## Monday, November 26, 2012

### How IDA increase is calculated?

How IDA increase is calculated?

We have been reporting the increase in IDA every three months, always before official announcement is made.

We have not been making predictions or assumptions. Our reporting has always been based on standard calculation used for the purpose. We feel that the members also should be aware of the calculation. Hence this article.

The IDA rate revision is based on All India Consumer Price Index. After Second Pay Revision w.e.f. 1.1.2007, the base index has also been revised to 1.1.2007, which is 126.33

For arriving at IDA increase we need to know the All India Consumer Price Index for Industrial Workers [CPI(IW)] for the previous three months. For IDA revision w.e.f. 1st July of a year, the CPI of March, April and May are required. For IDA revision w.e.f.1st October, CPI of June, July and August are required and so on.

The average CPI of the three months is then taken for calculation and the following formula is used:

New IDA rate = (Average CPI – Base Index) x 100 / Base Index

Increase in IDA rate = New IDA rate – Old IDA rate
Example:
CPI for
June 2009 - 153
July 2009 - 160
August 2009 - 162

Average: 158.33
Calculation: 158.33 – 126.33 x 100
-------------------------- = 25.3
126.33
IDA rate w.e.f. 1.7.2009 was 18.5

Therefore Increase in IDA rate w.e.f.1.10.2009 was = 25.3-18.5 = 6.8

CPI for a month is notified on the last day of the next month in Labour Bureau Website at http://labourbureau.nic.in/indnum.htm. This information is also published in ‘The Hindu’ on the first day of every month in Business column.

That’s all. It is so simple. Now, any one can on his own calculate the IDA rate increase w.e.f. 1.4.2010, on 31st March 2010 itself. Those who don’t want to take that little effort can login to http://www.aibsnloa.org/related/idacalculation.xls and just fill in the CPI for February 2010 and get the magic figure of Increase in IDA rate w.e.f.1.4.2010.

Source: www.aibsnloa.org
[http://www.aibsnloa.org/related/idacalculation.pdf]

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### Purchase of National Savings Certificates by an adult on behalf of a minor a clarification regarding

 Purchase of National Savings Certificates by an adult on behalf of a minor a clarification regarding SB Order No.162012 No.61-03/2012-SB Government of India Ministry of Communications & IT Department of Posts Dak Bhawan, Sansad Marg, New Delhi - 110 001, Dated : 16.11.2012 To All Heads Circles, Addl. Director General, APS, New Delhi. Subject : Purchase of National Savings Certificates by an adult on behalf of a minor a clarification regarding. Sir/Madam, The undersigned is directed to say that this office has received a complaint through Secretary (Coord & PG), Cabinet Secretariat, Rashtrapati Bhawan, New Delhi regarding refusal of issue of NSC in the name of Grand Daughter (minor) to one Sh.S.P.Jain by Palam Vihar PO as well as SSPOs gurgaon (Haryana). 2. It is clarified that as per Rule 4(2)a of NSC-VIII issue and IX issue rules, a single holder type certificates may be issued to an adult for himselh or on behalf of a minor or to a minor. Therefore, it is clarified that NSCs can be purchased by any adult in the name of a minor irrespective of any relation. 3. It is requested that all this may be circulated to all Post Offices for information and necessary guidance so that complaints of this nature may be avoided. 4. This issues with the approval of DDG(FS). Yours faithfully, sd/- (Kawal Jit Singh) Assistant Director (SB) Source: www.indiapost.gov.in/ ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** For Latest Updates Always visit http://satish24k.blogspot.in Share and Care

### GRANT OF ADDITIONAL QUANTUM OF PENSION / FAMILY PENSION

 GRANT OF ADDITIONAL QUANTUM OF PENSION / FAMILY PENSION The issue of grant of additional quantum of pension/family pension and clarification to the doubt raised by the Chennai PAO has been taken up by the CHQ through Com. S.K.Vyasji. Thanks to Com. Vyasji. source:http://aipaea09.blogspot.in/2012/11/grant-of-additional-quantum-of-pension.html ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** For Latest Updates Always visit http://satish24k.blogspot.in Share and Care

### Mysterious UFO over Indo-China Border

 Press Information Bureau Government of India Ministry of Defence 26-November-2012 15:08 IST Mysterious UFO over Indo-China Border There is no conclusive proof of UFO flying over Indo-China border. Government is regularly monitoring all developments in our neighbourhood which have a bearing on national security. Required measures have been initiated through development of infrastructure and operational capabilities to achieve desired levels of defence preparedness to safeguard the sovereignty, territorial integrity and security of India. This information was given by Defence Minister Shri AK Antony in a written reply to Shri ManganiLalMandal in Lok Sabha today. ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** For Latest Updates Always visit http://satish24k.blogspot.in Share and Care

