Pre-Payment Penality on Home Loans Reserve Bank of India (RBI) in its monetary policy, during 2012-13 has announced not to permit banks to levy foreclosure charges/pre-payment penalties on home loan on a floating interest rate basis. Further, National Housing Bank (NHB) which regulates the Housing Finance Companies (HFCs) have advised them not to levy pre-payment […]
Archives for April 2012
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Booking of LPG by SMS and IVRS Introduced in 18 States
Booking of LPG by SMS and IVRS Introduced in 18 States Covering 4.36 Corre LPG Custmers With a view to provide better services to the customers and to reduce the scope for irregularities, Public Sector Oil Marketing Companies, OMCs namely, Indian Oil Corporation Limited (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited […]
Improper implementation of Modified Assured Career Progression Scheme (MACPS).
NFIR National Federation of Indian Railwaymen No.IV/MACPS/09/Pt.5 Dated : 17.04.2012 The Secretary (E), Railway Board New Delhi. Dear Sir, Sub: Improper implementation of Modified Assured Career Progression Scheme (MACPS). As soon as a case of wrong/improper implementation of MACP is noticed by VFIR, the same is reported to the Railway Board for taking corrective action […]
Children Education Allowance/Hostel Subsidy- clarifications thereon.
Government of India Ministry of Railways Railway Board No. E(W)2012/ED-2/1 New Delhi , Dated 11/04/2012 The General Manager, All Indian Railways & Production Units. Sub: Children Education Allowance/Hostel Subsidy- clarifications thereon. In terms of Railway Board’s letter No. E(W)/2008/ED-2/4 dated 01-10-2008 revised instructions were issued on Grant of Children Education Allowance to Railway employees based […]
Minimum Wages to Contract Labourers
The Union Labour & Employment Minister Shri Mallikarjun Kharge has informed the Rajya Sabha that the complaints under the Contract Labour (Regulation & Abolition) Act, 1970 and Minimum Wags Act,1948 are dealt with by the respective appropriate Government under the said Acts. The State Governments are the appropriate Governments in respect of the private and […]
Reduction of Interest Rate on EPF
Reduction of Interest Rate on EPF The Union Labour & Employment Minister Shri Mallikarjun Kharge has informed the Rajya Sabha that as per para 60(1) of the Employees’ Provident Funds Scheme, 1952, rate of interest on the Employees Provident Fund is determined by the Central Government in consultation with the Central Board of Trustees, Employees […]
Revision Travelling Allowance and Daily Allowance to the Himachal Government employees.
No. Fin (C)-B (7)-1/2009 Government of Himachal Pradesh Finance (Regulation) Department Shimla -171002, dated 20thApril, 2012. OFFICE MEMORANDUM Subject: Amendment of existing provisions and revision of entitlements of Travelling Allowance and Daily Allowance to the State Government employees. The matter regarding revision of entitlement/ rates of Travelling Allowance […]