Immediate steps will be taken by all affiliate to Confederation of Central Government of Employees to circulate the petition to the Prime Minister on PFRDA bill. During this month copy of the petition will be handed over to each member to obtain his signature as also his family members and friends.
----------------------------------------------------------------------------------------
Stop the New Pensions Scheme and extend the statutory
defined benefit pension to all CGEs irrespective of the date of
recruitment.
The present defined benefit scheme of pension was introduced replacing the then existing contributory system. As part of the neo liberal
economic policies, the Government decided to reconvert the same into
contributory and make the fund available for the stock market
operations. It is the vagaries of the stock market which will
determine the pension returns from this fund. Before the introduction
of the PFRDA bill, the Government had set up a committee under the
chairmanship of Shri Bhattacharya, Chief Secretary of the State of
Karnataka. The bill has been drafted and presented to the Parliament
disregarding even the recommendation of the said committee to the
effect that the Govt. should consider introducing a hybrid system by
which the employees will have a defined benefit, if they choose to be
satisfied with the said return and can opt for a higher return through
stock exchange investments. The Bill could not be passed in the
Parliament as the Left Parties took the principled position that they
would not support a proposal detrimental to the interest of the
employees. Despite the non passage of the bill and the consequent
absence of a valid law to support the Pension Regulatory authority,
the Govt. has converted the existing pension scheme into a
contributory one and invested a percentage of the fund so generated
from the employees contribution in the Stock market,
Pension is earned by an employee by rendering service and therefore
there is no requirement of any payment by the employee for earning
pension. This statutory right of the employee is enforceable through
courts. The Supreme Court has declared pension as one of the
fundamental rights. The government should therefore retrace from its
avowed position, which is detrimental to the interest of the employees
and ensure that the employees recruited after 1.1.2004 is covered by
the existing statutory defined benefit scheme. The bill which was
earlier introduced in the Parliament got lapsed an d could not be
passed for want of a majority as the left parties were opposed to the
same. The Govt. has now sought and obtained the support of BJP and
other allies of the NDA. The Bill was reintroduced in the Parliament
in the last session. The introduction itself was opposed by Com.
Basudeb Acharya, M.P. and leader of the CPIM in the parliament. The
bill's introduction has to be through voting. With the support of BJP
and other parties the bill has now been introduced and would come up
for consideration at the next session of the Parliament
Monday, August 29, 2011
Friday, August 26, 2011
<>Revise wages of CGEs with effect from 1.1.2011 and every
five years thereafter<>.
It is in the context of the ever increasing prices and the inaction
on the part of the Government to tackle it for it might effect
adversely the so-called economic growth and the dearness compensation
being what it is, the National Council of the Confederation, which met
at Mumbai on 2nd Dec 2010, decided to demand the next wage revision
immediately. It also took note of the fact that the Government did
concede the demand of the workers in the Central Public Sector
Undertakings, rightly so, to revise the wages every five years (
2006-2011). In the absence of specific recommendation by the 6th CPC
over the period in which the present Pay Structure should be in
vogue, , it was the unanimous opinion emerged in the deliberations
at the National Council that the wages must be revised without further
delay. Besides, the expert body on wage revision of Civil Servants i.e
the 5th CPC had categorically stated that an interim wage revision in
the form of merger of DA with Pay must take place as and when the DA
component in wages exceeds the 50% limit. As on 1.1.2011, the DA is
51%. This apart the Council rightly noted that the Pay Band. Grade pay
system brought in the 6th CPC has created anomalies beyond correction
and had been designed and devised to benefit the personnel in
Group. A only services. In our submissions to the Government on the
6th CPC recommendations, we had categorically with facts and figures
pointed out that the wage increase will tapper off over a period
of 6-7 years and thereafter the wages would begin to compare
unfavourably with the one determined by the 5th CPC The Government
must come forward to set up an expert committee with staff-side
representatives to revise the wages of CGEs immediately.
five years thereafter<>.
It is in the context of the ever increasing prices and the inaction
on the part of the Government to tackle it for it might effect
adversely the so-called economic growth and the dearness compensation
being what it is, the National Council of the Confederation, which met
at Mumbai on 2nd Dec 2010, decided to demand the next wage revision
immediately. It also took note of the fact that the Government did
concede the demand of the workers in the Central Public Sector
Undertakings, rightly so, to revise the wages every five years (
2006-2011). In the absence of specific recommendation by the 6th CPC
over the period in which the present Pay Structure should be in
vogue, , it was the unanimous opinion emerged in the deliberations
at the National Council that the wages must be revised without further
delay. Besides, the expert body on wage revision of Civil Servants i.e
the 5th CPC had categorically stated that an interim wage revision in
the form of merger of DA with Pay must take place as and when the DA
component in wages exceeds the 50% limit. As on 1.1.2011, the DA is
51%. This apart the Council rightly noted that the Pay Band. Grade pay
system brought in the 6th CPC has created anomalies beyond correction
and had been designed and devised to benefit the personnel in
Group. A only services. In our submissions to the Government on the
6th CPC recommendations, we had categorically with facts and figures
pointed out that the wage increase will tapper off over a period
of 6-7 years and thereafter the wages would begin to compare
unfavourably with the one determined by the 5th CPC The Government
must come forward to set up an expert committee with staff-side
representatives to revise the wages of CGEs immediately.
