An amount of Rs. 14,767.47 crore (as per unaudited Balance Sheet of 2011-12) has been received as contribution in Employees’ Pension Fund for the financial year ending on 31.3.2012.
An amount of Rs. 1,62,980.04 crore is balance in Employees’ Pension Fund Contribution Account as on 31.3.2012.
The whole amount of Employees’ Pension Fund stands invested. Rs. 57,087.01 crores is invested in Public Account and balance is invested in securities.
As per the unaudited Balance Sheet of the year 2011-12, total interest income of the investment of Employees Pension Fund for the year ended March 2012 is Rs.13,315.79 crore. The average rate of interest on Public Account is 8.5% and on investment in securities is 8.27%.
The Union Labour & Employment Minister Shri Mallikarjun Kharge gave this information in a written reply in Rajya Sabha today.
Over Rs 750 cr lying in inactive post office saving A/Cs: Government
The government today said around Rs 752 crore is lying as unclaimed deposits in more than 2.49 crore inactive savings accounts in post offices.
"Rs 752,44,57,414.03 is the amount lying in all inactive (silent) accounts as on March 31, 2011 in 2,49,59,446 accounts," Telecom Minister Kapil Sibal said in a written reply to Lok Sabha.
West Bengal led the tally of unclaimed deposits with over Rs 107 crore lying in 20.16 lakh accounts, followed by Tamil Nadu (Rs 105.87 crore in 62.72 lakh accounts) and Uttar Pradesh (Rs 68.61 crore in 21.74 lakh accounts).
"The depositor of such account can activate the account at any time by transaction. Notices are issued every year to the account holder of such accounts who are not maintaining minimum balance. Special drives are launched to re-activate such accounts by issuing notices and giving information through electronic media," Sibal said.
Responding to another query, Sibal said 79,604 complaints for non-delivery of Registered Letters, 41,794 for Speed Post and 8,257 related to Parcels were received in the April-June, 2012 period.
"Of these, 73,077 complaints for registered post, 38,154 for Speed Post and 6,147 for Parcels were addressed. As on June 30, 2012, 6,527 complaint cases of Registered Letters, 3,640 cases of Speed Post and 2,110 cases of Parcels are pending," Sibal said.
The major reason for the pendency are involvement of more than one postal circle/state in processing the complaints, time taken in making detailed inquiry or investigation and non-submission of the required details by the complainant in some cases, he added.
The Minister added that during 2009-10, 2010-11 and 2011-12, departmental action has been initiated in 1,287 cases against postal employees and penalties have been imposed in 1,157 cases for non-delivery and loss of articles etc.
In a separate reply, Minister of State for Communications and IT Sachin Pilot said the Department of Posts' (DoP) volume as well as revenue from speed post has continuously increased over the years.
"The volume of Speed Post has increased from 21.14 crore in 2008-09 to 24.08 crore in 2009-10, 27.45 crore in 2010-11 to 39.19 crore in 2011-12," Pilot said.
Revenues from speed posts have also grown from Rs 515 crore in 2008-09 to Rs 614 crore in 2009-10, Rs 749 crore in 2010-11 and Rs 900 crore in 2011-12, he added.
WHY HBA IS BETTER THAN HOUSE LOAN GRANTED BY PSU BANKS?
IT IS A FACT THAT AFTER IMPLEMENTATION OF SIXTH PAY COMMISSION RECOMMENDATIONS HOUSE BUILDING ADVANCE (CALLED AS HBA) GRANTED BY CENTRAL GOVERNMENT TO ITS EMPLOYEES LOST ITS CHARM AS IT IS NO LONGER A HOUSE LOAN COMMENSURATE WITH THE PRESENT COST OF CONSTRUCTION.
The very term “pay in pay band” put in the place of “Basic Pay” after 6cpc implementation has made most of the damage as it has reduced the eligible amount of HBA. Alternatively, Pay in Pay band plus Grade pay should have been taken for calculation of eligible amount of HBA, as Pay in pay band + Grade pay form the Basic Pay of an employee after 6CPC for all purposes (For example DA, HRA, NPA etc are calculated only based on pay in pay band + grade pay).
So, it is a common grievance of all Central Government Employees that HBA should be based pay in band and Grade Pay.
The remaining damage for reduction of eligible amount of HBA are done by the conditions after 6CPC that Maximum ceiling of HBA is Rs.7.5 lakhs and that number of times of pay in pay band taken for calculating eligible HBA amount is 34 times only.
Why HBA is better than House Loan granted by PSU banks?
The very reason for which a Central Government Employee wanted to go for HBA rather than house loan granted by all PSU Banks and financial Institutions is the rate of interest charged for House Loan. While House Building Advance Scheme of Central Government charges interest ranging from 6.5% to 9.5% from the year 2003 depending on HBA amount sanctioned, PSU banks or financial institutions charge not less than 10.5 % presently. The other major benefit in the House Building Advance Scheme is the Quantum of monthly recovery. While PSU Banks recovers part of Principal and Interest at the same time on monthly basis which is called as EMI, HBA Scheme allows for recovery of principal amount only, for a period up to 180 months and interest thereafter for a period not exceeding 60 months. So, the quantum of monthly recovery amount for a particular loan amount under HBA scheme would be very lesser than EMI charged for same Loan amount taken from PSU banks.
We hope Government would come up with suitable amendments to rectify this common grievance of central government employees soon.
In fact, as per 6CPC recommendations the existing HBA scheme should be replaced with a New HBA Scheme as per which Government should tie up with leading PSU Banks for grant of housing loan at competitive rates to Central Government Employees and out of the interest charged by the banks for the housing loan, 2% of the interest should be subsidized by the Central Government (In the case of employees with disability the interest subsidy will be 4%).
However, this new HBA scheme is yet take off and in the mean time Ministry of Urban Development has issued Office Memorandum No: I-17011/11(4)/2008-H.III dated 27.11.2008 for revision in house building advance in which Maximum ceiling for cost of construction, HBA amount ceiling and number of times of pay in pay band tocalculate eligible HBA have been revised to Rs.30 lakhs, Rs.7.5 lakhs and 34 times of pay in pay band respectively.
It has been decided with the approval of competent authority to revise the pattern and syllabus for examination for filling up of the posts of Postman and Mail Guard by:
(i) Limited Departmental Competitive Examination for promotion from amongst Multi Tasking Staff
(ii) Direct Recruitment from amongst Gramin Dak Sevaks
(iii) Direct Recruitment from Open Market
2. The revised pattern and syllabus for examination is indicated in the Annexure.
3. It is requested that the revised pattern and syllabus for examination may be brought to the notice of all concerned.
4. The date for holding the examination(s) will be communicated separately by DE Section.
Assistant Director General (SPN)
Pattern and Syllabus for Examination to fill up the Posts of Postman and Mail Guard by promotion on the basis of Limited Departmental Competitive Examination by promotion from amongst Multi Tasking Staff and direct recruitment from amongst GDS and from Open Market
I. Candidates shall be subjected to an Aptitude Test of the level of 10th class/matriculation covering the following subjects/topics:
Part 'A' - 25 marks -25 questions on General Knowledge, Reasoning and Analytical Ability - Multiple Choice Questions
Part '8' - 25 marks -25 questions of Mathematics - Multiple Choice Questions