Friday, December 11, 2015

Rise in collection of National Saving Schemes during the last three years

Presently thirteen National Saving Schemes (NSS) viz Post Office Savings Accounts, Time Deposits (1 year, 2 year, 3 year and 5 years), Monthly Income Scheme, Post Office Recurring Deposit Scheme, National Savings Certificate (VIII Issue), National Savings Certificate (IX Issue) [to be discontinued with effect from 20.12.2015], Kisan Vikas Patra Scheme, Public Provident Fund Scheme, Sukanya Samriddhi Account Scheme and Senior Citizens Savings Schemes are under operation.

There has been no reduction in the amount being deposited under the NSS. In fact, the gross collection figures have risen during the last three years as under:
                                                                                      Rs. in crores
Deposits (gross collection)
2015-16 (upto October 2015)
The NSS are available for all Indian Nationals in rural areas as well as urban areas. However, these schemes are mainly operated through Post Offices which have large network in rural areas. At present, the Government has no proposal to bring a new small savings policy for senior citizens and weaker sections.

Financial Impact on Employees Under National Pension Scheme (NPS)

Financial Impact on Employees Under National Pension Scheme (NPS)

The National Pension System (NPS) has been designed giving utmost importance to the welfare of the subscribers under NPS. There are a number of Benefits of National Pension Scheme (NPS) available to the employees under NPS. Some of the benefits are enlisted below:
  • NPS is a well designed pension system managed through an unbundled architecture involving intermediaries appointed by the Pension Fund Regulatory and Development Authority (PFRDA) viz, pension funds, custodian, central record keeping and accounting agency, National Pension System Trust, trustee bank, points of presence and annuity service providers. It is prudently regulated by PFRDA which is a statutory regulatory body established to promote old age income security and to protect the interests of subscribers of NPS.
  • Dual benefit of low cost and power of compounding – The pension wealth which accumulates over a period of time till retirement grows with a compounding effect. The all-in-costs of the institutional architecture of NPS are among the lowest in the world.
  • Tax Benefits – The tax benefits are available to the NPS subscribers under the provisions of the Income-tax Act, 1961. These were further increased in the Finance Bill, 2015.
  • Transparency and Portability is ensured through online access on the pension account by the NPS subscribers, across all geographical locations and portability of employments.
  • Partial withdrawal – subscribers can withdraw upto 25% of their own contributions before attaining superannuation age, subject to certain conditions.
Some representations have been received from certain quarters against the implementation of the NPS. The main demand in these representations is that NPS may be scrapped and the Government may revert to old defined benefit system. But the Government does not propose to reimplement the old pension scheme by doing away with NPS.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.
Source: PIB News

Power Point on CBS VC dated 11.12.2015

Power Point on CBS Video Conference on 11.12.15

Power Point CBS Contains various subject like CBS Roll-out status and Action points, Target and Achievements, Data Digitization and ATM Transactions. 

Download / View CBS VC Power point using below link

Source :ATPPost

Bhuvan IndiaPost Geo Tag App Operating Procedure

Bhuvan IndiaPost App is a user-friendly mobile application which enables to collect and report for geo-tagged of Post Office information on various parameters such as type of post office, name, services offered, delivery status, PIN-code and address. This mobile app will provide a platform for 
controlled crowd sourcing to build spatial database on Bhuvan Geo-platform.

For direct download type URL: 

For visualisation and download option type URL: 

The Internet connectivity is not required during data collection process. The internet connection through GPRS or 3G or 4G or wi-fi is necessary only to upload the data collected on Bhuvan IndiaPost Server. 
The user is advised to ensure GPS is switched-on with high accuracy before opening the app.
When the app is opened for the first time, the user is expected to fill his/her profile details. The details provided will be used only for the purpose to identify the source of data and will not be shared with anyone. 
The details required to be entered under "Profile" are 
  1. User ID (Any ID of your choice), 
  2. Your Name with designation. 
  3. Your Mobile Number and 
  4. Your Organisation and Place. 

