Various PSU and Private sector banks slashed interest rate on Fixed deposit...Govt. allowed central staff to draw upto Rs 10 thousand in cash as advance salary..Banks, Post offices to report cash deposits of over Rs 2.5 lakh to I-T...Dearness Relief to Central Government pensioners/family pensioners from 1.7.2016 - Orders issued...Don't need ID copies to exchange old currency notes, says Reserve Bank of India ......WELCOME TO SAPOST ODISHA... ...

CENTRAL GOVERNMENT EMPLOYEES TAKING LEAVE ON JAN 1, 2016 MAY FACE CUT IN SALARY REVISION

New Delhi: It is bitter bill that the Central Government employees will have to swallow if they take leave on January 1, 2016.
As per the 7th Pay Commission Recommendations, taking leave on 1-1-2016 will affect the effective date of pay revision. The notification says that pay revision will be effected from 1st January 2016 only for those who are present on duty on 1st January 2016.
A Department of Para Military Forces has also informed its officials that if an employee goes on leave on 1st January 2016, the increased pay will be effected only from the date of which such employee resumes duty and not from the first of January 2016.

Source : Zee News

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