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Safefuards in New Banking Licence Norms

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Reserve Bank of India (RBI) issued guidelines for setting up new banks in the private sector vide Press Release dated 22.02.2013. The last date for receipt of applications was 01.07.2013. In all, RBI has received 26 (twenty six) applications. At the first stage, the applications will be screened by RBI to ensure prima facie eligibility of the applicants, including the assessment of ‘fit and proper’ status of applicants. Thereafter, the applications will be referred to a High Level Advisory Committee to be set up by RBI. In view of the processes involved, it is expected to issue ‘in-principle’ approvals for new banks by the first quarter of 2014. The safeguards and prudential regulations which have been put in place in the guidelines for the new bank, the parent Non-Operative Financial Holding Company (NOFHC) and the consolidated bank to serve as adequate safeguards to deal with conflict of interest situations, inter-alia, include ‘fit and proper’ criteria; corporate structure o...
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AAdhar as proof of address---DoP reiterates its earlier order

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Demand for VII th Pay Commission-Rajya Sabha Reply

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GOVERNMENT OF INDIA MINISTRY OF RAILWAYS RAJYA SABHA UNSTARRED QUESTION NO-1704 ANSWERED ON- 23.08.2013 Demand for new National Pay Commission Will the Minister of RAILWAYS be pleased to satate :- 1704 . SHRI D. RAJA (a) whether it is a fact that all Railway trade unions have threatened to go on a general strike if their demand for a new National Pay Commission is not announced within a period of four months; and (b) if so, the details thereof and Government’s reaction thereto? ANSWER   MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI KOTLA JAYA SURYA PRAKASH REDDY) (a) and (b): There are two recognized staff Federations on Railways. Both the Federations have made numerous demands concerning various service matters of railway employees like pay and allowances, promotion and pension. While one of the Federations have indicated that if their grievances are not resolved in a time bound programme, the Federation would be compelled to conduct stri...
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Transfers & Postings of Managers of MMS

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Consumer forum imposes fine of 5000 on chief post master for deficiency of service

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KANPUR : The Consumer Protection Forum , KanpurNagar , on Friday ordered chief post master, KanpurNagar , to pay Rs 5,000 to complainant within 30 days of the order for deficiency of service. Complainant Ashok Kumar Pandey had moved the Forum claiming that he lost an opportunity to land a job and earn his bread and butter owing to the deficiency of service. His application form for a job in Barrage NirmanKhand-II , irrigation department, Phoolbagh , was rejected due to delayed delivery. In his petition, Pandey claimed that he was unemployed and had applied against an advertisement of the above job. The last date of submission of form was February 18, 2009 and he had sent his form through speed post on February 16. Pandey claimed that his application form reached the irrigation department on February 20 and was not entertained. The postal department returned his form with a note of refusal. The claimant sought Rs 50,000 from the postal department as damages for not deliveri...
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Civil Services Examination – Changes approved by the Government vide Notification dated 25th March, 2013 for CSE, 2013

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GOVERNMENT OF INDIA MINISTRY OF PERSONNEL,PUBLIC GRIEVANCES AND PENSIONS RAJYA SABHA UNSTARRED QUESTION NO-1462 ANSWERED ON-22.08.2013 Changes in Civil Service Examination 1462 . SHRI RASHEED MASOOD (a) whether Government has given approval to make changes in Civil Service Examination; (b) if so, the details of changes made therein; and (c) whether essential paper of English language has been dropped and if not, the reasons therefor? ANSWER Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office. (SHRI V. NARAYANASAMY) (a): Yes, sir. (b): The details of the changes are given in Annexure to this reply. (c): No, Sir. English language continues to be an essential paper of qualifying nature of matriculation level, as before. ANNEXURE Item No. System applicable upto CSE-2012 Changes approved by the Government vide Notification dated 25th ...
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DISCUSSIONS ON THE PENDING JCM SUBJECTS IN THE JCM (DC) STANDING COMMITTEE MEETING HELD IN 23.08.2013

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The standing committee meeting of JCM (DC) was held on 23.08.2013 under the chairmanship of Member (O) to discuss the pending items of the last JCM (DC). Com. K. V. Sridharan, Leader Staff side, Com. Giriraj Singh, Secretary Staff Side, Com. M. Krishnan, Secretary General NFPE Com. D. Theagarajan, Secretary General FNPO represented the staff side. Com. Ishwar Singh Dabas, General Secretary, P4 NFPE, Com. T. N. Rahate General Secretary P4, FNPO were also present to discuss the postmen related issues.       The following are the decision in respect of important items. . 1.   A new chairperson will be nominated with in a fortnight for further continuance of cadre restructuring proposal. A meeting with the staff side will be held within one month. . 2.   The case of System Assistant will be looked into by the cadre review committee. The uniform duties and other ten demands pertaining to system administrators will be discussed in the same com...
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