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Wednesday, 2 November 2016
Release of Commemorative Postage Stamp on 'National Unity Day'
Release of Commemorative Postage Stamp on 'National Unity Day'
Rashtriya Ekta Diwas (National Unity Day) was introduced by the Government of India and inaugurated by Indian Prime Minister Narendra Modi in 2014. The intent is to pay tribute to Vallabhbhai Patel, who was instrumental in keeping India united. It is to be celebrated on 31 October every year as annual commemoration of the birthday of the Iron Man of India Sardar Vallabhbhai Patel, one of the founding leaders of Republic of India. The official statement for Rashtriya Ekta Diwas by the Home Ministry of India cites that the National Unity Day “will provide an opportunity to re-affirm the inherent strength and resilience of our nation to withstand the actual and potential threats to the unity, integrity and security of our country.”
National Unity Day celebrates the birthday of Patel because, during his term as Home Minister of India, he is credited for the integration of over 550 independent princely states into India from 1947-49 by Independence Act (1947). He is known as the “Bismarck of India”.
The celebration is complemented with the speech of Prime Minister of India followed by the "Run for Unity".
The theme for 2016 celebrations was "Integration of India".
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SEVEN LEADERSHIP PRINCIPLES TO LEARN FROM AN EAGLE....
SEVEN LEADERSHIP PRINCIPLES TO LEARN FROM AN EAGLE....
1. *Eagles fly Alone and at High Altitudes.*
They don't fly with sparrows, ravens, and other small birds.
*MEANING*; Stay away from narrow-minded people, those that bring you down. Eagle flies with Eagles. Keep good company.
2. *Eagles have an Accurate Vision.*
They have the ability to focus on something as far as 5km away. No matter the obstacles, the eagle will not move his focus from the prey until he grabs it.
*MEANING*; Have a vision and remain focused no matter what the obstacles and you will succeed.
3. *Eagles do not Eat Dead things. They Feed only on Fresh Prey.*
*MEANING*; Do not rely on your past success, keep looking for new frontiers to conquer. Leave your past where it belongs, in the past.
4. *Eagles Love the Storm.*
When clouds gather, the eagle gets excited, the eagle uses the storms wind to lift itself higher. Once it finds the wind of the storm, the eagle uses the raging storm to lift itself above the clouds. This gives the eagle an opportunity to glide and rest its wings. In the meantime, all the other birds hide in the branches and leaves of the tree.
*MEANING*; Face your challenges head on knowing that these will make you emerge stronger and better than you were. We can use the storms of life to rise to greater heights. Achievers are not afraid to rise to greater heights. Achievers are not afraid of challenges, rather they relish them and use them profitably.
5. *When a Female Eagle Meets a Male Eagle* and they want to mate, she flies down to earth, picks a twig and flies back into the air with the male eagle in hot pursuit. Once she has reached a height high enough for her, she drops the twig and let it fall to the ground while she watches. The male eagle chases after the twig and catches it before it reached the ground, then bring it back to the female eagle. The female eagle grabs the twig and flies to a much higher altitude and drop the twig again for the male eagle to chase. This goes on for hours with the height increasing each time until the female eagle is assured that the male eagle has mastered the art of picking the twig which shows commitment. Then and only then will she allow him to mate with her.
*MEANING*; Whether in private life or business, one should test the commitment of the people intended for partnership.
6. *Eagles Prepare for Training;*
They remove the feathers and soft grass in the nest so that the young ones get uncomfortable in preparation for flying and eventually flies/ when it becomes unbearable to stay in the nest./
*MEANING*; Leave your Comfort Zone, there is No Growth there.
7. *When the Eagle Grows Old,*
His feathers becomes weak and cannot take him as fast and as high as it should. This makes him weak and could make him die. So he retires to a place far away in the mountains. While there, he plucks out the weak feathers on his body and breaks its beaks and claws against the rocks until he is completely bare; a very bloody and painful process. Then he stays in this hiding place until he has grown new feathers, new beaks and claws and then he comes out flying higher than before.
