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Encashment of Leave on Average Pay (LAP) while availing Privilege Pass/ PTO – Clarification

July 27, 2011 Leave a comment

PC VI No.266 
RBE No.95/2011


GOVERNMENT OF INDIA 
MINISTRY OF RAILWAYS 
RAILWAY BOARD

No. F(E)III/2008/LE1/1 

New Delhi, dated: 22-06-2011.


The General Managers/FA&CAOs,
All Zonal Railways/Production Units
(As per Mailing List).

Subject: Encashment of Leave on Average Pay (LAP) while availing Privilege Pass/ PTO – Clarification regarding.
*****

References have been received in this office from some quarters seeking clarification as to whether Railway employees can avail encashment of leave in terms of Rule 540-A/R-I, 1985 Edition while proceeding on leave other than on LAP and Casual Leave.


2. The matter has been examined in consultation with the Department of Personnel & Training the nodal department of the Government in the matter, and it is clarified that in order to claim encashment of LAP while availing Privilege Pass/PTO, in terms of the provisions contained in Rule 540-A/R-l, 1985 Edition and as modified/clarified from time to time, Railway employees are required to avail leave, including casual leave. Holidays including Restricted Holidays, do not come within the ambit of the definition of leave for the aforesaid purpose.

3. Please acknowledge receipt.

sd/- 
(Sunil Bhardwaj)
Deputy Director Finance (Estt)III 
Railway Board.



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Categories: LEAVE ENCASHMENT, RAILWAY

Implementation of Assured Career Progression Scheme in EPF Organisation on the recommendation of 6th Central Pay Commission

July 27, 2011 Leave a comment

EMPLOYEES’ PROVIDENT FUND ORGANISATION
(MINISTRY OF LABOUR & EMPLOYMENT, GOVT. OF INDIA)
HEAD OFFICE
BHAVISHYA NIDHI BHAWAN, 14-BHIKAJI CAMA PLACE, NEW DELHI-110066

No. HRD/7(1)2011/MACP
 

Dated the 25th July, 2011

To
The Regional Provident Fund Commissioner,
Bangalore.


Sub:- Implementation of Assured Career Progression Scheme in EPF Organisation on the recommendation of 6th Central Pay Commission – reg. 


 Sir, 

 1.  Please refer to your letter No. KN/BG/Adm-l/2010-11/802, dated the l4th December, 2010 received alongwith your letter of even number dated 8th July, 2011 on the above subject.

   2. The matter has been examined in the light of instructions contained in Para-5 of Annexure-l of DOPTs OM No 35034/3/2008-Estt. (D) dated 19.05.2009 wherein it is clarified that promotions earned/up-gradations granted under the ACP Scheme in the past to those grades which now carry the same grade pay due to merger of pay scales/up-gradations of posts recommended by the Sixth Pay Commission shall be ignored for the purpose of granting up-gradations under modified ACPS.

   3. Accordingly, in the case of Group D staff who joined the Organization during the year 1987/1993, promotion granted to them as Daftry in the year 2007 would be ignored on account of merger of the pre-revised scales. On re-training, they would get Grade Pay of Rs 1800 w.e.f. 1.1 2006 and will also get two financial up -gradations in the grade pay of Rs 1900 and Rs 2000/-. The officials appointed in the year 1987 would get first and second (both) financial upgradations w.e.f 01.09.2008 since they have completed (more than) 20 years of service on 1.9.2008. the date on which the MACP came into effect.

   4. Similarly, the officials who were appointed in the year 1993 on re-training, would get Grade Pay of Rs 1800/- w.e.f 01. 01. 2006 and thereafter they would get first financial upgradation i.e Rs. 1900/- w.e.f 01. 09.2008 and second financial upgradation would be admissible in 2013 on completion of 20 years of service.

   5. The second case referred to in your aforementioned letter dated 14.12 2010 relates to one Shri Janakiram who is visually handicapped person (blind) and appointed as Helper on 03.07.1981 and appointed substantially to the post of helper w. e. f 01.04.1988. He has been doing re-canning work. Accordingly, he is performing the duties of Chair Caner in this organization since the date of his appointment i.e from 03.07.1981 till date.

