No Limit for Cash Withdrawal from ATMs from 1st February – RBI Circular

No Limit for Cash Withdrawal from ATMs from 1st February – RBI Circular

Limits on Cash withdrawals from Bank Accounts and ATMs – Restoration of status quo ante

RESERVE BANK OF INDIA

www.rbi.org.in

RBI/2016-17/217

DCM (Plg) No. 2905/10.27.00/2016-17

January 30, 2017

The Chairman / Managing Director / Chief Executive Officer,

Public Sector Banks / Private Sector Banks / Foreign Banks,

Regional Rural Banks / Urban Co-operative Banks,

State Co-operative Banks / District Central Co-operative Banks

Dear Sir/Madam,

Limits on Cash withdrawals from Bank accounts and ATMs – Restoration of status quo ante

Please refer to our circular DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 placing limits on Cash withdrawals from bank accounts and ATMs in the wake of withdrawal of Legal Tender Character of Specified Bank Notes (SBN) and subsequent circulars DCM (Plg) Nos.1256, 1274, 1317, 1437, 2142 and 2559 dated November 11, 14, 21, 28, December 30, 2016 and January 16, 2017 respectively, providing for relief and relaxations therefrom.

2. On a review of the pace of remonitisation, it has been decided to partially restore status quo ante as under:

Limits placed vide the circulars cited above on cash withdrawals from Current accounts/ Cash credit accounts/ Overdraft accounts stand withdrawn with immediate effect.

The limits on Savings Bank accounts will continue for the present and are under consideration for withdrawal in the near future.

Limits vide the circulars cited above placed on cash withdrawals from ATMs stand withdrawn from February 01, 2017. However, banks may, at their discretion, have their own operating limits as was the case before November 8, 2016, subject to 2 (ii) above.

3. Further, banks are urged to encourage their constituents to sustain the movement towards digitisation of payments and switching over of payments from cash mode to non-cash mode.

4. Please acknowledge receipt.

Yours faithfully,

(P Vijaya Kumar)

Chief General Manager

Source: www.rbi.org.in

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7th Pay Commission Pay Revision for Autonomous Bodies – Finmin Orders 2017

7th Pay Commission Pay Revision for Autonomous Bodies – Finmin Orders 2017

F.No.1/1/2016-E.III(A)

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, 13th January, 2017

Office Memorandum

Subject: Pay revision of employees of Quasi-Government Organizations, Autonomous Organizations, Statutory Bodies etc. set up by and funded/controlled by the Central Government – Guidelines

The employees working in the Quasi-government Organizations, Autonomous Organizations, Statutory Bodies etc. set up and funded/controlled by the Central Government, are not Central Government employees and, therefore, the benefits implemented by Central Government in respect of Central Government employees as part of their service conditions, are not directly applicable to the employees working in such autonomous organizations. The application of such benefits as given to Central Government employees in respect of employees of such autonomous organizations as well as the manner and conditions governing such application, including sharing of the additional financial implications arising thereon, requires specific approval of the Central Government. The autonomous organizations are expected to manage their affairs in such a fashion that their dependence on Central Government for financial support to meet the extra financial implications is minimal, as such autonomous organizations are expected to be financially Self-sufficient So as not to cause any extra burden on the Central Exchequer.

2. In the above background, the question of extension of the revised pay scales in terms of the CCS (RP) Rules, 2016 as notified on 25.7.2016 in respect of Central Government employees based on the recommendations of the 7th Central Pay Commission, to the employees of the Quasi-government Organizations, Autonomous Organizations, Statutory Bodies, etc., Set up and funded/controlled by the Central Government, where pattern of emolument structure, i.e. pay scales and allowances, in particular Dearness Allowance, House Rent Allowance and Transport Allowance, are identical to those in case of the Central Government employees, has been considered by the Government and it has been decided that the revised pay scales as per the Pay Matrix, as contained in Part-A of the Schedule of the CCS(RP) Rules, 2016 as well as the principle of pay fixation as contained in the said rules, may be extended to the employees of such organizations, subject to the following stipulations:-

(i) The conditions of service of employees of these organizations, especially those relating to hours of work, payment of OTA etc. are exactly Similar to those in Case of the Central Government employees.

