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Wednesday, August 16, 2017

Hike in constant attendant allowance for retired employees: Government

The constant attendant allowance given to a retired employee has increased to Rs 6,750 per month from the existing Rs 4,500, states an official order issued recently. 

The allowance is sanctioned if, in the opinion of a competent medical authority, a 100 per cent disabled retired employee needs the services of a constant attendant for at least three months. 

The move to increase the allowance comes after the recommendation of the seventh Central Pay Commission. 

Accordingly, the allowance has been hiked from Rs 4,500 to Rs 6,750 per month, said the order issued by the Ministry of Personnel, Public Grievances and Pensions. 

The order will be applicable from July 1, 2017, it said. 


Source:-The Economic Times

Wednesday, August 9, 2017

Denial of benefit over lack of Aadhaar is breach of norms

New Delhi, Aug 9 (PTI) Denial of government benefits because of lack of Aadhaar or problems in its authentication is violation of norms and the violators should be punished, UIDAI CEO Ajay Bhushan Pandey said today.

The Unique Identification Authority of India (UIDAI) -- the agency responsible for issuing the 12-digit number -- termed the assertion by some activists who doubted Aadhaar removing bogus beneficiaries as "distorted".

It went on to term the activists' claims targeting Aadhaar as statements made with "malafide intent".

"Their inferences arise from a skewed approach and draws misconstrued interpretations to pass off incorrect assumptions on Aadhaar," Pandey said in an e-mailed statement.

He termed Aadhaar as a technology for people's empowerment and not as a tool for exclusion or denial.

Stating that so far over 116 crore people have the 12- digit unique identification number and almost 99 per cent adults have been covered under it, Pandey said the Aadhaar Act itself "mandates that not even one person be denied of benefits for the lack of Aadhaar".

He said regulations too cast a "responsibility" on the agency requiring the identification number to enrol its beneficiary and provide the individual with benefits till the person is given Aadhaar.

The Act also provides for statutory protection to those who are unable to authenticate because of worn-out fingerprints or other reasons such as technical faults.

Pandey clarified that in case a person has difficulty in getting fingerprints authenticated on a machine, he and she has the option to provide a copy of the Aadhaar card and can receive the benefits till the system is rectified.

"The field agencies have been accordingly instructed through the notifications issued by the government. In spite of this, if a person is denied because he does not have Aadhaar or he is unable to biometrically authenticate, it is undisputedly a violation of instructions issued by the government and such violators have to be punished," he said.

To claim that Aadhaar is responsible for denial of benefits is nothing but a "misconstrued fact presented with malafide intent", he said.

"... such denial-related offences at the local level have to be dealt by local law enforcements," Pandey pointed out.

Asserting that distribution of benefits through Aadhaar authentication makes it harder to fudge records and deny genuine beneficiaries, he pointed out that overall the system brings greater accountability and empowerment as it makes impersonation and denial of rights more difficult.

Tuesday, August 8, 2017

Axis Bank cuts interest rate on savings bank account


MUMBAI: Private sector lender Axis Bank today reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent for deposits up to Rs 50 lakh. 

However, the bank will continue to pay 4 per cent interest on deposits of above Rs 50 lakh. 

Axis Bank is the fourth lender to reduce the interest rate after market leader State Bank of India (SBI) begun the process of reducing interest rate on savings bank account. 

"... the bank has revised the interest rate downward on Savings Account balance by 50 bps to 3.50 per cent per annum on balance of up to Rs 50 lakh," Axis Bank said in a regulatory filing. 

The new interest rates will be effective from today, it added. 


On July 31, SBI slashed interest rate on savings account deposits by 50 basis points to 3.5 per cent on balance of Rs 1 crore and below. 


Axis Bank shares closed at Rs 499.30 apiece on BSE, down 1.32 per cent. 

Another PSU lender Bank of Baroda had cut the rate to 3.5 per cent on deposits of up to Rs 50 lakh. Karnataka Banktoo had tweaked the interest rate on savings bank accounts.

Source:-The Economic Times


Justice Dipak Misra to be next Chief Justice of India

Justice Dipak Mishra will be the next Chief Justice of India.
The Union government on Tuesday appointed Justice Dipak Misra as the next Chief Justice of India.



He will be replacing incumbent Justice J S Khehar, who is set to retire on August 27. It was Khehar who had recommended Misra's name to succeed him as the next Chief Justice of India.

Justice Misra will be sworn in as the 45th Chief Justice of India by President Ram Nath Kovind on August 27.



The 63-year-old CJI-designate is the senior-most judge of the Supreme Courtafter Justice Khehar. He will be the third person from Odisha to be appointed the Chief Justice of India, after Justices Ranganath Misra and G B Pattanaik.

Source:-The Times of India