Thursday, March 21, 2013

Restructuring of cadre of Artisan Staff in Defence Establishment clarification on 01/01/2013

Restructuring of cadre of Artisan Staff in Defence Establishment clarification on 01/01/2013

OFFICE OF THE PRINCIPAL CONTROLLER OF ACCOUNTS (FYS)
10-A, S.K.BOSE ROAD, KOLKATA- 700001
No. Pay/Tech-II/04/2013/01
Date: 01/01/2013

Sub: – Restructuring of cadre of Artisan Staff in Defence Establishment in modification of recommendation of 6th CPC- clarification regarding
While implementing this office earlier circular, as issued vide this office even No. dated 05.12.2012, one of our Br. AOs has raised the following doubts for clarification:-
(a) Whether bill of Un-availed Leave salary in respect of MCMs who are in receipt of MACP-III upto 2012, at the time of their retirement, will be kept in abeyance till such time necessary clarification is issued from this end.
(b) Which Grade Pay (Rs. 4200/- or Rs. 4600/-) will be taken into account for calculation of un-availed Leave salary.
The above doubts have been examined and it is decided to restrict the payment of terminal benefit claims including leave salary etc. in respect of the retirees/ death cases taking into account grade pay of Rs.4200/- and not the grade pay of Rs.4600/-, in respect of MCMs who are in receipt of 3rd MACP upgradation in the grade pay of Rs. 4600/- till such time necessary clarification is received from MoD.

In case Govt. agrees to higher Grade Pay of Rs. 4600/- to such MCMs, the arrears for such terminal benefit may be paid to them separately.

CGHS Orders 2013 : Clarification regarding CD regard for Coronary Angiography and Coronary Angioplasty for CGHS beneficiaries

F.No.S-11045/13/2013/HEC/CGHS (P)
Government of India
Ministry of Health and Family Welfare
Department of Health and Family Welfare


Maulana Azad Road, Nirman Bhawan
New Delhi 110 108 dated the 4th March, 2013


OFFICE MEMORANDUM

Subject : Clarification regarding CD regard for Coronary Angiography and Coronary Angioplasty for CGHS beneficiaries.
With reference to the above mentioned subject the undersigned is directed to draw attention to the Office Memorandum of even Number dated 6/2/2013 and Office Memorandum No.S.11011/23/2009 / Hospital Cell dated 17.08.2010 and other Office Memoranda issued subsequently whereby the CGHS package rates for Coronary Angiography and Coronary NCR and other CGHS cities and to clarify that the package rate for Coronary Angiography and Coronary Angioplasty include the cost of CD record and the medical report for the Coronary Angiography and Coronary Angioplasty performed.

sd/-
(RAVI KANT)
UNDER SERCRETARY TO GOVERNMENT OF INDIA

Source: www.msotransparent.nic.in/cghsnew/index.asp
[http://msotransparent.nic.in/writereaddata/cghsdata/mainlinkfile/File583.pdf]

Wednesday, March 20, 2013

Special Trains to Clear Holi Rush

Special Trains to Clear Holi Rush

Indian Railways have made elaborate arrangements to clear extra rush of traffic for Holi festival. More than 360 trips of special trains have been planned to handle the rush during the Holi festival period. These special trains have been planned over approximately 17 different popular routes to clear extra rush of traffic.
Out of the Holi specials planned, 4 trains are unreserved, 3 are fully air-conditioned and 8 are provided with superfast status. The Holi specials are connecting important stations such as New Delhi, Mumbai, Kolkata, Ahmedabad, Bangalore, Jammu Tawi, Jaipur, Guwahati, Lucknow, Pune, Gorakhpur, Patna, Dibrugarh, Banaras, Darbhanga, Barauni, Barelli, Secundrabad etc. Extra coaches will also be attached to regular trains to the extent operationally feasible.

