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Gramin Dak Sevak: Emergency Leave for a maximum of 5 days in a calendar year for all categories
2. keeping in view the above, it has been decided to issue consolidated instructions on the subject of emergency leave for all categories of Gramin Dak sevaks (GDS) as under:-
(i) ‘Emergency’ leave will be granted for a maximum of 5 days in a completed calendar year of the engagement period or proportionate thereof. The GDS will be paid TRCA as applicable during the period of emergency leave.
(ii) Emergency leave will be granted to GDS to take care of any emergent/personal requirements.
(iii) Not more than two days emergency leave will be granted at a time No half day emergency leave will be granted.
(iv) Emergency leave cannot be carried forward or encashed or combined with paid leave.
(v) Sundays and postal holidays falling during the period of emergency leave are not counted as part of emergency leave.
(vi) Sundays/Postal holidays can be prefixed/suffixed to emergency leave.
(vii) prior sanction from Divisional Office for (BPM) or Sub Divisional Office, Sr.PM/PM for (ABPM/Dak Sevak) is required.
(viii) No full time substitute will be engaged against the resultant vacancy and duty/work of Branch post offices should be managed with combination of duties except in case of single handed BOs.
(ix) Emergency leave will not be granted to GDS who are under put off duty.
(x) All GDS who are engaged on regular basis on the date of notification of introduction of Emergency leave and who fulfill all other conditions will be eligible for availing this leave.
(xi) When a GDs stays beyond two days emergency leave at a time, the whole period shall be debited against his/her paid leave account due. In case he/she is not having paid leave the period in excess of such leave due will be treated as unauthorized adsence and the GDS shall not be entitled to any TRCA.
(xii) GDS will submit emergency leave application on a plain paper to leave sanctioning authority by indicating the reason for availing such leave.
(xiii) Proper record of the emergency leave availed by GDs will be maintained by the leave sanctioning authority in the following proforma:-
3. This OM issues with the concurrency of Department of Personnel and Training vide their ID Note Number 14029/1/2017-Estt (Leave) dated 14.12.2018
4. This instructions/guidelines contained in this OM shall take effect from 01.01.2019.
5. Hindi version will follow.
No.17-31/2016-GDS
Government Of India
Ministry of Communications
Department of Posts
(GDS Section)
Dak Bhawan,Sansad Marg,
New Delhi – 110 001
Dated: 02-01-2019
Office Memorandum
Sub: Implementation of approved recommendations of Kamlesh Chandra Committee on intoduction of ‘Emergency’ leave for a maximum of 5 days in a calendar year for all categories of Gramin Dak Sevaks (GDS)
The undersigned is directed to convey the approval of the Competent Authority on approved recommendations of Kamlesh Chandra Committee in introduction of ‘Emergency’ leave for a maximum of 5 days in a calendar year for akk categories of Gramin Dak Sevaks, who are engaged on regular basis after due engagement formalities as prescribed in GDS (conduct & Engagement Rules, 2011 and amended from time to time as per instructions of Directorate.
2. keeping in view the above, it has been decided to issue consolidated instructions on the subject of emergency leave for all categories of Gramin Dak sevaks (GDS) as under:-
(i) ‘Emergency’ leave will be granted for a maximum of 5 days in a completed calendar year of the engagement period or proportionate thereof. The GDS will be paid TRCA as applicable during the period of emergency leave.
(ii) Emergency leave will be granted to GDS to take care of any emergent/personal requirements.
(iii) Not more than two days emergency leave will be granted at a time No half day emergency leave will be granted.
(iv) Emergency leave cannot be carried forward or encashed or combined with paid leave.
(v) Sundays and postal holidays falling during the period of emergency leave are not counted as part of emergency leave.
(vi) Sundays/Postal holidays can be prefixed/suffixed to emergency leave.
(vii) prior sanction from Divisional Office for (BPM) or Sub Divisional Office, Sr.PM/PM for (ABPM/Dak Sevak) is required.
(viii) No full time substitute will be engaged against the resultant vacancy and duty/work of Branch post offices should be managed with combination of duties except in case of single handed BOs.
