Thursday, 3 April 2014

Railways decides to constitute a committee for Productivity Linked Bonus

Ministry of Railways have decided to constitute a committee for evolving a new formula for Productivity Linked Bonus(PLB) on Indian Railways
G.I., Min. of Railways, Railway Board, Order No.ERB-I/2014/23/15 dated 21.3.2014
Ministry of Railways (Railway Board) have decided to constitute a Committee for evolving a new formula for Productivity Linked Bonus on Indian Railways. The Committee will consist of the following :-

i) Additional Member (Staff), Railway Board - Convenerii) Additional Member (Budget), Railway Board - Memberiii) Additional Member (Civil Engineering), Railway Board - Memberiv) Additional Member (Mechanical Engineering), Railway Board - Memberv) Additional Member (Commercial), Railway Board - Member
2. The Terms of reference of the Committee will be as under :
"To evolve a new formula for calculation of number of Productivity Lined Bonus days keeping in view the recommendations of the Sixth Central Pay Commission and the views of the Ministry of Finance."
3. The Headquarter of the Committee will be at New Delhi.
4. The Committee shall submit its report within a period of four months from the date of its Constitution.
5. The Convener and Members of the Committee will be eligible to draw TA/DA, as per extant rules.
 
 
Ministry of Railways have decided to constitute a committee for evolving a new formula for Productivity Linked Bonus(PLB) on Indian Railways.  

Government of India
Ministry of Railways
Railway Board
No.ERB-I/2014/23/15
New Delhi, dated 21.3.2014

ORDER

Ministry of Railways (Railway Board) have decided to constitute a Committee for evolving a new formula for Productivity Linked Bonus on Indian Railways. The Committee will consist of the following :-

i) Additional Member (Staff), Railway Board - Convener
ii) Additional Member (Budget), Railway Board - Member
iii) Additional Member (Civil Engineering), Railway Board - Member
iv) Additional Member (Mechanical Engineering), Railway Board - Member
v) Additional Member (Commercial), Railway Board - Member

2. The Terms of reference of the Committee will be as under :
"To evolve a new formula for calculation of number of Productivity Linked Bonus days keeping in view the recommendations of the Sixth Central Pay Commission and the views of the Ministry of Finance."

3. The Headquarter of the Committee will be at New Delhi.

4. The Committee shall submit its report within a period of four months from the date of its Constitution.

5. The Convener and Members of the Committee will be eligible to draw TA/DA, as per extant rules.

sd/-
(J.M.S. Rawat)
Deputy Secretary (Estt)
Railway Board

Source Document : http://www.nfirindia.org/

RBI grants bank licences to IDFC, Bandhan Financial

The Reserve Bank allowed corporate houses to form banks
 in 2013 as part of an effort to expand access to financial services in the country.
MUMBAI: The Reserve Bank of India said on Wednesday it had granted bank licenses to IDFC Ltd and Bandhan Financial Services that would be valid for 18 months and would be subject to the two financial firms fully complying with central bank regulations. 
The central bank will also consider the application of India Post, but under a separate process to be carried out in consultation with the government. 
The RBI last year allowed corporate houses to form banks as part of an effort to expand access to financial services in the country. No new Indian bank has been formed since Yes Bank in 2004.
The Election Commission on Tuesday allowed the RBI to announce new bank licences even ahead of general elections set to conclude next month, according to a notice in the commission's website. 
The RBI had sought the commission's approval to issue new bank licences to ensure the process would not clash with the code of conduct ahead of elections, which prevents decisions that may be deemed as political from being taken by government officials or regulators. 
"The commission is of the view that Reserve Bank of India may take necessary action as deemed appropriate by the Bank," election commission said regarding the central bank's query.

