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Public Provident Fund account will be closed, NSCs encashed if holder turns NRI


NRIs are not allowed in instruments like the National Savings Certificates, Public Provident Fund, Monthly Income Schemes and other time deposits offered by the post office.
Amending rules on post office savings schemes like the National Savings Certificates (NSC) and Public Provident Fund (PPF), the government has notified that such accounts would be closed prior to maturity in case of holders changing their personal status to become non-resident Indians(NRIs).



The amended rules were notified in the official gazette earlier this month.



The amendment to the PPF Scheme, 1968, says: "If a resident who opened an account under this scheme, subsequently becomes a non-resident during the currency of the maturity period, the account shall be deemed to be closed with effect from the day he becomes non-resident."

The interest payable would be up to the date of the account closure, it said.



A separate notification on NSCs said in case of a similar change of status of the certificate holder before the maturity period, "the certificate will be encashed, or deemed to be encashed on the day he becomes non-resident" and interest will be paid accordingly.



NRIs are not allowed in instruments like the National Savings Certificates, Public Provident Fund, Monthly Income Schemes and other time deposits offered by the post office.



Asked to comment in this regard, an investment consultant said that it is unclear why NRIs are not allowed to invest in post office schemes.

Last month, the government had retained the interest rate on Public Provident Fund for October-December unchanged at 7.8 per cent, in line with the rates for small savings schemes.

Source :  The Economic Times

UIDAI to empower government, bank staff to clear Aadhaar enrolment



PTI , NEW DELHI, OCTOBER 29, 2017


The UIDAI will soon evolve a process for authorised employees of banks, post offices and the government to biometrically sign off Aadhaar enrolment and updation form collection, as the process of applying for the id moves into such premises.


The move is aimed at addressing the security concerns around collection of biometric and other information, Ajay Bhushan Pandey, CEO of the Aadhaar-issuing body, the Unique Identification Authority of India (UIDAI), told PTI.


The UIDAI had earlier asked States to ensure that enrolments, even those by private agencies, shift to government or municipal premises from external private operator-run sites.


Moreover, it has directed private as well as public sector banks to set up Aadhaar enrolment facility in at least one out of 10 branches. “The enrolment and updates will happen largely in banks, post office and government premises. “There also, during enrolment, the authorised employee of the banks, post offices or the government will have to biometrically sign the Aadhaar enrolment or updation application,” Mr. Pandey said.


A process for this additional layer of security and supervision is being evolved and the proposed mechanism is likely to be in place by January, he added. The mechanism entails a staff, authorised for the purpose, to biometrically sign off the application form after it is received.


Earlier, data collection was by a private operator and the form was verified by government-appointed verifier.


But now the biometric signature of the designated official will be taken, fortifying the collection process and making it more secure, according to the UIDAI.


“Earlier the private operator — even though he was a certified operator — used to sign it, now it will have to be counter signed through biometrics by a government, bank or post office employee,” Mr. Pandey added.


Source : The Hindu

Mandatory installation of LED based lighting in all Government buildings


Mandatory installation of LED based lighting in all Government buildings




Most Immediate
No.25(24)/E.Coord/2017
Government of India
Ministry of Finance
Department of Expenditure
North Block, New Delhi
Dated the 30th October, 2017
OFFICE MEMORANDUM

Subject: Economy Measures- Mandatory installation of LED based lightings in Government Buildings- reg.

Reference is invited to this Department's OM of even number dated 04.08.2017 on the subject mentioned above and to inform that the implementation progress was reviewed recently by Group of officers vide meeting in Cabinet Secretariat on 29.09.2017.

2. As per decision taken during the deliberation, all Ministries/Departments are requested to ensure that replacement work of old bulbs with new LED based lightnings is completed by 31.10.2017 in your offices including Attached/Subordinate Offices, CPSUs, Autonomous Bodies and field offices.

3. It is requested that Ministries/Departments should apprised Department of Expenditure with the action taken in this regard by 10.11.2017 positively as per the format attached.

4. Further, each Ministry/Department should nominate a Nodal Officer at the level of Joint Secretary for monitoring the progress and certifying completion of installation of LED based lightings and energy efficiency measures on behalf of the Ministry/Department. The names of the nominated officers should be provided by 03.11.2017.
(H. Atheli)
Director
To,
All Secretaries of Ministries/Departments

Source: DoE

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

Up-gradation of Grade Pay of Inspector of Posts w.e.f. 01-01-2006


GOOD NEWS 
TO ALL MEMBERS

ASSOCIATION WON THE BATTLE

THANKS TO ALL MEMBERS FOR THEIR ENDURANCE

Today, I am very very happy for getting the orders in our favour. 

Thanks to all Circle Secretaries and Members who donated the money to strengthen the CHQ fund. This is result of unity. 

Waiting same outcome in cadre restructuring proposal.

Yours friend, 

Vilas Ingale 
General Secretary


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Copy of judgement delivered by Hon'ble CAT Ernakulam Bench on 15/10/2015 is placed below for the information to the members. 






