KAVALIPOST

Wednesday, 11 November 2015

Appointment of Secretary to Gramina Dak Sevak Committee

Dept of Posts has constituted Gramina Dak Sewak Committee to go through the issues relating to Gramina Dak Sewaks and submit a report to Department. Now the Postal Directorate has appointed Sri T.Q.Mohammad (IPoS 1994), PMG, Agra region UP Circle as Secretary of the said Gramina Dak Sewak Committee vide Order dated 09.11.2015.
Click here to view the Postal Directorate order dated 09.11.2015.
 
 
NJCA
National Joint Council of Action
4, State Entry Road, New Delhi – 110055
No. NJCA/2015                                                                             November 10, 2015
All Members of NJCA
 Sub:-   Observance of All India protest day on 19th November 2015
Dear Comrade,
            All of you may recall that the NJCA in its meeting held on 30th September 2015 in Delhi after considering the delay in submission of the report of the 7th CPC as also broadly taking stock the speculating and detail deliberations, unanimously decided to defer the proposed Indefinite  General Strike of the Central Government Employees till next Budget Session and symmetrically it was also resolve to observe 19th November 2015 as Joint Nation wise protest day to all the country to press upon the Government of India to resolve the long pending
legitimate demands of all the Government Employees.
            All of you are therefore accordingly requested to take all necessary steps to jointly observe protest day on 19th November 2015. As per decision taken by the NJCA in the said meeting the member of the NJCA shall stage one day Dharna at Jantar Mantar in New Delhi on the said day.
Charter of Demands
1.         Effect wage revision of Central Government employees from 1.12014 accepting the memorandum of the staff side JCM; ensure 5-year wage revision in future; grant interim relief and merger of 100% of DA. Ensure submission of the 7th CPC report with the stipulated time frame of 18 months; include Grameen Dak Sewaks within the ambit of the 7th CPC. Settle all anomalies of the 6th CPC.
2.         No privatisation, PPP or FDI in Railways and Defence Establishments and no corporatisation of postal services;
3.         No Ban on recruitment/creation of post.
4.         Scrap PFRDA Act and re-introduce the defined benefit statutory
pension scheme.
5.         No outsourcing; contractorisation, privatization of governmental functions; withdraw the proposed move to close down the Printing Presses; the publication, form store and stationery departments and Medical Stores Depots; regularise the existing daily rated/casual and contract workers and absorption of trained apprentices;
6.         Revive the JCM functioning at all levels as an effective negotiating forum for settlement of the demands of the CGEs.
7.         Remove the arbitrary ceiling on compassionate appointments.
8.         No labour reforms which are inimical to the interest of the workers.
9.         Remove the Bonus ceiling;
10.       Ensure five promotions in the service career.
Report of the protest may be forwarded to this office accordingly.
With best wishes for Diwali, Chat, Bhai Duj and Guru Parv.
Comradely yours,
(Shiva Gopal Mishra)
Convener

   
 

7th Pay Commission report – estimated pay scales and multiplication factor





7th Pay Commission Pay Scales and 7th CPC Pay Calculator – Revisit by GConnect


After taking in to account the expected DA of 125% from January 2016,  esimated 7th Pay CommissionPay Scales, 7th CPC pay and 7CPC Grade Pay as follows:
7th Pay Commission Pay Scales, and 7th CPC payUsing the multiplication factor of 2.25
7th Pay Commission Grade PayBy Providing 40% fitment Benefit

7th Pay Commission Pay Scales and Fitment Benefit (7th CPC Grade Pay Structure)



PB6 CPCPay bands7th CPC Pay Band6th CPC GradePay7th CPCGradePay6CPC Minimum Basic pay7CPC Minimum Basic pay
15200-2020013880-4748018007380700021240
15200-2020014010-4761019007540710021520
15200-2020014130-4773020007680720021790
15200-2020014630-4823024008280760022890
15200-2020015120-4872028008880800023970
29300-3480026040-831604200146801350040660
29300-3480026540-836604600152801390041760
29300-3480026790-839104800155801410042310
29300-3480027530-846505400164801470043950
315600-3910041640-942505400221402100063700
315600-3910043130-957706600239402220066990
315600-3910044370-970107600254402320069720
437400-6700094570-16087087004672046100141100
437400-6700094820-16112089004702046300141650
437400-6700096180-162480100004866047400144660
437400-6700098660-164960120005166049400150130

