Tuesday, 31 August 2021

Extension of facility of cashless treatment to beneficiaries of Ayushman CAPF Scheme: CGHS Order

 Extension of facility of cashless treatment to beneficiaries of Ayushman CAPF Scheme: CGHS Order

File No: S11011/16/2021/CGHS-HEC
Ministry of Health & Family Welfare
Directorate General Central Govt. Health Scheme
(Hospital Empanelment Cell)
(Govt. of India)

Room No. 545- A, Nirman Bhawan, New Delhi

Dated 27th August 2021


Subject: Extension of facility of cashless treatment to beneficiaries of Ayushman CAPF Scheme.

Reference is invited to this Office Order File No. S 11011/16/2021/CGHS(HEC)/DIR/CGHS dated 25th February 2021.Additional Directors of all the CGHS Cities are again directed to request all the Health Care Organisations (HCOs) empanelled under CGHS, in their respective area’s to be empanelled with “Ayushman CAPF Scheme” of NHA and sign MOA with NHA for providing cashless health care facilities to its beneficiaries. Additional Directors of CGHS Cities shall take an immediate action to interact with officials of NHA to facilitate the same.

Dr. Sanjay Jain
Director (CGHS)
Tel. No. 011-23062800

1. AD(HQ) Addl.DDG(HQ), CGHS / All Additional Directors, CGHS Cities/ MSD/ Nodal Officer, CGHS (MCTC) / Sr CMO, Hospital Cell, Sr. CMO (HEC)

Copy to:
1. The Chief Executive Officer, National Health Authority, 3rd, 7th & 9th Floor, Tower-I, Jeevan Bharati Building, New Delhi-110001

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Sunday, 29 August 2021

Special cover on Pattamadai Pai

 Special cover on Pattamadai Pai

Special cover was released on Pattamadai Pai on 26.8.2021

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'India's Election To CA And POC Of Universal Postal Union Noteworthy': EAM S Jaishankar

'India's Election To CA And POC Of Universal Postal Union Noteworthy': EAM S Jaishankar

External Affairs Minister S Jaishankar congratulated "Team MEA" on being elected to the Council of Administration at the 27th Universal Postal Union Congress.

External Affairs Minister S Jaishankar congratulated "Team MEA" on being elected to the Council of Administration (CA) at the 27th Universal Postal Union Congress in Abidjan.  At the 27th Universal Postal Union (UPU) Congress in Abidjan on Friday, India was elected to the Council of Administration (CA) with 134 votes.

EAM S Jaishankar says India's election to Universal Postal Union is noteworthy

According to India's Permanent Mission to the United Nations in Geneva, the country received the most votes in CA polls from South Asia and Oceania. At the 27th Universal Postal Union Congress in Abidjan, India was elected to the Postal Operations Council (POC) with 106 votes (out of 156 countries). "India's election to the Council of Administration (CA) and the Postal Operations Council (POC) of Universal Postal Union yesterday is noteworthy. Congratulate #TeamMEA. Will work with all to strengthen cooperation in the UPU. #UPUCongress2021," Jaishankar said in a tweet.

What is the Council of Administration?

The Council of Administration (CA) is made up of 41 countries and meets once a year at the headquarters of the UPU in Berne. The Council oversees the UPU's activities, provides continuity between Congresses, and researches regulatory, administrative, legislative, and legal concerns. The CA has the authority to approve recommendations by the Postal Operations Council for the adoption of regulations or new processes until the next Congress, ensuring that the UPU can respond promptly to developments in the postal environment. Every four years, the Universal Postal Congress meets. The CA can also take any actions it deems important to address pressing situations. It approves the UPU's biennial budget and accounts. It also approves yearly updates on the UPU's strategy and budget. The Council is responsible for promoting and coordinating all aspects of technical assistance among member countries as well.

What is the Postal Operations Council?

The UPU's technical and operational authority, the Postal Operations Council (POC), is made up of 40 member countries that are elected during Congress. The organisation elects its own chair and meets once a year at the headquarters of the UPU in Berne. The work of the POC is aimed at assisting Posts in modernising and upgrading their postal products and services. It is concerned with the postal service's operational, economic, and commercial aspects. In areas where uniform procedures are required, the council also offers recommendations to member countries on standards for technological, operational, or other processes.

