INCREASED D.A. FOR FEBRUARY,MARCH & APRIL, 2011

Dear Friends,

All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for December, 2010 increased by three points and stood at 185 (one hundred and eighty five). THEREBY A NET OF D.A. 25 SLABS HAVE BEEN INCREASED.  THIS INCREASE IS EFFECTIVE FROM FEB.,2011 AND ONWARDS & UPTO APRIL,2011.


The All-India (General) point to point rate of inflation for December, 2010 is 9.47% as compared to 8.33% in November 2010. Inflation based on Food Index is 7.98% in December 2010 as compared to 5.35% in November 2010.  ----Editor.

INCREASE OF SURETY LOAN -NIA EMP.CO-OP-THRIFT & CREDIT SOCIETY LTD., NO.X-413, CHENNAI

Dear Friends,

We have been receiving enquiries on the captioned matter from various corners of the State. For information of all members of the Society, we reproduce here under the contents of society Circular NO.92/2010-2011 DATED:18-12-2010. Ofcourse, this circular has been already sent to all Operating offices under Hyderabad /Vizag Regions by the society directly in the 3rd week of December, 2010.

Contents:

"" TO ALL MEMBERS,

The Board of Directors at their meeting held on 18-12-2010 have decided to increase the Surety Loan quantum as detailed below:

Surety Loan increased from Rs.3,00,000/- to Rs.4,00,000/- and the same will be sanctioned at 25 times the Baisc Pay plus D.A. of the members salary or Rs.4,00,000/- whichever is less.  These reivions shall take effect from 20th December, 2010.

On account of enhancement of loan, the Boad of Directors have decided to ensure strict compliance of the Circular dated 03/04/2003 regarding adequacy of net salary as basic condition for sanction of loan. Hence, members are once again requested to submit Surety Loan application along with xerox copy of Latest Salary Slip Certified in addition to Signature of Pay Disbursing Officer in the application form from respective Offices Regional Accountant/Divisional Accountant/Office In-charge.

Members are  also requested to mention clearly about the amount of Loan required in column No.8 of the Loan application (Maximum / Net Amount).

With Regards,

Sd/-xx xx xx

V. JOSEPH DASS

MANAGING DIRECTOR ""

With Warm Greetings,

Yours-in-Service,

T. GOPALAKRISHNA       CH. KANTHA RAO

VICE-PRESIDENT                 DIRECTOR

   SOCIETY                    SOCIETY

COs to disclose Unclaimed Amount of Policy holders - News item

Insurance Regulatory and Development Authority (IRDA) has directed Insurance companies to disclose "UNCLAIMED AMOUNT" of policy holders separately under "Current Liabilities" in their Balance Sheets and also disclose its agewise analysis.

These unclaimed amounts, IRDA has instructed insurers, "will not be appropriated / written back, under any circumstances."

The background is that the quantum of the amount lying with companies unclaimed by the policy holders/insureds is accumulating on year on year basis.

These amounts may be due to:

• Claims settled but not paid to the policy holders/ insureds due to any reason except litigation by the insured / policy holder.
• Sum due to the insured / policy holders on maturity or otherwise.
• Any excess collection of the premium / tax or any other charges refundable to the policy holders either under the policy or as per law or as directed by the Authority but not refunded so far.
• Payments made but not encashed by the policy holders / insured.

....... SOURCE: Premium Magazine, December, 2010.

NEW INDIA WARNED FOR HIGH EXPENSES - NEWS ITEM

IRDA has warned The New India Assurance Company for contravening the provisions of Section 40 C of the Insurance Act, 1938, read with Rule 17E of the Insurance Rules 1939, that specify a limit for Expenses of Management of an insurance company.

IRDA has said that the Company has exceeded the expenses ratio as per this section ineach financial year, from 2004-05 to 2009-10.

The Company has attributed the expenses over run to accounting of salary arrears for the previous year and actuarial liability, but IRDA has said that there was no acceptable justification given by the Company for this breach and has warned the Company to bring the expenses down in line with the prescriptions under the Act.

--- Source: Premium Magazine, December, 2010.

CHENNAI COURT CASE - PARA 13.2

Dear Friends,

We learnt from our Chennai Friends that due to obvious reasons judgement did not pronounced on 19.01.2011 and expected only in the next week. This is for your information, please.

