Welcome to the official blog of AIPSA. This blog is meant for use by members of All India Postal Stenographers' Association******E-mail: parambilmohan@gmail.com
================ Blog maintained by : P. Radhamohan Nair, Private Secretary to Post Master General, (Retired) Northern Region, Calicut, Kerala Circle=================

Tuesday, March 28, 2017

NOTIFICATION FOR THE POSTS OF GRAMIN DAK SEVAKS FOR ODISHA CIRCLE

10 most important income-tax changes which will apply from April 1

With the passage of the Finance Bill on Wednesday, the Lok Sabha has completed the budgetary exercise for 2017-18. The tax proposals in the Budget 2017 have now become law. Below are 10 most important income-tax changes that will affect you next month: 

1. With a decrease in tax rate from 10 per cent to 5 per cent for total income between Rs 2.5 lakh and Rs 5 lakh, there is tax saving of up to Rs 12,500 per year and Rs 14,806 (including surcharge and cess) for those with income above Rs 1 crore. 
2. Tax rebate is reduced to Rs 2,500 from Rs 5,000 per year for taxpayers with income up to Rs 3.5 lakh (earlier Rs 5 lakh). Due to the combined effect of change in tax rate and rebate, an individual with taxable income of Rs 3.5 lakh will now pay tax of 2,575 instead of 5,150 earlier. 
3. Surcharge at 10 per cent of tax levied on rich taxpayers, with income between Rs 50 lakh and Rs 1 crore. The rate of surcharge for the super rich, with income above Rs 1 crore, will remain 15 per cent. 
4. Holding period for immovable property to be considered "long term" reduced to 2 years from 3. This will ensure immovable property held beyond 2 years is taxed at reduced rate of 20 per cent and eligible for various exemptions on reinvestment. 
5. Long term capital gains tax will result in a lower payout owing to beneficial amendments. The base year for indexation of cost (adjustment of inflation) has been shifted to April 1, 2001 from April 1, 1981. This means lower profits on sale. 
6. Further, tax exemption will be available on reinvestment of capital gains in notified redeemable bonds (in addition to investment in NHAI and REC bonds). 
7. A simple one-page tax return form is to be introduced for individuals with taxable income up to Rs 5 lakh (excluding business income). Those filing returns for the first time in this category will generally not be subject to scrutiny. 
8. Delay in filing tax return for 2017-18 will attract penalty of Rs 5,000 if filed by Dec 31, 2018 and Rs 10,000 if filed later. Such fee will be restricted to Rs 1,000 for small taxpayers with income up to Rs 5 lakh. 
9. Deduction for first-time investors in listed equity shares or listed units of equity oriented fund under the Rajiv Gandhi Equity Savings Scheme is withdrawn from 2017-18. If an individual has already claimed deduction under this scheme before April 1, 2017, he/she shall be allowed to avail a deduction for the next two years. 
10. Time period for revision of tax return cut to one year (from 2 years) from the end of the relevant FY or before completion of assessment, whichever is earlier.

Source:-The Economic Times

VERY IMPORTANT JUDGEMENT FROM HON'BLE HIGH COURT OF MADRAS - IMPLEMENTATION OF MACP

VERY IMPORTANT JUDGEMENT FROM HON'BLE HIGH COURT OF MADRAS - IMPLEMENTATION OF MACP RETROSPECTIVELY W.E.F. 01-09-2008 AND DENYING PROMOTIONAL HIERARCHY UNDER ACP FOR THOSE WHO HAVE COMPLE TED REQUIRED SERVICE DURING THE PERIOD BETWEEN 01-09-2008 TO 19-05-2009 HELD NOT LEGAL


       TO READ THE COMPLETE JUDGEMENT, PLEASE CLICK HERE.

National Eligibility Cum Entrance Test (NEET) 2017 - Additional Cities - Press Release dtd 24.03.2017

CAT Eranakulam - latest news - Pay parity - CAICGSA

CAT case hearing held and CAT impossed a fine of Rs.5000/- to DOPT for not filing reply and the case posted for hearing on 16.05.2017 due to summer vacation with the direction that if no reply received, fine amount will be recovered from the Officer of DOPT at fault.

