Tuesday, February 02, 2016

1.15 Crore Subscribers for National Pension System (NPS) as on 23.1.2016

Press Information Bureau 
Government of India
Ministry of Finance
02-February-2016 16:35 IST

1.15 Crore Subscribers for National Pension System (NPS) as on 23.1.2016 

National Pension System (NPS) had 11,459,555 subscribers with a total corpus of Rs. 90, 327 crore as on 23rd January, 2016. The total Assets under Management are worth Rs. 109,140 crore while Assets under Management per subscriber is Rs. 95,000 on an average. 

The number of NPS Subscribers of the Central Government are 1611,020 with a total corpus of Rs. 34,754 crore while subscribers from the different State Governments are 2,859,094 with a total corpus of Rs. 45,486 crore. The number of NPS subscribers in the Corporate Sector are 448,509 while in Unorganized Sector is 128,484, the total being 576,993. The number of subscribers under NPS Lite include 4,463,637 and under Atal Pension Yojana (APY) 1,948,811, with a total number of subscribers 6,412,448 in these two categories. 

NPS subscribers of Central Government are 14.1% of the total subscribers while that of the State Governments are 24.9%. The NPS subscribers under NPS Lite constitute 39% while under APY 17% of the total subscribers. 

Since PFRDA has completed two years of its statutory status on 1st February, 2016, to mark this occasion, PFRDA in collaboration with all its intermediaries in the National Pension System including Central and State Governments’ Nodal Offices, POPs, Aggregators, Central Recordkeeping Agency and NPS Trust etc. is observing NPS Service Week from 1st to 6th February, 2016. This week-long campaign is being dedicated to service-orientation towards the subscribers and aimed at awareness building and improved information dissemination. During this Service Week, besides sharing of information on the range of functionalities and services now available under the NPS, the subscriber community will be apprised about the need for constant updation of data/information to enable the system to operate at its optimum service level, so that the intended benefits can reach all the employees/subscribers under NPS. Besides, the subscribers will also be able to make best use of all the opportunities and facilities. 

The Pension Fund Regulatory and Development Authority (PFRDA) is organizing the 2nd Pension Conclave in national Capital on 4th February 2016 with the theme, “Towards Universal Pension: Coverage, Adequacy and Sustainability” in which all the stake holders are expected to participate and share their experiences. PFRDA proposes to use this occasion to acknowledge/award the best performing banks and Post Offices in mobilization and registration of subscribers under the Atal Pension Yojana (APY) up to 31st December 2015, and institute awards for best performing POPs under the Voluntary segment of the National Pension System. 

Earlier, PFRDA launched NPS Awareness Programme for State autonomous bodies, Unorganized Sector, Corporate Sector and other categories in order to highlight the benefits of joining NPS and has requested the various State Governments to implement NPS more inclusively among the State Autonomous Bodies, Boards, Corporations, Societies, Universities and State aided institutions under various State Government departments. During the awareness programme, key features and benefits of NPS, details and process of joining NPS, details about NPS architecture investment and exit guidelines of NPS are highlighted.

No BPM post should be combined with MD/MC work

No BPM post should be combined with MD/MC work ; The MD/MC posts should be filled up on redeployment of surplus/ skeleton posts- DoP issued orders 

Jeevan Pramaan- A Hit With Pensioners

Jeevan Pramaan (https://jeevanpramaan.gov.in/) provides a big relief to all pensioners. A pensioner can now digitally provide Annual Life Certificate to the authorities for continuity of pension instead of presenting himself physically or through a Life Certificate issued by specified authorities every year. Lakhs of pensioners on various schemes are already benefitting from it. 

Launched by the Prime Minister on 10th Nov 2014, nearly 12.5 Lakhs pensioners have registered for Digital Life Certificate (DLC) in about a year. Interestingly the enrolled pensioners come from different districts of the country showing the interest the facility has generated all over the country including in far flung rural and hilly districts. Started with Civil pensioners of Central Government only, several other pensioner schemes have adopted Jeevan Pramaan and provide this facility of Digital Life Certificate to these pensioners. Presently apart from civil Central Government employees, Defence services, Employees’ Provident Fund Organization (EPFO), Post Offices, Railways, Defence Pensioners Disbursement Office (DPDOs), several PSUs including Mumbai Port Trust, Chennai Port Trust and New Delhi Municipal Council are providing this service. 