With Regards,
Yours-in Service,
GICEU-AP

PROVIDENT FUND INTEREST RATE - NEWS ITEM

Labour and Employment Minister Mallikarjun Khargewho is also Chairman for CBT is hopeful that his Ministy would be able to persuade the Finance Ministry to give its nod for the decision of the Cental Board of Trustees (CBT) to incease the rate of interest on Employees Provident Fund (EPF) from 8.5 to 9.5 per cent for 2010-11.

This would be benefit over 4.4 Crore PF Subscibers in the country. .

Source from Labour Minsitry Officials: The Officials said "We stand by our calculation and the decision to hike the interest rate by 1 % . The first such move since 2005-06, it was taken by the CBT on September 15, 2010, after analysing the figures and after getting satisfied that the surplus of Rs.1,731 crores in the Interest Suspense Account could be utilised for paying the additional interest rate. The increased interest rate will cost the Employees Provident Organisation (EP-FO) an additional Rs.1700 Crore."  


The basic objetion of the Finance Ministry was how the EPFO could manage and sustain a huge increase of additional money involved for paying the new interest rate

PARA 13.2 - CHENNAI COURT CASE- PROMOTIONAL EXERCISE-2010

DEAR FRIENDS,

OUR CHENNAIH OFFICE BEARERS INFORMED US JUST NOW THAT THE ARGUMENTS IN RESPECT OF SAID CASE ARE OVER.  IT IS LEARNT THAT THE JUDGEMENT IS RESERVED AND LIKELY TO BE PRONOUNCED POSITIVELY TOMORROW I.E 19TH JANUARY, 2011.

THIS IS FOR YOUR INFORMATION.

WITH WARM GREETINGS,

YOURS-IN-SERVICE,

M. HANUMANTHA RAO         T. GOPALAKRISHNA

                                 PRESIDENT                    GENERAL SECRETARY

TRUST THE HAND THAT GIVES

Dear Friends,

A slave had served his Master faithfully for years. So diligent was he that the Master rewarded him by taking him along on a tour of the Amazon jungles. They camped at night and walked, exploring nature’s pristine beauty, during the day. The loyal slave never failed in his duty to his Master even though the trip was his reward. He would feed his Master, make his bed and keep him warm at nights by stoking the bonfire.
Impressed further by his service, one day at lunch time, when they both spotted a big, exquisite, colorful fruit, the Master insisted that the slave have the fruit first. When the slave was shy to take up his offer, the Master said, “My dear son, you have served me well. Go on, eat this rare fruit first, and give me a small portion at the end.” The slave reluctantly agreed. And had a go at the juicy fruit. As he devoured the first few slices, the Master asked him how it was. And the slave replied: “Extra-delicious”. A few more slices later, the Master again asked him how it was and the slave gave the same reply. Big fruit that it was, larger than a pumpkin, the Master got the same reply time after time. Soon, more than three-fourths of the fruit had been eaten by the slave and the Master began to worry that he would not get to taste it. “Slaves will be slaves,” he thought, “Selfish and greedy.” Losing his patience finally, the Master snatched the last slice from the slave and bit into it. He shrieked in horror throwing the slice away. It was the bitterest fruit he had ever tasted in all his life.
He looked at his slave in dismay and asked him: “But didn’t you say it was extra-delicious? Didn’t you seem to be enjoying it? How and why, my son? Explain.” “Master,” replied the slave, “All my life you have looked after me. Whatever you have given me has only enriched my life. So, when you gave me this fruit to eat, its bitter taste.

"Friends, no doubt one has to trust the hand that gives us everything in our life - i.e. GOD."
..... Editor

15th January, 2011 - ARMY DAY

Dear Viewers,

All members of GIC EMPLOYEE'S UNION and NFGIE Salutes the Indomittable Spirit of India.

The Indian Army celebrates its 62nd  Aniversary on January 15, 2011 as Army Day by dedicating itself as a part of the "War Winninig Team" that defends our borders. 

The day begins with paying homage to the martyred soliders at the Amar Jawan Jyothi, Inda Gate, New Delhi followed by parades and military shows.  Unit credentials and Sena Medals are also presented onthe occasion.  

Today, let us pay "Tributes" to the INDOMITABLE SPIRIT of the Indian Armed Forces. We alway bank on them to protect us

With  Regards,

M.HANUMANTHA RAO     T. GOPALA KRISHNA

                                PRESIDENT                GENERAL SECRETARY

PONGAL GREETINGS

DEAR VIEWERS,

WE WISH ALLTHE VIEWERS, MEMBERS OF THE ORGANISATION AND WELWISHERS ....

