Friday, 26 April 2019

EPFO - Finance Ministry has approved 8.65% rate of interest on Employees Provident Fund (EPF) for 2018-19

EPFO - Finance Ministry has approved 8.65% rate of interest on Employees Provident Fund (EPF) for 2018-19

The Finance Ministry has approved 8.65% rate of interest on Employees’ Provident Fund (EPF) for 2018-19 as decided by retirement fund body EPFO, benefitting more than 6 crore formal sector workers.

“The Department of Financial Services (DFS), a wing of Finance Ministry, has given its concurrence to Employees Provident Fund Organisation’s (EPFO) decision to provide 8.65% rate of interest for 2018-19 to its subscribers,” a source privy to the development told PTI.

“The DFS has approved the proposal subject to fulfilment of certain conditions related to efficient management of the retirement fund,” the source said further.

Earlier in February, the EPFO’s apex decision making body Central Board of Trustees headed by labour minister Santosh Gangwar had decided to raise the interest rate on EPF to 8.65% for 2018-19, which was the first increase in the last three years.

The interest rate on EPF was hiked to 8.65% for the last fiscal from 8.55% provided in 2017-18. The EPFO had earlier reduced the interest rate in 2016-17 to 8.65% from 8.8% in 2015-16.

After the Finance Ministry concurrence, the Income Tax Department and the Labour Ministry would notify the rate of interest for 2018-19. Thereafter the EPFO would give directions to its over 120 field offices to credit the rate of interest into subscribers’ account and settle their claims accordingly.
According to the EPFO estimates, there would be a surplus of Rs.151.67 crore after providing 8.65 per cent rate of interest for 2018-19 on EPF. There would have been a deficit of Rs.158 crore on providing 8.7 per cent rate of interest in EPF for last fiscal. That is why the body decided to provide 8.65 per cent rate of interest for 2018-19.

The EPFO had provided a five-year low interest rate of 8.55% to its subscribers for 2017-18.


Frequently Asked Questions on Authorised Medical Attendant (AMA)

Frequently Asked Questions on Authorised Medical Attendant (AMA)

Who are covered by CS (MA) Rules?
They shall apply to all Government servants other than (i) these in railway
service and (ii) those of non-Gazetted rank stationed in or passing through Calcutta, whose conditions of service are prescribed by Rules made or demand to be made by the Central Government, when they are on duty, leave or Foreign Service in India or which under suspension.

Who is an AMA?
Authorised Medical Attendant (AMA) is Medical Officer in the employee of Central Government or Private Medical Practitioner appointed/ nominated by the Ministry/Department for providing medical attendance to its employees.

What is the Reimbursement in case of treatment taken under emergency at private hospital?
CS(MA) beneficiaries are being reimbursed as per the prevailing non NABH CGHS as applicable to a CGHS covered city and non-NABH rates applicable
to the nearest CGHS covered city in case of non-CGHS city, as the case may be, or the actual, whichever is less, for treatment undertaken at private hospitals under emergent condition.

What are the hospitals in which CS(MA) beneficiary are entitle for treatment under normal conditions?
CS(MA) beneficiaries and their dependent family members can get treatment from any of the Central Government hospitals/ State Government hospitals/ private hospitals and diagnostic centers recognized under CGHS/ CS(MA) Rules as per provisions.

Can a Central Government Employee gets reimbursement is treatment
undertaken aboard?

Treatment abroad is considered under CS (MA) Rules, 1944, on receipt of application in the prescribed format through the employee’s Ministry/ Department. However, approval depends on the opinion of the standing Committee constituted under these rules.

CGDA - Raksha Mantri Awards for Excellence for the year 2019 - Motivation Scheme for the Defence Accounts Department

CGDA - Raksha Mantri Awards for Excellence for the year 2019 - Motivation Scheme for the Defence Accounts Department

AT-Coord/13005/RM Award/2019
Dated :25th April, 2019
All Principal Controller & equivalents
All Controllers & equivalents
Sr. Dy. CGDA (AN) (Local)

Subject : “Raksha Mantri Awards for Excellence” for the year 2019. Please find enclosed a detailed “Motivation Scheme for the Defence Accounts Department” for the Year 2019.

The process of selecting awardees for the year 2019 at the level of Principal Controllers/Controllers etc. may be completed by 28th June, 2019. For “Raksha Mantri Awards for Excellence” to be decided by the CGDA, nominations may be forwarded in the prescribed format, in both soft and hard copy form (3 copies) and mailed on the email Id latest by 15th July, 2019 (should reach HOrs. Office). Citation/write up of project/work done (not more than 100 words), two passport size photographs, bio data (not more than 100 words) and a write up in bullet form (not more than 50 words) in respect of each nominee/team may also be forwarded.

It is further requested that the time schedule prescribed above may kindly be strictly adhered to; failing which, it may not be possible to consider the nominations received after the closing date.
The detailed guidelines of the scheme may be given wide publicity and placed on websites etc. The scheme has also been placed on the CGDA’s website at www.cgda, The expenditure on the scheme would be made from the DAD-Pay and Allowances head.
(Maushumi Rudra)
Jt.CGDA (AT-Coord)

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