06 Dec 1956: Mahaparinirvan Din


On the morning at around 6.30 a.m, Dr. Ambedkar’s wife Savita Ambedkar got up as usual, when she had a look at the bed she saw Dr. Ambedkar’s leg resting on the cushion as usual. She soon realized that he had departed. She sent her car for Nanak Chand Rattu (assistant of Dr. Ambedkar) and he came. On his arrival Mrs. Ambedkar collapsed in the sofa crying that Babasaheb had departed the world. Rattu could not bear the thought, and with a trembling voice he exclaimed, “What! Babasaheb has departed this world. Rattu attempted to stimulate heart action in the mortal remains by massaging his limbs, moving his arms and leg, pressing upward the diaphragm and putting in his mouth a spoonful of brandy; but they failed to stimulate respiration. He had passed away in sleep.

dr_ambedkars_last_journey
Mrs. Ambedkar now louldly mourned her husband, and Rattu wept bitterly over the dead body of his master, crying “Oh! Babasaheb, I have come, give me work.”
(Four year earlier Dr Ambedkar had written to his chief lieutenant Bahurao Gaikwad that he would not live long, and so Bahurao Gaikwad should prepare his mind for the event. )
Rattu then broke the shocking news to circles closest to Babasaheb and then Ministers of the Central Government. The news spread like wild fire. Many of his admirers and lieutenants and followers ran to 20 Alipore Road, and soon a throng of mourners collected outside his residence to have a last glimpse of the great man.
The Bombay associates of the leader were intimated through Siddarth College, and they were also informed that the body was being flown to Bombay that night.

Sad Demise

This Association conveys heartfelt condolence on his demise and pray to almighty to give courage to the family members to bear the shock.

Central Government Employees retiring from January 2017 to submit online application

DP&PW OM on Processing of Pension cases mandatorily through Bhavishya, Retiring employees to submit the online application w.e.f 01/01/2017

Department of Pension & Pensioners’ Welfare has issued an OM regarding online system for processing Pension cases and filing of pension data online by retiring central government employees



No. 55/14/2014/P&PW(C)Part-1

Government of India
Ministry of Personnel, Public Grievances and Pension
Department of Pension & Pensioners’ Welfare
3rd Floor, Lok Nayak Bhawan,
Khan Market, New Delhi
Dated: 29th November, 2016
OFFICE MEMORANDUM

Sub: Processing of Pension cases mandatorily through Bhavishya (Online Pension Sanction & Payment Tracking System) w.e.f 01/01/2017 – reg.

Department of Pension and Pensioners’ Welfare is responsible for formulation of policy and coordination of matters relating to pension policy and welfare of Central Government pensioners. It has been seen that despite detailed guidelines and instructions to the contrary a large proportion of retiring employees do not get their retirement benefits and the Pension Payment Order(PPO) in time. It is likely that such retired employees find it difficult to get the process completed after retirement. The sanction process starts more than a year before the date of retirement and requires cooperation amongst various agencies. This department has, therefore, launched Bhavishya – an online pension sanction and payment tracking system. The system by keeping track of the progress of each case introduces transparency and accountability. Both the retiring employees as well as administrative authorities can monitor progress at each stage.

2. The system has been running successfully in the main Secretariat of all ministries/departments for the last one year. It has since been extended to cover over 3000 Drawing and Disbursing Officers and Pay and Accounts Offices from various ministries/departments and their attached offices.

3. It has now been decided that all Heads of Offices will henceforth mandatorily process all pension cases only through Bhavishya. In this, where necessary, they will assist the retiring employee to submit the online application form. The Pay and Accounts Offices will process cases generated through Bhavishya through the pension module in COMPACT till the Public Financial Management System(PFMS) is made operational and integrated with Bhavishya.

4. It is to be noted that all authorities will strictly follow the timelines prescribed under the CCS(Pension) Rules and in no case will the pension case be delayed on account of electronic processing through Bhavishya.

