Tuesday, April 25, 2017

INTERNET ACRONYMS

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(SOURCE- FROM F/B A/C OF BHAGYALAXMI)

Friday, April 21, 2017

RS.5,000 CRORE PACKAGE FOR CENTRE'S PENSIONERS AFTER MCD POLLS

NEW DELHI: The government is set to clear a Rs 5,000 crore package for pensioners after Sunday’s municipal elections in the capital to address their concerns related to the award of the 7th pay commission for central government employees and seniors.
The revised pension will be taken up by the Union cabinet along with three-four issues related to the pay of central government employees, even as a committee headed by Finance Secretary Ashok Lavasa finalises its recommendations for allowances for government employees, including an increase in the house rent allowance (HRA). The panel is expected to submit its recommendations next week but there are indications that the change in allowances may not take place immediately.
“The revised pension scheme has been finalised and the government has postponed a decision due to the code of conduct for Delhi municipal elections. The cabinet may clear it next week,” said a source, who did not wish to be identified.
The pay panel had recommended an increment-linked pension formula along with the option for multiplying the pension based on the six pay commission’s recommendations by 2.57. To quickly implement the suggestions, the government opted for the second option as the increment-linked pension model was seen to be difficult to implement. This has created a situation where those who retired by December 31, 2015 are receiving a lower pension compared to someone who retired a month later. For instance, someone who retired as a secretary before January 2016 is getting a pension of Rs 1.02 lakh compared to Rs 1.12 lakh for someone who retired at the end of the month.
Now, the government is looking at two options — one is to move to a new “modified parity-plus” formula, which links the pension to the salary drawn by someone who is at the same rank. The other is a formula based on the multiple of the sixth pay commission-based pension. A sources said the factor of 2.57 is also being changed to make the pension more attractive. “Basically, there will be two options for a pensioner and the formula that ensures a higher payout to the seniors will be given,” explained a source.
(SOURCE- http://www.govemployees.in/2017/04/21/rs-5000-crore-package-for-centres-pensioners-after-mcd-polls/ )

MCD चुनावों के बाद पेंशनरों के लिए जारी होगा 5,000 करोड़ का पैकेज

सिद्धार्थ, नई दिल्ली
दिल्ली में रविवार को होने वाले एमसीडी चुनाव के बाद सरकार पेंशनरों के लिए 5,000 करोड़ रुपये के पैकेज को मंजूरी दे सकती है।सरकार 7वें पे कमिशन से जुड़ी चिंताओं को दूर करते हुए केंद्रीय कर्मचारियों और वरिष्ठ नागरिकों के लिए यह कदम उठाने की तैयारी में है। संशोधित पेंशन के मसले को केंद्रीय कैबिनेट के समक्ष पेश किया जाएगा, इसके अलावा केंद्रीय कर्मियों से जुड़े 3 से 4 अन्य मुद्दों पर भी चर्चा होगी। इससे पहले वित्त सचिव अशोक लवासा की अध्यक्षता वाली कमिटी भी सरकारी एंप्लॉयीज के लिए अलाउंसेज को मंजूरी दे चुकी है। इसमें हाउस रेंट अलाउंस में इजाफा भी शामिल है।

माना जा रहा है कि पैनल की ओर से अगले सप्ताह तक अपनी सिफारिशें सरकार को सौंपी जा सकती हैं। हालांकि इस बात के संकेत हैं कि अलाउंसेज में तत्काल कोई बदलाव नहीं होगा। नाम उजागर न करने की शर्त पर एक सूत्र ने बताया, 'पेंशन में संशोधन की स्कीम फाइनल की जा चुकी है, लेकिन एमसीडी चुनावों के चलते सरकार ने इसे स्थगित कर दिया है। कैबिनेट की ओर से अगले सप्ताह तक इसे मंजूरी दी जा सकती है।'

