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================ Blog maintained by : P. Radhamohan Nair, Private Secretary to Post Master General, (Retired) Northern Region, Calicut, Kerala Circle=================

Tuesday, November 08, 2016

Grant of Dearness Allowance wef 01.07.2016 - DOP Order




7th Pay Commission: Center Denies Appointing High Level Committee Amid State Forms Pension Revision Committee For Payment Hike



In the ongoing verse on increasing salary payments of central government employees and pensioners, Union Cabinet, today finally made an announcement in denial of appointing a high-level committee concerning seeking pay hike. On the other hand, Haryana government has formed a Pension Revision Committee which will seek the 7th pay commission (CPC) recommendation in detail. It’s been more than 7 months since the Union Cabinet has made the recommendation regarding the 7th CPC.

7th-pay-commission-

Honourable Finance Minister Arun Jaitley clearly stated that the assurance was given to central government employees in terms of increasing minimum pay wages of lower paid category, or contractual employees will not be taken into consideration anymore as the then said the appointment of the high-level committee had been halted. On July 29, the Centre cleared that only 2.57% hike will adhere but still the protest rising from central govt. Employees specifically Coal India Ltd. employees continued to unsettle.


The Union Cabinet, finally, made a statement regarding the matter thus making a full-stop to the desired wages coming from the public. In fact, recently the Dearness Allowance (DA) was increased by 2% to which the employees and pensioners showed disapproval as they demanded a minimum hike of 3 to 4% rather than merely having 2%. Perhaps, the recommendation of the abolition of 51 allowances as well as 37 others out of 196 allowances from the employees was completely against Centre’s will.

Finance Minister taking a hold and halting the entire matter over the minimum pay hike in reference to 7th pay commission, Haryana state government today appointed and formed a Pension Revision Committee where all the probe regarding revised pension scheme as well as minimum hike in pension will be examined. The proposed committee headed by Additional Chief Secretary of Finance, who will see thoroughly into the matter of several segments such as revision of pension, gratuity, family pension, commutation pensions, other related issues for pensioners, pensions for State government employees and so on.

Although, the panel ascertained has invited varied advices from the public too which include suggestion from State government employees, pensioners, scattered Associations and various Unions so that tey may give their reviews as well as recommendations by 30th November, 2016.

As stated the Union Cabinet, the Winter Session in the parliament will begin from 16th of November where prime concerns like GST Bill, 7th pay commission recommendations on several states will be discussed but as of now, the Centre has denied any kind of appointment of high-level committee for payment hikes. The increased and announced salaries is nevertheless 23.5% more than the previous cut-off and that of almost 1 crore employees. The hike is 2.57 times more tha the previous package recommended in the 6th Pay Commission.


Apart from increasing minimum salaries of the civilians it also recommended a minimum hike of salary of Army Personnels along with the para-military forces. In fact, few days back the Centre recommneded a hike in the salary of President as well as various Union cabinet employees. However, the unsettling grievances from the central government employees and pensioners may be concluded as a rise in demand in an undefined anonimity.

Source : http://fabnewz.com

Clarification on forwarding of applications for deputation posts - DoPT Clarification



Clarification on forwarding of applications for deputation posts - reg.

Historic announcements on ending corruption and black money by PM; Five hundred and one thousand rupee notes will no longer be legal tender from midnight tonight





In a historical move that will add record strength in the fight against corruption, black money, money laundering, terrorism and financing of terrorists as well as counterfeit notes, the Government of India has decided that the five hundred and one thousand rupee notes will no longer be legal tender from midnight, 8th November 2016. 

The Government has accepted the recommendations of the RBI to issue Two thousand rupee notes and new notes of Five hundred rupees will also be placed in circulation. 

Notes of one hundred, fifty, twenty, ten, five, two and one rupee will remain legal tender and will remain unaffected by the decision today. 

