OROP Scheme for Banking Industry

OROP Scheme for Banking Industry One Rank One Pension scheme for banking industry Pension in Nationalised Banks is based on Bipartite Settlement between Unions/Associations and Indian Banks’ Association (IBA) representing managements of Banks. IBA has informed that there have been demands from Pensioners’ Associations regarding pension updation. At present, no such proposal is under consideration of Government. IBA has informed that pension in Nationalised Banks is paid to the retirees’ from the pension fund of...

Voluntary Retirement Scheme (VRS) in SBI

Voluntary Retirement Scheme (VRS) in SBI State Bank of India (SBI) has informed that there is no plan to launch Voluntary Retirement Scheme (VRS) in their bank at present. SBI has informed that VRS was offered by the erstwhile Associate Banks of SBI to their employees and officers before merger and three thousand five hundred sixty nine (3569) employees/officers of erstwhile Associate Banks had opted for the same. The abvoe information given by the Minister of State in the Ministry of Finance Shri Santosh Kumar Gangwar...

Launch of work from home facility by SBI

Launch of work from home facility by SBI State Bank of India (SBI) has informed that it has introduced ‘Work from Home Policy’ for permanent Officers in the Bank. The details of the Policy are annexed.  (i) The facility can be availed occasionally up to 5 days a month or for a longer duration, subject to approval by the Competent Authority not less than officers in the grade of TEGS-VI i.e. Deputy General Manager/TEGSS-I i.e. Chief General Manager. (ii) Job profiles covered have clear defined deliverables, which...

Recommendations Of Sixth CPC On Military Service Pay

Recommendations of Sixth CPC on Military service pay This Sixth Central Pay Commission vide Paras 2.3.12, 2.3.14 and 2.3.26 of its report had recommended Military Service Pay (MSP) at the rate of Rs. 6000/- per month in respect of officers upto the level of Brigadier and Rs. 1000/- per month in respect of Personnel Below Officer Rank (PBOR) of the Defence Forces. However, the Government while accepting the recommendations of the Commission had enhanced the MSP for PBOR to Rs. 2000/- per month. The above information...

EPFO”s investment in stocks

EPFO”s investment in stocks Whether it is a fact that the EPFO”s investment in stocks through Exchange Traded Funds (ETFs) would cross the Rs. 45,000 crore mark by the end of this fiscal? No. Whether it is also a fact that the rate of return on this investment for the last year was 13.3 per cent? No. Whether it is also a fact that as on April, 2017 the stock investment stood at Rs. 21,559 crore; and if so, the details thereof? Yes, The details are as under: (Rs. in crore) SBI Nifty 50 & Sensex ETF 17,178.99 UTI...

MACPs For The Central Government Civilian Employees - 7th CPC

Modified Assured Career Progression(MACPs) for the Central Government Civilian employees:Implementation of Seventh CPC Recommendations CONTROLLER GENERAL OF DEFENCE ACCOUNTS  ULAN BATAR ROAD, PALAM, DELHI CANTT-10 X1/11051/MACP/2016/V01-I Dated 10/08/2017 To PCA (Fys), PCsDA/CsDA Sub: Modified Assured Career Progression(MACPs) for the Central Government Civilian employees:Implementation of Seventh CPC Recommendations Various reference has been received from different Controllers regarding grant of...

Employment Of Women And Girls In Government Organisations Agencies

Employment of women and girls in Government organisations agencies The Government has been making concerted efforts to encourage the women to join Government service by providing some special facilities as enumerated below: (i) maternity leave (ii) child care leave (iii) child adoption leave (iv) special allowance to women with disability (v) provision of crèche facility (vi) posting of husband and wife at the same station (vii) special priority in allotment of residential accommodation (viii) provision...

Creation Of Employment Opportunities Through MSMEs

Creation of employment opportunities through MSMEs The Micro, Small and Medium Enterprises play an important role in creating employment opportunities in the country. As per the last Census (Fourth) of Micro, Small and Medium Enterprises data collected with reference to base year 2006-07, as well as data extracted from the Economic Census 2005 conducted by Central Statistical Office (CSO), Ministry of Statistics & Programme Implementation (MoSPI), for activities excluded from Fourth Census, namely wholesale/retail...

Contractual Appointments In Government Departments

Contractual appointments in Government departments The Government posts are to be filled in accordance with the recruitment rules. Wherever recruitment rules provide reemployment as a mode of recruitment or in cases of exigencies of work, retired Government servants are reappointed on contractual basis for a specific period. The Central Civil Services (Fixation of Pay of re-employed Pensioners) orders, 1986 as amended from time to time govern the pay fixation of re-employed pensioners including the persons re-employed...