DA for Banker from May 2023

Grant of Special Casual Leave to Organ Donors

Grant of Special Casual Leave to Organ Donors

No. A-24011/23/2022-Estt. (Leave)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel and Training

Old JNU Campus, New Delhi
Dated the 25th April, 2023

OFFICE MEMORANDUM

Subject: Grant of Special Casual Leave to Organ Donors – regarding.

This Department has been considering grant of Special Casual Leave to Organ Donors in the light of several references/queries received, in consultation with Ministry of Health and Family Welfare. Organ removal from a donor is a major surgery, which requires time for recovery, including both hospitalization and post hospitalization periods. Further, keeping in view the noble activity to help another human being and to promote organ donation among the Central Government employees, it has now been decided to grant a maximum of 42 days Special Casual Leave to a Central Government servant for donating their organ(s) to another human being, as a special welfare measure in public interest, notwithstanding the provision under Appendix-III of the CCS (Leave) Rules 1972 regarding grant of Special Casual Leave not exceeding 30 days in any one calendar year, on the following conditions:

(i) Irrespective of type of surgery for removal of donor’s organ, the duration of Special Casual Leave will be a maximum of 42 days as per the recommendation of Government registered medical practitioner / Doctor.

(ii) The leave shall be granted to all types of Living Donors provided that donor had been duly approved for donation by the Government registered medical practitioner as per the Transplantation of Human Organs Act, 1994.

(iii) The Special Casual Leave shall not be combined with any other leave except in exceptional circumstances of complications of surgery on medical recommendation by the Government registered medical practitioner / Doctor.

(iv) Special Casual Leave shall normally be taken in one stretch starting from the day of admission in the hospital, however, in case of requirement it can be availed starting maximum one week prior to surgery on the recommendation of Government registered medical practitioner / Doctor.

(v) Flexibility or splitting of leaves may be permitted on the recommendation of treating Government registered medical practitioner / Doctor.

(vi) Treatment in connection with organ donation shall as far as possible be done from any Authorized Hospital. In a case where no authorized hospital is available in the area / zone of treatment and the treatment is done from a Private Hospital, production of medical certificate duly certified by concerned HOD of the Hospital is mandatory.

(vii) “Authorized Hospital” is defined as Government Hospital or Private Hospital empanelled under Central Government Health Scheme (CGHS).

3. These orders shall be applicable to Government employees appointed to the civil services and posts in connection with the affairs of the Union of India in terms of Rule 2 of the CCS (Leave) Rules, 1972 with effect from the date of issue of this O.M.

(Sunil Kumar)
Under Secretary to the Government of India

Pension Uodation Next case date 16.05.2023

Dear friends,

Submitting following Updation for your Perusal.

1. *WP (C) - 8718/2018*

Gratuity enhancemeint - Rs.20 Lakh effective from 01.01.2016.

Next date of hearing --

Steel Authority of India gratuity matter clubbed with our writ.

SAIL to file their rejoinder.

¤ *Next date 09.05.2023*

----------------------------------------------------

2. *WP (C) - 867/2019*

Computation of Gratuity- 

DA, Special allowance, 26 days etc to be included in calculation.

Case entered in argument phase. 

¤ *Next date. 16.05.23*

----------------------------------------------------

3. *WP(C) - 4532/2019*

Pension updation - 

Addition of 'Special allowance' for calculation of pension and pension updation.

¤  *Next date .16.05.23*

--------------------------------------

4. *WP(C) 11846/2019*

CBDT- Exemption of Income Tax on leave encashment.

¤ *Next dt. 17.10.23*

----------------------------------

Regards.

Dear friends,

Submitting following Updation for your Perusal.

1. *WP (C) - 8718/2018*

Gratuity enhancemeint - Rs.20 Lakh effective from 01.01.2016.

Next date of hearing --

Steel Authority of India gratuity matter clubbed with our writ.

SAIL to file their rejoinder.

¤ *Next date 09.05.2023*

----------------------------------------------------

2. *WP (C) - 867/2019*

Computation of Gratuity- 

DA, Special allowance, 26 days etc to be included in calculation.

Case entered in argument phase. 

¤ *Next date. 16.05.23*

----------------------------------------------------

3. *WP(C) - 4532/2019*

Pension updation - 

Addition of 'Special allowance' for calculation of pension and pension updation.

¤  *Next date .16.05.23*

--------------------------------------

4. *WP(C) 11846/2019*

CBDT- Exemption of Income Tax on leave encashment.

¤ *Next dt. 17.10.23*

----------------------------------

Regards.