- Harisudhan, 
General Secretary,
 Confederation of All India Central Government Stenographers Association

Aadhaar Card Can't Be Mandatory For Government's Welfare Schemes: Supreme Court

NEW DELHI: Aadhaar cannot be mandatory for central welfare schemes, the Supreme Court said today, but added that it cannot stop the government from linking the 12-digit identification number to the opening of bank accounts or filing of tax returns.
The government recently made it mandatory for citizens to produce the 12-digit Aadhaar number for benefits under nearly three dozen central schemes including free mid-day meals for schoolchildren. Aadhaar was also made compulsory for scholarships and other schemes for backward castes and the disabled. Aadhaar cards are mandatory for subsidized cooking gas and foodgrains.
The government has said it will enable people to get their biometric identity documents by June 30.
Aadhaar cards will also be needed for filing tax returns - a move that Finance Minister Arun Jaitley says will check tax evasion.
The Supreme Court today said it cannot stop the government from doing so but reiterated its earlier order that Aadhaar cannot be mandatory for people to benefits under official welfare schemes.
Last week, responding to opposition criticism in parliament, Finance Minister Arun Jaitley had said that Aadhaar may soon become the only card required to identify a person, replacing Voter IDs and PAN or Permanent Account Number. He said as many as 98 per cent or 108 crore people have Aadhaar numbers.
The government has said that until all beneficiaries are assigned Aadhaar cards, subsidized foodgrain will be provided on ration cards and Aadhaar enrolment slips or a copy of an applicant's request for Aadhaar enrolment.
The centre has asked states to link Aadhaar numbers with the ration card or with bank accounts for cash transfer of food subsidy.
The use of Aadhaar as the identity document for benefits or subsidies simplifies delivery and helps make the system more transparent and efficient, the government says.

More than 2 dozen companies want collaboration with India Post Payments Bank


Press Information Bureau 
Government of India
Ministry of Communications & Information Technology
27-March-2017 12:45 IST
More than 2 dozen companies want collaboration with India Post Payments Bank-Manoj Sinha 
Government has said that there are many companies who have approached the Department of Posts for collaboration with India Post Payments Bank. Replying to a question in the Rajya Sabha, the Minister of Communications Shri Manoj Sinha said that while the Department is in various stages of discussions with them, decision on formal partnerships will be taken after carefully evaluating the entire value proposition that they propose for the common man. The India Post Payments Bank had launched its two branches in Raipur (Chhattisgarh) and Ranchi (Jharkhand) on 30/01/2017 with basic products and banking services in partnership with Punjab National Bank.
Shri Sinha also said that the Payments Banks are different from regular Banks in the following fundamental ways as per RBI guidelines for Licensing of Payments Banks:
(i) Payment Banks are not allowed to undertake lending activities directly. It can accept demand deposits only that is savings and current accounts and will initially be restricted to holding a maximum balance of Rs. 100,000(Rupees one lakh only) per individual customer.
(ii) Payment Banks cannot accept Non Resident Indian (NRI) deposits.
(iii) The Payment Banks cannot set up subsidiaries to undertake non banking financial services activities.
A list of companies interested in partnering with India Post Payments Bank is attached at Annexure
 
Annexure A

List companies keen to partner with India Post Payments Bank.
1
YES Bank
2
Union Bank
3
Punjab National Bank
4
IDBI Bank (Industrial Development Bank of India)
5
SBI (State Bank of India)
6
Axis
7
Bank of Baroda
8
IDFC Bank (Industrial development finance company)
9
Deutshe Bank
10
Barclays Bank
11
Citibank
12
NABARD (National Bank For Agriculture & Rural Development)
13
HSBC (Hongkong and Shanghai Banking Corporation)
14
MICRO SAVE
15
Allahabad Bank
16
Indian Overseas Bank
17
Dena Bank
18
FIA (Financial Inclusion)
19
Kotak Mahindra Bank
20
United Bank of India
21
HDFC Life (Housing Development Finance Corporation)
22
Royal Sundaram
23
PNB Metlife (Punjab National Bank)
24
ICICI Lombard ( Industrial Credit and Investment Corporation of India Bank)
25
ICICI Prudential ( Industrial Credit and Investment Corporation of India Bank)
26
Bajaj Allianz Life

Central Government Employees Group Insurance Scheme, 1980 - Table of Benefits in respect of Savings Fund accumulations during 01.01.2017 to 31.03.2017





Source : http://utilities.cept.gov.in/dop/pdfbind.ashx?id=2310

NICL Recruitment for 205 Administrative Officers (Generalists) Scale I Notification

Posts: Administrative Officers (Generalists) Scale I

Total No. of Posts: 205 Posts

Educational Qualification: (as on 20.04.2017)
Candidate should possess certificate in proof of passing the qualifying examination as on 20.04.2017.
A candidate must possess the minimum qualification of a Graduate/Post Graduate in any discipline from a recognized University OR any equivalent qualification recognized as such by Central Government with at least 60% marks in either of the degree examination (at least 55% for SC/ST)
candidates.

