Monday, November 21, 2011

RECRUITMENT RULES POSTAL ASSISTANTS/SORTING ASSISTANTS-2011

DEPARTMENT OF POSTS HAS NOTIFIED RECRUITMENT RULES, 2011 FOR POSTAL ASSISTANTS AND SORTING ASSISTANTS, THESE HAVE BEEN PUBLISHED IN OFFICIAL GAZETTE ON 3.11.2011.


CLICK HERE TO SEE THE GAZETTE NOTIFICATION

CLICK HERE TO SEE THE DEPARTMENT LETTER ADDRESSED TO HEADS OF THE CIRCLE.

DOPT issued a wonderfull order regarding Govt. servants covered by New Pension Scheme

According to this order Govt. Servants who appointed on or after 01/01/2004 will cover New Pension Scheme can get Provisional Pension according to Old Pension Scheme where Govt.Servant Died/Retired on medical invalidation.For details Please click this link to down load the order

http://persmin.gov.in/WriteData/CircularNotification/ScanDocument/Pension/NPS_05052009.pdf

Tuesday, September 27, 2011

బత్కమ్మ శుభాకాంక్షలు


కరీంనగర్ తపాల ఉద్యోగులకు తెలంగాణా బత్కమ్మ శుభాకాంక్షలు

ALBUM

Declining promotion to Postmaster Grade-I by the officials declared successful in Postmaster Grade-I Departmental Competitive Examination held on

I am directed to refer to Directorate's letter of even number dated 9.8.2011 on the above subject and to say that in the aforesaid letter the Circles were advised that declination of appointment by the candidate to the post of Postmaster Grade-I after passing the Departmental examination, but before his appointment ,may be accepted.
2. References are being received seeking clarification with regard to acceptance of declination of appointment by the candidate to the post of Postmaster Grade-I after issue of order of appointment but before joining by the candidate to the post of Postmaster Grade-I.
3. The Directorate's letter of even number dated 9.8.2011 is very clear. Declination of appointment by the officials can be accepted by the Circles only if the same is received before issue of order of appointment. No deviation is permissible in the matter.
D.G. Posts No. 4-24/2011-SPB-II dated 26 Sep, 2011.

TRAI clears confusion over SMS limit,exempts certain services

Regulator TRAI has exempted various service providers, including the dealers of telecom operators, e-ticketing agencies and social networking sites, from the new limit of one hundred SMSes per day per SIM, which was imposed to block pesky calls and messages.
On 5th September, after much delay, Trai had come out with recommendations to stop pesky calls and text messages from 27th September, ordering that no access provider (operators) shall permit the transmission of more than 100 SMSes per day per SIM.
"Hereby directs all access providers to exclude the following persons from the limit of one hundred SMS per day per SIM -- dealers of the telecom service providers and DTH operators for sending request for electronic recharge on mobile numbers," Trai said in a statement on Tuesday.
The directive from the regulator had come in the wake of concerns raised by telecom lobby COAI on limiting the SMS entitlement per SIM to 100 per day.


It will also exempt e-ticketing agencies for responding to e-ticketing request made by its customers, SMSes from social networking sites Facebook, Twitter, Orkut, LinkedIn and GooglePlus to their members in connection to activities relating to their accounts, based on verifiable options; and agencies providing directory services, such as Justdial, Zatse, Callezee, Getit and Askme, Trai added.
Earlier, COAI had asked Trai to reconsider its recommendation to limit the number of SMSes per sim to 100 per day, saying that such a regulation may pose a potential challenge to the "fundamental rights" of an ordinary users.
There are several instances where SMSes are an important mode of communication.
There could be a situation where a customer has exhausted the limit and suddenly some emergency occurs, COAI had said.
Further, this limit will not also be applicable on "blackout days" (festive occasions), when the customer is free to send as many messages he wants.
In the case of post-paid telephone numbers, the access provider shall not permit more than 3,000 SMSes per SIM per month, the Trai recommendations had said.
However, Trai said, "The access provider shall, before excluding the persons, obtain an undertaking from such person that he shall not use the said facility in any manner for sending commercial communications."


Subscribers have the option of choosing to be under the 'Fully Blocked' category, which is akin to the 'Do Not Call Registry'.
If a user selects the 'Partially Blocked' category, he/she will receive SMSes in categories chosen.
For registering under the fully blocked list, a customer has to SMS 'START 0' to 1909.

Clarification regarding restriction of officiating pay under FR 35

In terms of the provisions contained in Fundamental Rule 35, the Central Government may fix the pay of an officiating Government Servant at an amount less than that admissible under the Fundamental Rules. Accordingly, orders have been issued from time to time indicating the circumstances and the extent to which provisions of FR 35 would apply.

The question of revising these ceilings consequent upon implementation of CCS(RP) Rules, 2008, which have replaced pre-revised pay scales by the running pay bands and grade pay, has been considered by the Government and the President is pleased to decide to replace the existing criteria of basic pay regarding imposition of the above restriction by the criteria of pay in the pay band.

Accordingly, the pay under FR 35 shall be restricted so as , not to exceed the basic pay in the revised scales by more than the amounts shown below:
a) For employees in receipt of 12-1/2% of the basic Pay j.n the pay band above pay subject to a Rs. 14880 p.m. maximum o f Rs. 2000 p.m. (including the difference of grade pay between the feeder and the motional
post) .

b) For employees in receipt of 15% of the basic pay Pay in the pay band upto subject to a maximum of Rs.14880 p.m. Rs.2000 p.m. (including the difference of grade pay between the feeder and the promotional
post).
3. In sofar as the rate of increment to be drawn in cases where the pay is fixed under FR 35 is concerned, the Government servant may be allowed to draw his annual increment @ 3% of the basic pay granted to him after imposition of restrictions under FR 35.
4. In so far as persons serving in the Indian Audit & Accounts Department are concerned, these orders issue in consultation with the Comptroller & Auditor General of India.

New Income Tax Code from 2011 -Finance Minister

The government plans to implement the Direct Taxes Code (DTC) from 2011-12 after addressing all concerns relating to controversial proposals like taxation of retirement benefits, weeding out incentives for housing sector and changes in the Minimum Alternate Tax (MAT).
The proposals in the Code are only “illustrative” and are open for discussion and there is no need to think that these”have been decided,” Finance Minister Mr. Pranab Mukherjee said.

Giving the roadmap for the Code that will replace the Income Tax Act of 1961, he said, “It will be implemented from 2011. So, the finance bill of 2011-12 would be appropriate.”
The government, Mr. Mukherjee said, has identified seven critical areas of concern in the Code and would take suggestions on board before finalising it.
The Code is silent on tax incentives for housing sector as against the current practice of provide rebate on repayment of interest and principal on home loans.
The critical areas of concern include shifting the base for computation of Minimum Alternate Tax (MAT) from book profits to assets; capital gainstaxation in case of non-residents; double tax avoidance agreements; General Anti-Avoidance Rules (GAAR); taxation of foreign companies; taxation of charitable institutions; and shift to EET system for taxation of savings.
On the issues relating to taxation of savings at the time of withdrawal, the Minister said, “Whether it will be EET (exempt, exempt, tax) or ETE (exempt, tax, exempt) … is to be finally arrived at a decision. So one need not rush to the conclusion that it has been decided. That is the short point that I would like to make it clear.”
The direct tax reforms are basically aimed at doing away with the “plethora of exemptions”, Mukherjee said, adding “if somebody analysis the Act of 1961, as amended from time to time now (will) realise that the original character of the Act is lost through a series of amendments.
DTC has proposed that all savings schemes should be taxed at the time of withdrawal. Under the current dispensation, the savings schemes like Public Provident Fund (PPF) and General Provident Fund (GPF) are not taxed at all, while in some schemes like National Savings Certificate (NSC) only interest accruals are taxed.

As regards the MAT, the Code proposes to levy minimum tax on assets instead of book profits. The proposal evoked sharp reaction from the industry which described the move as introducing wealth tax on enterprises.
Referring to his interaction with the representatives of the industry on the Code at Delhi and Bangalore, Mr. Mukherjee said, “I told them to express (their) views candidly … final decision will be taken after obtaining inputs from various stake holders and in depth discussions.”

INCOME TAX: Cabinet Clears the Direct Tax Code (DTC) Bill in Parliament.

The Cabinet at its hour-long meeting chaired by the Prime Minister discussed at length various provisions of the DTC Bill, which will seek to bring about radical reforms and simplification in direct tax structure including the Income Tax rates and exemptions.





Features:* It will be effective From April 1, 2011.
* It will Replace the old Income Tax Act which is 50 years old.
* Employees have to pay less direct tax in each slab of income.
* Limit of exemption for salaries employees : 2 Lakhs.
* Limit of exemption for senior citizens: 2.5 Lakhs.
* Tax for income between Rs. 2 lakhs - Rs. 5 lakhs: 10%
* Tax for income between Rs. 5 lakhs - Rs. 10 lakhs: 20%
* Tax for income over Rs.10 Lakhs 30 %.
* Corporate Tax 30 %.

FAQS ON I.T.:
Under the direct taxes code (DTC) regime, what happens if a salaried employee withdraws money from his/her approved Provident Fund (PF)/Superannuation fund (SF) /Gratuity and other retrial benefit schemes? How will the DTC affect pension plans?

In the initial draft of DTC, the government has proposed to move to the exempt-exempt-tax (EET) basis of taxation for long-term saving schemes. That is, exemption granted at the time of contribution (making an investment) and accrual on such investments. But at the time of withdrawal, such accumulations were proposed to be taxed. Under the revised discussion paper on DTC (RDP), released recently by the Government, it has been proposed to restore the exempt-exempt-exempt (EEE) basis of taxation for Provident Funds (Government, Recognised or Public), approved pension schemes, pure life insurance products and annuity schemes. Accordingly, the withdrawal from approved PF/SF may continue to be not taxable at the time of withdrawal.
Further, the retirement benefits have also been proposed to be exempted from tax subject to limits. Benefits such as gratuity, leave encashment, commutation of pension (linked to gratuity), would be exempt subject to the limits to be prescribed.