Change of name by pensioner/family pensioner: RBE ORDER

 

Change of name by pensioner/family pensioner: RBE ORDER

RBE No 54/2023

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)

No. E(NG)I-2022/NM/2

New Delhi, dated 17.04.2023

The General Managers (P),
All Zonal Railways & Production Units.
(as per standard mailing list)

Sub: Change of name by pensioner/family pensioner

Attention is drawn to provisions contained in para 1201 of Chapter XII of IREM Vol. I, wherein procedure in respect of change of name by a Railway servant (in service) is provided.

One of the Zonal Railways has sought clarification/guidelines applicable on change of name by pensioner/family pensioner. The matter has been examined in consultation with Department of Pension & Pensioners’ Welfare, and the Finance Directorate of Railway Board. It is stated that there is no separate procedure prescribed in the Pension Rules for change in name/surname in the PPO of the government employees or spouse after retirement. The PPO is issued on the basis of service records/service book of the employee. Necessary action in the matter may be taken in terms of provisions contained in Chapter XII of IREM Vol.1

Also Read: DOPPW released Dearness Relief Order to Central Government Pensioners from Jan 2023

This disposes off FA&CAO/F&G/NR’s letter no. 96/Adm/C/17/SRS dated 05.12.2022.

(Sanjay Kumar)
Deputy Director Estt.(N)
Railway Board
Tele No. 23303658

Revised CGHS Package Rates for the benefit of CGHS Beneficiaries

 

Revised CGHS Package Rates for the benefit of CGHS Beneficiaries

Union Health Ministry Revises CGHS Package Rates for the benefit of CGHS Beneficiaries

Referral Process under CGHS simplified; beneficiaries can now be referred through video call

Union Ministry of Health and Family Welfare has decided to revised the CGHS package rates for all CGHS beneficiaries. The Union Govt has also simplified the referral process under CGHS for the benefit of its employees.

After due examination of demands from stakeholders and taking into consideration the increase in costs of various components of health care, the Union Health Ministry has proposed to initially revise the CGHS package rates of consultation fees, ICU charges and room rent, as per details given under:

Revised CGHS rates:

Item	Existing	Revised
Consultation Fee –
OPD Consultation	Rs 150	Rs 350
IPD Consultation	Rs.300	Rs 350
ICU charges – includes Rs 750 for non-NABH hospitals and Rs 862* for NABH hospitals includes – monitoring, RMO charges, nursing care and in addition Room rent is as per ward entitlement of beneficiary –general ward / semi-private ward / private ward is permitted. *15% more for NABH accredited	Rs 862 for NABH + Room rent as per ward entitlement	Rs 5,400/- (Rs 862 + Rs 4,500/- for Private ward = 5,362- rounded to Rs 5,400) including accommodation for all ward entitlements.
Room Rent
General ward	Rs 1000/-	Rs 1,500/-
Semi-Private ward	Rs 2,000/-	Rs. 3,000/-
Private ward	Rs.3,000/-	Rs.4,500/-

The referral process under CGHS has also been simplified. Earlier the CGHS beneficiary had to visit the CGHS Wellness Center himself and take referral to the hospital. But now, if the CGHS beneficiary is unable to go, he can send someone on his behalf with his documents to the wellness center. The medical officer can refer the beneficiary to go to the hospital after checking the documents. Apart from this, CGHS beneficiary can also take referral through video call.

SIP is one of the best and safest way to invest in stock market.

SIP is one of the best and safest way to invest in stock market.

1. Focuse on your savings and try to save as much as possible. Your corpus is the only thing that is in the control of you and it's directly proportional to compounded wealth.
2. Second most important thing is portfolio diversification and safety of your investments.
3. Invest in index based mutual funds to get consistent and sure returns in long run.
4. Buy gold ETFs on a regular basis so that you can utilise this money as a reserved cash to use when market crash and there is an opportunity.
5. Hold highly valuable companies for very long time.

 

IBA and UFBU meeting on Monday 24.04.2023 regarding 12th Bipartite

UFBU wrote a letter to IBA for immediate commencement of negotiation12 th bps

Punjab National Bank celebrates its foundation day on 12 April, Read amazing facts about PNB

Punjab National Bank (PNB) is an Indian public sector bank based in New Delhi. The bank was founded in May 1894 and is the third largest public sector bank in India in terms of its business volumes and second largest in terms of its network. PNB celebrates its foundation day on 12 April and on this special occasion let’s have a look at the amazing facts of PNB.

