Thursday, September 12, 2013

IRDA tightens advertising norms for life insurers

NEW DELHI: Insurance regulator Irda has tightened advertising norms for life insurers asking them not to offer any awards or reward points as inducement to lure customers. 

"...in order to enhance the extant transparency of the insurance advertisements, and to improve compliance...life insurance advertisements should not offer, as inducement, any award/reward points, discounts and rebates, except those approved by the Authority as part of product features," the Insurance Regulatory Authority of India has said.

Irda said a review of the advertisements, especially Internet advertisements, revealed the necessity to improve the compliance.

Irda also observed a trend of advertisements showing the combination of benefits of more than one product, it said.

It further asked life insurers for a complete disclosure of all related particulars of an individual product, where more than one product and combination of their benefits were being offered in a single advertisement.


"Such advertisements should contain a specific declaration as 'Advertisement Disclaimer' on Top in BOLD (not less than Font size 7)," it added.

Onam Celebration at Palakkad HO and Divisional Office












ONAM CELEBRATIONS AT OLAVAKOT HO


ONAPPOOKKALAM , ONASADYA, AND ONAPATTU  






Wednesday, September 11, 2013

Final selection procedure of Postal/Sorting Assistant Exam 2013

Know about final selection procedure of Postal/Sorting Assistant Exam 2013



Dear Friends….we are receiving many queries regarding the final selection procedureof Postal/Sorting Assistant Exam 2013. In this post we have tried to clear many of those…
Background: Aptitude Exam (Paper-1) for PA/SA vacancies 2011 & 2012 was held during April-May 2013 across India under various phases. Results of Aptitude test were declared during first week of August and for those who have qualified for Paper-II, Computer Typing/Data Entry Tests were conducted during August- September 2013. Now the whole exam process got over and every candidate is eagerly waiting for the final results so as to secure a job in Department of Posts, Government of India.  

About exam: As all are aware M/s CMC Ltd has conducted the examination and they will make available the final results to the respective Circles for later procedures. The final results is expected any time from now, though the Postal Department has so far not declared any exact date for declaration of results.

Final Procedure: Candidates numbering five times the vacancies were called for appearing Computer/Typing Test. Now the final merit list shall be prepared on the basis of the marks obtained by the candidates in the Aptitude Test subject to the condition that they have qualified the computer test. Visithttp://www.currentaffairs4examz.com. Which means, only one in 05 candidate appeared in Paper-II will only be getting placed in the final rank list. That too, the person who have obtained the highest mark in Paper-1. (Eg: In X Circle a total of 1000 candidates appeared for Paper-2, there were 234 vacancies in the Circle. So in final list only 234 candidates will be getting placed).

Allocation of the successful candidates: A common merit list for the whole circle shall be prepared. Candidates will be allocated the Division as per their preference marked by them while filling the application form based on their position in the merit list and availability of vacancy. Such candidates who are not able to get allocation in any of the Divisions of their preference because the candidates above them in the merit list  had to be allocated the Division(s) preferred by them, such candidates might be allocated the Division where vacancies exists. (This is only for those candidates who have given an undertaking in the application form that in the vent of their not getting the post in the Division of their preference they are willing to accept the appointment in any Division). For candidates who have not indicated their preference it will be presumed that they will have equal preference for all the Divisions and may be allocated the Division where the vacancies exists.

Waiting List: waiting list shall be prepared to the extent of vacancies announced in the relevant category. Candidates in the waiting list will only be considered if another selected candidate do not respond or refuse to accept the offer of appointment. Names of candidates in the waiting list shall not be announced. This list will be kept operative for a period of six months extendable by another six months or till the next examination is held, whichever is earlier.

Hope you all understand the procedure now. We will be updating you as soon as the final results are announced. So keep visiting the blog..Happy Reading!!

ONAM AT COYALMANNAM

Onapookalam by Staff and Agents of Coyalmanna PO and its BOs




Friday, September 6, 2013

Central Govt Employees in Kerala will get September month salary on 13th.

Considering to the request  of CONFEDERATION headed by Secretary General Com.M.Krishnan, Central Govt has issued orders to disburse September month salary & pension on 13th this month to all its employees in KERALA in view of ONAM celebrations.

Thursday, September 5, 2013

E-mail policy for govt staff likely in two months


 
NEW DELHI: In order to safeguard critical data, government is likely to come out with an e-mail policy in two months to ensure that all its employees use only official service for communication.

"We are coming up with an e-mail policy, which regulates uses of e-mail by all the government employees who are accessing government infrastructure (the NIC facility)... the draft has been made ready and we are going for inter ministerial consultation very soon," Department of Electronics and 
Information Technology(DEITY) Secretary J Satyanarayana said here.

He said the policy will address the security concerns related to communications and data.

Apart from this, government is also working on an 
Internet usage policy, which regulates the use of Internet by government officials.

"... there is also an acceptable Internet usage policy... in the government environment, we need to ensure that the Internet is not misused, so to prevent misuse of Internet, we have come up with this complementary policy," he said.

Asked if the government is looking to ban the use of 
Gmail and Yahoo by government staff once the policy is put in place, Satyanarayana said these things will be sorted out but the officials will have to communicate through the nic.in platform.