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Saturday, 28 August 2021

Director General of Universal Postal Union

 Director General of Universal Postal Union

Department of Posts, Ministry of Communications, Government of India congratulates the next Director General of Universal Postal Union, Mr. from #Japan! We reaffirm our support and cooperation to and the new leadership.
Universal Postal Union
Congratulations to Masahiko Metoki, the next Director General of the Universal Postal Union! He has won with 102 votes and he will begin his mandate on 1 January 2022

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Sovereign Gold Bond Scheme Frequently Asked Questions

 Sovereign Gold Bond Scheme Frequently Asked Questions

 Sovereign Gold Bond Scheme Frequently Asked Questions

Sovereign Gold Bond Scheme

(Updated as on February 4, 2019)

1. What is Sovereign Gold Bond (SGB)? Who is the issuer?

SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.

2. Why should I buy SGB rather than physical gold? What are the benefits?

The quantity of gold for which the investor pays is protected, since he receives the ongoing market price at the time of redemption/ premature redemption. The SGB offers a superior alternative to holding gold in physical form. The risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest. SGB is free from issues like making charges and purity in the case of gold in jewellery form. The bonds are held in the books of the RBI or in demat form eliminating risk of loss of scrip etc.

3. Are there any risks in investing in SGBs?

There may be a risk of capital loss if the market price of gold declines. However, the investor does not lose in terms of the units of gold which he has paid for.

4. Who is eligible to invest in the SGBs?

Persons resident in India as defined under Foreign Exchange Management Act, 1999 are eligible to invest in SGB. Eligible investors include individuals, HUFs, trusts, universities and charitable institutions. Individual investors with subsequent change in residential status from resident to non-resident may continue to hold SGB till early redemption/maturity.

5. Whether joint holding will be allowed?

Yes, joint holding is allowed.

6. Can a Minor invest in SGB?

Yes. The application on behalf of the minor has to be made by his/her guardian.

7. Where can investors get the application form?

The application form will be provided by the issuing banks/SHCIL offices/designated Post Offices/agents. It can also be downloaded from the RBI’s website. Banks may also provide online application facility.

8. What are the Know-Your-Customer (KYC) norms?

Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to the investor(s).

9. Can an investor hold more than one investor ID for subscribing to the Sovereign Gold Bond?

No. An investor can have only one unique investor Id linked to any of the prescribed identification documents. The unique investor ID is to be used for all the subsequent investments in the scheme. For holding securities in dematerialized form, quoting of PAN in the application form is mandatory.

10. What is the minimum and maximum limit for investment?

The Bonds are issued in denominations of one gram of gold and in multiples thereof. Minimum investment in the Bond shall be one gram with a maximum limit of subscription of 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government from time to time per fiscal year (April – March). In case of joint holding, the limit applies to the first applicant. The annual ceiling will include bonds subscribed under different tranches during initial issuance by Government and those purchased from the secondary market. The ceiling on investment will not include the holdings as collateral by banks and other Financial Institutions

11. Can each member of my family buy 4Kg in their own name?

Yes, each family member can buy the bonds in his/her own name if they satisfy the eligibility criteria as defined at Q No.4.

12. Can an investor/trust buy 4 Kg/20 Kg worth of SGB every year?

Yes. An investor/trust can buy 4 Kg/20 Kg worth of gold every year as the ceiling has been fixed on a fiscal year (April-March) basis.

13. Is the maximum limit of 4 Kg applicable in case of joint holding?

The maximum limit will be applicable to the first applicant in case of a joint holding for that specific application.

14. What is the rate of interest and how will the interest be paid?

The Bonds bear interest at the rate of 2.50 per cent (fixed rate) per annum on the amount of initial investment. Interest will be credited semi-annually to the bank account of the investor and the last interest will be payable on maturity along with the principal.

15. Who are the authorized agencies selling the SGBs?

Bonds are sold through offices or branches of Nationalised Banks, Scheduled Private Banks, Scheduled Foreign Banks, designated Post Offices, Stock Holding Corporation of India Ltd. (SHCIL) and the authorised stock exchanges either directly or through their agents.

16. If I apply, am I assured of allotment?

If the customer meets the eligibility criteria, produces a valid identification document and remits the application money on time, he/she will receive the allotment.

17. When will the customers be issued Holding Certificate?

The customers will be issued Certificate of Holding on the date of issuance of the SGB. Certificate of Holding can be collected from the issuing banks/SHCIL offices/Post Offices/Designated stock exchanges/agents or obtained directly from RBI on email, if email address is provided in the application form.

18. Can I apply online?

Yes. A customer can apply online through the website of the listed scheduled commercial banks. The issue price of the Gold Bonds will be ₹ 50 per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode.

19. At what price the bonds are sold?

The nominal value of Gold Bonds shall be in Indian Rupees fixed on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewelers Association Limited, for the last 3 business days of the week preceding the subscription period.

