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Saturday, July 30, 2011

Expected DA from July 11


Expected DA from July 11

All India Consumer Price Index for Industrial Workers (CPI-IW) for the month of June 2011 has been announced by Ministry of labour and Employment.As per Press Information Bureau's report in this regard CPI-W for the month of June-2011 stood at 189.With this announcement, all data required for estimation of increase in Dearness allowance for Central Government Employees with effect from 1st July 2011 have been given in black and white by Government. Let's have a look at the same.

Month    Jan-11  Feb-11  Mar-11   Apr-11    May-11    Jun-11

CPI(IW) 188       185        185         186          187         189

     Use this GConnect DA Calculator to estimate DA from July-2011As we predicted last month (see this article), Dearness Allowance with effect from 1st July 2011 is estimated to be 58%. Consequently Central Government Employees may get an increase in DA of 7%, compared to the existing DA rate of 51%  

Source : Gconnect

Friday, July 29, 2011

Non-performance of overtime duty

Non-performance of overtime duty

Government of IndiaMinistry of Communication & IT Department of PostsS R Section Dak Bhawan, Sansad Marg New Delhi – 110 001 No. 8 – 9 / 2011 – SR, Dated 21st July, 2011

ToAll Heads of Postal CircleAll Postmasters General

All Directors / Dy. Directors of Accounts (Postal)All Directors, Postal Training CentersPostmasters General, Foreign mails, MumbaiDirector, Postal Staff College, GhaziabadChief General Manager, PLI, Chanakyapuri PO, New DelhiChief General Manager, BD Dte., Dak Bhawan, New Delhi


Sub: Imposing of statutory punishments for non-performance of O T Duty – Reg. ............I am directed to refer to the Department’s letter No.2 – 4 / 2005 – SR ( I ), dated 16.06.2006 and letter No.

2 – 6 / 2009 – SR, dated 26.10.2009 on the above subject.

2. The Staff Side again took up the matter of imposition of statutory punishments for non-performance of overtime.
3. In this regard attention is drawn to Item No. 4 of the minutes of the meeting circulated vide No.8 – 9 / 2011 – SR, dated 06.07.2011 and as decided , it is reiterated that imposing of statutory punishments for non-performance of overtime may be resorted to in rare and exceptional circumstances. This instruction may be complied with both in letter and spirit.

Yours faithfully, Sd/-( Subash Chander )Director ( SR & Legal )

Source : Sahuliyat

LGO Coaching Class

LGO Coaching Class
Message from Shri.P.Karunanithi, ASP, Madurai reg LGO Exam Coaching Class.

Date : July : 31.07.11

August : 07 / 14 / 15 / 28 / 31.08.11

Venue : Madurai HO

Time : 0930 to 1700 hrs.

For more details Pl call : 94433 29681

Online registration for Central Government Holiday Homes

New website launched Online registration for Central Government Holiday Homes and and Touring Officers Hostel


CENTRAL GOVERNMENT HOLIDAY HOMES AND TOURING OFFICERS HOSTEL DIRECTORATE OF ESTATES,

M/o URBAN DEVELOPMENT,

GOVERNMENT OF INDIA

IMPORTANT NOTICE
Holiday Homes and Touring Officers Hostel
(Launch Date : 01-August-2011)
This site is getting ready for use. Online registration and other services at this website will be available from 01-August-2011. Through this website, from 1st August 2011 onwards you will be able to register for new applications and see the status of applications registered in previous version.
Click here to get the website
Source: http://holidayhomes.nic.in/

Tuesday, July 26, 2011

NEWS AT HEAD QUARTERS


The Latest developments on some strike charters are finished hereunder for the consumption of our members.

● Orders on officiating pay in higher posts – ordered are placed for signing will be released within two days.

● Orders to recommend grant and relief up to 3 days EL to Head Postmasters – will be released tomorrow or day after tomorrow.
● Order to bring staff on Sundays & holidays – orders issued last week itself. Copy could not be obtained today. Will be exhibited after its receipt.

● Revision of Recruitment Rules to Group D – Draft has been approved and will be notified by amendments to recruitment rules.

● Two more chances to appear LGO exam for those exhausted six chances – instead of two more chances, the file has been placed for enhancement of six chances to eight chances. Since the explained the urgency for its implementation in the notified LGO exam, it is assured to released the orders before the end of this month.

● It is informed that the revision of postman recruitment Rules for Postmen will be finalized by considering the number of candidates passed in the proposed postmen examination.

● Orders for dropping the confirmation examination –The draft on orders has been placed for approval.


 Revised Recruitment Rules for Postal Assistants – As per the RR 2002, there are 49 Categories eligible to appear the exam and most of the categories are not in existence. Now the existence of the category is being processed and the recruitment rules will be finalized.


(i) All the outsider candidates' secured 60% marks will be allowed to appear the PA recruitment examination.


(ii) Unfilled LGO vacancies will be thrown open to GDS without any mark condition.