Meanwhile, we have also made a comparison of 7th Pay Commission Pay estimated by GConnect by adopting 6th CPC methods and 7CPC Pay proposed by National Council, Staff Side JCM and Confederation of Central Government Employees and Workers.
In this comparison, we have arrived at the Net increase in pay out of 7CPC Pay for employees in each grade pay which is calculated on the basis of present 6CPC pay along with DA as on January 2016 (125%).
This increase in Percentage has been calculated for 7th Pay Commission Pay estimated by GConnect and also for 7th CPC Pay proposed by JCM Seperately.
Present PB and GP6CPC Minimum Basic pay7th PayCommissionPay estimated by GConnectJCM / Confederation proposed 7CPC Basic Pay% increase in 7cpc pay estimated by GConnect% increase in 7cpc pay as proposed by JCM
PB-1 GP 18007000212402600035%65%
PB-1 GP 19007100215203100035%94%
PB-1 GP 20007200217903300035%104%
PB-1 GP 24007600228904100034%140%
PB-1 GP 28008000239704600033%156%
PB-2 GP 420013500406605600034%84%
PB-2 GP 4600 
 417606600034%111%
PB-2 GP 480014100423107400033%133%
PB-2 GP 540014700439507800033%136%
PB-3 GP 540021000637008800035%86%
PB-3 GP 6600222006699010200034%104%
PB-3 GP 7600232006972012000034%130%
PB-4 GP 87004610014110013900036%34%
PB-4 GP 89004630014165014800036%42%
PB-4 GP 100004740014466016200036%52%
PB-4 GP 120004940015013019300035%74%

   

 
 

Expected DA Jan 2016 in 7th Central Pay Commission

Expected DA Jan 2016 – Gets carefully scrutinized by the 7th Central Pay Commission: 90paisa Article
“This time, it is not just the employees, but the members of the 7th Pay Commission too who are very eager to know about the Dearness Allowance from January 2016. “
‘Expected DA January 2016‘ has the honour of making not just the Central Government employees and pensioners curious; it has even got the 7th Pay Commission on the list of eagerly waiting audience.
It is a well-known fact that Central Government employees love to read all kinds of information, analyses, orders, and predictions about the Dearness Allowance. Here are our fact- and trend-based predictions for the additional Dearness Allowance which will be announced from 01.01.2016.


Calculation of DA : The Government of India presently calculates the level of inflation for purposes of grant of dearness allowance to Central Government Employees on the basis of the All India Consumer Price index Number for Industrial Workers (2001=100) (AICPI). The twelve monthly average of the AICPI (2001 base) as on 1st January and 1st July of each year is used for calculating the Dearness Allowance (DA).
Each month, the Central Government’s Labour Bureau releases price-related data called the CPI (IW) on Base Year 2001=100. 78 important cities and towns from all over the country were selected and the fluctuations in prices of essential commodities in all these places are noted. Based on these data, the points, abbreviated as AICPIN, are calculated. The Pay Commission will, in its report, explain in detail how the DA is calculated based on these statistics, known as the ‘DA Determination Formula.’
The Dearness Allowance of not just the Central Government employees, but also the state government employees, is being paid as per the method prescribed by the 6th Pay Commission. The DA calculation method was implemented from January 2006 and will continue to be in effect for ten years, until December 2015. This DA determination method comes to an end now due to the constitution of the 7th Pay Commission.
Implementation of 7th CPC : The 7th Pay Commission is expected to submit its recommendations to the government before December 2015. Its recommendations are expected to be implemented from January 2016 onwards.
Dearness Allowance after 1.1.2016 : After 01.01.2016, Dearness Allowance will be issued based on the prices of essential commodities, as per the method recommended by the 7th Pay Commission. For example, the 6th Pay Commission’s recommendations were implemented from January 2006 onwards. The DA for the months of January 2006 to June 2006 was not paid. DA was issued only from the month of June 2006.
DA Calculation Method of the 7th Pay Commission : Successive Pay Commissions have made changes to the DA formula, suggesting their own methodology for determining the quantum and frequency. The 7th Pay Commission will also expected to recommend a different methodology to determine the DA.
One cannot say for sure that the 7th Pay Commission will follow the method that was recommended by the 6th Pay Commission. It could modify the current CPI(IW) BY 2001-100 statistics index. It could also change the current “Linking Factor 115.76” method. It is difficult to predict how these factors would differ in the recommendations of the 7th Pay Commission report.

