Sunday, March 18, 2012

CENTRAL D.A. TO BE ANNOUNCED ON 22ND MARCH


The Central government on Thursday i.e.22/03/2012 will announce to release of seven percent Dearness Allowance (DA) to its employees and pensioners.




“The Central cabinet, which will meet on Thursday i.e.22/03/2012 under the chairmanship of Prime Minister, Manmohan Singh will accord administrative approval to payment of DA to government employees and pensioners – revised rates effective from January 1, 2012,” Government reliable source indicated.
With the increase of seven percent, the rate of DA, it would go up from 58 to 65 percent.

courtesy pay commission

Central Government Employees to get Medical Reimbursement for IVF Treatment

 Order has been released by the Ministry of Health & Family Welfare that both the CGHS beneficiaries and beneficiaries under CS (MA) Rules 1944 will get medical reimbursement for In-Vitro Fertilisation (Test Tube Baby) of an amount not exceeding Rs.65,000/- or the actual cost, whichever is lower.


     The order has been released vide their no. Z.15025/5/2011-CGHS III/CGHS (P) dated 22.11.2011, circulated under Postal Dte. no. 6-1/2012-Medical dated 30.01.2012 and West Bengal C.O. no. A&P/A/M-1/Ruling/Part-IV dated 24.02.2012 (as Standard Circulation List no. 1). 
The order is effective from the date of issue.
The main conditions for such reimbursement are:


    * Prior permission to be obtained on the basis of recommendation for such procedure by Head of Department of Gynaecology & Obstetrics of a Govt. Medical Institution. Permission will be one time for three fresh cycles.


    *  IVF procedure may be allowed, on case to case basis, in private hospital if it is registered with the State/Central Govt and has the necessary facilities, notwithstanding the clause of recommendation in above point.


    * There should be clear evidence of failure of conventional treatment before IVF.


    * The age of women undergoing IVF should be below 39 years.

Saturday, March 17, 2012

GOVERNMENT IN PUBLIC INTEREST MAY RETIRE ANY GOVERNMENT SERVANT.

Minister of State for Personnel, Public Grievances and Pensions V Narayanasamy speaks in the Lok Sabha. Government in public interest may retire any Government Servant

New Delhi, Mar 15,2012 (PIB): The Central Government employees are concerned, Government in public interest may retire any Government Servant after he has attained the age of 50/55 years or after completion of 30 years service by giving him notice of not less than three months in writing or three months pay and allowances in lieu of such notice.

This was stated by the Minister of State for Ministry of Personnel, Public Grievances and Pensions and the Minister of State in the Prime Minister’s Office, Shri V. Narayanasamy in a written reply in Rajya Sabha today.


source:pib

Friday, March 16, 2012

Exemption Limit for Individual Taxpayers Raised

Exemption Limit for Individual Taxpayers Raised to Rs. 2 Lakh
Upper Limit of 20 Per Cent Tax Slab Raised to Rs. 10 Lakh
Deduction up to Rs. 10,000 Proposed for Savings Bank Interest
Senior Citizens not Having Income from Business Exempted from Payment of Advance Tax
   The exemption limit for the general category of individual taxpayers has been enhanced to Rs. 2,00,000 from Rs. 1,80,000 in the General Budget 2012-13, presented by the Union Finance Minister Shri Pranab Mukherjee in the LokSabha here today. This measure will provide tax relief uptoRs. 2,000 to every taxpayer in this category.
 
The Finance Minister, Shri Mukherjee introduced the DTC (Direct Taxes Code) rates for personal income tax, marking progress in the direction of movement towards DTC and GST (Goods and Services Tax).

