Sl.
No.
|
Name
of Officer
|
Circle
|
1
|
Shri
Kulbir Singh
|
CPMG
Punjab Circle
|
2
|
Shri
Gadadhar Bhuyan
|
Director
RAKNPA
|
3
|
Shri
B. R. Kaushal
|
Himachal
Pradesh
|
4
|
Shri
T. Baskaran
|
Tamil
Nadu
|
5
|
Shri
B. Rajappa
|
Karnataka
|
6
|
Shri
Gajanand Jogi
|
Rajasthan
|
7
|
Shri
Manohar Lal
|
Uttar
Pradesh
|
8
|
Shri
T. B. Singh
|
Uttar
Pradesh
|
9
|
Shri
K. S. Behar
|
Punjab
|
10
|
Shri
Shyam Kanti Hazra
|
West
Bengal
|
11
|
Shri
C. B. Singh
|
Uttar
Pradesh (APS)
|
12
|
Shri
P. D. Patil
|
Karnataka
|
Friday, February 27, 2015
Retirement in the month of February 2015
Following
officers are retiring from Govt. Service on superannuation on 28/2/2015.
CHQ
wishes them a very happy, healthy and long retired life. In few circles, senior ASPs are working
on adhoc basis in PS Gr. B cadre and retiring without getting regular PS Gr. B
promotion, their names are not included in the list, the same may kindly be
reported to GS by SMS.
Vacancy position for PS Gr. B Examinations 2013 and 2014
No. GS/AIAIPASP/PS Gr.B-Exam 13-14/2015 dated
: 27/2/2015.
To,
Shri
Rajkumar,
Director
(Staff),
Department
of Posts,
Dak
Bhavan, Sansad Marg,
New
Delhi 110 001.
Sub
: Vacancy position for PS Gr. B
Examinations 2013 and 2014.
Respected Sir,
IP/ASP Association would like to draw your kind
attention to its letter of even number dated 28/1/2015 vide which it was
requested to furnish the details of vacancies reserved for ensuing PS Gr. B Examination
for the year 2013 and 2014, but as on date no information is received from Directorate.
It is to bring to your kind notice that Directorate
vide Memo No. A.34012/01/2015-DE dated 15/1/2015 has circulated calendar of
departmental examinations scheduled to be held in the year 2015 wherein it is
mentioned that PS Gr. B Examination 2013 and 2014 are scheduled on 21/6/2015
and 18/10/2015 respectively.
DPCs for the promotion to the cadre of PS Gr. B for
the vacancy year 2013 and 2014 have already been convened on 10/10/2013 and
26/2/2015 respectively.
It is therefore once again requested
to kindly intimate the details of number of vacancies reserved for PS Gr. B
Examination for the year 2013 and 2014 at the earliest.
Yours
sincerely,
sd/-
(Vilas Ingale)
General Secretary
Validity of Self Attested Documents
Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions
Government of India
Ministry of Personnel, Public Grievances & Pensions
26-February-2015 13:49 IST
Validity of Self Attested Documents
It is a constant endeavour of the Government to simplify procedures by introduction of self certification. For this, all Central Ministries / Departments as well as State Government / UTs have been requested to review the existing requirement in this regard and make provision for self certification, wherever possible. Response from 25 States / UTs has been received indicating action taken by them.
Different organizations prescribe different criteria for attestation, subject to statutory and legal provisions. As per its mandate, Department of Administrative Reforms & Public Grievances has been requesting them to adopt self-certification, wherever possible, as a measure of administrative reform.
This was stated by the Minister of State for Personnel, Public Grievances and Pensions and Minister of State in Prime Minister’s office Dr. Jitendra Singh in a written reply to a question by Shri Narendra Kumar Kashyap in the Rajya Sabha today.
India Post targets 50-fold growth in e-commerce revenue
BENGALURU: Internet retailers may have been the bane of the brick-and-mortar retail trade and a pain for the old order of things, but for one relic from the past, they are a proving to be a veritable godsend.
