Finance Minister launches New Website of PFRDA on 26th August, 2014.

Finance Minister launches New Website of PFRDA on 26th August, 2014.
PFRDA was established by Government of India on 23rd August, 2003. The Government has, through an executive order dated 10th october 2003, mandated PFRDA to act as a regulator for the pension sector. The mandate of PFRDA is development and regulation of pension sector in India.

The National Pension System reflects Government’s effort to find sustainable solutions to the problem of providing adequate retirement income. As a first step towards instituting pensionary reforms, Government of India moved from a defined benefit pension to a defined contribution based pension system by making it mandatory for its new recruits (except armed forces) with effect from 1st January, 2004. Since 1st April, 2008, the pension contributions of Central Government employees covered by the National Pension System (NPS) are being invested by professional Pension Fund Managers in line with investment guidelines of Government applicable to non-Government Provident Funds.

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Categories: General news, Pension   Tags: , , ,

UPGRADATION OF GRADE PAY OF LDC & UDC- A STEP FORWARD

UPGRADATION OF GRADE PAY OF LDC & UDC- A STEP FORWARD

BORDER ROAD ORGANISATION (BRO) SUBMITS THE HIGH COURT OF PUNJAB & HARYANA, CHANDIGARH THAT “…organisation accepts the position that the Government is considering the same since more than last one year and yet no decision has been taken”.

SHRI ABHIMANYU KUMAR & 58 OTHER LDCS OF BORDER ROAD ORGANISATION FILED A CASE FOR UPGRADATION OF GRADE PAY LDC FROM 1900 TO 2400 IN PUNJAB & HARYANA HIGH COURT CHANDIGARH – CWP NO. 14193/2014. COPY OF THE INTRIM ORDER ISSUED BY THE COURT IS GIVEN BELOW:

CWP 14193/2014                                                                                               108

Abhimanyu Kumar and ors v UOI and others

Present:- Mr.ADS Jatana, Advocate for the petitioner

Petitioners, who are 59 in number, are working on the post of Lower Division Clerks (LDC) with General Reserve Engineering Force (GREF) which is a Border Road Organisation. After the acceptance of the recommendations of the Sixth Pay Commission they have been kept in Pay Band-I of Rs.5200-20200 with Grade Pay of Rs.1900/-. They are seeking upgradation of their Grade Pay to Rs.2400/- as granted to other cadres in the same Pay Band and pay scale of other Central forces.

By referring to Annexure P-5, it is submitted that the organisation accepts the position that the Government is considering the same since more than last one year and yet no decision has been taken.

Notice of motion for 12.12.2014.

23.07.2014                                                                       (Jaswant Singh)
joshi                                                                                      Judge

-TKR Pillai

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Categories: Employees News, General news, LDC-UDC   Tags: , , , , ,

Air India Day Offer – Tickets for Rs 100

‘Air India Day’ Offer – Tickets for Rs 100

On ‘Air India Day’, airline’s site crashes over ‘tickets for Rs 100′ offer

NEW DELHI: Air India’s website crashed on Wednesday, on a day the national carrier is celebrating ‘Air India Day’, unable handle the heavy traffic following its ‘tickets for Rs 100′ offer.

Air India is selling tickets for Rs 100 (taxes extra) for five days from today — to commemorate the merger of erstwhile Indian Airlines and Air India on this day in 2007.

Some users who tried to go to the website got a ‘Service unavailable’ message. For others, the page would not load.7.

“On this occasion Air India is launching the Air India Offer for its travellers. Under the scheme tickets will be offered for Rs 100/- apart from all applicable taxes. The sale of these tickets will be made only through the Air India website for five days from August 27 to 31 2014 for travel between August 27 and September 30, 2014, only,” an AI statement said.

This is the first time that the airline will be celebrating the Air India Day. A function will be held to celebrate the day and also to award the meritorious employees of Air India.

Source : TOI

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Restriction of one cylinder per month removed to benefit consumers; Number of subsidised cylinders will continue to be 12

Restriction of one cylinder per month removed to benefit consumers; Number of subsidised cylinders will continue to be 12

Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas

27-August-2014 19:34 IST

Restriction of one cylinder per month removed to benefit consumers; Number of subsidised cylinders will continue to be 12

Currently, the number of LPG cylinders given to a domestic LPG consumer is 12. Alongwith this, there is a restriction of one cylinder per month.

The Government has now decided that while twelve subsidized LPG cylinders per annum will continue to be supplied to all domestic consumers, there will be no separate monthly restriction of one cylinder per month. This changes the earlier decision taken on 28.2.14 and removes the restriction imposed that ordinarily one cylinder be given to each beneficiary every month.

This decision of Government will alleviate difficulties faced by the genuine LPG consumers as the consumption of LPG cylinders is never exactly one per month. This change will meet their genuine requirements subject to their annual entitlement of subsidized cylinders.

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PF(Provident Fund) Interest Rate 8.75%

Provident Fund Interest Rate 8.75% for 2014-15

EPFO retains interest rate at 8.75% for current fiscal

NEW DELHI: Retirement fund body EPFO’s trustees on Tuesday decided to retain interest payment on provident fund deposits for 2014-15 at 8.75 per cent.

“It has been decided to pay 8.75 per cent interest in the current fiscal,” Central Provident Fund Commissioner (CPFC) K K Jalan told PTI after the meeting of the Central Board of Trustees (CBT), the apex decision making body of the Employees’ Provident Fund Organization (EPFO).

The EPFO has about 5 crore subscribers and the decision will have a bearing on their retirement fund.The decision to retain the interest rate on the provident fund deposits at last year’s level was taken despite some protest by the trade union members of the CBT, sources said.

The final notification for payment of the interest rate for the current fiscal will be issued by the finance ministry later.

The EPFO had provided 8.75 per cent rate of interest on PF deposits for 2013-14, which was higher than 8.5 per cent paid for the previous fiscal.

Source: Times of India

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Categories: EPFO, General news   Tags: , , , ,

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