### How to Calculate My Pension/Gratuity/Dearness Relief/Commutation

 Calculate My Pension/Gratuity/Dearness Relief/Commutation This service provides the retired civil pensioners ready made calculators for calculating basic pension, family pension, gratuity & commutation based on the recommendation of Fifth and Sixth Central Pay Commissions. This service also calculates Revised Pension for pre-2006 pensioners, based on the recommendation of the Sixth Central Pay Commission. To know about the above mentioned service, please visit the following website. ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** For Latest Updates Always visit http://satish24k.blogspot.in Share and Care

## Sunday, November 25, 2012

### LTC BENEFITS TO NEWLY RECRUITED CENTRAL GOVERNMENT EMPLOYEES

LTC BENEFITS TO NEWLY RECRUITED CENTRAL GOVERNMENT EMPLOYEES

Leave Travel Concession for Central Government employees in general provides for reimbursement of fare entitled to the employee and his / her family concerned for the travel to home town twice in four years or to a place any where in India in lieu of one home town travel concession once in four years.
As far as newly recruited Central Government Employees are concerned, LTC Scheme provides for some additional benefits which are discussed in this article.

# LTC Scheme after implementation of Sixth Pay Commission report – Benefits to Fresh Recruits in the form of additional LTC trips

LTC Rules amended after implementation of sixth pay commission provides certain more Benefits to Fresh Recruits in the form of allowing additional home town trips under LTC (after completion of one year of continuous service in central government service)
As per the amendment made in Rule 8 of LTC Rules, Fresh recruits to Central Government may be are allowed to travel to their home town along with their families on three occasions in a block of four years and to any place in India on the fourth occasion.
This facility shall be available to the Government officers only for the first two blocks of four years applicable after joining the Government for the first time. In other words after completion of one year of continuous service in Central Government service one can avail LTC for three Home town trips and one All India trip in each of two LTC blocks that fall in in the first eight years of Government service
The blocks of 4 years shall apply with reference to the initial date of joining the Government even though the employee changes the job within Government subsequently. The existing blocks will remain the same but the entitlements of the new recruit will be different in the first eight years of service.
After grant of this additional LTC benefits to fresh recruits, doubts were raised whether this additional benefits can be allowed Central Government Employees who have joined in the Government Service prior to 23.09.2008 (i.e. before the date of issue of OM) but yet to complete 8 years of service.
Later, DOPT clarified in this aspect to the effect that all Government servants who have not completed 8 years of service as on 01.09.2008 would be entitled for the LTC benefits available to fresh recruits.

# Married and unmarried Central Government Employees can travel to home availing LTC once a year in one block of 4 years:**

This benefit was available even prior to implementation of sixth pay Commission. Under this clause, Married and unmarried Central Government Employees can travel to home availing LTC once a year in one LTC block of 4 years. There is no restriction in the form of number of years of service to avail LTC in this clause. However, this LTC for travel to home town once a year in the block of 4 years restricted to employee only. The family of the employee is not entitled LTC under this clause.
However, following conditions are to be satisfied in order to avail additional Home Town Trips in one LTC block:
1.The family of Central Government Employee should be living away from him/her at her/his home town.
2.No other LTC claim including LTC to all India and home town can be made by the employee for self and his/her family in the LTC block.
(** It is just an assumption that family of fresh recruits would usually be away from him/her at his/her home town. In fact this facility is available all central government employees whose family is at home town. There is no restriction in the form of number of years of service completed)

Courtesy : http://gconnect.gnaukri.in/
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### Discontinuation of conducting examination in APS Units/Centres.

 Discontinuation of conducting examination in APS Units/Centres. Copy of Directorate’s Memo No. A-34020/11/2011-DE dated 15/2/2011 is reproduced below: Subject : Discontinuation of conducting examination in APS Units/Centres. Sir, I am directed to say that system of all Departmental Examinations is being revised. In this connection, Competent Authority has decided that the following Examinations hitherto being conducted in the APS units are discontinued. i) Examination for promotion to Postman cadre; ii) Examination for promotion to PAs/SAs (LGO); iii) Examination for promotion to Inspector Posts; Candidates working in APS who wish to attend the above mentioned Examinations will have to appear at the nearest possible Postal Centres. Yours faithfully, Sd/- (L. Mohan Rao) Assistant Director General (DE) ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** For Latest Updates Always visit http://satish24k.blogspot.in Share and Care

