It was communicated by AP and Telangana Circle offices that the Holiday on account of Milad-Ul-Nabi is changed from 13.12.2016 to 12.12.2016.
Friday, December 9, 2016
Thursday, December 8, 2016
Special Discount for Petrol, Train Seasonal Ticket, Insurance Premium and Toll Fees on Digital Payment
Press Information Bureau
Government of India
Ministry of Finance
08-December-2016 18:20 IST
In the aftermath of the cancellation of the legal tender character of old Rs.500 and Rs.1,000 notes, there has been a surge in the digital transactions through use of credit/debit cards and mobile phone applications/e-wallets etc. To further accelerate this process, the Central Government has decided on a package of incentives and measures for promotion of digital and cashless economy in the country.
These incentives/measures are following:
1. The Central Government Petroleum PSUs shall give incentive by offering a discount at the rate of 0.75% of the sale price to consumers on purchase of petrol/diesel if payment is made through digital means.
Nearly 4.5 crore customers buy petrol or diesel at such petrol pumps per day who can take benefit of this incentive scheme. It is estimated that petrol/diesel worth Rs.1800 crore is sold per day to the customers out of which nearly 20% was being paid through digital means. In the month of November 2016 it has increased to 40% and the cash transaction of Rs.360 crore per day have got shifted to cashless transaction methods. The incentive scheme has the potential of shifting at least 30% more customer to digital means which will further reduce the cash requirement of nearly Rs. 2 lakh crore per year at the petrol pumps.
7th Pay Commission : Govt Still thinking will it be feasible about over higher Allowances
The Finance Ministry official involved with the process of higher allowances on condition of anonymity, told that the Govt is facing the classic dilemma on the subject of issuing of notification of higher allowances under 7th pay commission recommendations.
“The October-November month is the scheduled for issuing notification for the Finance Ministry, but the time was extended by 2 months because the cash crunch on account of demonetisation, which is taking time to get normality.
“The Finance Ministry has got 2 months extension to issue the higher allowances notification under 7th Pay Commission recommendations”, a Finance Ministry official said on condition of anonymity.
Therefor,unless the banks can begin to function with a modicum of efficiency, the government will not issue notification on higher allowances to save demonetisation chaos,” the sources added.
The sources further added “the issue of increased financial activities after demonetisation compels the govt to keep in abeyance to issue higher allowances notification for getting normalized the position and it is likely to issue from January next, after the the cash crunch will ease. (‘Hopefully’).
As the demonetisation drive today completes 30 days, cash situation continues to stay critical in the country as evident by the unending queues outside banks and a few operational ATMs.
“The government dilemma in relation to issuing higher allowances notification will make to force central government employees to stand in long queues,” the official said. “That is the dilemma, the government is trying to work through.”
“The committee on Allowances has finalized the proposal on the allowances but the government is not interested to do it now,” an official said. “The government will decide to review all situation in respect of cash crunch, the Finance Minister Arun Jaitley is looking at all situations to normalize cash crunch, only then he will receive report on higher allowances.” sources added.
However, the committee on allowances head by Finance Secretary Ashok Lavasa said in October, “We are ready to submit our report, when the Finance Minister Arun Jaitley calls up.”
Wednesday, December 7, 2016
Re-designation of the of Post PMG /DPS and redeployment -reg
Re-designation of the Post PMG /DPS and redeployment - reg.
Tuesday, December 6, 2016
CGHS Medical Reimbursement Enhanced to 5 lakhs
Delegation of powers to heads of Departments in various Ministries/Departments for settling per mission cases and post facto approval relating to referral system anal medical reimbursement under CGHS — Enhancement of ceiling rate from Rs. 2 Lakhs to Rs. 5 Lakhs without consultation of IFD of concerned Ministry
Indian Bank Recruitment for Probationary Officer (PO) 2017 (PGDBF) for 324 Posts
Indian Bank is inviting online applications from young and bright graduates who fulfill the eligibility criteria specified and who are interested in Banking career, for admission to the One year Post Graduate Diploma in Banking and Finance (PGDBF) course at Indian Bank Manipal School of Banking (IBMSB), which has been set up jointly by India n Bank and Manipal Global Education Service Pvt Ltd. You can apply online from 6th December 2016 to 22nd December 2016. No IBPS Score required to apply. The Online Test will be held in two phases. Preliminary test will be held on 22nd January 2017 and the Main online exam will be held on 28th February 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.
Posts : Probationary Officer (PO) : 324 Posts
Educational Qualification : Degree (Graduation) with a minimum of 60% (55% for SC/ST/PWD) marks in aggregate in any discipline from a recognised University OR any equivalent qualification as such recognised by Central Government.
Age Limit : (As on 01.07.2016) Minimum 20 years- Maximum 28 years i.e. a candidate must have been born not earlier than 02.07.1988 and not later than 01.07.1996 (both dates inclusive)
Selection Process : Candidates will be selected based on an interview.
How to Apply : Interested Candidates may Apply Online Through official Website.
