NFPE P3 CWC in Raigarh
The P3 CWC is being held at Raigarh (Chattisgarh) for two days on 8-9 March, 2017, The CWC commencing on the International Women’s day. After a procession and flag hoisting the CWC commenced with the inaugural address by Comrade M. Krishnan, Secretary General Confederation. Comrades J. Ramamurthi (CHQ President); R. N. Parashar (General Secretary P3 & Secretary General, NFPE); Giriraj Singh (President NFPE); K. Ragavendran (GS AIPRPA); K. V. Sridharan (Ex-General Secretary, P3); R. Sivannarayana (Ex-CHQ President); R. Seethalakshmi (General Secretary, P4); P. Pandurangarao (General Secretary, AIPEU-GDS) and other leaders on dais:
MARCH 8th - INTERNATIONAL WOMENS DAY
Dear comrades,
Its my pleasure to greet you all on International Womens Day.
Today is an occasion to mark, to observe, to acknowledge, to appreciate and to salute the wonderful roles that women play in making this world a habitable, liveable, lovable place of living. We see women as scientists, politicians, doctors, software engineers, advocates, financial analysts; in media, fashion, entertainment, tax administration, police, sports, business management, industry. In every field, we have stellar examples of women achievers.
This is not an easy journey to start, or to continue.
As a tiny fledgling bundle of joy, eager to emerge into this world from the mother’s womb, girl children in many households still suffer from the existential threat of female foeticide or infanticide. It’s not a coincidence that there are only 940 females in India for 1000 males (2011 census). As she grows up, quite often, not only in rural areas but in urban too, girl children are deprived of education. Unrelenting education campaigns are yet to weed out the stigma in many households about educating girls. Even if the stigma is dispensed with, if there is a boy child and a girl child in a family that can educate only one of them, boy is sent to school. In lower economic strata, girls are looked upon as home keepers, and domestic help supplements, or petty employable commodities, for petty wages, even from their childhood. They are subjected to abuse and violence. Even in upper economic strata, in homes, in societies, in media, in films, girls are victims of wrong stereotypes.
In spite of such deprivations, disadvantages and discriminations, it’s amazing that girl children, from all kinds of economic strata, braving many odds, have grown into achievers, in different fields, trailing a blaze of success.
President of Intel India, IBM India; Chairmen/CEOs/ MDs of SBI, ICICI Bank, Axis Bank, Standard Chartered Bank, Cap Gemini, Britannia Industries, Wockhardt Hospitals, Lupin, National Stock Exchange, CRISIL, LIC; Country Heads of Morgan Stanley India, Facebook India, Hewlett Packard India, Diageo, Bank Of America Meryll Lynch, Accenture India are all women. Women scientists played a major role in the historic ISRO’s 104 satellite launch. Our sportsmen who saved the blushes in Olympics are sportswomen – PV Sindhu, Sakshi Malik, Dipa Karmakar. 19 women got Padmasri’s last year. Women have arrived to claim their rightful share of achievement. We need to celebrate their achievements. Project them. Make them icons of inspiration, for generations to derive energy from.
At the same time, we should be aware about the vast sea of women who are still shackled to the pathos of poverty, unemployment, illiteracy, lack of opportunities for a sustainable livelihood.
I saw a picture in a newspaper – a village bus stand – two grown up daughters along with their father / mother, about to board a bus. Father was a farmer or a wage earner, who lost his livelihood. They are migrating to city, in search of livelihood. The picture haunts me – I wonder – what happened to that family, those girls – in a city which is new to them, a city where they have to find a place to live, find work, with no resources to bank upon. What if they couldn’t? This is not the story of the girls in the picture alone, this is the story of thousands of girls from families ravaged by poverty, loss of livelihood; cornered, uprooted and thrown into an unknown arena of exploitation. As I think more and more about it, it makes me agitated more and more, to fight for the safeguards that women should be guaranteed – the most important being the right to education. Women should be enabled with education, with skills - with employable skills -at various ages and stages of life, so that they are endowed with the skill-set to earn decent livelihood. To save themselves from exploitation.
