Friday, March 31, 2017

Retirement in the month of March 2017

Following JTS Gr. ‘A’ and PS Gr. ‘B’ Officers retired today (31/3/2017)  from Govt. Service on superannuation.

Sl. No.
Name of Officer
A Sheshagiri Rao
Andhra Pradesh
N P Arse
M T Choudhary
V K Sharma
Madhya Pradesh
N Azhagupandiyan
Tamil Nadu
Shan Karen
B Syed Imam
Andhra Pradesh
Dhanotia S K
Himalchal Pradesh
Raja Shekhar Sharma
Andhra Pradesh
Sampat Ram

CHQ wishes them a happy, healthy, peaceful and long retirment life.

Probation and/or confirmation of Direct Recruit Postal Assistant/Sorting Assistant in Department of Posts-Qualifying test.

To view, please CLICK HERE. 

Review of 'Transfer Policy' circulated by Directorate vide letter No.141-141/2013-SPB-II dated 31.01.2014-invitation of suggestion/comments.

To view, please CLICK HERE. 

Revision of interest rates for Small Savings Schemes

To view, please CLICK HERE. 

Filing of assets details by Government officials

Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions

30-March-2017 16:23 IST

Filing of assets details by Government officials

The Section 44 of the Lokpal and Lokayuktas Act, 2013 requiring declaration of assets and liabilities in respect of public servants, their spouses and dependent children has been amended by the Lokpal and Lokayuktas (Amendment) Act, 2016 on 29.07.2016. The Amended Act shall be deemed to have come into force on 16.01.2014. The amended Section 44 reads as:

“44. On and from the date of commencement of this Act, every public servant shall make a declaration of his assets and liabilities in such form and manner as may be prescribed”.

The Government had introduced the Lokpal & Lokayuktas and other related Law (Amendment) Bill 2014, which inter-alia proposes to amend certain provisions of the Lokpal and Lokayuktas Act, 2013 so as to provide for situations where the composition of the Selection Committee is deficient/incomplete due to absence of Leader of Opposition in the Lok Sabha, etc.

This was stated by the Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office Dr. Jitendra Singh in a written reply to a question by Shri A. Vijayakumar in the Rajya Sabha today.

Revision of intrest rates for Small Savings Schemes wef 01.04.2017

Distribution of Group C Posts After Cadre Restructuring in All over India

30069 PA posts are reduced in cadre restructuring.  On other hand 21514 LSG, 7381 HSG-II & 967 HSG-I new posts are increased besides 735 posts in new HSG (NFG) cadre created.These reduction and increase has not made any change in the total sanction strength of Gr. C cadre. 

Grant of Dearness Allowance to Central Government employees - Revised Rates effective from 01.01.2017

Government to announce revised allowances as per 7th Pay Commission in April

Central government employees may be in for some good news this April as revised allowances including house rent allowance (HRA) are likely to be announced after April 12, when the ongoing Budget session of Parliament gets over, reports The Financial Express.

The panel, headed by the Finance Secretary, will hold its final meeting very soon and is on the verge of giving final touches to the allowances which have been reworked in accordance with the 7th Pay Panel’s recommendations.

The panel meeting which took place on Wednesday to mull over the subject lasted for more than three hours. It seems employees in metro cities are in for a bigger cheer as sources suggest that the panel was considering to make HRA a little more generous than the CPC’s award.

Wednesday, March 29, 2017

Transfer / Posting / re-allotment Orders for JTS Group "A" Cadre - TN Circle dtd 29/03/2017

More than 2 dozen companies want collaboration with India Post Payments Bank

Press Information Bureau
Government of India
Ministry of Communications & Information Technology

27-March-2017 12:45 IST

More than 2 dozen companies want collaboration with India Post Payments Bank-Manoj Sinha 

Government has said that there are many companies who have approached the Department of Posts for collaboration with India Post Payments Bank. Replying to a question in the Rajya Sabha, the Minister of Communications Shri Manoj Sinha said that while the Department is in various stages of discussions with them, decision on formal partnerships will be taken after carefully evaluating the entire value proposition that they propose for the common man. The India Post Payments Bank had launched its two branches in Raipur (Chhattisgarh) and Ranchi (Jharkhand) on 30/01/2017 with basic products and banking services in partnership with Punjab National Bank.

