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

ஜூலை முதல் வட்டி விகிதம் மீண்டும் 0.1% குறைப்பு

Saturday, 26 November 2016

Wedding Expenses Withdrawal - Instructions in DOP Finacle

Instructions regarding the wedding expenses withdrawal in DOP

Instructions to be communicated regarding the wedding expenses withdrawal  are given below for  circulation as directed:
For wedding expenses, the Government has allowed withdrawal limit as Rs.250000-. Patch for the same is being deployed in Finacle.

As per RBI guidelines / DoP rulings, the officials should check all the relevant documents and obtain the declarations from the customer requesting for withdrawal from their POSB account in connection with wedding expenses.

The following conditions are mandatory for withdrawal in respect of wedding expenses:
KYC documents should have been submitted for the account; PAN card should have been updated. These checks are done on the CIF of account holder.

The maximum withdrawal allowed is  Rs.250000 or the closing balance of the account as on 08/11/2016, whichever is lesser and subject to the minimum balance limits applicable on the account. ( Rs.50 for non-cheque accounts and Rs.500 for cheque accounts)

User has to  select / enter the report code as WEDLM against transaction report code field in CTM / HTM menu for such transactions.​​

SBCO is advised to monitor the high value withdrawals at all the POs under their control. Report on such transactions can be generated using HFTR / HFTI menu with the Report Code field filled as WEDLM, on daily basis.

With regards

Giriraj Ponnambalam
Deputy Manager (FSI)
Centre for Excellence in Postal Technology, Chennai 600002
044-28543481, +91 94441 08080
giriraj@indiapost.gov.in​​

7th CPC: Enhanced allowances with arrears to be paid in January

7th Pay Commission: Enhanced allowances with arrears to be paid in January

New Delhi: The government is going to pay of enhanced allowances to its 4.8 million central government employees according to 7th Pay Commission recommendations in January along with five months arrears, when situation will return to normalcy after cash crunch period.

The payments will be made after cabinet nod following the the committee on allowances report, the finance ministry source said.

The government has to pay the arrears of enhanced allowances this time because the enhanced allowances under recommendations of 7th Pay Commission have not been paid in August when the pay hike and its arrears were paid, he added.
The committee on allowances, which was set up in July this year on the direction of the cabinet, is looking into the provision of allowances other than dearness allowance under the 7th Pay Commission recommendations as the pay commission had recommended of abolishing 51 allowances and subsuming 37 others out of 196 allowances.

The committee met up with the deadline of four months given to it by the cabinet to submit the report, the official revealed.

We are ready to submit our report, when the Finance Minister Arun Jaitley calls up, the committee on allowances head Finance Secretary Ashok Lavasa said recently.

Prime Minister Narendra Modi scrapped Rs 500 and Rs 1,000 notes, which accounted for 86% of all cash in the economy, in a move to catch out Indians with black money, earned by corrupt means or evading taxes. But a bumpy rollout of the new currency has seen millions of people line up outside banks and ATMs.

The situation is worse in in all India. There is an acute shortage of cash supply. Dirty, soiled and non-issuable notes are also being re-circulated.

So, people continue to suffer after demonetisation from November 9 on account of cash crunch and it compels the Finance Minister Arun Jaitley to keep in abeyance the enhanced allowances till things normalize and it is likely to implement from January next with arrears, Finance Ministry official today told on condition of anonymity.

