29 June 2012

NEW PENSION SCHEME and A BIG CHEATING BY THE Rec. Trade unions



New Pension System Trust



In pursuant to the advice of the Central Government vide letter D.O. No 5(75)/2006-ECB & PR dated 24th April 2007; The NPS Trust was established by PFRDA on 27th February, 2008 with the execution of the NPS Trust Deed and the Board of Trustees of NPS Trust was formed with three members to begin with. Subsequently three more Members were included in the Board. The term of the Trustees is for two years. Sh. N.R.Rayalu was also appointed CEO also of the NPS Trust on his retirement as Dy CAG, Government of India w.e.f 12th June 2008.

At present the Board of NPS Trust, reconstituted on 26th March 2010 is as under:-

1. Sh Yogendra Narain            Chairman 
2. Sh.N.R.Rayalu                    Trustee & CEO
3. Sh. Umraomal Purohit         Trustee, President AIRF.
4. Sh.G.N.Bajpai                    Trustee
5. Sh.Naresh Dayal                 Trustee

The NPS trust has been set up and constituted for taking care of the assets and funds under the NPS in the interest of the beneficiaries (subscribers). In fulfillment of its objectives, as broadly mentioned in the Deed, the NPS Trust supervises the Pension Fund Managers and interacts with other intermediaries like Trustee Bank (Bank of India), Central Record Agency (NSDL), Stock Holding Corporation of India Ltd, etc. The Trust is empowered to enter into agreements with other intermediaries and operating agencies to discharge its obligations.

As part of its obligations, the NPS Trust ensures that:-

·       the PF(s) has been diligent in empanelling the brokers, in monitoring securities transactions with brokers and avoiding undue concentration of business with any broker;

·       the PF(s) has not given any undue or unfair advantage to any associates or dealt with any of the associates of the Pension Fund in any manner detrimental to interest of the beneficiaries;

·       the PF(s) has been managing the Fund Schemes independently of other activities and has taken adequate steps to ensure that the interests of the beneficiaries are not compromised;

·       all the activities and the transactions of the PF(s) are in accordance with the provisions of the PFRDA guidelines/directions.

A memorandum of Understanding was signed between PFRDA and the NPS Trust highlighting the rights and obligations of both the parties on 1st July 2009.

To begin with the NPS was operational for the Central Govt Employees (except defense forces) joining the service on after 1.1.2004. Subsequently the State Governments have also started joining the NPS. Three Fund managers as mentioned below were appointed to manage the Funds of the Government employees with effect from 1.1.2008.

·        SBI Pension Funds Private Limited
·        UTI Retirement Solutions Limited
·        LIC Pension Fund Limited
The NPS was opened up for all citizens of India with effect from 1stMay 2009.  PFRDA appointed six Pension Fund Managers to manage the funds of the new subscribers.

  ·   SBI Pension Funds Private Limited
·     UTI Retirement Solutions Limited
·     ICICI Prudential Pension Funds Management Company limited
·     Kotak Mahindra Pension Fund Limited
·     IDFC Pension Fund Management Company Limited
·     Reliance Capital Pension Fund Limited
Agreements with all the Pension Fund Managers have been signed. Agreement has also been signed with the Stock Holding Corporation of India who acts as custodian of investment Instruments. So far thirteen State Governments /UT have joined the NPS by signing the agreement with the NPS Trust. More State Governments have shown their inclination to join the NPS Architecture.

A quarterly review of the Pension Fund managers is carried out by the NPS Trust to review and evaluate the performance of the Fund Managers and make suggestions for improvement.

SIMRAN - IIT KANPUR + RDSO PROJECT


Meet SIMRAN: IIT Kanpur & Indian Railways Project To Track Trains
******************************************************

   "SIMRAN" will tell you the exact status of the train and its location via SMS or website. SIMRAN stands for Satellite Imaging For Rail Navigation for Real Time Passenger Information System being developed. IIT Kanpur and Research Designs & Standard Organization (RDSO), Lucknow are jointly working on the project. The total investment Indian Government is making in the project is around Rs. 100 crores. The project will use GPS data to monitor trains and provide real time information about the location of the train to users. The SIMRAN project aims to track every train in India and provide accurate information about its speed, location and direction. The information will be made available to users via display boards, SMS, IVRS systems and Internet website. The project received sanction to procure hardware and develop software in 2007. 
In order to obtain train status information through SMS, users will have to send SMS to 09415213409 OR 09415213409 in the following format T <train number=""> Example: T 12301</train>

