Press Information Bureau
Government of India
Ministry of Finance
Government of India
Ministry of Finance
Thursday, August 28, 2014
All you need to know about cap on free ATM transactions
The RBI's decision to cut the
number of free transactions on other banks' ATMs will have widespread
ramifications. Starting 1 November, if you conduct more than three
transactions on other banks' ATMs in a month, you will be charged Rs 20
per transaction. The apex bank has also allowed banks to charge
customers if they use their own bank ATMs more than five times a month.
This applies to transactions in six metros: Mumbai, Delhi, Chennai,
Kolkata, Bangalore and Hyderabad.
The silver lining in the new rules on ATM usage is that the charge structure has been harmonised. Before the RBI decided in 2009 to make five ATM transactions free, banks used to charge anything between Rs 15 and Rs 60 per transaction at another bank's ATM. This was later revised to Rs 20 per withdrawal and Rs 9 for non-financial transactions. Banks have been lobbying for the introduction of charges on ATM usage ever since the RBI allowed this. Thankfully, the RBI has not permitted banks to have their way and retained the cap on charges for withdrawals.
While
Rs 20 per transaction is not exactly usurious, it can add up to a
sizeable amount every month if you are not careful about your cash flow.
With careful planning, you can avoid paying the ATM charges beyond the
free transactions. However, don't go overboard trying to avoid the ATM
charge. For instance, keeping a lot of cash at home to save on ATM
fees could prove counter-productive. In your effort to save Rs 20 in
transaction fee, you may lose a few hundred rupees in interest.
Besides, it is possible that your bank does not levy charges for using ATMs frequently. For instance, preferred customers, who hold a large bank balance or have made investments through the bank, could be allowed more than three free transactions a month at other ATMs and an unlimited use of the bank's own teller machines. The change comes at a time when banks are adopting technology at a furious pace. Most banks now offer customers the facility of knowing their account balance or getting a mini statement through an SMS or phone banking. So, avoid using the ATM for nonfinancial transactions that can be done through other channels.
6 ways to avoid high ATM charges
Here's how you can avoid the charges that are likely to kick in from 1 November 2014.
Use cards wherever possible : Your first weapon against ATM charges is the plastic in your wallet. Use your debit and credit cards so that you don't need too much cash. Be alert when you do this. Some establishments charge 1-2% of the amount as transaction fee, which will defeat the purpose of using the cards. There is also the danger of overspending if you use plastic money for every purchase.
Plan your cash flow better : Don't wait till you are broke to withdraw money from the ATM. Give yourself a buffer of 2-3 days by indulging in advance planning. In this manner, you won't be forced to use another bank's ATM. While withdrawing cash, take out more than the amount you need immediately. Take into account the expenses during the coming 8-10 days and withdraw accordingly.
Prefer your own bank : If your bank's ATM is in the vicinity, avoid using another bank's machine. Even if you have to walk 50-100 feet, your first choice should be your own bank's ATM. Only if there is no ATM close to you should you use another bank's ATM. Some banks have apps that can help you locate their nearest ATM on the smartphone. Make a list of your bank's ATMs in the areas you frequently visit.
Keep emergency cash : Keep some cash at home in case you run out of money due to unforeseen expenses. However, don't keep too large an amount in cash. In your effort to save Rs 20 in ATM fees, you could be losing out more in interest on that amount. Besides, keeping cash at home is risky.
Start using dormant account : The silver lining is that the ATM charges will help revive your dormant bank account. Most banks charge a small annual fee of Rs 80-100 for a no-frill debit card. One debit card will allow you 36 transactions on other banks' ATMs and 60 at your own bank in one year. That is much cheaper than the charge imposed by your current bank if you exceed the cap on transactions.
Use SMS, phone banking for non-financial transactions : The
cap on ATM usage includes non-financial transactions, such as balance
enquiry or a mini statement request. Instead of using the ATM for this,
take the SMS route. Most banks offer SMS facility for checking account
balance, mini statements with last five to 10 transactions, and the
status of cheques issued by you.
