Connect with us

News Paper

Prime Minister’s deadline for biometric attendance ends

Published

on

Prime Minister’s deadline for biometric attendance ends

Prime Minister Narendra Modi has forged a reputation as a driven man and time runs out for the country’s bureaucrats to conform to his standards on Saturday as the deadline for new biometric attendance system kicks in.

The electronic system will track whether government officials are showing up for work on time.

What’s more, not only will Big Brother watch ‘babus’, as India’s officialdom is stereotyped, but the public can also keep track of them through a website — attendance.gov.in — that quietly went live at the end of September.

In New Delhi, nearly half of the babus were yet to adopt the new biometric attendance system, leading to the Prime Minister’s Office (PMO) setting October 25 as the deadline for bringing the entire government workforce under the punctuality regime.

The corporate sector took to this system long ago, now, government officials, who are saddled with a reputation of taking it easier than the workforce in the private sector, have to fall in line.

The dashboard of the Biometric Attendance System displays a dynamic, real-time chart of how many people are at work. It is also possible to click through and check when an individual checks in and logs out of the system.

“It all started with the prime minister giving the idea,” said project coordinator Shefali Sushil Dash of India’s National Informatics Centre, the agency for e-government initiatives.

The system is based on the Aadhaar (Foundation) biometric identity card system launched by the last government that now covers 680 million people, and refines a pilot project launched by techno-bureaucrat Ram Sewak Sharma when he was posted in Jharkhand.

Using their Aadhaar numbers, more than 50,000 government workers at 148 government bodies in Delhi have been enrolled in the system. The plan is to double that figure.

Staff can clock in using a fingerprint scan at the entrance of their offices. Top-ranking civil servants can do so, without queuing, with devices attached to their workstations.

Dash said there had been “no complaints” from those enrolled in the scheme that it was intrusive. “This system is meant to make people’s life easier,” she told Reuters.

Based on a straw poll of his sources, Suhaib Ilyasi, editor of Bureaucracy Today — a magazine for and about Indian bureaucrats — said the response was positive.

“People like it even though they have to be punctual,” he said. “Officers are government servants. They should be serving the people. There is no sense of intrusion.”

Keeping the noses of officials to the grindstone is bullish for India, a country where even the most basic bureaucratic task can prove daunting, according to one investor.

“Modi’s view is if I get the little things right, if I get the civil servants to work, to clear files, then I’m 80% of the way there,” said Avinash Vazirani, manager of Jupiter Asset Management’s India fund.

“This is Big Brother stuff but very effective. It’s not just the central government. The state governments are trying to emulate this.”

The Prime Minister’s Office will also take part in the scheme, said Dash, although it was not clear whether Modi would be enrolled.

Continue Reading

News Paper

बीमा पॉलिसी खरीदने के लिए केवाईसी जरूरी, अब क्लेम होगा और अधिक आसान, नहीं होगा कोई फ्रॉड

Published

on

By

Insurance KYC: बीमा नियामक इरडा ने कहा है कि नए बदलाव जीवन बीमा, स्वास्थ्य बीमा (Health Insurance) , वाहन बीमा ( Motor Insurance)और आवास बीमा समेत अन्य बीमा पर पॉलिसी पर भी लागू होंगे।

इरडा ने उपभोक्ताओं को धोखाधड़ी से बचाने और क्लेम को और ज्यादा आसान करने के लिए पॉलिसी खरीदने में केवाईसी दस्तावेज को अनिवार्य कर दिया है। नियामक ने इसके अलावा कई अन्य नियमों में भी बदलाव किया है। बीमा नियामक इरडा ने कहा है कि नए बदलाव जीवन बीमा, स्वास्थ्य बीमा, वाहन बीमा और आवास बीमा समेत अन्य बीमा पर पॉलिसी पर भी लागू होंगे।

बीमा नियामक ने कंपनियों को निर्देश देते हुए कहा है कि बिना केवाईसी दस्तावेजों के किसी भी तरह की पॉलिसी न बेचें। इसके अलावा मौजूदा पॉलिसी में किसी तरह के बदलाव से बचें। मामले से जुड़े सूत्रों का कहना है कि कुछ ग्राहकों ने अपनी बीमा कंपनी और बीमा नियामक से धोखाधड़ी की शिकायतें की हैं।

ठगी बढ़ी तो सख्त हुए नियम

इसके तहत ग्राहकों से टॉपअप कराने, बीमा कवर बढ़ाने समेत कई अन्य फायदों का लालच देकर ठगी करने की कोशिश की गई है। इसके बाद नियामक ने कदम उठाते हुए बीमा पॉलिसी खरीदने के नियमों को सख्त कर दिया है। केवाईसी दस्तावेज में बीमा कंपनी को आधार कार्ड, पैन कार्ड, चुनाव पहचान पत्र, पासपोर्ट, आवास प्रमाण पत्र, रसोई गैस कनेक्शन का बिल या बिजली बिल दे सकते हैं।

