Feb 14, 2018

HBA Interest Rate Concession for Small Family Norms Withdrawn

Press Information Bureau 
Government of India
Ministry of Housing & Urban Affairs
09-November-2017 18:33 IST

House Building Advance 2017 

The Government has revised the House Building Advance (HBA) rules for Central Government Employees incorporating the accepted recommendations of the 7th Pay Commission. Following are the salient features of the new rules:-

1. The total amount of advance that a central government employee can borrow from government has been revised upwards. The employee can up to borrow 34 months of the basic pay subject to a maximum of Rs. 25 lakhs (Rs. Twenty Five Lakhs only), or cost of the house/flat, or the amount according to repaying capacity, whichever is the least for new construction/purchase of new house/flat. Earlier this limit was only Rs.7.50 lakhs.

2. Similarly, the HBA amount for expansion of the house has been revised to a maximum of Rs.10 lakhs or 34 months of basic pay or cost of the expansion of the house or amount according to repaying capacity, whichever is least. This amount was earlier Rs.1.80 lakhs. 

3. The cost ceiling limit of the house which an employee can construct/ purchase has beenrevised to Rs.1.00 crore with a proviso of upward revision of 25% in deserving cases. The earlier cost ceiling limit was Rs.30 lakhs.
4. Both spouses, if they are central government employees, are now eligible to take HBA either jointly, or separately. Earlier only one spouse was eligible for House Building Advance.

5. There is a provision for individuals migrating from home loans taken from Financial Institutions/ Banks to HBA, if they so desire.

6. The provision for availing ‘second charge’ on the house for taking loans to fund balance amount from Banks/ Financial Institutions has been simplified considerably. ‘No Objection Certificate’ will be issued along with sanction order of HBA, on employee’s declaration.

7. Henceforth, the rate of Interest on Housing Building Advance shall be at only one rate of 8.50% at simple interest (in place of the earlier four slabs of bearing interest rates ranging from 6% to 9.50% for different slabs of HBA which ranged from Rs.50,000/- to Rs.7,50,000/-) .

8. This rate of interest shall be reviewed every three years. All cases of subsequent tranches/ installments of HBA being taken by the employee in different financial years shall be governed by the applicable rate of interest in the year in which the HBA was sanctioned, in the event of change in the rate of interest. HBA is admissible to an employee only once in a life time.

9. The clause of adding a higher rate of interest at 2.5% (two point five percent) above the prescribed rate during sanction of House Building Advance stands withdrawn. Earlier the employee was sanctioned an advance at an interest rate of 2.5% above the scheduled rateswith the stipulation that if conditions attached to the sanction including those relating to the recovery of amount are fulfilled completely, to the satisfaction of the competent authority, a rebate of interest to the extent of 2.5% was allowed.

10. The methodology of recovery of HBA shall continue as per the existing pattern recovery of principal first in the first fifteen years in 180 monthly instalments and interest thereafter in next five years in 60 monthly instalments.

11. The house/flat constructed/purchased with the help of House Building advance can be insured with the private insurance companies which are approved by Insurance Regulatory Development Authority (IRDA). 

12. This attractive package is expected to incentivize the government employee to buy house/ flat by taking the revised HBA along with other bank loans, if required. This will give a fillip to the Housing infrastructure sector.

Feb 12, 2018

Meeting of Federations (NFIR) with Member Staff and DG (Personnel) on 7th February 2018

Important points requiring priority attention for redressal

(i) PNM and formal meetings are not being held regularly at Railway Board's level resulting several issues continued unresolved. Appropriate action may be taken for conducting meetings regularly. Special priority be given to resolve pending PNM items.

(ii) In most of the cases, the replies to Federation's letters are not sent. Machinery needs to be tightened for ensuring prompt replies to Federation's letters.

(iii) Agreements reached through formal negotiations are not being honoured resulting serious resentment among staff. A few are cited below as example:-

(a) Replacement GP 4600/- with GP 4800/- (for SSEs, Inspectors/Supervisors etc).
(b) Stepping up of pay of Loco inspectors inducted prior to 01/01/2006.
(c) NFIR's PNM agreement for stepping up of pay of senior- most SSOs (Accounts) w.e.f.0110112006 to GP 5400/-.
(d) Implementation of ratio l0 :20 :20 : 50 for Track Maintainers in 6th CPC GP 2800/-, 2400/-,1900/- & 1800/- respectively -NFIR's PNM agreement not implemented.
(e) Manning of coaches by Ticket Checking Staff - restoration of Board's orders of 2000 (NFIR's PNM agreement) not implemented yet.
(f) Placement of Loco Pilot Mail/Express in GP 4600/-.
(g) Railway Board's norms for creation of posts of Helpers, ESMs, SSEs/JEs (Signal) not implemented. PNM agreement on item No. 14/2010 not implemented.

(iv) Running Staff Allowances issues not yet resolved. Federation's proposal for revision of Kilometrage rates need to be accepted duly retaining pay element of 55 & 30% for retirement and other purposes.

(v) Merger of Technicians Grade-II with Grade-I:- While reaching an agreement on 22nd July 2016 on revision of percentages of Technicians, the Railway Board had assured to process the merger proposal with Ministry of Finance for obtaining clearance. Though 1% years has passed, their been no finality. This may kindly be expedited.

(vi) Upgradation of Apex level Group 'C' posts to Group 'B' Gazetted(3335 posts):- Although agreed for upgrading the posts, no orders have been issued even after a lapse officious years. This needs to be expedited on top priority.

(vii) Vacancies continued to remain unfilled, leading additional burden on staff. Action be taken to fill all vacancies at the earliest.

(viii) Outsourcing of activities, closure of establishments etc., is being resorted to indiscriminately, without consultations and without realizing the adverse effects on efficiency. These are required to be reviewed.

(ix) Revision of designations:- NFIR's proposals not yet considered.

(x) Graduate Engineers are extremely agitated over "ZERO" career growth - NFIR's PNM agenda as well letters may be connected for taking action for career growth of engineers.

(xi) MACPS issues discussed in the PNM meetings are yet to be resolved. Assurance was given for holding meeting at the level of MS &FC, but unfortunately there has been no progress.

NFIR also insisted that 'Very Good' bench marking needs to be scrapped in Railways and this subject was discussed with CRB on 05/01/2018, on subsequently, CRB has assured to solve this problem.

(xii) Continuation of LARGENESS:- Expeditious action may kindly be taken for continuance of LARGENESS in the light of Supreme Court's Order giving free hand to Railway Ministry to re-visit the Scheme and take conscious decision. It needs to be appreciated that the Scheme has been introduced in public interest as well the personal safety of staff working in the safety categories, therefore it should be continued and Board's letter dated 27/10/2017 may also be withdrawn.

(xiii) Inter Railway request transfer applications:- In the case of ex-servicemen re-employed in Railways, the 5 years minimum service condition needs to be relaxed as demanded by federation vide its PNM agenda item. This subject was also discussed by the Federation with CRB on 05/01/2018, consequently, the CRB has agreed to relax, but however, instructions have not been issued.

(xiv) Induction of Act Apprentices in GP 1800/- in the Safety category posts in exigency:- GMs be empowered to take decision.

(xv) Regularization of Quasi Administrative Staff in the Railways - Discussed in the full board meeting held on 07/02/2014. However decision to restore the policy of 1973/1977 has not yet been taken NFIR's detailed note on the subject may kindly be considered and approval accorded for absorption of Quasi-staff.

NFIR urges positive action for satisfactory redressal of issues listed above.

General Secretary
Source: NFIR


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