Regarding pension schemes, where these schemes are administered by Insurance Regulatory and Development Authority (Irda), these schemes may get the benefit of EEE basis of taxation. The provisions of exemptions are expected to be on the similar lines as are contained in the existing tax laws. But one would need to wait and see the final shape of DTC how EEE basis of taxation is finally legislated.

Currently an employer's contribution to provident fund/ approved superannuation fund (up to Rs 100,000) is exempt. Would these exemptions continue in DTC regime?

The RDP has proposed to exclude the employer’s contribution to PF and approved SF from the definition of the salary up to a certain limit. Accordingly, such contributions may not be taxable subject to the limits to be prescribed.

Would I be able to get the benefits of house rent allowance (HRA), medical reimbursement, leave travel assistance, etc. under the DTC regime?
The deduction of HRA and leave travel assistance would not be available. However the medical expenses reimbursement (which is presently not taxable upto Rs 15,000) is proposed to be reinstated with higher monetary limits.

What happens to the policyholders who have invested in unit-linked insurance plans (Ulip)? Whether the proceeds receivable on maturity is taxable under the proposed DTC regime?

The RDP has proposed to restore the EEE basis of taxation for saving schemes. As mentioned in answer to question no 1, such benefits have been extended to pure insurance products or annuity on schemes also. While the debate whether Ulip is an investment product or insurance product is still on, but there does not seem to be clarity in the RDP whether Ulip will enjoy the benefit of EEE basis of taxation or not. A clarity on this aspect in the final print of DTC would be useful keeping in view the fact that Ulip is a popular product. It has been proposed in the RDP that investments made in instruments before the commencement of the DTC, which currently enjoy the benefit of EEE basis of taxation would continue to get the same until their full term. Accordingly, investments made in Ulip schemes before April 01, 2011( when DTC is expected to be implemented), the benefit of EEE basis of taxation should be made available to that extent.

What is the tax implication of interest on housing loan paid/payable during the financial year 2011-12 (assuming that the DTC will come in force)?

The RDP has restored the deduction of Rs. 1.5 lakh on account of interest paid/ payable in relation to one not let out house property. Accordingly, the tax payer would be able to claim the above deduction.

Is there any exemption for senior citizens available under the DTC? Whether tax benefit available on reverse mortgage transactions would continue under the DTC regime?

Under the existing tax laws, a senior citizen pays tax only whom his/her taxable income exceeds Rs 240,000. The said limit has not been enhanced either in the DTC or the RDP. Further, the existing provisions of the Income Tax Act, 1961, exempts the reverse mortgage transaction from the definition of transfer and hence these transactions do not attract any tax. However, similar provisions are not there in the DTC and even the RDP has not indicated extension of any such benefit. One may hope that there would be some addressal on the reverse mortgage transactions when DTC is rolled out as these schemes are a mechanism to avoid financial hardship at old age.
source:business-standad. Written by Kuldip Nayyar.

Leave Travel Concession - journey by private airlines

Regulation of Journey by private airlines while availing LTC ( Leave Travel Concession )

Regarding journey by air, while availing LTC in all cases of air travel ( Including LTC ) both domestic and International where the government of India bears the cost of air passage , the government employee may travel by air india only.
Now it is clarified that the restriction of travel by Air India only need not apply to non-entitled officers who travel by air and claim LTC reimbursement by entitled class of rail.
This order is applicable from the date of issue of the memorandum. It is also clarified that past cases which are alreeady settled will not be re opened.

Download the clarification regarding LTC - Journey by private airlines.

LTC rules relaxed for Central Govt employees visiting JK

Government has decided to relax LTC rules by permitting Central govt employees to travel by any airlines to visit Jammu and Kashmir.


All officers and employees of the Central government will be allowed to avail LTC to visit the state against "conversion of one block of their home town LTC", an order issued by the government said.

Officers and employees of the Centre entitled to travel by air can avail this LTC in their entitled class, it said.

All other employees of Central government can travel by air in economy class from Delhi and Amritsar to any place in J and K by any airlines subject to their entitlement being limited to fares of Air India, the order said.

Journey from their place of posting upto Delhi/Amritsar will have to be undertaken as per their entitlement.

Syllabus for Postmaster Cadre Grade I Examination

After introducing the Postmasters Cadre in Postal Wing with due Gazette Notification on 9th September, 2010 and framing “Department of Posts, Senior Postmaster ( Group-B Gazetted ), Postmaster ( Grade – III and II Group - B non-Gazetted ) and Postmaster ( Grade – I Group – C non-Gazetted ) Recruitment Rules, 2010” vide Postal Directorate letter No.4-17/2008-SPB-II, dated 22.11.2010, now the Department vide Directorate’s letter No. 137-8/2009-SPB.II, dated 08.12.2010, has circulated the syllabus for Departmental Examination in respect of Postmaster Grade – I.



The examination for Postmaster Grade – I will consist of two papers of 100 questions ( objective type multiple choice ) , 90 minutes duration each.











The Department Order is given below:





No: 137-8/ 2009-SBP II

Government of India

Ministry of Communications and IT

Department of Posts

Dak Bhavan, Sansad Marg

New Delhi, Dated 08 December, 2010



To,

All Chief Postmaster General

Subject: Syllabus for Departmental Examination in respect of Post Master Grade - 1 in Postal Wing



Sir/ Madam,

I am directed to refer to Directorate's letter No: 13-2/ 010-PE.I, dated 03.02.2010, whereby a separate cadre of Postmasters has been constituted in he grades of Senior Postmaster, Postmaster Grade III, Postmaster Grade II and Postmaster Grade I, by carving out the posts from existing General Line posts in Postal wing.



2. Reference is also invited to Directorate's letter of even number dated 22.11.2010 forwarding therewith copy of Recruitment Rules, namely, Department of Posts, Senior Postmaster (Group B gazetted), Postmaster (Grade III and II - Non - Gazetted) and Postmaster (Grade 1 - Group C Non-Gazetted) Recruitment Rules, 2010, dated 9th September, 2010. It was stated inter-alia in the said letter that initial constitution of the various grades of Postmasters shall be done by inviting options/ applications from the existing incumbents of LSG, HSG II, HSG I in Post Offices and PS Gr 'B'. In case, after filling up the posts as per the provisions of the Recruitment Rules certain number of Posts still remain unfilled, the same would be filled up as per the provisions contained in Col. 12 of the respective Recruitment rules.



3. The Recruitment rules for the Grade of Postmaster Grade - I provides for filling up of the vacancies by promotion through Limited departmental Competitive Examination from amongst the Postal Assistants working in Post Offices with five years of regular service in the grade. Thus, the unfilled posts, after the initial constitution, if any, and regular vacancies subsequently will be filled up on the basis of Limited Departmental Competitive Examination. The pattern and scheme of Limited Departmental Competitive Examination decided by the Competent Authority to fill up the vacancies in the grade of Postmaster Grade - i is forwarded herewith as in the Annexure.



4. It is requested that the provisions of the Recruitment Rules and the Syllabus may be brought to the notice of all concerned.



Encl: As above



Yours faithfully

Sd/-

Suraj Bhan

Assistant Director general (SPN)



Copy to:



1. Secretary (Posts)

2. All Members of Postal Services Board/JS & FA

3. Secretary (PSB)

4. CGM (BD)/CGM (MB)/ CGM (PLI)/ Director, Postal Staff College India, Ghaziabad

5. All DDsG

6. Pr. Director of Audit (Postal), Delhi - 54

7. Additional Director General, APS, R.K.Puram, New Delhi - 66

8. All Directors, Postal Training Centers

9. All recognized Service Unions/ Associations/ Federations.

10. Guard File



ANNEXURE


Syllabus for Departmental Competitive Examination for the post of Post Master Grade-I in Post Offices.



The examination for Postmaster Grade-I will consist of two papers of 100 questions; 90 minutes duration each. The questions will be on the pattern of objective type Multiple Choice Question (MCQ).




2. Syllabus for these two question papers is given as under:



PAPER-1



(i) Customer Services and Grivances

(a) Post Office Guide - Part I

(b) Compendium of Processing and Disposal of Public Complaints

(c) Knowledge about DOPG, DOARPG and RTI cases

(d) Consumer Forum/ Post Forum/ Citizen Charter

(e) Central Civil Services (Classification, Control & Appeal) Rules

(f) Conduct Rules

(g) General Financial Rules

(ii) Postal Operations

(a) Postal Manual Volume V

(b) Postal Manual Volume VI (Part I, II and III)

(c) FHB Volume II

(d) POSB Manuals (Volume I, II and III) OR Compilation of POSB Manual Volume I and II written by Kanwaljit Singh, AD (FS), Department of Posts

(e) Project Arrow-Blue Book



PAPER – II.



(a) Knowledge of products and services of Department of Posts.



(b) Marketing: Principles of marketing assessment of related products and services.



(c) PLI/ RPLI, Post Office Insurance Fund Rule, outline knowledge about Insurance Schemes, Mutual Fund and other financial products and services in the market.



(d) General Awareness and Current Affairs including general mental ability test covering logical reasoning (verbal and non verbal), numerical analysis (arithmetic) and basic mathematical equations and statistical tools like mean, median, mode, graphical representation of data, comprehension and basic language skills.



(e) General principles of technology.

(f) Basic technology requirement-computer, server, laptop

(g) Connectivity of computers.

Sunday, September 25, 2011

Know the EMI

Home loan, Car loan... Lot of loans to avail. Lot of advertising about the EMI rates. But how much have you understood about the EMI? - its equated monthly installment, EMI. So what is this EMI and how is it calculated?

What is an EMI?

The EMI stands for equated monthly installment, or the EMI, is the amount of money we have to pay month;y to the bank or the to the lender towards clearing the loan.

EMI payments are made every month, for the entire tenure of the loan, till the outstanding amount is completely repaid.

EMI break-up
The EMI that we pay are broken in components of the principal and interest. In the initial years of the loan, a major portion of the EMI goes towards the interest. As time advances, principal gets paid, the balance loan amount reduces. Hence the interest component thus reduces. The EMI, though, stays as a constant amount each month.

The EMI of a home loan is determined by the following four factors:

The principal amount.
The rate of interest.
The tenure of the loan.
Method of computation: daily, monthly or on annual reducing basis.


