Wednesday, February 17, 2016

Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham

Budget-2016-17: Revision in IT exemption to at least Rs 4 lakh minimum expectation of common-man

Monday, February 15, 2016

Revision in the income tax exemption limit to at least Rs four lakh is the most important and pressing expectation of a common-man who also seeks from the Finance Minister Mr Arun Jaitley extra incentives for savings and more tax allowance for expenditure on education and health, an ASSOCHAM Aam Aadmi survey for the ensuing budget, has noted.

Finance Ministry invites NJCA to discuss over 7th pay commission recommendation on 19.2.2016

The Official Sources Close to the Finance Ministry told that a Meeting with National Joint Council of Action to be held on 19th February 2016 on the issues of 7th Pay Commission and Charter of Demands of NJCA.

It is informed that Convener, 7th Pay Commission Implementation Cell has fixed Meeting with NJCA on 19th February 2016 at North Block to discuss about the matters pertaining to 7th CPC recommendations and Charter of Demands of NJCA. The timing of the meeting scheduled itself has reveals its importance.

Revised policy for bandwidth up-gradation / down-gradation

SEVENTH PAY COMMISSION REPORT ‘TOTAL RUBBISH’, SAY EMPLOYEES’ LEADERS

New Delhi: Central government employees’ leaders have trashed the Seventh Pay Commission report on pay and allowances hike of central government employees and officers, saying it was ‘total rubbish’ and ‘not worth the paper it was printed on’.

The Seventh Pay Commission report was presented to Finance Minister Arun Jaitley in November.
A Trade Union leader said he finds it hard to believe that the 900-page report had failed to find any government employees’ welfare motive behind the issuance of such type of pay hike recommendations, which has given nothing, not even proper minimum pay hike.

Tuesday, February 16, 2016

Postal Department Has Overtaken SBI on Digital Connectivity: Ravi Shankar Prasad

MUMBAI: The postal department has surpassed the country's largest lender, SBI, in terms of digital connectivity even before its payments bank launch, Union IT and Communications Minister Ravi Shankar Prasad today said.

"The core banking solution (CBS) or digital connectivity of the postal department has surpassed the State Bank of India's digital connectivity," Prasad said at a special session on the third day of the ongoing Make in India week here.

There are over 1.50 lakh post offices across the country, of which 1.25 lakh are in rural areas, and the department had embarked on CBS connectivity a few years ago.

Uploading of past premium no longer be available after 15.03.2016 in McCamish - CIS

Monday, February 15, 2016

FAQ On Procurement Of High Value PLI Policies

Frequently Asked Questions on procuring High Value Policies in PLI issue by CPMG TN Circle

01.   What is High Value Policy in PLI?
If Sum assured is more than 20 Lakhs in PLI, It is called High value policy.

02.   Who is the accepting authority for High value policies?
For Single proposals more than 20 lakhs and up to 50 lakhs, the accepting authority would be the Chief Postmaster General.
New proposals of existing policy holders whose aggregate exceeds Rs 20 lakhs and up to 30 lakhs, the accepting authority would be DPS (HQ). 
New proposals exceeding Rs 20 lakhs  up to  50 lakhs and new proposals of existing  policy holders whose aggregate exceeds Rs  30 lakhs  and  up to  50 lakhs, the accepting authority would be the Chief Postmaster General.