For India Post, a 240-year-old straggler long fighting for relevance in a digital economy, the explosive growth in this new-age business has offered it a fresh lease of life and given it the luxury of dreaming big.
These dreams have been bolstered by firms such as Flipkart and Amazon signing up for its services and with the theatre of activity for the fastgrowing ecommerce sector now moving to the country's remote corners.
The Department of Posts is targeting a seemingly implausible 50-fold increase in ecommerce revenues. "With decline in document shipments, ecommerce is our department's new focus," a top official at the Department of Posts, told ET. "We are targeting Rs .5,000 crore in revenue from this segment alone in the next 24 months." It won't be an easy task given that in the previous fiscal year to end-March 2014, it earned Rs 10,750 crore in overall turnover.
This year, it is on course to earn Rs 100 crore as delivery revenues from ecommerce firms, giving the department's claims a dark ring of incredulity as it is looking at a 50-fold jump in just two years. But officials point out that India Post had managed to expand ecommerce delivery revenues from Rs 20 crore toRs 100 crore in just a year, and given the explosive growth the sector is seeing, an exponential increase in revenues is not impossible. The department started cash on delivery pilots with Amazon in 2013. But the service picked up steam only in 2014, when it signed up players such as Flipkart, Snapdeal and Shopclues.
Karnataka and Haryana currently account for most ecommerce shipments followed by Delhi, Maharashtra and Andhra Pradesh. India's onlineretail industry is expected to soar to $23 billion (Rs 1.4 lakh crore) by 2018 from about $2 billion in 2013. The overall ecommerce sector, including online travel bookings, is projected at $43 billion by 2018, according to Nomura. To be sure, India Post will not have it easy, competing as it will be with several large logistics firms such as FedEx, DTDC, Blue DartBSE 1.35 % and DHL as well as a rash of startups such as Ecom Express and Delhivery that have jumped on to the bandwagon.
For India Post, a 240-year-old straggler long fighting for relevance in a digital economy, the explosive growth in this new-age business has offered it a fresh lease of life and given it the luxury of dreaming big.
These dreams have been bolstered by firms such as Flipkart and Amazon signing up for its services and with the theatre of activity for the fastgrowing ecommerce sector now moving to the country's remote corners.
The Department of Posts is targeting a seemingly implausible 50-fold increase in ecommerce revenues. "With decline in document shipments, ecommerce is our department's new focus," a top official at the Department of Posts, told ET. "We are targeting Rs .5,000 crore in revenue from this segment alone in the next 24 months." It won't be an easy task given that in the previous fiscal year to end-March 2014, it earned Rs 10,750 crore in overall turnover.
This year, it is on course to earn Rs 100 crore as delivery revenues from ecommerce firms, giving the department's claims a dark ring of incredulity as it is looking at a 50-fold jump in just two years. But officials point out that India Post had managed to expand ecommerce delivery revenues from Rs 20 crore toRs 100 crore in just a year, and given the explosive growth the sector is seeing, an exponential increase in revenues is not impossible. The department started cash on delivery pilots with Amazon in 2013. But the service picked up steam only in 2014, when it signed up players such as Flipkart, Snapdeal and Shopclues.
Karnataka and Haryana currently account for most ecommerce shipments followed by Delhi, Maharashtra and Andhra Pradesh. India's onlineretail industry is expected to soar to $23 billion (Rs 1.4 lakh crore) by 2018 from about $2 billion in 2013. The overall ecommerce sector, including online travel bookings, is projected at $43 billion by 2018, according to Nomura. To be sure, India Post will not have it easy, competing as it will be with several large logistics firms such as FedEx, DTDC, Blue DartBSE 1.35 % and DHL as well as a rash of startups such as Ecom Express and Delhivery that have jumped on to the bandwagon.
LEVERAGING ITS VAST NETWORK
India Post, founded as an arm of the East India Company, was a vital strategic institution for decades but its relevance declined dramatically as the rise of the Internet and use of emails for communication made its postcards and inland letters increasingly redundant.
But despite its mainstay business staring at oblivion, the department continued to have several advantages over its competitors, most notably its vast network of 1.5 lakh offices and an army of about 5.5 lakh employees across the country.
