Monday, January 25, 2016

EPFO may pay 9% interest on PF deposits for 2015-16

Retirement fund body EPFO may provide 9 per cent interest on PF deposits for this fiscal, which is higher compared to 8.75 per cent provided in previous two fiscals to its over five crore subscribers.

"The income projection of Rs 34,844.42 crore for the current fiscal is expected to be revised upward. Thus the body can provide 9 per cent rate of interest on PF deposits for 2015-16," an EPFO trustee and Bharatiya Mazdoor Sangh Secretary P J Banasure told PTI. 


RThe Employees Provident Fund Organisation's (EPFO) Finance Audit and Investment committee (FAIC) recommended 8.95 per cent interest on PF deposits for the current fiscal in its meeting earlier this week.

Banasure, who is also a member of FAIC said:"If the EPFO provides 8.95 per cent interest rate on PF deposits for 2015-16, it will leave a surplus of Rs 91 crore as per income projections worked out in September last year. But the FAIC will meet again later this month to vet the latest income estimate which is likely to be revised upward."

According to EPFO income projections worked out in September, providing 9 per cent interest on PF will result in a deficit of Rs 100 crore. "We are expecting that there will be a surplus of Rs 100 crore on providing 9 per cent rate of interest on PF deposits when EPFO will work out the latest estimates. FAIC can change its recommendation in the next meeting and suggest 9 per cent interest rate for 2015-16," he said.

he proposal has to be endorsed by the Central Board of Trustees (CBT) before the Finance Ministry notifies it.

However, there has been indications from the Finance Ministry that it will slash interest rate on small savings like public provident fund in view of the rate cut by Reserve Bank of India.

The EPFO provides rate of interest from the earning on investments of formal sector workers' funds without any assistance from the government. 


Source:-The Economic Times

Court orders against GOI Instructions on service matters

Court orders against GOI Instructions on service matters-consultation with Ministry of Law and Department of Personnel and Training on question of filing appeals.

Financial Impact on Employees under NPS - Q&A in Lok Sabha


GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA

UNSTARRED QUESTION NO: 2193
ANSWERED ON: 11.12.2015

Financial Impact on Employees under NPS
RAKESH SINGH
Will the Minister of

FINANCE be pleased to state:-

(a) whether the Government has taken note of the opposition over implementation of New Pension Scheme (NPS);
(b) if so, the details thereof;
(c) whether the said scheme is not very beneficial for the employees, if so, the details thereof; and
(d) whether the Government proposes to re-implement the old pension scheme by doing away with NPS, if so, the details thereof and the action taken by the Government in this regard?

ANSWER

The Minister of State in the Ministry of Finance

(a) & (b) Some representations have been received from certain quarters against the implementation of the National Pension System (NPS). The main demand in these representations is that NPS may be scrapped and the Government may revert to old defined benefit pension system.

(c) NPS had been designed giving utmost importance to the welfare of the subscribers under NPS. There are a number of benefits 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 of the pension account by the NPS subscribers, across all geographical locations and portability of employments. 
  • Partial withdrawal- Subscribers can withdraw up to 25% of their own contributions before attaining superannuation age, subject to certain conditions.
(d) There is no such proposal.

Before roll out of Seventh Central Pay Commission, 20 civil services seek fair representation

A total of 20 civil services, excluding the premier Indian Administrative Service (IAS) and the Indian Foreign Service (IFS), have petitioned the Cabinet secretary and expenditure secretary asking a fair representation on the board of empowered committee, which will decide on the benefits of the Seventh Central Pay Commission to all the civil services.

“We have seen media reports that majority of the members in the empowered committee of secretaries shall be from a single service. If the Cabinet has taken or takes such a decision, we shall respect and honour the same. However, we have no confirmation whether our memorandum was placed before the Cabinet for consideration,” Jayant Misra, convenor of Confederation of Civil Services Associations, said in a statement.

“We are still awaiting an opportunity to meet the Cabinet secretary, reiterating our demand that equitable representation be given to various services in all the bodies or committees so that there is no domination by any particular service,” he added.

The association submitted a fresh memorandum to Cabinet Secretary P K Sinha and Expenditure Secretary Ratan P Watal on January 19.