Grievances received from CGHS beneficiaries regarding functioning of CGHS



Some grievances have been received from CGHS beneficiaries through grievance portals and other channels regarding functioning of CGHS. These are mainly regarding non-issue of medicines, plastic cards, shortage of doctors/ specialists and long queue of patients in Wellness Centers.
Following action has been taken by the government in this regard:
(i) Appointment of retired doctors on contract basis as a stop gap arrangement to fill the vacant posts.
(ii) Medicines, which are not available at CGHS Wellness Centres are procured through Authorized Local Chemists.
(iii) A special drive was undertaken to clear the pendency of issue of CGHS Plastic cards
(iv) Option for self-printing of CGHS cards for existing CGHS beneficiaries.
(v) Introduction of on-line registration for consultation at selected Wellness Centres in Bengaluru and in one zone in Delhi.
(vi) Initiation of tele-consultation on trial basis in Delhi from two CGHS Wellness Centres with specialists of Dr. R.M.L Hospital.
Regular internal audits and also external audits/studies on the functioning of CGHS have been carried out.
Outcome of some of the important studies are as under:
(i) Staff Inspection Unit (SIU) was carried out by Ministry of finance for Staff Pattern Norms based on patient attendance. Recommendations of the SIU have been implemented.
(ii) Based on the study carried out by Kaul Committee, computerization of all the CGHS Wellness Centres has been done
(iii) On the basis of recommendations of the CAG Audit on procurement of medicines, Medical Stores Organization (MSO) has initiated e-tender for procurement of Anti Cancer and other Lifesaving medicines. It has also been decided to procure only L1 Rate medicines under formulary for Branded Medicines.
(iv) Committee of Secretaries (COS) has also been monitoring the functioning of CGHS since 2008 and various steps have been implemented to make CGHS beneficiary friendly. As per the recommendations of COS, UTI-ITSL has been appointed as Bill Clearing Agency for settlement of credit bills of empanelled hospitals and diagnostic centres pertaining to the treatment of CGHS pensioner beneficiaries.
(v) The functioning of CGHS is also monitored by the Hon’ble Prime Minister and as per the directions under ‘PRAGATI’, the process of linking of Aadhar Number with CGHS beneficiary Numbers has been started. A special drive was undertaken to clear the pendency of issue of CGHS Plastic cards. Provision has been made for self-printing of CGHS cards by existing CGHS beneficiaries.
(vi) DAR&PG conducted a study through Quality Council of India (QCI) to identify areas of Grievances in Different Ministries and organizations including CGHS and suggested possible solutions.
Based on the inputs so received:
· Financial Powers of Additional Directors of CGHS have been enhanced for early settlement of medical claims of Pensioners.
· Introduction of on-line registration for consultation at selected Wellness Centres in Bengaluru and in one zone in DelhiAadhar-based Bio-metric attendance for the staff at CGHS Wellness Centres has been implemented in Delhi and NCR.
The following steps have been taken for improvement in the functioning of CGHS in the country:- 
1. Regular Inspection of Wellness Centers is carried out.
2. Monthly advisory committee meetings are held for each Wellness Centers with CMO (In charge)
3. Regular monitoring of empaneled hospitals by a team constituted by Additional Directors, CGHS of cities for this purpose.
4. Regular meeting of Additional Directors, CGHS with pensioner associations. SMS alert facility to CGHS beneficiaries.
The Minister of State (Health and Family Welfare), Sh Faggan Singh Kulaste stated this in a written reply in the Lok Sabha here today.

FNPO Lr to Dept regarding DCRG to the CGE covered by NPS


FEDERATION OF NATIONAL POSTAL ORGANISATIONS

T-24,Atul Grove Road, New Delhi - 110 001. Phone : 011-23321378






Ref:9/NAPE/172 /2016        Dated      24/11/2016

To

Shri. B.V. SUDHAKAR

Secretary,

Department of Posts,

Dak Bhawan ,

New Delhi-110 001

.

Sub: Extension of benefits of Retirement Gratuity and Death Gratuity to the Central Govt. Employees covered by new Defined Contribution Pension System (National Pension System)-regarding.

Ref: Ministry of Personnel, Public Grievances and Pensions, Dept of Pension and Pensioners Welfare memo no. 7/5/2012-P &PW (F)/B dated 26.08.2016,

                                                 ************

Your kind attention is invited to the letter cited above, wherein the Ministry of Personnel Public Grievances and Pensions, Dept of Pension and Pensioners have been issued to grant gratuity in respect of Govt employees covered by the National Pension System. The orders will be applicable to those Central Civil Govt. Employees who joined the Govt. Service on or after 01.01.2004.

 Though the concerned Ministry has issued orders in August 2016 itself, DOP is yet to issue orders to our employees

 Hence it is requested that necessary action may kindly be taken to issue orders to the Heads of the Circles at the earliest so as to enable the officials who have retired from service covered by National Pension System to receive the benefits. 



Yours Sincerely,

D.Thegarajan.

Secretary General.



   Copy to:

1)Shri A.K.Dash, Member (P),

2)MS.Manju Pandey DDG(P).




