Monday, November 28, 2016

Member (Banking & HRD visits Bhadrak Division accompanied with Chief PMG, Odisha Circle

Search for higher rates ends at post offices, govt bonds

MUMBAI: Investors are rushing to lock money into post office deposits and a government bond, which are yet to cut interest rates even as banks lower deposit rates.A bank deposit now pays a maximum of 7%, while post office deposits pay 7.8% and the government bond pays 8%.

"There is a rush amongst investors to lock into longer-tenure products and where there is no announcement of rate cuts so far," said Vikram Dalal, managing director, Synergee Capital.

For retirees and other investors living on interest income from deposits, financial advisors said, the government savings bonds, which have a tenure of six years for small investors, make sense.

"There is no reinvestment risk as you can lock in at a rate as high as 8% for 6 years. It works well for those whose income is not subject to tax or who are in the marginal tax bracket," said Dalal. The minimum investments amount is Rs 1,000 and there is no ceiling on the upper limit. The bonds are issued in physical form.

"The only drawback of this product is that it is illiquid since they are not traded and cannot be encashed in an emergency.However, investors can opt to take a loan on this product, says Anup Bhaiya, MD, Money Honey Financial Services.

Interest rates on bank fixed deposits fell post demonetisation. Banks like SBI, ICICI Bank,HDFC Bank, Kotak Bank have all cut fixed deposit rates by 15-25 basis points (100 basis points is equivalent to 1%).

Post the rate cuts, a five year fixed de posit fixed de posit from State bank of Indiafetches 6.5%, while HDFC Bank gives 6.75%. Taking a cue from banks, finance companies too have lowered deposit rates. HDFC now offers 7.65% for a five-year deposit, whileGruh Finance is offering 7.5%.

"The banking system is flush with liquidityand there are not enough avenues to deploy money .Given this and expected rate cuts, fixed deposit rates could head even lower in the coming months," says Shankar S, financial planner at Credo Capital.
Source : The Economic Times

Confederation Circular dated 24.11.2016

Ref: Condn/Genl/2016-19 Dated – 24.11.2016

CHALO DELHI – CHALO PARLIAMENT

MAKE THE 15^TH DECEMBER 2016 PARLIAMENT MARCH

A HISTORIC SUCCESS

20000 CENTRAL GOVERNMENT EMPLOYEES WILL MARCH TO PARLIAMENT

1. All National Secretariat Members (office bearers)

2. Chief Executives of all affiliated organisations

3. General Secretaries of all C-O-Cs.

Dear Comrades,

Please refer to the previous circulars on the above subject. Reports so far received at CHQ shows that all affiliates and C-O-Cs are making intensive preparations for the Parliament March to ensure participation of employees as per the quota fixed by the National Secretariat meeting held on 30.09.2016.

AFFILIATES & C-O-CS IN DELHI AND NEAR BY STATES SHOULD ENSURE PARTICIAPTION OF HUNDREDS AND THOUSANDS OF EMPLOYEES.

All affiliated organisations and C-O-Cs in Delhi, Uttar Pradesh, Haryana, Punjab, Rajasthan, Himachal Pradesh, Uttarakhand, Madhya Pradesh, Chattisgarh, Bihar etc. are requested to mobilise hundreds and thousands of employees for the Parliament March.

CONDUCT CAMPAIGN PROGRAMMES

Please conduct serious campaign programmes. Print notices, posters, circulars etc. and circulate widely among employees and public. Book special conveyance. Bring maximum flags, banners and Placards. Convene your organization’s managing bodies and make effective planning for bringing maximum employees to Delhi.

ACCOMMODATION FOR PARTICIPANTS

The national Secretariat has decided that the accommodation for the participants from major organisations is to be arranged by the respective organization. For others, if accommodation is required, they are requested to contact the following CHQ office bearers (office bearers of Delhi COC).

1. Com. Vrigu Bhattacharjee 2. Com. Giriraj Singh

General Secretary, COC Delhi State President, COC Delhi State

& Financial Secretary, Confederation CHQ & Vice President Confederation CHQ

Mob: 09868520926 Mob: 09811213808

CLIMATE

Climate in Delhi in December will be cold (Sometimes severe cold). Participants may bring warm clothings.

FLAGS, BANNERS & PLACARDS

Participants are requested to bring flags, placards with slogans and banners in large number.

