Latest news with #GPF
TimesLIVE
11 hours ago
- Business
- TimesLIVE
Chief investment and development officer of the Gauteng Partnership Fund
The Gauteng Partnership Fund (GPF) is seeking a strategic, technically astute, and visionary professional to fill the role of chief investment and development officer. This executive opportunity is ideal for a leader who is passionate about shaping the future of urban development and infrastructure investment in Gauteng. As a key member of the executive management team, the chief investment and development officer will lead GPF's efforts to unlock inclusive, impactful, and sustainable development projects in line with provincial and national priorities. This is a five-year fixed-term contract position based in Johannesburg. 1. Job purpose The chief investment and development officer will provide strategic leadership and expert guidance in planning, structuring, and delivering GPF's investment and development portfolio. The role is accountable for overseeing capital raising and capital mobilisation strategies, ensuring project bankability, operational readiness, and funding alignment with provincial and national objectives. 2. Key performance areas Investment structuring and capital mobilisation: Secure co-investment through blended finance models, special-purpose vehicles, and strategic partnerships with development finance institutions, banks, and private sector players. Capital raising: Develop and execute capital raising strategies including roadshows, investor engagement, and regulatory due diligence. Project development and implementation: Oversee the entire project life cycle from feasibility, procurement, and construction to handover. Property and asset management: Manage leases, acquisitions, and urban regeneration projects. Financial management and compliance: Ensure alignment with the Public Finance Management Act (PFMA), budgeting protocols, and effective cost control. People and performance leadership: Build and lead a high-performing team, fostering talent development, equity, and skills growth. Risk and stakeholder management: Lead risk mitigation, intergovernmental co-ordination, and public-private collaboration. 3. Minimum job requirements Education and certification Bachelor's degree in finance, engineering, the built environment, or project management. Professional registration and good standing with a recognised statutory or professional body (for instance, the Engineering Council of SA, South African Council for the Project and Construction Management Professions, or similar). FAIS RE1 certification preferred — demonstrating readiness to operate as a key individual in the financial services regulatory environment. A master's degree or MBA will be an added advantage. Experience Ten to 15 years' experience in investment and development. Seven to eight years in a senior/executive role such as chief investment and development officer or chief investment officer. Experience in urban development, financial structuring, public-private partnerships, and large-scale project implementation. Proven track record of managing projects in public and private sector partnerships. Technical competencies Advanced understanding of PFMA, capital markets, environmental, social, and governance (ESG), infrastructure packaging, and feasibility modelling. Strong leadership, stakeholder engagement, risk management, and financial structuring capabilities. Application instructions Applications must be submitted via the DirectHire platform only. No emailed or hand-delivered applications will be considered. The closing date for applications is July 4 2025. Preference will be given to:
Time of India
5 days ago
- Business
- Time of India
NWKRTC staff can now use Vayavya Snehi app for employment services
Hubballi: NWKRTC employees can now access various employment-related details on their smartphones. The 'Vayavya Snehi' mobile app provides a convenient platform to view monthly salary statements, track provident fund contributions, and monitor voluntary provident fund investments. Additionally, staff members can check their leave balance status instantly through this digital solution. The app streamlines administrative processes and reduces paperwork, making it easier for both officers and employees to manage their employment records. Users can download their salary slips directly from the app, eliminating the need to visit the accounts department. The provident fund statements are updated regularly, allowing staff to track their retirement savings. This digital initiative aims to enhance transparency and accessibility of employment information. The app's user-friendly interface ensures that all staff members, regardless of their technical expertise, can navigate through different sections easily. The leave management feature helps employees plan their time off by providing real-time information about their leave balance. This initiative demonstrates NWKRTC's commitment to embracing technology for improving employee services and operational efficiency. The app serves as a one-stop solution for accessing essential employment-related information and documents. The organisation plans to expand the app's functionality in the future to include more features and services. This digital transformation aligns with modern workplace practices. The app also ensures secure access to personal employment information through proper authentication measures. Priyanga M, managing director, NWKRTC, said the staff members are encouraged to download the Vayavya Snehi from authorised platforms and register using their registered mobile number and password. The organisation will provide necessary support and guidance to help employees familiarise themselves with the app's features. Regular updates and improvements will be implemented based on user feedback and organisational requirements. She also added that starting July 1, employees can submit their PF and GPF loan advance applications exclusively through the mobile application, as the manual submission process will be discontinued. Staff members will have the convenience of tracking their application status and loan disbursement timelines directly through the app, eliminating the need to visit offices or depend on officials for updates.
