Thursday, November 24, 2016
Withholding Annual Increments of Non-performers after 20 Years
Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions
23-November-2016 17:04 IST
Pay Hike
The 7th Central Pay Commission in its Report contained in Para 5.1.46 titled 'Withholding Annual Increments of Non-performers after 20 Years' has inter-alia recommended for withholding of annual increments in the case of those employees who are not able to meet the benchmark either for Modified Assured Career Progression (MACP) or a regular promotion within the first 20 years of their service. The Government of India vide Resolution No.1-2/2016-IC dated 25.7.2016 has accepted this recommendation.
Sunday, November 20, 2016
10 developments after Rs.500/1000 demonetisation
Here’s a round-up of all the important developments
Ten days after demonetisation of Rs. 500 and Rs. 1,000 notes was announced by Prime Minister Narendra Modi, there seems to be little respite for those thronging ATMs and banks to withdraw or exchange what is now illegal tender.
Here’s a round-up of all the important developments:
1. On November 19, banks served only their respective customers and did not exchange old notes from customers of other banks. However, the restriction was not applicable to senior citizens.
2. The Supreme Court on Friday warned that there “may be riots” and refused the government’s plea to stay cases filed against demonetisation in High Courts and lower courts across the country, saying “how can we shut our doors to people when there is a problem of such magnitude.”
3. The exchange limit has been reduced to Rs. 2,000 to ease some pressure on cash demand. Families can withdraw up to Rs. 2,50,000 for weddings.
4. The withdrawal limit from ATMs has been increased from Rs. 2,000 to Rs. 2,500, but this will apply only to the recalibrated ATMs.
5. Several measures were announced to ease the burden on farmers. To ensure sowing in the Rabi season, the government has allowed farmers to withdraw Rs. 25,000 a week against crop loan/kisan credit card. Traders in agricultural mandis will be permitted to draw Rs. 50,000 in cash per week to pay for sundry expenses like wages. While the time limit for payment of crop loan insurance premium has been extended by 15 days, government employees up to Group C have been given an option to draw salary advance in cash.
6. To stop repeat money exchange with invalid currency notes, banks have started applying indelible ink mark on the right index finger of customers in select metro cities.
7. Following the move, the Election Commission asked the Central government to continue its use of indelible ink at banks, but in keeping with the EC’s directions.
8. The exemption deadline for all those services allowed to accept the old Rs. 500 and Rs. 1000 notes was extended to November 24 midnight. These services include petrol pumps, pharmacies, and utility services amongst others.
9. Parliament saw repeated disruptions over the issue. Both Houses ended up being adjourned on the second day of the winter session after Congress leader Ghulam Nabi Azad’s remarks comparing deaths in this period to those in the Uri attacks. MoS for Parliamentary Affairs Mukhtar Abbas Naqvi demanded an apology from Mr. Azad, stalling business further.
10. Cash seizures from across the country have increased since the demonetisation announcement.
Source : http://www.thehindu.com/
Relaxation of Rs.25000/- limit for deposits in Branch Post Offices (upto 30th December, 2016)
From: Director (CBS)
Sent: 18 November 2016 17:57
To: All CPMG; CPMG Telangana Circle
Cc: All PMG; DDG (Financial Services); All Postal Divisions; Director (Vigilance)
Subject: Relaxation of Rs.25000/- limit for deposits in Branch Post Offices.
Subject: Relaxation of Rs.25000/- limit for deposits in Branch Post Offices.
Seventh Pay Commission Allowances to Govt Employees: Official Answer in Lok Sabha
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
STARRED QUESTION NO: 57
ANSWERED ON: 18.11.2016
Allowances to Govt. Employees
VIJAY KUMAR S.R.
SUDHEER GUPTA
Will the Minister of FINANCE be pleased to state:-
Saturday, November 19, 2016
Wednesday, November 16, 2016
SUGGESTION TO ELIMINATE ALL THE MONEY LAUNDERING IN SINGLE STROKE - ACKNOWLEDGEMENT COPY FROM THE PRIME MINISTER OFFICE FOR THE SUGGESTION
I am glad to see the honorable PM initiatives to stop the money laundering.
To get full stop for that I am Proposing ACDC (Adhar cum Debit Card) Act -implementation to curb out all black money and fake currencies in single stroke...
Already suggestion was given vide PMOPG/E/2016/046598 What is ACDC? ADHAR cum DEBIT card procedure has to be followed instead of present currencies.
Saturday, November 12, 2016
AIAPS-TN has submitted the letter to the Tamilnadu Circle administration to the immediate supply of fake note detector cum currency counting machines.
To,
The Honorable Chief Postmaster General,
Tamilnadu Circle,
Chennai 600002.
Respected
sir,
Subject:
Requesting Fake
note detector cum currency counting machines to all LSG/HSG-II/HSG-I and
identified Postmaster Grade offices.
Reference: SB order
number 12/2016 dated 08.11.2016
Vide above reference, post offices are directed to accept the withdrawn
old 500/1000 notes to curb out the black money and fake currencies.
Every
day in average Rs.35lakhs/50 lakhs/75 lakhs currencies are being received at
LSG/HSG-II/HSG-I offices respectively. While accepting those currencies there
is no fake note detector machine in almost all the offices, resulting officials
are suffering like anything. Many of the
post offices are reported by the Head post offices and banks as fake note
received offices only after received the remittances by the head offices and
banks. As a result unable to recover the amount from the public after working
hours and officials are bonded to pay those amounts.
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