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Tuesday, September 29, 2015
CBS GO LIVE OF TALCHER THERMAL SO UNDER ANGUL HO OF DHENKANAL DIVISION ON 28.09.2015
CBS GO LIVE OF TALCHER THERMAL SO ON 28.09.2015
CBS GO LIVE OF KOSALA SO UNDER ANGUL HO OF DHENKANAL DIVISION ON 28.09.2015
CBS GO LIVE OF KOSALA SO ON 28.09.2015
Saturday, September 26, 2015
PFRDA pitches for investing 50% pension funds in stock market
Currently, the proposal is lying with the government for consideration and PRFDA is actively following it, he said.
Contractor said it is one of the recommendations of the G N Bajpai committee stating the investment of pension funds into stocks market should be enhanced. Pension fund regulator PRFDA Wednesday asked the Centre to raise the limit of government employees' pension funds in the stock market up to 50 percent.
The pension funds under PFRDA is allowed to invest only up to 15 percent of the corpus into stocks market. "We want that state and central government employees should be allowed to invest more in equity. They should also get the same exposure to the stock market as the employees of private sector get which is at 50 percent," PFRDA Chairman Hemant G Contractor said today.
Currently, the proposal is lying with the government for consideration and PRFDA is actively following it, he said. Contractor said it is one of the recommendations of the G N Bajpai committee stating the investment of pension funds into stocks market should be enhanced.
Pension Fund Regulatory and Development Authority (PFRDA) had set up an expert panel under the chairmanship of ex-Sebi chief G N Bajpai to review investment guidelines for national pension system (NPS) schemes in private sector. On the rationale behind the proposal, the Chairman said equity in the long run is always better performing than other instruments.
The committee has recommended diversifying investment portfolio of NPS scheme into private equity and venture capital funds. PFRDA regulates NPS, which is subscribed by employees of both central and state governments, besides private institutions and unorganised sectors. At present, NPS funds can be invested in government securities, corporate bonds and equities.
The Centre had introduced the New Pension System (NPS) in January 2004. Total assets managed under NPS are about Rs 82,000 crore, while the private sector's contribution is just Rs 5,000 crore.
Source: http://www.moneycontrol.com/news/current-affairs/pfrda-pitches-for-investing-50-pension-fundsstock-mkt_3109961.html?utm_source=ref_article
Contractor said it is one of the recommendations of the G N Bajpai committee stating the investment of pension funds into stocks market should be enhanced. Pension fund regulator PRFDA Wednesday asked the Centre to raise the limit of government employees' pension funds in the stock market up to 50 percent.
The pension funds under PFRDA is allowed to invest only up to 15 percent of the corpus into stocks market. "We want that state and central government employees should be allowed to invest more in equity. They should also get the same exposure to the stock market as the employees of private sector get which is at 50 percent," PFRDA Chairman Hemant G Contractor said today.
Currently, the proposal is lying with the government for consideration and PRFDA is actively following it, he said. Contractor said it is one of the recommendations of the G N Bajpai committee stating the investment of pension funds into stocks market should be enhanced.
Pension Fund Regulatory and Development Authority (PFRDA) had set up an expert panel under the chairmanship of ex-Sebi chief G N Bajpai to review investment guidelines for national pension system (NPS) schemes in private sector. On the rationale behind the proposal, the Chairman said equity in the long run is always better performing than other instruments.
The committee has recommended diversifying investment portfolio of NPS scheme into private equity and venture capital funds. PFRDA regulates NPS, which is subscribed by employees of both central and state governments, besides private institutions and unorganised sectors. At present, NPS funds can be invested in government securities, corporate bonds and equities.
The Centre had introduced the New Pension System (NPS) in January 2004. Total assets managed under NPS are about Rs 82,000 crore, while the private sector's contribution is just Rs 5,000 crore.
Source: http://www.moneycontrol.com/news/current-affairs/pfrda-pitches-for-investing-50-pension-fundsstock-mkt_3109961.html?utm_source=ref_article
"BOSS" is coming- India's own operating system
Centre for Development of Advanced Computing has announced the launch of BOSS-Bharat Operating Systems Solutions, a Linux based operating system GNU/Linux version 3.0 in 18 languages, reports The Hindu.
The OS is equipped with Bluetooth for short-range communications and has features such as RSS feed reader and PDF viewer to edit. BOSS GNU/Linux is a key deliverable of the National Resource Centre for free/open source software (NRCFOSS).
M. R. Rajagopalan, Director, C-DAC, said BOSS being a free software, would help reduce the IT spends and would be most beneficial to the end-users and the organizations that adopted this software.
