Saturday, March 24, 2018

Rates of small savings schemes

Rates of small savings schemes
22 Mar,2018
The revised Rates of Interest on various Small Savings Schemes Including Saving Deposits, Public Provident Fund, Kisan Vikas Patra and Sukanya Samriddhi Accounts Scheme for the 4th Quarter of financial year 2017-18 is as below:

InstrumentRate Of Interest W.E.F. 01.01.2018 To 31.03.2018
Savings Deposit4.0
1 Year Time Deposit6.6
2 Year Time Deposit6.7
3 Year Time Deposit6.9
5 Year Time Deposit7.4
5 Year Recurring Deposit6.9
5 Year Senior Citizen Savings Scheme8.3
5 Year Monthly Income Account7.3
5 Year National Savings Certificate7.6
Public Provident Fund Scheme7.6
Kisan Vikas Patra7.3 (will mature in 118 months)
Sukanya Samriddhi Account Scheme8.1

This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Rajya Sabha.

Source : PIB

DoPT: Engagement of workers in Grih Kalyan Kendra New Delhi for gaining work experience

F.No. 8/08/2016-GKK/110

Grih Kalyan Kendra
A registered Society under the aegis of
Ministry of Personnel, Public Grievances and Pensions,
Samaj Sadan, Lodhi Road Complex, New Delhi-110003.

Subject: Engagement of workers in Grih Kalyan Kendra New Delhi for gaining work experience.

The Grih Kalyan Kendra (GKK) is a registered Society under the Societies Registration Act,1860, functioning under the aegis of Department of Personnel and Training, Ministry of Personnel, Public Grievances and Pensions, Government of India. The GKK runs various welfare activities for the benefit of Central Government employees and their dependents.

2. The main objective of the Kendra is to help the needy Central Government employees belonging to lower income groups, who are in genuine financial and psychological need of temporary rehabilitation, by giving them training and experience which would enable them to supplement their domestic income and help them to acquire skill and experience for seeking better avenues of employment elsewhere.

3. They are paid only honorarium and are not entitled to any service benefits. It is expected only to be a stepping stone and training ground for more needy dependants of Central Government employees, but not to give them any regular employment.

4. It is proposed to engage workers for the following posts in Grih Kalyan Kendra at New Delhi from the dependents of Central Government employees / retired Govt. employees having the requisite qualifications etc as given below:-

S.No Post Age Qualification Honorarium (per month)
1.Personal AssistantNot exceeding 35 years on the last date of receipt of applications (relaxable, up to 5 years In the case of candidates possessing higher qualifications/ experience)Graduate from recognized university or equivalent.Desirable:
(i) Should have good command overwritten and spoken English language and good communication skill.
(ii) Should have knowledge of Shorthand and good Typing speed in English.
And
(iii) Should have good knowledge of computer operations.
Rs.12000/- (Consolidated)
2.Zonal AssistantNot exceeding 35 years
on the last date of
receipt of applications
(relaxable up to 5 years
in the case of
candidates possessing
higher qualifications!
experience)
In the case of retired
officers age should not
be more than 62 years
on the last date of
receipt of application.
(i)
Bachelors
Degree of a
recognized
university or
equivalent.
(ii) Knowledge of Administration,
Establishment
and Account matters and Govt. of India
Rules and
Regu lations.
Desirable:
Working knowledge of computer operation and
accountancy.
Rs.12000/- (Consolidated)
3.Gym InstructorNot exceeding 30 years on the last date of receipt of applications
(relaxable up to 5 years In the case of candidates possessing
higher qualifications/ experience)
Bachelors Degree of a recognized university.
Desirable:
Should have experience of 3 years in a recognized Club / Institute / Organisation.
Rs. 9360/- (Consolidated)
4.Day Care Attendant (Creche)Not exceeding 45 years on the last date of receipt of applications (relax able up to 5 years) in the case of candidates possessing higher qualification / experience.8th passed preference will be given to candidates having past experience In similar work.Rs. 4800/- (Consolidated)
5.Nursery AttendantNot exceeding 45 years on the last date of receipt of applications (relax able up to 5 years) in the case of candidates possessing higher qualification / experience.8th passed preference will be given to candidates having past experience In similar work.Rs. 3200/- (Consolidated)
6.Day Care Teacher (Creche)Not exceeding 45 years on the last date of receipt of applications (relax able up to 5 years) in the case of candidates possessing higher qualification / experience.Senior Secondary (10+2) from a recognized Board / University.Desirable:
(i) Passed Diploma
in Child Care & Development from a recognised Institution
(ii) Work experience of one year in some other
recognised organization / Institution.
Rs.7200/ (Consolidated)
7.Booking ClerkNot exceeding 35 years on the last date of receipt of applications (relaxable up to 5 years III the case of candidates possessing candidates possessing experience)Senior Secondary (10+2) from a recognized Board / University.Desirable:
(i) Should have command over spoken and written English
(ii) Should have good communication skill and pleasing personality.
(iii) Working knowledge of computer operations.
Rs.9360/- (Consolidated)
8.CashierNot exceeding 35 years on the last date of receipt of applications (relaxable up to 5 years III the case o candidates possessing higher qualifications / experience)
In the case of retired officers age should not be more than 62 years on the last date of receipt of application.