Annual reducing method: Though the EMI is paid monthly, the adjustment of principal and interest is made at the end of the year. The main drawback of this method is that borrowers continue to pay interest on a portion of the principal that has already been paid back to the lender.
Monthly reducing loans: The better and most common method, it reduces the principal with every EMI paid, each month. The interest is calculated on the outstanding balance.
Daily reducing loans: Reduces the principal every day, with daily loan payments. Interest is charged on the outstanding balance. Practically, of course, such daily payments are not feasible, hence this method isn't popular.



Calculation
EMI is calculated using the formula mentioned below.

EMI = (Loan amount x interest) x (1 + Interest)^n / [(1 + Interest)^n] -1

Interest = (per cent rate)/12

n = Loan period in months

For example, let's calculate the EMI for a loan of Rs 10,00,000 at 11% annum interest rate and loan tenure of 20 years.

Loan amount = Rs 10,00,000

Monthly interest = 0.11/12 = 0.0092

n = 20 years, that is, 240 months

EMI = (10,00,000 X 0.0092) X (1+0.0092)^240 / [(1+ 0.0075)^180]-1

EMI = Rs 11391.10

This EMI of Rs 11391.10 is the sum of both the interest and principal portion of the loan, to be paid every month.

The loan amortisation schedule is a table containing home loan information such as period of scheduled payments, amount borrowed and amount outstanding. It also details the breakup of every EMI towards repayment interest and the outstanding principal of the loan.

The amortisation table is prepared with the use of financial mathematics by financial institutions. It could help borrowers make vital decisions about their loan, on prepayment or refinance. It also provides details of interest for tax related benefits.

Home loan borrowers sometimes seek a partial disbursement of their home loan on the basis of the stages of construction of their house. In such cases, a pre-EMI is to be paid, every month till the final loan is disbursed. The real loan repayment would commence only after the entire loan is disbursed. This pre-EMI would therefore comprise of only the interest accrued on the disbursed money.

EMI on fixed rate of interest

Fixed interest rate loans, charge a steady interest rate throughout the tenure of the loan. The EMI therefore remains constant during the tenure of the loan. It is generally better to opt for a fixed rate only when the prevailing interest rates have reached rock bottom levels and if an upward trend is anticipated.

EMI on floating rate of interest

Floating rates, move with the market lending rates and thus prone to fluctuations. The EMI would increase or decrease depending on the interest rate movement. Alternatively, banks may also provide an option to increase the tenure of the loan, at a constant EMI, for borrowers who do not desire their EMI to be increased in case of higher interest rates


Points to Note

Consider the various personal milestones before committing to any lender. Expenditures on an additional family member, children, etc. should be factored in when deciding on your EMI.

Financial institutions offer various schemes to attract potential borrowers. One must read the fine print of the documentation carefully to understand the effective rate of interest and other terms and conditions of the loan.

One should avoid stretching beyond one's capacity to pay. Factor in for interest rate fluctuations and other debt obligations, when arriving at the EMI.

With uncertainties in life and job, it may be better to repay one's debt sooner. Consider the prepayment option if possible, to reduce the debt obligation.

Avoid EMI defaults, by keeping in mind the date at which the EMI is to be paid. Maintain an adequate balance in your account on the relevant date so that the EMI payment is made successfully.

PRODUCTIVITY LINKED BONUS FOR THE ACCOUNTING YEAR 2010-2011

File No. 26-07/2011-PAP

Government of India

Ministry of Communications & IT

Department of Posts

(Establishment Division)

Dak Bhawan,Sansad Marg,

New Delhi-110 001

Dated 23rd September, 2011



All Chief Postmasters General,

Postmasters General

All General Managers (Finance)

Director/Deputy Directors of Accounts (Postal)

Subject:- Productivity Linked Bonus for the Accounting year 2010-2011
Sir/Madam,
I am directed to convey the approval of the President of India for payment of Productivity Linked Bonus for the accounting year 2010-2011 equivalent of emoluments of 60 (Sixty) days to the employees of Department of Posts in Group `D`,Group `C` and non Gazetted Group `B`. Ex-gratia payment of Bonus to Gramin Dak Sevaks who are regularly appointed after observing all appointment formalities and adhoc payment of Bonus to Casual labourers who have been conferred Temporary Status are also to be paid equivalent to allowance/wages respectively for 60 (sixty) Days for the same period.
1.1 The calculation for the purpose of payment of Bonus under each category will be done as indicated below.
2. REGULAR EMPLOYEES:
2.1 Bonus will be calculated on the basis of the following formula:-
Average emoluments X Number of days of Bonus
30.4 (Average no. of days in a month)
2.2 The term "Emoluments" for regular Employees include basic Pay in the pay Band plus Grade Pay, Dearness Pay, Personal Pay, Special Pay (Allowance), S.B. Allowance, Deputation (Duty ) Allowance, Dearness Allowance and Training Allowance given to Faculty Members in Training Institutes. In case of drawl of salary exceeding Rs.3500/- (Rs. Three Thousand Five hundred only) in any month during the accounting year 2009-10 the Emoluments shall be restricted to Rs.3500/- (Rs. Three Thousand Five hundred only) per month only.
2.3 " Average Emoluments" for regular Employees is arrived at by dividing by twelve ,the total salary drawn during the year 2010-11 for the period from 1.4.2010 to 31.3.2011, by restricting each month's salary to Rs.3500/- (Rs. Three Thousand Five hundred only) per month. However, for the periods of EOL and dies-non in a given month ,proportionate deduction is required to be made from the ceiling limit of Rs.3500/- (Rs. Three Thousand Five hundred only)
2.4 In case of those regular employees who were under suspension, or on whom dies-non was imposed ,or both, during the accounting year, the clarificatory order issued vide Paras 1 & 3 respectively of this office order No. 26-8/80-PAP (Pt-I) dated 11.6.81 and No. 26-4/87-PAP (Pt.II) dated 8.2.88 will apply.
2.5 Those employees who resigned, retired, left service or proceeded on deputation within the Department of Posts or those who have proceeded on deputation outside the Department of Posts on or after 1.4.2010 will also be entitled to Bonus. In case of all such employees, the Bonus admissible will be as per provisions of Para 2.1 to 2.3 above.
3. GRAMIN DAK SEVAKS (GDS)
3.1 In respect of Gramin Dak Sevaks who were on duty through out the year during 2010-2011, Average monthly Time Related Continuity Allowance will be calculated taking into account the Time Related Continuity Allowance (TRCA) plus corresponding Dearness Allowance drawn by them for the period from 1.4.2010 to 31.3.2011 divided by 12 (Twelve). However, where the Time Related Continuity Allowance exceeds Rs 2500/- (Rs.Two Thousand Five hundred only) in any month during this period., the allowances will be restricted to Rs 2500/- (Rs.Two Thousand Five hundred only) per month. Ex-gratia payment of Bonus may be calculated by applying the Bonus formula as mentioned below:-
Average TRCA X Number of days of Bonus
30.4 (Average no. of days in a month)
3.2 The allowances drawn by a substitute will not be counted towards Bonus calculation for either the substitute or the incumbent Gramin Dak Sevaks. In respect of those Gramin Dak Sevaks who were appointed in short term vacancies in Postman/Group `D` Cadre, the clarificatory orders issued vide Directorate letter No. 26-6/89-PAP dated 6.2.1990 and No. 26-7/90-PAP dated 4.7.91 will apply.
3.3 If a Gramin Dak Sevak has been on duty for a part or the year by way of a fresh appointment, or for having been put off duty, or for having left service,he will be paid proportionate ex-gratia Bonus calculated by applying the procedure prescribed in Para 3.1
3.4 Those Gramin Dak Sevaks who have resigned, discharged or left service on or after 1.4.2010 will also be entitled to proportionate ex-gratia Bonus. In case of all such Gramin Dak Sevaks, the Ex-gratia Bonus admissible will be as per provisions of Para 3.1 above.
3.5 In case of those Gramin Dak Sevaks who were under put off duty or on whom dies non was imposed, or both during the accounting year ,the clarificatory orders issued vide Para 1 & 3 respectively of this office order No. 26-8/80-PAP (Pt I) dated 11.6.81 and No. 26-4/87-PAP (Pt II) will apply.
4. FULL TIME CASUAL LABOURERS INCLUDING TEMPORARY STATUS CASUAL LABOURERS)
4.1 Full Time Casual Labourers (including Temporary Status Casual Labourers ) who worked for 8 hours a day, for at least 240 days in a year for three consecutive years or more (206 days in each year for three years or more in case of offices observing 5 days a week) as on 31.3.2011 will be paid ad-hoc Bonus on notional monthly wages of Rs.1200/- (Rupees Twelve Hundred only)
The maximum ad-0hoc Bonus will be calculated as below:-
(Notional monthly wages of Rs.1200) X (Number of days of Bonus)
30.4 (average no. of days in a month)
Accordingly , the rate of Bonus per day will work out as indicated below:_
Maximum ad-hoc Bonus for the year
365
The above rate of Bonus per day may be applied to the number of days for which the services of such casual labourers had been utilized during the period from 1.4.2010 to 31.3.2011. In case where the actual wages in any month fall below during the period 1.4.2010 to 31.3.2011 the actual monthly wages drawn should be taken into account to arrive at the actual ad-hoc Bonus due in such cases.
5. The amount of Bonus /Ex gratia payment /Adhoc Bonus payable under this order will be rounded to the nearest rupee. The payment of Productivity Linked Bonus as well as the ex-gratia payment and ad-hoc payment will be chargeable to the Head `Salaries` under the relevant Sub –Head of account to which the pay and allowances of the staff are debited. The payment will be met from the sanctioned grant for the year 2011-2012.
6. After payment, the total expenditure incurred and the number of employees paid may be ascertained from all units by Circle and consolidated figures be intimated to the Budget Section of the Department of Posts. The Budget Section will furnish consolidated information to PAP Section about the total amount of Bonus paid and the total number of employees (category-wise) to whom it was distributed for the Department as a whole.
7. This issue with the concurrence of Integrated Finance Wing vide their diary No. 104/FA/10/CS dated 23-9-2011.
8. Receipt of this letter may be acknowledged