Posted by at 9:32 PM 0 comments

FAQ : ALL ABOUT SOVEREIGN GOLD BOND

Sovereign Gold Bond Scheme 2015


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/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/Post Offices/agents.

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 two grams 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 hold the bond if they satisfy the eligibility criteria as defined at Q No.4.

11. Can I buy 500 grams worth of SGB every v 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. Is the limit of 500 grams of gold applicable if I buy on the Exchanges?

The limit of 500 grams per financial year is applicable even if the bond is bought on the exchanges.

13 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 semiannually to the bank account of the investor and the last interest will be payable on maturity along with the principal.

14. Who are the authorized agencies selling the SGBs?

Bonds are sold through scheduled commercial banks and designated Post Offices either directly or through their agents like NBFCs, NSC agents, etc.

15 Is it necessary for me to apply through my bank?

It is not necessary for the customer to apply through the bank where he/she has his/ her account. A customer can apply through another bank or Post Office.

16. 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.

17. 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/Post Offices/agents or obtained directly from RBI on email, if email address is provided in the application form.

18. Can I apply online?

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

19. 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

20. 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.

21. 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 simple average of previous week’s (Monday-Friday) price of closing gold price for 999 purity published by the IBJA.

22. 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.

23. 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/PO promptly.

24. 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.

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

In case of premature redemption, investors can approach the concerned bank/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.

26. 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.

27. 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 same as applicable to ordinary gold loan mandated by the RBI from time to time.

28. 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). Capital gains tax treatment will be the same as that for physical gold.

29. 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.

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

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

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

Payment can be made through cash/cheques/demand draft/electronic fund transfer.

32. 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.

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

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

34. 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.

35. Can I get the bonds in demat form?

The bonds can be held in demat account.

36. Can I trade these bonds?

The bonds are tradable on stock exchanges from the date to be notified by RBI. The bonds can also be sold and transferred as per provisions of Government Securities Act.

37. 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.
 
 

