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Showing posts from July, 2009

INS Arihant – NDTV Video

India, on Sunday, became only the sixth nation to produce a nuclear-powered submarine. India's own nuclear-powered submarine, INS Arihant, was launched by the Prime Minister.

Enhancement of Child Adoption Leave from 135 days to 180 days and extension of the facility of Paternity Leave to adoptive fathers

No. 13018/1/2009-Estt.(L) GOVERNMENT OF INDIA Ministry of Personnel, Public Grievances & Pensions (Department of Pension & Pensioners'Welfare) Lok Nayak Bhawan,New Delhi-110003 dated the 22nd July, 2009 OFFICE MEMORANDUM Sub: Enhancement of Child Adoption Leave from 135 days to 180 days and extension of the facility of Paternity Leave to adoptive fathers. The undersigned is directed to refer to this Department's O.M. No.13018/4/2004-Estt.(L) dated 31st March, 2006 regarding grant of Child Adoption Leave for 135 days to female Government servant on adoption of a child upto the age of one year, on the lines of maternity leave admissible to natural mothers. After implementation of the Sixth Central Pay Commission recommendations, the period of maternity leave was enhanced from 135 days to 180 days. Subsequently, this Department has received representations requesting for enhancement of the period of Child Adoption Leave from 135 days to 180 days i...

LIFE COVER OF Rs 1 CRORE FOR JUST Rs. 15000

There is a quiet rate war raging among insurers that has brought down the cost of Rs 1 crore cover to Rs 15,000 from over Rs 50,000 per annum a decade ago. A big chunk of the reduction has happened in recent months. Without much publicity life insurance companies have drastically reduced premium rates on high-value term insurance policies of Rs 1cr and above. As against a premium of over Rs 50,000 for a Rs 1 cr cover for a 30-year old woman charged by Life Insurance Corporation a decade ago, private life insurer Birla Sun Life are offering a similar cover for an annual premium of around Rs 15,000. Other private life insurers, such as ICICI Prudential life and HDFC Standard Life, have also reduced their term insurance rates. The term rates for LIC policies, too, have come down drastically as compared to 10 years ago. Today, one can avail of a LIC term policy with a sum assured of Rs 1cr for an annual premium of nearly Rs 25,700-32 ,000. But unlike LIC whose rates are available t...

‘One rank, one pension’ for officers, too

Defence Minister A K Antony today clarified in the Lok Sabha that "one rank, one pension" recommendation of the Cabinet Secretary-led panel had been accepted by the government for jawans as well as officers. The government has accepted recommendations of the panel on "one rank, one pension" and other related matters concerning the armed forces, the Lok Sabha was informed today. The decision is now nearer to the goal of “one rank, one pension” demand of nearly 1.5 million personnel, Antony said during question hour. The total financial implications on account of benefits to the personnel would be Rs 2,144 crore, the minister said. The committee has recommended inclusion of Classification Allowance for the Personnel Below Officer Rank (PBOR) from January 1, 2006, and removal of linkage of full pensions with 33 years from the same date, he said. The committee also recommended revision of pension of Lt Generals after carrying out a separate pay scale for them,...

Payment of Dearness Relief to re-employed pensioners and employed family pensioners. OM

F.No.38/88/2008-P&PW(G) GOVERNMENT OF INDIA Ministry of Personnel, Public Grievances & Pensions (Department of Pension & Pensioners' Welfare) 3rd Floor, Lok Nayak Bhavan Khan Market,New Delhi,  dated: 9th July, 2009 OFFICE MEMORANDUM Sub: Payment of Dearness Relief to re-employed pensioners and employed family pensioners. The undersigned is directed to say that the grant of DR to re-employed pensioners and employed family pensionersis presently regulated in accordance with the instructions contained in this Department's OM No.45/73/97 P&PW(G) dated 2.7.1999. Consequent upon the revision in ignorable amount of pension from Rs.1500/- to Rs.4000/- in terms of DOPT OM no. 3/13/2008-Esst,(PAY-I) dated 11.11.2008, the amount of Rs.1500/- appeared in OM dated 2.7.1999 is revised as Rs.4000/-. The other conditions for grant of DR to re-employed pensioners and employed family pensioners remain the same: : 2. In so far as persons serving in the Indian Audit Accounts Depar...

5% Dearness Allowance is expected for Central Govt. Employees w.e.f. 1st July 2009

Central Govt. employees and pensioners may expect a hefty rise of 5% in D.A. with effect from today, the 1st July 2009. According to the statistics of Labour Bureau, Govt. of India, All India Consumer Price Index No. has climbed up to 151 points in May 2009 in comparison to 147 in December 2008. [See the chart below.]  With this expected rise, the total Dearness Allowance will be 27% w.e.f. 01.07.2009. It may be mentioned that the rise in Dearness Allowance effects Transport Allowance also as per the Sixth Pay Commission for the Central Govt. Employees.  Calculation is based on All India Consumer Price Index Number for Industrial Worker based on [Base Year 2001 = 100]  Month Year Base Year  2001=100 Total Average App. DA DA May 2008...