House Building Advance Interest Rates.

No.5(3)-B(PD)/2012

Government of India

Ministry of Finance

Department of Economic Affairs

(Budget Division)

 Room No. 263-B, North Block,

 New Delhi dated the 3rd January, 2013.

Office Memorandum

        The undersigned is directed to state that the rates of interest on advances and loans given to Government employees for construction/purchase of houses/flats during 2012-13 i.e. 1st April, 2012 to 31st March, 2013 and until further orders will be as under:-

Slab                                       Interest Rate  percent per annum

 Advance upto Rs. 50,000/-        6.00

 Advance uto Rs. 1,50,000/-       7.50

 Advance upto  Rs. 500,000/-      9.00

 Advance upto  Rs. 7,50,000/-     9.50

          Ministry of Urban Development is requested to issue separate O.M. at their level on the above issue.

 This issues with the approval of Flon'bie Finance Minister.

 Sd/-

 (A.K. Bhatnagar)

 Under Secretary (Budget)

 Source:http://urbanindia.nic.in/writereaddata/office%20orders/568.pdf

Senior Postmaster Examination.....update

It is confirmed from 'DE' Division of Postal Directorate that, in all 6 CAT cases are pending at various benches (2-Andhra Pradesh, 2-Odisha, 1- each at Punjab and Haryana Circle). In view these CAT cases, this examination will not be held as per tentative programme circulated by Directorate. 

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Seventh pay Commission Projected Pay Scales

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Transfer / Posting in PS Gr. B cadre.

Shri Ajatshatru an officer of Tamil Nadu circle on promotion to PS Gr. B cadre posted as ADM (PLI) o/o CPMG, Maharashtra Circle, Mumbai 400 001. 

Assumption of charge in PS Gr. B cadre.

1. Shri S. K. Shabir an officer of Andhara Pradesh Circle has taken over the charge of Sr. PM, Nagpur GPO on 6/2/2013. 

2. Shri K. Ezhil an officer of Tamil Nadu Circle has taken over the charge of ADPS-III o/o PMG, Mumbai Region on 6/2/2013.

Maharashtra Circle branch welcomes to these officers and wish them best of luck in their future life.

Rajiv Gandhi Equity Savings Scheme launched in Mumbai on 9/2/2013.

FM says it will be made more attractive for investors :

Finance Minister P. Chidambaram today formally launched the Rajiv Gandhi Equity Savings Scheme (RGESS) in Mumbai, with a promise to make it more attractive for small investors in the days to come. The Scheme which is aimed at attracting first time investors in Stock market was announced in the budget 2012-13.

Speaking at the launch function attended by top bankers and investment managers, Mr. P Chidambaram termed RGESS was an instrument that would encourage individuals with moderate income to consider equity investment. “Indians save, save even during adverse conditions” he said. He however, regretted that even though the savings accounted for as high as 30-36 percent of GDP, most households preferred to invest in physical assets like gold and real estate. “Even after 22 years of liberalization, despite having a flourishing capital market and a strong regulatory framework, the savings are not channelized into the financial sector” observed FM. He noted that equity was viewed as speculative by most people, but said “investment in equity is good for the investor; good for the financial system.”

Mr. Chidambaram admitted that initially, the RGESS was considered to be a complex instrument and the tax incentive on investment upto Rs 50,000 was not adequate. “We have tried to be creative to make it more attractive; we have allowed mutual funds to participate in RGESS and we have broadened the definition of first time investor to include Demat account holders who have not transacted previously”,he said. FM said there were still certain issues left, which he promised would be addressed during the coming budget.

Mr. Chidambaram also called for simplification of procedures and specifically integration of KYC (Know Your Customer) norms. “There are simply too many regulations. KYC under single regulator must converge in the first phase and thereafter there should be convergence of KYC under different regulators in the market”. He added “If you ask too many questions, you will frighten the investor away; what is the use of so many regulators if investor stays away?”

On the occasion, Mr. Chidambaram also unveiled the logo of RGESS and released a FAQ booklet on the scheme, aimed at creating investor awareness.