All budgetary announcements fulfilled by Railway: Suresh Prabhu



MUMBAI: Claiming that all budgetary announcements made in the Railway Budget this year have been fulfilled, Railway Minister Suresh Prabhu today listed a slew of projects currently in the pipeline for the country’s biggest employer.
Addressing a gathering of public representatives and railway staffers at Borivali train station here, Prabhu said, “Earlier, only announcements were being made. But I made 103 budgetary announcements in our first full-fledged budget this year and I am happy to tell you that we have fulfilled all of them.”
“Since I took over as Railway Minister, we have upgraded the website of IRCTC, launched paperless ticketing, allowed hygienic and cheaper water at stations, allowed private caterers in running trains, (undertaken) cleaning of toilets and railway premises, mechanised washing of linen, (initiated) changing the internal design of coaches, expanded the railway network, etc,” the minister said.
He was in the city to inaugurate a new Foot Over Bridge (FOB) and escalator at Borivali station. He also performed ‘bhoomi pujan’ of a proposed deck at Borivali.
“We have selected 400 major stations across the country to be developed on Public-Private Partnership (PPP) model that would have facilities such as double decker entry-exit and food courts, like the airports,” he said.
“Proposal for Mumbai Urban Transport Project-3 (MUTP-3), in which we are slated to invest a mammoth (sum of) Rs 10,000 crore and which would include elevated corridor on PPP model, has been sent to Niti Aayog for final approval,” Prabhu said.
Referring to the Memorandum of Understanding (MoU) signed between the Railway Ministry and Maharashtra government to create a Special Purpose Vehicle (SPV), the minister said the Centre, with active help of the state government, is committed to ease the hardships of the commuters.
“With the contribution of the state government, we can invest up to Rs 70,000-80,000 crore by setting up a joint company that would give the commuters a big respite,” he said.
Prabhu also said that work on integrated transport system is underway.
“I have asked the senior officers of the both Central Railway (CR) and Western Railway (WR) to chalk out an action plan for Mumbai by the end of November to ease the hardships of Mumbaikars,” he said.
The minister also advocated increasing working hours of the (railway) employees in order to solve the peak hour problems.
“Normally from 8 AM to 10 AM and in the evening also, commuters face peak hour troubles. If we increase the office hours, it would have an immediate impact on the ease of commute,” he said, adding that he has written to the state government on the same.
 
 

RBI Governor Raghuram Rajan first Indian to be appointed BIS Vice Chairman


“And, I think it’s a problem for the world. It’s not just a problem for the industrial countries or emerging markets, now it’s a broader game.’’

MUMBAI: Raghuram Rajan, the governor of the Reserve Bank of India, became the first Indian to be elected the vice-chairman of the Bank for International Settlements, the bank for global central banks which works to improve the financial stability and prescribes rules for banks across the globe. The 52-year-old Rajan who has been critical of central banks of the West for their excessive printing of money to bring back growth, would assist Jens Weidmann, chairman of BIS, who is also the head of Bundesbank, the German banking regulator. 

"Raghuram Rajan was elected as the vice-chairman, the board of directors of the Bank for International Settlements (BIS), at its meeting in Basel held on Monday for a period of three years from November 10, 2015," the RBI said in a release on its website. 
Rajan, a former chief economist at the International Monetary Fund, saw his stature as an economist get a boost when he warned of the dangers of risks building up in the system in a symposium in 2005. He was prescient. The global financial markets were hobbled during the credit crisis. Indeed, he criticises western central banks for their easy monetary policies, which may lead to next crisis. "I do worry that we are slowly slipping into the kind of problems that we had in the thirties in attempts to activate growth," Rajan told an audience at the London Business School in June. 
"And, I think it's a problem for the world. It's not just a problem for the industrial countries or emerging markets, now it's a broader game.'' 
As the vice-chairman of BIS, he could attempt to influence rule making better than as a member. BIS, established in 1930 in Basel, Switzerland, is an international organisation consisting of central banks and monetary authorities of various countries. It was created through an international treaty (The Hague Agreements of 1930). Rajan who took over as the RBI governor in September 2013, joined the BIS board in December 2013. His current term as RBI governor ends next year. 
"The board is responsible for determining the strategic and policy direction of the BIS, supervising BIS Management, and fulfilling the specific tasks given to it by the Bank's Statutes. It meets at least six times a year," BIS said on its website.

 
 
 

Military veterans return medals to protest OROP notification

Chandigarh, November 10, 2015
 
Military veterans returned their war and other medals at various places in Haryana and Punjab on Tuesday to register their protest against the “diluted” notification of the One Rank One Pension scheme.
 
In Panchkula near Chandigarh, the veterans returned their medals to the Panchkula deputy commissioner to protest against the OROP notification issued by the central government.
 
There were reports of veterans returning their medals in Jalandhar, Amritsar, Patiala in Punjab and Rohtak, Hisar and Ambala in Haryana.
 
The veterans said that they had rejected the OROP notified by the Narendra Modi government.
 
