Monday, April 11, 2016
Circle Conference : Uttar Pradesh
It has been reported by Circle Secretary, UP Circle that 39th Biennial Circle Conference of their Circle will be held on 15th and 16th April 2016 at Heritage Hotel, Charbaug, Lucknow 226001.
Sunday, April 10, 2016
Rates on small savings schemes may fall further
Interest
rates on small savings schemes are set to fall further in the next few quarters
with yields on government bonds coming down. Last month, while revising the
rates, the government had said the returns will now be benchmarked to
government bonds and reviewed once every three months.
RBI
governor Raghuram Rajan's monetary policy on Tuesday brought down yields on
government securities marginally. The returns on government bonds are set to
drop further as the RBI moves to improving liquidity in the money market.
According
to India Ratings, interest rates on small saving schemes in the second quarter
(July-September) of 2016-17 fiscal are likely to be 20-25 basis points lower
than in the first quarter (100 basis points = one percentage point). This is because
of the measures announced by Rajan in his policy this week to improve
liquidity. The new rates came into effect from April1and resulted in a rush for
investments in the last week of March.Small savings directly compete with and
offer higher rates than fixed deposit schemes of banks. Rajan said that the
rush for small savings and tax-free bonds resulted in a slower growth in
deposits. He said the new rates continued to be attractive and may need to come
down further.
Source:-The
Economic Times
Friday, April 8, 2016
Public Services International Meeting at Chennai
Sub Regional Secretary, Public Services International - South Asia has invited GS and CHQ Treasurer for the TUR Project Discussion at Chennai on 11th and 12th April 2016. Both are attending the meeting. Meeting will be held at Hotel Raj Park, #180, T.T.K.Road, Alwarpet, Chennai 600018.
GS has also decided to hold meeting of all IP/ASPs working in Chennai City on 12th April 2016 to discuss the issues related to cadre.
Shri S. Aruldoss Circle Secretary TN Circle and G. Babu ASP are arranging the meeting at Chennai and they will inform to all IP/ASPs to attend the same.
Supplementary DPC for PS Gr. B cadre .... updates
As
we know that Directorate vide memo No. 9-02/2015-SPG dated 2.3.2016 has
called for information and APARs of few officers from circles for holding of
supplementary DPC for PS Gr. B cadre for vacancies of 2015-16. It is sorry to
bring to kind notice of our members that despite issue of email and telephonic calls by Directorate
information from Bihar / Chattisgarh / Jharkhand / Haryana / Karnataka / North
East / Rajasthan and West Bengal Circle are not received. Last
date for submission of information was given as 10/3/2016 so that DPC can be convened by the end of last financial year. But no positive response received from circles. Now one months
period is elapsed and there is also no any progress in submission of information by the circles.
Circle
Secretaries, CHQ Office Bearers and IP/ASPs working Bihar / Chattisgarh /
Jharkhand / Haryana / Karnataka / North East / Rajasthan and West Bengal are
once again requested to meet their circle administration on Monday the, 11th
April 2016 and ensure submission of requisite information on that day
itself and give information to GS through CHQ whatsApp group or SMS. This may be treated as URGENT.
To view Directorate's above memo, please CLICK HERE.
Biggest news of 2016 for Central Government pensioners
Most
readers would be aware that the orders regarding calculation of pension of
pre-2006 retirees based on minimum of pay within the pay band for each separate
grade/rank and not on minimum of the pay band itself, with arrears from
01-01-2006 rather than 24-09-2012, were issued for Central Government
pensioners in July 2015 by the Government as per the decision of the Delhi High
Court, which essentially followed a decision of the Punjab & Haryana High
Court, and then upheld by the Supreme Court. The High Court had held that the
anomaly (though later removed by the Government itself from 24-09-2012) had to
be removed from the date of the inception of the anomaly, that is, 01-01-2006.
Similar orders were later issued by the Ministry of Defence.
