Sunday 23 March 2014

ALL INDIA ASSOCIATION OF POSTAL SUPERVISORS (GENERAL LINE) DERECOGNISED



Government of India Ministry of communications& IT
Department of posts

No 9/10/97-SR                                                                                  
                                                                                                             Dated 18th February 2014

To
General Secretary
All India Association of Postal supervisors (General Line)
4th floor,SRT Nager PO, New Delhi-110055

Subject: CWP No 1827/97 filed in Delhi High Court by All India Association of Postal supervisors
 ( General Line) V/S Union Of India & others-De recognition of the Assocition-reg

Sir,

I am directed to refer to the subject mentioned above and to say that in compliance with the decision of the Honourable high Court os Delhi vide order dated 10th July 2013 it has been decided by this Department to with draw the recognition of your Association with immediate effect
2.This issues with the approval of competent Authority

Yours faithfully,

  Sd/- Arun Malik
Dirctor ( SR & Legal)

Wednesday 5 March 2014

Revision of Interest Rates for Small Savings Schemes for the Financial Year 2014-15 Announced

Various decisions taken by the Government of India on the recommendations of the Shyamala Gopinath Committee for Comprehensive Review of National Small Savings Fund (NSSF), were communicated to all concerned by the Government through its Office Memorandum dated 11th November, 2011.
            One of the decisions of the Government based on the recommendations of the Committee relates to revision of interest rates every financial year, to be notified before 1st April of that year.  Accordingly with the approval of the Finance Minister, the rates of interest on various small savings schemes for the Financial Year 2014-15 effective from 01.04.2014, on the basis of the interest compounding/payment built-in in the schemes, shall be as under :


Scheme

Rate of interest

w.e.f.01.04.2013

Rate of Interest

w.e.f. 01.04.2014

1.

2.

3.

 Savings Deposit

4.0


4.0


 1 Year Time Deposit

8.2

8.4

 2 Year Time Deposit

8.2

8.4

 3 Year Time Deposit

8.3

8.4

 5 Year Time Deposit

8.4

8.5

 5 Year Recurring

Deposit

8.3

8.4

 5 Year SCSS

9.2

9.2

 5 Year MIS

8.4

8.4

 5 Year NSC

8.5

8.5

 10 Year NSC

8.8

8.8

PPF

8.7

8.7

       The necessary notifications will be notified separately in this regard in due course. 
Source : PIB

Sunday 2 March 2014

Proposals of Enhancement of Retirement age and Merger of D.A may not materialize

It was learnt from the sources close to the Union Government that the proposals of Enhancement of Retirement age of Central Government Employees from 60 to 62 years and Merger of D.A to basic pay may not be materialized now before General elections. Accordingly, these two proposals have not been taken up for consideration by the union Cabinet in its meeting held on friday. But there is possibility to announce Interim Relief (I.R) before elections.