“Forward ever, backward never: onwards with Breaking Through”

FLASH NEWS

16/10/2014
Suggestions are invited on utilization of deposits remained unclaimed with Post Office and Banks


GOVERNMENT OF INDIA

MINISTRY OF FINANCE
DEPARTMENT OF ECONOMIC AFFAIRS
NATIONAL SAVINGS INSTITUTE
F.No 6504/94 (6)/2014/Comm
October 8, 2014
PUBLIC NOTICE
A committee has been constituted by Ministry of Finance, Govt. of India to examine the unclaimed amount remained in various small savings schemes viz. Public Provident Fund, Senior Citizen Saving Schemes etc. and also to recommend how this unclaimed amount can be used to protect and further financial interest of the senior citizens, vide notification No. 13/20/2014.NS.II dated 03.09.2014. A copy of the notification Is available on our website finmin.nic.in and http:nsiindia.gov.in
Suggestions /ideas are invited on the proper utilization of deposits Remained unclaimed in various Small Savings Schemes with Post Offices and Banks for welfare and protecting financial interest of senior Citizens
Interested persons/organizations may submit their suggestions/ideas to the Joint Director National Savings Institute, Govt. of India. Ministry of Finance, ‘A’ Block, 4th Floor, CGO Complex, Seminary Hills, Nagpur — 440006 or email : nsi@nsiindia.gov.in latest by 15 November20141

Sd/-

(A. K.Chauhan)
joint Director, NSI &
Member – Secretary





No proposal to bring bank employees under the purview of the pay commission -IBA
Even after several rounds of talks between bank employee unions and the Indian Banks Association (IBA), there seems to be no consensus on the quantum of salary hike for over 800,000 employees at different public sector lenders.
While the IBA has indicated that the maximum hike that can be offered to employees is about 11%, unions are demanding a 25% raise.
With the stalemate still continuing, sources said a proposal could also be considered to bring them under the purview of the Seventh Pay Commission, which has already been constituted. A large section of bank employees are, however, unwilling to do the same.

No-proposal-to-bring-bank-employees-under-the-purview-of-the-pay-commission–IBA
“There needs to be an end to the stalemate and this is an option that has also come up,” an official source who refused to be identified said.
IBA chairman, TM Bhasin, however, told HT that there was no proposal to bring bank employees under the purview of the pay commission. “IBA has no such consideration and no proposal has come to the IBA,” he said.
“There have been some reports of bringing the bank employees under the purview of the pay commission but we are completely opposed to such a move,” said CH Venkatachalam, general secretary, All India Bank Employees Association.
The salary revision of bank employees is due since November 2012.
Unions meanwhile have threatened to go on a strike on November 12. There could even be an indefinite strike thereafter if the issue is not addressed, union representatives said.
A senior bank executive said the issue of wage settlement would have to be sorted at the earliest and the finance ministry could intervene to ensure that the deadlock comes to an end.
“At a time, when the Pradhan Mantri Jan Dhan Yojana is underway and targets have to be met, there is little scope to lose time,” he said.

Source : Hindustan Times


Pay Commission team visits Siachen to get first-hand experience.





The Pay Commission team during the visit.The 7th Pay Commission visited forward areas in Jammu and Kashmir, including the world's highest battlefield on the Siachen glacier, to get the first-hand feel of the freezing temperatures and hardship faced by soldiers.
The 16-member team headed by the panel's chairman, retired judge A.K. Mathur, spent time at the base camp in Siachen and went to other forward areas. The three services have submitted a joint memorandum to the Pay Commission regarding their "wish list". The panel will visit other defence installations as it continues its deliberations till January 1, 2016.
The panel spent considerable time at the Siachen base camp, interacting with soldiers and asking them about the conditions in one of the toughest areas of the world. They were also flown over the glacier and landed at a forward post. The soldiers work under extreme climatic conditions where the weather is a constant enemy. The soldiers shared their experience and talked about the harsh climatic condition they face on the line of duty. The punishing weather does not allow a person to spend more than a week at the glacier and the forward posts, they told the panel.
The panel members also witnessed ice craft and mountaineering training being carried out at the Siachen Battle School.
The Pay Commission team also landed at the advanced landing ground at Daulat Beg Oldie on the border with China. It is the world's highest landing strip and air operations in the rarefied high altitude air are a challenge.
During their visits to the forward areas, the delegation laid floral wreaths at the Siachen War Memorial, Kargil War Memorial and the Rezangla War Memorial while paying tributes to our martyrs, a defence PRO said.
At the Line of Actual Control, the Pay Commission members interacted with personnel from the Indian Air Force and Indo-Tibetan Border Police (ITBP).
Officials said the panel will have to consider the unique situation faced by the jawans, who are exposed to severe medical conditions because of the inhospitable environment. "The climate does not suit human habitation but the army jawans are positioned in the area manning the territory all through the year," an official said.
This is only the first round of interaction and more inputs would be sought by the team in the coming months.
Meanwhile, a delegation of the All Ladakh Central Government Employees (ALCGE), which comprises staff of Doordarshan, High Altitude Research Centre, Kendriya Vidyalaya, Jawahar Navodaya Vidyalaya, Institute of Buddhist Studies and Air Force Authority of India, met Justice Mathur's team.