DHARNA INFRONT OF DIVISIONAL OFFICE, OTTAPALAM CONDUCTED IN A BETTER WAY TODAY.
Com. K.Vijayakumar, Circle Vice President (PIII), Kerala Circle inaugurated the Dharna. Com. T.R.Santhosh Kumar(R3), Chairman, LCC presided over the function. Com. U.M.Saseendran, (P3), Convener LCC, Com. A.C.Madhusudhanan, President P3, Com. P.Ravikumar, President GDS Union, Com. Balakrishnan, President P4, Com. Abdul Rahiman, Secretary, P3, Com. Aravindakshan, Secretary, P4, Com. Velayudhan M.C, Secretary,GDS Union, Com. Madhan Kumar, R3(Shornur), Com. Ajith M. Nair, R3 (Ottapalam) Com. V.V.Venugopalan P3, (Mannarkkad) are participated in the Dharna. Different views of the program are below:
A COMBINED DIVISIONAL COUNCIL MEETING OF UNIONS (P3,P4 AND GDS UNION) WILL BE HELD AT OTTAPALAM HO PREMISES ON 17-06-2012 FROM 0930 AM. ALL DIVISIONAL COUNCIL MEMBERS INCLUDING WORKING COMMITTEE MEMBERS ARE REQUESTED TO ATTEND THE MEETING IN TIME
Proposed amendments in PFRDA bill to make NPS
The Cabinet is likely to approve three
amendments proposed in the Pension Fund Regulatory Development Authority
(PFRDA) Bill, the law relate to New Pension Scheme (NPS). Central Government Employees who joined in
Government Service on or after 01.01.2004 are under NPS. This pension scheme
has also been extended to all Indian Citizens.
The Cabinet will meet to move amendments to the
Pension Fund Regulatory Development Authority (PFRDA) Bill. According to reports,
three changes are being made to PFRDA Bill.
The first amendment will reportedly allow contributor to withdraw funds
from the pension scheme in case of an emergency. The present law does not
provide for withdrawing funds for emergency purposes from NPS.
Also, the subscriber will be reportedly given a minimal assured return
for the investment in his fund. Since NPS is market related there is no minimum
return assurance so far.
The third amendment reportedly says there will be a 26 per cent cap on
the Foreign Direct Investment (FDI) in the scheme. Earlier, the cap was not
The pension bill or the PFRDA Bill suggests
changes to how savings of nearly 25 lakh Indians are invested. Currently, these
savings are invested in government securities that offer a fixed rate of
return. The new bill allows pension funds flexibility on appointing a
professional fund management company and lays down roles and responsibilities.
to AICIN data for the next two months remaining in the current level, the
following assumption is being made.
AICPIN data for April 12 has been recently published. It rises to 4 points and
reached 205. We know that D.A. is calculated on the basis for 12 months
average. To calculate the D.A. payable from 1st July 2012, we need the figures
of May and June 2012 which are to be released on 30.06.12 and 31.07.12
respectively. If the data remains for the next two months in the same level,
i.e. 205, the hike will be 7%. Even if it marginally drops 1 point in any of
the months, the rise will be still 7% which will take the total D.A. to 72%.
the latest hike in petrol price, it is unlikely that the index may drop in the
next months. So we can guess the next D.A. hike @7%, revising our previous
Com. K.V. Sridharan, the dynamic vibrant, hardworking and fully committed Leader of NFPE and General Secretary AIPEU Group ‘C’ has retired from service on 31.05.2012 NFPE is really proud of our beloved KVS and wishes him a more colourful, wonderful and restless retirement life. On behalf of the entire Postal, RMS and GDS fraternity we wish him ALL THE BEST. Com. KVS will be leading the movement in the coming days also. Retirement is only from departmental service and not from Trade Union service=