Some useful information related with National Income , GDP and Growth of Economy

What is meant by National Income? National income is a money value of all the final goods and services produced by a country during one year

What consists to calculate National Income of a country ? It consists collection of different types of goods of all sizes and shapes and services of different types

How can measure the value of all goods and service produced in a country ? Value of Goods and services produced is measured by Money

How can easily find out the growth of country ? To find out the growth of an economy by checking the national income figures of the country for a number of years

How to calculate per capita income ? Per capita Income= National income / Population

What is meant by GDP ? Gross Domestic Product is the money value of final goods and services produced in the domestic territory of a country during an accounting year

How to calculate GDP? Per capita GDP= Gross domestic product/Population

What are the basic economic activities ? Production, Consumption and Capital Formation

How to classify the producers in the domestic territory ? 1. Central Government 2. Corporate and quasi corporate enterprises 3. Households (including unincorporated enterprises and private non profit institutions serving households)

What is meant by Public consumption expenditure ? The expenditure of the government for the production of goods and services for collective consumption is called as public consumption expenditure

When did the first official estimates of the national income for the Indian Union were prepared in India ? 1948-49

Which organization is related with calculation of National Income of India ? The Central Statistical Organization (CSO)

What is meant by disposable income ? Income of the nation from all sources after deduction of all current transfers paid. It is equivalent to national income at market prices adjusted for all current transfers

What is meant by Enterprise ? Ultimate unit in institutional classification

How can simply classify the production ? Activity which produces commodities or increases the value of the commodities

Courtesy : http://nfpemavelikaradivision.blogspot.com

UPU LETTER WRITING COMPETITION 20

View Original Order

S.B.ORDERS ISSUED BY THE POSTAL DEPARTMENT

Thursday 1 December 2011

S.B.ORDERS ISSUED BY THE DEPARTMENT

Sub: Discontinuation of Kisan Vikas Patra with effect from 1.12.2011.

D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 22/2011)

The undersigned is directed to convey the decision of the Min. of Finance (DEA) to discontinue the sale of Kisan Vikas Patra (KVP) with effect from the close of business on Wednesday, the 30^th November,2011 in all Post Office.

2. It is requested to circulate this decision to all Post Offices for information and necessary action. All EDBOs which are authorized to issue KVPs,shall return the unsold KVPs to their Account Offices and all Sub Post Offices shall return the unsold stock of their HPOs after tallying with their stock registers duly entered in Invoice NC-13 in triplicate. KVPs shall be dispatched alongwith two copies of invoice.SO/HPO after checking the stock invoiced, retain duplicate copy of invoice and return triplicate copy to the concerned EDBO/SO duly acknowledged the receipt of KVPs.HPOs shall verify the unsold stock with the register NC-12(a) and return all unsold KVPs of their own stock as well as stock received from SOs or EDBOs in account with HPO to CSD duly entered in the list to be prepared in quadruplicate in the following 7 column former:-

Sl No.	Name of Post Office	Name of series	Sl No. of KVPs with prefix	Denomination	No. of KVPs	Remarks if any.
1	2	3	4	5	6	7

3. All CSDs shall tally the unsold stock of KVPs received alongwith three copies of lists with thewir respective stock registers and return one copy to the respective HPO and second to the PAO concerned duly acknowledged the stock received.

4. All CSDs will send a report of stock tallying to their Head of Circles .Head of Circles will inform this office of the completion of this exercise after that futher instructions for return of stock to ISP Nasik shall be issued.

5. It is requested to circulate these instructions to all field units and ensure that these instructions are strictly followed. It is also requested that to ensure that no KVP is issued from 1.12.2011, investment in KVPs through cheques should not be accepted with effect from 28.11.2011 and if any cheque presented before 28.11.2011 is cleared after 30.11.2011, the amount should be refunded to the investor.

6. This issues with the approval of Secretary Posts.

Sub: Revision of maturity period and maturity value of 6 years National Savings Certificate (NSC) VIII Issue with effect from 1.12.2011.

D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 23/2011)

The undersigned is directed to convey the decision of the Min. of Finance (DEA) the revise the maturity period of existing 6 years NSC(VIII) Issue to Five (5) years from the NSCs issued on or after 1.12.2011. The maturity value of 5 years NSC(VIII) Issue shall be Rs. 150.90 (One hundred fifty rupees and ninety paisa only) for denomination of Rs. 1000 and proportionate rate for any other denomination.

