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Showing posts from 2012

Three online EPF services you should use

For a salaried employee, Employees’ Provident Fund (EPF) is one of the main investment vehicles for building a retirement corpus. Unfortunately, other than the return on investment and tax incentives that EPF offers, the system is fraught with administrative bugs that make this vehicle painful to track. But if the developments in the last couple of years are any indication, things are gradually changing for the better.  You don’t need to wait for the EPF ... Read more...

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 ... Read more...

These incomes are not taxed

Although the tax man has been vested with the task of collecting taxes on the incomes of the citizens, he has deemed certain kinds of incomes as “not included in total income”. Thus, if any earning that you receive falls under these categories then you don’t have to treat it as income or pay tax on it. Let’s take a look at the different incomes that are not incomes http://www.staffcorner.com/view.html?id=386001

EL and HPL to industrial employees

EL and HPL to industrial employees egarding extension of revised orders on encashment of Earned Leave and Half Pay Leave lo industrial employees at par with the non industrial Central Government employees covered by the CCS (Leave) Rules. 1972  ... Read more...

Debate : Should the quota for promotions bill be scrapped

The proposal to amend the Constitution to remove all residual legal obstacles to providing for reservations for Schedule Castes and Scheduled Tribes in promotions in government service is a dangerous perversion. When the Constitution was being drawn up, its framers intended reservations for Scheduled Castes as a temporary measure for 10 years and …… Read more……….

NFPE urges for protest demonstrations against abolition of vacancies

As per Government of India orders on Downsizing of Central Government Services, Screening Committee for filling up/abolition of posts was constituted in the year 2001 and Annual Direct Recruitment (ADR) plan was approved by the Screening committee for each year from 2001 to 2008.  Screening Committee cleared only … Read more…

5 things to do before you retire

Planning for retirement and doing something about it is something that most youth and elders detest. For the youth there is no incentive to plan for something that will come up 35 years later … Read more…

Winter session ends; Quota bill stuck in Lok Sabha

Repeated adjournments and disruptions on Thursday marred the proceedings in the Lok Sabha, which was adjourned sine die later in the day, with the bill to provide reservation for the SCs and STs in government job promotions, getting blocked by BJP and Samajwadi Party members.The bill, supported vigorously by Mayawati’s BSP, got through the Rajya Sabha on Monday amid protests and walk-out by the SP .... read more...

Quota bill turmoil, LS adjourned for the day

Lok Sabha today saw the unfortunate incident of the Samajwadi MP Yashvir Singh snatching the quota bill from minister of state for personnel V Narayanasamy in the Parliament. Ms. Sonia Gandhi tried to take back the bill from the SP member but he managed to pass it onto another member Neeraj Shekhar. In the shocking incident, a Samajwadi Party member stunned the Lok Sabha this afternoon snatching t .... read more...

OROP : Orders authorizing payment will be issued next month

Defence Minister Shri AK Antony today said that the orders on OROP that authorize the payment to ex-servicemen and their families accruing from the recent cabinet decisions, hiking pension and other benefits amounting to nearly Rs.2300 crores per annum, would be issued next month. He said that the tasks of improving the pensionary and medical benefits for ex-servicemen as ‘subjects .... Read more...

Quota Bill : SP's Muslim reservation demand dirupts Parliament

Both houses of parliament were disrupted on Monday as Samajwadi Party (SP) members voiced their protest over the bill on reservations in government job promotions for Scheduled Castes and Scheduled Tribes and implementation of the Sachar Committee report on minorities.Ahead f the Rajya Sabha vote on the controversial quota bill, SP member Ram Gopal Yadav in the upper house called for implementati .... Read more...

Reply on reservation in promotion in Lok Sabha

Minister of Personnel, Public Grievances & Pensions Shri. V. Narayanasamy replied to a question in Lok Sabha on 12th December 2012 regarding the subject of reservation in promotion. In his written reply, reservation is available to Scheduled Castes and Scheduled Tribes at the rate of 15% and 7.5%, respectively, in all Groups viz. A, B, C (including erstwhile Group D posts) in case of promotion by non- … Read more…

Unknown virtues of new pension scheme

The Central government has made it compulsory, the New Pension Scheme (NPS) for its employees, who have joined service after April 1, 2004. It went operational in 2008-09. National Pension System (NPS) is an initiative of Pension Fund Regulatory and Development Authority (PFRDA), the apex body established by Government of India to regulate … Read more…

Will the quota bill make it through the court

The controversial constitution amendment bill to provide quota in promotions for SCs/STs, has  finally made into the Rajya Sabha. The bill appears to have been caught between legality and political compulsions. Though all major political parties except Samajwadi Party and Shiv Sena are supporting this bill, MPs across party lines concede that it may run into trouble if challenged in a court … Read more…

Quota bill introduced in RS. Voting likely on Monday

It was a day of high drama in Parliament as the quota bill was introduced and discussed in the Rajya Sabha amid loud protests and adjournments. Creating chaos in the House over the issue was the Samajwadi Party (SP), which went on to stage a walkout over the issue, even as Bahujan Samaj Party (BSP) chief Mayawati gave a strong push to the bill, seeking passage of the amendments.During the proceedi .... read more...