SOURCE - business-standard

Observance of silence on 30th January in the memory of those who gave their lives in the struggle for India's freedom

Comments on the proposal of restriction of direct recruitment in Central Group A Services

Restriction of direct recruitment up to 3 % of sanctioned cadre strength may be reintroduced in all Central Group A Service with immediate effect.

Violation of Business hours in various Circles in India Post

DOP - Violation of Business hours in various Circle reg


Pensioners seek changes in pay panel proposals: The Hindu

Pensioners seek changes in pay panel proposals: The Hindu

Members of the All India Postal Employees Union and government pensioners have demanded changes in the recommendations for the seventh Pay Commission, including revision of minimum wages and the rate of annual increment.

Minimum wage

Postal employees, who recently staged a demonstration in the city, demanded that the minimum wages be fixed at Rs.26,000. J. Ramamurthy, State secretary of All India Postal Employees Union, Group C, said: “The overall hike percentage also need to be revised. We had to wait for over a decade for the next Pay Commission.

“We also want the recommendations to incorporate the demand for two increments during promotions and revision of salary every five years. Pension must be revised to 60 per cent of the last drawn salary of the pensioner.”

Indefinite strike planned

The union plans to go on an indefinite strike, along with other Central government employees’ associations, in the first week of March if the suggestions it made are not incorporated in the seventh Pay Commission recommendations.

Pensioners too feel that the pension must be increased to meet the growing expenditure. S.M. Chellaswamy, general secretary of Tamil Nadu Elders Welfare Association, said: “At present, there is a suggestion that the pension amount be increased by 20 per cent when the retired person turns 80. But, we want the age limit to be revised to 75 years to enable pensioners meet their medical expenditures.”

Source: The Hindu

Solution for DM Utility Error during CIF creation stating "RC001"

The CBS Migration data upload process includes DT Utility (SP Tool + DM Tool). Initially SP Tool will be executed on starting "RunAll.bat." On successful completion of this tool, DM Tool will start executing. At times the following few errors occur:
  1. Problem in executing transformation job. Job: m_NSS_CIF_RC001_Master_details_V, DM utility will exit.
  2. Problem in executing transformation job. Job: m_MIS_CIF_RC001_Master_details_V, DM utility will exit.
(These errors occur when 15-35% of the DM Tool gets completed)
The errors specified are purely related to Oracle and can be solved with the following steps:

Steps for increasing the Processes/sessions:

1. Select Oracle 11G Database
2. Click on Run SQL command (SQL> command window will be opened)
3. SQL > connect
SQL> 
Login as : sys as sysdba
Password: sa
4. SELECT * FROM V$RESOURCES (‘processes’,’sessions’);

The above query shows the current values. This can be increased using the steps below: 

5. Click on Run SQL command (SQL> command window will be opened)
SQL > connect
SQL>
a. Login as sysdba in oracle
b. Execute command - ALTER system SET processes=300 scope=spfile;
c. Restart all Oracle service in services.msc
d. Execute query and check if LIMIT_VALUE = 300
SELECT * FROM v$resource_limit WHERE resource_name IN
('processes','sessions'); 
6. Restart DTUtility 

Note:

  1. The Oracle installation and Data upload can be executed preferably in a stand-alone SQL configured PC. (Indiapost Domain linked PCs are not user friendly for CBS Migrations)
  2. The Windows 7 professional 32 bit OS with SQL Server 2008 Standard/Express edition combination suits much better for CBS Migrations.
  3. If the DM Tool crosses 35% of its processes successfully, then the Upload process will not get interrupted most probably.
Solution Shared by : Saravanan R, DSM Pollachi Division, 8903742541

Central staff demand minimum pay as Rs 26000/-

New Delhi: Implementing the recommendations of the 7th Central Pay Commission( 7th CPC) is not going to be acakewalk for the government.

The brewing discontent amongst the central government employees is threatening to create a storm and disrupt the implementation process. The unions are asking around 44 percent hike on the basic minimum pay suggested by the 7th Central Pay Commission.

The 7thCPC had recommended the minimum payat Rs 18,000 and the maximum pay at Rs 250,000, but theemployee unions wants the minimum pay to be hikes from Rs 18,000 per month to Rs 26,000--a rise of around 44.4 percent.

The unions are claiming that the pay panel has recommended the lowest hike in basic pay since independence.

