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Sunday, November 02, 2008

VIGILANCE AWARNESS WEEK - 2008

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The Central Vigilance Commission has decided that this year, the Vigilance Awareness Week would be observed by all the organixations, falling within the advisory jurisdiction of the commission, from November 3 to November 7 - 2008 The observance of the vigilance awareness week should commence with the pledge on November 3,2008 at 11.00 a.m.


PLEDGE WE, THE PUBLIC SERVANTS OF INDIA, DO HEREBY SOLEMNLY PLEDGE THAT WE SHALL CONTINUOUSLY STRIVE TO BRING ABOUT INTEGRITY AND TRANSPARENCY IN ALL SPHERES OF OUR ACTIVITIES. WE ALSO PLEDGE THAT WE SHALL WORK UNSTINTINGLY FOR ERADICATION OF CORRUPTION IN ALL SPHERES OF LIFE. 


WE SHALL REMAIN VIGILANT AND WORK TOWARDS THE GROWTH AND REPUTATION OF OUR ORGANISATION. THROUGH OUR COLLECTIVE EFFORTS, WE SHALL BRING PRIDE TO OUR ORGANISATIONS AND PROVIDE VALUE BASED SERVICE OT OUR COUNTRYMEN. WE SHALL DO OUR DUTY CONSCIENTIOUSLY AND ACT WITHOUT FEAR OR FAVOUR.



Compulsory Military Training to CG Employees

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The compulsory military training to central government employees


To provide for compulsory military training to every government employee at the time of appointment. Undergo compulsory military training for two to five years from the day of his appointment to service And devote minimum three hours daily out of his duty hours to get such military training.


After successful completion of the training every government employee shll be given a certificate by the military authority. The service of the trained employee shall be utilized to fight terrorism and criminal activities in such manner as may be prescribed.

SBI turns SB a/c to FDs without nod

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Salary account changed to FD’s without consent 


 Employees of the Central Government (Particularly in Central Intelligence Agency - Kolkata), who have received their Pay Commission arrears, where mortified when they discovered that SBI’s branches was not reflecting this money in their salary cum savings accounts when they went to withdraw money from ATM’s. 


 On making further enquiries, they found to their dismay that Pay Commission arrears of most of employees had been converted into Fixed Deposists in their names under SBI’s Multi Option Deposit Scheme (MOD) which functions a savings cum fixed deposit account where withdraw can only be made in units of Rs. 1000


 The bank officials said that we don’t understand what their problems is, since a MOD yields a higher rate of interest than a normal savings account where the interest is just 3.5%.



Housing Loan Interest may come down..!

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“U” Turn in Interest Rates..! 


Housing Loan Interest may come down 


Every employee is expecting the rate of interest for Housing Loan will be reduce and EMI will stop at this level. 


RBI CUTS CRR & SLR BY 1% RBI CUTS CRR & SLR BY 1% EACH Banks allowed access to special refinance at STEPS & IMPACT 7.5% for 90 days and borrow against gilts for onlending to finance companies.


The Reverse Bank of India (RBI) may consider cutting its lending rate further, following a dip in inflation which will all but neutralize the effect of the Fed rate cut in India. The rupee’s movement has been highly volatile over the past few weeks. The rupee has lost over 21% against the dollar in the year and touched a record low of 50.29 last week. 


There is a strong possibility of a rate cut in India as well. Infaltion has started coming down and at the same time, Cash conditions seem to be going through a strain again, because of the constant intervention by RBI in the forex market. Whether the situation will result in a cut in the repo rate or CRR remains to be seen…!





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