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RBI's Young Scholars Award Scheme 2012

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Young Scholars Award Scheme-2012

To encourage learning about the Reserve Bank of India (RBI) among the youth of the country, the RBI conducts a major awareness and sensitization exercise on the role of the Reserve Bank and the banking system across the country. This exercise, ‘RBI Young Scholars Award Scheme’ exposes youngsters to an actual banking and financial environment and inculcates a sense of pride in the selected ones of having had the opportunity to associate themselves with a prestigious organisation, the central bank of the country.

Notification for Launch of 10-Year National Savings Certificate (IX-Issue), 2011 Issued

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Ministry of Finance

Notification for Launch of 10-Year National Savings Certificate (IX-Issue), 2011 Issued

In accordance with the decisions taken by the Government on the basis of the recommendations of the Committee for Comprehensive Review of National Small Savings Fund (NSSF), headed by Smt Shyamala Gopinath, the then Deputy Governor, Reserve Bank of India, Notifications on changes made in various small saving schemes except 10-Year National Savings Certificate, have already been issued on 25th November 2011.
            The Notification for launch of new savings instrument, namely 10-Year National Savings Certificate (IX-Issue), 2011, has been issued today, the 29th November, 2011.
            The major highlights of this scheme are as follows:


CSD : Turnover and Profit of Defence Canteens

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Ministry of Defence

Canteen Stores Department (CSD) : Turnover and Profit of Defence Canteens

PIB: Turnover of Defence Canteens.

Turnover, Profit and Profit distributed to beneficiaries after depositing 50% in Consolidated Fund of India (CFI) of Canteen Stores Department (CSD) during the last three years, year-wise, is as under:-

AICPIN for the month of October 2011

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Ministry of Labour & Employment

All India Consumer Price Index Numbers for Industrial workers on Base 2001=100 for the Month of October, 2011

All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of October, 2011 increased by 1 point and stood at 198 (one hundred & ninety eight) .
During October, 2011, the index recorded maximum increase of 8 points in Darjeeling centre, 7 points in Yamunanagar centre, 6 points each in Hyderabad and Tiruchirapally centres, 5 points in 5 centres, 4 points in 7 centres, 3 points in 14 centres, 2 points in 18 centres and 1 point in 19 centres. The index decreased by 3 points in Mysore centre, 2 points each in Ernakulam, Lucknow, Kolkata and Guwahati centres and 1 point in Mundakkayam centre, while in the remaining 5 centres the index remained stationary.

Tax Exemption on Central Police Canteen (CPC) Sales

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Ministry of Home Affairs

Tax Exemption on Canteen Sales

The Central Para-Military Forces (CPMF) have sought VAT exemption on canteen sales. Chairman, Welfare And Rehabilitation Board (WARB) has written to the Chief Ministers of all the States and to the Union Territories for seeking exemption of Value Added Tax (VAT) to Central Police Canteen (CPC).

Hon’ble Minister of State for Home Affairs and Home Secretary have also written to all the State Governments and Union Territory Administrations vide letter dated 30/09/2011 and 02/06/2008 for exemption of Value Added Tax (VAT) to Central Police Canteen (CPC). Till date, 12 States/UTs viz. Bihar, Chhattisgarh, Uttarakhand, Manipur, Meghalaya, Haryana, Rajasthan, Jharkhand, Tamilnadu, Orissa, Kerala & Chandigarh have agreed for exemption of VAT on sales of Central Police Canteens.


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C/o AIRF, 4, State Entry Road, New Delhi – 110001


Thousands of State and Central government employees, Railway workers, Defence workers, BSNL, University and School teachers today participated in a massive March to Parliament against the PFRDA Bill and to submit a petition to the Prime Minister to which millions of employees have subscribed their signature. The rally was addressed by the leaders of various organizations of employees and several Members of Parliament.
A seven member delegation consisting of Coms. S K Vyas, (Convenor, Steering Committee) Shiv Gopal Mishra, (General Secretary, AIRF), KKN Kutty, (Secy. General, Confederation of Central Government Employees & Workers)   S.N. Pathak, (President, AIDEF) P. Abhimanyu (General Secretary, BSNLEU) Rajendran (General Secretary, STFI) and Sukomal Sen (Sr. Vice President, AISGEF) met the Hon'ble Prime Minister today along with Com Basudeb Acharya, MP and Com.  Tapan Sen, MP and General Secretary of CITU. The delegation appealed to the Prime Minister to reconsider the government's policy of privatisation of pension funds and withdraw the PFRDA bill which seeks to replace the existing defined benefit Pension Scheme of government employees. The concern and anxiety of the government employees over the financial security in the evening of their life was also brought to the notice of the Prime Minister.


Achievements of DRDO

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Ministry of Defence

Achievements of DRDO


There are 50 laboratories/establishments functioning under Defence Research and Development Organisation (DRDO). There is no proposal before the government to increase their number.

DRDO is primarily engaged in design and development of strategic, complex and security sensitive systems for our Armed Forces. It has developed a number of systems during the last five years. These include missiles; unmanned aerial vehicles; radars; electronic warfare systems; sonars; torpedos; combat vehicles; bridging systems; combat aircraft; sensors; NBC technologies; parachutes; propellants and explosives; detonators; composite materials; fuel cells; antennas; communication systems; low intensity conflict technologies; etc. A large number of DRDO developed systems have been productionised and inducted into Services and many are in the induction stages. The value of these systems comes to about Rs.1,32,000 Cr.

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