Shri Sinha also said that the Payments Banks are different from regular Banks in the following fundamental   ways as per RBI guidelines for Licensing of Payments Banks:

(i)     Payment Banks are not allowed to undertake lending activities directly. It can accept demand deposits only that is savings and current accounts and will initially be restricted to holding a maximum balance of Rs. 100,000(Rupees one lakh only) per individual customer.

(ii)    Payment Banks cannot accept Non Resident Indian (NRI) deposits.

(iii) The Payment Banks cannot set up subsidiaries to undertake non banking
financial services activities.

A list of companies interested in partnering with India Post Payments Bank is attached at Annexure A.

Annexure A

List companies keen to partner with India Post Payments Bank.
YES Bank
Union Bank
Punjab National Bank
IDBI Bank (Industrial Development Bank of India)
SBI (State Bank of India)
Bank of Baroda
IDFC Bank (Industrial development finance company)
Deutshe Bank
Barclays Bank
NABARD (National Bank For Agriculture & Rural Development)
HSBC (Hongkong and Shanghai Banking Corporation)
Allahabad Bank
Indian Overseas Bank
Dena Bank
FIA (Financial Inclusion)
Kotak Mahindra Bank
United Bank of India
HDFC Life (Housing Development Finance Corporation)
Royal Sundaram
PNB Metlife (Punjab National Bank)
ICICI Lombard ( Industrial Credit and Investment Corporation of India Bank)
ICICI Prudential ( Industrial Credit and Investment Corporation of India Bank)
Bajaj Allianz Life

Transfer/Postings in the Senior Administrative Grade (SAG) of India Postal Service, Group 'A'

To view, please CLICK HERE. 

Probation and/or confirmation of Direct Recruit Postal Assistant/Sorting Assistant in Department of Posts-Qualifying test.

To view, please CLICK HERE. 

Instructions for executing End of Year (EOY) in CBS post offices/CPCs

From: Director (CBS)

Sent: 28 March 2017 17:05

To: All CPMG; CPMG Telangana Circle

Cc: All PMG; All DPS; All Postal Divisions; CPC Bangalore; Giriraj Ponnambalam; Gopinath S;; Vinay Gupta; ADG (CBS); Member (Banking & HRD);

Subject: Instructions for executing End of Year (EOY) in CBS post offices/CPCs
Respected Sir/Madam, 

The competent authority has taken following decisions for executing End of Year (EOY) activities for 2016-17 in CBS Post Offices/CPCs:-

1. On 1.4.2017, no CBS Post Office will do any transaction but staff working on CBS will attend post office and follow instructions (as and when ) issued by CEPT Team Chennai. 

(A public notice should be put on the notice board of all CBS Post Offices that due to End of Year, no transaction will be accepted on 01.04.2017 and Monthly/Quarterly Interest of MIS/SCSS if due on 1st April 2017 will be paid on03.04.2017. ATMs will be operational  on 01/04/2017). Salary & Pension uploads should be done after completion of EOD for 1st April 2017. 

2.CBS Post Offices should ensure that no unverified account or modification in accounts of SB/PPF/SSA/NSS-87/NSS-92 remains unverified as interest is not calculated for any account if any modification is unverified, as on 31/03/2017. Concerned staff should be alerted so that such lapses may be avoided.

3.   All CBS Post Offices, on 31.3.2017, should do transactions latest up to  1700 hours and verify all the transactions simultaneously so that there may be no Blocking Transactions at 1700 hours. All CBS Post Offices should complete HISCOD latest by 1800 hours, except those SOLs which await clearing information from the respective HOs. CPCs should monitor this activity and any blocking validation should be reported to FSI Helpdesk and CEPT Team, immediately on noticing so that solution can be provided well in time. 

