Last date for using OHD notes extended till 14.11.2016 - Finmin Orders

Last date for using OHD notes extended till 14.11.2016 - Finmin Orders Press Information Bureau Government of India Ministry of Finance 11-November-2016 19:14 IST Government extends existing exemptions with regard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs.500 and Rs.1,000 denominations until the expiry of 14th November, 2016, with certain modifications / additions to the existing exemptions; Governments reassures that there is enough cash with RBI and Supply of cash to...

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Spike in bank deposits in September due to 7th Pay Commission arrears: FM

Spike in bank deposits in September due to 7th Pay Commission arrears: FM New Delhi: Union Finance Minister Arun Jaitley on Saturday said there was a spike in bank deposits only in September during the last one year, largely due to the 7th Pay Commission arrears being released in August. The FM was addressing a press conference here on the current demonetization move. The 4.8 million central government employees and 5.2 million pensioners got theirs arrears of basic pay and pension arising from implementation of the 7th Pay Commission...

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OROP: Steps being taken to rectify anomalies, says Minister

OROP: Steps being taken to rectify anomalies, says Minister Kochi: Seeking to reach out to retired soldiers, Union government today assured the ex-servicemen that it was taking all steps for “resolving the anomalies” in One Rank One Pension (OROP) and seventh pay commission. Minister of State for Defence, Subhash Bhamre, also said Prime Minister Narendra Modi and Defence Minister Manohar Parrikar, who are “very sensitive” to the issues of ex-servicemen, are “personally looking into the effective implementation” of OROP scheme. “The ...

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What is the procedure to change the 500, 1000 notes through representative ?

What is the procedure to change the 500, 1000 notes through representative ? In case you are not possible for you to visit the bank you may send your representative with an express mandate i.e. a written authorisation. The representative should produce authority letter and his / her valid identity proof while tendering the notes. Proof of identity: Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card,...

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Maternity Leave (ML) for Railway Employees

Maternity Leave (ML) for Railway Employees It is a full pay leave not debited to any account. It is granted as under: For confinement 180 days Miscarriage/Abortion 45 days during service Female Casual workers 4 weeks Temporary Railway employees may be granted Maternity Leave if their employment is likely to continue till they come back to service may be granted Maternity Leave on the basis of Medical Certificate. It may be combined with any other type of leave. Any leave (including LND) upto a maximum 2 years may be granted...

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Paternity Leave (PL) for Railway Employees

Paternity Leave (PL) for Railway Employees Granted to male Railway employees (including Apprentices) with less than 2 surviving children. Granted for 15 days. During the period of confinement of wife of a Railway employee. Can be availed in the period between 15 days prior and 6 months after the date delivery of the child. Can availed only in one spell. If not availed it will be lapsed. It is not to be debited against leave account. Maybe combined with any other type of leave as in Maternity Leave. Leave salary equal to pay drawn just before...

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Railway Budget merger with General Budget will have positive effects

Railway Budget merger with General Budget will have positive effects Railways today maintained that the merger of its budget with General Budget will have no adverse effect on its functioning and there will be positive outcome as the exchequer support to the national transporter will increase henceforth. Railway Minister Suresh Prabhu will not present a separate Rail Budget for the fiscal 2017-18 in the coming budget session in Parliament as the government has decided to do away with the year-long tradition of having it separately. “Merger...

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