DA ORDERS RELEASED

HAPPY INDEPENDENCE DAY

GDS LATEST ORDERS

RETIREMENT BENEFITS TO GDS

THE PROPOSAL FOR INTRODUCTION OF ANNUITY SCHEME IN LIUE OF PENSION FOR THE GDS EMPLOYEES HAS BEEN CLEARED BY THE MINISTRY OF FINANCE ON 15-07-2010. THE POSTAL BOARD HAS ALSO APPROVED THE SAME. THE NEXT PROCESS FOR THE IMPLEMENTATION OF THE SCHEME IS TO GET APPROVAL FROM PFRDA. THEREAFTER THE SCHEME WILL BE NOTIFIED. OPTION WILL BE CALLED FOR AMONG THE EXISTING GDS EMPLOYEE WHETHER HE / SHE IS WILLING TO SWITCH OVER TO THE NEW ANNUITY SCHEME OR TO CONTINUE IN THE PRESENT SEVERANCE AMOUNT SCHEME. ACCORDING TO THE SCHEME THE DEPARTMENT WILL CONTRIBUTE RS.200/- PER MONTH FOR EACH GDS AND ACCUMULATION WILL BE ANNUITISED AND BENEFITS PAID TO GDS.

SYMBOL FOR INDIAN RUPEE

The Indian rupee will soon have a unique symbol -- a blend of the Devanagri 'Ra' and Roman 'R' -- joining elite currencies like the US dollar, euro, British pound and Japanese yen in having a distinct identity.

The new symbol, designed by Bombay IIT post-graduate D Udaya Kumar, was approved by the cabinet today -- reflecting that the Indian currency, backed by an over-trillion dollar economy, was finally making its presence felt on the international scene.

Though the symbol will not be printed or embossed on currency notes or coins, it would be included in the 'Unicode Standard' and major scripts of the world to ensure that it is easily displayed and printed in the electronic and print media.

Among currencies with distinctive identities, only the pound sterling has its symbol printed on the notes.Unicode is an international standard that allows text data to be interchanged globally without conflict. After incorporation in the global and Indian codes, the symbol would be used by all individuals and entities within and outside the country.

NEW PENSION SCHEME

GRAMIN DAK SEVAKS GROUP INSURANSE SCHEME 2010

LATEST INFORMATION ON YOUR MOBILE

IF YOU WANT TO KNOW LATEST INFORMATION OR MACP PAY FIXATION, ARREARS, PL SMS/SEND YOUR MOBILE NUMBER, NAME, DESIGNATION, DIVISION TO 09849636361 OR 08019549939

NEW PENSION SCHEME GIVES MORE RETURNS

NEW PENSION SCHEMES GIVES 12% AVERAGE RETURNS LAST YEAR (FIRST YEAR OF ITS OPERATION) FOR PUBLIC AND 14.82% AVERAGE RETURNS FOR CENTRAL GOVT. EMPLOYEES

The New Pension Scheme (NPS) for all citizens of India introduced in May 2009, has generated an average return of 12% in the first year of its operation, outperforming most other long-term savings scheme such as the Employees' Provident fund and term deposits. the year-old scheme for all citizens of India has a corpus fund of just Rs 10 crore with 6000 subscribers as compared with the Employees provident Fund (EPF) wich has over 4.5 crore subscribers with a corpus fund of over 262000 crore as on March 209. NPS corpus is managed by six different fund managers. The equity investments of the scheme has generated a 26% return. the new Pension scheme corpus is eqally divided amongst the six fund managers including SBI Pension Funds, UTI Retirement Solutions, IDFC Pension funds, ICICI Prudential Pension Funds, Kotak Mahindra Pension Funds and Reliance Capital Pension Fund.

Central Govt Employees who joined as a part of the contributory New Pension Scheme (NPS) have earned a weighted average returns of 14.82 % during 208-09, the first year when three fund managers managed a corpus of around Rs. 2000 crore

- Akula . Praveen Kumar

LATEST INFORMATION ON YOUR MOBILE

IF YOU WANT TO KNOW LATEST INFORMATION, PL SMS/SEND YOUR MOBILE NUMBER, NAME, DESIGNATION TO 09849636361 or 08019549939