7TH PAY COMMISSION LATEST NEWS

7th pay commission allowance committee report will be submitted within a week-NC JCM

Shiva Gopal Mishra Secretary National Council(Staff Side) Joint Consultative Machinery for Central Government Employees 13-C, Fer...

Saturday, February 27, 2010

SMS based money transfer service from indiapost with BSNL

SMS based money transfer service from indiapost with BSNL




India’s National telecom backbone Bharat Sanchar Nigam Limited (BSNL) all set to launch unique mobile banking platform to help the mobile subscribers to transfer money electronically.



According to the Operator, It will be more helpful to send money instantly in rural parts of India wherein the Banking infrastructures is yet not good. This new service will be an SMS based services which will be deploy in association with India Post. With this service any one can send their money by just and SMS and the Receiver will be able to get the money with the SMS which content unique code at all post offices in across India.



To transfer the amount or send Money Order through BSNL’s Money Transfer Service,one can do that by visiting his nearest post office and can transfer the money through just an SMS. The SMS will contain a unique code which can be used by receiver to collect the money by showing the code at the nearest post office.


The service will save the time and money in terms of transaction cost as the SMS will reach in real time. Also this service will help people not having a proper address for physical delivery of the money order. While all this is only the first stage, the next stage is said to be to buy groceries with just an authorization from your bank in your phone and it is expected to cause a real revolution.

source:telecometalk.info
Filed Under:

An Important Circular from Confederation of Central Government Employees & Workers

An Important Circular from Confederation of Central Government Employees & Workers
Circular from Secretary General as follows…


As you are aware the Central Trade Unions including the INTUC and BMS had united decided to carry out programmes of action against the neo liberal economic policies, especially in the matter of price rise, disinvestment of PSUS etc. In their press statement issued on 16th December, 2009, a call had been given for satyagraha/Jail Bharo to be organized on 17th February, 2010. Due to some unavoidable circumstances, this programme had to be postponed and would now take place on 5th March, 2010.



We have in our National Sectt. Meeting held recently taken the decision to be part and parcel of these prgrammes of action. Though Jail Bharo may be difficult for our comrades to participate, we request all affiliates and State Committee to enlist the participation of all our comrades in the demonstration that would be held prior to the court arrest. If the programme is being carried out at a centrally located place in each town and city, our comrades may kindly be asked to go over to that location to participate in the demonstration. If no such central place is identified, the State Committee of Confederation may explore the possibility of organizing the programme at a pre identified place or office as the case may be.

The five demands are:



(a) Contain price rise of essential commodities through appropriate corrective and universal distributive measures; contain speculation in commodity market.



(b) Take concrete proactive measures for employment protection in the recession stricken sectors along with the stimulus package being offered to the concerned entrepreneurs.



(c) Ensure strict enforcement of all basic labour laws without any exception or exemption and stringent punitive measures for violation of labour laws.



(d) Take steps for removal of all restrictive provisions based on poverty line in respect of eligibility for coverage of the schemes under the unorganized workers social security Act, 2008 and create National Fund to provide for National Floor level social security to all unorganized sector workers.



(e) Stop disinvestment of shares of Central Public Sector enterprises; instead use their growing reserve and surplus for expansion and modernization purposes and also for revival of sick public sector undertakings.



We have today issued a Press Statement on the Budget presented by the Finance Minister in the Parliament. A copy of the same is enclosed. Our views on the Budget are contained in the Press Statement. This Statement has been prepared before we get into all details of the Budget as it was not placed on the Website immediately after presentation.



With greetings,



(f) We have today issued a Press Statement on the Budget presented by the Finance Minister in the Parliament. A copy of the same is enclosed. Our views on the Budget are contained in the Press Statement. This Statement has been prepared before we get into all details of the Budget as it was not placed on the Website immediately after presentation.



With greetings,



Yours fraternally,


K.K.N. Kutty


Secretary General
Filed Under:

Revision of hourly rates of incentive bonus and bonus factor

GOVERNMENT OF INDIA

MINISTRY OF RAILWAYS



(RAILWAY BOARD)

No.2008/M(W)/814/38 New Delhi,dated: 23.02.2010



The GMs / CAO(R)

All Indian Railways/Production Units,


Subject : Revision of hourly rates of incentive bonus and bonus factor of Workshops / PUs in respect of staff under CRJ pattern / GIS - Clarification.

Ref: Board's letter of even no. dated 29.10.09.


Vide Board's letter under reference, the revised hourly rates of incentive bonus and bonus factor of workshops / PUs were advised to the Railways. Some of the Railways have sought certain clarifications regarding implementation of above instructions. The details of issues raised the clarifications are given below:



i. Issue: Date of revision of incentive bonus in case of SSE / SE (Grade Pay 4600).

Clarification: The revised in case of SSEs / SEs (Grade Pay 4600) will be effective from 1.6.09.

ii. Issue: Category of supervisors who are entitled for incentive.

Clarification: SSEs / SEs directly supervising the staff working on the shop floor are entitled for payment of incentive bonus at a flat rate of 15% of the basic pay. For related issues, kindly refer to Board's letter No.99/M(Prod.)/814/35 dated 22.5.2000 and 16.3.2004.

iii. Issue: Guidelines for reduction of 5% in allowed time.

Clarification: Workshops / PUs may reduce the normalized time for individual activity in such a manner that the overall allowed time for that activity is reduced by 5%.

iv. Issue: Payment of incentive to staff and supervisors on getting the benefit of Modified Assured Career Progression (MACP).

Clarification: Incentive payment should be decided on the basis of the post/designation held by the employee and the hourly rate/bonus factor corresponding to that post/designation.



(Vinod Kumar)

Jt. Director Mech. Engg.(P)I

Railway Board.
Filed Under:

New Income Tax Slab for FY-2010-11








New Income Slab for Individual

Income Slab Tax Income Slab Tax

Income upto Rs 1,60,000 Nil Income upto Rs 1,60,000 Nil

Income from Rs 1,60,001 to 5,00,000 10 % Income from Rs 1,60,001 to 3,00,000 10 %

Income from Rs 5,00,001 to 8,00,000 20 % Income from Rs 3,00,001 to 5,00,000 20 %

Income above 8,00,000 30 % Income above Rs 5,00,000 30 %

(Tax exemption under Infra Bonds Rs.20,000 from FY 2010-11)





New Income Slab for Women

Income Slab Tax Income Slab Tax

Income upto Rs 1,90,000 Nil Income upto Rs 1,90,000 Nil

Income from Rs 1,90,001 to 5,00,000 10 % Income from Rs 1,90,001 to 3,00,000 10 %

Income from Rs 5,00,001 to 8,00,000 20 % Income from Rs 3,00,001 to 5,00,000 20 %

Income above 8,00,000 30 % Income above Rs 5,00,000 30 %

(Tax exemption under Infra Bonds Rs.20,000 from FY 2010-11)





New Income Slab for Senior Citizen

Income Slab Tax Income Slab Tax

Income upto Rs 2,40,000 Nil Income upto Rs 2,40,000 Nil

Income from Rs 2,40,001 to 5,00,000 10 % Income from Rs 2,40,001 to 3,00,000 10 %

Income from Rs 5,00,001 to 8,00,000 20 % Income from Rs 3,00,001 to 5,00,000 20 %

Income above 8,00,000 30 % Income above Rs 5,00,000 30 %

(Tax exemption under Infra Bonds Rs.20,000 from FY 2010-11)

CGHS subscription will be exempted u/s 80D

Wednesday, February 24, 2010

Scheme for Compassionate Appointment – Relative Merit Points and Procedure for selection

No. 37-36/2004-SPB-1/C.

Government of India

Ministry of Communication & IT

Department of Posts

SPB-1/C. Section

Dak Bhawan, Parliament Street,

New Delhi – 110001

No. 37-36/2004-SPB-I/C

Dated 20.01.2010

Sub: – Scheme for Compassionate Appointment – Relative Merit Points and Procedure for selection

The objective of the Scheme for Compassionate Appointment is to grant appointment on compassionate grounds to a dependent family member of a Government servant dying in harness or who is retired on medical grounds, thereby leaving his family in penury and without any means of livelihood. It is to relieve the family of the Government servant concerned from financial destitution and to help it get over the emergency. Keeping, I view the objective of the Scheme, the existing instructions relating to compassionate Appointment have time and again been reviewed/modified/simplified so that the system finally derived at shall be more transparent, efficient and uniform in nature.

The efficacy of the Scheme is based on its transparency. It is this aspect, which is foremost and hence while considering a request for appointment on Compassionate grounds by a Committee, a balanced and objective assessment of the financial condition of the family has to be made taking into consideration its assets and liabilities and all other relevant factors such as the presence of earning member, size of the family, ages of the children and the essential needs of the family etc. This is done to assess the degree of indigence among all the applicants considered for compassionate appointment within the prescribed ceiling of 5% of the direct recruitment vacancies.

