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::ANNUAL REPORT::

ANNUAL REPORT 2011-2012

Annual Report, 2011-2012

               On the working of Assam Tea Plantations Provident Fund and Pension Fund and Deposit Linked Insurance Fund Scheme for the year from 01-04-2011 to 31-03-2012.

INTRODUCTION

 

           It has been the constant endeavour of the Assam Tea Plantations Provident Fund and Pension Fund and Deposit Linked Insurance Scheme, borne out of an Act of the Assam Legislative Assembly on 12-09-55, to uplift the socio-economic conditions of the tea workers employed in the tea plantations of Assam. With this aim in view, the Board of Trustees has been administering the following social security programmes for the benefit of the tea workers of Assam.
 
  • Provident Fund Scheme (1955)
  • Life Insurance Scheme (1963)
  • Pension-cum-Family Pension Scheme (1967/72)
  • Deposit Linked Insurance Scheme (1984)
 
     This report covering the period from 1st April 2011 to 31st March 2012, endeavours to give an objective picture about the working and progress made by this organization during the 57th year of its activity.
 

PROVIDENT FUND

1.         (a)     Coverage :  

                     All tea estates or tea factories as defined in Section 2 (f) of the Act are compulsorily covered to implement the provisions of the Act and the Scheme framed thereunder. Some small units which do not fulfill the required conditions, are exempted from the operation of the Act.
             

              995 tea estates/factories were covered as on 31.03.2012

                 
Table No. 1 gives the office-wise no. of tea plantations.

ANNUAL REPORT 2011-2012

1. (b)  Membership  :

                   Employees employed whether permanent or temporary and drawing wages upto Rs. 6500/- per month are compulsorily enrolled as Provident Fund members. However, personnel of managerial and executive   cadres are left outside the purview of the Act.

                   As on 31-03-2012, 8,08,002 members (including temporary workers) were subscribing to the fund.

 Table No. 2 shows the office-wise no. of members.

2. Collection of PF Contributions  :

 

                The contribution to the Provident Fund is required to be deducted at source by the employers at the rate of 12% of the wages of the employees and deposit along with an equal amount as the employer’s share of contribution into the Board’s Account No. 1 in any branch of State Bank of India, United Bank of India or Central Bank of India.

                   In the event of failure on the part of the employers to deposit the contribution within 30 days of collection, the employers are liable to pay a statutory interest at the rate of 15% of the amount in arrear.

                   Savings in Provident Fund are protected against attachment under section 6 of the Act.

                   A sum of Rs.272,16,96,000/- was receivable as gross Provident Fund Contributions during the year under report.

                   Table No.3 shows the year-wise collections.

3. Advances from Provident Fund  :

 

                   Although the basic aim of the Scheme is to inculcate the habit of savings amongst its members, the Scheme offers advances from Provident Fund Deposits on certain specified grounds. The advance may be refundable or non-refundable and available on the following ground :

ANNUAL REPORT 2011-2012

  1. Marriage or death ceremony in the family.
  2. Economic hardship due to specified conditions.
  3. Purchase of Shares of Co-operative Societies formed by the members themselves.
  4. Payment of Life Insurance Premium.
  5. Specialised medical treatment of the member/member of the family.
  6. Higher/technical education of the children of the member.

 

During the year the undernoted transactions took place :

Particulars

Amount

  1. Advance paid
  2. Interest realised

Rs.2,29,39,943.79
Rs.   44,15,458.06

  4. Provident Fund Settlement  :

         On cessation of membership, the employers are empowered to make prompt payment of the Provident Fund deposits of members with interest thereon, from out of the periodical collection of Provident Fund Contribution. In case of shortage of fund at the disposal of the employers, the required amount is remitted from the Board’s Head Office on receipt of requisition from the concerned employers. In order to encourage the members to develop the habit of savings through bank account with its corollary benefits and at the same time to discourage wasteful expenditure of money, all payment in settlement of claims exceeding Rs. 5,000/- are made by cheque instead of by cash.

         During the year a sum of Rs.187,20,27,554.23 was paid in settlement of Provident Fund Accounts.

         Table No. 4 shows the year-wise payments.

5. Investment of Fund  :

 

         The Net Provident Fund Collections are invested in instruments approved by the Investment Committee of the Board of Trustees under the provisions of the Act & Scheme and directions issued by the Govt.  Interest earnings are also similarly re-invested. The total investment during the year amounted to Rs.289,03,50,000.00

              Table no. 5 shows the year-wise investment.  

