Sunday, October 22, 2017

Sovereign Gold Bond Scheme 2017-18 Issue Price for the next subscription period i.e. October 23-25, 2017 would be Rs. 2,971 per gram with Settlement on October 30, 2017

Sovereign Gold Bond Scheme 2017-18 Issue Price for the next subscription period i.e. October 23-25, 2017 would be Rs. 2,971 per gram with Settlement on October 30, 2017
The Government of India, in consultation with the Reserve Bank of India (RBI), had floated Series III of Sovereign Gold Bonds 2017-18, for the period from October 09, 2017 to December 27, 2017 (with subscription period Monday to Wednesday every week). The Bonds will be issued on the succeeding Monday after each subscription period.

For the next subscription period i.e. October 23-25, 2017, the issue price shall be Rs. 2,971/ (Rupees Two thousand Nine hundred Seventy One only) - per gram with Settlement on October 30, 2017, as also published by RBI in their Press Release dated Oct.20, 2017.

The Government of India in consultation with the Reserve Bank of India, has decided to allow discount of Rs.50 (Rupees Fifty) per gram from the issue price to those investors who apply online and the payment is made through digital mode.

PIB

Immediate Closure of Non-Core Activities ( Banking & Insurance) - APS

Received through whats App on subject to confirmation

Doubling of gratuity limit to Rs. 20 lakh

The Government of India in 2016 increased the ceiling on gratuity payable to Central government employees from Rs 10 lakh to Rs. 20 lakh, on recommendations of the Seventh Pay Commission. Recently, the Central government approved a bill which proposed similar amendment to the Payment of Gratuity Act, 1972, applicable to other employees. The new provisions will be applicable either from last quarter of CY2017 or from first quarter of CY2018. The increased limit would be applicable to gratuity amount already accrued in the account of the employee till date and to the amount that will accrue in future.
The increased gratuity limit would benefit all employees who are part of their employer’s gratuity scheme. If an employee has already received Rs. 10 lakh from previous employers, he/she can accrue Rs. 10 lakh more from current and future employers. If the gratuity amount of an employee has already reached Rs. 10 lakh with the current employer, the employee can continue to accrue gratuity benefits for an additional Rs. 10 lakh. The gratuity amount is tax-free, so now the tax free gratuity amount has now doubled from Rs. 10 lakh to Rs. 20 lakh.

If an employee has not received any gratuity payment from previous employments, he/she will be entitled to receive the full gratuity amount of Rs. 20 lakh tax-free. However, if an employee has received, say, Rs. 3 lakh as tax-free gratuity amount from previous employer(s), and his/her gratuity amount with the current employer stands at Rs. 2 lakh, he/she will be entitled to accrue Rs. 15 lakh as additional tax-free gratuity amount and another Rs. 3 lakh which will be subject to marginal tax rate.

As per the Payment of Gratuity Act 1972, an employer with 10 or more than employees has to provide gratuity benefit to the employees at the time of leaving employment, subject to a minimum service period of 5 years.

Discontinuance of All Non core business activities in FPO and APS

One important info:-

1. FPO will be closing down all non core business activities wef 30 Nov 2017 and subsequently Army Postal Service will be disbanded on 31 Mar 2018.

2. All people having any PLI /RD or any other type of financial account with FPO, contact them to either close it or look for some other option.

For your information please.
Forwarded as received through Whats App

Employment News : 21 Oct to 27 Oct 2017

JOB HIGHLIGHTS
STAFF SELECTION BOARD, MOTI DAMAN
Name Of Post : Assistant Sub-Inspector, Police Constable etc
No.of Vacancies : 164
Last Date :07.11.2017
INDIAN INSTITUTE OF TECHNOLOGY, HYDERABAD
Name Of Post : Deputy Registrar, Executive Engineer (Electrical), Sports Officer, Medical Officer etc
No.of Vacancies : 114
Last Date :22.11.20147
INDO-TIBETAN BORDER POLICE FORCE
Name Of Post : Head Constables
No.of Vacancies : 62
Last Date :13.11.2017
NATIONAL TEXTILES CORPORATION LIMITED (WR)
Name Of Post : Clerical Staff and Security Supervisor
No.of Vacancies : 40
Last Date :30.10.2017
UNION PUBLIC SERVICE COMMISSION
Name Of Post : Deputy Controller of Explosives, Scientific Officer, Junior Technical Officer etc
No.of Vacancies : 64
Last Date :02.11.2017
INDIAN SPACE RESEARCH ORGANISATION, THIRUVANANTHAPURAM
Name Of Post : Technical Assistant, Scientist, Radiographer, Technician ‘B’
No.of Vacancies : 85
Last Date :23.10.2017
INDIAN SPACE RESEARCH ORGANISATION, THIRUVANANTHAPURAM
Name Of Post : Technical Assistant, Scientist, Radiographer, Technician ‘B’
No.of Vacancies : 85
Last Date :23.10.2017