Every 2nd and 4th Saturday of every month as public holiday for banks in India with effect from 1st September, 2015

Every 2nd and 4th Saturday of every month as public holiday for banks in India with effect from 1st September, 2015

Ministry of Finance issued orders and necessary gazette notifications regarding declaring every 2nd and 4th Saturday of every month as public holiday for banks in India with effect from 1st September, 2015

F.No.4/1/7/2015-IR

Government of India

Ministry of Finance

Department of Financial Services

Jeevan Deep, IIIrd Floor,

Parliament Street, New Delhi

Dated the August 20. 2015

To
1. Dy. Governor,
Reserve Bank of India.
Central Office,
Mumbai.

2. Chief Executive,
Indian Banks’ Association,
Mumbai.

Subject: Wage Negotiation between IBA Workmen Unions and Officers’ Association – 10th BPS – 2nd and 4th Saturday as Holidays

Sir,

I am directed to refer to IBA’s letter No. HR&IR/XBPS/3/975 dated 25th June, 2015 and RBI’s letter No.DBR(Leg.)No.953/09.04.022/2015-16 dated 15.7.2015 on the subject cited above and to enclose herewith a copy of the Notification(in English and in Hindi) regarding declaring every second and fourth Saturday of every month as public holiday for banks in India with effect from 1st September, 2015.

2. RBI and IBA are requested to take necessary action accordingly.

3. This issues with the approval of Competent Authority.

Encl. As above

Yours faithfully.

sd/-

(Manish Kumar)

Under Secretary to the Government of India

To be published in the Gazette of India, Extra ordinary, Part II, Section 3, Sub-section (II)

MINISTRY OF FINANCE

(DEPARTMENT OF FINANCIAL SERVICES)

NOTIFICATION

NEW DELHI, THE 20 AUGUST, 2015

S.O. – (E) In exercise of the powers conferred by section 25 of the Negotiable Instruments Act, 1881 (26 of 1881), the Central Government hereby declares the second and the fourth Saturday of every month as publlc holiday for banks in India, whether or not such banks are Included In the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), with effect from the 1st day September, 2015.

(F. No. 4/1/7/2015-IR]

sd/-

(Mohammad Mustafa)

Joint Secretary to the Government of India

To
The Manager,
Government of India Press,
Ring Road, Mayapuri,
New Delhi -110064.

Image Source: www.banknewskumar.blogspot.in

Jeevan Pramaan - Aadhaar based Digital Life Certification system for Pensioners

Aadhaar based Digital Life Certification system for Pensioners – Jeevan Pramaan
‘Jeevan Pramaan’, the Aadhaar-based Digital Life Certification system, for Pensioners

The Government has asked banks to achieve weekly targets set for the purpose of enabling “Jeevan Pramaan” – an “Aadhaar-based Digital Life Certification system for Pensioners so as to cover at least 50% in next 2-3 weeks. Pensioners can approach their paying branches with the PPO, Aadhaar card and bank pass book for trouble-free seeding of Pensioners’ Aadhaar number in their bank account.

Various steps are being taken by the Government to sensitize pensioners and bank branches to link up the Aadhaar number, PPO number and bank account number. All pension disbursing banks observed 1st to 7th August, 2015 as ‘Aadhaar Seeding Week for Pensioners.’ All through the week, priority was given to pensioners visiting the bank branches for seeding Aadhaar number in their bank account. Besides, five camps were organised from 13th to 17th July, 2015 at different locations covering Delhi, NOIDA and Faridabad to facilitate seeding of Aadhaar number in the bank accounts of pensioners. All banks participated in these camps. Facility was also provided by UIDAI for on-the-spot registration for Aadhaar numbers.

Conventionally, pensioners are required to give a Life Certificate to the pension disbursing authority in November, every year – either by presenting themselves before the Branch Manager or by means of a Certificate issued by a Gazetted Officer or other designated authorities.

The “Jeevan Pramaan” – an “Aadhaar-based Digital Life Certification system with an objective to facilitate on-line submission of Life Certificate by pensioners, was launched by the Prime Minister Shri Narendra Modi on 10th November, 2014. This facility is in addition to the other existing methods of submitting Life Certificates. It is hoped that all pensioners who have Aadhaar numbers will make use of this additional facility of biometric life certification.

With “Jeevan Pramaan” the pensioners and family pensioners need not visit the pension disbursing agency or Gazetted/designated authority for submission of Life Certificates. The Life Certificates may be submitted from personal computers and laptops at home or by visiting a conveniently located Common Service Centre or the nearest branch of any pension disbursing bank. There are about 55,000 branches of pension disbursing banks and 40,000 Common Service Centres throughout the country. Submission of Digital Life Certificate also ensures authenticity of pension payments.