ANNUAL REPORT 2011-2012

6. Interest  :

           Members Provident Fund deposits are credited with interest at the rate declared every year by the Board. During the year an amount of Rs.361,57,94,448.17 was credited as interest at 9%
The total amount of interest earned during the year amounted to Rs.504,51,45,791.51
An amount of Rs.26,46,09,333.00 was transferred to the Pension-cum-Family Pension Fund for the purpose of feeding the Fund as Board’s contribution.

7. Legal Action  :

           The Act provides for penal action against the employers in the event of failure to deposit Provident Fund Contributions within 30 days of collection. In addition to payment of statutory interest at the rate of 15% of the amount in default, the defaulting employers are also liable to pay damages upto a maximum of 100%, Bakijai proceedings and criminal prosecution entailing fine and imprisonment.

           The Board has initiated appropriate legal actions against chronic defaulters.

The following table will show the position of legal actions  :

  1. Cases filed during the year 2011-2012
  2. No. of cases                     : 31
    No. of tea estates             : 31

  3. Total No. of cases pending as on 31.03.2012
  4. No. of cases                     : 590
    No. of tea estates             : 170

  5. Total Principal involved as on 31.03.2012     Rs.1,52,47,43,807.97

Total Realisation as on 31.03.2012   (–)      Rs.   33,57,90,224.65                                      
                                          Total Balance           Rs.1,18,89,53,583.32

 

8.  Primary Committee  :
As per provisions of Para 21 of the scheme a Primary Committee is constituted in every tea estate to oversee the functioning of the Scheme. This democratic forum ensures workers participation in the management of the affairs of the Scheme at unit level. A vigilant and active Primary Committee thus protects the interest of the members.

ANNUAL REPORT 2011-2012

9. Administration Cost  :

              The Cost of administration of the Provident Fund Scheme is borne by the employers of the plantations.

               This administration cost is paid annually by the employers at the rate fixed and declared every year by the Board, which for the year was 3.5% of the gross P.F. collection during the preceeding year.

              The total administration cost realised and due for the year was Rs.8,33,70,000.00

10. Statement of PF Accounts to members  :

 

              The members are furnished with annual computerised statement of Accounts showing the details of their Provident Fund Deposits.

11. Life Insurance  :

 

              Under the Life Insurance Scheme (optional) which is in the closing stages of its operation, the following payments were made during the year:

Particulars

No. of claims settled

Amount paid

  1. 60% refund of premia
  2. Death claim
  3. Maturity value

 

Nil
Nil
Nil

Nil
Nil
Nil

 
PENSION-CUM-FAMILY PENSION SCHEME

12. Scope and Coverage:

 

    1. All the provident fund members are automatic beneficiaries of this Scheme and without any financial liability on the part of either the employers or the employees. The scheme provides for payment of pensionary benefits to the members on retirement from service.
    2.  The Family Pension Scheme introduced in 1972 provides for family pension to the family of a deceased member of the Fund who dies while in service.

ANNUAL REPORT 2011-2012

13. Benefits  :
    1. A member retiring from service gets pensionary benefits at the rate and scale provided in the rules framed under Para 42 of the Scheme. The quantum of benefit is linked with-
      1. Age on the date of retirement,
      2. Period of membership in the Fund, and
      3. Provident Fund balance on the date of retirement.
    1. The quantum of Family Pension admissible to the family is linked with the Provident Fund Balance of the deceased member, and ranges from Rs. 175/- to Rs.450/- per month in addition to lumpsum payment of Rs.2000/-

 

The payments made under the Scheme during the year were as follows  :


Nature of Claims

No. of claims settled

Amount paid

i)  Pension on Retirement
ii) Family Pension

22,870
17,983

Rs.66,19,75,790.00
Rs.  8,49,82,850.00

        Table No. 6 shows year-wise payment.

14. Pension-cum-Family Pension Fund  :

 

            The fund is built up of annual contributions by the Govt. of India and the Board of Trustees at the rates of 11/6% and 21/3% respectively of the wages of the employees covered under the scheme. The Board’s contribution is made by transferring the stipulated amount annually from the interest earned.

      The Fund position during the year was as follows  :
i) Opening balance as on 01-04-2011                       Rs.31,49,41,182.39
ii) Add. Board’s contribution                                       Rs.26,46,09,333.00
iii) Add. Govt. of India’s contribution                         Rs.13,23,04,666.00
iv) Add. Interest on fixed deposit                                 Rs.  6,43,12,470.00
                                                                              ____________________________
                                                         Total                Rs.77,61,67,651.39
vi) Less  : Settlement of Claims                                     Rs.72,78,27,598.88
                                                                                       ___________________
                                                                Grand Total           Rs.  4,83,40,052.51

ANNUAL REPORT 2011-2012

15. Invalid Pension  :

            The rules provide for payment of Invalid Pension at the rate of Rs. 60/- per month for life to any member becoming invalid due to occupational hazard as defined and described in the Scheme.