*MEANING*; We occasionally need to shed off old habit no matter how difficult, things that burden us or add no value to our lives should be let go of.
*YES, NEVER GIVE UP,*
*BE AN EAGLE, NEVER EVER GIVE UP !!!*
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IPPB to Increase the Business of POSB indirectly
IPPB to Increase the Business of POSB indirectly
The India Post Payments Bank is working on striking synergies with the Post Office Savings Bank of the Department of Posts to ensure that its customers don’t look elsewhere for parking deposits exceeding ₹1 lakh.
In view of the regulatory restriction that a payments bank can hold a maximum balance of ₹1lakh per individual customer, the India Post Payments Bank (IPPB) is planning to create a mechanism whereby balances over this limit get automatically transferred to the Post Office Savings Bank (POSB). In this regard, the IPPB is closely examining a clause in the Reserve Bank of India’s payments bank guidelines whereby it can accept a large pool of money to be remitted to a number of accounts provided at the end of the day the balance does not exceed ₹1 lakh.
The IPPB and the POSB apparently want to make sure that as far as possible the customer’s money stays within the government-owned postal system. So, a customer opening a savings bank account with IPPB will be given the option to also open a linked POSB account. The IPPB has been set up under the Department of Posts (DoP) as a public limited company wholly owned by the government of India. The DoP received ‘in-principle’ RBI approval to set up payments bank in August 2015.
The POSB currently offers investment options, including savings bank account, recurring deposit account, time deposit, monthly income scheme, senior citizens savings scheme, and public provident fund, to small investors. These services are offered as an agency service for the Finance Ministry.
As per RBI guidelines, payments banks can accept demand deposits — current deposits and savings bank deposits from individuals, small businesses and other entities. They can neither accept fixed deposits and NRI deposits nor can they give loans.
The primary objective of a payment banks is to further the cause of financial inclusion by providing small savings accounts and payments/remittance services to migrant labour workforce, low-income households, small businesses, other unorganised sector entities and other users.
Among the reasons cited by banking industry experts for mainstream banks to pick up stakes in entities having ‘in-principle’ RBI approval to start payments banks are to provide their banking expertise, the opportunity to tap deposits exceeding ₹1 lakh, and cross-selling loans.
For example, Reliance Industries and State Bank of India have signed an agreement to set up a payments bank with equity contribution of 70 per cent and 30 per cent, respectively. Kotak Mahindra Bank has acquired 19.90 per cent stake in Airtel Payments Bank.
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AICPIN for September 2016 – Expected DA from Jan 2017
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5th Meeting of committee on Allowances consituted to examine the recommendations of 7th Central Pay Commission reagrding allowances
5th Meeting of committee on Allowances consituted to examine the recommendations of 7th Central Pay Commission reagrding allowances
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NFIR assumption DA rise 4% w.e.f. 01-01-2017
NFIR assumption DA rise 4% w.e.f. 01-01-2017
NFIR assumption on DA from Jan 2017
Probable DA rise w.e.f. 01-01-2017 if 277 continues 4.24% (round off to 4%)
NFIR General Secreatry Shri M.Raghavaiah writes to its affiliates regarding the Dearness Allowance formula after 7th CPC and the expectation on next additional dearness allowance from Jan 2017.
All India Consumer Price Index (IW) for the purpose of calculation of Dearness Allowance entitlement – reg.
NFIR
National Federation of Indian Railwaymen
3, Chelmsford Road, New Dlehi – 110055
No.I/5(A)/Part I
Dated: 01-11-2016
The General Secretaries of
Affiliated Unions of NFIR
Brother,
Sub: All India Consumer Price Index (IW) for the purpose of calculation of Dearness Allowance entitlement – reg.