OROP : MoS reply ar Rajya Sabha

Government constituted a Committee in July, 2012, headed by Cabinet Secretary for looking into the pay and pension related issues of relevance to Defence service personnel and Ex-servicemen. The Committee submitted its report on issues namely OROP-Bridging the gap in … read more…

One million employees took part in the 12-12-12 strike

Nearly Ten lakhs Central Government employees took part in the one day token strike today, the 12th December, 2012 on the call of the Confederation of Central Government employees and workers, paralyzing the governmental functions in various departments throughout the country. The strike was to protest against the continued efforts of the Government to enact the PFRDA Bill, whereby the existing d .... read more...

Article : Rationale behind demand for 7th Pay Commission

Due to no response from the Central Govt. to the proposal for a fruitful discussion on a 15-point charter of demands which includes revision of wages from January 01, 2011 by setting up of 7th Central Pay Commission(CPC) and Merger of 50% DA with Pay submitted to the Prime Minister by the Confederation of Central Government Employees and Workers on July 26, the latter has warned of a one-day’s .... read more...

Maya threatens govt for quota promotion bill, Samajwadi vows not to pass it

BSP threatened to take a “tough stand” in case the government does not help bring order in the Rajya Sabha and ensuring the promotion quota bill is passed. The BSP appeared to be asking for the return of the favor done by helping the government pass the FDI billAt the same time the members of the Samajwadi Party forced adjournment of the Rajya Sabha for the day Monday, minutes after Minister of St .... read more...

CGE to get bigger and better quarters

The quarters of central government employees are set to become bigger and better.Ahead of the election season, the urban development ministry is planning to not just increase the houses' areas by an average of 25 per cent but also fit them out with modular kitchens and electric chimneys. The last time the housing norms were revised was in 1981.During Janata Party rule in 1977, the government had a .... read more...

Guidelines for monitoring and expeditious disposal of the disciplinary proceeding cases

Instructions have been issued in the past for expeditious disposal of disciplinary proceedings against delinquent government servants. However, it has been observed that disciplinary proceedings are generally taking a long time which defeats the very purpose of initiating the said proceedings. Therefore, it has been considered necessary to issue the following guidelines for monitoring and expeditious disposal of disciplinary … Read more…

Taxes on Leave Encashment

Normally every employee is entitled to certain number of leaves per month/annum. If this leave is not availed then unutilized leave either get lapsed or get carry forward and at the time of retirement/otherwise or on leaving the employer, pay equivalent to leave remaining unutilized in the employee account will be paid to employee … Read More

LTC for the newly recruited CGEs

Leave Travel Concession for Central Government employees in general provides for reimbursement of fare entitled to the employee and his / her family concerned for the travel to home town twice in four years or to a place any where in India in lieu of one home town travel concession once in four years … Read more

Some common guidelines on Deputation/Foreign service within India

SOME COMMON GUIDELINES ON DEPUTATION/FOREIGN SERVICE WITHIN INDIA Central Government employees are allowed to go on deputation to ex-Cadre posts under the Central Government or State Governments and on Foreign Service terms to Public Sector Undertakings and Autonomous Bodies. Deputation or Foreign Service cover only those appointments that are made by transfer on a temporary basis provided the transfer is outside the normal field of deployment (to be decided by the authority which controls the service or post from which the employee is transferred) and is in the public interest… Read more

Confederation publishes the detailed note on 15 Point Charter of Demands

Item No. 1. Revision of wage with effect from. 1.,01..2011. The present wage structure of the Central Govt. Employees has been made on the basis of the 6th Central Pay Commission’s recommendations.  The 6th CPC introduced a new concept in the form of Pay band and Grade Pay.  The recommendations of the Commission were implemented with effect from 1.1.2006 in the case… Read more

CGEA&W strike on December 7

Central government employees will go on strike on December 7 to highlight their demands. The Central Government Employees Association and Workers (CGEA&W ) has constituted a five-member flying squad to make the strike successful, Sharad Prakash Agarwal, general secretary, CGEA & W, said on Thursday. The squad would go to all the departments and chalked … Read more

Can a pensioner claim rebate for House rent paid ?

To claim HRA rebate first a major condition ( Read : Things You Should Know About HRA and Tax Benefits ) is assessee should have received House Rent allowance from employer and he should have paid rent for House taken on rent.The amount of HRA exempted under section 10(13A) read with rule 2A is least of the following ….. Read more

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 …. Read More

The fact : Just tag, no benefits for paramilitary personnel

The Union Home Minister Sushil Shinde has yesterday announced that the retired paramilitary personnel will be granted status of "ex-servicemen". Lakhs of serving and retired paramilitary personnel were overjoyed by this announcement. But what is the reality?The first point to note is that they will be granted the status of "ex-servicemen" and not "ex-servicemen". .... read more...

