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National Pension System (NPS) Lite

Pension Fund Regulatory and Development Authority (PFRDA) has been established by the Government of India, Ministry of Finance vide Notification F.No.5/7/2003-ECB & PR dated 10th October, 2003 to promote old age income security.

Pension Fund Regulatory and Development Authority (PFRDA) has put in place the institutional framework and infrastructure required for administering the ‘National Pension System’ (NPS) for government employees & all citizens of India. The Unorganized sector model of the NPS, prescribes certain norms related to minimum amount of investment per contribution, during the year and no of contributions per year. The associated charge structure makes such small investments unviable. To facilitate the economically disadvantaged sections of society with limited investment potential also to take advantage of NPS, PFRDA now makes available a unique platform at ultra low cost with optimized features. The individuals would be able to join NPS as groups through “aggregators”.

NPS Lite model broadly has similar functionalities as the regular NPS model. However, some of the services would not be available at individual subscriber level; instead these services would be provided at Aggregator level and the individual can avail of those features through aggregators.

Under NPS Lite, Permanent Retirement Account would be available to subscribers. This will be non-withdrawable account, in which an NPS Lite subscriber shall contribute his/her savings for obtaining an annuity at the time of retirement.

Benefits of joining NPS Lite?

It is voluntary – NPS is open to eligible* Indian citizens. You can choose the amount you want to set aside and save every year. Investment can be as low as Rs.100 p.m.

It is simple – all you have to do is open an account through your Aggregator and get a PRAN.

It is uniform -. Single investment plan similar to Central Govt employees.

It is portable – You can operate your account from anywhere in the country, even if you change your city, job or your Aggregator

It is safe – NPS is regulated by PFRDA, with transparent investment norms and regular monitoring and performance review of fund managers by NPS Trust.

It is affordable-NPS Lite has features optimized for low investment potential subscribers and is available at ultra low cost.

*eligibility as given in Regulations for Aggregators under NPS Lite-2010

NPS Lite Architecture

PFRDA

PFRDA is the prudential Regulator for the National Pension System (NPS). PFRDA was  established by the Government of India, Ministry of Finance; vide Notification  F.No.5/7/2003-ECB & PR dated 10th October, 2003 to promote old age income security by  establishing, developing and regulating pension funds, to protect the interests of  subscribers to schemes of pension funds and for matters connected therewith or incidental  thereto. PFRDA has been authorized by the Central Government Vide Notification F.No.1  (6)2007-PR dated 14th November 2008 to appoint/establish various intermediaries in the  system such as Central Record Keeping Agency (CRA), Pension Funds (PFs), Points of  Presence, Trustee Bank, NPS Trust, Custodian, etc. for operationalizing the NPS roll out to  unorganized sector subscribers.

Basic Amenities in Hospitals and Dispensaries

In so far as three Central Government Hospitals viz. Safdarjung Hospital, Dr. RML Hospital and LHMC & Smt. S.K. Hospital are concerned, there is no lack of basic amenities in these hospitals. However, they cater to patients coming not only from Delhi and its surrounding areas, but also from far flung States leading to huge increase in footfalls in these Hospitals against the available infrastructure. Hence, at times, there is some deficiencies in cleanliness and sanitation in some of the busy areas of these hospitals. Adequate sanitation and basic amenities are also provided in the CGHS dispensaries.

Regular rounds are made by Sanitary Supervisors/House-Keeping Manager and Officer In-charge (Sanitation ) to ensure cleanliness in the Hospitals. Besides, weekly rounds are taken by the Medical Superintendents. In addition to this, teams from Directorate General of Health Services visit these hospitals from time to time to ensure smooth working of these hospitals including cleanliness and sanitation.

Cleanliness and sanitation is maintained in these hospitals by following strict cleanliness schedule and with the help of regular as well as outsourced employees. Mechanized cleaning is also undertaken in certain vital areas. Pest Control work is regularly done. Training of housekeeping staff is also done on regular basis. Sanitation services are outsourced in CGHS dispensaries where no safai karmcharis are available.

The above information was given by the Union Minister for Health & Family Welfare Shri Ghulam Nabi Azad in a written reply in the Rajya Sabha today.

-PIB

Central Footwear Training Institutes

Two Central Footwear Training Institutes (CFTIs) have been  set up in Chennai and Agra respectively. These Institutes impart training in Footwear & allied industries and provide  Common Facility Services, Techno Managerial Consultancy Services including designing to the MSME enterprises..

CFTIs are conducting long term and short term training courses for footwear and allied industries.  The long term courses which are of one year or two years duration, relate to footwear technology and designing. The short term courses, ranging from 1 month to 6 months duration, cover subjects such as computerized shoe designing, shoe upper clicking, upper closing etc and need-based courses for MSME enterprises.

