Wednesday, October 26, 2016

Commemorative Postage Stamp on 'National Unity Day' will be released on 31/10/2016

Rashtriya Ekta Diwas (National Unity Day) was introduced by the Government of India and inaugurated by Hon’ble Prime Minister Shri Narendra Modi in 2014. The intent is to pay tribute to Vallabhbhai Patel, who was instrumental in keeping India united. It is to be celebrated on 31 October every year as annual commemoration of the birthday of the Iron Man of India Sardar Vallabhbhai Patel, one of the founding leaders of Republic of India. The official statement for Rashtriya Ekta Diwas by the Home Ministry of India cites that the National Unity Day “will provide an opportunity to re-affirm the inherent strength and resilience of our nation to withstand the actual and potential threats to the unity, integrity and security of our country.”
National Unity Day celebrates the birthday of Patel because, during his term as Home Minister of India, he is credited for the integration of over 550 independent princely states into India from 1947-49 by Independence Act (1947). He is known as the “Bismarck of India”.

This year Department of Posts has decided to release Commemorative Postage Stamp on 'National Unity Day' on 31/10/2016. 

All members and track in viewers are once again requested to open one Philately Deposit Account (PDA) in any Head Post Office and get the philately stamps and stationary items at door step.

Inadequate implementation of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013

Press Information Bureau
Government of India
Ministry of Women and Child Development

26-October-2016 18:15 IST

Smt. Maneka Sanjay Gandhi expresses concern at the inadequate implementation of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

WCD Ministry to set up Inter-Ministerial Committee and an e-platform for effective redressal of complaints of sexual harassment at workplace 

The Minister of Women and Child Development, Smt. Maneka Sanjay Gandhi held a review meeting on implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 in New Delhi today. Officials from the WCD Ministry, DoPT, Ministry of Youth Affairs & Sports, Ministry of Home Affairs, Ministry of Railways and Department of Financial Services were present. Smt. Maneka Sanjay Gandhi expressed her concern that the complaints of sexual harassment are not being handled in a timely as well as sensitive manner. She also expressed her concern that harassment often continues over a period of time and it is only after it becomes unbearable that a woman comes out to complain. In such situations, it is the duty of Internal Complaints Committee to decide on the complaint in the shortest possible time. The Minister also pointed out that the transfer of the aggressor can never be a solution to such a complaint and there should be harsher punishments when the complaint is found to be true.

2. After extensive deliberations, the following decisions were taken:

(i) The Ministry of WCD will set up an inter-ministerial committee headed by a senior official of the WCD Ministry. This committee will review the progress of disposal of complaints of sexual harassment, get a standardized training module prepared in collaboration with ISTM, ensure that heads of Internal Complaints Committee of all ministries/departments are given training on how to handle the complaints.

(ii) The ministry will be establishing a secure electronic platform for any woman employee of the government to file a complaint under the Act directly to the Ministry of WCD. These complaints will be then taken up with the respective ministries/ departments. This will enable a monitorable and transparent system of grievance redressal under the Act.

(iii) All ministries/ departments will furnish a monthly report to WCD ministry on the number of complaints received, disposed, pending and action taken etc.

(iv) All ministries/ departments and attached offices will furnish the annual statistics of complaints received and disposed under the Act in their Annual Reports. It was also decided that the inter ministerial committee will create a panel of resource persons from which ICCs can take the external members. In another important decision taken at the meeting today, all the training programmes of all services will have a module on the Act and DoPT will issue necessary instructions for this.

(v) It was also decided that the respective cadre controlling authority will keep every complainant under observation for a period of five years so that she is not subjected to any further administrative harassment as a result of her having complained against a male superior.

(vi) It was agreed that the Act, the rights of a woman official and the responsibility of the ICC must be given adequate publicity through different methods including the websites of the ministries/ departments/ attached offices.

Migrating residuary data left out during the previous migration

From: Deputy Director (CEPT)

Sent: 14 September 2016 10:01

To: CPMG Assam Circle; CPMG Andhra Pradesh Circle; CPMG Bihar Circle; CPMG Chattisgarh Circle; CPMG Delhi Circle; CPMG Gujrat Circle; CPMG Himachal Pradesh Circle; CPMG Haryana Circle; CPMG Jharkhand Circle; CPMG Jammu & Kashmir Circle; CPMG Karnataka Circle; CPMG Kerala Circle; CPMG Maharashtra Circle; CPMG Madhya Pradesh Circle; CPMG North East Circle; CPMG Orissa Circle; CPMG Punjab Circle; CPMG Rajasthan Circle; CPMG Tamilnadu Circle; CPMG Uttar Pradesh Circle; CPMG Uttarakhand Circle; CPMG West Bengal Circle

Cc: Director (CBS); DDG (Financial Services); Saurabh Gupta; Gopinath S

Subject : Migrating residuary data left out during the previous migration - Important communication - Time bound - Regarding::

Respected Sir(s) / Madam (s),

This is regarding re-migration of residuary (left out) data during the earlier migration. Circles have come up with a request that few quantum of data pertaining to various schemes were left out due to inaccurate digitization and resulting in non-migration of certain accounts (data) during the previous migration of offices.

