Friday, March 30, 2012
Monday, March 26, 2012
Rate of Interest w.e.f. 1.12.2011
Rate of Interest w.e.f. 1.4.2012
01 year Time Deposit
2 year Time Deposit
3 year Time Deposit
5 year Time Deposit
5 year Recurring Deposit
5 year SCSS
5 year MIS
5 year NSC
10 year NSC
Necessary notifications, including those requiring amendments to rules of small savings schemes will be notified separately.
NEW DELHI, MAR 23: Come April 1 and cheques and bank drafts will be valid only for 3 months, a development that RBI thinks will help mitigate frauds related to such instruments.
The Reserve Bank of India (RBI) has directed that with effect from April 1, 2012, banks should not make payments against cheques, drafts, pay orders or banker’s cheques if they are presented after the period of three months from date of issue.
It has been brought to its notice by the government that some persons were taking undue advantage of the six month validity of cheques, drafts, pay orders, banker’s cheques by circulating them like cash for this period, RBI had said in a notification earlier.According to a senior banker, the three-month validity period is a good enough time period for instrument conciliation.“RBI is satisfied that in public interest and in the interest of the banking policy, it is necessary to reduce the period within which cheques/drafts/pay orders/banker’s cheques are presented for payment from six months to three months from the date of such instrument,” it had said.Source : www.thehindubusinessline.com/ dtd 23/03/2012
Retirement age 60 yrs
All central Government employees
In all Union Territories
Retirement Age 58 Years
Retirement age 56 Years
Courtesy : www.imyideas.com
Saturday, March 24, 2012
THE CENTRAL GOVERNMENT ON FRIDAY APPROVED A SEVEN PER CENT HIKE IN DEARNESS ALLOWANCE TO CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS, THIS HIKE IS TO BE EFFECTIVE RETROSPECTIVELY FROM 1st JAN 2012.
THE DEARNESS ALLOWANCE AND DEARNESS RELIEF FOR CENTRAL GOVERNMENT SERVING EMPLOYEES AND PENSIONERS WILL INCREASE FROM 58% PER CENT OF BASIC EMOLUMENTS TO 65% PER CENT WITH EFFECT FROM 1.1.2012
Wednesday, March 21, 2012
INTEREST RATES ON GENERAL PROVIDENT FUND (GPF) HAS BEEN REVISED TO 8.6% (EIGHT POINT SIX PERCENT) WITH EFFECT FROM 1.12.2011
Resolution - accumulations at the credit of subscribers to the GPF and other similar funds - 2011-2012(89 KB) (Dated 19th March, 2012) (PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
Government of India
Ministry of Finance
(Department of Economic Affairs) New Delhi, the 19th March, 2012 RESOLUTION
It is announced for general information that during the year 2011-2012, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six percent) with effect from 1.12.2011.The funds concerned are:—
1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.
2. Ordered that the Resolution be published in Gazette of India.
Deputy Secretary (Budget)
Monday, March 19, 2012
Friday, March 9, 2012
When I was born..!!
A Great Woman was there To hold me.. My Mother..!!
When I grew as a child..!!
A Woman was there to Care for Me & play with me.. My Sister.. !!
When I went to School..!!
A Woman was there To help me learn.. My Teacher.. !!
MWhen I became depressed & whenever I lost..!!
A Woman was there to offer a shoulder..My Friend.. !!
When I needed company, compatability & love..!!
A great woman was there for Me.. My Wife.. !!
When I became tough..!!
A Woman was there To melt me.. My Daughter.. !!
And.. When I Die..
A Woman is there to absorb me In My Motherland.. !!
If you are a Man Value Every Woman.. !!
If you are a Woman.. Be proud to be the One.. ! :) ♥
♥♥♥Dedicated to all women who made this world so beautiful♥♥♥
♥♥♥Without U… there is no meaning to this world♥♥♥