Dopt Orders - Restriction of officiating pay under FR 35-clarification.
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General Clarification regarding counting of broken spells of ad-hoc promotion for increment-reg.
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Cabinet proposal soon to constitute 7th Pay Commission
NEW DELHI, December 19, 2013
The central government is likely to constitute the 7th Pay Commission for revising the salaries of its over 50 lakh employees before the start of process of next general elections due in May, 2014.
“The Finance Ministry is working out a Cabinet proposal for constitution of the 7th Pay Commission which could be taken up for consideration in the next couple of weeks,” a source said.
According to information available, the government’s intention to constitute 7th Pay Commission before going for polls is clear as it has made provision of Rs. 3.5 crore in the second supplementary demands for grants in this regard which was approved by Parliament in the just concluded Winter Session.
Earlier in September this year, Finance Minister P. Chidambaram had announced that Prime Minister Manmohan Singh has approved setting up of the 7th Pay Commission.
According to the announcement, the Commission will be mandated to submit its report in two years time and its recommendations would be implemented from January 1, 2016.
However, after that announcement, no formal proposal was put up before the Union Cabinet for constitution of the Commission.
As per the practice, the Commission is headed by a former Supreme Court Judge and its other members would include experts and officials.
Meanwhile, the government is also believed to have approved fixing minimum pension of Rs 1,000 per month under the Employees’ Pension Scheme 1995 (EPS-95) run by retirement fund body Employees’ Provident Fund Organisation (EPFO).
The government is also understood to have cleared maximum basic wage ceiling of Rs. 15,000 per month for deduction of Provident Fund from existing Rs. 6,500 per month for private sector workers, in general, covered under schemes run by EPFO.
CBEC cadre restructure : Details of additional posts notified
CBEC cadre restructure : Details of additional posts notified
The CBEC vide F.No.A.11019/08/2013-AD -IV dated 18.12.2013 has issued notification for approval of creation of total numbers 18067 posts.
PrCC-14
CC-38
PC-53
Com-45
ADC/JC-339
DC-200
AC-300
Temp AC-2118.
Para 3 of the notification provides that all regular posts will be filled up as per RRs(50% for direct, 50% for promotee).Para 4 of the notification provides that temporary posts will be filled up by promotion from feeder carders on the basis of prescribed ratio.The promotion against these temporary vacancies shall not entail further promotion to any level beyond JTS.(That means temporary promotees will have to be regularised against regular posts and thereafter will be entitled for further promotion). Pending notification of revised RRs, the newly created posts will be filled up on the basis of extant guidelines of RRs issued by DOPT.
source : http://paycommissionupdate.blogspot.in/
Transferred your confirm Indian Railway Ticket to another member of your family, meaning, Father, Mother, Brother, Sister, Son, Daughter, Husband and Wife.
Chief Reservation Supervisor of important stations are authorized by Railway Administration to permit the change of name of a passenger having a seat or berth reserved in his name in the following circumstances namely :
(a) Where the passenger is a Government Servant, proceeding on duty and appropriate authority, makes a request in writing 24 hours before the scheduled departure of trains
(b) Where the passenger makes a request in writing 24 hours before the scheduled departure of the train that the reservation made in his name may be transferred to another member of his family, meaning, Father, Mother, Brother, Sister, Son, Daughter, Husband and Wife.
(c) Where the passengers are students of a recognized educational institution and the Head of the institution makes a request in writing 48 hours before the scheduled departure of the train, that the reservation made in the name of any student be transferred to any other student of the same institute.
(d) Where the passengers are members of a marriage party and any person deemed to be Head of such party makes a request in writing 48 hours before the scheduled departure of the train that the reservation made in the name of any member of the marriage party be transferred to any other person.
(e) Where the passengers are a group of cadets of National Cadet Corps and any officer who is the head of the group, makes a request in writing at least 24 hours before the departure of the train that the reservation made in the name of any cadet be transferred to any other cadet.
Such request will be granted only once. Regarding item no. (c), (d) and (e), such request for change in excess of 10% of the total strength of group shall not be granted.
Source : www.indianrail.gov.in
ndia Post plans to launch 1,000 ATMs in next six months, to bring all branches on single technology platform
The state-run postal service is among the 25 applicants that have sought a banking licence from the Reserve Bank of India. Photo: Madhu Kapparath/Mint
Mumbai: India Post is going ahead with the rollout of a nationwide network of automated teller machines (ATMs) and bringing all its branches on a single technology platform, notwithstanding the reservations of the finance ministry and the Planning Commission over its proposal to venture into commercial banking.