After entering all the details, tap on "Save" and the app will take you to home page automatically.
The step by step procedure for using the app is given below. The main tasks in this app are 
  1. Collecting location information using GPS , 
  2. Taking photograph of the location (two photos), 
  3. Adding additional information about the location and 
  4. Sending the collected information to Bhuvan IndiaPost server, either immediately or later.


Step 1. Stand over or front of the post office building (Open to Sky), check for GPS accuracy notification on the top. When the accuracy value is less than 10 m and stable (not fluctuating), tap the "GPS" icon to collect the location (Latitude and Longitude) details in the background. A confirmation window pops-up with GPS accuracy. Tap "OK" if the accuracy is acceptable, otherwise tap "Cancel" to cancel the collection of location data and wait for some more time to get better GPS accuracy. 
Ensure that there is a clear sky view for receiving GPS satellite signals.
Step 2. The app has provision to capture and upload two photographs of the location. Tap the "Photo" icon to activate your mobile camera for taking photographs. Capture first photograph of the post office from the road. Tap on "Photo" icon again to take the second photograph. The second photo must represent facilities inside the post office.
You can preview the photographs taken by tapping the "Preview" icon that appears below the "Photo" icon. Provision to enter text about the photographs.
Step 3. The user is expected to upload additional information about the location by tapping "Attribute" icon. The information such as post office, its name, services offered, delivery status, PIN-code and address, etc or any other related description about the post office can be uploaded using this option. 
Step 4. Once the user is satisfied with the information collected and ready for uploading the information to Bhuvan IndiaPost server, user may tap the "Send" icon to upload all the information collected immediately. User is advised to ensure that mobile data is switched-on before tapping the "Send" icon. The User is advise to wait till for confirmation message appears "Data sent successfully".
Step 5. In case of non-availability of Internet connectivity, the user is advised to tap "Save" icon. This will store the information collected in the mobile itself. Once the Internet connectivity is established, user may follow Step 6 to upload the data to Bhuvan IndiaPost server. The Wi-Fi facility of Internet modem (like BSNL at home or office) can also be used to connect for internet facility in the mobile.
Step 6. In order to upload the saved data to Bhuvan IndiaPost server, user is advised to tap "Manage" icon. Then tap "Send Later" icon. This will list the data collected and stored in the mobile. Select the data that needs to be uploaded and then tap "Send" icon to upload the data to Bhuvan IndiaPost server. Wait for confirmation message "Data sent successfully" appears once the upload is successful.

Managing your data :

The app provides facility for the user to manage the data uploaded by the user. User can view the sent data and also view any data that failed to upload. This will enable user to upload the data again by tapping "Sent Failed" icon. Users may note that there is provision to edit attribute value in "Send Later" and "Sent Failed" options.
User can also view or edit the profile information by tapping "Profile" icon.

To exit from the software, tap "Exit" icon.

FDCapp - Bhuvan IndiaPost version 1.3

Government advised to give more benefits on New Pension System funds

Government advised to give more benefits on New Pension System funds

Government advised to give more benefits on New Pension System funds, Please read this news paper report published in Bhaskar:-

Click image below for larger view:-

PFRDA News : Mandatory Processing of Online withdrawal request

NPS - Mandatory Processing of Online withdrawal Request

Establishments of Kendriya Vidyalayas

Kendriya Vidyalayas (KVs) are meant primarily to cater to the educational needs of the wards of transferable / Non-transferable employees of Central Government, State Governments, autonomous bodies, public sector undertakings and Institutes of higher learning. If seats remain vacant after giving admissions to the wards of employees mentioned above, these vacant seats are given to children of other categories.

Proposals for opening of new KVs are considered only if sponsored by Ministries / Departments of the Government of India or State Governments / Union Territories Administrations or Organization of employees belonging to the eligible categories thereby committing resources for setting up a new KV, and are subject to availability of resources with the Central Government. The Government of India had conveyed sanction for setting up of 54 new KVs in the country on 04.03.2014. Out of these, 32 KVs have been made functional so far. The state/UT-wise details are given in Annexure.

Across the country, States are being supported through the schemes including Sarva Shiksha Abhiyan and Rashtriya Madhyamik Shiksha Abhiyan to design and implement comprehensive quality improvement programmes to bring about overall changes in the teachers training, curricula, learning materials, learning processes, learning outcomes, assessment and monitoring systems in order to ensure that the quality of teaching learning is improved.

