Revision of interest rates for Small Savings Schemes – Fin Min Orders

Revision of interest rates for Small Savings Schemes – Fin Min Orders

F.No. 1/04/2016·NS.11
Government  of India
Ministry of Finance Department  of Economic Affairs (Budget  Division)

North Block,  New Delhi
Dated:  18th  March, 2016

OFFICE  MEMORANDUM

Subject:   Revision   of interest   rates  for  Small  Savings   Schemes.

The  undersigned   is directed  to  refer to this  Department’s   OM  of even  number  dated 16th   February,   2016,  vide  which  the  various  decisions  taken  by the  Government   regarding interest fixation  for small savings schemes  were communicated  to all concerned.

2.         On  the  basis  of  the  decisions   of  the  Government,   interest  rates  for  small  savings schemes  are to  be notified  on quarterly  basis.  Accordingly,   the  rates  of  interest  on various small  savings  schemes  for  the  first  quarter  of financial  year  2016-17,   on  the  basis  of the interest  compounding/payment   built-in in the schemes,  shall be as under:

Instrument	Rate of Interest W.E.F 01.04.2015 to 31.03.2016	Rate of Interest w.e.f 01.04.2016 to 30.06.2016
Savings Deposit	4.0	4.0
1 Year Time Deposit	8.4	7.1
2 Year Time Deposit	8.4	7.2
3 Year Time Deposit	8.4	7.4
5 Year Time Deposit	8.5	7.9
5 Year Recurring Deposit	8.4	7.4
5 Year Senior Citizens Savings Deposit	9.3	8.6
5 Year Monthly IncomeAccount scheme	8.4	7.8
5 Year National Savings Certificate	8.5	8.1
Public Provident Fund Scheme	8.7	8.1
Kisan Vikas Patra	8.7	7.8 (Will Mature in 110 Months)
Sukanya Samriddhi Account Scheme	9.2	8.6

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7th Pay Commission – NFIR Ultimatum to Jaitely – If grievance not met – Trains will be off the track from 11 July

7th Pay Commission – NFIR Ultimatum to Jaitely – If grievance not met – Trains will be off the track from 11 July

Western railways employees union General Secretary Mr. Mahurkar said in a press conference in Nagad, if the recommendations of the railway minister Mr. Prabhu are not met or not accepted, the rails will come to a crashing halt on July 11.

7th Pay Commission – NFIR Ultimatum to Jaitely – If grievance not met – Trains will be off the track from 11 July
7th Pay Commission – NFIR Ultimatum to Jaitely – Railways minister Suresh Prabhu has requested Union finance minister Arun Jaitley for a financial assistance of about Rs 32,000 crore to absorb impact of 7th Pay Commission recommendations.

Railways minister Suresh Prabhu has requested Union finance minister Arun Jaitley for a financial assistance of about Rs 32,000 crore to absorb impact of 7th Pay Commission recommendations.

“I would therefore earnestly request you to help the ministry of Railways and hand-hold it for implementation of 7th CPC recommendations,” Prabhu said in a letter addressed recently to Jaitley. “This may be done either through compensation of loss for coaching services (Rs 31,727 crore in 2013-14) or directly by virtue of a revenue grant matching the amount of the 7th CPC’s liability placed upon the Railways for the next three to four years.”

Western railways employees union General Secretary Mr. Mahurkar said in a press conference in Nagad, if the recommendations of the railway minister Mr. Prabhu are not met or not accepted, the rails will come to a crashing halt on July 11.

He added that about 1.5 lakhs of RPF jobs are vacant.

He further reiterated, the security forces of railways work 24 hours, they should be paid accordingly, based on their commitment, which is not happening, he said.

Railway Minister Mr. Prabhu has conveyed the grievances of railway staff to the finance minister Mr. Jitley, however it looks like he is in no mood to listen the plight of the railway staffs. so the employees are forced to take further devastative action, he added.

In the 6th CPC the increase in the wages was 54% but the 7th pay commission has recommended only 14.3% increase. Its a crime against employees, he added.

Mahurkar also objected to the implementation of new pension scheme for the employees from April 1 2014.

He added, on 9th June we will issue a notice for strike, if our demands are not met, from 11th July the railway employees will go on indefinite strike.

Source: Dainik Bhaskar

Recommendations of 7th Pay Commission – Rejoinder submitted by NCJCM staff side

Recommendations of 7th Pay Commission – Rejoinder submitted by NCJCM staff side

We have submitted a rejoinder on the report of VII CPC, seeking bilateral settlement on the issues related to VII CPC.

You are gracious enough to convene a meeting on 1st March, 2016, wherein members pf the Staff Side, National Councii(JCM) and Empowered Committee of Secretaries participated.

