Sunday 24 July 2016

24/07/2016

India Post payments bank’s first chief may be an SBI executive

NEW DELHI: India Post Payments Bank, which is in a hurry to appoint a head, could get its first chief executive officer from the country’s largest lender State Bank of India (SBI).
The bank’s board comprising the CEO, chairperson, besides government nominees and five independent directors is expected to be in place by September.
India Post had written to top five government banks including SBI, Punjab National Bank and Bank of Baroda among others in identifying the chief.
Sources said that SBI chairman Arundhati Bhattacharya has already responded and proposed a name. However, at a later stage, the payments bank is likely to have a search and select committee in place for the appointment of a CEO.
“We are in a hurry to put everything in place as soon as possible, we sought suggestions from the top public sector banks to help us in finding a CEO,” SK Sinha, secretary, department of post, told HT.
The government set aside an initial corpus of ₹ 800 crore for the bank. While the bank will roll out 650 bank branches by September 2017, it will also use the 154,000 existing post offices to sell a host of its products and the new bank could hire about 2,000 people
23/07/2016
Casual Labourers with temporary status clarification regarding contribution to GPF and Pension under the Old Pension Scheme reg.Click here to read.


Implementation of recommendations of the Seventh Pay Commission

GOVERNMENT OF INDIA MINISTRY OF FINANCE RAJYA SABHA UNSTARRED QUESTION NO-199 ANSWERED

ON-19.07.2016 Implementation of recommendations of the Seventh Pay Commission 199 . Shri D. Raja
 (a) whether it is also a fact that the Government has decided to implement the recommendations of the Seventh Pay Commission for Central Government Staff;
(b) If so, the silent features thereof;
(c) whether it is also a fact that most of the Government employees are not satisfied with the announcement;
(d) if so, the main issues of discontentment and Government’s reaction thereto?
 ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)
 (a) & (b): The Government has decided to implement the recommendations of the 7th Central Pay Commission in regard to matters relating to pay, pension and related issues.
(c) & (d): As and when any issue(s) is/are brought up for consideration by the Government, the same is considered keeping in view all relevant factors for an appropriate decision.
  
PIB
One CGHS wellness center in the capital city of all States

one CGHS wellness centre in the capital city of all States at the following locations: Raipur, Shimla, Itanagar, Panaji, Agartala, Imphal, Aizwal, Kohima, Gangtok, Gandhi Nagar, Puducherry. The Minister of State (Health and Family Welfare), Sh Faggan Singh Kulaste stated this in a written reply in the Lok Sabha 

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