Sunday, 30 November 2014

CHALO DELHI!!         CHALO DELHI !!         CHALO DELHI!!




FOR MARCH TO PARLIAMENT ON 4TH DECEMBER, 2014

Dear Comrades,
You are aware that the Postal JCA has decided to go ahead with the programme which we planned earlier. The Department of Posts does not respect our sentiments. Every demand which we raised in the charter of Demands is either rejected or delayed indefinitely by the Department. Taking into consideration of the present condition, the Postal JCA has decided to go ahead with our original programme, “March to Parliament” on 4th December 2014. All are requested to join the March to Parliament and make it a grand success.


Central Civil Services (Leave Travel Concession) Rules, 1988 - Relaxation to travel by private airlines to visit J and K.

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Thursday, 27 November 2014

AMENDMENTS TO LABOUR LAWS

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
LOK SABHA

UNSTARRED QUESTION NO 147
ANSWERED ON 24.11.2014
AMENDMENTS TO LABOUR LAWS

147 . Jayadevan Shri C. N., Kodikunnil Shri Suresh
Yadav Shri Dharmendra, Ram Mohan Naidu Shri Kinjarapu
Shrirang Shri Chandu Barne, Patil Shri Shivaji Adhalrao
Saraswati Shri Sumedhanand, Bhuria Shri Dileep Singh

