Bonus declaration of RPLI for the Year 2008-09

Simple Reversionary Bonus rate for the year ending 31.03.2009 on the Rural Postal Life Insurance Policies on their becoming claim, due to death or maturity:-

Sl.	Type of Insurance Policy	Rate of Bonus
(i)	Whole Life Assurance (WLA)	Rs.65 per thousand sum assured
(ii)	Endowment Assurance (EA)	Rs.50 per thousand sum assured
(iii)	Anticipated Endowment Assurance (AEA)	Rs.47 per thousand sum assured
(iv)	Convertible Whole Life Policies	Whole Life Bonus would be applicable but on conversion, Endowment Bonus rate will be applicable

The rate of Bonus for the year 2008-09 will be applicable from the date of receipt of this notification by the Circles and this will also be applicable to claim cases received but not settled till the date of receipt of this Notification.

Interim Bonus at the rates mentioned above will also be payable for all claims arising due to maturity or death until future valuation is completed.

Source:-Directorate of Postal Life Insurance Notification No. 5-1/2007-LI dated 6^th November, 2012 (To view the notification please Click here)

PLI/RPLI Awards Function

Directorate of Postal Life Insurance Letter No.19-01/2010-LI Dated : 07.11.2012 

PLI/RPLI Awards Function is being conducted at Hotel Atria, Palace Road Banglore on 20.11.2012 A/N followed by a Press Meet. 

Awards/gold certificate will be given away by Secretary (Posts).

Voluntary Retirement of Ms. Yesodhara Menon (IPoS-1978), Member (Personnel), Postal Services Board w.e.f. 31-12-2012 (F/N)

To view Department of Posts Order No. 13-2/2010-SPG Dated 31-10-2012 please Click here.  

Transfer to lower post under FR 15(a).

To Views Department of Personnel and Training OM No.16/4/20 I 2-Pay-1 dated 5th November, 2012 please Click here. 

Convening of DPC for promotion to ASP Cadre-Submission of documents

APARs, Special Report, Disc/Vig clearance of IPs, who are coming under zone of consideration, called for by Circle Office vide C.O. Letter No. ST/24-15(1)/2012 dated 03-10-2012 for convening DPC for promotion to ASP Cadre, have not been received from following Divisions:-

1.Puri Division, Puri

2.Cuttack City Division, Cuttack

3.Bhubaneswar Division, Bhubaneswar

4.RMS N Division, Cuttack

5.Cuttack North Division, Cuttack

6.Balasore Division, Balasore

7.Mayurbhanj Division, Baripada

Reminder has been issued vide C.O. Letter No.ST/24-15(1)/2012 dated 06/11/2012 for submission of documents in respect of IPs of concerned unit without any further delay. 

CHQ News:-Convening of regular DPC for promotion to PS Group ‘B’ cadre.

No. CHQ/IPASP/DPC/2012                                        Dated:    5/11/2012.

To,

Ms. Manjula Prasher,

Director General,

Department of Posts,

Dak Bhavan, New Delhi 110 001.

Sub:     Convening of regular DPC for promotion to PS Group ‘B’ cadre.

Ref.:     Directorate file No. 9-23/2012-SPG.

Respected Madam,

Your kind attention is invited to this Associations’ letter of even number dated 7/5/2012 and reminders dated 25/7/2012 and 27/8/2012 wherein various after effects and injustice being meted out to our members due to non convening of timely DPC was brought to your kind notice but unfortunately no attention seems to have been paid by the Directorate in this regard. The members are taken as granted every time and none of their demands has been settled so far.  As such members of the Association are insisting me to resort to Trade Union activities including participating in the ensuing P-III strike, starting non co-operation movement to the administration.     

2.       Needless to say, that convening of timely DPCs and draw up panel for future vacancies is obligatory on the part of administration and legitimate right of the employees but this year neither any supplementary DPC for left out 23 posts of 2011 has been convened nor the pace of execution of DPC seems to be such that regular DPC for the vacancy year 2012 would be held before December 2012.  Due to this arbitrariness and unplanned action, our 23 senior most members have already been deprived of their legitimate right of promotion and now the others are being left out to face the apathy of the department.  In order to provide us justice, Directorate can pull the staff sitting at the helm of the affairs in Circles to send DPC records to Directorate; else the DPC can be conducted from the available records. 

3.       At present, the most isolated and depressed is Inspector Posts (IP) cadre which is struggling for getting Grade Pay (GP) of Rs.4600/- at par with analogous Inspectors of Customs & Central Excise and now they are struggling even to get regular promotion after remaining  25 to 28 years of service in IP Cadre.  The only charm left at the fag end of one’s service career is Non functional grade pay of Rs.5400/- that too after four years of regular service in PS Group B Cadre. Apparently, the delay in regular promotion (mercy grant) to those at their verge of retirement would be the most sufferers for non grant of Non functional grade pay, having cascade effect to their pensionary benefits and retirement life. 

  

4.         In view of the above, it is once again requested your kind honour that emergent action plan may be put in place to immediately convene the DPC giving adequate time to the officers to join well before December-2012 the crucial date of getting increment and qualifying service for entering into GP of Rs.5400/-.

          With profound regards and Diwali Greetings,

Yours sincerely,

Sd/-

(Vilas Ingale)

General Secretary

SBI to accept cheques conforming to new standards from Jan 1

To meet the objective, SBI has asked all its branches to issue only with uniform features conforming to CTS 2010 standard cheques to their customers.

