Annual Review of selected Post Offices offering IMTS by Western Union

Government to issue Sovereign Gold Bonds 2016 -17 – Series IV

Press Information Bureau
Government of India
Ministry of Finance

23-February-2017 11:15 IST

Government to issue Sovereign Gold Bonds 2016 -17 – Series IV; Applications for the bond to be accepted from February 27, 2017 to March 03, 2017

Government of India, in consultation with the Reserve Bank of India(RBI), has decided to issue Sovereign Gold Bonds 2016-17–Series IV. Applications for the bond will be accepted from February 27, 2017 to March 03, 2017. The Bonds will be issued on March 17, 2017. The Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange.

The features of the Bond are given below:

Sl. No.	Item	Details
1	Product name	Sovereign Gold Bond 2016-17 – Series IV
2	Issuance	To be issued by Reserve Bank India on behalf of the Government of India.
3	Eligibility	The Bonds will be restricted for sale to resident Indian entities including individuals, HUFs, Trusts, Universities and Charitable Institutions.
4	Denomination	The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
5	Tenor	The tenor of the Bond will be for a period of 8 years with exit option from 5th year to be exercised on the interest payment dates.
6	Minimum size	Minimum permissible investment will be 1 grams of gold.
7	Maximum limit	The maximum amount subscribed by an entity will not be more than 500 grams per person per fiscal year (April-March). A self-declaration to this effect will be obtained.
8	Joint holder	In case of joint holding, the investment limit of 500 grams will be applied to the first applicant only.
9	Issue price	Price of Bond will be fixed in Indian Rupees on the basis of simple average of closing price of gold of 999 purity published by the India Bullion and Jewellers Association Limited for the week (Monday to Friday) preceding the subscription period. The issue price of the Gold Bonds will be ` 50 per gram less than the nominal value.
10	Payment option	Payment for the Bonds will be through cash payment (upto a maximum of Rs. 20,000) or demand draft or cheque or electronic banking.
11	Issuance form	The Gold Bonds will be issued as Government of India Stocks under GS Act, 2006. The investors will be issued a Holding Certificate for the same. The Bonds are eligible for conversion into demat form.
12	Redemption price	The redemption price will be in Indian Rupees based on previous week’s (Monday-Friday) simple average of closing price of gold of 999 purity published by IBJA.
13	Sales channel	Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices as may be notified and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange, either directly or through agents.
14	Interest rate	The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value.
15	Collateral	Bonds can be used as collateral for loans. The loan-to-value (LTV) ratio is to be set equal to ordinary gold loan mandated by the Reserve Bank from time to time.
16	KYC Documentation	Know-your-customer (KYC) norms will be the same as that for purchase of physical gold. KYC documents such as Voter ID, Aadhaar card/PAN or TAN /Passport will be required.
17	Tax treatment	The interest on Gold Bonds shall be taxable as per the provision of Income Tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond
18	Tradability	Bonds will be tradable on stock exchanges within a fortnight of the issuance on a date as notified by the RBI.
19	SLR eligibility	The Bonds will be eligible for Statutory Liquidity Ratio purposes.
20	Commission	Commission for distribution of the bond shall be paid at the rate of 1% of the total subscription received  by  the  receiving offices and receiving offices shall share at least 50% of the commission so received with the agents or sub agents for the business procured through them.

Admissibility of Deputation (Duty) Allowance while on deputation - regarding.

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Central Government Introduced Free Anti-Virus for PC and Mobile

Central Government Introduced Free Anti-Virus for PC and Mobile



Ministry of Electronics and Information Technology (MeitY) launches Cyber Swachhta Kendra – Botnet Cleaning and Malware Analysis Centre

Extending the ‘Swachh Bharat’ campaign to the cyber world, the Minister of Electronics and Information Technology, Shri. Ravi Shankar Prasad, today launched the Cyber Swachhta Kendra–Botnet Cleaning and Malware Analysis Centre for analysis of malware and botnets that affect networks and systems. This is a part of MeitY’s Digital India initiative aimed at creating a secure cyber space by detecting botnet infections in India and to notify, enable cleaning and securing systems of end-users to prevent further infections. The centre is operated by the Indian Computer Emergency Response Team (CERT-In).The Centre aims to enhance coordination between the Government and industry in order to encourage cyber hygiene among all end-users and to create a secure and safe internet ecosystem in India.

Speaking on the occasion, Mr. Ravi Shankar Prasad, Hon’ble Minister of Electronics and Information Technology said, “India is going to take a lead in the digitization process of the world. India today joined the distinguished club of countries that have malware cleaning systems for the use of its citizens. As of now, we have 13 Banks & internet service providers using this facility. With the expanding digital footprint in the country, I see a surge in start-ups in the area of cyber security by the end of the year”

“With the expanding role of Information and Communication technology across sectors and growth in volume of transactions and data exchange via internet, Cyber Security as reiterated by Hon’ble Prime Minister, has emerged as the most critical factor when we move towards Digital India. Combating cyber threats is not something that can be done just by the government or an organisation or an individual alone. It requires a partnership approach. This centre being launched today will work in coordination with the Internet Service Providers and Industry. This Kendra will also enhance awareness among citizens regarding botnet and malware infection along with measures to be taken to secure their devices”, added Shri Ravi Shankar Prasad.