20. Will RBI publish the rate of gold applicable every day?

The price of gold for the relevant tranche will be published on RBI website two days before the issue opens.

21. What will I get on redemption?

On maturity, the Gold Bonds shall be redeemed in Indian Rupees and the redemption price shall be based on simple average of closing price of gold of 999 purity of previous 3 business days from the date of repayment, published by the India Bullion and Jewelers Association Limited.

22. How will I get the redemption amount?

Both interest and redemption proceeds will be credited to the bank account furnished by the customer at the time of buying the bond.

23. What are the procedures involved during redemption?

·         The investor will be advised one month before maturity regarding the ensuing maturity of the bond.

·         On the date of maturity, the maturity proceeds will be credited to the bank account as per the details on record.

·         In case there are changes in any details, such as, account number, email ids, then the investor must intimate the bank/SHCIL/PO promptly.

24. Can I encash the bond anytime I want? Is premature redemption allowed?

Though the tenor of the bond is 8 years, early encashment/redemption of the bond is allowed after fifth year from the date of issue on coupon payment dates. The bond will be tradable on Exchanges, if held in demat form. It can also be transferred to any other eligible investor.

25. What do I have to do if I want to exit my investment?

In case of premature redemption, investors can approach the concerned bank/SHCIL offices/Post Office/agent thirty days before the coupon payment date. Request for premature redemption can only be entertained if the investor approaches the concerned bank/post office at least one day before the coupon payment date. The proceeds will be credited to the customer’s bank account provided at the time of applying for the bond.

26. Can I gift the bonds to a relative or friend on some occasion?

The bond can be gifted/transferable to a relative/friend/anybody who fulfills the eligibility criteria (as mentioned at Q.no. 4). The Bonds shall be transferable in accordance with the provisions of the Government Securities Act 2006 and the Government Securities Regulations 2007 before maturity by execution of an instrument of transfer which is available with the issuing agents.

27. Can I use these securities as collateral for loans?

Yes, these securities are eligible to be used as collateral for loans from banks, financial Institutions and Non-Banking Financial Companies (NBFC). The Loan to Value ratio will be the same as applicable to ordinary gold loan prescribed by RBI from time to time. Granting loan against SGBs would be subject to decision of the bank/financing agency, and cannot be inferred as a matter of right.

28. What are the tax implications on i) interest and ii) capital gain?

Interest on the Bonds will be taxable as per the provisions of the Income-tax Act, 1961 (43 of 1961). The capital gains tax arising on redemption of SGB to an individual has been exempted. The indexation benefits will be provided to long terms capital gains arising to any person on transfer of bond.

29. Is tax deducted at source (TDS) applicable on the bond?

TDS is not applicable on the bond. However, it is the responsibility of the bond holder to comply with the tax laws.

30. Who will provide other customer services to the investors after issuance of the bonds?

The issuing banks/SHCIL offices/Post Offices/Designated stock exchanges/agents through which these securities have been purchased will provide other customer services such as change of address, early redemption, nomination, grievance redressal, transfer applications etc.

31. What are the payment options for investing in the Sovereign Gold Bonds?

Payment can be made through cash (upto ₹ 20000)/cheques/demand draft/electronic fund transfer.

32. Whether nomination facility is available for these investments?

Yes, nomination facility is available as per the provisions of the Government Securities Act 2006 and Government Securities Regulations, 2007. A nomination form is available along with Application form. An individual Non - resident Indian may get the security transferred in his name on account of his being a nominee of a deceased investor provided that:

i.            the Non-Resident investor shall need to hold the security till early redemption or till maturity; and

ii.            the interest and maturity proceeds of the investment shall not be repatriable.

33. Can I get the bonds in demat form?

Yes. The bonds can be held in demat account. A specific request for the same must be made in the application form itself.

Till the process of dematerialization is completed, the bonds will be held in RBI’s books. The facility for conversion to demat will also be available subsequent to allotment of the bond.

34. Can I trade these bonds?

The bonds are tradable from a date to be notified by RBI. (It may be noted that only bonds held in de-mat form with depositories can be traded in stock exchanges) The bonds can also be sold and transferred as per provisions of Government Securities Act, 2006. Partial transfer of bonds is also possible.

