To view DoPT OM dated 21st November 2016, please CLICK HERE.
Thursday, November 24, 2016
Declaration of undisclosed Black Money
Declaration of undisclosed Black Money
Press Information Bureau
Government of India
Ministry of Finance
22-November-2016 17:53 IST
A total number of 64,275* declarants have made declaration of undisclosed income of Rs.65,250* crore under the Income Declaration Scheme, 2016. (*Provisional). Under the Income Declaration Scheme, 2016 the amount of tax, surcharge and penalty is payable in three instalments. The notified date for payment of first instalment is 30th November, 2016. Hence, the quantum of tax collected as part of the Scheme cannot be quantified at this stage.
Government has taken several measures, by way of policy initiatives and enforcement action, to curb black money. Such measures include –
PM invites views from the people, on decision taken regarding currency notes of Rs. 500 and Rs. 1000
Press Information Bureau
Government of India
Prime Minister's Office
22-November-2016 13:33 IST
PM invites views from the people, on decision taken regarding currency notes of Rs. 500 and Rs. 1000
The Prime Minister, Shri Narendra Modi, has invited views from the people, on the recent decision taken by the Union Government regarding currency notes of Rs. 500 and Rs. 1000.
People can submit their views through a survey consisting of 10 questions, which is available through the Narendra Modi App. Sharing the link to this survey, the Prime Minister tweeted today that he wants a first-hand view from the people, regarding this decision.
Government Committee for consideration of issues of 7th CPC recommendations
Government Committee for consideration of issues of 7th CPC recommendations
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
RAJYA SABHA
UNSTARRED QUESTION NO-713
ANSWERED ON-22.11.2016
Government Committee for consideration of issues of 7th CPC recommendations
713 . Shri Neeraj Shekhar
(a) whether Group of Ministers including Union Minister for Finance had assured the representatives of various trade unions/JCM to set up a Committee to consider the demand of revision of Minimum Wage and Fitment Formula under 7th CPC with a mandate to finalize its report within four months;
(b) if so, the present status of the Committee;
(c) the reasons for the delay in report by the said Committee even after elapsing of more than four months;
(d) whether the Committee on Allowances has finalized its report;
(e) if so, the details thereof along with the salient recommendations thereof; and
(f) if not, the reasons therefor?
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/
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