Hence, it is proposed to identify the quantum of scheme-wise data with SOL ID in the following template and send us the details in the attached excel sheet for further planning and scheduling migrations.

Yours Sincerely,

(V M Sakthivelu)
Deputy Director CEPT
+919444227090

Refund of amount of rejected SGB Application Tranche V


Register Net Communication file transmission or receiving Error and Solution

Error

While executing Registernet communication you may seen that the R Net communication is running but no file is transmitting neither recieving and a error is filed in log.txt file " RegisteredNet communication could not establish a trusted connection with SSL/TSL."

Solution :

  1. Close the Registernet communication application if it is in running condition.
  2. Install ptcmyscs_root.cer & PTCMysoreCA.cer (certificates) available in PTC Mysore folder in Local drive C if the Meghdoot Account MIS is installed on that PC or take those certificates in which the Meghdoot Accounts MIS is installed and install those certificates on that PC where Registernet communication is installed.
  3. Re register the RegisterCACft.exe from Ptc Mysore folder.
  4. Now execute RegisterNet communication without the mentioned error.
Sanjoy Biswas PA/SA, Ranaghat HO Nadia South Division Pin - 741201 Contact- 9749162749 / 7001665174

Solution for the error in DOP ATM machine-"Invalid account error in ATM machine"


  • Generally in DOP Finacle we will issue personalized or Instant cards using the menu CCMM.
  • For detailed step by step procedure to issue the ATM cards(personalized/instant cards) in DOP Finacle users can 
CLICK HERE 
  • After receipt of Personalized/replaced pin and card, first level of activation and verification has to be done by the Home SOL ID only in CCMM menu. Once this activity is completed, the card will be activated within 24hrs.
  • Even though sometimes when the customer tries to use the ATM machine will show the error "Invalid account error in ATM machine".

Root cause of the above Problem :-

  • The above error will occur when there is verification pending for that account in the menu CCMM then the system will show the above said error.
  • In order to check the status of the card also invoke the menu CCMM and use the function as Inquire and then check for the status of the card.

Solution for the above Problem :-

  • When the counter PA received the complaint from the customer and facing the above said error then immediately verify the account using the menu CCMM.
  • Even after verification of CCMM also if the customer is facing the same error while using the ATM card then immediately intimate to CPC Bangalore along with copy to your respective CPC to resolve the issue.

A SERIOUS VIEW TAKEN BY THE NFPE IN SUPPORT OF MEMORANDUM SUBMITTED BY AIPSBCOEA SENT TO DG (POSTS) NEW DELHI

A SERIOUS VIEW TAKEN BY THE NFPE IN SUPPORT OF MEMORANDUM SUBMITTED BY AIPSBCOEA SENT TO
DG (POSTS) NEW DELHI IS AS UNDER :-

Seventh Central Pay Commissions recommendations - revision of Pay scales - amendment of Service Rules/Recruitment Rules


To view please Click Here.

REVISION OF MINIMUM PAY AND FITMENT FORMULA 2ND MEETING OF THE GROUP OF SENIOR OFFICERS WITH JCM (NC) STAFF SIDE


CIRCULAR DATED 26TH OCTOBER 2016
REVISION OF MINIMUM PAY AND FITMENT FORMULA 2ND MEETING OF THE GROUP OF SENIOR OFFICERS WITH JCM (NC) STAFF SIDE DISAPPOINTING
2nd Meetings of the Group of Senior Officers (Constituted as per the assurance given by Group of Minister to NJCA) to discuss the grievances arising out of recommendations related to 7th Central Pay Commission, was held with JCM (NC) staff side on 24.10.2016 at 4 PM. The staff side explained in detail the justification for modification in the minimum pay and fitment formula, which was already explained in the memorandum submitted to Cabinet Secretary on 10th December 2015 and also in the presentation made before Joint Secretary Implementation Cell and Empowered Committee of Secretaries headed by Cabinet Secretary.

From the response of the Senior Officers, it is not clear whether they are mandated to submit a proposal on increasing the Minimum Pay and Fitment formula to Government, as assured by the Group of Ministers on 30th June 2016. Eventhough, the time frame of four months is almost over, the urgency and seriousness was lacking on the part of the Group of officers. It seems that that Government is adopting a delaying tactics or to deny the assured increase. Perhaps, they may recommend an increase in minimum pay and fitment formula at a later date, but it is quite uncertain.