There has not been any claims so far under these rules.

16. Cost of Administration  :

                     The entire cost of administration of the Pension-cum-Family Pension Scheme is borne by the Govt. of India on the basis of actuals, which during the year amounted to Rs.6,10,24,235.00

DEPOSIT LINKED INSURANCE SCHEME

17. Scope and Coverage  :

                     The Scheme offers insurance benefit to the family of a deceased member of the Fund for which neither the member nor the beneficiary is required to make any contribution.

18. Benefit  :

                     In the event of death of a member of the Fund having a minimum balance of Rs. 1000/- at credit on the day of death, the family of the deceased gets the insurance benefit equivalent to the Provident Fund balance of the deceased, subject to the maximum of Rs. 30,000/- w.e.f. 01-04-2010

19. Settlement of Claims  :

                      Payment in settlement of DLI Claim is made by opening Savings Bank Account in the name of the beneficiary instead of cash payment.

                      The following claims were settled during the year  :

  1. No. of Claims settled  : 991
  2. Amount paid   : Rs.2,07,68,859.00

Table No.7 shows the year-wise payment of DLI claims.

20. Contribution of DLI Fund  :

                      The DLI Fund is built up by contribution from the employers of the tea estates and the Govt. of India at the rates of 0.5% and 0.25% respectively of the wages of the members.

ANNUAL REPORT 2011-2012

          The Fund position during the year was as shown below  :

  1. Opening balance as on 01-04-2011                       Rs.61,60,35,752.15         
  2. Add. Contributions from the employers:              Rs.  5,67,02,000.00
  3. Add. Contributions from the Govt. of India:       Rs.  2,83,51,000.00
  4. Add. Transfer from interest on investment
  5. of 5 years POTD:                                              .   Rs.20,94,17,466.16        .
                                                                             Total       Rs.91,05,06,218.31

5. Less  : Settlement of Claims:                                Rs.  2,07,68,859.00

                                                                               ______________________
                                                   Grand Total           Rs.88,97,37,359.31
                                                                             ______________________

21. Cost of Administration  :

                  The Cost of Administration are met by the employers of tea estates/factories covered and the Govt. of India at the rates of 0.1% and 0.05% respectively of the wages of the members.

     The Fund position during the year was as shown below  :

  1. From the employers  :                                           Rs.  1,13,40,400.00
  2. From the Govt. of India  :                                    Rs.     56,70,200.00

                                                                                   _______________________
                                                            Total               Rs.  1,70,10,600.00
                                                                                   _______________________

21. (A) Legal Action  :

                    The Board has initiated appropriate legal actions against chronic defaulters.
The following table will show the position of legal action.

  1. Cases filed during the year 2010-12
  2. No. of cases          : 1
    No. of T.E’s          : 1

  3. Total no. of cases pending as on 31.3.2012
  4. No. of cases          : 119
    No. of tea estates  :   66

  5. Total amount of contribution in arrear as on 31.3.2012  Rs.1,34,90,757.14

 

 

                

ANNUAL REPORT 2011-2012

Addendum

Assam Gratuity Act, 1992 and Assam Gratuity Fund Scheme, 1993

                   Implementation of the Assam Gratuity Act & Scheme will be taken up on receipt of the Govt. of Assam’s approval to proposed amendments of the Act & the Scheme.

ANNUAL REPORT 2011-2012

GENERAL:

22. Bank Account  :

             The State Bank of India, United Bank of India and Central Bank of India function as bankers to the Board of Trustees. The undernoted accounts are maintained in these banks:

    1. Provident Fund        :     6 Accounts. (No.  1,2,2A,3,4,5)
    2. Life Insurance         :      2 Accounts. (No. 7,8)
    3. Pension                    :     1  Account. (No. 9)
    4. DLI                          :     6  Accounts. (No. 11,12,12A,13,14,15)
    5. Board’s Staff PF      :     1  Account. (No. 6)
23. Statement of PF Accounts to Members  :

            The Provident Fund Accounts are maintained by the employers in scheduled forms. On receipt of the annual individual PF Accounts in Form No. 5 from the tea plantations or factories these are checked and reconciled in the Board’s Office and thereafter individual statement of PF accounts of the members are prepared through computerisation and sent to the tea estates or factories for distribution to the members.