INDIA'S LONGEST RAILWAY TUNNEL EXCAVATED IN KASHMIR


India's longest railway tunnel excavated in J-K

Srinagar, Oct 14 (PTI) The Kashmir rail link project took a significant leap today with the completion of excavation work of a 11km-long tunnel, the longest in the country, underneath the rugged Pir Panjal mountains. The Pir Panjal tunnel, which constitutes a vital link between Udhampur and Qazigund of the national project, runs below the existing Jawahar road tunnel and promises to reduce the travelling distance between Banihal and Qazigund from 35 km to only 11 km. "It is one of the modern tunnels of the world, which also has provision for a 10-feet wide parallel road running adjacent to the rail track for carrying out rescue work," said Member (Engineering), Railway Board, A P Mishra this afternoon.

      Given its length, proper ventilation has been provided and measures will be taken to provide mobile connectivity for seamless communication even while travelling through it, he said, adding the entire tunneling work will be completed within six to seven months. Considered a major engineering achievement for railways, the tunnel, which is the second longest tunnel in Asia after China's Wushaoling tunnel (20 km) in Gansu, was executed by Hindustan Construction Company at a cost running close to Rs 1,100 crore.
        "In other words, Rs 100 crore was spent for constructing a km of the tunnel," Mishra said. The total excavated quantity from the tunnel is equal to a mountain, said officials of the construction firm. "There were several challenges like the unpredictable nature of the rock, the strain and ingress of water and harsh weather but we overcame them through careful planning and efficient use of technology," said project manager of the construction firm, Sharanappa Yalal.

                                                                                              NREU

ACHIEVEMENTS DESIGN & DEVELOPMENT OF TRACTION IN INDIAN RAILWAYS

ACHIEVEMENTS DESIGN & DEVELOPMENT OF TRACTION IN INDIAN RAILWAYS

1) WDS3 DIESEL LOCOMOTIVE (BG) 
?  650 hp gross power 
?  Dual service i.e. main line & shunting 
?  MAYBACH MD435 MaK engine ?  Axle load 19 t 
?  Speed potential ;?? main line 65 km/h ?? shunting 27 km/h 
?  Suri hydro-mechanical transmission  
?  Wheel arrangement O-C-O



2). WDM2 DIESEL ELECTRIC LOCOMOTIVE

?  Mixed Service Broad Gauge 
?  16 cylinder fuel efficient 251B engine 
?  2600 hp gross power ?  Axle load 18.8 t  
?  Maximum operating speed 120 km/h  ?  Co-Co tri-mount bogie
?  AC-DC transmissionWDM3A Diesel Electric Locomotive ?  Mixed Service Broad Gauge ?  16 cyl. uprated fuel efficient 251B engine ?  3100 hp gross power ?  Axle load 18.8 t  ?  Maximum operating speed 120 km/h  ?  Co-Co tri-mount bogie ?  AC-DC transmission



3).WDP1 DIESEL ELECTRIC LOCOMOTIVE

?  Passenger Service Broad Gauge 
?  12 cyl. uprated fuel efficient 251B engine 
?  2300 hp gross power 
?  Axle load 20 t  
?  Maximum operating speed 120 km/h  
?  Two stage flexi-coil suspension Bo-Bo bogie ?  AC-DC transmission



4).WDG3A CLASS DIESEL ELECTRIC LOCOMOTIVE 

?  Freight Service Broad Gauge 
?  16 cyl. uprated fuel efficient 251B engine 
?  3100 hp gross power 
?  Axle load 20.5 t  
?  Maximum operating speed 100 km/h  
?  High Adhesion Co-Co tri-mount bogie 
?  AC-DC transmission



5).WDP3A CLASS DIESEL  ELECTRICAL LOCOMOTIVE 

?  Passenger Service Broad Gauge 
?  16 cyl. uprated fuel efficient 251B engine 
?  3100 hp gross power 
?  Axle load 19.5 t  
?  Maximum operating speed 160 km/h  
?  Co-Co 2-stage 3-axle flexi coil bogie 
?  AC-DC transmission



