Simply find the best possible online shopping Gio Goi deals
Shop Gio Goi products and compare prices and listings on popular online marketplaces.
The Delhi high court has ruled that central armed police forces (CAPF) will be entitled to the old pension scheme (OPS), which provides a guaranteed payout following retirement. HC cited Constitution’s Article 246 to conclude that CAPF personnel fall under the definition of armed forces and, thereby, are eligible for guaranteed pensions. The background to the judgment is that central government personnel who joined in January 2004 onwards are not eligible for OPS. Instead, they are grouped under the national pension scheme (NPS), which functions on the lines of EPF. There are no guaranteed payouts in NPS and the benefits that accrue to pensioners depend on the returns generated by their investments.
HC’s ruling is inconsistent with reality. A GoI written response in Parliament said that CAPF personnel who joined since January 2004 have been part of NPS. It’s a situation where bureaucratic sloppiness in drafting notifications has led to a judicial verdict at odds with reality. GoI needs to appeal and get matters sorted. Separately, it’s important that Parliament has a discussion on the perils of reckless promises on reversion to OPS. It took a rare moment of unanimity among major political parties to shift to NPS, and its…
At the heart of the argument for central bank 'independence' - an issue relatively lost in the melee after Monday's Supreme Court 4:1 verdict upholding GoI's 2016 demonetisation decision - lies the Phillips curve: the relationship between inflation, which central bankers are mandated to control, and employment, a job best left to governments. But a neat division of responsibilities is almost impossible to accomplish primarily because monetary and fiscal policies must work in harmony, which they rarely do. There are also questions over the efficacy of central bank actions over various parts of the business cycle - using cheap credit to revive demand is a bit like pushing on a string, and higher borrowing costs can sometimes be counterproductive when inflation is originating on the supply side. A diffusion of objectives is inescapable and financial markets tend to amplify this policy incongruity, as with their bet on how far central banks are prepared to go in the current battle with inflation. Historical experience points to a policy bias in favour of employment.
The water is muddied further in developing economies where central banks don multiple hats, such as being the government's debt manager as well as regulator for banks…
Jiwaka province is set to have its own correctional service facility this year.
Jimi MP Wake Goi (pictured) made this announcement this week saying the facility is being planned to be built at Gobo village in Upper Jimi.
He said the decision to build the prison facility in Jimi was approved by the Correctional Services Minister in consultation with the CS Commissioner.
Jiwaka Governor Simon Kaiwi, Anglimp-South Waghi MP Ruman Joe Kuli and North Waghi MP Benjamin Mul have agreed to the decision to build the facility will at Gobo in Upper Jimi, next to the recently announced all-girls school of excellence which is currently under construction.
Mr Goi said in the last 10 years several locations have been identified in both North and South Waghi districts but due to land issues the prison project has been put on hold.
“All our convicts have been sent to nearby prison facilities in Baisu in Western Highlands Province and Barawagi in Chimbu Province.
“We are aware of the overcrowding issues in those existing facilities and our own prison facility ease those burdens,” he said.
“Jimi is geographically disadvantaged and it’s such an ideal location for the facility.
“I’m confident the project will…