Tuesday, February 5, 2019

Gazette Notification - NPS Contribution 14% of Basic Pay plus DA by the Central Government

Gazette Notification - NPS Contribution 14% of Basic Pay plus DA by the Central Government
NPS-BasicPay-DA-Central-Government-Gazette-Notification


“The monthly contribution would be 10 percent of the Basic Pay plus Dearness Allowance (DA) to be paid by the employee and 14 percent of the Basic Pay plus DA by the Central Government”
Streamlining the Implementation of National Pension System (NPS)
MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 31st January, 2019

F. No. 1/3/2016-PR. - In partial modification of para 1(i) of Ministry of Finance’s Gazette Notification No. 5/7/2003-ECB-PR dated 22nd December, 2003, based on the Government’s decision on 6th December, 2018 on the recommendations of a Committee set up to suggest measures for streamlining the implementation of National Pension System (NPS), the Central Government makes the following amendments in the said notification, namely :

(1) In para I (i) of the said notification, for the words "The monthly contribution would be 10 percent of the salary and DA to be paid by the employee and matched by the Central Government", the words "The monthly contribution would be 10 percent of the Basic Pay plus Dearness Allowance (DA) to be paid by the employee and 14 percent of the Basic Pay plus DA by the Central Government" shall be substituted.

(2) The following provisions shall be inserted after para 1(v) of the said notification, namely:

CHOICE OF PENSION FUND AND INVESTMENT PATTERN IN TIER-I OF NPS AS UNDER:

(vi) Choke of Pension Fund: As in the cast of subscribers in the private sector, the Government subscribers may also be allowed to choose any one of the pension funds including Private sector pension funds. They could change their option once in a year. However, the current provision of combination of the Public-Sector Pension Funds will be available as the default option for both existing as well as new Government subscribers.

(vii) Choice of Investment pattern: The following options for investment choices may be offered to Government employees:
(a) The existing scheme in which funds are allocated by the PFRDA among the three Public Sector Undertaking fund managers based on their past performance in accordance with the guidelines of PFRDA for Government employees may continue as default scheme for both existing and new subscribers.
(b) Government employees who prefer a fixed return with minimum amount of risk may be given an option to invest 100% of the funds in Government securities (Scheme G).
(c) Government employees who prefer higher returns may be given the options of the following two Life Cycle based schemes.
(A) Conservative Life Cycle Fund with maximum exposure to equity capped at 25% - LC-25.
(B) Moderate Life Cycle Fund with maximum exposure to equity capped at 50% - LC-50.
 (viii) Implementation of choices to the legacy corpus: Transfer of a huge legacy corpus of more than Rs. 1 latch crore in respect of the Government sector subscribers from the existing Pension Fund Managers is likely to impact the market. It may be practically difficult for the PFRDA to allow Government subscribers to change the Pension Funds or investment pattern in respect of the accumulated corpus, in one go. Therefore, for the present, change in the Pension Funds or investment pattern may be allowed in respect of incremental flows only.

(ix) Transfer of legacy corpus in a reasonable time frame: PFRDA may draw up a scheme for transfer of accumulated corpus as per new choices of Government subscribers in a reasonable time frame of say five years. Once PFRDA draws up this scheme, change in the Pension Funds or investment pattern may be allowed in respect of the accumulated corpus in accordance with that scheme.
COMPENSATION FOR NON-DEPOSIT OR DELAYED DEPOSIT OF CONTRIBUTIONS DURING 2004-2012:

(x) In all cases, where the NPS contributions were deducted from the salary of the Government employee but the amount was not remitted to CRA system or was remitted late, the amount may be credited to the NPS account of the employee along with interest for the period from the date on which the deductions were made till the date the amount was credited to the NPS account of the employee, as per the rates applicable to GPF from time to time, compounded annually.

(xi) In all cases where the NPS contributions were not deducted from the salary of the Government employee for any period during 2004-2012, the employee may be given an option to deposit the amount of employee contribution now. In case he opts to deposit the contributions now, the amount may be deposited in one lump sum or in monthly installments. The amount of installment may be deducted from the salary of the Government employee and deposited in his NPS account. The same may qualify for tax concessions under the Income Tax Act as applicable to the mandatory contributions of the employee.