5. These instructions take effect from 1st January, 2017.

6. This issues with the approval of competent authority.

(Seema Gupta)
Director
Confederation News : Strike is inevitable



Employment News : 03 December 2016 to 09 December 2016

Employment News : 03 December 2016 to 09 December 2016



JOB HIGHLIGHTS
ANAND AGRICULTURAL UNIVERSITY GUJARAT
Name Of Post : Professor, Associate Professor, Principal, Assistant Professor
No.of Vacancies : 66
Last Date :17.12.2016
HIGH COURT ALLAHABAD
Name Of Post : Review officer
No.of Vacancies : 343
Last Date :15.12.2016
DIRECTOR GENERAL BORDER SECURITY FORCE NEW DELHI
Name Of Post : Assistant Sub-Inspector (Stenographer), Head Constable (Ministerial)
No.of Vacancies : 157
Last Date :30 days after publication
HINDUSTAN INSECTICIDES LIMITED MAHARASHTRA
Name Of Post : Hindi Officer, Assistant Manager, Analyst, etc
No.of Vacancies : 12
Last Date :21 days after publication
NOIDA METRO RAIL CORPORATION
Name Of Post : Station Controller, Customer Relations, Junior Engineer, Account Assistant, Office Assistant, Stenographer, Maintainer
No.of Vacancies : 745
Last Date :15.12.2016
POWER FINANCE CORPORATION LIMITED NEW DELHI
Name Of Post : Deputy Manager, Assistant Manager, Officer, Junior Officer, Translator
No.of Vacancies : 11
Last Date :12.12.2016
Source : www. employmentnews.gov.in/

Central govt employees expect January 2017 Dearness Allowance up to 3%

Central govt employees expect January 2017 Dearness Allowance up to 3%

New Delhi: Central government employees were not satisfied with the 2 percent Dearness Allowance(DA) announced by the government for July to December 2016 period. A discussion among the employees has begun what could be the expected DA in January 2017.

Illustration 1:

In case AICPIN value more than 277 for November and December 2016, then Dearness Allowance from January 2017 will be 3%

Illustration 2:

In case AICPIN less than 277 for November and December, then Dearness Allowance from January 2017 will be 2% due to demonetisation, AICPIN Value may be volatile for coming months, said the post.

Source :http://zeenews.india.com 

Transfer under Rule 38 of P&T Man Volume IV Registration of Name

Transfer under Rule 38 of P&T Man Volume IV Registration of Name
This is a ruling issued by the Department of Posts New Delhi on 24th May 1988,


Revision of NPS employees to Old Pension Scheme in respect of date of vacancy

Revision of NPS employees to Old Pension Scheme in respect of date of vacancy: Rajyasabha Q&A

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA

UNSTARRED QUESTION NO-1506
ANSWERED ON-29.11.2016

Revision of NPS employees to Old Pension Scheme

1506 . Shri Neeraj Shekhar
(a) whether Central Administrative Tribunal, Ernakulam bench has ordered the Central Government to revert the employees who had joined after 1st January, 2004 under NPS to Old Pension Scheme and has observed that date of vacancy should be the basis for inclusion under NPS or Old Pension Scheme instead of date of joining, if so, details thereof;

(b) whether Government has reverted them to Old Pension Scheme, if so, details thereof, if not, reasons therefor; and

(c) whether Government would issue notification for all Central/State Governments and Autonomous Organizations employees in this regard, as per the above orders, if not reasons therefor?



ANSWER
The Minister of State in the Ministry of Finance

(a) The Hon’ble Central Administrative Tribunal (CAT) in its judgment has declared that the applicants of Original Application No. 20/2015 are deemed to have been appointed from the date of vacancy arose and they shall be included in the CCS (Pension) Rules, 1972.

(b) No Sir. It has been decided to file a petition before the Hon’ble High Court of Kerala against the orders of Hon’ble CAT in Original Application No. 20/2015.

(c) No Sir, as it has been decided to file a petition before the Hon’ble High Court of Kerala against the orders of Hon’ble CAT in Original Application No. 20/2015.

Source: http://rajyasabha.nic.in/

Procedure to find common no of live accounts & No of accounts opened in a particular Period

Procedure to find common no of live accounts & No of accounts opened in a particular Period


Userid and password - login with supervisor only
command - HFINRPT
Report Option - common no of live accounts
from date -01-11-2016
To date- 30.11.2016
solid - give your solid 

  • Then generate Report and in HPR menu find the no of live accounts for each scheme.