Government keen to leverage postal network in rural India

DESCRIBED as a giant, one which is slumbering, India Post is ready to take its right place under the sun. Department of Post is awaiting granting of Payment Bank licence as it has lined-up slew of plans to walk the talk and carve a place for itself in competitive financial market of the country. M S Ramanujam, Member, Banking and HRD, Postal Services Board, Department of Posts, said Government is keen to leverage postal network in rural India to help realise its target of inclusive financial growth of marginalised. 

The Government over last five-years have pumped in Rs 5,000 crores that helped posts to modernise and is now ready to rollout Core Banking Solutions in its 25,000 posts offices located in urban centres by March end. Alongside the licence of Payment Bank would enable Post Offices to provide host of financial services to people and act as one stop facilitation centre. He was interacting with ‘The Hitavada’ on the sidelines of 19th national e-governance conference. 

In fact posts network in rural India and surplus of trust among local populace has spurred plans to provide one stop service point to customers and Government to has ayed the plan. In fact Prime Minister Narendra Modi was surprised to know that in naxal belt it is only post offices that were left unscathed while all other tags with Government were targeted. This shows the confidence that rural people repose in Post office that even naxals are afraid to touch.

Hence Government has asked Post Offices to oversee sales of Jeevan Bima, Suraksha Bima and Atal Pension accounts. For rural areas there are more plans wherein postmen would be provided hand held machines, similar to point of sales (PoS) unit, and people having chip based debit card can utilise the same to pay utilities bill and also make other payment. Ramanujam also said that Department of Posts are also concentrating on money transfer tapping small and marginal persons, mostly migrant labourers, using the mobile phone platform. 

The Government has also asked Posts to target Mudra Bank loans and in future there is all likelihood of providing housing loans and finance small starts-up. While bank are engines of economic growth it is the posts which is the all important wheels of growth.

1,000 new ATMs

While ceding the more lucrative urban business to banks, Department of Posts is however concentrating on adding to its ATM network which very soon would be linked with banking network, revealed M S Ramanujam. He said about 1,000 ATMS, all white label ones, would be installed. The white label indicates that private parties will install and service the machines while space would be provided by post offices. In near future Post Offices will also market mutual fund policies and insurance policies.

e-Sampark facility launched at post office

Chandigarh, January 22
The much awaited facility of e-Sampark services at post office has been launched by the Department of Information Technology, Chandigarh Administration, in association with the Department of Posts.

Advisor Vijay Kumar Dev today inaugurated the first e-Sampark service centre at the Post Office, Sector 14, Panjab University, where citizens can avail e-Sampark services from 9 am to 4:30 pm. — TNS

CG employees' unions staged a protest in front of the Gandhi statue demanding adequate pay revision

Visakhapatnam: Central government employees' unions staged a protest in front of the Gandhi statue here on Saturday demanding adequate pay revision. They criticised the 7th Pay Commission and said that it was the 'worst' pay commission among all the commissions constituted so far. The secretary general of the Confederation of Central Government Employees and Workers AP and Telangana States, V Nageswara Rao, said that such agitations would provide space for the protection of workers' rights.

Rao alleged that even judges, acting as chairpersons of all the pay commissions so far, never provided better judgement in terms of the recommendations to the government of better pay to the employees.

He advised the employees to fight in a phased manner till the government implement the 26 charter of demands submitted by the National Joint Council for Action on December 10 last year. He alleged that the Narender Modi government had cancelled the 56 kinds of allowances to the central government employees while giving huge subsidies to the corporate and industrial sectors.

CITU state vice-president Ch Narsinga Rao urged the protesters to give a befitting reply to the government's dictatorial attitude with united agitations.

Immovable Property Return: Terms 'Same as previous year' or 'no change' not accepted- CGDA

Government of India
Ministry of Defence
Office of the Controller General of Defence Accounts
Ulan Batar Road, Palam, Delhi Cantt-l 10 010

File No: AN-I/ l479/IPR/2014
Dated:15/01/2016

To
(i) All Principal Controllers/Controllers
(ii) All Principal IFAs/IFAS
(iii) All IDAS Officers
[Through Website)

Subject:- Submission of Immovable Property Return by Group ‘A” officers for placing in public domain.
Reference:- This office most important circular no.AN-I/1479/5/IPR dated 22/11/2011
It, is observed from the immovable property returns for the year 2015 submitted by the officers that IPRs for the year 2015 (as on 01.01.2016) of some officers did not reflect the complete details of the property and reflected terms such as ‘Same as previous year: or ‘ No change’.

