FAQ On Procurement Of High Value PLI Policies

Frequently Asked Questions on procuring High Value Policies in PLI issue by CPMG TN Circle

01.   What is High Value Policy in PLI?

If Sum assured is more than 20 Lakhs in PLI, It is called High value policy.

02.   Who is the accepting authority for High value policies?

For Single proposals more than 20 lakhs and up to 50 lakhs, the accepting authority would be the Chief Postmaster General.

New proposals of existing policy holders whose aggregate exceeds Rs 20 lakhs and up to 30 lakhs, the accepting authority would be DPS (HQ). 

New proposals exceeding Rs 20 lakhs  up to  50 lakhs and new proposals of existing  policy holders whose aggregate exceeds Rs  30 lakhs  and  up to  50 lakhs, the accepting authority would be the Chief Postmaster General.

Election Holidays 2016 – Grant of Paid Holiday for CG Employees

To view, please CLICK HERE. 

Entering into any financial transaction – Are you required to disclose PAN?

By Shalini Jain 

One of the biggest agenda of the current Government is to curb black money menace in India and one of the step forward in this regard is the change made in the requirement of mandatory quoting of Permanent Account Number ('PAN") in designated financial transactions. 

The need for some pro-active measures to check the black money was highlighted by our Finance Minister in October 2015, wherein he had said "the bulk of black money is still within India. We thus need a change in national attitude where plastic currency becomes the norm and cash an exception". 

New Pension System Touches 1 Crore Membership

National Pension System (NPS) had 11,459,555 subscribers with a total corpus of Rs. 90, 327 crore as on 23rd January, 2016. The total Assets under Management are worth Rs. 109,140 crore while Assets under Management per subscriber is Rs. 95,000 on an average.

The number of NPS Subscribers of the Central Government are 1611,020 with a total corpus of Rs. 34,754 crore while subscribers from the different State Governments are 2,859,094 with a total corpus of Rs. 45,486 crore. The number of NPS subscribers in the Corporate Sector are 448,509 while in Unorganized Sector is 128,484, the total being 576,993. The number of subscribers under NPS Lite include 4,463,637 and under Atal Pension Yojana (APY) 1,948,811, with a total number of subscribers 6,412,448 in these two categories.

AIAPC writes to the Nodal Officer DOP Pay Commission Cell in connection with Para 4 of the Minutes of the Meeting of the Joint Secretary (IC) with Nodal Officers held on 02.02.2016

INDIA POST JOINS WITH THE FESTIVAL OF KUMBAKONAM MAHAMAHAM

AIAPC TAMILNADU CIRCLE CONGRATS SHRI.KRISHNAMOORTHY AVL - SUPDT OF KUMBAKONAM POSTAL DIVISION FOR THIS PROJECT AND WISHES A GRAND SUCCESS OF THIS INDIA POST INITIATIVE. GOD BLESS YOU ALL.

Flash news Minutes of the Meeting of Joint Secretary (IC) with Nodal officers dated 02.02.16 regarding 7th CPC Implementation.

MERGE DA WITH BASIC THIS YEAR AND DEFER INCREMENTS: PAY PANEL MEMBER

Member of the Seventh Central Pay Commission Rathin Roy has suggested that to meet its fiscal deficit target the Government should merge the basic pay and dearness allowance (DA) of central government employees in the current year and defer implementing any real increases in pay and pensions. This, the member has said, could be done by compensating those who would have to bear the burden of the deferred effect by giving them a “more generous award distributed over several years”.

“I am saying that the increment need not all be given at one go... It can be staggered and made more generous… So this could be done for pay and for pension,” Dr. Roy told The Hindu in an exclusive interview. “Now I am not competent to say whether this is politically feasible or not,” he, however, added.

Last month, the Union Cabinet set up an empowered committee of secretaries under the Cabinet Secretary for processing the recommendations of the Commission.

Sukanya Samriddhi Account ( SSA ) deposits eligible for deduction u/s 80C of Income Tax Act, 1961

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF DIRECT TAXES

NOTIFICATION NO. 09/2015

INCOME-TAX

21 st January, 2015

In exercise of the powers conferred by clause (viii) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the “Sukanya Samriddhi Account” for the purposes of the said clause.

This notification shall come into force with effect from the date of its publication in the Official Gazette. [ F. NO. 178/3/2015-ITA-1 ]

For More Information Click Here

PROMOTION PROCESS TO GRADE II TO GRADE III AT TAMILNADU CIRCLE

Dear Postmaster cadre Association members

                    On continuation of the letters addressed to the CPMG Tamilnadu circle on 16.12.2015, promotion process was started for the Grade II to Grade III. Required Circle office letter is submitted below for your favor of information.