Source : http://economictimes.indiatimes.com/\
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View: OpenOffice Website | Release Notes
Wednesday, August 20, 2014
Why do we join Union?
Smt.
Nandita Mohanty
Chairperson, Women
Sub-Committee
AIPEU, Gr-C, Bhubaneswar
Division
With
the evolution of society and growth in social needs there is a sharp
development in industrialization. It involves use of modern technology and
employment of large number of workers. As large number of people are involved,
it becomes necessary to safe guard the interest of the workers. They need
to be organized to fulfil their demands in respect of salary, welfare and
social security. There comes the concept of `Union’.
So,
union is the long-term association of workers to advance and protect the
interest of members of the union in the working relationship. According to
Flippo “A labor union or a trade union is an organization of workers formed to
protect, promote and improve through collective action, the social, economic
and political interest of its members.”
Whenever
any employee joins a union, he has some expectations in his mind. He may join
the union for the following reasons:-
·
Economic benefits: When any employee
joins an organization the main interest is the salary or wage. As the social
status of a person is defined by the economic standard he carries, more
emphasis is given to the economic benefits. But any single individual has very
little bargaining capacity as compared to the huge power of the management. He
thinks, if he joins the union, union will fight for the economic interest of
the employee as the union has great bargaining capacity to get its demands
accepted by the management. But the union has also its own limitations.
It can bargain on the genuine ground according to the prevailing rules. It can
demand for the economic up-gradation when the organization is economically
sound. For that the employees have to give their hundred percent so that union
can demand enhancement of monetary benefits. Because no organization will give
any economic benefit unless and until it is economically sound. At that time
expectation of economic advancement is baseless.
·
Platform for self-expression: At the primitive days of
industrialization, lives of the workers were like slaves without any voice
against the tyranny of the management. They used to live at the mercy of the
management. They couldn’t raise their voice against un-hygienic working conditions,
hard work, low wage, long and inconvenient hours of working etc.
Self-expression and individuality were totally prohibited. But the desire for
self-expression is a fundamental drive which can’t be ignored. By joining the
union the employees get a platform for self-expression. The union provides the
mechanism through which employees can make their voice heard by the top
management. Union serves as the communicating device between the employees and
the management. Sometimes due to low perspective and narrow-mindedness,
some can’t understand the long-term views taken by the organization in the
context of overall growth of the organization and employees. Anything which
does not result in immediate reward becomes unattractive to them. This attitude
results in the difference in views and conflict in union. One thing we should
keep in mind that union is by the employees, for the employees and of the
employees. So to be in union, one should go beyond oneself.
·
Check-bar on arbitrary action of the management: The employees join the
union to fight against the arbitrary action of the management. It works like a
brake to the monopoly of the management. Employees expect a just and fare
dealing from the management on the basis of the prevailing rules and regulations.
Union serves a checkmate when management goes beyond the prevailing rules
and take action against the employees which is irrational, unlawful or
discriminatory. Thus union safe- guards the interest of the employees.
·
Security : The employees join union because they think
that at the time of need the union will stand by them. They can get the
protection from hazards and economic insecurities at the time of illness,
accidents, unemployment etc. For example, trade union ensures compensation to
the injured workers under the Workman’s Compensation Act 1923, secures the
retirement benefits under Gratuity Act 1972 and PF Act 1952, employees’ health,
social security, payment of wage, bonus, insurance, maternity benefit etc. and
other welfare measures by compelling the management to abide by these. With the
union, employees feel safe and secure both mentally and physically.
·
Employee-employer relationship: The employee may not have easy
access to the top management. But union is the proper machinery which maintains
a sound communication between the employer and the employee. Employees feel
attached to the organization by this. If the relation between the employer and
employees is good then industrial disputes, conflicts, strikes and lock-outs
can be avoided.
·
Sense of participation: Sense of participation is also a fundamental desire
among the employees. They expect that their voice should be heard in making
decisions in the organization. This is known as the Workman’s Participation.