24. Progress of Fund  :

            The average Provident Fund balance of a member as on the closing date of the year works out at Rs.98,160.00
The overall Fund position as on 31-03-2012 stood at Rs.5319,05,61,076.27
The working and management of the Fund are considered satisfactory.
The Balance Sheet as on 31st March 2012 is appended to this report.

25. Administration of the organization  :

(A) Board of Trustees  :
As per provisions of the Scheme, the responsibility of administering different schemes in operation is vested in the Board of Trustees constituted by the Govt. of Assam as per provisions under Para 3 of the Scheme. The Board of Trustees was constituted with the following Trustees:

  1. Sri P. Majhi                                                                 Chairman

Minister, Labour & Employment, Assam

  1. Sri K.K. Mittal, IAS                                                  Vice – Chairman                                  

Principal Secretary, Govt. of Assam
Labour & Employment Deptt. (Upto 29/04/2011)

  1. Sri. R.S. Prasad, IAS                                                              Vice – Chairman

Commissioner & Secretary, Govt. of Assam
Labour & Employment Department. (w.e.f. 30-04-2011)

  1. Sri S.K. Barla                                                              Member Secretary

Secretary-Cum-P.F. Commissioner

         

ANNUAL REPORT 2011-2012

           Government Nominees  :

  1. Secretary to the Govt. of Assam, Finance Deptt.            Member
  2. Labour Commissioner, Assam.                                          Member
  3. Regional PF Commissioner (NER) EPFO                         Member
  4. Chief General Manager, State Bank of India                   Member

           Employers Representatives  :

  1. Sri. M. Das Gupta                                                                 Member
  2. Secretary General, Indian Tea Association 

  3. Sri. K. Basu                                                                           Member
  4. Secretary General, Tea Association of India

  5. Sri. S.K. Lohia                                                                       Member
  6. Bharatia Chah Parishad

  7. Sri. D. Bora,                                                                           Member
  8. Secretary, Assam Tea Planters Association, Jorhat

    Employees Representatives  :

  9. Sri. P.S. Ghatowar, President,                                             Member
  10. ACMS, Dibrugarh (upto 26/07/2011)

  11. Shri D. Tanti, General Secretary                                        Member
  12. ACMS, Dibrugarh (w.e.f. 27/07/2011)

  13. Sri. G.C. Barpatragohain, General Secretary,                  Member
  14. Assam Chah Karmachari Sangha (Central)

  15. Sri. S. Misra                                                                          Member
  16. Asstt. General Secretary, Cachar Cha Sramik Union

  17. Sri R.P. Singh, MLA                                                             Member

ACMS Branch, Tringrai


           The Executive Committee and the Investment Committee were constituted as shown below:
Executive Committee  :

  1. Chairman, Board of Trustees.
  2. Vice-Chairman, Board of Trustees.
  3. Secretary-cum-PF Commissioner, Board of Trustees.
  4. Labour Commissioner, Assam
  5. Sri M. Dasgupta
  6. Sri P.S. Ghatowar  (upto 26/07/2011)
  7. Sri D. Tanty (w.e.f. 27/07/2011)

 

ANNUAL REPORT 2011-2012

            Investment Committee  :

  1. Chairman, Board of Trustees.
  2. Vice-Chairman, Board of Trustees.
  3. Secretary-cum-PF Commissioner, Board of Trustees.
  4. Chief General Manager, SBI
  5. Sri. K. Basu  
  6. Sri. G.C. Barpatragohain

During the year under report, meetings were held as indicated below:
No. of Meetings held  :-
                                                            Board of Trustees. :  2 (two)

(B)       Board’s Offices  :
             While the Head Office of the board is located at Guwahati there are other field Offices at the following stations:

             Zonal Offices                                                          Inspectorate Offices
  1. Tezpur                                                                         1.    Nagaon
  2. Jorhat                                                                          2.    Mangaldai
  3. Golaghat                                                                     3.    North Lakhimpur
  4. Sibsagar                                                                       4.    Sonari
  5. Dibrugarh                                                                    5.     Karimganj
  6. Tinsukia                                                                       6.    Guwahati
  7. Silchar

The names of the Board’s Officers as on the closing day of the year, were as shown bellow:

