The Interest rates for Deposits is again lowered by 0.1% from 1st July 17

ஜூலை முதல் வட்டி விகிதம் மீண்டும் 0.1% குறைப்பு

Saturday, 31 January 2015

டிசம்பர் வரை 6 % DA சதவிகிதம் உயர்வு.

Consumer Price Index for Industrial Workers for December 2014

Consumer Price Index for Industrial Workers for December 2014 released by Labour Bureau
DATED: the 30th January, 2015
Press Release
Consumer Price Index for Industrial Workers (CPI-IW) – December, 2014
The All-India CPI-IW for December, 2014 remained stationary at 253 (two hundred and fifty three). On 1-month percentage change, it remained static between November, 2014 and December, 2014 when compared with the decrease of (-) 1.65 per cent between the same two months a year ago.
The largest downward pressure to the change in current index came from Food group contributing (-) 1.09 percentage points to the total change. At item level, Coconut Oil, Poultry (Chicken), Chillies Green, Ginger, Onion, Vegetable & Fruit items, Sugar, Petrol, etc. are responsible for the decrease in index. However, this decrease was restricted to some extent by Rice, Wheat, Wheat Atta, Arhar Dal, Masur Dal, Moong Dal, Mustard Oil, Fish Fresh,. Goat Meat, Eggs (Hen), Dairy Milk, Milk (Cow & Buffalo), Tea (Readymade), Cigarette, Electricity Charges, Firewood, E.S.I. Contribution, Cable Charges, Private Tuition Fee, Taxi Fare, Barber Charges, Flower/Flower Garlands, etc., putting upward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 5.86 per cent for December, 2014 as compared to 4.12 per cent for the previous month and 9.13 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.73 per cent against 2.56 per cent of the previous month and 11.49 per cent during the corresponding month of the previous year.
At centre level, Kodarma reported a maximum decrease of 12 points followed by Ranchi Hatia (7 points), Tripura (6 points) and Varanasi & Agra (5 points each). Among others, 4 points fall was observed in 5 centres, 3 points in 4 centres, 2 points in 18 centres and 1 point in 16 centres. On the contrary, Bhilwara & Tiruchirapally recorded maximum increase of 5 points each followed by Mumbai & Puduchery (3 points each). Among others, 2 points rise was registered in 5 centres and 1 point in 9 centres. Rest of the 12 centres’ indices remained stationary.
The indices of 38 centres are below and other 39 centres’ indices are above national average. The index of Varanasi centre remained at par with all-India index.
The next index of CPI-IW for the month of January, 2015 will be released on Friday, 27 February, 2015. The same will also be available on the office website

Sukanya Samriddhi Account / Yojana

Sukanya Samriddhi Account/Yojana is a Small Savings Special deposit Scheme for girl child. 
This scheme is specially designed for girl’s higher education or marriage needs.

Highest fetching interest scheme across all schemes.

The Scheme launched for the welfare of the girl child, to save and educate the girl child.

