MAXIMUM SUM ASSURED FOR PLI AND RPLI ARE REVISED .

PLI Directorate has revised the maximum sum assurance limits 

• from Rs 10 lac to 20 Lac in respect of PLI
• from Rs 3 Lac to 5 Lac in respect of RPLI 

with effect from the date of issue of notification no 25-3/2003-LI dated 17.01.2012

         

NPS fees to be charged based on quantum of Contribution

Wednesday, January 25,
2012 New Pension Scheme


As far as New Pension Scheme is concerned, the charges to be collected by Point of presence (Centers where NPS subscribers would pay their contribution) for the services rendered by them is until now is Rs.20 per transaction. Because of this low rate fixed by the Pension regulation authority (PFRDA), the banks which mainly act as point of presence are reluctant in the transactions relating to NPS. As a result number of New Pension Scheme subscribers from the private sector is very meager now. In order to make Point of presence to actively participate in the New Pension Scheme Transactions and thereby increase the number of Private NPS subscribers, PFRDA has decided to allow Point of Presence to charge fees based on the quantum of contribution /investments made the subscribers. The following Note issued by PFRDA in this regard would give more details. These changes in the fees will be applicable only for private (Non-Government) sector NPS subscribers. PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY 16TH January’ 2012 PRESS RELEASE Initiating the implementation of the recommendations of the Bajpai Committee to Review
Implementation of National Pension System (NPS) in the Private (Non-Government) Sector, Pension Fund Regulatory and Development Authority (PFRDA) has announced changes in the charge structure for the Points of Presence (POP) for Private Sector subscribers under National Pension System (NPS). At present, the Points of Presence charge a flat rate of Rs. 20 for the initial subscriber registration and Rs. 20 per transaction for any contribution upload. The Bajpai Committee had observed that a flat rate structure amounts to the poor subsidizing the rich, and a more equitable structure would be charging of fees as an ad-valorem basis. Based on these recommendations and the comments received from various stakeholders, PFRDA has now announced the following charge structure with immediate effect: 1. An Initial subscriber registration charge of Rs.100/- and an ad valorem transaction charge of 0.25% of the initial contribution amount from subscriber subject to a minimum of Rs.20 and a maximum of Rs. 25,000/-.
2. Any subsequent transaction involving contribution upload – 0.25% of the amount subscribed by the NPS subscriber, subject to minimum of Rs.20/- and a maximum of Rs. 25000/-. 3. Any other transaction not involving a contribution from subscriber – Rs 20/- The above structure is applicable to both individuals and corporates in the Private (Non-Government) Sector, and is expected to sufficiently incentivise the PoPs to actively participate in the opening of NPS accounts and also provide improved services to account holders. The PoPs have the option to negotiate on the above charges with the subscribers, but within the prescribed charge structure.

Directorate of Estates takes various initiatives to streamline government accommodation

January 25, 2012

                                                                Ministry of Urban Development


Directorate of Estates takes various initiatives to streamline government accommodation
Directorate of Estates in the Ministry of Urban Development has been mandated the job of providing official residential accommodation to officers working in eligible offices. With a view to augment availability of residential accommodation of higher types, the following pro-active initiative have been taken by Directorate Estates over the last one year.
The Government is conscious of the acute shortage of residential accommodation to its officers in Delhi. Towards this, New Moti Bagh Residential project has been completed under PPP mode by NBCC. This has provided much relief to the senior officers of the Government. The Government is in advance stage of considering and approving another PPP project for re-development of East Kidwai Nagar. In the East Kidwai Nagar, it is proposed to develop another 4747 units of Government residential accommodation, with majority of accommodation in lower types i.e. Tye-IV and below. In addition to this, the Government is also constructing houses on the DDU Marg.
It was seen that on many occasions the officials who were allotted flats were not vacating houses on transfer/retirement. This was further adding to the scarcity in allotting flats to the eligible officials. The Ministry of Urban Development (Directorate of Estates) is taking action to ensure eviction of unauthorized occupants from Government flats/houses. During the calendar year 2011, 815 unauthorized occupants were evicted.
During the period from January to December, 2011, a total of 520 allotments were cancelled on account of subletting against 306 cancellations in the year 2010. The cancellation of allotment is being pursued to ensure vacation of the house. Already 350 houses have been got vacated till December, 2011.
During the period January to December, 2011, an amount of about Rs.4.70 crores have been recovered on account of damages i.e. penal rent on account of unauthorized occupation. It is mentioned that earlier, while sending notices for recovery of outstanding dues, a notice was also sent to the family members of late Smt. Indrani Devi showing an outstanding dues of Rs.1.98 crores. On further examination of documents, it has been established that House No.6. Krishna Menon Marg was vacated on 30.11.2002 by the family members of late Smt. Indrani Devi and, therefore, the demand notice for Rs.1.98 crores has been withdrawn.