The existing position has been reviewed in this Department and it has been decided by the competent authority that to achieve the objective of the scheme of the Compassionate Appointment and to ensure complete transparency, merits of the cases can be conveniently decided by allocating points to the applicants based on various attributes indicated in the references of DOP&T from time to time. Accordingly the Department has worked out a system of allocation of points to various attributes based on a hundred point-scale as indicated in the tables below: -

(A) FAMILY PENSION (BASIC EXCLUDING DA & ALLOWANCES)



S.No. Points Proposed slab for Department of Posts

1 20 Upto 5000

2 18 5001 – 8000

3 16 8001 – 11000

4 14 11001 – 14000

5 12 14001 – 17000

6 10 17001 – 20000

7 8 20001 – 23000

8 6 Above 23000

(b)Terminal benefits (DCRG, GPF, CGEGIS, Leave encashment & Pension Commutation)



S.No. Points Proposed slab for Department of Posts

1 10 Upto 140000

2 9 140001 – 168000

3 8 168001 – 196000

4 7 196001 – 224000

5 6 224001 – 252000

6 5 252001 – 280000

7 4 280001 – 308000

8 3 308001 – 336000

9 2 336001 – 364000

10 1 364001 – 420000

11 0 420001 & above

(c)Monthly income of earning members and income from property



S.No. Points Proposed slab for Department of Posts

1 5 No Income

2 4 2500 or less

3 3 2501 – 3500

4 2 3501 – 4500

5 1 4501 – 5500

6 0 5500 & above

(d) Moveable/Immovable Property



S.No. Points Proposed slab for Department of Posts

1 10 Nil

2 8 Upto 150000

3 6 150001 – 300000

4 3 300001 – 600000

5 1 600001 – 1000000

6 0 above 1000000

(e)No of dependents – Points



Unmarried daughters Points

(i) 3 and above 15

(ii) 2 10

(iii) 1 5

(vi) None 0

(g)No of Minor children – Points



Minor Children Points

(i) 3 and above 15

(ii) 2 10

(iii) 1 5

(vi) None 0

(h)Left over Service – Points



Left over service Points

(i) Over 20 years 10

(ii) Over 15 & 20 years 8

(iii) Over 10 & Upto 15 years 6

(vi) Over 5 & 10 years 4

(v)0 – 5 years 2

IN ADDITION TO THE ABOVE, CASES WHERE THE WIFE OF THE DECEASED OFFICIAL HAS APPLIED FOR COMPASSIONATE APPOINTMENT FOR HERSELF, SHE SHALL GET 15 ADDITIONAL POINTS AS GRACE POINTS. THIS WILL BE IN LINE WITH THE GENERAL PRINCIPLE THAT THE WIDOW NEEDS TO BE GIVEN PREFERENCE FOR COMPASSIONATE APPOINTMENT.

The above system of weightage not only awards objectivity to the entire method but also ensured complete transparency and uniformity in the selection process. The above method should be strictly followed with immediate effect, keeping in view the instructions issued by the Department of Personnel & Training from time to time.

This has the approval of Secretary (Posts)

Sd/- (B. P. Sridevi)

Director (Staff

CGHS to do Preventive Health Check up for beneficiaries

CGHS to do Preventive Health Check up for beneficiaries above forty years of age



Preventive health check up for adults has been introduced in CGHS within primary health care level. The introduction is designed to conduct a periodic examination, which can detect disease early and can help in preventive diseases. Such a preventive check up is a health appraisal specially related to age, risk factors and lifestyle.



The aim of the preventive health check envisages to develop a system to assess the health status through health checks for CGHS beneficiaries above 40 years of age and to provide preventive, referral and follow-up services to the beneficiaries through medical check-ups, health education and counseling of the beneficiaries on various issues.



The Preventive Health Check is envisaged as a Pilot Project which has been started for Central Government employees aged over 40 years at CGHS Wellness Centre RKP-V (Sector-12), R.K. Puram, New Delhi and CGHS Wellness Centre RKP-I (Sector 4), R.K. Puram, New Delhi, with a set of proforma and investigations. It is proposed to have a mass screening of Central Government employees, Serving and Pensioners at CGHS Wellness Centre level by paramedic initially for basic history, clinical examination by Medical Officer/Specialist later reviewing investigations done.



The on line module(software) of the Preventive Health Check Project has been developed with the collaboration of the NIC officials. The Module with the proforma for health checks and investigations is being deployed for use for the CGHS Wellness Centre RKP-V (Sector-12), D-57, where the Preventive Health Check Project has started. All operational formalities are complete and the module is in use.



CGHS has already finalized a package deal with Dr. Bhasin Path Labs for the set of specific investigations (Male/Female) for Health Check.



Operational steps for check up



Within 10 days prior to registration date given, beneficiary goes to CMO I/c of his Wellness Centre for an investigation slip for Health Check up.



Beneficiary goes to the center for investigations. The reports of beneficiary are uploaded by the center in module and are now available to CMO I/c of the Wellness Centre/Health Check Centre.



On the date of registration, beneficiary reports at Health Check Centre where a Paramedic (preferably a Staff Nurse) enters all Preliminary History data and baseline General Physical examination data like Weight, Height, BMI, Pulse, BP, Temp. etc.



The physician now has History, Examination data done by Para-medic and investigations data from Diagnostic Centre, Physician after entering all Clinical examination data and evaluating all details put beneficiary in one of the following four categories and records his advice on in physician column.



1.Apparently healthy: :Follow up after one year for Annual Health Check



2.Needs to be investigated further :Next Health Check after 6 Months



3.At risk for Disease :Advised follow-up after that 3 Months



4.Diagnosed to have Disease :Referred to a Specialist for management


SOURCE;CGSN
Filed Under:

CGHS Facilities in Uttar Pradesh and Madhya Pradesh

CGHS Facilities in Uttar Pradesh and Madhya Pradesh



CGHS does not run any hospital anywhere in the country. CGHS functions in (i) Meerut (6 dispensaries); (ii) Kanpur (9 dispensaries); (iii) Lucknow (6 dispensaries) and 1 polyclinic); and (iv) Allahabad (8 dispensaries) in Uttar Pradesh.



In Madhya Pradesh CGHS functions from (i) Bhopal (1 dispensary); and (ii) Jabalpur (3 dispensaries).



CGHS periodically empanels private hospital and diagnostic centres for providing health care services to its beneficiaries.



This information was given by Minister of Health & Family Welfare, Shri Ghulam Nabi Azad in written reply to a question raised in Rajya Sabha today

SOURCE;CGSN
Filed Under:

Scheme for Compassionate Appointment – Relative Merit Points and Procedure for selection

Scheme for Compassionate Appointment – Relative Merit Points and Procedure for selection



No. 37-36/2004-SPB-1/C.

Government of India

Ministry of Communication & IT

Department of Posts

SPB-1/C. Section

Dak Bhawan, Parliament Street,

New Delhi – 110001

No. 37-36/2004-SPB-I/C

Dated 20.01.2010



Sub: – Scheme for Compassionate Appointment – Relative Merit Points and Procedure for selection

The objective of the Scheme for Compassionate Appointment is to grant appointment on compassionate grounds to a dependent family member of a Government servant dying in harness or who is retired on medical grounds, thereby leaving his family in penury and without any means of livelihood. It is to relieve the family of the Government servant concerned from financial destitution and to help it get over the emergency. Keeping, I view the objective of the Scheme, the existing instructions relating to compassionate Appointment have time and again been reviewed/modified/simplified so that the system finally derived at shall be more transparent, efficient and uniform in nature.



The efficacy of the Scheme is based on its transparency. It is this aspect, which is foremost and hence while considering a request for appointment on Compassionate grounds by a Committee, a balanced and objective assessment of the financial condition of the family has to be made taking into consideration its assets and liabilities and all other relevant factors such as the presence of earning member, size of the family, ages of the children and the essential needs of the family etc. This is done to assess the degree of indigence among all the applicants considered for compassionate appointment within the prescribed ceiling of 5% of the direct recruitment vacancies.



The existing position has been reviewed in this Department and it has been decided by the competent authority that to achieve the objective of the scheme of the Compassionate Appointment and to ensure complete transparency, merits of the cases can be conveniently decided by allocating points to the applicants based on various attributes indicated in the references of DOP&T from time to time. Accordingly the Department has worked out a system of allocation of points to various attributes based on a hundred point-scale as indicated in the tables below: -



(A) FAMILY PENSION (BASIC EXCLUDING DA & ALLOWANCES)



S.No. Points Proposed slab for Department of Posts

1 20 Upto 5000

2 18 5001 – 8000

3 16 8001 – 11000

4 14 11001 – 14000

5 12 14001 – 17000

6 10 17001 – 20000

7 8 20001 – 23000

8 6 Above 23000



(b)Terminal benefits (DCRG, GPF, CGEGIS, Leave encashment & Pension Commutation)



S.No. Points Proposed slab for Department of Posts

1 10 Upto 140000

2 9 140001 – 168000

3 8 168001 – 196000

4 7 196001 – 224000

5 6 224001 – 252000

6 5 252001 – 280000

7 4 280001 – 308000

8 3 308001 – 336000

9 2 336001 – 364000

10 1 364001 – 420000

11 0 420001 & above




(c)Monthly income of earning members and income from property



S.No. Points Proposed slab for Department of Posts

1 5 No Income

2 4 2500 or less

3 3 2501 – 3500

4 2 3501 – 4500

5 1 4501 – 5500

6 0 5500 & above




(d) Moveable/Immovable Property



S.No. Points Proposed slab for Department of Posts

1 10 Nil

2 8 Upto 150000

3 6 150001 – 300000

4 3 300001 – 600000

5 1 600001 – 1000000

6 0 above 1000000




(e)No of dependents – Points



Unmarried daughters Points

(i) 3 and above 15

(ii) 2 10

(iii) 1 5

(vi) None 0




(g)No of Minor children – Points



Minor Children Points

(i) 3 and above 15

(ii) 2 10

(iii) 1 5

(vi) None 0




(h)Left over Service – Points



Left over service Points

(i) Over 20 years 10

(ii) Over 15 & 20 years 8

(iii) Over 10 & Upto 15 years 6

(vi) Over 5 & 10 years 4

(v)0 – 5 years 2



IN ADDITION TO THE ABOVE, CASES WHERE THE WIFE OF THE DECEASED OFFICIAL HAS APPLIED FOR COMPASSIONATE APPOINTMENT FOR HERSELF, SHE SHALL GET 15 ADDITIONAL POINTS AS GRACE POINTS. THIS WILL BE IN LINE WITH THE GENERAL PRINCIPLE THAT THE WIDOW NEEDS TO BE GIVEN PREFERENCE FOR COMPASSIONATE APPOINTMENT.