Graduate from recognized university or equivalent.
Desirable:
(i) Preference shall be given to candidates possessing higher educational qualifications / experience.
(ii) Knowledge of double entry system of accounting on computers.
(iii) Experience handling Cash in an Organization.
Rs.12000/- (Consolidated)

Documents required to be submitted for the above mentioned posts:
(i) Attested copy of CGHS Card or; any other valid proof of dependency, if CGHS Card is not available.
(ii) Latest Salary Slip, if dependent of a Central Government employee.
(iii) Photocopies of Certificates regarding Date of Birth, qualifications and experience.
(iv) Residence proof.

5. The workers in GKK are engaged initially for a period of one year. However, the engagement may be extended by the Competent Authority up to a maximum period of five years on year to year basis, subject to satisfactory performance and requirement for continuation of the post. The persons so engaged shall be paid a fixed monthly honorarium as mentioned above or as decided by the GKK Board from time to time.

6. It is requested that wide publicity may kindly be given to this circular amongst the Central Govt employees working in the Ministry / Department including attached and subordinate offices, who may apply as per the enclosed format for the post for which they are eligible. The completed applications along with required documents may be forwarded to Secretary, Grih Kalyan Kendra, Samaj Sadan, Lodhi Road Complex, New Delhi- 110003 within a period of 30 days from the date of issue of this Circular. Applications completed in all respects, shall only be considered. Applications received after the due date and without supporting documents will not be considered.

Source: DoPT

Payment of Gratuity (Amendment) Bill, 2018 passed by Parliament

Upper Ceiling on Gratuity 20 Lakhs - Gratuity Bill Passed by Parliament

Ministry of Labour & Employment

Payment of Gratuity (Amendment) Bill, 2018 passed by Parliament

The Payment of Gratuity (Amendment) Bill, 2018 has been passed by parliament today.The bill ensures harmony amongst employees in the private sector and Public Sector Undertakings/Autonomous Organizations under Government who are not covered under CCS (Pension) Rules. These employees will be entitled to receive higher amount of gratuity at par with their counterparts in Government sector. The bill was passed by the Rajya Sabha today and the Lok Sabha on 15 March, 2018.

The Payment of Gratuity Act, 1972 applies to establishments employing 10 or more persons. The main purpose for enacting this Act is to provide social security to workman after retirement, whether retirement is a result of superannuation, or physical disablement or impairment of vital part of the body. Therefore, the Payment of Gratuity Act, 1972 is an important social security legislation to wage earning population in industries, factories and establishments.

The present upper ceiling on gratuity amount under the Act is Rs. 10 Lakh. The provisions for Central Government employees under Central Civil Services (Pension) Rules, 1972 with regard to gratuity are also similar. Before implementation of 7th Central Pay Commission, the ceiling under CCS (Pension) Rules, 1972 was Rs. 10 Lakh. However, with implementation of 7th Central Pay Commission, in case of Government servants, the ceiling has been raised to Rs. 20 Lakhs.
Therefore, considering the inflation and wage increase even in case of employees engaged in private sector, this Government decided that the entitlement of gratuity should also be revised in respect of employees who are covered under the Payment of Gratuity Act, 1972. Accordingly, the Government initiated the process for amendment to Payment of Gratuity Act, 1972 to increase the maximum limit of gratuity to such amount as may be notified by the Central Government from time to time.
In addition, the Bill also envisages to amend the provisions relating to calculation of continuous service for the purpose of gratuity in case of female employees who are on maternity leave from "twelve weeks" to such period as may be notified by the Central Government from time to time.
After enactment of the Act, the power to notify the ceiling of the amount of gratuity under the Payment of Gratuity Act, 1972 shall stand delegated to the Central Government so that the limit can be revised from time to time keeping in view the increase in wage and inflation and future pay commissions.

Source: PIB

Upper age limit for direct recruitment to non-gazetted posts on the Railways

Railway: Relaxation of 3 years above the prescribed upper age limit in open market recruitment to all non-gazetted posts (RBE No. 25/2018)

GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)
RBE No. 25/2018

No. E(NG)-II/94/RR-1/29/Pt.(3246807)
New Delhi, dated: 21/02/2018
The General Manager (P),
All Zonal Railways/Production Units
Chairman/Railway Recruitment Boards (RRBs);
Chairman/Railway Recruitment Cells (RRCs).
(As per standard mailing list)

Sub: Upper age limit for direct recruitment to non-gazetted posts on the Railways.

Attention is invited to this Ministry's instructions issued under RBE No. 45/2015 dated 11.05.2015, withdrawing three years relaxation in the prescribed upper age limit for direct recruitment to all non-gazetted posts.

The matter has since been reviewed and it has now been decided by this Ministry to provide a relaxation of three years above the prescribed upper age limit in open market recruitment to all non-gazetted posts.