Being in the union, they can make their voice heard by the management in
matters affecting them and can also influence to take a correct decision.
·
Sense of belongingness: When any employee joins an organization the sense of
belongingness is developed inside him. He tries to feel that he is the integral
part of the organization. For that he may join the union. Because his
co-workers are with the union. He may have the feeling that if he will not join
the union he will be odd man out and can’t get any assistance at the time of
need. On the contrary, when he is in the union he feels that he is attached
with the organization and experiences a feel-good factor. He begins to think
that he has some importance in the organization and among the co-workers.
·
Background factor: Some who are born
and brought up in the industrial area or in the organizational background where
the society members and members of the family are attached with the union, join
the union as a nature of practice. Here the past history works. As a result, they
think it obvious and natural enough to join the union.
Though
it is the mere truth that union is for the safe-guard of the employees, we
can’t use it as the weapon against the management. If management strives for
the long term benefit of the organization which may sound unreal on the today’s
back ground, then union also has to think in that angle for the
mutual benefit. We should aspire for the long term benefits because our next
generation may get the fruit out of it. We have to make the union strong for
the bright future.
*****
Source : http://aipeup3bbsr.blogspot.in/
Monday, August 18, 2014
Confederation declares Nationwide Agitational Programme – Demands including DA Merger and Interim Relief
Confederation declares Nationwide Agitational Programme – Demands including DA Merger and Interim Relief
Confederation publishes an organized series of agitational programme on
its portal toady including the burning issues DA Merger and Interim
Relief.
CONFEDERATION OF CENTRAL GOVT. EMPLOYEES & WORKERS
1st Floor, North Avenue PO Building, New Delhi – 110001
Website: WWW. Confederationhq.blogspot.com
Email: Confederationhq@yahoo.co.in
Ref: CIRCULAR No.18
Dated - 17.08.2014
To
All CHQ Officers Bearers
All Affiliated Organizations
All State C-O-Cs
Dear Comrades,
The National Sectt. of the Confederaton met at New Delhi on 11.08.2014
to consider the follow up action required in the matter of some of the
pressing issues on which Confederation had organized series of
agitational programmes prior to the commencement of the Election process
of the 16th Lok Sabha. The CHQ has received reports from various
affiliaties to the effect that they have all endorsed the common
memorandum, the Confederation had submitted to the 7th CPC. Most of the
affiliates have emailed copies of the respective memorandum to the CHQ.
Those who have not sent copies are requested to do so without further
loss of time. This will enable the Confederation to write to the 7th CPC
to provide an opportunity to these organisations to tender oral
evidence to explain and elucidate their submissions in the memorandum.
The meeting noted that there has been only negative response from the
Government on the issues of Interim Relief and merger of DA.
We have already sent to you a copy of our letter addressed to the
Seretary, Staff Side, JCM National Council, (Com. Shivgopal Mishra)
which is yet to be responded. The meeting considered the following
issues as important, the pursuance of which must not brook any delay,
especially in the background that the 7th CPC has formally written to
the Government asking it to indicate the course of action required to be
taken on the memorandum of the staff side on Interim Relief and marger
of DA.
CHARTER OF DEMANDS
1. Merger of DA with pay for all employees with effect from 01.01.2014 including Gramin Dak sewaks and pensioners.2. Grant of Interim Relief to all employees including Gramin Dak Sewaks and Pensioners.3. Inclusion of Gramind Dak sevaks under the purview of 7th Central pay Commission.4. Scrap PFRDA Act and grant of statutory pension to all.5. Date of effect of 7th CPC recommendations should be 01.01.2014.6. Regularisation and revision of wages of casual laboures and contract workers.7. Removal of 5% condition for compassionate appointments.8. Fill up al vacant posts and creation of new posts wherever justified.9. Stop downsizing, outsourcing, contractorisation and privatisation of Government functions.10. Grant Productivity linked Bonus to all without ceiling; compute Bonus as weighted average of PLB for those not covered by PLB agreement.11. Revise OTA and NDA and implement arbitration awards.