Confederation National Secretariat after reviewing these developments has decided to intensify the campaign and agitational programmes demanding the Government to honour its assurance given to NJCA leadership and also to settle the 20 point charter of demands. Make the 7th November 2016 mass dharna programme a grand success. Ensure maximum participation of employees in the 15th December 2016 massive Parliament March. Get ready for strike.

ALLOWANCE COMMITTEE MEETING ON DOP&T SPECIFIC ALLOWANCES

Meeting of the Allowance Committee to discuss the DOP&T Specific allowances was held on 25.10.2016. Secretary, Department of Personnel Chaired the meeting. Important allowances like Children Education Allowance, Night Duty Allowance, Overtime Allowance, Cash Handling Allowance, Dress Allowance, Nursing Allowance, Patient Care Allowance, Family planning Allowance, Risk Allowance etc. are discussed. The Secretary, Department of Personnel gave a patient hearing and interacted with staff side on certain points. No commitment on any allowance was given.

JCM NATIONAL COUNCIL – STANDING COMMITTEE MEETING

The JCM (NC) Standing Committee meeting under the Chairmanship of Secretary, Department of Personnel was held on 25.10.2016. All agenda items were discussed. Some of the items are – JCM functioning, Compassionate appointments, amendment to the definition of anomaly, Changing MACP conditions, Ex-Servicemen pay fixation, Pay fixation option on promotion after the date of notification of CCS (RP) Rules 2016, GDS bonus enhancement to 7000/-, casual labour regularization and bonus enhancement, filling up of vacancies, upgradation of LDCs to UDCs, one time relaxation of LTC-80 availed by air by purchasing tickets from other than authorized agents, Restoration of Festival Advance, Natural Calamity Advance and Advance of leave salary, grant of entry pay recommended by 6th CPC to the promotes, reimbursement of actual medical expenditure incurred by the employees in a recognised hospital etc.

Secretary, Department of Personnel gave a patient hearing and clarified certain points. No final decision was taken on any of the agenda items. Gist published below. Minutes will be published later. It was informed that based on the discussion, each item will be examined further and decision will be taken.

AUTONOMOUS BODIES – EXTENSION OF 7TH CPC REVISED PAY STRUCTURE AND PENSIONARY BENEFITS

The issue was raised in the JCM Standing Committee meeting held on 25.10.2016 by the staff side. The official side informed that an overall review regarding the performance and financial viability etc. of each Autonomous body is being carried out by the Government. Only after completing the process decision regarding extension of 7th CPC revised pay structure and pensionary benefits, Bonus etc. will be taken. Extension of the benefits depends upon the policy decision of the Government. Hence the official side has not told any time frame for final decision. It is likely to be delayed.

Confederation has already included the demands of the employees of the autonomous bodies in its 20 point charter of demands. All Unions/Associations/Federation and employees of all autonomous bodies are requested to understand the gravity of the situation and make the 7th November 2016 mass dharna programme and 15th December 2016 Parliament March a grand success. Join the Parliament March with your flags, banners and placard with demands. Let the Government understand the discontentment and protest of employees and pensioners of Autonomous bodies. There is no short-cut to get our justified demand accepted by the Government.

GDS BONUS ENHANCEMENT TO 7000

This issue was discussed in the JCM Standing Committee meeting as a notified agenda. The official side informed that the file is still under process in the Finance Ministry and a decision is yet to be taken. Once the approval of the Finance Ministry is given the proposal is to be submitted to Cabinet for approval.

All affiliates and C-O-Cs are once again requested to extend full support and solidarity to the proposed Postal Strike on 9th & 10th November 2016, demanding bonus calculation ceiling limit enhancement to 7000/- for GDS and immediate payment of revised wages to casual labourers from 01.01.2006. Conduct solidarity demonstration in front of important Postal/RMS office on 9th & 10th November 2016.

GIST OF THE JCM STANDING COMMITTEE MEETING HELD ON 25.11.2016

Meeting was held under the chairmanship of Secretary, Department of Personnel. Items discussed and outcome is given below.

1. JCM FUNCTIONING

Decision: After discussion Secretary (P), assured that the JCM would be activated and steps may be taken to hold regular meetings of JCM at National and Departmental level.

2. COMPASSIONATE APPOINTMENT:

Decision: The demand of the staff side to remove 5% ceiling would be considered after studying the various. Supreme Court Judgments and the decisions of previous National Council JCM meetings.

3. RESTORATION OF INTEREST FREE ADVANCES WITHDRAWN BY THE GOVERNMENT BASED ON 7TH CPC RECOMMENDATIONS

Decision: The demand of the staff side to restore Festival advance, Natural Calamity advance and leave salary advance will be examined further.

4. AMENDMENT TO THE DEFINITION OF THE TERM “ANOMALY”

Decision: The proposal given by the staff side would be considered is consultation with Department of Expenditure.