Tuesday, September 20, 2011

Encashment of E.L along with L.T.C - CCS (Leave) (Third Amendment) Rules, 2011

Government of India
Ministry of Personnel. Public Grievances and Pensions
Department of Personnel and Training
Notification
New Delhi, the 26th August. 2011.
G.S.R - In exercise of the powers conferred by the proviso to article 309 read with clause (5) of article 148 of the Constitution and after consultation with the Comptroller and Auditor General of India in relation to persons serving in the Indian Audit and Accounts Department, the President hereby makes the following rules further to amend the Central Civil Services (Leave) Rules, 1972. namely :-
1. (i) These rules may be called the Central Civil Services (Leave) (Third Amendment) Rules. 2011
(2) They shall come into force on the date of their publication in the official Gazette.
2. For rule 38- of the Central Civil Services (l.eave) Rules, 1972. the following rule shall be substituted, namely:—


"38-A. Encashment of Earned Leave along with Leave Travel Concession while in service. -
(1) A Government servant may be permitted to encash earned leave up to ten days at the time of availing of Leave Travel Concession while in service, subject to the conditions that-
(a) a balance of atleast thirty days of earned leave is available to his credit after taking into account the period of encashment as well as leave being availed of:
(b) the total leave so encashed during the entire career does not exceed sixty days in the aggregate;
(2) The cash equivalent for encashment of leave under sub-rule (1) shall be calculated as follows namely :-


Cash equivalent
= Pay admissible on the date of availing of availing of the Leave Travel Concession plus Dearness Allowance admissible on that date
------------------------------------------------------------------------- X
30 Number of days of earned leave being encashed subject to the maximum of ten days at one time.


(3) No House Rent Allowance shall be included in the cash equivalent calculated under sub-rule (2);
(4) The period of earned leave encashed shall not be deducated from the quantum of leave that can normally be encashed by the Government Servant under rules 6, 39,39-A,39-B,39-Cand 39-D:
(5) If the Government Servant fails to avail the Leave Travel Concession within the time prescribed under the Central Civil Services (Leave Travel Concession) Rules. 1988, then he shall be required to refund the entire amount of leave so encashed along with interest at the rate of two percent above the rate of interest allowed by the Government as applicable to Provident Fund balances and shall also be entitled for credit bank of leave so debited for leave encashment."




sd/
(Mamta Kundra)
Join Secretary to the Government of India

Monday, September 19, 2011

Inspector of Posts Departmental Examination – Eligibility of officials qualified in Departmental Postmaster Grade – I Exam

by Department of Post (DOP), Govt of India on Tuesday, August 30, 2011 at 11:07am.No. 4 – 29 / 2011 – SPB.II

Government of India

Ministry of Communication & I T

Department of Posts

Dak Bhawan, Sansad Marg

New Delhi, Dated 24th August, 2011

To

The Chief Postmaster General

Uttar Pradesh Circle

Lucknow – 226 001

Subject: Inspector of Posts Departmental Examination – Eligibility of officials qualified in Departmental Postmaster Grade – I Examination – Reg.

Sir,

I am directed to refer to Circle Office letter No. Rectt / M – 20 / IPOs Exam.-2011 / 3, dated 11.08.2011 on the above subject and to say that candidates who qualified the Departmental Postmaster Grade – I Examination and the officials who are undergoing training for Postmaster Grade – I may be permitted to appear in the Limited Departmental Competitive Examination for promotion to the cadre of Inspector of Posts ( IPO ) to be held on 3-4 September, 2011 , if these officials are not yet appointed as Postmaster Grade – I.

Yours faithfully,

Sd/-

( D K Chanda )

Section Officer ( SPB.II )

Copy to all Heads of Postal Circles / Postmasters General

.

Wednesday, September 14, 2011

Govt officials may be allowed to use Facebook

Ahmedabad, September 9
The government is planning to put in place a framework for officials that would allow them to leverage the power of the social media, a top official of the Department of Information and Technology (DIT) said here today.
“We are creating a framework that would help Central departments and officials to use social media like Facebook, Twitter effectively,” said Additional Secretary DIT, Shankar Aggarwal.
“We expect to give a final shape to it (framework) over the next two or three months and notify it,” he said.
“The idea is that they can enter into a dialogue with the public more freely, take suggestions, feedbacks and provide updates. It shall be more of a two-way rather than a one-way communication,” Aggarwal stated.
“Social media is being used extensively by civil society, but unfortunately, we do not have any framework for the Central government and state government,” he said.
“The government officials are scared of using the social media because they are not sure whether they are allowed to use it or not,” he added.
Meanwhile, the government is planning to introduce the Right to Public Services Act soon that would make it mandatory for the government entities to deliver public services in an electronic form too.
“We have already created a framework and for this (Act) and the framework is to be converted into a law. We think we will be able to introduce it in the next session of the Parliament and this will become a law,” he said.
“Under this, we shall be trying to ask the government entities to deliver all the public services in an electronic form also. It has to be achieved over the next five years,” he informed.
Aggarwal said they had been planning to develop a payment gateway for the entire country so that the people could pay electronically for various services. — PTI
Source: CGE News & Tribune India

Vehicle Registration and Driving licence to be Centralised

Vehicle Registration and Issue of Driving licenses will be Centralized soon as Highways Ministry and National Informatics Centre have launched a Centralized database for these two regulations.
Once this Centralized Computerization project is operational driving licenses will be issued in the name of Union of India using the terminals linked to the central database. This procedure will eliminate duplication work as reported by NIC.


Also, details of the automobile will only be a click of a mouse away. Officials said a gazette notification will be issued within a month to make it mandatory that all new licenses would be issued as Indian Union Driving Licence.


It is told that this Centralization process will not take away the powers of State Government as far as Registration of Vehicles and issue of driving licenses are concerned.
The idea of bringing these two regulations under a single window is to prevent anyone from getting multiple licenses from different states. Once the centralized database come in to existence every RTO can access, the same and exercise his powers registration vehicles and and issue of driving licenses. In a nut shell, the new system would eliminate usage of vehicles for destabilizing national security.


In this regard the national transport portal will work as a gateway for multiple purposes for individuals and also for states and security agencies. People can apply for Driving licence, Vehicle registration certificate and for hypothecation online. As per official statement, this system will facilitate online payment of various taxes, fees and transport charges. The vehicle owners can also get SMS alerts of their payments due for insurance and renewal of insurance.


Source: The times of India

Admissibility of interest in PPF (HUF) accounts matured between 13.05.2005 to 07.12.2010

Click here to view – No. 32-01/2010-SB Dated – 10.08.2011

Inspector Posts & LGO Examinations - Revised dates announced

Directorate vide letter no A-34012/04/2011-DE dated 07.09.2011 has announced the following revised dates for conducting Inspector Posts and LGO Examinations.
1.Inspector Posts Examination - 15 & 16-10-2011
2. LGO Examination ----------- 15-10-2011

Action on Corruption

CRIMINAL COMPLAINT CAN'T HOLD UP PENSION BENEFITS

Mere registration of an FIR or filing of a charge sheet under the Prevention of Corruption Act is not enough to withhold the release of pension benefits due to a government servant. The Central Administrative Tribunal (CAT) has ruled that final pension, gratuity, leave encashment or other such benefits due to a government servant on retirement cannot be held back in the event of a criminal complaint against him/her.

The ruling came from a bench of CAT chairman VK Bali and member Ramesh Chandra Panda, which ordered the ministry of finance and the Central Board of Direct Taxes to restore forthwith the full pension of VB Bansal, Assistant Commissioner of Income Tax, and make payment of all arrears due within six weeks. Invoking rule 69 of the Central Civil Service (Pension) Rules 1972, the government had withheld Bansal's final pension, gratuity, leave encashment and some other post-retirement benefits on the ground that a case of disproportionate assets registered against him by the Central Bureau of Investigation on February 2005 was still pending.


Bansal had contended that after investigation, the CBI sent a report to the court for cancellation of the FIR in 2007, and he could not be made to suffer if the court had not taken any decision even after four years. The government argued that if no decision had been taken by the Magistrate concerned, on the cancellation report sent by CBI, it shall be deemed that judicial proceedings were pending.


But the CAT rejected the government's arguments, saying: "It is only after the Magistrate may not accept the cancellation report and may order further investigation in the matter, and on such investigation, the Central Bureau of Investigation (CBI) collects sufficient evidence, which may sustain conviction and the Magistrate may take cognisance, that judicial proceedings can be said to be pending against the applicant (Bansal)."While ordering payment of full pension and post-retirement benefits to Bansal, the bench did not agree to payment of interest on the amount due."However, if the arrears as mentioned above and the withheld post-retiral dues are not released to the applicant within the time mentioned above, the applicant will be entitled to interest thereon at the rate of 9% per annum from that date till the date of actual payment," it added.

Admissibility of commission to SAS Agents- Clarification

SB ORDER NO. 18/2011

No.116-01/2011-SB(AO)
Government of India
Ministry of Communications & IT
Department of Posts
Dak Bhawan, Sansad Marg,
New Delhi-110001, Dated: 13.09.2011



To



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


Subject:- Procedure to be followed during voucher checking by SBCO staff-a clarification regarding.


Sir / Madam,



The undersigned is directed to say that procedure of checking of vouchers of deposits / new accounts opened / withdrawals /closures of accounts etc. under various schemes have been laid down in the Postal Manual of Savings Bank Control, Pairing and Internal Check Organization. The work of SBCO is to ensure that all relevant Rules / procedure and orders issued from time to time are followed by the operative staff in the post offices.


2. It has been brought to the notice of this office that some of the officials working in the SBCO are of the view that Rule and Procedures laid down in various POSB Manuals are not meant for SBCO. It is clarified that though it is duty of the operative staff in post offices to follow the laid down rules and procedures in various POSB Manuals and SB Orders issued from time to time, SBCO staff is also equally responsible to ensure that operative staff is following the rules/procedure and orders issued from time to time scrupulously and in case of any violation found during voucher checking, an objection has to be raised as per laid down procedure in the Manual of SB Control, Pairing and Internal Check Organization.