The Zonal Railways and the Divisional Railways have made action plans for the convenience of the passengers during this rush period. Checking squads are being deployed at reservation offices; inspections are being strengthened to prevent misuse of tickets etc. Special arrangements are being made to make regular announcements about additional coaches, special trains etc at stations.

AKS/HK/BS
(Release ID :94011)
Source- Pib

Enhancement of Fees for Kendriya Vidyalayas

Enhancement of Fees for Kendriya Vidyalayas
The scheme of Kendriya Vidyalayas was approved in November, 1962 by the Govt. of India to provide uninterrupted education to the wards of transferable Central Government employees. Starting with the taking over of 20 Regimental Schools as Central Schools or Kendriya Vidyalayas during the academic year 1963-64 the Schools have now expanded to a network of 1087 schools all over the country and 3 schools abroad. This phenomenal growth is mainly due to the quality education provided by Kendriya Vidyalayas and ceaseless efforts put in by the employees of KVS. On 15th December, 1965 KVS was registered as a society under the Societies Registration Act. KVS is functioning under the Ministry of Human Resource Development and is financed by Government of India.
 

As of now Kendriya Vidyalayas have been catering to the schooling needs of the children of transferable Central Govt. employees including Defence and Para – Military personnel, children of employees of other Government undertakings and Autonomous Bodies as also of the floating population and others. Kendriya Vidyalayas are maintaining School Fund account to which all the moneys received in the form of Govt. grants and Tuition Fees received from the students are credited. In addition, Vidyalayas are also maintaining Vidyalaya Vikas Nidhi which came into existence after merging the then Pupil Fund, Maintenance & Development fund and Science Fund. Collection towards Computer Fund is also credited into VVN Account which is to be spent exclusively for computer education consumables, remuneration of computer instructors etc. Vidyalaya Vikas Nidhi is thus administered for the development of the School and overall welfare of the student community.
 
Activities at present covered under V.V.N. are mainly grouped as under:-
 
1. Annual Repairs & Maintenance etc: It includes repair & maintenance of School Building (Civil and Electricals), compound wall, Internal roads, furniture maintenance of Sports facilities and campus, Gardening & maintenance of School Park.
 
2. Classroom Facilities: Purchase, repair & maintenance of classroom furniture & fixtures, purchase and maintenance of Lab. Equipment including consumables as also the upkeep of laboratories, Purchase, maintenance and development of facilities such as library, academic facilities and infrastructure facilities, Vidyalaya magazine and student diary, Procurement, maintenance and development of Computer and Computer related technology including e-mail, inter net for students.
 
3. Student Activity and Welfare: Expenditure on Games and Sports, Scouts and Guides, Adventure/ Mountaineering/ Trekking, SUPW activities, Audio-visual activities, Pupils Societies, School Day Celebration, Conduct of Examination, School Day Celebration, Entertainment on Special occasion, Medical/Sanitation, Employment of workers on Part Time basis and any other expenditure for the benefit of the students/vidyalaya.
 
Revised rates of fees w.e.f. 01.04.2013
 
The scope of activities through the Vidyalaya Vikas Nidhi of the Kendriya Vidyalayas is enlarged in a geometrical progression day by day and the existing financial resources are inadequate to meet such new activities. In order to augment financial resources to meet additional requirement of funds, the VVN Contribution and Computer Fund is now revised with effect from 01.04.2013 as per details given below:-
 
Class
Existing fees per month (in Rupees)
Revised fees per month (in Rupees)
 
Tuition Fees
Computer Fund
(Class – III & above)
VVN
Contribution
Tuition
Fees
Computer Fund
(Class – III & above)
VVN
Contribution
I-VIIINil50240Nil100500
IX-X200 (Boys)50240200 (Boys)100500
XI-XII
Commerce & Humanities 
300 (Boys)50/100240300 (Boys)100/150*500
XI-XII
Science
400 (Boys)50/100300400 (Boys)100/150*500
 
Computer fund @ Rs. 150/- will be charged from the students who opt Computer Science/IP as an elective subject.
 