The above system of weightage not only awards objectivity to the entire method but also ensured complete transparency and uniformity in the selection process. The above method should be strictly followed with immediate effect, keeping in view the instructions issued by the Department of Personnel & Training from time to time.



This has the approval of Secretary (Posts)



Sd/- (B. P. Sridevi)

Director (Staff
Filed Under:

'Reimburse medical expenses up to Rs 50,000'

Wednesday, February 24, 2010



'Reimburse medical expenses up to Rs 50,000'



While industry is apprehensive of a possible rollback of the stimulus package, there could be some cheering news in the forthcoming Union Budget for salaried employees. The government is likely to increase the exemption limit for reimbursement against medical and travel expenses. A hike in the exemption limit for gratuity payment from the present Rs 3.5 lakh is also being considered.



At present, reimbursement of medical expenses up to Rs 15,000 is tax-free. Any reimbursement above that is counted as income and taxed. Similarly, transport allowance is tax-free only up Rs 800 a month. These exemption limits were fixed 10 to 15 years back. The income-tax department is now considering an adequate increase to at least ensure that inflation in the years since is neutralised. In the last 10 years or so, the average price of commodities has almost doubled.



Tax experts feel the present limit for reimbursement of medical expenses should be increased to Rs 50,000. Government sources refused to give any revised figure but said the matter is under consideration.



Senior tax consultant Subhash Lakhotia showed another anomaly in the medical treatment provision. He said that if an employer incurs expenses on travel and stay abroad of the employee or any member of his family for medical treatment, then such expenditure is not treated as a perquisite. But this facility will be available only if the gross total income of the employee is below Rs 2 lakh. Due to this provision, the exemption in respect of medical treatment abroad is lost and cannot be used by any employee. Most employees who are entitled to this facility have income of more than Rs 2 lakh. To make this provision effective, experts feel, the government should change it to enable more employees to avail of it.



Similarly, in 1997, the government had introduced a provision to allow an exemption of Rs 800 per month for a salaried employee on account of transport allowance granted by the employer. This transport allowance is given to meet the expenses for commuting between the employee’s residence and office. But, as the cost of transport has increased, the limit of Rs 800 has become inadequate, said Lakhotia. Therefore, the government is learnt to be considering an increase in the limit.

Source:Economic Times
Filed Under:

Monday, February 22, 2010

CAT steps in to rescue AIIMS employees on pay scale

CAT steps in to rescue AIIMS employees on pay scale


The Central Administrative Tribunal has held that an employee ofan autonomous organisation like AIIMS is entitled to similar pay and allowances akin to Central government servants.

“Applicants cannot be discriminated against despite being in autonomous organisation, where the government rules and instructions and the decision in pay and allowances wouldmutatis mutandis (the necessary changes) extend to him,” the

Tribunal, comprising Members Ramesh C Panda and Shanker Raju, said.

The CAT passed the order on a plea of Sudesh Kumar and others, working as private secretaries and personal assistants in AIIMS, seeking parity in terms of pay scale with Central government employees.


Referring to its earlier order, the CAT said a discriminatory and contradictory stand is antithesis to the fairness in law and that the parity has always been maintained between the applicants and their counterparts in Central Secretariat Stenographers Service (CSSS), and the governing body of AIIMS has also approved the proposal.


Non-extension of the same, when all the functional requirements are identical, is violative of the principal of “equal pay for equal work”, which has assumed a fundamentalright, the Tribunal said.


Earlier, the Finance Committee recommended parity in grade pay scale between employees of CSSS and AIIMS but the finance ministry had conveyed to AIIMS that it was not possible.


Ministry of health and family welfare had also rejected the proposal of the Finance Committee following which the applicants approached the Tribunal.

PTI
Filed Under:

Saturday, February 20, 2010

Both husband and wife are Government servants

Both husband and wife are Government servants




LEAVE TRAVEL CONCESSION


Leave Travel Concession: when both husband and wife are Government servants and are residing together. reg.



According to the definition of family as given under rule 4, which is applicable, in travel inter alia, for the purpose of admissibility of LTC, the family of a Government servant includes wife or husband, as the case may be, residing with the Government servant and children residing with and wholly dependent upon the Govt. servant. In addition, it includes the parents, sisters and minor brothers, if residing with and wholly dependent upon the Government servant.



According to the existing position where both husband and wife are Govt. servants and are residing together, they constitute one family unit for the purpose of LTC and only one of them can claim this concession and the other spouse travels as a member of his/her family.



In such a case, the Govt. servants are required to make a joint declaration of a common hometown, which can be the hometown of either of the spouses or a third place. Therefore, the spouse who avails the LTC as member of family of the other could not claim the benefit separately for his/her own parents or dependent minor brothers and sisters even if they were residing with him/her.



On the other hand, where a couple, both being Govt. servants, are residing separately can claim the benefit of LTC individually for their dependent parents, minor brothers and sisters and also declare two separate places as their respective hometowns.



Therefore, the husband and wife when both are Govt. employees and are staying together suffer from certain disadvantages inasmuch as they have to declare common hometown and only one of them can claim the benefit of LTC.



The matter has been considered in consultation with Ministry of Finance (Department of Expenditure) and it has been decided that where husband and wife both are Govt. servants, they could, at their option, choose to declare separate hometown and both of them may claim the concession separately under the normal provisions of CCS (LTC) Rules in respect of the members of their respective families subject to the condition that if husband or wife avails the facility as a member of the family of the other, he or she will not be entitled for claiming the concession for self independently. Similarly, the children shall be eligible for the benefit in one particular block as members of the family of one of the parents only.



All other conditions for admissibility of the LTC shall continue to be applicable as per normal provisions of the scheme. The above decision will be applicable to the journeys performed for availing the LTC against the block years 1990-91 onwards. (DOPT OM No. 31011/8/89-Est.(A), dated 8.5.1990

SOURCE;CGSN
Filed Under:

Thursday, February 18, 2010

Result of written part of Tax Assistant (Central Excise & Income Tax) exam 2009 announced

Result of written part of Tax Assistant (Central Excise & Income Tax) exam 2009 announced
The Staff Selection Commission has announced result of the written part of the Tax Assistant (Income Tax & Central Excise), 2009 held in December 2009 on all India basis except Andhra Pradesh and one venue at Allahabad where the scheduled examination was held in February 2010. 2152 candidates have qualified in the written part of the said recruitment to the post of Tax Assistant (Income Tax & Central Excise).


The list of candidates qualifying for the skill test from Andhra Pradesh and one venue at Allahabad will be published on the Commission’s website in due course. Details are available on the website www.ssc.nic.in. Marks secured by the candidates who have not qualified for the skill test will be available on the website shortly.



source;pib
Filed Under:

Passport application and NOC form for government employees

Thursday, February 18, 2010


Passport application and NOC form for government employees



In order to apply for a passport a government servant has to get NOC (No Objection

Certificate ) from their department. This NOC is valid only for 6 months.



New passport means applying for a passport for the first time or applying for a passport if you have never held any passport earlier. In case an application was ever made at any Passport Office prior to the present application and whether the application was processed or closed, or even if passport was issued and not received by the applicant, details thereof should be given in the relevant column in the present application. Failure to disclose these details, if any, would invite applicable penalty.



Reissue means an application for another passport in lieu of an existing one which has either expired or is about to expire. An applicant may apply for a new passport in lieu of an expired/ about to expire passport upto 3 years after and 1 year before the expiry of the Passport. Re-issue of passport should not be mistaken for renewal of passport. Renewal of passport means that a passport which was originally issued for a short validity of one to five years - under certain emergency conditions on the part of the applicant - is now required to be extended to its full validity of ten years from the date of issue of the passport. Renewal is a zero fee service and the application should be made in Form No. 2).



A New passport is issued in lieu of a lost/damaged passport.


SOURCE;CGEN
Filed Under:

Applicability of minimum pay/stepping up of pay clarification reg

Applicability of minimum pay/stepping up of pay clarification reg.
Clarification on Senior – Junior Pay disparity – Claiming of Minimum Pay / Stepping up



GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)


S.No.PC-VI/188 RBE No.28/2010
No.PC-VI/2010/I/RSRP/1 New Delhi, dated 17.02.2010
The GMs/CAOs(R),
All Indian Railways & Production Units

(As per mailing list)



Subject: Applicability of minimum pay/stepping up of pay clarification reg.


A number of references have been received in this office regarding applicability, for departmental promotees, of minimum entry pay prescribed for direct recruits (appointed on or after 1.1.2006) in Section II of Part A of the First Schedule of RS(RP) Rules, 2008. References have also been received regarding stepping up of pay of senior promotees with references to such of their directly recruited juniors who are recruited on or after 1.1.2006 and whose basic pay is more than that of their seniors.


2. The matter has been examined in consultation with Ministry of Finance. In this connection it is clarified that the revised pay structure comprises grade pays and running pay bands and in the case of those Railway servants who were already in service before 1.1.2006. Sixth Pay Commission has not prescribed a minimum pay in the running pay band with reference to the minimum entry level pay prescribed for direct recruits appointed on or after 1.1.2006. Further, the Sixth CPC has not prescribed minimum pay in the pay band for the purpose of fixation of pay on promotion in the case of any grade and fixing of minimum pay in the pay band in the case of each grade pay for departmental promotees would defeat the very purpose of introduction of running pay bands.
As far as the matter relating to bringing the pay of existing Railway servants as on 1.1.2006 at par with the pay of direct recruits recruited on or after 1.1.2006 is concerned, it is clarified that the pay of those Railway servants who joined the Railway as direct recruits on or after 1.1.2006 is to be fixed as per Section II, Part ‘A’ of the First Schedule to the RS(RP) Rules, 2008 and the procedure of pay fixation is based on a specific recommendation of the Sixth Pay Commission, which has been accepted by the Government. As far as pay fixation in respect to those Railway servants who were already in service on 1.1.2006 is concerned, the same is to be done as per the provisions of Rule 7 of RS(RP) Rules, 2008 and in accordance with the fitment tables annexed with this Ministry’s letter No.PC-VI/2008/I/RSRP/1 dated 11.9.2008.