              It has also been proposed to raise the upper limit of 20 per cent tax slab from Rs. 8 lakh to Rs. 10 lakh. The proposed personal income tax slabs are:
Income uptoRs. 2 lakh NIL
Income above Rs. 2 lakh and uptoRs. 5 lakh 10 per cent
Income above Rs. 5 lakh and upto Rs.10 lakh 20 per cent
Income above Rs. 10 lakh 30 per cent
   In another relief to the individual taxpayers, a deduction of uptoRs. 10,000 has been proposed for interest from savings bank accounts. This would help a large number of small taxpayers with salary incomes uptoRs. 5 lakh and interest from savings bank accounts uptoRs. 10,000 as they would not be required to file income tax returns.
 
            It has also been proposed to allow deduction of Rs. 5,000 for preventive health check up.
 
            For senior citizens not having income from business, it has been proposed to exempt them from payment of advance tax.


Source: PIB

Union Budget 2012-13 Highlights


·         Budget identifies five objectives relating to  growth recovery, private investment, supply bottlenecks, malnutrition and governance matters
·         GDP growth to be 7.6 per cent (+ 0.25 percent) during 2012-13

·         Amendment to the FRBM Act proposed  as part of Finance Bill.  New concepts of “Effective Revenue Deficit” and “Medium Term Expenditure Framework” introduced
·         Central subsidies to be kept under 2 per cent of GDP; to be further brought down to 1.75 per cent of GDP over the next 3 years.
·         Proposed: Mobile based fertilizer management system; LPG transparency portal; scaling up and rolling out of Aadhar enabled payment for government schemes in at least 50 districts.
·         Rs. 30,000 crore to be raised through disinvestment
·         Efforts to reach broadbased consensus on FDI in multi-brand retail
·         Rajiv Gandhi Equity Saving Scheme: to allow income tax deduction to retail investors on  investing in equities
·         Rs. 15,888 crore to be provided for capitalization of public sector banks and financial  institutions
·         A central  “Know Your Customer” depository to be developed
·         Swabhimaan: remaining habitations to be covered; to be extended to more habitations; ultra small branches to be set up inSwabhimaan habitations
·         Investment in 12th Plan in infrastructure to go uptoRs. 50,00,000crore; half of this is expected from private sector
·         Tax Free Bonds of Rs. 60,000 crore to be allowed for financial infrastructure projects
·         Allocation of Road Transport and Highways Ministry enhanced by 14 per cent to Rs. 25,360 crore
·         Financial package of Rs. 3,884 crore for waiver of loans to handloom weavers and their cooperative societies; mega handloom clusters in Andhra, Jharkhand; weaver service centres in Mizoram, Nagaland and Jharkhand ; powerloom mega cluster in Maharashtra; Rs. 500 crore pilot schemes for geo-textiles in North-Eastern region
·         Rs. 5,000 crore India Opportunities Venture Fund to help small enterprises
·         Allocation to agriculture enhanced; RKVY gets Rs. 9,217 crore; BGREI gets Rs. 1,000 crore; Rs.2242 crore project to improve dairy productivity; Rs. 500 crore for coastal aquaculture
·         Various other agricultural activities merged into 5 missions
·         Target for agricultural credit raised to Rs. 5,75,000 crore
·         Interest subvention for short-term crop loans to farmers at 7 per cent interest continues; additional 3 per cent for prompt paying farmers
·         Rs. 200 crore for awards to incentivise agricultural research
·         Provisions under rural housing fund increased to Rs. 4,000 crorefrom Rs. 3,000 crore
·         Interest subvention of 1 percent on housing loans uptoRs. 15 lakhextended for one more year
·         AIBP allocation raised by 13 per cent to Rs. 14,242 crore
·         National Mission on Food Processing to be started in cooperation with State Governments
·         Scheduled Caste Sub Plan allocation increases by 18 per cent to Rs. 37,113 crore; Tribal Sub Plan by 17.6 per cent to Rs. 21,710 crore