·           Who can open the account? – Sukanya Samriddhi a/c (or Khata) can be opened on a girl child’s name by her natural (biological) parents or legal guardian.
·           What is the Age limit? – SSA can be opened in the name of a girl child from the birth of the girl child till she attains the age of ten years. (In this year only, Age limit is relaxed to 11 Years)
·           How many accounts can be opened? – A depositor may open and operate only one account in the name of same girl child under this scheme. The depositor (or) guardian can open only two SSA accounts. There is one exception to this rule. The natural or legal guardian can open two or three accounts if twin girls are born as second birth or triplets are born in the first birth itself.
·           How to open a SSA account? Accounts in name of the girl child can be opened in post offices or in any branch of a commercial bank that is authorized by the Central Government to open an account under this scheme rules.
·          What is the minimum deposit to open the account? – The account may be opened with an initial deposit of one thousand rupees. The minimum contribution in any financial year is Rs 1000. Thereafter the contributions can in multiples of one hundred rupees.
·          What is the maximum deposit amount? – a minimum of one thousand rupees shall be deposited in a financial year but the total money deposited in an account on a single occasion or on multiple occasions shall not exceed Rs 1.5 Lakh in a financial year.
·          Deposits in an account may be made till the child completes fourteen years, from the date of opening of the account.
·           Is there any penalty? – If minimum (Rs 1000 pa) amount is not deposited, the account will be treated as an irregular account. This can be regularized/renewed on payment of Rs 50 per year as penalty. Along with this, the minimum specified subscription for the year (s) of default should be paid.
·          What is the mode of deposit? – The deposits in Sukanya Samruddhi scheme can be made in the form of Cash or Demand Draft or Cheque. Where deposit is made by cheque or demand draft, the date of encashment of the cheque or demand draft shall be the date of credit to the account. The cheque or DD should be drawn in favour of the postmaster of the concerned post office or the Manager of the concerned bank.The depositor (parents or guardian) has to write the account holder’s name (child’s name) and the account number on the backside of the instrument.
·          What is the Rate of Interest on Sukanya Samriddhi Account? – The applicable rate of interest on SSA for the financial year 2014-2015 is 9.1%. This is one of the highest rates of interest offered by Government on small savings scheme
·          Is interest rate fixed or variable? – The rate of interest is not fixed and will be notified by the central government on a yearly basis.
·           The account can be transferred anywhere in India if the girl shifts to a place other than the city or locality where the account stands.
·            Is Premature withdrawal allowed? – 50 % (half of the fund) of the accumulated amount in SSA can be withdrawn for girl’s higher education and marriage after she attains 18 years of age. The account’s balance at the end of preceding financial year is used for the calculation.
·           Can the girl child operate the account? On attaining age of ten years, the account holder that is the girl child may herself operate the account, however, deposit in the account may be made by the guardian or parents.
·          Is premature closure allowed? In the event of death of the account holder, the account shall be closed immediately on production of death certificate. the balance at the credit of the account shall be paid along with interest till the month preceding the month of premature closure of the account , to the guardian of the account holder.
·         The scheme would mature on completion of 21 years of the girl child, from the date of opening of the account, with an option of keeping the account till marriage.
·           Can the girl child continue the account after her marriage? – The operation of the account shall not be permitted beyond the date of the girl’s marriage.
·            What are the required documents to open Sukanya Samriddhi Account? – Birth certificate of the girl child has to be produced. The depositor (parents or guardian) has to submit his/her identity and address proofs.
·          On opening an account, the depositor shall be given a pass book. It will have date of birth of the girl child, date of opening of account, account number, name and address of the account holder and the initial amount deposited. The depositor has to present the passbook to the post office or bank at the time of depositing/receiving the interest/on maturity.

Tax Benefits on Sukanya Samriddhi Account Scheme

The amount that is deposited under Sukanya Samriddhi Account will be eligible for income tax exemption under Section 80C of Income Tax Act, 1961.
At present, only the contribution of up to Rs 1.5 lakh toward Sukanya Samridhi Yojana is eligible for tax deduction under Section 80C. But discussions are on to also exempt the interest income and withdrawal amount. We can expect a formal announcement on this in the coming Union Budget 2015-16.

(Issue of making interest income and withdrawal exempt from taxation can be done by Department of Revenue (DoR) through legislative amendments. The matter is under examination of DoR)

Postal Stamp on Swachh Bharat released.

The Union Minister for Urban Development, Housing and Urban Poverty Alleviation and Parliamentary Affairs,
Shri M. Venkaiah Naidu along with the Union Minister for Communications & Information Technology,
Shri Ravi Shankar Prasad and the Union Minister for Rural Development, Panchayati Raj, Drinking Water and Sanitation, 
Shri Chaudhary Birender Singh releasing the Postal Stamp on ‘Swachh Bharat’, in New Delhi on January 30, 2015.

Friday, 30 January 2015

Flash News

1)Model calendar for the Departmental Promotion Committees (DPCs)



3) World Employment and Social outlook
Click here to view details

Thursday, 29 January 2015

The Monthly Interview with Divisional Head.