Prime Minister Shri Narendra Modi made these important announcements during a televised address to the nation on the evening of Tuesday 8th November 2016. He said that these decisions will fully protect the interests of honest and hard-working citizens of India and that those five hundred and one thousand rupee notes hoarded by anti-national and anti-social elements will become worthless pieces of paper. 

The Prime Minister said the steps taken by the Government would strengthen the hands of the common citizens in the fight against corruption, black money and counterfeit notes. 

Fully sensitive to some of the difficulties the common citizens may face in the coming days, the Prime Minister has announced a series of steps that will help overcome the potential problems. 

Persons holding old notes of five hundred or one thousand rupees can deposit these notes in bank or post offices from 10th November onwards till 30th December, the Prime Minister announced. There are also some limits placed on the withdrawals from ATMs and bank for the very short run. 

Shri Modi stated that on humanitarian grounds notes of five hundred and one thousand rupees will be accepted at government hospitals, pharmacies in government hospitals (with prescription of a doctor), booking counters for railway tickets, government buses, airline ticket counters, petrol, diesel and gas stations of PSU oil companies, consumer cooperative stores authorized by the state or central government, milk booths authorized by state government and crematoria, burial grounds. 

Shri Modi emphasized that there is no restriction on any kind of non-cash payments by cheques, demand drafts, debit or credit cards and electronic fund transfer. 

In his address the Prime Minister shared the insight into how the magnitude of cash in circulation is linked to inflation and how the inflation situation is worsened due to the cash deployed through corrupt means. The Prime Minister added that it adversely affects the poor and the neo-middle class people. He cited the example of the problems being faced by the honest citizens while buying houses. 

A time-tested commitment to eradicate black money 

The Prime Minister has time and again said that the Government is committed to ensure that the menace of black money is overcome. Over the past two and a half years of the NDA Government, he has walked the talk and led by example. 

The very first decision of the Prime Minister led NDA government was the formation of a SIT on black money. 

A law was passed in 2015 on disclosure of foreign bank accounts. In August 2016 strict rules were put in place to curtail benami transactions. During the same period a scheme to declare black money was introduced. 

The efforts have borne fruit. Over the past two and a half years, more than Rs. 1.25 lakh crore of black money has been brought into the open. 

Raising the issue of black money at the world stage 

Prime Minister Narendra Modi has time and again raised the issue of black money at the global forum, including at important multilateral summits and in bilateral meetings with leaders. 

Record growth in last two and a half years 

The Prime Minister said that the efforts of the Government have led to India emerging as a bright spot in the global economy. India is a preferred destination for investment and India is also an easier place to do business in. Leading financial agencies have shared their optimism about India’s growth as well. 

Combined with this, Indian enterprise and innovation has received a fillip due to the ‘Make in India’, ‘Start up India’ and ‘Stand up India’ initiatives that seek to celebrate enterprise, innovation and research in India. 

The historic announcements made by the Prime Minister will add value to the already thriving efforts of the Central Government. 

***

AKT/AK 
Source : PIB, Release ID :153403

Rs 500 and 1000 currency demonitised: PM Modi




For 72 hours. Government hospitals will continue to accept old Rs 500 & Rs 1000 notes for payment.




All Banks,Post Offices to remain closed on November 9




Prime Minister Narendra Modi on Tuesday announced that all banks and post offices across the nation will be closed on November 9 for public work. He also announced that ₹500 and ₹1,000 notes will no longer be valid starting midnight on November 8. He further said the notes can be exchanged till December 30., 2016

Rs 500, Rs 1000 notes scrapped: All you need to know and do in next few days



Prime Minister Narendra Modi, in a televised address to the nation on Tuesday, announced that Rs 500 and Rs 1,000 denomination notes are being withdrawn from midnight. He said that such notes will become “mere paper”.

Here’s what you need to know and do in the next few days: 

# All banks will remain closed for public work on November 9. 

# Deposit currently used notes of Rs 500 and Rs 1000 in post office accounts or banks by December 30, 2016. There will be no limit on the deposit amounts. 