(ix) Emergency leave will not be granted to GDS who are under put off duty.
(x) All GDS who are engaged on regular basis on the date of notification of introduction of Emergency leave and who fulfill all other conditions will be eligible for availing this leave.
(xi) When a GDs stays beyond two days emergency leave at a time, the whole period shall be debited against his/her paid leave account due. In case he/she is not having paid leave the period in excess of such leave due will be treated as unauthorized adsence and the GDS shall not be entitled to any TRCA.
(xii) GDS will submit emergency leave application on a plain paper to leave sanctioning authority by indicating the reason for availing such leave.
(xiii) Proper record of the emergency leave availed by GDs will be maintained by the leave sanctioning authority in the following proforma:-
EMERGENCY LEAVE AVAILED BY GDS
Name & Designation of the
Leave Sanctioning Authority:
Name & Designation of the
Leave Sanctioning Authority:
Sl. No.
|
Name of GDS
|
Designation
|
Emergency Leave Availed
|
Remarks if any
| ||||
5
|
4
|
3
|
2
|
1
| ||||
Date
|
Date
|
Date
|
Date
|
Date
| ||||
4. This instructions/guidelines contained in this OM shall take effect from 01.01.2019.
5. Hindi version will follow.
(S.B.Vyavahare)
Assistant Director General (GDS/PCC)
A stint of service in National Cadet Corps has to be made compulsory in all educational institutions: VP;
Press Information Bureau
Government of India
Vice President's Secretariat
07 JAN 2019 2:29PM by PIB Delhi
Government of India
Vice President's Secretariat
07 JAN 2019 2:29PM by PIB Delhi
A stint of service in National Cadet Corps has to be made compulsory in all educational institutions: VP;
The Vice President of India Shri. M Venkaiah Naidu said that a stint of service in National Cadet Corps (NCC) has to be made compulsory in all educational institutions. He was addressing the cadets of the National Cadet Corps at the inaugural ceremony of the Republic Day camp in New Delhi today.
Shri. Naidu congratulated the cadets for their enthusiasm and energy, for their outstanding drill and their confidence. He observed that the Camp, which would foster feelings of unity and patriotism, would serve as a memorable and motivating learning experience. The Vice President urged the cadets to make the best possible use of the camp by participating in all activities conducted at the Camp with sincerity and commitment.
Shri. Naidu said that the training provided by NCC since its inception has played a vital role in inculcating the qualities of discipline, leadership, camaraderie, team spirit, adventure and national integration, thereby leading to the holistic development of the Nation’s youth and assuring a better future.
He added that the camp would be a unique opportunity not only to understand the country better, but also to widen one’s horizons and foster lasting friendship with fellow cadets from other nations.
Highlighting the timeless values of universal brotherhood, national integration and secularism for which NCC stood for, Shri. Naidu applauded the selfless service undertaken by the cadets of NCC in times of crisis and natural disasters like earthquakes, cyclones, floods, etc.
The Vice President also appreciated the crucial role played by NCC Cadets in educating the masses about Government driven Social Programmes like the Swachh Bharat Abhiyaan, AIDS Awareness, Adult Education, Anti Dowry, Anti Leprosy and Anti corruption campaigns etc. Expressing complete faith in the hard work done by the cadets of NCC, Shri. Naidu said that their efforts would definitely strengthen our social fabric.
Congratulating the cadets for excelling in all walks of life, the Vice President applauded the exceptional performance that the NCC Cadets have displayed in the field of sports, especially shooting. He expressed hope that NCC would keep grooming outstanding sports persons who would make our country proud in the times to come.
The Vice President interacted with cadets at the Republic Day Camp and appreciated their participation in the camp. The Director General of NCC Lt Gen PP Malhotra, officers and more than 500 cadets took part in the inaugural ceremony
The following is the full text of the speech:
It gives me immense pleasure to be here at the Republic Day Camp of the National Cadet Corps. At the outset, I wish you and your families a very happy and prosperous 2019.
I am happy to see the bright and young faces of our youth, smartly turned out and beaming with confidence.
