EPFO offers 8.8% interest for 2015-16, unions protest

EPFO offers 8.8% interest for 2015-16, unions protest The financial, investment and audit committee of the EPFO board had proposed 8.95 per cent rate of return as “feasible” in its meeting held in January 2016. The central board of trustees of the Employees’ Provident Fund Organisation (EPFO) on Tuesday recommended 8.80 per cent rate of return on retirement savings under its watch for 2015-16. Although this is a notch higher than the...

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Finance Ministry invites NJCA to discuss over 7th Pay commission recommendations on 19.2.2016

Finance Ministry invites NJCA to discuss over 7th Pay commission recommendations on 19.2.2016 The Official Sources Close to the Finance Ministry told that a Meeting with National Joint Council of Action to be held on 19th February 2016 on the issues of 7th Pay Commission and Charter of Demands of NJCA. It is informed that Convener, 7th Pay Commission Implementation Cell has fixed Meeting with NJCA on 19th February 2016 at North Block to discuss about the matters pertaining to 7th CPC recommendations and Charter of Demands of NJCA. The...

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Instructions/Guidelines relating to filling up the Integrity Column of Annual Performance Assessment Reports-regarding

No.21011/27/2015-Estt. (A-II) Government of India Ministry of Personnel, P.G. and Pensions Department of Personnel & Training North Block, New Delhi-110001 Dated: 11th February, 2016 Office Memorandum Subject: Instructions/Guidelines relating to filling up the Integrity Column of Annual Performance Assessment Reports-regarding. The undersigned is directed to refer the existing instructions/ guidelines of this Department on filling up the column relating to integrity in ACRs (now APARs). It has been brought to the notice that...

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Implementation of 7th Pay Commission to impact govt's fiscal math: Deutsche Bank

Implementation of 7th Pay Commission to impact govt's fiscal math: Deutsche Bank New Delhi: Implementation of the Seventh Pay Commission recommendations is likely to exert pressure on the government's fiscal finances and inflation trajectory going forward, says a Deutsche Bank report. According to the global financial services firm, the government is likely to meet its fiscal deficit target for the fiscal but may settle for a higher fiscal deficit target of 3.8 percent for 2016-17. "It will be difficult for the government to absorb the likely...

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Postal Department Has Overtaken SBI on Digital Connectivity: Ravi Shankar Prasad

Postal Department Has Overtaken SBI on Digital Connectivity: Ravi Shankar Prasad MUMBAI: The postal department has surpassed the country's largest lender, SBI, in terms of digital connectivity even before its payments bank launch, Union IT and Communications Minister Ravi Shankar Prasad today said. "The core banking solution (CBS) or digital connectivity of the postal department has surpassed the State Bank of India's digital connectivity," Prasad said at a special session on the third day of the ongoing Make in India week here. There are over...

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Jaitley Launches Portal to Collect Rs 2 Lakh cr non-tax Receipt

Jaitley Launches Portal to Collect Rs 2 Lakh cr non-tax Receipt Jaitley Launches Portal to Collect Rs 2 Lakh cr non-tax Receipt – State-owned NTPC remitted an interim dividend of Rs 989 crore to government through the electronic mode today. Finance Minister Arun Jaitley today launched a portal to electronically collect over Rs 2 lakh crore annually in non-tax receipts from sources such as dividends by state-owned firms, RBI and spectrum fee. “This (portal) has its own advantages and it will reduce a lot of manual work now,” Jaitley said while...

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EPFO Likely to Retain Interest Rate at 8.75%

EPFO Likely to Retain Interest Rate at 8.75%  – However, a final decision on this would be taken at a meeting of the Central Board of Trustees (CBT), the apex decision-making body of the EPFO, tomorrow in Chennai. The Employees’ Provident Fund Organisation (EPFO) is likely to retain the rate of interest at 8.75% for provident fund deposits for the current fiscal, sources in the labour ministry said. EPFO has been paying 8.75% interest rate for the last two fiscals to its 5 crore organised sector subscribers. Retaining of the rate for the...

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7th Pay Commission Latest News – Strike Call on 11th April 2016 – 95% Railway employees want strike – Strike Ballot conducted by AIRF on 11th and 12th of February 2016

7th Pay Commission Latest News – Strike Call on 11th April 2016 – 95% Railway employees want strike – Strike Ballot conducted by AIRF on 11th and 12th of February 2016 7th Pay Commission Latest News – Strike Call on 11th April 2016 – 95% Railway employees want strike – Strike Ballot conducted by AIRF on 11th and 12th of February 2016 NJCA, the joint action Committee represented by associations of Central Government Employees including Railway Employees and Civilian Defence Employees have planned for All India Strike on 11th April 2016 against...

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Two additional increments to nursing staff with B.Sc Degree

Two additional increments to nursing staff with B.Sc Degree Railway Board clarification on Admissibility of two additional increments to the Nursing staff possessing B.Sc. Degree after of pay in newly revised pay scales w.e.f. 01.01.96 Ministry of Railways clarification on Admissibility of two additional increments to the Nursing staff possessing B.Sc. Degree GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (Railway Board) No. PC-V/2003/I/7/6/1 New Delhi, dated 05.02.2016 The General Secretary, NFIR, 3, Chelmsford Road, New Delhi-l10055 Sir, Sub:...

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HC paves way for promotion of Bihar govt employees

HC paves way for promotion of Bihar govt employees Patna, Feb 15 (PTI) Paving the way for promotions for government employees, the Patna High Court today quashed the Bihar government’s resolution putting a ban on consideration for promotion across the board in the state. The court passed the judgment on a bunch of petitions seeking direction to the government for their promotion which they said they were not getting despite being recommended by Departmental Promotion Committee (DPC). The state government’s General Administration Department...

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Status of Implementation of Bhavishya: Minutes of Meeting held on 05.02.2016

Status of Implementation of Bhavishya: Minutes of Meeting held on 05.02.2016 Minutes of Meeting held on 05.02.2016 on the status of Implementation of Bhavishya in the Ministries / Department including their attached & subordinate offices Meeting of Minutes of Bhavishya held on 05.02.2016.     Minutes of the meeting held on 05.02.2016 at 11.00 AM under the Chairpersonship of Secretary (P&PW) on the status of Implementation of Bhavishya in the Ministries/Department including their attached & subordinate offices    ...

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