Saturday 24 March 2012

Oxford to take Indian school toppers


Kharagpur,  March   24, 2012(IANS): The hallowed Oxford University has decided to allow the toppers of ISC and CBSE exams direct entry to its undergraduate courses from the academic session of 2013, a senior university official said.
Oxford, an internationally-renowned university, with outstanding academic achievement and innovation.
The vice chancellor professor of Oxford, Andrew Hamilton in a press conference at IIT- Kharagpur Friday expressed his happiness over the decision to allow toppers of India to have their undergraduate courses in Oxford University.
“We want to draw the best students from India to Oxford. It has been decided that we will accept Class XII examinationresults for all undergraduate courses at Oxford,” said Hamilton.
Earlier Indian students needed to appear for their A-levels, SATs or the International Baccalaureate as the criteria for getting admitted in the undergraduate courses at Oxford.
Under the new rule, the university will now make conditional offers of entrance to those students who acquire more than 90 percent in the CBSE and ISC exams. An Indian aspirant who opts for the science course in Oxford at the undergraduate level may also need to take the Indian IIT entrance examination.

CABINET APPROVES 7% HIKE IN DEARNESS ALLOWANCE...


CABINET APPROVES 7% HIKE IN DEARNESS ALLOWANCE...

UNION CABINET APPROVED A PROPOSAL TO HIKE ADDITIONAL DEARNESS ALLOWANCE BY 7% FOR CENTRAL STAFF AND CENTRAL PENSIONERS...

THE CENTRAL GOVERNMENT ON FRIDAY APPROVED A SEVEN PER CENT HIKE IN DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS, THIS HIKE IS TO BE EFFECTIVE RETROSPECTIVELY FROM JAN 2012...

THE DEARNESS ALLOWANCE AND DEARNESS RELIEF FOR CENTRAL GOVERNMENT SERVING EMPLOYEES AND PENSIONERS WILL INCREASE FROM 58% PER CENT OF BASIC EMOLUMENTS TO 65% PER CENT WITH EFFECT FROM 1.1.2012.

Railway Employees to get one increment at par with Central Government Employees



In line with the orders issued by Ministry of Finance for grant of one increment in the pre-revised pay scale to nullify the anomaly in respect of central government employees who were in receipt of pre-revised increment between February 2006 to June 2006, Ministry of Railway has also issued a similar order for grant of one annual increment to railway employees who were due to get their annual increment between February to June during 2006.

As per Railway Board’s order in this connection, in exercise of the powers available under RS(RP) Rules, 2008, the President is pleased to decide that in relaxation of stipulation under Rule 10 of these Rules, those Railway employees who were due to get their annual increment between February to June during 2006 may be granted one increment on 1.1.2006 in the pre-revised pay structure on 1.7.2006 as per Rule 10 of RS(RP) Rules, 2008. The pay of the eligible employees may be re-fixed accordingly.
The GConnect increment arrears calculator can be used to calculate approximate pay arrears consequent on pay re-fixation as on 01.01.2006.
The text of the Railway Board’s order dated 23.03.2012 issued in this regard is as follows
GOVERNMENT OF INDIA/BHARAT SARKAR 
MINISTRY OF RAILWAYS/RAIL MANTRALAYA 
(RAILWAY BOARD)
S.No. PC-VI/2801 
RBF No.40/2012
No.PC-VI/2012/I/RSRP/1 
New Delhi, dated 23.03.2012
The GMs/CAOs(R), 
All Indian Railway & Production Units 
(As per mailing list)
Sub: Railway Service (Revised Pay) Rules, 2008 – Date of next Increment in the revised pay structure under Rule 10 of the RS(RP) Rules, 2008.
In accordance with the provisions contained in Rule 10 of the RS(RP) Rules, 2008, there will be a uniform date of annual increment, viz, 1st July of every year. Employees completing 6 months and above in the revised pay structure as on 1st of July will be eligible to be granted the increment. The first increment after fixation of pay on 1.1.2006 in the revised pay structure will be granted on 1.7.2006 for those employees for whom the date of next increment was between 1st July, 2006 to 1st January, 2007.

2. The Staff Side has represented on this issue and has requested that those employees who were due to get their annual increment between February to June during 2006 may be granted one increment on 01.01.2006 in the pre-revised scale.
3. On further consideration and in exercise of the powers available under RS(RP) Rules, 2008, the President is pleased to decide that in relaxation of stipulation under Rule 10 of these Rules, those Railway employees who were due to get their annual increment between February to June during 2006 may be granted one increment on 1.1.2006 in the pre-revised pay structure on 1.7.2006 as per Rule 10 of RS(RP) Rules, 2008. The pay of the eligible employees may be re-fixed accordingly.
4. This issues with the concurrence of Finance Directorate of the Ministry ofRailways.
5. Hindi version will follow.
sd/- 
(Hari Kishan) 
Director Pay Commission-II 
Railway Board
 
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Clarification in respect of PLI





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Validity Of Cheque/Draft/Pay Orders/Banker’s changed To 3 Months Instead Of 6 Months



From April 1st 2012 onwards validity of Cheque /Draft/Pay orders/ Banker's Cheque will be three months instead of 6 months.A circular issued by the Reserve Bank of India has asked all banks to implement the new rule from April 1, 2012. It has asked banks to notify holders of such instruments of the change in practice by printing or stamping on the cheque leaves, drafts, pay orders and banker's cheques issued on or after April 1, 2012,
The new rule come into force because that some unscrupulous people were circulating the cheques as cash for close to six months, thereby creating a tradeable instrument which was never intended under the RBI rules
Banking circles said the move could lead to some practical problems for individuals, particularly if they were not aware of the new rule that would come into effect next year. “People should not only present their cheque in time, but also ensure that if they are receiving a cheque from a company for a service rendered, the date should be checked,” a banker said.