The National Cadet Corps is the largest uniformed youth organisation in the world and its training since inception has played a vital role in inculcating the qualities of discipline, leadership, camaraderie, team spirit, adventure and national integration, thereby leading to the holistic development of the Nation’s youth.
The ambience of this Camp fosters the feeling of unity and patriotism. This Camp will be a memorable motivating and learning experience for each one of you. It should be your endeavour to participate in all activities conducted at the Camp with sincerity and commitment.
It will give you an opportunity to interact with cadets, not only from other parts of the country, but also from friendly foreign countries, who will be arriving during the course of this Camp.
This will be a unique opportunity not only to understand your country better, but also to widen your horizon and foster lasting friendship with fellow cadets from other nations.
This Camp highlights the essence of universal brotherhood, transcending through national and international boundaries.
All human societies have their own typical challenges and so does our country.
Your contribution in times of crisis and natural disasters like earthquakes, cyclones, floods, etc has been recognized and commended by the Nation. Efforts towards community development and social upliftment are noteworthy.
NCC Cadets are involved in educating the masses about the Swachh Bharat Abhiyaan, AIDS Awareness, Adult Education, Anti Dowry, Anti Leprosy, Drug Menace, Vigilance Awareness, Pollution and Anti corruption issues, which have been appreciated by one and all.
These efforts will definitely improve the social fabric and I have full faith that your hard work will bear fruits in the near future.
The National Cadet Corps is a shining example of National Integration and Secularism and you are the pillars of our Nation. It was heartening to learn that the NCC cadets have been participating in large numbers in all Government driven Social Programmes.
It is a matter of deep satisfaction that you have excelled in all walks of life. The encouraging performance of NCC cadets in the field of sports, especially shooting, is a sure sign of the bright future of our sports in the years ahead. I am sure NCC will continue to groom ever better sports persons who will do our country proud.
Today, I urge you all to continue with this hard work and always carry out the tasks entrusted with dedication and distinction.
I am deeply impressed by your turnout and smart drill and I congratulate you all for the same.
It is indeed heartening and my pleasure to inaugurate the Annual National Cadet Corps Republic Day Camp 2019
JAI HIND
Shri. Naidu congratulated the cadets for their enthusiasm and energy, for their outstanding drill and their confidence. He observed that the Camp, which would foster feelings of unity and patriotism, would serve as a memorable and motivating learning experience. The Vice President urged the cadets to make the best possible use of the camp by participating in all activities conducted at the Camp with sincerity and commitment.
Shri. Naidu said that the training provided by NCC since its inception has played a vital role in inculcating the qualities of discipline, leadership, camaraderie, team spirit, adventure and national integration, thereby leading to the holistic development of the Nation’s youth and assuring a better future.
He added that the camp would be a unique opportunity not only to understand the country better, but also to widen one’s horizons and foster lasting friendship with fellow cadets from other nations.
Highlighting the timeless values of universal brotherhood, national integration and secularism for which NCC stood for, Shri. Naidu applauded the selfless service undertaken by the cadets of NCC in times of crisis and natural disasters like earthquakes, cyclones, floods, etc.
The Vice President also appreciated the crucial role played by NCC Cadets in educating the masses about Government driven Social Programmes like the Swachh Bharat Abhiyaan, AIDS Awareness, Adult Education, Anti Dowry, Anti Leprosy and Anti corruption campaigns etc. Expressing complete faith in the hard work done by the cadets of NCC, Shri. Naidu said that their efforts would definitely strengthen our social fabric.
Congratulating the cadets for excelling in all walks of life, the Vice President applauded the exceptional performance that the NCC Cadets have displayed in the field of sports, especially shooting. He expressed hope that NCC would keep grooming outstanding sports persons who would make our country proud in the times to come.
The Vice President interacted with cadets at the Republic Day Camp and appreciated their participation in the camp. The Director General of NCC Lt Gen PP Malhotra, officers and more than 500 cadets took part in the inaugural ceremony
***********
AKT/BK/MS/RKThe following is the full text of the speech:
It gives me immense pleasure to be here at the Republic Day Camp of the National Cadet Corps. At the outset, I wish you and your families a very happy and prosperous 2019.