These instructions will be effective from the date of issue of this letter. It will also be applicable on recruitment notification published under Centralized Employment Notice Nos. 01/2018 and 02/2018 issued by Railway Recruitment Boards (RRBs).

Please acknowledge receipt.

(Ravi Shekhar)
Jt. Director Estt. (N) - II
Railway Board

Aadhaar is not compulsory to get Pension

Aadhaar is not compulsory to get Pension

Dr. Jitendra Singh chairs 30th meeting of Standing Committee of Voluntary Agencies

Adhaar is not mandatory to get pension: Dr Jitendra Singh

The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh chaired the 30th meeting of the Standing Committee of Voluntary Agencies (SCOVA) here today. The SCOVA meeting is organised by the Department of Pensions & Pensioners' Welfare (DoP&PW), Ministry of Personnel, Public Grievances & Pensions and the last such meeting was held on January 12, 2017.

During the meeting, Dr. Jitendra Singh said that the SCOVA which was first constituted in July, 1986 would be completing 32 years this year. He said this platform has gone a long way in addressing in a focused manner issues related to Pensioners.

He said that today's interaction was very meaningful and stimulating, thus reflecting on the working of DoP&PW. The Minister while assuring the representatives of pensioners’ Associations said that it was no more mandatory to have one's Adhaar Card to get his/her pension.

The Minister said that the Department of Pensions has brought out a series of OMs to benefit the Pensioners/Family Pensioners in the last 12 months including enhancing of minimum pension from Rs.3500/- to Rs.9000/- per month; the ceiling of gratuity has been increased from the existing Rs.10 lakhs to Rs.20 lakhs; the rates of ex-gratia lump sum compensation being paid to the families of employees who die in performance of duty has been increased from existing Rs. 10-15 lakhs to Rs.25-45 lakhs. He also said that divorced daughter will be eligible for family pension if divorce case has been filed before the death of pensioner/family pensioner, even though the judgement has been passed after the death of the pensioner /family pensioner.

Dr. Jitendra Singh said that this Government has given relief to the senior citizens and Pensioners in the Budget 2018-19 by allowing Standard Deduction of Rs. 40,000/- per year to the Pensioners and given exemption on tax on account of interest income from bank savings accounts has been increased to Rs. 50,000/ from Rs. 10,000/- per year. Deduction on account of health insurance premium which was earlier allowed at maximum of Rs.30,000/- has now been increased to Rs. 50,000/- in the case of Senior Citizens/Pensioners.

While addressing the meeting he said that we need to put in place an institutionalized mechanism to make good use of the knowledge, experience and efforts of the retired employees which can help in the value addition to the current scenario. Dr.Jitendra Singh said the retired employees are a healthy and productive workforce for India and we need to streamline and channelize their energies in a productive direction. We should learn from the pensioners’ experience, he added. The Minister also said that the DoP&PW should be reoriented in such a way that pensioners become a part of nation building process.

In the meeting, discussions were held on the action taken report of the 29th SCOVA meeting. Further many issues related to pensioners were discussed threadbare, such as revision of PPOs of pre-2006 pensioners, Health Insurance Scheme for pensioners including those residing in non-CGHS area, Special "Higher" Family Pension for widows of the war disabled invalidated out of service, Extension of CGHS facilities to P&T pensioners, issue relating to CGHS Wellness Centre, Dehradun

etc. The Minister directed for the prompt and time bound redressal of the grievances of the pensioners and said that we should have sympathetic attitude towards them.

The Secretary, DoP&PW, Shri K.V. Eapen and other senior officers of the department were also present on the occasion. The meeting was also attended by the member Pensioners Associations and senior officers of the important Ministries/Departments of Government of India.

PIB

Major Changes in NPS including Withdrwal Norms

Major Changes in NPS including Withdrwal Norms

Three major changes in the National Pension Scheme (NPS) including withdrawal norms

Relaxation of Norms for NPS

The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms.

The details are as under:

Partial withdrawal during the service: The Pension Fund Regulatory and Development Authority (PFRDA), with an objective to  meet the subscriber's sudden financial requirement enrolled under NPS, has liberalized norms for partial withdrawals which also include reduction of requirement of minimum years of being enrolled under NPS from 10 years to 3 years from the date of joining. Suitable amendments were made through "Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations, 2017 and the same has been notified on 10.08.2017.

Increase in the joining age under NPS: With an objective to allow individuals (under NPS-All Citizen Model and Corporate Sector Model) who are in the age bracket between 60 years and 65 years to join NPS system. Suitable amendments were made through “Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (Second Amendment) Regulations, 2017 and the same has been notified on 06.10.2017.

Exit in case of disability and incapacitation of the subscriber: With an objective of facilitating easy exit & withdrawal in case of disability and incapacitation of the subscriber covered under NPS, PFRDA has made suitable amendments through "Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (Third Amendment) Regulations, 2018 and the same has been notified on 02.02.2018.

This was stated by Shri Ship Pratap Shukla, Minister of State for Finance in a written reply to a question in Lok Sabha today.

Source: PIB

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