·         Multi-sectoralprogramme to address maternal and child malnutrition in 200 high burden districts
·         58 per cent rise in allocation to ICDS, at Rs. 15,850 crore
·         Rural drinking water and sanitation gets 27 per cent rise in allocation to Rs. 14,000 crore; PMGSY gets 20 per cent rise to Rs. 24,000 crore
·         Projects covering length of 8800 km to be awarded under NHDP against 7,300 km during 2011-12
·         RTE-SSA gets Rs. 25,555 crore allocation, showing an increase of 21 per cent; 6000 schools to be set up at block level as model schools in the 12th Plan; Credit Guarantee Fund to be set up for better flow of credit to students
·         National Urban Health Mission is being launched
·         34 per cent increase in allocation to National Rural Livelihood Mission, to Rs. 3915 crore
·         Rs. 1000 crore allocated for National Skill Development Fund
·         Bharat Livelihood Foundation to be established to support livelihood interventions particularly in  tribal areas
·         Widow pension and disability pension raised from Rs. 200 to Rs. 300 per month
·         Grant on death of primary breadwinner of a BPL family in the age group 18-64 years doubled to Rs. 20,000
·         Defence services get Rs. 193407 crore; any further requirement to be met
·         4000 residential quarters to be constructed for Central Armed Police Forces
·         UID-Aadhar to get adequate funds for enrolment of 40 crorepersons, in addition to the 20 crore persons already enrolled
·         White Paper on Black Money to be laid in the current session of Parliament
·         Tax proposals mark progress in the direction of movement towards DTC and GST
·         Income tax exemption limit raised from Rs.1,80,000 to Rs.2,00,000; upper limit of 20 per cent tax slab raised from Rs.8 lakh to Rs.10lakh
·         Interest from savings bank accounts deductible upto Rs.10,000; deduction of upto Rs.5,000 for preventive health check-up
·         Senior citizens without business income exempt from advance tax
·         Investment linked deduction of capital expenditure enhanced for certain businesses; new sectors eligible for investment linked deduction
·         Turnover limit for compulsory tax audit for SMEs raised from Rs.60lakh to Rs.1 crore
·         STT on cash delivery reduced by 25 per cent to 0.1%
·         General Anti Avoidance Rule being introduced to counter aggressive tax avoidance
·         A number of measures proposed to deter generation and use of unaccounted money
·         All services to attract service tax except those in the negative list
·         Central Excise and Service Tax being harmonized
·         Standard rate of excise duty raised from 10 per cent to 12 per cent; service tax rates raised from 10 per cent to 12 per cent; no change in peak customs duty of 10 per cent on non-agricultural goods
·         Relief in indirect taxes to sectors under stress; agriculture, infrastructure, mining, railways, roads, civil aviation, manufacturing, health and nutrition, and environment get duty relief
·         Certain cigarettes and bidis attract higher excise duty; large cars attract higher customs duty
·         Excise imposed on unbranded jewellery also; measures to minimize impact on small artisans  and goldsmiths; branded silver jewelleryexempted from excise duty
·         Net gain of Rs.41,440 crore due to taxation proposals
·         Total expenditure budgeted at Rs. 14,90,925 crore; plan expenditure at Rs. 5,21,025 crore – 18 per cent higher than 2011-12 budget; non plan expenditure at Rs. 9,69,900 crore
·         Fiscal deficit targeted at 5.1 per cent of GDP, as against 5.9 per cent in revised estimates for 2011-12
·         Central Government debt at 45.5 per cent of GDP as compared to Thirteenth Finance Commission target of 50.5 per cent
·         Medium-term Expenditure Framework Statement to be introduced; will set forth 3-year rolling target for expenditure indicators

