Tuesday, June 30, 2015

First Postal ATM of North Karnataka Region Dharwad....

    





   First postal ATM (Automated Teller Machine) in Dharwad was operational from yesterday with its inauguration at Head Post Office Dharwad by Sri Bishnu P Sarangi Postmaster General North Karnataka Region Dharwad 

 ATM facility would help the Postal department to increase the number of savings bank accounts in post offices and also facilitate the customers to avail these services through Internet, mobile and other core banking solutions (CBS).

Digital India Week

Superannuation retirement on 30-6-2015

Sri K V Thimmanna Superintendent of Post Offices Mandya Division Mandya is  retiring on 30/6/2015



We wish him a very happy, healthy and long retired life.

CAT Case : Upgradation of GP of Inspector Posts....updates!!!

It is to inform to all members of this Association that, as per the decision taken in CWC held at Shirdi (Maharashtra), OA No. 289/13 which was filed at Ernakulam Bench by the following applicants is now posted forfinal hearing on 21/7/2015.  


Applicants :

1. All India Association of Inspector Posts & Assistant Superintendents Posts, represented by Vilas Ingale, S/o the late Shri Sopan Ingale,

2.  Permanand Kumar, S/o the late Yugal Kishore Prasad,
         
3.  Niranjan Kumar, S/o Shri Suresh Prasad Sah,
         
Respondents :
                  
1.Union of India represented by its Secretary, Ministry of Finance, Department of Expenditure, New Delhi 110 001.

2. Secretary, Ministry of Communications & Information Technology, Department of Posts, Dak Bhavan, Sansad Marg, New Delhi-110 001.

3. Director General of Posts, Dak Bhavan, Sansad Marg, New Delhi 110001.

source: GS Desk...

Age concession to the Persons with Disabilities for direct recruitment to civil posts/services under the Central Government – Dopt Orders

Grant of age concession to the Persons with Disabilities for direct recruitment to civil posts/services under the Central Government – Dopt Orders

G.I., Dept. of Per. & Trg., O.M.F.No15012/1/2003-Estt.(D), dated 29.6.2015

Subject: Grant of age concession to the Persons with Disabilities suffering from (a) blindness or ow vision, (b) hearing impairment and (c) locomotor disability or cerebral palsy for direct recruitment to civil posts/services under the Central Government.

The undersigned is directed to say that the following age concessions have been provided to physically handicapped persons for recruitment under the Central Government:

(i) Provision of ten years concession in upper age limit for Group C and D posts filled through employment exchanges issued vide O.M.No.15012/6/77-Estt.(D) dated 28.1.1978;

(ii) Provision of five years’ concession in upper age limit (10 years for SC/ST, 8 years for OBC) for recruitment to Group ‘A’ and ‘B’ posts otherwise than through Open Competitive Examination issued vide O.M.No.15012/5/92-Estt.(D) dated 27.7.1995; and

(iii) Provision of ten years concession in upper age limit (15 years for SC/ST, 13 years for OBC) for recruitment to Group A, B, C and D Civil Posts/Services filled through Open Competitive Examination issued vide O.M.No.43019/28/86-Estt.(D) dated 1.2.1999.

2. The question of prescribing uniform age-concession for direct recruitment to all Civil Posts/Services under the Central Government has since been examined and in supersession of the OMs referred to at (i), (ii) and (iii) above, the following has been decided:

(i) Age relaxation of 10 years (15 years for SC/ST and 13 years for OBC candidates) in upper age limit shall be allowed to persons suffering from (a)
blindness or low vision, (b) hearing impairment and (c) locomotor disability or cerebral palsy in case of direct recruitment to all civil posts/services under the Central Government identified suitable to be held by persons with such disabilities, subject to the condition that maximum age of the applicant on the crucial date shall not exceed 56 years.

(ii) The age concession to the persons with disabilities shall be admissible irrespective of the fact whether the post is reserved for person with disabilities or not, provided the post is identified suitable for the relevant category of disability. This provision will not apply to the Civil Services Examination, in respect of which the List of Services Identified suitable for Physically Disabled Category along with’ the Physical Requirements and Functional Classifications is notified separately.

(iii) Relaxation of age limit would be permissible to such persons who have a minimum of 40% disability.

(iv) The definitions of above categories of disabilities, for the purpose of age relaxation, will be same as given in this Department’s O.M. No.36035/3/2004-Estt (Reservation) dated 29th December 2005.