AI CPI-IW at 215; 80% DA likely from Jan 2013

The All-India CPI-IW for September, 2012 was announced yesterday. It rose by 1 point and pegged at 215 (two hundred and fifteen). On 1-month percentage change, it increased by only 0.47 per cent between August and September as compared with 1.55% between the same months a year ago. The largest upward contribution to the change in current index came from food items which increased by 0.87 per cent, .... read more...

AI CPI-IW at 215; 80% DA likely from Jan 2013

The All-India CPI-IW for September, 2012 was announced yesterday. It rose by 1 point and pegged at 215 (two hundred and fifteen). On 1-month percentage change, it increased by only 0.47 per cent between August and September as compared with 1.55% between the same months a year ago. The largest upward contribution to the change in current index came from food items which increased by 0.87 per cent, .... read more...

Cabinet approves 2300 crore for meeting demands of ex-servicemen including OROP

The Union Cabinet has approved the recommendations of the Committee headed by Cabinet Secretary for benefits to ex-servicemen on four issues. The financial implications of the improvements made as per the Cabinet decision on the four items are broadly estimated at Rs.2300 crore per annum. The details are as follows:I. One Rank One Pension:On One Rank One Pension, the demand of the Defence Force .... read more...

Amendment in Employees Provident Fund

In exercise of the powers conferred by section 5, read with sub-section (1) of section of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 (19 of 1952). the Central Government hereby makes the following Scheme further to amend the Employees’ Provident Funds Scheme, 1952, namely: http://www.staffcorner.com/view.html?id=341001

Cabinet Approves 78 days PLB for the Railway employees

The Union Cabinet on today approved the the Ministry of Railways proposal for payment of Productivity Linked Bonus (PLB) equivalent to 78 days wages for the financial year 2011-12 for all eligible non-gazetted railway employees. http://www.staffcorner.com/view.html?id=324001

Railway non-gazetted employees likely to get 78 day PL Bonus

The railways is likley to announce 78-day wages as bonus for its employees for the year 2011-12. “The proposal for declaring 78-day productivity linked bonus (PLB) for railway employees is being finalised and it would be taken up by the Cabinet on October 18 for a final decision. http://www.staffcorner.com/view.html?id=317001

Railway Ministry requests Finance Ministry to increase IT exemption for TA upto 3200 + DA

GOVERNMENT OF INDIAMINISTRY OF RAILWAYSRAILWAY BOARDNo. F(X) I-2012/23/9New Delhi, Dated: 10.10.2012.OFFICE MEMORANDUMSub:-Exemption of Transport Allowance from the purview of Income Tax -Enhancement of exemption limit from Rs.800 to Rs.3200 plus D.A. thereon.   The undersigned is directed to draw the attention of the Ministry of Finance (Department of Revenue) Central Board of Dir .... read more...

ACPS for the CG Civilian Employees regarding

The undersigned is directed to invite reference to the Department of Personnel & Training (DOP&Tys Office Memorandum of even number dated 09.08.1999 with regard to the Assured Career Progression Scheme for the Central Government Civilian Employees. Pa …. http://www.staffcorner.com/view.html?id=297003

Non-Productivity Linked Bonus order issued

The Department of Expenditure, Ministry of Finance has issued office memorandum regarding the grant of non-productivity linked bonus (ad-hoc bonus) to the central government employees for the year 2011-12. The bonus will be equivalent to 30 days emoluments for the accounting year 2011-12 to the Central Government employees in Groups 'C' and 'D' and all non-gazetted employees in Group 'B', who are .... read more...

NPS : Cabinet approves amendmended PFRDA Bill with option of Minimum Assured Return

The union cabinet today approved the introduction of certain official amendments to the Pension Fund Regulatory and Development Authority (PFRDA) Bill, 2011 that allows the subscriber seeking minimum assured returns to opt for investing his funds in such schemes providing minimum assured returns as may be notified by the Authority.These official amendments have been necessitated in view of the rec .... read more...

Cabinet approves hike in risk, hospital care allowance

The cabinet today approved revision of rates of Hospital Patient Care Allowance and Patient Care Allowance and Risk Allowance entitled central government employees. The rates are to double from existing rates with effect from September 1, 2008The revision of the risk allowance given to central government employees engaged in hazardous duties across the country will result in conside .... read more...

Cabinet clears Rs. 2300 crore One rank One Pension

After the DA/DR hike announcement, its another bonanza for the ex-servicemen. The union government has set aside Rs 2,300 crore for the implementation of the one-rank-one-pension - a demand that has been pending for years. This has been a major irritant between the armed forces and the bureaucracy.In recognition of this demand, the Prime Minister in his Independence Day address this year, had ment .... read more...