Source : http://timesofindia.indiatimes.com/

Monday, 10 March 2014

JCA Writes to DOP&T on Terms of Reference of the 7th CPC

NATIONAL FEDERATION OF POSTAL EMPLOYEES
1st Floor, North Avenue Post Office Building, New Delhi – 110001
FEDERATION OF NATIONAL POSTAL ORGANISATIONS
T-24, Atul Grove Road, New Delhi - 110001
 


Ref: JCA/Postal/2014                                                       Dated – 06.03.2014
To
The Secretary
Department of Personnel & Training
Ministry of Personnel, Public Grievances & Pensions,
North Block, New Delhi – 110001
Dear Sir,
Sub: -  Terms of Reference of the 7th Central Pay Commission.
We have gone through the Terms of Reference of 7th Central Pay Commission approved and notified by the Government on 28.02.2014. We find that the Terms of Reference finalized by the Government is at variance in many respects to the Draft Terms of Reference the Staff Side had submitted to you on 25.10.2013 after holding in-house discussion on 24.10.2013.
At the conclusion of the meeting held on 24.10.2013, it was agreed that the Government would consider our suggestions in the matter and will convene another meeting with the presence of the Secretary (Expenditure) to iron out the differences, if any, and explore the possibilities of an agreement in the matter.
We regret to inform you that no such meeting was convened and no attempt was made by the Official Side to arrive at an agreed Terms of Reference. We find that the Government has rejected the suggestions of Staff side for either taking a decision in the matter of Interim Relief, Merger of DA, representation of labour nominee in the Commission itself, inclusion of the Grameen Dak Sewaks within the purview of the 7th CPC, bringing parity in pension between the past and present pensioners, covering the employees appointed on or after 01.01.2004 within the ambit of the Defined Benefit Pension Scheme, date of effect, settlement of the pending items in the National Anomaly Committee etc. or referring those issues to the Commission itself for an Interim Report.
Besides, we are to state that the existing Productivity Linked Bonus (PLB) Scheme, being a bilateral agreement, cannot be subjected to scrutiny and examination by the 7th CPC.
We, therefore request you to kindly convene a meeting of the Standing Committee of National Council (JCM) to discuss the issue, so as to make amendments to the Terms of Reference finalized by the Government arbitrarily.
Yours faithfully,
                                                                                                           
(D. Theagarajan)                                                                              (M. Krishnan)
Secretary General, FNPO &                                                              Secretary General, NFPE &
Member, National Council - JCM                                                     Member, National Council - JCM
Mobile: 09968349422                                                                      Mobile: 09447068125   

