PFRDA Circular on New Pension Scheme (NPS) Trust account numbers and contact details of New Trustee Bank

PFRDA Circular on New Pension Scheme (NPS) Trust account numbers and contact details of New Trustee Bank

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

PFRDA/2013/12/CRTB/2

31st May, 2013

To
All Central Government Ministries & State Governments
All PrAOs/PAOs/DTAs/DTOs
All POPs/POP-SPs/Aggregators/Corporates
All PFMs/ASPs

Dear Sir/Madam,

Subject : NPS Trust account numbers & contact details of New Trustee Bank

1. From '1st July, 2013' onwards, all NPS contributions are to be remitted to the designated accounts of Axis Bank. The overall procedure for remittance of funds to the Trustee Bank, the matching & booking of Subscriber Contribution Files (SCF) and the receipt of funds returned from Trustee Bank shall remain unchanged. While remitting the funds electronically to Axis Bank, the accredited banks shall still be required to mention the 26 character string 'PAOFIN <7 digit="" number="" pao="" registration=""> <13 digit="" id="" transaction=""> in the 7002 field for NEFT and 7495 field for RTGS as per the current process. The RTGS remittances should be through R-41 RTGS format only.

2. Please note the changes as mentioned below :-

a) Indian Financial System Code (IFSC) for NPS remittance :- UTIBONPS001.

b) New Account Numbers :- 7 digit unique registration number alloted by CRA (NSDL) would be the designated account number for the respective remitting office.

3. The contact details of NPS Team at Axis Bank :-

First level of contact :

S.No.	Contact Person	Designation	Phone No.
1.	Mr.Abhishek Gautham	Senior Manager	022 24253678
2.	Mr.Dakshesh Barbhaya	Senior Manager	022 24253639
3.	Mr.Yash Mayekar	Senior Manager	022 24253628

Second level of contact :

S.No.	Contact Person	Designation	Phone No.
1.	Mr.Debraj Saha	Assistant Vice President	011 43506532
2.	Mr.Piyush K Singh	Deputy Vice President	022 24253680

Email id: npstrust@axisbank.com

Address : Corporate Office, 6th Floor, Business Banking Dept., Wadia International Centre, P.B. Marg, Worli, Mumbai - 400025.

4. The Offices are requested to take note of the same.

Yours faithfully,
sd/-
(Subroto Das)
Chief General Manager

Source : www.pfrda.org.in
[http://pfrda.org.in/writereaddata/linkimages/npsnewtrusteebank2013381.JPG]

Expected DA (Dearness Allowance) from July 2013 to CENTRAL GOVERNMENT EMPLOYEES

Expected DA (Dearness Allowance) from July 2013 to CENTRAL GOVERNMENT EMPLOYEES

Since the implementation of 6CPC from 1-1-2006, the consumer price index number for industrial worker is not coming down ever but it is increasing month by month. Similarly the rate of dearness allowance paid to central government employees also increasing at the interval of every six months period. The rate of dearness allowance was at zero level on 01-01-2006. After six years from implementation of 6CPC, now the dearness allowance stands at 80% level. The average increase in the dearness allowance is at the rate of 13% per year. Actually there is nothing to rejoice over the increase of dearness allowance. The Dearness allowance is nothing but the reflection of consumer price index.
Likewise the consumer price index is determined by increase in the prices of basket of identified essential commodities. The increase of CPI number is not good any way for either the government employees or common people. Whatever the money the central government employees are supposed to get from the dearness allowance hike will be swallowed by the essential commodities for which they have to spend every month, since the prices of all the essential commodities are increasing at the alarming rate.

Now everyone eyes at the expected dearness allowance from July 2013. It is now 80 percent of AICPI Numbers from which the rate of DA has to be arrived has been released. The AICIN for Industrial Workers for two more months are yet to be released to confirm the exact rate of Dearness Allowance going to be approved by the central government. The average of AICPIN for IW from the month of July 2012 to June 2013 will determine the rate of dearness allowance to be paid from July 2013. So look at the Consumer price Index numbers from June 2012 given below:

Month	Jul 2012	Aug 2012	Sep 2012	Oct 2012	Nov 2012	Dec 2012	Jan 2013	Feb 2013	Mar 2013	Apr 2013	May 2013	Jun 2013
AICPIN	212	214	215	217	218	219	221	223	224	226	-	-

The formula for calculating dearness allowance is:

( Avg of AICPI for the past 12 months – 115.76)*100/115.76

To find out the average CPI for 12 months we need remaining two months CPI numbers. Let us assume that if the remaining two months AICPI numbers stands at 226 levels, the average AICPI for 12 months is 220.0833.

