Thursday, 21 February 2019

EPF recommends crediting of 8.65% rate of interest on Accumulations in the EPF Member's Account for the year 2018-19

Ministry of Labour & Employment
Central Board of Trustees, EPF recommends crediting of 8.65% rate of interest on Accumulations in the EPF Member's Account for the year 2018-19
EPFO
21 FEB 2019

The 224th meeting of the Central Board of Trustees, EPF was held here today under the chairmanship of Union Minister of State for Labour and Employment (I/C) Shri Santosh Kumar Gangwar.  The Central Board recommended crediting of 8.65 % rate of interest on the EPF accumulations in the EPF member’s account for the year 2018-19.

The Central Board ratified the amendment in EPF Scheme 1952, as approved in the 141st   meeting of Financial Investment and Audit Committee (FIAC) held on February 12, 2019, to enable accounting of Investment in Exchange Traded Funds (ETFs) (Equity & Related Investment).

The Central Board ratified the approval of Chairman, CBT, EPF for continuation of C-DAC as a consultant to carry out the second phase of Computerisation Project. The Board gave extension to M/s Standard Chartered Bank as custodian of the EPFO securities on the existing terms and conditions of agreement for the period upto March 31, 2019.

The Central Board approved revised estimate for the year 2018-19 and budget estimates for the year 2019-20 and recommended it to the Central Government for approval. The Board gave consent to have performance review of the Portfolio Managers from a separate agency in addition to review by M/s CRISIL Limited.

The Central Board took note of the proposal for recommendation for grant of exemption to six establishments under Section 17(2) of the EPF&MP Act, 1952 read with Para 27A of the EPF Scheme, 1952 by the Appropriate Government . The Board took note of the proposal for recommendation for grant of exemption under Section 17(2) of the EPF & MP Act 1952 read with Para 27A of the EPF Scheme,1952 to M/s Software Technology Parks of India with effect from June 05, 1994 by the Appropriate Government.

PIB

MHA approves entitlement of air travel to all personnel of CAPFs

Ministry of Home Affairs
MHA approves entitlement of air travel to all personnel of CAPFs
21 FEB 2019
In a significant decision, the Ministry of Home Affairs has approved the entitlement of air travel on Delhi-Srinagar, Srinagar-Delhi, Jammu-Srinagar and Srinagar-Jammu sectors to all the personnel of Central Armed Paramilitary Forces. The decision will immediately benefit approximately 7,80,000 personnel of the CAPFs in the ranks of Constable, Head Constable and ASI who were otherwise not eligible earlier. This includes journey on duty and journey on leave, i.e; while going on leave from Jammu and Kashmir to home and return.

This facility is in addition to the existing air courier services for CAPFs that have been steadily extended in all sectors by the MHA to help the jawans cut down on travel time during their journey to and fro from home on leave.

In Jammu and Kashmir Sector, it may be recalled that Air Courier Service for CAPF jawans was approved for the Jammu-Srinagar-Jammu sector.

Subsequently, the Service was extended to cover 1) Delhi-Jammu, 2) Jammu-Srinagar, 3) Srinagar-Jammu and 4) Jammu-Delhi sector in Dec 2017. The number of flights were further extended in Dec 2018.

In addition, air support is provided from IAF as and when required.

PIB

PIB: President promulgates four Ordinances


Ministry Of Law & Justice
President promulgates four Ordinances
Posted On: 21 FEB 2019
The President of India on the 21st February, 2019 has promulgated the following four Ordinances, namely:-
  1. The Muslim Women (Protection of Rights on Marriage) Second Ordinance, 2019 (Ord. 4 of 2019).
  2. The Indian Medical Council (Amendment) Second Ordinance, 2019 (Ord. 5 of 2019).
  3. The Companies (Amendment) Second Ordinance, 2019 (Ord. 6 of 2019).
  4. The Banning of Unregulated Deposit Schemes Ordinance, 2019 (Ord. 7 of 2019).
The Muslim Women (Protection of Rights on Marriage) Second Ordinance, 2019 has been promulgated to give continued effect to the provisions brought in by the Muslim Women (Protection of Rights on Marriage) Ordinance, 2019. This Ordinance, inter alia, declares the practice of triple talaq to be void and illegal and also to make it an offence punishable with imprisonment up to three years and fine.

The Ordinance will protect the rights of married Muslim women and deter the practice of divorce by triple talaq (i.e., talaq –e –biddat). It also provide for payment of subsistence allowance and custody of minor children.

