Clarification on change of nominee and Insurant name.

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Clarification about treatment of Voter ID Card and Aadhaar Card as age proof.

Interest rates on PF deposits increased

NEW DELHI: Retirement fund body EPFO today decided to pay 8.5 per cent interest rate to its over five crore subscribers on their PF deposits for 2012-13, higher than 8.25 per cent provided in the previous fiscal. 

The decision was taken at the meeting of the Central Board of Trustees (CBT), the highest decision making body of the Employees' Provident Fund Organisation (EPFO). The meeting was chaired by the labour minister. 

 "A decision has been taken to pay 8.5 per cent interest on PF deposits, but we have expressed our reservations as we wanted higher interest rate," said D L Sachdev, Secretary All India Trade Union Congress (AITUC) after the CBT meeting.

 (The notification on interest rate is issued by the government after concurrence with the finance ministry).

Transfer and Posting order of the JAG Officers of the Indian Postal Service Group-A

The following transfer and posting order of the JAG Officers of the Indian Postal Service Group-A has been issued vide Directorate Memo No.2-8/2013-SPG dated 21^st February, 2013.

 

Sl. No.	Name of the Officer	Presently Posted	Posting on Transfer
1	Sh. Pranav Kumar (IPoS-1995)	Director New Delhi GPO, Delhi Circle	Director (Mails& SP), Delhi Circle
2	Sh. A.K. Sing(IPoS-1989)	DPS, North Region, Muzaffarpur, Bihar Circle	Director (BD & Mktg), Odisha Circle
3	Sh. Pranoy Sharma (IPoS-1998)	OSD to Secretary (Posts)	AGM (BP), BD & M Directorate, New Delhi
4	Sh. Pawan Ku. Sing (IPoS-2000)	Director (BD, Tech & Mktg), Odisha Circle	DPS (HQ), Odisha Circle
5	Sh. Aman Sharma	Director (Mails& SP), Delhi Circle	OSD to Secretary (Posts)

 

HIGHLIGHTS OF RAIL BUDGET 2013-2014

Railway Budget 2013-14: Railway Institute for Financial Management for Secunderabad

• Dynamic fuel adjustment component to be introduced on freight rates from April one, that will result in less than five per cent increase in rates.
• Identification of 104 stations for upgradation in places with more than one million population and of religious significance:Rs 9000 crore investments expected including Rs 3,800 crore in port connectivity and Rs 800 crore in iron ore mines connectivity. Indian Railway Institute for Financial Management to be set up at Secunderabad to train rail officers on a regular basis
• New coach manufacturing and maintenance facilities to be set up in various places including Rae Bareli, Bhilwara, Sonepat, Kalahandi, Kolar, Palakkad and Pratapgarh
• Railway Energy Management Company to be set up to harness solar and wind energ
• Railways’ freight loading traffic scaled down by 100 million tonnes from 1025 million tonnes because of economic slowdown.
• Freight target fixed at 1,047 MT for 2013—14, 40 MT over the current year
• Corporate Safety Plan to be prepared for ten—year period (2014—24).
• Railways to set up six more Rail Neer bottling plants.
• Railways set to enter 1 billion ton freight club of China, Russia and US.