(v) If a person with disability is entitled to age concession by virtue of being a Central Government employee, concession to him/her will be admissible either as a ‘person with disability’ or as a ‘Central Government employee’ whichever may be more beneficial to him/her. This provision will not apply to the Civil Services Examination, which is governed by the Civil Services Examination Rules, published annually.

(vi) Provisions of this O.M. will not be applicable to a post/service for which other specific provision regarding age relaxation is made by notification.

3. The Ministries/Departments are advised to ensure invariably that while sending the requisition to the UPSC/SSC and other recruitment agencies for direct recruitment posts by selection, they should clearly mention in the requisition the category of person(s) with disabilities suitable for the post(s) in question. No change or modification in identified post(s) for physically disabled persons with respect to an Examination, intimated after the Notification of that Examination, shall be acceptable.

4. These instructions come into effect from the date of their issue.

Govt mulls increasing eligibility limit of bonus from 10000 to 21000


According to media source, the Central is going to give a green signal to the much awaited decision to raise eligibility limit of bonus from Rs.10000 to 21000. And the calculation ceiling also hike from Rs.3,500 to Rs.7,000

The payment of Bonus (Amendment) ordinance 2007 according to which section 12 of the payment of Bonus Act 1965 had been amended raising the ceiling for calculation purpose from salary of Rs. 2500/-P.M. to Rs. 3500/-P.M. w.e.f. 01.04.2006. And also amended the Payment of Bonus Act, 1965 to raise the eligibility limit for payment of bonus from the salary or wage of Rs. 3500/- per month to Rs. 10000/- per month.

Bonus ceiling limit

Central Government employees are regularly given Productivity Linked Bonus(PLB). Each department announces its bonus days in the month of September. But, since there was an upper limit, only small amounts were given as bonuses. CG Employees Federations all over the country were demanding that the limits should be raised.

Source : Central Govt. Employees News Portal

A concise introduction of pay commissions for CG Employees


Generally, Central Government Employees who works in different ministries and departments under the Central Government, play major roles in the smooth functioning of the country. Employees under different departments work so hard to maintain law and order, stabilizing the economy, security to the people and defending our nation from enemies. Even though they are not large in numbers, their work during major crisis like natural calamities, earthquake and floods, stands apart. They are even asked to work 24 hours a day on all working days during emergencies. Our Defence Forces have done breathtaking efforts and marvellous work to evacuate Indian citizens from foreign countries which are under civil wars. They are bold enough to cross the border of our neighbouring country to fight against terrorists who had earlier ambushed and killed our security forces. Everyone must be proud of our defence forces for their bravery and skills.

Students after completing their tough academic career in different streams, keeps their first preference to get a government job. Though the pay packages are lower than multinational companies, they think that government jobs give more security to them.

As everyone knows that the pay and allowances for the central government employees are fixed by the central government as per the recommendations of Central Pay Commissions (CPCs). The central government constitutes Pay Commissions by appointing highly placed personalities as Chairman and Members. The commission then studies the economic conditions, day today difficulties of employees, their ideas etc., and give its recommendations to revise pay packages for the employees in every ten years. The commission submits its recommendations to the central government and the government in turn, takes final decision to implement the Pay Commission. Usually, the commission is given 18 months time to submit its report on the recommendations on pay revision:

PAY COMMISSIONS:

1) The First Pay Commission was appointed on May 1946, and it submitted its report in May 1947.

2) The Second CPC was appointed on August 1957, and it submitted its report in August 1959.

3) The Third CPC was appointed on April 1970, and it submitted its report in March 1973.

4) The Fourth CPC was appointed on June 1983, and three reports were submitted in June 1986, December 1986 and May 1987 respectively.

5) The Fifth CPC was appointed on April 1994, and submitted its report in January 1997.

6) The Sixth CPC was appointed on October 2004, and submitted its report in March 2008.

SEVENTH PAY COMMISSION:

The Seventh Central Pay Commission was constituted on the 28th of February 2014 under the Chairmanship of Justice Shri Ashok Kumar Mathur, Shri Vivek Rae as full time member and Smt. Meena Aggarwal as Secretary. The Commission has been given 18 months from the date of its constitution to make its recommendations.

From the date of its constitution, the commission travelled all over the country meeting different delegates, officers, trade union leaders, associations, employees etc., under different departments to take stock of the economic conditions faced by the employees and the impact of rising prices of essential commodities on them.