(ii) The revised pay structure shall be admissible to those employees who opt for the same in accordance with the extant Rules.

(iii) Deductions on account of Provident Fund, Contributory Provident Fund or National Pension System, as may be applicable, will have to be made on the basis of the revised pay w.e.f. the date an employee opts to elect the revised pay structure.

3. The revised pay scales contained in Parts B & part C of the Schedule of the CCS(RP) Rules, 2016, shall not be automatically applicable to the employees Of Autonomous Organizations. The concerned Administrative Ministry shall consider such cases keeping in view whether these pay scales are justified for the category of staff of Autonomous Organizations based on functional considerations, recruitment qualifications, as well as the applicable pre-revised pay scales. Based on such an examination by the concerned Administrative Ministry, appropriate proposals, if justified, would be submitted to the Ministry of Finance, Department of Expenditure, through their Integrated Finance.

4. In case of those categories of employees whose pattern of emoluments structure, i.e., pay scales and allowances and conditions of service are not similar to those of the Central Government employees, a separate ‘Group of Officers’ in respect of each of the Autonomous Bodies may be constituted in the respective Ministry/Department. The Financial Adviser of the respective Ministry/Department will represent the Ministry of Finance on this Group. The Group would examine the proposals for revision of pay scales etc. taking into account the views, if any, expressed by the Staff representatives of the concerned organizations. It would be necessary to ensure that the final package of benefits proposed to be extended to the employees of these Autonomous Organizations etc. is not more beneficial than that admissible to the corresponding categories of the Central Government employees. The final package recommended by the ‘Group of Officers’ will require the concurrence of the Ministry of Finance.

5. In regard to the additional financial impact arising out of the implementation of the revised pay Scales, as provided above, the following parameters shall be kept in view:-

(i) In respect of those Autonomous Organizations, which have not been depending upon the Government Grants for their operations or for meeting the cost of salary, including those autonomous organisations which are in a position to meet the additional financial impact from their Own internal resources, the additional financial impact shall be met by the concerned autonomous organizations without any financial support whatsoever from the Government, No financial Support shall be given by the Central Government in Such cases.

(ii) In respect of the other Autonomous Organizations. which are not in a position to meet the additional financial impact, either fully or partly, on account Of the implementation of the revised pay scales, the concerned autonomous organization will take up the proposals with the Advisers of the respective Administrative Financial Ministry/Department, bringing out the extent to which the additional cost could be met internally, the shortfall to be made up and the reasons for the shortfall. While giving concurrence to the implementation of the revised pay scales, the Financial Advisers shall ensure that the extent of Government support is kept at the minimum, and in no case the Government support shall be more than 70% (seventy percent) of the additional financial impact.

(iii) In respect of Autonomous organisations set up under a specific Act of Parliament, not generating adequate internal resources to meet the additional financial impact, the extent of Government support may be more than 70% of the additional impact, provided in the opinion of the concerned Financial Adviser the nature of functions and the fund position of the organisations so warrant.

(iv) The mode of payment of arrears, as laid down in Rule 14 of the CCS(RP) Rules, 2016 shall be followed, subject to the overall financial impact and the capacity of the concerned autonomous organization to absorb the cost without putting any avoidable burden on the Governments finances, provided the conditions mentioned above are met.

6. The Central Government has not taken any decision so far in regard to various allowances based on the 7th Central Pay Commission in respect of Central Government employees and, therefore, until further orders the existing allowances in the autonomous organizations shall continue to be admissible as per the existing terms and conditions, irrespective of the revised pay Scales having been adopted.

Sd/-

(Amar Shth Singh)

Director

Source:http://finmin.nic.in/7cpc/7th%20CPC_regarding%20AB_Guidelines13012017.pdf

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ONE DAY STRIKE on February 15th to MARCH 16th 2017 THURSDAY.