# Exchange old notes of Rs 500 and Rs 1000 at any bank, head post office or sub post office by showing ID proof. The limit for this is Rs 4000 upto Nov 24.

# There’ll be a limit on withdrawal of Rs 10,000 per day and Rs 20,000 per week. This limit will be increased in the coming days.

# No restrictions of any kind on non-cash payments by cheques, demand drafts, debit or credit cards and electronic fund transfers. 

# Rs 500 and Rs 1000 will cease to be legal tender from the midnight of November 8, 2016.

# On Nov 9 and in some places on Nov 10, 2016, ATMs will not work. 

# For 72 hours, these places and institutions will continue to accept Rs 500 and Rs 1000 notes for payment: 

--Government hospitals will continue to accept old Rs 500, Rs 1000 notes for payment.

--Railway ticket booking counters, ticket counters of government buses and airline ticket counters at airports will accept old notes for purchase of tickets.

--Petrol, diesel and gas stations authorised by public sector oil companies

--Consumer co-operative stores authorised by state or central government.

--Milk booths authorised by state governments

--Crematoria and burial grounds

Check out RBI notifications for more details.

Sb Order No. 11/2016 : Modification in Public Provident Fund (PPF) Scheme Rules, 2016 regarding premature closure of PPF Account.


SB ORDER NO. 11/2016


F. No. 32-01/2016-SB
Government of India
Ministry of Communication 
Department of Posts
(F.S. Division)
Dak Bhawan, New Delhi
Dated:  04 /11/2016

To

All Heads of Circles
Addl. Director General, APS, New Delhi

         Subject:- Modification in Public Provident Fund (PPF) Scheme Rules,  2016  regarding  premature closure of PPF Account.

Sir/Madam,
            The undersigned is directed to say that vide its O.M No.1/4/2016-NS-II dated 20thJune,2016, Govt. of India, Ministry Of Finance, Department of economic Affairs (Budget Division) has notified the amendment to the Public Provident Fund Scheme, Rules 1968 as per the notification dated 18.06.2016 (Copy enclosed).

02.       As a result of this amendment, a subscriber shall be allowed premature closure of his account or the account of a minor of whom he/she is the guardian, on a written application to the Account Office, on any one of the following grounds:-

(i)         the amount is required for the treatment of serious ailments or life threatening disease to the account holder, spouse or dependent children or parents, on production of supporting documents from competent authority;

(ii)        the amount is required for higher education of the account holder or the minor account holder, on production of documents and fee bill in confirmation of admission in a recognized institute of higher education in India or abroad:

03.       However, such premature closure shall be allowed only after the account has completed five financial years and such premature closure shall be subject to deduction of such amount which shall be equivalent to one percent less interest on the interest rates as applicable from time to time in the table payable on the deposits held in the account from the date of opening of the account till the date of such premature closure. This calculation has to be done in accordance with the sample calculation as shown in the table attached in the notification dated 18.06.2016. Post offices should follow the following procedure while handling such cases:-

(a) All requests for premature closure of PPF Account supported by Medical Certificate from SMO or CMO of a Government Hospital/Dispensary/Health Centre (in case of Para 02(i) above) and Admission Letter as well as Fee Bill from a recognized Education Institute in India or abroad (in case of Para 02(ii) above) along with Passbook, should be sent to Divisional Head by post offices after verification of PPF Account details with the CBS system on the application of premature closure. In case account stands at SO, SPM will also take Account Closure Form (in duplicate) from the subscriber and send one copy to Divisional Office along with other documents. Second copy of Account Closure Form should be retained.

(b) Divisional Head, after satisfying the genuineness of the documents, should issue sanction, for premature closure of account and original documents along with Passbook should be sent to Head Postmaster of the HPO concerned.