I am happy to see the bright and young faces of our youth, smartly turned out and beaming with confidence.
The National Cadet Corps is the largest uniformed youth organisation in the world and its training since inception has played a vital role in inculcating the qualities of discipline, leadership, camaraderie, team spirit, adventure and national integration, thereby leading to the holistic development of the Nation’s youth.
The ambience of this Camp fosters the feeling of unity and patriotism. This Camp will be a memorable motivating and learning experience for each one of you. It should be your endeavour to participate in all activities conducted at the Camp with sincerity and commitment.
It will give you an opportunity to interact with cadets, not only from other parts of the country, but also from friendly foreign countries, who will be arriving during the course of this Camp.
This will be a unique opportunity not only to understand your country better, but also to widen your horizon and foster lasting friendship with fellow cadets from other nations.
This Camp highlights the essence of universal brotherhood, transcending through national and international boundaries.
All human societies have their own typical challenges and so does our country.
Your contribution in times of crisis and natural disasters like earthquakes, cyclones, floods, etc has been recognized and commended by the Nation. Efforts towards community development and social upliftment are noteworthy.
NCC Cadets are involved in educating the masses about the Swachh Bharat Abhiyaan, AIDS Awareness, Adult Education, Anti Dowry, Anti Leprosy, Drug Menace, Vigilance Awareness, Pollution and Anti corruption issues, which have been appreciated by one and all.
These efforts will definitely improve the social fabric and I have full faith that your hard work will bear fruits in the near future.
The National Cadet Corps is a shining example of National Integration and Secularism and you are the pillars of our Nation. It was heartening to learn that the NCC cadets have been participating in large numbers in all Government driven Social Programmes.
It is a matter of deep satisfaction that you have excelled in all walks of life. The encouraging performance of NCC cadets in the field of sports, especially shooting, is a sure sign of the bright future of our sports in the years ahead. I am sure NCC will continue to groom ever better sports persons who will do our country proud.
Today, I urge you all to continue with this hard work and always carry out the tasks entrusted with dedication and distinction.
I am deeply impressed by your turnout and smart drill and I congratulate you all for the same.
It is indeed heartening and my pleasure to inaugurate the Annual National Cadet Corps Republic Day Camp 2019
JAI HIND
Small Savings Schemes Interest Rate for fourth quarter of F.Y. 2018-19 w.e.f 01.01.2019 to 31.03.2019 - DoEA Order dated 31.12.2018
F.No.01/0412016-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
North Block, New Delhi
Dated: 31.12.2018
Subject: Revision of interest rates for Small Savings Schemes.
The undersigned is directed to refer to this Department’s OM of even number dated 16th February, 2016, vide which the various decisions taken by the Government regarding interest fixation for small savings schemes were communicated to all concerned.
2. On the basis of the decision of the Government, interest rates for small savings schemes are to be notified on quarterly basis. Accordingly, the rates of interest on various small savings schemes for the fourth quarter of financial year 2018-19 starting 1st January, 2019, and ending on 31st March, 2019, on the basis of the interest compounding / payment built-in in the schemes, shall be as under:
| Instructions | Rate of interest w.e.f. 01.10.2018 to 31.12.2018 | Rate of interest w.e.f. 01.01.2019 to 31.03.2019 | Compounding Frequency* |
| Saving Deposit | 4.0 | 4.0 | Annually |
| 1 Year Time Deposit | 6.9 | 7.0 | Quarterly |
| 2 Year Time Deposit | 7.0 | Quarterly | |
| 3 Year Time Deposit | 7.2 | Quarterly | |
| 5 Year Time Deposit | 7.8 | 7.8 | Quarterly |
| 5 Year Recurring Deposit | 7.3 | 7.3 | Quarterly |
| 5 Year Senior Citizen Savings Scheme | 8.7 | 8.7 | Quarterly and Paid |
| 5 Year Monthly Income Account | 7.7 | 7.7 | Monthly and paid |
| 5 Year National Savings Certificate | 8.0 | 8.0 | Annually |
| Publilc Provident Fund Scheme | 8.0 | 8.0 | Annually |
| Kisan Vikas Patra | 7.7 (will mature in 112 months) | 7.7 (will mature in 112 months) | Annually |
