Sumission of life certificate to any branch of the Bank through which his pension is being disbursed.

Government of India

Ministry of Finance

Department of Expenditure

Central Pension Accounting Office

Trikoot-II, Bhikaji Cama Place

New Delhi.

CPAO/Tech/Simplification/2012-13/325

18.02.2013

Office Memorandum

Subject: – Simplification of Pension Procedure- Amendment in para 15 and para 16 of “Scheme for payment of pensions to Central Govt. Civil Pensioners by Authorised Bank”.

Attention is invited to the provisions contained in paras 15 and 16 of the Scheme Booklet regarding submission of life & other certificates and inter bank /intra bank transfer of pension Account.

2. Keeping in view the need to make the process of submission of certificates user friendly and in line with the technological advancement in the banking industry, it has been decided to allow pensioner/family pensioner to submit the life certificate as well as other certificates to any branch of the Bank through which his /her pension/family pension is being disbursed.

3. Further with the introduction of CBS and implementation of CPPC, the pensioner/family pensioner who is desirous of transferring his/her pension account from one branch to another branch (whether local or out station) of the same bank should has the option of putting in his/her request at either of the two branches instead of the present dispensation wherein transfer request is entertained only at the home branch. The transfer application will require mentioning both account numbers (in the old & new branch) with both branch contact details. The branch receiving the application will scan and register the same to CPPC. CPPC will coordinate the continuity of disbursement of monthly pension/family pension without any break.

4. All banks are hereby directed to follow the above procedural modifications in pension process and issue necessary instructions to all concerned accordingly.

5. This issues with the concurrence of Department of Pensions & Pensioners Welfare, Ministry of Personnel, Public Grievances & Pensions and Department of Expenditure, Ministry of Finance.

Sd/-

(Vandana Sharma)

Chief Controller (Pensions)

GoI DA/DR w.e.f.January 1, 2013 to be 80%

All India Consumer Price Index was released by the Labour Bureau, Shimla on 31 Jan, 2013, as 219, a rise of one point over Nov,2012, indicating rise in the " Rate of Dearness Allowance/Dearness Relief by 8 points to 80% w.e.f.01-01-2013. Formal orders for increase of DA/DR by the Govt are expected in the third week of March, 2013

Labour Bureau,                 Government of India

                                        Press Release 

Consumer Price Index Numbers for Industrial Workers on Base 2001=100

CPI(IW) Base 2001=100 Monthly Index Letter - DECEMBER 2012

NOVEMBER 2012	DECEMBER 2012
218	219

         

AI CPI-IW for December at 219. Dearness Allowance from Jan 13 confirmed at 80%

The AICPI – IW (All India Consumer price Index for industrial workers with the base as 2001=100) for the month of December 2012 has been issued by Labour Bureau. The index rose by one point and stands at 219. On 1-month percentage change, it increased by 0.46 per cent between .November and December compared with (–)1.01 per cent between the same two months a year ago.

The largest upward contribution to the change in current index came from Miscellaneous Group which increased by 1.08 per cent, contributing 0.49 percentage points to the total change. This was followed by Clothing, Bedding & Footwear and Fuel & Light groups with 1.17 and 0.92 percent respectively contributing 0.13 and 0.10 percentage points to the change. At item level , largest upward pressure came from Rice, Wheat Atta, Groundnut oil, Fish Fresh, Goat Meat, Poultry (Chicken), Onion, Tea (Leaf), Tea (readymade),Electricity charges, Firewood, Sweater, E.S.I. contribution, Medicine (Allopathic), Private Tution Fees, us fare, Flower/ Flower Garlands, Tailoring Charges, etc. 

With this the complete set of indices required for the calculation of DA from January 2013 is available. The DA is calcuated as the average of AICPI-IW for the last 12 months – 115.76)X100/115.76. The figure is rounded to the lower whole number. As predicted previously, the new DA from January 2013 will be 80%, a hike of 8% from the existing 72%.