 Source : PIB

Performance linked incentive for central employees soon



Government on Thursday said that it was working on guidelines through inter-departmental consultations to give performance-based incentives to its employees over and above their regular salary. 
"The sixth Central Pay Commission (CPC) has recommended introduction of new performance based pecuniary benefit, over and above the regular salary, for government employees," MoS for department and personnel V Narayanasamy told the Rajya Sabha in a written reply. 
He said, "The benefit will be called Performance Related Incentive Scheme (PRIS) and will be payable taking into account performance of employees during the period under consideration. The recommendation has been accepted by the government. Guidelines are being worked out through inter-departmental consultation." 
Though the fourth and fifth pay commissions had also recommended performance-based incentives for central government employees, the successive governments had not accepted it and put the proposal in cold storage due to the absence of any credible benchmark for measuring their performance. 
The UPA-II had, however, accepted the proposal of the sixth pay commission and asked a panel of secretaries last year to come out with a formula for disbursing incentives under the PRIS among employees of 62 central government departments. The CoS had met several times since then and been in the process of fine-tuning the guidelines. 
Responding to another question, Narayanasamy said that the Centre has amended All India Services Rules this year to enable the Central government to ask a (non-performing) member of the service to retire in public interest. 
"The Central government may, in consultation with the state government concerned, require a Member of the Service to retire from service in public interest, after giving such Member at least three month's previous notice in writing or three month's pay and allowances," the minister said.
Source : Times of India

Staff Welfare Board increases cost of momentos for Retiring officials

For Departmental employees Retirement momento cost of Rs1000 is revised to Rs2000 and For GDS employees Retirement momento cost of Rs400 is revised to Rs800 W.E.F. 01.04.2012 as per directorate order no WLF/2-304/1 dated 29.02.12 of CPMG Lr.

Revision of Stitching Charges of uniform/livery items...


Ministry of Personnel, P.G. Pensions, Department of Personnel and Training has directed to all concerned departments of Central Government throgh the Office Memorandum (No.18/1/2011-Dir.(C) dated 23rd January, 2012) regarding that the Stitching chargeof uniform/livery items. Revision of stitching charges for woolen pant to Rs.180 and for woolen salwar to Rs.60, these would be admissible once in two years.


The rate of stitching charges for all items of uniforms as admissible to canteen employees would be as per the rates notified by Dopt on 18th April, 2011. 

Courtesy:90paisa.blogspot.com

Wish to calculate RD, MIS, TD, NSC interest rates at one Place? Solution is here

If any public reached u to enquire about the Various Postal Savings schemes and returns. Find the useful solution is here


Click here to visit the Interest calculator download page. There in file Menu click download as option to download the Interest calculator file to your hard disk


Sincere thanks to M.DHAMOTHARAN, ANR

Thursday, March 15, 2012

Appraisal of Performance of Civil Servants



Performance Related Incentive Scheme (PRIS)

The Sixth Central Pay Commission has recommended the introduction of new performance based pecuniary benefit, over and above the regular salary, for Government employees. The benefit will be called Performance Related Incentive Scheme (PRIS) and will be payable taking into account the performance of the employees during the period under consideration. The recommendation has been accepted by the Government. Guidelines are being worked out through inter-departmental consultation.

Rule 16(3) of the All India Services (DCRB) Rules, 1958has been amended on 31st January, 2012 which provides that the Central Government may in consultation with the State Government concerned, require a Member of the All India Service (AIS) to retire from Service in public interest, after giving such Member at least three month’s previous notice in writing or three month’s pay and allowances in lieu of such notice-

  • (i) After the review when such Member completes 15 years of qualifying Services; or
  • (ii) After the review when such Member completes 25 years of qualifying Services; or
  • (iii) Attains the age of 50 years, as the case may be; or
  • (iv) If the review referred to in (i) or (ii) above has not been conducted, after the review at any other time as the Central Government deems fit in respect of such Member.
So far as Central Government employees are concerned, Government in public interest may retire any Government Servant after he has attained the age of 50/55 years or after completion of 30 years service by giving him notice of not less than three months in writing or three months pay and allowances in lieu of such notice.

This was stated by the Minister of State for Ministry of Personnel, Public Gruievances and Pensions and the Minister of State in the Prime Minister’s Office, Shri V. Narayanasamy in a written reply in Rajya Sabha today.


source pib