To know the No. of Accounts opened in a particular period

Step by Step Procedure in Detail 

1. Invoke HACS menu
2. Enter SOL ID
3. Enter General Ledger Subhead Code (Click on the Searcher to know the code for a particular scheme)
4. Enter Scheme Code
5. Enter Open Date (Low) - From date
6. Open Date (High) - To date
7. Select Include Closed A/cs as NO (By default, it is selected as NO only)
8. Click on SUBMIT (F10)
9. System will display the number of accounts opened in that particular period along with the list.

SOME GENERAL LEDGER SUB HEAD CODES

SB:30001
RD:30010
MIS:30016
1TD:30011
2TD:30012
3TD:30013
5TD:30014
SSA:30042

SOME SCHEME CODES

SBGEN
RDIPN
MISN1
TDIP1
TDIP2
TDIP3
TDIP5
SSA

Sad Demise

Father of Smt Padmaja Kamat, ASP, Air Mail Stg Dn. expired  on 05.12.2016. It is  a  shock to family of Smt Padmaja Kamat.


This Association conveys heartfelt condolence on his demise and pray to almighty to give courage to the family members to bear the shock.

Public notice advertisement for opening of Post Offices on 13.11.2016 for exchange of withdrawn old series bank notes and other financial transactions.

Opening of all Post Offices on 13.11.2016 (Sunday) for the exchange of Withdrawn Old Series (WOS) bank notes




last date for using OHD notes extended till 14.11.2016 – Finmin Orders



Press Information Bureau 

Government of India
Ministry of Finance
11-November-2016 19:14 IST

Government extends existing exemptions with regard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations until the expiry of 14th November, 2016, with certain modifications / additions to the existing exemptions; Governments reassures that there is enough cash with RBI and Supply of cash to Bank branches and ATMs are being stepped up gradually.

While cancelling the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations w.e.f. the expiry of the 8th November, 2016, exemptions were allowed for certain transactions for the first 72 hours with a view to minimizing inconvenience to the public. Subsequently, based on feedback received from various quarters, certain more transactions were included for exemption.

The Government has been closely monitoring the implementation of the decision. Considering various representations received from different quarters in the matter, it has now been decided that the existing exemptions may be extended until the expiry of 14th November, 2016, with the following modifications / additions to the existing exemptions:

(i) Payment for court fees will be included in the exemptions.
(ii) The ID proof of customers will be required for transactions in consumer cooperative stores.
(iii) Payments towards utility bills will be restricted to only individuals / households for arrears and / or current bills. No advance payments will be allowed.
(iv) Payments in toll-plazas of the State and National Highways will be deleted from exemptions, considering that the Ministry of Road Transport and Highways is separately issuing instructions in this regard.

There is enough cash with RBI. Supply of cash to Bank branches and ATMs are being stepped up gradually.

OHD notes, Finmin Orders

Govt. agencies are closely monitoring receipt of fake currency notes in Banks and Post Offices

Postal Life Insurance (PLI) Vs LIC - Which is best?


Do you know your Post Office also offers Life Insurance? Even if you know then there is a huge confusion among buyers like whether to buy with the Post Office or with LIC, because the Government of India backs both. Hence, let us see which is best for whom.

What is PLI (Postal Life Insurance)?
PLI (Postal Life Insurance) is exactly like any Life Insurance company, for example LIC or ICICI Pru Life Insurance. The only difference is, it is run and managed by Post Office. PLI currently offers only traditional plans. Therefore, no term insurance or ULIPs.

How many types of policies PLI (Postal Life Insurance) offers?
Currently PLI offers below mentioned traditional endowment products.

1) Whole Life Assurance Policy (Suraksha).
This is exactly like LIC’s Whole Life Policy. The nominee will receive the accrued bonus and sum assured after the death of the policyholder. Minimum age at entry is 19 Yrs and maximum is 55 Yrs. Minimum Sum assured is Rs.20, 000 and maximum Sum Assured is Rs.10, 00,000.

