Sl. No.
|
Name of Officer
|
Circle
|
1
|
A Sheshagiri Rao
|
Andhra Pradesh
|
2
|
N P Arse
|
Maharashtra
|
3
|
M T Choudhary
|
Maharashtra
|
4
|
V K Sharma
|
Madhya Pradesh
|
5
|
N Azhagupandiyan
|
Tamil Nadu
|
6
|
Shan Karen
|
Punjab
|
7
|
B Syed Imam
|
Andhra Pradesh
|
8
|
Dhanotia S K
|
Himalchal Pradesh
|
9
|
Raja Shekhar Sharma
|
Andhra Pradesh
|
10
|
Sampat Ram
|
Haryana
|
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.
CHQ wishes them a happy, healthy, peaceful and long retirment life.
Filing of assets details by Government officials
Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions
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.
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.
Thursday, March 30, 2017
Wednesday, March 29, 2017
More than 2 dozen companies want collaboration with India Post Payments Bank
Press Information Bureau
Government of India
Ministry of Communications & Information Technology
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.
|
|
1
|
YES Bank
|
2
|
Union Bank
|
3
|
Punjab National Bank
|
4
|
IDBI Bank (Industrial Development Bank of
India)
|
5
|
SBI (State Bank of India)
|
6
|
Axis
|
7
|
Bank of Baroda
|
8
|
IDFC Bank (Industrial development finance company)
|
9
|
Deutshe Bank
|
10
|
Barclays Bank
|
11
|
Citibank
|
12
|
NABARD (National Bank For Agriculture & Rural
Development)
|
13
|
HSBC (Hongkong and Shanghai Banking Corporation)
|
14
|
MICRO SAVE
|
15
|
Allahabad Bank
|
16
|
Indian Overseas Bank
|
17
|
Dena Bank
|
18
|
FIA (Financial Inclusion)
|
19
|
Kotak Mahindra Bank
|
20
|
United Bank of India
|
21
|
HDFC Life (Housing Development Finance Corporation)
|
22
|
Royal Sundaram
|
23
|
PNB Metlife (Punjab National Bank)
|
24
|
ICICI Lombard ( Industrial Credit and Investment
Corporation of India Bank)
|
25
|
ICICI Prudential ( Industrial Credit and
Investment Corporation of India Bank)
|
26
|
Bajaj Allianz Life
|
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; vimal.kumar@nisg.org; Vinay Gupta; ADG (CBS); Member (Banking & HRD); pande.alok@nic.in
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
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
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