How to get Digital Life Certificate through online ?

Web-Based Portal www.vidyalakshmi.co.in Launched for Students Seeking Educational Loans

www.vidyalakshmi.co.in Launched for Students Seeking Educational Loans

A Web-Based Portal VIZ. Vidya Lakshmi (www.vidyalakshmi.co.in) Launched for Students Seeking Educational Loans; First Portal of Its Kind Providing Single Window for Students to Access Information and Make Application for Educational Loans Provided by Banks as well as for Government Scholarships

A web-based portal viz. Vidya Lakshmi (www.vidyalakshmi.co.in) was launched on the occasion of Independence Day i.e. 15th August, 2015 for the benefit of students seeking Educational Loans. The Portal has been developed and maintained by NSDL e-Governance Infrastructure Limited (NSDL e-Gov) under the guidance of Department of Financial Services, Ministry of Finance, Department of Higher Education, Ministry of Human Resource Development and Indian Banks’ Association (IBA).

Earlier the Union Finance Minister Shri Arun Jaitley in the Union Budget for 2015-16 inter-alia had proposed to set-up a fully IT based Student Financial Aid Authority to administer and monitor Scholarship as well as Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram (PMVLK) to ensure that no student misses out on higher education for lack of funds. The launch of the aforesaid Portal is a first step towards achieving this objective,

Vidya Lakshmi Portal is a first of its kind portal providing single window for Students to access information and make application for Educational Loans provided by Banks as also Government Scholarships. The Portal has the following features:

· Information about Educational Loan Schemes of Banks;

· Common Educational Loan Application Form for Students;

· Facility to apply to multiple Banks for Educational Loans;

· Facility for Banks to download Students’ Loan Applications;

· Facility for Banks to upload loan processing status;

· Facility for Students to email grievances/queries relating to Educational

· Loans to Banks;

· Dashboard facility for Students to view status of their loan application and

· Linkage to National Scholarship Portal for information and application for

· Government Scholarships.

So far, 13 Banks have registered 22 Educational Loan Schemes on the Vidya Lakshmi Portal and 5 Banks viz; SBI, IDBI Bank, Bank of India, Canara Bank & Union Bank of India have integrated their system with the Portal for providing loan processing status to students. This initiative aims to bring on board all Banks providing Educational Loans. It is expected that students throughout the country will be benefited by this initiative of the Government by making available a single window for access to various Educational Loan Schemes of all Banks.

CSD CANTEEN FACILITIES TO RETIRED DEFENCE CIVILIANS

CSD facilities for Retired employees – MoD Order with Application Forms

CSD CANTEEN FACILITIES TO RETIRED DEFENCE CIVILIANS

1. Refer Army Order 02/2006/QMG

2. Government of India has decided to extend the CSD Canteen facilities to the Retired Defence Civilian Employees vide MoD letter No. F.No.8(14)/2015-D(Mov) dated 31 Jul 2015.

3. Eligibility : Retired Defence Civilian Employees of following departments who were not entitled to avail CSD facilities will now be entitled for CSD facilities:

(a) Ministry of Defence including those working in their respective attached offices and those working in lower military formations.

(b) Defence Audit Departments.

(c) Executive Officer Cantonment Board

(d) Hindutan Aeronautics Ltd personnel retired from Air Force Station Hyderabad, Jorhat, Air Force Academy, Dundigal (Hyderabad) and Air Force Station Yelahanka(Bangalore)

(e) Indian Defence Accounts Services.

(f) Secretariat Border Roads Development Board and HQ Director General Border Roads.

(g) Retired employees of Canteen Stores Departments who are getting pension from CSD Fund.

(h) MES Employees.

4. Entitlement : They will be entitled for only Grocery Stores. No Liquor will be authorised.

5. Validity : The cards will have a validity of 10 years, from the date of issue and will be renewed every year.

6. Process for applying for Retired Defence Civilian Employees Card : All Retired Defence Civilian Employees will apply for the Smart Card to the URC through which they want to avail the Canteen facilities after authentication of the application.

7. Authentication : The application form will be authenticated for its correctness by the Department from which the employees has retired. The form will be countersigned by an officer not below the Rank of Under Secretary or equivalent.

8. Documents to be submitted to Department URC : The following attested documents will be submitted to the URC :

(a) Application for Canteen Smart card duly countersigned by the competent authority.

(b) Govt order for Retirement.