On
a similar analogy, many decisions by various Benches of the Central
Administrative Tribunal (and then upheld by the High Courts) were rendered
de-linking the service requirement of 33 years for grant of full pension for
pre-2006 retirees at par with post-2006 retirees for whom there is no such
requirement. Some Special Leave Petitions preferred by the Government against
such orders were also dismissed, though not by way of detailed decisions. The
Punjab Haryana High Court had also passed a detailed verdict on the same
subject for pensioners of the Central Armed Police Forces. Till date, the
pensions of pre-2006 pensioners with less than 33 years of service (including
weightage) were being calculated by way of proportionate reduction.
Through
this earlier post dated 22-01-2016, in view of multiple queries in this regard,
I had informed by way of general information that the matter of issuance of
orders on this subject for similarly placed retirees was being examined by the
Department of Pensions & Pensioners’ Welfare, Ministry of Law & Justice
and Ministry of Finance.
The
Department of Pensions and Pensioners’ Welfare has now issued universal orders
giving effect to the judicial decisions of the High Courts and has removed the
requirement of 33 years service for full pension. Now, irrespective of length
of service, all pre-2006 pensioners shall be eligible for full pension as is
admissible to those pre-2006 pensioners who had rendered 33 years or more
service including weightage. Full arrears are also admissible with effect from
01-01-2006. The biggest gainers would be voluntary retirees and those released
from service on medical grounds or before completing full service. The orders
can be downloaded by clicking here. Similar orders should now be issued for
defence pensioners also by the Ministry of Defence.
A
word of caution- This change would not affect the concept of One Rank One
Pension (OROP) applicable with effect from 2014 since while this development is
based on 50% of minimum emoluments introduced by the 6th Central Pay Commission
for each grade, the concept of OROP is based on live data of actual pension
based on real time emoluments as per length of service of in-service personnel.
Readers are hence requested not to mix up the two dispensations which operate
by way of separate dynamics.
We
must again place on record extreme gratitude to the Department of Pensions and
Pensioners’ Welfare functioning under Ministry of Personnel, Public Grievances
& Pensions which has once again taken a stand for all Central Government
pensioners and ensured issuance of universal directions just on simple
dismissal of a Special Leave Petition by the Supreme Court even without a
detailed order. One cannot also help but compare this with the attitude of the
Ministry of Defence which continues to file appeals against its pensioners and
disabled pensioners based on artificial distinctions even when the law has been
fully settled by the Supreme Court in a plethora of detailed landmark decisions
and which also militates against the grain of the opinion expressed by the
highest of political executive, including the Prime Minister. I however
maintain and retain full hope that the current Raksha Mantri would be able to
rein in the unruly horses.
Source: www.indianmilitary.info
DPC : JTS Gr. A for the year 2016-17
APARs and other required information of following officers are said to be submitted to Directorate. CS of these circles will confirm.
7. Ranjeet Singh Rana (UP)
13. Fayaj Babamiya Sayyad (Maharashtra)
14. Satyabadi Biswal (Odisha)
15. Daitari Rana (Odisha)
20. Reoti Singh (UP)
21. Shiv Ram Meena (UP)
22. G. N. Prasad (UP)
23. Balmeek (UP)
24. M. L. Rawat (UP)
Information from AP / Bihar / Delhi / Gujarat / Karnataka /Rajasthan / Tamil Nadu / Uttarakhand and West Bengal circle yet to reach at Directorate. File is to be sent to UPSC for giving the date to convene the DPC for the vacancy year 2016-17. Hence, all officers working in above circles are once again requested to ensure submission of required and requisite information to the Directorate within a couple of days.
Since 12/2/2016 GS is requesting all members to ensure submission of information called for by Directorate, but till date there is no progress as expected and therefore issue is badly delayed.
Since 12/2/2016 GS is requesting all members to ensure submission of information called for by Directorate, but till date there is no progress as expected and therefore issue is badly delayed.
My Postman App launched by DoP not Only introduces residents to their Postman, but also allows them to order Stamps And Envelopes
Gurgaon:
There is no need to visit the post office any more. You can now get postage
stamps and envelopes delivered at your doorstep.
A
new mobile app, launched by the postal department, not only introduces
residents to their postman, but also allows them to order stamps and envelopes.
Once residents enter their area, the app, called My Postman, throws up the
name, number and photo of that area's postman.