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:-
(a) whether the Union Government and also some State Governments have proposed certain amendments in labour laws;
(b) if so, the details of the proposed amendments proposed by the Union and the State Governments separately along with the reasons therefor;
(c)the extent to which the proposed changes in the labour laws are likely to reduced hassles for employers and employees;
(d)whether the Government has also proposed for self-certification by the employer regarding the safety and security of the employees and of the people in and around the factory; and
(e)if so, the details thereof?
ANSWER
MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT (SHRI BANDARU DATTATREYA)
(a): Yes, Madam.
(b): The details of the amendments proposal by the Union Government are at Annexure-I.
The details of amendment proposals received from State Governments for seeking concurrence are at Annexure-II.
(c) to (e): Review/updation of labour laws is a continuous process in order to bring them in tune with the emerging needs of the economy after tripartite consultations amongst Government, Employers’ & Employees’ Organizations. While undertaking such changes overall interests of labour like wages, employment, social security, working environment, health and safety etc. are protected keeping in view the requirements of the Indian Industry to make it efficient and internationally competitive. This constitutes an essential part of labour reforms which essentially means taking steps to increase production, productivity and employment opportunities in the economy.
The Ministry of Labour & Employment is also proactively engaged in addressing the issues related to multiplicity of labour laws and the ease of compliance to promote an enabling business environment.
A single unified Web Portal has been developed for Online Registration of units, Reporting of inspections, and submissions of Annual Returns and redressal of grievances. This portal facilitates ease of reporting at one place for various Labour Laws by a single online annual return; consolidate information of Labour Inspection and its enforcement thereby enhancing transparency in Labour Inspection as well as that in monitoring of Labour Inspections.
Annexure-I
The Child Labour (Regulation & Abolition) Act, 1986
  •  Linking the definition of child under this Act to that under the Right to Education Act, 2009,
  •  complete prohibition on employment of children below 14 years and linking the age of the prohibition with the age under Right to Free and Compulsory Education Act,
  •  prohibition of working of Adolescents in Mines, Explosives and hazardous occupations set forth in the Factories Act, 1948,
  •  More strict punishment to the offenders and making the offences under the Act cognizable.
The Factories Act, 1948
  • The threshold limit for coverage under the Factories Act as defined in Section 2(m), is proposed to be amended to include besides the existing limits of 10 workers (for units with power) and 20 workers (for units without power), units with such number of workers as may be prescribed by the State Government with a cap of 20 workers (for units with power) and 40 workers (for units without power) respectively. This will provide flexibility to the State Governments to amend their State Law as per their requirements.
  •          Amendment of Section 66 of the Act relating to permission for employment of women for night work for a factory or group or class or             description of factories with adequate safeguards for safety and provision of transportation till the doorstep of their residence.
  • Amendment of Sections 64 and 65 of the Act to enhance the limit of overtime hours from the present limit of 50 hours per quarter to 100 hours per quarter. The amendment also proposes this limit to be increased to a maximum of 125 hours per quarter in public interest with the approval of State Government.
  • Insertion of provision relating to compounding of certain offences (Section 92 C and new Fourth Schedule) and amendment of Section 92 of the Act enhancing the quantum of penalty for offences.
  • The provision of self-certification has been introduced for the purpose of expansion of the factory through amendment in Section 6.
  • Provision of empowering the State Government to increase the period of spreadover from 10.5 hours to 12 hours (Section 56) through notification in the Official Gazette.
  • Introduction of a new Section 35A on provision of personal protective equipment for workers exposed to various hazards and amendment of Sections 36 and 37 regarding entry into confined spaces and precautions against dangerous fumes, gases etc.
  • Provision of canteen facilities in respect of factories employing 200 or more workers instead of the present stipulation of 250 workers (Section 45) and also provision of shelters or restrooms and lunchrooms in respect of factories employing 75 or more workers instead of the present stipulation of 150 workers (Section 47).
  •  Introduction of new terms like “hazardous substance” and “disability” to existing definitions (Section 2cc. 2ea)
  •  Prohibition of employment of pregnant women (it was earlier for all women) and persons with disabilities on or near machinery in motion and near cotton openers (Section 22 (2)).
  •  Reduction in the eligibility criteria for entitlement of annual leave with wages from 240 days to 90 days (Section 79).
  •  Presently only the State Governments are empowered to make rules under the Factories Act. It is now proposed to empower the Central Government also to make rules under the Act on some of the important provisions.
The Mines Act, 1952
  •  Amend the “long title” so as to provide that “the regulation of conditions of work, health and welfare of persons employed in mines”,
  •  Substitute the definition of owner so as to make it more comprehensive;
  •  Define “foreign company” with reference to the Companies Act, 1956;
  •  Make provisions for appointment of officials in addition to agents of the employer in the mines;
  •  Increase the penalties provided in sections 63 to 70, sections 72A, 72B, 72C and 73 and also to shift the burden of proof upon the person who is being prosecuted or proceeded against to prove that it was not reasonably practical, o, all practical measures to satisfy the safety requirements; and Amend section 76 so as to enlarge the scope to cover the foreign companies and to insert a new section 76 A to provide that the person who has actual ultimate control over the affairs of the mines would continue to be liable for the contravention of the provisions of the Act or of any rule or regulation or by law or order made there under.
Minimum Wages Act, 1948
  • Statutory recognition of National Floor Level Minimum Wage (NFLMW) and to make it applicable to all employments and removing the restriction of 1000 or more workers for an employment to come within the purview of Minimum Wages Act.
  • Review and revision of NFLMW at intervals not exceeding five years, besides, a component of variable dearness allowance will be worked out on the basis of rise in consumer price index for industrial workers every six months.
  •  Making applicable NFLMW in respect of an employment where no minimum wages has been fixed by both State and the Centre Government.
  •  Review and revision of the minimum rates of wages at intervals not exceeding five years, if the minimum wages has a component of variable dearness allowance worked out on the basis of rise in consumer price index for industrial workers, and in any other case at the interval of two years.
  •  Fixing the minimum wage not below the NFLMW and, where there is variation between the rates of minimum wages and NFLMW, to make applicable the higher of the two.
  • Giving wage cards to the employees by employers, in addition to wage books and wage slips as part of the maintenance of records.