The government will send a formal notification after the policy is implemented in about two months, covering about 5-6 lakh Central and State government employees to use the email service provided by 
National Informatics Centre (NIC).

The development comes close on the heels of concerns being raised by a section in the government, especially intelligence agencies, over use of email services, provided by foreign firms (mostly US-based), which have their servers located in overseas locations, making it difficult to track if sensitive government data is being snooped upon.
 
Source : The Economic Times

Wednesday, September 4, 2013

Loksabha Passes Pension Bill - Key Points

The Lok Sabha today passed the Pension Fund Regulatory and Development Authority Bill 2011, which will open the doors for foreign investment in pension funds. The bill aims to create a regulator for the pension sector and extend the coverage of pension benefits to more people. The Pension Bill has been hanging fire since 2005 when it was first introduced in the Parliament. It was again reintroduced in 2011.



Features of New Pension Bill


1: The Pension Fund Regulatory and Development Authority Bill 2011 will give statutory powers Pension Fund Regulatory and Development Authority (PFRDA) which was established in August 2003 as a regulator for the pension sector.

2: 
 The bill allows 26% foreign direct investment (FDI) in the pension sector or such percentage as may be approved for the insurance sector, whichever is higher. At least one of the pension fund managers shall be from the public sector.

3: 
 The subscriber seeking minimum assured returns shall be allowed to opt for investing their funds in such scheme providing minimum assured returns as may be notified by the authority.

4: Withdrawals will be permitted from the individual pension account subject to the conditions, such as, purpose, frequency and limits, as may be specified by the regulations.


5: This bill would also provide subscribers a wide choice to invest their funds including for assured returns by opting for government bonds etc as well as in other funds depending on their capacity to take risk.


6: 
  The passage of the bill could see pure pension products coming into the market. At present most of the pure pension products available in the market are linked with insurance coverage.

7: In 2005, the government had earlier introduced a pension bill but it lapsed as the Lok Sabha's term got over before the legislation could be passed.


8: The Pension Fund Regulatory and Development Authority Bill 2011 was reintroduced in the Lok Sabha in 2011 by the then finance minister Pranab Mukherjee and it was subsequently referred to a standing committee.


9: PFRDA's National Pension System (NPS) was made mandatory for all new government recruits, except armed forces, joining after January 1, 2004.


10:
   The NPS was later opened up to all Indian citizens from 2009 on a voluntary basis.
11:  The NPS allows its subscribers to invest in stock markets but there is a cap on equity investment. The NPS also offers subscribers the option of selecting the fund managers of their choice.

12: 
  The pension bill could help channelize funds into building long-term assets for the country, including the infrastructure sector. The government wants to ease rules for insurance and pension sectors to allow them to invest in infrastructure, where it is seeking $1 trillion investment till 2017

CONFEDERATION RELAY DHARNA AT ALATHUR



Monday, September 2, 2013

CONFEDERATION RELAY DHARNA IN FRONT OF PALAKKAD HPO

Evening  Relay Dharna being inaugurated by Com. A.Prabhakaran, Dt, President, CITU.










Sunday, September 1, 2013

PARASPARAM 2013 & FLORAL COMPETITION

Ambili R
Vijitha V
sreeja Viswanath
Tomsy George
Jayalakshmy
Veena
Deepthy
Anand
Parthasarathy
 Divisional office Team ATHAM

ASHA R
SMITHA
GIRIJA
LEKHA
PRAMOD
PRASEETHA
SHALINI
RAJESH
AZIZ
DHANYA
 PALAKKAD HO  III rd Prize  Team MOOLAM

Sruthy ashok
Rajeswari V
Anuja R
Vinod K
Rajitha krishnan
Viji V
Sajini 
Prakasini
Soumini
Rajeswary C
ALATHUR HO Team THIRUVONAM

BINDU SARATCHANDRAN 
JANAKI
JIJITHA 
JYOTHI 
MEENAKSHIKUTTY
MIRANDA 
NIRMALA DEVI
SOYA 
VIJAYASREE (SPM) 
DEVAYANI 
 II nd Prize  Team TRIKETTA

Vasanthi,
Lathadevi
Rema
Priyasree
Renju Swaminathan
Neethu
Salini
Sandhya
Jaya
Renuka
 Team CHITHIRA

Geetha
Vinitha
Ashitha
Lathika Nandakumar
Rathi devi
C M Vijaya
Anu
Sunil kumar
Pushpendran
Priya
 OLAVAKODE HO Team  VISHAKHAM

Nisha 
Pushpan 
Praseetha
Naseema
Hitha
Sushama
Anjal
C Velumani
Subair
Jayanthi K
  Team POORADAM 

Viajayalakshmi
Ushanandini
Remya PG
Rajeswari
Rema, SPM, Melarcode
Megha, PA, Mudappallur
Suja, PA, Nemmara
Narayani, SPM, Pallassana
Sakthipriya, SPM, Vadavannur
Manikandan, GDS BPM, Vattekad
 Team UTRADAM

Asha Prameela
Sangeetha
Nijin Raghav
Bindumol
Minimol
Sureshbabu
Ranjupriya
Premakumari
Gracy George
Divyamol
 Team CHOTHI

Hema
Rajani
Simi
Sailaja
Preetha
Sheena
Lakshmy
Beena
Dhanya
Mincy
 I st Prize  Team  ANIZHAM