There are already 11 Mutual Fund schemes confirming to RGESS. Five new Mutual Fund RGESS schemes - by SBI Mutual, LIC Noumura, IDBI, UTI and DSP Blackrock - were launched today. Under RGESS an individual with annual income less than Rs 10 lakhs would get tax incentives investment upto Rs. 50,000.

SEBI Chairman, S K Sinha, Secretary, Economic Affairs, Arvind Mayaram, CEOs of National Stock Exchange and Bombay Stock Exchange, Senior bankers and investment Managers were present for the RGESS launch in Mumbai.

Source : CHQ BLOG

General Secretary visited Postal Directorate.

General Secretary, CHQ President, Shri Ajith Kumar ASP (PMU) & other ASPs visited Postal Directorate from 6^th February 2013 to 8^th February 2013 and met with Secretary (Posts) and other Senior Officers. During these informal meetings, following pending issues were discussed in detail and present status is noted against each.

	Pending issues	Present status
1	Agenda for holding of periodical meeting with Secretary (Posts)	It was assured that, periodical meetings will be held very shortly.  Action taken reports on our agenda items are awaited from DDG (P) and DDG (Estt).
2	Restructuring of Inspector Posts cadre	Fresh meeting on this issue is likely to be held in near future.
3	Regarding issuance of repatriation orders in PS Gr. B cadre	The requests of the PS Gr. B officers who have completed one year service in other circle will be repatriated to their home circle first on the basis of availability of vacancies. It was informed that promotion orders issued under Directorate memo No. 9-23/2012-SPG dated 28/12/2012 will be implemented first. Near about 60 representations have been received at Directorate for change of circle, retention in the parent circle on health ground etc.
4	Supply of Laptop to all IPs/ASPs	It was informed that, this issue may be taken up at circle level for purchasing laptops from ‘OE’ fund. In case of any difficulty faced at circle level may be pointed out to Directorate.
5	Utilization of surplus PS Gr. B post of erstwhile Supdt. RSD Mumbai as Sr. PM, Chembur HO (Maharashtra Circle)	Issue is under examination at establishment division of Directorate.
6	Verification of SB withdrawals exceeding Rs.5000/-	It was informed that on introduction of CBS, the present provision of verification of SB withdrawals through SDI (P)/ASP or PRI (P) will be discontinued. Even though on our request Directorate is considering the proposal to enhance the limit soon.
7	Recruitment Rules for the post of Assistant Manager in MMS	New RRs is likely to be issued shortly.
8	Role of Sub Divisional Head while handling loss and fraud cases exceeding the limit of Rs. 20000/-	This issue is under examination at Directorate.
9	Quota of General Line in PS Gr. B Examination	This will be settled at the time of framing new RRs of PS Gr. B. It was decided by Directorate that 3% quota will be given to General Line.
10	Inter-Circle transfer of Inspector Posts under Rule 38 of P&T Manual  Vol. IV.	This issue was discussed in depth. Few individual genuine cases brought to the notice of Hon’ble Secretary (Posts) and it was informed to us that HOC may consider the cases on merit as per instructions issued and in case of any difficulty the same may be pointed out to Directorate.
11	Issue of combined All India Seniority List of Inspector Posts from the year 1999	Combined All India Seniority List up to 2001 is ready and will be circulated in near future. Remaining seniority lists will also be compiled and issued in phased manner.
12	Result of PS Gr. B Examination 2012	It has been decided by Directorate that the result will be recast due to some errors in the answer keys of questions papers. Some more IPs/ASPs are likely to be declared successful due to recasting. One ASP from Rajasthan circle has filed CAT case under OA No. 487/2012.
13	DPC for JTS Gr. A cadre	It was agreed that DPC is delayed. File has already been sent to UPSC for deciding the date for holding of DPC.
14	Declaration of result of Inspector Posts Examination 2012 (West Bengal circle)	Result is ready for declaration and file sent to competent authority for approval.