WITH SEASONS GREETINGS

YOURS-IN-SERVICE,

M. HANUMANTHA RAO   T. GOPALA KRISHNA

                                PRESIDENT             GENERAL SECRETARY   

PROMOTIONS TO THE CADRE OF SR. ASSISTANT - PROMOTIONAL EXERCISE-2010

DEAR FRIENDS,

WE ARE PLEASED TO INFORM YOU THAT THE NEW INDIA MANAGEMENT HAS JUST DECLARED THE PRMOTIONAL LIST FOR BOTH HYDERABAD AND VIZAG REGIONS

1. K. M. KOTESWARA RAO, VIJAYAWADA
2. MAHESH, HYDERABAD
3. MS. R. RADHIKA, VIZIANAGARAM
4. J. A. GOPALA KRISHNA, VIJAYAWADA
5. MRS. T.BHAVANI, HYDERABAD
6. G. SRINIVASA RAO, HYDERABAD
7. MRS. K. PADMA, PARKLANE, HYDERABAD
8. RAJESWARA MURTHY, MANDAPAET BR.
9. T.. PRABHAKAR, SAMARLAKOTA
10. T. GOPALA KRISHNA, HYDERABAD RO TP CELL
11. M. SRINIVASA RAO, ONGOLE DO
12. T.SWARNALATHA, CLAIMS HUB VIZAG RO
13. T. VENKATESWARLU, GUNTUR
14. RAMULU NAIK, CHILAKALURIPET

HEARTY CONGRATULATIONS ALL THE PROMOTEE EMPLOYEES.

WITHWARM GREETINGS,

YOURS-IN-SERVICE,

M. HANUMANTHA RAO          T. GOPLAKRISHNA

                                PRESIDENT                 GENERAL SECRETARY

CHENNAI HIGH COURT CASE STAY VACATED- PARA 13.2 PROMOTIONAL EXERCISE-2010

DEAR FRIENDS,

IT IS TO INFORM YOU ALL THAT CHENNAI HIGH COURT HAS VACATED THE STAY GRANTED TO PARA 13.2 PROMOTIONAL EXERCISE FOR THE YEAR 2010. ADVISED THE NEW INDIA ASSURANCE MANAGEMENT TO INTERVIEW ALL EXAM PASSED SC / ST - 15 CANDIDATES , INSTEAD OF 1:5 FORMULA AS PER PROMOTIONAL POLICY GUIUDELINES.  FURTHER DETAILS FOLLOWS.

THIS IS FOR YOUR INFORMATION.

WITH WARM GREETINGS,

YOURS-IN-SERVICE,

M. HANUMANTHA RAO      T. GOPALA KRISHNA

                                PRESIDENT                GENERAL SECRETARY

CHENNAI HIGH COURT CASE - PARA 13.2 PROMOTIONS - PROMOTIONAL EXERCISE-2010

DEAR FRIENDS,

WE HAVE RECEIVED A COMMUNICATION FROM OUR CHENNAI REGION UNION OFFICE BEARER, SHRI BADARINATH, THAT THE  ABOVE CASE AS REGISTERED WITH W.P. NO.23338/2010, CONNECTED APPLICATION NO.1/2010 IN THE SAID W.P. THE CASE (SERVICE MATTERS)WILL LIKELY TO COME UP FOR HEARING POSITIVELY ON 11TH JANUARY, 2011 .  THE PETITIONER ADVOCATE NAME IS. MR. T. SUSINDRAN  AND COMPANY'S ADVOCATE IS MR. P. SUKUMAR.

THIS IS FOR YOUR INFORMATION. FURTHER DEVELOPMENTS WILL BE COMMUNICATED THROUGH THIS BLOG AND SMS. 

WITH REGARDS,

YOURS-IN-SERVICE,

M. HANUMANTHA RAO       T. GOPALAKRISHNA

            PRESIDENT                GENERAL SECRETARY

GENL. INSC. EMPLOYEES' CO-OP.THRIFT & CREDIT SOCIETY LTD., GUNTUR, A.P. -- FLASH NEWS

DEAR FRIENDS,

The following information has received from the Guntur Society President, Mr. J. Srinivas.

Decisions taken by General Body of Guntur Society

The following are the salient features of General Body Meeting of our Guntur GIE Co.op.Thrift & Credit Society Limited lead by our Guntur Unit Secretary Mr. J. Srinivas, the President, Mr. C. Prabhu Doss, the Treasurer and Mr. S. Ravindranath, the Director.

