Author Topic: 💥💥Govt is considering a proposal to providegratuityto employeescovered under  (Read 1056 times)

Gaurav Rathore

  • News Editor
  • *****
  • Offline
  • Posts: 5332
  • Gender: Male
  • Australian Munda
    • View Profile
💥💥Govt is considering a proposal to provide gratuity to employees covered under National Pension System on
 retirement.

Govt mulls gratuity to employees under National Pension System


New Delhi, Dec 22 (PTI) Government is considering a proposal to provide gratuity to its employees covered under National Pension System (NPS) on retirement, Parliament was informed today.
"As per the amendment, the Central Civil Services (Pension) Rules are not applicable to the government employees appointed after December 31, 2003," said Minister of State for Finance Jayant Sinha in a written reply to Rajya Sabha.
On introduction of NPS from January 1, 2004, the rules governing gratuity was changed, he said.

However, the benefit of death or retirement gratuity had been extended to the central government servants, covered by New Pension Scheme on provisional basis from May 5, 2009, he added.
"This was in respect of Central government employees covered by NPS in cases where a government servant is retired on invalidation not attributable to government duty, death in service not attributable to government duty; where government servant is discharged from service due to disease or injury attributable to duty and death in service," he said.
In another reply, Sinha said Pension Fund and Regulatory and Development Authority has decided to facilitate offering eNPS through validation of PAN card details and KYC confirmation from the bank for the bank account of an active users.
Replying to another question, he said there has been a reduction in amount of inflows on account of borrowing from overseas in the form of external commercial borrowings (ECBs) in the recent months.
Indian companies have raised USD 16.2 billion from ECBs between April-November period of the current fiscal as against USD 20.2 billion in the same period last fiscal.
RBI has issued a framework containing guidelines for issuance of rupee denominated bonds overseas in September, he said.
"Under the framework Indian corporates, body corporates Real Estate Investment Trusts and Infrastructure Investment Trusts can issue Rupee denominated bonds overseas up to a maximum of USD 750 million equivalent per annum under the automatic route," he added. PTI

« Last Edit: December 22, 2015, 08:25:44 PM by G.Rathore »

 

GoogleTagged



Good news, REGARDING FAMILY PENSION IN NPS Family Pension for NPS Employees

Started by Gaurav Rathore

Replies: 3
Views: 6275
Last post November 28, 2015, 12:59:46 PM
by sukhbir
News related to Property Details of "A" and "B" Class Employees

Started by rupinderjit

Replies: 3
Views: 4181
Last post December 05, 2015, 07:01:31 PM
by Hannibal
Library : Librarian : Library restorer : Govt Schools

Started by Manveer Kaur

Replies: 66
Views: 12703
Last post October 26, 2016, 12:43:09 AM
by SHANDAL
Entry age in punjab for Govt service is reduced from 38 years to 37 years

Started by Baljit NABHA

Replies: 2
Views: 1872
Last post September 25, 2014, 03:41:22 PM
by anuradha arora
Wakf Board teachers demand parity as Govt teachers

Started by Baljit NABHA

Replies: 1
Views: 157
Last post November 22, 2016, 11:26:27 AM
by Baljit NABHA