"We
realised since that fewer people stay at home, they do not get to know their
postman unlike earlier. Hence we thought of using technology to introduce
customers to their postman," said Umesh Verma, postmaster general,
Gurgaon. "Once the customer has the credentials, he can coordinate with
the postman while awaiting delivery of important documents like
passports," he added.
Along
with this, all postmen have been asked to carry smart phones so that they can
home deliver stamps and envelopes, which residents can order through the app.
The third party app was developed over six months and can be downloaded for
free on the Google playstore.
"If
this can be implemented on a national level, it will play a great role in
connecting people to their post offices and postman," said Verma.
In
fact, the app is part of a series of initiatives by the department to
rejuvenate the dying business. The other main focus of the department is the
e-commerce sector, which started in November 2014. Since its launch, the daily
volume has grown from 3,000 parcels a day in March 2015 to 20,000 parcels a day
in January 2016.
"The
revenue from e-commerce is now 40% of the mail service revenue that is Rs 25
crore per annum and we are steadily increasing it. With our recent numbers, our
revenue from e-commerce will be more robust this fiscal," said Verma.
He
added that e-commerce majors such as Amazon, Flipkart, Yepme and Naaptol are
some of the big e-commerce clients the department has. The postal department
has also been organising workshops to woo more clients.
A
website focusing on e-commerce and facilitating small time entrepreneurs was
also launched to announce the service for smaller outfits. In 2015, a automated
processing hub was launched for e-commerce orders at the Udyog Vihar post
office.
"This
is a great service, we have a small business and shipping the orders was
becoming a pain as we had to wait for hours in line. Now with a home pick up,
our dispatch is taken care of," said Vinay Kumar.
Changes in JEE Examination
After
examining the report of Ashok Misra Committee and considering the public
feedback, Ministry of Human Resource Development has notified the following
changes in the JEE pattern for 2017 :
1. The
performance of the students in the 12th Class Examination shall be a crucial
parameter for determining the eligibility of the student for the JEE
examination.
2. For
the candidates to qualify in the JEE Examination, they shall have secured at
least 75% marks or be in the top 20 percentile in the 12th Class Examination
conducted by respective Boards. For SC/ST students this condition shall be
relaxed to 65% marks.
3. The
present system of giving 40% weightage for the 12th Class marks in calculating
the ranks in the JEE Main shall be dispensed with.
4. All
other JEE Examination systems shall remain unchanged.
Central government also tightens its grip on bogus quota candidates
States
directed to keep strict vigil on issuance of SC/ST/OBC certificates and take
action against erring officials who delay caste verifications. Central
departments and PSUs launch massive probe on reserved category employees
The
caste certificate scam is not only confined to Maharashtra or in the tribal
quota. Fraudsters have dented every government department and PSUs across India
and occupying all reservation categories – scheduled tribe, schedule caste and
other backward classes.
The
Narendra Modi-led central government has ordered all states and Union
territories to keep a strict vigil on verification of claims of candidates
belonging to SCs, STs and OBCs so as to prevent bogus candidates from entering
government services.
Chief
secretaries have been asked to stop the malpractice at district levels, from
where the caste certificates are issued. A circular was issued by the
Department of Personnel and Training (DoPT) to all the states and UTs on March
14, 2016.
"...it
is requested to issue instructions to District Magistrates/District
Collectors/Deputy Commissioners to ensure at their own level the veracity of
caste certificates so that unscrupulous non-SC/ST/OBC persons are prevented
from securing jobs meant for SCs/STs/OBCs by producing false
certificates," says the circular.
The
order further states: "It is advised that in order to discourage
unscrupulous activities, state governments and Union territories may consider
issuance of appropriate instructions for initiating disciplinary proceedings
against the errant officials who default in timely verification or caste
certificates or who issue false certificates."
The
caste certificates are issued and verified by the offices of DMs, SDMs or city
collectors which are part of state revenue departments. District authorities
often face charges of delaying the verification process, reportedly at the
behest of fraudsters. This helps candidates to hold the posts on basis of
forged documents for years and later amnesty.