Category	Punjab National Bank
Total business	Rs.20,67,116 crore
Global deposits	Rs.12,10,359 crore
Gross NPA	Rs.83,584 crore
Net Interest Income	Rs.9179 crore

Founded	19 May 1894; 128 years ago
Founder	Dyal Singh Majithia Lala Lajpat Rai
Headquarters	Dwarka, Delhi, India
Branches	10,049
ATMs	12,957
Owner	Government of India
Number of employees	103,144 (2022)
Website	www.pnbindia.in

Facts about PNB

#1) PNB was registered on 19 May 1894 under the Indian Companies Act, with its office in Anarkali Bazaar, in pre-independent India (present-day Pakistan).

#2) PNB’s founders included several leaders of the Swadeshi movement such as Dyal Singh Majithia and Lala Harkishen Lal, Lala Lalchand, Kali Prosanna Roy, E. C. Jessawala, Prabhu Dayal, Bakshi Jaishi Ram, and Lala Dholan Dass. Lala Lajpat Rai was actively associated with the management of the Bank in its early years. The board first met on 23 May 1894. The bank opened for business on 12 April 1895 in Lahore.

#3) PNB is the first Indian bank to have been started solely with Indian capital that survives to the present earlier Oudh Commercial Bank was established in 1881, but failed in 1958.

#4) Mahatma Gandhi, Jawaharlal Nehru, Lal Bahadur Shastri, Indira Gandhi and the Jalianwala Bagh Committee have held PNB accounts.

#5) At the Partition of India and the creation of Pakistan, PNB lost its premises in Lahore, but continued to operate in Pakistan. Partition forced PNB to close 92 offices in West Pakistan, one-third of its total number of branches, and which held 40% of the total deposits. PNB still maintained a few caretaker branches. On 31 March 1947, even before Partition, PNB had decided to leave Lahore and transfer its registered office to India; it received permission from the Lahore High Court on 20 June 1947, at which time it established a new head office at Under Hill Road, Civil Lines in New Delhi. Lala Yodh Raj was the Chairman of the Bank.

#6) After the Indo-Pak war of 1965, the government of Pakistan seized all the offices in Pakistan of Indian banks in September 1965. PNB also had one or more branches in East Pakistan (now Bangladesh).

#7) The government of India (GOI) nationalised PNB and 13 other major commercial banks, on 19 July 1969. In 1976 or 1978, PNB opened a branch in London. Some ten years later, in 1986, the Reserve Bank of India required PNB to transfer its London branch to State Bank of India after the branch was involved in a fraud scandal.

Mergers and acquisitions

Acquisition date	Company
1951	Bharat Bank Ltd.
1961	Universal Bank of India
1962	Indo-Commercial Bank
1986	Hindustan Commercial Bank
1993	New Bank of India
2003	Nedungadi Bank
2020	Oriental Bank of Commerce & United Bank of India

Shareholding

Shareholders	Shareholding
Promoter Group (Government of India)	83.2%
FIs / Banks / Insurance	5.6%
Resident Individual	5.7%
Mutual Funds	2.3%
Foreign Institutional Investors (FIIs)	2.2%
Others	1.1%
Total	100.0%

PNB Subsidiaries

1. PNB Housing Finance Limited (32.52%)
2. PNB MetLife India Insurance Company (32%)
3. Canara HSBC OBC Life Insurance Co. Ltd (23%)
4. India SME Asset Reconstruction Co. Ltd. (20.90%)
5. PNB Cards and Services Ltd (100%)
6. PNB Insurance Broking Services Ltd (non functional under winding up)
7. PNB Investment Services Ltd (100%)
8. PNB Gilts Ltd (74.07%)
9. PNB International Ltd UK (100%)
10. Druk PNB Bank Ltd Bhutan (51%)
11. JSC Tengri Bank Kazakhstan (41.64%)
12. Everest Bank Ltd Nepal (20.03%)
13. sarva Haryana Gramin Bank (35%)
14. Himachal Gramin Bank (35%)
15. Punjab Gramin Bank (35%)
16. Prathma UP Gramin Bank (35%)
17. Dakshin Bihar Gramin Bank (35%)
18. Bangiya Gramin Vikash Bank(35%)
19. Assam Gramin Vikas Bank (35%)
20. Tripura Gramin Bank (35%)
21. Manipur Rural Bank (35%)

World Bank reduces India’s GDP growth forecast to 6.3%

 The World Bank on Tuesday cut India’s growth forecast for 2023-24 to 6.3% from its December estimate of 6.6% amid global headwinds and with rising borrowing costs and slower income growth leading to a moderation in consumption.