2. The existing stock of 6 Years NSC(VIII) issue shall be used to issue new certificates from 1.12.2011 onwards by placing rubber stamp in the following language:

MATURITY PERIOD REVISED TO 5 YEARS

MATURITY VALUE REVISED TO RS. 150.90

FOR DENOMINATION OF RS. 100/FROM 1.12.2011

MATURITY VALUE OF THIS CERTIFICATE SHALL

BE RS. _________AFTER 5 YARS.

Signature _________________________________

Postmaster ________________________Post Office

3. The Sub Postmaster or Assistant Postmaster which is authorized to sign on the National Savings Certificate shall fill the maturity value in the stamp personally and signed with date on the space provided in the stamp.

2. It is requested to circulate these instructions to all field units and ensure that these instructions are strictly followed.

.3. This issues with the approval of Secretary Posts.

Sub: Revision of maximum limit of subscription in a financial year, rate of interest on balance in the PPF Accounts and rate of interest charged on loan taken from PPF account with effect from 1.12.2011.

D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 24/2011)

The undersigned is directed to convey the following decisions of the Min. of Finance (DEA) which shall be effective from 1st day of December, 2011.

(i) Existing maximum limit of subscription in a financial year of Rs. 70000/- shall be of Rs. 1,00,000/- (One lakh) in existing PPF accounts as well as new PPF accounts to be opened on or after 1.12.2011.

(ii) The rate of interest on the subscriptions made to the fund on or after 1.12.2011 and balances at credit of the subscriber in the existing PPF account shall bear interest at the rate of eight point six percent (8.6%) per annum.

(iii) The rate of interest charged on the loan taken by the subscriber of a PPF account on or after 1.12.2011 shall be "two per cent per annum" .However , the rate of interest of " one per cent per annum" shall continue to be charged on the loans already taken or taken up to 30.11.2011

2. It is requested to circulate these instructions to all field units and ensure that these instructions are strictly followed.

.3. This issues with the approval of Secretary Posts.

Sub: Revision of maturity period , rate of interest and discontinuation of 5% bonus on maturity of Monthly Income Account scheme with effect from 1.12.2011.

D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 25/2011)

The undersigned is directed to convey the following decisions of the Min. of Finance (DEA) which shall be effective from 1st day of December, 2011.

(i) The maturity period of Monthly Income Accounts to be opened on or after 1^st day of December 2011 shall be 5 years.

(ii) The rate of interest on new MIS accounts on or after 1.12.2011 shall be 8.2% per annum and the interest so calculated on annual basis shall be rounded off to the nearest multiple of rupee one and for this purpose any account of 50 paisa or more shall be treated as rupee one and any amount less that 50 pause shall be ignored. Interest shall be paid monthly on completion of a month from the date of deposit.

(iii) There shall be no bonus admissible on maturity in the accounts opened on or after 1.12.2011.

2. It is requested that a rubber stamp shall be prepared and placed on all new MIS Passbooks issued on or after 1.12.2011 with language as "Maturity period shall be 5 years from 1.12.2011". While accepting deposit by cheque for opening of MIS account from 25.11.2011, a rubber stamp should be placed on the acknowledgment of cheque given to customer that " No bonus shall be payable if cheque is credited to Government account after 30.11.2011.his may be circulated to all post offices for information and necessary guidance.

3. This issues with the approval of Secretary Posts.

Sub: Revision of interest rate on balance at credit in Post Office Savings Account with effect from 1.12.2011.

D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 26/2011)

The undersigned is directed to convey the decision of the Min. of Finance (DEA) for revision of interest rate on the balance at credit of a Post Office Savings Accounts from 3.5% to 4% per annum with effect from 1^st Day of December, 2011.

2. It is requested that this may be circulated to all post offices for information and necessary guidance.

3. This issues with the approval of Secretary Posts.

Sub: Revision of rate of interest of Time Deposit Accounts with effect from 1.12.2011.