The Hon’ble Minister made the following announcement at the launch of Cyber Swachhta Kendra:

The National Cyber Coordination Centre to be operational by June 2017

Sectoral CERTs to be created, that would operate under CERT-In

CERTs are to be set up in the state level as well

10 more STQC (Standardisation Testing and Quality Certification) Testing Facilities to be set up

Testing fee for any star-up that comes up with a digital technology in the quest of cyber security, to be reduced by 50%

Empower designated Forensic Labs to work as the certified authority to establish cyber crime

The Centre will operate in close co-ordination and collaboration with Internet Service Providers (ISP) and Anti-Virus companies. Whenever an infection is detected, the Centre will send alerts on the infected IP addresses to the Internet Service Providers, who in turn will inform the end-user about the malware and botnet infections on their system. The Centre will also work in close collaboration with the Banks to detect malware infections in their banking network and enable remedial actions. The launch of the Centre will help the Internet service providers and the banks to keep their networks clean and prevent cases of cyber fraud and theft.

Ms. Aruna Sundararajan, Secretary, Ministry of Electronics and Information Technology said, “With the increased penetration of ICT infrastructure in our country, the threat of cyber security has become more serious and visible. Today, the common man is confronted with hacking, spamming, malware and loss of data, yet public awareness about these issues and how to protect themselves is extremely low. There is a need to collaborate and come forth with solutions like the Cyber Swachhta Kendra in order to ensure a safe and secure cyber world for the citizens of India.”

With the growth in digitalization and proliferation of broadband and mobile internet, security of end users’ systems is vital for enhancing their trust in ICT and online transactions. User information from the computer and the mobile devices can be compromised if systems get affected with Bots. Users therefore need to practice a rigid cyber hygiene regimen to prevent malware infections on their systems and to ensure security of their systems through suitable anti-malware tools. The Cyber Swachhta Kendra will provide free tools for detection and removal of malicious programmes. More than 3500 users have currently downloaded and tried the free bot removal tools till date. The end-user can log on to the Cyber Swachhta Kendra Portal (www.cyberswachhtakendra.gov.in) and clean their systems using the free cleaning tools. Users can also educate themselves about the various cyber threats and get information on the security tips in order to secure their computers, mobiles and prevent infections in their systems.

Given below are details of some of the tools released for citizens:

USB Pratirodh -A desktop security solution, which protects from USB mass storage device threats.

AppSamvid – A desktop solution which protects systems by allowing installation of genuine applications through white listing. This helps in preventing threats from malicious applications.

M-Kavach – An indigenously developed solution to address the security threats in mobiles.

For downloading the free bot & malware removal tools, please visit: (www.cyberswachhtakendra.gov.in)

Source: PIB News

Disbursement of salary for the month of February 2017 on 27th February 2017 on account of nation-wide bank strike on 28th February 2017.

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LSG Memo after Cadre Restrucrturing Released by Odisha Circle

After cadre restructuring,Odisha circle released the LSG memo for all the eligible staffs of PA cadre.
Posting orders will be issued by the concerned region.
Odisha has become the First Circle to implement LSG after cadre restructuring.

Last year Odisha circle also released and implemented the cadre restructuring memo of HSG-1(NFG).

IMPACT OF CONFEDERATION"S ONE DAY STRIKE ON 16.03.2017

Govt of India has acknowledged the strike notice and charter of demands submitted by Confederation of Central Govt Employees & Workers and issued directions to all concerned Ministries to take appropriate action. Letters received from Govt is given below.


M.KRISHNAN
Secretary General Confederation
Mob & WhatsApp: 09447068125.

Email : mkrishnan6854@gmail.com

List of approved candidates for engagement as GDS on compassionate ground in Odisha Circle.

List of approved candidates for engagement as GDS on compassionate ground in Odisha Circle 

 

 

Divisional Working Committee-Cum-Strike Campaign Meeting ( for one day strike on 16.03.2017) conducted successfully by AIPEU, Group-C, Sambalpur Division on 19.02.2017

Felicitation to Com R C Mishra, Ex-Circle Secretary (Retired) and Release of Postal Treasure, 3rd Edition by Samblapur Division were two important aspects of the meeting.


Unanimous resolution to make successful the forthcoming one day strike on 16.03.2017


Com. Trilochan Parida, President, AIPEU, Group-C, Odisha Circle addressed the gathering among others.


Presided by Com. P C Rout Divisional President, AIPEU, Group-C, Sambalpur Division

Release of Postal Treasure, 3rd Edition by distinguished guests



Felicitation to Com. R C Mishra, Ex-Circle Secretary (Retired) by Sambalpur Division

Recruitment of Drivers[Ordinary Grade-III] regarding

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