Latest news with #CentralCivilServices(Conduct)Rules
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Business Standard
2 days ago
- Politics
- Business Standard
EPFO warns zonal and regional offices over delay in relieving transfers
The Employees' Provident Fund Organisation (EPFO) has asked its regional and zonal offices to relieve officials promptly upon their transfer, warning that failure to comply will attract 'severe' disciplinary action. In a letter sent to all regional and zonal offices on Thursday, EPFO Chief Commissioner Ramesh Krishnamurthi expressed concern that non-compliance with transfer orders constitutes a 'serious' breach of discipline and undermines the authority of the Head Office. 'It has come to notice that certain zonal and regional offices have repeatedly failed to comply with the explicit orders of the Head Office regarding timely relieving of officials upon their transfer or reallocation. This constitutes a serious breach of discipline and undermines the authority of the Head Office,' the letter stated. The non-compliance with transfer orders hampers the smooth functioning of the social security organisation, as offices are forced to operate with reduced manpower. 'Be unequivocally warned that any future instance of failure to promptly relieve the transferred officers as per Head Office orders will result in stringent disciplinary action against the officer in charge under the provisions of the Central Civil Services (Conduct) Rules, 1964,' the letter further read. EPFO currently has 283 offices, including 21 zonal offices, 138 regional offices, 117 district offices, and its headquarters in Delhi. 'Any deviation, without specific approval from the Head Office, will be treated as wilful insubordination, inviting severe consequences,' the letter concluded.
News18
09-06-2025
- Business
- News18
Can Government Employees Invest In Stocks? Here's What The Rules Say
Last Updated: A government employee, whether working in state or central government, can invest in the share market but not speculate Investing Rules For Govt Employees: In India, there is a rising interest in stock market investing. The stock market offers opportunities for people of all ages to grow their wealth. However, for government employees in India, the rules around investing in stocks can be a bit more nuanced. What Do the Rules Say? Government employees in India are bound by the Central Civil Services (Conduct) Rules, 1964, which lay down strict codes of conduct to prevent conflicts of interest and ensure integrity in public service. Under these rules, government servants can invest in shares and debentures of listed companies, provided they do so in accordance with certain conditions. Key Restrictions and Guidelines Government employees can buy or sell shares, securities, and debentures through recognized stock exchanges. However, there are important caveats: As mentioned earlier, a government employee, irrespective of employment in the state or central government, can invest in the stock market under certain restrictions. Now, to invest in the stock market, opening a demat account is mandatory. Hence, a government employee can open a demat account to invest in the stock market. What About Mutual Funds? The good news for government employees is that mutual funds are typically not considered speculative. Investing in mutual funds is allowed, as long as it's for the purpose of long-term savings and not for short-term speculation. Additionally, government employees should also keep records of their transactions and consult their department's guidelines to ensure full compliance. For government employees who want to build wealth while following the rules, disciplined investing in mutual funds and long-term stock investments can be a prudent choice. Always remember: transparency and caution are key. First Published: June 09, 2025, 16:01 IST
New Indian Express
21-05-2025
- New Indian Express
Madras HC orders reinstatement of employee of ordnance factory after 15 year battle
CHENNAI: The Madras High Court has ordered the reinstatement of an employee of the Ordnance Factory with lesser punishment almost 15 years after he was asked to take compulsory retirement on charges of doubtful integrity after finding him keeping in possession a computer floppy containing copies of official communications without any authorisation. A division bench of Justices MS Ramesh and N Senthilkumar passed the orders recently to reinstate K Saravanan, an upper division clerk employed with the Heavy Alloy Penetrative Project, Tiruchy, an arm of the Ordnance Factory Board. He was asked to go on compulsory retirement on July 26, 2011 by the management for violation of the Rule 11 of Central Civil Services (Conduct) Rules, 1964. He approached the CAT against the order. The tribunal found that there was nothing to question the employee's integrity and the punishment was 'shockingly disproportionate and vindictive'. It set aside the order of compulsory retirement with the rider of a lesser punishment. During arguments in the high court, the management submitted that the Ordnance Factory is linked to national safety and the charges were serious. The bench reasoned, 'Even assuming that the photocopies were in the personal possession of the employee, no consequential prejudice was caused to the management, since he had not shared such official communications with any third person. In this view of the matter, both the charges can only be held to be minor in nature, which may not warrant the maximum penalty.' The bench ordered his reinstatement with a minor penalty within three months.