India Post has begun leveraging that strength now. It has begun training its postmen in ecommerce-specific requirements, such as accepting cash or card payments on delivery - crucial for online retailers in India - and handling same-day shipments. It also plans to open about 60 so called fulfilment centres, where goods are stored and sorted before deliveries, across the country this year for its ecommerce business.
For instance in Bengaluru, India Post will invest Rs 1 crore to decentralise packaging and ecommerce parcel services by establishing warehouses across the city, according to MS Ramanujan, Chief Post Master General, Karnataka Circle. To compete with DHL, India Post plans to buy land near the airport to establish a warehousecum-parcel centre, he said.
In Bengaluru and Gurgaon, India Post is already handling about 13,000 and 20,000 shipments, respectively, every day. "We are currently stretched to our limits. Opening ecommerce specific warehouses will lessen the load on post offices," said the official of the Department of Post, quoted earlier.
LESSONS FROM THE WEST
India Post can take heart from the experience of other countries where explosive growth of
ecommerce has changed fortunes of their state-run postal departments.
In the West, government postal services have gained the most from the ecommerce sector.
"The US Post is expected to earn half of its revenues from ecommerce package deliveries by 2020. Deutsche Post in Germany and Australia Post have also done well," said Arvind Singhal, head of retail advisory firm Technopak.
Its customers, many of whom are now looking to spread their wings in the hinterland to tap the market potential in India's small towns and villages, have good things to say.
"Given the vastness of our country, India Post plays a key role in offering a seamless experience for our customers who are located in the most remote parts of India," said Neeraj Aggarwal, senior director, supply chain, at Flipkart, which has been working with India Post since last year in addition to its own logistics firm Ekart.
India's ecommerce logistics market is expected to gross over Rs 7,200 crore ($1.2 billion) this year.
According to consulting firm PricewaterhouseCoopers, ecommerce firms will need about 15 million sq ft of warehouse space by 2017, up from about 1.7 million sq ft available now. "Getting manpower for last-mile delivery and high expectations of same-day delivery due to technology integration are major challenges for us," said an official at a large ecommerce logistics player, declining to be identified. Shrinking air cargo space and rising costs have also put pressure on private companies to increase shipment rates. "I don't see shipment costs going down in 2015," said Mohit Tandon, cofounder at Gurgaon-based logistics startup Delhivery. India Post claims an advantage here, too.
Source : http://economictimes.indiatimes.com/
Thursday, February 26, 2015
Transfers / postings of the JTS/STS officers of Indian Postal Service (IPoS), Group 'A'
To view Directorate memo No. 4-2/2014-SPG dated 26th February, 2015 please CLICK HERE.
Promotion and allotment of Postal Service, Group 'B' officers to Junior Time Scale (JTS) of Indian Postal Service, Group 'A'
To view Directorate memo No.4-2/2014-SPG dated 26th February 2015, please CLICK HERE.
Wednesday, February 25, 2015
Now, India Post to sell biscuits, photo frames and mugs
CHENNAI: After introducing auxiliary mail services in an
attempt to salvage its sinking fortunes, India Post will now sell biscuits,
photo frames and mugs. After opening in Bengaluru and Mysore, Chennai's first
Post Shoppe will come up at the head post office on Anna Salai next month.
Postmaster General Shri Merwin Alexander said the store would also sell pens, markers, gum, books and souvenirs with the India Post logo.
It will be located next to the multiple counters for postal and banking operations, so that customers can pick up stationery, and more.
"Post Shoppe is aimed at bringing various items of selected utility on sale under one roof. There will also be greeting cards," said Alexander. "Despite the internet, there are still many takers for greeting cards as it makes a difference to the receiver who would cherish it and keep it as a fond memory from a loved one," said Alexander. There was also a plan to have coffee vending machines at the shop, he added.
The postmaster general said the facility would augment the needs of the customer and also add value to the place. "If a customer walks in and finds that he is not carrying a pen, he can quickly get it from the Post Shoppe. And then there are other things he can buy. It is all about customer delight," said Alexander. "In short, it is expected to be a shelf of aesthetics and utility."