   6. The first up-gradation under the earlier ACP Scheme was granted to Shri Janakiram w.e.f. 01.08 1999. The official has already completed 10 years, of regular service as on 01.08 2009 in the same post and he is eligible for second upgradation under MACP Scheme. But, the official has not been given any training (i.e., re-training to the Group D Staff for placement in the Pay Band-1 with GP-l800/-) due to the reason that he is Visually Handicapped. The PAC of RO, Bangalore is of the opinion that Sri Janakiram is not eligible for upgradation under MACP Scheme.

   7. This case has also been examined On the direction of the Head Office, the Director, NATRSS had issued instructions vide circular No. 13(20)2007/Natrss/All ZTIs/3544 dated 12.2 2009 (copy enclosed) that a Group ‘D’ employees are to be trained to make them eligible for Pay Grade revision as per the recommendations of 6th CPC. Accordingly, a training module was designed and training was given to all Group ‘D’ employees at ZTIs keeping in mind the skill enhancing activities. Information collected from the Head Office revealed that the Helpers(Blind Chair Caner’) of Headquarters also attended the said training programme and the benefit of Grade Pay of Rs.1800/- was allowed to them w.e.f, 01.01.2006.

   8. In the present case also, you may contact ZTI/NATRSS and Shri Janakiram may be given training. After training, he may first be placed in the grade of Rs. 1800/- w.e.f 01. 01.2006 and thereafter, he may be allowed the admissible MACP(first and second MACP upgradations admissible on 1. 9.2008. the date on which MACP came into effect and third upgradation on completion of 30 years of service from the date of his initial regular appointment) ignoring the promotion/ACP already given prior to 01.01 2006 in terms of DOP&T OM No. 35034/3/2008-Estt (D) dated 16.11 2009.

 
Yours faithfully,
sd/-
(P.K. Agarwal)
Regional PF Commissioner – I (HRM)


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Categories: EPF

Extension of Risk Allowance till 31.12.2011.

July 27, 2011 Leave a comment

No.21012/01/2008-Estt.(Allowance) 
Government of India 
Ministry of Personnel, P.G. & Pensions 
Department of Personnel & Training 
***** 
New Delhi, dated 19 th July, 2011.


OFFICE MEMORANDUM 

Subject:- Extension of Risk Allowance till 31.12.2011. 


   The undersigned is directed to refer this Department’s OM No. 21012/01/2008-Estt.(AL) dated 25.01.2011 vide which payment of Risk  Allowance was extended till 30.6.2011. Extension of Risk Allowance for a further period of six months beyond 30.6.2011 has been considered and it has been decided that Risk Allowance may be continued for a further period of six months upto 31.12.2011 or till such time Risk Insurance Scheme is implemented, whichever is earlier. All the Ministries/Departments are requested to ensure implementation of Risk Insurance Scheme before 31.12.2011. 

( Zoya C.B. ) 
Under Secretary to the Govt. of India 


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Categories: ALLOWANCES

Mutual Fund SIP: for Short term or Long term?

