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To encourage learning about the Reserve Bank of India (RBI) among the youth of the country, the RBI conducts a major awareness and sensitization exercise on the role of the Reserve Bank and the banking system across the country. This exercise, ‘RBI Young Scholars Award Scheme’ exposes youngsters to an actual banking and financial environment and inculcates a sense of pride in the selected ones of having had the opportunity to associate themselves with a prestigious organisation, the central bank of the country. RESERVE BANK OF INDIA RBI YOUNG SCHOLARS AWARD SCHEME  The Reserve Bank of India (RBI) has launched the RBI Young Scholars Award Scheme to generate interest in and awareness about the Indian banking sector and RBI. Under the Scheme, the RBI will select a maximum of 150 young scholars through a countrywide competitive examination and award scholarship. Selection test will focus on the role and functions of RBI and banks in India and will be held in English as well as in all m...

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Revision of interest rates and various changes in SB rulings with effect from 01/12/2011, vide SB Orders No. 22-29/2011 dated 24.11.2011 Click here to read instructions and download Patch Patch can be executed only after day-end of 30/11/2011 Source: http://www.tamilnadupost.nic.in/sdc/sblan.htm Revision of Interest Rates and Various Changes in SB Rulings (w.e.f. 01/12/2011) IMPORTANT INFORMATION The patch can be executed only  after day-end of 30/11/2011 It can be executed on the server or on any one of the client systems running a 32 bit Operating system in which DBAnalyzer is installed The patch does not require SQL ‘SA’ password for execution and hence can be run by any official working on systems or by the supervisor Supervisor has to ensure the execution of the patch   before commencing counter operations on 01/12/2011 . The patch   does NOT   incorporate the following points, and hence and in cases where it becomes applicable the changed rule has to be implem...

In accordance with the decisions taken by the Government on the basis of the recommendations of the Committee for Comprehensive Review of National Small Savings Fund (NSSF), headed by Smt Shyamala Gopinath, the then Deputy Governor, Reserve Bank of India, Notifications on changes made in various small saving schemes except 10-Year National Savings Certificate, have already been issued on 25 th  November 2011.            The Notification for launch of new savings instrument, namely 10-Year National Savings Certificate (IX-Issue), 2011, has been issued today, the 29 th  November, 2011.                  The major highlights of this scheme are as follows: ·         Investments in Certificate will earn Interest at the rate of 8.7% p.a. compounded semi-annually. ·         On invest...

No AN-XIV/14162/6th CPC/Corr./Vol-XII Dated: 24.11.2011 To, All PCsDA/CsDA Subject:  Enhancement of rate of various allowance by 25% to  CentralGovernment employees , when  DA  goes up by 50%. A number of references have/are been/being received in this HQrs office regarding enhancement of the rate of various allowances by 25% consequent upon increasing rate of DA beyond 50%. The case has been examined in this HQrs office with reference to the recommendation of 6th CPC which has been accepted by the Govt. and it has been decided that the rate of following allowances will automatically be increased by 25% with effect from the date on which the Dearness allowance went up by 50% i.e. 01/01/2011.   S.No. Allowances No. & date. 1. Special Compensatory (Remote Locality) Allowance No. 3(1)/2008-E.II(B)29.8.2008 2. Special Compensatory Hill Area Allowance No. 4(2)/2008-E.II(B) 29.8.2008 3. Bad Climate Allowance No. 5(1)/2008-E.II(B) 29....

The Madurai bench of the Madras high court has come to the rescue of a destitute girl who has sought employment on compassionate grounds with the state transport corporation. One S Mareeswari's father was working as conductor in the Tamil Nadu State Transport Corporation, Virudhunagar region, and after serving as permanent conductor for about 20 years, he died on 1995 due to an illness, leaving behind her, her mother and sister with 80% disability. Unfortunately, her mother also passed away the next year.   When her father died, Mareeswari was aged seven and studying in school. Under these circumstances, she and her sister were left in the lurch.   On seeing their plight, a friend of their family voluntarily came forward to take care of them.   As she was a minor then, she applied for compassionate appointment only in 2008. The transport corporation insisted that she produce proof such as community certificate and ration card in support of her candidature. But in view of ...