At present Government employees (whose wards constitute approximately 73% of total students enrolment) are entitled for reimbursement of fees @ Rs. 1250/- per month per child. Therefore, there shall be no burden on the parents as entire amount of revised fee will be reimbursable to them from their Office/Department concerned.
 
Remianing 27% of the school children are falling under the private categoroy (Vth category). Out of the 27%, 12% of the children are exempted from the payment of fees. However, even after the fee hike the fees charged by Kendriya Vidyalayas will be less than the prevailing fees charged by the private/ public schools in the country.
 
Causes for enhancement of fees and utilization of additional funds:-
 
(i) To provide for creation of ICT-enable class rooms in the Vidyalayas to modernize the teaching-learning environment as mandated through ICT policy of Govt of India which has further been stressed upon by the CBSE calling its affiliated institutions for conversion of at least one class room in each class into IT-enabled smart E-Class rooms, to begin with and increase the said infrastructure in a phased manner.
 
(ii) To provide for creation of corpus at RO/Hqrs level for meeting the infrastructural (building/sports etc.) requirements of the KVs as a whole by way of regular contribution in the form of remittance as certain percentage of the total collection of VVN fee. The existing contribution payable by the Vidyalayas to KVS RO Deposit Account, Regional Sports Control Board Account and National Sports Control Board Account at rate of 5%, 3% and 2% respectively will remain unchanged. In addition to the above a separate contribution of 20% will have to be remitted by all Kendriya Vidyalayas quarterly from the VVN collection to KVS (HQ) through their Regional Offices. Such contributions will be utilized by the KVS (HQ) towards major maintenance/ repairs and construction of additional class rooms/ laboratories/ playgrounds/ auditorium etc. for the existing Vidyalayas. This contribution may not be utilized for construction of school buildings/ staff quarters for the newly sanctioned Vidyalayas for which financial support is provided by Govt.
 
(iii) To provide for creation of suitable infrastructure for Language Labs etc.
 
(iv) To provide for suitable operational requirements of Fire safety.
 
(v) To meet the additional requirement toward the payment of salary to contractual teachers. In fact the rates for Payment to contractual teachers have been increased substantially which may cause a considerable financial burden on the VVN fund of the Vidyalayas.
 
(vi) Exemption from payment of any fee from 25% of students enrolled under RTE Act. This is likely to have multiplying effect by every year in the total strength of the school as such it is likely to lessen the VVN generation.
 
(vii) Apart from the exemption granted to RTE students, there is a provision of re-imbursement of Rs.4500/- per child per annum towards books, transportation, uniforms etc of the same lot of RTE students which is likely to cause considerable amount from VVN fund and hence requiring raising of fee, although the same may be got recouped from the Govt. but with no certainty as of now.
 
(viii) Exemption to BPL category students, single girl child students, disabled/challenged students etc have financial bearing on the collection of VVN for whom the expenditure is done by the Vidyalaya on holistic activities in normal course.
 
(ix) Revision of Minimum Wages by Govt. of Delhi/ respective states mandating the payment of enhance wages to the contractual staff employed for Security services, Conservancy services and horticulture/beautification activities of the Vidyalay.
 
(x) Providing of Medical facilities to the student community has been inducted by the KVS in the form of engagement of Doctors and Nurses on daily basis which is costing the VVN account of the Vidyalaya for Rs.42500/- per month (Rs. 1000+700=Rs.1700×25 days). This additional burden of regular expenditure needs to be compensated by way of raising the fee structure.
 
(xi) The KVS has approved the installation of Generator sets in the Vidyalayas out of VVN fund but the same has not been implemented in most of the schools due to paucity of funds which may get realized from the revenue generated through proposed fee hike.
 
(xii) Accidental compensation to the children while school hours.
 