AIAPC ZINDABAD

AIAPC RECOGNITION JODHPUR COURT CASE UPDATE 28.01.16

Our case was listed for hearing on 28/01/16 at Sl No 272. Naturally could not be heard like previous occasion. Expected that it will again listed for hearing shortly. We have received authentic documents from the directorate through RTI in favour of our case.

Meeting of Nodal officers of Various departments to implement 7th CPC

Addressee specific delivery of Speed Post articles of Punjab National Bank, New Delhi-110001

Immovable Property Return the year 2015 (as on 31.12.2015) – Dopt Instructions

No. 26/2/2015-CS.I (PR)

Government of India

Ministry of Personnel, Public Grievances and Pensions,

Department of Personnel & Training

2nd Floor, Lok Navak Bhawan,

Khan Market, New Delhi,

Dated 27th January. 2016

OFFICE MEMORANDUM

Subject: Immovable Property Return the year 2015 (as on 31.12.2015)

The undersigned is directed to refer to this Departrnent’s Office Memorandums of even number dated 21.12.2015 and 18.01.2016 on the subject cited above (available at persmin.nic.in -> DOPT -> Central Secretairat -> CSS -> Property Return).

Notifying of Recruitment Rules within ten weeks time period after the same are approved by the UPSC – Dopt Orders

No. AB.14017/61/2008-Estt. (RR)

Government of India

Ministry of Personnel, Public Grievances and Pensions

Department of Personnel and Training

New Delhi

Dated: the 27th January, 2016

OFFICE MEMORANDUM

Subject:- Notifying of Recruitment Rules within ten weeks time period after the same are approved by the Union Public Service Commission – regarding.

Attention is invited to Para No. 5.2 of this Department’s O.M. No.AB.14017/48/2010-Estt.(RR) dated 31 stDecember, 2010 on framing/amendment/relaxation of Recruitment Rules wherein it has been stipulated that the Recruitment Rules or amendment(s) thereto as finally approved by the Union Public Service Commission are required to be notified within a period of 10 weeks from the date of receipt of their advice letter. This time limit should be strictly adhered to.

Empowered Committee On 7th CPC May Recommend Increase In Salary Of Junior And Mid Level Employees

New Delhi: Central government employees’ pay bill are unlikely to get increased salary from April under the Seventh Pay Commission recommendations, as the central government might delay the hike by six months to evaluate the actual needs of employees, said finance ministry officials.

The economists advised the government to measure the possible impact of the salary increase on next year’s budget before implementing it, they said.

The Empowered Committee of Secretaries led by Cabinet Secretary Sri P K Sinha may recommend raising salary of junior and middle level employees as employees associations are pressing hard for it.

Usage of Aadhar: Guidance on the interim orders of the Hon’ble Supreme Court dated 11.08.2015 and 15.10.2015 -

File No. 10(36)/2015-EG-II(Part-IV)

Government of India

Department of Electronics & Information Technology

(E-Governance Division)

Electronics Niketan

6, CGO Complex

New Delhi-110003

Dated: 01 Dec 2015

OFFICE MEMORANDUM

Sub: Guidance on the interim orders of the Hon’ble Supreme Court dated 11.08.2015 and 15.10.2015 in WP. 494 of 2012 and other related matters.

I am directed to refer to the orders of the Hon’ble Supreme Court dated 11/08/2015 and 15/1or2015 in WP. 494 of 2012. UIDAI had sought the advice and opinion of the Attorney General (AG) on the usage of Aadhaar by CentrallState Governments. The advice} clarification received from Attorney General is as under:-

REVOLUTIONARY REPUBLIC DAY WISHES 26.01.2016 - LETS REMEMBER THE SACRIFICE OF THE INDIAN ARMY

India Post to block usage of Public email IDs like Gmail, Yahoo etc in Post offices from 15.02.2016

PL CLICK HERE TO VIEW

7th Pay Commission – Hike the Basic Minimum pay by 44% – Review the Salaries after every 5 years – Unions

The brewing discontent amongst the central government employees is threatening to create a storm and disrupt the implementation process. The unions are asking around 44% hike on the basic minimum pay and review the salaries every 5 years.

7th Pay Commission – Hike the Basic Minimum pay by 44% – The unions had staged a 3-day agitation earlier in January, and even threatened to strike work for longer period.

DIRECTORATE ORDERS TO CIRCLES TO STRICTLY ADHERE TRADITIONAL WORKING HOURS

EMPOWERED COMMITTEE ON 7TH CPC WILL SOON START ITS ANALYZING REPORT

New Delhi: Government’s high-level Empowered Committee of Secretaries headed by Cabinet Secretary P K Sinha, set up to address issues related to the Seventh Pay Commission report, will soon analyse the pay panel report that is expected to suggest ways to further improve ease of implementation of the Seventh Pay Commission recommendations.