| Sukanya Samriddhi Account Scheme | 8.5 | 8.5 | Annually |
*No Change
3. This has the approval of Finance Minister.
(Akhilesh Kumar Mishra)
Director
Tele: 01123095024
To
| 1. | The Secretary Department of Expenditure North Block, New Delhi. | 2. | The Secretary Department of Revenue North Block, New Delhi. |
| 3. | The Secretary Department of Posts Dak Bhawan New Delhi | 4. | The Secretary Department of Financial Services, Jeevan Deep Building Parliament Street, New Delhi. |
| 5. | Chief General Manager Department of Govt. & Bank Accounts Reserve Bank of India Central Office, Mumbai. | 6. | Reserve Bank of India Central Account Section Additional Office Section East High Court Road Nagpur - 440 001. |
| 7. | Chief Secretaries of States/UT Governments. | 8. | The Director National Savings Institute, New Delhi. |
Source: DoEA (Click to view/download signed pdf)
[https://dea.gov.in/sites/default/files/Interest%20rates%20for%204th%20quarter%20of%20FY%202018-19.pdf]
CIRCULATION OF CIVIL LIST OF OFFICERS OF INDIAN POSTAL SERVICE [GROUP A] AS ON 01/01/2019
[DOWNLOAD]
Superannuation Retirement
Shri A D Tekale, SSPOs, Satara Division, Pune
Region and Shri P J Kakhandaki, SSPOs, Nasik Divison, Navi Mumbai Region are
retiring from Government Service on Superannuation on 31.12.2018.
Government of India invites nominations for Disaster Management Awards
Press Information Bureau
Government of India
Ministry of Home Affairs
26 DEC 2018 6:41PM by PIB Delhi
Government of India
Ministry of Home Affairs
26 DEC 2018 6:41PM by PIB Delhi
Government of India invites nominations for Disaster Management Awards
The Government of India invites nominations for the “Subhash Chandra Bose Aapda Prabandhan Puraskar” for excellence in the field of disaster management. The winners will be declared on 23rd January 2019, on the occasion of the birth anniversary of Netaji Subhash Chandra Bose. The last date for applying is 7th January 2019 and the application can be accessed through the following link - dmawards.ndma.gov.in
Earlier, on 21st October, Prime Minister Shri Narendra Modi had spoken about the need to recognize and honour “the unsung heroes of the nation who are doing excellent work in the field of disaster management.” It was felt that many organisations and individuals are working silently but persistently on mitigation and preparedness towards minimizing the impact of future disasters; and that there is a need to recognize their efforts towards alleviating human suffering caused by the disasters. On these lines, the Government of India has invited nominations for the Subhash Chandra Bose Aapda Prabandhan Puraskar.
Categories and Prizes
There will be up to three awards. Both institutions and individuals are eligible for these awards. An institution and individual winner will receive a certificate and a cash prize of Rs. 51 lakhs and Rs. 5 lakhs respectively.
Apply Online
An application by an institution does not debar any individual from that institution to apply for the award in his individual capacity. The applications shall be filed online on www.dmawards.ndma.gov.in and the last date for filing applications is 7th January 2019.
*****
Final All India Seniority List of Inspector Posts for the year 2001 and 2002
Click below link to download the order copy on Final All India Seniority List of Inspector Posts for the year 2001 and 2002 released by DOP
PM dedicates Bogibeel bridge to the nation; flags off first passenger train
Press Information Bureau
Government of India
Prime Minister's Office
25 DEC 2018 4:32PM by PIB Delhi
Government of India
Prime Minister's Office
25 DEC 2018 4:32PM by PIB Delhi
PM dedicates Bogibeel bridge to the nation; flags off first passenger train
The Prime Minister Shri Narendra Modi, today dedicated the Bogibeel bridge in Assam, to the nation. The bridge, which spans the River Brahmaputra between Dibrugarh and Dhemaji districts of Assam, is of immense economic and strategic significance for the nation. At a massive public meeting in Kareng Chapori, on the northern bank of the Brahmaputra,the Prime Minister also flagged off the first passenger train passing through the bridge.
