Government decides to issue Sovereign Gold Bonds Scheme 2016 -17–Series III; Applications for the bond to be accepted from October 24, 2016 to November 02, 2016 and the Bonds will be issued on November 17, 2016

Government decides to issue Sovereign Gold Bonds Scheme 2016 -17 Series III; Applications for the bond to be accepted from October 24, 2016 to November 02, 2016 and the Bonds will be issued on November 17, 2016.

Government of India, in consultation with the Reserve Bank of India (RBI), has decided to issue Sovereign Gold Bonds 2016-17  Series III. Applications for the bonds will be accepted from October 24, 2016 to November 02, 2016. The Bonds will be issued on November 17, 2016. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange.
The features of the Bond are given below:

Sl. No.	Item	Details
1.	Product name	Sovereign Gold Bond 2016-17 - Series III
2.	Issuance	To be issued by Reserve Bank India on behalf of the Government of India.
3.	Eligibility	The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities and Charitable Institutions.
4.	Denomination	The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
5.	Tenor	The tenor of the Bond will be for a period of 8 years with exit option from 5th year to be exercised on the interest payment dates.
6.	Minimum size	Minimum permissible investment will be 1 grams of gold.
7.	Maximum limit	The maximum amount subscribed by an entity will not be more than 500 grams per person per fiscal year (April-March). A self-declaration to this effect will be obtained.
8.	Joint holder	In case of joint holding, the investment limit of 500 grams will be applied to the first applicant only.
9.	Issue price	Price of Bond will be fixed in Indian Rupees on the basis of simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited for the week (Monday to Friday) preceding the subscription period. The issue price of the Gold Bonds will be 50 per gram less than the nominal value.
10.	Payment option	Payment for the Bonds will be through cash payment (upto a maximum of Rs. 20,000) or demand draft or cheque or electronic banking.
11.	Issuance form	Government of India Stock under GS Act, 2006. The investors will be issued a Holding Certificate. The Bonds are eligible for conversion into demat form.
12.	Redemption price	The redemption price will be in Indian Rupees based on previous week's (Monday-Friday) simple average of closing price of gold of 999 purity published by IBJA.
13.	Sales channel	Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices as may be notified and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange, either directly or through agents.
14.	Interest rate	The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value of investment.
15.	Collateral	Bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time.
16.	KYC Documentation	Know-your-customer (KYC) norms will be the same as that for purchase of physical gold. KYC documents such as Voter ID, Aadhaar card/PAN or TAN /Passport will be required.
17.	Tax treatment	The interest on Gold Bonds shall be taxable as per the provision of Income Tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond
18.	Tradability	Bonds will be tradable on stock exchanges/NDS-OM from a date to be notified by RBI.
19.	SLR eligibility	The Bonds will be eligible for Statutory Liquidity Ratio purposes.
20.	Commission	Commission for distribution of the bond shall be paid at the rate of 1% of the total subscription received by the receiving offices and receiving offices shall share at least 50% of the commission so received with the agents or sub agents for the business procured through them.

Source: PIB

Calendar for Mid-Career interaction between Armed Forces and Civil Services Officers : 2016-17

Calendar for Mid-Career interaction between Armed Forces and Civil Services Officers : 2016-17