July 27, 2011 Leave a comment

   It may look very strange when everyone is advocating Mutual Fund Sip for long term, what is the necessity for this debate on ‘Is Mutual Fund SIP for Short term or long term?’.
   Theoretically doing a Mutual fund SIP for long term will work for investors. But for practical reasons we need to commit a Mutual Fund SIP for short term. That is we need to break that long term into many 6 months or 1 year periods and commit your Mutual Fund SIP for first 6 month or 1 year.
   Then at the end of 6 month or 1 year renew your SIP for another 6 month or 1 year. You need to renew like this till you complete your predetermined long term period.
   You may think it is an unnecessary paperwork and waste of time. But you will be completely convinced when you have finished reading this article.
Contribution towards Mutual Fund SIP Changes:
How much you are contributing towards Mutual Fund SIP changes over a period of time.
Ø  At the beginning of a career a person will be able to commit Mutual Fund SIP for small sum of amount. As he progresses in his career, he or she will be able to increase his contribution towards Mutual Fund SIP.
Ø  Similarly, when someone reaches a stage where he need to spend more on kid’s higher education, daughter’s wedding, buying a house or meeting a major financial commitment, it is difficult for him to continue the same amount of Mutual Fund SIP contribution.
Ø  So whenever you renew your Mutual Fund SIP at the end of 6 month or 1 year, you can look at your cash flow position and based on that you can renew the Mutual Fund SIP for the increased amount or the same amount or the reduced amount.
Portfolio Review:
Also it gives you a chance to review your portfolio with your advisor once in 6 months or 1 year.
Ø  The scheme which you have chosen for Mutual Fund SIP is performing well when compared to its peers or not? You need to review this periodically. The scheme may turn out to be a laggard.
Ø  The scheme may be performing well when you have chosen for doing SIP. But over a period of time, it could have derailed from its performance. This is something like our cricket players. They will be in a good form in the game for some period of time. Then they will lose their form after sometime. So you need to periodically check up whether the fund is performing NOW or not.
Ø  If you are committing a Mutual Fund SIP for 10 years, then the advisor may not be coming back to you whenever you call him for reviewing your portfolio. If you commit for 6 months or 1 year he or she will be definitely coming to you for renewing the Mutual Fund SIP. You can have a review with him or her at that time.
  
   When you commit Mutual fund SIP for long term, generally we ignore to review it. It may generate poor returns. You can avoid this by periodic review.
Equity Exposure in Overall Portfolio:
   How much equity exposure you can give to your overall portfolio can change the amount of Mutual Fund SIP in equity and debt.
Ø  As the age goes up, your ability to take risk comes down. So you need to change your equity mutual fund SIP contribution periodically.
Ø  How close or distant you are to achieve your financial goals will also decide your equity exposure. If you have got long period to achieve your financial goal then you can have more equity exposure. When you have short period to achieve your financial goal, then you need to reduce your equity exposure.
Ø  Rebalancing your portfolio based on your predetermined asset allocation will also decide your equity exposure.
All this can change your Mutual Fund SIP amount in equity funds.
   So committing a Mutual Fund SIP for long term looks good on paper. For practical reasons we need to commit for short term and renew it at the end of every short term till achieving our financial goals.
   In this regard, instead of committing a Mutual Fund SIP just like that, having a long term financial plan and committing Mutual Fund SIP based on that plan will be really fruitful. This will make a solid difference in achieving your financial goals.
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.

Latest order regarding Revision of pension/family pension

July 25, 2011 Leave a comment

No. 38/37/08-P&PW(A)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Pension & Pensioners’ Welfare
Lok Nayak Bhawan, New Delhi-110003

Dated the 22nd July, 2011.

OFFICE MEMORANDUM

Sub:- Revision of pension/family pension in respect of the pensioners who were in receipt of compulsory retirement pension and compassionate allowance under Rules 40 and 41 of CCS(Pension) Rules, 1972


    1.    The undersigned is directed say that in accordance with para 4.2 of this Department’s OM. No. 38/37/08-P&PW(A) dated 1.9.2008, the revised pension of pre-2006 pensioners shall, in no case, be lower than fifty percent of the minimum of the pay in the pay band plus the grade pay corresponding to the pre-revised pay scale from which the pensioner had retired. In the case of HAG+ and above scales, this will be fifty percent of the minimum of the revised pay scale.

   2.    Doubts have been raised in regard to the applicability of the above provision in the case of revision of pension/family pension in respect of the pensioners who were in receipt of compulsory retirement pension and compassionate allowance under Rules 40 and 41 of CCS(Pension) Rules, 1972. The matter has been examined in the light of the instructions/orders issued after Fifth Central Pay Commission for revision of pension/family pension in such cases. It was clarified in this Department’s OM. No.45/86/97-P&PW(A) dated 25.3.2004 that the provisions of OM. dated 17.12.1998 relating to stepping up of pension to 50% of the minimum of the revised scale of pay as on 1.1 .96 of the post held by the pensioner at the time of retirement shall not be applicable in case of compulsory retirement pension and compassionate allowance.

