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Thursday, January 31, 2013

Modified DTC Bill to be tabled. Will IT exemption go up - to 3 Lakhs?


The government is to come up with a modified Direct Taxes Code (DTC) Bill after incorporating the suggestions of the Standing Committee on Finance. One of the major suggestions is the raising of the annual income tax exemption limit to Rs. 3 lakh.This was announced by Shri Parthasarathi Shome, Advisor to the Finance Minister. He told that the Ministry is studying into the DTC Bill and working on ....

Tuesday, January 29, 2013

Repo rate cut : Home loans and auto loans to be cheaper


The Reserve Bank of India (RBI) cutting the repo rate by 25 basis points to 7.25%. With this home loans and auto loans are going to be cheaper. The rate cut will benefit the banking sector and this may in turn translate into a lowering of the EMI burden currently borne by home and auto loan borrowers. It is widely expected that banks will actually go ahead and reduce the Base  ate, which....

Check list for sending proposals to DOPT for framing/amendment of Recruitment Rules

In order to facilitate easy and early concurrence on proposal for framing / amendment of Recruitment Rules, a check list to be used while sending such proposals to this Department is enclosed. It is requested that all proposals for frarning / amendment Recruitment Rules...
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Revision of pension of pre-2006 pensioners

It has been decided that the pension of pre-2006 pensioners as revised w.e.f. 1.1.2006 in terms of para 4.1 or para 4.2 of the aforesaid OM dated 1.9.2008. as amended from time to time, would be further stepped up to 50% of the sum of minimum of pay in the pay band and the grade pay corresponding to the pre-revised pay scale from which the pensioner had retired, as arrived at with reference to the fitment tables annexed to the Ministry of Finance. Departm...
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Sunday, January 27, 2013

Full Video : Republic Day Parade 2013

Friday, January 25, 2013

Aadhar made compulsory for PF accounts. Existing users to get time

The government had earlier made Aadhaar letter issued by Unique Identification Authority of India, admissible as proof of address The  The new requirement will come into effect from 1st March, 2013.  The existing 5 crore provident fund subscribers...
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Special Reservation Cell in each Ministry / Department


Special Reservation Cell in each Ministry / Department

Wednesday, January 23, 2013

PFRDA publishes a revised list of required KYC documents

The PFRDA has published a revised list of Know Your customer (KYC) documents required for both entry and exit under National Pension System(NPS). 

This is based on the revised guidelines on obligations under PMLA, 2002 as amended by Prevention of Money Laundering (Amendment) Act. 2009 and also to bring in uniformity and align the KYC documents required for opening of accounts under NPS with those required by other financial sector institutions.   ...
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Tuesday, January 22, 2013

February Strike : Strike Notice to Cabinet Secretary

The Confederation Of Central Government Employees have served notice to the Cabinet Secretary for the strike planned on February 21 and 22, 2013. It has also issued request to issue the notice to all heads of the departments and office. The notice is ...
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Consolidated Instructions on compassionate appointment

The undersigned is directed to invite attention to this Department's O.M. No.14014/6/94-Estt(D) dated 09.10.1998 vide which Scheme for "Compassionate Appointment under Central Government" was issued. Subsequently a number of instructions on compassionate appointments under the Central Government have been issued. The content of important/relevant 0.Ms and orders on the subject have been further consolidated for the facility of reference and guidance and are being made available on this ...

Monday, January 21, 2013

Understanding Tax : Exemption and Deduction

Its the time for income tax calculations and we are faced with lot of tax jargons  Exemption and deduction are two common words some of us get confused with, and can’t differentiate between them. So, here is a simple explanation to figure out these terms. ...
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Sunday, January 20, 2013

A complete guide on last minute tax planning

Most of the salaried employees might have received a reminder from the HR for submission of proofs of tax saving investments.
Are you worried that you have not utilised all the tax saving provisions?
Are you staring at a huge tax deduction from March salary?
If you have already made the provisions and investments, then it's no big deal for you. But in case you are one of the late movers, time has come to make fast moves. ...
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February Strike : Charter of demands


The following are the charter of demands issues by the Confederation of Central Government Employees for Strike on 20th and 21st February 2013 published on the website...


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Saturday, January 19, 2013

On Budget 2013-2014 : Some predictions

Even if the upcoming one is UPA government’s last full budget before general elections, it may not be a populist one. We have seen the government making bold moves to bring the economy back on the tracks. The government has realized that good economics is better for votes than bad economics. It understands that populist actions may bring.....

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Friday, January 18, 2013

Post-2006 JCO/OR to get more pension

Government implements recommendations of the Committee of Secretaries 2012 on the issues related to Defence Pension for Ex-Servicemen and Defence Service Personnel....
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Improvement in pension of JCO/OR retired service prior to 1.1.06

Following representations from Armed forces Personnel and Ex-servicemen for implementing One Rank One Pension Government constituted a Committee of Secretaries headed by Cabinet Secretary to consider various issues on pension of Armed Forces personnel and Ex-Servicemen. After examining various factors relate to .......
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Thursday, January 17, 2013

Action against appointees by fake SC/ST/OBC certificates

Wherever it is found that a Government servant, who was not qualified or eligible in terms of the recruitment rules etc., for initial recruitment in service or had furnished false information or produced a false certificate in order to secure appointment, he should not be retained in service. If, he is probationer or a temporary Government servant, he should be discharged or his services should be terminated. If he has become a permanent Government servant, an inquiry as prescribed in Rule 14 of CCS(CCA) Rules, 1965 may be .....
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Wednesday, January 16, 2013

