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Showing posts from December, 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...
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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 incomeshttp://www.staffcorner.com/view.html?id=386001

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……….

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 regulateRead 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 courtRead 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 inread 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 disciplinaryRead more…