Advertisement : Click HereImportant Dates :
Apply Online : Click Here
Last Date of Online Registration - 22nd December 2016
Download of Call Letters for Pre Exam Training - after 5th January 2017
Conduct of Pre-Exam Training - 12th January 2017 to 19th January 2017
Call Letter Download for Preliminary Exam - after 11th January 2017
Preliminary Online Examination - 22nd January 2017
Result of Preliminary Online Exam - 30th January 2017
Download of Call Letters for Main Online Exam - 16th February 2017
Main Online Examination - 28th February 2017
Revision of Income limit for dependency for the purpose of providing CGHS coverage to family members
Revision of Income limit for dependency for the purpose of providing Central Government Health Scheme (CGHS) coverage to family members of the CGHS covered employees subsequent to implementation of recommendation of the seventh Central Pay Commission.
To view, please CLICK HERE.
IT Department refers large number of cases with serious irregularities detected Post De-monetization to Enforcement Directorate
Income Tax (IT) Department carries-out swift investigations in more than 400 cases since the de-monetization of old High Denomination (OHD) currency on 8th November, 2016; More than Rs. 130 crore in cash and jewellery seized and approximately Rs. 2,000 crore of Undisclosed Income admitted by the taxpayers; IT Department refers large number of cases with serious irregularities detected Post De-monetization to Enforcement Directorate (ED) & CBI.
The Income Tax Department has carried-out swift investigations in more than 400 cases since the de-monetization of Old High Denomination (OHD) currency announced by the Government on 8th November, 2016. More than Rs. 130 Crore in cash and jewellery has been seized and approximately Rs.2000 Crore of undisclosed income has been admitted by the taxpayers.
Detecting serious irregularities beyond the Income-tax Act, the CBDT decided to refer such cases to the ED and the CBI, enabling them to examine the criminal conduct for immediate necessary action. More than 30 such references have already been made to the ED, and are being sent to the CBI.
The Bengaluru Investigation Unit of the Income Tax Department has sent maximum references (18) to ED. These are cases where undisclosed cash in new high denomination notes was seized by the Department. The Mumbai unit has referred a case where Rs. 80 lakh in new high denomination currency notes were seized. Ludhiana Unit has referred 2 cases, where seizures of USD 14000 and Rs. 72 lakh in cash were made. Hyderabad, shared a case involving seizure of Rs. 95 lakhs cash from 5 persons travelling in a Tata Indica. Pune’s reference stems from a seizure of Rs. 20 lakhs cash, including 10 lakhs in new currency notes from an un-allotted locker of urban cooperative bank, the key of which was in the possession of the CEO of the bank. Two cases referred by the Bhopal unit are of jewelers against whom evidence of large scale pre-dating of bills and flouting of PAN reporting norms were detected during searches conducted. The cases referred from the Delhi unit include the Axis Bank, Kashmiri Gate in which complicity of officers of the bank in the malpractices was detected.
The concerted and coordinated enforcement action of the Income Tax Department, ED & CBI in detecting the malpractices and taking swift action is going to continue in the coming days.
*****
DSM/KA
Detecting serious irregularities beyond the Income-tax Act, the CBDT decided to refer such cases to the ED and the CBI, enabling them to examine the criminal conduct for immediate necessary action. More than 30 such references have already been made to the ED, and are being sent to the CBI.
The Bengaluru Investigation Unit of the Income Tax Department has sent maximum references (18) to ED. These are cases where undisclosed cash in new high denomination notes was seized by the Department. The Mumbai unit has referred a case where Rs. 80 lakh in new high denomination currency notes were seized. Ludhiana Unit has referred 2 cases, where seizures of USD 14000 and Rs. 72 lakh in cash were made. Hyderabad, shared a case involving seizure of Rs. 95 lakhs cash from 5 persons travelling in a Tata Indica. Pune’s reference stems from a seizure of Rs. 20 lakhs cash, including 10 lakhs in new currency notes from an un-allotted locker of urban cooperative bank, the key of which was in the possession of the CEO of the bank. Two cases referred by the Bhopal unit are of jewelers against whom evidence of large scale pre-dating of bills and flouting of PAN reporting norms were detected during searches conducted. The cases referred from the Delhi unit include the Axis Bank, Kashmiri Gate in which complicity of officers of the bank in the malpractices was detected.
The concerted and coordinated enforcement action of the Income Tax Department, ED & CBI in detecting the malpractices and taking swift action is going to continue in the coming days.
Source : PIB, (Release ID :154960)
Thursday, November 24, 2016
Demonetisation : No over the counter exchange of old Rs. 500 and Rs. 1000 notes after midnight of 24.11.2016 ; Certain other exemptions continued till 15th December, 2016 with certain additions and modifications.
After due consideration of all relevant aspects, the Central Government takes various decisions relating to certain operational aspects of the Scheme relating to cancellation of legal tender character of old Rs. 500 and Rs. 1000 notes; No over the counter exchange of old Rs. 500 and Rs. 1000 notes after midnight of 24.11.2016;.Certain other exemptions continued till 15th December, 2016 with certain additions and modifications.
