Declaration of rate of interest on EPF interest for the year 2010-11.


No.R-11018/1/2010.SS-II 
Government of India 
Ministry of Labour & Employment

************

Shram Shakti Bhawan, Rafi Marg, 
New Delhi, dated the 17th March, 2011.

To

The Central Provident Fund Commissioner,
Employees Provident Fund Organisation,
Bhavishya Nidhi Bhawan,
Bhikaiji Cama Place,
New Delhi

Subject:- Declaration of rate of interest on EPF interest for the year 2010-11.

Sir,

The undersigned is directed to refer to CPFC’s U0 Note No.Invst.l/3(2)/133/1011/ROI/205 dated 13-10-2010 on the subject mentioned above and to convey the approval of the Central Government under para 60(1) of the Employees’ Provident Funds Scheme, 1952 to crediting of interest @ 9.5% for the year 2010-11 to the account of each member of the Scheme on the condition that the 4.72 crore Member accounts should be updated within a period of six months and if any shortfall in Interest Suspense Account is noticed, then the same should be adjusted in the interest rate to be fixed for the next year (2011-12).

2. You are, therefore, requested to take necessary action accordingly under intimation to the Ministry.

Yours faithfully, 
(S.D. Xavier) 
Under Secretary to Govt. of India

Govt approves 9.5% interest on PF deposits for 2010-11


The finance ministry on Thursday approved higher interest rate of 9.5 per cent to over 4.7 crore depositors with the Employees Provident Fund Organisation (EPFO) for 2010-11.

The EPFO had been paying 8.5 per cent interest on PF deposits since 2005-06.

In September last year, it had recommended an increase in interest rate to 9.5 per cent for 2010-11 after discovering Rs 1,731 crore surplus in their books of accounts.

"The finance ministry has ratified 9.5 per cent rate of return on PF deposits for 2010-11. We have received a notification in this regard," Central Provident Fund Commissioner Samirendra Chatterjee told the news agency.

Chatterjee further added that "our calculations regarding Rs 1,731 crore surplus in the interest suspense account were found correct by the finance ministry and so they approved this higher rate of return".

The finance ministry’s approval is subject to the condition that any shortfall on account of payment of 9.5 per cent rate of return would be met by making adjustments in the interest rate in 2011-12.

Chatterjee, however, said that there would be no need for making any adjustment in the next fiscal as "EPFO calculations are correct regarding the discovery of a surplus of Rs 1,731 crore in the interest suspense account."

The finance ministry has also asked the EPFO to update its subscriber accounts within the next six months.

EPFO’s apex decision making body-the Central Board of Trustees (CBT)- in September last year had decided to provide 9.5 rate of return on retirement savings in 2010-11 after it found a surplus of Rs 1,731 crore.

Refusing to ratify the said rate of return, the finance ministry had earlier argued that the surplus shown by the ministry was not real after CAG report has called the EPFOs so called surplus unverifiable.

According to sources, the finance ministry approved 9.5 per cent interest after the intervention by Finance Minister Pranab Mukherjee.

SOURCE -DDNEWS

Revised travel entitlements for privilege passes – Clarification


GOVERNMENT OF INDIA 
MINISTRY OF RAILWAYS 
(RAILWAY BOARD)

No.E(W)2008/PS 5-1/38                          New Delhi, 14th March, 2011

The General Managers
All Zonal Railways, Production Units, etc.

      Sub. :- Revised travel entitlements for privilege passes – Clarification reg.

      Ref. :- This office letters of even number dated 6-1-2011 and 3.2.2011.

Clarification has been sought whether the passes on 2010 year ending account due to the employees shall be as per revised entitlements.

2. The matter has been examined and it is clarified that since the revised entitlements are effective from 6-1-2011, any pass issued on or after 06-01-2011, including 2010 year ending pass, shall be as per the revised entitlements.

3. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.

4. Receipt of this letter may please be acknowledged.

s/d 
(Debasis Mazumdar) 
Joint Director Establishment (Welfare) 
Railway Board

Cabinet okays PFRDA Bill; may go to Parliament soon


The Union Cabinet today approved a long-pending bill, which is aimed at giving statutory power to the pension regulator PFRDA, paving way for introduction of the same in the current session of Parliament.

The draft legislation is aimed at upgrading the status of the Pension Fund Regulatory and Development Authority (PFRDA), which has been functioning for the past eight years without Parliamentary approval.