  •  Accepting claims regarding minimum wages, within 12 months, instead of existing time period of six months.
  •  Enhancing the fine prescribed for contravention of certain provision of the Act from Rs.500/- to Rs.5000/- on first conviction and with imprisonment for a term which may extend to one year or with fine of not less than Rs.5000 extending up to Rs.10,000 in the case of second or subsequent conviction.
  •  Enhancement of compensation payable to the workers and measures to streamline the enforcement provisions.
  •  Making applicable in Central Sphere, the minimum wages fixed by the State Government in respect of particular employment, where no minimum wages have been fixed by the Central Government.
  •  Making applicable in Central Sphere, the higher minimum wages fixed by the State Government in respect of a schedule employments where the minimum wages fixed by the Central Government is lower.
  •  Amend the definition of the “Appropriate Government”.
The Labour Laws (Exemption from Furnishing Returns and Maintaining Registers by Certain Establishments) Act, 1988
  •  Extending the coverage of the Principal Act from 9 Scheduled Acts to 16 Scheduled Acts as had been proposed in the 2005 Bill,
  •  Continuing with the existing method of defining establishments as ‘very small’ and ‘small’ with the change that the ‘small’ establishments would now cover the establishments employing between 10 to 40 workers as against the existing provision of 10 to 19 workers,
  •  The small establishments will be required to maintain two registers as against the existing provision of maintaining three registers,
  •  Allow maintaining of registers or records in computer, floppy, diskette or on other electronic media and submitting return through e-mail as had been proposed in the 2005 Bill.
Annexure-II
State Legislation – Amendment proposals of Government of Rajasthan
1. The Industrial Disputes Act, 1947 (2-A):- In case of dismissal, discharge, retrenchment or termination of an individual workman, for raising the industrial dispute 3 years limitation period is proposed.
The provision of 3 years limitation period for raising the Industrial Dispute already exists in the ID Act, 1947. Section 2A(3) was inserted vide amendment of 2010, providing limitation of period of 3 years from the date of dismissal, retrenchment, discharge for making the application to the Labour Court/Tribunal.
2. The Industrial Disputes Act, 1947 (9 D – Rajasthan Amendment). For the purpose of recognition of the trade union, the membership of the trade union is proposed to increase from 15% to 30%.
The Government of Rajasthan only amended the Industrial Disputes Act, 1947 in 1958 and inserted a provision for registration of the representative union. Similar provision do not exist in the Central Act. Ministry of Labour of Employment has no objection to the proposed amendment for increasing membership of union from 15% to 30% for the purpose of registering as representative union.
3. The Industrial Disputes Act, 1947 (25-K). For applicability Chapter V-B i.e. Pre-conditions of permission from the appropriate government, notices, compensation for lay off, retrenchment, closure, it is proposed to increase from 100 to 300 workmen. However, State Govt. can also apply provisions of Chapter V-B to an establishment in which less than 300 but not less than 100 workmen are employed.
For applicability of Chapter V B of Industrial Disputes Act, 1947 i.e. Pre- conditions of permission from the appropriate government, notices, compensation for lay off, retrenchment, closure, 100 or more workmen is required.
In the year 1984 by amendment of the Act, for applicability of Chapter V B, the limit of number of workmen were reduced from 300 to 100 for giving statutory protection to workmen of smaller establishments. The trade unions will strongly oppose the proposal of Rajasthan Government for increasing the number of workmen from 100 to 300. It is also not clear whether tripartite consultations have taken place as required under ILO Convention 144.
4. Industrial Disputes Act, 1947[25-N (1) (a)]: 3 months’ notice or wages in lieu of notice period is required to be paid before retrenchment or closure. It is proposed to delete the wages in lieu of notice period.
The proposal for removing the wages in lieu of the 3 month’s notice in case of retrenchment or closure, and making three months notice compulsory, the Ministry of Labour & Employment has no objection to this proposal.
5. Industrial Disputes Act, 1947 [25-N (9)]: In case of retrenchment in addition to the prescribed compensation i.e. 15 day’s wage for each completed year of service. It is proposed to pay to three months average pay to Workman.
The proposal is to provide additional financial security to the retrenched workmen in addition to the compensation prescribed in Section 25-N (9) of the Industrial Disputes Act, 1947. The Ministry of Labour & Employment has no objection to this proposal.
6. Industrial Disputes Act, 1947 {25-O(8)} In case of closure in addition to the prescribed compensation i.e. 15 day’s wage for each completed year of service. It is proposed to pay to three months average pay to Workman.
The proposal is to provide additional financial security to the retrenched workmen in addition to the compensation prescribed in Section 25-O (8) of the Industrial Disputes Act, 1947. The Ministry of Labour & Employment has no objection to this proposal.
7. The Industrial Disputes Act, 1947 Para 5 of part II of the fifth schedule i.e. unfair labour practices related to “go slow”. Proposed to define “go slow”.
The Ministry of Labour & Employment has no objection to the proposal to define “go slow”.
8. The Contract Labour (Regulation & Abolition) Act, 1970 Section 1(4)(a) & (b). For applicability of the Act, the number of workmen is proposed to increase from 20 to 50.
The two days strike notice by all CTUOs included the issue to protect the interest of contract labour. If the number of workmen increased from 20 to 50 for applicability of the Act, a large number of contract labour would be deprived from the benefits/protection provided in the Act. Since the issue of contract labour is frequently raised by all the CTUOs, they will strongly oppose this proposal. It is also not clear whether tripartite consultations have taken place as required under ILO Convention 144.
9. The Factories Act, 1948 Section 2(M)(I). Proposal is to increase from 10 to 20 workers with the aid of the power for the purpose of definition of factory.
The Factories Act, 1948 provide for the health, safety and welfare of the workers. In the absence of any other alternative provision, just taking out the workers from the Factories Act is likely to be opposed by the trade unions. It is also not clear whether tripartite consultations have taken place as required under ILO Convention 144.
10. The Factories Act, 1948 Section 2(M)(II). Proposal is to increase from 20 to 40 workers without the aid of power for the purpose of definition of factory.
The Factories Act, 1948 provide for the health, safety and welfare of the workers. In the absence of any other alternative provision, just taking out the workers from the Factories Act is likely to be opposed by the trade unions. It is also not clear whether tripartite consultations have taken place as required under ILO Convention 144.
11. The Factories Act, 1948 Section 105. Power of Inspector for launching the prosecution is proposed to be the power of the State Government i.e. no prosecution can be launched without the previous sanction of the State Government.
The Ministry of Labour & Employment has no objection if the prosecution can be launched with the prior sanction of the State Government.
12. The Factories Act, 1948 Section 106 – Proposed for the compounding of the offences.
The Ministry of Labour & Employment has also proposed for the compounding of the offences in its amendment, hence, has no objection to this proposal.
Source: loksabha.nic.in