(xiii) The provision of engagement of following categories has added to the additional expenditure to VVN account:
 
  • a.) Engagement of German teachers.
  • b.) Engagement of Data Entry Operators for ministerial works.
  • c.) Engagement of Counselors.
  • d.) Engagement of sub-staff against vacant posts/fire-fighting compliance/Generator set operator etc.
  • e.) Increased number of skilled staff viz sports coaches, dance, music, craft teachers etc.

 
(xiv) Above all, the substantial cost escalation in expenditure on all the items of expenditure warrants the fee revision to maintain the present status of the Kendriya Vidyalayas. To illustrate a few:
 
  • a.) Considerable enhancement in cost of annual Maintenance & Repair/Petty construction activities of Vidyalaya buildings.
  • b.) Cost escalation in Furniture items, Lab consumables, Sports goods, Examination related activities, pupil society items etc.
  • c.) Cost escalation in Electricity/Water charges, property tax, telephone expenses etc.
  • d.) Hike in stationery items viz computer cartridges, AMCs, printing papers, photocopies etc.

 
Source: www.kvsangathan.nic.in
[http://kvsangathan.nic.in/CircularsDocs/cir-actt-18-03-13.pdf]

Revision of Computer Fund and Vidyalaya Vikas Nidh (VVN) Contribution w.e.f. 1-4-2013

Revision of Computer Fund and Vidyalaya Vikas Nidh (VVN) Contribution w.e.f. 1-4-2013
Kendriya Vidyalaya Sangathan
18, Institutional Area Shaheed Jeet Singh Marg
New Delhi-16
F.110240/04/2013/KVS (Budget)
Dated: 19-03-2013
The Deputy Commissioner,
Kendriya Vidyalaya Sangathan,
All Regional Offices.

Subject: Revision of Computer Fund and VVN Contribution w.e.f. 1-4-2013
 
Madam/Sir,
I am to invite your attention to the subject cited above and to state that a proposal for enhancement of Vidyalaya Vikas Nidhi and Computer Fund was placed before the 94th meeting of BOG of KVS held on 28th December 2012. Further as per the directions of Board the matter was placed before the Hon’ble HRM & Chairman of KVS for his kind approval. The Hon’ble HRM & Chairman of KVS has approved the proposed enhancement of fees viz Computer fund and VVN contribution as per the details given below:-

Class
Existing fees per month
(in Rupees)
Revised fees per month
(in Rupees)
 
Tuition
Fees
Computer Fund
(Class – III & above)
VVN
Contribution
Tuition
Fees
Computer Fund
(Class – III & above)
VVN
Contribution
I-VIII
Nil
50
240
Nil
100
500
IX-X
200
(Boys)
50
240
200 (Boys)
100
500
XI-XII
Commerce & Humanities 
300
(Boys)
50/100
240
300 (Boys)
100/150*
500
XI-XII
Science
400
(Boys)
50/100
300
400 (Boys)
100/150*
500
*For students opting Computer Science/IP as an elective
 
2.) With the issue of this letter, the provisions of Articles 59, 66 and 67A of the Accounts Code stand amended. The revised fee structure & amendment to Articles 59, 66 and 67A of the Accounts Code be circulated among all the Vidyalayas of your Region for timely implementation. The details of various exempted categories from the payment of fees is enclosed in the form of Annexure – A. It has also been decided that such exemptions will not be available to children of Govt. employees to whom the facility of reimbursement of such expenses from their departments is available.
 
3) The revised fees structure mentioned above take effect from 01.04.2013.
 
Receipt of this letter and action taken for its circulation may be intimated to this office within a fortnight.
 
Yours faithfully,
sd/-
(M. Arumugam)
Joint Commissioner (Fin.)
 