If we apply this in the formula given above the answer is = 90.120

From this it is now very much clear that, even though if there is no change in the position of AICPI numbers for remaining two months, if it happened to continue in the same level of 226 points for remaining two months, the increase in the rate of dearness allowance will be 10% for the next six months starts from July 2013. According to this, the expected dearness allowance from July 2013 for central government employees will not be less than 90% level. So it is expected that the dearness allowance will be increased from existing 80% to 90% level from July 2013. With this 10% increase in dearness allowance, the annual increment for the year 2013 also will be granted for all the central government employees from July 2013.

Source : www.gservants.com

[http://www.gservants.com/2013/06/02/expected-da-dearness-allowance-from-july-2013-to-central-government-employees/]

An exclusive review of Retirement age 62 for central government employees

An exclusive review of Retirement age 62 for central government employees

It has been seen that one of the long time waging demand of raising the retirement age of government employees has finally caught afire.

Through the Medias and blogging sites re abound with news that the cabinet would announce news regarding the retirement age yet it has not been finalizes.

Even then it has been come to known that a favorable decision would be put forth regarding this issue due to the oncoming lok sabha and three state assembly elections.

In India the retirement ages of most of the state government employees range from 58 to 60. This is low in comparison to the government employees of foreign nation.

We shall see the effect of raising the retirement age in the following passage.

Advantage

1. If only 7th pay commission would be implemented in the year 2016 those retiring in the year span 2014 -2016 would be greatly benefitted.

2. Economically the employees would be in better position due to this rise of the age of superannuation

3. The pension amount and the other beneficiaries would also increase along side

4. There this chance of imparting fruitful experience to the subordinates or new recruit by those benefitted by rise in retirement age

5. More over there is chance of getting an additional MACP by the central govt employees

6. A good health psychological effect would prevail in their minds due to this boon of rising their retirement age and thus removing their fatigue

Disadvantage

1. Promotion would be greatly affected due to no retirement in the long span

2. Unemployment would come in to being due to the increase in retirement age

3. Output of work would be greatly affected if the retirement age of unhealthy employees would be increased.

This announcement would not be received in praise among those searching for employment in general Moreover among the retirement employees this decision is receiving a mixed response as some welcome while others detest it

Dearness Relief to Central Government Pensioners / Family Pensioners

Dearness Relief to Central Government pensioners/family pensioners - Revised rate effective from 1.1.2013.

F. No.42/13/2012-P&PW(G)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Pension & Pensioners’ Welfare

3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi – 110003
Date: 2nd May, 2013

OFFICE MEMORANDUM

Subject: Grant of Dearness Relief to Central Government pensioners/family pensioners - Revised rate effective from 1.1.2013.

The undersigned is directed to refer to this Department’s O.M. No. 42/13/2012-P&PW(G) dated 4th October, 2012 on the subject mentioned above and to state that the President is pleased to decide that the Dearness Relief (DR) payable to Central Government pensioners/family pensioners shall be enhanced from the existing rate of 72% to 80% w.e.f. 1st January, 2013.

2. These orders apply to (i) All Civilian Central Government Pensioners/Family Pensioners (ii) The Armed Forces Pensioners, Civilian Pensioners paid out of the Defence Service Estimates, (iii) All India Service Pensioners (iv) Railway Pensioners and (v) The Burma Civilian pensioners/family pensioners and pensioners/families of displaced Government pensioners from Pakistan, who are Indian Nationals but receiving pension on behalf of Government of Pakistan and are in receipt of ad-hoc ex-gratia allowance of Rs. 3500/- p.m. in terms of this Department’s OM No. 23/1/97-P&PW(B) dated 23.2.1998 read with this Department’s OM No. 23/3/2008-P&PW(B) dated 15.9.2008.

3. CentraI Government Employees who had drawn lumpsum amount on absorption in a PSU/Autonomous body and have become eligible to restoration of 1/3d commuted portion of pension as well as revision of the restored amount in terms of this Departments OM No.4/59/97-P&PW (D) dated 14.07.1998 will also be entitled to the payment of DR @ 80% w.e.f. 1.1.2013 on full pension i.e. the revised pension which the absorbed employee would have received on the date of restoration had he not drawn lumpsum payment on absorption and Dearness Pension subject to fulfillment of the conditions laid down in para 5 of the O.M. dated 14.07.98. In this connection, instructions contained in this Department’s OM No.4/29/99-P&PW (D) dated 12.7.2000 refer.