2. Proposals for amendment to the Minimum Wages Act, 1948
Proposals-for-amendment-to-the-Minimum-Wages-Act,-1948

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
LOK SABHA
STARRED QUESTION NO 6
ANSWERED ON 24.11.2014
AMENDMENT TO MINIMUM WAGES ACT

6 . Sampath Shri Anirudhan
Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:-
(a)whether suggestions have been received from various quarters to amend the Minimum Wages Act, 1948 and if so, the details thereof;
(b)whether the amendment proposes to cover all the employment sectors and increase penal provisions; and
(c)if so, the details thereof ?
ANSWER
MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT (SHRI BANDARU DATTATREYA)

(a) to (c): A statement is laid on the Table of the House.

STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (c) OF THE LOK SABHA STARRED QUESTION NO. 6 FOR 24.11.2014 BY DR. A. SAMPATH REGARDING “AMENDMENT TO MINIMUM WAGES ACT”.
(a) to (c): Yes, Madam. Major Central Trade Unions had raised demands to ensure universal coverage irrespective of the schedules and fixation of statutory minimum wage at not less than Rs.10,000/- linked with cost price index on 04.09.2012. Further, the demand to fix minimum wages not less than Rs.15,000/- per month was placed before the Government by these trade unions on 06.06.2014 and 24.06.2014.
Proposals for amendment to the Minimum Wages Act, 1948 were put on the website of the Ministry of Labour and Employment on 17.06.2014 for public consultation. The proposals inter-alia include universal coverage to all the employments by removing the restriction of 1000 or more workers for an employment to come within the purview of Minimum Wages Act, making National Floor Level Minimum Wage (NFLMW) statutory and enhancement of penal provisions by increasing the fine prescribed for contravention of certain provision of the Act from Rs.500/- to Rs.5,000/- on first conviction and with imprisonment for a term which may extend to one year or with fine of not less than Rs.5,000/- extending up to Rs.10,000/- in the case of second or subsequent conviction under the Act.

3. Mandatory Medical Care for Victims of Road Accidents and Pregnant Women

‘Health’ is a state subject and it is primarily the responsibility of the State Governments to issue any directive in this regard. However, this Ministry has circulated guidelines for referral of patients in emergency vide this Ministry’s letter C.18018/12/2-14-H dated 31.7.2014 to All States/UTs and various Central Government-Hospitals.
In addition, the Central Government has enacted the Clinical Establishments (Registration and Regulation) Act, 2010 and the Sub-section (2) of Section 12 of this Act stipulates that the clinical establishments shall undertake to provide within the staff and facilities available, such medical examination and treatment as required to stabilize the “emergency medical condition” of any individual who comes or is brought to such clinical establishments. “Emergency medical condition” has been stipulated in the Act as a medical condition manifesting itself by acute symptoms of sufficient severity (including severe pain) of such a nature that the absence of immediate medical attention could reasonably be expected to result in –
(i) Placing the health of the individual or, with respect to a pregnant women, the health of the women or her unborn child, in serious jeopardy; or
(ii) Serious impairment to bodily function; or
(iii) Serious dysfunction of any organ or part of a body;
This Act is applicable in Arunachal Pradesh, Himachal Pradesh, Mizoram Sikkim, Uttar Pradesh, Rajasthan, Bihar, Jharkhand, Uttarakhand and all Union Territories (except Delhi).
The Medical Council of India (MCI) has informed that it has always supported the Government proposal for providing primary medical treatment to Road accidents victims and women in labour without delay.
The Health Minister, Shri J P Nadda stated this in a written reply in the Rajya Sabha here today

FIXED MEDICAL ALLOWANCE TO PENSIONERS INCREASED FROM Rs.300/- TO Rs.500/- per month.


