Tuesday 19 March 2013

Declination of regular promotion to PS Group B


Postal Directorate has accepted the request of the following 23 officers for declining their promotion to PS Group “B” ordered vide Directorate order number 9-23/2012-SPG dated 28.12.2012. This is incontinuation to the earlier 14 refusal accepted and orders issued on 29-01-2013.


Name of Officer
Sr. No. In order
Parent Circle
Circle allotted on promotion
Date of Declination
V Thangavelu
10
Tamilnadu
Kerala
23.01.2013
E.R.Palanisami
82
Tamilnadu
Utter Pradesh
24.01.2013
S.Subba Rao
77
Tamilnadu
Gujarat
30.01.2013
S.Sanmugham
200
Tamilnadu
Uttar Pradesh
24.01.2013
D.Sreeramulu Naik
196
Andhra Pradesh
Gujarat
01.01.2013
P.S.Chandrasekhar
145
Andhra Pradesh
Kerala
04.01.2013
Ms P. Bharatha Laxmi
151
Andhra Pradesh
Kerala
15.01.2013
T.V.Raghavulu
127
Andhra Pradesh
Maharashtra
16.01.2013
R.Krishnan
108
Karnataka
Madhya Pradesh
24.01.2013
G.C.Eligar
157
Karnataka
Bihar
18.01.2013
K.S.Telkar
109
Karnataka
Bihar
18.01.2013
S.M.Bhat
168
Karnataka
Bihar
28.01.2013
S.H.Deshbhandari
65
Karnataka
Madhya Pradesh
04.02.2013
Rajaram R Bhat
169
Karnataka
Bihar
18.01.2013
Parmod K  Nanda
129
Odisha
North East
15.01.2013
K.Chandrasekharan
21
Tamilnadu
Delhi
17.01.2013
G.C.Srinivas
163
Karnataka
Bihar
07.01.2013
Abdul Haque
13
West Bengal
West Bengal
24.01.2013
Manoj Halder
178
West Bengal
West Bengal
01.01.2013
Awadesh Kumar
195
West Bengal
North East
10.01.2013
N.S.Patel
19
Chhatishgarh
Jharkhand
28.01.2013
P.S.Ramaswamy
12
Tamilnadu
Kerala
23.01.2013
K.Dinakar
90
Karnataka
Madhya Pradesh
23.01.2013

Postal savings shrink on inflation, lower interest rates


KOLKATA/SILIGURI: The government faces the challenge of holding investment rate from slipping further as small savings continued to erode amid lower rates and persistent high inflation, which prompted households to invest in gold.

The latest data published by the Reserve Bank of India showed that outstanding small savings maintained with post offices have shrunk to 601,961 crore in December 2012, 1.5% lower than the year-ago position. Monthly savings, which has always been the top draw among all postal savings schemes, have shrunk 4% to 201,969 crore.

"People always look for alternate avenues of investment that offers higher rate of return. The promise of apparent higher return offered by non-banking financial institutes is a major attraction," said John Samuel, chief post master general in Jammu & Kashmir.

India's central statistical office said the investment rate is estimated at 35% in 2011-12 against 36.8% in 2010-11. Both public and private investment declined as a share of GDP. Savings rate is estimated at 30.8% in 2011-12 against 34% the year before as a percentage of GDP.

The moderation in the net financial household savings rate reflects a drop in small savings and slower growth in households' holdings of bank deposits, currency and life funds. 
Source : http://economictimes.indiatimes.com

Revision of provisional pension sanctioned under Rule 69 of the CCS (Pension) Rules, 1972 with illustration


No.38/6/2010-P&PW(A)Pt.)
Government of India
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners’ Welfare

3rd Floor, Lok Nayak Bhawan
Khan Market, New Delhi
New Delhi, the 18th March, 2013

Office Memorandum

Sub :- Revision of provisional pension sanctioned under Rule 69 of the CCS (Pension) Rules, 1972.

The undersigned is directed to say that in pursuance of Government’s decision on the recommendations of Sixth Pay Commission, orders for revision of pension of pre-2006 pensioners w.e.f. 1.1.2006 have been issued on 1.9.2008.

The following categories of pensioners were entitled to provisional pension as in the pre 2006 pay-scale:-

a) Employees suspended before 2006 and also retired before 1.1.2006

b) Employees suspended before 2006 but retired after 1.1.2006

c) Employees who retired before 1.1.2006 and against whom departmental / judicial proceedings were pending at the lime of retirement.

It has been decided that in all the above cases, the provisional pension sanctioned under Rule 69 of CCS (Pension) Rules, 1972 will be revised in terms of this Department’s OM No.No.38/37/08-P&PW(A) dated 1st September, 2008 as clarified/modified from time to time. An illustration regarding revision of provisional pension sanctioned under Rule 69 of CCS (Pension) Rules 1972 before 1.1.1996 is enclosed.

As regards revision of provisional pension in case of employees who are drawing provisional pension in 4th CPC scales, their provisional pension would be brought over to 5th CPC and thereafter to the 6th Central Pay Commission and their provisional pension would be revised in accordance with the instructions contained in DoP&PW OM No.38/37/08-P&PW(A) dated 1st September, 2008 as clarified/modified from time to time.

This issues with the approval of Department of Expenditure. Ministry of Finance ID No.61/E.V/2013 dated 4th January, 2013 and No.214 /E.V/2013 dated 16th January, 2013.

Hindi version will follow.

sd/-
(Tripti P. Ghosh)
Director

Source: www.pensionersportal.gov.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D3/D03ppw/RevisionOfPension_180313.pdf]

Illustration
Revision of Provisional Pension sanctioned Under Rule 69 of CCS (Pension) Rules 1972 before 1.1.1996

1. Pay Scale of a Government Servant who retired
on superannuation on 31.1.1994
3000-4500
2. Basic Pay/Average Emoluments3500
3. Provisional Pension w.e.f. 1.2.19941750
4. Revised Pay-Scale w.e.f. 1.1.199610000-15200
5. Revised provisional pension w.e.f.1.1.1996
[As per 0M No.45/86/97-P&PW(A)-Part.II]
5265
6. Revised Pay Band (PB-3] + Grade Pay(15600-39100) + 6600
7. Revised Provisional Pension w.e.f. 1.1.2006
[As per 0M No.38137/08-P&PW(A) Dated 1 September. 2008
11900
8. Revised Provisional Pension w.e.f. 24.9.2012
[As per 0M No.38/37/08P&PW(A) Dated 28th January, 2013.
12600

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