The copy of reply filed by DOP on behalf of MoF on 22/12/2016is as under : 



DEPARTMENT OF POSTS ISSUED ORDERS REJECTING DEMAND OF GP OF Rs. 4600/- to IPs FROM 1-1-2016


7th Pay Commission – Revision of rate of Training Allowance.

No.13024/01/2016-Trg.Ref.
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel and Training
[Training Division (IST/IIPA)]
Block-4, Old JNU Campus
New Mehrauli Road, New Delhi-67
Dated: October 24,2017
OFFICE MEMORANDUM

Subject: Implementation of Government’s decision on the recommendations of the Seventh Pay Commission – Revision of rate of Training Allowance.

Consequent upon the acceptance of the recommendations of the Seventh Central Pay Commission (CPC) by the Government conveyed vide Ministry of Finance, Department of Expenditure Resolution No. 11-1/2016-IC dated July 6, 2017, the President is pleased to decide that the Training Allowance in Training Academies and Institutes shall be regulated in the following manner:-

(i) Training Allowance
In the National/Central Training Academies and Institutes for Group’ A’ officers
24% of Basic Pay
In other Training Establishments
12% of Basic Pay

(ii) Training Allowance will be admissible only to the employees who join the training establishments for a specified period of time and are then likely to go back.

(iii) Training Allowance will not be admissible to those employees who are directly recruited by such training establishments for imparting training.

2.The revised rates of training allowance shall be admissible with effect from the 1st July, 2017.

3.In so far as the employees working in the Indian Audit and Accounts Department are concerned, these orders are issued with the concurrence ofthe Comptroller and Auditor General.

4.Hindi version will follow.

Sd/-
(Biswajit Banerjee)
Under Secretary to the Government of India




SB Order No. : 17/2017 - Mobile number is mandatory of opening of account in PO small saving scheme


Philatelic Seminar at Mumbai - 2nd December 2017.

The Royal Philatelic Society London has organized Philatelic Seminar on 2nd December during INPEX 2017 covering the philatelic subjects of Traditional Philately, Postal History, Thematic Philately and Postal Stationery.

The Speakers are Brian Trotter RDP FRPSL, UK (Traditional Philately), James Mazepa RDP FRPSL, USA (Postal History), Jari Majander, Finland (Thematic Philately), Ajeet Singhee, India (Postal Stationery) and Steven Zwillinger, USA (Exhibiting Techniques) 

Date & Time: 2nd Dec 2017 (Saturday) 9 am to 5 pm 

Venue : Hotel Taj President-Mumbai (3 minutes walk from World Trade Center) 

Fee : Rs. 2000 (includes Lunch & Tea)

Every participant will receive free copy of Indian Princely States Stamps and Postal History by Sandeep Jaiswal & Steven Zwillinger. (Normal Price Rs. 1300/-)
Contact for more information: indiarpsl@gmail.com


GPF interest rate wef 1st October, 2017 to 31st December, 2017

  The Government of India has announced that during the Financial Year 2017-18, accumulations at the credit of subscribers to the General Provident Fund (GPF) and other similar funds shall carry interest at the rate of 7.8% (Seven point eight per cent) with effect from 1st October, 2017 to 31st December, 2017. This rate will be in force w.e.f. 1st October, 2017.

The Notification to this effect has been issued and published in the Gazette of India on 23rd October, 2017.

BRIEF OF THE MEETING HELD TODAY WITH THE CABINET SECRETARY (GOVERNMENT OF INDIA)

BRIEF OF THE MEETING HELD TODAY WITH THE CABINET SECRETARY (GOVERNMENT OF INDIA)

Happy Padva (Dipavali) to All members and viewers


EPFO introduces a new facility for its members to link their respective UAN with Aadhaar online

On the eve of Deepawali, Employees' Provident Fund Organisation (EPFO) is pleased to introduce a new facility for its esteemed members having Universal Account Number (UAN) and other relevant details to link their respective UAN with Aadhaar online. This, in turn, would facilitate the members, a better and speedy EPFO services.

The facility has been made available at EPFO's website 

www.epfindia.gov.in ->  Online Services -> e-KYC Portal  -> LINK UAN AADHAAR.

Using the facility, EPFO members can online link their respective UAN with Aadhaar. While using the facility, the member will have to provide his/her UAN. An OTP will be sent to his/her mobile linked with UAN. After OTP verification, the member will have to provide his/her Aadhaar Number. Another OTP will be sent to his/her mobile/email linked with Aadhaar. After OTP verification, if UAN details are matched with Aadhaar details, then UAN will be linked with Aadhaar. After linking, the EPFO member may avail online EPFO services linked with Aadhaar.

New identity card design with Employee ID




Wishing Happy Dhanteras to All viewers and members


Atal Pension Yojana : Still Scope for increasing pension coverage

Press Information Bureau
Government of India
Ministry of Finance
16-October-2017 16:57 IST

Over 69 lacs subscribers join Atal Pension Yojana with contribution of Rs. 2690 crores

Secretary DFS: Still Scope for increasing pension coverage
Atal Pension Yojana currently has over 69 lacs subscribers with contribution of Rs. 2690.00 crores. Chairman, PFRDA Shri Hemant G Contractor however emphasised the need of increasing the pension coverage in India at a recently concluded conference on Atal Pension Yojana. The conference organised by Pension Fund Regulatory and Development Authority (PFRDA) in the national capital saw participation from all major banks, representatives from NPCI, SCHIL, SIDBI, Access Assist and some major MFIs.

