Saturday, December 3, 2016

Expected DA from Jan 2017 – 3% or 2% ?

Expected DA from Jan 2017 – 3% or 2% ?

As per AICPIN release for October month we have computed expected DA from January 2017, this is only on assumption basis. AICPIN value may vary for November & December 2016.

Illustration 1:

In case AICPIN value more than 277 for Nov & Dec 2016, then Dearness Allowance from January 2017 will be 3%


Illustration 2:

In case AICPIN less than 277 for Nov & Dec 2016, then Dearness Allowance from January 2017 will be 2% Due to Demonetisation, AICPIN Value may be volatile for coming months. However we have to wait & See


Friday, December 2, 2016

Central Government Employees retiring from January 2017 to submit online application

Central Government Employees retiring from January 2017 to submit online application


DP&PW OM on Processing of Pension cases mandatorily through Bhavishya, Retiring employees to submit the online application w.e.f 01/01/2017

Department of Pension & Pensioners’ Welfare has issued an OM regarding online system for processing Pension cases and filing of pension data online by retiring central government employees



No. 55/14/2014/P&PW(C)Part-1

Government of India
Ministry of Personnel, Public Grievances and Pension
Department of Pension & Pensioners’ Welfare
3rd Floor, Lok Nayak Bhawan,
Khan Market, New Delhi
Dated: 29th November, 2016
OFFICE MEMORANDUM

Sub: Processing of Pension cases mandatorily through Bhavishya (Online Pension Sanction & Payment Tracking System) w.e.f 01/01/2017 – reg.

Department of Pension and Pensioners’ Welfare is responsible for formulation of policy and coordination of matters relating to pension policy and welfare of Central Government pensioners. It has been seen that despite detailed guidelines and instructions to the contrary a large proportion of retiring employees do not get their retirement benefits and the Pension Payment Order(PPO) in time. It is likely that such retired employees find it difficult to get the process completed after retirement. The sanction process starts more than a year before the date of retirement and requires cooperation amongst various agencies. This department has, therefore, launched Bhavishya – an online pension sanction and payment tracking system. The system by keeping track of the progress of each case introduces transparency and accountability. Both the retiring employees as well as administrative authorities can monitor progress at each stage.

2. The system has been running successfully in the main Secretariat of all ministries/departments for the last one year. It has since been extended to cover over 3000 Drawing and Disbursing Officers and Pay and Accounts Offices from various ministries/departments and their attached offices.

3. It has now been decided that all Heads of Offices will henceforth mandatorily process all pension cases only through Bhavishya. In this, where necessary, they will assist the retiring employee to submit the online application form. The Pay and Accounts Offices will process cases generated through Bhavishya through the pension module in COMPACT till the Public Financial Management System(PFMS) is made operational and integrated with Bhavishya.

4. It is to be noted that all authorities will strictly follow the timelines prescribed under the CCS(Pension) Rules and in no case will the pension case be delayed on account of electronic processing through Bhavishya.

5. These instructions take effect from 1st January, 2017.

6. This issues with the approval of competent authority.

(Seema Gupta)
Director

Aadhaar-based Authentication for Card Present Transactions

Aadhaar-based Authentication for Card Present Transactions

Aadhaar-based Authentication for Card Present Transactions
RBI/2016-17/170
DPSS.CO.PD No.1421/02.14.003/2016-17
December 02, 2016
The Chairman and Managing Director / Chief Executive Officers
All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks /
State Co-operative Banks / District Central Co-operative Banks/
Authorised Card Payment Networks / White Label ATM Operators /
Payments Banks / Small Finance Banks

Dear Madam / Sir,
Aadhaar-based Authentication for Card Present Transactions

A reference is invited to our circular DPSS.CO.PD.No.892/02.14.003/2016-17 dated September 29, 2016 wherein banks were advised to ensure that all new card present acceptance infrastructure deployed with effect from January 1, 2017 are enabled for processing payment transactions using Aadhaar-based biometric authentication also.

2. It has been brought to our notice that the rate of deployment of acceptance infrastructure has slowed down owing to the mismatch between demand and supply of such Aadhaar-enabled devices. Therefore, on a review, it has been decided to extend the time for deployment of Aadhaar-enabled devices till June 30, 2017. However, banks may continue to make necessary arrangements, including changes as host-end, network level and device readiness, as required to ensure adherence to above instructions.

3. Further, it is also clarified that the instructions contained in our circular dated September 29, 2016 are for deployment of new card acceptance infrastructure. As regards enablement of existing card acceptance infrastructure for processing payment transactions using Aadhaar-based biometric authentication, the timeline will be advised in due course.

4. This directive is issued under Section 10(2) read with Section 18 of Payment and Settlement Systems Act 2007 (Act 51 of 2007).

5. Please acknowledge the receipt of this circular.

Yours faithfully,
(Nanda S. Dave)
Chief General Manager

Restoration of normal business hours in POs - P3 CHQ writes to Department

PARLIAMENT MARCH CAMPAIGN MEETING AT BUBHANESHWAR GPO ON 29-11.2016