After seeing the response in Chennai, India Post will decide whether to replicate the store in tier two cities. Customers are welcome to send in suggestions on the content and feel of Post Shoppe, said an official.
Against the onslaught of email and instant communication using computers and smart phones, India Post has been trying to reinvent itself through a variety of improvised communication services such as e-post, e-money order and e-tracking.
Postmaster General Shri Merwin Alexander said the store would also sell pens, markers, gum, books and souvenirs with the India Post logo.
It will be located next to the multiple counters for postal and banking operations, so that customers can pick up stationery, and more.
"Post Shoppe is aimed at bringing various items of selected utility on sale under one roof. There will also be greeting cards," said Alexander. "Despite the internet, there are still many takers for greeting cards as it makes a difference to the receiver who would cherish it and keep it as a fond memory from a loved one," said Alexander. There was also a plan to have coffee vending machines at the shop, he added.
The postmaster general said the facility would augment the needs of the customer and also add value to the place. "If a customer walks in and finds that he is not carrying a pen, he can quickly get it from the Post Shoppe. And then there are other things he can buy. It is all about customer delight," said Alexander. "In short, it is expected to be a shelf of aesthetics and utility."
After seeing the response in Chennai, India Post will decide whether to replicate the store in tier two cities. Customers are welcome to send in suggestions on the content and feel of Post Shoppe, said an official.
Against the onslaught of email and instant communication using computers and smart phones, India Post has been trying to reinvent itself through a variety of improvised communication services such as e-post, e-money order and e-tracking.
TRAI issued the Telecommunication Mobile Number Portability
The Telecom Regulatory
Authority of India (TRAI) has today issued 6th Amendment to the
Telecommunication Mobile Number Portability Regulation, 2009 which will
facilitate Full MNP (PAN India Portability) in the country w.e.f. 3rd
May, 2015.
Earlier TRAI made
recommendations to the Department of Telecommunications (DoT) for implementation
of Full MNP/National MNP and suggested amendments in the licenses of MNP service
providers and mobile service providers.
Accordingly, on 3rd
November, 2014, the DoT had issued amendment(s) to the MNP License Agreement.
As per the DoT, the Full MNP is to be implemented in the country within a period
of 6 months from the date of amendment to the Licenses, i.e. 3rd May,
2015.
In view of the implementation
of Full Mobile Number Portability, some changes were required in the MNP
Regulations, 2009 (as amended). Accordingly, a draft Amendment to the
Telecommunication Mobile Number Portability Regulation, 2009 was prepared and
uploaded on TRAI website (www.trai.gov.in) for consultation with the
stakeholders. Based on stakeholder’s comments & in house analysis, necessary
amendments have been made in the MNP Regulations.
Accordingly, in this Amendment,
apart from facilitating Pan-India Portability, a few changes have also been made
in the porting process as well, which include:
a) In case a post-paid subscriber
who has ported his number defaults in the payment of his previous bill which was
due to the Donor Operator(previous service provider from whom the subscriber has
ported out), the Donor Operator has to give a notice within a period of 30 days
of due date of payment of its outstanding bill. After a lapse of 60 days from
the due date of payment of the outstanding bill, the Donor Operator will not be
entitled to raise non-payment disconnection requests with the Recipient
Operator.
b) For a post paid
subscriber who has defaulted payment to the Donor Operator, the Donor operator
will request the Recipient operator to disconnect the ported number. The
Recipient Operator in turn will give a notice of 15 days for making such
payment, failing which the outgoing services of such subscriber will be debarred
for a period of 15 days. In case the subscriber fails to make payment within
these 15 days, his mobile number will be disconnected permanently by the
Recipient Operator.
In order to effectively utilize
the numbering resources, provision has been made to reduce the time period for a
ported mobile number, which has been disconnected due to any reasons, to return
to the original service provider (to whom the number belongs) in 60 days time
instead of 90 days prescribed earlier.
Full text of the
‘Telecommunication Mobile Number Portability (Sixth Amendment) Regulations,
2015’ is available on TRAI website www.trai.gov.in.