The task doesn’t stop there. Once women gain employment, they should be endowed with right to equality, right against discrimination in workplace. Women should be assured dignity of labour, equal wages, beneficial facilities and additional safeguards which compensate for their lack of level playing field. These safeguards and benefits should be made statutory, institutionalised, and implemented thoroughly. Because these are the safeguards that we have achieved through ages of fighting. We should make relentless fight for safegaurds that we are yet to achieve. We should be very vigilant. Because there will always be attempts to mock, sneer, and trample on the safeguards and the genuine benefits that we rightfully deserve.
In this context, I am reminded about an interview given by Anima Patil Sabale, a scientist – astronaut select, working at Intelligent Systems Division at NASA Ames Research Centre. She said : I wake up at 4 am everyday, cook lunch, pack lunches for everyone, lay out breakfast and clothes for the boys and then come to work. After I leave work, I travel for an hour to get home. My boys come home from school then I can help them with their homework, do the dishes and start cooking.
This is the story of everyone of us. Whether we are an astronaut in NASA or a scientist in ISRO, or a researcher in DRDO or an auditor in AG’s office or an Inspector in Incometax or an executive in a bank or a clerk in Civil Defence or a staff member of Indian Post or an announcer in AIR, or a surveyor in Geological Survey; name any job, any cadre, in any department, the story is the same. A woman is always an eco-system, balancing multiple roles, multiple commitments, at multiple places of work – both in office and also at home. There might be CL, EL etc in office, but there is not a single CL or EL in house. Good health or bad health, the tasks of bringing up children, and other home-making works don’t give any break. These realities necessitate the additional safeguards.
Comrades, we have travelled a long road, but we also have a long road ahead. Women need to be in more leadership positions, women should stand up as role models. Women should help other women grow, and women should form a strong bond of unity.
This day is a reminder of the road ahead, the enormity of the tasks that still stare at us. This day is a day to resolve, to rededicate ourselves to the task of women emancipation and empowerment.
UNO declared the campaign slogan as “Women in the changing World of Work : Planet 50=50 by 2030’, for gender equality. The theme for this year’s International Women’s day is rightfully coined as “Be Bold for Change”. On this occasion, as Chairperson of the Women’s Committee of the Central Government Employees and Workers, I call upon everyone to join hands and give a clarion call – Yes, we will make it happen.
Believe in yourself.
Sd/-
(Usha Bonepalli)
Chairperson,
Women’s Committee,
Confederation of Central Government Employees and Workers,
New Delhi.
How to know SOL wise salary upload details in Finacle
Are using HACLINQ or other Menus to view Salary Credit details of all employees accounts in your office including BOs ?.
Then this article will be helpful to you.
1. Invoke " HACLINQ " menu.
2. Enter A/c Id as " HO SOLID+0409 "
3. Enter " Start Date & End Date " as Salary Upload Date
4. Click on " View Details Icon "
5. Select " I-GO TO FINANCIAL TRANSACTIONS INQUIRY " from Restore Values list. And Click on " Go "
6. Enter " A/c SOL ID " as your office SOL ID
7. Uncheck " Today Transactions Only "
8. Click on " Go "
You may have to pay more for cash withdrawals
State Bank of India, the country’s largest lender, will charge Rs50 for each transaction beyond the free transaction limit, plus service tax, from 1 April. Top private sector banks have started imposing cash transaction charges—another move to nudge customers towards cashless transactions.
Customers of ICICI Bank, Axis Bank, HDFC Bank and Kotak Mahindra Bank will have to pay minimum Rs 150 for cash transactions beyond the free limit. Savings bank account holders of SBI will be able to make three free cash transactions in a month.
The free transaction limit is different for different banks and is also based on the types of accounts. For example, ICICI Bank, HDFC Bank and the Edge or Nova savings accounts of Kotak Mahindra Bank allow four free cash transactions each month. For Axis Bank and Kotak Mahindra’s Pro or Classic account holders, the number of free transactions is five. Customers with the Ace and Platina accounts at Kotak Mahindra Bank can perform 10 free cash transactions per month
Most public sector banks and some private sector banks have not yet announced cash transaction charges. But even now, public sector banks charge a transaction fee beyond a certain limit. Punjab National Bank allows 50 free transactions in a quarter, after which it charges Rs5 per transaction, according to details given on Paisabazaar.com.