2. In this connection it is pertinent to mention that in compliance of DOP&T order no.11013/3/2011-Estt.A dated 11/04/2011, Immovable Property Returns of all Group A officers are required to be placed in public domain, by respective cadre controlling authorities.

3. It is therefore, requested to furnish Immovable Property Return (IPR) for the year 2015 (as on 01.01.2016) on or before 31.01.2016 specifying details of the property so that the same may be scanned and uploaded in the website of this office. In case no immovable property is owned then ‘Nil’ is required to be made against the relevant column of the proforma and ‘No change’ or ‘Same as
Last Year’ will not be accepted.

(S.C. Bansal)
ACGDA
Source/View/Download: CGDA Order


Source: http://cgda.nic.in/

Empowered committee on 7th CPC will soon start its analyzing report

New Delhi: Government’s high-level Empowered Committee of Secretaries headed by Cabinet Secretary P K Sinha, set up to address issues related to the Seventh Pay Commission report, will soon analyse the pay panel report that is expected to suggest ways to further improve ease of implementation of the Seventh Pay Commission recommendations.

As part of efforts to address concerns expressed about pay and allowances aspects of central government employees in respect of the Seventh Pay Commission report, the government had set up the high-level Empowered Committee of Secretaries in this month.
Government set up a high-powered panel headed by Cabinet Secretary P K Sinha to process the recommendations of the Seventh Pay Commission.

Finance Ministry sources said the Empowered Committee of Secretaries on the pay commission would provide government its report within six months and it would come into effect accordingly.

“The Empowered Committee will seek suggestions from all the stakeholders for drafting of their report on the Seventh Pay Commission recommendations to address the concerns of central government employees in an effective manner,” they said.

“The report will be made after studying the suggestions carefully and the suggestions like hike minimum pay and to reject Pay Commission’s recommendation for abolition of some allowances and advances, may be accepted,” the sources confirmed.

The Seventh pay commission recommended the minimum pay Rs 18,000, its increased the pay gap between the minimum and maximum from existing 1:12 to 1: 13.8. The Pay Commission also recommended for abolition of allowances and advances like risk allowance, small family allowance, festival advance, motor cycle advance. The focus of Empowered Committee will on “curbing unwanted expenses to save government money as well as facilitating growth of central government employees,” they added.

As per the terms of reference, the Empowered Committee would make recommendations to the government on issues arising from the implementation of the Seventh Pay Commission recommendations.
However, the government has not yet nominated any Empowered Committee of Secretaries members except its chairman Cabinet Secretary P K Sinha.
It is to note that Modi government wants to move Finance Minister Arun Jaitley to Defence Ministry after the budget, both factors will also take time for implementation of Seventh Pay Commission recommendations.

Sources of Finance Ministry said after Empowered Committee processing, the ministerial committee would discuss the Seventh Pay Commission award and then it would be placed in the cabinet for nod.
So about Six months will be required to complete the process, They said. “The government have already announced that the Pay Commission award will be effective from January. However, the central government employees will get the benefit of Allowances like HRA, TA from the date of implementation of the Seventh Pay Commission recommendations.”

The Seventh Pay Commission, led by Justice A K Mathur, submitted the report to Finance Minister Arun Jaitley on November 19, last year. The Empowered Committee will bring slight changes to the Seventh Pay Commission recommendation within the government’s expenditure Rs 1.02 lakh crore in 2016, the finance ministry officials said.

India Post is going to announce about 20000 vacancies soon


Great news for all the government jobs aspirants as Indian Postal department is going to announce one of the biggest employment notifications very soon. The recruitment will be organized for selection of eligible staff for Postal Assistant and Sorting Assistant posts on its official site www.indiapost.gov.in. Now all those qualified candidates are invited for 20000 upcoming job opening whose link will be soon available at their official site. This notification will bring good news for those entire aspirants who were looking for government jobs, 10th pass government jobs, 12th pass government jobs, post office jobs etc.

According to report, India post is going to hire candidates for Postal Assistant and Sorting Assistant posts, Stenographers, Postman and Mail Guard, MTS, Postmaster Cadres, Hindi Typist, Inspector, Director Posts, etc. Aspirant must have completed their Matriculation or Intermediate from recognized board and diploma/ graduation/ bachelors or its equivalent in required discipline from recognized university or institute. The online application process will start from February 2016 and will going to end on March 2016.