D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 27/2011)

The undersigned is directed to convey the following decisions of the Min. of Finance (DEA) which shall be effective from 1^st Day of December, 2011:-

(i) The revised rate of interest in Time Deposit Accounts opened on or after 1.12.2011 shall be :

Period of Deposit	Rate of interest per annum (Quarterly compounded)
1 Year	7.7
2 Years	7.8
3 Years	8.0
5 Years	8.3

(ii) In case of premature closure of 1 Year,2 Year,3 Year or 5 Year account on or after 1.12.2011,if the deposit is withdrawn after 6 months but before the expiry of one year from the date of deposit , simple interest at the rate applicable to from time to time to post office savings account shall be payable.

(iii) In case of premature closure of 2 Year,3 Year or 5 Year account on or after 1.12.2011, if the deposit is withdrawn after the expiry of one year from the date of deposit ,interest on such deposits shall be calculated at the rate , which shall be one per cent less than the rate specified for a period of a deposit of 1 Year, 2 Year,3 Year as mentioned in th concerned table given under Rule 7 of POTD Rules.

2. It is requested that this may be circulated to all post offices for information and necessary guidance.

3. This issues with the approval of Secretary Posts.

Sub: Revision of rate of Recurring Deposit Accounts with effect from 1.12.2011.

D. G. Posts F. No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 28/2011)

The undersigned is directed to convey the following decisions of the Min. of Finance (DEA) which shall be effective from 1^st Day of December, 2011:-

(i) The amount repayable on a RD account of Rs.10 denomination opened on or after 1.12.2011 shall be Rs. 738.62. The amount repayable on an account of any other denomination shall be proportionate to Rs. 738.62.

2. It is requested that this may be circulated to all post offices for information and necessary guidance.

3. This issues with the approval of Secretary Posts.

Sub: Revision of rate of commission payable to SAS and MPKBY Agents and discontinuance of Commission to PPF Agents with effect from 1.12.2011

D.G. Posts F No. 113-01/2011-SB dated 24.11.2011(S.B. Order No. 29/2011)

The undersigned is directed to convey the following decisions of the Min. of Finance (DEA) which shall be effective from 1^st Day of December, 2011:-

(i) There shall be no commission payable on PPF Deposits made on or after 1.12.2011.

(ii) The revised rates of commission payable to SAS and MPKBY Agents with effect from deposits made on or after 1.12.2011shall be as follows:

Category of Agent	Name of Scheme	Rate of Commission
MPKBY	Recurring Deposit	4 %
SAS	1 Year Time Deposit	0.5%
	2 Year Time Deposit	0.5%
	3 Year Time Deposit	0.5%
	5 ear Time Deposit	0.5%
	Monthly Income Account Scheme	0.5%
	5 Year NSC(VII –Issue)	0.5%
	10 Year NSC(IX –Issue)	0.5%
	Sr. Citizen Savings Scheme	Nil

2. It is requested that this may be circulated to all post offices for information and necessary guidance.

3. This issues with the approval of Secretary Posts.

POSTAL INDEFINITE STRIKE FROM 3RD JANUARY 2012

POSTAL JOINT COIUNCIL OF ACTION DECIDES TO ORGANISE INDEFINITE STRIKE FROM 3RD JANUARY 2012

POSTAL JOINT COUNCIL OF ACTION

NATIONAL FEDERATION OF POSTAL EMPLOYEES

FEDERATION OF NATIONAL POSTAL ORGANISATIONS

ALL INDIA POSTAL EXTRA DEPARTMENTAL EMPLOYEES UNION

NATIONAL UNION OF GRAMIN DAK SEVAKS

NEW DELHI

No: JCA/AGTN/2011 Dated 05.12.2011

CENTRAL JCA DECIDES TO SERVE STRIKE NOTICE

FOR ALL INDIA INDEFINITE STRIKE FROM 03.01.2012

STRIKE NOTICE WILL BE SERVED ON 15.12.2011

*Against Unilateral Move to Implement Mail Network Optimization Project [L1 and L2] in RMS;

*Against Violation of Assurances and Non-implementation of Agreed Demands of 5^th July, 2011 Deferred Strike

- ORGANISE MASS DEMONSTRATIONS / DHARNAS IN FRONT OF ALL CIRCLE / REGIIONAL / DIVISIONAL OFFICES ON 15.12.2011.

- ALL INDIA LEADERS OF CENTRAL JCA WILL SIT ON HUNGER FAST IN FRONT OF DAK BHAWAN ON 26.12.2011.