3. It is requested that necessary action may be taken immediately to circulate this clarification to the field units particularly SBCO staff.


4. This issues with the approval of DDG(FS).



Yours faithfully,
(Kawal Jit Singh)









ADMISSIBILITY OF COMMISSION TO SAS AGENTS.



SB ORDER NO. 17/2011
No.116-01/2007-SB
Government of India
Ministry of Communications & IT
Department of Posts
Dak Bhawan, Sansad Marg,
New Delhi-110001, Dated: 09.09.2011
To



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


Subject: - Admissibility of commission to SAS Agents.


Sir / Madam,


The undersigned is directed to say that there are lot of audit paras raised by teams of DG P&T Audit in many circles regarding irregular commission paid to SAS agents where the investment was made exceeding the limit of Rs.50,000/- by cash at a time. One Draft Audit Para relating to Delhi and NE Circles has become CAG Para.


2. As per agency rules, prior to issue of SB Order No.3/2011 dated 11.3.2011, limit for acceptance of cash at a time from SAS agents was Rs.50,000/- which has now been reduced to Rs.10,000/-. In 2004, Regional Director, National Savings Institute, New Delhi vide letter no. Misc/2004 dated 3.11.2001 had intimated the Delhi Circle that agents are not entitled for commission on cash deposits of more than Rs., 50,000/- at a time. CAG Para was also referred to Min. of Finance (DEA) which opined that commission if paid in such cases is irregular and recovery of commission paid cannot be waived.


3. It is therefore requested that where any SAS agent deposited cash more than Rs.50,000/- at a time in any post office and commission was paid to him, the commission paid has to be recovered from the concerned agent if his agency is active and action should be taken against the officials responsible for accepting cash deposits exceeding the prescribed limit. Where the agent is inactive but his agency is not lapsed, his appointing authority may be asked to recover the amount from his security deposit. In case the agency of agent is expired and not further renewed or agent has already expired, such cases may be referred to this office.


4. In future, it may be ensured that no cash more than the prescribed limit of Rs.10,000/- at a time should be accepted from the SAS agents as no commission is payable on such irregular deposits.


5. It is requested that necessary action may be taken immediately to circulate this letter to field units and any violation of these orders by postal staff should be viewed seriously.


6. This issues with the approval of DDG(FS).
Yours faithfully,
(Kawal Jit Singh)

Monday, August 29, 2011

Incentive Structure for Procurement of RPLI Business w.e.f. 01.10.2009

RPLI business (Direct Agents (RPLI), FOs/GDS & other RPLI Sales Force)
(a) 10% of First Year premium towards the RPLI policies procured by them w.e.f.01.10.2009
(b) 10% of total incentive paid to GDS to SDI/ASP- in First Year only.
(c) 2.5% of renewal premium income collected by them in respect of those policies procured on or after 01.10.2009

Additional Commission of 1.5% of premium shall be paid to the Group Leaders/ Entrustees for collecting premium towards 1000 or more such RPLI policies procured on or after 01.10.2009
Source :Directorate of PLI Letter No. 26-02/2009-LI Dated: 18.09.2009

Tuesday, August 2, 2011

Engagement of GDS on compassionate grounds-Revised instructions on selection procedure

No. 17-17/2010-GDS
Government of India
Ministry of Communications & IT
Department of Posts
(GDS Section)
Dak Bhawan, Sansad Marg.
New Delhi-110116
Dated: 01 Aug 2011


Chief Postmaster General
Postmaster General
General Manager (Finance)
Director of Account (Postal.)


Subject: SCHEME FOR ENGAGEENT OF GDS ON COMPASSIONATE GROUNDS-MERIT POINTS AND PROCEDURE FOR SELECTION – REVISED PROVISIONS THEREOF.


Attention of all concerned is invited to this Directorate letter of even number dated 14 Dec 2010 under which the scheme for engagement of GDS on compassionate grounds with merit points & procedure for selection was circulated and made effective for all the compassionate engagement cases to be considered on or after 01.01.2011


2. The Scheme has recently been reviewed in this Directorate and in partial modification to the existing provisions contained in Para 7 of the Scheme, the following revised provisions may be substituted:-


(a) The existing ceiling of 10% is removed. All requests for compassionate engagement would be considered by the Circle Relaxation Committee on application of the relative merit points prescribed in this Directorate letter dated 14.12. 2010 in hard and deserving cases only subject to availability of the vacancy for the purpose & fulfillment of the terms and conditions of the GDS post. The term "hard and deserving cases" would mean cases over and above 50 merit points.
(b) All cases that are more than 5 years old or in which there is/are earning members(s) in the joint families hithertofare considered initially by the Circle Relaxation Committee and prescribed to be referred to this Directorate for approval would also be decided by the Circle Relaxation Committee concerned without further reference to this Directorate.
(c) All other provisions contained in the Scheme dated 14.12. 2010 shall continue to apply as already prescribed and all compassionate engagement shall be approved within the ambit of the prescribed Scheme only.


3. The revised provisions shall take effect from the date of application of the original Scheme. However, no past case decided in accordance with the original scheme prior to issue of this order shall be reopened. All cases lying undecided for whatever reasons may be decided only by the Circle Relaxation Committee without any further reference to this Directorate.





Sd/
(Surender Kumar)
Asst. Director General (GDS)

Friday, July 29, 2011

Number of chances to appear LGO examination increased

No 60-10/2011-SPB-I
Government of india
Ministry of Communications & IT
Department of Posts

Dak Bhavan, New Delhi-I10116
Dated the 26th July, 2011

Subject: Increase in the number of chances to appear in the Limited Departmental Competitive Examination (LGO Examination) to fill up the posts of Postal Assistant /Sorting Assistant.
Sir /Madam,

I am directed to refer to the Directorates letter No. 37-63/98-SPB-I (Pt ) dated 20/26.8.1999 regarding increasing the number of chances to appear n the Limited Departmental Competitive Examination (LGO Examination) to fill up the posts of Postal Assistant Sorting Assistant from 5 to 6. The matter has since been reviewed and it has been decided by the competent authority to increase the number of chances for OC candidates to appear in the Limited Departmental Competitive Examination (LGO Examination) to fill up the posts of Postal Assistant / Sorting Assistant from 6 to 8. It has also been decided to increase the chances for SC/ST candidates to appear in the said examination to 10 provided there are vacancies reserved for candidates belonging to SC/ST and in case any SC/ST candidate is appointed on the basis of his/her 9th or 10th chance he/she shall be appointed against the vacancy reserved for SC/ST, as the case may be, irrespective of his/her merit in the examination.

2 It is requested that these instructions may be given wide publicity immediately.

Yours faithfully,
Sd/-
B P Sridevi
Director ( Staff )

Tuesday, July 12, 2011

Recruitment of meritorious sports persons as PAs/SAs/Postmen in AP circle

Chief Postmaster General Hyderabad has issued notification vide no WLF/OSP/RECTT/2010 dated 11-07-2011 for recruitment of meritorious sports persons as PAs/SAs/Postmen.Total posts PA(Men)-30 PA(Women)-6 S.A-4 and Postmen-21 The last date for receipt of applications is 31-08-2011.Educational Qualification A)For PAs/SAs is Intermediate B)For Postmen is Matriculation or Equivalent.Age should be between 18 and 25 years as on the last date prescribed for receipt of applications.Upper age limit is relaxed by 5 years in General Category and 10 years in case of SC/ST for sportspersons who are considered meritorious in their respective sports events.

...more

REVISION OF CONSULTATION / VISITING / INJECTION FEE OF AUTHORIZED MEDICAL ATTENDANTS (AMAS) UNDER CS (MA) RULES, 1944.

F.No.B.12012/03/2010-CGHS (P)
Government of India,
Ministry of Health & Family Welfare
Department of Health & Family Welfare
Nirman Bhawan, New Delhi Dated: 6th June, 2011.

OFFICE MEMORANDUM>

Subject: – Revision of consultation / visiting / injection fee of Authorized Medical Attendants (AMAs) under CS (MA) Rules, 1944.

The undersigned is directed to refer to this Ministry's O.M. No.S.14025/10/2001-MS, dated 31-12-2002 on the subject mentioned above and to say that the issue of further revision of consultation / visiting / injection fees of different categories of Medical Officers (Authorized Medical Attendants) appointed for the treatment of Central Government employees and their dependent family members covered under CS (MA) Rules, 1944 of various Ministry / Departments / States / Union Territories has been under consideration of this Ministry for sometime. It has now been decided to revise the same as indicated below:-


Medical Postgraduate / Specialists In Rs. Consultation Fees

First Consultation 100
Subsequent Consultation 60
Injection Fees
Intramuscular / Subcutaneous 20
Intravenous 40

Medical Licentiates and Medical Graduates (MBBS or equivalent) Consultation Fees

First Consultation 70
Subsequent Consultation 40
Injection Fees
Intramuscular / Subcutaneous 20
Intravenous 40

2. These orders will supersede the earlier orders issued on the subject from the date of issue.

3. It is also clarified that now there are no separate charges for day and night consultation, as these were prevailing earlier.

4. This order will be effective from the date of issue.

5. This issues with the concurrence of IFD vide Dy. No. C-2699, dated 3.3.2011.

Creation of 53 technical posts for CEPT & approval of Recruitment Rules

The Directorate letter No. 43-32/2008-PE II Dt. 06.07.2011 with regard to duties to responsibilities of OSD (CEPT) at Postal Directorate in which it is stated that fresh creation of 53 technical posts for CEPT is being pursued.

The full text of the orders can be downloaded in the following link

Dte. No: 43-32/2008-PE II Dt. 06.07.2011

POST OFFICE SAVINGS ACCOUNTS TO BE TAXED FROM CURRENT FISCAL.

NEW DELHI: The government has decided to levy tax on the interest obtained on Post Office savings schemes from the current financial year.



The Central Board of Direct Taxes ( CBDT) has brought out a notification in this regard recently, which stipulates that any interest earned beyond Rs 3,500 (in case of individual accounts) and Rs 7,000 (in case of joint accounts) will be taxable from the running fiscal.



The CBDT-- which is the administrative authority of the Income Tax Department-- has issued the notification to all the tax collection ranges across the country for implementation.



