Reserve Bank of India has issued a circular on Payment of Agency Commission on pension accounts

Reserve Bank of India has issued a circular on Payment of Agency Commission on pension accounts RBI has clarified that agency banks are being compensated at Rs. 65 per transaction for handling pension computation, payment and related services on behalf of Central and State Governments up to 14 transactions per year. So, splitting up transaction for earning more commission by banks is not permitted. Reserve Bank circular on Payment of Agency Commission on pension accounts – Transaction in pension more than allowed numbers would not fetch...

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AIRF to conduct secret ballot proposing Indefinite Strike against 7th CPC report

AIRF to conduct secret ballot proposing Indefinite Strike against 7th CPC report AIRF will conduct a secret ballot on February 11 and 12 to decide the date and future course of action (on strike) – Shiv Gopal Mishra, AIRF General Secretary All-India Railwaymen’s Federation (AIRF) threatened to go ‘Indefinite Strike’ against the Seventh Pay Commission report. “We will conduct a secret ballot on February 11 and 12 to decide the date and future course of action (on strike),” AIRF General Secretary Shiv Gopal Mishra said here today. He said...

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BSNL Clarification regarding Employees Pension Scheme

BSNL Clarification regarding Employees Pension Scheme BHARAT SANCHAR NIGAM LIMITED (A Govt. of India Enterprise) NO.500-85/CA-II/BSNL/EPF/2011/Vol.VI Dated 19.01.2016 To, The IFAs, All Circles BSNL Sub.: Various Gazette Notifications issued by EPFO from Time to Time This office has been receiving queries regarding Employees Pension Scheme. In this regard, it is informed that EPFO vide its letter no. Actuarial / 18(2)2008/ Vol.III/7738 dated 29.08.2014 (copy enclosed) has already clarified that henceforth, EPS will apply only to EPF members...

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7th Pay Commission – Hike the Basic Minimum pay by 44% – Review the Salaries after every 5 years – Unions

7th Pay Commission – Hike the Basic Minimum pay by 44% – Review the Salaries after every 5 years – Unions The brewing discontent amongst the central government employees is threatening to create a storm and disrupt the implementation process. The unions are asking around 44% hike on the basic minimum pay and review the salaries every 5 years. 7th Pay Commission – Hike the Basic Minimum pay by 44% – The unions had staged a 3-day agitation earlier in January, and even threatened to strike work for longer period. Implementing the recommendations...

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Facilitation Fee levied by authorized travel agents on air tickets book on Government account

PCA (Fys) Kolkata Circular on Facilitation Fee levied by authorized travel agents for air tickets booked on Government account. Office of the PCA (Fys) Kolkata, has issued an important Circular on Facilitation Fee levied by authorized travel agents on air tickets book on Government account Important Circular Office of the PCA (Fys) Kolkata, 10A, S. K. Bose Road, Kolkata -700001 NO.2078/AN-VIII/TA/LTC/BL Dated: 20/1/2016 Sub: Facilitation Fee levied by authorized travel agents on air tickets book on Government account A copy of GOI, MoF,...

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