   3.    It has now been decided that the benefit of para 4.2 of this Department’s OM. No. 38/37/08 P&PW(A) dated 1.9.2008 [as clarified vide OM No. 38/37/08- P&PW(A) (pt.l) dated 3.10.2008] will not be applicable in the case of revision of pension/family pension in respect of the pensioners who were in receipt of compulsory retirement pension and compassionate allowance under Rules 40 and
41 of CCS(Pension) Rules, 1972.

   4.    This issues with the concurrence of Ministry of Finance (Department of Expenditure) vide their U.O. No 152/EV/2011 dated 30.6.2011.

   5.    In so far as persons belonging to the Indian Audit & Accounts Departments, these orders issue after consultation with the Comptroller & Auditor General of India.

 
sd/-
(Tripti P Ghosh)
Director


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Defence Civilian Medical Aid Fund (DCMAF)

July 25, 2011 Leave a comment

Office of the Principal Controller of Defence Accounts (CC)
Cariappa Road, Lucknow- 226002

IMPORTANT CIRCULAR

No. AN/V/CIRCULAR 
Dated: 06/06/2011

To
The CDA(RTC)
The IFA (CC) Lucknow
All Sub Offices in Main Office Lucknow
MI SAOs/AOs in MO., Lucknow


                                  Sub:- Defence Civilian Medical Aid Fund (DCMAF)

 1.  A copy of HQrs office DO No. AN/VII/7089/DCMAF/11 dated 23.05.2011 for awareness of Defence Civilian Medical Aid Fund (DCMAF),which provides financial assistance to the members in case they or their dependents suffer from certain specified ailments is circulated herewith for further necessary action.

2. Further, the salient features of the DCMAF are enclosed for kind information and for giving wide publicity amongst the Officers and Staff for subscribing to the fund. The Annual/Lifetime membership fee is negligible and is based on the Grade Pay of an employee in a particular Pay Bond.

  3. Receipt of this circular may please be acknowledged.

sd/-
(Sandeep Thakur)
Dy. CDA (AN)

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Categories: DEFENCE, MEDICAL

Promotion of Steno Grade ‘D’ of CSSS to the Personal Assistant (PA) Grade of CSSS on ad-hoc basis.

July 25, 2011 Leave a comment

No.5/3/2011-CS-II(C)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel & Training

Lok Nayak Bhawan, Khan Market,
New Delhi-110003.
Date: the 19th July 2011

OFFICE MEMORANDUM

Subject:- Promotion of Steno Grade ‘D’ of CSSS to the Personal Assistant (PA) Grade of CSSS on ad-hoc basis.


    1.    The undersigned is directed to refer to this Department’s O.M. of even number dated 4.5.2011 on the subject mentioned above and to say that all the Cadre Units were requested to furnish the details of DPC recommendation and vigilance clearance in respect of all eligible Steno Grade ‘D’ found fit by the DPC in the ascending order of their incumbency as per the zone prescribed for adhoc promotion.

   2.    On the basis of information received from the Cadre Units, the competent authority has decided to nominate the Steno Grade ‘D’ (whose details are indicated in Annexure-I), for appointment to the grade of PA of CSSS on ad-hoc basis to other Cadre Units.

   3.    In order to ensure that officers are given exposure to working in different Ministries/ Departments, they are allowed to give three options of Cadre Units, in compliance with the consolidated instructions regarding Rotation Transfer Policy (issued vide this Department O.M. No. 13/1/2009-CS.II dated 15.7.2011). Cadre Units concerned are, therefore, requested that the information in the enclosed proforma (Annexure-II) may be forwarded to this Department latest by 22.7.2011. In case the requisite information is not received by the stipulated date, it would be presumed that the official concerned has no option to furnish and this Department
will make nomination as per availability of vacancy.

 
sd/-
(Kiran Vasudeva)
Under Secretary to the Government of India

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