Among the payments banks, Airtel Payments Bank charges Rs1 to Rs25 for withdrawals in the range of Rs10 to Rs4,000 and 0.65% for amounts over Rs4,000. IndiaPost Payments Bank charges Rs15-35 for withdrawals of up to Rs10,000. But this is only for door-to-door banking.
ATM Withdrawals
Transaction charges by banks will only be applicable on cash transactions at branches; ATM withdrawals will not be considered in calculating these number of transactions. The number of free ATM transactions will remain the same.
Most banks allow five free ATM transactions every month without any additional cost at their own ATMs. Three transactions are free at other banks’ ATMs in six metro cities—Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad. For non-metro users, the number of free transactions at other banks’ ATMs are five.
“There cannot be unlimited free transactions,” said Naveen Kukreja, co-founder and chief executive officer, Paisabazaar.com, adding that the number of free transactions will vary based on the relationship customers have with their banks.
impact
The new charges could pinch people who make withdrawals for daily or weekly use, or those who frequently transfer money from one city to another to their families.
“In all likelihood, most such high frequency transactions will be low in value,” Kukreja said. The biggest impact, however, is likely to be on small businesses like shopkeepers and traders who tend to deposit each day’s cash collection in their bank accounts the next day, he added.
However, the restrictions on cash transactions are largely aimed at savings bank accounts. The free transaction limits for current accounts remain much liberal.
For instance, a normal current account holder in SBI can deposit Rs25,000 per day without any charge, and thereafter a charge of Rs0.75 plus service tax per Rs1,000 would be applicable.
So, if you own a small business and make banking transactions through a current account, the impact of the limited cash transactions may not have a major impact on you. But if you frequently use savings bank account for these transactions, you may have to be careful with how many times you do so.
General Financial Rules,2017
SBI PO Prelims 2017: Here’s your guide to cracking the exam
The State Bank of India (SBI) is likely to hold online preliminary exams to recruit 2,313 Probationary Officers (PO) on April 29 and 30 and May 6 and 7, 2017.
The competition for the posts is going to be tough as a large number of candidates are expected to apply for the job, considered to be most coveted in the banking sector in the country.
Having said that, it is important to realise that apart from your mental ability and interest, success in most of the examinations, depends largely on how well you prepare for it. To prepare well, you need to understand the pattern of the examination and accordingly devise a strategy.
The preliminary examination is one-hour long objective type test in which candidates are asked 100 questions. Each question carries one mark and there are three sections in the exam. There are 30 questions from English section, while the other two sections-- Reasoning Ability and Quantitative Aptitude—contain 35 questions each.
A candidate must clear the sectional cut off for all the three sections and then clear the overall cut off (as decided by the bank) to crack the prelims examination. It is also important to remember that 0.25 mark is deducted for every wrong answer and so wild guesses must be avoided.
Candidates should work out a proper strategy for all these three sections and put in effort accordingly. Candidates should devote more time in areas where they are relatively weaker. But at the same time other sections should never be ignored. It is important because you need to clear the sectional cut-off in all the three sections. But scoring well in your areas of strength will help you to clear the overall cut-off required for qualifying for the second phase of the exam.
Before trying to take a look at the preparation strategy for the three sections separately, candidates should keep a few points in mind that will help them in dealing with the test at a broader level.
1. It is very difficult to solve all the questions in the examination. So it is advisable to pick the questions you answer judiciously and be focused while answering them to avoid mistakes. Though speed is very important, accuracy is more important. Talking to HT, R Shiva Kumar, chief academic officer, CL Educate Ltd. (Career Launcher), said, “Accuracy plays a key role – with even 55% to 65% attempts – in sailing you through the exam.”
2. A very good reading speed is one of the key factors for clearing this exam. The SBI preliminary examination is conducted online. The reading speed of a person goes down by around 25% while taking online test is a well-known scientific fact, says Abhishek Kalra, Director at Vidya Guru Education Pvt. Ltd. So Kalra advises candidates to do a lot of practice to increase their reading speed.
