1)Recruitment to posts in Pay Band -1 of Rs.5200-20200 with Grade Pay of Rs.1800/- from Ex-servicemen regarding 2)Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13

GOVERNMENT OF INDIA  (BHARAT SARKAR)  MINISTRY OF RAILWAYS (RAIL MANTRALAYA)  (RAILWAY BOARD) RBE No, 47/2013 No. E (NG)II/2009/RR-1/10. New Delhi, Dated: 10/05/2013 The General Manager (P),  All Zonal Railway & Production Units  (As per standard mailmg list) Sub: Recruitment to posts in Pay Band -1 of Rs.5200-20200 with Grade Pay of Rs.1800/- from Ex-servicemen regarding. Attention is invited to instructions issued vide Board’s letter No.E(NG)ll/2009/RR-1/10/Pt. dated 27.6.2012 (RBE No. 76/2012) wherein while directing to issue notification in July, 2012 for vacancies occurring in Pay Band -1 of Rs.5200-20200 with Grade Pay of Rs.1800/-, it was communicated that modalities for filling up of 20% ex-servicemen quota will be communicated separately. 2. The issue has been deliberated upon and it has been decided that zonal railways shall take immediate action for filling up of vacancies exclusively against ex-servicemen quota in terms of conditions mentioned in Board’s letter of even number dated 10.9.2010 (RBE No. 130/2010) taking into account 20% vacancies of ex-servicemen for which general notifications were issued in July, 2012 and also the other vacancies against the said quota which has remained unfilled before 01.01.2013. 3. Immediate action be taken for issuance of notification and the whole process should be completed by 15th October, 2013. Further, the panel may be drawn in such a manner that it adequately takes care of eventualities like non-turning up of candidates, failing in medical etc., after selection. Therefore, panels may be drawn large enough so that all the posts are eventually filled up. Please acknowledge receipt. (Hindi version will follow.) sd/- (Harsha Dass) Director Estt. (N)-II Railway Board Source: AIRF

Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13 Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13 The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme. PFRDA advises that various NPS schemes have earned the following average annual returns during the financial year recently ended on 31st March, 2013 (Weighted Average): Details are as under: Sr. No. Scheme Average returns (in %) 1 Central Government 12.39 2 State Government 13.00 3 Swavlamban 13.40 4 Private: Equity 8.38 5 Private: Corporate Debt 14.19 6 Private: Government Debt 13.52 Last year PFRDA had issued revised guidelines for Registration of Pension Fund Managers to manage NPS for Private sector, under which eight Pension Fund Managers have been registered so far- SBI Pension Funds Pvt. Ltd., UTI Retirement Solutions Ltd., LIC Pension Fund Ltd., Kotak Mahindra Pension Fund Ltd., Reliance Capital Pension Fund Ltd., ICICI Prudential Pension Funds Management Co. Ltd., HDFC Pension Management Co. Ltd. and DSP Black Rock Pension Fund Managers Pvt. Ltd. Pension Fund Managers are now allowed to prescribe their own fee subject to ceiling of 0.25% to enable an economically viable model for their operations. PFRDA also recently revised its Investment Guidelines, with a view to improve performance of Pension Fund Managers by direct investment in equity & corporate debt and not through mutual funds etc. Further for better risk management prudential sectoral norms have also been introduced. The National Pension System which was introduced by the Central Government in January 2004 for its new entrants and subsequently extended to the private sector in May 2009 has accumulated a corpus of Rs 33,000 crores contributed by 50 lakhs subscribers.