Train fares to be hiked from January 21: Railway minister

RAIL FARE HIKE CHART

Second Class Ordinary Suburban - 2 paise per km

Second Class Ordinary Non Suburban - 3 paise per km

Second Class Mail Express Trains - 4 paise per km

AC chair car - 10 paise per km

AC first class - 10 paise done earlier + 3 paise per km

AC two tier - 15 paise done earlier + 6 paise per km

AC first class executive class - 30 paise done earlier + 10 paise per km

Result Keys of Inspector Posts Examination 2012.

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S B Order 17 / 2012

Applicability of Section 80 C of Income Tax Act on amount invested in 10 Year NSC ( IX Issue ) - a clarification regarding

Finmin Orders 2013 : Fixation of pay on promotion to a post carrying higher duties and responsibilities but carrying the same grade pay

No.10/02/2011.E.III/A

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, the 7th January, 2013

OFFICE MEMORANDUM

Subject:- Fixation of pay on promotion to a post carrying higher duties and responsibilities but carrying the same grade pay.

The undersigned is directed to invite an attention to the provisions contained in Rule 13 of the CCS(RP) Rules, 2008, which provides for the method of fixation of pay on promotion on or after 1.1.2006 in case. inter-alia, of promotion from one grade pay to another. The Rule provides for fixation of pay by way of addition of one increment equal to 3% of the sum of the pay in the pay band and the existing grade pay (rounded off to the next multiple of 10)to the existing pay in the pay band and then fixing the pay in the promotional post as per the procedure prescribed therein.

SB Order No. 01/2013

Amendment in Rule 4A of Post Office Savings Account Rules 1981 thereby allowing deposits other than wages under MGNREGA into Workers Wage Accounts

Promotion in the same Grade Pay : One increment order issued

"Subject:- Fixation of pay on promotion to a post carrying higher duties and responsibilities but carrying the same grade pay.

The undersigned is directed to invite an attention to the provisions contained in Rule 13 of the CCS(RP) Rules, 2008, which provides for the method of fixation of pay on promotion on or after 1.1.2006 in case. inter-alia, of promotion from one grade pay to another. The Rule provides for fixation of pay by way of addition of one increment equal to 3% of the sum of the pay in the pay band and the existing grade pay (rounded off to the next multiple of 10)to the existing pay in the pay band and then fixing the pay in the promotional post as per the procedure prescribed therein...."

Download the Order Dated 7.1.13

Courtesy : http://paycommissionupdate.blogspot.in/

Configuration of Passbook Printer

Result of IPO Examination 2012

Result of the Departmental Examination for selection to the posts of Inspector of posts examination for selection to the post of Inspector of Posts Examination for the year 2012 held from 13th and 14 th October 2012.

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Sendspace Link

Source : www.indiapost.gov.in

Advances to Government servants - Rate of interest for purchase of conveyances during 2012-2013

Click here to view the bilingual O M No. 5(2)-B(PD)/2012 dated 7th January,2013 issued by Ministry of Finance, Department of Economic Affairs

Postal Department to set up Post Bank of India

The Indian Department of Posts may complete the planning phase for the creation of the Post Bank of India very soon. Post Bank of India is being set up to provide all banking facilities to the rural population, who have to rely upon informal sources for credit and other financial requirements.

It is reported that a detailed project report (DPR) will be submitted in a few weeks from now explaining the organization structure of the proposed institution. The DPR is likely to describe the relationship amongst the founding bodies, the Department of Posts and Post Office Savings Bank with the Post Bank of India.

For implementing the DPR, an external body of foreing consultants has been selected. The implementation of the project may be carried out by anyone of the firms - McKinsey & Co, Boston Consulting Group, Accenture Services, KPMG Advisory Services and Ernst & Young. The DPR will be finalized by December 31, 2012.

Post Bank of India is being established as a profit making institution particularly to help Department of Posts in lessening its losses.

Source :  http://www.rupeetimes.com