Age Limit: Age as on 01.03.2017
Minimum Age: 21 years
Maximum Age: 30 years

Application Fee (Non-Refundable):
Payable on-line from 30.03.2017 to 20.04.2017 (both dates inclusive)


  • SC/ ST / PWD : Rs. 100/- (Intimation Charges Only) 
  • All candidates other than SC/ ST / PWD : Rs. 600/- (Application fee including intimation charges)

Selection Process: Candidates will be selected based on an interview.

How to Apply: Interested Candidates may Apply Online Through official Website.

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Apply Online: Click Here

Important Dates:

  • Starting Date of Online Application: 30-03-2017
  • Last Date to Apply Online: 20-04-2017
  • Payment of Application fees : 30.03.2017-20.04.2017
  • Date of online Examination – Phase I : 3rd / 4th June, 2017 (TENTATIVE)
  • Downloading of call letters for examination commences from : 10 days prior to the date of examination
  • Date of online Examination – Phase II : 2nd July, 2017 (TENTATIVE)

Probation and/or confirmation of Direct Recruit Postal Assistant/Sorting Assistant in Department of Posts-Qualifying test.







Source : http://utilities.cept.gov.in/dop/pdfbind.ashx?id=2306

7th Pay Commission: Lavasa panel might give report to FM today

"The panel's work is in its final stages," said a senior officer

A panel headed by former finance secretary Ashok Lavasa, tasked with examining the 7th Pay Commission (7th CPC) recommendations on allowances, might have its final meeting on Tuesday, followed by its report going to Finance Minister Arun Jaitley, Business Standard has learnt.
The matter will then go to the Union Cabinet, on revised allowances for 4.7 million employees.

Officials said most of the work on the report was complete. "The panel's work is in its final stages," said a senior officer.

If the minister accepts the report, it will only be a matter of days before the Cabinet takes up the matter. It is understood the Centre wants to give the revised allowances from early 2017-18.
In late June last year, after implementing the CPC proposals on salary and pension, Jaitley had announced the Lavasa panel would examine the suggestions on allowances. It had time till October but the report got delayed -- the CPC wanted a number of the allowances to be abolished or subsumed, while employee unions were opposed.
Some of the allowances the CPC had suggested be done away or subsumed were an acting allowance, assisting cashier allowance, cycle allowance, condiment allowance, entertainment allowances for the cabinet secretary, flying squad allowance, haircutting allowance, rajbhasha allowance, rajdhani allowance, robe allowance, secret allowance, shoe allowance, shorthand allowance, soap toilet allowance, spectacle allowance, Sunderban allowance, uniform allowance, vigilance allowance and washing allowance.
Of 196 allowances, the CPC report had recommended abolition of 52 and subsuming of another 36 into larger existing ones. A deferment on revising of allowances meant that as opposed to a burden of Rs 1.02 lakh crore as envisaged by the CPC, the government had provisioned for Rs 84,933 crore in 2016-17 for pay and pension, including Rs 12,000 crore in arrears.
There are other recommendations on allowances the panel is examining. These include a change in the present system of accounting, wherein pay and allowances are clubbed. The CPC recommended a separate object head for budgeting and accounting be used to record the expenditure.
.
Source:- Business standard

Death Claim settled within 20 days from the date of receipt

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
LOK SABHA

UNSTARRED QUESTION NO: 3931
ANSWERED ON: 27.03.2017.

Death Claims
G. HARI
Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:-
(a) whether the Employees Provident Fund Organisation (EPFO) proposes to settle PF money claimed after death of an employee within seven days from 20 days at present;
(b)if so, the details thereof;
(c)whether all the death cases claims will be given top priority and officers in charge at all EPF offices will personally monitor such claims on day-to-day basis; and
(d) if so, the details thereof?
ANSWER
MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI BANDARU DATTATREYA)
(a) & (b): As per paragraph 72(7) of the Employees’ Provident Funds (EPF) Scheme, 1952, the claim complete in all respects submitted along with the requisite documents shall be settled and benefit amount paid to the beneficiaries within 20 days from the date of its receipt by the Commissioner. The field offices of Employees’ Provident Fund Organisation (EPFO) have been directed to settle claims in cases of deaths within seven days of receipt of such claims.
(c) & (d): Yes, Madam. Public Relation Officer and officials in the Facilitation Centres of EPFO have been instructed to scrutinise the claim forms received in respect of death cases and guide the claimants for submission of all required documents in one go only. An official has been specially earmarked to handle such claims. Regional Provident Fund Commissioners have been directed to personally monitor the death cases on day-to-day basis.