PUBLICITY IN LOCAL MEDIA

Maximum effort may be made to give wide publicity for the Parliament March through local print & electronic media, social media etc.

NATIONAL EXECUTIVE MEETINGS OF CONFEDERATION

National Executive Meeting of the Confederation will be held on 16^th December 2016 (next day of the Parliament March) at New Delhi at 10 AM. Venue: MP’s Club, OPP. NFPE office, North Avenue, New Delhi. All National Secretariat members, Chief Executives of all affiliated organisations (with minimum 500 membership) and General Secretaries of C-O-Cs are requested to attend the meeting without fail. Meeting will continue upto 5 PM. Please book your travel tickets accordingly.

1^ST MEETING OF THE NEWLY ELECTED WOMEN’S COMMITTEE OF CONFEDERATION

1^st Meeting of the newly elected Women’s Committee of the Confederation will be held on 15.12.2016 (Day of Parliament March) at 4 PM at New Delhi. Venue: NFPE office, 1^st Floor, North Avenue Post office building. All affiliated organisations and C-O-Cs are requested to ensure participation of the women committee members nominated by them in the meeting on 15.12.2016 at 4 PM.

Fraternally yours,

(M. Krishnan)

Secretary General

mkrishnan6854@gmail.com

Mob: 09447068125

Wednesday, November 23, 2016

Odisha won the 2nd knock-out match against Haryana by 9 wickets in the 30th All India Postal Cricket Tournament 2016 being played at Pune

Guidelines on treatment of effect of penalties on promotion — role of Departmental Promotion Committee

Click here to view

Model Recruitment Rules for the various categories of posts in the Draughtsman cadre - reg.

Click here to view

Pay Hike

Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions

23-November-2016 17:04 IST

Pay Hike

The 7th Central Pay Commission in its Report contained in Para 5.1.46 titled 'Withholding Annual Increments of Non-performers after 20 Years' has inter-alia recommended for withholding of annual increments in the case of those employees who are not able to meet the benchmark either for Modified Assured Career Progression (MACP) or a regular promotion within the first 20 years of their service. The Government of India vide Resolution No.1-2/2016-IC dated 25.7.2016 has accepted this recommendation.

This was stated by the the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh in written reply to a question by Shri Ram Charitra Nishad in the Lok Sabha today.

Clarification sought for W'dl of Rs. 2.5 Lacs for the sole purpose of Marriage - reg

From: Helpdesk CBS <helpdesk.cbs@indiapost.gov.in>

Date: 22 November 2016 at 15:33

Subject: Clarification sought for W'dl of Rs. 2.5 Lacs for the sole purpose of Marriage - reg

Dear Circle CPC's/SPOC's,

We have sought clarification regarding Withdrawal of Rs. 2.5 Lacs for the Purpose of 'Marriage Ceremony' with Directorate. As of now, it is not yet finalised and once if we receive further update on this, we will for sure pass it on to all Circle CPC's. It is requested to cascade this information to all the P.O's concerned immediately.

Thanks and Regards,

Hariharan S

HD Support Team,

CBS-CEPT, Chennai - 600 002

044 - 28411230

Employment for Disabled People

Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions

23-November-2016 17:00 IST

Employment for Disabled People

The Department of Personnel & Training collects online data about the representation of persons with disabilities in the posts/services in Central Government Departments/Ministries. As per information received from 71 Ministries/Departments, there were 16,304 persons with disabilities in the Central Government Ministries/Departments as on 01.01.2014 and 20,570 persons with disabilities as on 01.01.2015 as per information received from 59 Ministries/Departments. By virtue of Entry 9 of State List of the Constitution of India, the respective States are required to implement the provisions relating to reservation for person with disabilities in their establishments. Therefore, data on official figures of employed disabled people in the States/ Union Territories are to be maintained by them.

The Department of Empowerment of Persons with Disabilities has requested States/Union Territories from time to time to implement Section 33 of Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995 which mandates 3% reservation in vacancies for persons with disabilities in establishment. In the Conference of States/Union Territories Social Welfare Ministers/ Secretaries/Administrators in-charge of Disability affairs dealing with empowerment of persons with disabilities held on 02.06.2016, States/Union Territories were urged to draw a mechanism to have consolidated data on employment of persons with disabilities in the State establishments.

This was stated by the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh in written reply to a question by Dr. A. Sampath in the Lok Sabha today.