The meeting also considered the policy perception of the new Government
in the light of the administrative price hike in petroleum products, the
proposals in the Railway and General Budget, the steep hike in the
freight and passenger fares of Railways, the decision to hike FDI in
Defence Production, Railway Infrastructure and Insurance sectors,
disinvestment of public sector including nationalized banks and have
come to the inescapable conclusion that under Narendra Modi
dispensation, the neo-liberal policies, as expected, will only be
intensified and the promised “Achche Din” is for the Corporate giants of
the country. The last session of the Parliament witnessed the
determination of the NDA Government in changing the labour laws on the
lines of the enactment made by Rajasthan Government of Vasundhara Raje
Scindhia by virtue of which in almost 90% of the manufacturing units in
India, the employers are permitted to indulge in hire and fire policy,
for the existing regulations will be dispensed with.
The meeting came to the decision that the confederation must organise
serious and prolonged campaign, preferably in unison with the Railway
and Defence Federations. We will pursue our consultation with those
Federations to reach a common approach in the matter. Since it might
take some more time, the meeting decided to pursue the demands through a
demonstrative programme.
11th September 2014 – Submission of the Charter of Demands along with a
brief Note to all heads of offices by arranging demonstration in front
of all offices; the branch level/district/divisional/state level leaders
will explain the demands especially the memorandums on interim relief,
DA merger and GDS issues.
19th September 2014 – Dharna between 10 AM to 3 PM at all important state/districts/divisional centres.
25th September 2014 – Dharna between 10 AM to 3 PM at New Delhi with
participation of the leaders of all affiliates and the members working
in the city of Delhi (at a central place-to be decided by the
Confederation Delhi State committee).
Confederation office Bearers will meet again at Delhi on 26.09.2014, 5
PM to decide further course of action. Confederation will bring out
pamphlets and bulletins to explain various issues like minimum wage, DA,
Bonus, GDS problems etc. shortly as part of an education campaign. The
detailed campaign programe to be undertaken after Diwali festival will
be intimated later.
Comradely yours,
(M. Krishnan)
Secretary General
Source: http://confederationhq.blogspot.in/
Only 3 free withdrawals from other ATMs, 5 from own
If you are in a metro and planning to withdraw cash from other banks'
automated teller machines (ATMs), be careful. Savings bank account
holders will, henceforth, enjoy only three free transactions at other
ATMs, instead of five per month.
The country's banking regulator, the Reserve Bank of India has just
issued a note to this effect. This will apply for transactions done at
ATMs located in six metro centres — Mumbai, Delhi, Chennai, Kolkata,
Bangalore and Hyderabad, which are well-served in terms of payment
infrastructure.
RBI said banks are free to offer free transactions above this
mandated limit but not many banks are likely to offer freebies as cost
of maintaining small accounts has risen over the years.
The new diktat will not apply to customers having no-frills or basic
savings bank ( BSBDA) type of accounts as well as for those situated
outside these six metro centres.
The objective of this direction, RBI said, is to "move away from
micro management of business decision of banks while protecting the
interests of the weaker sections of the society".
RBI said it has taken into account the associated costs of
infrastructure to banks and the economy more generally before coming up
with the new direction.
The central bank has also advised banks to provide their own savings
bank account holders with at least five free transactions per month at
their own ATMs. Beyond this, banks may decide to levy transaction
charges but that should not exceedRs 20 plus taxes per transaction.
The number of ATMs has increased to over 1.6 lakh across the country
at the end-March 2014 from a little over 27,000 seven years back.
The point-of-sale (POS) infrastructure has increased from 3.2 lakh to
10.65 lakh terminals during the same period. The development of other
payment mechanisms and related infrastructure is more visible in
metropolitan areas.
Reserve Bank of India told banks to keep customers aware of the changes in the rules to improve customer satisfaction quotient.
Source : The Economic Tumes
Sunday, August 17, 2014
Connect to another computer using Remote Desktop Connection
With Remote Desktop Connection,
you can connect to a computer running Windows from another computer
running Windows that's connected to the same network or to the Internet.