A large section of the society still does not have access to pensions and this is a cause of concern for PFRDA and Government, Shri Contactor said. Congratulating the winners of the contest organised by PFRDA the Chairman said that APY has made progress in covering the intended subscribers but much remains to be done. He mentioned that on an average, a little less than 2% of the eligible population is covered under APY and hence a lot has to be done to provide people a regular access to old age income. He also touched upon the issues of persistence in the APY accounts and asserted that the objective of the scheme is to provide pension and this will only happen if the contribution in the account has been regularly paid. He urged the APY Service Providers to educate the subscribers on the importance of the same. He also urged upon the APY Service Providers i.e Banks and Post Offices under Department of Post to achieve the targets allocated by government by putting in their best efforts.

A video message of Shri Rajiv Kumar, Secretary DFS was played during the occasion. Shri Rajiv Kumar mentioned that Atal Pension Yojana is flagship program of the Government of India under financial inclusion and financial security. The pension coverage in this country is at around 12% and banks and other stakeholder need to work towards greater coverage under the scheme. He also said that DFS is monitoring the progress under the scheme and targets allocated under the scheme to banks should be accomplished. He touched upon the subject of providing a digital platform for APY by PFRDA i.e e-APY. Secretary Shri Rajiv Kumar congratulated the banks on their performance under the campaigns and urged them to continue the work.

While the government has a pension scheme for the BPL persons but the amount is meagre and is not sufficient for old age needs. 9% of the population of India, i.e 110 million people are over 60 years and by 2030 this figure is expected to cross 180 million. The 60 plus age groups is the fastest growing demographic in the country. With increase in longevity of the people, disintegration of the joint family system in India and inflation, there is greater need for old age than ever before. Currently pension benefits are available India basically to the organised sector. Atal Pension Yojana introduced in 2015 by Government of India provides a self- contributory savings pension scheme with guaranteed pension of Rs. 1,000/- to Rs. 5,000/- with a very low contribution by the subscriber. All banks and Department of Post have pushed the product to the interiors of the country. APY has option for increasing the pension amount from Rs. 1000/- to any other amount up to Rs. 5000/- as per the savings capacity of the subscriber, and further allows the spouse to continue the account in the event of the death of the subscriber before the age of sixty years. PFRDA has also been engaging with various State Governments for providing co-contribution under the scheme. With the introduction of e-APY through Aadhaar, the banks will be able to effectively utilise the digital platform for greater coverage. 

Extension of probation period on account of availing Leave during probation period - DoPT

Extension of probation period on account of availing Leave during probation period

No.28020/1/2017-Estt(C)
Government of India
Ministry of Personnel, PG and Pensions
Department of Personnel & Training

North Block, New Delhi
Dated: 5th October, 2017

Subject: Extension of probation period on account of availing Leave during probation period

The undersigned is directed to refer to this Department's 0.M No. 28020/1/2010-Estt(C)  dated 21st July 2014 wherein consolidated instructions on Probation/ Confirmation in Central Services were issued for ready reference to all concerned. As per extant instructions "if during the period of probation, a probationer has not undergone the requisite training course..., the period of probation may be extended by such period or periods as may be necessary, subject to the condition that the total period of probation does not exceed double the prescribed period of probation"

2. This has been examined in the view that some employees are not able to complete the probation on account of availing leave for long duration during probation period. It has been decided that in such cases if an employee does not complete 75% of the total duration prescribed for probation on account of availing any kind of leave as permissible to a probationer under the Rules, his/ her probation period may be extended by the length of the Leave availed, but not exceeding double the prescribed period of probation. 

3. So far as persons serving in the Indian Audit & Accounts Departments are concerned, these orders are being issued after consultation with the C&AG of India. 


(Sanjiv Kumar)
Deputy Secretary to the Government of India 
Source: DoPT

First Day of Dipavali, Happy Vasu Baras to all members and viewers.


Central Govt hereby authorised public sector banks ICICI bank, Axis Bank & HDFC bank to accept deposits for NSC, KVP, RD, MIS, SCSS, SSA & TDs. Wef 10 Oct 2017.

Central Govt has pushed aside the Post Offices and released notification permitting all nationalized banks & ICICI bank, Axis Bank & HDFC bank ( from the private sector) to accept deposits for NSC, KVP, RD, MIS, SCSS, SSA & TDs w.e.f. 10-1-2017.


Commemorative Postage Stamp on 75 years on Chhatrapati Shivaji International Airport




Commemorative Postage Stamp on 75 years on Chhatrapati Shivaji International Airport released by Shri Harish C. Agrawal, Chief Postmaster General Maharashtra circle on 15-10-2017.

S B Order No. 16 / 2017

To view SB order No. 16/2017 dated 11/10/2017, please CLICK HERE.