1. The GB has given approval to take L.I.C.Group Policy for SA of Rs.3 lacs to each member. 2. Rs.10000/- will be paid to deceased member immediately on the date of death towards funeral expenses. 3.Group PA policy has taken to all members for SI of Rs.3 lacs each.

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With Warm Greetings,

Yours-in-Service,

M. HANUMANTHA RAO    T. GOPALA KRISHNA

                                                     PRESIDENT           GENERAL SECRETARY

UNIFORM TO CLASS IV EMPLOYEE FOR THE YEAR 2011

As per the guidelines, the following are to be made available to confirmed existing Class-IV employees:

FULL TIME SWEPPERS (Male / Female):-

• Uniform                                           :: 5 sets in 2 Years
• Shoe (Male) / Chappals(Female)          :: Single pair Once in 2 years
• Socks (Male)                                    :: 2 Pairs every 2 years
• Umbrella                                          :: Once in2 years
• Accessories to the Security Guards      :: As per requirement.

PART TIME SWEEPERS (Male / Female):-

• Uniform                                     :: 3 sets in 2 years
• Shoes(Male)/Chappals(female)      :: Single pair Once in 2 years
• Socks (Male)                             :: 2 Pairs every year
• Umbrella                                   :: Once in 2 years

Accordingly, the Competent Authority has taken decision for providing Uniforms and related accessories to the said confirmed existing Class-IV employees for the year 2011 as under:-

1. SUB-STAFF UNIFORM:-

Bombay Dyeing's Suiting - Hi-tex(67% Polyester + 33% Viscose) and Shirting : Princy (67%Polyester + 33% Viscose)

>  Navy Blue Pants and Light Blue Shirts to Sub-Staff.

>  Navy Blue Pants and White Shirts to Driver.

>  Navy Blue Pants and Light Blue Shirts to AC Operators.

>  Navy Blue Pants and Light Blue Shirts to Class-IV employes (FTS) who are working as Lift Operators.

>  Navy Blue Pants and Light Blue Shirts to Class-IV employees (S/S - FTS) who are working as Cook, Serving Staff in Guest House.

2. TURBANS:

For the year 2011,Light Blue coloured Turbans @ Rs.150/- each are to be provided to confirmed Class-IV Sikh employees (only in area where Sikh employees wear turban as per their religion).

3. FTS (HAMALS) / PTS UNIFORM:

Suiting & Shirting - Trovine (67%Polyester + 33% Viscose)

For the year 2011. FTS(HAMALS) are to be provided with Raymond's Trovine-Dark Grey FullPants and Full Sleeves (coat type) shirts and PTS to be provided with Raymond's Trovine-Dary Grey Full Pants and Full Sleeves Shirts.  The Cost of uniform set (Pant & Shirt) are fixed at Rs.852/- (inclusiveof Rs.235/- stitching charges per set) for the year 2011.

4. SECURITY GUARD UNIFORM:

A) Suting & Shirting  - Trovine (67% Polyester + 33% Viscose)

Security Guards are to be provided with Raymon's Trovine (shade No.302824/45) Mehendi Khaki - Full Pants and Full Shirts.   The cost of uniform set (Pant & Shirt) are fixed at Rs.900/- (inclusive of Rs.235/- stitiching charges per set) for the year 2011.

B) Uniform accessories (security guards): Actual Cost:

1) Beret Cap; 2) Lynard with Metal Buckle; 3) Lathi; 4) Leather Belt with metal buckle; 5) Name Plate (Plastic); 6) Metal Logo on Beret Cap; 7) Metal Buttons; 8) Shoulder Metal Batch & 9) Logo/ Batch on buckles of leather belt.

5. FEMALE UNIFORM:

Sub-Staff / hamals (FTS/PTS) - Class-IV Female employees are to be provided with Saree + Blouse pieces from Khatau Mill - Light Blue colour with darker border and matching Blouse piece as under:-

a) 6 Yards @ Rs.690/- per piece + matching Blouse Piece.

b) 9 Yards @ Rs.810/- per piece + matching Blouse Piece.

The rate of Blouse stiching charges has been fixed at Rs.70/- per piece for the year 2011.

6. WOOLEN UNIFORM:

Employees posted in areas where winter is Cole / Severe are to be provided with Navy Blue Woolen Uniform at Rs.2,000/- per set ( inclusive of stiching charges)and Navy Blue Overcoats (to be provided once in 5 (FIVE) years) at Rs.1680/- per piece.