4. Payment of DR involving a fraction of a rupee shall be rounded off to the next higher rupee.

5. Other provisions governing grant of DR in respect of employed family pensioners and re-employed Central Government Pensioners will be regulated in accordance with the provisions contained in this Department’s OM No. 45/73/97-P&PW (G) dated 2.7.1999 as amended vide this Department’s OM No. F. No. 38/88/2008-P&PW(G) dated 9th July, 2009. The provisions relating to regulation of DR where a pensioner is in receipt of more than one pension, will remain unchanged.

6. In the case of retired Judges of the Supreme Court and High Courts, necessary orders will be issued by the Department of Justice separately.

7. It will be the responsibility of the pension disbursing authorities,including the nationalized banks, etc. to calculate the quantum of DR payable in each individual case.

8. The offices of Accountant General and Authorised Public Sector Banks are requested to arrange payment of relief to pensioners etc. on the basis of these instructions without waiting for any further instructions from the Comptroller and Auditor General of India and the Reserve Bank of India in view of letter No. 528-TA, 11/34-80-II dated 23/04/1981 of the Comptroller and Auditor General of India addressed to all Accountant Generals and Reserve Bank of India Circular No. GANB No. 2958/GA-64 (ii) (CGL)/81 dated the 21st May, 1981 addressed to State Bank of India and its subsidiaries and all Nationalised Banks.

9. In their application to the pensioners/family pensioners belonging to Indian Audit and Accounts Department, these orders issue after consultation with the C&AG.

10. This issues with the concurrence of Ministry of Finance, Department of Expenditure conveyed vide their OM No. 1(4)/EV/2004 dated 1st May, 2013.

11. Hindi version will follow.

sd/-
(Charanjit Taneja)
Under Secretary to the Government of India

Source: www.pensionersportal.gov.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D3/D03ppw/DR_020513.pdf]

Consumer Price Index Numbers for Industrial Workers (CPI-IW) April 2013.

Consumer Price Index Numbers for Industrial Workers (CPI-IW) April 2013.

Press Information Bureau
Government of India
Ministry of Labour & Employment

31-May-2013 18:07 IST

Consumer Price Index Numbers for Industrial Workers (CPI-IW) April 2013.

According to a press release issued today by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for April, 2013 rose by 2 point and pegged at 226 (two hundred and twenty six). On 1-month percentage change, it increased by 0.89 per cent between March and April  compared with 1.99 per cent between the same two months a year ago.

The largest upward contribution to the change in current index came from Food group which increased by 2.08 per cent, contributing 2.07 percentage points to the total change. This was followed by Fuel & Light group with 0.91 percent increase contributing 0.12 percentage points to the change.  At item level, largest upward pressure came from Rice, Wheat & Wheat Atta, Arhar Dal, Milk (Cow), Ginger, Root & Green Non-leafy vegetables, Tea Leaf, Tea (Readymade), Snack Saltish, Cigaratte, Electricity Charges, Medicine (Allopathic) etc. However, this was  compensated by Mustard Oil and Petrol putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 10.24 per cent for April, 2013 as compared to 11.44 per cent for the previous month and 10.22  per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 12.39 per cent against 13.21 per cent of the previous month and 10.66 per cent during the corresponding month of the previous year.

At centre level, Mysore recorded the largest increase of 13 points followed by Giridih, Bengaluru  and Puducherry (8 points each) and Darjeeling (7 points). Among others, 6 points rise was registered in 6 centres, 5 points in 2 centres, 4 points in 7 centres, 3 points in 15 centres, 2 points in 17 centres and  and 1 point in 13 centres. On the contrary, a decline of 4 points was reported in  Godavarikhani, 2 points in 4 centres and 1 point in one centre. Rest of the  7 centres’ indices remained stationary.

The indices of 40 centres are above All-India Index and other 35 centres’ indices are below national average. The index of  Chandigarh, Haldia and Ahmedabad centres remained at par with all-India index.

The next index of CPI-IW for the month of May, 2013 will be released on Friday, 28 June, 2013. The same will also be available on the office website www.labourbureau.gov.in.

