Monday, Jun 25 2018 | Time 13:26 Hrs(IST)
image
image
  • Europe's banks, autos stocks sink as trade dispute deepens
  • Explosion rocks Muzaffarnagar: 4 killed, 3 injured
  • Monsoon rains affect life in Kolkata and major parts of Bengal
  • Governor review meetings : DMK stages walk out from TN Assembly
  • Jaitley compares Indira with Hitler, says most Editors gave in during Emergency
  • Mirwaiz, Geelani under house arrest, Malik detained in Srinagar
  • Heavy rains claim 3 lives in Mumbai, Thane
  • SF launch CASO at two places in Pulwama
  • India denies lowering export quota of essential commodities to Maldives
  • UN chief condemns explosion at election rally in Zimbabwe
  • End of driving ban in Saudi will create more opps for women: UN chief
  • Clashes in Nigeria b/w farmers and herders leave 86 dead
  • Turkey election: Erdogan wins re-election as president
  • Amit Shah lashes out at Congress for imposing Emergency in 1975
  • Eight held for assaulting two in Assam village
Business Economy Share

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.
UNI MKS SHK 2229
More News

Blue Star to target 3500 retail outlets in Financial Year 18-19

25 Jun 2018 | 12:55 PM

Panaji, Jun 25 (UNI) Blue Star has expanded its range of stylish and differentiated residential water purifiers with a unique ‘Immuno Boost Technology’ to target 3500 retail outlets in Financial Year 2018-19.

 Sharesee more..
Sensex down by 89 40 pts

Sensex down by 89 40 pts

25 Jun 2018 | 12:30 PM

Mumbai, Jun 25 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Monday slipped by 89.40 points to 35,595.84 on profit booking by local operators at higher level.

 Sharesee more..
Rupee opens weak by 7 paise against USD

Rupee opens weak by 7 paise against USD

25 Jun 2018 | 12:17 PM

Mumbai, June 25 (UNI) The Rupee on Monday slipped by seven paise to 67.

 Sharesee more..

Chennai Oil Market Rates

25 Jun 2018 | 11:33 AM

Chennai, Jun 25 (UNI) Following are the rates in the
Chennai Oil Market here today.

 Sharesee more..

Bullion Market Opening Rates

25 Jun 2018 | 10:58 AM

Chennai, Jun 25 (UNI) Following is the bullion
markets opening rate here today.

 Sharesee more..
image