Month	Institute	Theme	Date	States/ UTs and Central Ministries proposed to be requested for sending nominations in r/o Civil Officers
September2016	DOPTAssam Administrative Staff College, Guwahati	Drug Trafficking	02-03September, 2016	Punjab, Maharashtra, Utter Pradesh, Bihar, Rajasthan, Chattisgarh, Jharkhand, Gujarat, Assam, Manipur, Nagaland, West Bengal, Kerala, Tamilnadu, Kamataka, Andhra Pradesh, Orissa & MHA
October2016	DOPTMahatma Gandhi State Institute of Public Administration, Chandigarh, Punjab	Counterfeit Currency	06-07 October,2016	Punjab, Maharashtra, Utter Pradesh, Bihar, Rajasthan, Chattisgarh, Jharkhand, Assam, Manipur, Nagaland, West Bengal, Kerala, Tamilnadu, Kamataka, Andhra Pradesh, Orissa, Telangana, Tripura, Arunachal Pradesh, Madhya Pradesh & MHA
November2016	MOD- NavyMaritime Warfare Centre, Vishakhapatnam	Eastern Maritime TheaterOpportunities, Challenges and sea based threats	01-04 November,2016	Andhra Pradesh, Andaman & Nicobar, Dadra & Nagar Haveli, Goa, Gujarat, Kamataka, Kerala, Lakshadweep, Maharashtra, Odisha, Puducherry, Tamilnadu, Telangana, West Bengal & MHA
December2016	MOD-ArmyHQ Western Command, Jalandhar	Misuse of social mass comm. (Media) Facilities for anti National activities and remedial measures	05-06 December,2016	Arunachal Pradesh, Assam, Chhattisgarh, Gujarat, Jammu and Kashmir, Jharkhand, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Punjab, Rajasthan,. Tripura, Uttar Pradesh, Uttarakhand, Chandigarh, Daman and Diu, NCT of Delhi and MHA
January2017	DOPTSardar Vallabhbhai Patel National Police Academy, Hyderabad	Cyber Security and Crime	16-18 January,2017	Arunachal Pradesh, Assam, Bihar, Chattisgarh, Kamataka, Kerala, Maharashtra, Manipur, Meghalaya, Mizoram Nagaland, Punjab, Rajasthan, Tamilnadu, Telangana, Uttar Pradesh, West Bengal & MHA
February2017	MOD- Air ForceCAW Secundrabad	Low Intensity Conflict Operations; Employment of Air Power	07-10 February2016	Andhra Pradesh, Goa, Gujarat, Jammu and Kashmir, Kamataka, Madhya Pradesh, Maharashtra, Manipur, Odisha, Punjab. Rajasthan, Telangana, Uttarakhand, West Bengal, Andaman and Nicobar Islands, Dadra and Nagar Haveli, Lakshadweep, NCT of Delhi, Puducherry

Source: Official Order

Merger of Dearness Allowance with the Basic Pay - Computation of emoluments of Running Staff for granting retirement benefits

Merger of Dearness Allowance with the Basic Pay - Computation of emoluments of Running Staff for granting retirement benefits

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
RAILWAY BOARD

E(P&A)II-2012/DC/JCM/1

New Delhi, Dated 17.10.2016

The General Secretary,
NFIR,
3, Chelmsford Road,
New Delhi - 110055

Sub: Merger of Dearness Allowance with the Basci Pay w.e.f. 01.04.2004 - computation of emoluments of Running Staff for granting retirement benefits - reg.

Ref: NFIR's letter No.IV/RSAC/Conf./Part VII dated 05.09.2016

I am directed to refer to your letter dated 05.09.2016 wherein the Federation has mentioned that Northern Railway has vide letter 720/EW/Misc/Union-Items/2015/E.IV/Loose dated 16.11.2015 correctly computed the emoluments of Running Staff with reference to Dearness Allowance and 30% thereon for the purpose of allowing the retirement benefits to those Running Staff who had retired during the period 01.04.2004 and 31.12.2005.

The matter has been examined in Baord's office and its observed that the methodology for computation contained in Northern Railway's letter referred to above, is not in conformity with the instructions on the matter as laid down in Baord's letter No.E(P&A)II-2004/RS-13 dated 12.10.2004, Northern Railway has accordingly been advised to take immediate corrective action in the matter vide Board's letter No.E(P&A)II-2014/RS-24 dated 22.07.2016.

Yours faithfully,
sd/-
For Secretary/Railway Board

Source: NFIR

2 DAYS POSTAL STRIKE ON 9TH & 10TH NOVEMBER 2016

2 DAYS POSTAL STRIKE ON 9TH & 10TH NOVEMBER 2016

Confederation National Secretariat calls upon all C-O-Cs and Affiliated organisations to extend full support and solidarity to the Postal employees strike and Conduct demonstrations on 9th & 10th in front of important Postal/RMS offices.

M. Krishnan
Secretary General
Confederation
Mob: 09447068125

E-mail: mkrishnan6854@gmail.com

AN INJURY TO ONE IS AN INJURY TO ALL THE WEAK AND DOWNTRODDEN NEED PROTECTION

The Government of India decided to extend the benefit of enhancement of bonus calculation ceiling from 3500 to 7000, to Central Government employees also, in the wake of 2016 September 2nd General strike, in which this was an important demand of the Confederation of Central Government Employees & Workers and NFPE. Orders enhancing the ceiling to 7000/- was issued by Government of India on 29th August 2016 with retrospective effect from 01.04.2014. i.e; from Financial year 2014 to 15. Payment of arrears for the year 2014-15 was made to the departmental employees in the month of September 2016 itself.