The Indian Medical Council (Amendment) Second Ordinance, 2019 has been promulgated to give continued effect to the work already done by the Board of Governors (BOG) as per the provisions of earlier Ordinance. This Ordinance, inter alia, enables the Board of Governors appointed in supersession of the Medical Council of India (MCI) to continue to exercise the powers of MCI for a period of two years or till the Council is reconstituted, whichever is earlier so as to ensure transparency, accountability and quality in the governance of medical education in the country.
In pursuance of the Government's objective of providing Ease of Doing Business to Law abiding corporate while simultaneously strengthening the corporate governance and compliance framework enshrined in the Companies Act, 2013, the Companies (Amendment) Second Ordinance, 2019 has been promulgated with a view, to empower the Central Government to allow certain companies to have a different financial year instead of as determined by the Tribunal. This Ordinance, inter alia, addresses the need to impose civil liability for technical and procedural defaults of a minor nature and to plug the corporate governance and enforcement frame work, through the following: (i) re- categorisation of 16 minor offences as civil defaults which will de-clog special courts; (ii) transfer of certain routine functions such as permitting conversion of a public company into a private company from NCLT to the Central Government; (iii) making non-maintenance of registered office and non-reporting of commencement of business as grounds for striking of from register of companies; and (iv) breach of ceiling on Directorships being made a ground for disqualification; (vi) Enhancing the pecuniary jurisdiction of Regional Director’s for compounding offences under the Companies Act with a view to unburdening the NCLT of routine functions etc.

The Banning of Unregulated Deposit Schemes Ordinance, 2019 has been promulgated to have a central legislation to tackle the menace of illicit deposits taking activities in the country. Presently, non-banking entities are allowed to raise deposits from the public under the provisions of various statutes enacted by the Central Government and State Governments. However, the regulatory frame work for deposit taking activity in the country is not seamless. Despite such diverse regulatory frame work, schemes and arrangements leading to unauthorised collection of money and deposits fraudulently by inducing public to invest in uncertain schemes promising high returns or other benefits are still operating in the society.

This Ordinance, therefore, ensures a comprehensive ban on unregulated deposit taking activity and for its effective enforcement. It aims to prevent such unregulated deposit schemes or arrangements at their inception and at the same time makes soliciting, inviting or accepting deposits pursuant to an unregulated deposited scheme as a punishable offence. The said Ordinance also seeks to put in place a mechanism by which the depositors can be repaid without delay by attaching the assets of the defaulting establishments.

PIB

Grant of Cash Awards to meritorious children of Departmental officers / staff for their performance in the 10th / 12th standard Board Examination

Grant of Cash Awards to meritorious children of Departmental officers / staff for their performance in the 10th / 12th standard Board Examination

Government of India
Ministry of Finance, Department of Revenue
Directorate General of Human Resources of Development
Indirect Taxes & Customs
IRCON Building, West Wing,
Ground Floor, Plot No. C-4
District Centre, Saket
New Delhi-110017
Phone: 011-29561526
F.No. 712/ 112/HRD/WF-1/17 / 1066
Date 14 February, 2019
To
The Pr. Directors General/ Pr. Chief Commissioners (All)
The Directorate General/ Chief Commissioners (All)
The Pr. Commissioners/ Pr. Additional Directors General (All)
The Commissioners/ Additional Director General (All)

Sir/Madam,

Subject: Scheme for grant of Cash Awards to meritorious children of Departmental officers / staff for their performance in the 10th / 12th standard Board Examination held in March / April, 2016, 2017 & 2018 :- Reg.

Please refer to this office letter of even no. dated 12.11 .2018 on above mentioned subject.
  1. In this regard, it is to intimate that the Competent Authority has extended the last date of receiving the application / nominations for grant of cash award to meritorious children of Departmental officers/staff for their performance in the 10th / 12th standard Board Examination held in March / April, 2016, 2017 & 2018 from 31.12.2018 to 31.03.2019.
  2. It is requested that the necessary application / nomination along with the requisite documents may please be sent on priority so as to reach DGHRD, New Delhi on or before 31.03.2019.
  3. All other content of the above mentioned letter dated 12.11.2018 will remain same.
Yours faithfully,
sd/-
(Anice Joseph Chandra)
Addl. Director General (I&W) &
Member-Secretary, Governing Body (Welfare Fund)
Source: cbic.gov.in

Cabinet approves Cadre Review of 8 organized Group 'A' Services in Railways


Cabinet approves Cadre Review of 8 organized Group 'A' Services in Railways
19 FEB 2019

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the proposal for Cadre Review of 8 organized Group 'A' Services in Railways namely Indian Railway Accounts Service (IRAS), Indian Railway Personnel Service (IRPS), Indian Railway Traffic Service (IRTS), Indian Railway Service of Engineers (IRSE), Indian Railway Service of Electrical Engineers (IRSEE), Indian Railway Service of Mechanical Engineers (IRSME), Indian Railway Stores Service (IRSS), Indian Railway Service of Signal Engineers (IRSSE).

Cabinet has also approved encadrement of the post of Member (staff) a cadre post for IRPS and re-designation of the posts of Director General (Signal & Telecom), Director General (Stores) and Director General (Safety) as Member(S&T), Member (Materials Management) as Director General (Safety) respectively.

This Cadre Review was pending since 2012 and will benefit 900 officers of these services.

PIB

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