Taxpayers will have to reflect this investment on their income tax returns.



"Taxpayers who now invest in the post office saving accounts schemes will now have to show the interest earned on this scheme while filing their income tax returns. Interest upto Rs 3,500, in case of single accounts and Rs 7,000 in case of joint accounts, is exempted," a senior I-T official said.



The Assessing Officer (AO) will compute the tax on the interest earned, beyond the exemption limit, accordingly, he said.



The current interest rates for Post Office savings deposits is 3.5 per cent per annum.



The minimum investment limit in this scheme is Rs 50 while the maximum limit is Rs one lakh for an individual account and Rs 2 lakh in case of a joint account.

India Post to lose its monopoly; govt. forces courier cos to charge double rates

India Post to lose its monopoly; govt. forces courier cos to charge double rates
NEW DELHI: A planned overhaul of a 113-year-old postal law proposes to end government monopoly completely in the next decade and a half, but, ironically, sets the clock back for courier companies, which are governed by a different policy at present. The draft Post Office Bill 2011 aims to open the letter mail segment to the private sector in 15 years by withdrawing all exclusive rights to India Post and removing all pricing curbs on private courier companies. The Department of Posts has sent the draft bill for cabinet approval to replace the archaic Indian Post Office Act 1898. The amendment will also provide greater legitimacy to the courier industry.
"Considering the role of couriers in the present economy, opening up the letter mail sector to them will not only accord legitimacy to the private operators but also would be recognition of market reality ," said an official in the department privy to the cabinet note. Courier companies are not celebrating , though. They say the transition regime proposed is too harsh and could end up killing the over Rs 7,000-crore domestic industry that engages nearly one million workers and pays Rs 1,200 crore in service tax.
In the run-up to the complete deregulation , the draft bill has proposed to open the express mail segment (EMS) with a "reserve area" of 50 gm for all articles at a price multiple of twice the government EMS rate. That is, a courier firm will have to charge at least Rs 50 for a package weighing up to 50 g, which is twice the Rs 25 charged by India Post for its Speed Post service for a similar package. At present, couriers are allowed in the EMS segment without any restriction or price, making the market fiercely competitive. The reserve area regulation will give India Post time to prepare for a more competitive regime.
"The proposal to have a reserve area for EMS is unfair and will lead to anti-competitive behavior by the postal department," said Vijay Kumar, chief operating officer, Express Industry Council of India . It could lead to the extinction of the courier industry, he said. Introduced in 1986, Speed Post is the only EMS service provided by India Post. The department has strongly defended the proposal to impose a reserve area by citing international examples. Globally, postal deregulation has been in phases and exclusive rights for state-run postal business still exist in many countries. In India, the courier industry has run ahead of the postal laws because it was allowed under the foreign direct investment regime, which allows 100% overseas investment in the business. International courier companies, such as DHL , TNT, FedEx and UPS , secured FIPB approval under the 100% FDI route.
The bill will now recognize them under the postal law, but the proposed transition turns the clock back somewhat by imposing restrictions that did not exist earlier. "Over 60% of the business for small- and medium-sized courier business in India is dependent on document delivery, which is typically within the 50 gm weight segment ," said RK Saboo, deputy managing director, First Fight Couriers. The proposal was retrogade and would force small courier firms to close down, he said.
The private industry is also not enthused by the entry in the normal mail business, or letter mail segment , where the draft bill has fixed a reserve area of Rs 150 gm for all registered couriers at a price multiple of Rs 2 times the postage of letter mail. The industry says India Post service is highly subsidized , which industry says will make it difficult for it to compete. The bill, which is likely to be introduced in the forthcoming monsoon session of Parliament, has also proposed to simplify registration and licensing of couriers without charging any fees. Most large domestic courier companies in the country like DTDC, First Flight and Skypak are all registered with the Registrar of Companies
Source: The Economic Times. July 9, 2011

Monday, June 27, 2011

Employees whose DNI falls between 1st February to 1st June(Pre Revised Scale)...

Anomaly in annual increment arising due to the implementation of 6th Central Pay Commission Recommendations

The point regarding the anomaly relating to Rule 9 of the CCS (RP) Rules, 2008, concerning the date of next increment has been discussed in second Anomaly Committee meeting held on 27th March 2010. According to the Minutes of the meeting, Published by DOP&T on 4th May 2010, the Staff Side reiterated their demand that employees whose date of next increment falls between 1st February to 1st June may be given an increment, as a onetime measure, in the pre revised pay scales on 1.1.2006 as has already been done in respect of employees whose next date of increment was 1.1.2006.

The representatives of the Department of Expenditure stated that it is important to first examine the repercussions of granting an increment w.e.f 1. 1. 2006 in the pre revised pay scale because such a decision may eventually lead to certain other anomalies. After a long discussion, it was agreed that the Official Side would re- examine the matter and either suitable clarification in this regard will be issued before the next meeting of the National Anomaly Committee or if there is a need, the Department of Expenditure shall discuss the matter again with the representatives of the Staff Side.

But ,as agreed by the official side,the suitable clarification not been issued till now .

One of our viewer Ms.Pushpa Malhotra,writes her views regarding Pay anomaly in annual increment arising due to the implementation of 6th Central Pay Commission Recommendations .

Dear Sir,
I like to invite government’s kind attention to the minutes of the second meeting of National Anomoly Committee held on 27th March,2010 and like to convey my sincere gratitude as an individual for the concern shown by Govt. representatives and representatives of Staff side in resolving the anomalies out of 6th CPC.

While discussing the Agenda No.5 (v), the representatives of the Govt. had expressed apprehension that granting an increment w.e.f. 01.01.2006 in pre-revised pay- scale to those employees whose date of next increment falls between 1st February to 1st June, as a one time measure may eventually lead to certain anomalies and therefore proposal had to be examined first. In this connection, I would like to submit that by all probabilities, it may not create anomaly because the seniors got this benefit by taking the increment on or before 01.01.2006. However more realistic approach could be to revise the pay on the date of increment / promotion between 01.02.2006 to 01.06.2006 and allow the next increment on 01.07.2006. In this case the employees may forego the arrears for the period from 01.01.2006 till revision of pay as they will draw pre-revised pay till then.

I hope the official side will come out with an appropriate solution to solve the anomaly. Needful to mention that my increment date was 01.02.2006 and retirement date falls on 31st March. The increment drawn for the period from 01.02.2006 to 30.06.2006, 01.02.2007 to 30.06.2007 and 01.02.2008 to 30.06.2008 in the pre-revised grade have been withdrawn and my arrears were very less than my juniors due to postponement of increment dates. Besides, it will effect my pensionary benefits because my retirement date falls on 31st March, whereas before 6th CPC, the increment date was 1st February i.e. before my retirement and my pension would have fixed after drawal of increment.

I hope, the Govt. will consider the issue sympathatically and issue necessary orders to settle the anomaly so that we are not put to regular financial loss, including pensionary benefits.

(Pushpa Malhotra)
Assistant,
National Council for Cooperative Training,
Under M/o Agriculture, (Deptt. of Agril. & Coopn.)

CBDT Notification on exemption of Filing IT return

The Central Board of Direct Taxes has notified the scheme exempting salaried taxpayers with total income up to Rs.5 lakh from filing income tax return for assessment year 2011-12, which will be due on July 31, 2011. Individuals having total income up to Rs.5,00,000 for FY 2010-11, after allowable deductions, consisting of salary from a single employer and interest income from deposits in a saving bank account up to Rs.10,000 are not required to file their income tax return.Such individuals must report their Permanent Account Number (PAN) and the entire income from bank interest to their employer, pay the entire tax by way of deduction of tax at source, and obtain a certificate of tax deduction in Form No.16. Persons receiving salary from more than one employer, having income from sources other than salary and interest income from a savings bank account, or having refund claims shall not be covered under the scheme. The scheme shall also not be applicable in cases wherein notices are issued for filing the income tax return under section 142(1) or section 148 or section 153A or section 153C of the Income Tax Act 1961.
NOTIFICATION NO. 36/2011 F. NO. 142/09/2011 (TPL), DATED 23-6-2011
In exercise of the powers conferred by sub-section (1C) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby exempts the following class of persons, subject to the conditions specified hereinafter, from the requirement of furnishing a return of income under sub-section (1) of section 139 for the assessment year 2011-12, namely :—

Class of Persons
1. An Individual whose total income for the relevant assessment year does not exceed five lakh rupees and consists of only income chargeable to income-tax under the following head,—

(A) "Salaries";
(B) "Income from other sources", by way of interest from a savings account in a bank, not exceeding ten thousand rupees.
Conditions
2. The individual referred to in para 1,—
(i) has reported to his employer his Permanent Account Number (PAN);
(ii) has reported to his employer, the incomes mentioned in sub-para (B) of para 1 and the employer has deducted the tax thereon;
(iii) has received a certificate of tax deduction in Form 16 from his employer which mentions the PAN, details of income and the tax deducted at source and deposited to the credit of the Central Government;
(iv) has discharged his total tax liability for the assessment year through tax deduction at source and its deposit by the employer to the Central Government;
(v) has no claim of refund of taxes due to him for the income of the assessment year; and
(vi) has received salary from only one employer for the assessment year.
3. The exemption from the requirement of furnishing a return of income-tax shall not be available where a notice under section 142(1) or section 148 or section 153A or section 153C of the Income-tax Act has been issued for filing a return of income for the relevant assessment year.
4. This notification shall come into force from the date of its publication in the Official Gazette

Clarifications on Children Education Allowance

No.21011/16/2009-Estt.(AL)
Government of India
Ministry of Personnel, P.G. & Pensions
Department of Personnel & Training
****
New Delhi, dated 17 th June,2011
OFFICE MEMORANDUM
Subject: - Clarification on Children Education Allowance.
The undersigned is directed to refer to DOP&T O.M. No. 1201 1 /03/2008-Estt(Al1owance) dated 02-09-2008 and clarificatory OM No.12011/16/2009-Estt.(AL) dated 13.11.2009 on the Children Education Allowance(CEA)Scheme, this Department has been receiving references from various Departments seeking further clarifications. The doubts raised are clarified as under:-

(i) Allowance would be admissible
beyond two children due to failure of sterilization operation.
Education Allowance is admissible only for the first child born after
failure of sterilization operation.


