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Deduction of LIC premia of employees of Aided Institutions through SPARK - Approved - Orders issued.

                      At present LIC premia of state Government employees are deducted by the Drawing and Disbursing Officers concerned from the monthly salary and details of deduction forwarded to LIC office in eectronic data format. In the case of staff working under Government Aided institutions, this has not been made compulsory.
                      The Senior Divisional Manager, LIC, Thiruvananthapuram vide Letter No. Nil dated 16.6.2016  has requested to extend the system followed for state Government employees to the staff members of Government Aided Institutions also as both policy holders and LIC find it difficult in reconciling their accounts.
                      The Government have examined the matter in detail and are pleased to accord sanction to Drawing and Disbursing Officers of Government Aided Institutions to deduct the LIC premia of their employees through SPARK as being done in the case of employees in other Government offices under KGSD scheme.The Director of Treasuries shall submit the data relating to deductioh of premia to LIC electronically as in the case of State Government employees

Bank strike 12-07-2016 and 13-07-2016 called off

                      The bank employees' strike planned for July 12 and 13 was called off late on Monday, after the Delhi High Court earlier in the day accepted the plea of the State Bank of India (SBI) to restrain the strike by its associate banks.

                   SBI had asked for a restraining order as bank operations are likely to get affected at its associate banks. The Delhi HC accepted the SBI's plea and restrained bank unions - State Sector Bank Employees Association (SSBEA) and All India Bank Employees' Association (AIBEA) from going ahead with the strike, according to agency reports.