वेतन आयोग ने सरकार को इंक्रीमेंट लिंक्ड पेंशन फॉर्म्युला दिया था, इसके अलावा छठे पे कमिशन की सिफारिशों में 2.57 गुना इजाफे की बात कही थी। सरकार ने इसमें से दूसरे फॉर्म्युले को मंजूरी दी है। इसके तहत 31 दिसंबर, 2015 को रिटायर होने वाले शख्स को एक महीने बाद रिटायर होने वाले व्यक्ति की तुलना में कम पेंशन मिलेगी। मान लीजिए कोई एंप्लॉयी जनवरी 2016 से पहले सेक्रटरी के पद से रिटायर होता है तो उसे 1.02 लाख रुपये की पेंशन मिलेगी, लेकिन महीने के अंत में रिटायर होने वाले को 1.12 लाख रुपये मिलेंगे।

अब सरकार के पास दो विकल्प है- पहला है 'मोडिफाइड पैरिटी प्लस' फॉर्म्युला, जिसे एक ही रैंक के एंप्लॉयी द्वारा उठाई जा रही सैलरी से जोड़ा जाएगा। वहीं, दूसरा फॉर्म्युला छठे वेतन आयोग की पेंशन में 2.57 गुना इजाफे का है। सूत्र ने बताया कि पेंशन को लेकर फॉर्म्युले हैं, लेकिन जिससे पेंशनर्स को ज्यादा लाभ होगा, उसे मंजूर किया जाएगा।
(Source : ET hindi )

Saturday, April 15, 2017

Wishing Marshal of the Airforce Arjan Singh a very happy 98th birthday today. Salute Sir!



(Source - Twitter a/c of Flags of Honour)

MARSHAL OF THE IAF ARJAN SINGH

Birth: 15 Apr 1919 in Lyallpur (Faisalabad), Punjab, Pakistan
Indian IAF pilot (1939) and veteran of WW-II (DFC), he was the 6th Chief of Air Staff (1964-69) during the 1965 War and honoured with the Padma Vibhushan. He was later ambassador to Switzerland, and promoted to Marshal of the Air Force (2002).

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Note: Date of Birth is 15 April 1919 - indianairforce, bharat-rakshak, sikh-history; or 15 May 1919 - Wikipedia.


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(SOURCE- FB A/C OF RAJIV KUMAR BHATIA)

Friday, April 14, 2017

REQUIREMENT OF TRAINERS AND SECURITY GUARDS AT BANGALORE

Hi

There is a requirement  of Security guards & Trainer

in various fields at one of University in Bangalore. 

Interested candidate may please contact 

Shri Uday Kumar --073493 53670.


The minimum qualification is 9th Std passed. 

                    
Attractive package with bachelor accomodation.


(M) 094485 17224

Email: uday9381@gmail.com

(Source : Gp e-mail)

Sunday, April 9, 2017

Issue of Pension Payment by Banks: New Checklist for audit of Systems and Controls for conduct of government banking

