Newest Information
Salaries deducted for COVID struggle to be merged with PF

Latest News Kerala Chief Minister Pinarayi Vijayan. File

Kerala Chief Minister Pinarayi Vijayan. File
 


Newest Information
Salaries deducted for COVID struggle to be merged with PF

A slew of measures, together with wage lower for six months from September, have been cleared by the Cupboard to mobilise income within the wake of monetary disaster made acute by the pandemic and lockdown.

Performing on the report of the 2 professional committees headed by former Chief Secretary Okay.M. Abraham and Director, Centre for Improvement Research, Sunil Mani, the Cupboard chaired by Chief Minister Pinarayi Vijayan determined to merge the six-day salaries of the federal government staff and academics deducted for 5 months from April this 12 months, to satisfy the bills for the COVID-19 struggle, within the Provident Fund on April 1, 2021.

“The quantity merged within the PF might be withdrawn by the staff from June 1, 2021 and will likely be given 9% annual curiosity until it’s deposited within the PF on April 1, 2021. That is to keep away from the ₹2,500 crore extra burden to the exchequer if the deducted quantity is returned now,” a communication from the Chief Minister’s Workplace mentioned.

The Cupboard determined to increase the wage lower for one more six months from September after holding discussions with recognised unions of presidency staff and academics. The initiative will likely be referred to as COVID-19 Revenue Assist Scheme. It’ll additionally appeal to 9% annual curiosity until it’s merged in PF on April 1, 2021.

Newest Information Depart give up

For pensioners with out PF, the deducted cash will likely be returned after June 2021 in equal month-to-month instalments. Depart give up, frozen now, will likely be merged with PF and will likely be allowed from September. However, the cash might be withdrawn solely from June 1, 2021. Within the subsequent monetary 12 months, the go away give up will likely be allowed solely from June 1, 2021.

Depart with out pay that’s out there for 20 years has been lowered to 5 years. The observe of reporting posts after the worker goes on go away for 90 days has been scrapped.

New posts of faculty academics will likely be allowed from June this 12 months by making an allowance for minimal 16 hours of educating in per week. Guidelines will likely be amended inside a month by the Greater Schooling Division. The present rule of making a publish of college trainer with a rise of 1 scholar will likely be prevented. The federal government would be the last authority to create posts of academics in colleges and guarded academics will get precedence.