Speaking on the occasion, the Prime Minister paid homage to the famous Assamese singer Deepali Borthakur, who passed away recently. He also paid homage to many other famous and historical figures from the State, who have brought laurels for the State and the country in various fields. He greeted the people on the occasion of Christmas. He said that today is the birth anniversary of former Prime Minister, Shri Atal Bihari Vajpayee, and is also celebrated as "Sushaasan Divas" or "Good Governance Day".
The Prime Minister said that for the last four and a half years, the Union Government has pursued the objective of good governance. He said the dedication of the historic Bogibeel rail-cum-road bridge, is a symbol of this objective. He said this bridge is a marvel of engineering and technology, and is of immense strategic significance. He said this bridge reduces distances between Assam and Arunachal Pradesh. He said it would greatly enhance "ease of living" in this region. The Prime Minister said that this bridge had been a dream for the people of this region for generations, and is now a reality. He said that Dibrugarh is an important centre of healthcare, education and commerce in the region, and the people living north of the Brahmaputra, can now access this city, more conveniently.
The Prime Minister appreciated all those involved in the construction of the bridge.
He recalled that in May 2017, he had also dedicated the country's longest road bridge, the Bhupen Hazarika Bridge at Sadia in Assam, to the nation.
The Prime Minister noted that while only three bridges were built over the Brahmaputra river in 60-70 years, three more have been completed in the last four and a half years alone. Another five, he said, are in progress. He said this enhanced connectivity between the northern and southern banks of the Brahmaputra, is an element of good governance. He said this pace of development will transform the North-East.
The Prime Minister spoke of the Union Government's vision of Transformation through Transportation. He said the infrastructure in the country is growing today at a rapid pace.
The Prime Minister complimented the State Government of Assam for its efforts towards completing pending projects. He said almost 700 kilometres of National Highways have been completed in four and a half years. He also mentioned several other connectivity related projects in the North-Eastern region. He said that a strong and progressive Eastern India, is the key to a strong and progressive India. Besides infrastructure, the Prime Minister mentioned several initiatives such as Ujjwala, and Swachh Bharat Abhiyan, which have seen rapid progress in Assam.
The Prime Minister said that today, the youth of the country, from the far-flung areas, is bringing laurels for India. Mentioning the famous athlete of Assam, Hima Das, he said youth are now becoming symbols of the self-confidence of New India.
The Prime Minister said that the Government is making efforts to build infrastructure for India's future needs.
Income Tax Department Does Not Want People To Do These Five Transactions
In a bid to implement the government’s mission to make India a cashless or less cash country and weed out corruption, the Income Tax Department has again warned people to refrain from large cash transactions, contravention of which may result in the levy of penalty or disallowance of tax deductions.
Following are the five transactions that Income Tax Department doesn’t want you to do.
1. Don’t accept cash of Rs 2,00,000 or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion. Instead of cash, you are advised to use an account payee cheque or account payee bank draft or use of electronic clearing system through a bank account for such transactions. However, the said restriction shall not apply to government, any banking company, post office savings bank, co-operative bank or a person notified by the Central Government. Section 271DA of the Income Tax Act provides for levy of penalty on a person who receives a sum in contravention of the provisions of section 269ST. The penalty shall be equal to the amount of such receipt. However, the penalty shall not be levied if the person proves that there were good and sufficient reasons for such contravention.
2. Don’t receive or repay specified sum exceeding Rs 20,000 or more in cash for transfer of immovable property and use account payee cheque or account payee demand draft or use of electricity clearing system through a bank account. “Specified sum” means any sum of money receivable, whether as advance or otherwise, in relation to transfer of an immovable property, whether or not the transfer takes place. Contravention of the provisions of section 269 SS will attract penalty under section 271 D. Penalty under section 271 D shall be levied of an amount equal to loan or deposit taken or accepted.