Cabinet moves in to tax post demonetisation deposits
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| Prime Minister Narendra Modi in the Rajya Sabha on Thursday. | Photo Credit: PTI |
Wednesday, November 23, 2016
7th Pay Commission: Higher allowances from January 2016
7th Pay Commission: Higher allowances from January
New Delhi: The central government employees to get their higher allowances under the 7th Pay Commission recommendations from January next, the top Finance Ministry sources told today.
When asked whether the arrears would be paid too, they said, “Higher allowances will be paid with retrospective effect from August 2016 but the central government employees unions demanded for implementation of the allowances with retrospective effect from January 2016.”
“The central government employees unions wanted that House Rent Allowance (HRA) be fixed at range 10, 20 and 30 per cent of the basic linked to the classification of the town of posting when the Pay commission recommended 24%, 16% and 8% respectively of new pay matrix, the union also asked to enhance children education allowance of Rs 3,000 and hostel subsidy of Rs 10,000 with tax exempt.” the sources said.
Government Committee for consideration of issues of 7th CPC recommendations
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA
UNSTARRED QUESTION NO-713
ANSWERED ON-22.11.2016
Government Committee for consideration of issues of 7th CPC recommendations
713 . Shri Neeraj Shekhar
(a) whether Group of Ministers including Union Minister for Finance had assured the representatives of various trade unions/JCM to set up a Committee to consider the demand of revision of Minimum Wage and Fitment Formula under 7th CPC with a mandate to finalize its report within four months;
(b) if so, the present status of the Committee;
(c) the reasons for the delay in report by the said Committee even after elapsing of more than four months;
(d) whether the Committee on Allowances has finalized its report;
(e) if so, the details thereof along with the salient recommendations thereof; and
(f) if not, the reasons therefor?
Withholding Annual Increments of Non-performers after 20 Years
Press Information Bureau
Government of India
23-November-2016 17:04 IST
Pay Hike
The 7th Central Pay Commission in its Report contained in Para 5.1.46 titled 'Withholding Annual Increments of Non-performers after 20 Years' has inter-alia recommended for withholding of annual increments in the case of those employees who are not able to meet the benchmark either for Modified Assured Career Progression (MACP) or a regular promotion within the first 20 years of their service. The Government of India vide Resolution No.1-2/2016-IC dated 25.7.2016 has accepted this recommendation.
This was stated by the the Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh in written reply to a question by Shri Ram Charitra Nishad in the Lok Sabha today.
Post Office SB accounts are excluded for deposit of SBN Notes clarification received from Finmin
( Deposits into Post Office Savings Accounts are excluded )
(Dated 23rd November, 2016)
Source :http://finmin.nic.in/SmallSaving_Notes23112016.pdf
(Dated 23rd November, 2016)
Source :http://finmin.nic.in/SmallSaving_Notes23112016.pdf
Tuesday, November 22, 2016
Monday, November 21, 2016
7th Pay Commission: Weekly work report to decide annual increment
New Delhi: The Department of Personnel and Training is going to soon bring out guidelines which will help in tracking performance of Central government employees in more transparent manner.
As per reports, Central government employees will need to give a weekly work report every Friday showing the task accomplished as well as the pending work.
The Seventh Pay Commission has recommended that Central government employees should be offered annual increments only if they meet certain performance criterion. The Pay Commission has also sought upgradation of performance benchmark to “very good” from “good” level and recommended introduction of the Performance Related Pay (PRP) for all categories of central government employees.
The 7th Pay Commission believes grant of Modified Assured Career Progression (MACP), although subject to the employee attaining the laid down threshold of performance, is taken for granted.”
It had siad in the report that "employees who do not meet the laid down performance criterion should not be allowed to earn future annual increments. The Commission is therefore proposing withholding of annual increments in the case of those employees who are not able to meet the benchmark either for MACP or a regular promotion within the first 20 years of their service. This will act as a deterrent for complacent and inefficient employees. However, since this is not a penalty, the norms for penal action in disciplinary cases involving withholding increments will not be applicable in such cases. This will be treated as an efficiency bar,”
Read at: Zee News
Friday, November 18, 2016
Grant of Dearness Relief to Central Government pensioners/family pensioners - Revised rate effective from 1.7.2016 on implementation of decision taken on recommendation of 7th Central Pay Commission
Dearness Relief to Central Government pensioners/family pensioners from 1.7.2016 - Orders issued
F.No.42/15/2016-P&PW(G)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Pension & Pensioners’ Welfare
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Pension & Pensioners’ Welfare
3rd Floor, Lok Nayak Bhavan,
Khan Market, New Delhi - 110003
Date: 16th Nov,2016
Khan Market, New Delhi - 110003
Date: 16th Nov,2016
OFFICE MEMORANDUM
Subject: Grant of Dearness Relief to Central Government pensioners/family pensioners - Revised rate effective from 1.7.2016 on implementation of decision taken on recommendation of 7th Central Pay Commission.
The undersigned is directed to say that subsequent to implementation of the decision taken by the Government on the recommendation of the 7th Central Pay Commission, the President is pleased to decide that the Dearness Relief admissible to Central Government pensioners/family pensioners shall be as follows:
| Date from which payable | Rate of Dearness Relief per month |
| From 01.01.2016 | No Dearness Relief |
| From 01.07.2016 | 2% of Basic Pension/Family Pension |
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