Unfortunately, the benefit of enhanced bonus calculation ceiling is not extended to three lakhs Gramin Dak Sevaks till this date. They have neither been paid arrears for 2014-15 nor the enhanced bonus for 2015-16 also. Each GDS employee has suffered a loss of Rs. 14,000 for two financial years on account of limiting the bonus to the old ceiling of 3500. There is no convincing or valid reason for denial or delay in payment of enhanced bonus to Gramin Dak Sevaks.

Last time, the Nataraja Murthy committee’s recommendation had resulted in denial of enhancement of bonus calculation ceiling from 2500 to 3500. Nataraja Murthy has recommended that GDS should be paid only 50% of the bonus of regular employees, as their productivity is only 50% of full time employees. Government accepted this recommendation and refused to grant enhanced bonus calculation ceiling of 3500/- to GDS, Against this decision of the Government NFPE, Al PEU-GDS and Postal Joint Council of action conducted series of agitational programes including strike and finally Government approved 3,500/-bonus calculation ceiling to GDS also. Thus the issue was settled once for all and there is no need of raising any doubt by the Postal Board, this time.

But, surprisingly, the Postal Board instead of issuing orders for grant of enhanced bonus to GDS referred the issue to GDS Committee. Fortunately, unlike Nataraja Murthy (a sadist officer who snatched away many of the benefit of GDS through his most retrograde and inhuman recommendations), the present GDS committee Chairman Shri Kamalesh Chandra (Retired Postal Board Member) submitted a reasonable, balanced and judicious recommendation to the Postal Board. In his recommendation Shri Kamalesh Chandrahas made it clear that the difference between the revenue generated by Branch Post Offices (GDS) and the expenditure incurred for running the BOs is only 200 Crores, where as the total deficit of the Department of Posts is more than 6000 crores. That shows that major portion of the loss of the Postal Department is not due to GDS system. He recommended that as the productivity of GDS is equal or in some cases more than departmental employees, GDS are eligible for enhanced bonus ceiling of Rs.7000/-.

Inspite of this unambiguous recommendation, the Postal Board refused to issue orders. Instead, it has referred the file for approval of Finance Ministry. Now the file is pending with Finance Ministry. More than two months are over, after the Government issuing the enhanced bonus calculation ceiling order. Three lakhs GDS are totally disappointed and their anger and protest is increasing day by day. Grave injustice is done to the GDS and it cannot be tolerated.

There are 5.5 lakhs employees working in the Postal Department, out of that 2.75 lakhs are Gramin Dak Sevaks. Denial of enhanced bonus to 50% of the work force is a clear case of discrimination. It is not a case of GDS alone. In a family if somebody is affected, then it becomes the issue of all members of the family. Every member of the family shall stand together to help the affected member and to resolve the problem. Here also, the problem of GDS who are the most oppressed and down-trodden section of the Postal department is the problem of all. An injury to one is an injury to all.

It is in this background, Postal JCA comprising NFPE, FNPO, AIPEU-GDS & NUGDS has decided to organise two day's nationwide strike on 9th & 10th November 2016, demanding (1) enhanced bonus to GDS and (2) payment of arrears of revised wages from 01.01.2006 to all casual labourers.

Source http://confederationhq.blogspot.in

Restructuring of cadre of artisan staff in Defence Establishments in 6th CPC modification of recommendations of CPC

4600 Grade Pay for Industrial Employees : MoD Order on 19.10.2016 - Ministry of Defence I.D.No.11(S)/2009- D(Civ-l) dated 19 October, 2016

Restructuring of cadre of artisan staff in Defence Establishments in modification of recommendations of 6th CPC - clarification regarding

Government of India
Ministry of Defence
D (Civ-I)

Subject: : Restructuring of cadre of artisan staff in Defence Establishments in 6th CPC modification of recommendations of CPC - clarification regarding.

In continuation of Ministry of Defence I.D. of even No. dated 06th February 2014, on the subject mentioned above, it has been decided that the “Skilled” Workers who were already drawing the pay scale of Chargeman (Rs.5000-8000) viz, the promotion post of Highly Skilled/MCM, upto 31.12.2005 under ACPS, will also be considered for further financial upgradations, if due, in the next Grade Pay (Rs. 4600/-) in the hierarchy of Grade Pays, as available to Highly Skilled Workers/MCM.