Source :PIB
Proposal of merger of ASP cadre to PS Gr. B cadre.....updates!!!
Gujarat circle has submitted their information under letter No. ESTA/19-5/IPOS/ASPOs/Staff/14 dated 23/2/2015. It is learnt from Directorate that information from Haryana and Uttar Pradesh circle have not been reached despite issue of reminder.
Sanctioned strength of ASP posts in Class-I Postal Divisions
|
Sanctioned strength of ASP posts in Class-I RMS Divisions
|
Sanctioned strength of ASP posts in GPO having Class-I status
|
Sanctioned strength of ASP posts in HPOs having Class-I status
|
Sanctioned strength of ASP posts in Circle/ Regional Offices
|
28
|
10
|
1
|
-
|
17
|
CHQ has also requested severally to Circle Secretaries and CHQ office bearers of these circles to meet the circle administration and get the issue solved, but there is no response either from CS and CHQ office bearers of these circles. This vital issue is unnecessarily delayed since more than one month due to non co-operation from circle secretaries and circle administrations.
My Stamp and Special Cover released on ‘Aero India 2015’ - 19th February 2015.
Aero India has carved a niche for itself globally as a premier aerospace exhibition, with nine successful editions organised since 1996. In 2013, exhibitors from 29 countries with 570 companies and 46 overseas delegations participated in Aero India 2013.
The tenth edition of Aero India is being held at Bengaluru from 18th to 22nd February 2015. Prime Minister Shri Narendra Modi opened the Aero India 2015 air show and exhibition on 18th February 2015 at the Air Force Station Yelahanka, Bangalore. Defence Ministers or officials of equivalent ranks of six countries the USA, Russia, Israel and Germany among them were present.
On 19th February 2015 Defence Minister, Shri Manohar Parrikar, released My Stamp and Special Cover on ‘Aero India 2015’. (Special Cover approval no. KTK/29/2015 and KTK/30/2015)
Notification for "Stamp Design Competition"
The theme of the competition is Women Empowerment. The last date of submission of entries is 15/4/2015. To view more details, please CLICK HERE.
One rank one pension for Armed Force : Govt. clarifies position
The principle of One Rank One Pension for the Armed Forces has been accepted by the Government. The modalities for implementation have been discussed with various stakeholders and are presently under consideration of the Government. It will be implemented once the modalities are approved by the Government.
This information was given by Minister of State for Defence Shri Rao Inderjit Singh in a written reply to Shri Avinash Rai Khannain Rajya Sabha on 24th Feb'15.
This information was given by Minister of State for Defence Shri Rao Inderjit Singh in a written reply to Shri Avinash Rai Khannain Rajya Sabha on 24th Feb'15.
Sunday, February 22, 2015
CHQ News...
It is to inform to all members and track-in-viewers that General Secretary will not be available at HQ for 2 days. In case of any emergency, members may contact to AGS-1 Shri P. Ajith Kumar on his mobile No. 09582425999.
Saturday, February 21, 2015
Friday, February 20, 2015
Proposal of merger of ASP cadre to PS Gr. B cadre.....updates!!!
It is learnt that Himachal Pradesh circle has submitted their information under letter No. EA/4-58/87 dated 29th Jan 2015.
Sanctioned strength of ASP posts in Class-I Postal Divisions
|
Sanctioned strength of ASP posts in Class-I RMS Divisions
|
Sanctioned strength of ASP posts in GPO having Class-I status
|
Sanctioned strength of ASP posts in HPOs having Class-I status
|
Sanctioned strength of ASP posts in Circle/ Regional Offices
|
8
|
-
|
-
|
-
|
3
|
28th All India Postal Football Tournament 2014-15
28th All India Postal Football Tournament for the year 2014-15 held at Mapusa (Goa) from 16th to 20th February 2015.
Kerala circle won the championship by beating last year champion Karnataka Circle by 2-1. In Hard Line match, Odisha circle beat UP circle by 5-0.