HEAD OFFICE

  1. Sri. S.K. Barla                                Secretary-Cum-PF Commissioner  
  2. Sri. S. Das                                      Addl. P.F. Commissioner
  3. Sri. A.K. Das                                                  -do-
  4. Sri. A. Das                                                      -do-
  5. Sri. S. Deka                                                     -do-
  6. Sri. A.K. Barua                               Dy. P.F. Commissioner
  7. Sri. D.K. Saikia                                               -do-
  8. Sri. S. Bharali                                                  -do-
  9. Sri. A. Srivastava                                            -do-
  10. Sri. S. Tanti                                                     -do-
  11. Sri. J.K. Sarma                                Asstt. P.F. Commissioner
  12. Smti. N. Deb                                   Fund Control Officer
  13. Smti P. Das                                                     -do-
  14. Sri. R.K. Dutta                                Executive Engineer

ANNUAL REPORT 2011-2012

  1. Sri. R.K. Das                                      Sr. Administrative Officer
  2. Sri. P.S. Choudhury                           Administrative Officer
  3. Smti. M.N. Condpan                                 -do-
  4. Sri. S.K. Bhowmik                             Registrar
  5. Sri. B. Das                                                   -do-
  6. Smti R. Deb Ray                                        -do-
  7. Smti A. Chakrabarty                                             -do-
  8. Sri K. Shah                                                 -do-
  9. Sri G.K. Deka                                             -do-
  10. Sri R.K. Das                                                            -do-
  11. Smti R.S. Bora                                            -do-

FIELD OFFICES
Dibrugarh  :

  1. Sri. A.K. Baruah                                        Asstt. PF Commissioner
  2. Sri. N. Chutia                                                Fund Control Officer
  3. Sri. P. Lodhi                                                  Asstt. Fund Control Officer
  4. Smti N. Sashani                                            Registrar

Tinsukia  :

  1. Sri. U.P. Saikia                                              Asstt. PF Commissioner        
  2. Sri. S. Horo                                                Fund Control Officer        
  3. Sri. M. Thakur                                               Asstt. Fund Control Officer
  4. Sri B.K. Rava                                                Registrar

Tezpur  :

  1. Sri. B. Kumar                                                Asstt. P.F. Commissioner                
  2. Sri D. Das                                          Fund Control Officer
  3. Sri P.C. Kakati                                              Asstt. Fund Control Officer
  4. Sri. B.K. Sarma                                             Registrar

Silchar  :

  1. Sri. A. Rajbongshi                                        Asstt. PF Commissioner             
  2. Sri. D. Choudhury                                        Fund Control Officer                
  3. Sri. J. Sen                                                       Registrar    

Jorhat  :

  1. Sri. A. Condpan                                            Asstt. PF Commissioner
  2. Sri P. Kondoli                                               Fund Control Officer
  3. Sri N. Dutta                                                   Registrar

 

 

ANNUAL REPORT 2011-2012

           Sibsagar  :

  1. Sri. J. Changmai                                              Asstt. PF Commissioner   
  2. Sri. S.K. Baruah                                             Fund Control Officer
  3. Sri. S.P. Baruah                                               Registrar

            Golaghat  :

  1. Sri. R. Goswami                                              Asstt. PF Commissioner
  2. Sri. N. Roy Choudhury                                              -do-
  3. Sri S. Barhoi                                                    Fund Control Officer
  4. Sri P. Barla                                                      Asstt. Fund Control Officer

Karimganj :

  1. Sri. A.K. Saikia                                               Fund Control Officer
  2. Sri D. Sen                                                        Asstt. Fund Control Officer

Nagaon  :

  1. Sri. G.K. Kalita                                               Fund Control Officer
  2. Sri L. Murmu                                                  Asstt. Fund Control Officer   

Mangaldoi  :

  1. Sri. D. Bhattacharjee                                       Fund Control Officer
  2. Sri S. Nath                                                      Asstt. Fund Control Officer

Sonari  :

  1. Sri. B.C. Bhuyan                                             Fund Control Officer

North Lakhimpur  :

  1. Sri. B.R. Sahu                                                 Fund Control Officer

                     During the year under report the following officers and staff retired from the Board’s services.