This information was given by the Union Human Resource Development Minister, Smt. Smriti Irani today in a written reply to a Rajya Sabha question.

PFRDA- NPS: Clarification of deferred withdrawal of lump sum

PFRDA (Exits and withdrawals  from Nation Pention System) Regulations 2015 provides option to subscriber to defer withdrawal of lump sum (60%) up to the age of 70 years.

Under the Deferred withdrawal facility, the subscribers at the time of exit from Nation Pension System (NPS) can exercise an option to defer the withdrawal of eligible lump sum withdrawal and stay invested in the NPS. Subscriber has an option to withdraw the deferred lump sum amount in maximum ten annual installments up to the age of years or withdraw the entire amount at once by giving 15 days advance notice during such a period of deferment. If no such notice is given, the accumulated pension wealth would be automatically monetized and credited to his bank account upon attaining the age of 70days.

This is for the information of all concerned. The circular also is being placed on PFRDA website at, NPS Trust website and CRA website at

Reservation in Promotion in posts and services under the Central Government

The reservation in promotion is provided to Scheduled Castes (SCs) and Scheduled Tribes (STs) at the rate of 15% and 7.5% respectively in posts and services under the Central Government. As on 1.1.2013, the representation of SCs and STs was 17.55% and 7.72% respectively. 

The Hon'ble Supreme Court, on 19.10.2006, in the matter of M. Nagaraj & Ors. V/s Union of India, while upholding the validity of the Constitutional Amendments made in favour of Scheduled Castes and Scheduled Tribes, inter-alia, observed that the State will have to collect quantifiable data of backwardness, inadequacy of representation before providing reservation in promotion. 

In order to provide impediment free reservation in promotion to SCs and STs, the Constitutional (One Hundred and Seventeenth Amendment) Bill was introduced in the Rajya Sabha by the Government in September , 2012. The Bill was passed by the Rajya Sabha on 17.12.2012 and transmitted to the Lok Sabha for consideration and passing. The Bill could not be considered in the 15th Lok Sabha and lapsed on the dissolution of 15th Lok Sabha. The issues emanating from the Hon'ble Supreme Court's judgment dated 19.10.2006 in M. Nagaraj case is under examination.

Centre Introduces Bill to Hike Wage Ceiling for Bonus

Centre Introduces Bill to Hike Wage Ceiling for Bonus – The amendment bill will be made effective from April 1, 2015. The bill will amend, the Payment of Bonus Act 1965.
Government on Monday introduced a bill in Lok Sabha that seeks to enhance pay eligibility limit of an employee for bonus to Rs 21,000 per month, from Rs 10,000, to make more workers eligible for the benefit. The Payment of Bonus (Amendment) Bill, 2015 also seeks to enhance the monthly bonus calculation ceiling to Rs 7,000 per month from existing Rs 3,500. It is expected to increase the quantum of bonus substantially.

The amendment bill will be made effective from April 1, 2015. The bill will amend, the Payment of Bonus Act 1965, which is applicable to every factory and other establishment in which 20 or more persons are employed on any day during an accounting year. The bill also provides for a new proviso in Section 12 which empowers the central government to vary the basis of computing bonus.

At present, under Section 12, where the salary or wage of an employee exceeds Rs 3,500 per month, the minimum or maximum bonus payable to employees are calculated as if his salary or wage were Rs 3,500 per month. The last amendment to both the eligibility limit and the calculation ceilings under the said Act was carried out in 2007 and was made effective from April 1, 2006.

The bill it provides that if (new) calculation ceiling is adopted by the Government of India, the additional approximate expenditure for payment of ad hoc bonus to the employees of the establishments under Central Government and employees belonging to Railways and Posts (Productivity Linked Bonus) would involve to the extent of Rs 3,128 crore.

The proposed amendments in the Act to increase wage ceiling and bonus calculation ceiling were one of assurances given by the Centre after 10 central trade unions went on one-day strike on September 2. The government had hinted at meeting workers’ aspirations on nine out of 12 demands submitted by the unions.
Source: IBN Live