7. SHOES + SOCKS / CHAPPALS and UMBRELLA:

All confirmed Class-IV employees (including FTS & PTS) are to bbe provided with Shoes, Socks / Chappals to eligible Clas-IV employees as under:-

SHOES (1 PAIR ONCE IN 2 YEARS)    -- GENTS --  Rs. 600/-

SOCKS (2 PAIRS EVERY EYAR)         -- GENTS --  Rs.  50/- per pair.

CHAPPALS (1 PAIR ONCE IN 2 YEARS)-- LADIES -  Rs. 330/- per pair. 

8. UMBRELLA: From 2011, all confirmed Class-IV employees are to be provided with an Umbrella every year with max. cost of Rs.125/- per piece.

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WOMEN'S COMMITTEE CONSTITUTED AS PER SUPREME COURT DIRECTIVE - To deal with complaints of sexual harassment of female employees.

Dear Friends,

Referring to the captioned matter, we reporduce here under the text of New India Head Office Circular Ref.No.CORP.HRM:EWS:2010 DT.December 22, 2010.

"" ALL REGIONAL OFFICES:
We have to inform you that based on the directives and guidelines of the Supreme Court, our Company has constituted Women's Complaints Committee to deal with the complaints in respect of sexual harassment of female employees at workplace.  We has already issued circular in  April, 2005 about the constitution of Committee at Head Office.

W.e.f. November, 2010, the Committee has been reconstituted and Mrs. Mita Bhattacharjee, Dy. General Manager, H.O. is Chairperson of the said Committee.  There is another ex-officio member for the Committee. The following Officials of the Committee are other members:

1. Mrs. Sushma Anupam, Divisional Manager.

2. Mrs. Alka Banage, Divisional Manager.

3. Mr. S.V. Joglekar, Chief Manager, Establishment Dept., HO.

You are advised to display the above information on the notice board of every Office under your jurisdiction.  Any complaint against sexual harassment of female employees at workplace should be addressed to the Chairperson of the Committee.

Please acknowledge and confirm action taken.

Sd/-xx xx xx

( R. K. DEKA )

GENERAL MANAGER ""'

PARA 13.2 - CHENNAIH COURT CASE - FLASH NEWS

DEAR FRIENDS,

WE ARE PLEASED TO INFORM YOU THAT OUR CHENNAIH FRIENDS HAVE INFORMED US THAT STAY ON CHENNAI HIGH COURT CASE BEING VACANTED WITHIN A COUPLE OF DAYS.  UNDERSTAND THAT NEW INDIA MANAGEMENT HAS TAKEN SUITABLE AND NECESSARY STEPS IN THIS DIRECTION. IT IS ALSO LEARNT THAT PARA 13.2  RESULT MAY BE DECLARED  BEFORE PONGAL FESTIVAL AND FOLLOWED BY PROCESS OF COMPLETION OF ENTIRE PROMOTIONAL EXERCISE FOR 2010 ( FROM CLASS-III TO CLASS-I). WISHING GOOD LUCK TO ALL THE PROSPECTING CANDIDATES.

WITH WARM GREETINGS,

 YOURS-IN-SERVICE,

M. HANUMANTHA RAO       T. GOPALAKRISHNA

                                    PRESIDENT               GENERAL SECRETARY

DEARNESS ALLOWANCE UPTO JAN., '2011

DEAR FRIENDS,

AS PER INFORMATION GIVEN BY OUR OFFICE BEARER MR. K. HARIPRASAD, SCALE I OFFICER,  ANANTHAPUR DO "CPIIW ROSE BY ONE POINT TO 182 FOR NOV'10.  IF THE SAME INDEX IS CONTINUED IN DEC'10, ALL WORKMEN IN PSU INSURANCE COMPANIES & BANK'S MAY GET 19 SLABS MORE   D. A. FROM 1.2.2011. CPI(IW) Base 2001=100 Monthly Index 

WITH WARM GREETINGS,

YOURS-IN-SERVICE,
M HANUMANTHA RAO                           T GOPALA KRISHNA

             PRESIDENT                                 GENERAL SECRETARY

NEW YEAR GREETINGS - 2011

GICEU-AP WISHES ALL VIEWERS  AND THEIR FAMILY MEMBERS A HAPPY NEW YEAR  MAY THE NEW YEAR FILLED WITH JOY, GOOD HEALTH, PEACE AND PROSPERITY.

M HANUMANTHA RAO                        T GOPALA KRISHNA
PRESIDENT                                          GENERAL  SECRETARY