### Pension Fund Regulatory and Development Authority (PFRDA) Bill-2011

 Pension Fund Regulatory and Development Authority (PFRDA) Bill-2011 The Pension Fund Regulatory and Development Authority Bill, 2005 was initially introduced in Lok Sabha in March, 2005 to provide for a statutory PFRDA. However, since the Bill and the official amendments, based on the recommendations of the Standing Committee on Finance, could not be considered by the Lok Sabha, the Bill lapsed on dissolution of the 14th Lok Sabha. The Government has announced in the Budget 2011-12 that the revised PFRDA Bill would be moved in the Parliament. Accordingly, PFRDA Bill, 2011 was introduced in Lok Sabha on the 24th March, 2011 to provide for a statutory regulatory body the Pension Fund Regulatory and Development Authority (PFRDA) under the provisions of the Bill. The legislation sought to empower PFRDA to regulate the New Pension System (NPS). The PFRDA Bill, 2011 was referred to the Standing Committee on Finance on the 29th March, 2011 for examination and report thereon. The Standing Committee on Finance gave its Report on 30th August, 2011. The Government decided to accept the recommendations of the Standing Committee on Finance. Based on the recommendations of the Standing Committee, the official amendments to the PFRDA Bill-2011 a proposal to move these additional official amendments in the ensuing session of the Parliament, was approved by the Union Cabinet in its meeting held on 4th October, 2012. The PFRDA Bill, 2011, inter alia, provides for: (i) Establishing a statutory Pension Fund Regulatory and Development Authority (PFRDA): (a) to promote old age income security by establishing, developing and regulating pension funds; (b) to protect the interests of subscribers to various schemes of pension funds. (ii) Empowering PFRDA to : (a) regulate the New Pension System and other pension schemes not covered under any other Act; (b) register and regulate pension funds and the central recordkeeping agency; (c) frame investment guidelines for pension funds; (d) levy monetary penalties for violations of various provisions of the PFRDA Act; (iii) Imprisonment upto 10 years by courts for contravention of the PFRDA Act, etc. or fine upto Rs. 25 crore or both; and (iv) Subjecting subordinate legislation to Parliamentary scrutiny. Source: www.financialservices.gov.in ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** For Latest Updates Always visit http://satish24k.blogspot.in Share and Care

## Saturday, November 24, 2012

### Implementation of NPS

Press Information Bureau
Government of India
Ministry of Finance
23-November-2012 16:57 IST
Implementation of NPS

The New Pension System (NPS) has been implemented for various sectors like Central Government, State Government, Private Sector and NPS-Life. The status of NPS in these sectors as on 10th November, 2012 is as under:-

 Sector No. of Subscribers (Figures in lakhs) Assets under Management (Rs. In crores) Central Government 10.62 14,846 State Government 14.67 7,445 Private Sector 1.64 835 NPS-Life 13.05 344 Total 39.98 23,470

The number of subscribers is increasing every year in all the sectors.

There is no proposal to increase the monthly contribution of subscribers by the Government. The Government provides matching contribution for the Central Government employees who are covered under the NPS scheme. In case of NPS Swavalamban accounts, Rs. 1000/- per annum is being contributed by the Government.

NPS Trust consisting of professionals with expertise in the field of Investment and Asset Management has been constituted. The NPS Trust regularly monitors the performance of the Pension Funder Managers (PFMs) appointed by Pension Fund Regulatory & Development Authority (PFRDA). PFMs manage the investments of subscribers of NPS in conformity with the Investment Management guidelines prescribed by the NPS Trust.

This information was given by the Minister of State for Finance, Shri Namo Narain Meenain written reply to a question in Lok Sabha today.

* * *
DSM/RS/bs

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### Implementation of NPS

Implementation of NPS

The New Pension System (NPS) has been implemented for various sectors like Central Government, State Government, Private Sector and NPS-Life. The status of NPS in these sectors as on 10th November, 2012 is as under:-

 Sector No. of Subscribers (Figures in lakhs) Assets under Management (Rs. In crores) Central Government 10.62 14,846 State Government 14.67 7,445 Private Sector 1.64 835 NPS-Life 13.05 344 Total 39.98 23,470

The number of subscribers is increasing every year in all the sectors.

There is no proposal to increase the monthly contribution of subscribers by the Government. The Government provides matching contribution for the Central Government employees who are covered under the NPS scheme. In case of NPS Swavalamban accounts, Rs. 1000/- per annum is being contributed by the Government.