India Post operates postal system in India. It was founded during British Empire i.e. 01st April, 1774 and operated under Ministry of Communication and Information Technology, Govt of India. But, on 31st March 2011 it was officially declared as the Indian Postal Service and currently has more than 154,866 post offices which are located across India. Main headquarter of post office is located in Sansad Marg, New Delhi.


India post is popular among candidates for providing various services such as Letter post, parcel service, EMS, deposit account, third-party logistics freight forwarding, delivery etc. India post is divided into 22 postal circles which is independently headed by chief postmaster general. Currently more than 4, 70,000 employees are working with Indian postal circle. India Post’s main objective is to provide all type of courier service at low cost than other private firm. For the date of official announcement keep going through their official website daily and stay tuned with us for more news related to latest government job vacancy.

7th Pay Commission report – 20 services seeks fair representation on panel set by government

NEW DELHI: Seeking to check IAS dominance, a confederation representing thousands of officers of 20 civil services, including Indian Police Service, has sought fair representation on an empowered committee that will examine the 7th Central Pay Commission recommendations.

In a memorandum submitted to Cabinet Secretary P K Sinha and Expenditure Secretary Ratan P Watal recently, it demanded that the representation of any one service should be restricted to 25 per cent of the total strength of the committee.

The Union Cabinet had on January 13 given its approval for setting up an empowered committee of Secretaries under the Cabinet Secretary to process the recommendations of the pay panel.
A confederation representing thousands of officers of 20 civil services has sought fair representation on an empowered committee that will examine the 7th Central Pay Commission recommendations.

The move assumes significance as various civil services have been raising their voice against career benefits enjoyed by officers of the Indian Administrative Service (IAS) and Indian Foreign Service ( IFS).

The Confederation of Civil Services Association (COCSA) has highlighted the “apprehensions” shared by a “majority” of officers and requested for a fair representation to other services on committee, limiting the representation of any one service to 25 per cent of the total strength, said senior IRS officer Jayant Misra, its convener.

The COCSA had in December forwarded a memorandum and sought an appointment with the Cabinet Secretary to explain to him the “concern” of these officers.

“We are still waiting for an opportunity to meet the Cabinet Secretary. We have submitted fresh Memoranda dated January 19, 2016 to the Cabinet Secretary and also to the Expenditure Secretary, reiterating our demand that equitable representation be given to various services in all the bodies or committees etc. looking into or implementing recommendations of the 7th CPC, so that there is no domination by any particular service,” he said.

Amid a bitter war of words among services, the confederation maintained “that officers from various services continue to maintain excellent interpersonal relations and serve the Government with full devotion”.

“Cohesion and camaraderie among various civil services are essential pre-requisites for good governance and efficient public service delivery.

“The onus of strengthening these attributes lies on the officers of these services, but somewhat more on the officers who control the service conditions of the services, particularly when they are expected to render absolutely objective and neutral advice to the competent authorities, even if it may be perceived as disadvantageous to their own service,” the memorandum said, citing its concern.

In the present context, strong evidence was presented before the Pay Commission regarding unfair, unjustified and exclusive edge to two services, the confederation said.

“Our arguments were accepted and favourable recommendations were made by the Commission in a majority voice, and the final decision will be taken by the Cabinet in due course,” it said referring to the report submitted by the pay panel in November last year.

Two factors, however, raised concerns among thousands of officers whether the recommendations of the Commission will ever be taken to logical conclusion.

“First, the dissenting notes of one member of the Pay Commission in violation of the time-honoured principle of ‘nemo judex in causa sua’ (No one can be a judge in his own cause), and second, the very meagre level of compliance of the PMO’s instructions of reducing the huge inter-service gap in empanelment to the Joint Secretary level by December 2015.

“When instructions from even the highest office of the country are not being complied, one cannot blame the affected officers if they get hugely disappointed and agitated, and approach the service associations for espousing their cause,” said the COCSA, that comprises 20 services including IPS, Indian Revenue Service, Indian Forest Service, Indian Audit and Accounts Service and Federation of Railway Officers Association (representing nine railway services).

Source:- Economics Times