The state-run postal service is among the 25 applicants that have sought a banking licence from the Reserve Bank of India (RBI). A four-member panel, headed by former RBI governorBimal Jalan, will scrutinize the applications to pave the way for the entry of a third set of private banks into India’s Rs.81 trillion banking sector in two decades.
India Post will use Infosys Ltd’s Finacle software to cover all post offices under the so-called core banking solution (CBS) over the next 14-18 months. It also plans to launch 1,000 ATMs nationwide in the next six months in the first phase, according to a senior official at the postal department who requested anonymity because he is not authorized to talk to the media.
The CBS process, which would allow India Post customers to access their accounts and perform transactions from any branch of the postal network, has already begun with the Greams Road Post Office in Chennai on a pilot basis. “The idea is to cover all offices as soon as possible,” said the official.
India Post has also begun work to set up 5,000 ATMs in select post offices across the country in two phases. The first two ATMs will come up in T Nagar in Chennai and Gole Dak Khana in Delhi by March, the official said.
As of 31 March, commercial banks in India had an ATM network of 114,014 machines, led by State Bank of India (SBI) with 27,175 ATMs, followed by Axis Bank Ltd (11,245), HDFC Bank Ltd (10,743), ICICI Bank Ltd (10,481) and Punjab National Bank (6,312).
The plan is to issue ATM cards to all savings deposit holders at India Post. As on 31 March, the department was managing Rs.6.05 trillion of deposits, nearly half the deposit base of government-owned SBI, the country’s largest commercial bank, and double that of the largest private sector lender ICICI Bank. Of this, about Rs.2 trillion is under the savings scheme in 280 million accounts.
Out of the total 155,000 post offices, 139,040 are in rural areas. About 6,000 people are covered on average by a post office in rural areas and about 24,000 in urban areas, according to a 2011 estimate by the postal department. Once the ATMs are in place, the post office savings bank account customers will be able to access their deposits through ATMs.
“Like every other aspirant for the banking licence, India Post is building up their capacity for banking services," said Abizer Diwanji, a partner and head of financial services at the consulting firm EY, formerly known as Ernst and Young.
“Building a unified nationwide network for financial services makes sense for the department to develop their financial service offerings, even if they do not get the banking licence,” Diwanji said.
India Post’s plan to venture into commercial banking has been opposed by both the finance ministry and the Planning Commission, which have reservations about the postal service’s ability to take up the role of a bank. The proposal is yet to get funding clearances from the Expenditure Finance Committee. The finance ministry has been opposing the plan arguing that the postal service doesn’t have the expertise needed in relevant areas, such as handling credit.
The Expenditure Finance Committee’s approval is required for proposals involving spending of more than Rs.300 crore and the setting up of new autonomous organizations, regardless of the amount. A new bank needs to have equity of at least Rs.500 crore.
The Planning Commission, too, has reservations on the banking plan, though the panel hasn’t overtly and officially spelled out its stand.
According to people familiar with the development, Montek Singh Ahluwalia, deputy chairman of the Planning Commissions, said in an internal note recently that arguments raised against India Post’s banking plan were strong and the proposal could be a bad idea.
An email sent to Ahluwalia on 3 December did not receive any response.
“There is a strong feeling in RBI that India Post doesn’t have the expertise to manage a bank,” said a financial services expert with a consultancy firm, requesting anonymity.
“While technology and reach are positives for the postal department, their lack of experience in dealing with credit is a big negative,” the expert said.
India Post is keen to set up a commercial bank under the name Post Bank of India, arguing that it can significantly boost financial inclusion in Asia’s third largest economy through its nationwide network of post offices. This will also enable India Post, which posted a loss of Rs.6,346 crore in fiscal year 2012, to make up for business lost over the years to private couriers and email services.
Losses have significantly increased in recent years on account of higher expenses.
While India Post’s banking plan is nearly two-decades-old, the department stepped up efforts towards it in 2006, conducting internal viability studies and seeking the opinion of consultancy firms. The move gathered momentum when RBI unveiled its final licensing norms for new banks in February.
The postal department, which had appointed EY to advise it on the plan, wants to open 300-400 branches after starting the proposed bank, with each branch managing a specific number of postal outlets.
Source : http://www.livemint.com
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