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Blog maintained by : P. Radhamohan Nair, Retired Private Secretary to Post Master General, Northern Region, Calicut, Kerala Circle

Monday, July 31, 2017

Rs 200 to be issued soon: Minister of State for Finance

With rumours of the Centre planning a withdrawal of the newly-introduced Rs 2,000 note doing the rounds, Minister of State for Finance Santosh Kumar Gangwar has said there was no news of its scrapping, adding the Rs 200 note will be in circulation soon.
"No news that Rs 2,000 will be scrapped," Gangwar told IANS in an interview.
"The reduction in printing of new Rs 2,000 notes is a separate issue. But that needs to be confirmed by the Reserve Bank of India (RBI). RBI will give information on Rs 2,000 notes," he added.
According to media reports, the government has stopped further printing of the recently printed Rs 2,000 notes.
On July 26, the issue was raised in Parliament when the opposition asked Finance Minister Arun Jaitley to confirm if the government was going to "demonetise Rs 2,000 notes" and if its printing had been stopped. The Minister had declined to reply.
Industry experts said the government was aiming to limit the circulation of high denomination Rs 2,000 note, which would remain a legal tender, but not demonetise it. The circulation of smaller denomination notes would be increased by introducing a new Rs 200 note.
Gangwar told IANS that Rs 200 note, printing of which had already begun, would be in circulation soon. The move to introduce Rs 200 note was to increase the circulation of smaller denomination notes, he added.
A top government official, on condition of anonymity, told IANS that the Rs 200 note would be introduced in the markets in August.
"The paper for Rs 200 notes was ready in the Mysuru paper mill in June. It should be in circulation next month," the official said.
The Mysuru paper mill is joint venture of Security Printing and Minting Corp of India Ltd (SMPCIL) and Bharatiya Reserve Bank Note Mudran, a wholly-owned subsidieary of RBI.
The Rs 200 new note was being printed in the RBI printing press. India has four currency note printing pressess -- two RBI presses at Mysuru (Karnataka) and Salboni (West Bengal) and two Security Printing and Minting Corp of India Ltd (SMPCIL) presses at Nashik (Maharashtra) and Dewas (Madhya Pradesh). SPMCIL is a public sector unit.
Lauding the introduction of Rs 200 note, a State Bank of India (SBI) report recently said that it would serve as the "missing middle".
"It seems that there has been a significant move towards relocating distribution of currency towards smaller denominations post demonetisation. However, while such a move is laudable and consistent with the long term vision of a less cash economy, we need to consider the following issues.
"Though the number of small denomination notes has increased, the mismatch caused by the presence of Rs 2,000 denomination straight after Rs 500 denomination is causing difficulties in exchanging the high denomination notes," the SBI Ecowrap report noted.
Source:-The Times of India

7th CPC – Revision of Pension of pre-2016 pensioners/family pensioners etc- Procedural actions for revision.




Implementation of recommendations of the 7th Central Pay Commission : DoP Order

File ITR by July 31, no extension proposed: Income Tax Dept

New Delhi, Jul 30 (PTI) The last date for filing of Income Tax Returns (ITRs) for the financial year 2016-17 will not be extended beyond tomorrow's deadline, a top official today said.
"The last date for filing of ITRs remains July 31. There are no plans to extend this deadline. The department has already received over 2 crore returns filed electronically.
The department requests taxpayers to file their return in time," the official said.
On reports of the e-filing website facing some glitches, the official said that no major glitches have been reported with the department's e-filing website-- http://incometaxindiaefiling.gov.in/--barring a few times when the portal was "interrupted for maintenance".
The department has also issued advertisements in leading national dailies in the last few days stating that taxpayers should disclose their income "correctly" and file their ITRs on or before July 31.
The linking of Aadhaar number with the PAN (Permanent Account Number) of a taxpayer has also been made mandatory for filing of an ITR, beginning July 1.
The department has also asked taxpayers to declare cash deposits made in bank accounts aggregating to Rs 2 lakh or more, post demonetisation between November 9-December 30 last year, in the ITRs.
The ITRs to be filed by July 31 pertain to 2016-17 fiscal or assessment year 2017-18.

e-Book issued by Rafi Ahmed Kidwai National Postal Academy (RAKNPA)

To view the copy of e-Book (June 2017 issue) published by RAKNPA, please CLICK HERE.   To turn the page, please CLICK at the bottom of right side page, so that next page will be opened automatically and to go back to previous page, click on bottom of left page. 

To view the copies of the previous months, please CLICK ON FOLLOWING.   

MAY 2017    APRIL 2017      MARCH 2017     

RAKNPA is issuing e-book every month and its copies can be viewed on cover page of India Post website. 

All members and track-in-viewers are requested to view the e-Book published by RAKNPA. It is very informative and useful. 

Employment News : 29 July to 4 August 2017

JOB HIGHLIGHTS

ALL INDIA INSTITUTE OF MEDICAL SCIENCES, BHUBANESHWAR
Name Of Post : Senior Residents
No.of Vacancies : 243
Last Date :30 days after publication
 
INDO-TIBETAN BORDER POLICE FOCE
Name Of Post : Constable (Tradesmen)
No.of Vacancies : 303
Last Date :07.09.2017
 
39 FIELD AMMUNITION DEPOT, C/O 56 APO
Name Of Post : Tradesman Mate and Fireman
No.of Vacancies : 323
Last Date :21 days after publication
 
ALL INDIA INSTITUTE OF MEDICAL SCIENCES, RISHIKESH
Name Of Post : Office Assistant, Technical Assistant Technician, Hospital Attendant Grade III
No.of Vacancies : 315
Last Date :06.09.2017
 
FOOD CORPORATION OF INDIA, HYDERABAD
Name Of Post : Watchman
No.of Vacancies : 271
Last Date :21.08.2017