Both
circulars ask states to follow an order passed by the central government on
March 20, 2007. "Most states have ignored the orders as evident by the
cases which continue to land up at the various courts including the apex court,
and, hence, the issuance of the fresh order, said a DoPT official.
The
2007 communique clearly states "chances of collusion of the candidates
with some unscrupulous employees at the district level cannot also be ruled
out," and recommends disciplinary action against officers who default in
timely verification of the caste status or issue false certificates.
"Until
now, most fraudsters have managed to continue their job, education or other
quota benefits due to the soft stand of the government or humane approach of
the courts," said a highly placed official of the central government.
Sources say that central government departments are also victims of the caste
scam due to the callous approach of the states in issuing certificates.
The
Centre has issued a similar circular to its own ministries and departments of
government on October 8, 2015, cautioning them about bogus candidates.
Following that, all central government departments, agencies and public sector
units have now launched a massive drive to identify the bogus ST/SC/OBC employees
and those found to be bogus may face actions.
Case
study
The
Cotton Corporation of India, a central government agency, headquartered at
Mumbai had recently stripped a "tribal" officer off from two
promotions sending him back to an entry level post after a vigilance report
found that he was not a tribal at all. The official has already served 19 years
in the department and hence a soft stand was taken rather than expelling him
from the job.
"The
CCI has now launched a detailed probe into caste documents of all ST employees,
nearly 70, placed in 12 offices across India", a top official of the
Corporation told dna.
Source
: http://www.dnaindia.com/
7th Pay Commission award to boost pay for millions, but debate goes on
New
Delhi: 7th Pay Commission award is to boost pay for millions, which will come
into effect in the second quarter of 2016-17, with the debate about its impact
on inflation and boosting of GDP.
Effectively
a increase in the pay and allowances for central government employees is likely
boost to consumption demand as it will boost GDP during the current fiscal but
its impact is expected to persist up to 24 months,” RBI Governor Raghuram Rajan
said.
As
of today, the 7th Pay Commission recommended minimum pay to Rs 18,000 per month
from Rs 7,000 for central government employees.
Already
relatively very low pay by international standards, this will make the India’s
low-pay threshold “one of the lowest” minimum pay, according to all the
countries in the world, say the Financial experts.
Analysis
by the 7th Pay Commission revealed that low paid employees will suffer the
biggest financial hit. With the new changes affecting 48 lakh central
government employees and 52 lakh Pensioners, while the central government
claims the government will have to burden of an additional annual fund of Rs
1.02 lakh crore on exchequer.
Click
here to read the complete article
50 percent of 7th Pay commission arrears to be invested in bond
New
Delhi: The central government is considering a proposal under which 50% of
arrears of higher-income central government employees under the
7th Pay Commission will be compulsorily invested in bank capitalization bonds.
The proceeds will be used to recapitalise banks without additional pressure on
the fiscal.
While
this will result in less cash in the hands of higher-income employees, as a
sweetener they will get income tax rebate on the amount invested.
A
finance ministry official confirmed that preliminary discussions around this
proposal were held at a meeting on Thursday, but no decision on its
implementation was taken. “The issue was discussed. We are looking at all
options,” he said.
“The
proposal entails that through a provision under Income Tax Act, tax rebate
should be offered to all employees receiving extra salary income through pay
commission in the year 2016-17 and 2017-18, provided the money is invested in
the bond,” added the official.
The
government will have to additionally shell out Rs 40,000-50,000 crore annually
on account of implementation of the seventh pay commission recommendations with
effect from January 1, 2016.
If
this proposal is accepted, a portion of this money will be used to capitalize
banks.
According
to finance ministry estimates, state-run banks will require Rs 1.8 lakh crore
of additional capital in the next four financial years, of which Rs 70,000
crore will be provided by the government.
The
government has budgeted Rs 25,000 crore for bank capitalisation in the current
fiscal. While the government has said it has made adequate provision in the
Budget to cover the extra spending on account of the pay commission
recommendations, analysts reckon it is not adequate and full implementation of
award will make it difficult to achieve the fiscal deficit target of 3.5% of
GDP.
“Increase
in government employee wages and pension expenditure on account of seventh pay
commission recommendations is not fully provided for in the Budget,” Morgan
Stanley had said in a report.
