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

ஜூலை முதல் வட்டி விகிதம் மீண்டும் 0.1% குறைப்பு

Saturday, 14 November 2015

Swarna Bharat Campaign – All You Want to Know

Swarna Bharat Campaign – All You Want to Know – The gold monetisation scheme will replace the existing Gold Deposit Scheme, 1999 while the existing deposits will be allowed to run till maturity or premature withdrawal by depositors.
It will now be Swarna Bharat (Golden India) after Swachh Bharat (Clean India) and other campaigns launched recently by the central government.
“A Golden Opportunity,” claimed a half page advertisement in leading newspapers on Wednesday.
The golden opportunity claimed in the advertisement refers to the four gold related schemes – Gold Monetisation Scheme, Gold Sovereign Bond Scheme, Gold Coin Scheme and Gold Bullion Scheme – to be launched on Thursday by Prime Minister Narendra Modi.
Urging the people to activate their stock of yellow metal in generating interest income by opting for the gold monetisation scheme, the union finance ministry added that the gold would also be secure.
The government also announced a national toll free number (1800 1800 000) and webpage finmin (Click for details) to give details about the schemes.
The gold monetisation scheme will replace the existing Gold Deposit Scheme, 1999 while the existing deposits will be allowed to run till maturity or premature withdrawal by depositors.
The minimum deposit at any one time shall be raw gold (bars, coins, jewellery excluding stones and other metals) equivalent to 30 grams of gold of 995 fineness.
There is no maximum limit for deposit under the scheme.
As per the scheme, the gold will be accepted at the Collection and Purity Testing Centres (CPTC) certified by the Bureau of Indian Standards (BIS) and notified by the central government.
The deposit certificates will be issued by banks in equivalence of 995 fineness of gold. The principal and interest of the deposit under the scheme will be denominated in gold.
The designated banks will accept gold deposits under the Short Term (1-3 years) Bank Deposit (STBD) as well as Medium (5-7 years) and Long (12-15 years) Term Government Deposit Schemes.
While the former will be accepted by banks on their own account, the latter will be on behalf of the government.
There will be provision for premature withdrawal subject to a minimum lock-in period and penalty to be determined by individual banks.
Interest on deposits under the scheme will start accruing from the date of conversion of gold deposited into tradable gold bars after refinement or 30 days after the receipt of gold at the CPTC or the bank’s designated branch, as the case may be and whichever is earlier.
The central government promotes the Sovereign Gold Bond Scheme under the tag line ‘Invest Wisely, Earn Safely’.
Under the Sovereign Gold Bond Scheme, the Reserve Bank of India will issue the bonds on behalf of the central government.
The RBI has fixed the issue price for the first tranche of Sovereign Gold Bond at Rs.2,684 per gram of gold based on simple average of closing price of gold of 999 purity of the previous week (October 26-30, 2015) published by the Indian Bullion and Jewellers Association Ltd.
The gold bonds will be denominated in multiples of gram(s) of gold with a basic unit of one gram while the minimum investment limit is two grams.
The maximum subscription is 500 grams per person per fiscal (April-March) and for joint holders, the limit will be applied on the first holder.
As per the scheme, the gold bonds will be sold only to resident Indian entities including individuals, Hindu undivided families, trusts, universities and charitable institutions.
As per the scheme, the bond tenure will be eight years with exit option beginning the fifth year onwards. The bonds will also be tradable in the bourses.
The rate of interest will be 2.75 percent per annum payable semi-annually on the initial value of investment.
Bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time.
On the other hand, the tag line for the Gold Coin Scheme is “Indian Gold Coin. Minted in India with the values that make India”.
The two other gold monetisation schemes to be launched by Modi are the Gold Coin and Gold Bullion schemes.
The Gold Coin and Gold Bullion Schemes are part of gold monetisation programme.
The coin will be the first ever national gold coin and will have the national emblem (Ashok Chakra) engraved on one side.
Initially the coins will be available in denominations of 5 and 10 grams. A 20 gram bar/bullion will also be available.
Initially, 15,000 coins of 5gm, 20,000 coins of 10 gm and 3,750 bullion bars will be made available through MMTC outlets.
Source: Times of India

Friday, 13 November 2015

India Post invites entries to design stamp on ‘Vibrant India’ theme

The Department of Posts has decided to invite entries from citizens to design a postal stamp on the theme ‘Vibrant India’ to be launched on Republic Day in New Delhi.

“As per the directions of the Prime Minister, it has been decided to organise a ‘Republic Day 2016 – Stamp Design Competition’ at the national level. The entries with regard to the above competition will be received and judged by the Department of Posts headquarters at Delhi,” a statement issued by the office of the Chief Postmaster General of Maharashtra and Goa circle said.
“The theme of the said contest is, ‘Vibrant India’ and the contest will be open to all citizens of India up to November 30. The rules to participate have been posted on India Posts’ website,” it said.
Cash prizes
There will be cash prize of ₹10,000, ₹6,000 and ₹4,000 for the top three winning entries that would be unveiled on Republic Day (January 26).
While stipulating the rules for taking part in the contest, the department has said that the entries should be in original design and it could be in ink, water colour, oil colour or any other medium.
But computer printed entries or printouts will not be entertained. However, participants would be free to use drawing paper, art paper or any other type of white paper of A4 size, it added.