The following steps have been taken by the Employees’ Provident Fund Organisation  to recover the outstanding amount: 1.    Attachment and sale of movable and immovable properties of the defaulting establishments. 2.    Appointment of receiver to run the business of the defaulting establishments. 3.    Arrest and detention of defaulter. 4.    Prosecution of defaulters before courts of law. 5.    Levying damages as penalty. 6.    Directing persons from whom any amount is due to the defaulter to pay the same amount against Provident Fund arrear instead of paying to the defaulter. The details are given at  Annexure .  There is no provision of confiscating the property of defaulters under the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952. However, 84 arrests were made and 2,842 convictions were ordered by various courts during the last ...

Special Package for North-Eastern Region    The Ministry of Tourism, as a part of its promotional activities releases print, electronic, online and outdoor media campaigns to promote various tourism destinations and products of the country including the North East Region. Besides, North East specific media campaigns are launched to promote the entire North East Region. The Ministry of Tourism provides complimentary space to the North Eastern States in India pavilions set up at major international travel fairs & exhibitions. Further, In relaxation of CCS (LTC) Rules 1988, the Government has decided to permit Government servants to travel by air to North Eastern Region on LTC as follows:-  (i) Group A and Group B Central Government employees will be entitled to travel by Air from their place of posting or nearest airport to a city in the NER or nearest airport.   (ii) Other categories of employees will be entitled to travel by air to a city in the NER from Guwahati...

Raising the Retirement age of Central Government employees Union Minister of Labour and Employment Shri.Mallikarjun Kharge has given the answers to key questions raised by Shri.P.Viswanathan in the Lok Sabha regarding the raising of retirement age for Central Government employees. Questions  : (a)  Whether the Government proposes to raise retirement age and retirement pension in private sector in the country ; (b)  if so, the details thereof ; (c)  whether the Government has issued any directions to implement the above recommendations ; (d)  if so, the details thereof  ; and (e)  the time by which the above proposals are likely to be implemented ?   Answers  : (a) & (b):  There is no such proposal at present. (c) to (e): Do not arise in view of the reply given above. 

In the revised PA recruitment rules, the confirmation examination has been removed. There is no confirmation examination hereafter. All will be confirmed by DPC committee as per 6 (i) (12) of the said rules.

No. 02-17/ 96-BD & MD Government of India Ministry of Communications & IT Department of Posts Business Devolepment & Marketing Directorate 5th Floor, Dak Bhavan, New Delhi - 110001 17th November, 2011 OFFICE MEMORANDUM Subject: Outsourcing collection of Speed Post and Other Premium Service - Clarification regarding. 1. A reference has been received in Business Devolepment & Marketing Directorate from PMG, Gorakhpur Region, Gorakhpur, related tp the practice of claiming commission on Speed Post articles collected from authorised license holders of franking machines by the Speed Post Outsourcing Agents under "Outsourcing Collection of Speed Post and Other Premium Services Scheme". A clarification is sought for whether such commission is admissible or not. 2. The issue has been examined in consultation with PO Division of the Directorate. The instructions on the subject applicable in this regard are as under: -  (a) The "Outsourcing Collection of Speed Post ...

As announced by Hon'ble Minister of Railways while presenting Railway Budget 2009-10 in the parliament on 03-07-2009, it has been decided to reduce Tatkal Charges as given below. The Tatkal Charges have been fixed as a percentage of fare at the rate of 10% of basic fare for second class and 30% of basic fare for all other classes subject to minimum and maximum as given in the table below. Class of Travel Minimum Tatkal Charges (in Rs.) Maximum Tatkal Charges   (in Rs.) Second (sitting) 10.00 15.00 Sleeper 75.00 150.00 AC Chair Car 75.00 150.00 AC 3 Tier 200.00 300.00 AC 2 Tier 200.00 300.00 Executive 200.00 300.00 The above charges will be levied uniformly both in peak period & non-peak periods. Tatkal tickets will be issued for actual distance of travel, instead of end-to-end, subject to the distance restriction applicable to the train. The same Tatkal berth/seat may be booked in multiple legs till preparation of charts. At the time of preparatio...