ANNEXURE - A
 
A Category wise exemption from the payment of Tuition fee, VVN and Computer Fund

Category
Tuition fees
Computer Fund
VVN Contribution
Girls students from class I - XIIExempted No Exemption
SC & ST StudentsExempted No Exemption
Children of KVS employeesExempted No Exemption
Children of officers and men of armed forces and Paramilitary personnel killed or disabled during the hostilities 1962;1965;1971 and 1999 and as well as to the children of Defence Personnel of Indian Peace Keeping Force(IPKF) in Srilanka and personnel of armed forces killed or disabled in “Operation Meghdoot” in Seachen area and “Operation Vijay” in Kargil. x The said concession of exemption from payment of tuition fee, (VVN and Computer fund) is also extended to the children of Armed Forces and Para Military Forces personnel whose parents were killed/declared missing or permanently disabled during any counter insurgency operation in India or abroad. Provided the children produce the certificate granted by the concerned Ministry.ExemptedNo ExemptionExempted
Children of parents, who are living below poverty line, up to two children and having BPL cardExempted Exempted
Disabled students. (Subject to the condition laid down in KVS Letter No.F125-19/2007-08/KVS (Budget) dt.15.10.2009).Exempted Exempted
All girl students from classes VI to XII who happen to be the only child of their parents (w.e.f. 01.01.2006 from VVN & Computer Fund.)ExemptedExemptedExempted
Emergency Assistance to the studentsExemption of VVN for one academic session is allowed


Note :-
1. Exemption of various types of fees mentioned above will not be allowed hence forth to the children of Govt. employees as they are getting reimbursement from their departments.

2. Kendriya Vidyalayas under project sector are authorized to implement their own differential fee structure vide KVS Letter No. 6-1/91-KVS (Budget) dt.11.11.1999.


Source : www.kvsangathan.nic.in
[http://kvsangathan.nic.in/GeneralDocuments/ann-19-03-13.pdf]

Opening of CBEC Offices during the Last Week of March, 2013

Opening of CBEC Offices during the Last Week of March, 2013

Press Information Bureau
Government of India
Ministry of Finance
19-March-2013 17:57 IST

Opening of Offices during the Last Week of March, 2013.

Central Board of Excise and Customs (CBEC) has decided to keep open its field formation offices on 29th, 30th & 31st March 2013 as a trade facilitation measure and as part of revenue collection exercise. All the field formations have also been directed to issue trade notices for the information of the trade.


Department of Financial Services has also been requested to issue instructions to have the banks open for longer hours on 26th, 28th and 30th March 2013 and open for at least half day on 27th and 29th (Gazetted holidays) and on 31st March (Sunday) .

Central Government Health Scheme : New Rates for Undergoing Angioplasty

Central Government Health Scheme : New Rates for Undergoing Angioplasty

Central Government Health Scheme - New revised package rates for Coronary Angioplasty under CGHS:

New Rates for Undergoing Angioplasty

The Government has revised the CGHS package rates for coronary angioplasty and angioplasty with balloon w.e.f. 7/2/2013 as per the following details:

Coronary Angioplasty and Angioplasty with Balloon

Coronary Angioplasty -  Rs. 50,000/-
Coronary Angioplasty with Balloon -  Rs. 55,000/-
 
All the empanelled private hospitals have not discontinued to provide angioplasty treatment to CGHS beneficiaries. However, ‘3’ hospitals in Delhi & NCR have  filed Writ Petitions in Hon’ble High Court of Delhi against the revised rates.

Meanwhile, the continuous empanelment scheme has been revived on 14th February, 2013 to empanel more number of eligible private hospitals under CGHS to provide inpatient healthcare facilities to CGHS beneficiaries.

This information was given by the Minister for Health & Family Welfare ShriGhulamNabi Azad in written reply to a question in the RajyaSabha today.

Tuesday, March 19, 2013

State-wise educational loan outstanding of Public Sector Banks

State-wise educational loan outstanding of Public Sector Banks

The Government receives suggestions and representations highlighting the requirements of students in availing education loans, under the Model Educational Loan Scheme of Indian Banks’ Association (IBA). These are forwarded to Banks for corrective action.