Meanwhile, the Asian Development Bank (ADB) on Tuesday said that India’s economy would grow at a slower-than-expected 6.4% this year. 

The growth estimates by both multilateral agencies are close to the Reserve Bank of India’s (RBI) February 8 forecast of 6.4% growth in 2023-24. The Economic Survey on January 31 projected India’s GDP growth at 6.5% in real terms , with a broader range of 6-6.8% depending on downside and upside risks.

Experts expect the Monetary Policy Committee of the Reserve Bank of India (RBI), which is holding its bi-monthly meeting from April 3-6 to raise policy rates for the seventh time to reduce inflation, which remains over the central bank’s upper tolerance limit of 6%. A recent spike in international crude oil prices is one of the major worries for experts as India is a net importer of energy.

The report said the reopening of China’s economy and stronger than expected growth in the United States and Euro area at the end of 2022 are providing some tailwinds to growth in 2023. “Although significant challenges remain in the global environment, India was one of the fastest growing economies in the world with real GDP growing 7.7 percent year-on-year during Q1-Q3 fiscal year 2022/23 (April-March FY22/23)… While the overall growth momentum remains robust and real GDP growth for FY22/23 is estimated to be 6.9 percent, there were signs of moderation in Q3 as growth slowed to 4.4 percent year-on-year,” it said.

AGM of Bank of Maharashtra convicted for loan fraud of Rs 3.7 crores

A CBI court on Monday convicted 10 people, including a former assistant general manager (AGM), of the Bank of Maharashtra for causing a loss of ₹3.73 crore to the public sector bank by availing credit facilities and imposed a fine of ₹5.11 crore on them. An amount of ₹4.50 Crore would go to the bank towards the loss

The prosecution was initiated after Vikas Chhapekar – then general manager of the bank – had filed a complaint with the CBI alleging that the accused had caused a loss to the bank of ₹3.73 crore, which also included accrued interest amounting to ₹1.04 crore.

The main accused have been identified as Dileep Deshpande, then assistant general manager at the Bandra branch of the bank, Mukesh Shah and Shreyansh Sheth, directors of SPL Technochem Ltd, a public limited company.

Deshpande was the assistant general manager from August 2006 to June 2007. In a loan application submitted in September 2006, Shah and Sheth deliberately and with fraudulent intention suppressed details of their sister concerns and associated firms. They also did not inform the bank that the company was also banking with other banks and false income tax returns were used to show higher personal net worth.

CBI said that the directors of SPL Technochem Ltd and associate concerns misutilised the credit facility which was meant for the purchase of raw material and cheated the Bank of Maharashtra and the funds were diverted to multiple sister concerns – Lalit Polyster Pvt Ltd, Kalpataru Comtrade Pvt. Ltd, Sabrang Polymers Pvt. Ltd, Vision Agencies Pvt Ltd, Sharp Industries Ltd, Aakar Laminators Ltd, Cat Cosmetics & Healthcare Pvt. Ltd, and Swastik BioAgro Tech P. ltd.

The CBI claimed that Sheth’s family members, Dhumil Sheth, Vilesh Sheth, Vishal Sheth, Hashmukh Sheth and Vinod Sheth were directors in these companies along with Manoj Shah.

It was alleged, Sheth and Deshpande suppressed the fact that the former was a director in Lalit Polyster Pvt. Ltd, which also had availed a credit facility of ₹7 crore from the bank. Besides, the details of the web of companies where Sheth family members were directors were also not submitted to the bank.

FRAMEWORK FOR ACCEPTANCE OF GREEN DEPOSIT SHALL COME INTO EFFECT FROM JUNE 1, 2023

The Reserve Bank of India on Tuesday notified the framework for acceptance of “Green Deposit”. The provision of the framework is applicable to all scheduled commercial banks including Small Finance Banks (excluding Regional Rural Banks, Local Area Banks, and Payments Banks) and All Deposit-taking Non-Banking Financial Companies (NBFCs), collectively known as Regulated Entities (REs).

A green deposit means an interest-bearing deposit, received by the RE for a fixed period, and the proceeds of which are earmarked for being allocated towards green finance.  The Green deposits are issued as cumulative/non-cumulative deposits. On maturity, the green deposits would be renewed or withdrawn at the option of the depositor. The green deposits shall be denominated in Indian Rupees only. The tenor, size, interest rate, and other terms and conditions (as applicable to the RE) as defined in the Master Direction – Reserve Bank of India (Interest Rate on Deposits) as amended from time to time

Green finance means allocating green deposit resources to lending/investing in green activities /projects. The allocation of proceeds raised from green deposits shall be based on the proposed official Indian green taxonomy (green taxonomy means environmentally sustainable investments). Pending finalization of the taxonomy, as an interim measure, REs shall be required to allocate the proceeds raised through green deposits towards the following list of green activities/projects which encourage energy efficiency in resource utilisation, reduce carbon emissions and greenhouse gases, promote climate resilience and/or adaptation and value and improve natural ecosystems and biodiversity.