5. FIXATION OF PAY OF RE-EMPLOYED EX-SERVICEMEN

Decision: - The anomalies in the fixation of pay of re-employed Ex-Servicemen is under consideration of DOP&T.

6. OPTION FOR THOSE TO BE PROMOTED AFTER 25.07.2016, I.E. AFTER THE NOTIFICATION OF CS (REVISED PAY) RULES 2016.

Decision: - This issue would be considered by the Implementation Cell of 7th CPC.

7. WITHDRAWL OF NEW CONDITIONS FOR THE GRANT OF MACP

Decision: The demand of the Staff Side for withdrawl of “Very Good” grading would be re-examined. Some more items related to Ministry of Defence was also discussed.

8. BONUS CEILING TO BE RAISED TO 7000 FOR GRAMIN DAK SEVAK EMPLOYEES OF POSTAL DEPARTMENT

Decision: - Revision of Bonus ceiling for GDS and Casual Labourers would be considered by Department of Expenditure.

9. REGULARISATION OF CASUAL LABOURERS

Decision: The proposal of the staff side for regularization of all casual labourers would be considered after considering various Supreme Court judgements.

10. FILLING UP OF EXISTING VACANT POSTS

Decision: – Since there is no ban on recruitment, vacancies can be filled up. Instructions in this regard will be issued once again.

11. UPGRADATION OF THE POSTS OF LOWER DIVISION CLERKS TO UPPER DIVISION CLERKS

Decision: The demand of the staff side would be considered in consultation with other Ministries.

12. GRANT OF ONE TIME RELAXATION TO THE CENTRAL GOVERNMENT EMPLOYEES WHO HAVE AVAILED LTC-80 AND TRAVELLED BY AIR BY PURCHASING TICKETS FROM OTHER THAN AUTHORIZED AGENCIES

Decision: - The proposal of Ministry of Defence in this regard is under examination of DOP&T

13. GRANT OF ENTRY PAY RECOMMENDED BY 6TH CPC TO THE PROMOTEES UNDER THE PROVISION OF CCS (RP) RULES 2008.

Decision: - The Judgment of Chennai CAT and Principal Bench New Delhi would be examined by DOP&T and Department of Expenditure.

14. REIMBURSEMENT OF ACTUAL MEDICAL EXPENDITURE INCURRED BY THE EMPLOYEES IN A RECOGNIZED HOSPITAL.

Decision: - A separate meeting would be held by the Health Ministry with the staff side to discuss this demand.

Fraternally yours,

(M. Krishnan)
Secretary General
Mob: 09447068125
E-mail: mkrishnan6854@gmail.com

Source : http://www.aipeup3chq.com/

Disbursement of salary for the month of October, 2016 on 28.10.2016 : ESIC Order

HEADQUARTERS OFFICE
EMPLOYEES STATE INSURANCE CORPORATION
PANCHDEEP BHAWAN. C.I.G. ROAD. NEW DELHI-2
(AN ISO 9001-2008 QMS CERTIFIED ORGANISATION)


No. F-29/13/02-E-VI
Date:- 25/10/2016

Sub: Disbursement of salary for the month of October, 2016 on 28.10.2016.

Sir,

I am directed to inform you that the Director General has accorded his kind approval for the disbursement of salary for the month of October, 2016 to the employees / officers of the entire ESIC in accordance with Rule 217(2) of Central Treasury Rules on 28.10.2016 on account of Diwali.

This issued with the concurrence of Financial Commissioner.

Yours faithfully,

(PRABHA SAINI)
ASST. DIRECTOR

Issue Price Of Sovereign Gold Bond

Here is the issue price of sovereign gold bond for 1 gram of Gold.

Rate of Commission to the Small Savings Agent

Agent Commission to the Small Saving Scheme

Name of Scheme Rate of Commission to the Agent
Recurring Deposit (MPKBY) 4.0%
RD - PRSS Discontinued from 01/10/2016
1 Year Time Deposit 0.5%
2 Year Time Deposit 0.5%
3 Year Time Deposit 0.5%
5 Year Time Deposit 0.5%
Monthly Income Scheme - MIS 0.5%
5 Year NSC 0.5%
10 Year NSC 0.5%
Kisan Vikas Patra - KVP 1.0%
Sr. Citizen Savings Scheme NIL
PPF NIL

GDS BPM - TD Commission

GDS BPM - TD Commission Category
1 Year Time Deposit 0.5%
2 Year Time Deposit 1.0%
3 Year Time Deposit 1.0%
5 Year Time Deposit 2.0%

RICT - FAQ on Device supplied to BOs

Rural Information and Communication Technology - Frequently Asked Questions on Device supplied to Branch Offices