6).WDM3D CLASS DIESEL ELECTRIC  LOCOMOTIVE 

?  Mixed Service Broad Gauge 
?  16 cylinder up-rated fuel efficient 251B engine 
?  3300 hp gross power with hotel load facility ?  Axle load 19.5 t  
?  Maximum operating speed 120 km/h  
?  Co-Co high adhesion bogie 
?  AC-DC transmission with micro-processor based control system



7).WDG4 CLASS  DIESEL ELECTRIC  LOCOMOTIVE 

?  Freight Service Broad Gauge 
?  16 cylinder 2-stroke fuel efficient 710GB engine 
?  4000 hp gross power
?  Axle load 21 t  
?  Maximum operating speed 100 km/h 
?  High Adhesion HTSC Co-Co bogie 
?  3-phase AC-AC transmission 
?  EM2000 microproceesor control computer



8).WDP4 CLASS DIESEL ELECTRIC LOCOMOTIVE 

?  Passenger Service Broad Gauge 
?  16 cylinder 2-stroke fuel efficient 710G3B engine 
?  4000 hp gross power 
?  Axle load 19.5 t  
?  Maximum operating speed 160 km/h  
?  High Adhesion HTSC (A-A-I 1-A-A) bogie ?  3-phase AC-AC transmission 
?  EM2000 microprocessor control computer



9). WDP4 CLASS DIESEL ELECTRIC LOCOMOTIVE 
? Passenger Service Broad Gauge 
?  16 cylinder 2-stroke fuel efficient 710G3B engine 
?  4500 hp gross power 
?  Axle load 19.5 t  
?  Maximum operating speed 160 km/h  
?  High Adhesion HTSC (A-A-I 1-A-A) bogie ?  Indigenous IGBT based 3-phase 


10).DIESEL ELECTRICAL MULTIPLE UNIT 
?  Passenger Service Broad Gauge 
?  700 hp gross power 
?  Speed potential upto 80 km/h  
?  Axle load 18.65 t
?  On-board power & cooling equipment 
?  Passenger capacity 792 (seating 288, standing 504)



11). DIESEL HYDRAULIC MULTIPLE UNIT

?  Passenger Service Broad Gauge 
?  700 hp gross power ?  Speed potential upto 95 km/h  ?  Axle load 17 t 
?  Under-slung Cummins engine and Voith transmission 
?  Passenger capacity 854 (seating 319, standing 535)



12). DIESEL HYDRAULIC MULTIPLE UNIT

?  Passenger Service Meter Gauge 
?  350 hp gross power 
?  Speed potential upto 75 km/h  
?  Axle load 11.96 t 
?  Electric transmission  
?  Passenger capacity 1184 (seating 424, standing 760)



13).RAILBUS , PASSENGER SERVICE BROAD GAUGE 

?  152 hp gross power 
?  Speed potential upto 70 km/h  
?  Axle load 14 t 
? Frame mounted Cummins engine & hydraulic transmission  
? Passenger capacity 152 (seating 76, standing 76)



14).RAILBUS

?  Passenger Service Meter Gauge 
?  120 hp gross power 
?  Speed potential upto 55 km/h  
?  Axle load 11 t 
?  Frame mounted Ashok Leyland engine & hydraulic transmission  
?  Passenger capacity 120 (seating 60, standing 60)



15). DIESEL ELECTRIC MULTIPLE UNIT

?  Passenger Service Broad Gauge 
?  1400 hp gross power 
?  Speed potential upto 100 km/h  
?  Air springs on the bogies for comfort riding 
?  Transmission-electrical 
?  Passenger capacity 1092 (seating 384, standing 708)



16). DIESEL ELECTRIC MULTIPLE UNIT for J&K SECTION

?  Passenger Service Broad Gauge 
?  1400 hp gross power 
?  Speed potential upto 100 km/h  
?  Ergonomically and aesthetically designed Centrally heated coaches 
?  Heating of coaches by underslung DA set ?  Passenger capacity 1776 (seating 618, standing 1158) 
? Provision of accessible facilities for persons with disabilities



17).WDM CLASS DIESEL LOCOMOTIVE 

?  Passenger Service on 610 mm Narrow Gauge 
?  Manufactured for Neral - Matheran hill & Darjeeling-Himalayan section with 1 in 20 grade 127? curve & 132? curve respectively upto 16 km/h 
?  340 hp gross power 
?  Speed potential upto 30 km/h  
?  O-B?-O bogie