Linking of GPF Interest Rates With EPFO The rates of interest on General Provident Fund (GPF) is 8% for the period from 1.4.2011 to 30.11.2011 and 8.6% from 1.12.2011 to 31.3.2012, whereas the rate of interest on EPF for the financial year 2011-12 is 8.25%. Rate of interest on EPF is fixed on the recommendation […]
GGSTAFF NEWS
Revision of pension benefits-Karnataka
PROCEEDINGS OF THE GOVERNMENT OF KARNATAKA SUBJECT: Revision of pensionary benefits The Official Pay Committee 2011 constituted vide Government Order No.FD 23 SRP 2011 dated :15th June 2011 has submitted its report on 12th March 2012 . 2. Government have accepted the recommendations of the Official Pay Committee 2011 regarding pensionary benefits and […]
Amount under Employees Pension Fund Account
Amount under Employees Pension Fund Account The Union Labour & Employment Minister Shri Mallikarjun Kharge has informed the Rajya Sabha today that Total amount held under Employees’ Pension Fund Account as on 31 March 2011 is Rs. 1,42,760.89 Crore. Interest income earned on the investment during 2010-11 is Rs. 10,732.67Crore. The stipulation regarding administrative […]
Appointments on Compassionate grounds
Appointments on Compassionate grounds Appointment on compassionate grounds is made to mitigate the indigent circumstances of the dependents of Govt. employees dyingin harness or retiring on medical grounds. The following activities are involved :– Completion of Forms & Details in Respect of Applications Received. Compilation of All Cases With Data Summary. Collection […]
RBI Pre-Payment Penality on Home Loans
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 […]