Dearness Allowance hiked by 7% to 72%

The Prime Minister Dr. Manmohan Singh led Cabinet Committee on Economic Affairs (CCEA) met today evening and cleared the dearness allowance hike. The meeting which supposed to take place last Friday was postponed due to political reasons. The hike will be 7 per cent and the new DA will be 72 per cent of the basic pay for all central government employees. The hike will be effective from July 1, 201 .... read more...

Oops.. The Cabinet meeting on DA hike postponed to next week

The meeting of the Union Cabinet, which was scheduled to consider the DA hike for the central government employees and pensioners, has been put postponed to next week. "The Cabinet, CCEA (Cabinet Committee on Economic Affairs) and CCI (Cabinet Committee on Infrastructure) meetings scheduled for Friday, have been postponed," an official announcement said. Cabinet meetings are supposed to take place .... read more...

Cabinet likely to approve DA hike (7%) on Friday (21st Sept, 2012)

The Union Cabinet is likely to approve the hike in the dearness allowance of the employees and pensioners, on Friday. Once approved, the dearness allowance for the employees and the dearness relief for pensioners will become effective from July 1, 2012. It may take few more days for the issue of the order by the  Finance Ministry.The hike, which is calculated based on CPI-IW is supposed to b .... read more...

Performance Related Incentive Scheme (PRIS) accepted by Government

Posted under  News  on 31 Aug,12 2:08p.m. The Government has proposed to give performance-based initiatives to its employees to boost their efficiency and productivity. "Government of India has accepted in principle the recommendation of the Sixth Pay Commission for introduction of a Performance Related Incentive Scheme (PRIS)  (Read : 6th CPC : Chapter 2.5 on Performance Related Incentive Schemes) in the form of pecuniary benef .... read more...

HRA Eligibility during CCL exceeding 180 days reg

The Ministry of Finance has issued an office memorandum regarding the eligibility of HRA during the Child Care Leave (CCL), especially when taken in continuation of Maternity Leave of 180 days. As per rules a Government servant is entitled to draw HRA during total leave of all kinds not exceeding 180 days and only for the first 180 days of the leave if the actual duration of leave exceeds that pe .... read more...

बाल देखभाल छुट्टी (सीसीएल) के दौरान मकान किराया बत्ते की पात्रता

वित्त मंत्रालय ने बाल देखभाल छुट्टी (सीसीएल) के दौरान मकान किराया बत्ते (एचआरए) की पात्रता के बारे में एक कार्यालय न्जापन जारी किया है. नियमों के अनुसार किसी सरकारी कर्मचारी कुल १८० दिन से अनधिक छुट्टियों और या छुट्टियों १८० दिन से ज्यादा हैं तो पहले १८० दिन को दौरान मकान किराया बत्ते (एचआरए) मिलेगे. जब छुट्टियों १८० दिन से ज्यादा हैं तब मकान किराया बत्ते (एचआरए) मिलने को O.M. No.2(37)-E .... आगे पढ़ें ......

Reservation in promotion : Fearing court, Govt. to amend constitution

As a consequence of the letter by the attorney general that the proposed quota for SCs/STs in promotions can be challenged in courts, the Centre has decided to remove of two critical clauses from the constitution in Parliament. These clauses can make it easy to be challenged in the court.The government will recommend the removal of the term “inadequate representation”, as mentioned in Article 16 ( .... read more...

प्रमोशन में आरक्षण सुप्रीम कोर्ट में नहीं टिक पाएगा : अटॉर्नी जनरल

अटॉर्नी जनरल गुलाम ई वाहनवती ने नौकरी पदोन्नति में अनुसूचित जातियों और अनुसूचित जनजातियों के लिए आरक्षण पर कानून मंत्रालय को लिखा है कि प्रस्ताव कानूनी तौर पर संभव नहीं है। सूत्रों का कहना है कि वाहनवती ने विधि मंत्रालय से कहा है कि पदोन्नति में अनुसूचित जातियों और अनुसूचित जनजातियों के लिए आरक्षण सुप्री ….. और अधिक पढ़ें

AK Antony's reply on anomalies at RS

Recommendations of the Sixth Central Pay Commission and several improvements made thereon by the Government have been largely well received by the armed forces personnel including ex-servicemen. Some issues regarding service conditio ... read more...

CCS Leaves available

The Government of India have made provisions under CCS Leave Rules for certain type of leave available to all the Central Government Civilian employees, to meet their Family, medical and Social liabilities. Types of Leaves: Earned Leave(EL) H…. http://www.staffcorner.com/view.html?id=214003

PM's speech : No hopes, Fails to inspire, No announcement on one rank one pension

Contrary to the expetations that Manmohan Singh is likely to make grand announcement from the ramparts of New Delhi’s Red Fort on Independence Day 15 August on resolving the pay related issues including the on rank one pension for the defense personal, nothing specific was made. Altogether the PMs speech failed to create any hope. Rather it was like an admittance of failure. He mentioned that .... read more...