RESERVE BANK OF INDIA 
www.rbi.org.in
                                 RBI/2016-17/271                                  
 DGBA.GAD.No.2646/31.02.007/2016-17
                                                                                    April 7, 2017
All Agency Banks
Dear Sir/Madam,
Systems and Controls for conduct of government banking
Please refer to our Master Circulars DGBA.GAD.No.2/31.12.010/2015-16 dated July 1, 2015 on Conduct of Government Business by Agency Banks – Payment of Agency Commission and DGBA.GAD.No.H-1/31.05.001/2015-16 dated July 1, 2015 on Disbursement of Government Pension by Agency Banks that, inter alia, deal with Systems and Controls in agency banks for conduct of government banking.
  1. In addition to existing instructions, agency banks may ensure that internal/concurrent audit at bank branches verifies whether government business is being conducted as per rules and regulations prescribed by government/RBI. Accordingly, the internal/concurrent audit at bank branches may also examine, among other things, various aspects of government banking such as agency commission claims and pension payments. A checklist may be provided to the inspecting officers/auditors, which may at a minimum include the items given in the Annex. Accordingly, Annex 2 of the Master Circular DGBA.GAD.No.H-1/31.05.001/2015-16 on Disbursement of Government Pension by Agency Banks dated July 1, 2015 stands withdrawn.
Yours faithfully,
(D. J. Babu)
Deputy General Manager
Annex
Checklist relating to government business for internal / concurrent audit
Part B: Pension related issues
Internal inspections should assess branch performance in servicing pensioner customers. In this regard, the following may be ensured:
  1. A specific questionnaire covering all aspects of pension payment may be devised for use during inspection of pension paying branches.
  2. Inspecting officers may also, during inspections, call up pensioners at random and enquire about their satisfaction with pension-related services.
  3. A detailed check-list relating to pension payments/government business may be given by banks to internal auditors/inspectors in order to adhere to the recommendations of the Prabhakar Rao Committee, constituted by the Government of India, relating to pension payments/government business.
These include the following:
(a) Whether there is delay in payment of pension, revision of pension, revision in dearness relief etc.
(b) Whether the branch manager has structured interaction with a cross section of pensioners serviced at the branch on quarterly basis, where the number of pensioners of all governments and departments exceeds a fixed number, say, 100 or 200.
(c) Whether nominations have been obtained for all pension accounts.
(d) Whether pension accounts have been converted into joint accounts wherever applicable.
(e) Whether the bank branch has an effective complaint redressal mechanism and the complaints of pensioners are attended promptly and their grievances redressed expeditiously.
(f) Whether the pension is credited to pensioner’s account during the last four working days of the month except for the month of March for which pension is to be credited on or after first working day of April.
(g) Whether the pension paying branch obtains Life Certificate/ Non-employment certificate/ Employment Certificate from the pensioners in the month of November every year.
(h) Whether pension paying branches deduct income tax at source from pension payments wherever applicable.
(i) Whether paper tokens in acknowledgement of cheques presented are invariably given by the tax collecting branches.
(j) Whether the challans are stamped giving bank’s BSR code and Challan Identification Number (CIN) clearly.
(k) Whether the stamped challans are kept in the custody of bank’s staff and handed over to the concerned tax payer only on production of the paper token.
(Source : Govtempdiaty / www.rbi.org )


Saturday, April 8, 2017

7th Pay Commission: Who is responsible for the delay in the implementation of 7CPC? Earlier this month, a report said that "Neither Prime Minister Narendra Modi nor Arun Jaitley could be held responsible for the delay in the implementation of higher allowance."

7th-pay-commission

New Delhi, April 8: As the financial year had already ended, and the Budget session is about to end by next week but the more than 1 lakh central government employees have not got their answers on higher allowances and pay hike under the 7th Pay Commission. The committee on allowance which was formed by the government had already failed twice to meet the deadline to submit the report and on Thursday the members of the committee had a meeting and some reports suggest that they are likely to submit its report in a week’s time. More than 43 lakh central government employees and 57 lakh pensioners are eagerly waiting for the implementation of 7th Pay Commission, especially for higher allowances. As almost a year had passed and there is no firm decision on the issue, due to which several government employees have held the committee officials responsible for the delay.
In June last year, after the Narendra Modi government had approved the recommendations made under the 7th Pay Commission b retired justice AK Mathur and his team, the government had then formed 7th Pay Commission recommendation committee on a higher allowance and the committee is also responsible for working on the minimum wage of central government employees. Finance Minister Arun Jaitley had announced the formation of Lavasa panel under the chairmanship of Ashok Lavasa, to examine the issues and suggestions raised on an allowance.

Earlier this month, The Sen Times quoted a source saying that “Neither Prime Minister Narendra Modi nor Arun Jaitley could be held responsible for the delay in the implementation of higher allowance". ”If reports are to be believed, the Committee on Allowances, headed by Finance Secretary Ashok Lavasa, will submit its final reports to Arun Jaitley and once the report is submitted there are chances that final decision will be taken soon.

In Thursday’s meeting, the Committee on Allowances was apprised 14 existing allowances given by Department of Posts, Ministries of Railways and Defence. The panel had sought more details on these allowances as it were left out by the 7th Pay Commission. Some reports claim that the committee has taken a final view on these 14 existing allowances.

Earlier the 7CPC in its findings had recommended the abolition of 51 allowances and subsuming of 37 others out of 196 allowances.

(Source- India.com)