The
proposal currently under consideration gives the government the leeway to meet
both its pay commission and bank capitalisation commitments without putting the
fiscal deficit target under threat. Bonds will provide the exchequer some
wriggle room. The payment will become due when bonds mature, leaving the
government with only the interest payment liability in the current fiscal.
The
flip side is that the proposed scheme could annoy government employees
expecting a greater take-home pay. Hence the scheme has a tax exemption
lollipop.
A
second government official said this amount will be used to recapitalise banks
through a special bank capitalisation fund that will invest in perpetual
non-redeemable preference shares issued by banks. Banks will pay 5.1% dividend
that is also proposed to be exempted from the dividend distribution tax. The
fund will in turn pay 5% interest to government employees, retaining 0.1% as
administrative charge.
“This
interest income will also be tax free for government employees,” he said, which
will increase the effective yield. The government will eventually pay back the
amount in four equal investments after 8, 9, 10 and 11years, spreading the
fiscal burden of repayment over that period. It will guarantee payment of 5%
interest and repayment of deposits irrespective of whether the banks pay the
dividend or not, the official added.
Source
: https://www.tkbsen.in/
After DA, central govt employees now in wait for 7th Pay Commission award
New
Delhi: After the government on Thursday notified its decision to raise Dearness
Allowance (DA) to125
per cent from 119 per cent, benefiting its 48 lakh central government
employees and 52 lakh pensioners, in a bid to ease the inflationary pressure.
All
eyes of central government employees are now on government, which will take a
final decision in 7th Pay Commission award.
The
increasing of Dearness Allowance (DA) of central government employees and
officials were not helpful for maintaining their living standard, Finance
Ministry’s official said on Thursday.
They
also said the 7th Pay Commission award should implement which would give them
some financial comfort, a step they had hoped might be taken within the next
two months.
Sources
in the Prime Minister’s Office (PMO) said the central government may make a
formal announcement on 7th Pay Commission award when model code of conduct
over, which is currently in place for five states assemblies’ poll.
Click
here to read the complete article
Patch for discontinuation of physical pre printed NSC & KVP certificates in Sanchay Post Version 7.5
With
reference to Finance Ministry OM No: 1/04/2016-NS.II dated 01-04-2016, patch
for discontinuation of physical pre printed NSC & KVP certificates in
Sanchay Post Version 7.5 is available in SDC site.
SDC
Site >>>> Home Page >>> Sanchay Post >>> Version
7.5 - Installation, Patches & FAQ >>>>Patches SP 7.5
>>>> [final]NSC& KVP Update dated 05_Apr_2016.zip
https://drive.google.com/folderview?id=0B25bTWT2-kXgQUJKUzJscXJVbHM&tid=0B25bTWT2-kXgZjZxMVk1cHQxOFE
Payment of Dearness Allowance to Central Government employees - Revised Rates effective from 01.01.2016
To view MoF, Department of Expenditure OM No. 1/1/2016-E-II (B) dated 7th April 2016, please CLICK HERE.
No.1/1/2016-E-II (B)
Government of India
Ministry of Finance
Department of Expenditure
Government of India
Ministry of Finance
Department of Expenditure
North Block, New Delhi
Dated the 7th April, 2016
Dated the 7th April, 2016
OFFICE MEMORANDUM
Subject: Payment
of Dearness Allowance to Central Government employees – Revised Rates effective
from 1.1.2016.
The
undersigned is directed to refer to this Ministry’s Office Memorandum No.
1/3/2015-E-II (B) dated 23rd September, 2015 on the subject mentioned above and
to say that the President is pleased to decide that the Dearness Allowance
payable to Central Government employees shall be enhanced from the existing
rate of 119% to 125% with effect from 1st January, 2016.
2.
The provisions contained in paras 3, 4 and 5 of this Ministry’s O.M. No.
1(3)/2008-E-ll(B) dated 29th August, 2008 shall continue to be applicable while
regulating Dearness Allowance under these orders.
3.
The additional installment of Dearness Allowance payable under these orders
shall be paid in cash to all Central Government employees.
4.