4. CBS Head Post Office dealing with clearing house, should intimate cheque clearing intimation of the cheques cleared on 31.03.2017 to other linked CBS HOs and SOs  well in time on 31.03.2017 either over mail or phone so that credit/debit can be afforded well in time.  Late clearance activity and corresponding credits/debits should be handled by the clearing house POs without any delay. (Please note that in case of PPF Accounts maturing on 31.03.2017, cheque cleared before 31.03.2017 will not be allowed to be credited after 31.03.2017)

5. CEPT FSI Team will be disabling certain menus according to the requirements during EOY Batch execution to control resource utilisation; CPCs will be kept informed from time-to-time on this and should coordinate with their SOLs on this exercise.

5. Reports regarding Interest credited in SB/SSA/PPF/NSS-87 and NSS-92 accounts of a CBS post office, Silent Account maintenance Fee charged and Total number of accounts marked as silent (total amount and accounts  for a Post Office and not account-wise) will be intimated through CPCs by the end of first week of April 2017.

6.  All the concerned teams who are part of the EOY activity (CPC SPOCs, EOD Support Team, CEPT Team) should be available on 2nd April, 2017 and ensure that EOY activity are completed smoothly. 

Instructions for CPCs

1. CPCs should call post offices under their jurisdiction on 31.03.2017, help in clearing blocking validations and ensure smooth completion of HISCOD.
2.  HSCOD will be executed by CEPT team centrally; CPC teams should be available till HSCOD is completed for all their respective SOLs. 

3. All CPCs will remain open during the night of 31.03.2017 and duties of staff should be notified in shifts.

Circles/Regions/Divisions should ensure that these instructions are followed scrupulously  by all CBS Post Offices and CPCs.

With regards,

Sachin Kishore
Director (CBS)
Sansad Marg,
Dak Bhavan

Conduct of LDGE for LGOs for promotion to the cadre of PA / SA from Postman / Mail Guard and MTS cadre for deputation to Army Postal Services

10 most important income-tax changes which will apply from April 1

With the passage of the Finance Bill on Wednesday, the Lok Sabha has completed the budgetary exercise for 2017-18. The tax proposals in the Budget 2017 have now become law. Below are 10 most important income-tax changes that will affect you next month: 

1. With a decrease in tax rate from 10 per cent to 5 per cent for total income between Rs 2.5 lakh and Rs 5 lakh, there is tax saving of up to Rs 12,500 per year and Rs 14,806 (including surcharge and cess) for those with income above Rs 1 crore. 

2. Tax rebate is reduced to Rs 2,500 from Rs 5,000 per year for taxpayers with income up to Rs 3.5 lakh (earlier Rs 5 lakh). Due to the combined effect of change in tax rate and rebate, an individual with taxable income of Rs 3.5 lakh will now pay tax of 2,575 instead of 5,150 earlier. 

3. Surcharge at 10 per cent of tax levied on rich taxpayers, with income between Rs 50 lakh and Rs 1 crore. The rate of surcharge for the super rich, with income above Rs 1 crore, will remain 15 per cent. 

4. Holding period for immovable property to be considered "long term" reduced to 2 years from 3. This will ensure immovable property held beyond 2 years is taxed at reduced rate of 20 per cent and eligible for various exemptions on reinvestment. 

5. Long term capital gains tax will result in a lower payout owing to beneficial amendments. The base year for indexation of cost (adjustment of inflation) has been shifted to April 1, 2001 from April 1, 1981. This means lower profits on sale. 

6. Further, tax exemption will be available on reinvestment of capital gains in notified redeemable bonds (in addition to investment in NHAI and REC bonds). 

7. A simple one-page tax return form is to be introduced for individuals with taxable income up to Rs 5 lakh (excluding business income). Those filing returns for the first time in this category will generally not be subject to scrutiny. 

8. Delay in filing tax return for 2017-18 will attract penalty of Rs 5,000 if filed by Dec 31, 2018 and Rs 10,000 if filed later. Such fee will be restricted to Rs 1,000 for small taxpayers with income up to Rs 5 lakh. 

9. Deduction for first-time investors in listed equity shares or listed units of equity oriented fund under the Rajiv Gandhi Equity Savings Scheme is withdrawn from 2017-18. If an individual has already claimed deduction under this scheme before April 1, 2017, he/she shall be allowed to avail a deduction for the next two years. 

10. Time period for revision of tax return cut to one year (from 2 years) from the end of the relevant FY or before completion of assessment, whichever is earlier.

Source:-The Economic Times