Subsequently, another truncated meeting was held on 30th March, 2016. In both the meetings Official Side heard our views, but no re.action of the Official Side was expressed except general remarks.

I have been directed to draw your kind attention towards minutes of the Standing Committee of National Councii(JCM) held on t h May, 2008 and our rejoinder submitted to government in the matter of report of VI CPC.
You will kindly find that, it was not only a general discussion, but also Official Side explained their views on each and every issue.

I would , therefore, request your goodself to kindly arrange for similar type meeting for bilateral settlement on each of the issues raised by the Staff Side, NC/JCM before Empowered Committee of Secretaries.

Source-http://ncjcmstaffside.com/

Grant of Dearness Relief to CPF beneficiaries in receipt of ex-gratia payment w.e.f 01.01.2016

Grant of Dearness Relief to CPF beneficiaries in receipt of ex-gratia payment w.e.f 01.01.2016.

F. No. 42/06/2016-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:- 03 May 2016

OFFICE MEMORANDUM

Subject: Grant of Dearness Relief to CPF beneficiaries in receipt of ex-gratia payment w.e.f 01.01.2016.

In continuation of this Department’s OM No. 42/10/2014-P&PW(G) dated 28th Oct, 2015, the President is pleased to grant the Dearness Relief at the rate of 5th CPC w.e.f. 1.1.2016 to the following :

The surviving CPF beneficiaries who have retired from service between the period 18.11.1960 to 31.12.1985 and are in receipt of ex-gratia @ Rs.600/-p.m. w.e.f. 01.11.1997 under this Department’s OM No. 45/52/97-P&PW(E) dated 16.12.1997 & revised to Rs.3000, Rs.1000, Rs.750 & Rs.650 for Group A, B, C & D respectively w.e.f 4th June,2013 vide OM No. 1/10/2012-P&PW(E) dtd. 27th June, 2013 are entitled to Dearness Relief @ 245% w.e.f. 01.01.2016.

(ii) The following categories of CPF beneficiaries who are in receipt of ex-gratia payment in terms of this Department’s OM No. 45/52/97-P&PW(E) dated 16.12.1997 are entitled to DR ©237 % w.e.f. 01.01.2016.

(a) The widows and dependent children of the deceased CPF beneficiary who had retired from service prior to 1.1.1986 or who had died while in service prior to 1.1.1986 and are in receipt of Ex-gratia payment of Rs. 605/- p.m. & revised to Rs 645/-p.m with effect from 04th June ,2013 vide OM No. 1/10/2012-P&PW(E) dated 27th June,2013.

(b) Central Government employees who had retired on CPF benefits before 18.11.1960 and are in receipt of Ex-gratia payment of Rs. 654/-, Rs. 659/-, Rs. 703/- and Rs. 965/-.

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

In their application to the Indian Audit and Accounts Department, these orders issue in consultation with the C&AG.

3. This issues as per Ministry of Finance, Department of Expenditure vide their OM No 1(4)/EV/2004 dated 25.05.2015 and OM No.1(3)/2008-E.II(B) dated 22.04.2016.

4. Hindi version will follow.

( Charanjit Taneja)
Under Secretary to the Government of India

Download signed  copy here- Grant of Dearness Relief to CPF beneficiaries in receipt of ex-gratia payment w.e.f 01.01.2016.

Tour Packages For Gatimaan Express Travellers

Tour Packages For Gatimaan Express Travellers

Ministry of Railways

04-May, 2016

Indian Railway Catering and Tourism Corporation has started operating two different tour packages for those travelling in Gatimaan Express. The one day comprehensive package offers visit to Agra Fort and Taj Mahal in AC vehicle, food at hotel, guide etc. The two days / one night comprehensive package offers visit to Agra Fort, Itmad-ud-Daula’s tomb, Mehtab Bagh, Taj Mahal, Fatehpur Sikri and Sikandra in AC Vehicle, food, accommodation at hotel, guide etc.

This Press Release is based on information given by the Minister of State for Railways Shri Manoj Sinha in a written reply to a question in Lok Sabha on 04.05.2016 (Wednesday).

PIB

Minimum Pension – Ministry of Labour & Employment

Minimum Pension – Ministry of Labour & Employment

Minimum Pension

The Government has notified a minimum pension of Rs. 1000/- per month to the pensioners under Employees’ Pension Scheme (EPS), 1995 vide Notification No. G.S.R. 593 (E), dated 19th August, 2014 effective from 01.09.2014 for the year 2014-15 which is continued beyond March, 2015 without any break.

