7th Pay Commission: Enhanced allowances with arrears to be paid in January

New Delhi: The government is going to pay of enhanced allowances to its 4.8 million central government employees according to 7th Pay Commission recommendations in January along with five months arrears, when situation will return to normalcy after cash crunch period.

The payments will be made after cabinet nod following the the committee on allowances report, the finance ministry source said.

Meager financial Benefit of 14% in 7th CPC - Parliament Q & A

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

LOK SABHA

UNSTARRED QUESTION NO: 1755

ANSWERED ON: 25.11.2016

Meager Benefits of 7th CPC

PINAKI MISRA
Will the Minister of

FINANCE be pleased to state:-

(a) whether the Government employees got only a meager financial benefit of 14 per cent or less after implementation of 7th CPC;

(b) if so, the details of percentage of salary they got before and after implementation of Seventh CPC and the reasons for such meager hike in their salaries; and

Goa will be First State to go Cashless from December 31, 2016

Highlights

While cash transactions are not being banned, the move is to encourage a cashless society. 

People will be able to buy perishables such as fish, meat, vegetables or anything else at the press of a button on their mobile.

PANAJI: Goa is likely to become the first state in India to go cashless from December 31, as people will be able to buy perishables such as fish, meat, vegetables or anything else at the press of a button on their mobile. 

Withdrawal of cash per week - RBI Instructions on 25.11.2016

RBI/2016-17/158

DCM (Plg) No.1424/10.27.00/2016-16

November 25, 2016

To,

The Chairman / Managing Director/ Chief Executive Officer,

Public Sector Banks/ Private Sector Banks / Foreign Banks/ Regional Rural

Banks / Urban Cooperative Banks/ State Cooperative Banks/ District Central Cooperative Banks

Dear Sir,

Withdrawal of cash – Weekly limit

GDS 7th CPC report is submitted

Guidelines on treatment of effect of penalties on promotion - role of Departmental Promotion Committee.

To view DoPT OM dated 21st November 2016, please CLICK HERE. 

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. 

Cadre Restructuring of Group 'C' employees in Department of Posts - Clarification - reg.

To view, please CLICK HERE. 

Regarding exchange of currency notes at post offices - DO from Directorate