Important Questions asked on Compassionate Appointment

Important Questions asked on Compassionate Appointment

DoP&T's No. 14014/02/2012-Estt.(D)
Department of Personnel & Training
Establishment 'D' Division

Dated 30th May, 2013

S.No.	Question	Answer
Introduction and Objective
1.	Under what provisions of Government, appointments on compassionate grounds are regulated?	The appointments on compassionate grounds against a post in Central Government are regulated in terms of the provisions of "Scheme for Compassionate Appointment under Central Government" issued under Department of Personnel & Training O.M. No. 14014/6/1994- Estt(D) dated 09.10.1998, as amended from time to time. All the instructions on compassionate appointments have been consolidated vide O.M. 14014/02/2012-Estt(D) dated 16.01.2013 and are available on the Department's website www.persmin.nic.in (OMs &Orders .> Establishment > (A) Administration (Ill) Concessions in Appointments (a) Compassionate Appointments).
2.	What is the objective of scheme for compassionate appointments?	The objective of the Scheme is to grant appointment on compassionate grounds to a dependent family member of a Government servant who has died while in service or who is retired on medical grounds before attaining the age of 55 years (57 years for erstwhile Group `D' employees), thereby leaving the family in penury and without any means of sustainable livelihood so as to provide relief to the family of the Government servant concerned from financial destitution and to help it get over the emergency.
3.	Is the Scheme applicable to member of Armed Forces?	Yes. Dependent family member of a Armed Force personnel can be considered for appointment against a civilian post within any establishment/organisation under the Ministry of Defence, if the armed force personnel: a) Dies during service; or b) Is killed in action; or c) Is medically boarded out and is unfit for civil employment
4.	Can dependents of a deceased government employee who committed No. 29). suicide be considered for compassionate appointment?	Yes. If the family satisfies the criteria to be considered for compassionate appointment (see S.  No. 29).

DoP&T's No. 14014/02/2012-Estt.(D) Dated 30th May, 2013
Department of Personnel & Training
Establishment 'D' Division

Scheme for wage negotiations for employees in CPSEs (Central Public Sector Enterprises)

Scheme for wage negotiations for employees in CPSEs (Central Public Sector Enterprises)

Press Information Bureau
Government of India
Ministry of Heavy Industries & Public Enterprises

04-June-2013 21:05 IST

Policy for wage negotiations for workmen in Central Public Sector Enterprises (CPSEs)

The Union Cabinet today approved the proposal for permitting the management of Central Public Service Enterprises (CPSEs) to initiate wage negotiations generally effective from 01.01.2012, subject to the condition that negotiated scales of pay would not come in conflict with existing scales of pay of executives / officers and non-unionized supervisors of the respective CPSEs.

This will benefit workmen of those CPSEs which opted for 5 years of wage settlement w.e.f. 01.01.2007 and they can now go for another wage negotiation for 5 years w.e.f. 01.01.2012.

Background :

There are 260 CPSEs in the country employing 13.98 lakh persons (2.74 lakh executives, 0.31 lakh non-unionized supervisors and 10.93 lakh unionized supervisors and workmen) as on 31.3.2012.

Cabinet meeting not yet made formal decision on retirement age of CG staff

Cabinet meeting not yet made formal decision on retirement age of CG staff

Though a number of newspapers and websites did spread the news that cabinet is likely to enhance central employees retirement age by two years today, nothing of this kind has been announced after the cabinet meeting held on today, 04.06.2013.

As per information available with us, the Govt. has already taken in principle decision to extend the service for two more years and DOPT has begun to work to implement the same.

The formal announcement is yet to be made but will be within this year definitely.

Source: www.paycommissionupdate.blogspot.in
[http://paycommissionupdate.blogspot.in/2013/06/no-decision-on-central-staff-retirement.html]

CENTRAL GOVERNMENT EMPLOYEES RETIREMENT AGE TO BE EXTENDED BY TWO YEARS (2) TO SIXTY TWO(62).

CENTRAL GOVERNMENT EMPLOYEES RETIREMENT AGE TO BE EXTENDED BY TWO YEARS (2) TO SIXTY TWO (62).

The government is planning to extend the retirement age of all central government employees by two years — from the current 60 to 62 years. Sources said that an in-principle decision has been taken in this regard and the department of personnel and training (DoPT) has begun the work to implement the same. A formal announcement to this effect is expected this year itself.

The last time the government extended the retirement age of central government employees was in 1998. It was also a two-year extension from 58. This was preceded by the implementation of the 5th Pay Commission, which had put severe strain on government’s finances. Subsequently, all state governments followed the Centre’s policy by extending the retirement age by two years. Public sector undertakings followed suit too.

Source: www.financialexpress.com

[http://www.financialexpress.com/news/central-govt-employees-retirement-age-to-be-extended-by-2-years-to-62/784342]

Allotment of General Pool Residential Accommodation to the employees of State/Union Territories Governments posted in Delhi

Allotment of General Pool Residential Accommodation to the employees of State/Union Territories Governments posted in Delhi

No.12016/1/2004.Pol.II

Government of India
Ministry of Urban Development
Directorate of Estates

Nirman Bhavan,
New Delhi – 110 108.