The defence veterans said that they will observe a ‘Black Diwali’ this time to protest against the Modi government going back on its assurances.
Source : http://www.thehindu.com/
 
 
 

Government plans tax benefits for house owners, tenants


In a move to push rental housing in urban areas to meet the growing need of migrant population on the lines of other countries, the government has proposed to give both direct and indirect tax relief to house owners and tenants as well by Centre, states and local governments.
The draft Rental Housing Policy has proposed this based on the fact that renting of homes is treated as a "commercial" activity which increases property tax for individuals and service taxes for institutional rental housing operators such hostels/ PGs and dormitories wherein electricity and utility rates are calculated at par with commercial properties and thereby reducing the rental yield. "Higher outflow due to commercial treatment deters the growth of rental housing," the report says, which has been circulated to states for their feedback.
The report also mentions that the Income Tax Act provides exemption of tax deduction for house rent allowance (HRA) for an employee, which is around 40% on the basic salary. "It is estimated that the urban poor might be paying monthly 30% of their income as house rent without any incentives. The share is much higher in the case of people with less salary in comparison to those who are better paid," a ministry official said.
Arguing for putting in place a robust Rental Housing Policy, the document has suggested different "need based rental housing" models to address diverse housing needs for various segments of the population such as students, working men/ women, construction workers and migrants. These can be owned by individuals, private players, companies and government.
For example, it says that providing housing-to-all on ownership basis is difficult or may not be feasible despite the fact that for governments at Centre affordable housing has been a priority area. Even after taking several initiatives such as subsidies for housing loans and tax concessions the poor cannot afford to own a house due to low disposable and irregular income. And hence there is need to have a separate model for this group.
Considering the fact that poor and those with little income may not be able to pay rent, the policy recommends that states or urban local bodies can incentivize poor owners and tenants through subsidies and tax incentives or rental vouchers. The vouchers provided to urban poor can be used to top up the rent they are paying to move into a habitable space.
The draft policy also highlights that while there is huge housing shortage in urban areas, there are massive stocks of vacant houses. According to the 2011 Census, 11.09 million houses are vacant in urban areas. "While exact reasons for the vacant properties are hard to ascertain it is felt that low rental yield, fear of repossession, lack of incentives etc. are the possible reasons. If these vacant houses are made available for rental housing, then some, if not most of the urban housing shortage, could be addressed."

The policy suggests to states to recognize that many urban households live in rental and shared housing, and hence they should consider renting to be one of the various ways to improve housing condition. Some of the recommendations include estimating the number of rental households and landlords, setting up of a cheap arbitration and conciliation service for landlords and tenants that works quickly and facilitate online registration of rental properties, property dealers working in informal sector, grievance redressal system. 
 
 
 

SERVICE TAX FOR SWACHH BHARAT CESS @ 0.5% w.e.f 15th Nov 2015 ON ALL TAXABLE SERVICES




 

Waivel of RD Default Fee for Oct.2015 in respect of RD Accounts attached to MPKBY Agents and PRSG Leaders in CBS Offices

A copy of the Postal Directorate Email on the above subject matter is reproduced below.


Copy of Directorate's eMail

Respected Sir/Madam

 

I am directed to inform that due to problems in accessing Agent Portal, many MPKBY Agents and PRSG Leaders could not prepare their RD LOTs in the portal from last week of Oct. 2015. Relaxations were given to accept their LOTs in the EXCEL sheet for regular deposits and at the counter through CRDP menu for default/rebate/POSB cases on 30th and 31st Oct. 2015.

 

This office is receiving representations and references for waiving off the default fee for Oct.2015 for those accounts which the agents still not able to present up to 31st Oct. of Post Offices were not able to accept business through EXCEL sheet or at the counter due to paucity of time.

 

It has been decided by the competent authority that CBS Post Offices may waive default fee in such genuine cases. For this, CBS Post Office has to take following action:-

 

1. Write Error Book mentioning name and agency number of the agent and amount of default fee not taken.

 

2. Since, Finacle will charge default fee, the amount to be waived should be noted at the end of the RD Consolidation and only RD Default fee collected at the counter (from general public) should be entered in the SB Cash/CSI System (in Mysore Division only).