DA Rate from 01.01.2006 to 01.07.2016

DA rates who comes under 6th Pay Commission

01-01-2006 — NIL
01-07-2006 — 2%
01-01-2007 — 6%
01-07-2007 — 9%
01-01-2008 — 12%
01-07-2008 — 16%
01-01-2009 — 22%
01-07-2009 — 27%
01-01-2010 — 35%
01-07-2010 — 45%
01-01-2011 — 51%
01-07-2011 — 58%
01-01-2012 — 65%
01-07-2012 — 72%
01-01-2013 — 80%
01-07-2013 — 90%
01-01-2014 — 100%
01-07-2014 — 107%
01-01-2015 — 113%
01-07-2015 — 119%
01-01-2016– 125%
01-07-2016– DA will be Declare Soon.

Important News in brief

News in brief.......

1. July DA 3% to be declared in a day or two..

2. Major announcement on allowances to be made after meeting with staff side ....

3. Minimum pay and fitment factor likely to get modified ...

4. Salary for the month of October likely to be paid on 28.10.2016 . State Government has already announced payment on 28.10.2016


5. Cadre review is yet to be finalized at CO..

6. Postmaster Grade II Promotion based on one time relaxation under process..

7. Posting orders for Rule 38 inward officials released by Divisional Office..

8. Many justified single handed offices get one Postal Assistant...

9. AIGDSU defers two day strike for one month..

10. Informal meeting with CPMG on orders relating to stoppage of sunday and holiday duty is to be held shortly

11.POSTAL JCA (NFPE & FNPO) FULL DAY DHARNA HELD ON 20.10.2016 AT STATE/REGIONAL HEADQUARTERS ON ENHANCEMENT OF GDS BONUS & AND CASUAL LABOURER DEMANDS
Source:nfpecoimbatore

Speed Post Incentive Scheme for booking and delivery Staff


How To Update Sovereign Gold Bond Details At HO

  • After receiving applications from Sub offices and in counters, at HO we have to update the details of the applicants in the portal specified by CEPT.
  • After we update these details only customers will get the bond from RBI.
  • Make sure you complete this work on everyday basis otherwise customers will do you-know-what with us.
Below is the procedure to be done at HO.








Meeting of Committee on Allowances held on 25.10.2016 : NC JCM Staff Side

Brief of the meeting of the Standing Committee(JCM) and also meeting of the Committee on Allowances held today


Shiva Gopal Mishra
Secretary
Ph.: 23382286
National Council (Staff Side)
Joint Consultative Machinery
Central Government Employees
13-C, Ferozshah Road, New Delhi - 110001
E Mail : nc.jcm.np@gmail.com
No.NC/JCM/2016
Dated: October 25, 2016
All Constituents of NC/JCM

Dear Comrades!
Sub: Brief of the meeting of the Standing Committee(JCM) and also meeting of the Committee on Allowances held today

A meeting of the Standing Committee of the National Council (JCM) was held today under the Chairmanship of Secretary (DoP&T), wherein Staff Side (JCM) shown anguish against total collapse of the JCM Machinery.

The Secretary (DoP&T), who is also Chairman of the NC/JCM Standing Committee, assured that, he would try to improve functioning of the JCM Machinery as a whole.

In the said meeting, the agenda sent to the DoP&T for the meeting of the NC/JCM Standing Committee was discussed in detail, and on most of the items reply of the DoP&T was “the issue will be examined”.

Subsequently, in the meeting of the Committee on Allowances, held today, the allowances pertaining to the DoP&T, particularly Children Education Allowance, Night Duty Allowance, Overtime Allowance, Unreported Allowance, Small Family Allowance, Risk Allowance, Cash Handling Allowance, Uniform(Dress) Allowance, were discussed in detail.

It was assured by the Secretary(DoP&T) that, the issues raised by the Staff Side(JCM) would be taken up in the Allowance Committee meeting.
Comradely yours,
sd/-
(Shiva Gopal Mishra)
Source: http://ncjcmstaffside.com/

Observance of Vigilance Awareness Week from 31st October to 5th November 2016 - Taking of Integrity pledge

Observance of Vigilance Awareness Week from 31st October to 5th November 2016


To view please Click Here.

Postmen will carry stationery to be sold to the residents: Pilot project launched in the Chennai

Now, get postcards and stamps at your doorstep
CHENNAI, October 24, 2016

Now, customers don’t have to travel to post offices to buy stamps or postcards. The postman would instead deliver it at their houses.

The latest initiative of the Postal Department has postmen who are out to deliver mails also to sell postal stationery. Postmen will carry postage stamp, revenue stamps, envelopes, postcards and inland letters to be sold to the residents. This is a pilot project launched in the Chennai city region.

The postmen will also collect registered post and speed post from the residents.