S. Ramakrishnan, Director General, C-DAC, said several State Governments had recognized the advantages of using open source software. C-DAC had also entered into a pact with National Informatics Centre and State Governments of Tamil Nadu, Chhattisgarh, Kerala and Bihar for deploying BOSS for their e-governance projects.
He also said that the positive response from the government organizations has encouraged them to initiate 3-tier support centre and also has plans to extend the support to its customers via a 24x7 help desk.
The Chennai centre is working on developing a SaaS (Software as a Service) delivery stack based on model driven architecture. Besides, it has taken up the initiative in cloud computing by setting up a laboratory. C-DAC is also aiming to broaden the facility of its data centre to government organizations.
We Won’t Allow Government to Privatize Railways :AIRF
We Won’t Allow Government to Privatize Railways – “If the government fails to meet our demands at the earliest, we will stage an indefinite protest from November 23. If we protest, the government will incur huge losses as the whole country will be paralyzed and the country’s economy will be disturbed. So the central government must attend to employees’ problems”, AIRF.
We all know that the Government is finding ways and means to privatize the Railways, step by step. However, the move has met strict opposition from All India Railwaymen’s Federation (AIRF).
Mr.Shiva Gopal Mishra, general secretary of All India Railwaymen’s Federation said, “Due to outsourcing of unskilled workers by contractors, many train accidents are being reported in recent times. Hence, the government should stop outsourcing and focus on recruiting permanent employees. Besides averting accidents, this will also save precious lives”. He added, ““The nationalcouncil meeting, which should be held thrice a year, has not been convened by the government in the last five-and-a-half-years”.
He further added, “In spite of repeated representations, the government has failed to take any measure in this regard. Before coming to power, the NDA government had promised a lot of labourwelfare schemes. But in reality, it is coming out with various anti-labour policies. It should immediately take measures to fill up all vacant posts. There are nearly 2.50 lakh vacant posts in the railways. Instead of outsourcing, which is posing risk to commuters, the railways should recruit permanent staff at the earliest. Our major demand is scrapping the new pension scheme, removing bonus ceiling and not considering privatization, PPP or FDI in the railways and defence and non-corporatization of postal services. We also came to know that to privatize some of the sectors in the railways, the PM’s office has formed a committee. We will intensify our protest if they privatize the railways,We Won’t Allow Government to Privatize Railways. ”
“Since 1976, our approach has always been professional in nature. But if the government fails to meet our demands at the earliest, we will stage an indefinite protest from November 23. If weprotest, the government will incur huge losses as the whole country will be paralyzed and the country’s economy will be disturbed. So the central government must attend to employees’ problems,” Mishra added.
SWRMU general secretary A M D Cruz said, “The central government has been anti-labour,especially against the railways. The railways will suffer if FDI is implemented. So the governmentshould not encourage FDI in the interest of people.”
Finacle Solution Adndroid App update 3.0.2
Finacle Solution Android App Update 3.0.2 is released on 21.09.2015. It is upgraded with more features. Now it can work both online and offline base. It is filled with all Finacle command. The process of using command is also given in this App. It can easily install in android and work better than previous version.
Updated Features:-
- Upgrade Look & Feel
- Improved Icons
- Finacle Live
- All Finacle Menu
- The process of Using Finacle Menu
- Added Icon of G+ and Facebook
- Bug Fix
Compulsory Retirement to Central Government Employees on the Basis of their Efficiency - A Difficult Task for the Government….
Compulsory Retirement to Central Government Employees on the Basis of their Efficiency - A Difficult Task for the Government….
Recently, the Central Government had issued an order (No.25013/01/2013-Estt.A-IV) regarding strengthening of administration by executing compulsory retirement to the central government employees who are found to be inefficient, incapable or unable to fulfill the targets set by their higher authorities, after completing certain years of service.
The order brought panic among employees and questions arise how to identify those employees who are given compulsory retirement. The order was issued on the basis of CCS (Pension) Rule 56 (j) and Rule 48 which explains the above points. The government had clarified that if the order comes into effect, it won’t be treated as a punishment to the employees.
Article 311 of the Constitution of India says that the government should ensure security to an employee. As per the Rule, an employee should be well informed of any actions to be taken against him and be to given opportunity to explain on his part. But this rule is not applicable to criminal offences or against the security of the country.
The order which was released by DOPT, with some Supreme Court orders was a little bit strong than the previous ones. But it will not be an easy exercise for the government to implement the order as it has to face strong opposition from the employees, Trade Unions and Federations.