(ii) whether the admissible amount per annum per child (annual ceiling of Rs.15000/-) on account of CEA can be reimbursed in full in the first quarter of the financial/academic year itself.
(i) It is clarified that a Government servant is allowed to get 50% of the total
amount subject to the overall annual ceiling in the first quarter and
the remaining amount in third and or fourth quarter. Front loading of the
entire amount in the first and second is not allowed.
(ii) A Government servant can claim full amount subject to the
annual ceiling of Rs.15000/- in the last quarter.




(Vibha Govil Mishra)
Deputy Secretary (P &A )

Saturday, June 18, 2011

Compassionate Appointment alloted to karimnagar division.

Let us congrates to our new PA selected under compassionate grounds. R/o Kazipet Sri. Shafiuddin.MD Cell No. 9177410266, shafi_786uk@yahoo.com

Monday, April 11, 2011

Wish you all a Happy Srirama Navami.


We wish everyone a very Happy Srirama Navami and wish Lord Rama a Happy Birthday.

Lord Rama is the seventh incarnation of Lord Vishnu, as per the Hindu Mythology. Ram symbolizes morality, virtue and idealism. Rama Slokas form part of prayers offered to the lord. Slokas on Lord Rama are as follows:


"Yanmaya Vashvarti Vishwamkhilambrahamadidevasura,
Yat Sat Vadmrishave Bhati Sakalam Rajoo Yadhaahaibharama,
Yatpadah Palvmaive Bhati Hi Bhavambhodhaisitatti Shravtam,
Vandeaham Tamsheshkaranparam Ramakhayamesham Harim"

Meaning: Lord Hari is also called as Rama and he is beyond all cause. This whole world is a part of his Maya. Lord Ram is the only one, with whose essence everything shines as real (though in reality it is false) where snake is misapprehended as a rope and whose feet are a boat to those who aspire to cross the ocean of Samsara, the relative existence. I surrender myself to such great Lord.

"Moolam Dharmtarovivekjaldhae Poornedumannandam,
Vaiaragayambuj Bhaskaram Tawaghharam Dhavanta Paham Tapham,
Mohambhodharpunjhpatanvidhoo Khe Sambhavam Shankaram,
Vande Braham Kul Kalankshamanam Shree Rambhoopam Priyam"

Meaning: Lord Rama, the beloved King is the root of the tree of all Dharma. He is the full moon, giving delight to the ocean of Viveka or discrimination and the sun for the lotus of Vairagya. He is the destroyer of sin, the dispeller of the darkness of ignorance and the destroyer of pain. In the act of destroying the masses of clouds, of delusion he acts like wind. I bow to the Lord, who is propitious and who brought death to the disgrace to the Brahmin family of Ravana.

"Prasantam Ya Na Gatabhishaket Satatha Na Mamloo Banvasdukhta,
Mukhambujshree Raghunandan Sai Mai Sada Aastu Sa Mujulmangalprada"

Meaning: Lord Rama has a lotus like beautiful face. His beauty neither gets enhanced at the coronation nor fades at the hardships of an exile in the forest. May Lord bless me with all auspicious.

"Neelambhuj Shyamalkomlang Sita Samaropitvambhagam,
Pano Mahasaikacharoochapam Namame Ramam Raghuvanshnatham"

Meaning: Lord Rama is the chief amongst the Raghus. His handsome body is of dark blue color like the blue lotus. He has Sita seated on his left. He is the one, who wields a beautiful bow and arrows in his hands. I bow to such great Lord.

Happy Sri Rama Navami


Here is the Hoping that your
Life be brighten with the Devine
blessing of Lord Sitha Rama.
Happy Sree Ram Navami

Monday, April 4, 2011

Friday, March 18, 2011

PA/SA Exam syllabus & Pattern revised :

Directorate vide letter No.60-10/2011-SPB-I dated 10-3-2011 has circulated revised Pattern and Syllabus for Limited Department Competitive Examination and Direct recruitment for the post of PA/SA for filling up vacancies in the Department. The examination will now be held only for 2 papers without the aid of books with 50 Multiple Choice Questions (MCQ) in each paper.The date for holding of the Examination will be communicated separetly. There will be no change in the pattern and syllabus for MMS Assistants, Foreign Post Assistants, RLO Assistants, Stores Depot Assistants and CO/RO Assistants. The existing pattern of examination will continue to be followed Revised Pattern and Syllabus is as under:


No.60-10/2011-SPB-I
Government of India
Ministry of Communication & IT
Department of Posts

Dak Bhavan, New Delhi-110001.
Dated the 10, March.2011

To


All Chief Postmaster General.


Subject: Revised Pattern and Syllabus for Departmental Examination in respect of Postal Assistants/Sorting Assistants.


Sir/Madam,


I am directed to say that existing pattern and syllabus for Limited Departmental Competitive Examination to fill up the vacancies in the grade of Postal Assistant/Sorting Assistant and that of direct recruitment of Postal Assistant/Sorting Assistant has since been reviewed. It has been decide with the approval of competent Authority to revise the pattern and syllabus of the examination as indicated in the Annexure. The examination will be held without the aid of books.


2. It is requested that the revised Syllabus may be brought to the notice of all concerned.


3. The date for holding the examination will be communicated separately.


4. There will be no change in the pattern and syllabus for MMS Assistants, Foreign Post Assistants, RLO Assistants, Stores Depot Assistants and CO/RO Assistants. The existing pattern of examination will continue to be followed.


Encl. As above


Yours faithfully
sd/-
(Raj Bala Singh)
Section Officer (SPB-II)

Tuesday, March 1, 2011

Urben Post offices which do not conform to the prescribed norms to be relocated/merged by 30.06.2011

Copy of D.G. Posts lr No. 40-06/2010Plg dated 25.01.2011.


Subject: Rationalisation and consolidation of urban network.



Kindly refer to this office letter of even number dated 17.5.2010 on the subject mentioned above calling for views/suggestions from circles regarding need for rationalization and consolidation for urban network, road map to be followed and time frame within which the exercise should be completed,. Almost all the Circles have unanimously favoured the need for rationalization.

2. Due to historical reasons, a major portion of urban postal network lies in the inner city areas consisting of single/double handed non delivery Sub Offices which are not in conformity with the distance criteria of location of post offices. The outer and recently developed areas, however, suffer from lack of even the basic postal facilities in most of the towns/cities. There are also requests for providing postal services in various urban agglomerations, SEZ areas, professional colleges etc. which may also be a profitable activity of the Department .However, due to non-availability of resources, the Department is not able to meet such request.
3. While the entire rural network is subsidized, Post Offices in urban areas are expected to be initially self supporting, and should earn profit of at least 5% at the time of the First annual review, to be eligible for further retention. Despite this, as on 31.3.2010,as many as 5531 SOs in urban areas are reported to be incurring losses.
4. Further, as per the prescribed criteria, the minimum distance between two post offices should be 1.5 Km in cities with a population of 2 lakhs and above, and 2 Km in other urban Areas. No two delivery offices should however be closer than 5 Km from each other. Moreover, a delivery post office in urban area should have a minimum of 7 Postman beats. These norms have not been followed in many cases.
5. Our existing urban network consists of 15797 Post Offices comprising mainly of HOs and SOs. Urban expansion of the country is currently estimated to be 77370sq.kms. As per the prevalent distance norms, this area justifies only about 6000 Post Offices in urban area. This analysis suggests that we have 9797 Pos Offices in urban areas that do not conform to the prescribed norms. This situation warrants need for corrective measures.
6. Need for rationalization of urban network was appreciated by the Department as early as in the year 2003 which led to issuing elaborate instructions to Circles vide D.O. letter No. 40-4/2002-Plg dated 6.1.2003 for relocation/merger of single / double handed post offices. Resultantly, 1262 post offices have been merged/relocated throughout the country. It is however felt that the pace of relocation of post offices is not satisfactory and we are losing out on various business opportunities and the people in outer areas of urban settlements are deprived of the postal services. On the other hand, the Government is not allowing us to further expand our network by creation of new posts not only in urban areas but also in rural areas. Successive Plan Periods have witnessed opening of Post Office by redeployment of posts only without any new creation.
7. For rationalization of postal network in urban areas by way of relocation of Post Offices in new areas and creation of bigger Post Offices by merger of single /double handed Post Offices as per stipulated distance and other norms, the Circles should keep the following into consideration:
(i) There are some Post Offices which are loss making due to high rentals e.g. Post Offices at Railway Stations, important bus terminals, airports etc. We may however not relocate them due to their strategic importance, convenience they offer to the people and high number of footfalls they attract.
(ii) While assessing the need for postal facilities we should have close liaison with local bodies like Municipal Corporation/Municipal Committees, Town Area Committees etc. so that we can be aware of their future plans of expansion of cities and we can accordingly formulate our strategies and have a long-term plan for extending our network in such areas. Regular coordination meetings may be prescribed with such bodies at appropriate levels.
(iii) Post Offices which have been covered under Project Arrow/Post Offices functioning in departmental buildings should not be earmarked for relocation. If there are other Post offices in their vicinity the same may be considered for relocation.
(iv) Post Offices paying high rentals, having low volume of transactions and running in losses should be considered for relocation/temporary merger/permanent merger.
(v) Distance from the nearest post office and the business being transacted should be the main criteria for relocation. Merger of Post Offices.
(vi) In addition to relocating post offices from one area to another, we can also create bigger Post Offices, not below the rank of LSG Offices, by merger of several smaller scattered Post Offices. The bigger Post Offices will be well equipped to cater to the latest postal facilities like IMO, eMO, Videsh MO, IMTS etc. These newly created Post Offices will be manned by redeployment of staff/posts from the nearby post offices.
(vii) It may also be considered to reduce the number of delivery Post Offices, which may lead to obviating the need for the nodal delivery system for Speed Post articles as it is not providing to be cost effective. In any case there is a need to strictly follow the norms of the distance of at least 5 KMs between two delivery offices and also that of delivery Post Office in Urban area having a minimum of 7 Postman beats.
(viii) If opening of a post office is justified in an area, but it is not possible to open post office by relocation or under the Plan targets, opening of franchise outlets may be considered for such area.
8. In, view of the above, Circles are requested to take the following action:
(i) Identification of Post Offices which are at lesser distances than that prescribed under norms. In case, more than one Post Offices are not fulfilling the distance norms, Post Office (s) may be earmarked for relocation on the basis of :
(a) Condition of building
(b) Profitability of Post Office(c) Business of Post Office
(ii) PMsG/CPMsG will interact with all the stakeholders and convince them that relocation and merger would help in providing postal facilities to public and it is in larger public interest.(iii) Identity needy urban and rural areas where there is justification for new Post Offices.(iv) Post Offices once indentified as per (i) above, will be relocated /merged This will be outside the Plan targets.
9. Circles are requested to complete the exercise in respect of sub para (i),(ii)and (iii) {of para 8) by 31.03.2011 and in respect of sub para(iv){para 8} by 30.06.2011. Circles are also requested to send monthly progress reports of action taken, to this Directorate(proforma enclosed).
10. Since the need for opening of Post Offices in new locations seems to be ever increasing , Circles are also requested to open Post Offices by redeployment of posts/staff from the existing office(s), by curtailing staff strength of the existing offices even to less than the justified workload of the office/offices. This exercise would, however, be subject to Plan targets set by the Directorate. The powers for redeployment of Group 'C' and 'D' posts have already been vested with the HoCs vide Directorate letter No. 2-2/93-PE-I dated 7th of Sep, 1993.Under no circumstances should the surplus posts be abolished.
This issue wit h the approval of the competent authority.
Sd/-
(Anurag Priyadarshee)
Director (R.B)
D.G. Posts No. 40-06/2010Plg dated 25.01.2011.