Customers can also affix stamps and hand over the mails to them instead of visiting the post office or searching for a postbox.

The postmen will carry a rate chart with them and will issue receipt for the speed posts and registered articles either on the same day or next day. The initiative will be particularly useful to commercial establishments and residents in suburban areas, an official said.

There are over 1,000 postmen in the city. Each will carry Rs. 350 worth postal stationery whenever they step out for delivery. Nearly 50 per cent of the stationery are sold everyday, the official added.

Welcoming the move, residents said it would help senior citizens save the trips to post offices. Consumer activist, T. Sadagopan, meanwhile, suggested that the postmen also carry identity cards.

Source : http://www.thehindu.com

Sovereign Gold Bond Important Forms To Download

The below are the important forms required to issue sovereign gold bond. You can take print out of these forms and use as application and acknowledgement forms.




Prescribed Syllabus for P S Group-B Examination

Posters For Sovereign Gold Bond

Dear Friends,

Just now we came to know that everyone are feeling the pressure of selling sovereign gold bonds. So in order to help you improve the sales we are giving you two posters which you can print and display in your office.

Since it is diwali time people will be very much interested in buying gold. So if we can convince them to buy gold bonds we can achieve our targets.

Lets make this a huge success. All the best.
Just right click on the image below and click on Save Image to download the posters
Poster 1

36 Things You Should Know About Sovereign Gold Bond

36 Things You Should Know About Sovereign Gold Bond


1. What is Sovereign Gold Bond (SGB)? Who is the issuer?

SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

2. Why should I buy SGB rather than physical gold? What are the benefits?

The quantity of gold for which the investor pays is protected, since he receives the ongoing market price at the time of redemption/ premature redemption. The SGB offers a superior alternative to holding gold in physical form. The risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest. SGB is free from issues like making charges and purity in the case of gold in jewellery form. The bonds are held in the books of the RBI or in demat form eliminating risk of loss of scrip etc.

3. Are there any risks in investing in SGBs?

There may be a risk of capital loss if the market price of gold declines. However, the investor does not lose in terms of the units of gold which he has paid for.

4. Who is eligible to invest in the SGBs?

Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Eligible investors include individuals, HUFs, trusts, universities, charitable institutions, etc.

5. Whether joint holding will be allowed?

Yes, joint holding is allowed.

6. Can a Minor invest in SGB?

Yes. The application on behalf of the minor has to be made by his/her guardian.

7. Where can investors get the application form?

The application form will be provided by the issuing banks/SHCIL offices/designated Post Offices/agents. It can also be downloaded from the RBI’s website. Banks may also provide online application facility.

8. What are the Know-Your-Customer (KYC) norms?

Know-Your-Customer (KYC) norms will be the same as that for purchase of physical form of gold. Identification documents such as Aadhaar card/PAN or TAN /Passport / Voter ID card will be required. KYC will be done by the issuing banks/SHCIL offices/Post Offices/agents. No separate KYC will be needed for receiving bank’s own customers.

9. What is the minimum and maximum limit for investment?

The Bonds are issued in denominations of one gram of gold and in multiples thereof. Minimum investment in the Bond shall be one gram with a maximum buying limit of 500 grams per person per fiscal year (April – March). In case of joint holding, the limit applies to the first applicant.

10. Can I buy 500 grams in the name of each of my family members?

Yes, each family member can buy the bonds in his/her own name if they satisfy the eligibility criteria as defined at Q No.4.

11. Can I buy 500 grams worth of SGB every year?

Yes. One can buy 500 grams worth of gold every year as the ceiling has been fixed on a fiscal year (April-March) basis.

12. What is the rate of interest and how will the interest be paid?

The Bonds bear interest at the rate of 2.75 per cent (fixed rate) per annum on the amount of initial investment. Interest will be credited semi-annually to the bank account of the investor and the last interest will be payable on maturity along with the principal.

13. Who are the authorized agencies selling the SGBs?

Bonds are sold through scheduled commercial banks (excluding RRBs), SHCIL offices and designated Post Offices either directly or through their agents.

14. If I apply, am I assured of allotment?

If the customer meets the eligibility criteria, produces a valid identification document and remits the application money on time, he/she will receive the allotment.

15. When will the customers be issued Holding Certificate?

The customers will be issued Certificate of Holding on the date of issuance of the SGB. Certificate of Holding can be collected from the issuing banks/SHCIL offices/Post Offices/agents or obtained directly from RBI on email, if email address is provided in the application form.

16. Can I apply online?

Yes. A customer can apply online through the website of the listed scheduled commercial banks.

17. At what price the bonds are sold?

Price of bond will be fixed in Indian Rupees on the basis of the previous week’s (Monday – Friday) simple average price for gold of 999 purity published by the India Bullion and Jewellers’ Association Ltd. (IBJA). The issue price will be disseminated by the Reserve Bank of India

18. Will RBI publish the rate of gold applicable every day?

The price of gold for the relevant tranche will be published on RBI website two days before the issue opens.