However, no proposal is under consideration of the Government at present for providing inflation-linked Dearness Allowance (DA) to pensioners of EPS, 1995. The issue of index-linking of pension by fully neutralizing inflation was considered by the Expert Committee constituted by the Government in the year 2009 for review of EPS, 1995 and the same was found not feasible in the case of a funded scheme like EPS, 1995 wherein the contribution of the employer and Government is at a fixed rate of 8.33 per cent and 1.16 per cent respectively. Therefore, the value of benefits cannot be left open-ended by linking it with inflation which is variable.

This information given by Shri Bandaru Dattatreya, the Minister of State (IC) for Labour and Employment, in reply to a question in Rajya Sabha today.

PIB

Filling up the post of Canteen Attendant in the Departmental Canteen of Department of Personnel & Training

Filling up the post of Canteen Attendant in the Departmental Canteen of Department of Personnel & Training

No.A.32022/ 3/ 2011-Ad.III (Vol-II)

Government of India

Ministry of Personnel, P.G. and Pensions

(Department of Personnel and Training)

North Block, New Delhi,

Dated 4th May, 2016

To,
The Director,
Directorate of Advertising & Visual Publicity,
Ministry of Information & Broadcasting,
PTI Building, Parliament Street,
New Delhi – 110002

Subject: – Filling up the post of Canteen Attendant in the Departmental Canteen of Department of Personnel & Training. – Reg.

Sir/ Madam,
I am directed to say that this Department proposes to fill up Seven (7) (number of vacancies are tentative and may vary) vacant posts of Canteen Attendant in the Pay Band-I (Rs. 5,200/- Rs.20,200/ -) with Grade Pay of 1800/- in the Departmental Canteen of this Department purely on temporary basis. The post of ‘Canteen Attendant’ is a direct recruitment post to be filled up through Employment Exchange by candidates having educational qualification of Matriculation or equivalent. The age limit of the said post is 18-25 years as on the last date for submission of application form.

2. . Applications of willing and eligible candidates may be sent along with; i) Bio-data (as in proforma at Annexure-I); ii) Attested copies of certificates (matriculation (mandatory) and certificate/ diploma in hospitality management/ cooking/ catering (optional) only); iii) A valid Employment Exchange Registration ID number (mandatory);  to the Under Secretary (Coordination-II), Department of Personnel & Training, Room No. 3, North Block, New Delhi, within 60 days from the date of publication of this vacancy circular in the Employment News.

3. It is therefore, requested to advertise the same in the Employment News.

A copy of the relevant Employment news may also kindly be sent to this Department.

Yours faithfully

(Kulbhushan Malhotra)

Under Secretary to the Govt. of India

23093791

Encl: As Above.

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Central Civil Services (Leave Travel concession) Rules, 1988 – Reimbursement of rail fare on LTC in respect of children of 5-12 yrs age group

Central Civil Services (Leave Travel concession) Rules, 1988 – Reimbursement of rail fare on LTC in respect of children of 5-12 yrs age group

No. 31011/3/2016-Estt (A.IV)

Government of India

Ministry of Personnel, Public Grievances and Pensions

Department of Personnel and Training

Establishment A-IV Desk

North Block, New Delhi-110 001

Dated: April 29, 2016

OFFICE MEMORANDUM

Subject:- Central Civil Services (Leave Travel concession) Rules, 1988 – Reimbursement of rail fare on LTC in respect of children of 5-12 yrs age group.- Clarification reg.

As per Railway Board’s circular No. 71 of 2015, Ministry of Railways have decided that in case of children above 5 years and under 12 years of age, for whom full berth/seat is sought at the time of reservation, full fare shall be charged. It is mentioned that if berth/seat is not sought for the children of age 5 years and under 12 years of age at the time of reservation, then half of the adult fare shall continue to be charged subject to minimum distance for charge. This would be effective for the travel w.e.f. 10.04.2016.

2. In this regard, several references have been received in this Department from various Ministries/ Departments seeking clarification as to whether the full fare charged by the Railways for reservation of berth for children between 5 years and 12 years shall be reimbursable while availing LTC facility.

3. The matter has been examined in consultation with Department of Expenditure, Ministry of Finance and it has been decided that for the family members of the Government servant, aged between 5 yrs and under 12 yrs, the actual rail fare shall be reimbursed for LTC, as per the choice of rail tickets purchased by the Government servant.

(Surya Narayan Jha)

Under Secretary to the Government of India

To
The Secretaries
All Ministries / Departments of Government of India.
(As per the standard list)

Circular Portal

7th Pay Commission – Rajnath Singh Assures Recommendations will be Implemented before June 30

7th Pay Commission – Rajnath Singh Assures Recommendations will be Implemented before June 30

Mr. Mishra further added, the Home Minister Mr. Rajnath Singh assured that every effort will be taken to insure that the 7th Pay Commission be implemented before June 30th 2016.
7th Pay Commission – Rajnath Singh Assures Recommendations will be Implemented before June 30 – Mr. Mishra said, they have demanded for the old pension system to be implemented.

