PENSION BILL
DISCUSSION COMMENCED IN PARLIAMENT
The discussion on pension bill commenced in Parliament amidst strong protest from LEFT PARTY MPs today (4thSeptember, 2013). Conduct walkout and protest demonstration IF NOT ALREADY CONDUCTED: M. Krishnan Secretary General
Notification regarding designation of Officers of Postal Directorate as Central Public Information Officer and their Appellate Authorities (Click the link below for details)
RECOGNITION OF SERVICE ASSOCIATION OF EMPLOYEES OF NON-STATUTORY DEPARTMENTAL CANTEENS/TIFFIN ROOMS OF CENTRAL GOVERNMENT OFFICES UNDER CCS (RSA) RULES 1993(Click the link below for details)
http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02adm/recognition0001.pdf
(AB-04/09)
More Details : http://www.ddinews.gov.in/Home%20-%20Headlines/Pages/PENSIONBILL.aspx
Commemorative Postage Stamp on "Wild Flowers" released on 03.09.2013 by India Post
Loksabha Passes Pension Bill - Key Points
The Lok Sabha today passed the Pension Fund Regulatory and Development Authority Bill 2011, which will open the doors for foreign investment in pension funds. The bill aims to create a regulator for the pension sector and extend the coverage of pension benefits to more people. The Pension Bill has been hanging fire since 2005 when it was first introduced in the Parliament. It was again reintroduced in 2011.
Features of New Pension Bill
1: The Pension Fund Regulatory andDevelopment Authority Bill 2011 will give statutory powers Pension Fund Regulatory and Development Authority (PFRDA) which was established in August 2003 as a regulator for the pension sector.
3: The subscriber seeking minimum assured returns shall be allowed to opt for investing their funds in such scheme providing minimum assured returns as may be notified by the authority.
4: Withdrawals will be permitted from the individual pension account subject to the conditions, such as, purpose, frequency and limits, as may be specified by the regulations.
5: This bill would also provide subscribers a wide choice to invest their funds including for assured returns by opting for government bonds etc as well as in other funds depending on their capacity to take risk.
6: The passage of the bill could see pure pension products coming into the market. At present most of the pure pension products available in the market are linked with insurance coverage.
7: In 2005, the government had earlier introduced a pension bill but it lapsed as the Lok Sabha's term got over before the legislation could be passed.
8: The Pension Fund Regulatory and Development Authority Bill 2011 was reintroduced in the Lok Sabha in 2011 by the then finance minister Pranab Mukherjee and it was subsequently referred to a standing committee.
9: PFRDA's National Pension System (NPS) was made mandatory for all new government recruits, except armed forces, joining after January 1, 2004.
10: The NPS was later opened up to all Indian citizens from 2009 on a voluntary basis.
11: The NPS allows its subscribers to invest in stock markets but there is a cap on equity investment. The NPS also offers subscribers the option of selecting the fund managers of their choice.
12: The pension bill could help channelize funds into building long-term assets for the country, including the infrastructure sector. The government wants to ease rules for insurance and pension sectors to allow them to invest in infrastructure, where it is seeking $1 trillion investment till 2017.
LIST OF OFFICE BEARERS OF ALL INDIA POSTAL SBCO ASSOCIATION: CIRCULATED BY THE DEPARTMENT.
Raghuram Rajan takes over as RBI Governor
Prime Minister Manmohan Singh had approved his appointment on August 6, 2013 for a term of three years.
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| RBI Deputy Governor K. C. Chakrabarty and other staff receive the new Governor Raghuram Rajan at the RBI headquarters in Mumbai on Wednesday. Photo: Paul Noronha |
Raghuram Rajan on Wednesday took over as the new Governor of the Reserve Bank of India(RBI).
Mr. Rajan, 50, an economics professor who also served as chief economist at the International Monetary Fund, took charge from the outgoing Governor Dr.Subbarao.
The duo shook hands warmly and hugged after Mr. Rajan signed papers taking over as the 23rd Governor of the central bank.