3. Don’t pay more than Rs 10,000 in cash relating to expenditure of business/ profession. If such expenses exceeding Rs 10,000 are made in any mode, other than by an account payee cheque drawn on a bank, or account payee bank draft, or use of electronic clearing system through a bank account, no deduction shall be allowed in respect of such expenditure in the profit and loss account.
4. Don’t donate in excess of Rs 2,000 in cash to a registered trust or political party. Not only you won’t be able to claim deductions under section 80G of the Income Tax Act for such donations, but appropriate actions would be initiated against the trust or political party for encouraging money laundering.
5. Don’t pay health insurance premiums in cash. If you make any payment in cash on account of premium on health insurance facilities, you won’t get deductions under Section 80D of the Income Tax Act.
So, it is advisable for your own good not to violate the above rules, as the Income Tax Department is seeking information regarding such violations, black money or benami transactions.
Source: financialexpress
Revision of pension/family pension of pre-2016 pensioners/family pensioners by notionally fixing pay in the pay matrix recommended by the 7th CPC – Stagnation increment
No. 38/37/2016-P&PW (A)
Government of India
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners’ Welfare
Government of India
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners’ Welfare
3rd Floor, Lok Nayak Bhawan
Khan Market, New Delhi-110 003
Dated the 21st December, 2018
Khan Market, New Delhi-110 003
Dated the 21st December, 2018
OFFICE MEMORANDUM
Sub: Revision of pension of pre-2016 pensioners – Stagnation increment regarding
2. References/representations have been received in this Department seeking clarification on the applicability of the OM dated 7.9.2016 for the purpose of notional pay fixation and revision of pension of pre-2016 pensioners and family pensioners w.e.f. 1.1.2016. The matter has been examined in consultation with the Ministry of Finance (Department of Expenditure). It is clarified that the benefit of additional increment has been granted to those officers who were serving as on 1.1.2016. Those who retired/died before 1.1.2016 are, therefore, not eligible for increment after retirement for the purpose of pension.
3. This issues with the approval of Department of Expenditure vide their I.D. No.1(3)/V-V/2018 dated 4.9.2018 and I.D. No.1(3)/V-V/2018 dated 28.11.2018
(S.K. Makkar)
Under Secretary to the Government of India
Under Secretary to the Government of India
New Settlement Rules of SEBI
21 DEC 2018
SEBI has introduced the SEBI (Settlement Proceedings) Regulations, 2018 that have been notified on 30.11.2018 and will come into effect from 01.01.2019. On the date of commencement of these Regulations the existing SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 shall stand repealed.
In pursuit of the objectives of SEBI (to protect the interests of investors in securities and to promote the development of and to regulate the securities market), as new challenges arise it is important to have a convergence or integration of the quasi-judicial processes within SEBI with the alternate dispute resolution process, to bring forth a more effective harmonized scheme to operate without any conflict and delay. The SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 introduced a mathematical and transparent system of calculating the settlement amount. However over a period of time it was noticed that there was a need for revision due to changes in securities laws, new products and increase in settlement amounts.
SEBI constituted a High Level Committee under the Chairmanship of Retd. Justice A. R. Dave (Supreme Court of India) to examine the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 and comprehensively re-work the regulations after taking into account developments in domestic and foreign jurisdictions. The SEBI (Settlement Proceedings) Regulations, 2018 provide a more effective mechanism, the essential concomitants of a legal proceeding, without compromising on deterrence or providing equitable remedies to the affected investors.
The Settlement process is an alternative enforcement process that is beneficial to the alleged defaulter, investors and the regulator. Settlement allows the enforcement proceedings to be finalized at the earliest without a long drawn litigation while ensuring that the investors' rights are protected. The SEBI (Settlement Proceedings) Regulations, 2018 inter alia provide the following:-
- Disclosure related violations are settled after making the required disclosures;
- Refund to investors is made wherever required in compliance with securities laws;
- Investors are provided the required exit or purchase option in compliance with securities laws;
Thus the SEBI (Settlement Proceedings) Regulations, 2018 are likely to make all settlements transactions relating to investors more transparent.
This was stated by Shri Pon. Radhakrishnan, Minister of State for Finance in a written reply to a question in Lok Sabha today.
Source : PIB
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