E-mail: theagarajannachi@hotmail.com                                         E-mail: mkrishnan6854@gmail.com
CONFEDERATION OF CENTRAL GOVT. EMPLOYEES & WORKERS
      1st Floor, North Avenue PO Building, New Delhi – 110001
      Website: www.confederationhq.blogspot.com
            Email: confederationhq@gmail.com
Circular No. 14                                                                                     Dated: 07-03-2014
To
               1)     All National Secretariat Members/Women’s Committee Members
               2)     Chief Executives of all Affiliated Organisations
               3)     General Secretaries of all state and District C-O-Cs.
National Convention of Central Govt. Employees
2014 April 4 (Friday) at Nagpur
Com: A.K. Padmanabhan, National President, CITU, Will Inaugu Rate.  Leaders of other TUs/Confederation will address.
Venue: Convention :  Jwahar Vidhyarthi Gruh, Civil Lines, Nagpur
Accommodation      :  MLA Hostel, Civil Lines, Nagpur
Delegate Fee             :  Rs.300/- per head (Rs. Three hundred only)
Accommodation from 03-04-2014 to 04-04-2014, 9 a.m. and food for one day on 04-04-2014 will be provided
(See Note Below)
Reception Committee Contact Numbers:
Com. Nilesh Nasare                                 :      09850354898
Com. P.K.Das                                         :      09423635211
Com. B.N.Chikate                                   :      07588630274
Com. Gurprit Singh                                 :      09422440266
Com. G. S. Pawade                                 :      09423111152
Com. Sanjay Sathe                                  :      09970244366
Com. Khadse                                          :      09421779684
Com. Tupkar                                           :      09422803948
NB:  Taking into consideration that majority of the other states delegates will be arriving Nagpur on 3rd April, accommodation is arranged from 3rd April 9 A.M. to 4th April 9 A.M.  Only limited accommodation is arranged for 4th after 9 A.M.  Delegates who want to stay more days than above, may contact the Reception Committee in advance and make arrangement on payment basis. This restriction is made to reduce the expenditure of Reception Committee.  There is no other source of income for the C-O-C Nagpur, except Delegate fee.  Delegates are requested to cooperate.
QUOTA OF NUMBER OF DELEGATES FOR EACH ORGANISATION AND C-O-C (already notified earlier)
1.   NFPE                         -      100         12.     Defence Accounts                      -          6
2.   ITEF                           -        35         13.     AICGHSEA                                  -          5
3.   NFAEEA                   -        10         14.     Customs Gr. D Officers Fedn.   -          6
4.   Audit & Accounts                           15.     Customs Mini                              -          6
       Association               -        15         16.     C.E. Mini Exe. Officers             -          4
5.   National Fedn.                                 17.     C.E. Inspectors                            -          6
       of Civil Accts           -        20         18.     Canteen Employees Fedn.          -          6
6.   Ground Water                                  19.     Census                                          -          2
       Board                         -        15         20.     N.S.S.O.                                       -          4
7.   I.S.R.O.                      -           6         21.     CPWD JE                                    -          2
8.   IBM                           -        10         22.     Pondichery State Govt. Empl.    -       10
9.   GSI                             -  5 each                   Fedn.(each affiliate five)
10. Survey of India                                23.     All other Affiliates                     -    3 (Delegates
    (All Unions)              -        20                                                                                Each)          
11. DMIEA                      -        10
C-O-Cs
1.   West Bengal                                    11.     Gujarat                                         -          3
       (including                                         12.     Rajasthan                                      -          3
       Kolkata based                                  13.     Chandigarh (Punjab,
       affiliates)                  -        15                   Hariyana) & JK                           -          3
2.   RCC, NE                   -           5         14.     Himachal Pradesh                       -          3
3.   Bihar                          -           5         15.     Andhra Pradesh                           -       10
4.   Odisha                       -           3         16.     Karnataka                                     -       10
5.   Chattisgarh                -           3         17.     Tamil Nadu & Pondicherry        -       10
6.   Jharkhand                  -           3         18.     Kerala                                           -       10
7.   Madhya Pradesh       -           5         19.     Delhi                                            -       10
8.   U.P.                            -        10                   (including Delhi based affiliates)
9.   Vidarbha                    -        70         20.     Dehradun (Uttarakhand)             -          2
10. Maharashtra                                     21.     Other C-O-Cs including
       (HQ Mumbai)           -        10                   Maharashtra State                        - 2 each
All affiliated organisations and C-O-Cs are requested to ensure participation of Delegates as per quota fixed. This is compulsory.
                                                                         Fraternally yours,
                                                                        (M. Krishnan)

                                                                          Secretary General

CIRCLE UNION LETTER TO PMG, CCR ON ARBITRARY RECOVERY OF MINUS BALANCE AT CHENNAI CITY SOUTH DN





CIRCLE UNION LETTER TO PMG, CCR ON ARBITRARY RECOVERY OF MINUS BALANCE AT CHENNAI CITY SOUTH DN



ANNA SALAI P.O. BLDG DECLARED AS HERITAGE BLDG

REVISION OF INTEREST RATES FOR SMALL SAVINGS SCHEMES FOR THE FINANCIAL YEAR 2014-15


            Various decisions taken by the Government of India on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned by the Government through its Office Memorandum dated 11th November, 2011.
            One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to be notified before 1st April of that year.  Accordingly with the approval of the Finance Minister, the rates of interest on various small savings schemes for the Financial Year 2014-15 effective from 01.04.2014, on the basis of the interest compounding/payment built-in in the schemes, shall be as under :
Scheme
Rate of interest
w.e.f.01.04.2013
Rate of Interest
w.e.f. 01.04.2014
1.
2.
3.
 Savings Deposit
4.0
4.0
 1 Year Time Deposit
8.2
8.4
 2 Year Time Deposit
8.2
8.4
 3 Year Time Deposit
8.3
8.4
 5 Year Time Deposit
8.4
8.5
 5 Year Recurring
Deposit
8.3
8.4
 5 Year SCSS
9.2
9.2
 5 Year MIS
8.4
8.4
 5 Year NSC
8.5
8.5
 10 Year NSC
8.8
8.8
PPF
8.7
8.7
       The necessary notifications will be notified separately in this regard in due course. 
******
DSM/KA 
(Release ID :104482)(PBI 04.03.14)