● Revised Recruitment Rules for HSG I – The Staff Selection Commission have raised some queries which have been replied. It is expected that the HSG I Recruitment Rules will be returned from SSC within a week or fortnight, 100% HSG I posts for general line has been already incorporated in the revised recruitment rules.

● Postmaster's cadre Grade III will be filled up regularly only after the approval of HSG-I Recruitment Rules since the seniority to the existing HSG-I Officials on adhoc basis shall be given seniority in the newly formed cadre.
● Appearing PH candidates for IPO exam – now the department has approved for allotment of vacancies for PH candidates in IPO exam and the file will be sent to social welfare Department for information and formal approval.
● MACP fixation on acquiring TBOP/BCR – orders have been issued.

● Cadre Restructuring Committee – we could not meet the concerned Director (SR) informed that it will be convened shortly.
● Separate cadre for PO & RMS Accountants, will be sorted out in the committee.
● We requested to expedite the release of tenure posting conditions imposed on the single handed SPMs.
● Cash handling point to GDS – Proposal for formation of a committee has been initiated to review and implement the decision.
● Protection of TRCA – File has been submitted to Finance (IFW)
● Grant of Special Allowance to all irrespective of MACP I, II, or III – the IFW sought linking of old files and files have been submitted for approval.
● Treasury Allowance – File has been submitted to IFW.

. Director (SR) told that he is processing the case of allotment of staff quarter with reference to old orders related to post attached quarters and will finalise the shortly.

In respect of other issues, we could not take follow up action today and will process further after returning from Lucknow Federal Executive (i.e.) on 28.07.2011.



M.Krishnan

Secretary General NFPE

Friday, July 22, 2011

10 Things To Do Before You Retire


               Don’t put off today what you can’t afford to do tomorrow. In spite of the world wide pension crisis and a growing acceptance that we must plan and save for our retirement, the harsh reality is we are actually not saving enough. Research reports reveal that only 15% of the individuals are saving sufficiently for their retired life. Here are a few tips on things to do before you retire so that your retired life is more comfortable and enjoyable.



Get Rid of All Your Debts



If you are taking a housing loan, personal loan, car loan or any other loan make sure that you will be repaying them on or before your retirement. You need to choose the term of the loan in accordance with your retirement age. You can enjoy your retired life when you have 100% financial freedom, not when you have to repay your loans.



Protect Your Emergency fund







Emergency expenses can happen any time. But the possibility goes up during the old age. So we need to enhance the emergency reserve year on year based on the inflation and change in your expense levels. Emergency fund will give you a sense of security and also you need not touch your other investments during emergency where you need to pay pre-closure penalty. Also don’t forget to refill the emergency fund once you met an expense out of emergency fund.



Establish a Retirement Budget



You need to visualize your retired life well in advance and need to create a budget for your retirement. That is you will not be going to office. So the expenses on transport and clothes may come down. Also you will have more time to spend. You may need to spend more on leisure travel and health care.



Examine Your Cash Flow



Take a close look at your cash inflow as well as outflow. Is there going to be any income after retirement? Like rent, royalty…. Would there be any unwanted outflow during retired life? Like paying life insurance, or SIP. At times during your beginning of the career , you could have taken a policy where you need to pay premium up to the age of 60. But now you may plan to retire at 55 itself. So you need to realign your existing policy and otherinvestments in sync with your retirement age.



Grow Your Retirement CorpusFind out how much corpus you need to have when you retire so that you will be having complete financial freedom. A professional financial planner will of great assistance to you in this regard.



Develop a withdrawal strategy



How are you planning to withdraw your cash outflow during retirement from the retirement corpus? Monthly, quarterly, half yearly or annually? Through Sytematic Withdrawal plan in mutual funds or by way of dividend or interest. All these will have a great impact on the corpus you need to accumulate. So you need to decide in advance.



Minimize taxes



Your retirement corpus and retirement income need to be tax efficient. You need to pay taxes as and when the fixed deposits matures irrespective of that you withdraw interest or reinvest under a cumulative option. But you need to pay interest only when you withdraw from the mutual funds. Careful selection ofinvestment vehicle can reduce your tax during the retired life.



Get Sufficient Mediclaim coverage



The moment you retire, your employer will stop covering you under the group mediclaim. So you need to plan for your individual medical cover well in advance. At old age the medical expenses are inevitable. If you have not planned it properly the all your retirement plan will become a mess.Consider Inflation adjusted annuitiesThe monthly income you need when you retire is not going to be the same even after 5 years of your retirement. Inflation will increase your retirement expenses year after year. So year after year your retirement income needs to go up.Oversee estate planningHow your fixed assets and financial assets need to be distributed to your legal heirs? Create a WILL. You can avoid creating relationship problems to your next generation because of your left out wealth.



The author is Ramalingam K, an MBA (Finance) and Certified Financial Planner. He is the Founder and Director of Holistic Investment Planners(www.holisticinvestment.in) a firm that offers Financial Planning and Wealth Management. He can be reached at ramalingam@holisticinvestment.in.



Courtesy : ALLCGNEWS