  1. Sri M. Mazumdar, Registrar                                       -           w.e.f.30/04/2011
  2. Sri S. Topno, Senior Asstt.                                         -           w.e.f.31/07/2011
  3. Sri P.K. Goon, Asstt. P.F. Commissioner                   -           w.e.f.31/08/2011
  4. Sri S.C. Mali, Senior Asstt.                                         -           w.e.f.30/11/2011
  5. Sri P. Changmai, Duftry                                             -           w.e.f.30/11/2011
  6. Sri A.L. Kurmi, Asstt. P.F. Commissioner                 -           w.e.f.30/11/2011
  7. Sri A. Mahanta, Asstt. P.F. Commissioner                 -           w.e.f.30/11/2011
  8. Sri I. Prasad, Asstt. P.F. Commissioner                      -           w.e.f.31/12/2011
  9. Sri S.C. Sarmah, Adm. Officer                                   -           w.e.f.31/12/2011
  10. Smti S.P. Sarmah, Registrar                                        -           w.e.f.31/01/2012
  11. Smti S. Dutta, Senior Asstt.                                       -           w.e.f.31/01/2012
  12. Sri H. Chakrabarty, Registrar                                     -           w.e.f.29/02/2012
  13. Sri D. Das, Senior Asstt.                                             -           w.e.f.31/03/2012

              Name with designations of the officers and staff who died during 2011-12 while in service of the Board alongwith the dates of death.

  1. Late G. Singh, Peon                            -           28/08/2011
  2. Late M. Sarkar, Supdt                                    -           14/12/2011

 

ANNUAL REPORT 2011-2012

Conclusion  :

           The Board records its appreciation for the loyal and sincere service rendered by the employees of all categories.
The Board also expresses its gratitude to all concerned people for their co-operation.

 

Table No. 1 (Para-1)
No. of Tea Estates : Office wise.

ZONAL OFFICES

As on 31-03-2012

Dibrugarh
Tinsukia
Sibsagar
Jorhat
Golaghat
Tezpur
Silchar

216
217
43
98
104
55
68

 

 

 

34
25
29
21
59
26

INSPECTORATE OFFICES

 

Karimganj
Nagaon
Mangaldoi
North Lakhimpur
Sonari
Guwahati

Total    

           995

 

ANNUAL REPORT 2011-2012

Table No. 2 (Para-1)
No. of PF Members : Office wise.


ZONAL OFFICES

As on 31-03-2012

Permanent

Temporary

Dibrugarh
Tinsukia
Sibsagar
Jorhat
Golaghat
Tezpur
Silchar

77,778
79,436
30,207
40,687
41,551
48,098
34,133

 

 

15,587
14,035
21,150
20,185
20,495
9,819

49,537             
1,10,171
27,735
22,447
10,994
40,145
6,301

 

 

812                                  
10,830
30,976
18,443
18,187
8,263

INSPECTORATE OFFICES

Karimganj
Nagaon
Mangaldoi
North Lakhimpur
Sonari
Guwahati

Total

            4,53,161

            3,54,841

Total PF Members including temporary as on 31-03-2012 : 8,08,002
Table No. 3
Gross Provident Fund Collections  :

          Year                                                                                                Amount

 1955 to 1984                                                                                     Rs.       1,75,55,23,360/-
1984 to 1985                                                                                      Rs.          17,52,27,562/-
1985 to 1986                                                                                      Rs.          18,25,74,080/-
1986 to 1987                                                                                      Rs.          18,70,52,404/-
1987 to 1988                                                                                      Rs.          19,77,80,898/-
1988 to 1989                                                                                      Rs.          23,36,02,070/-
1989 to 1990                                                                                     Rs.          34,00,43,319/- 
1990 to 1991                                                                                      Rs.          39,01,22,142/-
1991 to 1992                                                                                      Rs.          45,00,16,485/-
1992 to 1993                                                                                      Rs.          46,40,01,070/-
1993 to 1994                                                                                      Rs.          49,51,99,898/-
1994 to 1995                                                                                      Rs.          52,00,00,000/-
1995 to 1996                                                                                      Rs.          76,00,00,000/-
1996 to 1997                                                                                      Rs.          90,00,00,000/-
1997 to 1998                                                                                      Rs.          98,00,00,000/-
1998 to 1999                                                                                     Rs.        1,01,00,00,000/-
1999 to 2000                                                                                     Rs.        1,24,80,00,000/-
2000 to 2001                                                                                     Rs.        1,44,00,00,000/-
2001 to 2002                                                                                     Rs.        1,58,40,00,000/-
2002 to 2003                                                                                     Rs.        1,70,40,00,000/-
2003 to 2004                                                                                     Rs.        1,75,20,00,000/-
2004 to 2005                                                                                     Rs.        1,75,20,00,000/-
2005 to 2006                                                                                     Rs.        1,78,80,00,000/-
2006 to 2007                                                                                     Rs.        1,83,60,00,000/-
2007 to 2008                                                                                     Rs.        1,95,60,00,000/-
2008 to 2009                                                                                     Rs.        2,03,53,20,000/-
2009 to 2010                                                                                     Rs.        2,12,83,20,000/-
2010 to 2011                                                                                     Rs.        2,38,20,00,000/-
2011 to 2012                                                                                     Rs.         272,16,96,000/-

