""FLASH NEWS""

"" Listing of state general insurers may be staggered.""...""" New India Assurance launches “New India Premier Mediclaim Policy” with exclusive features and Sum Insured upto Rs. 1 crore""".... “The tentative decrease in D.A. Slabs is 9 for the months from February,2017 to April,2017 - The net number of slabs for Feb.,2017 stands at 469"".."" ALL MEMBERS OF NFGIE/GICEU: PL ENSURE PAYING LEVY ON WAGE REVISION IMMEDIATELY ON RECEIPT OF ARREARS TO THE RESPECTIVE STATE /REGIONAL UNITS TO STRENGTHEN FINANCIAL POSITION OF NFGIE AS WELL AS STATE UNITS OF GICEU""....."" WAGE ARREARS WILL BE PAID ON 05th FEB.,2016""...."" WAGE REVISION FILE WAS CLEARED BY FINANCE MINISTRY ON THURSDAY 14TH JAN.,2016 ONLY. EXPECTING NOTIFICATION AT ANY TIME. HOWEVER, ON TUESDAY 19TH JAN.2016 GIPSA GOVERNING BODY MEETING HELD AT 'GOA'. PAYMENT DATE MAY BE DECIDED BY GIPSA AUTHORITY.""..."" NEXT ROUND OF DISCUSSIONS WITH GIPSA ON 04TH, 5TH & 6TH nOV., 2015 AT HOTEL GOLCONDA,HYDERABAD- NFGIE SLOT FOR DISCUSSIONS ON WAGE REVISION WITH GIPSA AT 2 PM ON 04.11.2015""...""Received a call from Mr A K Singhal, Advisor, GIPSA to our National Federation General Secretary, Mr P S Bajpai regarding the next round of Wage Talks on 29th October 2015 (Thursday) at Mumbai. Detailed Circular follows.""..."" We have been informed by Mr. Vasant Khande,Mumbai that Mr. Ashish Shelar,MLA and BJP President of Mumbai is going to attend our NFGIE conference on 1st October,2015 in Chennai""...""Wage revision and Pension Option – Programme of Agitation::: 1. Lunch Hour demonstrations in all centres on 15th and 23rd September.2. Signature campaign (memorandum addressed to Finance Minister) to complete by 23rdSeptember.;3. No late sitting in offices and no work on Saturdays, Sundays and Holidays w.e.f. 23rd September, 2015;4. Joint Employees meetings in all offices to campaign;5. Perspective of strike actions in October ""......"23RD JULY IS NEW INDIA'S FOUNDATION DAY(23RD JULY, 1919). ON THIS HAPPY OCCASSION, LET ALL NEW INDIANS TO RE-DEDICATE THEMSELVES ONCE AGAIN TO BRING BACK IT'S GLORY AND TO RETAIN NO.1 POSITION WITH PROFITS




""NEW INDIA ASSURANCE BEATS COMPETITION, GETS $9.5 BILLION AIR INDIA DEAL. One of India’s biggest public sector general insurer, New India Assurance (NIA) led consortium of public sector insurance companies has been awarded the contract to insure Air India’s huge fleet of 126 aircrafts worth 9.5 billion dollars. The consortium outbid the tender submitted by private general insurance companies, for this contract floated by Air India. NIA will insure Air India for 9.5 billion insurance cover for a premium of $22.5 million, which would be a one of the biggest aircraft insurance deals in the whole of Southeast Asia. PSU insurers continue to insure Air India for 4th year in a row"".....""Thank u all for staging a successful DHARNA today (06.7.2015) all over India as part of JFTU programme. At Mumbai we met Chairman GIPSA who informed that ministry is insisting on wage settlement on bank line only. Still they are pursuing with the ministry for getting sanction for a better package for PSGI Companies citing various factors. Due to this GIPSA is delaying resumption of wage negotiation. More stringent TU action is needed by JFTU against Ministry of Finance stand. JFTU will decide its further programme....Than 'Q'...Sujit Bagchi,General Secretary, "NFGIE""...""


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Wednesday, July 17, 2013

NON-CORE BENEFITS FOR DEVELOPMENT OFFICERS:: TRANSITIONAL ARRANGEMENTS FOR GRANT OF CAR LOANS



To                                                                         dt. 17th July, 2013.
The Chairman, GIPSA
New Delhi

Dear Sir,

Re: NON CORE BENEFITS FOR DEVELOPMENT OFFICERS:  TRANSITIONAL ARRANGEMENTS FOR GRANT OF CAR LOANS

The Non- core benefits for the Development Officers  has been previously revised  with effect from 1.4.2013 vide  Circular No. IBD.CL.II Cell.CIR. No.01:2012-13:IBD.ADMN:/54 dated  January 22, 2013.  Subsequently vide Circular No. IBD.CL.II Cell. CIR. No.01:2013-14:IBD.ADMN:71 dated April 3, 2013 the effective  date of the scheme has been changed  to 1.4.2012. While we  express our thanks  for this change of effective date, we take this opportunity to highlight  anomaly  under the head transitional arrangement for determining premium norms  for  grant of car loan to Development Officers.  While perusing the two circulars, it has been observed that you have just changed the financial years without considering the growth or accretion factor, e.g,  Previous  premium norms  of 2012-13 & 2013-14 has been substituted by 2011-12 & 2012-13, respectively. we are of the opinion that this is highly illogical and requires  immediate modification.  Since  the revised premium norms  has been  notified  on  April 3, 2013 with retrospective effective it would not be possible for the Development Officers to achieve the premium target .  Hence it is our demand  to provide justice and  make the revision of the Non-core benefits  a meaningful one. 

You are therefore requested that the premium norms  for transitional arrangement for 2012-2013 be made as per the 1st circular dated  22 January 2013  and fix a separate premium norms for 2011-2012 as one time option. 

Awaiting  your prompt response  in the matter.

Thanking you,

Yours faithfully,
Sd/-xx xx xx
SUJIT BAGCHI
GENERAL SECRETARY

Copy to : Mr M Parshad, Chief Executive, GIPSA, New Delhi     
The Chairman-Cum-Managing Director, New India Assurance Co Ltd, Mumbai
The Chairman-Cum-Managing Director, National Insurance Co Ltd, Kolkatta
The Chairman-Cum-Managing Director, Oriental Insurance Co Ltd, New Delhi
The Chairman- Cum-Managing Director, United India Insurance Co Ltd, Chennai
........With a request to take necessary action.
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