CGHS investigations at empanelled private centres : Procedure reg

Procedure for getting the diagnostic tests / investigations carried out at the CGHS empanelled private hospitals / diagnostic laboratories / imaging centres on a valid prescription issued by a CGHS Medical Officer / Government Specialist, without a referral / permission letter from the Department concerned or CMO-in-charge of CGHS Weliness Centre, as the case may be.....
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Central Civil Services (pension) Second Amendment Rules, 2012

In exercise of the powers conferred by the proviso to article 309 and clause (5) of article 148 of the Constitution and after consultation with the Comptroller and Auditor General of India in relation to persons serving in the Indian Audit and Accounts Department, the President here by makes the following rules further to amend the Central Civil Services (pension) Rules, 1972, namely:- ....
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Tuesday, January 15, 2013

Central Government Employees Group insurance Scheme-1980 : 2012 Benefits

The undersigned in directed to refer to this Ministry's O.M. No.7 (1)/EV/2012 dated 9th May, 2012 forwarding therewith Tables of Benefit under CGEGIS for the year 2012. New Tables of Benefits for the savings fund of the Scheme based on a subscription of Rs.10 per month from 1.1.1982 to 31.12.1989 and Rs.15 per month we.f.....
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NFIR Proposals for General Budget

The NFIR requests the llon’ble Finance Minister to kindly consider following proposals for inclusion in the General Budget-2013 which would provide relief to over 34 Lacs of Central Government employees (including 14 Lacs of Railway employees) and also other workers.

1.Annual income amounting to Rs.5 Lacs may be exempted from the purview of income tax in view of steep rise in prices of essential commodities....
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Regulation of tenure of the officers on Deputation

As per the Consolidated Deputation Guidelines circulated vide DoP&T’S OM No. AB¬14017/2/2007-Estt. (RR) dated 29.02.2008, the provision below Para 1.2 states that “if an officer moves from a Central Staffing Scheme post to a non-Central Staffing Scheme post, or vice versa, she/he shall be eligible for an additional tenure of two years, subject to at least two years on either post.”...
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Thursday, January 10, 2013

TA / DA / LTC Claims from booking from agency other than authorized agents


TA / DA / LTC Claims from booking from agency other than authorized agents

Rate of interest for purchase of conveyances during 2012-2013

Advances to Government servants - Rate of interest for purchase of conveyances during 2012-2013.

The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2012-2013 i.e. from 1st April, 2012 to 31st March, 2013 are revised as under:...
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Tuesday, January 8, 2013

Fixation of seniority for promotion of Steno Gr ‘D’ to PA of CSSS



No.5/10/2012-CS – II(C)Government of IndiaMinistry of Personnel, Public Grievances and PensionsDepartment of Personnel and Training3rd floor, Lok Nayak Bhawan,Khan Market, New Delhi-110003.1st January, 2013.OFFICE MEMORANDUMSubject: Fixation of ‘range of seniority’ for promotion of Stenographers Grade ‘D’ to Personal Assistant (PA) Grade of CSSS for the Select List Year 2011.   The under....

Monday, January 7, 2013

Fixation of pay on promotion to a post carrying higher duties and responsibilities but carrying the same grade pay

Rule 13 of the CCS(RP) Rules, 2008, which provides for the method of fixation of pay on promotion on or after 1.1.2006 in case. inter-alia, of promotion from one grade pay to another. The Rule provides for fixation of pay by way of addition of one increment equal to 3% of the sum of the pay in the pay band and the existing grade pay (rounded off to the next multiple of 10)to the existing pay in the pay band and ...
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Saturday, January 5, 2013

New Product : LIC’s Flexi Plus


LIC’s Flexi Plus is a unit linked assurance plan, which not only provides a lump sum benefit on death but also the maturity benefit irrespective of the survival of the Policyholder. This plan is specially designed for you to provide a very good combination of protection and long term savings and als...
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Confederation of CG Gazetted Officers Org. passes resolution for 7th Pay Commn.

The Confederation of Central Government Gazetted Officers’ Organizations, Tamil Nadu Region have passed a number of resolutions. Oone of the main one is the Revision of wages of Central Government Employees w.e.f ...
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Friday, January 4, 2013

Unions urge for Constitution of the Seventh Pay Commission announcement in the Budget


Pressing for a people-friendly Budget for 2013-14, trade unions today urged Finance Minister P Chidambaram and his team to announce the constitution of the seventh pay commission along with raising the income tax threshold to Rs 5 lakh in a year from the present Rs 2 lakh. The demand was raised by the unions at a pre-Budget consultations in the North Block, even as the government is struggling har....

Thursday, January 3, 2013

Weekly dedicated day for pensioners in person at Department of Pension and Pensioners' Welfare offices


Department of Pension and Pensioners' Welfare, Ministry of Personnel, P.G. and Pensions has issued a OM stating that a dedicated day in a week will be available for the pensioners to meet the concerned officers....

Tuesday, January 1, 2013

All-India CPI-IW for November stands at 218, 80% DA likely from Jan '13

The All-India CPI-IW for November, 2012 was announced yesterday. It rose by 1 point and pegged at 218 (two hundred and eighteen). On 1-month percentage change, it increased by only 0.46 per cent between August and September as compared with 0.51% between the same months a year ago. ...

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