ONE DAY STRIKE on February 15th to  MARCH 16th 2017 THURSDAY.

Dated : 05th January,2017

To

(1) All National Secretariat Members

(2) Chief Executives of all Affiliated Organisations

(3)General Secretaries of all C-O-Cs

Dear Comrades,

As Assembly elections to five States are scheduled to be held from February 4th to March 11th (including declaration of results) and as February 15th is also poll date in two states , the National Secretariat of Confederation of Central Government Employees & Workers has decided to postpone the proposed ONE DAY STRIKE on February 15th to MARCH 16th 2017 THURSDAY.

As 13th March is holiday for Holi in North India and the celebrations are to continue on 14th also, the strike date is fixed as 16th March. There is no change in the 10th January Mass Dharna Programme.

All those Organisations who had served the strike notice as February 15th shall give a letter to their Head of the Departments intimating the postponement of the strike to 2017 March 16th , showing reasons as mentioned above , WITHOUT FAIL.

Those organisations who have not yet served the Strike Notice should serve the notice before 15th January 2017 WITHOUT FAIL.

Regarding already announced campaign programme of National Secretariat members , if necessary , dates may be rescheduled by the National Secretariat members in consultation with the concerned C-O-Cs.

General Secretaries of C-O-Cs are also requested to contact IMMEDIATELY, the concerned National Secretariat members and finalise the date of campaign programme. Intensive campaign should be conducted by all C-O-Cs and Affiliated Organisations in all States, especially in those states where elections are declared, so that employees and general public will become aware of the totally negative attitude of the Central Government towards the legitimate demands of the Central Government Employees and Pensioners.

The betrayal of the Group of Cabinet Ministers of NDA Govt by not fulfilling their assurance given to NJCA leaders on 30th June 2016, should be exposed.

M.Krishnan,

Secretary General ,

Confederation of Central Government Employees & Workers.

Mob & Whats App: 09447068125.

Email : mkrishnan6854@gmail.com

Source:http://confederationhq.blogspot.in/2017/01/mostimportant.html

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Overtime Allowance (OTA) as per Revised Pay to the Employees of Defence Industrial Establishments – BPMS

Ref:BPMS/MOD/OTA/43A(7/2/R)

Dated: 03.01.2017

To,

The Deputy Secretary (CP),

Govt of India, Min of Defence,

‘B’ Wing, Sena Bhawan,

New Delhi – 110011

Subject: Payment of Overtime Allowance (OTA) as per revised pay to the employees of Defence Industrial Establishments under Factories Act, 1948 consequent to implementation of the 7th CPC recommendations.

Respected Sir,

With due regards, your attention is invited to the Anomalies Committee meeting held on 26.12.2016 under the Chairmanship of AS(J) Shri J Rama Krishna Rao wherein we have reflected our concern over the delay in the revision of statutory nature allowance (Over Time Allowance under the Factories Act, 1948) in defence establishments.

In turn, the AS(J) pleased and instructed to resolve the matter of the payment of Over Time Allowance as per revised pay consequent to implementation of 7th CPC recommendations.

Meanwhile, OFB has already submitted its views on the subject matter which is contrary to the statutory provisions and the copy of the OFB’s letter is enclosed for your perusal.

Therefore, you are requested to take necessary action so that the issue of the payment of overtime allowance in defence establishments on the revised pay of 07th CPC may be resolved without further delay.

Thanking you.

Sincerely yours

Sd/-

(MUKESH SINGH)

Secretary/BPMS &

Member, JCM-II Level Council (MOD)

Source:http://bpms.org.in/documents/ota-03012017-9139.pdf

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Amendment in Recruitment Rules for Revising the Upper Age Limit – DoPT Orders Issued on 28.12.2016

Amendment in Recruitment Rules for Revising the Upper Age Limit – DoPT Orders Issued on 28.12.2016

No.AB-14017/48/2010-Estt.(RR)

Government of India

Ministry of Personnel P.G & pensions

Department of Personnel and Training

North Block, New Delhi

Dated: 28th, Dec 2016

OFFICE MEMORANDUM

Sub: Amendment in RRs for revising the upper age limit as 30 years for the recruitment made under Combined Graduate Level Examination conducted by SSC for the post carrying Grade Pay of Rs. 4200, 4600 & 4800/-.

