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Several relaxations brought in GP fund rules

New Delhi, March 20 (UNI) In a major relief for government employees, the Ministry of Personnel, Public Grievances and Pensions has announced that for withdrawing GP Fund a simple declaration by the employee would be sufficient now onwards where in previous days requirement of documentary proof was necessary.
According to the MoS in PMO, Personnel, Public Grievances, Pensions Dr Jitendra Singh, the liberalization in the GPF provisions was essentially meant to bring in ease of procedures, especially for activities like house building, education of children etc., thus making the rules more employee-friendly.
He said that the existing GP Fund (Central Service) Rules came into force way back in 1960 and even though certain amendments have been made from time to time to address the concerns raised, it was felt to be the need of the hour to bring in some more changes for the convenience of the Government employees.
Similarly, the minimum time limit for sanction and payment of GP Fund withdrawal would not be more than 15 days and in case of an emergency like illness, etc., it could only be 7 days.
Dr Jitender Singh said the limit of withdrawal also has been increased. Now the withdrawal for housing can be up to 90% of the balance at credit and withdrawal for purchase of vehicle could be up to three fourth of the balance at credit.
Dr Singh said, the Government expected its employees to work with full dedication, sincerity and diligence, but at the same time, it was also always seriously considering various means and provisions to provide them with a work-friendly environment and socio-economic stability, so that they may put in their best without any unnecessary distraction.
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Idea Cellular raises Rs 3,500 crore through QIP placement

24 Feb 2018 | 1:52 PM

Mumbai, Feb 24 (UNI) Idea Cellular a AV Birla group company and
provides Global System for Mobile communications (GSM)-based
wireless service at the pan-India level said that company has
successfully closed a Qualified Institutions Placement (QIP) to
raise Rs 3,500 crore.

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Sensex rises by 131.39 points on firm global cues.

Sensex rises by 131.39 points on firm global cues.

24 Feb 2018 | 1:25 PM

Mumbai, Feb 24 (UNI) The Bemch Mark Index of the Bombay Stock Exchange (BSE) rose 131 point 39 points or 0.38 percent to settle at 34,142.15 in the week under review as recovery materialized towards the end of the week supported by firm global stocks.

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Kottayam-Kochi Rubber Market Rates

24 Feb 2018 | 1:06 PM

Kottayam, Feb 24 (UNI) Following were the Rubber Market rates
announced by the Rubber Board here today per quintal

KOTTAYAM

RSS FOUR Rs 12400
RSS FIVE Rs 12100

KOCHI

RSS FOUR Rs.

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Sadbhav Engineering Ltd declared L1 by NHAI for road project in UP

Sadbhav Engineering Ltd declared L1 by NHAI for road project in UP

24 Feb 2018 | 1:01 PM

Mumbai, Feb 24 (UNI) Sadbhav Engineering Ltd said that company has
been declared the successful bidder (L1) by National Highway
Authority of India (NHAI) for the project/works on EPC Mode.

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Wholesale prices of Oils, Sugar, Commodities in APMC Market

24 Feb 2018 | 1:00 PM

Bengaluru, Feb 24(UNI) Following were the wholesale prices in the Bengaluru market on Saturday.

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