Fresh empanelment of private hospitals and revision of package rates applicable under CGHS, Mumbai - Clarification regarding

Government of India
Ministry of Health and Family Welfare
Department of Health & Family Welfare
Nirman Bhawan, New Delhi 110 108

No:S.110011/23/2009-CGHS D.II/Hospital Cell (Part I)

Dated 28/08/2011

OFFICE MEMORANDUM

Subject: Fresh empanelment of private hospitals and revision of package rates applicable under CGHS, Mumbai - Clarification regarding.

The undersigned is directed to invite reference to the Office Memorandum of even number dated 1st September, 2011 on the above subject, vide which inter alia revised package rates applicable under CGHS, Mumbai were notified and to state that that in response to serveral representations received by this Ministry with requests for correction of typographical and other anomalies in the notified rates, the rates earlier notified for empanelment for empanelled hospitals under CGHS, Mumbai have now been reviewed.

2. Accordingly, a corrected list of package rates applicable for empanelled hospitals under CGHS, Mumbai is enclosed.

Click here to continue...

Guidelines to Streamline Pension Payment Issued; Banks Advised to Formulate Pension Friendly Measures

Ministry of Finance

Guidelines to Streamline Pension Payment Issued; Banks Advised to Formulate Pension Friendly Measures

Guidelines regarding dealing with pension related matters have been issued by Reserve Bank of India (RBI) vide their circular dated 1.10.2008. These guidelines, inter-alia, stipulate that to streamline pension payment arranged in banks, it would be necessary to establish and operationalise the Central Pension Processing Centers (CPPCs) at an early date. The arrangement of disbursement of pension through the CPPCs would entail following advantages:

A centralized pension cell in a bank would be in a position to; (a) focus exclusively on pension matters; (b) acquire expertise in payment and calculation matters; (c) interact as a single window with the Government Departments; and (d) ensure accuracy and speedy payments every month and thus avoid innumerable complaints from the pensioner.

Further banks have also been advised to formulate following pensioner friendly measures:-

Click here to continue...

Modification in PPF Scheme

Ministry of Finance

Modification in PPF Scheme : Deposit Limit Raised from Rs. 70,000 to Rs. One Lac while Rate of Interest on Advances Against Deposits in PPF Scheme Raised from 1% to 2 Percentage Points

The Committee on Comprehensive Review of National Small Savings Fund (NSSF) headed by Deputy Governor, RBI has recommended revision of certain provisions of PPF Scheme, 1968 and benchmarking of interest rates on various small savings schemes with the secondary market yields on Central Government securities of comparable maturities with suitable spread.

The Committee has recommended increasing the deposit limit under PPF Scheme from existing Rs. 70,000 to Rs. 1 lakh per annum and fixing of rate of interest on advances against deposits in PPF scheme at 2 percentage points as against the prevailing interest rate on such advances at 1%.

Click here to continue...

Cabinet Committee to decide on additional dearness allowance hike tomorrow, 8th September 2011

Cabinet Committee to decide on additional dearness allowance hike tomorrow, 8th September 2011

The Union Cabinet Committee  tomorrow may decide on raising additional dearness allowance to central government employees, official sources said.

The Union Cabinet Committee likely to approve the second additional instalment of 7% dearness allowance for this year to Central Government employees and dearness relief to Central Government pensioners due from 1.7.2011.

Click here to continue...

Levy of Penalty on Foreclosure of Home Loans

Ministry of Finance

Levy of Penalty on Foreclosure of Home Loans

Government, in May 2010, advised Public Sector Banks, Indian Banks’ Association and National Housing Bank that no pre-payment charges may be levied by the lending institutions when the loan amount is paid by the borrowers out of their own funds; and if any pre-payment charges are to be imposed on housing loans, the same need to be reasonable and transparent and not out of line with the average cost of providing these services.

The Public Sector Banks (PSBs) have reported that by and large they do not levy any pre-payment charges when the amount is paid by the borrowers from their own sources.

In general, own funds means funds generated through ‘own sources’ and not through borrowings by any lender. Prepayment of loan by a borrower can take place on account of (i) takeover of his / her loan by other lender, and (ii) out of their own sources. In the first case, the borrower often gets their existing loan refinanced by other lender, if the interest rate offered by other lending institution in the market was lower and attractive.

Click here to continue...