35. What is the procedure to be followed in the eventuality of death of an investor?

The nominee/nominees to the bond may approach the respective Receiving Office with their claim. The claim of the nominee/nominees will be recognized in terms of the provision of the Government Securities Act, 2006 read with Chapter III of Government Securities Regulation, 2007. In the absence of nomination, claim of the executors or administrators of the deceased holder or claim of the holder of the succession certificate (issued under Part X of Indian Succession Act) may be submitted to the Receiving Offices/Depository. It may be noted that the above provisions are applicable in the case of a deceased minor investor also. The title of the bond in such cases too will pass to the person fulfilling the criteria laid down in Government Securities Act, 2006 and not necessarily to the Natural Guardian.

36. Can I get part repayment of these bonds at the time of exercising put option?

Yes, part holdings can be redeemed in multiples of one gm.

37. How do I contact RBI to address my queries regarding Sovereign Gold Bond ?

A dedicated e-mail has been created by the Reserve Bank of India to receive queries from members of public on Sovereign Gold Bonds. Investors can mail their queries to this email id.

 Source : https://m.rbi.org.in/Scripts/FAQView.aspx?Id=109

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Increase of Entry Age up to 70 Years under NPS: PFRDA Circular 26.08.2021

 Increase of Entry Age up to 70 Years under NPS: PFRDA Circular 26.08.2021


B-14/A Chhatrapati Shivaji Bhawan
Qutab Institutional Area,
Katwaria Sarai, New Delhi-110016


Circular no.: PFRDA/2021/36/SUP-CRA/14

August 26, 2021

All Central Record Keeping Agencies (CRAs)
other NPS stakeholders for information

Subject: Increase of Entry Age up to 70 Years under NPS

In response to the large number of requests received from the existing Subscribers to remain invested under NPS beyond 60 years or beyond their superannuation, and the desire from citizens above 65 years to open NPS, it has been decided to increase the entry age of NPS in the interest of Subscribers and benefit them with the opportunity of creating a long term sustainable pension wealth. The existing age of entry which is 18-65 years has been revised to 18-70 years.

Accordingly, PFRDA has revised the guidelines on entry and exit. Any Indian Citizen, resident or non-resident and Overseas Citizen of India (OCI) between the age of 65-70 years can join NPS and continue or defer their NPS Account up to the age of 75 years. Those Subscribers who have closed their NPS Accounts are permitted to open a new NPS Account as per increased age eligibility norms. The unique features and benefits of increased age of entry are as mentioned below,

A. Choice of Pension Fund (PF) and Asset Allocation:

The Subscriber, joining NPS beyond the age of 65 years, can exercise the choice of PF and Asset Allocation with the maximum equity exposure of 15% and 50% under Auto and Active Choice respectively. The PF can be changed once per year whereas the asset allocation can be changed twice.

B. Exit and withdrawals:

The exit conditions for subscribers joining NPS beyond the age of 65 years will be as under:

a. Normal Exit shall be after 3 years. The subscriber will be required to utilize at least 40% of the corpus for purchase of annuity and the remaining amount can be withdrawn as lump sum. However, if the corpus is equal to or less than ₹5.00 lakh, the Subscriber may opt to withdraw the entire accumulated pension wealth in lump sum.

b. Exit before completion of 3 years shall be treated as Premature Exit. Under pre-mature exit, the Subscriber is required to utilize at least 80% of the corpus for purchase of annuity and the remaining can be withdrawn in lump sum. However, if the corpus is equal to or less than ₹2.5 lakh, the subscriber may opt to withdraw the entire accumulated pension wealth in lump sum.

c. In case of unfortunate death of the subscriber, the entire corpus will be paid to the nominee of the subscriber as lump sum.
The Investment and Exit features are provided at the Annexure for ready reference.

C. NPS Tier II Account:

The Subscribers are also eligible to open Tier II Account for investing their disposable income to optimize their returns which unlike Tier-I account can be withdrawn at any time.

CRAs are advised to roll out the new feature for the benefit of Subscribers in a time bound manner. Also, CRAs need to disseminate the information and create awareness through SMS, Educational videos, FAQ, Email communication and creative contents as deemed fit.

For any assistance, Mr. A. Ramesh Kumar (ramesh[dot]kumar[at]pfrda[dot]org[dot]in) or the undersigned can be contacted.

This circular is issued under Section 14 of PFRDA Act 2013 and is available at PFRDA’s website (www.pfrda.org.in) under the Regulatory framework in “Circular” section.

(K. Mohan Gandhi)
Chief General Manager



I. Investment Option for Subscribers

1. Auto Choice: The maximum exposure under equity asset class is 15%.

2. Active Choice: The cap on equity exposure is 50% and rest of the asset classes as per choice of the subscriber.

3. Exit Option for Subscribers

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