on paper but now employees retiring from central government jobs will have to fill online pension forms for pension. This new rule is part of a major move to digitise government processes.

It is available for personnel retiring from central government jobs from November 16. For this, a notification was issued on November 4, 2024. These online portals have been created to make the pension process simpler and more effective. Under this change, the concerned officials have to be trained to run the pension process smoothly.

These training sessions will help office heads and nodal officers understand how to use the new system. The training schedule will be shared soon. All government ministries and departments have been instructed to ensure that this new rule reaches all employees and everyone follows the new process for pension claims.

What is Pension Form 6-A

In fact, a simplified pension form 6A has been prepared for the convenience of retiring personnel. It has been prepared by combining Form Six, Eight, Four, Three, A, Format 1, Format 9, FMA and Zero Option Form. For this, rules 53, 57, 58, 59, 60 of CCS Pension Rules, 2021 have been amended. This amendment has been notified after consultation with all parties like Department of Expenditure, Department of Law and Justice, Controller General of Accounts, Comptroller and Auditor General of India, Department of Personnel and Training.

Preparation to give pension order on the day of retirement

For employees retiring from central government jobs, this pension form 6A has been integrated on the ‘Bhavishya’ or e-HRMS portal. The ‘Bhavishya’ portal is an initiative of the Pension and Pensioners Welfare Department. Under this, efforts are being made to ensure that retiring government employees receive all pending payments and pension payment orders on the day of retirement.

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Business

Ola Electric to sack 500 employees amid controversies, poor results

Investors lose Rs 38,000 crore as Ola Electric's stock continues to slide

Ola Electric set to lay off 500 employees amid controversies, poor resultsIANS

Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of an restructuring exercise.

The Bhavish Aggarwal-led electric vehicle (EV) company is trying to boost its operational efficiency by reducing redundancies and “drive profitability”, according to multiple reports. The restructuring exercise will impact employees from several departments, the reports added.

According to an Inc42 report, citing sources, “the aim is to cut expenses to drive profitability and improve margins. There’s no set time period for the completion of the exercise”.

Ola Electric did not immediately comment on layoffs.

The company reported a 43 per cent increase in net loss at Rs 495 crore in the July-September period (Q2 FY25), from Rs 347 crore in the previous quarter (Q1 FY25).

The electric two-wheeler company also saw its revenue slump 26.1 per cent to Rs 1,214 crore (on-quarter) from Rs 1,644 crore in the first quarter of this fiscal. The net loss, however, narrowed on a year-on-year basis.

Ola Electric's share nosedives further, analysts warn investors to remain cautious IANS IANS

 Ola Electric did not immediately comment on layoffsIANS

In the post-quarterly earnings call, Aggarwal said the company’s operating expenses had decreased quarter-on-quarter and that the company will focus on cost efficiencies.

“As we continue to scale distribution, revenue will keep growing while the operating expenses are likely to remain flat or even decline over the next few quarters,” Aggarwal added.

The company also saw its market share plunge to 33 per cent in Q2, down from 49 per cent in the previous quarter.

According to experts, increased competition and service network challenges have impacted Ola Electric’s market dominance.

The shares of Ola Electric continue to slide, more than Rs 38,000 crore worth of investors’ money has been eroded in the company’s stock in just a couple of months.

On Friday, the company’s share was hovering around Rs 67 apiece, way below its market debut price of Rs 76 and more than 56 per cent down from its all-time high of Rs 157.40.

The market cap had reached an all-time high of around Rs 69,000 crore, which has come down to around Rs 31,000 crore.

Several Ola Electric customers have reported problems with software, battery and jammed tyres. The Central Consumer Protection Authority (CCPA) has also ordered a comprehensive probe into the EV company over its consumer complaint redressal practices.

(With inputs from IANS)

Business

Manappuram Group Announces Plans to Hire 5000 Employees Across India

Thrissur, 22 November 2024: Manappuram Group has announced over 5000 job openings for job seekers across the country. The openings are available under Manappuram Finance, Asirvad Microfinance and the company’s subsidiaries. Positions include Junior Assistant, Field Assistant, Operations Assistant, and Housekeeping roles. Candidates applying for Junior Assistant, Field Assistant, and Operations Assistant roles are required to have a degree, while a 10th-grade pass is sufficient for Housekeeping positions. The age limit for applicants is between 21 and 35 years.