MAKE THE INDEFINITE STRIKE A GRAND SUCCESS

Dear Comrades,

The meeting of the Central JCA held on 03.12.2011 at New Delhi, have reviewed the post-5^th July deferred strike settlement situation and have to come unanimous conclusion that Postal Board has failed to implement the assurances given by the Secretary [Posts] on agreed demands, even after a lapse of four months. Further it is going ahead with the unilateral implementation of the Mail Network Optimization Project [MNOP] in spite of vehement opposition of the Staff Side.

During the discussion with the Secretary [Posts] on 5^th July deferred strike demands, it was assured that there will be no closure/merger of Post Offices, other than simultaneous relocation. But orders in this regard are yet to be communicated to the Heads of the Circle. Orders on Sorting Postman need further modification. On GDS issues no favourable orders are issued on any of the items till this date. Payment of Pro-rata wages and absorption of Casual labourers and Part Time contingent employees still remains unsettled, even though it was assured that orders on payment of pro-rata wages to pre-1993 appointees will be issued within a month.

JCM Departmental Council meeting is indefinitely delayed. Cadre-restructuring Committee has not yet finalized its final proposals. Issues relating to Postmen, Mail guard and MTs are still in the negotiating stage and no settlement in sight. Demands of the Circle / Regional Offices administrative staff, Postal Accounts, SBCO and Civil Wing employees are not given serious consideration. In short, abnormal delay is taking place in settlement of the genuine demands raised in the Charter of Demands.

On contrary, even when most of the burning issues of the employees are totally neglected or remains unsettled, the Postal Board is going ahead with implementation of the retrograde recommendations of the McKinsey on Mail Network Optimization Project [MNOP]. In the Committee constituted under the Chairmanship of Member [Operations] for reviewing the issues arising out of the implementation of speed post Hubs and proposed L1, L2 in first class mails, the Staff Side representatives have vehemently opposed the implementation of L1, L2 in first class mails as it will adversely the efficiency of the services resulting in abnormal delay thereby leading to erosion of public faith on the postal services. Further it will also result in large-scale dislocation / transfer of employees and will adversely affect their promotional prospects. In spite of our objection and disagreement, the Postal Board has made it clear that they are going ahead with the implementation of the MNOP Project.

In the above circumstances, the Staff Side is left with no alternative,, but to revive the postponed strike decision and resort to the agitational path once again. The Central JCA after in depth analysis of the entire situation, have decided to go on indefinite strike from 3^rd January, 2012. It was also decided to serve the strike notice on 15.12.2011 and to conduct mass demonstrations / dharnas in front of all Chief PMG / PMG Offices and Divisional Offices on that day. As a second phase of the agitation, the Secretary Generals of NFPE and FNPO and the General Secretaries and CHQ Office Bearers of Federations /All India Unions / Associations of the JCA shall sit on hunger fast in front of Dak Bhawan on 26.12.2011.

The Central JCA calls upon the entirety of the Postal and RMS employees to make all the above agitational programmes in the true spirit and make the indefinite strike from 3^rd January, 2012 a grand success.

If the Postal Board is not ready to come for a result-oriented and time-bound negotiated settlement, the entire Postal and RMS Service should be paralyzed from 03.01.2012.

It is again a struggle for our survival.

It is a struggle of life and death to lakhs of Postal Workers.

Let the Postal,, RMS, Administrative, Postal Accounts, GDS, SBCO and Civil Wing employees come together to stage another glorious indefinite strike.

Fraternally Yours,

Secretary General Secretary General

NFPE FNPO

&

All General Secretaries of NFPE and FNPO

&

General Secretary General Secretary

AIPEDEU NUGDS

No proposal to merger of dearness allowance with Basic Pay

No proposal to merger of dearness allowance with Basic Pay

Posted: 06 Dec 2011

GOVERNMENT OF INDIA - MINISTRY OF FINANCE - LOK SABHA

UNSTARRED QUESTION NO 859 / ANSWERED ON 25.02.2011

DA OF CENTRAL GOVERNMENT EMPLOYEES

859 . Smt. P. JAYA PRADA NAHATA
NEERAJ SHEKHAR
YASHVIR SINGH

Will the Minister of FINANCE be pleased to state:-

(a) whether Government has plans to increase dearness allowance effective from January,2011 for Central Government employees with a rate that commensurates with the inflationary trends and plights of working class in the past few months;

(b) if so, the details thereof and if not, the reasons therefore;

(c) whether Government has any proposals to declare DA as Dearness Pay when it will cross 50 per cent, as it was done during the 5th Pay Commission;

(d) if so, the details thereof; and

(e) if not the reasons therefore?

