GPF interest rate

In a move which will benefit millions of employees, the government has hiked interest rate on contributions to General Provident Fund (GPF) and other similar funds to 8.8 per cent for 2012-13. 

The interest rate on such funds was 8.6 per cent during December 2011-March 2012 period, while it was 8 per cent for April-November 2011. 

"It is announced ... that during the year 2012-13, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8.8 per cent per annum," the Finance Ministry said. 

The benefit of increased interest rate will be available to subscribers of Contributory Provident Fund (India), All India Services Provident Fund, State Railway Provident Fund and General Provident Fund (Defence Services). 

Contributors to Indian Ordnance Department Provident Fund, Indian Ordnance Factories Workmen's Provident Fund, Indian Naval Dockyard Workmen's Provident Fund, Defence Services Officers Provident Fund and Armed Forces Personnel Provident Fund will also benefit from the move. 

Rate of interest on GPF is generally fixed after taking into consideration the average secondary market yields on government securities of similar maturity. 

Source:-The Economic Times.

Confederation Bihar branch meeting minutes

(CAICGSA) Bihar Jharkhand Branch, Patna-800001.

President Sri Kumar Rama Shankar Singh PA to  Dy. A.G. (Pen), o/o Accountant General, Patna kumarramashankarsingh@gmail.com Ph.09835641616

Secretary Sri Anil Kumar Singh PA, o/o Chief Postmaster General, Bihar Circle, Patna. kumar.anil68@gmail.com Ph. 09430425752

Treasurer Sri Rajiv Kumar PA,o/o Director  General  of Income Tax, Bihar, Patna. rkrit_1998@sify.com Ph. 08986911023

                                                                       

No. CAICGSA/BIHAR/2/2012

Dated : 23.05.2012

To

Sri M. Harisuthan,

Secretary General, CAICGSA,

Kollam, Kerala, PIN-691001.

Dear Sri Harisuthan,

            A meeting of CAICGSA was held on 20.05.2012. Stenographers from various central govt. offices turned up. Hectic discussion was held. The following transpired during the meeting :

1.                  The GS should furnish a Recruitment Rules of non-secretariat stenographers (on the line of CSSS  Recruitment Rules) and float it on caicgsa blogspot for suggestion of its members, thereafter a final Recruitment Rules should be prepared by GS. The GS should contact the DOPT personally and submit his suggestion regarding Recruitment Rules to the DOPT where  formulation of R.R. of stenographers is under process. The new RR should include the better promotional avenues of stenographers. After the advent of 6^th CPC, the previous 40:40:20 ratio of promotion of Stenographers has become irreverent.  

2.                  They expressed concern that not a single person of CAICGSA  is available in Delhi who could visit the office of DOPT and  pursue our case at DOPT Headquarter at Delhi.

3.                  CAICGSA  Bihar will also try its best to contact an MP to raise a Parliament Question on our issue,  in the Parliament.

With regards,

Yours fraternally,

(Anil Kumar Singh)

State Secretary,

CAICGSA,

Bihar, Jharkhand