The table placed below shows the year/month wise Consumer Price Index (CPI):-
Year/Month wise CPI
|
Jan
|
Feb
|
March
|
April
|
May
|
June
|
Average
|
July
|
August
|
Sept
|
Oct
|
Nov
|
Dec
|
Average
|
2006
|
119
|
119
|
119
|
120
|
121
|
123
|
124
|
124
|
125
|
127
|
127
|
127
|
122.92
| |
2007
|
127
|
128
|
127
|
128
|
129
|
130
|
126.92
|
132
|
133
|
133
|
134
|
134
|
134
|
130.75
|
2008
|
134
|
135
|
137
|
138
|
139
|
140
|
135.25
|
143
|
145
|
146
|
148
|
148
|
147
|
141.67
|
2009
|
148
|
148
|
148
|
150
|
151
|
153
|
147.92
|
160
|
162
|
163
|
165
|
168
|
169
|
157.08
|
2010
|
172
|
170
|
170
|
170
|
172
|
174
|
167.92
|
178
|
178
|
179
|
181
|
182
|
185
|
175.92
|
2011
|
188
|
185
|
185
|
186
|
187
|
189
|
183.33
|
193
|
194
|
197
|
198
|
199
|
197
|
191.25
|
2012
|
198
|
199
|
201
|
205
|
206
|
208
|
199.58
|
212
|
214
|
215
|
217
|
218
|
219
|
209.33
|
2013
|
221
|
223
|
224
|
226
|
228
|
231
|
220.67
|
235
|
237
|
238
|
241
|
243
|
239
|
232.17
|
2014
|
237
|
238
|
239
|
242
|
244
|
246
|
239.92
|
252
|
253
|
253
|
253
|
253
|
253
|
246.92
|
2015
|
254
|
253
|
254
|
256
|
258
|
261
|
254.42
|
263
|
264
|
266
|
269
|
270
|
269
|
261.42
|
2016
|
269
|
267
|
268
|
271
|
275
|
277
|
269.00
|
280
|
278
|
277
|
Average for last 12 months = 272.50
DEARNESS ALLOWANCE
Dearness Allowance Formula = (Average of AICPIW for last 12 months) – 261.42 x 100 / 261.42
Probable DA rise w.e.f. 01-01-2017 if 277 continues 4.24% (round off to 4%)
However the figures upto and inclusive December 2016 will be known during January 2017.
Yours fraternally,
sd/-
(Dr. M.Raghavaiah)
General Secretary
Source: NFIR
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NFIR Writes to PM on Minimum Wage and Multiplying Factor issues
NFIR Writes to PM on Minimum Wage and Multiplying Factor issues
Government’s assurance on 7th CPC issues mainly relating to Minimum Wage & Multiplying Factor – reg.
NFIR
National Federation of Indian Railwaymen
3, Chelmsford Road, New Dlehi – 110055
No.IV/NJCA(N)/20l4/Part II
Dated: 1-11-2016
Shri Narendra Modiji,
Hon’ble Prime Minister of India,
South Block,
Raisina Hill,
New Delhi-l10011
Respected Sir,
Sub: Government’s assurance on 7th CPC issues mainly relating to Minimum Wage & Multiplying Factor – reg.
I seek you valuable time through this letter and place the following for kind consideration and immediate action.
The Central Government employees in general and Railway employees in particular were extremely upset over the retrograde recommendations of 7th Central Pay Commission, particularly the recommendations relating to Minimum Wage and Multiplying Factor. In the wake of Indefinite Strike decision on Charter of demands of NC/JCM Constituent Organizations (Railways, Defence, Postal Confederation etc)., the Group of Ministers held meetings with JCM (Staff Side) leaders on 30th June 2016 & 06th July 2016 and consequently assurance was given that a High Level Committee will examine 7th CPC issues mainly Minimum Wage and Multiplying Factor. On this assurance, JCM Constituent organizations have deferred Strike action on 06th July, 2016.
Though a Committee was constituted under the chairmanship of Addl. Secretary (Exp), Ministry of Finance and discussions held, the response has been disappointing. The employees of Railways and other Central Government departments are greatly disappointed over non-settlement of main issues through discussions.
May I request your kind attention in the matter for implementation of assurance given by Group of Ministers for the revision of Minimum Wage & Multiplying Factor through discussions with NC/JCM (Staff Side) very early.
With Pranams,
Yours sincerely,
sd/-
(Dr. M.Raghavaiah)
General Secretary
Source: NFIR
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