           The Monthly Meeting of Jan 2015 with the Divisional Head will be held on today (30.01.2015) at 1100 Hrs. In this Meeting, Shri.S.A.Rama Subramanian, Divisional Secretary P3, Shri.P.Subramanian Divisional President and Shri.P.Muthusamy, Branch Secretary, Ambai will attend as P3 representatives. Shri A.Kalidasan, Divisional President, Shri.Ramalingam and Shri.Avudaiappan, Br Secretary, Ambai will attend as P4 representatives.

Agenda Item for the meeting to be held on 05/02/2015

Government of India
Ministry of Communications & IT
Department of Posts
(SR Division)
Dak Bhavan, Sansad Marg
New Delhi, dated the 28th January, 2015
Secretary General
Secretary General
Subject:  Discussions on the remaining items of Charter of Demands of PJCA on 05/02/2015 at 1100 hrs. in Dak Bhavan, under the Chairpersonship of Secretary (Posts)
             In continuation of SR Division’s letter of even number dated 08/01/2015, kindly find enclosed agenda items  for the above meeting.
  The meeting will be followed by lunch.
Yours faithfully, 
(Arun Malik)
Director (SR & Legal)
Agenda Item for the meeting to be held on 05/02/2015 at 1100 hrs. with Postal Joint Council of Action (PJCA) comprising of NFPE and FNPO under the  Chairpersonship of Secretary (Posts)

Sl.No  Item No. Charter of Demands

1.         1.         Discussion on the recommendations of Task Force

2.         6.         Remove 5% condition for compassionate appointment and grant appointment in
all deserving cases as in the case of railways. Remove the minimum 50 points condition for GDS compassionate appointment.
3.         12.       Grant of cash handling allowance to Treasures in Post Offices at par with cashiers
in RMS & Administrative offices.
4.         13.       Counting of Special Allowance granted to PO & RMS Accountants for pay
fixation on promotions as the promotional post involves higher responsibilities.
5.         19.       Notify canteen employees New Recruitment Rules and fill up all vacant posts in
Departmental Canteens/Tiffin Rooms exempting the posts from the purview of downsizing order and reviewing the posts abolished/kept vacant.
6.         20.       Introduce Medical Reimbursement Scheme to GDS.
7.         29.       Make substitute arrangement in all vacant Postmen and MTS Posts. Wherever
GDS are not available, outsiders should be allowed to work as substitutes.
8.         37.       Creation of appropriate number of posts of Multi Tasking Staff (MTS) in RMS
after assessing the total work hours of the vacant GDSMM posts to mitigate the problems of the staff and RMS services.
9.         38.       Immediate notification of HSG-I Recruitment Rules and transferring of all IP line
HSG-I posts to General line as already agreed in the JCM Departmental Council meeting.
10.       39.       Revise Postmen / Mail Guard / MTS Recruitment Rules.  Stop open market
recruitment.  Restore seniority quote promotion:-
This item was earlier discussed in the JCM(DC) and  it is assured by Secretary (Posts) that the Recruitment Rules will be reviewed after one or two Recruitment / Promotional exam are over, as DOP&T may not approve immediate revision of Recruitment Rules already approved by it.  Now more than two Postmen/MG/ MTS recruitment / examination is over and hence it is requested to take action to revise the Recruitment Rules and stop open quota recruitment.  Entire vacancies may be earmarked for GDS and Casual Labourers as existed in the pre-revised Recruitment Rules.
11.       25.       Stop ordering officials to work on Sundays and holidays in some Circles and also
stop harassment of staff by Circle/Regional/Divisional Heads. Eg. 1) Karnataka Circle 2) Delhi Circle.
12.       32.       Open more L1 offices as recommended by CPMsG. Eg.- Guntakal RMS in A.P.
13.       35.       Stop vindictive actions of GM (Finance) Postal Accounts Chennai. More than
hundred Postal Accounts employees are charge sheeted. GM (Finance) even refused to heed the instructions of DDG (PAF).
14.       21.       Ensure time bound and speedy disposal of all Rule-9 cases and Review/Revision
petition cases pending at Directorate level.
15.       34.       Prompt supply of good quality uniform and kit items and change of old

Twitter Delicious Facebook Digg Stumbleupon Favorites More

Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Grants For Single Moms