Wednesday, December 5, 2012
Monday, December 3, 2012
Check your cheque status, only those in new format will be honoured from January 1
Add one more item — get a new cheque book — to your list of 'things to do' before the New Year. You may not be able to use your old cheques from next year with the implementation of the new Cheque Truncation System (CTS-2010), which will eliminate physical movement of cheques for clearing. Instead, only their electronic images, along with key information, will be captured and transmitted. It will make the clearing process more efficient, secure and quicker; but for that, you must switch to new cheques with prescribed standard features before December 31.
"Customers need not worry about the impending CTS implementation. I am sure they will not be inconvenienced due to the migration process. Some transitory period, from January 1 to March 31, could be given during which both types of cheques will be accepted. Banks are sending messages to customers now so that they comprehend the urgency and act upon it," says AC Mahajan, chairman, Banking Codes and Standards Board of India(BCSBI).
Proposal of raising the retirement age of government employees..!
Is raising retirement age of Central Government Employee a threat for employment prospects of youth ?
At the end of Every Year people used to talk about the proposal of raising the retirement age of government servants. Normally the people who are at the verge of retirement from government service are eagerly expecting the government to increase the retirement age. The Government servants especially those who are in the pay structure of Pay band –I will have to face financial burden as the Pension amount they will be paid after commutation will be very meager and it is not sufficient enough to meet their expenses of day to day life. Because the Government employees those who are drawing grade pay of Rs.1800/-, 1900/-, 2000/-, 2400/-and 2800/- will get only around Rs.20000 as the gross salary of every month. It is understood that one cannot lead a financially successful life with this income alone. So many government servants, to run the life, forced to avail loans from where ever they can get. At the end, they are badly in debt at the time of retirement.
That is why the government servants don’t feel happy about retiring from service. But extending the service of two years from 60 to 62 will not solve all their problems. It will help them to put off facing the financial crisis for at least two years. But the Government does not consider this aspect any way to increase the retirement age of central government employees from 60 to 62.
Wednesday, November 28, 2012
SB Order 16/2012
- Purchase of NSCs by an Adult on behalf of a Minor - A clarification
It was clarified by SB Order no 16/2012 released 0n 16.11.2011 that NSCs can be purchased by an Adult in the name of a Minor irrespective of any relation.
Click here to view SB order no 16/2012.
ID Proofs Compulsory During Train Journey in All Reserved Classes from 1st December 2012
With effect from 01.12.2012, one of the passengers booked on a ticket for undertaking journey in any reserved class will have to produce any one of the prescribed proofs of identity failing which all the passengers will be treated as travelling without ticket and charged accordingly.
From January 2013 existing bank Cheque to become Trash
Come January your cheque books would become a useless piece of paper: Reason, the existing non-uniform standard of cheques would be taken over by standard uniform Cheque Truncation System (CTS-2010).As per the direction of the RBI all the banks operating in India including in J&K have been asked to disband the existing cheques and adopt the CTS-2010. The non-CTS-2010 cheques would be phased out by December 31, 2012 and the new standard cheques would come into operation from January 1, 2013.
PLI/RPLI CREDIT CERTIFICATE IN HOS AND SOS
TOTAL VIEWER SOFTWARE
A small reporting tool named Total Viewer developed by Sivakumar N. This tool will be very helpful for generating PLI/RPLI credit certificate in HOs and SOs, to know the dispatch details of registered article, etc.
Download Link
Courtesy : Sivakumar N.
System Administrator
O/o Postmaster, Karunagappally
Kollam Division PIN 690518
Email : sivakumarn007@gmail.com
Thursday, November 22, 2012
TNPSC Group 1 Recruitment 2012 Collector, Commissioner, Registrar and Officer
S.No
|
Name of the Post
|
No of Vacancies
|
1.
|
Deputy Collector (Tamil Nadu Civil Service)
|
08
|
2.
|
Deputy Superintendent of Police (Category – I) (Tamil Nadu Police Service)
|
04
|
3.
|
Assistant Commissioner (C.T.) (Tamil Nadu Commercial Taxes Service)
|
07
|
4.
|
District Registrar (Tamil Nadu Registration Service)
|
01
|
5.
|
District Employment Officer (Tamil Nadu General Service)
|
05
|
Scale of Pay: Rs.15,600-39,100/- (PB3) + 5400/-G.P.
Qualification: Candidates should possess a Degree of any of the Universities incorporated by an Act of the Central or State Legislature in India or any other Educational Institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of the University Grants Commission Act, 1956.