"It has been approved and is likely to be introduced in the current session," a minister said after the Cabinet meeting presided over by Prime Minister Manmohan Singh.

In the absence of statutory status, PFRDA was performing the role of the interim regulator.

Finance Minister Pranab Mukherjee had sought support of the Opposition, mainly the BJP, for passage of the key pending reform bills.

PTI


The Record note on the meeting of Joint Committee on MACP held on 15.03.2011.


The Record note on the meeting of Joint Committee on MACP held on 15.03.2011.

The third meeting of joint committee on MACP was held today i.e 15.03.2011. This meeting was held at the specific request by the Secretary Staff Side, National Council JCM to review the decision taken in the earlier meetings in which all items had been discussed.

Item Nos. 1,3,8,9 and 29:  Grant of financial up-gradation in the promotional hierarchy instead of grade pay hierarchy under MACP Scheme

The Staff Side pressed this demand on the ground that the ACP 1999 had become a service condition in respect of all those who were in service as on 31st August 2008. The MACP Scheme being less advantageous could not be imposed upon them. They stated that to resolve this anomaly, the first 2 ACPs may be continued in the promotional hierarchy to be granted after 12 and 24 years of service from the date of induction, the third ACP on completion of 30 years service may be in the grade pay hierarchy. The official Side did not agree with this proposal. The Staff Side then pointed out that the introduction of MACP Scheme in grade pay hierarchy 10, 20, 30 years of service from the date of induction will result that certain cadres would be placed in the grade pay which are not sanctioned in the structure of the departments and therefore it can not be treated as career progression at all. The official Side wanted the particulars of those cadres which are going to face this problem, so that they could consider how to overcome such anomalies. The Staff Side agreed to provide the necessary information and departments concerned may also be asked to provide such information.

Item Nos. 2, 10 and 48: 
The Staff Side also pressed for introducing MACP Scheme with effect from 1.1.2006 so that those who did not get any benefit under old ACP could atleast get the MACP scheme benefit before their retirement during the period from 1.1.2006 to 31.8.2008. The Official Side stated that this item has been closed and concluded and can not be allowed to be opened / reviewed. The Staff Side then stated that they would like to raise this issue in the meeting of National Anomaly Committee as the joint Committee on MACP Scheme is sub committee of the National Anomaly Committee. The Official Side stated that this may be raised as afresh item in the National Anomaly Committee. The Staff Side also wanted that the option to choose ACP or MACP should be given to the individual employees and not the Department. The Official Side also did not agree to reopen this issue which has been concluded in the last meeting.

Item No. 57: Ignoring the placement of Artisans of Ministry of Defence from HS grade II to HS grade I for the purpose of MACP Scheme. 

The Staff Side pointed out that this restructuring by keeping 50% of Artisans in the HS grade I and placing 50% in the HS grade II was by way of placement and therefore it could not be treated as promotion. The Staff Side cited Supreme Court ruling to this effect. However the Official Side did not agree with this. The case of restructuring in IA & AD in 1984 and in organized accounts were also cited in which it was clearly stated that those who are in the higher grade would be treated as placement only those who are promoted later on against vacancies would be treated as promotion. The official Side view was that only in those cases where the entire cadre is placed in the higher pay scale it would not be treated as promotion. This matter will also have to be raised in the meeting of National Anomaly Committee.

Items Nos. 11, 15, 22, 39, 47 and 51: Promotion in identical Grade Pay.

The decision that the normal promotions are in the same grade pay, they cannot be ignored for purpose off MACP Scheme and the specific cases would be examined separately.

Item Nos. 12, 30 and 49:  Employees appointed limited competitive examination from lower to higher post may treated as direct recruits in the higher post ignoring the service in the lower posts. 

The matter is still being considered with reference to old ACP scheme clarification.

Item Nos. 13, 32, 38, 44, 50 and 58:  Counting of old service in the new establishments for the purpose off MACP. And  Item Nos. 21, 27, and 28: 

Benchmark for financial up gradation under MACP. Orders have been issued on 1.11.2010.

It was agreed that action taken statement would be finalized and circulated so that further discussion thereon can take place in the meeting of National Anomaly Committee.