NPS Trust consisting of professionals with expertise in the field of Investment and Asset Management has been constituted. The NPS Trust regularly monitors the performance of the Pension Funder Managers (PFMs) appointed by Pension Fund Regulatory & Development Authority (PFRDA). PFMs manage the investments of subscribers of NPS in conformity with the Investment Management guidelines prescribed by the NPS Trust.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.

Source:pib
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### Appointment on Fake Caste Certificates

 Appointment on Fake Caste Certificates Information about appointments secured on the basis of fake/false caste certificates is not centrally maintained. However, the Central Government had taken one time exercise to collect information about appointments secured on the basis of fake/false caste certificates in the year 2010. As per information received from various Ministries/Departments etc., 1832 appointments were allegedly secured on the basis of fake/false caste certificates. Disciplinary proceedings had been instituted in all the cases. It was reported that out of the above 1832 cases, 276 had been resulted in suspension/removal etc., whereas 521 cases were entangled into litigations and in remaining 1035 cases disciplinary proceedings were pending. The Government instructions provide that an appointing authority should verify the caste status of SC/ST/OBC candidates at the time of initial appointment as well as every important upturn of the employee’s career. Chief Secretaries of States/Union Territories have been requested to issue instructions to the District Magistrates/District Collectors/Deputy Commissioners of the Districts to the effect that when asked to verify the veracity etc. of caste certificates, they should ensure at their own level that veracity of the caste/community certificate referred to the district authorities is verified and reported to the appointing authority within one month of receipt of request from such authority. In order to rule out collusion between candidates holding false/forged certificate and employees at the district level or sub-district level, disciplinary proceedings may be initiated against officers who default in timely verification of caste status in such cases or issue false certificates. This was stated by Shri V. Narayanasamy, Minister of State in the Ministry of Personnel, Public Grievances and Pension and Minister of State in the Prime Minister’s Office in written reply to a question by Shri Aayanur Manjunatha in the Rajya Sabha today. Source:http://www.pib.nic.in/newsite/erelease.aspx?relid=0 ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** For Latest Updates Always visit http://satish24k.blogspot.in Share and Care

### New Pension System : Status of subscribers of NPS as on 10th November, 2012

New Pension System : Status of subscribers of NPS as on 10th November, 2012

Implementation of NPS

The New Pension System (NPS) has been implemented for various sectors like Central Government, State Government, Private Sector and NPS-Life. The status of NPS in these sectors as on 10th November, 2012 is as under:-

The number of subscribers is increasing every year in all the sectors.

SectorNo. of Subscribers (Figures in lakhs)Assets under Management (Rs. In crores)
Central Government10.6214,846
State Government14.677,445
Private Sector1.64835
NPS-Life13.05344
Total39.9823,470

There is no proposal to increase the monthly contribution of subscribers by the Government. The Government provides matching contribution for the Central Government employees who are covered under the NPS scheme. In case of NPS Swavalamban accounts, Rs. 1000/- per annum is being contributed by the Government.

NPS Trust consisting of professionals with expertise in the field of Investment and Asset Management has been constituted. The NPS Trust regularly monitors the performance of the Pension Funder Managers (PFMs) appointed by Pension Fund Regulatory & Development Authority (PFRDA). PFMs manage the investments of subscribers of NPS in conformity with the Investment Management guidelines prescribed by the NPS Trust.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.

PIB
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### Clarification regarding availing of Restricted Holiday

 Clarification regarding availing of Restricted Holiday Controller General of Defence Accounts Ulan Batar Road, Palam, Delhi Cantt-110010 No. AN/XIV/19404/Leave Matters/Vol-II Dated: 19/11/2012 To All PCsDA/CsDA/IFAsPCof A(Fys) Kolkata(through CGDA Mail server) Subject: Clarification regarding availing of Restricted Holiday A doubt has been raised by one of the Controller’s office regarding mid fix of RH between Casual leave and regular leave. The matter has been examined with reference to provisions laid down under GOI’s decision No. 2 read with Rule 22 and Rule 11 of CCS Leave Rules and it is clarified that :- (a) RH can be mid-fixed between Casual Leave as CL is not a recognized form of leave. (b) However, RH cannot be mid-fixed or sandwiched between two spells of any kind of regular leave viz. EL but can only be prefixed or suffixed. sd Chitra Mahendran for(CGDA) Source:www.cgda.nic.in ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** For Latest Updates Always visit http://satish24k.blogspot.in Share and Care