POSTAL LIFE INSURANCE EYES UN TAPPED MARKET

BANGALORE: BACKED BY HER HUSBAND WHO TOLD HER TO TAKE HER CAREER TO A DIFFERENT LEVEL, B JANSI RANI FORGED AHEAD IN HER CHOSEN FIELD OF INSURING PEOPLE. RANI HAS WON ACCOLADES EVERY YEAR FOR HER SERVICES TO THE POSTAL LIFE INSURANCE(PLI) DEPARTMENT IN TIRUCHIRAPALLI IN TAMIL NADU.

This year, at the PLI national awards for outstanding performance by individuals, she swept up another one for overall performance. It is her third national award, and she travelled to Bangalore to receive the award on Tuesday.

"Postal work is monotonous and when I joined the PLI sector in 2006, I thought it would be challenging and interesting to meet people and understand them and their financial position, and convince them to take an insurance policy. It is hectic and I often go out of town for work, leaving my children with my husband, who is the pillar of my career," she said.

SB Order 16/2012 - Purchase of NSCs by an Adult on behalf of a Minor - A clarification

It was clarified by SB Order no 16/2012 released 0n 16.11.2011 that NSCs can be purchased by an Adult in the name of a Minor irrespective of any relation.

Click here to view SB order no 16/2012.

Postal Life Insurance coverage extended to new groups

As a positive development and an appropriate strategy for publicity and securing business, Department of Post has approved expension of the clientele eligible for PLI. Henceforth, the PLI can be extended to the following groups: 

•Employee engaged/appointed on contract basis by Central/State Goverment, where the contract is extendable.

•Employees of Joint Venture in which Central/State Government/Public Sector Undertaking/ Nationalised Banks have minimum holding of 10 percent.

Travelling Allowance applicable to Central Government Employees- A re-visit

Travel entitlements based on grade pay for reimbursing actual cost of journey performed by Central Government Employees by Air and Rail are as follows

Journey by Rail / Air

1. Class of accommodation according to grade pay:

From 01.09.2008, Central Government Servants are entitled for accommodation as follows.

Grade Pay	Travel Entitlement
Officers drawing grade pay of Rs.10,000 and above and those in pay scale of HAG + and above	Business / Club Class by air / AC First class by train
Officers drawing grade pay of Rs.7,600 and Rs.8,900	Economy Class by air / AC First class by train
Officers drawing grade pay of Rs.5,400 and Rs.6,600	Economy Class by air / AC II Tier class by train
Officers drawing grade pay of Rs.4,200, Rs.4,600 and Rs.8,900	AC II Tier class by train
Officers drawing grade pay below Rs.4,200	First class / AC III Tier / AC Chair car by train

Officers drawing Grade Pay of Rs.7600 and above are entitled to travel on tour by Executive Class in Shatabti Trains / AC first class in Rajdhani Train.

DISBURSEMENT OF PENSION TO POSTAL PENSIONERS THROUGH NATIONALIZED BANKS IN ADDITION TO POST OFFICES

 

RIGHT TO INFORMATION ACT2005 DOWNLOAD LINK

Dear Friends,

                  Right to Information Act 2005, download link released. You can download the RTI hand book in your local language for further detailed reference. You could download the manual in PDF format. You should have Adobe/Acrobat Reader software installed system to read the RTI Manual

Please click here to download the RTI Act 2005 Manual 

Expected DA upto 81% from January, 2013 on September, 2012 AICPI-IW index

Expectation of future Dearness Allowance from January, 2013 on the basis of 2 points jump in CPI-IW for the month of August, 2012 and 1 point jump in September, 2012 giving expectation for DA  80% or more from January 2013.

All India Consumer Price Index Number [http://labourbureau.nic.in/indtab.html] for Industrial Workers (CPI-IW) on base 2001=100 for September, 2012 showing increase in 1 point and stood at 215 (Two hundred and fifteen).

ADHOC PROMOTION OF OFFICIALS IN HSG I

THINGS YOU SHOULD KNOW ABOUT HRA AND TAX BENEFITS

    House Rent Allowance (HRA), is an important component in our salary slips, with upto 30% of basic pay (+DP) in metros. HRA is the allowance given to meet the staff's expenses towards renting an accommodation. Though very simple in concept and calculation, the tax implications of the HRA, puzzles many a people. Here are 7 must knows, to help you utilise this component of your salary in a tax efficient manner.

1) Conditions you need to satisfy for a HRA exemption

Under Section 10 of the Income Tax Act, certain exemptions are permissible on the received HRA. To claim such exemptions one must satisfy the below conditions.

The employee must not own the property in which he is residing. 

Employees must be paying rent for the accommodation in which residing. 

Such rent must be more than 10 per cent of his/her salary (see section 5).  

if not, an exemption cannot be availed if there is no HRA component in the salary.

2) Calculating HRA for tax exemption

HRA tax exemption is based on the HRA received, basic pay, actual rent paid as well as if you stay in metro or non-metro. The amount exempted from the tax calculations is the least of the following.

CONTRIBUTORY NEGLIGENCE RECENT ORDERS