(c) Head Postmaster should get the recalculation of interest done from SBCO (till software is amended) and close the account as Exceptional Closure in Finacle CBS Application and closure proceed should be credited into office account 0340. All such payments should be made only by crossed Cheque for the amount calculated by SBCO (not as shown by Finacle). Closure Amount calculated by SBCO (after re-calculation of interest) should be accounted in HPO LOT and Consolidation after manual correction for which entry in HO Error Book should be made. Copy of error entry should be attached with closure voucher. Sanction of Divisional Head and supporting documents should also be attached to the account closure voucher.

(d) In case account stands at any SO, HPO should first transfer the account from SO to HPO, close the account as mentioned above. Particulars of payment for which cheque is issued as mentioned in Para(c) above, should be mentioned on the Account Closure Form (already received from SO through Divisional Office) by HPO. This amount should be accounted in HPO itself as it would appear in LOT and Consolidation of HPO.

(e) HPO should send cheque to SO duly entered in SO Slip and SO, on receipt of cheque, will handover the cheque to the depositor after taking receipt on the Account Closure Form retained by SO as mentioned in para 3(a) above.  This Account Closure Form shall be sent to HPO for onward transfer to SBCO. SBCO will attach this Account Closure Form with the copy of Account Closure Form received from HPO.

04.       This may kindly be circulated to all CBS and   non-CBS Post Offices for information and necessary guidance for staff and customers. Post Offices on Sanchaya Post will close the account by using the option Claim Closure and follow the rest of the procedure as mentioned for CBS Offices.

05.       This issues with approval of competent authority.  

                                                                                                            (Babu Lal Barolia)
Assistant  Director (SB-II)
Copy to:- 
All




Reserve Bank of India (RBI) Recruitment for 610 Assistant Posts 2016



Posts : Assistant

Total No. of Posts
 : 610 Posts

Educational Qualification
 :



  • At least a Bachelor’s Degree in any discipline with a minimum of 50% marks (pass class for SC/ST/PWD candidates) in the aggregate and the knowledge of word processing on PC.
  • A candidate belonging to Ex-servicemen category (except dependents of ex-servicemen) should either be a graduate from a recognized University or should have passed the matriculation or its equivalent examination of the Armed Forces and rendered at least 15 years of defence service.
  • Candidates applying for the post in a particular recruiting office should be proficient in the language (i.e. know to read, write, speak and understand the language) of the state/ any of the states falling under the recruiting office.

Age Limit : (as on 07.11.2016)

Between 20 and 28 years. Candidates must have been born not earlier than 08/11/1988 and not later than 07/11/1996 (both days including) are only eligible to apply.

Selection Process :
a. Preliminary Examination:
Sr. No.
Name of Tests (Objective)
No. of Questions
Maximum Marks
Total Time
1
English Language
30
30
Composite time of 1 Hour
2
Numerical Ability
35
35
3
Reasoning Ability
35
35
Total
100
100
b. Main Examination:
Sr. No.
Name of Tests (Objective)
No of Questions
Maximum Marks
Total Time
1
Test of Reasoning
40
40
Composite time of
2 Hours
2
Test of English Language
40
40
3
Test of Numerical Ability
40
40
4
Test of General Awareness
40
40
5
Test of Computer Knowledge
40
40
Total
200
200
c. Interview: 35 Marks

How to Apply :
 Interested Candidates may Apply Online Through official Website.

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Apply Online : Click Here

Important Dates :
Website Link Open
07.11.2016 to 28.11.2016
Payment of Examination Fees (Online)
07.11.2016 to 28.11.2016
Schedule of Online Preliminary Test (Tentative)
December 23 & 24, 2016. However, RBI reserves the right to change the dates of examination.
Schedule of Online Main Test (Tentative)
January 2017. However, RBI reserves the right to change the dates of examination.

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




Source : http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/NIC.pdf

Tamilnadu Govt enhanced Maternity Leave into 9 Months - TN GO (Ms) No 105 Dated 07/11/2016