2. This issues with the concurrence of Defence Finance vide their Dy. No.185/AG/PB dated 18 October 2016.

sd/-
(Pawan Kumar)
Under Secretary to the Govt. of India

Authority: www.mod.gov.in

Recommendations of Seventh CPC with regard to Firefighting Staff

Recommendations of Seventh CPC with regard to Firefighting Staff

No.AB-14017/15/2016-Estt.(RR)
Government of India
Ministry of Personnel P.G & pensions
Department of Personnel and Training

North Block, New Delhi
Dated: 17th Oct, 2016

OFFICE MEMORANDUM

Sub: Recommendations of Seventh CPC with regard to Firefighting Staff.

The undersigned is directed to refer to para.7.7.24 of the report of 7 th CPC wherein it has been recommended for drafting of Model Recruitment Rules for the Firefighting Staff of all Central Government Departments and UTs with similar designation and pay structure.

2. In view of the above it is requested to furnish information on the following points:

I. Whether Firefighting Staff is existing, if yes, the hierarchy and the strength in each grade/level thereof;
II. Copy of the existing Recruitment Rules for all the levels.
III. Comments on the recommendations of 7th CPC.

(Shukdeo Sa
Under Secretary (RR-II )

To
1. Joint Secretary (Establishment)/Administration
Ministry of Home Affairs
North Block, New Delhi
2. Joint Secretary (Establishment)/Administration
Ministry of Defence
South Block, New Delhi
3. Joint Secretary (Establishment)/Administration
DRDO
Dalhousie Road, New Delhi
4. Joint Secretary (Establishment)/Administration
Ministry of Railways
Rail Bhawan, New Delhi

Source: Official Order

Implementation of 7th CPC Recommendations to Employees of Autonomous Bodies: Confederation to include the issue in Charter of Demand

Implementation of 7th CPC Recommendations to Employees of Autonomous Bodies: Confederation to include the issue in Charter of Demand

Confederation Message:-

Employees of Autonomous bodies are requested to Conduct the following programmes of Confederation.

1. 20.10.2016
Demonstration in front of all offices and gate meetings. Resolution to be adopted may be sent to (1) Prime Minster (2) Finance Minister (3) Home Minister and (4) All Heads of Departments.

2. 07.11.2016
Mass Dharna at all Important Centers Jointly with Confederation.

3. Massive Parliament March on 15-12-2016
Employees of Autonomous bodies are also requested to Participate in large numbers with flags & banners of their associations in the Parliament March on 15th December 2016.

To,
1. All National Secretariat Members
2. All Affiliated organisations
3. All C-O-Cs

Dear Comrades,
As you aware the orders for Revision of pay of employees of Autonomous bodies has not yet been issued by the Government. Many of the organisations of Autonomous bodies (Some of them are affiliates of Confederation) have requested Confederation CHQ to include their demands also in Confederation Charter of Demands. It is decided to include the following demand of employees of Autonomous bodies also in the Confederation’s Charter of Demand as item No. 20.

Demand No. 20 : “Implementation of the Revised Pay Structure in respect of employees working in Autonomous bodies Consequent on implementation of CCS (Revised Pay) Rules 2016 in respect of Central Government Employees w.e.f. 01.01.2016”.

M. Krishnan
Secretary General
Confederation
Mob: 09447068125
E-mail: mkrishnan6854@gmail.com

Source: http://confederationhq.blogspot.in/

Disbursement of salary to all Employees working in Dept. of Posts including GDS and payment of Pension to pensioners by 25th of this month on account of Deepawali Festival on 30th of this month

Postal Employees request for payment of salary before Diwali: NFPE Requests

National Federation of Postal Employees
1st Floor North Avenue Post Office Building, New Delhi-110 001
No. PF-16/2016

Dated: 18th October, 2016

To
Shri B.V. Sudhakar,
Secretary,
Department of Posts,
Dak Bhawan,
New Delhi-110 001

Sub: Disbursement of salary to all Employees working in Dept. of Posts including GDS and payment of Pension to pensioners by 25th of this month on account of Deepawali Festival on 30th of this month - Reg.

Sir,
The Deepawali festival is an important festival spread all over the Country and Celebrated by and large. The festival will start from 28th and continue up to 2nd November.

As the festival is in the last dates of the month. Mostly employees will not be having money to spend and to celebrate Deepawali festival.

It is therefore, requested to kindly cause suitable orders for disbursement of salary of all staff working in Department of Posts on 25th October, 2016 so that the officials can celebrate the festival happily.
A positive action is highly solicited.