4. In the light of the foregoing, it is clarified that in terms of RS(RP) Rules,2008:-


(a) no minimum pay in the pay band can be prescribed in the case of promotion of Railway servants from one grade to another (except in the case of change in pay band); and


(b) pay of those Railway servants who were already in service on 1.1.2006 can not be fixed with reference to the minimum entry pay prescribed for those who joined the Railways as direct recruits on or after 1.1.2006 as per Section II, Part ‘A’ of the First Schedule to the RS(RP) Rules, 2008.


5. However, stepping up of pay of seniors can be permitted with reference to such of their directly recruited juniors borne on the same seniority list who are recruited on or after 1.1.2006 and whose basic pay is more than that of the seniors, subject to the following conditions:-


(a) Stepping up of the basic pay of seniors can be claimed only in the case of those cadres which have an element of direct recruitment and in cases where a directly recruited junior is actually drawing more basic pay than the seniors. In such cases, the basic pay of the seniors will be stepped up with reference to the basic pay of the juniors. Stepping up will be applicable from the date junior direct recruit is actually drawing higher basic pay than the senior.


(b) Further, Railway servants cannot claim stepping up of their revised basic pay with reference to entry pay in the revised pay structure for direct recruits appointed on or after 1.1.2006 as laid down in Section II of Part A or First Schedule to the RS(RP) Rules, 2008, if their cadre does not have an element of direct recruitment, or in cases where no junior is drawing basic pay higher than them.


(c) Stepping up of pay of the seniors shall not be applicable in cases where pay of direct recruits has been fixed at a higher stage on account of grant of advance increments etc. at the time of recruitment.
6. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.


(Hari Krishan)


Director, Pay Commission –II


Railway Board

SOURCE;CGSN
Filed Under:

Wednesday, February 17, 2010

Applicability of minimum pay/stepping up of pay clarification reg

Applicability of minimum pay/stepping up of pay clarification reg.



GOVERNMENT OF INDIA


MINISTRY OF RAILWAYS

(RAILWAY BOARD)
S.No.PC-VI/188 RBE No.28/2010


No.PC-VI/2010/I/RSRP/1 New Delhi, dated 17.02.2010


The GMs/CAOs(R),


All Indian Railways & Production Units


(As per mailing list)


Subject: Applicability of minimum pay/stepping up of pay clarification reg.


A number of references have been received in this office regarding applicability, for departmental promotees, of minimum entry pay prescribed for direct recruits (appointed on or after 1.1.2006) in Section II of Part A of the First Schedule of RS(RP) Rules, 2008. References have also been received regarding stepping up of pay of senior promotees with references to such of their directly recruited juniors who are recruited on or after 1.1.2006 and whose basic pay is more than that of their seniors.


2. The matter has been examined in consultation with Ministry of Finance. In this connection it is clarified that the revised pay structure comprises grade pays and running pay bands and in the case of those Railway servants who were already in service before 1.1.2006. Sixth Pay Commission has not prescribed a minimum pay in the running pay band with reference to the minimum entry level pay prescribed for direct recruits appointed on or after 1.1.2006. Further, the Sixth CPC has not prescribed minimum pay in the pay band for the purpose of fixation of pay on promotion in the case of any grade and fixing of minimum pay in the pay band in the case of each grade pay for departmental promotees would defeat the very purpose of introduction of running pay bands.


As far as the matter relating to bringing the pay of existing Railway servants as on 1.1.2006 at par with the pay of direct recruits recruited on or after 1.1.2006 is concerned, it is clarified that the pay of those Railway servants who joined the Railway as direct recruits on or after 1.1.2006 is to be fixed as per Section II, Part ‘A’ of the First Schedule to the RS(RP) Rules, 2008 and the procedure of pay fixation is based on a specific recommendation of the Sixth Pay Commission, which has been accepted by the Government. As far as pay fixation in respect to those Railway servants who were already in service on 1.1.2006 is concerned, the same is to be done as per the provisions of Rule 7 of RS(RP) Rules, 2008 and in accordance with the fitment tables annexed with this Ministry’s letter No.PC-VI/2008/I/RSRP/1 dated 11.9.2008.



4. In the light of the foregoing, it is clarified that in terms of RS(RP) Rules,2008:-


(a) no minimum pay in the pay band can be prescribed in the case of promotion of Railway servants from one grade to another (except in the case of change in pay band); and


(b) pay of those Railway servants who were already in service on 1.1.2006 can not be fixed with reference to the minimum entry pay prescribed for those who joined the Railways as direct recruits on or after 1.1.2006 as per Section II, Part ‘A’ of the First Schedule to the RS(RP) Rules, 2008.


5. However, stepping up of pay of seniors can be permitted with reference to such of their directly recruited juniors borne on the same seniority list who are recruited on or after 1.1.2006 and whose basic pay is more than that of the seniors, subject to the following conditions:-


(a) Stepping up of the basic pay of seniors can be claimed only in the case of those cadres which have an element of direct recruitment and in cases where a directly recruited junior is actually drawing more basic pay than the seniors. In such cases, the basic pay of the seniors will be stepped up with reference to the basic pay of the juniors. Stepping up will be applicable from the date junior direct recruit is actually drawing higher basic pay than the senior.


(b) Further, Railway servants cannot claim stepping up of their revised basic pay with reference to entry pay in the revised pay structure for direct recruits appointed on or after 1.1.2006 as laid down in Section II of Part A or First Schedule to the RS(RP) Rules, 2008, if their cadre does not have an element of direct recruitment, or in cases where no junior is drawing basic pay higher than them.


(c) Stepping up of pay of the seniors shall not be applicable in cases where pay of direct recruits has been fixed at a higher stage on account of grant of advance increments etc. at the time of recruitment.


6. This issues with the concurrence of the Finance Directorate of the Ministry of Railways.



(Hari Krishan)


Director, Pay Commission –II


Railway Board

SOURCE;CGSN
Filed Under:

Tuesday, February 16, 2010

CVC disposed of 468 cases in December 2009

CVC disposed of 468 cases in December 2009




MAJOR PENALTY PROCEEDINGS RECOMMENED AGAINST 70 OFFICERS

--------------------------------------------------------------------------------


The Central Vigilance Commission disposed of 468 cases during December 2009 referred to it for advice. The Commission advised initiations of major penalty proceedings against 70 officers. Of these, 20 were from public sector banks, 17 from M/o Railways, 11 from Northern Coalfields Ltd., 4 from Western Coalfields Ltd., 3 from MCD, 2 each from Ministry of Home Affairs and Central Board of Excise and Customs. The remaining 9 cases pertained to different departments of the Government of India and PSUs.



The Commission also advised imposition of major penalty against 66 officers including 13 from MCD, 11 from Public Sector Banks, 9 from M/o Railways, 6 from Central Board of Excise and Customs, 4 each from M/o Commerce and Central Coalfields Ltd., 3 each from Central Warehousing Corp. Ltd. and Hindustan Paper Corpn., 2 each from D/o Telecommunication, Eastern Coalfields Ltd., Khadi & Village Industries Commission and M/o of Textiles. Remaining 3 cases pertained to different departments of the Government of India and PSUs.



The Commission disposed 1122 complaints during the month. Of these, 1021complaints were sent for necessary action/ATR whereas 101 complaints were sent for investigation and report.



On the Commission’s recommendations, the competent authorities issued sanctions for prosecution against 12 officers including 5 from M/o P,PG & Pensions, 2 from Punjab National Bank and 1 each from CBDT, M/o External Affairs, CBEC, M/o of Small Scale Industry and M/o of Commerce.



Recoveries to the tune of Rs. 68.63 crore were affected after Commission conducted technical examination of some departments.


SOURCE;PIB
Filed Under:

SECLECTION OF CANDIDATES ON DIRECT RECRUITMENT BASIS – REGARDING

SECLECTION OF CANDIDATES ON DIRECT RECRUITMENT BASIS – REGARDING



SECLECTION OF CANDIDATES ON DIRECT RECRUITMENT BASIS – REGARDING



No. 220 1l/3/2008-Estt D



Government of India



Ministry of Personnel, Public Grievances and Pensions



(Department of Personnel and Training)



New Delhi, the 20th



August, 2008



OFFICE MEMORANDUM



Subject: – Selection of candidates on direct recruitment basis – Consideration of CRs for selection of candidates – instructions regarding.



The undersigned is directed to invite attention to Department of Personnel and Training o.M. No. 22011/l4/86-Estt (D) dated 17th June, 1988 providing that whenever officers already working in the Government apply for appointment by direct recruitment against vacancies advertised by the Union Public Service Commission, Confidential Reports (CR Dossiers) of such short listed candidates should be made available by the requisitioning Department to the Commission before the date of Interview. The above instructions were reiterated in the DoPT O.M. No.22011/2/97-Estt. (D) dated January 5, 1998 and No. 22011/4/2005-Estt(D) dated 19.9.2005 respectively. It was, however, clarified in the circulars that it would not be necessary to hold up the interview till all the CRs became available. The Commission should consider the CR Dossiers to the extent they were available for making final recommendations.



2. This issue has been re-examined in this Department in consultation with the UPSc. No separate marks or weightage is assigned by the Commission in the selection process to the service records of the candidates who are Government servants. Giving consideration to the CRs of only those who are already in Government service and rejecting their candidature on the grounds that some adverse remarks therein would seem discriminatory since the Commission are unable to get similar assessment in respect of candidates who are not in Government service. In actual practice, Interview Board forms its own independent opinion about the suitability of a candidate having regard to his performance during the interview and the CRs do not influence the Interview Boards’ assessment. However, as per DoPT’s OM No. AB 14017/101/91·-Estt (RR) dated 14.7.1993, in case of Direct Recruitment by selection, i.e. ‘Selection by Interview’, it is the responsibility of the requisitioning Department / Ministry to bring to the notice of the Commission any point regarding unsuitability of any candidate (Govt. servant) from the vigilance angle and the appropriate time for doing so would be the consultation at the time of preliminary scrutiny when the case is referred by the Commission to the Ministry/ Department for comments on the provisional selection of candidates for interview by the Commission.



