Conduct of the Inspector Posts LDC Examination 2015-16 Date of Exam Postponed to 22 nd & 23 rd October

Bunching of stages in the revised pay structure : Ministry of Finance

http://finmin.nic.in/7cpc/OM_Bunching_7cpc.pdf

IPO Examination 2016 - Examination Date and Eligibility Criteria

IPO Examination 2016 - Examination Date and Eligibility Criteria

REVISION OF FINANCIAL POWERS OF HEADS OF POSTAL DIVISION IN DEPARTMENT OF POSTS

REVISION OF FINANCIAL POWERS OF HEADS OF POSTAL DIVISION IN DEPARTMENT OF POSTS.....

Financial Powers of Head of Postal Divisions for Purchase of equipment & consumables connected with computers & other equipment enhanced from existing Rs.5000/- in each case to Rs.15000/- in each case.

Implementation of Government's decision on the recommendation of the Seventh Central Pay Commission

Implementation of Government's decision on the recommendation of the Seventh Central Pay Commission

No.14021/4/2016-AIS(II)

Government of India

Ministry of Personnel, P.G. and Pension

Department of Personnel & Training

New Delhi, the 1st September, 2016.

To,

The Chief Secretaries of

All States/Union Territories.

Sub: Implementation of Government's decision on the recommendation of the Seventh Central Pay Commission- Revision of provisions regulating pension / gratuity / commutation of pension / family pension / disability pension / exgratia lump-sum-compensation, etc-reg.

Sir,

I am directed to say that in pursuance of Government's decision on the recommendations of the Seventh Central Pay Commission, the Department of Pension & Pensioners' Welfare by its OM No. 38/37/2016- P&PW (A)(i),(ii) and Resolution dated 4th August 2016 (copies enclosed) has issued the necessary detailed order for implementation of Government's decision on the recommendation of the Seventh Central Pay Commission- Revision of provisions regulating pension/gratuity/commutation of pension/family pension/disability pension/ex-gratia lump-sum-compensation etc. under the CCS (Pension) Rules, 1972 and Commutation of Pension under CCS (Commutation of Pension) Rules 1981, CCS (

Extraordinary Pension) Rules 1939 etc.

2. The applicability of the provisions of aforesaid Office Memorandums of the Department of Pension & Pensioners Welfare to the members of All India Services has been considered. It has been decided that the provisions contained in the aforesaid

Office Memorandum issued by the Department of Pension & Pensioners shall be equally applicable Mutatis-Mutandis to members of All India Service governed by the ATS (DCRB) Rules, 1958.

Encl : as above.

Yours faithfully,

(Kavitha Padmanaban)

Deputy Secretary(Services)

                amount of additional pension will be Shown distinctly in the pension payment order, For example, in case where a pensioner is more than BO years of age and his pension is Rs.10,000 pm, the pension will be shown as (i) Basic pension=Rs.10,000 and

(ii)Additional pension Rs.2,000 pm. The pension on his attaining the age of 85 years will be shown as

(i).Basic Pension =-Rs.10,000 and (ii) additional pension = Rs.3,000 pm.

Retirement/Death Gratuity

6.1 The rates for payment of death gratuity shall be revised as under:

Length of Qualifying service	Rate of Death Gratuity
Less than one year	2 times of monthly emoluments
One year or more but less than 5 years	6 times of monthly emoluments
5 years or more but less than 11 years	12 times of monthly emoluments
11 years or more but less than 20 years	20 times of monthly emoluments
20 years or more	Half month’s emoluments for every completed six monthly period of qualifying service subject to a maximum of 33 times of emoluments

Accordingly. Rule 50(1)(b) of MS (Pension) Rules, '1972 shall stand modified to this extent.

6.2 The-maximum limit of Retirement gratuity and death gratuity shall be Rs, .20 The ceiling on gratuity will increase by 25% whenever the dearness allowance rises by 50% of the basic pay. Accordingly, first proviso under Rule 50(1)(b) of CCS (Pension)

Rules, 1972 shall stand modified to this extent.

Click to view the circular

Banks eye Postal department's payments bank branches to reach rural India

Banks eye Postal department's payments bank branches to reach rural India

Foreign financial institutions, including Barclays, Citibank and others, have shown interest in using the Postal department’s payments bank branches to reach out to rural India under the Centre's Digital India Mission.

The Postal department is one of the key drivers for this initiative, said Union Minister for Electronics and Information Technology Ravi Shankar Prasad. He added that today around 50 financial institutions, including foreignbanks like Citibank, Barclays, Deutsche Bank and others, want to use postal infrastructure to take their services to the common man.

Speaking at the Regional Editors Conference, organised by the Press Information Bureau here, the Union minister said that the Postal department is one of the key pillars in driving the Digital India Mission.

Around 50 national and international consortium have shown interest in using the 650 upcoming branches of the India Post Payments Bank.

The government is planning to strengthen 2.50 lakh village panchayats through optical fibre network, which was started in 2011. For three years, total network laid was 358 km, but in the last two years, 1,39,000 km were covered and around 57,000 plus village panchayats were covered.

The second step would be common service centres and extending them to have internet service centres to offer entire service online. Today there are about 2.3 lakh centres in the country and many of them are extending to villages through internet-based service centres.

The minister noted that this infrastructure has started yielding results. For instance, 66.25 lakh transactions were recorded in 2013 and today that number is 2.07 crore. Today around 60 per cent of the railway tickets are e-tickets and many of them come from Tier-II cities and beyond.

Electronics industry

The Union minister said that $80 billion worth of electronics are currently consumed in India and by 2020 that figure will increase to $400 billion. Further, the duty collected on these electronic products is expected to surpass that of oil. 

All these things are backed by mobile penetration in the country.

Currently, there are about 1.3 billion people and 27 crore smartphones. To boost mobile manufacturing, the Centre is taking various steps, including creating an eco-system. The measures have started showing results, said the minister.

According to him, the value of mobile phone manufacturing was Rs 19,000 crore in 2014-15 and this has increased to Rs 54,000 crore in 2015-16. Further, it is expected to touch Rs 97,000 crore by the end of this financial year.