(xii) In all cases where the Government contributions were not remitted to CRA system or were remitted late (irrespective whether the employee contributions were deducted or not), the amount of Government contributions may be credited to the NPS account of the employee along with interest for the period from the date on which the Government contributions were due till the date the amount is actually credited to the NPS account of the employee, as per the rates applicable to GPF from time to time. Instructions to this effect may be issued by the Department of Expenditure/ Controller General of Accounts. All such cases of delay may be resolved within a period of three months.

2. The above provisions shall come into force with effect from 1st April, 2019.

MADNESH KUMAR MISHRA, Jt. Secy.

Kendriya Vidyalaya Admission 2019-20 - Online Registration Open on 1.3.2019

Kendriya Vidyalaya Admission 2019-20 - Online Registration Open on 1.3.2019

KV School Admission Process for Class - 1
Kendriya-Vidyalaya-Admission-2019-2020

KV School Admission 2019-20 Schedule Dates

Kendriya Vidyalaya Sangathan has announced the schedule dates for Admission Process for Class – 1 for the academic year 2019-20. The Online Registration for Class-1 Process will begin by 1st March, 2019 through official portal of KV Sangathan.
The official advertisement for admission in all KV Schools will be published by the last week of this month and Guidelines for Online registration also published by the KVS.
Online Registration for Class-1: The process is scheduled to start from 1.3.2019 (8.00 A.M) to 19-03-2019 (4.00 P.M.).
The first provisional selection list for Class-1 is scheduled to publish on 26th March, 2019. And the second selection list will be published on 9.4.2019 and third list, if seats remain vacant will publish on 23.4.2019.
RTE Privision: The extended date for Second Notification for admissions to be made under RTE Provisions for Class-1.

Notification on 30.3.2019
Registration: 30.3.2019 to 6.4.2019
Admission: 8.4.2019 to 15.4.2019.
In case sufficient number of registrations for SC/ST not received in 1st Phase, second notification may be issued.
Notification:30-03-2019
Registration:30-03-2019 to 6-04-2019
Admissions: 8-04-2019 to 15-04-2019
Registration for Class-II onwards (except Class XI)-Subject to availability of vacancies in a particular class: 2-4-2019 From 8:00 A.M. to 9.4.2019 Till 4.00 P.M Note: During school hrs.
Declaration of list of class II onwards: 12-4-2019
Admission for class II onwards. 12-4-2019 to 20-4-2019
Last date for admission except Class XI: 30-4-2019
For KV students: Registration for admission in class XI: Within 10 days after declaration of Board results.
KV students: Display of admission list & admissions for Class-XI.
Within 20 days after declaration of Board results.
Non-KV students: Registration, display of admission list & admissions in class XI (Subject to availability of vacancies): After the admissions of KV students in class XI.
Last date of Admission for class XI.: 1/7/19
DescriptionScheduled Dates
Advertisement for admissionLast Week of February
Online Registration for Class-I01-03-2019 From 8.00 A.M
Last date of Online Registration for Class-I19-03-2019 Till 4.00 P.M.
Declaration of provisionally selected list for Class I & admissions for Class-I.1st List 26-03-2019
2nd List 09-04-2019 (if seats remain vacant)
3rd List 23-04-2019 (if seats remain vacant)
Extended date for Second Notification for admissions to be made under RTE Provisions (Class-I), if sufficient applications not received under RTE Provisions.Notification:30-03-2019
Registration:30-03-2019 to 06-04-2019
Admissions: 08-04-2019 to 15-04-2019
In case sufficient number of registrations for SC/ST not received in 1st Phase, second notification may be issued.Notification:30-03-2019
Registration:30-03-2019 to 06-04-2019
Admissions: 08-04-2019 to 15-04-2019
Registration for Class-II onwards (except Class XI)-Subject to availability of vacancies in a particular class.02-04-2019 From 8:00 A.M. to
09.04.2019 Till 4.00 P.M
Note: During school hrs.
Declaration of list of class II onwards.12-04-2019
Admission for class II onwards.12-04-2019 to 20-04-2019
Last date for admission except Class XI.30-04-2019
For KV students: Registration for admission in class XI.Within 10 days after declaration of Board results.
KV students: Display of admission list & admissions for Class-XI.Within 20 days after declaration of Board results.
Non-KV students: Registration, display of admission list & admissions in class XI (Subject to availability of vacancies)After the admissions of KV students in class XI.
Last date of Admission for class XI.01-07-2019

Inclusion of Castes in OBC Lists - PIB

Ministry of Social Justice & Empowerment

Inclusion of Castes in OBC Lists

Inclusion of castes/communities in the Central List of OBCs is a continuous process. Proposals have been received from various States during the years 2016, 2017 and 2018 for inclusion of castes/communities in the Central List of OBCs. The State-wise and year-wise status is given below. At present, no proposal for inclusion of caste/community from State/UT is pending with the Government.

