Jul 6, 2014

Home ministry red flags FDI in sensitive areas of Indian railways

NEW DELHI: The home ministry has raised objections in allowing foreign direct investment in highly-sensitive areas of the railways sector, saying such a move may compromise security of the country's largest transportation network.

The objection came after the commerce and industry ministry circulated a draft cabinet note for inter-ministerial consultations proposing 100 per cent FDI in areas such as high-speed train systems and dedicated freight lines.

"There should not be FDI in highly sensitive parts of the railways," a home ministry official told 

Managing passenger and freight traffic and operations of trains are considered to be the most sensitive parts of the Indian Railways.

The proposal was mooted by the Department of Industrial Policy and Promotion (DIPP) under the commerce and industry ministry.



The department believes that permitting foreign investment in the cash-starved Railways would help in growth of the sector.

Railway is a critical sector for driving India's economic growth and it has the potential to raise GDP by over one per cent.

Besides high-speed train systems and dedicated freight lines, there is also a proposal to allow foreign investment in sub-urban corridors and freight lines connecting ports, mines and power installations.

According to sources, an urgent need was felt to modernize, strengthen and expand the Indian railway network which would require very large capital investments.
Source - TOI

7th PAY COMMISSION - HIGHLIGHTS OF THE DRAFT MEMORANDUM TO BE SUBMITTED BY THE NC/JCM STAFF


HIGHLIGHTS OF THE DRAFT MEMORANDUM TO BE SUBMITTED BY THE NC/JCM STAFF SIDE TO 7TH CPC BY J.R.BHOSALE TREASURER AIRF
The Preliminary Discussion held between AIRF/JCM on 28-05­2014, JCM NC has submitted Interim Memorandum on interim relief and Merger of DA.
1.      Pay scales are calculated on the basis of pay drawn pay in pay band + GP + 100% DA by employee as on 01-01-2014.
2.      7th CPC report should be implemented w.e.f. 01-01-2014.
3.      Scrap New Pension Scheme and cover all employees under Old Pension and Family Pension Scheme.
4.      JCM has proposed minimum wage for MTS (Skilled) Rs.26,000 p.m.
5.      Ratio of minimum and maximum wage should be 1:8.
6.      Generalformula for determination of pay scale based on minimum living wage demanded for MTS is pay in PB+GP x 3.7.
7.      Annual rate of increment @ 5% of the pay.
8.      Fixation of pay on promotion = 2 increments and difference of pay between present and promotional posts (minimum Rs.3000).
9.      The pay structure demanded is as under:-
                 Exiting                                                       Proposed
(in Rs.)
PB-1, GP Rs.1800                                 26,000
PB-1, GP Rs.1900]
PB-1, GP Rs.2000]                                33,000
PB-1, GP Rs. 2400]
PB-1, GP Rs.2800]                 46,000
PB-2, GP Rs.4200                  56,000


PB-2, GP Rs.4600]
PB-2, GP Rs.4800]                                    74,000
PB-2, GP Rs.5400                                  78,000
10.               Dearness Allowances on the basis of 12 monthly average of CPI, Payment on
1st Jan and 1st July every year.
11.               Overti me Allowances on the basis of total Pay+ DA +Full TA.
12 Liabilities of all Government dues of persons died i n harness be waived.
13.              Transfer Policy Group 'C and 'D Staff should not be transferred. DoPT
should issue clear cut guideline as per 5th CPC recommendation. Govt. should from a Transfer Policy in each department for transferring on mutual basis on promotion. Any order issued in violation of policy framed be cancelled by head of department on representation.
14.              Transport Allowance -
X Class Cities                                                          Y Class Cities
Pay up to Rs.75,000 Rs.7500 + DA                                                       Rs.3750 + DA
Pay above Rs.75,000 Rs.6500 + DA                                                             Rs.3500 + DA
13.                 Deputation Allowance double the rates and should be paid 10% of the pay at same station and 20% of the pay at outside station.
14.                 Classification of the post should be executive and non-executive instead of present Group A ,B.C.
15.                 Special Pay which was replaced with SPL/Allowance by 4th CPC be bring back to curtail pay scales.

 

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