प्रधानमंत्री का भाषण: उम्मीद नहीं, प्रेरित करने में विफल और एक रैंक एक पेंशन पर कोई घोषणा नहीं

उम्मीद था कि मनमोहन सिंह ने नई दिल्ली के लाल किले की से 15 अगस्त को स्वतंत्रता दिवस पर एक रैंक एक पेंशन और अन्य भुगतान संबंधित मुद्दों पर कुछ घोषणाअ करेंगे. लेकिन कोई घोषणा नहीं बनाया गया था.कुल मिलाकर प्रधानमंत्री के भाषण कोई उम्मीद बनाने में विफल रहा है. बल्कि यह असफलता की स्वीकृति की तरह था. उन्होंने कहा कि कम वृद्धि और मुद्रास्फीति देश के लिए बड़ी समस्या है. वह भी खराब मानसून के कारण मु .... आगे पढ़ें ......

Bill for quota to SC/STs in promotions to be introduced

Govt is planning to introduce bill for quota to SC/STs in promotions. This was announced by Minister of state for PMO V Narayansamy at the Upper House. He said that the bill will be brought in this regard on August 22 after an all-party meeting, which will discuss the issue on August 21.The Lok Sabha was totally disrupted minutes after convening today as members vociferously demanded that governme .... read more...

Holidays 2013 - Corrigendum

A correction to the holiday list for central government offices durin 2013 has been issued via an OM which is given below.The list of Holiday can be found here F.No.12/4/2012-JCA2Government of India Ministry of Personnel, Public Grievances and Pensions(Department of Personnel & Training)North Block, New DelhiDated the 3″ August, 2012CORRIGENDUMSubject: Holidays to be observed in Central Go .... read more...

FAQ on NFU issued by DOPT

FAQ on NFU issued by DOPT Posted under News on 07 Aug,12 8:39p.m. S.No Point of doubt   Clarification  1What are the recommendations of 6th  CPC for grant of Non-Functional Upgradation to for Officers of Organized Group 'A' Services? The  Government  should,  consider batch-wise parity while empanelling and /or posting at Centre between respective batches of IAS and other organized Group A se .... read more...

Employees in Kerala to get Salary on August 27

Department of Expenditure under the Ministry of Finance decided to Disburse Salary, pension, wages for the month of August 2012 to Central Government Employees and Pensioners in Kerala in advance on 27th August, 2012. This decision is due to the Onam Festival. This year Onam falls on 29th August, 2012. So the Central government decided to disburse salary a little bit early to its employees in Kera .... read more...

AICPI (IW) for June increases by two points, stands at 208. DA to be 72% from July

AICPI (IW) (All-India Consumer Price Index Numbers for Industrial Workers on Base 2001=100) for the month of June 2012, has been published by Government today. AICPI (IW) has increased from 206 to 208.This makes the complete set of indexes for the calculation of the dearness allowance available. Based on this the DA from July 2012 will be 72%. The index for the last month was not very significant .... read more...

Discussion : Chidambaram back at Finance Ministry. How does it matter we employees?

Chidambaram is back at the Finance Ministry. So what can we expect from him? Tax cut? other sops?Chidambaram’s thrid tenure as the finance minister came at a time when the country’s economic growth has plunged to a nine year low, inflation remaining high, low rupee rates, interest rates peaking and global economic uncertainty.. The failure to control subsidy coasts have started international commu .... read more...

Last date for filing tax returns extended to August 31

The Central Board of Direct Taxes (CBDT) on Tuesday extended the deadline for filing income tax returns for assessment year 2012-13 to August 31. 2012. The earlier deadline was July 31, 2012.CBDT said it was extending the deadline given the disturbance in routine life due to failure of power as well as the fact that e-filing has now been made mandatory for individuals and Hindu Undivided Family ( .... read more...

Antony pitches again for Defense Staff and Pensioners, writes to PM

The Defense Minister A. K. Antony had written to the PM in strong words about the discontent among the defense personal over the pay. In the letter written on June 25th, he has written that there is "growing discontent" among armed forces personnel over anomalies in pay-related matters. He also warned in the letter that the issues may take a bad turn if corrective actions are not taken. He also po .... read more...

A reminder for submitting your returns–Last Two Days

Step-by-step guide to efiling your IT returns online - http://goo.gl/VyI5o Things to note while filing income tax returns - http://goo.gl/6UlpA Avoid common mistakes in filing income tax return - http://goo.gl/MVhgl

Confederation Memorandum to the Prime Minister

Dated: 26th July 2012ToThe Honourable Prime Minister,Government of India,South Block,New Delhi. 110 001Dear Sir,More than 15,000 Central Govt. Employees from all over the country representing various affiliates of the Confederation of Central Government employees and workers have marched to Parliament today  to present this Memorandum containing a brief note on the 14 point Charter .... read more...

