Wednesday, June 22, 2016

Government keeps interest rates on small savings scheme unchanged

NEW DELHI: Government has kept interest rates unchanged for various small savings schemes for the July-October quarter of 2016-17 fiscal. 

The Finance Ministry in a statement today said that interest rate on one-year deposits for July-October quarter of this fiscal has been kept unchanged at 7.1 per cent. 

Similiarly, interest rate on two-year time deposit, three-year time deposit and five-year time deposit were kept at 7.2 per cent, 7.4 per cent and 7.9 per cent, respectively. 

7th Pay Commission implementation: Govt says amount allocated to manage impact

Speculations are rife as Centre to take decision on 7th Pay Commision report implementation as around 47 lakh Central Government employees working in various sectors await their salary hike, which will have implications for government finances and inflation. 

At a time when there are no conclusive increase in the private sector spending yet and the government also losing the benefits of low oil prices, it is facing a tough challenge in keeping up with the spending in public sector. 

S B Order No. 4 / 2016 : Stoppage of sale of pre-printed NSC and KVP

 Stoppage of sale of pre-printed NSC and KVP from 01.07.2016 and issue of certificates in the shape of Pass Books regarding

Tuesday, June 21, 2016

NOTIFICATION RELEASED FOR LDCE FROM LGO TO P.A./S.A.s FOR THE VACANCIES OF THE YEAR 2015-2016 IN TN CIRCLE


Centre allows premature closure of PPF account

In a significant move, the Finance Ministry has allowed subscribers of the Public Provident Fund (PPF) to prematurely close their accounts after a minimum of five years for reasons such as higher education or expenditure towards medical treatment.

The Finance Ministry has also retained the interest rates on all small saving products for the second quarter of the fiscal.

On PPF, the Ministry, in a notification, said, the subscribers can close the account if “the amount is required for serious ailments or life threatening diseases of the accountholder, spouse, dependent children or parents…or the amount is needed for higher education of the account holder or the minor account holder.” It further added that supporting documents and bills will have to be produced.

Saturday, June 18, 2016

7th Pay Commission Latest: Hiked Salary from 1st August, Arrear in October, Fitment may enhanced from 2.57 to 2.9 - Media Reports

7th Pay Commission Latest: Hiked Salary from 1st August, Arrear in October, Fitment may enhanced from 2.57 to 2.9 - Media Reports

7th Pay Commission arrears to be paid ahead of festival season - The Sen Times

7th Pay Commission: Government employees will get hiked salaries from 1st August - Jagran News

7th Pay Commission: Double bonus for Government employees – salary hike from August, six month arrears in October - India.com

Salary hike: Employees could get more than recommendation by Pay Commission - Jagran News

Friday, June 17, 2016

AIAPS (GL) SUBMITS LETTER TO DIRECTORATE FOR POSTMASTER CADRE RESTRUCTURE

To,
        The Honorable Director General,
        Department of Posts,
        Dak Bhawan, Sansad Marg,
        New Delhi – 110001

No : AIAPS /2016-2017 dated at _________ the 16.06.2016

Respected sir,

        Subject : Request to carve out 1/3 of HSG-II/HSG-I/HSG-I(NFG) posts for Postmaster Grade I/II/III respectively under cadre restructure– reg

Ref 1   : Group – C cadre restructure D.G. Post letter No. 25-04/2012-PE-I dated 27th May, 2016.
        Ref 2 : Para ‘F’ of Cadre restructure bilateral agreement with department and staff side dated 28.04.2014

        A kind reference is invited to the above references and vide reference 1, Group-C cadre Postal wing cadre restructure order is released and LSG/HSG-II/HSG-I/HSG-I(NFG) posts are enhanced for general line.

AIAPS(GL) SUBMITS SUGGESTIONS TO DIRECTORATE FOR THE PROPOSAL OF AMENDMENT IN PSS GROUP B EXAMS

Within 30 days, Directorate had requested the stake holders to give comment/suggestions if any regarding the proposed PSS Group B exam recruitement rules amendment. This AIAPS association is submitting our suggestions to the directorate to equally nourish IP/ASP line and Selection Grade and Postmaster cadre Sueprvisory  line. 

AIAPS(GL) General secretary shall submit the same shortly to the directorate.

All AIAPS(GL) circle secretaries are also requested to post the same to the directorate to press this issue further.

Submitted letter to the directorate is as follows.

To,
        The Honorable Director General,
        Department of Posts,
        Dak Bhawan, Sansad Marg,
        New Delhi – 110001

No : AIAPS /2016-2017 dated at ________ the 16.06.2016

Respected sir,

        Subject : Revision/Amendment in Recruitment Rules for the post of Postal Service Group ‘B’ and Sr. Postmaster cadre- reg
Ref : No.9-14/2010-SPG dated at Dak Bhawan, Sansad Marg the 30th May 2016

         A kind reference is invited for the above reference, and vide above reference it is directed to submit the comments from the stake holders if any for the above said subject recruitment rules within 30 days.

        I would like to bring the following few analytical information for your benign consideration and early favorable orders please.