To analyze and determine employees’ efficiency was always a headache for the government. In the 6th CPC, the commission recommended special yearly increment to 20% of the central government employees in each department for outstanding performance on their field. But no such appreciations had happened so far in any of the departments.
Let us wait and see what will happen next….!
Differences & Similarities Between PMSBY & PMJJBY
The two social security schemes – Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) which were launched recently under Jan Suraksha Yojana has been overwhelming. The number of accounts opened under both these schemes has been over 5 crore. Although both these schemes are different yet simple to understand, there are few differences and similarities as displayed in the table below:
FEATURES | PRADHAN MANTRI SURAKSHA BIMA YOJANA (PMSBY) | PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA (PMJJBY) |
---|---|---|
Insurance cover offered for | Accidental death/disability/accidental injury | Death due to any reason |
Annual Premium | Rs. 12 | Rs. 330 |
Sum Assured | 1) Rs. 2,00,000 (for accidental death) 2) Rs. 1,00,000 (for partial disability) | Rs. 2,00,000 for death due to any reason (natural/accidental) |
Eligibility | Savings bank account is must | Savings bank account is must |
Insurance period | 01st June - 31st May (Every year) | 01st June - 31st May (Every year) |
Can one person opt for same policy more than once in same/different banks | No | No |
Eligibility - Age limit | 18-70 Years | 18-50 Years |
Till what age premium has to be paid | 70 years | 50 years. But you can continue till 55 years, provided premium is paid every year |
Payment Mode | Auto debit from the bank account | Auto debit from the bank account |
From where to buy the insurance | Public and private banks wherever you hold savings bank account | Public and private banks wherever you hold savings bank account |
Documents required | None. You just need to fill application form once | None. You just need to fill application form once |
Can anyone buy this policy | Yes. Anyone can buy irrespective of the income earned | Yes. Anyone can buy irrespective of the income earned |
Is money refunded if claim is not made | No | No |
Is the premium paid tax free | Yes | Yes |
Who will receive the money in case of policy holder's death | Nominee | Nominee |
If you do not premium, will the policy lapse | No | No |
Can you rejoin the scheme if you leave the scheme | Yes | Yes |
So as you can see with low premium comes low claim amount. But still everyone should buy these policies especially poor people who cannot afford high premiums asked by other insurance companies in the market. In case of your absence, your family member will can benefit from this money, although small.
In India, above 70% people do not have any insurance policy. Considering the situation, these two schemes were launched
Courtesy : http://www.allonmoney.com/
7th पे कमीशन में तीन गुना तक बढ़ सकती है केंद्रीय कर्मचारियों की सैलरी: दैनिक भास्कर
7वें वेतन आयोग ने सिफारिशें केंद्र को सौंपी- प्रमुख हिंदी समाचार पत्र दैनिक भास्कर ने दावा किया है कि वेतन आयोग की रिपोर्ट की प्रति उसके पास उपलब्ध है। समाचार पत्र ने दावा किया है कि 31 दिसंबर तक इन पर आखिरी फैसला होगा। केंद्र सरकार ने हाल ही में 7वें वेतन आयोग के समय में 4 महीने विस्तार दिया है।
7th पे कमीशन में तीन गुना तक बढ़ सकती है केंद्रीय कर्मचारियों की सैलरी: दैनिक भास्कर
रायपुर/नई दिल्ली. Sep 23, 2015 7th पे कमीशन ने केंद्र सरकार को सिफारिशें सौंप दी हैं। 31 दिसंबर तक इन पर आखिरी फैसला होगा। जरूरी हुआ तो कुछ बदलाव भी संभव है। इसके बाद इसे वित्त विभाग को भेजा जाएगा। नए वेतन आयोग में आईएएस, आईपीएस व आईआरएस अफसरों के वेतन में एकरूपता का प्रस्ताव है। साथ ही अफसरों-कर्मचारियों के वेतन को तीन गुना तक बढ़ाने का भी प्रस्ताव है।
आयोग के अध्यक्ष अशोक कुमार माथुर, सचिव मीना अग्रवाल व सदस्य डॉ. राथिन राय व विवेक राक ने ये रिपोर्ट तैयार की है। रिपोर्ट की सिफारिशों के अनुसार इस समय कर्मचारियों के 32 पे-बैंड हैं। इसके अलावा भारत सरकार के सचिव तथा कैबिनेट सचिव के अलग से पे-बैंड हैं। इन्हें घटाकर 13 किए जाने का प्रस्ताव है। पे-बैंड कम हो जाने से आईएएस, आईपीएस और आईआरएस के पे-बैंड एक समान हो जाएंगे। एक रूपता आने से आईपीएस व आईआरएस की यह शिकायत दूर हो जाएगी कि उन्हें आईएएस से कम वेतन मिलता है।
बच्चों को एजुकेशन अलाउंस