      Total                                                                                Rs.  3336,84,79,225/-

ANNUAL REPORT 2011-2012

Table No. 4 (Para-4) Settlement of Provident Fund Claims:

           Year                                                                                                   Amount

 1955 to 1984                                                                                      Rs.       68,05,05,343.00
1984 to 1985                                                                                      Rs.         7,61,16,982.00 
1985 to 1986                                                                                      Rs.         9,24,28,584.00
1986 to 1987                                                                                      Rs.         9,84,24,803.00
1987 to 1988                                                                                      Rs.       10,78,37,342.00
1988 to 1989                                                                                     Rs.       13,80,89,600.00  
1989 to 1990                                                                                   Rs.       15,06,19,080.00    
1990 to 1991                                                                                      Rs.       16,42,20,320.00
1991 to 1992                                                                                      Rs.       22,02,16,126.00
1992 to 1993                                                                                      Rs.       20,00,13,541.00
1993 to 1994                                                                                      Rs.       21,79,97,466.00
1994 to 1995                                                                                      Rs.       21,20,25,633.00
1995 to 1996                                                                                      Rs.       43,37,83,639.00
1996 to 1997                                                                                      Rs.       61,35,57,941.00
1997 to 1998                                                                                      Rs.       63,54,80,211.00
1998 to 1999                                                                                      Rs.       69,45,69,413.00
1999 to 2000                                                                                      Rs.       71,88,82,217.44
2000 to 2001                                                                                      Rs.       95,98,57,773.42
2001 to 2002                                                                                      Rs.       89,76,30,608.78
2002 to 2003                                                                                      Rs.     128,12,54,697.79
2003 to 2004                                                                                      Rs.     142,62,46,079.70
2004 to 2005                                                                                      Rs.     147,51,38,442.02
2005 to 2006                                                                                      Rs.     140,80,43,974.20
2006 to 2007                                                                                      Rs.     134,88,89,525.69
2007 to 2008                                                                                      Rs.     141,35,29,308.17
2008 to 2009                                                                                      Rs.     195,21,89,861.23
2009 to 2010                                                                                      Rs.     213,11,63,938.73
2010 to 2011                                                                                       Rs.     254,78,24,530.04
2011 to 2012                                                                                       Rs.     187,20,27,554.23

      Total                                                                                      Rs.  2416,80,64,535.44

Table No. 5 (Para-5) Investment of Fund:

            Year                                                                                                    Amount

 1955 to 1984                                                                                     Rs.       1,82,81,24,741/-
1984 to 1985                                                                                      Rs.          25,80,65,191/-
1985 to 1986                                                                                      Rs.          25,83,10,000/-
1986 to 1987                                                                                      Rs.          36,63,20,450/-
1987 to 1988                                                                                      Rs.          31,62,80,641/-
1988 to 1989                                                                                      Rs.          37,48,20,000/-
1989 to 1990                                                                                     Rs.          44,01,51,220/- 
1990 to 1991                                                                                      Rs.          66,85,00,000/-
1991 to 1992                                                                                      Rs.          65,04,15,000/-
1992 to 1993                                                                                      Rs.          70,66,75,200/-
1993 to 1994                                                                                      Rs.          84,79,50,000/-
1994 to 1995                                                                                      Rs.        132,73,50,000/-
1995 to 1996                                                                                      Rs.       1,28,18,26,500/-
1996 to 1997                                                                                      Rs.       1,39,28,10,000/-
1997 to 1998                                                                                      Rs.       1,36,61,20,000/-
1998 to 1999                                                                                      Rs.       1,71,07,50,000/-
1999 to 2000                                                                                      Rs.       2,04,80,75,600/-
2000 to 2001                                                                                      Rs.       2,62,56,01,000/-
2001 to 2002                                                                                      Rs.        213,01,54,000/-
2002 to 2003                                                                                      Rs.        272,95,57,000/-
2003 to 2004                                                                                      Rs.        257,05,90,000/-
2004 to 2005                                                                                      Rs.        211,77,80,000/-
2005 to 2006                                                                                      Rs.        174,12,45,000/-
2006 to 2007                                                                                      Rs.        312,59,83,936/-
2007 to 2008                                                                                      Rs.          93,09,00,000/-
2008 to 2009                                                                                      Rs.          64,84,05,000/-
2009 to 2010                                                                                      Rs.        406,78,38,064/-
2010 to 2011                                                                                      Rs.        449,61,00,000/-
2011 to 2012                                                                                      Rs.        289,03,50,000/-