These orders shall also apply to the civilian employees paid from the Defence
Services Estimates and the expenditure will be chargeable to the relevant head
of the Defence Services Estimates. In regard to Armed Forces personnel and
Railway employees, separate orders will be issued by the Ministry of Defence
and Ministry of Railways, respectively.
5.
In so far as the employees working in the Indian Audit and Accounts Department
are concerned, these orders are issued with the concurrence of the Comptroller
and Auditor General of India.
sd/-
(Nirman Dev)
Deputy Secretary to the Government of India
(Nirman Dev)
Deputy Secretary to the Government of India
CHQ News...
GS met SSPOs Sangli Division (Maharashtra), Sr. PM Sangli HO and all IP/ASPs working in the Division on 5/4/2016 and discussed the issues related to 7CPC and Cadre Restructuring.
GS also attended 30th Biennial Circle Conference of All India SBCO held at Sangli on 5th April 2016.
Thursday, April 7, 2016
Wednesday, April 6, 2016
Over 60 financial giants line up to partner with India Post
NEW
DELHI: The vast legacy network of India Post, once perceived to be unwanted
baggage and a huge financial burden, is turning out to be its biggest strength.
Top global financial firms Barclays, Citibank, Deutsche Bank, Western Union,
Visa and domestic giants State Bank of India and Punjab National Bank are among
over five dozen companies that have queued up to partner with the payments bank
arm of the country's postal department.
Even the International Finance Corporation, a member of the World Bank Group, has shown interest in picking up a stake in the business.
There are nearly 1.5 lakh post offices across the country, and 1.3 lakh in rural India.
A large-scale modernization drive across these branches, including computerization and the gradual roll out of core banking solutions and ATMs, has attracted big boys of the financial world who are looking at new opportunities in banking, mutual funds, insurance and money transfer.
The
postal network and services are the backbone for lastmile connectivity across
the country and our efforts at modernization as well as digitization are
bearing fruit," telecom and IT minister Ravi Shankar Prasad, who is also
in charge of the Department of Posts, told TOI. "With India Post having
got a payments bank licence, there is a scramble to forge partnerships and
alliances."
The
postal department bagged a licence for a payments bank from the Reserve Bank of
India in August last year. The central bank also allowed 10 other firms and
tech companies to operate payment banks, considered the likely new disruptive
force on the financial landscape of the country. Payments banks can accept
deposits up to Rs 1 lakh but cannot grant loans.
They can deposit their money in government bonds and issue debit cards but not credit cards. These banks are expected to spread financial inclusion across the country and bring down cost of remittance and fund transfer.
The interest in partnerships with the postal department comes against the backdrop of the success that India Post has achieved after tying up with over 800 e-commerce companies, including Flipkart, Snapdeal and Amazon.Parcel revenue, which registered a dip of 2% in 2013-14, grew 45% in 2014-15 and a staggering 100% till February in 2015-16.Those seeking an alliance with India Post for banking products and services include SBI, PNB, BoB, Union Bank, and IDBI Bank. Foreign aspirants include Barclays Bank, Deutsche Bank and HSBC.
In
the queue for an alliance on the insurance business are HDFC Life, ICICI
Lombard, ICICI Prudential, Bajaj Allianz, Kotak Life Insurance, Royal Sundaram
and PNB Metlife.
Transfort and Western Union from the US have lined up for a deal on money transfer.State-owned telecom company BNSL wants to strike a partnership for the mobile wallet business, while American financial services giant Visa has approached India Post for a pact on ATM and point-of-sale transactions.
Source
: http://timesofindia.indiatimes.com/
Implementation of One Rank One Pension
The
Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its
ex-post facto approval for implementation of One Rank One Pension (OROP). The
details are as follows:
1. The benefit will be given with effect from 1st July, 2014.
2. Pension will be re-fixed for pre 1.7.2014 pensioners retiring in the same rank and with the same length of service as the average of minimum and maximum pension drawn by the retirees in the year 2013. Those drawing pensions above the average will be protected.