It has also stipulated that the design of the entry should be on A4 size paper and visually appealing and it should be reached at ADG (Philately), Dak Bhawan, Parliament Street, New Delhi before November 30.

Thursday, 12 November 2015

Meetings of Departmental Council are essential --. DOPT.

Meetings of Departmental Council are essential as they help in resolving differences between Government and the Staff Side--.  DOPT.
F. No, 4 /3/2009-JCA
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel & Training
Establishment (JCA-l) Section
North Block, New Delhi
Dated November 2, 2015
OFFICE MEMORANDUM
Subject- Functioning of Departmental Councils- regarding
The undersigned is directed to refer to this Departments D.O. letter of even number dated 23.07.2012 (copy enclosed) regarding holding of meetings of Departmental Councils regularly with a view to make effective use of Joint Consultative Machinery (JCM) Scheme. Secretary, DoPT, had also vide his DO letters of even number dated 03.12.2012, 26.07.2013 and 17.02.2015 requested to promote this interaction more proactively through regular meetings of Departmental/Office Councils under the Ministry/Department.
2. The JCM Scheme provides for Departmental Councils at the level of individual Ministries/ Departments, including their attached and subordinate offices. The Staff Side of JCM, however, has been remonstrating that regular dialogue with the Staff Side through the mechanism of Departmental Councils at Ministry/Department level is not happening. Meetings of Departmental Council are essential as they help in resolving differences between Government and the Staff Side.
3. It is requested that suitable instructions may please be issued to hold meetings of Departmental Councils on regular basis.(G. Srinivasan)
Deputy Secretary to the Government of India

Wednesday, 11 November 2015

LSG (GL) Promotion ordered in Tamilnadu Circle for the year 2012-2013

2012-2013 ஆண்டிற்கான LSG  பட்டியலை வெளியிட்டது மாநில நிர்வாகம். 116 பேருக்கான பட்டியல் வெளியீடு.
  
நமது நெல்லை கோட்டத்தில் நால்வருக்கு LSG பதவி அளிக்கப்பட்டுள்ளது 
1. திருமதி.M.P.விஜயா
2. திரு செல்வராஜன் ( Rtd on VR )
3. திரு.S.சுப்பிரமணியன் 
4. திருமதி.S.பாப்பா 
அனைவருக்கும் நமது வாழ்த்துக்கள் 
மேலும் விவரங்களுக்கு இங்கே சொடுக்கவும்.

அஞ்சல் அலுவலகங்களில் தங்க பத்திரம்

அஞ்சல் அலுவலகங்களில் தங்க  பத்திரம் விற்பனை ஆரம்பம் 
நமது திருநெல்வேலி கோட்டத்தில் மூன்று தலைமை அஞ்சலகங்களிலும் விண்ணப்பங்கள் பெறப்படும் 


Sovereign Gold Bond Scheme of Government of India


               The Government of India has announced issue of Sovereign Gold Bonds, as part of Gold Monetisation Scheme.  The Bonds will be issued on November 26th 2015. Applications for the bonds will be accepted between November 5th to November 20th 2015.



            Application for the Sovereign Gold Bonds (SGBs) can also be submitted through all Head Post Offices in Tamilnadu Circle & the SGBs can be obtained through the Head Post Offices itself.



Following are the special features of the scheme:-



Ø  Issuance : Sovereign Gold Bonds will be issued by Reserve Bank of India on behalf of the Government of India.

Ø  KYC Documentation : Know-your-customer (KYC) norms will be the same as that for purchase of physical gold. KYC documents such as Voter ID, Aadhaar card/PAN or TAN /Passport will be required.

Ø  Denomination & Min- Max Limit : The Bonds will be denominated in multiples of gram(s) of gold.  Minimum permissible investment will be 2 units (i.e. 2 grams of gold). The maximum amount subscribed by an entity will not be more than 500 grams per person per fiscal year (April-March). A self-declaration to this effect will be obtained.

Ø  Issue Price : Price of Bond will be fixed in Indian Rupees on the basis of the previous week’s (Monday–Friday) simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Ltd. (IBJA).

Ø  Interest Rate: The investors will be compensated at a fixed rate of 2.75 per cent per annum payable semi-annually on the initial value of investment.

Ø  Tenor : The tenor of the Bond will be for a period of 8 years with exit option from 5th year to be exercised on the interest payment dates.

Ø  Redemption Price : The Gold Bond shall be repayable on the expiration of eight years from the 26th November, 2015, the date of the issue of Gold Bonds. On maturity, the Gold Bonds shall be redeemed in Indian Rupees and the redemption price shall be based on simple average of closing price of gold of 999 purity of previous week (Monday to Friday) published by the India Bullion and Jewellers’ Association Limited.



Limited period offer

Please visit your nearest Head Post Office for further details.


Email Policy of Department of Posts.

இந்திய அஞ்சல் துறை தனது மின்னஞ்சல் (e Mail) முறையை 
முறையான தகவல் தொடர்பு முறையாக அங்கீகரித்துள்ளது.

Email Policy of Department of Posts.  CLICK HERE TO SEE DETAILS.

நவம்பர் 19 - தேசிய எதிர்ப்பு தினம் அனுஷ்டிக NJCA முடிவு

Observance of All India protest day on 19th November 2015 – NJCA 
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.
 
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

Monday, 9 November 2015

Happy Deepavali wishes to all.

 அனைவருக்கும்  எமது  தீபாவளி நல்வாழ்த்துக்கள் 

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