ANSWER

MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARIAN MEENA)

(a)&fb): Increase in Dearness Allowance payable to Central Government employees with effect from January, 2011 will be worked out on basis of accepted formula which is based on the recommendation of 6th Central Pay Commission.

(ch(d) &(e): No proposal to declare DA as dearness pay, after DA crosses 50% is under consideration of the Government. The Sixth Pay Commission did not recommend merger of dearness allowance with Basic Pay at any stage. Government accepted this recommendation vide Government of India Resolution dated 29.8.2008.

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Gayatri Mantra

GURUSTHUTHI

ആരായുകിലന്ധത്വമൊഴിച്ചാദിമഹസ്സിന്‍
നേരാംവഴി കാട്ടും ഗുരുവല്ലോ പരദൈവം;
ആരാദ്ധ്യനതോര്‍ത്തിടുകില്‍ ഞങ്ങള്‍ക്കവിടുന്നാം
നാരായണമൂര്‍ത്തേ, ഗുരു നാരായണമൂര്‍ത്തേ.

അമ്പാര്‍ന്നവരുണ്ടോ പരവിജ്ഞാനികളുണ്ടോ
വമ്പാകെവെടിഞ്ഞുള്ളവരുണ്ടോയിതുപോലെ
മുമ്പായി നിനച്ചൊക്കെയിലും ഞങ്ങള്‍ ഭജിപ്പൂ
നിമ്പാവനപാദം ഗുരു നാരായണമൂര്‍ത്തേ.

അന്യര്‍ക്കു ഗുണം ചെയ്‌വതിനായുസ്സു വപുസ്സും
ധന്യത്വമൊടങ്ങാത്മതപസ്സും ബലിചെയ്‌വൂ;
സന്യാസികളില്ലിങ്ങനെ യില്ലില്ലമിയന്നോര്‍
വന്യാശ്രമമേലുന്നവരും ശ്രീഗുരുമൂര്‍ത്തേ.

വാദങ്ങള്‍ ചെവിക്കൊണ്ടു മതപ്പോരുകള്‍ കണ്ടും
മോദസ്ഥിരനായങ്ങു വസിപ്പൂ മലപോലെ
വേദാഗമസാരങ്ങളറിഞ്ഞങ്ങൊരുവന്‍‌താന്‍
ഭേദാരികള്‍ കൈവിട്ടു ജയിപ്പൂ ഗുരുമൂര്‍ത്തേ.

മോഹാകുലരാം ഞങ്ങളെയങ്ങേടെയടിപ്പൂ
സ്നേഹാത്മകമാം പാശമതില്‍ കെട്ടിയിഴപ്പൂ;
ആഹാ ബഹുലക്ഷം ജനമങ്ങേത്തിരുനാമ-
വ്യാഹാരബലത്താല്‍ വിജയിപ്പൂ ഗുരുമൂര്‍ത്തേ.

അങ്ങേത്തിരുവുള്ളൂറിയൊരമ്പില്‍ വിനിയോഗം
ഞങ്ങള്‍ക്കു ശുഭം ചേര്‍ത്തിടുമീ ഞങ്ങടെ “യോഗം.”
എങ്ങും ജനചിത്തങ്ങളിണക്കി പ്രസരിപ്പൂ
മങ്ങാതെ ചിരം നിന്‍ പുകള്‍പോല്‍ ശ്രീഗുരുമൂര്‍ത്തേ.

തമ്പോലെയുറുമ്പാദിയെയും പാര്‍ത്തിടുമങ്ങേ-
ക്കമ്പോടുലകര്‍ത്ഥിപ്പൂ ചിരായുസ്സു ദയാബ്ധേ
മുമ്പോല്‍ സുഖമായ് മേന്മതൊടുന്നോര്‍ക്കരുളും കാല്‍
തുമ്പോടിനിയും വാഴ്ക ശതാബ്ദം ഗുരുമൂര്‍ത്തേ.

InterChurch Council issue, K.M.Mani budget- Democrazy[Reporter HD]