19. What will I get on redemption?

On maturity, the redemption proceeds will be equivalent to the prevailing market value of grams of gold originally invested in Indian Rupees. The redemption price will be based on the simple average of previous week’s (Monday-Friday) closing gold price for 999 purity published by the IBJA.

20. How will I get the redemption amount?

Both interest and redemption proceeds will be credited to the bank account furnished by the customer at the time of buying the bond.

21. What are the procedures involved during redemption?

  • The investor will be advised one month before maturity regarding the ensuing maturity of the bond.
  • On the date of maturity, the maturity proceeds will be credited to the bank account as per the details on record.
  • In case there are changes in any details, such as, account number, email ids, then the investor must intimate the bank/SHCIL/PO promptly.

22. Can I encash the bond anytime I want? Is premature redemption allowed?

Though the tenor of the bond is 8 years, early encashment/redemption of the bond is allowed after fifth year from the date of issue on coupon payment dates. The bond will be tradable on Exchanges, if held in demat form. It can also be transferred to any other eligible investor.

23. What do I have to do if I want to exit my investment?

In case of premature redemption, investors can approach the concerned bank/SHCIL offices/Post Office/agent thirty days before the coupon payment date. Request for premature redemption can only be entertained if the investor approaches the concerned bank/post office at least one day before the coupon payment date. The proceeds will be credited to the customer’s bank account provided at the time of applying for the bond.

24. Can I gift the bonds to a relative or friend on some occasion?

The bond can be gifted/transferable to a relative/friend/anybody who fulfills the eligibility criteria (as mentioned at Q.no. 4). The Bonds shall be transferable in accordance with the provisions of the Government Securities Act 2006 and the Government Securities Regulations 2007 before maturity by execution of an instrument of transfer which is available with the issuing agents.

25. Can I use these securities as collateral for loans?

Yes, these securities are eligible to be used as collateral for loans from banks, financial Institutions and Non-Banking Financial Companies (NBFC). The Loan to Value ratio will be the same as applicable to ordinary gold loan prescribed by RBI from time to time.

26. What are the tax implications on i) interest and ii) capital gain?

Interest on the Bonds will be taxable as per the provisions of the Income-tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long terms capital gains arising to any person on transfer of bond.

27. Is tax deducted at source (TDS) applicable on the bond?

TDS is not applicable on the bond. However, it is the responsibility of the bond holder to comply with the tax laws.

28. Who will provide other customer services to the investors after issuance of the bonds?

The issuing banks/SHCIL offices/Post Offices/agents through which these securities have been purchased will provide other customer services such as change of address, early redemption, nomination, grievance redressal, transfer applications etc.

29. What are the payment options for investing in the Sovereign Gold Bonds?

Payment can be made through cash (upto Rs. 20000)/cheques/demand draft/electronic fund transfer.

30. Whether nomination facility is available for these investments?

Yes, nomination facility is available as per the provisions of the Government Securities Act 2006 and Government Securities Regulations, 2007. A nomination form is available along with Application form.

31. Is the maximum limit of 500 gms applicable in case of joint holding?

The maximum limit will be applicable to the first applicant in case of a joint holding for that specific application.

32. Are institutions like banks allowed to invest in Sovereign Gold Bonds?

There is no bar on investment by banks in Sovereign Gold Bonds. These will qualify for SLR.

33. Can I get the bonds in demat form?

  • Yes. The bonds can be held in demat account. A specific request for the same must be made in the application form itself.
  • Till the process of dematerialization is completed, the bonds will be held in RBI’s books. The facility for conversion to demat will also be available subsequent to allotment of the bond.

34. Can I trade these bonds?

The bonds are tradable from a date to be notified by RBI. (It may be noted that only bonds held in de-mat form with depositories can be traded in stock exchanges) The bonds can also be sold and transferred as per provisions of Government Securities Act, 2006

35. Can I get part repayment of these bonds at the time of exercising put option?

Yes, part holdings can be redeemed in multiples of one gm.

36. How do I contact RBI to address my queries regarding Sovereign Gold Bond ?

A dedicated e-mail has been created by the Reserve Bank of India to receive queries from members of public on Sovereign Gold Bonds. Investors can mail their queries to this email id.