As part of efforts to address concerns expressed about pay and allowances aspects of central government employees in respect of the Seventh Pay Commission report, the government had set up the high-level Empowered Committee of Secretaries in this month.

Government set up a high-powered panel headed by Cabinet Secretary P K Sinha to process the recommendations of the Seventh Pay Commission.

Finance Ministry sources said the Empowered Committee of Secretaries on the pay commission would provide government its report within six months and it would come into effect accordingly.

CENTRAL STAFF DEMAND MINIMUM PAY AS RS 26000/-

New Delhi: Implementing the recommendations of the 7th Central Pay Commission( 7th CPC) is not going to be acakewalk for the government.

The brewing discontent amongst the central government employees is threatening to create a storm and disrupt the implementation process. The unions are asking around 44 percent hike on the basic minimum pay suggested by the 7th Central Pay Commission.

Procedure to inquire paid transactions for MIS/SCSS/TD accounts in DOP Finacle

• For all the accounts of SBA scheme i..e, SB/PPF/SSA accounts we will inquire the ledger details and ledger balance using the menu HACLI(Account Ledger Inquiry).
• But for TDA accounts i..e., MIS,SCSS and TD accounts we can't trace the total installments paid to the customer using the menu HACLI as these accounts interests will be credited in respective Sundry accounts ( Unposted Office Account).
• For MIS,SCSS and TD accounts interests of the customers will be credited in respective sundry accounts i..e,

For MIS accounts Sundry account is SOLID+0337.
For SCSS accounts Sundry account is SOLID+0338.
For TD accounts Sundry account is SOLID+0335.

Generally in DOP Finacle we will reverse the amount i..e, customer interest from the Sundry account by giving the reference number (customer account number) which is called pointing account hence Sundry accounts comes under OAP(Office Account Pointing).

Closing and Despatching of UnRegd First Class mail in Meghdoot software is also mandatory

Usage of bag label for Unregistered First Class bags by mail offices and Post Offices

DEPARTMENT OF POSTS, INDIA

Office of the Senior Superintendent of Post Offices

Bhubaneswar Division, Bhubaneswar -751009

To

              1. The Sr. Postmaster, Bhubaneswar GPO, Bhubaneswar-751001.

              2. All Postmasters/Sub Postmasters under Bhubaneswar Division. 

No:- G-168                                                             Dated at Bhubaneswar-9 the 21.01.2016. 

Sub: Usage of bag label for Unregistered First Class bags by mail offices and Post Offices.  

               This is regarding usage of bag label for Unregistered First Class Mail bags by mail offices and Post Offices.   

              In this connection instruction has been received vide Directorate letter no.30-24/2012-d dated 27/10/2014 conveyed vide C.O letter no.ML/2-109/2012 dated 01.12.2014 that all mail offices and Post Offices will start using the new bag label referred to above while closing a bag containing unregistered mail . But the same has not been happened till date. 

Pensioners accounts not to have more than 14 transactions in a Year

Reserve Bank Of India

RBI/2015-16/294

DGBA.GAD.No.2278/31.12.010/2015-16

January 21,2016

The Chairman & Managing Director/
The Chief Executive Officer
All Agency Banks

Dear Sir/Madam

Payment of Agency Commission on pension accounts

As you may be aware, agency banks are being compensated at Rs.65 per transaction for handling pension computation, payment and related services on behalf of Central and State Governments. As per the norms followed by the Government, a pensioner’s account should not have more than 14 credit transactions in a calendar year attributable to pension and related arrear payments, if any.

GOVT TO FACTOR IN PAYOUT OF 7TH PAY COMMISSION IN DEFICIT TARGETS

Expected to incur an additional expenditure of Rs 1.02 lakh crore to pay higher salaries and pensions recommended by the commission, Rs 28,000 crore alone will go for salary hikes of railway employees. In total, the implementation will impact the fiscal deficit by 0.65% of the GDP.

Experts feel that deficit figures shared in the medium-term fiscal policy statement had stated that the fiscal deficit target for FY17 and FY18 is 3.5% and 3.0%, respectively will have a significant impact from the pay commission pay out, leaving the government with higher deficit numbers.

Government Set To Increase Provident Fund Interest Rates

DELHI: The Employees Provident Fund Organisation’s (EPFO) finance panel has recommended raising the interest rate on statutory savings of over 5 crore subscribers from 8.75% to 8.95% during the current fiscal.

The proposal has to be endorsed by the central board of trustees before the finance ministry notifies it. If it goes through, it will be the highest return since the 9.5% paid in 2010-11 and the highest ever real interest rate (after netting out inflation) in recent years. An 8.95% rate will translate into returns of nearly 12% for those in the highest slab as the withdrawals and interest earnings do not attract tax at the time of withdrawal.