Confederation of CGE Parliament march on 26th on various demands.

Confederation of Central Government Employees has proposed a march to Parliament on 26th of this month on the major issues of the Central Government Employees and Pensioners. The Confederation had putforth the following charter of 14 demands .Stop price rise and strengthen the PDS.Stop Outsourcing, Contractorisation, corporatization and privatization of   Governmental functions.Fill up v .... read more...

Cost of Owning a Home

Its important to understand the cost of owning a home as it is not simple the sqft rate multiplied by the area. The buyer has to understand all the associated cost to mobilise the amount. The various components are given below …. Read More

Service chiefs discuss today on Pay, Pension & One Pension One Rank issue.

The three Service chiefs, led by Chairman of the Chiefs of Staff Committee, Naval chief Admiral Nirmal Verma, will today meet the Committee of Secretaries to discuss upon strong demands from armed personnel and ex-servicemen for One Rank One Pension and to push for their demands further.The other core issues that the Service chiefs will push for are fixation of the rank pay, fixation of pay struct .... read more...

Advantages of second home loan : Unlimited IT exemption on Interest paid

Its a well understood fact that the investment in a house is one of the investments that brings in high returns. In addition to the appreciation on the real estate value, the income tax exemption benefits brought in by the home loan is also considerable. Many of us might have availed the home loan considering this benefit …. Read more…

Points from National Anomaly Committee meeting on 17.07.2012

The following are the few points from the NAC meeting held on 17 July, 2012.In case the employee is promoted in same grade pay, he/she will get one extra increment.The issues for giving MACP & special increment will be resolved sympathetically & orders will be issued within a month as per commitment of Secy./NAC & DOPT chairman.The employees promoted to Grade Pay of Rs. 4600 or R .... read more...

National Anomaly Committee meeting Today / Minutes of the last Meeting

The Meeting of the National Anomaly Committee will be held today i.e. 17th July, 2012 at 3.00 PM. The last Anomaly Committee Meeting held on on 5 January was adjourned and scheduled to be conducted today.The agenda for the meeting :http://www.staffcorner.com/view.html?id=163001The minutes of the last meeting is given below.The following are the important issues disc .... read more...

Committee to be constituted to look into pay and pension related issues of defence personnel/ex-servicemen

The Government has decided to constitute a Committee, under the chairpersonship of Cabinet Secretary, to look into pay and pension related issues of relevance to defence services personnel and ex-servicemen. The other members of the Committee will be:(i) Principal Secretary to the Prime Minister(ii) Defence Secretary(iii) Secretary, D/o Expenditure(iv) Secretary, D/o Ex-Servicemen’s Welfare(v) Sec .... read more...  

Destinations @ Kashmir : Make most out of your LTC

  The Government has extended the LTC relaxation to the Jammu and Kashmir, enabling you fly to the state and experience the paradise. Kashmir is a land of myriad seasons and it changes the hues of landscape with the seasons. Burgeoning with magnificent scenery, unique experience in Houseboat staying, Shikara riding, Mughal Gardens, floating vegetable Gardens and host of adventure activities, this enchanting valley is always lavishly beautiful and a favored destination for tourists from all walks of life. Incredible beauty of nature, innate appeal, blissful ambiance and misty cool air of Kashmir satiate inner soul of every traveler and persuade them to visit this land again and again. Find out the destinations http://www.staffcorner.com/view.html?id=146001

LTC relaxation to Jammu and Kashmir also extended by 2 years

The government has issued an office memorandum, extending the relaxation for LTC travel to visit J & K under CCS (LTC) Rules. This will allow all central government employees to travel to Jammu & Kashmir by air irrespective of their eligibility, using either Air India or private airlines. But, they can travel only in 'Economy Class', irrespective of their entitlement. The move expect .... read more...

RBI stops pre closure charges on home loans

The RBI has issued a notification preventing the charging of penalty on the pre-closure of home loans with floating interest. The banks were charging around 3% penalty on the outstanding loan amount for closure of the loan before the tenure. This move by RBI enables the customer to switch to another bank offering a lower interest rate. The notification comes with immediate effect. Removal of such .... read more...

CPI-IW stands at 205 / DA from July 2012 to be 7%

All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of April, 2012 increased by 4 points and stood at 205 (two hundred five). An increase by four points shows considerable price increase for essential items causing the burden for common man. It was in July 2011 the index raised by 4 points last time.The point to point rate of inflation based on CPI- .... read more...

Austerity measures back, ban on new posts.