Tamilnadu Postal Circle is calling for online applications for 310 Postman/Mail Guard Click here for Notice

Status of GDS Court Case, Next Hearing is 22-11-2016


NFPE & GDS (NFPE) filed a case in Supreme Court [WP (C) 1003 of 2013] praying : Implementation of 1977 judgement and declare GDS are civil servants & scrap the GDS (Conduct & Engagement) Rules 2011 as they are invalid and unconstitutional …. Supreme Court directed the case to Delhi High Court [WP (C) 168 of 2014]…. first hearing was on 13-01-2014 and pleased to serve notice to Govt. & Department …. hearing on 07-05-2014 ……Dept. given 6 weeks time & next hearing on 19-09-2014 … Govt. filed counter affidavit …. next hearing is listed for 4th February 2015…….The case is transferred to Pr.CAT, Delhi .. hearing on 08-05-2015 …… further adjournments … 09-07-2015 /10-09-2015 / 18-11-2015 / 22-01-2016 / 25-07-2016 / 16-08-2016.
Next Hearing is 22-11-2016
Source : https://gdspost.wordpress.com/

Formation of new Postal Region as "East Region" at Bhagalpur (Bihar Circle)

Formation of new PostaL Region as "East Region" at Bhagalpur (Bihar Circle)













Salaried taxpayers to get SMS alerts on TDS deductions

NEW DELHI: As many as 2.5 crore salaried tax payers will now receive SMS alerts from the Income Tax department regarding their quarterly TDS deductions. 

Finance Minister Arun Jaitley today launched the SMS alert service for Tax Deducted at Source (TDS) for salaried class and the CBDT will soon offer this facility on a monthly basis. 

Briefing reporters about the facility, Jaitley said salaried class cannot afford to pay tax twice or indulge in litigations and hence they should be kept updated about their TDS deductions. 
"Hence tax payers will benefit if they receive information through use of technology. So they can match the office salary slip and the SMS and at the end of the fiscal he will be clear about any possible tax dues," Jaitley said. 

He asked the CBDT to work towards making the grievance redressal system for TDS mismatch online so that there is no interface between the tax payer and the tax department. 

Jaitley said e-Nivaran is working well for tax payers and the CBDT is taking several tax payer friendly initiatiave. 

The CBDT will soon extend this SMS facility to another 4.4 crore non-salaried tax payers. 
"The frequency of SMS alerts will be increased, once the process for filing TDS returns is stremlined to receive such information on a real time basis," the CBDT said. 
CBDT Chairperson Rani Singh Nair said the tax department is encouraging people to register their mobile number on the e-filing website. 

She said tax payer will initially receive a welcome message from the CBDT informing him about the facility and after that each assessee would be sent messages informing them about their respective TDS deductions. 

The new step is an effort by the I-T department to directly communicate deposit of tax deducted through SMS alerts to salaried tax payers. In case of a mismatch, they can contact their deductor for necessary correction. 

Besides, SMS alerts will also be sent to deductors who have either failed to deposit taxes deducted ot to e-file their TDS returns by the due date. 

Source : The Economic Times

Kiran Parmar - A RMS employee and a member of Indian Kabaddi Team which won the 2016 World Cup


Thirty-one-year-old Kiran Parmar from Ahmedabad is a member of Indian Kabaddi team which won The Kabaddi World Cup, 2016. But Kiran’s is not a regular story. What makes his journey special is how he overcame various obstacles to achieve this feat.

Kiran is a resident of Jamalpur area in Ahmedabad. He started playing at a fairly young age, and at 16, represented his schools in national tournament. But success didn’t come easy.

His father, Lakshmanbhai Mafatlal Parmar, was a national-level kabaddi player who had to take up sewage cleaning to feed his family of five. Lakshmanbhai works at Nikol, Naroda, where he cleans the local society drains, and now manages a group of cleaners. He is just three years away from his retirement.
Kiran’s first break came when he was selected to represent his school at a national tournament in 2001. That got him an admission to the Sports Authority of India’s hostel.

“My son has achieved what I dreamed for myself. I always told him not to lose focus, keep playing and luck will follow,” says Lakshmanbhai.
In 2007, Kiran secured a job with Railway Mail Service (RMS), Bhavnagar. When that left him with hardly any time to practice, he got a transfer to his hometown Ahmedabad and has since been working at the RMS, Kalupur. 
Meanwhile in 2008, Kiran married the love of his life, Kusum, a former national kabaddi player. She was recognised as the Best Player of Gujarat in 2003 in the national-level Kabaddi Tournament in J& K.

“I catch up with practise two hours in the morning near the river front and an hour and a half in the evening. The Indian Kabaddi Federation selected me for the Pro Kabaddi League after I represented the RMS speed post kabaddi team at the nationals,” says Kiran, who never had to look back since.
Kiran at play

Kiran is a defender and raider. He was part of the winning side Hyderabadi Horses in Karnataka Premier League in 2011. He has also been part of the Ahmedabad Kabaddi team, which has been winning at state level since 2010.

He played for Bengaluru Bulls in the Pro Kabaddi League in 2014. Kiran only played a single season for Bengaluru Bulls as he suffered an injury that season.