Govt assured trade unions to consider the revision of Minimum Wage and Fitment Formula


7th Pay Commission related issues – Minister comments on Government Committee which assured trade unions/JCM to consider the revision of Minimum Wage and Fitment Formula

Minister’s reply in Rajya Sabha on Government Committee for consideration of issues of 7th Pay Commission recommendations
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA
UNSTARRED QUESTION NO-713
ANSWERED ON-22.11.2016
Government Committee for consideration of issues of 7th CPC recommendations
713 . Shri Neeraj Shekhar
(a) whether Group of Ministers including Union Minister for Finance had assured the representatives of various trade unions/JCM to set up a Committee to consider the demand of revision of Minimum Wage and Fitment Formula under 7th CPC with a mandate to finalize its report within four months;
(b) if so, the present status of the Committee;
(c) the reasons for the delay in report by the said Committee even after elapsing of more than four months;
(d) whether the Committee on Allowances has finalized its report;
(e) if so, the details thereof along with the salient recommendations thereof; and
(f) if not, the reasons therefor?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)
(a) to (c): In pursuance of the assurance given by the Union Ministers to the representatives of the National Council (Staff Side), Joint Consultative Machinery, meetings have been held by a group of senior officers with them to discuss their demands in this regard.
(d) to (f): The Committee on Allowances has been interacting with various stake-holders to discuss their demands and has so far held discussions with National Council (Staff Side), Joint Consultative Machinery, representatives from staff associations and officials from Ministry of Health & Family Welfare, Ministry of Home Affairs and Department of Posts. The Committee may also interact with the representatives of some other major Ministries/Departments and stakeholders with whom consultations are yet to be held before finalizing its Report.

Friday, 25 November 2016

Airtel launches India’s first Payment Bank

Airtel launches India’s first Payment Bank with massive 7.25% interest on Savings Accounts

Airtel Payments Bank Limited or Airtel Bank, a subsidiary of Bharti Airtel Limited on Wednesday rolled out a pilot of its banking services in Rajasthan. The pilot is aimed at testing systems and processes ahead of a full scale pan Indian launch. With this, Airtel Bank became the first payments bank in the country to go live. Customers in towns and villages across Rajasthan will now be able to open bank accounts at Airtel retail outlets, which will also act as Airtel banking points and offer a range of basic, convenient banking services. Airtel Bank will commence the pilot with banking points at 10,000 Airtel retail outlets. Airtel Bank plans to expand its merchant network in Rajasthan to 100,000 by the end of the year, giving a big boost to digital payments ecosystem.
Airtel Bank’s services can be accessed by Airtel customers on their mobile phones through the Airtel Money app, through USSD by dialing *400#; or via a simple IVR by dialing 400. Both the USSD & IVR options are available in Hindi and English language and work on simple feature phones as well. Non Airtel customers can access Airtel Bank’s services by dialing 8800688006. Customers can also visit any designated Airtel retail outlet to access services (and not just the outlet where they have opened the account). Airtel Banking points will offer bank account opening services and cash deposit & withdrawal facilities.
1. Digital Banking: Quick and paperless account opening using Aadhaar based e-KYC. This requires no documents at all, only the customer’s Aadhaar number is needed
2. Customer’s Airtel mobile number will be his/her bank account number
3. Interest rate of 7.25 % p.a. on deposits in savings accounts
4. Money transfer to any bank account in India (Free money transfer from Airtel to Airtel numbers within Airtel Bank)
5. Personal Accidental Insurance of Rs 1 Lac with every Savings Account
6. Deposit and withdrawal facility across a network of Airtel retail outlets
Vasundhara Raje, chief minister of Rajasthan, said, “Congratulations to Airtel for making Rajasthan the first state in India to have Airtel Payments Bank. This initiative, perfectly in sync with Hon’ble Prime Minister’s vision for financial inclusion and Digital India, will be a boon to residents in far flung areas who are yet to have access to formal banking. I look forward to Airtel reaching every corner of Rajasthan.”
Shashi Arora, MD & CEO, Airtel Payments Bank, said, “Airtel Payments Bank is fully committed to the Government’s vision of financial inclusion and banking for all. Airtel Payments Bank will play an important role in taking banking services to the last mile in a quick and efficient manner and benefit millions of unbanked citizens of this country. With this pilot, we have taken a big step towards the launch of our banking services and will be testing our operational readiness for full-scale launch across India. We would also like to use feedback from our customers to further improve our processes and look forward to serving them.”
On April 11, 2016, Airtel Bank became the first entity in India to receive a payments bank license from the Reserve Bank of India (RBI).

Twitter Delicious Facebook Digg Stumbleupon Favorites More

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