Hans India
7 days ago
- Business
- Hans India
Telangana govt. increases DA for employees, issues orders
The Telangana government has announced an increase in the Dearness Allowance (DA) for state employees and pensioners by 3.64 per cent, delivering positive news to many. Following the issuance of G.O. 78 and 79 by Finance Department Principal Secretary Sandeep Kumar Sultania, the new DA increase will take effect from 1 January 2023. With this adjustment, the current DA, which stands at 26.39 per cent, will rise to 30.03 per cent. Employees will see this increase reflected in their June salaries, to be disbursed in July. Notably, all DA arrears from 1 January 2023 to 31 May 2025 will be deposited into the General Provident Fund (GPF) accounts of employees. For those who have already retired, the DA arrears will be paid in 28 instalments. Additionally, 10 per cent of DA arrears for Contributory Pension Scheme (CPS) employees will be credited to their PRAN accounts, with the remaining 90 per cent paid out in the same instalment format alongside the June salary. The increase also applies to employees under the University Grants Commission (UGC) and All India Council for Technical Education (AICTE) pay scales, with their DA rising from 38 per cent to 42 per cent. In a recent cabinet meeting, it was decided to grant a two-part DA increase to employees, with one part to be awarded immediately and the second in six months. This latest DA hike includes employees at various levels, including district, mandal, gram panchyat, municipalities, municipal corporations, agricultural market committees, district library institutions, work-charged establishments, as well as teaching and non-teaching staff at aided institutions and universities.
The Hindu
05-06-2025
- Business
- The Hindu
Pension sanctioned to 55 people at special Adalat in Nellore
Pensions were sanctioned to as many as 55 people and the General Provident Fund (GPF) authorisation letters were given to 15 persons during a special Adalat held in Nellore on Wednesday. Pension and GPF Adalat was organised here to review and discuss about pending pension cases and GPF related issues for speedy resolution. Speaking to The Hindu, Shanthi Priya Sarella, Principal Accountant General (A&E), Andhra Pradesh, said, 'Pension and GPF Adalats have been organised across the State from 2022. The first Adalat was held in Visakhapatnam. Since I have assumed charge this January, Adalats were held at Kakinada and Rajahmundry where 50 pension cases and 20 issues related to GPF were resolved.' 'After Nellore, another Adalat will be conducted at Vinjamur in the same district. We are planning to hold Adalats at Bheemavaram and Amalapuram in the coming months. We are holding such meetings every quarter to cover all the districts of AP. The pension sanction documents will soon be provided electronically to retired government employees,' she informed. The Principal Accountant General said that every government employee should be aware of the documents that need to be attached with the application while sending pension proposals. She also said that there is no need to wait until retirement to send the said proposals. They can be sent three months in advance, Ms. Sarella said. She explained that many people are still sending pension proposals after retirement. Due to this, it has been noticed that the employees are upset that they have not been granted pension after retirement. From this month, the Electronic Pension Payment Order (EPPO) sanction documents will be provided electronically to employees retiring from few departments. A video has also been made on the procedure for submitting the application online, and this video will be made available to all employees. It explains the common mistakes made by employees. The sanction of pension is delayed mainly due to improper filling of nomination papers.
Time of India
04-06-2025
- Politics
- Time of India
End of delays: Ahmedabad government school staff get full dues on retirement day itself
1 2 3 4 Ahmedabad: For countless govt employees, the joy of retirement was often overshadowed by the anxiety of a long wait for their post-service benefits. However, in a pioneering initiative, govt school employees in Ahmedabad city, rural, and district panchayat areas are now receiving all their post-retirement benefits on the very day they retire, eliminating the long-standing delays of four to six months. This significant shift was highlighted at a special retirement felicitation ceremony recently organised for teachers, principals, and administrative staff retiring in May. During the event, Ahmedabad City district education officer (DEO) Rohit Chaudhary announced that all 130 retiring employees were provided their full benefits, including general provident fund (GPF), gratuity, and pension payment order (PPO) numbers, on the same day. These benefits typically require verification from trust boards and multiple layers of govt approvals, which often cause long delays. Similarly, Krupa Jha, DEO of rural Ahmedabad, confirmed that 70 secondary and 45 primary school teachers in rural areas also received all their due benefits on their retirement day. This initiative allows employees to begin their pensions from the very next month without any hassle. A GPF cheque is also handed over directly, freeing retirees from the burden of repeatedly visiting offices or navigating bureaucratic hurdles. Teachers who attended the ceremony expressed profound gratitude, emphasising that such initiatives spare them the ordeal of travelling to Gandhinagar or navigating corrupt systems that previously resulted in months of delay and unnecessary mental stress. They urged that this progressive model be implemented across the state so that all retiring govt employees can leave service with dignity and peace of mind, having received the fruits of their dedicated years of service on time. Neeta Shah, principal of Sheth Amulakh Vidyalaya in Ahmedabad, said, "Today, as I retire, a special ceremony was organised during which I received all my retirement benefits. This truly brings a sense of happiness to employees, as the retirement process usually takes a lot of time and involves running around to different offices." Kiran Banker, teacher from Ghatlodiya School, said, "Receiving the GPF and pension order on the very day of retirement is a great joy. These processes usually take a lot of time and effort. In the past, it would often take three to six months to complete everything." Ramesh Patel, teacher from Bhavna Higher Secondary School, shared, "Today, I received my GPF cheque and, under the 'Last Pay' scheme, I was also allotted my PPO number. I will submit it to the treasury office, and my pension will begin from next month itself."