3. In view of above facts, it has been decided, in consultation with the UPSC, that the requirement of providing CRs of short listed candidates (Government servants) who apply for appointment by direct recruitment against vacancy advertised by the UPSC should be discontinued forthwith.



4. Hindi version will follow.



(Smita Kumar)



Director(Estt

SOURCE;CGSN
Filed Under:

Departmental Promotions Committee

Departmental Promotions Committee

General Instructions and Guidelines:-

(1) Promotion is earned by dint of hard work, good conduct and result-oriented performance as reflected in CRs. Only performance above average entitles an officer to recognition and suitable reward by way of promotion. While ‘Average’ is not an adverse remark, it cannot be regarded as complimentary.



(2) The DPC should assess the suitability of the employees for promotion on the basis of their Service Records and Annual Confidential Reports for five preceding years only.



(3) Seniority list for Promotion: When an up to date seniority list of person in the relevant grade is prepared, a copy thereof should be circulated to the persons concerned.



(4) No interview will be held by the Committee unless provided for in Recruitment Rules for the post.



(5) Proceedings of DPC are valid only if all the members are duly invited for the meeting and a majority of them including the Chairman are present.



(6) The DPC proceedings which are conducted in accordance with Government instruction and rules will not come under judicial review.



(7) List of eligible persons: List of eligible persons to be considered for promotion with full details of the number of vacancies, number of posts reserved for SCs/STs or any other reservations, etc.



(8) Seniors who have completed probation period but not the required service may also be considered for promotion when their juniors who have completed the requisite service are being considered.



Size and Composition – As mentioned in the Recruitment Rules, unless otherwise decided by the Ministry / Department / Office. For Groups ‘A’ and ‘B’ promotion, members will be at least from one level above. For Group ‘A’ promotion by selection, Chairman/Members of the UPSC will preside over the meeting. In respect of Groups ‘C’ and ‘D’ Chairman of the Committee will be an officer of a sufficiently high level. One of the membersappropriate status compatible with other members and the post to which promotion is made. For technical posts, the officer nominated from other department should have the requisite technical competence.



No. 22011/3/2007-Estt(D)



Government of India



Ministry of Personnel, Public Grievances and Pensions.



(Department of Personnel and Training)



North Block, New Delhi



Dated 18th February 2008



Subject:- DPC Guidelines – Benchmark prescription for promotion at the level for JS and above – Revised Guidelines.



The undersigned is directed to invite reference to Department of Personnel and Training (DoPT) Officer Memorandum No.35034/7/97 dated February 8.2.2002 which contains instructions on ‘Benchmark’ for assessment of performance and the manner in which select panel has to be arranged on the basis of inter-se seniority, subject to achievement of benchmark, for promotion to various levels of post/grade. Attention is also invited to the DOPT OM No./22011/5/86-Estt (D) dated April 10, 1989 [as amended by OM No. 22011/5/91-Estt (D) dated March 27, 1997], which contains instructions on Departmental Promotion Committees (DPCs) and related matter.



2. While considering a proposal of the Department of Revenue, the ACC has observed that the benchmark of ‘Very Good’, in terms of instructions issued by the Department of Personnel and Training, is applicable to all promotions at the level of Deputy Secretary and above. A natural corollary is that the benchmark prescription is adhered to rigorously as one goes up higher the ladder. Therefore, at the joint Secretary and Additional Secretary level, the requirement should be of meeting the ‘Very Good’ benchmark without fail.



3. The observations of the ACC have been examined in consultation with the UPSC. In order to ensure greater selectivity at higher level of administration, the DPC may ensure that for the promotion to the scale of Rs.18,400 – 22,400 and above, the prescribed benchmark of ‘Very Good’ is invariably met in all ACRs of five years under consideration. The DPC, in terms of guidelines of this Department, is required to make its own assessment on the basis of entries in the CRs and not be guided merely by the overall grading. In cases where the assessment by DPCs are apparently not in line with the grades in the ACRs, the DPC should appropriately substantiate its assessment by giving reasons , so that the appointing authority could factor these while taking a view on the suitability of officer for promotion



4. The instructions contained in this Office Memorandum shall come into force from the panel year 2008-09. Ministries / Departments are requested to give wide circulation to these revised instructions for general guidance in the matter.



(Smita Kumar)



Director (Establishment

SOURCE;CGSN
Filed Under:

Monday, February 15, 2010

MACPS for the Railways Employees – Clarification regarding

MACPS for the Railways Employees – Clarification regarding.


GOVERNMENT OF INDIA


MINISTRY OF RAILWAYS

(RAILWAY BOARD)

S.No. PC-VI/187 RBE No. 25 / 2010


No.PC-V/2009/ACP/2 New Delhi,dated: 03.02.2010


The Generals Managers


All Indian Railways/Production Units,


(As per mailing list).


Subject : Modified Assured Career Progression Scheme (MACPS) for the Railways Employees – Clarification regarding.

References have been received from some of the Railways seeking clarification as to whether while implementing MACPS in terms of Board’s letter dated 10.06.2009, the benchmark prescribed in Para-17 of the Annexure has to be taken for the last three years or otherwise. The matter has been examined in consultation with DoP&T and it is clarified that ACR’s for the same period as required for DPC purposes are to be considered while granting the benefits under MACP Scheme. Further, the practice of averaging ACRs ratings as followed in case of normal DPC be adopted with reference to the respective benchmark for MACP pruposes.



2.This issue with the concurrence of the Finance Directorate of the Ministry of Railways.



3. Hindi version will follow.



(N.P.Singh)

Deputy Director, Pay Commission – V

Railway Board
Filed Under:

Office Memorandum form Min.of Health & Family Welfare reg. CHEHIS

Office Memorandum form Min.of Health & Family Welfare reg. CHEHIS


No.11011/6/2009/CGHS-P(Pt.)

Government of India

Ministry of Personnel, Public Grievances & Pensions

(Department of Personnel and Training)



Nirman Bhavan, New Delhi,

Dated the 2nd February, 2010.



OFFICE MEMORANDUM



Subject:-Health Insurance Scheme for Central Government Employees and Pensioners (CHEHIS).



Goverment of India is contemplating introduction of a Health Insurance Scheme for Central Government Employees and Pensioners and their family members all over India. Ministry of Health & Family Welfare which has been assigned the job intends to assess the demand for the above scheme from the prospective beneficiaries who may avail the benefits of this proposed scheme.



2. In the above context the undersigned has been directed to circulate a Demand Survey Notice to each Wellness Centre of CGHS in all the cities covered under CGHS and placed on the Notice Board of the Wellness Centre for wide publicity of the proposed Scheme and also to assess the demand for the same. The Notice was also published in the Newspapers all over the country on 28.1.2010.



3. Serving Central Government employees and Central Government pensioners, if interested in becoming a member of the proposed insurance scheme have been requested to send their details as per the prescribed format. CMO – In – Charge of Wellness Centres may be directed to collect the same from the CGHS beneficiaries and send to their Additional / Joint Director, CGHS of the concerned location, who in turn will compile the date and forward the same to the Section Officers CGHS (P) of this Ministry..



4. A copy of the Demand Survey is enclosed for wide circulation among the Central Government Employees and Pensioners.



(Jai Prakash)

Under Secretary to the Government of India

SOURCE;CGSN
Filed Under:

Government introduce a new Medical Scheme for Central Government Employees and Pensioners

Government introduce a new Medical Scheme for Central Government Employees and Pensioners


Government introduce a new Medical Scheme for Central Government Employees and Pensioners as in the name of Central Government Employees and Pensioners Health Insurance Scheme (CGEPHIS). In all over India, pensioners are getting meager amount of Rs.100 as Medical Allowance (except CGHS beneficiaries). It is estimated that approximately 17 lakh serving employees and 7 lakh pensioners shall be offered this Scheme and Government plan to enroll all serving employees and pensioners on compulsory / optional basis.

Some key points regarding the scheme:-

CENTRAL GOVERNMENT EMPLOYEES AND PENSIONERS HEALTH INSURANCE SCHEME (CGEPHIS)

BENEFICIARIES:

CGEPHIS shall be compulsory to new Central Government Employees who would be joining service after the introduction of the Health Insurance Scheme.

CGEPHIS shall be compulsory to new Central Government retirees who would be retiring from the service after the introduction of the Insurance Scheme.

CGEPHIS would be available on voluntary basis for the following:

Existing Central Government Employees and Pensioners who are already CGHS beneficiaries. In this case they have to opt out of CGHS scheme. They will also have the option of choosing both CGHS and Insurance policy. In such case the total insurance premium has to be borne by the member.


Existing Central Government Employees and Pensioners who are not CGHS beneficiaries but are covered under CS (MA)

INSURANCE COVERAGE:

In-patient benefits – The Insurance Scheme shall pay all expenses incurred in course of medical treatment availed of by the beneficiaries in an Empanelled Hospitals/ Nursing Homes (24 hours admission clause) within the country, arising out of either illness/disease/injury and or sickness.

NOTE: In case of organ transplant, the expenses incurred for the Donor are also payable under the scheme.


Pre & Post hospitalization benefit: Benefit up to 30 days Pre Hospitalization & up to 60 days Post Hospitalization respectively which would cover all expenses related to treatment of the sickness for which hospitalization was done.


FAMILY SIZE:


Serving/Retired Employees: Self, Spouse, Two dependent children and up to Two Dependent Parents. New born shall be considered insured from day one till the expiry of the current policy irrespective of the number of members covered subject to eligibility under maternity benefit.