State Governments have also recognized the potential of Jeevan Pramaan and adopted the service. State Governments of Haryana, Himachal Pradesh, Telangana, Madhya Pradesh, Maharashtra, Punjab, Pondicherry, Odisha, Andaman & Nicobar, Rajasthan and Jharkhand have already started providing these services. 

Jeevan Pramaan service is provided by NIC through a Central Portal developed on Open source. The platform is highly scalable. Developed using in-house manpower, the portal has been developed and maintained free of cost to all the user agencies and is also free for pensioners. 

In Jeevan Pramaan a pensioner can digitally show that he or she is alive using his/her biometrics. Biometric devices are available in CSC’s, Bank branches, Pensioner associations, Govt. offices etc. More over any citizen can also purchase a finger print scanner and do the identification from home. A typical finger print scanner currently costs around Rs. 2600/- only and the prices are expected to come down in future. The usefulness of Jeevan Pramaan will increase even further as the biometric authentication device gets integrated with mobile phones. 

All pension disbursing organizations, which have a requirement of periodic life certificate to continue disbursing pension are welcome to join this free offering.

CTS - Operating Procedure

Cheque Truncation System ( CTS ) - Operating Procedure

Click below to view the operating procedure to be followed in c/w Cheque Truncation System for processing of CTS 2010 and non CTS 2010 instruments w.e.f. 01.02.2016.

Acceptance of Kuvempu University Fee in Karnataka Circle

Click Here to view the C.O instructions on acceptance of Kuvempu University Fee under e-Payment.

Mappex - 2016, 12th Madhya Pradesh State Level Philatelic Exhibition

Mappex - 2016, 12th Madhya Pradesh State Level Philatelic Exhibition - 5th - 7th February 2016

Mappex-2016, 12th Madhya Pradesh State Level Philatelic Exhibition will be held from 5th to 7th February 2016 at Indore.
Venue: Pritam Lal Dua Auditorium, Regal Chauraha, South Tukoganj, Tukoganj, Indore - 452 001.
All IP/ASPs working in Indore Region are requested to visit Mappex-2016 and open one philatelic deposit account and also purchase one my stamp sheet. 

Complete Procedure to exempt House Rent Allowances by Salaried Employee for Asstt. Year 2016-17

To claim Exemption of House Rent Allowance paid by Salaried Employee for Asstt. Year 2016-17 under section 10(13A) of the Act, any special allowance specifically granted to an Salaried Employee (assessee) by his employer to meet expenditure incurred on payment of rent (by whatever name called) in respect of residential accommodation occupied by the assessee is exempt from Income-tax to the extent as may be prescribed, having regard to the area or place in which such accommodation is situated and other relevant considerations. According to Rule 2A of the Rules, the quantum of exemption allowable on account of grant of special allowance to meet expenditure on payment of rent shall be the least of the following:

(a) the actual amount of such allowance received by the assessee in respect of the relevant period i. e. the period during which the accommodation was occupied by the assesse during the financial year; or

(b) the actual expenditure incurred in payment of rent in excess of one-tenth of the salary due for the relevant period; or
  1. where such accommodation is situated in Bombay, Calcutta, Delhi or Madras, 50% of the salary due to the employee for the relevant period; or
  2. where such accommodation is situated in any other places, 40% of the salary due to the employee for the relevant period.

For this purpose, "Salary" includes dearness allowance, if the terms of employment so provide, but excludes all other allowances and perquisites.

It has to be noted that only the expenditure actually incurred on payment of rent in respect of residential accommodation occupied by the assessee subject to the limits laid down in Rule 2A, qualifies for exemption from income-tax. Thus, house rent allowance granted to an employee who is residing in a house/flat owned by him is not exempt from income-tax. The disbursing authorities should satisfy themselves in this regard by insisting on production of evidence of actual payment of rent before excluding the House Rent Allowance or any portion thereof from the total income of the employee.

Though incurring actual expenditure on payment of rent is a pre-requisite for claiming deduction under section 10(13A), it has been decided as an administrative measure that salaried employees drawing house rent allowance upto Rs.3000/- per month will be exempted from production of rent receipt. It may, however, be noted that this concession is only for the purpose of tax-deduction at source, and, in the regular assessment of the employee, the Assessing Officer will be free to make such enquiry as he deems fit for the purpose of satisfying himself that the employee has incurred actual expenditure on payment of rent.