3. There is no substitute to practice. Kalra says a lot of students fail to clear the exam because of the lack of practice. “There are three stages of preparation 1) Clearing the concepts 2) Practicing what has been learned 3) Taking mock test. Many students try to jump from the first stage of preparation to the third stage and it is here that they miss the plot,” says Kalra.
4. Being able to spot the difficulty of the questions is another important factor in clearing the prelims examination. Kumar of Career Launcher wants the students to work towards acquiring the ability to spot tough and time-consuming questions quickly and avoid them in the first round of attempts. “Come back to them only if you have time after the first round. This is where the rhythm of testing helps. Deception in the choice of questions is probably the single most important reason for poor time management of the bank aspirants,” says Kumar.
Section-wise preparation:
There are three sections in the SBI PO prelims question paper and each section poses its own challenge. Apart from the overall strategy, candidates need to prepare a separate strategy to deal with each of the sections.
Quantitative Aptitude
Anil Nagar, Founder & CEO, Adda247 says, “If a candidate is good in calculation and his basic concepts are clear then this section is good for scoring. For quantitative aptitude, practice matters the most for scoring well within a limited time frame. But if you find this section difficult, it is important that you start practicing questions with a plan to cover all topics. To speed up your calculation, start learning and revising tables till 20, squares, cubes and square roots.”
In addition to this, Abhishek Kalra of Vidya Guru urges students to learn short-cuts and tricks for calculations, knowing values of faction in percentage and vice versa. Kalra also wants students to learn the fundamentals of Vedic mathematics. Some of the important focus areas suggested by Kalra for tackling this section are data interpretation, profit and loss, simple interest and compound interest, time and work, time, speed and distance, ratio proportion, and percentage.
Reasoning Ability
Coming out with his strategy to tackle this section, Nagar says, “Reasoning questions can be tricky and require lot of practice to score well. It is important not to get stuck on puzzle or seating arrangement questions for too long. A good hold on how to attempt the section will come with timely and regular practice of different types of questions. Kalra too emphasises on the importance of question selection and regular practice. He further says that this section is also a test of the ability of a candidate to apply his mind quickly and aptitude of spotting the angle and difficulty level of a question. Some of the focus areas suggested by Kalra to do well in this section are syllogism, blood relation questions, coding-decoding, input-output, direction test, mathematical inequations, seating arrangements and puzzle-based questions. “The question setter always tries to put something new in reasoning questions. This section has questions which are of higher difficulty level,” adds Kalra.
English Language
Many candidates who are not very good at maths and reasoning must be aiming to score very high in this section to be able to meet the overall cut-off requirement to clear the prelims. Nagar says that the “English section of the SBI PO exam has evolved so much that its question pattern and level have transformed from the conventional to a more challenging approach.”
Talking about the preparation for the English section for the SBI PO exam, Kalra urges students to focus on English reading and comprehension, contextual vocabulary, cloze test, fill in the blanks, sentence rearrangement and sentence error spotting. “Students must also learn the basics of grammar,” he said.
Mock Tests
The last and a very important phase in the preparation for the preliminary examination is taking the mock tests. The importance of this test lies in the fact that it gives you an opportunity to prepare for the problems faced in the examination situation. “Mock aids in two things – identifying your strengths and weaknesses and building the rhythm of testing. There is a tipping point beyond which the testing may not help much. But getting to that is an important part of the game. I believe 10 to 15 tests are sufficient for any competitive exam,” said R Shiva Kumar of CL Educate Ltd.
Last but not the least, a candidate planning to prepare for the PO’s post in SBI must know the nature of the job. “The SBI PO is a high-pressure job and is a good option for people who like pressure-cooker situation,” said Kalra. “People who are good at public relations and like to stay in company of people,” will also love this job.
Source : http://www.hindustantimes.com/
Revised Bank Charges : Here's why and how much you have to pay
Major Indian banks — SBI, ICICI, HDFC and Axis — have decided to charge users for cash transactions above certain limits and for a few facilities which were free till now. More banks are expected to follow suit. The new charges are aimed at discouraging cash transactions though banks might end up profiting from them hugely.
Below is what you must know if you have an account in any of these banks:
State Bank of India
1. From April 1, SBI will permit savings bank account holders to deposit cash three times a month free of charge. Beyond that, it will charge Rs 50 plus service tax for every transaction.