 

3. Copy of agent list of such accounts should be kept in a guard file. (list should have Date, Agent ID, Account number, Default fee waived)

 

This process can be followed till all the agents are able to deposit their funds for the month of Oct. 2015. For any account being presented or included in the list where system is calculating default fee for Nov. 2015 default fee should not be waived.

 

Regards,

 

(Kawal Jit Singh)

Assistant Director (SB-II)
Postal Directorate
New Delhi

Contact No. 011-23036224, 011-23036224, 011-23096108, 011-23096108,

Mob:- 09899998054, 09899998054 

 
 
 

One Rank One Pension (OROP) to the Defence Forces Personnel - MoD orders published on 7.11.2015

One Rank One Pension (OROP) to the Defence Forces Personnel - MoD orders published on 7.11.2015

12(1)/2014/D(Pen/Pol)-Part-II
Government of India
Ministry of Defence
Department of Ex-Servicemen Welfare
New Delhi Dated 7th Nov 2015
To
The Chief of the Army Staff
The Chief of the Naval Staff
The Chief of Air Staff

Subject: One Rank One Pension (OROP) to the Defence Forces Personnel

In view of the need of the Defence Forces to maintain physical fitness, efficiency and effectiveness, as per the extant Rules, Defence Service personnel retire at an early age compared to other wings in the Government. Sepoy in Army and equivalent rank in Navy & Air Force retire after 17/19 years of engagement/service and officers retire before attaining the age of 60 years i.e. the normal age of retirement in the Government. Considering these exceptional service conditions and in the interest of ever vigilant Defence Forces, the pensionary benefits of Ex-Servicemen have accordingly, over time, been fixed.


2. It has now been decided to implement “One Rank One Pension” (OROP) for the Ex-Servicemen with effect from 1.07.2014. OROP implies that uniform pension be paid to the Defence Forces Personnel retiring in the same rank with the same length of service, regardless of their date of retirement, which, implies bridging the gap between the rates of pension of current and past pensioners at periodic intervals.

3. Salient features of the OROP are as follows:

i. To begin with, pension of the past pensioners would be re-fixed on the basis of pension of retirees of calendar year 2013 and the benefit will be effective with effect from 1.7.2014.

ii. Pension will be re-fixed for all pensioners on the basis of the average of minimum and maximum pension of personnel retired in 2013 in the same rank and with the same length of service.

iii. Pension for those drawing above the average shall be protected.

iv. Arrears will be paid in four equal half yearly instalments. However, all the family pensioners including those in receipt of Special/Liberalized family pension and Gallantry award winners shall be paid arrears in one instalment.

v. In future, the pension would be re-fixed every 5 years.

4. Personnel who opt to get discharged henceforth on their own request under Rule 13(3)1(i)(b),13(3)1(iv) or Rule 168 of the Army Rule 1954 or equivalent Navy or Air Force Rules will not be entitled to the benefits of OROP. It will be effective prospectively.

5. The Govt. has decided to appoint a Judicial Committee to look into anomalies, if any, arising out of implementation of OROP. The Judicial Committee will submit its report in six months.

6. Detailed instructions relating to implementation of OROP along with tables indicating revised pension for each rank and each category, shall be issued separately for updation of pension and payment of arrears directly by Pension Disbursing Agencies.

7. This issues with concurrence of Finance Division of this Ministry vide their ID No. MoD (Fin/Pension) lD No.PC to10(11)/2012/Fin/Pen dated 07 November 2015.

8. Hindi version will follow.

sd/-
(K. Damayanthi)
Joint Secretary to the Govt. of India


Authority : http://www.desw.gov.in/
 
 
 
 

Transfers and Postings in HSG-II Cadre in Vijayawada Region

R.O, Vijayawada has ordered the following Transfers / Postings to  HSG-II Cadre officials vide memo no ST-I/12-1/2015 dated 06.11.2015.

 
 
Posted by at No comments:
Subscribe to: Posts (Atom)