Any additional dependent member in addition to above [Sr. No. 5 (1)] can be covered under the Scheme by paying the fixed amount of premium. This additional full premium shall be borne by the beneficiary.

IDENTIFICATION OF FAMILY:

Beneficiaries shall be identified by a “Photo Smart Card” issued by the insurer to all beneficiaries which would have all personal details, medical history, policy limits etc. of the CGEPHIS members. This card would be used across the country to access Health Insurance Benefits. The photograph embedded in the chip of the Smart Card will be taken as the proof for determining the eligibility of the beneficiaries.


SUM INSURED AND BUFFER / CORPORATE SUM INSURED

SUM INSURED:

The Scheme shall provide coverage for meeting all expenses relating to hospitalization of beneficiary members up to Rs. 5, 00,000/- per family per year in any of the Empanelled Hospital/Nursing Home/Day Care Unit subject to stated limits on cashless basis through smart cards. The benefit shall be available to each and every member of the family on floater basis i.e. the total reimbursement of Rs. 5.00 lakh can be availed by one individual or collectively by all members of the family.

Entitlements for various types of wards: CGHS beneficiaries are entitled to facilities of private, semi-private or general ward depending on their pay drawn in pay band / pension. These entitlements are amended from time to time and the latest order in this regards needs to be followed. The entitlement is as follows:-

Pay drawn in pay band/Basic Pension – Entitlement

Rs. 13,950/-(up to)……………………………… General Ward

Rs. 13,960/- to 19,530/- …………………… Semi-Private Ward

Rs. 19,540/- and above ……………………… Private Ward

CASHLESS ACCESS SERVICE:

The Insurer has to ensure that all CGEPHIS members are provided with adequate facilities so that they do not have to pay any deposits at the commencement of the treatment or at the end of treatment to the extent as the Services are covered under the Scheme. The service provided by the Insurer along with subject to responsibilities of the Insurer as detailed in this clause is collectively referred to as the “Cashless Access Service.”

The services have to be provided by the Empanelled Hospitals/Nursing Homes/Day Care Clinics to the beneficiary based on Photo Smart Card authentication only without any delay. The beneficiaries shall be provided treatment free of cost for all such ailments covered under the Scheme within the limits/sub-limits of defined package rates and sum insured, i.e., not specifically excluded under the scheme.

ENROLMENT PROCESS

The process of enrolment shall be as under:

Serving Employees:

1. Departments and offices will call for options from employees to join voluntary CGEPHIS with or without existing CGHS/CS (MA) benefits.

2. Head of Department of the Administrative Ministry/Department would be the contact point for the Insurance Companies.

3. Enrolment forms giving details about self and family and authorization to the department for recovery of premium on a monthly basis would be consolidated by the Administrative Ministry / Department. The data of the beneficiary and dependent members to be covered along with 2 recent passport size photo and copy of enrolment form will be forwarded to Insurance Company on monthly basis.
4. Insurance Company will issue Smart Cards on the basis of information received of the beneficiaries for enrolment.

5. Such Smart Cards along with the enrollment kit shall be sent by the insurers directly to the insured persons at their respective mailing addresses at insurer’s cost within 7 days.
Insurance Premium:-

The beneficiary will have to pay an annual premium which will be determined after the formal introduction of the Scheme. It will vary according to the grade pay of the officer. The estimated annual premium for a standard family size will be in the range of Rs.8000 to Rs.12000 p.a. It is however proposed to be subsidized by the Government to a considerable extent

SOURCE;CGSN
Filed Under:

Wednesday, February 10, 2010

REVISION OF 1/3rd commuted portion of pension in respect of Govt. servants who had drawn lumpsum payment – regarding

Revision of   1/3rd commuted portion of pension in respect of Govt. servants who had drawn lumpsum payment – regarding

PC – VI – 184

RBE No. 21 / 2010



GOVERNMENT OF INDIA


MINISTRY OF RAILWAYS


(RAILWAY BOARD)


No.F(E)III/2005/PN1/23 New Delhi,dated:27.01.2010



The GMs/FA&CAOs,

All Indian Railways/Production Units,

(As per mailing list).



Subject:Revision of 1/3rd commuted portion of pension in respect of Govt. servants who had drawn lumpsum payment on absorption in Public Sector Undertaking/Autonomous Bodies-Implementation of Government’s decision on the recommendations of the 6th Central Pay Commission – regarding.



*****


A copy of Department of Pension and Pensioner’s Welfare (DOP & PW) ’s O.M. No.4/38/2008-P&PW(D) dated 19th January, 2010 on the above subject is enclosed for information and compliance. These instructions will apply mutatis mutandis on the Railways also.



2. A concordance of DOP&PW’s instructions referred to in the enclosed O.M. and Railway Board’s corresponding instructions is given below.


S.No. DOP&PW’s instructions Railway Board’s corresponding instructions.

1. O.M. No. 34/2/86 – P&PW dated 5.3.1987 Letter No. F(E)III / 87/ PN1 / 17 dated 26.3.1987

2. O.M. No. 4/59/97 – P&PW(D) dated 14.7.1998 Letter No. F(E)III / 96 / PN1 / 9 dated 18.8.1998

3. O.M. No. 4/79/2006 – P&PW(D) dated 06.9.2007 Letter of even number dated 20.9.2007

4. O.M. No. 4/7/2006 – P&PW(D) dated 13.5.2007 Letter of even number dated 30.5.2008

5. O.M. No. 38/37/08 – P&PW(A) dated 1.09.2008 Letter No. F(E)III / 2008 / PN1 / 12 dated 08.09.2008

6. O.M. No. 4/38/2008 – P&PW(D) dated 15.09.2008 Letter of even number dated 22.09.2008

7. O.M. No. 4/38/2008 – P&PW(D) dated 27.05.2009 Letter of even number dated 01.06.2009


3. It is reiterated that the circulars on pension policy issued by Finance Directorate are also being uploaded on Railway’s website Indianrailways.gov.in at the following location for information and necessary action of all concerned:


Railway Board Directorates – Finance – F(E)III CIRCULARS


4. Please acknowledge receipt.



(SUNIL BHARDWAJ)

Deputy Director Finance (Estt.)III,

Railway Board
SOURCE;CGSN
Filed Under:

Clarification regarding deduction in respect of contribution to pension scheme

Clarification regarding deduction in respect of contribution to pension schem                                          F.No. 275/192/2009-IT (B)
New Delhi Dated the 9th February, 2010.


Sub: Clarification regarding deduction in respect of contribution to pension

scheme under Section 80 CCD – matter reg.


A number of representations have been received regarding deduction under Section 80 CCD for contribution made under pension scheme in the light of Circular No-1 /2010 dated 11th Jan’2010 issued on the subject of Deduction of Tax at Source etc. It is clarified that in accordance with the provisions of Section 80 CCD, deduction in respect of contribution made by an individual in the previous year to his account under a pension scheme notified, is allowed in computation of his total income –


(a) in the case of an employee, ten per cent of his salary in the previous

year; and
(b) in any other case, ten per cent of his gross total income in the

previous year.


2. It is further clarified that where the Central Government or any other employer makes any contribution to the account of employee for the pension scheme, the assessee shall also be allowed a deduction in the computation of his total income of the whole of the amount contributed by the Central Govt. or any other employer as does not exceed 10% of his salary in the previous year.


3. Salary for the purpose of above section (80 CCD) includes dearness allowance if the terms of employment so provide, but excludes all other allowances and perquisites.


4. It is further clarified that aggregate limit of deduction under this section (80 CCD) along with Sections 80 C, 80 CCC shall not in any case exceed Rs. one lakh.


Yours faithfully,


(Ansuman Pattnaik)

Director (Budget)
SOURCE;CGSN
Filed Under:

Tuesday, February 09, 2010

Compilation of information about appointments made on the basis of fake / false caste certificates

Compilation of information about appointments made on the basis of fake / false caste certificates

No.36017/2/2009-Estt.(Res.)

Government of India

Ministry of Personnel, Public Grievances and Pensions

Department of Personnel and Training

North Block

New Delhi-I 10001

Dated the 28′h January, 2010.

OFFICE MEMORANDUM


Subject:- Compilation of information about appointments made on the basis of fake / false caste certificates- Recommendation of the Parliamentary Committee on the Welfare of SC /ST.


The undersigned is directed to say that the Parliamentary Committee on the Welfare of Scheduled Castes and Scheduled Tribes in its Twenty-ninth Report (14th Lok Sabha) have recommended that the Department of Personnel and Training should collect information regularly from all Ministries / Departments / PSUs / Banks / Autonomous Bodies / States / UTs in regard to cases of false caste certificates. The recommendation is reproduced below:


” ………… DOP&T should interalia obtain information from all Ministries / Departments, PSUs, banks, autonomous bodies and States / UTs in regard to cases of false caste certificates regularly with a view to monitoring their progress and disposal, so that necessary plan of action could be taken to tackle the problem for good.”

2. This Department’s O.M. No.1 1012/1/91-Estt. (A) dated 19.5.1993 provides that if it is found that a Government servant had furnished false information or produced a false certificate in order to secure appointment, he should not be retained in service. Thus when an appointing authority comes to know that an employee had submitted a false1 fake caste certificate, it has to initiate action to remove or dismiss such an employee from service. All the Ministries / Departments are requested to collect information from all Organisations under their administrative control about the cases where the candidates got/ alleged to have got appointment against

vacancies reserved for SCs, STs and OBCs on the the basis of false / fake caste certificate and send a consolidated report in this regard in the enclosed proforma to this Department latest by 31.03.2010.



(K.G. Verma)

Director

SOURCE;CGEN
Filed Under:

Sunday, February 07, 2010

INCOME TAX – FREQUENTLY ASKED QUESTIONS

INCOME TAX – QUESTIONS AND ANSWERS :-

What is an Assessment Year?