Shri Bruno Coutinho, International Football player and Arjun Awardee gave away the prizes to the winners in the concluding ceremony held at Mapusa (Goa) on 20/2/2015. Bruno Coutinho is a football player from Goa, and winner of the Arjuna Award in 2001, a national Indian award for excellence in sport. Among his other achievements are representing India in the President's Cup in 1989 in Dhaka, heading the Indian Under-23 team for the 1991 pre-Olympics, for the SAF Games in 1995 and 1996 and the Asia Cup in Malaysia. Bruno Coutinho was the All India Football Federation player of the year when he played for Salgaocar Sports Club of Goa in the year 1996. Coutinho has also been a former Indian football captain. His much-watched career has spanned nearly a decade-and-half. He first played for India at a school tournament at Brunei in 1987. Joining the prominent Goan team Dempo SC in 1988, he moved to another prominent mining-linked Salgaocar team in 1987.
Shri P. K. Bisoi, Chief PMG, Maharashtra circle and Shri Charles Lobo, PMG, Goa Region and SSPOs, Goa Division also attended the concluding ceremony.
Shri Bruno Coutinho, International Football player and Arjun Awardee gave away the prizes to the winners in the concluding ceremony held at Mapusa (Goa) on 20/2/2015. Bruno Coutinho is a football player from Goa, and winner of the Arjuna Award in 2001, a national Indian award for excellence in sport. Among his other achievements are representing India in the President's Cup in 1989 in Dhaka, heading the Indian Under-23 team for the 1991 pre-Olympics, for the SAF Games in 1995 and 1996 and the Asia Cup in Malaysia. Bruno Coutinho was the All India Football Federation player of the year when he played for Salgaocar Sports Club of Goa in the year 1996. Coutinho has also been a former Indian football captain. His much-watched career has spanned nearly a decade-and-half. He first played for India at a school tournament at Brunei in 1987. Joining the prominent Goan team Dempo SC in 1988, he moved to another prominent mining-linked Salgaocar team in 1987.
Shri P. K. Bisoi, Chief PMG, Maharashtra circle and Shri Charles Lobo, PMG, Goa Region and SSPOs, Goa Division also attended the concluding ceremony.
DPC for promotion to the cadre of PS Gr. B
To view memo, please CLICK HERE.
Last OC : Shri Ramesh Kumar Agarwal (Madhya Pradesh-1991 batch)
Last SC : Shri L. R. Parihar (APS-Rajasthan - 1992 batch)
Last ST : Shri V. N. Dadmal (Maharashtra - 1993 batch)
DPC : PS Gr. B and repatriation of officers to their parent circle.
Today, Directorate vide Memo No. 9-25/2014-SPG dated 20/2/2015 has issued promotion order of 141 IP line officials on regular basis in PS Gr. B cadre.
18 officers request for repatriation to their parent circle is also considered under Memo No. 9-04/2015-SPG dated 20/2/2015.
Copies of above orders are being published on blog today itself.
CHQ congratulate to all these officers.
Thursday, February 19, 2015
Proposal of merger of ASP cadre to PS Gr. B cadre.....updates!!!
In response to Directorate memo No. 25-35/2011-PE-I dated 21.01.2015, Maharashtra Circle has submitted following information to Directorate on 18/2/2015
Sanctioned strength of ASP posts in Class-I Postal Divisions
|
Sanctioned strength of ASP posts in Class-I RMS Divisions
|
Sanctioned strength of ASP posts in GPO having Class-I status
|
Sanctioned strength of ASP posts in HPOs having Class-I status
|
Sanctioned strength of ASP posts in Circle/ Regional Offices
|
82
|
15
|
1
|
-
|
32
|
Exemption from Physical Appearance for the Purpose of Life Certificate
To view Department of Expenditure OM No. CPAO/Tech/Life Certificate /2014-15/31-72 dated 30-01-2015 please Click Here.
Budget 2015: Salaried class wants I-T exemption limit to be raised to Rs 3 lakh, says survey
Hike in personal income tax exemption limit to Rs 3 lakh, deduction for housing loans up to 5 lakh and upward revision in the allowance for medical reimbursement are among the main expectations of salaried individuals from the Union Budget 2015, the first full-fledged budget from the Narendra Modi government, according to an ASSOCHAMsurvey released on Thursday.