Finally, the Chairman of the 7th CPC in their final meeting with the National Council JCM, has said thatCommission will submit its report to the Central Government in September 2015. Points regarding the implementation of the 7th CPC were discussed. The Chairman denied any proposal to implement the recommendations from 01.01.2014 and said that the revised pay structures and recommendations will be implemented from 01.01.2016.

Let us hope for the best!!!

Sunday, June 28, 2015

RBI may give payment bank licence to postal department in August: Ravi Shankar Prasad

Union Minister Ravi Shankar Prasad today said he expects Reserve Bank of India (RBI) to grant payment licence to the proposed Post Bank of India by August. 


This will enable the network of 1,54,000 post offices (including 1,30,000 rural post offices) to offer banking services to the masses in the country. 

"We expect RBI to give payment bank licence to post (department) in August," Minister of Communications and IT Prasad said. 

In last one year, the Department of Post (DoP) has networked 27,215 post offices into one national unit through computers. 

The DoP, which has applied for a payment bank licence, has a hybrid model in mind to operate Post Bank of India. 

As per RBI guidelines, payment banks would offer a limited range of products such as demand deposits and remittances. They will not be allowed to undertake lending activities and will initially be restricted to holding a maximum balance of Rs 1 lakh per individual customer. 

They will be allowed to issue ATM or debit cards as also other prepaid payment instruments, but not credit cards. 

According to a source, Prasad has approved hybrid model suggested by Ernst & Young which prepared detailed project report on Post Bank of India (PBI). 

"E&Y has come out with three models but suggested preference to a hybrid model. Under which about 600 branches will be directly operated by PBI staff in post office premises and transactions in other parts of the country will be supported by India post staff," a post bank official said. 

Post Bank of India is proposed to have its own employees and IT infrastructure. The transaction handled by India Post, employees will be entered in to the server of PBI. 

The Department expects revenue of over Rs 550 crore from PBI in first five years.

Source:-The Economic Times

ATAL PENSION YOJANA – BENEFITS AND FEATURES BY PFRDA

Pension Fund Regulatory and Development Authority
First Floor, ICADR Building, Plot No 6, Institutional Area Phase II,
Vasant Kunj, New Delhi-110070

ATAL PENSION YOJANA – BENEFITS AND FEATURES

1. Anybody in the age group of 18-40 years can join !!

2. You can choose your pension plan from Rs 1,000/- to Rs 5,000/- per month.

3. Your contribution depends on your age and the pension plan you choose!

4. You can be a member of any existing PF/Pension scheme such as EPF/PPF/Govt. pension and still join APY!

5. You can be an Income tax payer and still join APY.

6. For (4) and (5) above, Govt. Co-contribution is not available but Govt. guarantee for pension will be available!

7. Govt. Co-contribution of 50% of subscribers’ contribution or Rs 1,000/- per annum, whichever is lower will be available for five years only to subscribers joining by 31st December 2015.


The monthly contribution chart for different age groups and pension amounts is given below:
Joining Age
Years of Contribution
Indicative Monthly Contribution under APY (Rs.)
Monthly pension of Rs. 1000.Indicative return of corpus Rs 1.70 lacs
Monthly pension of Rs. 2000.Indicative return of corpus Rs3.40 lacs
Monthly pension of Rs. 3000.Indicative return of corpus Rs 5.10 lacs
Monthly pension of Rs. 4000.Indicative return of corpus Rs6.80 lacs
Monthly pension of Rs. 5000.Indicative return of corpus Rs 8.50 lacs
18
42
42
84
126
168
210
19
41
46
92
138
183
228
20
40
50
100
150
198
248
21
39
54
108
162
215
269
22
38
59
117
177
234
292
23
37
64
127
192
254
318
24
36
70
139
208
277
346
25
35
76
151
226
301
376
26
34
82
164
246
327
409
27
33
90
178
268
356
446
28
32
97
194
292
388
485
29
31
106
212
318
423
529
30
30
116
231
347
462
577
31
29
126
252
379
504
630
32
28
138
276
414
551
689
33
27
151
302
453
602
752
34
26
165
330
495
659
824
35
25
181
362
543
722
902
36
24
198
396
594
792
990
37
23
218
436
654
870
1,087
38
22
240
480
720
957
1,196
39
21
264
528
792
1,054
1,318
40
20
291
582
873
1164
1454

SUBMIT YOUR APPLICATION FORM AT YOUR BANK BRANCH
For more information, Please call on our APY Toll free No. 1800110069

Source: PFRDA