The CFTIs impart rigorous hands-on training on footwear manufacturing techniques with focus on self-employment.  There is also emphasis on new product development. These Institutes offer a two years Diploma Course in “Footwear Manufacturing & Designing”, which is accredited with International Textile Institute, U.K., one of the internationally reputed institutions in the field of training in footwear & textile sector.

Number of trainees trained and number of units benefitted by CFTIs during the last three years is:

Number of Candidates Trained

Name of the Institute

2009 – 10

2010 – 11

2011 – 12

CFTI, Agra

5022

5336

5603

CFTI, Chennai

8345

8912

10525

 

Number of MSME Units Assisted

Name of the Institute

2009 – 10

2010 – 11

2011 – 12

CFTI, Chennai

1095

1562

1354

        CFTI, Agra

475

528

569

 

This information was given by the Union Minister for Micro, Small and Medium Enterprises, Shri Vayalar Ravi in a written reply to a question in the Lok Sabha today.

Saving Scheme in Post Offices

The Minister of State for Communications & Information Technology Sh Sachin Pilot informed the LokSabha yesterday that the gross deposit of Small Savings Scheme in Post Offices  declined in the financial year 2011-12 as compared to the year 2010-11.

The decline of gross deposit in small savings schemes is, among other things, due to investor’s choice of alternative instruments for effecting savings. The Government has taken following measures to make the small saving schemes more attractive:-

 1.   The rate of interest on Post Office Savings Account (POSA) has been increased from 3.5% to 4%.  The ceiling of maximum balance in POSA 1 lakh in single account and 2 lakh in joint account) has been removed.

 2.  The maturity period for Monthly Income Scheme (MIS) and National Savings Certificate (NSC) has been reduced from 6 years to 5 years.

 3.   A new NSC instrument, with maturity period of 10 years, has been introduced.

 4.  The annual ceiling on investment under Public Provident Fund (PPF) Scheme has been increased from ` 70,000 to ` 1 lakh.

 5.  Liquidity of Post Office Time Deposit (POTD) – 1, 2, 3 & 5 years – has been improved by allowing pre-mature withdrawal at a rate of interest 1% less than the time deposits of comparable maturity.  For pre-mature withdrawals between 6-12 months of investment,  Post Office Savings Account (POSA) rate of interest has been allowed.

 6.         Central and State Governments take various measures from time to time to promote and popularisesmall saving scheme through print and electronic media as well as by holding seminars, meetings and providing training to the various agencies involved in mobilising deposits under various small savings schemes. The rate of interest on Small Savings Schemes has been aligned with Government-Security rates of similar maturity with a spread of 25 basis points (bps) in all schemes except 10 Years National Savings Certificates (IX-Issue) and Sr. Citizens Savings Scheme where the spread of 50 bps and 100 bps has been given respectively (100 bps are equal to 1%).  Interest rate for every financial year will now be notified before 1st April of that year.

There were 26,01,69,920   number of operational small savings accounts in the Post Offices as on 31.03.2012 and the amount deposited therein upto the end of March 2012  was  Rs. 190732.73 crore .

2,84,10,593 accounts were closed by customers during financial year 2011-12.

New Pension Scheme for Workers without benefit of Formal Pension

There are 6.92 crores members under Employees’ Pension Scheme, 1995 as on 31.03.2012. However, to ensure the welfare of the workers who are not benefited by any formal pension scheme, the Government has announced a co-contributory pension scheme the ‘Swalalamban’ whereby the Central Government would contribute a sum of Rs.1,000 per annum in each New Pension System (NPS) account opened having a savings of Rs.1,000 – Rs.12,000 per annum. The Scheme commenced in 2010-11. The Government will provide contribution for 5 years to the beneficiaries who register in the year 2010-11, 2011-12 and 2012-13 and therefore, the scheme has been extended up to the year 2016-17.

A total of 3,01,920 subscribers during 2010-11, 6,43,980 subscribers during 2011-12 and 90,061 subscribers till 30th August, 2012 in the current Financial Year have been enrolled under the Scheme.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today.

Proof of Identity during Train Journey

With a view to reduce chances of misuse of reservation system by unscrupulous elements, it has been prescribed that passengers have to produce original proof of identity during the journey in the following cases:

1. For e-tickets, any one of the passengers booked on the ticket has to produce any one of the prescribed proofs of identity in original.

2. For Tatkal tickets, the original proof of identity as indicated on the ticket.

3. For journey in Air-conditioned classes, any one of the passengers booked on the ticket has to produce any one of the prescribed proofs of identity in original.