In addition to these roles, the company is also seeking postgraduates in any specialization and professionals with qualifications such as CA, CMA, CS, LLB, MBA, and B.Tech for various positions in Audit, Credit Operations, Compliance, Secretarial, Business and other departments.

Interested candidates can submit their applications through the official website of Manappuram Finance. This recruitment initiative offers a significant opportunity for job seekers to join the leading financial services organization.


Mansi Praharaj

Business

Employees Salary Hike: Govt increased the salary of these employees again after Diwali gift. Check Details

Cabinet Decision

Salary Hike Gift: Employees will get the benefit of this step of the government from July 1, 2024. Additional Chief Secretary Deepak Kumar has issued a government order to increase the salary of state employees, aided educational institutions, technical educational institutions, permanent employees of urban bodies and UGC salary holders.

The Yogi government of Uttar Pradesh has again given a gift to the state employees after Diwali. The state government has increased the dearness allowance (DA) of the employees under the fifth and sixth pay commission. The order regarding the increase in dearness allowance has been issued by the government on Thursday. Earlier, before Diwali, the government had announced to increase the DA of the employees coming under the seventh pay commission by 3 percent.

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Dearness Allowance of employees increased by 12 percent

After the recent order of the government, the dearness allowance of the employees of the fifth pay scale has been increased by 12 percent. Apart from this, the dearness allowance of the employees of the sixth pay scale will increase by 7 percent. Employees will get its benefit from July 1, 2024. In this regard, Additional Chief Secretary Deepak Kumar has issued a government order. According to the government order, the dearness allowance of state employees, permanent employees of aided educational institutions, technical educational institutions, urban bodies and UGC salary holders whose salary has not been revised since the year 2006 and they get salary as per the 5th pay scale has been increased.

DA increased from 443 to 455%

Accordingly, the dearness allowance under the fifth pay commission has been increased from 443 percent to 455 percent. Employees receiving salary under the sixth pay commission, which has not been revised since 2016, will get 246 percent DA instead of 239 percent. Earlier, on the occasion of Diwali, the Yogi government had announced to increase DA in the first week of October. At that time, the government had increased the DA of employees coming under the seventh pay commission from 50 percent to 53 percent. The dearness relief allowance (DR) of pensioners was also increased by the same amount.

Apart from this, the Yogi government had announced to give bonus to the employees at that time. This benefited about 14.82 lakh employees of the state government. Giving bonus on Diwali had put a burden of Rs 1025 crore on the state government treasury. The government had given the benefit of increased DA and bonus to the employees in the October salary. Due to Diwali, the October salary was also given to the employees on October 30.

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Business

DA Hike: Govt of this state has announced a 9% increase in DA of government employees

DA Hike : There is good news for the government employees of Madhya Pradesh. The state government has announced a 9% increase in their dearness allowance (DA), due to which now the employees will get 239% dearness allowance instead of 230%.

The benefit of this increase will be available from the salary of the month of November, which will increase the income of the employees from Rs 620 to Rs 7,000. The government has taken this decision after the long-standing demands of the employees, which has also been appreciated by the employee organizations.

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Finance Department issued order

The Finance Department of Madhya Pradesh has issued an order for this increase in dearness allowance of all sixth pay scale government employees. Earlier, from July 1, 2023, employees were getting 230% DA, which has now been increased by 9% to 239%. This increase will be considered effective from January 1, 2024 and its payment will start from October 1, 2024 (with the salary of November 2024).

Payment will be made in four installments

The arrears from January 1, 2024 to September 30, 2024 will be paid in four installments. The first installment will be given in December 2024, the second in January 2025, the third in February 2025 and the fourth in March 2025.

These employees will get payment together

The arrears of the employees who have completed their service or retired between 1 January 2024 and 30 September 2024 will be paid together. Such employees or their families will get the benefit of this amount. There is a wave of happiness among the government employees of the state due to this decision and they have expressed their gratitude to the government.

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Business

Paid holiday Declaration: Maha Govt declares paid holiday to employees on 20th November. Check Details

Maharashtra Elections 2024: The Brihanmumbai Municipal Corporation (BMC) of Maharashtra has announced paid leave for all employees on November 20 to vote in the Maharashtra Assembly elections. Companies not following this will be fined. Officials said this will promote democratic participation

The Brihanmumbai Municipal Corporation (BMC) has ordered that all employees working at businesses, establishments and other workplaces in Mumbai will be given paid leave to vote in the Maharashtra Assembly elections on November 20. The decision is aimed at ensuring maximum voter participation in the upcoming state elections. Brihanmumbai Municipal Commissioner Bhushan Gagrani has announced that all employees in Mumbai will get a holiday on November 20, the day of the Maharashtra Assembly elections.

