Impact of raising retirement age from age 60 to 62

Impact of raising retirement age from age 60 to 62

It has been seen that one of the long time waging demand of raising the retirement age of govt employees has finally caught afire Through the Medias and blogging sites re abound with news that the cabinet would announce news regarding the retirement age yet it has not been finalizes Even then it has been come to known that a favorable decision would be put forth regarding this issue due to the oncoming lok sabha elections. In India the retirement ages of most of the state government employees range from 58 to 60. This is low in comparison to the government employees of foreign nation. We shall see the effect of raising the retirement age in the following passage

Advantage

1. If only 7th pay commission would be implemented in the year 2016 those retiring in the year span 2014 -2016 would be greatly benefitted.

2. Economically the employees would be in better position due to this rise of the age of superannuation

3. The pension amount and the other beneficiaries would also increase along side

4. There this chance of imparting fruitful experience to the subordinates or new recruit by those benefitted by rise in retirement age

5. More over there is chance of getting an additional MACP by the central govt employees

6. A good health psychological effect would prevail in their minds due to this boon of rising their retirement age and thus removing their fatigue

Disadvantage

1. Promotion would be greatly affected due to no retirement in the long span

2. Unemployment would come in to being due to the increase in retirement age

3. Output of work would be greatly affected if the retirement age of unhealthy employees would be increased.

This announcement would not be received in praise among those searching for employment in general
Moreover among the retirement employees this decision is receiving a mixed response as some welcome while others detest it

Direct Recruitment of Postal/Sorting Assistant Exam 2013-2014 - Circle wise and Division wise Vacancy List

Direct Recruitment of Postal/Sorting Assistant Exam 2013-2014 - Circle wise and Division wise Vacancy List

POSTAL CIRCLES WISE VACANCIES

( Click on the Circle Name to View the Division wise vacancies )

Code	Postal Circle	Code	Postal Circle	Code	Postal Circle	Code	Postal Circle
11	ANDHRA PRADESH	17	HARYANA	23	MADHYA PRADESH	29	TAMIL NADU
12	ASSAM	18	HIMACHAL PRADESH	24	MAHARASHTRA	30	UTTAR PRADESH
13	BIHAR	19	JAMMU & KASHMIR	25	NORTH-EAST	31	UTTARAKHAND
14	CHHATTISGARH	20	JHARKHAND	26	ODISHA	32	WEST BENGAL
15	DELHI	21	KARNATAKA	27	PUNJAB
16	GUJARAT	22	KERALA	28	RAJASTHAN

Circle Code	Circle	PAPO No of Vacancies	PASBCO No of Vacancies	PACO/RO No of Vacancies	PARLO No of Vacancies	PAMMS No of Vacancies	PAFPO No of Vacancies	SARMS No of Vacancies
11	ANDHRA PRADESH	364	28	45	0	1	0	103
12	ASSAM	73	16	18	0	3	0	16
13	BIHAR	153	11	11	0	2	0	34
14	CHATTISGARH	86	3	10	0	0	0	23
15	DELHI	102	10	40	0	2	6	74
16	GUJRAT	386	34	15	0	2	0	127
17	HARYANA	110	11	19	0	0	0	41
18	HIMACHAL PRADESH	56	6	7	0	0	0	20
19	JAMMU & KASHMIR	108	5	8	0	0	0	10
20	JHARKHAND	109	9	9	0	0	0	35
21	KARNATAKA	381	52	35	3	0	0	63
22	KERALA	233	3	40	11	1	0	97
23	MADHYA PRADESH	159	15	57	0	0	0	38
24	MAHARASTRA	790	70	38	2	16	12	170
25	NORTH EAST	83	5	11	1	0	0	0
26	ODISHA	268	15	30	0	0	0	138
27	PUNJAB	172	12	8	3	0	0	21
28	RAJASTHAN	222	10	15	0	0	0	57
29	TAMIL NADU	641	74	52	4	6	9	237
30	UTTAR PRADESH	394	44	50	0	1	0	179
31	UTTARAKHAND	70	11	12	0	0	0	43
32	WEST BENGAL	486	46	42	3	1	5	115

Tentative Schedule
Commencement of Online Application	:	26-02-2014 (00:00:00 hrs)
Last date of receiving Online Application	:	27-03-2014 (23:59:59 hrs)

New banking licences: Jalan panel submits report to RBI

New banking licences: Jalan panel submits report to RBI

NEW DELHI: The committee on new bank licences submitted its recommendations to the Reserve Bank of India (RBI) on Tuesday after scrutinizing the applications. 

The four-member committee headed by former RBI governor Jalan submitted its report after meeting for the last time. The panel had first met last November 1. 

There are 25 applicants. State-run non-banking financial companies (NBFCs) like LIC Housing Finance and IDFC, Anil Ambani promoted Reliance Capital and Bajaj Finance are some of the prominent firms in the race. 

RBI had constituted the Jalan committee to examine the criteria, business plans, corporate governance practices of applicants. 

Muthoot Finance, Religare Enterprises, L&T Finance Holdings and India Bulls Housing Finance Ltd. are among the other companies who have applied for licences. 

Tata Sons, the holding company of the Tata group, withdrew its application in November last year. 

Mahindra & Mahindra Financial Services decided aginst applying for a banking licence, while Value Industries, a unit of Videocon Industries, withdrew its application. 

Source:-The Times of India