It is the twelve-month period 1st April to 31st March immediately following the previous year [refer answer-4]. In the Assessment year a person files his return for the income earned in the previous year. For example for FY:2006-07 the AY is 2007-08.


What does the Income Tax Department consider as income?
The word Income has a very broad and inclusive meaning. In case of a salaried person, all that is received from an employer in cash, kind or as a facility is considered as income. For a businessman, his net profits will constitute income. Income may also flow from investments in the form of Interest, Dividend, and Commission etc. Infect the Income Tax Act does not differentiate between legal and illegal income for purpose of taxation. Under the Act, all incomes earned by persons are classified into 5 different heads, such as:
Income from Salary

Income from House property

Income from Business or Profession

Income from capital gains

Income from other sources
My children living abroad send me Rs.20000/- per month for my maintenance. Would this be considered as my income?
No.
What is a return of income?
It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income is communicated to the Income tax department after the end of the Financial year. Different forms are prescribed for filing of returns for different Status and Nature of income.
From where can I get a return form?
The Public Relation Officer [PRO] can be contacted for this purpose. The form can also be downloaded from the site http://www.incometaxindia.gov.in/.
How can I know which form is applicable for my income?
You should choose a return form according to your status and nature of income from the following:
ITR1 – For Individuals having Income from Salary/ Pension/ family pension & Interest
ITR2 – For Individuals and HUFs not having Income from Business or Profession
ITR3 – For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR4 – For individuals & HUFs having income from a proprietary business or profession
ITR5 – For firms, AOPs and BOIs
ITR6 – For Companies other than companies claiming exemption under section 11


ITR7 – For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)
ITR8 – Return for Fringe Benefits
ITRV – Where the data of the Return of Income/Fringe Benefits in Form ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-8 transmitted electronically without digital signature
If I fail to furnish my return within the due date of filing, will I be fined or penalized?
Yes. This may take the form of interest if the return is not filed before the end of the assessment year. If the return is not filed even after the end of the assessment year, penalty may also be levied.
If I have paid excess tax how and when will it be refunded?
The excess tax can be claimed as refund by filing your income tax return. It will be refunded by issue of cheque or by crediting to your bank account. The department has been making efforts to settle refund claims within four months from the month of filing return.

There are various deductions that have not been reflected in the Form 16 issued by my employer. Can I claim them in my return

Yes.

What is considered as Salary income?

Whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as Salary.

What are allowances? Are all allowances taxable?

Allowances are fixed amounts, apart from salary, which are paid by an employer for the purpose of meeting some particular requirements of the employee. There are generally three types of allowances for the purpose of income tax- taxable, fully exempted and partially exempted.

My employer reimburses all my expenses on grocery and children’s education. Would this be considered as income?

Yes. These are in the nature of perquisite.

Even if no taxes have been deducted from salary, is there any need for my employer to issue Form-16 to me?

Form-16 is a certificate of TDS and in your case it will not apply. However your employer must issue a salary statement.

If I am receiving my pension through a bank who will issue Form-16 or pension statement to me- the bank or my former employer?

The bank.

Are retirement benefits such as PF and Gratuity taxable?

No. They are exempt subject to conditions and limits laid down in the Income Tax Act.

Can my employer consider relief u/s 89(1) for the purposes of calculating my tax liability?

Yes.

Is leave encashment taxable as salary?

It is taxable if received while in service. Received as retirement benefit, however it is exempt subject to certain conditions.

What is TDS?

TDS means Tax Deducted at Source. It is the amount withheld from payments of various kinds such as salary, contract payment, commission etc. This withheld amount can be adjusted against your tax due.

Some demand has been raised by my Assessing officer after assessment. Can I pay this demand in installments or seek time till my appeal is settled?

Yes. You may approach your Assessing officer within 30 days of receipt of demand notice for installments or stay or seek time for payment. However you are liable to pay interest for delay in payment of demanded tax.


Source: Income Tax Department Website
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Have a disabled dependent? Save income tax using section 80DD

Have a disabled dependent? Save income tax using section 80DD


Have a disabled dependent?

Save income tax using section 80DD


Having a disabled dependent can be a very big responsibility. Apart from being fully responsible for the person, you can also incur a lot of expenditure for them.


The Income Tax Act comes to your rescue in this situation. Section 80DD of the IT act provides you a facility of claiming a deduction if you have a handicapped dependent.


How much income tax can you save?


The deduction allowed is Rs. 50,000 / Rs. 75,000 depending on the extent of the disability of your dependent.
A deduction of Rs. 50,000 is allowed if you have a disabled dependent.

Whereas a deduction of Rs. 75,000 is allowed if your dependent has severe disability.


Remember: this is a lump-sum deduction, and doesn’t depend on the amount that you spend on the disabled dependent.


The income tax that you can save would depend on the tax bracket that you fall into – it can range from Rs. 5,000 to Rs. 15,000 (for Rs. 50,000 deduction) or from Rs. 7,500 to Rs. 22,500 (for Rs. 75,000 deduction).
How do you qualify for this deduction?
You can claim deduction u/s 80DD if:
1. You spent on the medical treatment, training and rehabilitation of a disabled dependent (Amount spent for nursing is considered as expenditure on medical treatment)
Or,
2. You paid an amount for a scheme (offered by Unit Trust of India (UTI), Life Insurance Corporation (LIC) or any other insurer) meant to take care of the maintenance of your disabled dependent in case of your untimely death.
Some considerations for the insurance premium


Not all schemes qualify – there are specific schemes meant for this purpose. Life Insurance Corporation (LIC) has a policy specifically for this purpose – it is called Jeevan Aadhar Plan.


The policy has to insure your life. That is, it should be in your name.


The policy has to pay an annuity (a fixed amount every year) or a lump sum amount for the benefit of the disabled dependent


As the nominee for the policy, you need to name either (a) your disabled dependent, or (b) any other person or trust that would receive the money for the benefit of your disabled dependent


In case your disabled dependent predeceases you (that is, dies before you), the amount in the policy is returned to you. This would be treated as your income for the year in which you receive it, and would be fully taxable in your hands.


What is considered as disability?


Disability would be as defined by the “Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995”.


It includes the following:


Blindness

Low vision

Leprosy-cured

Hearing impairment

Locomotor disability

Mental retardation

Mental illness


A person with disability means a person suffering from not less than 40% of any of the above disabilities.

Severe disability means 80% or more of one or more of the above disabilities.
Who is qualified to claim this deduction?


Any individual or a Hindu Undivided Family (HUF) can claim this deduction.

Please note that the individual or HUF has to be a resident of India – a non-resident Indian (NRI) can not claim deduction u/s 80DD.

Definition of relative: Who can be your disabled dependent?


For individuals, your spouse, son / daughter (any child), parents and brother / sister (siblings) can be your handicapped dependents.
For HUFs, any member of the HUF can be a disabled dependent.


The disabled person should be wholly or mainly dependent on you for his / her support and maintenance, and should not have claimed deduction under section 80U.
What are the requirements?

You need to have a proof of disability for your dependent to claim deduction under section 80DD. You need to get a certificate of disability from relevant medical authorities.
For people having Autism, Cerebral Palsy or multiple disabilities, form number 10-IA needs to be filled up. There are two other formats for mental illnesses and all other disabilities.
The relevant authorities who can sign these forms are:
- A Neurologist having a degree of Doctor of Medicine (MD) in Neurology (or, in case of children, a Pediatric Neurologist having an equivalent degree)
or
- A Civil Surgeon or Chief Medical Officer (CMO) of a government hospital
Source: Raagvamdatt.com
Filed Under:

Saturday, February 06, 2010

ICAI employees go on strike, accuse mgmt of funds misuse

ICAI employees go on strike, accuse mgmt of funds misuse



Employees of accounting regulator the Institute of Chartered Accountants of India (ICAI) have gone on indefinite strike since yesterday to protest non-payment of salary for January and accused the management of misappropriating funds.


Nearly 800 employees started the strike on February 3 alleging gross mismanagement of funds by the top management and demanded a thorough audit of ICAI by Comptroller and Auditor General (CAG).


"We were promised that the revised pay (as per the Sixth Pay Commission) would be given to us in January's salary, but we have got neither. They (the management) tell us that there is financial crisis. But there is actually misuse of funds and we have demanded a CAG audit of the institute," ICAI Employees' Association Secretary Deepak Kishore said.
Employees of ICAI, which comes under the administrative control of the Corporate Affairs Ministry, are paid according to the Central government pay structure.


Kishore said even though the Sixth Pay Commission was implemented in August, 2008, employees have not yet been given the revised salaries.


Earlier last month, he added, ICAI President Uttam Prakash Agarwal had promised that the revised salaries would be given in January's pay.


About 8 lakh students train under the ICAI that comprises at least 1.5 lakh members.

Source: Business Standard
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Railways to open healthcare facilities in Rail land

Railways to open healthcare facilities in Rail land

The health ministry and railways on Friday signed an agreement to jointly set up around 500 healthcare facilities - hospitals, diagnostic centres and super-specialty hospitals - on vacant railway land.


Sources said land for opening 361 diagnostic centres, 88 second-level medical units with over 100-bed hospitals and 41 multi-specialty medical facilities around railway tracks had already being identified.

To begin with, health ministry will start working on the diagnostic centres at major railway stations and junctions across the country.


"The initiative will benefit passengers, employees and common people living around railway stations," railway minister Mamata Banerjee said after signing the MoU.

Health minister Ghulam Nabi Azad termed the decision a "historic" one. A health ministry official said Rs 1 crore would be needed initially to set up diagnostic centres.

To speed up the implementation process, both the ministries have agreed to set up high-power working group to work out a time-bound framework for early identification of specific projects which could be taken up on priority basis.