Ms P.Gopinath assumed charge of new Secretary (Posts)

To View Memo Click Here

Transfer / Posting in PS Gr. B cadre

The competent authority has ordered the following revised transfer / allotment in PS Gr. B cadre. 

1. Shri K. Ezhil (MM Region) allotted to Mumbai Region vice Shri R. Raghupathy (Tamilnadu) declined regular promotion. 

2. Shri Vilas S. Ingale who was allotted to MM Region vide CO Mumbai Memo No. STA/6-2/2012 dated 07/08/2012 and posted as Offg. Superintendent, APSO Inland Mumbai will continue to officiate as Superintendent (Stg.) APSO Inland Mumbai until further orders. 

Question Bank PO Guide II

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GS Desk..Rozgar Jagrukta Puraskar awarded to Inspector Posts.

Shri A. K. Singh, Sub Divisional Inspector (Postal) Gariaband Sub Division (under Raipur Postal Division) Chhattisgarh is selected for Rozgar Jagrukta Puraskar for the year 2012-13. Award presentation ceremony will be held on 2/2/2013 at 09.30 hours at Plenary Hall, Vigyan Bhawan New Delhi. Hon'ble Prime Minister of India, Dr. Manmohan Singh JI will be the Chief Guest of function. 8th MGNREGA Divas will also be celebrated in the said function. Smt. Sonia Gandhi will be the Guest of Honour. 

Shri A. K. Singh is presently working as Circle Secretary for Chhattisgarh Circle.

K.Narendra Babu, Inspector Posts (BD), o/o CPMG, AP Circle, Hyderabad and G.Hari Prasad, Inspector Posts (BD), o/o PMG Visakhapatnam are also selected for 'Rozgar Jagrukta Puraskar' from Andhra Pradesh Circle.

I, on behalf of Maharashtra Circle Branch, congratulate these officer and their teams.

Source : CHQ blog

GS Desk .. Declination of PS Gr. B promotion accepted by Directorate.

Postal Directorate vide memo No. 9-04/2013 dated 29-01-2013 has accepted the refusal of following officers for declining their promotion to PS Group “B” ordered vide Directorate memo No. 9-23/2012- SPG dated 28.12.2012.

Name of the officer	Sl.No. in order	Parent Circle	Circle allotted on promotion	Date of Declination
Sita Nath Dash	76	Orissa	Assam	07-01-2013
T.Amudha Ganesan	18	Tamilnadu	Delhi	31-12-2012
P.V.Balachander	164	Tamilnadu	Uttar Pradesh	07-01-2013
T.R.Baskaran	73	Tamilnadu	Gujarat	02-01-2013
K.Soorappan	11	Tamilnadu	Kerala	07-01-2013
A.K.Mahaboob Ali	9	Tamilnadu	Kerala	28-12-2012
R.Raghupathy	69	Tamilnadu	Maharashtra	29-12-2012
P.Karunanity	34	Tamilnadu	Delhi	28-12-2012
S.Subbarajan	51	Tamilnadu	Postal Dte	08-01-2013
L.Chandra Sekaran	22	Tamilnadu	Delhi	28-12-2012
N.P.Sampath	26	Tamilnadu	Delhi	31-12-2012
S.Vasudevan	45	Tamilnadu	Postal Dte	01-01-2013
R.Ismail	92	Tamilnadu	Uttar Pradesh	01-01-2013
Dev Raj Ratra	25	Punjab	Haryana	29-12-2012

It is learnt from reliable source that following Officers have also declined PS Gr."B" promotion. 

Name of the officer	Sl. No. in order dated 28/12/12	Parent Circle	Circle Allotted on promotion
T. Veera Raghavulu	127	A.P.	Maharashtra
P.S. Chandrashekhar	145	A.P.	Kerala
P. Barthalaxmi	151	A.P.	Kerala
Sree Ramulu naik	196	A.P.	Gujarat

Source : CHQ blog

Question Bank PO Guide II

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Submission of Annual Property Returns

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