'Certificate of Posting' discontinued

Copy of D.G. Posts letter No.2-4/2008-PO dated 23.02.2011.


Sub: Discontinuation of 'Certificate of Posting'.

Under the provisions of Rule 195 of the Indian Post Office Rules , 1933 'Certificate of Posting' is granted to the public to afford an assurance that letters and other articles for which no receipts are granted by the Post Office and entrusted to servants or messengers for posting have actually been posted.
It has since been decided that' Certificate of Posting' may be discontinued immediately.
A copy of Gazette Notification No. 58(E) dated 31.1.2011 deleting rule 195 of the Indian Post Office Rules, 1933 regarding 'Certificate of Posting' is enclosed for information and necessary action.
This may kindly be brought to the notice of all concerned for strict compliance.
The receipt of this communication may also be acknowledged.
Sd/-
(NIRAJ KUMAR)
Director (PO&I)

MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
(DEPARTMENT OF POSTS)

NOTIFICATION
New Delhi, the 31st January, 2011
GSR.58(E)- In exercise of the powers conferred by clause (d) of sub-section (2) of Section 21 read with section 74 of the Indian Post Office Act, 1898 (6 of 1898), the Central Government hereby makes the following rules further to amend the Indian Post Office Rules, 1933, namely:-
1. (1) These rules may be called the Indian Post Office (Third Amendment ) Rules, 2011.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Indian Post Office Rules, 1933, in part VIII relating to "General Rules", the heading "III-Certificate of Posting "and rule 195 shall be omitted.
[F. No.2-4/2008-PO)

MEERA HANDA
Dy. Director General (PO &CP)

Wednesday, January 26, 2011

NEW PENSION SCHEME

1) REGULATED BY PFRDA. (PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY)


TYPES:

TIER I: PURE PENSION SCHEME
TIER II: INVESTMENT SCHEME (CAN BE WITHDRAWN AT ANY TIME)
BOTH: COMBINATION OF TIER I AND TIER II


WHO CAN JOIN

1.GOVT EMPLOYEES JOINED AFTER 1.1.04 (EQUAL CONTRIBUTION FROM GOVT)
2.GOVT EMPLOYEES JOINED PRIOR TO 1.1.04 (NO CONTRIBUTION)
3.OTHER CITIZENS (NO CONTRIBUTION) OF AGE 18-55.


TIER I:

MIN : Rs. 500/- (MULTIPLES OF Re.1/- )
MAX : NO LIMIT


On attaining age 60, 60% will be paid and 40% will be annutized for monthly pension.


If closed before the age of 60, 80% will be paid and 20% will be annutized.


TIER II:

MIN : Rs. 1000/-
MAX: NO LIMIT


Lock up period: Nil


As the Govt. Employees joined after 1.1.04 are already having Tier I account, they can open only Tier II.


CONDITION:

• Contributions can be made subject to the following conditions :-


• Minimum Amount per contribution - Rs. 500/-
• Minimum Contribution per year - Rs. 6,000/-
• Minimum Number of contributions - 04 per year.


If the above conditions are not fulfilled, Rs. 100/- will be deducted from the balance.
• NPS offers Subscribers two approaches to invest their account :-


• Active Choice : Individual Fund.
• (Equity (not more than 50 %), Corporate bonds and Govt Securities)


• Auto Choice. : Lifecycle Fund.


WHO MANAGES THE FUND?

• ICICI Prudential Pension Funds Management Company Ltd.,
• IDFC Pension Fund Management Company Ltd.
• Kotak Mahindra Pension Fund Limited.
• Reliance Capital Pension Fund Limited.
• SBI Pension Funds Private Limited.
• UTI Retirement Solutions Limited.
• LIC Pension Fund Limited.


Forms for opening of NPS:

1) Subscriber applying fresh Tier-I and Tier-II account: Composite Application Form(CAF) UOS-S1.
2) Subscriber who has been registered for Tier-I and issued a PRAN (Permanent retirement account Number) card: Form UOS-S10.
3) NCIS (NPS contribution Instruction Slip)
4) S1 – Application for PRAN


FORMS SHOULD BE FILLED IN BOLD LETTERS AND IN BLACK INK ONLY

SHOULD BE SIGNED ONLY INSIDE THE RECTANGLE PROVIDED.

RS. 23/- IS TO BE COLLECTED IN ADDITION TO EACH TRANSACTION AS WELL AS FOR ALL TYPES OF SERVICE VIZZ.. CHANGE OF NOMINATON, BANK DETAILS, SWITCH OVER TO OTHER POINT OF PRESENCE (ie.. Postoffice to Banks etc..) ETC..

COLLECTED IN EPAYMENT… NODAL OFFICE : PTC MYSORE.

DISPOSAL OF FORMS:

Except NCIS form all forms viz.. application forms, KYC documents like ID Proof, Age Proof, Residential Proof etc.. should be forwarded to Facilitation Centre.

Sunday, January 9, 2011

Children Education Allowance Scheme – Clarification

No. 12011/08/2010-Estt (AL)

Government of India

Ministry of Personnel, P. G. and Pensions

(Department of Personnel & Training)

New Delhi, the 30th December, 2010

Office Memorandum

Sub: - Children Education Allowance Scheme – Clarification

Subsequent of issue of this Department OM No. 12011/3/2008-Estt (Allowance) dated 02.09.2008 and clarificatory OMs dated 11.11.2008, 23.11.2009 and OM No. 12011/16/2009-(Allowance) dated 13/11/2009 on the Children Education Allowance (CEA) Scheme, this Department has been receiving references from various Departments, seeking further clarifications. The doubts raised are clarified as under: -


(i) Whether CEA is admissible to a Government Servant who ceases to be in service due to retirement, discharge, dismissal or removal from service in the course of an academic year?

CEA/hostel subsidy shall be admissible till the end of the academic year in which the Government Servant ceases to be in service due to retirement, discharge, dismissal or removal from service in the course of an academic year.

The payment shall be made by the office in which the Govt. servant worked prior to these events and will be regulated by the other conditions laid down under CEA scheme

(ii) Whether Children of a Government servant who dies while in service are still eligible for reimbursement under the new CEA scheme?

If a Govt. servant dies while in service, the Children Education Allowance or hostel subsidy shall be admissible in respect of his/her children subject to observance of other conditions for its grant provided the wife/husband of the deceased is not employed in service of the Central Govt., State Government, Autonomous Body PSU, Semi-Government Organization such as Municipality. Port Trust Authority or any other organization partly or fully funded by the Central Govt./State Governments. In such cases the CEA/Hostel Subsidy shall be payable to the children till such time the employee would have actually received the same, subject to the condition that other terms and other conditions are fulfilled. The payment shall be made by the office in which the Govt. servant was working prior to this death and will be regulated by the other conditions laid down under CEA scheme.

(iii) Whether any upper age limit of the children has been prescribed for claiming CEA? Whether CEA can be allowed in case of children studying through “Correspondence or Distance Learning”? If so the age limit prescribed for the same.

The upper age limit for disabled children has been set at the age of 22 years. In the case of other children the age limit will now be 20 years or till the time of passing 12th class whichever is earlier. Cases where reimbursement have been already made, in respect of children above this age may not be reopened. It has also been decided that CEA may henceforth be allowed in case of children studying through “Correspondence or Distance Learning’ subject to other condition prescribed.

(iv) What is the definition of the terms two sets of uniform’ which occur in para 1(e) of our O.M. dated 02.09.08. What is the definition of ‘one set of shoes”?

It is clarified that “one set of shoes’ would mean one pair of shoes and ‘two sets of uniform’ would mean two sets of uniform prescribed by the school in which the child is studying. A set of uniform will include all items of clothing prescribed for a day, as uniform by the school Reimbursement may be allowed for two sets of such uniform irrespective of the colours/winter/summer/PT uniform.

(v) What is the definition of ‘station’ for the purpose of hostel subsidy?

It is clarified that for the purpose of hostel subsidy. Station would be demarcated by the first three digits of the PIN Code of the area where the Government Servant is posted and/or residing’. The first three digits of the PIN Code indicate a Revenue District.

(vi) Whether fee paid to organization / institutions other than the school or fee paid to the private tutors for purposes mentioned in para 1(e) of the OM dated 2.9.2008 is reimbursable

No. it is clarified that the term ‘fee’ contained in the para 1 (e) of the OM dated 2.9.2008 would mean the fee charged by the school directly from the student

Sd/-

(Smmi R. Nakra)

Director (P&A