NEW DELHI: State Bank of IndiaBSE -0.44 % (SBI) today said it will from January 1 accept only those cheques which conform to new standards.

The step has been taken as per the direction of the Reserve Bank of India.

To meet the objective, SBIBSE -0.44 % has asked all its branches to issue only with uniform features conforming to CTS 2010 standard cheques to their customers.

All other banks including private sector and foreign banks have also started the process of phasing out of non-CTS cheques for migration to this system.

For standardisation and enhancement of security features in cheque forms and its migration to CTS 2010 standard, all branches of the bank will now issue only CTS 2010 standard cheques to their customers, SBI said in a public notice.

"Non CTS cheques will be out of circulation with effect from December 31, 2012 and will not be acceptable in clearing system also," it said.

All the customers of the bank are requested to contact their branches immediately to submit their requisition for issuance of CTS 2010 standard cheques and surrender their existing non-CTS cheques for cancellation, it added.

The homogeneity in security features of CTS 2010 standard cheques will act as deterrent against frauds, and the fixed field placement specifications facilitate straight-through-processing at drawee banks' end through the use of optical or image character recognition technology.

The introduction of new cheque standards 'CTS 2010' was warranted on account of several developments in the cheque clearing namely growing use of multi-city and payable-at-par cheques at any branch of a bank, increasing popularity of speed clearing for local processing of outstation cheques and implementation of grid based CTS for image-based cheque processing etc. 

Source:-The Economic Times

CHQ News:-Circle Conference...Gujrat Circle.

Biennial Circle Conference of Gujrat Circle was held at Ahmedabad on 4th November, 2012. GS and CHQ Treasurer attended the Circle Conference. The following office bearers have been elected unanimouly for the next two years term. 

1) President : Shri S. V. Parmar, ASP, RMS "W" Division, Vadodara. (Mobile-9712031364) 

2) Circle Secretary : Shri V. R. Shah, ASP (Court), o/o CPMG, Gujrat Circle, Ahmedabad. (Mobile-9426572244).

All India Association of Inspectors and Assistant Superintendents of Posts, Odisha Circle Branch congratulates the newly elected office bearers. 

Grant of Special CL to attend CWC Meeting to be held on 18-11-2012

LPG refill delayed? Dealer may be fined

Soon, cooking gas dealers will have to pay a fine if they fail to deliver refills within 48 hours of booking. This is one of the provisions the oil ministry is working on for inclusion in the revised marketing guidelines for state-run fuel retailers. 

Ministry sources said the exercise is aimed at addressing complaints from consumers against dealers received during the ongoing verification process of their connections. 

An official said delayed delivery was one of the most common complaints, especially in non-metros . "The modality of a dealer penalty is under discussion. We are not looking at slapping a fine for each case of delayed delivery . It may be graded on the line of, say, if more than 10-20 % of a dealer's deliveries are found to be late," he said. 

The new guidelines would make it simple for a consumer to transfer his/ her connection to another family member. They would also simplify the processes for surrendering, regularizing or reactivating blocked/ dormant connections. 

COMING SOON 

Easy transfer of LPG connection to kin during customer's lifetime or after death Option to surrender connection online Instant new LPG connection without duplication of customer's KYC, for nonsubsidized cylinders New LPG guidelines aim to cut red tape 

Government: Want To Empower Consumers 

The oil ministry has received complaints from various quarters during its ongoing KYC drive to verify LPG consumers . "It is a fact that the process has put consumers to a great deal of hardship . We are aiming to cut red tape to improve service and empower consumers ," a senior ministry official said .

"The refreshed guidelines would also spell out steps and measures already in place but not enforced rigorously because either they don't figure in the norms or there's not much awareness about them . Inclusion in the guidelines would ensure stricter enforcement and improve consumer interface with dealers ," he added . 

The campaign aims at weeding out bogus consumers with multiple connections — the key to the success of the plan to plug exploitation of subsidy and reduce government's financial burden . 

But widespread consumer complaints and political protests over the annual sixcylinder cap has forced a government relook .

WHAT THE NEW NORMS SAY 

FACILITY | GUIDELINES 

1 Instant new LPG connection without any duplication Guidelines | 

Non-subsidized cylinders available at customer's request subject to KYC/duplication checks 

2 Retention/Reactivation of multiple and blocked connection 

Such connections can now be converted to nonsubsidized non-domestic non-exempt rate connection with no KYC formalities. KYC formalities and duplication checks will be required to recommence subsidized cylinder entitlement 

3 Transfer of LPG connection in family member's name when customer is alive 

Now permitted 

4 Transfer of connection to legal heir in case of customer's death 

Now simplified and permitted on furnishing self-declaration by the next of kin 

5 Regularization of connection in third party's name but with all original documents 

Now permitted subject to KYC checks/letters of consent/ bond/security deposit 

6  Regularization of connection in third party's name but without original documents 

Permitted subject to KYC checks/duplication check/ security deposit/affidavit 

7 Reactivation of customers blocked due to non use of connection for more than six months 

Now standardized application with declaration and KYC checks 

8 Surrender connection 

Now available in website. Distributors to contact customers and facilitate surrender. Oil companies now monitor the same 

Source;-The Economic Times