2. In case of current account, the levy could go as high as Rs 20,000.
3. SBI account holders will also have to keep a minimum balance in their accounts, failing which they will be fined. The fine will be lower for rural areas.
4. In metropolitan areas, there will be a charge of Rs 100 plus service tax if the balance falls below 75 per cent of the minimum available balance of Rs 5,000. If the shortfall is 50 per cent or less, the bank will charge Rs 50 plus service tax. SBI used to have such charges in 2012.
5. Withdrawal of cash from ATMs will attract a charge of up to Rs 20 if the number of transactions from ATMs of other banks exceeds three and Rs 10 for more than five withdrawals from SBI ATMs.
6. However, SBI will not levy any charge on withdrawals from its own ATMs if the balance exceeds Rs 25,000. In case of withdrawals from ATMs of other banks, there will be no charge if the balance exceeds Rs 1 lakh.
7. SBI will charge Rs 15 for SMS alerts per quarter from debit card holders who maintain average quarterly balance of up to Rs 25,000 during the three months. There will be no charge for UPI/USSD transactions of up to Rs 1,000.
Axis Bank
1. Axis Bank customers will be allowed five free transactions every month, including deposits and withdrawals. Above that, customers will be charged a minimum fee of Rs 95 per transaction.
2. Up to five non-home branch transactions will be free for customers, subject to a maximum per-day deposit of Rs 50,000. For larger deposits or the sixth transaction, the bank would charge Rs 2.50 per Rs 1,000, or Rs 95 per transaction, whichever is higher.
HDFC Bank
1. HDFC Bank will levy Rs 150 per transaction, beyond four free ones (deposits and withdrawals) each month.
2. The new charges would apply to savings as well as salary accounts.
3. For home-branch transactions, the bank will allow deposits or withdrawals of up to Rs 2 lakh free of cost at one go per day. Beyond this, it will charge Rs 5 per Rs 1,000, or Rs 150.
4. At non-home branches, transactions beyond Rs 25,000 a day will attract a charge of Rs 5 per Rs 1,000, or Rs 150.
ICICI Bank
1. There will be no charge for first four transactions a month at branches in home city while Rs 5 per Rs 1,000 will be charged thereafter subject to a minimum of Rs 150 in one month.
2. The third-party limit would be Rs 50,000 per day.
3. For non-home branches, ICICI Bank would not charge for first cash withdrawal of a calendar month and Rs 5 per Rs 1,000 thereafter subject to a minimum of Rs 150.
4. For anywhere cash deposit, ICICI Bank would charge Rs 5 per Rs 1,000 (subject to a minimum of 150) at branches, while deposit at cash acceptance machines would be free of charge for first cash deposit of a calendar month and Rs 5 per Rs 1,000 thereafter.
Source: www.economictimes.com
Use bank debit cards to withdraw cash from postal ATMs
ATMs out of cash? No problem, postal ATMs to the rescue for customers can now use their bank debit cards to withdraw cash at postal ATMs.
With the Postal Department’s proposal for interoperability of its ATMs with banks approved by the Reserve Bank of India, customers may withdraw cash from their postal accounts through bank ATMs too.
Post offices are now gearing up to load cash at regular intervals as the number of customers using postal ATMs is expected to increase steadily. Officials said though measures were taken to allow customers to withdraw cash by bank debit cards, it had to be delayed due to the demonetisation move.
At present, there are nearly 97 postal ATMs across the State, mostly in head post offices. Of this, about 10 ATMs are in city post offices, including the sub-post office in Ashok Nagar. “We are now taking measures to install ATMs in more post offices depending upon the patronage,” said an official.
Post offices in Chennai city region have nearly 2.5 crore savings accounts and savings bank accounts contribute to 25%. “We have issued nearly 53,000 postal debit cards in Chennai city region. This could now be used in bank ATMs as well,” the official added. Steps are being taken to expedite the process to issue debit cards to other postal account holders as well.
Internet, mobile banking
As part of its efforts to upgrade to postal bank, the Postal Department is set to launch internet and mobile banking services soon on par with the commercial banks. In about three months, customers could soon be able to pay bills, open a savings account or transfer money from post offices to banks too.