Keeping in view the needs of the students and suggestions received from the stakeholders the Scheme is modified by Indian Banks Association (IBA) from time to time. The last such revision was made in September, 2012.


The outstanding education loans by Public Sector Banks has increased from Rs.35,855 crore in 19.11 lakh accounts as on last reporting Friday of March, 2010 to Rs.52,982 crore in 25.09 lakh accounts as on 31.12.2012. State-wise details, including for Kerala, is Annexed.

State-wise educational loan outstanding of Public Sector Banks


( Amount in Rs crore ) ( No. of A/Cs in actual)
As on the last reporting Friday of March

2010
2011
2012
As on 31.12.2012**
State/Union Territories
No.of Accounts
Balance O/S
No.of Accounts
Balance O/S
No.of Accounts
Balance O/S
No.of Accounts
Balance O/S
NORTH EASTERN REGION 15502 375.1 17875 431.48 20071 510.36 25810 634.7
Assam 11166 267.6 12941 303.82 14489 363.13 15868 398.41
Meghalaya 930 22.22 1257 29.51 1445 34.5 1735 44.65
Mizoram 439 16.37 585 21.22 664 23.92 753 27.66
Arunachal Pradesh 463 10.03 372 8.29 476 10.54 539 12.41
Nagaland 239 6.38 336 8.54 361 9.57 3139 62.9
Manipur 1259 31.86 1164 35.28 1057 36.38 1160 35.13
Tripura 1006 20.64 1220 24.82 1579 32.33 2616 53.54









EASTERN REGION 188325 3841.58 239414 5064.19 259993 5922.57 333929 8150.42
Bihar 43395 939.44 62597 1380.69 78733 1799.2 88851 2283.63
Jharkhand 31620 687.61 38088 927.45 41552 1086.17 47946 1273.92
West Bengal 60456 1195.03 72617 1373.54 71378 1512.76 69558 1627.94
Orissa 52158 1002.88 65289 1363.94 67008 1474.88 69530 1695.2
Sikkim 346 9.25 338 8.53 382 16.44 6353 115.69
Andaman& Nicobar 350 7.37 485 10.05 940 33.12 51691 1154.04









CENTRAL REGION 213087 4127.73 240483 4863.77 252846 5445.27 266631 6255.29
Uttar Pradesh 109450 2287.8 126071 2790.72 136448 3095.02 143486 3572.67
Uttarakhand 19725 396.69 22795 502.06 24536 560.06 25933 633.41
Madhya Pradesh 72378 1195.17 76968 1289.16 76773 1477.34 81478 1711.02
Chattisgarh 11534 248.07 14649 281.83 15089 312.86 15734 338.19









NORTHERN REGION 159588 3962.4 174427 4239.92 182914 4526.94 188457 4894.98
Delhi 36187 1155.04 36445 1096.2 36362 1104.9 33661 1079.19
Punjab 30388 774.18 32700 831.35 32578 898.04 33169 941.7
Haryana 30181 693.54 33815 769.41 36546 834.5 38976 970.23
Chandigarh 5895 178.02 5905 182.81 5977 194.54 5477 181.87
Jammu & Kashmir 3523 91.32 3672 93.26 3774 93 4160 105.89
Himachal Pradesh 10254 194.6 12282 248.81 13827 279.86 14535 311.34
Rajasthan 43160 875.71 49608 1018.09 53850 1122.1 58479 1304.76









WESTERN REGION 169524 4146.68 186269 4325.97 198923 5087.41 216641 5325.32
Gujarat 40520 1166.44 43780 1108.43 44221 1200.43 44661 1207.99
Maharashtra 125063 2882.58 138197 3122.21 150829 3789.26 167335 3995.13
Daman &Diu 440 13.57 245 4.11 97 2.89 624 17.12
Goa 3362 80.57 3481 84.31 3588 89.29 3810 99.07
Dadra & Nagar Haveli 139 3.52 566 6.9 188 5.54 211 6.01









