Monday 9 December 2013

Direct Recruitment of Postman, MailGuard Karnataka Circle notification, instructions, application format....

Notification : Click Here 

REGARDING WITHHOLDING OF 10% GRATUITY FROM THE RETIRING GOVERNMENT SERVANTS - CLARIFICATION.

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
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.


Courtesy : http://90paisa.blogspot.in

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.

To view the copy of judgement, please CLICK HERE. 

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


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)