3. The benefit would also be extended to family pensioners including war widows and disabled pensioners.
4. Personnel who opt to get discharged henceforth on their own request under Rule 13(3) 1(i)(b), 13(3) 1(iv) or Rule 16B of the Army Rule. 1954 or equivalent Navy or Air Force Rules will not be entitled to the benefits of OROP. It will be effective prospectively.
5. Arrears will be paid in four half-yearly instalments. However, all the family pensioners including those in receipt of Special/Liberalized family pension and Gallantry award winners shall be paid arrears in one instalment.
6. In future, the pension would be re-fixed every 5 year.
7. Constitution of Judicial Committee headed by Justice L. Narasimha Reddy, Retd. Chief Justice of Patna High Court on 14.12.2015 which will give its report in six months on the references made by the Government of India.
The implementation of OROP will result in enhanced pension for the pensioners/family pensioners of Defence Forces. The setting up of the Judicial Committee headed by Justice L. Narasimha Reddy will help in the removal of anomalies that may arise in the implementation of OROP order dated 7.11.2015.
Financial implications on account of grant of OROP including Pre-Matured Retirees (PMR) cases would be Rs. 10925.11 crore for payment of arrears and annual financial implication would be Rs. 7488.7 crore. Till 31st March, 2016, 15.91 lakh pensioners have been given the first instalment of OROP, which amounts to Rs. 2,861 crore. Information is being gathered for processing on priority basis, the cases of 1.15 lakh pensioners after filling in the gaps of information such as the length of service being assessed, etc.
Source : PIB
How to fill in revised Form 15G / 15H ?
Declaration form
15G (for other than senior citizen) and 15H (for senior citizen) for non
deduction of TDS from Bank interest or other payments has been revised and new
form introduced. This form has some columns which may be
difficult to fill in for common people. In this article, the confusions are
being cleared.
Who can submit Form 15G/15H ?
Who can submit Form 15G/15H ?
An account holder can submit Form 15G or 15H (for senior citizens who attained 60 years in anytime in the financial year) only if his total income from all sources does not exceed the threshold limit on which no tax is required to be paid. The maximum interest income not charged to tax during the financial year where form 15 G/H is submitted at bank(s) is as below :
Upto
Rs 2,50,000/- for residents of India below the age of 60 years or a person (not
being a company or firm).
Upto
Rs 3,00,000 for senior citizen residents of India who are between the age of
60-79 years at any time during the FY.
Upto
Rs 5,00,000 for senior citizen residents of India who is 80 years or more at
any time during the FY.
TDS
from interest on bank and other deposits are mandatory. If your interest income
is more than Rs 10,000/- aggregating in all deposits of a particular branch in
any financial year, the bank is bound to deduct TDS @10% on the interest.
The rate will be doubled if the assessee fails to submit his PAN to the bank.
How to fill in New 15G / 15H?
See the notes below for Field No 15 to 18 which may look little complex. These
colums are identical in Form 15H also. The same illustration provided below
will serve the purpose.
Field
15 (a) , Whether assessed to tax under the Income-tax Act, 1961. Yes or
No, Check the appropriate Box. Mention Yes if
assessed to tax under the provisions of Income-tax Act, 1961 for any of
the assessment year out of six assessment years preceding the year in which the
declaration is filed.
Field
15 (b), If yes, latest assessment year for which assessed , Mention the
last Assessment Year, the year in which you filed Income Tax return.
Field
16, Estimated income for which this declaration is made, Mention the
estimated income for which you are filing the Form. For example if you have
opened a Fixed Deposit and you don’t want TDS to be deducted on FD then mention
interest on FD you will earn this year.
Field
17, Estimated total income of the P.Y. in which income mentioned in column
16 to be included, Please mention the amount of estimated total income of
the previous year for which the declaration is filed including the
amount of income for which this declaration is made
Field
18, Details of Form No. 15G other than this form filed during the previous
year, if any, In case any declaration(s) in Form No. 15G is filed before
filing this declaration during the previous year, mention the total number
of such Form No. 15G filed along with the aggregate amount of income for
which said declaration(s) have been filed
Total No. of Form No. 15G filed , How many Form 15G have been filled before the form 15G in this Fina ncial year or Previous Year.
Aggregate
amount of income for which Form No.15G filed, Total amount of income for
which Form 15G have been filled in this year.