      Total                                                                                       Rs.     4591,70,68,544/-

ANNUAL REPORT 2011-2012

Table No. 6 (Para-13) Payment of Pension and Family Pension Claims

          Year                                                                                     Amount

 1955 to 1984                                                                                      Rs.       13,99,12,858.00
1984 to 1985                                                                                   Rs.         2,58,53,796.00
1985 to 1986                                                                                      Rs.         3,79,14,445.00
1986 to 1987                                                                                      Rs.         3,51,64,530.00
1987 to 1988                                                                                      Rs.         4,55,93,226.00
1988 to 1989                                                                                     Rs.         5,88,08,771.00  
1989 to 1990                                                                                   Rs.         2,24,69,155.00    
1990 to 1991                                                                                      Rs.         8,00,30,487.00
1991 to 1992                                                                                      Rs.         8,22,50,679.00
1992 to 1993                                                                                      Rs.         8,89,01,154.00
1993 to 1994                                                                                      Rs.         9,93,10,584.00
1994 to 1995                                                                                      Rs.       11,67,93,356.00
1995 to 1996                                                                                      Rs.       13,40,65,211.00
1996 to 1997                                                                                      Rs.       14,77,27,245.00
1997 to 1998                                                                                      Rs.       12,87,44,729.00
1998 to 1999                                                                                      Rs.       22,08,94,533.00
1999 to 2000                                                                                      Rs.       22,62,34,204.41
2000 to 2001                                                                                      Rs.       24,70,00,569.82
2001 to 2002                                                                                      Rs.       24,06,37,913.33
2002 to 2003                                                                                      Rs.       31,69,95,877.25
2003 to 2004                                                                                      Rs.       25,56,51,203.62
2004 to 2005                                                                                      Rs.       30,52,88,225.61
2005 to 2006                                                                                      Rs.       26,67,21,939.00
2006 to 2007                                                                                      Rs.       46,63,05,239.88
2007 to 2008                                                                                      Rs.       46,68,44,019.87
2008 to 2009                                                                                      Rs.       35,01,45,976.48
2009 to 2010                                                                                      Rs.       29,22,86,830.67
2010 to 2011                                                                                       Rs.       48,91,46,912.00
2011 to 2012                                                                                       Rs.       74,69,58,640.00

      Total                                                                                       Rs.   613,46,52,310.94

Table No. 7 (Para-19) Payment of Deposit Linked Insurance Claims

          Year                                                                                     Amount

 1984 to 1985                                                                                     Rs.                    72,828/-          
1985 to 1986                                                                                       Rs.               36,83,632/-          
1986 to 1987                                                                                      Rs.               31,50,724/-
1987 to 1988                                                                                      Rs.               70,06,198/-
1988 to 1989                                                                                      Rs.               97,66,701/-
1989 to 1990                                                                                      Rs.               63,18,459/-
1990 to 1991                                                                                      Rs.           1,25,21,086/- 
1991 to 1992                                                                                      Rs.            1,16,79,852/-
1992 to 1993                                                                                      Rs.               95,81,335/-
1993 to 1994                                                                                      Rs.            1,52,70,436/-
1994 to 1995                                                                                      Rs.            1,20,05,973/-
1995 to 1996                                                                                      Rs.            1,34,22,673/-
1996 to 1997                                                                                      Rs.            1,76,29,526/-
1997 to 1998                                                                                      Rs.            1,19,25,358/-
1998 to 1999                                                                                      Rs.            1,66,16,694/-
1999 to 2000                                                                                      Rs.            1,53,20,605/-
2000 to 2001                                                                                      Rs.            1,84,06,298/-
2001 to 2002                                                                                      Rs.            1,57,77,608/-
2002 to 2003                                                                                      Rs.            2,08,27,655/-
2003 to 2004                                                                                    Rs.            1,89,72,081.72
2004 to 2005                                                                                    Rs.            1,44,70,199.01
2005 to 2006                                                                                    Rs.            1,80,19,397.00
2006 to 2007                                                                                    Rs.            1,89,60,829.00
2007 to 2008                                                                                    Rs.            1,98,13,848.01
2008 to 2009                                                                                    Rs.            2,03,56,376.76
2009 to 2010                                                                                    Rs.            2,15,91,587.37
2010 to 2011                                                                                    Rs.            1,90,28,974.00
2011 to 2012                                                                                    Rs.            2,07,68,859.00

      Total                                                                                     Rs.          39,29,65,792.87

Notice

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