The National Commission for Backward Classes (NCBC) constituted w.e.f. 15.08.2018 by insertion of new article viz. article 338B in the Constitution, similar to article 338, applicable for National Commission for Scheduled Castes and article 338A applicable for National Commission for Scheduled Tribes, would have the powers and responsibilities that of NCSC for SCs and NCST for STs including power to advice on inclusion in the Central List of OBCs.

No such advice received from erstwhile National Commission for Backward Classes is pending with the Government. The Commission to Examine Sub-categorization of Other Backward Classes is mandated to submit its report by 31.05.2019.

Statement showing State-wise & year-wise status of processing of proposals for inclusion of castes/communities in the Central list of OBCs during the last three years.

StateNo. of  EntryStatus
2016
Andhra Pradesh09Included in the Central List of OBC
Bihar02Included in the Central List of OBC
Jharkhand05Included in the Central List of OBC
Jammu & Kashmir02Included in the Central List of OBC
Maharashtra01Included in the Central List of OBC
Madhya Pradesh11Included in the Central List of OBC
Uttarakhand02Included in the Central List of OBC
Telangana86Included in the Central List of OBC
2017 and 2018
No advice received from erstwhile NCBC on the proposals/requests is pending with the Government.
An 'entry' for this purpose includes caste, its synonyms and sub-castes

This information was given by Minister of State for Social Justice and Empowerment Shri Krishan Pal Gurjar in a written reply in Lok Sabha today.

Source: PIB

Reimbursement of Rent to Government Servants - Finmin Orders 01.2.2019

Reimbursement of Rent to Government Servants - Finmin Orders 01.2.2019

Reimbursement of rent to Government servants during their temporary stay (upto a maximum period of six months) in State Bhavans/Guest Houses/Departmental Guest Houses run by Central Government/State Governments/Autonomous Organizations etc.

No.2/05/2018-E.II(B)
Government of India
Ministry of India
Department of Expenditure
North Block, New Delhi,
Dated, 01st February 2019
Office Memorandum
Subject: Reimbursement of rent to Government servants during their temporary stay (upto a maximum period of six months) in State Bhavans/Guest Houses/Departmental Guest Houses run by Central Government/State Governments/Autonomous Organizations etc.

Several references are being received in this Department seeking clarification regarding applicability of instructions contained in this Department’s O.M. No.2(25)/2004-E.II(B) dated 15.12.2011 to Central Government officials on their stay in State Bhavans/Guest Houses and also in cases where Central Government officials stay in Department Guest Houses.

2. The matter has been considered in this Department. In supersession of the instructions contained in aforesaid O.M. Dated 15.12.2011, it has been decided that the officials on their posting to the Centre and the Central Government Officials on their transfer/posting to a new station, necessitating chages of residence if they temproarily stay in State Bhavans/Guest Houses/Departmental Guest Houses run by Central Government / State Government/Autonomous Organizations etc., may be reimbursed the amount of rent paid subject to fullfillment of the following conditions:
(a) The official has applied for accommodation of his entitlement, but has not been alloted residential accommodation by the Government
(b) The concerned Guest House should be located at the place of posting of the official.
(c) The official must have stayed in State Bhavans/Guest Houses/Departmental Guest Houses run by Central Government / State Government/Autonomous Organizations etc.and submit rent receipt in support of payment of rent.
(d) Reimbursement of rent shall be admissible up to a maximum period of six months.
(e) No House Rent Allowance (HRA) shall be admissible during this period.
3. These orders shall be effective from the dated of issue.
4. In so far the persons serving in the India Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.
Hindi version is attached.
sd/-
(Nirmala Dev)
Deputy Secretary to the Government of India
Source: DoE

Now Trending

34% DA Order for Central Govt Employees wef 01.01.2022 - Latest CG Employees DA Order Jan 2022

 DA Order for Central Government Employees from Jan 2022 - Finmin Order 2022 Latest CG Employees DA Order Jan 2022 Dearness Allowance payabl...

Disclaimer:

All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. Our blog "Central Government Staff news" accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog.

Links to other websites that have been included on this blog are provided for public convenience only.

The blog "Central Government Staff news" is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.

Any suggestions write to us
centralgovernmentnews@gmail.com