• Pension Fund Regulatory Development Authority (PFRDA) is likely to allocate Rsised Amount upto Rs 4,100 crore
    The Pension Fund Regulatory Development Authority (PFRDA) is likely to allocate Rs 4,100 crore in 2010-11 among the three pension managers, State Bank of India, UTI Mutual Fund and LIC Mutual Fund. Last year, the regulator had allocated Rs 3,700 crore.
    The corpus would mainly be the contribution of central and state government employees. At present, 25 states have signed up for the new pension scheme (NPS).
    The NPS’ board of trustees  decided to review the allocation formula. The allocations will be decided on the basis of the managers’ performance over the past year. According to PFRDA’s website, SBI’s pension fund had the highest net asset value (NAV) under central government schemes. As on April 23, SBI pension fund had an NAV of Rs 12.82 for central government employees, while UTI Retirement Solutions posted an NAV of Rs 12.38. LIC Pension Fund’s NAV was Rs 12.41.

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  • 9% DA hike can be assumed from June 2010
    DA hike can be assumed from June 2010, provided the All India Consumer Price Index (AICPI) doesnt come down was was the case for Jan 2010. The DA from June 2010 can be 45%. This is calculated assuming that the All India Consumer Price Index (AICPI) remains unchanged at 170 During April to June, which are yet to be announced. These figures for January 2010 was 172 and came down to 170 during February and remained same at 170 for March.

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  • Central Board of Trustees, Employees’ Provident Fund (CBT, EPF)
    A budgetary estimate of Rs. 96 crore has been approved by the Central Board of Trustees, Employees’ Provident Fund (CBT, EPF) for the implementation of the first phase of the ‘Modernization Project’ of the Employees’ Provident Fund Organisation (EPFO) being implemented in collaboration with National Informatics Centre (NIC).
    The first phase of the ‘Modernization project’ has already been implemented in 28 offices of EPFO. It is planned to implement it in the remaining 92 offices of EPFO in the current financial year i.e. 2010-11.

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  • The railway board granted payment of overtime Allowance in the revised 6CPC Pay scale
    (RAILWAY BOARD)
    S.No. PC-VI/189                                    RBE No. 29/2010
    No. PC-V/2008/A/O/3(OTA)                 New Delhi, dated 17.02.2010
    The General Managers
    All Indian Railways and
    Production Units.
    (as per mailing list)
    Sub: Grant of Overtime Allowance to Railway employees consequent upon revision of pay scales and allowances.
              Pursuant to the recommendations of the Sixth Pay Commission, the issue of revision of Over Time Allowance has been under consideration and in partial modification of the Board’s earlier orders on the subject, it has been decided by the Board that the Railway employees who are governed by the Statutory Acts like the Factories Act, Hours of Employment Regulations or those covered under rules for Departmental Overtime and who have opted for the revised scales of pay in terms of Railway Services (Revised Pay) Rules, 2008, may be granted overtime allowance, on the basis of their emoluments in the revised scales of pay.
    2. The emoluments, for the purpose of computation of rates of OTA will comprise the following:
    a) Railway employees governed by Factories Act
    • Basic Pay (Pay in Pay Band + Grade Pay)
    • Dearness Allowance
    • House Rent Allowance
    • Transport Allowance
    • Cash equivalent of the advantage accruing through the concessional sale to workers of food grains and other articles, as the worker is for the time being entitled to (excluding wages for Overtime work or Bonus)
    b) Railway employees governed by HOER
    • All the items as shown in (a) above except House Rent Allowance
    c) Railway employees governed by rules Under Departmental Overtime
    (i) Employees working in Loco Sheds and C & W Depot
    • All the items as shown in (a) above except House Rent Allowance
    (ii) Other Railway employees governed under Departmental Orders
    • Basic Pay (Pay in Pay Band + Grade Pay)
    • Dearness Allowance
    3. The revised rates of Overtime Allowance shall be effective from 01-9-2008.
    4. With a view to minimize instances of OTA, General Managers may take following measures:-
    (i) Prepare an action plan for systematic and efficient utilization of manpower covering various aspects viz. filling up of vacancies, especially in Running staff and operational categories, proper management of sanction of leave and rational deployment of staff.
    (ii) Conduct a fresh job analysis of the duties of Motor Car Drivers who are presently classified as ‘Continuous’ to determine their actual period of working requiring sustained attention.
    (iii) Prefer hiring of vehicles for official use, if necessary.
    (iv) Allow compensatory off to the staff booked on holidays due to exigencies.
    (v) Direct all the RRBs to follow a uniform pattern by giving compensatory off to their staff instead of OTA.
    (vi) Review payment of OTA to supervisors in the Pay Band-2 except to those who are earmarked for breakdown duties, to minimize the incidence of OTA.
    5. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.

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  • Employees finally got their second arrears
    Payment of second instalment of arrears of pension on account of implementation of Government's decision on the recommendations of the Sixth Central Pay Commission, The orders for revision for pension on implementation of the recommendations of the Sixth Central Pay Commission were issued vide this Departments OMs of even number dated 1.9.2008 and 2.9.2008, as clarified from time to time. It was provided in these orders that 40% of arrears of pension will be paid in the year 2008-09 and the remaining 60% in the year 2009-10. Accordingly the first instalment of 40% of arrears of pension has been paid in the year 2008-09. It has been decided that the remaining 60% of arrears of pension may now be paid to the pensioners.
    2.        All the Pension Disbursing Authorities/Public Sector Banks are requested to disburse the remaining 60% of arrears of pension to the pensioners latest by 30,9,09.
    3.        This issue with the approval of Ministry of Finance vide their OM
    No.1/1/2008-IC dated 25 08.2009

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  • Assam Board Examination Results 2010
    Dear Friends ,

    Assam Board Examination Results 2010


    HSLC, AHM Examination Results 2010
    RESULTS TO BE ANNOUNCED ON MAY 29, 2010 AT 11 AM

    At Following link

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