Dated the 23rd May, 2013.

OFFICE MEMORANDUM

Sub: Allotment of General Pool Residential Accommodation to the employees of State/Union Territories Governments posted in Delhi.

    The allotments of residential accommodation to the employees of State/Union Territories Governments working in Delhi are governed as per guidelines issued vide O.M.No.12016/2/80-Pol.II(Pt.III) dated 19.9.1997 and letters of even number dated 24.9.2004 and dated 3.8.2009.

2.    The matter has been re-examined. In order to streamline the earlier instruction and in supersession of the OM and letters as referred above, it has now been decided to make allotments to the employees of State and Union Territories Governments posted in Delhi on the following basis:

   

1.    The State/Union Territories Government employees will be allotted accommodation only by Directorate of Estates, on the recommendation of the concerned Resident Commissioner against the prescribed quota. The State/Union Territories Governments will not make any allotment on their own.

2.    On recommendation of the Resident Commissioner concerned, a maximum of four higher types of residential accommodations shall be allotted to the employees of State Government and a maximum of two higher type of residential accommodation shall be allotted to the employees of Union Territories on payment of normal licence fee, fixed by the Central Government from time to time. However, more than two lower type residential accommodations may be allotted to the employees of State Government and more than one residential accommodation may be allotted to the employees of Union Territories subject to the recommendation of the Resident Commissioner concerned within the overall ceiling of six units of residential accommodation for State Governments and three units of residential accommodation to Union Territories.

3.    Residential accommodation to the employees of State and Union Territories Governments shall be allotted on first floor in central area or on any floor in non-central area.

4.    Higher Type of accommodation shall be permitted on subsequent enhancement of pay of the officer but limiting allotment upto Type 6A [C-II] category.

5.    Higher types of accommodation shall be from Type-IV(Special) onwards. Type-IV and below types of accommodation shall henceforth be counted as lower types.

6.    Allottees will also be eligible for one change in respect of the type of residence allotted to them. An allottee who intends to avail change of residence, will make an application in the prescribed form which shall be included in the change waiting list.

7.    The accommodation allotted to the employees of State/Union Territories Governments will not be earmarked for them. The officials are required to vacate and hand-over the possession to the concerned CPWD Enquiry Office. The new incumbent will have to seek fresh allotment from the Directorate of Estates on the recommendation of the Resident Commissioner concerned.

8.    The number of units allotted to the quota of a State/UT Government shall be restricted to six and three respectively at any given time. New incumbent will be allotted a quarter on the recommendation of the concerned Resident Commissioner only if quota is available.

9.    The Directorate of Estates shall be responsible for cancellation, eviction of the unauthorized occupants on receipt of information from the concerned Resident Commissioner.

10.    The new incumbent in the post of Resident Commissioner shall be allotted Govt. accommodation of appropriate type for a period of one year on transfer of Head of Organisation of the office of Resident Commissioner, irrespective of the number of units allotted to the concerned State Governments. Meanwhile, the outgoing Resident Commissioner can retain the accommodation in his occupation, if necessary, for the period admissible as per normal rules, and will vacate the residence thereafter.

11.    The allotments to the officers of State/Union Territories Governments will continue to be made in the next below accommodation to their entitlement with reference to their basic pay as on the crucial date in the relevant allotment year.

12.    The accommodation under occupation in excess of prescribed quota for the concerned State/Union Territories Governments will revert back to the General Pool, as and when vacated.

13.    New incumbents will be allotted accommodation on physical vacation of an accommodation by the outgoing incumbents on slot becoming available under the prescribed quota as per the recommendations of the Resident Commissioner concerned.

14.    All the State/UT Governments will designate an officer as head of the organization and their recommendations in this regard will be final.

15.    Officers holding additional/dual charge of a post under the State/UT Governments in Delhi will also be eligible for allotment/retention of General Pool residential accommodation. Such allotment/retention will be against the prescribed quota. No accommodation in excess of the quota will be allotted/allowed to be retained under any circumstatnces.

16.    The permission for retention of the General Pool accommodation on medical/educational grounds to a State/UT Government employee in case of transfer/retirement upto a maximum period prescribed for Central Govt. employees will be given only on the recommendation of the concerned Resident Commissioner of State/UT and the unit will be counted towards the quota of State/UT till its vacation by the outgoing employee or eviction by the Directorate of Estates.

3.    These instructions do not apply to the officers/employees of the Government of National Capital Territory of Delhi.

4.    This issues with the approval of the competent authority.

(J.P.Rath)
Deputy Director of Estates

source-http://estates.nic.in/