K.Kalimuthu, General Secretary, CHQ Camp at TNagar HPO, Chennai 600017(TN), Mobile 9566330927, 8667686382,
Please eMail your grievances/suggestions if any to aiapstncircle@gmail.com
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Tuesday, November 29, 2016
Cabinet moves in to tax post demonetisation deposits.
The Union Cabinet on Thursday night is believed to have discussed amending laws to levy close to 60 per cent income tax on unaccounted deposits in banks above a threshold post demonetisation of high-denomination currency notes.
The move comes amid banks reporting over Rs. 21,000 crore being deposited in zero-balance Jan Dhan accounts in two weeks after the Rs. 500 and Rs. 1,000 notes were banned, which authorities apprehend may be the laundered black money.
There was no official briefing on what transpired in the meeting that was called at short notice as Parliament is in session. Traditionally, there could no disclosures outside on any policy decision taken during the sitting of Parliament.
Withdrawal of cash from bank deposit accounts - Relaxation
RBI/2016-17/163
DCM.No.1437/10.27.00/2016-17
November 28, 2016
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 from bank deposit accounts - Relaxation
Monday, November 28, 2016
Directorate directed circles not to issue admit cards for PS Gr. B examination but preparatory work continue
Subject: PS Group B Exam to be held on 04.12.2016
Respected Sir/Madam,
This is regarding conduct of the P.S. Group B Examination scheduled to be held on 04.12.2016
2. It is informed that CAT Ernakulam Bench has issued following directions dated 24.11.2016 in OA No. 180/953/2016 filed by Sh. Ajith Kurian, ASP, CO Kerala and others:-
Minimum Balance in Savings Accounts
Reserve Bank of India (RBI) vide its circular dated August 10, 2012 on Financial Inclusion – Access to Banking Services – Basic Saving Bank Deposit Account, advised all Scheduled Commercial Banks to offer a ‘Basic Savings Bank Deposit Account’ which shall not have the requirement of any minimum balance. In terms of aforesaid circular, banks have been advised to offer Facility of ATM card or ATM-cum-Debit Card to all BSBD account holders without any charges.
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
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
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