POSTAL LIFE INSURANCE EYES UN TAPPED MARKET
BANGALORE: BACKED BY HER HUSBAND WHO TOLD HER TO TAKE HER CAREER TO A DIFFERENT LEVEL, B JANSI RANI FORGED AHEAD IN HER CHOSEN FIELD OF INSURING PEOPLE. RANI HAS WON ACCOLADES EVERY YEAR FOR HER SERVICES TO THE POSTAL LIFE INSURANCE(PLI) DEPARTMENT IN TIRUCHIRAPALLI IN TAMIL NADU.
This year, at the PLI national awards for outstanding performance by individuals, she swept up another one for overall performance. It is her third national award, and she travelled to Bangalore to receive the award on Tuesday.
"Postal work is monotonous and when I joined the PLI sector in 2006, I thought it would be challenging and interesting to meet people and understand them and their financial position, and convince them to take an insurance policy. It is hectic and I often go out of town for work, leaving my children with my husband, who is the pillar of my career," she said.
SB Order 16/2012 - Purchase of NSCs by an Adult on behalf of a Minor - A clarification
It was clarified by SB Order no 16/2012 released 0n 16.11.2011 that NSCs can be purchased by an Adult in the name of a Minor irrespective of any relation.
Click here to view SB order no 16/2012.
Click here to view SB order no 16/2012.
Wednesday, November 21, 2012
Postal Life Insurance coverage extended to new groups
As a positive development and an appropriate strategy for publicity and securing business, Department of Post has approved expension of the clientele eligible for PLI. Henceforth, the PLI can be extended to the following groups:
•Employee engaged/appointed on contract basis by Central/State Goverment, where the contract is extendable.
•Employees of Joint Venture in which Central/State Government/Public Sector Undertaking/ Nationalised Banks have minimum holding of 10 percent.
Travelling Allowance applicable to Central Government Employees- A re-visit
Travel entitlements based on grade pay for reimbursing actual cost of journey performed by Central Government Employees by Air and Rail are as follows
Journey by Rail / Air
1. Class of accommodation according to grade pay:
From 01.09.2008, Central Government Servants are entitled for accommodation as follows.
| Grade Pay | Travel Entitlement |
| Officers drawing grade pay of Rs.10,000 and above and
those in pay scale of HAG + and above
| Business / Club Class by air / AC
First class by train
|
| Officers drawing grade pay of Rs.7,600 and Rs.8,900 | Economy Class by air / AC First
class by train
|
| Officers drawing grade pay of Rs.5,400 and Rs.6,600 | Economy Class by air / AC II Tier class by train |
| Officers drawing grade pay of Rs.4,200, Rs.4,600 and Rs.8,900 | AC II Tier class by train |
| Officers drawing grade pay below Rs.4,200 | First class / AC III Tier / AC Chair
car by train
|
Officers drawing Grade Pay of Rs.7600 and above are entitled to travel on tour by Executive Class in Shatabti Trains / AC first class in Rajdhani Train.
RIGHT TO INFORMATION ACT2005 DOWNLOAD LINK
Dear Friends,
Right to Information Act 2005, download link released. You can download the RTI hand book in your local language for further detailed reference. You could download the manual in PDF format. You should have Adobe/Acrobat Reader software installed system to read the RTI Manual
Expected DA upto 81% from January, 2013 on September, 2012 AICPI-IW index
Expectation of future Dearness Allowance from January, 2013 on the basis of 2 points jump in CPI-IW for the month of August, 2012 and 1 point jump in September, 2012 giving expectation for DA 80% or more from January 2013.
All India Consumer Price Index Number [http://labourbureau.nic.in/indtab.html] for Industrial Workers (CPI-IW) on base 2001=100 for September, 2012 showing increase in 1 point and stood at 215 (Two hundred and fifteen).
Saturday, November 10, 2012
THINGS YOU SHOULD KNOW ABOUT HRA AND TAX BENEFITS
House Rent Allowance (HRA), is an important component in our salary slips, with upto 30% of basic pay (+DP) in metros. HRA is the allowance given to meet the staff's expenses towards renting an accommodation. Though very simple in concept and calculation, the tax implications of the HRA, puzzles many a people. Here are 7 must knows, to help you utilise this component of your salary in a tax efficient manner.
1) Conditions you need to satisfy for a HRA exemption
Under Section 10 of the Income Tax Act, certain exemptions are permissible on the received HRA. To claim such exemptions one must satisfy the below conditions.
The employee must not own the property in which he is residing.
Employees must be paying rent for the accommodation in which residing.
Such rent must be more than 10 per cent of his/her salary (see section 5).
if not, an exemption cannot be availed if there is no HRA component in the salary.
2) Calculating HRA for tax exemption
HRA tax exemption is based on the HRA received, basic pay, actual rent paid as well as if you stay in metro or non-metro. The amount exempted from the tax calculations is the least of the following.
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