Wednesday, August 24, 2011
SB ORDER NO. 15/2011: - Settlement of deceased claim case in respect of Sr. Citizen’s Savings Scheme account- a clarification regarding.
SB ORDER NO. 15/2011
No.79-01/2011-SB
Government of India
Ministry of Communications & IT
Department of Posts
DakBhawan, SansadMarg,
New Delhi-110116.
Dated: 18.08.2011
To
All Heads of Circles/Regions
Addl. Director General, APS, New Delhi.
Subject:- Settlement of deceased claim case in respect of Sr. Citizen’s Savings Scheme account- a clarification regarding.
Sir / Madam,
The undersigned is directed to say that a RTI query regarding settlement of deceased claim when deposit is payable to two or more nominees and either of them is dead was referred to Min. of Finance (DEA) for clarification as there is no such provision in SCSS Rules 2004.
2. The Ministry of Finance (DEA) vide its O.M. No. 15/1/2009/NS-II dated 02.08.2011 has clarified that in such a case, the deposit shall be paid to the surviving nominee.
3. It is requested that this may be circulated to all post offices for information and necessary guidance to deal with such claim cases.
4. This issues with the approval of DDG(FS).
Yours faithfully,
(KawalJit Singh)
Assistant Director (SB)
Friday, August 19, 2011
MODERNISATION OF DEPARTMENT OF POSTS
Government has approved the 'IT MODERNIZATION PROJECT' of Department of Posts for computerization of Post Offices, Mail Offices, Administrative Offices and other field offices. This will involve establishment of required IT infrastructure, development of required software applications with an outlay of Rs.1877.2 crore. The project has the following salient features:
• It will establish IT infrastructure of Data Centre and Disaster Recovery Centre and networking of all Departmental Post Offices including appropriate connectivity in the Branch Post Offices in the rural area.
• The project envisages development of integrated modular scalable applications for Mail, kBanking, Postal Life Insurance, solutions for Accounts and HR operations of the department.
• The rural post offices will be provided with rural ICT devices with required applications for performing Postal, Savings Bank, Insurance, MGNREGS and Money Order operations.
• Provision has been made for training, change management, capacity building of the employees of the department along with Project Management activity for smooth and timely implementation of the project.
It is planned to network all Departmental Post Offices and Branch Post Offices in the country subject to availability of connectivity and resources under the "India Post Technology Project-2012".
The departmental Post Offices are proposed to be networked with appropriate connectivity. Branch Post Offices located in rural areas are proposed to be networked using available connectivity at these locations. The rural ICT Devices in the Branch Post Offices will have the capacity to work in both online/offline mode. The IT project is expected to be implemented by 2012-13 subject to the availability of funds.
This information was given by Shri Sachin Pilot, the Minister of State for Communications and Information Technology in written reply to a question in Lok Sabha today.
Source: PIB
Government has approved the 'IT MODERNIZATION PROJECT' of Department of Posts for computerization of Post Offices, Mail Offices, Administrative Offices and other field offices. This will involve establishment of required IT infrastructure, development of required software applications with an outlay of Rs.1877.2 crore. The project has the following salient features:
• It will establish IT infrastructure of Data Centre and Disaster Recovery Centre and networking of all Departmental Post Offices including appropriate connectivity in the Branch Post Offices in the rural area.
• The project envisages development of integrated modular scalable applications for Mail, kBanking, Postal Life Insurance, solutions for Accounts and HR operations of the department.
• The rural post offices will be provided with rural ICT devices with required applications for performing Postal, Savings Bank, Insurance, MGNREGS and Money Order operations.
• Provision has been made for training, change management, capacity building of the employees of the department along with Project Management activity for smooth and timely implementation of the project.
It is planned to network all Departmental Post Offices and Branch Post Offices in the country subject to availability of connectivity and resources under the "India Post Technology Project-2012".
The departmental Post Offices are proposed to be networked with appropriate connectivity. Branch Post Offices located in rural areas are proposed to be networked using available connectivity at these locations. The rural ICT Devices in the Branch Post Offices will have the capacity to work in both online/offline mode. The IT project is expected to be implemented by 2012-13 subject to the availability of funds.