 The Green Deposit funds mobilized can be utilized for the following green activities/projects.

(1) Renewable Energy                      

(2) Energy Efficiency                        

(3) Clean Transportation                           

(4) Climate Change Adaptation                         

(5) Sustainable Water and Waste Management                           

(6) Pollution Prevention and Control                          

(7) Green Buildings                          

(8) Sustainable Management of Living Natural Resources and Land Use      

(9) Terrestrial and Aquatic Biodiversity Conservation                           

The REs shall ensure that the funds raised through green deposits are allocated to eligible green activities/projects. The following projects or activities are excluded from green finance.

• Projects involving new or existing extraction, production and distribution of fossil fuels, including improvements and upgrades; or where the core energy source is fossil-fuel based.

• Nuclear power generation.

• Direct waste incineration.

• Alcohol, weapons, tobacco, gaming, or palm oil industries.

• Renewable energy projects generate energy from biomass using feedstock originating from protected areas.

• Landfill projects.

• Hydropower plants larger than 25 MW.

Third-Party Verification/Assurance and Impact Assessment

The allocation of funds raised through green deposits by REs during a financial year shall be subject to an independent Third-Party Verification/Assurance which shall be done on an annual basis. ‘The third-party assessment would not absolve the RE of its responsibility regarding the end-use of funds, for which the laid down procedures of internal checks and balances would have to be followed as in the case of other loans’ said RBI.

Dearness Allowance to Railway employees

Dearness Allowance to Railway employees from 01.01.2023: RBE Order

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
RAILWAY BOARD

PC-VII No.- 206

RBE No: 50/2023

File No. PC-VII/2016/1/7/2/1

New Delhi, dated: 10.04.2023

The General Manager/CAOs(R),
All India Railways & Production Units,
(As per mailing list)

Sub: – Grant of Dearness Allowance to Railway employees — Revised Rates effective from 01.01.2023.

The undersigned is directed to refer to this Ministry’s letter RBE No. 121/2022 dated 04.10.2022 (F.No. PC-VII/2016/1/7/2/1) on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Railway employees shall be enhanced from the existing rate of 38% to 42% of the Basic Pay with effect from 1st January, 2023.

2. The term ‘Basic Pay’ in the revised pay structure means the pay drawn in the prescribed Level in the Pay Matrix as per 7th CPC recommendations accepted by the Government, but does not include any other type of pay like special pay, etc.

3. The Dearness Allowance will continue to be distinct element of remuneration and will not be treated as pay within the ambit of Rule 1303 (FR 9(21)), Indian Railway Establishment Code, Volume —II (Sixth Edition — 1987) — Second Reprint 2005.

Also Read: FinMin released Dearness Allowance Order to Central Government Employees effective from Jan 2023

4. The payment on account of Dearness Allowance involving fractions of 50 paise and above may be rounded to the next higher rupee and the fractions of less than 50 paise may be ignored.

5. This issues with the concurrence of Finance Directorate of Ministry of Railways.

(Jaya Kumar G)
Deputy Director, Pay Commission-VII & HRMS
Railway Board

Declaration of Holiday on 14th April, 2023 – Birthday of Dr. B.R. Ambedkar: DOPT O.M

Declaration of Holiday on 14th April, 2023 – Birthday of Dr. B.R. Ambedkar: DOPT O.M

F. No.12/4/2020-JCA
Government of India
Ministry of Personnel, Public Grievances & Pensions
(Department of Personnel & Training)
Establishment (JCA) Section

North Block, New Delhi
Dated the 11th April, 2023

OFFICE MEMORANDUM

Subject: Declaration of Holiday on 14th April, 2023 — Birthday of Dr. B.R. Ambedkar.

It has been decided to declare the 14th April 2023, (Friday), as a closed holiday on account of the birthday of Dr. B. R. Ambedkar, for all Central Government Offices including Industrial Establishments, throughout India, by invoking the powers under Section 25 of Negotiable Instruments Act,1881 (26 of 1881).

2. All Ministries/Departments of Government of India may bring the above decision to the notice of all concerned.

(Sitansu Mohan Routray)
Deputy Secretary to the Govt. of India