SB Order No. 19/2020

F. No. 113-02/2019-SB
Govt. of India
Ministry of Communications
Department of Posts
(Financial Services Division)

Dak Bhawan, New Delhi-110001
Dated: 26.05.2020

To,

All Head of Circles/Regions

Subject : Regarding extending the prescribed time limit of one month post retirement for retirees to invest in Sr. Citizen Savings Scheme (SCSS).

Madam / Sir,

The undersigned is directed to inform that vide O.M. No. 3/3/2019-NS (Pt.1) dated 21.05.2020, the MoF (DEA) has decided to relax some regulatory provisions to safeguard the interest of Small Savings Depositors in view of the lockdown in the country due to COVID-19 pandemic.

Also check: Guidelines for Tenure Transfer for the year 2020-21 to ensure economy in expenditure under TA/TP

2. Accordingly the following relaxation guidelines in reference to Sr. Citizen Savings Scheme (SCSS) are issued with immediate effect regarding :

• Individual retired (within the age bracket 55-60 years) on Superannuation or otherwise and got retirement benefits in February-2020, March-2020 and April-2020 are eligible to open SCSS account up to 30th June, 2020.
• Personnel from Defence Services retired and got retirement benefits in February-2020, March-2020 and April-2020 are also eligible to open SCSS account up to 30% June, 2020 under the prescribed eligibility conditions applicable to them.

3. It is requested to circulate it to all concerned for information and necessary action. The same may also be placed on the notice boards of the Post Offices in public area.

Also read: Compensation of Rs.10 lakhs to Postal Employees to cover death due to COVID-19

4. This issues with the approval of Competent Authority.

Yours Faithfully,

( Devendra Sharma )
Assistant Director (SB)

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Press Information Bureau
Government of India
Ministry of Heavy Industries & Public Enterprises

10-December-2013 18:31 IST

Post- Retirement Employment of Functional Director of CPSES

The Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, has issued guidelines dated 15th May, 2008 which provide that no functional Director of the company including the Chief Executive who has retired/resigned from the service of the company, after such retirement/ resignation, shall accept any appointment or post, whether advisory or administrative, in any firm or company, whether Indian or foreign, with which the company has or had business relations, within one year from the date of retirement without prior approval of the Government.

Giving this information in written reply to a question in the Rajya Sabha today, Shri Praful Patel, Minister of Heavy Industries and Public Enterprises, said that the term retirement includes resignation; but not the cases of those whose term of appointment was not extended by Government for reasons other than proven misconduct. The term ‘business relations’ includes ‘official dealings’ as well.

Shri Patel said that the period of one year has been prescribed keeping in view similar provisions applicable for Government servants.

Source: http://90paisa.blogspot.in/2013/12/post-retirement-employment-of.html

The post Post- Retirement Employment of Functional Director of CPSES appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.