This information was given by Shri Sachin Pilot, the Minister of State for Communications and Information Technology in written reply to a question in Lok Sabha today.
Source: PIB
Sunday, August 14, 2011
Saturday, August 13, 2011
Saturday, August 13, 2011Small Savings Accounts in Post Offices
The number of operational small savings accounts in the Department of Post as on 30/6/2011 are 264585266 and the amount deposited therein by the common man as on June 2011 is 3728154388 (Rs in thousands)
The number of accounts closed by customers during the last one year is 40950379.
The collections under all small savings schemes are credited to National Small Savings Fund (NSSF) and the opening balance as per Budget Estimates 2011-12 is Rs. 7,99,386.51 crore.
The small savings schemes continue to enjoy investor confidence as the risk-return equation of these schemes is favourable with the benefits of liquidity, accessibility, tax incentives and implicit sovereign guarantee. The Government has taken the following steps to make the small savings schemes more attractive and investor friendly:-
The restriction on opening of more than one account during a calendar month under the Senior Citizens Savings Scheme has been removed with effect from 24th May, 2007.
All categories of pensioners have been allowed to open and maintain ‘Pension Account’ under Post Office Savings Account Rules, with effect from 11th July, 2007.
The penalty on pre-mature withdrawal of deposits under the Post Office Monthly Income Account (POMIA) scheme has been rationalised from 3.5% to 2% on withdrawal on or before expiry of three years and 1% on withdrawal after expiry of three years.
The maximum deposit ceilings of Rs. 3.00 lakh and Rs. 6.00 lakh under the Post Office Monthly Income Account (POMIA) scheme has been raised to Rs. 4.5 lakh and Rs. 9.00 lakh in respect of single and joint accounts respectively.
Bonus at the rate of 5 per cent on the deposits made under Post Office Monthly Income Account (POMIA) Scheme on or after 8th December, 2007 upon the maturity of the deposit had been reintroduced.
The benefit of Section 80C of the Income Tax Act, 1961 has been extended to the investments made under 5-Year Post Office Time Deposits Account and Senior Citizens Savings Scheme, with effect from 1.4.2007.
A website of the National Savings Institute under Government of India, Ministry of Finance has also been launched to facilitate interface with the public through wider dissemination of information on small savings and on-line registration and settlement of investors grievances. The website address is nsiindia.gov.in.
This statement was given by Shri Sachin Pilot, the Minister of State Communication and Information Technology in response to a question in Rajya Sabha today.
Posted by AIPEU P3 CHQ at 12:14 PM 0 comments
The number of operational small savings accounts in the Department of Post as on 30/6/2011 are 264585266 and the amount deposited therein by the common man as on June 2011 is 3728154388 (Rs in thousands)
The number of accounts closed by customers during the last one year is 40950379.
The collections under all small savings schemes are credited to National Small Savings Fund (NSSF) and the opening balance as per Budget Estimates 2011-12 is Rs. 7,99,386.51 crore.
The small savings schemes continue to enjoy investor confidence as the risk-return equation of these schemes is favourable with the benefits of liquidity, accessibility, tax incentives and implicit sovereign guarantee. The Government has taken the following steps to make the small savings schemes more attractive and investor friendly:-
The restriction on opening of more than one account during a calendar month under the Senior Citizens Savings Scheme has been removed with effect from 24th May, 2007.
All categories of pensioners have been allowed to open and maintain ‘Pension Account’ under Post Office Savings Account Rules, with effect from 11th July, 2007.
The penalty on pre-mature withdrawal of deposits under the Post Office Monthly Income Account (POMIA) scheme has been rationalised from 3.5% to 2% on withdrawal on or before expiry of three years and 1% on withdrawal after expiry of three years.
The maximum deposit ceilings of Rs. 3.00 lakh and Rs. 6.00 lakh under the Post Office Monthly Income Account (POMIA) scheme has been raised to Rs. 4.5 lakh and Rs. 9.00 lakh in respect of single and joint accounts respectively.
Bonus at the rate of 5 per cent on the deposits made under Post Office Monthly Income Account (POMIA) Scheme on or after 8th December, 2007 upon the maturity of the deposit had been reintroduced.
The benefit of Section 80C of the Income Tax Act, 1961 has been extended to the investments made under 5-Year Post Office Time Deposits Account and Senior Citizens Savings Scheme, with effect from 1.4.2007.
A website of the National Savings Institute under Government of India, Ministry of Finance has also been launched to facilitate interface with the public through wider dissemination of information on small savings and on-line registration and settlement of investors grievances. The website address is nsiindia.gov.in.
This statement was given by Shri Sachin Pilot, the Minister of State Communication and Information Technology in response to a question in Rajya Sabha today.
Posted by AIPEU P3 CHQ at 12:14 PM 0 comments
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