> केंद्रीय कर्मचारियों के कक्षा पहली से दसवीं तक के बच्चों को 40 रुपए और 11वीं व 12वीं के बच्चों को हर महीने 50 रुपए शिक्षा भत्ता देने का प्रस्ताव।
> बच्चा विकलांग या मानसिक रूप से अक्षम है तो 100 रुपए शिक्षा भत्ता मिलेगा। बच्चा माता-पिता के साथ न रहकर दूसरी जगह रह रहा है तो भी उसे सौ रुपए देने का प्रस्ताव।
> बच्चा हाॅस्टल में है तो अलग से हर माह 300 रुपए मिलेंगे। शर्त यह है कि जो बच्चे 1987 के पहले पैदा हुए हैं उनमें तीन संतान और 1987 के बाद संतान हुई है तो दो बच्चों को ही यह सुविधा मिलेगी।
नए पे-बैंड में क्या है खास
> ग्रेड बी और सी के लिए एक-एक रनिंग पे-बैंड।
> ग्रुप ए के पदों के लिए दो रनिंग पे-बैंड होंगे।
> केंद्रीय सचिव व कैबिनेट सचिव के लिए अलग स्केल देने का प्रस्ताव।
> पे-बैंड में एक के लिए कम से कम पे स्केल 21, 200 रु. सचिव के लिए कम से कम 2 लाख रु तक करने की सिफारिश।
नोट: एस 31 से 36 जो 6ठवें वेतन आयोग में था जिसमें केंद्र के ज्वाइंट सेक्रेटरी, एडिशनल सेक्रेटरी व केबिनेट सेक्रेटरी शामिल थे विलोप कर दिया गया।
Income Tax Dept Employees Announce Strike
Income Tax Dept Employees Announce Strike – “While the government has given a target
to us to bring 10 million assessees into the tax net this fiscal, there are no infrastructure
facilities such as computers etc. In fact, we are facing severe staff crunch. The target
cannot be met in the current scenario,” said Kanojia.
Two major associations of Income Tax department employees on Wednesday declared they have slowed down the work of revenue collection and threatened to stop all work on this front if their service-related demands are not met by early next month. The officials claimed their agitation would make the government fail to meet income-tax targets for the current financial year.
The two prominent groups– Income Tax Employees Federation (ITEF) and Income Tax Gazetted Officers’ Association (ITGOA)– claim to represent about 97% of the department’s workforce and have informed the apex-policy making body of the I-T, the CBDT. They have threatened to go on a half-day strike on October 1 and then on a full-day strike on October 8. Thereafter, they plan to stop searches and surveys if their demands are not met.
“We have stopped reporting to our seniors beginning today and we have also informed the CBDT that we are not going to be a part of government’s latest initiative of widening the tax based which aims to include about 25 lakh new assessees every month,” ITGOA President Ajay Goyal said during a press conference here.
ITEF President Ashok K Kanojia said their major demands of not getting due promotions in the ranks of Income Tax Officer (ITO) and Assistant and Deputy Commissioner of I-T, lack of work space and infrastructure are some of the major demands which are not being met by the CBDT and the government over the last two years and hence they have resorted to this boycott.
“On one hand the CBDT has promised to the government that the department will add about 1 crore new assessees this fiscal but at the same time there are huge number of vacancies in the cutting-edge and ground-level workforce of the tax department. We feel that as the revenue collection target was missed last year, it will be missed this time too,” Kanojia said.
The government is targeting a direct tax collection, which includes income tax and corporate tax, of approximately Rs 8 lakh crore in 2015-16, a growth of 13.24 per cent over that of the revised estimates of the previous financial year. It has collected 34.2 per cent of the Budget target till July.
“While the government has given a target to us to bring 10 million assessees into the tax net this fiscal, there are no infrastructure facilities such as computers etc. In fact, we are facing severe staff crunch. The target cannot be met in the current scenario,” said Kanojia. In 2013, the Cabinet had cleared a proposal to create 20,750 additional posts in the I-T department , including revenue service officers, he said.
“But the government has failed miserably to fulfil its promise and to provide necessary infrastructure to its workforce in the past two financial years since 2013, owing to delay in implementation of the cadre restructuring proposal,” he added.
The associations, in their memorandum to the CBDT, said they have stopped work related to cases of “verification and scrutiny assessments” and that related to widening of tax base from September 9 itself.
Source: Business Standard