2) Endowment Assurance (Santosh).
This is a typical endowment plan where a policyholder gets sum assured along with bonus if he survive until the maturity period. In case of his death during the policy period, then his nominee will receive the sum assured along with accrued bonus. Eligibility criteria are same as that of Whole Life Assurance Policy (Suraksha).

3) Convertible Whole Life Assurance (Suvidha).
This plan is exactly like Endowment Assurance. The only difference is, if you don’t convert this policy to Endowment Assurance then it is treated as Whole Life Assurance plan.

4) Anticipated Endowment Assurance (Santosh).
This is typical money back endowment plan, where the maximum sum assured is restricted to Rs.5, 00,000. In this category, PLI offers two types of plans. One is 15 yrs and other is a 20 yr term.

5) Joint Life Assurance (Yugal Suraksha).
You can buy this policy with your spouse as co-insured. To avail this facility one the spouse must be eligible to buy PLI. Life Insurance coverage is for both husband and wife to the sum assured you bought. The maximum sum assured is Rs.1, 00,000.

6) Scheme for physically handicapped persons.
This plan is uniquely designed for handicapped persons. Based on the condition of handicap, premium raised or increased. Rest of plan features are exactly like the others.

7) Children Policy
PLI started to offer child policy from 2006. Few features are listed below.
  • It mainly covers the life insurance of children.
  • Maximum two children can be insured in a family.
  • Children between 5 Yrs to 20 Yrs are eligible for this plan.
  • Maximum Sum Assured is Rs.1,00,000.
  •  Premium waiver benefit in case of main policy holder dies.
  • In case of death of children, then sum assured along with bonus be payable to main policy holder.
  • Responsibility of premium payment rest with main policy holder.

So what is the difference between PLI and LIC?
  • Eligibility-To buy PLI you must be employee of the Central and State Governments, Central and State Public Sector Undertakings, Universities, Government aided Educational institutions, Nationalized Banks, Local bodies, etc. PLI also extends the facility of insurance to the  officers and staff of the Defense services and Para-Military forces. Where as LIC offers it’s plans to all citizens of India. So when it comes to flexibility to buy then LIC holds edge than PLI.
  • Plans offered-There is no such difference. Because LIC and PLI mostly dependent on traditional endowment type of Life Insurance Plans. But along with that LIC offers term insurance (recently LIC launched online term insurance), which is not at all touched by PLI.
  • Premium Rate-When compare to LIC or any private insurers, PLI offers cheap premium. So this is a most advantage of buying endowment plans with PLI than with LIC.
  • Bonus Rate-Bonus offered by PLI is in the range of 7% or more. Whereas currently LIC offers a bonus rate of around 4% to 5%.
  • Where to buy-In case of PLI, you have to visit to the Post Office where these schemes are offered. Whereas in case of LIC, you will easily get agents. These agents can come to your doorstep and offer the service. Along with that recently LIC launched an online buying also (restricted to online term plan and pension plan). Therefore, in case of buying LIC offers more flexibility than PLI.
  • Age Limit-PLI offers insurance to the age group of 19-55 yrs. Where as in LIC you can get the insurance coverage up to 75 yrs (not in all policies).
  • Maximum Sum Assured-PLI offers you the maximum sum assured of Rs.50 Lakh. Whereas, LIC offers an unlimited maximum sum assured.
  • Premium Payment-You need to visit the Post Office to pay the premium dues. However, in case of LIC, you can pay it in branch, collection points or through online.
  • Tax benefits-Both PLI and LIC offer same tax benefit for deduction under Sec.80C.
Considering all these features and differentiation between PLI and LIC, I feel PLI is still in olden days. Because it offers less insurance coverage, entry is restricted to only few, service issues, no term insurance and age limit. Whereas only two positive points that attract you towards PLI are lesser premium and higher bonus.
Whether it is prudent to buy endowment plans from PLI?

Even though PLI offers you higher return and lower premium compare to LIC and other private insurers, the returns in the long run may erode drastically if you consider the inflation. Along with that, you will be under insured due to restricted maximum insurance limit. Post Offices still not customer friendly. So you may face service issues and claim settlement issues.(now improved) 

Courtesy : http://www.basunivesh.com/