Chv aibea
Tenth Bipartite Update
At last some happy news come towards struggle. UFBU hold an internal meeting with its constituents in Mumbai and took following decisions... :
At last some happy news come towards struggle. UFBU hold an internal meeting with its constituents in Mumbai and took following decisions... :
→ One Day Strike on 7th January
→ Four Days strike from 21st to 24th January
→ Indefinite Strike from 16th March onwards
More details soon. Bankers, prepare for battle. What we all were demanding, UFBU has at last came up with it.
Good bipartite is not at much distance now!
The Chairman / Managing Director / Chief
Executive Officer of participants of RTGS
Madam / Sir,
It has been the endeavour of the Reserve Bank of India to keep enhancing the systems, procedures, etc. to meet the growing needs of the markets/ customers. The launch of the new RTGS system in October 2013 was one of the steps taken by the Bank for catering to the growing volume and to provide liquidity saving and other features of the new system to the members.
2. Of late there has been a market demand for extending business hours of the RTGS system to facilitate customer and inter-bank transactions as also to facilitate other market obligations to settle in the RTGS system. Accordingly, the RTGS business hours are being revised to meet the market expectation.
3. It has hence been decided to advance RTGS business hours to 8:00 hours from 9.00 hours and extend closing time of RTGS to 20.00 hours on week days. RTGS business window will be open from 8.00 hours to 15.30 hours on Saturdays.
4. In view of the above, the RTGS time window will be modified as under with effect from December 29, 2014:
5. This circular is issued under Section 10 (2) of Payment & Settlement Systems Act, 2007.
6. Please acknowledge receipt.
Yours faithfully,
Vijay Chugh
Principal Chief General Manager
Apex court asks Centre not to appoint CVC, VC without its permission-Hindu Business Line-17.12.2014
New Delhi, Dec 17:
→ Four Days strike from 21st to 24th January
→ Indefinite Strike from 16th March onwards
More details soon. Bankers, prepare for battle. What we all were demanding, UFBU has at last came up with it.
Good bipartite is not at much distance now!
Business hours extended for RTGS transfers
Mumbai, December 15:
Now, get more time to make your online fund transfer through RTGS as in another boost to online banking, the Reserve Bank of India has decided to advance the working hours starting from 8 am to 8 pm.
“It has hence been decided to advance RTGS business hours to 8:00 hours from 9.00 hours and extend closing time of RTGS to 20.00 hours on week days. RTGS business window will be open from 8.00 hours to 15.30 hours on Saturdays,” RBI said in a notification.
The new working hours will be with effect from December 29, 2014.
Currently, the RTGS service window for customer's transactions is available to banks from 9.00 hours to 16.30 hours on week days and from 9.00 hours to 14:00 hours on Saturdays for settlement at the RBI end.
RTGS (Real Time Gross Settlement) is an electronic real-time fund transfer settlement individually, primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs. 2 lakh with no upper limit.
The launch of the new RTGS system in October 2013 was one of the steps taken by the Bank for catering to the growing volume and to provide liquidity saving and other features of the new system to the members, RBI said.
It added, “Of late there has been a market demand for extending business hours of the RTGS system to facilitate customer and inter-bank transactions as also to facilitate other market obligations to settle in the RTGS system. Accordingly, the RTGS business hours are being revised to meet the market expectation.”RBI/2014–15/352
DPSS (CO) RTGS No. 1064 / 04.04.002 / 2014-15
DPSS (CO) RTGS No. 1064 / 04.04.002 / 2014-15
December 15, 2014
The Chairman / Managing Director / Chief
Executive Officer of participants of RTGS
Madam / Sir,
Extension of RTGS time window
It has been the endeavour of the Reserve Bank of India to keep enhancing the systems, procedures, etc. to meet the growing needs of the markets/ customers. The launch of the new RTGS system in October 2013 was one of the steps taken by the Bank for catering to the growing volume and to provide liquidity saving and other features of the new system to the members.
2. Of late there has been a market demand for extending business hours of the RTGS system to facilitate customer and inter-bank transactions as also to facilitate other market obligations to settle in the RTGS system. Accordingly, the RTGS business hours are being revised to meet the market expectation.
3. It has hence been decided to advance RTGS business hours to 8:00 hours from 9.00 hours and extend closing time of RTGS to 20.00 hours on week days. RTGS business window will be open from 8.00 hours to 15.30 hours on Saturdays.
4. In view of the above, the RTGS time window will be modified as under with effect from December 29, 2014:
|
S. No.
|
Daily Events
|
Timing on Weekdays / Regular Days
|
Timing on Saturdays / Short Days
|
|
1.
| Open for Business | 08:00 hours | 08:00 hours |
|
2.
| Initial Cut-off | 16:30 hours | 14:00 hours |
|
3.
| Final Cut-off | 19:45 hours | 15:00 hours |
|
4.
| IDL Reversal | 19:45 hours – 20:00 hours | - |
|
5.
| End of Day | 20:00 hours | 15:30 hours |
5. This circular is issued under Section 10 (2) of Payment & Settlement Systems Act, 2007.
6. Please acknowledge receipt.
Yours faithfully,
Vijay Chugh
Principal Chief General Manager
Apex court asks Centre not to appoint CVC, VC without its permission-Hindu Business Line-17.12.2014
New Delhi, Dec 17:
The Supreme Court today asked the Centre to take its permission before appointing the Central Vigilance Commissioner (CVC) and Vigilance Commissioner (VC) and also sought details about the selection process.
A bench comprising Chief Justice H L Dattu and Justice Madan B Lokur, however, allowed the government to continue with the selection process.
During the hearing, Attorney General Mukul Rohatgi, appearing for the Centre, informed the court that he will be filing the relevant records pertaining to the selection process in a sealed cover.
The bench was hearing a PIL filed by NGO Centre for Integrity, Governance and Training in Vigilance Administration, alleging that the Centre was going ahead with the appointment of CVC and VC without giving wide publicity to the vacancies arising on the completion of tenure of the then CVC Pradip Kumar and the then VC J M Garg.
Kumar and Garg completed their tenure on September 28 and September 7, respectively.
During the hearing on September 18, the apex court had rapped the Centre for lack of transparency in the selection process of CVC and VC, following which government gave the assurance that no final decision will be taken without its nod.
Raising questions on lack of transparency in selection process of CVC and VCs, the apex court had said this promotes “favouritism and nepotism” and had asked why only bureaucrats are picked for the posts and not common people.
Enumerating the selection process, the Attorney General had submitted that the Cabinet Secretary and 36 other secretaries propose the names of 120 people for the post out of which 20 names are taken and five people are shortlisted and forwarded to the selection committee.
The PIL had referred to the July 21 letter issued by the Secretary, Department of Personnel and Training (DoPT), to secretaries in the government to suggest names for empanelment for the post of CVC and VC, allegedly aimed at keeping away common people.
The NGO had contended the Centre ought to have similar procedure for making appointment of CVC and VCs as is being done in the case of filling up one post of chairperson and eight posts of members in the Lokpal under the provisions of the Lokpal and Lokayuktas Act, 2013.
No comments:
Post a Comment