Railways believes the move will benefit a large number of people at a time state governments are constrained to expand healthcare facilities due to non-availability of land

SOURCE;CGEN
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Friday, February 05, 2010

POSTAL DEPARTMENTAL ANOMALY COMMITTEE MEETING

POSTAL DEPARTMENTAL ANOMALY COMMITTEE MEETING HELD TODAY


Postal Departmental Anomaly Committee Meeting

was held today [5.2.2010] in the Committee Room

Dak Bhawan New Delhi


Meeting was held by the Chairman Anomaly Committee Shri.A.K.Sharma DDG Estt. and attened by DDG P and other members of Official Side.

Staff Side was represented by Comrades K.V.Sridharan Leader Staff Side; Giriraj Singh Secretary Staff Side; K.Ragavendran Member; D.Theagarajan Member; Ishwar Singh Dabas Member; S.P.Mukherjee Member and D.Kishanrao Member.


The issues discussed and the situation arising out the discussion are as follows:


1. Placement of TBOP/BCR PA/SA at lower level in comparison to same cadre in Telecom: The stand of the Official Side is that this is not an anomaly of 6th CPC. However it was agreed by the Chiarman that the issue would be re-examined independently of the anomaly committee.

2. Denial of HIgher Pay Scale and also denial of special allowance of PO&RMS Accountants for fixation of pay on promotion: The Official Side took the position that this is also not an anomaly of the 6th CPC but agreed to examine the issue for making a favourable reference to the Nodal Ministry.


3. Anomaly of omission of grant of PB2 to Postal Machine Assistants renamed as Technical Postal Assistants: The Official Side agreed to have a re-check with all aspects raised by the Staff Side.

4. Head Mailman - disturbance of relativity with Postman/Mailguard following 5th CPC: The Official Side took the same position that this is not an anomaly of 6th CPC. AFter discussion in which the decision of the Departmental Council JCM in the year 1978 was pointed out, the Chairman stated that only the willing seniors at BCR Group D level with pay on par with Postman/Mailguard will be posted against Head Mailman post.

5. Chargehand - Placement of Chargehand in PB-2 rather than its merger with Artisan Grade I: Chairman agreed the justification of this Anomaly and stated the Department has taken up this issue with the DOPT for settlement.


6. Artisan Grade I - Common cadre including Railways and Defence - Parity from 01.01.1996: The Official Side pointed out that the anomaly existed after 5th CPC has been set right by the 6th CPC. Therefore there is no anomaly arising after 6TH CPC. However on the question of parity with Railways and Defence would be re-exmined.

7. Data Entry Operators - Lower placement than other Central Government Departments: The creation of DEO Posts by matching savings on direction from Directorate in Chennai DAP and the denial of 4000-6000 pay to these employees has been elaborately discussed. The Official Side contended that this cannot be taken as a 6th pay commission anomaly since the cadre of DEO has not been created in DoP so far. The Official Side admitted that follow up measurers should have been taken at that time itself for creating Recruitment Rules etc. However it is agreed that the issue would be addressed by creating the said DEO cadre with appropriate Recruitment Rules.


8. Cash Handling Allowance to PO & RMS Treasurer - allowing alowance at par with Cashiers in administrative offices: Once again the official side did not agree this as an anomaly of the 6th CPC. After much discussion it was suggested by the Official Side that we may have to make out a strong case in this matter and requested the staff side to provide such vital points in justification which will be examined by Official Side and taken up.

9. Sorters in DAP - relativity disturbance from 5th CPC compared to Postman cadre: On explaining that the Sorter Cadre which was a promotional cadre to Group D is now placed in the same level with Group D, the Official Side suggested that this has to be set right through cadre restructuring. We pointed out that a recommendation to merge sorters wtih LDC is not been implemented. It was agreed to proceed in this issue along with cadre restructuring.


10. Grant of Supervisory Allowance to LSG/HSG-II/HSG-I supervisors - non grant of graded supervisory allowance: The Official Side pointed out that this is not an anomaly of 6th CPC.


11. Anomaly in connection with revision of pay scale of BCR Group D (multi skilled Group C) - non grant of PB-1 with Grade Pay of Rs.1900: Staff Side pointed out the non-fixing of 1900 Grade Pay from 1.1.2006 for the BCR Group D who were in pre-revised scale of 3050. The Official Side agreed to our view and agreed to set right the anomaly.


12. Supervisory allowance for Head Postman/Overseer Postman:Not an anomaly and this has to be taken up separately.


13. TA/DA to Mail Overseer: Not an anomaly and this has to be taken up separately


14. Higher pay scale to PA/Sa Supervisory Posts: After discussion the Official Side agreed to send a reference for grant of Grade Pay 4200/- in PB-2 for LSG Supervisors.


15. Anomaly in fixation of Stenographers: The Official Side stated that the anomaly of Stenographers has been sorted out after the orders of Government to grant 4600/- Grade Pay to Private Secretaries. We pointed out that the anomaly of Grade II and Grade I remaining in same grade pay of 4200/- still remains. The Official Side has taken the position that since this is a common cadre and has to be taken up at higher level.


16. Grant of Pay Scale to drivers equal to Postal Assistant (reference in accordance with judgment of High Court of Madras): The official side pointed out that this is an issue pertaining to common cadre. Staff side pointed out the differences between MMS Drivers and Government staff Car Drivers in the nature of duties and that Drivers are exchanging mails also. Finally the official side agreed to refer the issue to nodal ministry for enhancing the Drivers Scale on par with Postman to pre-revised 3200 scale.


17. Lab Attendent: Official Side told a reference has already been made to nodal ministry in this regard.


18. Medical Store Keepers:Already issued.


19. Nurses: Already issued.                               source;NFPE
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List income, assets before you make a financial plan

Last week, we went through the first steps in preparing a financial plan: your financial objectives, your liabilities and your expenses .



This week we complete the next two aspects : assets and income. Let’s plunge straight into that exercise. One of the key benefits of doing this exercise is to dust the cobwebs off some old papers lying inside a briefcase or a decrepit drawer to find the details .


Of course, I’m referring to assets that you invested in a long time ago, but forgot the details.

Let us start by listing physical assets. These could be in the form of land, villas, an apartment — any form of real estate; or physical gold or silver, antiques and art.


The value of your home cannot be included in your “realisable” net worth, as it is unlikely to be disposed of for any objective. All assets must be considered at their latest estimated realisable value, albeit conservatively.


Physical assets can be productive (revenue generating) or passive — an example of the latter is a piece of land for investment purposes, which does not generate any rental or even agricultural income.


From the realisable values , remember to reduce the outstanding portion of your loans against them.In general, we consider financial assets to be liquid; however, there are exceptions. An investment in ELSS (Equity-linked Savings Scheme of mutual funds) has a lock-in period of three years without an exit option, and hence, is illiquid for that period.


It is important to understand rates of return of all financial assets, the tax implication on them, and the dates of maturity. In order to arrive at a meaningful comparison, pit post-tax returns of one investment against another. For example, a bank fixed deposit of 6.75% pa (taxed at 30% slab) is less attractive than a debt mutual fund with dividend option (taxed at sub-16 %) which earns 5.5% pa.


Remember to include the latest value of your provident fund balances (yes, this is a wake-up call to all those who have not transferred the balances from their previous organisations to their current ones) when arriving at the fixed income component of your assets.


Finally, include the equity investments , taking care to ensure that they are in a demat form, and the latest value of equity mutual funds, with nominations required in place. While collating your bank balances, pause for a moment to consider whether all the bank accounts you have continue to have a need: remember, each one has some minimum, idle balance which isn’t earning much

INSURANCE  POLICIES
Most of us believe we have adequate insurance , but are fuzzy about the cover and the terms of the policies purchased. Now’s a good time as any to read the policy document with the terms and conditions, and then list the sum assured, the benefits, the maturity date and the premium frequency.
INCOME
For the salaried class, this is easy, unless you are the type that does not read your pay slip nor verify the bank credits. Remember to be conservative with the lumpsum expectations of annual bonuses.

For businessmen who do not pay themselves a salary, this is difficult to estimate; but they should consider what they would demand to earn if they were not the sole owners. After all, your business and your self have different objectives , however, hard you would want me to believe otherwise.


We have now completed the theoretical groundwork for getting started on your financial plan. Next week onwards, let’s get practical.
(The author is the MD and chief financial planner of International Money Matters Pvt. ltd                          source;et                                                                                                                              
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Disbursement of second installment arrears for Kendriya Vidyalaya Staffs

Disbursement of second installment arrears for Kendriya Vidyalaya Staffs


KENDRIYA VIDYALAYA SANGATHAN

18, Institutional Area,

Shaheed Jeet Singh Marg,

NEW DELHI-1 10602.
No.F.110239/58/KVS(Budget0/2009-10 Dated:28/1/2010
The Assistant Commisioner/Director

Kendriya Vidayalaya Sangathan

All Regional Office/ZIETs

Sub.: Disbursement of second installment arrears – Implementation of 6th CPC recommendation.


Madam/Sir,

As per the Government of India, Ministry of Finance, Deptt.Of Expenditure, office Memorandum No.F.7-23/2008-E-III(A) dt.27.8.2009 the order for payment of 2nd installment of arrears has been extended to the employees of Quasi-Government Organizations, Autonomous Organizations and statutory Bodies etc. set up by and funded/controlled by the Central Government. Now the funds have been released in favour of particular Regional Office with the instruction to disburse the arears to all the Govt. Financed Kendriya vidyalaya under their jurisdiction. While disbursing the amount, instructions issued vide this office letter of even No. dt. 1.10.2009 may be followed strictly.


It is also directed taht after disbursement of arrears, the KV wise details of payment made may be furnished to this office. In case of any shortfall in fund for disbursement the same may also be brought to the notice of the undersigned immediately.


Yours faithfully,

(M.ARUMUGAM)

DY.Commissioner(Fin.)

SOURCE;CGSN
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