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He said this includes employees from all sectors, whether employed in industrial, commercial or service-based establishments. In line with the Election Commission’s directions, this rule applies to all businesses, industrial undertakings, corporations and institutions operating in the Greater Mumbai area. Gagrani stressed that any violation of this directive will attract action against the companies rather than the employees. He said this order has been given to ensure that employees are not penalised for exercising their right to vote.

There will be no reduction in salary

The district election officer’s order also clarifies that employees’ salaries will not be deducted for taking leave to vote. Companies violating this directive will be subject to penalties as per the Election Commission’s guidelines, ensuring that employees can participate in the election process without fear of financial repercussions. The order states, “Every person engaged in any business, trade, industrial undertaking or any other establishment in the polling area where the election is being held has the right to vote in the State Assembly election. Leave will be granted on the day of polling i.e. Wednesday, November 20, 2024.”

The order includes provisions for flexibility for employees facing urgent or exceptional circumstances in emergency situations. In these cases employees must be given at least four hours to cast their vote, subject to prior approval from the District Election Officer. This ensures that critical services continue without disruption, while also respecting employees’ rights to participate in the democratic process.

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Business

Make Google a ‘trusted source of information’ in US election: Sundar Pichai to employees

Make Google a 'trusted source' in US election: Sundar Pichai to employees

Make Google a ‘trusted source’ in US election: Sundar Pichai to employeesIANS

As the White House race entered the crucial counting stage, Alphabet and Google CEO Sundar Pichai told employees to make sure that “the products we build” are “a trusted source of information to people of every background and belief.”

In a memo to employees, Pichai said whomever the voters entrust, “let’s remember the role we play at work, through the products we build and as a business: to be a trusted source of information to people of every background and belief”.

“We will and must maintain that. In that spirit, it’s important that everyone continue to follow our Community Guidelines and Personal Political Activity Policy,” he wrote in the internal memo.

Teams across Google and YouTube have been working hard to make sure that the platforms provide voters with high-quality and reliable information, “just as we’ve done for so many other elections around the world”.

google

“In fact, dozens of countries have held major, hotly contested elections this year, from France to India to the UK to Mexico and many more, with well over a billion people casting votes in 2024,” Pichai noted.

As with other elections, the outcome will be a major topic of conversation in living rooms and other places around the world. And of course, the outcome will have important consequences.

“Beyond election day, our work to organise the world’s information and make it universally accessible and useful will continue. Al has given us a profound opportunity to make progress on that mission, build great products and partnerships, drive innovation, and make significant contributions to national and local economies. Our company is at its best when we’re focused on that,” Pichai elaborated.

Earlier, Meta had announced to extend ban on new political ads on Facebook and Instagram even after the US presidential election on November 5. In its political ads policy update, Meta has extended ban on new political ads past Tuesday, the original end date for the restriction period.

(With inputs from IANS)

 

Business

Govt employees under NPS must submit THIS form for pension, Know deadline and details

Employees covered under NPS will now be required to fill a form. This form will decide whether they will be given pension under NPS or under the old pension system.

All central government employees covered under the National Pension System (NPS) will be required to choose their terminal benefits at the time of joining the service. This information has been given in an office memorandum issued on October 26 by the Department of Pension and Pensioners Welfare, Ministry of Personnel and Pension.

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According to this order, employees will have to fill Form 1 to decide whether they will get benefits under NPS or the old pension scheme in case of their death, disability or incapacity.

Using Form

1, employees can decide whether they will be given pension benefits under NPS or under the old pension system (Central Civil Services Pension Rules).

Mandatory to submit at the time of joining the service

This form will be required to be submitted at the time of joining the service. Also, employees who are already in service and are covered under NPS will also have to compulsorily choose this option.

Along with Form 1, all employees are required to submit Form 2 also to their office head, which contains family details.

Departments and ministries were reminded

Earlier also, employees were instructed to complete this process, but now it has been observed that many departments and ministries have not followed it completely till now.

Strict instructions for compliance

This order comes under the Central Civil Services (Implementation of NPS) Rules, 2021 and all employees have been instructed once again to submit Form 1 and Form 2 as soon as possible. Full compliance with this process will ensure that all employees get proper pension benefits and the rules are strictly followed.

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