Monday, 24 November 2014

Whether 7th Pay Commission proposes to submit Interim Report?

Is Interim Relief Likely for Central Government Employees?
Is it really possible for Central Government employees to get an interim relief this time? Let us look at it in detail.
‘Interim Relief’ may be defined as the temporary relief given to employees before the new Pay Commission’s recommendations are implemented. ‘Interim relief will be treated sui generis’, most of the Finance Ministry orders included the sentence when sanctioning interim relief.
If one looks at the interim relief granted in 1983 and 1993, it can also be inferred that interim relief is granted in order to correct the errors in salary revision once every ten years. One gets the feeling as if an entire Pay Commission was lost simply for the sake of a small hike.
During the previous Pay Commission, particularly in 5th CPC, since 50% DA Merger was granted, there was no interim relief.
Here are some of the reasons why interim relief is normally granted :
* It has been granted a number of times before, in the past.
* DA Merger hasn’t been sanctioned this time
* Prices have touched the skies
* Some errors in the formulation of once-in-a-decade Pay Commission…etc.,
Reasons cited for the Government’s refusal to sanction DA Merger/interim relief:
* 7th Pay Commission was constituted at the justify time.
* There was no recommendation for DA Merger in the 6th Pay Commission
* There was a recommendation against DA merger in the 6th Pay Commission (the Commission is, therefore, not recommending merger of dearness allowance with basic pay at any stage).
* In the event that the Price Index is taken as 115.76 instead of 306.33 for the DA calculations.
All the Central Government Employees Unions and Federations are functioning with the intention of getting the DA merged with the basic pay. If that doesn’t happen, these federations are hoping that interim relief will be offered through the 7th Pay Commission’s interim report.
This is very much possible if Modi Government is willing to accept the demand.
And one more updation on this issue, Member of Parliament Shri.Shantaram Naik asked some questions about the 7th Pay Commission including submission of interim report as follows…
RAJYA SABHA
7th Pay Commission
230. SHRI SHANTARAM NAIK: Will the Minister of FINANCE be pleased to state:
(a) the details of meetings, the 7th Pay Commission has taken so far and the items/ issues discussed till date;
(b) the States, visited, by the Commission if any till date and the States which the Commission proposes to visit;
(c) whether the Commission proposes to take the views of the State Governments as regards their pay-scales since invariably, most of the States adopt the Central Pay Commission reports;
(d) whether Commission proposes to submit any interim report;
(e) whether the Commission proposes to make any recommendations to bring in financial transparency; and
(f) if so, the details thereof?


The written answers of above said questions will be available on or after 25th November 2014.

DIAMOND JUBILEE CELEBRATION OF NFPE AT DWARKHA











Saturday, 22 November 2014

COMRADE ABHAY KEDARI NEWLY ELECTED ASSISTANT CIRCLE SECRETARY FELICITATED BY COMRADES OF NASIK ROAD RMS





Posting of Government employees who have differently abled dependents - reg. 

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Introduction of AADHAR Enabled Bio-metric Attendance System - Target Date

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Central Civil Service (classification Control & Appeal) Rules 1965 Instruction regarding timely review of suspension

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Shri P.N. Ranjit Kumar (lPoS-1993) Batch is our new PMG (MR) vice Shri H C Agrawal who is proceeding on deputation.

