Dear Member,
The application of 7th Central Pay Commission (CPC) Pay Scales to the Centre’s staff and consequent significant increase in the establishment cost, increase in the consumer price inflation and the Covid-19 pandemic: these factors have led to the financial health of the Centre being adversely affected.
2. We have taken various possible initiatives to reduce our salary cost and administrative expenses, revised the tariffs for the use of our services and implemented various energy saving measures at the Centre. However, these measures have not been able to even partially bridge the very large gap in our revenues. Consequently, it has been decided to revise the Annual Subscription Fee (ASF), payable by the various categories of our Members, as per details given in the statement at Appendix. (Please click on the “Appendix” to view the revised ASF).
3. In terms of Rule (9) of IIC Rules & Regulations, the Annual Subscription Fee is payable in advance for each Financial Year and, thus, shall be due for payment on the 1st April 2021.
4. You are requested to please pay your ASF (FY 2021-22) on or before 01.04.2021, as per the revised rates.
With best wishes,
Yours sincerely
K N Shrivastava
Director