For example, you can use all of your work computer's programs, files,
and network resources from your home computer, and it's just like you're
sitting in front of your computer at work.
To connect to a remote computer,
that computer must be turned on, it must have a network connection,
Remote Desktop must be enabled, you must have network access to the
remote computer (this could be through the Internet), and you must have
permission to connect. For permission to connect, you must be on the
list of users. Before you start a connection, it's a good idea to look
up the name of the computer you're connecting to and to make sure Remote
Desktop connections are allowed through its firewall.
If you're user account doesn't
require a password to sign in, you'll need to add a password before
you're allowed to start a connection with a remote computer.
Watch this video to learn how to connect to another computer using Remote Desktop Connection (1:13)
To allow remote
connections on the computer you want to connect to
1.
Open System by clicking the Start button
, right-clicking Computer, and then clicking Properties.
2.
Click Remote settings.
If you're prompted for an
administrator password or confirmation, type the password or provide
confirmation.
3.
Under Remote Desktop, select one of the three options.
4.
Click Select Users.
If you're an administrator
on the computer, your current user account will automatically be added to the
list of remote users and you can skip the next two steps.
5.
In the Remote Desktop Users dialog
box, click Add.
6.
In the Select Users or Groups dialog
box, do the following:
·
To specify the search location, click Locations,
and then select the location you want to search.
·
In Enter
the object names to select, type the name of the user that you want
to add, and then click OK.
The name will be displayed
in the list of users in the Remote Desktop Users dialog box. Click OK, and
then click OK again.
Note
·
You can’t connect to a computer that's asleep or hibernating, so
make sure the settings for sleep and hibernation on the remote computer are set
to Never.
(Hibernation is not available on all computers.) For information about making
those changes, see Change,
create, or delete a power plan (scheme).
To look up the
computer name of the remote computer
1. On
the remote computer, open System by
clicking the Start button
, right-clicking Computer, and then clickingProperties.
2.
Under Computer name, domain, and workgroup settings, you can
find your computer name, and its full computer name if your computer is on a
domain.
Your network administrator might also be
able to give you the name of the computer.
To allow Remote
Desktop connections through a Windows Firewall
If you're having trouble connecting,
Remote Desktop connections might be getting blocked by the firewall. Here's how
to change that setting on a Windows PC. If you're using another firewall, make
sure the port for Remote Desktop (usually 3389) is open.
1.
On the remote computer, click Start and
select Control
Panel.
2.
Click System and Security.
3.
Click Allow a program through Windows Firewall under Windows Firewall.
4.
Click Change settings and
then check the box next to Remote Desktop.
5.
Click OK to save
the changes.
To set a
password for your user account
Your user account must have a password
before you can use Remote Desktop to connect to another computer.
1.
Click Start and
select Control
Panel.
2.
Double-click User Accounts.
3.
Select Change your Windows Password under User Accounts.
4.
Click Create a password for your account and follow the instructions on the
screen.
To start Remote
Desktop on the computer you want to work from
1.
Open Remote Desktop
Connection by clicking the Start button
. In the search box, type Remote
Desktop Connection, and then, in the
list of results, click Remote Desktop Connection.
2.
In the Computer box,
type the name of the computer that you want to connect to, and then click Connect.
(You can also type the IP address instead of the computer name.)
Notes
·
To find the Remote Desktop Connection shortcut, click the Start button
, click All Programs, and then click Accessories.
To quickly open Remote Desktop Connection, click the Start button
, type mstsc in
the search box, and then press Enter.
·
Redirecting a device on your computer makes it
available for use in a Remote Desktop session. If a Remote Desktop
Connection dialog box
appears after you click Connect and
enter your credentials, you can redirect local devices and resources, such as
your local drives or Clipboard. Click Details, and then select the check box for each item you
want to redirect.
For
more information about Remote Desktop, see Remote Desktop
Connection: frequently asked questions.
Source : microsoft.com/
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