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Showing posts from March, 2015

7th CPC implementation likely to be from April 2016

The Seventh Pay Commission drafted in to make a new pay structure for the 30 lakh Central government employees would not be able to submit its report in August this year, the Commission is likely to seek extension till October . ........ Read more......

NPS to Give Extra Tax Deduction of Rs. 50,000: 10 Things to Know

Finance Minister Arun Jaitley in Budget 2015-16 introduced an additional income tax deduction of Rs. 50,000 for contribution to the New Pension Scheme (NPS) under Section 80CCD. NPS is a voluntary pension scheme, which is regulated by the Pension Fund Regulatory and Development Authority . ........ Read more.......

Is NPS better than EPF?

The NPS is more complicated than EPF, but it may ensure a sufficient retirement kitty If there’s one investment option that has received generous tax breaks in the Budget, it is the National Pension System (NPS). In a watershed move, the Finance Minister has also announced that employees in the organised sector will now be able to opt out of  ........... Read more........

Govt. reduces prices of 509 essential drugs

It was informed in the Parliament, that the National Pharmaceutical Pricing Authority (NPPA) has fixed the ceiling price of 509 essential medicines. The act will lead to a reduction in rates by above 40 per cent in case of 127 drugs . ....... Read more........

Joint Council of Action South Zone organizes protest

Members of the Joint Council of Action South Zone which represents employees from the Railway, Defence, Postal and other Central Government departments organised a protest meeting near the Collectorate premises here on Monday. ,............... Read more.........

Confederation press statement on Budget 15-16

The Budget of Modi Government for the year 2015-16 presented today to the Parliament by the Finance Minister, Shri. Arun Jaitley belied all expectations of the poor people who placed their faith in the BJP in the last general elections. It is without doubt an anti-poor and pro-rich Budget. The Corporate Tax has been slashed to please the giant multinational Corporate houses, who really are the rulers in most of the Countries of the world, including ....... Read more......

Finance Minister, you are wrong on the tax benefit statement

The finance minister Arun Jaitley during the course of his budget speech today remarked: “After taking into account the tax concession given to middle class tax payers in my last Budget and this Budget, today an individual tax payer will get tax benefit of Rs 4,44,200.” ....... Read more...

Government employees restricted from using private e-mail services for official use

Government employees have been barred from using private e-mail services for official communications. “Users shall refrain from using private e-mail servers from government network. E-mail service authorised by the government and implemented by the IA (Implementing Agency under this policy is NIC) shall only be used for all official correspondence,” said the policy on  ...... Read more......

Finance Minister, you are wrong on the tax benefit statement

The finance minister Arun Jaitley during the course of his budget speech today remarked: “After taking into account the tax concession given to middle class tax payers in my last Budget and this Budget, today an individual tax payer will get tax benefit of Rs 4,44,200.” .......... Read more..........

Budget 2015 : Whats there for the salaried class

Finance Minister Arun Jaitley in his Budget did not provide tax breaks to the middle class, which was very disappointing. There were only some minor relief for the salaried class who where expecting much from the FM. The only direct benefits are the follows ......... Read more........

Rail Budget 2015 - Highlights

No increase in passenger fares No new trains announced Tickets can be booked 120 days in advance instead of 60 days to tackle tout menace Outlay for passenger amenities increased by 67% Plan expenditure to go up to a record Rs 1.1 lakh crore in 2015-16 from Rs 66,000 crore in the previous year Read more......

NFIR : 55-Point charter of demands

Withdraw FDI, PPP in Railways – Stop Out Sourcing, Contractorisation and Privatization. Scrap New Pension Scheme in Railways and restore liberalised pension scheme. DA merger with pay with retrospective effect and payment of Interim Relief to Central Government employees (serving and retired). Read the full list here....