"There will be a total ban on holding of meetings and conferences in five-star hotels...Purchase of vehicles is banned until further orders," said an office memorandum issued by the Ministry. On foreign travel, it said, the size of the delegation and the duration of the visit be kept to "absolute minimum". Finance Minister Pranab Mukherjee had earlier said in the Rajya Sabha that his Min .... read more...

Compassionate Appointments not a right : SC

The supreme court has made a ruling on Monday that claims cannot be made for appointments in government offices on compassionate grounds. The compassionate appointments is not a right and is applicable only in genuine cases, else it would be against the Constitution. The court rules that the public service appointments should be made strictly on the basis of open invitation of applications and me .... read more...

General Provident Fund interest rate hiked to 8.8%

The Finance Ministry has hiked interest rates on General Provident Fund (GPF) to 8.8%. This comes into effect from April 1, 2012. This move will benefit millions of Central Government employees who are subscribers to this fund.This interest rate of 8.8 per cent will apply for 2012-13 and is higher than the 8.6 per cent rate for the December 2011-March 2012 period and also the 8 per cent rate for A .... read more...

No proposal to extend CGHS to new cities

No proposal to extend CGHS to new cities When answering the question in Lok Sabha regarding the subject of CGHS covered cities, the Minister of Health and Family Welfare Shri.Ghulam Nabi Azad said that the at present no proposal to expand CGHS to new locations due to severe resource const Read

New Health Insurance Scheme for Government Employees under Consideration

There is a proposal for introduction of a health insurance scheme for the central government employees and pensioners on pan-India basis, with special focus on pensioners living in non-CGHS areas. The proposal is to make this scheme voluntary cum contributory for serving employees & pensioners. However, it is proposed to be made compulsory for the new entrants in Government service. The salie .... read more...

Empanelment of Annuity Service Providers for NPS

Empanelment of Annuity Service Providers (ASPs) for National Pension System (NPS) for providing annuity services to the subscribers of National Pension System. Subscribers to the National Pension System (NPS) will now have a choice of Annuity Service Providers, from whom they can choose their annuity schemes on their exit from NPS on attainment of 60 years of age. Pension Fund Regulatory and Deve .... read more...

LTC relaxation for North-East extended for 2 years

A DoPT memorandum has been issued extending the LTC relaxation norm for North-East for 2 years. According to the DoPT office memorandum dated April 30, 2012, the extension is for two years beginning May 1. The special concession for the North-East was first spelt out in May 2008, and it was extended again in 2010. North Eastern states compete with each other through innovative tourism campaigns to .... read more...

AICPIN for March 2012 and Dearness Allowance

The All-India Consumer Price Index Numbers for Industrial Workers on Base 2001=100 for the Month of March 2012 has been published and stands at 201 (two hundred one), an increase of two points from the previous month.The indices in respect of the six major centres are as follows :1. Ahmedabad – 2012. Bangalore – 2063. Chennai – 1874. Delhi – 1855. Kolkata – 1906. Mumbai – 204The point to point rat .... read more...

EPF interest rate will be raised to 8.6% this year

Interest rate on EPF will be increased to 8.6 per cent for the year 2012-2013. This will benefit around five crore EPF subscribers.The Labour & Employment Minister, Shri Mallikarjun Kharge informed the Rajya Sabha that as per para 60(1) of the Employees’ Provident Funds Scheme, 1952, rate of interest on the Employees Provident Fund is determined by the Central Government in consultation with the C .... read more...

What is a Repo Rate?

What is a Repo Rate? Whenever the banks have any shortage of funds they can borrow it from RBI. Repo rate is the rate at which our banks borrow rupees from RBI. A reduction in the repo rate will help banks to get money at a cheaper http://www.staffcorner.com/view.html?id=94001

Home, car loans to be cheaper

Reserve Bank of India (RBI) may cut the interest rates to boost economy at its annual credit policy. If this happens it will be the first rate cut by the RBI in three years. The inflation had eased for the month of March. India's inflation declined marginally to 6.89 percent in March as compared to 6.95 percent in the previous month.The RBI is widely expected to cut its main lending rate, the repo .... read more...

Repo rates cut

The Reserve Bank of India (RBI) today cut the repo rate by 50 bps to 8%. It left the CRR unchanged at 4.75%. Loans are likely to get cheaper. Even though the cut was expected, the cut was expected to be 25bps. The cut of 50 bps has come as a surprise. The Reserve Bank of India has cut the rates for the first time in three years. Since March 2010, the RBI had increased the interest rates thirt .... read more...

Office memorandum on enhancing the DA rates from January, 2012

The finance ministry has issued the office memorandum stating that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 58% to 65% with effect from 1st January, 2012.The OM can be read here  http://www.staffcorner.com/view.html?id=73002 .... read more...

Being aware of likelihood to commit crime is punishable, if not reported.