Declaration of assets filing of Returns by public servants on or before 15.4.2016
Declaration
of Assets and Liabilities by public servants under section 44 of the Lokpal and
Lokayuktas Act, 2013 —filing of Returns by public servants on or before 15th
April, 2016 – regarding
No. 407/02/2016-AVD-IV(Lok Pal)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
North Block, New Delhi,
Dated: the 2nd April, 2016
Dated: the 2nd April, 2016
Office Memorandum
Subject: Declaration
of Assets and Liabilities by public servants under section 44 of the Lokpal and
Lokayuktas Act, 2013 —filing of Returns by public servants on or before 15th
April, 2016 – regarding
The
undersigned is directed to invite attention to the provisions of section 44 of
Lokpal and Lokayuktas Act, 2013 whereby every public servant i.e. all
categories of public servants as defined under section 2 (0) read with section
14 (1) (a) to (h) of Lokpal and Lokayuktas Act, 2013, shall make a declaration
of his assets and liabilities. The timelines for filing the
declarations/information/annual returns under the said Act are as under:
i.
The first return of assets and liabilities as on 1st August, 2014 under the
Lokpal and Lokayuktas Act, 2013 – on or before 15th April, 2016
ii.
The annual return of assets and liabilities as on 31st March, 2015 under the Lokpal
and Lokayuktas Act, 2013 – on or before the 15th April, 2016.
iii.
The annual return of assets and liabilities as on 31st March, 2016 under the
Lokpal and Lokayuktas Act, 2013 – on or before 31st July, 2016.
iv.
The annual return of assets and liabilities for subsequent years as on 31st
March every year should be filed on or before 31st July of that year.
The
aforesaid timelines have already been intimated vide this Department’s OM No.
407/12/2014-AVD-IV(B) dated 28.03.2016 ,
2.
All Ministries/Departments are requested to ensure compliance of the
aforementioned provisions of the Lokpal and Lokayuktas Act, 2013 and in this
regard inform and sensitize the societies/Association of persons/trusts under
their administrative/financial control about the requirement of the law and
deadlines for filing of necessary declarations/returns. To facilitate smooth
compliance & information/provisions of section 44 of the Lokpal &
Lokayuktas Act, 2013, this department has already placed in the public domain
all the relevant rules framed under the said Act, forms in which declarations
are required to be made, FAQs etc..
3.
This may please be accorded due priority keeping in view that the declarations
& returns for the years 2014 & 2015 are required to be filed by all
public servants by 15.04.2016 mandatorily.
sd/-
(Jishnu Barua)
(Jishnu Barua)
Joint
Secretary to the Govt. of India
Authortiy: www.persmin.gov.in
Proposed format of the Service Book for Central Government Employees – DoPT
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training
New Delhi. 5th April, 2016
Subject: Modernization
of Service Book
The
undersigned is directed to state that there is a proposal to modernize the
Service Book to make it user friendly. The proposed format of the Service Book
is annexed herewith.
2.
All Ministries/ Departments are requested to offer the comments, if any, within
15 days of this 0M.
Encl:
As above
(Mukul
Ratra)
Director
Submission of fresh copy of constitution of All India Association of Inspectors and Assistant Superintendents Posts.
No. CHQ/AIAIASP/Constitution/2016 Dated: 6/4/2016.
To,
Shri V. Ramaswamy,
Assistant Director General (SR & Legal)
Department of Posts,
Dak Bhawan, Sansad Marg,
New Delhi-110 001.
Subject : Submission
of fresh copy of constitution of All India Association of Inspectors and
Assistant Superintendents Posts.
Ref.
: Directorate memo No.
15/03/2016-SR dated 22nd March 2016
Respected Sir,
As
desired all the amendments issued by the Department are incorporated in the
existing constitution of the All India Association of Inspectors and Assistant
Superintendents Posts and a fresh copy of constitution is enclosed herewith for
acceptance and it is requested to circulate among all the Circles at the
earliest.
Encl : A/A
Yours sincerely,
Sd/-
(Vilas Ingale)
General Secretary
Copy
forwarded for information to :
All Chief Postmasters General
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