In yet another move to expand its services, the Department of Posts has tied up with Finland Post to exchange international speed posts articles recently. This would be the 100th country to which the department has extended its mail services
Why wait in 'Q'? - Postal Life Insurance
GPF liberalization of provisions for withdrawals – Amendment Order
Amendment to the provisions of General Provident Fund (Central Service) Rules 1960 – liberalization of provisions for withdrawals from the Fund by the subscribers – regarding
No.3/2/2017-P&PW(F)(ii)
Ministry of Personnel, PG & Pensions
Department of Pension & Pensioners’ Welfare
Desk-F
3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi-11 0003
Dated the 7th March, 2017.
OFFICE MEMORANDUM
Subject: Amendment to the provisions of General Provident Fund (Central Service) Rules 1960 – liberalization of provisions for withdrawals from the Fund by the subscribers – regarding.
The General Provident Fund (Central Service )Rules came into force in 1960 and Rule 15 of the said rules provide for withdrawals by the subscribers. Some amendments have been made from time to time to address the concerns raised by the subscribers. However, the provisions, largely remain restrictive. There is a felt need to liberalize provisions, raise limits and simplify the procedure.
2. The provisions in the rules have been reviewed and it has now been decided to permit withdrawals from the fund by the subscriber for the following purposes:
(i) Education – This will include primary, secondary and higher education, covering all streams and institutions,
(ii) Obligatory Expenses viz. betrothal, marriage, funerals, or other ceremonies of self or family members and dependants,
(iii) Illness of self, family members or dependants,
(iv) Purchase of consumer durables.
3. It has been decided to permit withdrawal of upto twelve months payor three-fourth of the amount standing at credit, whichever is less. For illness, the withdrawal may be allowed upto 90% of the amount standing at credit of the subscriber. A subscriber may seek withdrawal after completion of ten years of service.
(v) Housing including building or acquiring a suitable-house or a ready-built flat for his-residence,
(vi) Repayment of outstanding housing loan,
(vii) Purchase of house site for building a house,
(viii) Constructing a house on a site acquired,
(ix) Reconstructing or making additions on a house already acquired,
(x) Renovating, additions or alterations of ancestral house.
4. A subscriber may be allowed to withdraw upto ninety percent of the amount standing at credit for the above purposes. It is also decided do away with the present instructions which lay down that subsequent to the sale of house for which GPF withdrawal has been availed, the amount. withdrawn has to be deposited back. GPF withdrawal for housing purpose will no longer be linked with the limits prescribed under HBA rules. A subscriber may be permitted to avail the facility at any time during his service.
(xi) Purchase of motor car/motor cycle/ scooter etc. or repayment of loan already taken for the purpose,
(xii) Extensive repairs /overhauling of motor car,
(xiii)Making deposit to book a motor car/motor cycle/scoter, moped etc.
5. A subscriber may be permitted to withdraw three- fourth of the amount standing at credit or cost of the vehicle, whichever is less for the above purposes. Withdrawal for the above purpose will be permitted after completion of 10 years of service.
6. Presently, withdrawal of upto 90% of balance without assigning reasons is allowed for Government servants who are due for retirement on superannuation within a year. It is proposed that this may be allowed for upto two years before superannuation.
7. In all cases of withdrawal from the fund by the subscriber, the declared Head of Department is competent to sanction withdrawal. No documentary proof will be required to be furnished by the subscriber. A simple declaration form by the subscriber explaining the reasons for withdrawal would be sufficient.
8. As per the GPF(CS) Rule 1960, no time limit has been prescribed for sanction and payment of withdrawal amount. Therefore, it has been decided to prescribe a maximum time limit of fifteen days for sanction and payment of withdrawal from the Fund. In case of emergencies like illness etc., the time limit maybe restricted to seven days.
9. Necessary amendment to the GPF(Central Service)Rules 1960, giving effect to the above provisions will be issued in due course.
10. In so far as persons serving in Indian Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.
11. This issues with approval of Department of Expenditure, vide their ID No. 4(1 )/EV/2017 dated 28.02.2017.
12. Hindi version of this OM will follow
sd/-
(Sujasha Choudhu)
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