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Monday, 9 December 2013
National Pension System (NPS) - Abbreviations and Definitions
National Pension System (NPS) - Abbreviations and Definitions
Abbreviations and Definitions of National Pension System compiled here under for your information. The key words are frequently used among the employees working in Central and State Governments...
The following words and expressions shall have the meaning specified below, unless the context otherwise requires:
Abbreviations and Definitions of National Pension System compiled here under for your information. The key words are frequently used among the employees working in Central and State Governments...
The following words and expressions shall have the meaning specified below, unless the context otherwise requires:
Abbreviations
| |
ASP
|
Annuity Service Provider
|
CGMS
|
Centralised Grievance Management System
|
CRA
|
Central Recordkeeping Agency
|
DC
|
Defined Contribution
|
GRC
|
Grievance Redressal Cell
|
GRM
|
Grievance Redressal Mechanism
|
IMA
|
Investment Management Agreement
|
IPO
|
Initial Public Offer
|
KYC
|
Know your Customer
|
NPS
|
National Pension System
|
NRA
|
Normal Retirement Age
|
PFs/PFMs
|
Pension Funds/Pension Fund Managers
|
PFRDA
|
Pension Fund Regulatory and Development Authority
|
POP
|
Point of Presence
|
POP-SP
|
Point of Presence – Service Provider (Authorized branches of POP for NPS)
|
PRA
|
Permanent Retirement Account
|
PRAN
|
Permanent Retirement Account Number
|
TB
|
Trustee Bank
|
FEMA
|
Foreign Exchange Management Act
|
Definitions
| |
Applicable NAV
|
Unless stated otherwise in the Offer Document, 'Applicable NAV' is the Net Asset Value at the close of a Working Day.
|
Applicant
|
An individual who has expressed interest in joining NPS and has duly completed all formalities.
|
Custodian
|
Agency responsible for holding assets of the NPS Trust. Refers to the Stockholding Corporation of India Limited (SHCIL)
|
IMA
|
Investment Management Agreement, entered into between NPS Trust and the Pension Funds.
|
Offer Document
|
This document, issued by PFRDA, making an offer to potential applicants to subscribe to NPS.
|
RBI
|
Reserve Bank of India, established under the Reserve Bank of India Act, 1934.
|
Subscriber
|
An individual who has become a member of the NPS
|
Unit holder
|
Subscriber is also referred to as unit holder with respect to the units he/she owns.
|
Trust Deed
|
The Trust Deed entered into between the NPS Trust and PFRDA, as amended up to date, or as may be amended from time to time.
|
Trust Fund
|
The corpus of the Trust and all property belonging to and/or vested in the Trustees.
|
Working Day
|
A day other than any of the following (i) Saturday or Sunday; (ii) a day on which banks including the Reserve Bank of India are closed for business or clearing and (iii) a day on which the Purchase and Redemption of Units is suspended.
|
CAT Hyderabad Bench allowed ASPs to compete in LDCE for the promotion to Sr. Postmaster examination
The following OAs admitted in CAT Hyderabad bench were disposed-of on 13/11/2013 in favour of applicants. Today, applicants have received copy of judgement.
Sl. No.
|
Name of applicant
|
OA No.
|
1
|
C. H. Vijay Gopal, ASP, Secunderabad South Sub Division, Seecrunderabad 500025 and
G V. Shrinivasan, ASP (HQ), o/o SPOs, Kurnool Division, Kurnool.
|
1279/2011
|
2
|
B. Krishna, ASP (HQ), Nalgonda Division, Nalgonda.
|
1314/2011
|
3
|
All India Association of Inspectors and Asstt. Supdt. Posts, AP Circle Branch represented by Circle Secretary, Shri S. Shabhir, AD (HD&T), o/o PMG, Hyderabad Region, Hyderabad.
|
1316/2011
|
Brief of judgment :
The applicants who are holding the posts of ASPOs are provided from appearing for the departmental examination for promotion to the post of Sr. Postmasters, and only Inspectors of Posts which is lower grade post than the ASPOs are allowed to upper for the examination and in case they qualify in the examination, they would become seniors to ASPOs, which posts the applicants are holding and would be an anomalous situation. The contention of respondents that the applicants are holding Gazetted posts in the GP of Rs. 4600/- and as such, they need not be allowed to appear for exam cannot be accepted as the GP of Sr. Postmaster is Rs. 4800/-
It is make it clear that the applicants an and the persons similarly placed to the applicants, who are holding the post of ASPOs, shall be allowed to compete in the LDCE for promotion to the post of Sr. Postmasters as and when the recruitment take place, subject to other conditions of eligibility being satisfied.
Source : http://postalinspectors.blogspot.in/
Revised Establishment Norms for Operational Activities at Speed Post
No. 28-8/2011-D
Government of India
Ministry of Communications & IT
Department of Posts
Mail Business Division
Dak Bhawan, Sansad Marg
New Delhi-110001
Dated 13-08-2013
OFFICE MEMORANDUM
Government of India
Ministry of Communications & IT
Department of Posts
Mail Business Division
Dak Bhawan, Sansad Marg
New Delhi-110001
Dated 13-08-2013
OFFICE MEMORANDUM
Sub:- Revised Establishment Norms for Operational Activities at Speed Post Sorting Hubs, Intra-Circle Hubs and Computerised Registration Centres
Attention is invited to the Directorate OM of even no. dated 17-01-2013 vide which revised norms for operational activities at Speed Post Sorting Hubs, IC Hubs and CRCs were circulated.
2. Reference were received as to whether the revised norms for sorting circulated vide O.M. referred to above were to be considered as productivity norms or establishment norms. It is clarified that the establishment norms for operational activities other than that for “Sorting of Articles” would be the same as circulated vide Directorate OM of even no. dated 17-01-2013. Establishment norm for “Sorting of Articles’ has been fixed as 0.079 minute per article (i.e. 760 articles per hour). However, time factor for productivity pertaining to sorting of articles would continue to be 0.063 per article (i.e.950 articles per hour).
3. This issues with the concurrence of Integrated Finance Wing vide their Diary No. 113/FA/13/CS dated 12-08-2013.
Sd/-
(Rishikesh)
Director (Mail Management)
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