An overwhelming 92 per cent of the salaried individuals, both men and women, said the government needs to increase the tax bracket from the current Rs 2.50 lakh to at least Rs 3 lakh so that more money is left in the hand of the common man/woman. While the wholesale price index inflation has gone into negative, there are still a host of items of common household use, like fruits, pulses and vegetables, which have witnessed an annual inflation between 8 and 12 per cent per cent during January 2014 and January 2015.
"Thus, the high prices of these items are still a cause of concern for the common people and the Budget must address the issue," ASSOCHAM Secretary General D S Rawat said, while releasing the survey.
The salaried income people also want that the tax exemption limit for women should be raised to at least Rs 4 lakh p.a. Besides, the limit for exemption on saving instruments like fixed deposits, national saving certificates and public provident funds should also be raised to Rs 2.50 lakh so that savings at the household level get a boost.
The survey was conducted in major places such as Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Hyderabd, Pune, Chandigarh, and Dehradun, among others. About 500 salaried class employees from the different sectors were covered by the survey from each city on an average.
"The Finance Minister should increase the 80C deduction limit to Rs 2.50 lakh. With the advent of new investment schemes such as Sukanya Samriddhi Yojana and equity-oriented pension funds, the limit seems very condensed and needs to be inflated to Rs 2.50 lakh in Budget 2015-16. The government may consider increasing the exemption limit to even higher to Rs 3 lakh to promote investments and encourage saving among taxpayers," highlighted the majority of respondents. On top of it, a separate deduction should be allowed for the premium paid for the insurance policies to encourage insurance which has a very low penetration at present.
Gold imports are declining and hence the government may reduce import duty by around 2 to 4 percent. At present the import duty is 10 percent and reducing it to around 4 to 5 percent should make prospective buyers happy, said nearly 88% of the respondents.
At present, the limit of deduction of interest on housing loan is Rs 1.50 lakh per annum. This should be increased to Rs 5 lakh to boost the housing sector as also give relief to the middle class families, added 78% of the respondents.
To encourage investments in infrastructure during the 12th plan period, the deduction under 801A (4) "profit-linked incentives in the form of 100% deduction of income in SEZ development" must be continued, said Rawat.
Nearly 82% of the salaried class said that it is necessary to have a separate deduction of Rs 50,000 for the payment towards annuity or pension plans. Deduction of the amount paid towards annuity plans u/s 80CCC and NPS u/s 80CCD also comes under the threshold limit of section 80C. Section 80C is already is flooded with various savings and investment schemes and with the new kind of equity-oriented pension plans, it becomes utmost necessary to have a separate deduction of Rs 50,000 for the payment towards annuity or pension plans.
An overwhelming 92 per cent of the salaried individuals, both men and women, said the government needs to increase the tax bracket from the current Rs 2.50 lakh to at least Rs 3 lakh so that more money is left in the hand of the common man/woman. While the wholesale price index inflation has gone into negative, there are still a host of items of common household use, like fruits, pulses and vegetables, which have witnessed an annual inflation between 8 and 12 per cent per cent during January 2014 and January 2015.
"Thus, the high prices of these items are still a cause of concern for the common people and the Budget must address the issue," ASSOCHAM Secretary General D S Rawat said, while releasing the survey.
The salaried income people also want that the tax exemption limit for women should be raised to at least Rs 4 lakh p.a. Besides, the limit for exemption on saving instruments like fixed deposits, national saving certificates and public provident funds should also be raised to Rs 2.50 lakh so that savings at the household level get a boost.
The survey was conducted in major places such as Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Hyderabd, Pune, Chandigarh, and Dehradun, among others. About 500 salaried class employees from the different sectors were covered by the survey from each city on an average.