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Friday, 21 November 2014

NEW CIRCLE OFFICE BEARERS LIST ELECTED DURING THE 32nd MAHARASHTRA CIRCLE CONFERENCE AT DEVACHI ALANDHI DIST. PUNE




Thursday, 20 November 2014

CHQ  CIRCULAR



No. R-III/Circular-14/2014                                                                                       Dated 18-11-2014
To

All Circle Secretaries, CWC Members,
Divisional Secretaries and Branch Secretaries.
Dear Comrades,

All India RMS & MMS Employees Union Group `C` CHQ congratulates and Red Salute to  CWC members, Circle /Divisional /Branch Secretaries , office bearers and members for holding successful Relay Dharna called by Postal JCA, Mass dharna in front of Govt. Press on 27th October, 2014 and Mass Squarting on 18th November, 2014 for making a grand successful I,II,III  phased ptrogrammescalled by confederation. Let us keep this Temo and improve further in coming IV phasd programmes, Parliament March  on 4th December, 2014, called by Postal JCA and on 5th December, 2014 called by Trade Unions.
NFPE FEDERAL SECRETARIAT MEETING:-  Was held on 10-11-2014 in NFPE office and reviewed the agiatational programmes and preparations of 4th December, 2014 Parliament March and decided that the decision of Indefinite Strike will be taken in Postal JCA Meeting on 11-11-2014 and date will be declared during Parliament March.
POSTAL JCA MEETING:-Postal JCA Meeting was held on 11-11-2014 in NFPE office and decided unanimously that entire five lakh employees of Departmet of Posts wil go on indefinite strike from third week of February, 2015 and date of Indfinite Strike will be declared on 4th Dec. 2014 Parliament March. Next Meeting of JCA will be held on 3-12-2014 to decide the date of Idefinite Strike.
All Circle /Divisional /Branch Secretaries ,are requested to mobilize rank & file and ensure maximum participation of the employees in Parliament March.
DEPARTMENTAL COUNCIL (JCM) MEETING:- Will be held on 16-12-2014.
JCM (NC) STAFF SIDE CONVENTION:- National  Council JCM Staff Side convention will be held at MPCU Shah Auditorium Gujarat Samaj Civil Lines on 11th December, 2014. NFPE has been given quota for 70 persons out of which R-III has been allotted 15.
CONFEDERATION STUDY CAMP BANGALORE:- Confederation  Study Camp will be held at Bangalore on 5th & 6th January, 2014. R-III has been given quota for 15 persons.
 NEXT DATE OF RTP CASE:- Next date of RTP court case is on 18-12-2014 Department has filed the reply.
PAYMENT OF QUOTA:- All Divisional /Branch Secretaries are requested to remit the quota to CHQ (Rs.17.00 =CHQ-Rs.14.50, NFPE Rs.2.50) per member from August, 2014.
Make it a grand success & Get ready for Indefinite Strike from 3rd Week of February, 2015.

With Best wishes.
Yours Comradely,
(Giri Raj Singh)
General Secretary




Intimation by a Government Servant to the prescribed authority about acquiring or disposing of any immovable / movable property either in his/her own name or in the name of any member of his/her family and submission of declarations - reg.

DIAMOND JUBILEE CELEBRATIONS AT DWARKA (GUJARAT)

ON 23th & 24th NOVEMBER -2014



Wednesday, 19 November 2014

Inclusion of eligible officers who are due to retire before the likely date of vacancies, in the panel for promotion - regarding.

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Amendment of provisions of the CCS (Joining Time) Rules, 1979.

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RELAUNCH OF KISAN VIKAS PATRA (KVP) IN POST OFFICES.


Salient Features of re-launched Kisan Vikas Patra :

1.Amount Invested doubles in 100 months ( 8 years & 4 months)
2.Available in denominations of Rs 1,000, 5000, 10,000 and Rs 50,000.
3.Minimum deposit Rs 1000/- and no maximum limit.
4.Certificate can be purchased by an adult for himself or on behalf of a minor or by two adults.
5.KVP can be purchased from any Departmental Post office. This facility will also be extended shortly to the designated branches of commercial Banks.
6.Facility of nomination is available.
7.Certificate can be transferred from one person to another and from one post office to another.
8.Certificate can be en-cashed after 2 & 1/2 years from the date of issue.

Table Showing Premature closure of KVP  ( for Denomination Rs. 1000 )

2 and half years but less than 3 years
1201
3  years but less than 3 and half years
1246
3 and half years but less than 4 years
1293
4  years but less than 4 and half years
1341
4 and half years but less than 5 years
1391
5  years but less than 5 and half years
1443
5 and half years but less than 6 years
1497
6  years but less than 6 and half years
1553
6 and half years but less than 7 years
1611
7  years but less than 7 and half years
1671
7 and half years but less than 8 years
1733
8 years but before maturity of the Certificate
1798
On maturity of Certificate 
8 Years 4 month  = 100 months
2000
Note : KVP is available in all post offices

CLICK HERE TO VIEW GAZETTE NOTIFICATION