SOURCE-http://confederationhq.blogspot.com


MACP sub committee meeting minutes

Submission of Immovable Property Return for the year 2009 – List of defaulting officers of CSS


No.22/5/2009-CS.I(PR) 
Government of India 
Ministry of Personnel, Public Grievances & Pensions 
Department of Personnel & Training 
***

2nd Floor, Lok Nayak Bhawan, Khan Market, New Delhi 
Dated the 16th March 2011

OFFICE MEMORANDUM

Subject :-       Submission of Immovable Property Return for the year 2009 – List of defaulting officers of CSS

      The undersigned is directed to refer this Department’s O.M. of even number dated 22nd November 2010 and subsequent reminder dated 3rd January 2011 on the subject mentioned above.

2.       In terms of CCS (Conduct) Rules, 1964, under Secretary and above level officers of the Central Secretariat Service are required to submit annual immovable property return to this Division. The Immovable Property Return (IPR) pertaining to a year is required to be submitted latest by 31st January of the following year. Accordingly, the Immovable Property Return (IPR) for the year 2009 should have been submitted to this Division by 31st January 2010. However, despite reminders and publishing the list of the defaulting officers in the website of this Department, still a large number of officers have not furnished their IPR for the year 2009 to this Department. It is more than a year now and there is no justification in not submitting the return till date.

3.       The list of officers whose IPR for the year 2009 has not yet been received in this Division is posted in the website of this Department http://www.persmin.nic.in Central Services Wing CS Division Central Secretariat Services Property Returns. Ministries/ Departments are, therefore, requested to obtain the IPR for the year 2009 from the defaulting officers presently on their rolls and send to this Department latest by 31st March 2011.

4.       If any officer fails to submit the IPR, Ministries/ Departments may initiate disciplinary action under the relevant rules. The attention of the Ministries/ Departments is also drawn to the Annual Performance Appraisal Report (APAR) format which provides for indicating the date of submission of IPR. The date of submission of the IPR may be verified from the records and if it is found that an officer has failed to submit the IPR or submitted after the due date, the Reporting/ Reviewing Officers may take this into account while writing the APAR.

s/d 
( Monica Bhatia ) 
Director

Source: www.persmin.gov.in

Clarification regarding validity of Individual Plastic Cards at all CGHS Wellness Centres in the country.


Government of India
Ministry of Health and Family Welfare
Department of Health & Family Welfare
Nirman Bhawan, Maulana Azad Road
New Delhi 110 108

No: Misc.6024/2007/CGHS(Hq)/CGHS (P)                                       Date:March 16, 2011

OFFICE MEMORANDUM

Subject: Clarification regarding validity of Individual Plastic Cards at all CGHS Wellness Centres in the country.

The undersigned is directed to draw attention to the para E.(6) of Office Memorandum of even number dated 30th December, 2009, wherein it was mentioned that after computerisation of all CGHS covered cities the plastic Cards will be valid in all CGHS cities in India and there will be no need for obtaining temporary attachment while on a visit to another CGHS City.

2. In response to representations received from CGHS beneficiaries seeking clarifications, it has now been decided to further clarify that:

“Now that computerisation of all CGHS covered cities has been completed the plastic Cards are valid in all CGHS cities in India and there is no need for obtaining temporary attachment while on a visit to another CGHS City. Since, the data is available online CGHS beneficiaries are permitted to obtain medicines (including indented medicines) from any Wellness Centre located in the same city, where the card is registered or from any wellness centre locatedin any other CGHS city while on a visit (Official as well as personal).”

3. The other contents of the Office Memorandum of even number dated 30th December 2009 remain unchanged.

(R RAVI)
Director
Tel: 011-2306 3483

DTC to be implemented from 1st April, 2012: Pranab




Finance Minister Pranab Mukherjee on Monday said the Direct Taxes Code (DTC), which will replace the Income Tax Act, is proposed to be implemented from 1st April, 2012.

"… The code is proposed to be effective from April 1, 2012," Mukherjee said in his Budget speech 2011-12.

In the DTC Bill, which was introduced in Parliament last year, the annual I-T exemption limit is proposed at Rs 2 lakh, compared to Rs 1.6 lakh at present.

Under the Bill, the government seeks to widen tax slabs to levy 10 per cent tax on income between Rs 2 lakh and Rs 5 lakh, 20 per cent on Rs 5-10 lakh and 30 per cent above Rs 10 lakh.

Currently, income up to Rs 1.6 lakh per annum is exempt from tax for individuals. For women and senior citizens, the limit is 1.9 lakh and 2.4 lakh, respectively.

The tax is levied at a 10 per cent rate on income between Rs 1.6 lakh and Rs 5 lakh, 20 per cent on Rs 5-8 lakh and 30 per cent above Rs 8 lakh.

source-DDnews

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