(c) Copy of Pension Payment Order (PPO)

(d) Address Proof and Copy of PAN card.

(e) Payment of Rs.135 to the URC.

9. Guidelines for Authenticating Authority:

(a) Each concerned department shoud appoint officer authorised to countersigned and promulgate orders and forward details to this office.

(b) Countersigned officer will verify that all columns are filled correctly prior to countersigned.

10. Guidelines for URC : Vetting of application will be done at URC for correctness. The following will be checked :

(a) That application is filled in all respect and no column is left blank.

(b) Signature of Countersiging authority.

(c) All personal particulars are checked for correctness with PPO and other supporting documents.

(d) In case an application is rejected the same will be informed to the applicant.

(e) New card will be sent by M/s. Smart Chip Ltd to the URC for issue to applicant. URC will check details with individuals Departmental retired identity Card prior to issue of new Canteen Smart Card.

(f) Since large number of applications are likely to be received intially at the URCs, the URC Manager must exercise due diligence while scrutinising and verifying the applications.

11. Guidelines for SCL : The following will be ensured ;

(a) All applications are sent by CCTS to M/s. Smart Chip Ltd, at the earliest.

(b) On receipt of application check for correctness with existing records through old Grocery Card Number.

(c) Verify applicants personal details through PAN No. on www.verifypan.in

(d) Ensure previous card of applicatin is hotlised prior to handing over of new card for Retired Defence Civilian Employees.

12. The application form (Blue Color) for Retired Defence Civilian Employees attached as Appendix will be made available in the URCs at the earliest by M/s. Smart Chip Ltd.

13. This letter be given vide publicity by displaying at prominent places like URSs, Station HQs, CAO and other controlling HQs.

Click to Download the ‘CSD Smart Card Application Format’ 

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Click to view the order

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Read our Exclusive Article on this subject:

CSD Canteen Facilities for Retired Employees – Long pending demand accepted by MoD

Real wage hike the Central Government employee is expecting is more than 80% wage hike – Karnataka COC

Real wage hike the CG employee is expecting is more than 80% wage hike – Karnataka COC

The General Secretary of Karnataka COC Shri P.S.Prasad said in the article published in his official blog on 14.8.2015 that the real wage hike the Central Government employee is expecting is more than 80% wage hike. We reproduced full content of the article and given below for your ready reference.

Central Government Employees Salary Expenditure

CLICK HERE FOR DETAILS

Comrades,

There are various reports of wage hike from 15.79 % to 40% in news papers/social media / web sites. It is once again clarified that none of these are correct. If we go through the statement of the Finance Minister in Parliament which says the salary outgo of central government employees will go up by 9.56 per cent to Rs 1,00,619 crore in current fiscal. The pace will increase further in 2016-17 at 15.79 per cent to Rs 1.16 lakh crore with the likely implementation of the 7th Pay Commission award, the outgo towards salary will further rise in 2017-18 to over Rs 1.28 lakh crore.

The budget 2015-2016 : if go through the budget of 2015 -16 http://indiabudget.nic.in/ub2015-16/rec/tr.pdf expected tax revenue is 14,49,490.56 (In crores of rupees).

The Central Government employees wage bill is around Rs 1,00,000 crore . The actual wage bill is now at just 8.5 % of the revenue collection please see . http://finmin.nic.in/pru/BROCHURE/brochure2012-13.pdf.

The budget allocation at just 9.56 % as projected is not the real wage increase by the 7th CPC the Central Government employee is expecting, may be the 7th CPC may give higher wage increase than the budget allocation. If we go through the budget expenditure of 2008-09 when the 6th CPC was implemented the 16% of the total revenue was spent as wages.

The Government being model employer should pay its employees the real wages. The real wage hike the Central Government employee is expecting is more than 80% wage hike. Due to following factors. even the 5th CPC the wage increase was about 40% and 6th CPC recommendations the wage increase was about 40% even after merger of DA in 2004, hence the wage increase during from 2004 & 2006 together was more than 60%. Now we should hope for better wage hike from the 7th CPC.

a) The actual price rise in last decade is more than 250% , DA we got is just 119% as on 1/7/15.

b) The DA merger has not taken place as on 1/1/14 which would have given a wage hike of 25%.

c) All Government agencies such as Banks, Public sector undertakings, LIC, State Governments etc are having wage revision in 5 years, we are having only wage revision of 10 years, the price rise is eroding the wage hike in just a few years.

Let us fight for the real wage hike.

Comradely yours

(P.S.Prasad)

General Secretary

Source: http://karnatakacoc.blogspot.in/2015/08/central-government-employees-salary.html