A 6 member delegation under the leadership of Mr. V.P. Mishra, president Indian Public Service Employment Federation (IPSEF) met the Home Minister Mr. Rajnath Singh in his official residence and demanded for early implementation of the 7th pay commission recommendations.

Mr. Mishra said, they have demanded for the old pension system to be implemented.

Mr. Mishra further added, the Home Minister Mr. Rajnath Singh assured that every effort will be taken to insure that the 7th Pay Commission be implemented before June 30th 2016.

The member delegation also met the President of the 7th Pay Commission and the Central Cabinet Secretary Mr. P.K. Sinha. The delegation demanded for increased in basic salary from Rs.18,000 to Rs.26,000. They also demanded for increase in ACP after 8,16,24 years in service to be equal to promotion wages.

Source: Navbharat Times

Coverage of Railway Employees appointed prior to 01.01.2004 under liberalized pension Scheme

Coverage of Railway Employees appointed prior to 01.01.2004 under liberalized pension Scheme – Affected employees can always represent to the General Manager of the concerned Zonal Railways

Government Of India (Bharat Sarkar)

Ministry Of Railways (Rail Mantralaya)

(Railway Board)

No.2012/F(E)III/1(1)/4

New Delhi, dated 12.04.2016

The General secretary,
NFIR,
3, chelmsford Road,
New Delhi – 110 055.

Dear sir,

Sub: Coverage of Railway Employees appointed prior to 01.01.2004 under liberalized pension Scheme – reg.

The undersigned is directed to refer to NFIR’s letter No.II/35 Part 12 dated 30.03.2016 on the above subject and to state that necessary instructions have already been issued vide this office letter No.F(E)III/2004/NPS/1 dated 27.3.2008 (Copy enclosed). As far as implementation of instructions dated 27.03.2008 is concerned, it is stated that affected employees can always represent to the General Manager of the concerned Zonal Railways. However, if they are not satisfied with the decision of the General Manager, they may represent to Railway Board.

Yours faithfully,

for Secretary/Railway Board.

R.B.E.No.47/2008

GOVERNMENT OF INDIA (BHARAT SARKAR)

MINISTRY OF RAILWAY (RAIL MANTRALAYA)

(RAILWAY BOARD)

NO.F(E)III/2004/NPS/1

New Delhi Dated 27.03.2008

The GMs/FA & CAOs,
All Indian Railways/Production Units,
(As per Mailing List)

Sub: Applicability of Railway Services (Pension) Rules, 1993 in respect of those put on induction training prior to 1.1.2004 and were in receipt of stipend.

A copy of Department of Pension & Pensioners Welfare (DOP&Pw)’s O.M.No.38/58/06-P&Pw(A) dated 5th March, 2008 is forwarded herewith for information and compliance. The orders contained therein apply mutatis mutandis on the Railways CCS(Pension) Rules, 1972 referred to in the said O.M.Corresponds to Railway Services (pension) Rules, 1993. DOP&PW’s O.M. of even number dated 11th October, 2006 quoted in the O.M.was circulated on the Railways vide Board’s letter of even number dated 14.11.2006.
2. Please acknowledge receipt.

(S.SREERAM)

Joint Director Finance (Estt.)

Railway Board.

No.38/58/06-P&Pw(A)

Government Of India

Ministry Of Personnel, P.G. & Pensions

Department of Pension & Pensioner’s welfare

3rd Floor, Lok Nayak Bhawan

Khan Market, New Delhi – 10003

Dated 5th March, 2008

OFFICE MEMORANDUM

Subject: Applicability of CCS (Pension) Rules, 1972 in respect of those pur on induction training prior to 1.1.04 and were in receipt of stipend.

The undersigned is directed to state that the existing CCs (Pension) Rules, 1972 are applicable to Government Servants appointed on or before 31st December 2003. Vide this Deportment’s OM of even No.dated 11th October 2006. It was clarified that the employees who were put on induction training prior to 1.1.2004 and were paid salary from that date would be covered under CCS (Pension) Rules, 1972.

2. The staff side of the National council (JCM) has sought further clarification whether the cases of persons who are put on induction training prior to 1.1.2004 but were in receipt of stipend would be covered under the CCS (Pension) Rules, 1972.

3. The matter has been further examined and it is now clarified that the employees who were required to undergo departmental training relating to jobs prior to 1.01.04 before they were put on regular employment and were in receipt of stipend during such training would also be covered under the CCS (Pension) Rules, 1972 provided the period spent on such training was eligible for being counted as qualifying service under the CCS (Pension) Rules 1972.

4. Hindi version will follow.

(M.P.Singh)

Director

Tel.24624802

Source : NFIR