मानसिक बीमारी का कवर जरूरी

बीमा नियामक ने एक और अहम कदम उठाते हुए स्वास्थ्य बीमा पॉलिसी से जुड़ी कंपनियों से कहा कि वह हर हाल में स्वास्थ्य बीमा में मानसिक बीमारी का कवर भी जरूर शामिल करें। इसके साथ ही इरडा ने यह भी कहा है कि कंपनियां मानसिक बीमा से जुड़े क्लेम को मना नहीं कर सकती हैं। इसके अलावा नियामक ने ग्राहकों को स्वास्थ्य बीमा पॉलिसी खरीदते समय इस मानसिक बीमा के कवर की गहरी जांच-परख करें।

केवाईसी के फायदे

1. पॉलिसी में बदलाव के नाम पर धोखाधड़ी पर अंकुश लगेगा
2. क्लेम के समय कंपनियां नाम गलत होने का बहाना नहीं कर पाएंगी 3. पॉलिसी फॉर्म में दिए विवरण और केवाईसी में किसी अंतर पर कंपनियां भी जिम्मेदार होंगी

Continue Reading

Government Employees

Modi Government Fixes 8.15% as provident fund Interest Rate For 2022-23

Published

on

By

In March 2022, EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent in 2020-21.

Retirement fund body EPFO (Employees’ Provident Fund Organisation) fixed 8.15 per cent  rate of interest on employees’ provident fund (EPF) deposits for 2022-23 at its meeting today.

In March 2022, EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent in 2020-21.

This was the lowest since 1977-78, when the EPF interest rate stood at 8 per cent.

The Employees’ Provident Fund Organisation’s apex decision-making body Central Board of Trustees (CBT) has decided to provide 8.15 per cent rate of interest on EPF for 2022-23 at its meeting on Tuesday, the Ministry of Labour and Employment said.

The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by CBT in March 2021.

After the CBT’s decision, the interest rate on EPF deposits for 2022-23 will be sent to Ministry of Finance for concurrence.

After the government’s ratification, the interest rate on EPF for 2022-23 will be credited into accounts of over five crore subscribers of EPFO.

EPFO provides the rate of interest only after it is ratified by the government through the finance ministry.

In March 2020, EPFO had lowered the interest rate on provident fund deposits to a seven-year low of 8.5 per cent for 2019-20, from 8.65 per cent provided for 2018-19.

EPFO had provided 8.65 per cent interest rate to its subscribers in 2016-17 and 8.55 per cent in 2017-18. The rate of interest was slightly higher at 8.8 per cent in 2015-16.

The retirement fund body had given 8.75 per cent rate of interest in 2013-14 as well as 2014-15, higher than 8.5 per cent for 2012-13.

The rate of interest was 8.25 per cent in 2011-12. 

Continue Reading

News Paper

AIR INDIA TO GIVE RS. 98 CRORE WORTH SHARES TO ITS EMPLOYEES, CHECK ELIGIBILITY HERE

Published

on

By

Tata-owned airline Air India has introduced an employee share benefit scheme, offering around 98 crore shares or 3 per cent of its equity share capital to permanent employees as part of a stock option scheme. The move aimed at incentivising and improve the performance will benefit around 8,000 employees.

“In accordance with the share purchase agreement signed as part of the disinvestment process, Air India has initiated the Employee Share Benefit Scheme for eligible employees who were in service with the airline on the date of privatisation,” Economic Times quoted a company spokesperson as saying.

With this, Air India will become the second company in the salt-to-steel conglomerate to launch such stock option plan for its staff after automobile major Tata Motors, which rolled out a scheme in 2018. Tatas officially took over the erstwhile national carrier from the Centre on January 27, 2022.

Along with Air India staff, permanent employees of Air India and Air India Express at the time of the takeover will also be eligible to participate in the scheme.

Air India Staff Stock Option

Under the scheme, permanent employees will get the share at a price of 27 paise apiece, as per the document sent to the staff. The price is at a discount compared to the book value of 87-90 paise per share at the time of acquisition, PTI quoted a source as saying.

Worth mentioning here is that employees of the carrier will not personally own any of its shares at any point of time, instead, the shares will be held by a trust. SBI Caps Trustee Company Ltd has been appointed to implement the scheme.

The company has authorised the trust to offer ESB benefits on no more than 3 per cent of the shares of the company purchased by Talace i.e., 97,99,56,600 to the eligible employees from time to time, in one or more tranches, acquired by the trust from Talace for nil monetary consideration.

The trust shall hold the ESB shares to provide the ESB benefit to the eligible employees upon the payment of the aggregate exercise price together with all applicable taxes and amounts. Talace, a subsidiary of Tata Sons, acquired Air India, Air India Express and the government’s 50 per cent stake in Air India SATS Airport Services Pvt Ltd.

The fair market value (FMV) will be calculated every year by July 15 and employees will be able to encash their shares.

Any eligible employee retiring on or after January 27, 2022, will be deemed to be an eligible employee and will be entitled to the benefits in accordance with and subject to the terms of this scheme.

ESOP scheme in other airlines

Other Indian airlines and Air India’s competitors like IndiGo and SpiceJet have also implemented ESOP policies. Low-budget airline IndiGo allotted shares to its top management in its early days, making most of them millionaires when it listed on the stock exchanges in 2015 at a price of Rs 765 a share.

Continue Reading
Advertisement

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.