With regards.
Yours faithfully,
(R.N. Parashar)
Secretary General

Source : nfpe.blogspot.in/

Grant of PLB & Non-PLB adhoc Bonus to CGE for the year 2014-15 & 2015-16

Grant of PLB & Non-PLB adhoc Bonus to CGE for the year 2014-15 & 2015-16

Secretary, NC JCM writes to Secretary, DoE for raising the bonus ceiling for casual workers to Rs.7000/-

Ph: 23382286
National Council (Staff Side)
Joint Consultative Machinery
for Central Government Employees
13-c, Ferozshah Raod, New Delhi -110001
E.mail: nc.jcm.np@gmail.com

Shiva Gopal Mishra
Secretary

No. NC-JCM-2016/Fin. (Bonus)

October 18.2016

The Secretary,
Govt of India
Ministry of Finance,
Department of Expenditure.
North Block.
New Delhi - 110001

Subject : Grant of PLB & Non-PLB adhoc Bonus to CGE for the year 2014-15 & 2015-16 - Reg.

Reference OM No7/24/2007.E-11 (A) dated 3.10.2016

Dear

We invite your kind reference to the above cited letter granting Non PLB to Central Govt employees & casual/ contingent workers. Similar orders have also been issued for the personnel in Railways, Defence and Postal Establishments etc where PLB is applicable.

While in the cam of regular employees - both PLB & Non PLB - the calculation ceiling for payment of Bonus was raised to Rs 7000/- for the years 2014/15 & 2015.16. In the case of Casual Labourers and casual labourers with temporary status, the said ceiling continues to be pegged down at Rs 1,200/-. It may kindly be noted that the said ceiling of Rs 1,200/- in the case of Casual Workers end casual workers with temporary status was determined in the yew 1999 when the ceiling for regular employees was Rs 2500/-

In the case of regular employees the said ceiling was raised to Rs 3.500/- in the year 2006 and again to Rs 7,000/- in 2016 (retrospectively from 2014-15) whereas for casual workers and Casual workers with temporary status it remained at Rs 1.200/- all along slaw 1999-2000. The emoluments of Casual Workers and Casual workers with temporary status is now proportionate to the wages of regular employees.

We request you to kindly get the matter examined and explore the possibilities of raising the ceiling limit to Rs 7000/- for casual workers and casual workers with temporary status on par with the regular employees.

Thanking You,

Yours Faithfully

sd/-
(Shiva Gopal Mishra)
Secretary

Source : http://aipeup3bbsr.blogspot.in/

Extension of wage revision benefits arising from 7th CPC recommendation to employees of autonomous bodies set up by GOI

Extension of wage revision benefits arising from 7th CPC recommendation to employees of autonomous bodies set up by GOI

Ph: 23382286
National Council (Staff Side)
Joint Consultative Machinery
for Central Government Employees
13-c, Ferozshah Raod, New Delhi - 110001
E.mail: nc.jcm.np@gmail.com

Shiva Gopal Mishra
Secretary

No. NC-JCM-2016/7th CPC

October 18.2016

The Secretary,
Govt of India
Ministry of Finance,
Department of Expenditure.
North Block.
New Delhi - 110001

Subject : Extension of wage revision benefits arising from 7th CPC recommendation to employees of autonomous bodies set up by GOI- Reg.

Dear Sir,

The autonomous bodies set up by GOI normally follow the central pattern of Pay Scales and service conditions. The Ministry of Finance is to issue the requisite coders as and when pay commission recommendations are accepted and implemented in so far as Central Government Employees are concerned to extend the said benefit to employees of autonomous bodies. To give effect to 6th CPC recommendations, orders were issued on 30.09.2008. So far no order has been issued by the Govt extending the 7th CPC benefit to employees of autonomous bodies. We request that the same may please be expedited.

In respect of employees who are on permanent deputation to such autonomous bodies, the Revised Pay Rules, 2016 notified as GSR 721 (E) dated 25.07.2016 is applicable. However. it has been represented to us that some of the autonomous Bodies have not extended the benefit to the employees on deputation, probably due to an incorrect understanding of the issue.

We request that the autonomous bodies may be advised to implement the notification in the ease of employees/officers on deputation to autonomous organization without waiting for a formal order from the Ministry of Finance.

Thanking You,

Yours Faithfully
sd/-
(Shiva Gopal Mishra)
Secretary

Source : http://aipeup3bbsr.blogspot.in/