SOUTHERN REGION 1165397 19401.18 1353076 22416.5 1458356 25234.93 1477479 27721.54
Andhra Pradesh 215832 4761.77 218054 5008.1 213281 4988.98 154765 4022.32
Karnataka 156179 2814.7 167291 3103.71 167517 3402.17 179571 3633.15
Lakshadweep 14 0.16 15 0.23 24 0.36 230 3.7
Tamilnadu 555223 7111.79 689094 9234.2 786634 11265.55 831651 13043.35
Kerala 228395 4576.67 267703 4903.62 278992 5376.3 296992 6743.6
Pondicherry 9754 136.09 10919 166.64 11908 201.57 14270 275.42









TOTAL 1911423 35854.67 2211544 41341.84 2373103 46727.48 2508947 52982.25
Source: RBI. **
Source: PSBs (Data is Provisional)

The above detailed information was submitted by the Minister of State for Finance Shri. Namo Narain Meena in the Lok Sabha on 8th March, 2013.

Impacts of two days Banks Strike on 20th & 21st Feb, 2013

Impacts of two days Banks Strike on 20th & 21st Feb, 2013
While answering to a question regarding the strike on 20 and 21 Feb 2013 in the Parliament, Minister Namo Narain Meena said that 'It is not possible to quantify the loss of business, however, the inconvenience caused to the public was minimized with the functioning of the ATMs and internet banking'...
"United Forum of Bank Unions (UFBUs) gave a notice of strike for two days on 20th & 21st February, 2013 on the following issues and demands: 


(i) In support of the 10 point Charter of Demands of Central Trade Union; 
(ii) Control alarming price rise; 
(iii) Hands off trade union rights; 
(iv) Stop Banking Reforms; 
(v) Stop outsourcing; 
(vi) Early wage revision; and 
(vii) Settle pending issues like compassionate appointment scheme. 
Wage revision in Public Sector Banks is through a bipartite settlement between the representatives of bank employees and management. On the notice for strike, a conciliation meeting of UFBU with Indian Banks Association (IBA) was held at the office of Chief Labour Commissioner, New Delhi wherein UFBU was appealed not to resort to strike and to sort the issues amicably and avert the strike. However, UFBU decided to go ahead with two days strike on 20th & 21st February, 2013. 
It is not possible to quantify the loss of business, however, the inconvenience caused to the public was minimized with the functioning of the ATMs and internet banking".

Public Sector Bank Employees Pension Scheme

Public Sector Bank Employees Pension Scheme

Public Sector Bank(PSB) employees pension scheme : Public Sector Banks employees, who have joined on or after 1.4.2010 are covered under New Pension Scheme (NPS) and , the employees of State Bank of India, who have joined on or after 1.8.2010 are covered under New Pension Scheme (NPS).

The below detailed information was presented as a written reply to a question in Lok Sabha by the Minister of State for Finance Shri.Namo Narain Meena on 8.3.2013.

"Most of the employees of various Public Sector Banks (PSBs) are covered under Bank Employees Pension Regulations pronounced in 1995. Employees who did not opt for pension scheme are continuing under Contributory Provident Fund. Employees who have joined on or after 1.4.2010 are covered under New Pension Scheme (NPS). Employees of State Bank of India are covered under SBI Pension Fund Rules which came into existence in 1955. Employees joining State Bank of India on or after 1.8.2010 are covered under New Pension Scheme (NPS).

Employees of Regional Rural Banks cannot be included in the prevailing Pension Schemes of the PSBs since they belong to different organisations.

National Bank for Agriculture and Rural Development( NABARD) has framed a draft Model Pension Scheme and Regulations on the above lines for introducing pension for RRBs which envisages RRBs to decide on introduction of pension for its employees at par with nationalised banks taking inter alia their financial position into consideration".

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