"The Finance Minister should increase the 80C deduction limit to Rs 2.50 lakh. With the advent of new investment schemes such as Sukanya Samriddhi Yojana and equity-oriented pension funds, the limit seems very condensed and needs to be inflated to Rs 2.50 lakh in Budget 2015-16. The government may consider increasing the exemption limit to even higher to Rs 3 lakh to promote investments and encourage saving among taxpayers," highlighted the majority of respondents. On top of it, a separate deduction should be allowed for the premium paid for the insurance policies to encourage insurance which has a very low penetration at present.
Gold imports are declining and hence the government may reduce import duty by around 2 to 4 percent. At present the import duty is 10 percent and reducing it to around 4 to 5 percent should make prospective buyers happy, said nearly 88% of the respondents.
At present, the limit of deduction of interest on housing loan is Rs 1.50 lakh per annum. This should be increased to Rs 5 lakh to boost the housing sector as also give relief to the middle class families, added 78% of the respondents.
To encourage investments in infrastructure during the 12th plan period, the deduction under 801A (4) "profit-linked incentives in the form of 100% deduction of income in SEZ development" must be continued, said Rawat.
Nearly 82% of the salaried class said that it is necessary to have a separate deduction of Rs 50,000 for the payment towards annuity or pension plans. Deduction of the amount paid towards annuity plans u/s 80CCC and NPS u/s 80CCD also comes under the threshold limit of section 80C. Section 80C is already is flooded with various savings and investment schemes and with the new kind of equity-oriented pension plans, it becomes utmost necessary to have a separate deduction of Rs 50,000 for the payment towards annuity or pension plans.
Source:-The Economic Times
Budget 2015: Government may relax LTC norms to boost tourism
In order to give boost to the tourism sector, the Budget for 2015-16 is likely to expand the scope of LTA and LTC by including hotel and other expenses besides travel for the purpose of tax benefit.
The Ministry, sources said, it is also considering a proposal to allow employees to availLeave Travel Concession (LTC)/ Leave Travel Allowance (LTA) every year as against the current practice of two times in a block of four years.
At present, LTA or LTC covers only economy class air travel or first class (AC I Class) rail fare. An announcement in this regard is likely to be made in the Budget to be presented by Finance Minister Arun Jaitley on February 28.
Prime Minister Narendra Modi had earlier expressed his keenness to promote tourism. Experts are of the view that encouragement to the tourism sector will promote development of different regions and create employment opportunities.
"To boost domestic tourism and also provide some tax relief to the individuals, the Leave Travel Concession benefit should be increased to one visit for every financial year," KPMG (India) Partner Vikas Vasal said.
He further suggested that tax concessions should also be made available for stay in hotel may also be covered to help families avail of a holistic benefit.
The LTC/LTA is available to the individual and his family including spouse, two children, parents, brothers and sisters, who are wholly dependent on the assessee.
"There is a huge scope for developing the tourism industry in India which provides direct and indirect employment to millions of people. Therefore, an enhanced tax relief to individuals on LTC will benefit the overall economy," Vasal said.
The Ministry, sources said, it is also considering a proposal to allow employees to availLeave Travel Concession (LTC)/ Leave Travel Allowance (LTA) every year as against the current practice of two times in a block of four years.
At present, LTA or LTC covers only economy class air travel or first class (AC I Class) rail fare. An announcement in this regard is likely to be made in the Budget to be presented by Finance Minister Arun Jaitley on February 28.
Prime Minister Narendra Modi had earlier expressed his keenness to promote tourism. Experts are of the view that encouragement to the tourism sector will promote development of different regions and create employment opportunities.
"To boost domestic tourism and also provide some tax relief to the individuals, the Leave Travel Concession benefit should be increased to one visit for every financial year," KPMG (India) Partner Vikas Vasal said.
He further suggested that tax concessions should also be made available for stay in hotel may also be covered to help families avail of a holistic benefit.
The LTC/LTA is available to the individual and his family including spouse, two children, parents, brothers and sisters, who are wholly dependent on the assessee.
"There is a huge scope for developing the tourism industry in India which provides direct and indirect employment to millions of people. Therefore, an enhanced tax relief to individuals on LTC will benefit the overall economy," Vasal said.
Source:-The Economic Times
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