The undersigned is directed to refer to this Department’s O.M. of even number dated 31st May, 2016 issued in pursuance of meeting in DoPT on the issue cited in subject above. All the participant Ministries/Departments were requested to send a proposal for amendment of the Recruitment Rules for the posts having Grade Pay of Rs. 4200/-, 4600/- and 4800/- which are part of CGLE so as to revise the upper age limit as 30 years, in consonance with the guidelines on framing/amendment of Recruitment Rules dated 31.12.2010.

2. Further, DoPT vide OM dated 14.09.2016 requested all participating Ministries / Departments to convey the status for amendment of the RRs of the posts carrying Grade Pay Rs. 4200, 4600 & 4800/- and to furnish a copy of the notification of the Recruitment Rules.

3. A statement containing the details of the posts for which recruitment rules are required to be amended is enclosed. The cadre controlling authorities of respective Ministries/Departments are requested to inform this Department about the current status of amendment. A copy of the notification issued for amendment in RRs may be sent to this Department latest by 10.01.2017.

Sd/-

(G. Jayanthi)

Director (E-I)

Details of the posts for which RRs are to be amended

Source:http://document.ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/AB-14017_48_2010-Estt.RR-28122016.pdf

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AICPIN for the Month of November 2016 – Expected DA from January 2017

AICPIN for the Month of November 2016 – Expected DA from January 2017

No. 5/1/2016- CPI

GOVERNMENT OF INDIA

MINISTRY OF LABOUR & EMPLOYMENT

LABOUR BUREAU

`CLEREMONT, SHIMLA-171004

DATED: 30th December, 2016

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) — November, 2016

The All-India CPI-IW for November, 2016 decreased by 1 point and stood at 277 (two hundred and seventy seven). On 1-month percentage change, it decreased by (-) 0.36 per cent between October and November, 2016 when compared with the increase of (+) 0.37 per cent between the same two months a year ago.

The maximum downward pressure to the change in current index came from Food group contributing (-) 1.33 percentage points to the total change. At item level, Rice, Arhar Dal, Moong Dal, Urd Dal, Groundnut Oil, Chillies Green, Banana, Brinjal, Cabbage, Cauliflower, French Beans, Gourd, Green Coriander Leaves, Lady’s Finger, Methi, Palak, Potato, Radish, Tomato, etc. are responsible for the decrease in index. However, this decrease was checked by Wheat, Wheat Atta, Gram Dal, Goat Meat, Tea (Readymade), Cooking Gas, Electricity Charges, Petrol, Toilet Soap, etc., putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 2.59 per cent for November, 2016 as compared to 3.35 per cent for the previous month and 6.72 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 1.66 per cent against 2.99 per cent of the previous month and 7.86 per cent during the corresponding month of the previous year.

At centre level, Salem reported the maximum decrease of 10 points followed by Bokaro (9 points), Raniganj and Kolkata (6 points each) and Ahmedabad (5 points). Among others, 4 points decrease was observed in 2 centres, 3 points in 8 centres, 2 points in 8 centres and 1 point in 15 centres. On the contrary, Jaipur recorded a maximum increase of 6 points followed by Rourkela and Srinagar (3 points each). Among others, 2 points increase was observed in 5 centres and 1 point in 7 centres. Rest of the 25 centres’ indices remained stationary.

The indices of 35 centres are above All-India Index and other 40 centres’ indices are below national average. The index of Jabalpur, Vishakhapathnam and Ludhiana centres remained at par with All-India Index.

The next issue of CPI-IW for the month of December, 2016 will be released on Tuesday, 31st January, 2017. The same will also be available on the office website www.labourbureaunew.gov.in.

Sd/-

(SHYAM SINGH NEGI)

DEPUTY DIRECTOR GENERAL

Source:http://www.labourbureaunew.gov.in/

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