“Ten minutes ago, I handed over charge to Mr. Raghuram Rajan,” Dr. Subbarao said after stepping out of Mint Road. “The country could not have asked for a more capable person to lead the RBI in these most difficult times.”
Source : the Hindu
Association of Employees of Departmental Canteen: DoPT Order
Recognition of Service Association of Employees of Non-Statutory Departmental Canteens/Tiffin Rooms of Central Government Offices under CCS (RSA) Rules 1993.
File No. 27/1/2007-Dir.(C)
Government of India
Ministry of Personnel, P.G & Training
Department of Personnel & Training
Lok Nayak Bhawan,
Khan Market, NewDelhi-110001
Dated 03/09/2013
Office Memorandum
Subject: Recognition of Service Association of Employees of Non-Statutory Departmental Canteens/Tiffin Rooms of Central Government Offices under CCS (RSA) Rules 1993.
The undersigned is directed to say that the matter regarding granting of recognition to the Associations representing Non-Statutory Departmental Canteens Employees has been under consideration of thisDepartment for quite some time. The question of formation of separate Association of Canteen employees was earlier considered in 2003 and taking into account various factors, it was decided that there may not be separate Association exclusively for Canteen employees and they may be represented through Associations formed by other comparable categories of employees. This decision was circulated vide 0.M No. 27/2/96-Dir.(C) dated 20.2.2003. Subsequently, based on various representations received, and taking into account the fact that Canteen employees are a unique and distinct category of employees of Central Government, their cadre structure, pay and allowances and career prospects are also different from other Group 'C' & 'D' employees of the Secretariat & Attached/Subordinate Office, it was decided to invite applications from Associations/Unions of employees working in the Non-Statutory Departmental Canteens/Tiffin Rooms of Ministries/ Departments/Offices etc of the Central Government who wish to seek recognition under CCS (RSA) Rules 1993. On the basis of application received for recognition and keeping in view the requisite criteria for recognition as stipulated in CCS (RSA) Rules, 1993 it has been decided by the competent authority to grant ad-hoc recognition to the following association subject to the condition that ad-hoc recognition would cease after one year if verification through check off system is not completed during the period.
"All India Central Government Canteen Employees & Workers Association".
sd/-
(PratimaTyagi)
Director (Canteens)
Source: www.persmin.nic.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02adm/recognition0001.pdf]
RECOGNITION OF SERVICE ASSOCIATION OF EMPLOYEES OF NON-STATUTORY DEPARTMENTAL CANTEENS / TIFFIN ROOMS OF CENTRAL GOVERNMENT OFFICES UNDER CCS (RSA) RULES 1993
Debate on Pension Bill marred by uproar in LS
Vociferous protests over missing coal files and petrol price hike cast shadow over the debate on the Pension Bill in Lok Sabha today with the government pressing hard for its passage with just two days remaining for the Monsoon Session to conclude.
Even as BJP members stormed the Well demanding the Prime Minister's resignation over missing coal block allocation files, Speaker Meira Kumar took up the consideration of the controversial measure.
Participating in the debate, Shailendra Kumar, whose Samajwadi Party is a key outside supporter, opposed the Pension Fund Regulatory and Development Authority Bill, 2011, which provides for establishment of an authority to promote old age income security by developing pension funds, among other things.
As Kumar opposed the measure saying there was no provision to provide assured returns to the employees, Ministers Kamal Nath and Kapil Sibal approached SP chief Mulayam Singh Yadav apparently to seek his party's backing to the bill, which the Left parties staunchly opposed.
The SP member, along with those from Trinamool Congress, DMK and the Left parties, opposed the measure on several counts, especially on putting the "social security moneys" in the volatile stock market and allowing FDI to manage these "hard-earned" funds.
Sougata Roy (TMC) wanted the Chair to ensure that the bill, which would affect lives of millions of people, should not be passed in a hurry and in din over missing coal ministry files and hike in petroleum prices.
Interestingly, Gurudas Dasgupta (CPI) called back the protesting Left members from the Well as Roy was speaking to oppose the bill.
(AB-04/09)
More Details : http://www.ddinews.gov.in/Home%20-%20Headlines/Pages/PENSIONBILL.aspx
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