The times of India report on A. K. Antonys involvement in the Tatra truck deal makes it clear that it's not only about committing crime, but even withholding the knowledge of committing crime or even the knowledge of the likely hood of committing crime is punishable. Defence Minister AK Antony could face up to six months in jail if it is established that he was negligent in not reporting the allegation of bribery relating to the sale of Tatra trucks …. Read More

Consumer Price Index for February at 199

All India Consumer Price Index Number for Industrial Workers (CPI-IW) for the month of February, 2012 has been announced and stands at 199 (one hundred & ninety nine) increasing by one point from previous month. During February, 2012, the index recorded maximum increase of 5 points in Puducherry centre, 4 points each in Ahmedabad, Bangalore and Mariani Jorhat centres, 3 points in 4 centres, 2 poin .... read more...

EPF rates cut to 8.25

The government has cut the interest rate on the Employees' Provident Fund (EPF) by 1.25% to 8.25%for 2011-12, giving millions of salaried employees lower returns on their retirement fund, media reports said on Friday. The Employees' Provident Fund Organisation (EPFO) had provided 9.5 per cent interest rate to its subscribers for 2010-11 after it found Rs 1,731 crore surplus in its books of account .... read more...

Government can retire any Government servant after age of 50/55 years or 30 years of service

Rule 16(3) of the All India Services (DCRB) Rules, 1958has been amended on 31st January, 2012 which provides that the Central Government may in consultation with the State Government concerned, require a Member of the All India Service (AIS) to retire from Service in public interest, after giving such Member at least three month’s previous notice in writing or three month’s pay and allowances in l .... read more...

Government on the finishing stages of preparation of the guideline for performance based incentives to employees

The Government was working on guidelines to give performance based incentives to its employees.The Sixth Central Pay Commission has recommended the introduction of new performance based pecuniary benefit, over and above the regular salary, for Government employees. The benefit will be called Performance Related Incentive Scheme (PRIS) and will be payable taking into account the performance of the .... read more...

Budget : Dissapointment for the Salaried Class

The budget, which the salaried class was keeping much expectations was an absolute disappointment. The only relief was IT exemption being raised to just Rs 2 lakh. But the hike is very less compared to what the Standing Committee on Finance has recommended. The committee has recommended to the government that individuals earning between Rs 3 and Rs 10 lakh should pay 10% tax, those earning between .... read more...

Personal Income tax rates cut for various slabs

The Budget Tax and other HighlightsThe new tax rates:Upto Rs 2 lakh : NILFrom Rs 2 lakh to Rs 5 lakh at 10%,Rs 5 lakh to Rs 10 lakh at 20%,And beyond Rs 10 lakh at 30%.Health insurance deduction upto Rs 5000 for preventive health checkup.Interest income from banks tax-free upto Rs 10,000No advanced tax requirement for senior citizens .... read more...

Government mooting health insurance scheme focusing non-CGHS areas

Government said it was contemplating introduction of a health insurance scheme for central government employees and pensioners with special focus on non-CGHS areas.Stating this in a written reply to a question in the Rajya Sabha, Health Minister Ghulam Nabi Azad said the serving central government employees in non-CGHS areas are provided healthcare facilities under the CS (MA) Rules, 1994, but pen .... read more...

Employees can't be denied promotion arbitrarily: Delhi HC

Delhi High Court made a ruling that the Government employees cannot be deprived of promotion arbitrarily & without any reasonable ground.A bench of Justices BD Ahmed and VK Jain noted, "It is true that no employee has a vested right to promotion, but respondents (employer) cannot act arbitrarily and without any reasonable excuse defer the meeting of Departmental Promotion Committee (DPC) and, ther .... read more...

Educational allowance and hostel subsidy : Minimum age bar removed

Government has removed the minimum age bar for claiming educational allowance and hostel subsidy for their children. Earlier to avail the benefits the children have to be five year of above. The development fee paid to the school can also be reimbursed against tuition charges paid by them to schools."The Finance Ministry has given its nod and a circular in this regard has been issued to all d .... read more...

Minor hike tax in exemption limit on cards. Likely to be Rs 2 lakh

The government is likely to provide slight relief to individual income tax payers in the coming budget. The tax exemption limit is likely to be raised to Rs 2 lakh from the existing 1.8 lakh. The slabs for different tax brackets are also to be increased. There may not be different limit for the women. The changes are in accordance with the proposed Direct Taxes Code (DTC). The DTC Bill, currently .... read more...

Dearness Allowance at 65% from January 2012. DA hike of 7%

The Consumer Price Index Numbers for Industrial Workers on Base 2001=100, AICPIN, for the Month of December 2011 has been published by the labour ministry…. and stood at 197. The decrease in the prices of Onion, Vegetable & Fruit items, Primary and Middle School Fee and Books, etc. contributed to the decrease in the index value. The average index over the last 12 months calculates at 191.5 which effectively can be converted to dearness allowance of 65… Read More