For other than Tatkal and e-tickets, no instructions regarding production of proof of identity while travelling in non Air-conditioned classes have been issued, so far.

This information was given by the Minister of State for Railways Shri K. H. Muniyappa in written reply to a question in Lok Sabha today.

DOPT Order 2012 – Internship Programme on Implementation of Right to information

F.No.1/21/2012-IR
Government of India
Ministry of Personnel, PG & Pensions
Department of Personnel & Training

North Block,
New Delhi, the 4th September, 2012.

OFFICE MEMORANDUM

Subject: Internship Programme on Implementation of Right to information.

The undersigned is directed to say that the Department of Personnel & Training as the nodal Department for Right to Information Act., 2005 has felt the need to consolidate and document the experiences of the Ministries/Departments of Government of India in the implementation of RTI, its success, constraints in implementation, identify the areas which need more attention, address the gap areas and see what need to be done to help achieve the objectives of the Act.

2. The Department of Personnel and Training has drawn up a short term Internship Programme for undergraduates pursuing five year Integrated Course in Law to conduct an analysis of RTI applications in Public Authorities under the Central Government. After the internship, the interns would submit their reports to DOPT and concerned Ministry / Department.

3. Ministries / Departments desirous of getting the above mentioned analysis are requested to allow interns sponsored by DOPT to analyse a sample of the RTI applications received in the last one year in the respective Ministry/Department. It is requested that the number of interns that can be accommodated by the Ministry/Department may also be intimated alongwith the details of Nodal Officer to coordinate with DOPT. The expenditure of the Internship Programme by way of conveyance allowance of the interns would be borne by DOPT. The response in this regard may please be intimated to DOPT latest by 20th September,2012.

(Anuradha S.Chagti)
Director

Original Order
http://circulars.nic.in/WriteReadData/CircularPortal/D2/D02rti/1_21_2012-IR.pdf

Opening of Computer Education Centres at Tehsil Level

There is no proposal under consideration of the Government for opening Computer education centres at tehsil level for providing free computer education to youth. However, Ministry of Labour & Employment has formulated a new scheme titled “KaushalVikasYojana” to set up 1500 new Industrial Training Institutes (ITIs) & 5000 Skill Development Centres (SDCs) in un-serviced blocks of the country including Uttarakhand under Public Private Partnership (PPP). Approval process of the scheme is on. These ITIs and SDCs are proposed to conduct demand driven courses including Computer education.

The Union Labour & Employment Minister Shri Mallikarjun Kharge gave this information in a written reply in Rajya Sabha today.

Launching of 4G Services

The Minister of State for Communications & Information Technology Sh Milind Deora informed the Lok Sabhatoday that the government has allotted Broad Band Wireless Access (BWA) Spectrum for 4G services to six different service providers through Auction apart from BSNL & MTNL.

BSNL has provided 50077 connections through 4G/WiMAX and Bharti Airtel 3180 subscribers through 4G network.

In August 2011 TRAI released a consultation paper “IMT Advances Mobile Wireless Broadband Services”. Comments have been received from 23 stakeholders, which are available on TRAI’s website www.trai.gov.in. The comments received are being examined by the Authority.

DOPT Order – Grant of Cadre clearance and extension of tenure of foreign assignments of officers of the Organized Gp. ‘A’ & Op. ‘B’ Services of the Government of India with the international organizations- reg

MOST IMMEDIATE/OUT TODAY

No. 12/76/2012-FA (UN)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel & Training

North Block, New Delhi, the 4th September, 2012

OFFICE MEMORANDUM

Subject:- Grant of Cadre clearance and extension of tenure of foreign assignments of officers of the Organized Gp. ‘A’ & Op. ‘B’ Services of the Government of India with the international organizations- reg.

Kindly refer to this Department’s O.M. No. AB-14017/2/07-Estt. (RR), dated 29/02/2008, regarding Consolidated guidelines on deputation/foreign service for members of the organized Gp. ‘A’ and Gp. ‘B’ Services of the Central Government. In this regard, the undersigned is further directed to say that the ACC has approved that the norm of fixing seven years as maximum period away from the cadre may be followed strictly.

2. Therefore, all the Ministries/Departments of the Government of India are hereby requested to restrict the proposals of officers of the organized Gp. ‘A’ & Gp. ‘B’ Services of the GOI proceeding on foreign assignment from a deputation post to a maximum of seven years on the deputation post and the foreign assignment put together subject to the tenure limits prescribed in the above referred O.M. dated 29/02/2008.

(Dr. Amarpreet Duggal)
Deputy Secretary to the Government of India

Original Order

http://circulars.nic.in/WriteReadData/CircularPortal/D2/D02eod/12_76_2012-FA-UN.pdf

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