Immovable Property Return for the year 2015 (as on 31.12.2015) - submission through cscms.nic.in

HATS OFF TO THE EFFORTS OF CPC ODHISA - CBS FINACLE WORK FLOW

Postmaster Cadre Association (AIAPC) conveys its sincere thanks to the worthy contribution of CPC-Odisha Circle. Please Keep up the good work and en-light the staffs of India Post.

PLEASE CLICK HERE TO DOWNLOAD THE VERY USEFUL FINACLE WORK FLOW FILE

Implementation Of A New SDBS For Gramin Dak Sevaks Regarding

Constitution of an Empowered Committee of Secretaries to process the recommendations of the 7th Central Pay Commission

Central Government approved to set up Empowered Committee to process the recommendations of 7th Pay Commission in an overall perspective

Press Information Bureau 

Government of India

Cabinet

13-January-2016 16:37 IST

Constitution of an Empowered Committee of Secretaries to process the recommendations of the 7th Central Pay Commission

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for setting up an Empowered Committee of Secretaries under the Chairmanship of Cabinet Secretary, in order to process the recommendations of 7th Central Pay Commission (CPC) in an overall perspective.

Pay Matrix Recommended by 7th CPC is not final and subject to change – Federation Sources

The Constituent Unions of NCJCM has called for three days’ agitation Programme from 19-1-2016 to 21-1-2016 to draw the attention of central government to settle the Modified charter of demands.

Recently they demanded the government to constitute an empowered Committee to settle their demands through negotiation. However, the Cabinet gave its approval for constitution of an Empowered Committee to study the 7th Pay Commission report for implementation Process.

IN SECRETARIAT LDC/UDC CLERKS ARE GOING TO BE PLACED WITH HIGHER PAY?????

According to a report in Press Trust of India (PTI), Tech-savvy and multi-tasking Executive Assistants will replace staffs working as Lower and Upper Division Clerks (LDCs and UDCs) in government jobs. 

The sixth Central Pay Commission had recommended that multi-skilled executive assistants with educational qualifications of a degree from a recognised university and a one year diploma in computer education should be recruited.

The multi-skilled executive assistants will execute the work of both, the present day assistants and stenographers and in their case CSS and CSSS cadres would be incorporated. Interestingly, the Commission did not make any suggestion on introduction of the scheme in its report submitted to the government recently.

PIB likely to approve India Post's payments bank proposal

By PTI, 19 Jan, 2016

NEW DELHI: The Public Investment Board (PIB) today discussed the Rs 800-crore proposal from the India Post for setting up a payments bank and the final approval on the same is expected in the next meeting.

"The proposal was discussed in the meeting today but no decision has been taken yet. Another meeting is likely in a week," a official in the postal department told PTI.

Fire at Madurai Postal Divisional office housed at Tallakulam Head Post Office second floor

Flames engulfing the second floor of Tallakulam Head Post Office on Tuesday.— Photo: G. Moorthy 

A major fire broke out on the second floor of Tallakulam Head Post Office here on Tuesday night. Fire and Rescue Services personnel, with the help of five fire tenders from Madurai and Tallakulam stations, fought the flames for more than an hour.

AIAPC- TAMILNADU CONVEYS BEST WISHES TO SHRI.KANAGARAJAN SSPOs

Shri. Kanagarajan Avl SSPOs, Pondichery division has been elected as All India President of All India Postal Officers Association held at Varanasi on 17.01.2016. All India Association of Postmaster Cadre conveying its sincere support and wishes to achieve more in his future endeavors. 

Comradely, 

R.Rajendran

Circle Secretary

AIAPC

Kuttalam S.O 609801

Points to be taken into consideration while finalizing the 7th Pay Commission Report

SURVEY OF INDIA

MINISTERIAL STAFF ASSOCIATION (CHQs’) Dehradun

The demand of the Staff Side to fix the minimum pay to that of Rs. 26,000/- has been completely rejected by the 7th CPC and has arbitrarily fixed the minimum pay as Rs. 18000/, The 7th CPC has mutilated the formula for fixing the minimum wage. The minimum wage recommended amounts to a meager increase of Rs.2250 from the existing minimum pay of Rs.7000 + 8750 (125 % DA as on 1.1.2016). From this minimum pay of Rs, 18000/-, as per the recommendation of the 7th CPC itself Rs.1500/- will be recovered for CGEIGS and 10 % i. e Rs.1800/- will be recovered towards New Pension Scheme from the employees recruited after 1.1.2004 and 6% towards GPF contribution from the employees recruited prior to 1.1.2004 resulting in minus or a very meager benefit for the low paid employees.