Further if annual rent paid by the employee exceeds Rs 1,00,000 per annum, it is mandatory for the employee to report PAN of the landlord to the employer. In case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address of the landlord should be filed by the employee.

MIS principal limit adjustment - claim case in DOP Finacle

For MIS joint accounts,

If the first holder is deceased then

1.Invoke HCCA menu
2.Function - Modify
3.Enter A/C ID
4.Click on GO(F4)
5.Delete 1st person's CIF ID and Enter 2nd person's CIF ID.
6.Select Modify A/C Name if necessary.
7.Enter Appropriate Reason Code - D
8.Click on SUBMIT(F10)
9.Verify the Transaction in the same menu in supervisor login.
10.Invoke CMISAM menu
11.Function - Modify
12.Click on GO(F4)
13.Change the mode of operation to Self(012)
14.Delete Related party 2 Details as both Realated party 1 and Related party 2 details will be same after the CIF merge operation.
15.Click on SUBMIT(F10)
16.Verify the same in the same menu in supervisor login.

If the second holder is deceased then

1.Invoke CMISAM menu
2.Function - Modify
3.Click on GO(F4)
4.Change the mode of operation to Self(012)
5.Delete Related party 2 Details as the second holder is deceased.
6.Click on SUBMIT(F10)
7.Verify the same in the same menu in supervisor login.

After doing any one of the above two procedures, do the following

Closure procedure:

1.Invoke HCAACTD menu
2.Function - Close
3.Enter MIS A/C ID
4.Delete the amount shown and Enter the withdrawal amt(Principal) - Amount to be deducted (if exceeding 4.5lakhs)
Ex: If the principal amount is 5lakhs then it is exceeding the individual holding limit by 50000. So, withdraw the excess amount i.e., 50000 from the principal amount. In this case, in step 4, enter the withdrawal amt(Principal) as 50000.
5.Click on GO(F4)
6.View Account information Tab
7.View Closure Details Details
8.Select Close mode as Repayment account only/SB Account
9.Repayment account ID is automatically SOLID+0340 account only.
In case of BO accounts also, closure value will be credited to 0340 instead of 0339, on selecting 'Repayment Account only' option. After verification of closure, CXFER menu is to be used for transferring the amount from 0340 to 0339.​
10.For SB A/C Transfer, Select SB Account and Enter SB A/C ID, Enter Cash CCY Code as INR.
11.View Closure Exceptions
12.Select Appropriate Closure Reason Code - DTCLM
13.Click on SUBMIT(F10)
14.Verify the transaction in supervisor login using HCAACVTD menu

Note: Recover the excess paid interest if any after the date of death of any of the holders.

CBS Addon v3.40 dated 28-01-2016

CBS Addon version 3.40

Use latest version of CBS Addon for Clear Discrepancies and verify the same in Supervisor using the same tool.

Download Latest version of CBS Addon

Google reveals what it paid man, who owned Google.com for 1 min

Google has paid Sanmay Ved, the man who owned Google.com for a minute, $ 6,006.13 (about Rs 4.07 lakh) and later doubled the amount when he donated his reward to charity.

In September last year, the ex-Googler, while searching Google Domains, found that Google.com (domain name) was available for purchase. He bought the domain for $12 and gained access to its webmaster tools before Google cancelled the sale.

However, the Mandvi resident (in country’s Kutch region) had said it was never about money and wanted the amount to be donated to the Art of Living India Foundation.

“You may have read about Sanmay Ved, a researcher who was able to buy Google.com for one minute on Google Domains. Our initial financial reward to Sanmay – $6,006.13 – spelled-out Google, numerically (squint a little and you’ll see it!). We then doubled this amount when Sanmay donated his reward to charity,” Google said in a blog post.

Ved, in a post on LinkedIn, had said he chose his award to be donated to the Art of Living’s education programme which runs 404 free schools across 18 states in India, providing free education to more than 39,200 children living in slums, tribal and rural belts where child labour and poverty are widespread.

Google said researchers from all over the world, coming from countries like Great Britain, Poland, Germany, Romania, Israel, Brazil, the US, China, Russia and India, participated in its security rewards programme.

“Tomasz Bojarski found 70 bugs on Google in 2015, and was our most prolific researcher of the year. He found a bug in our vulnerability submission form,” the blog posted by Eduardo Vela Nava from Google Security team, said.

In 2015, the company gave $2 million in rewards to over 300 people. The programme which was started in 2010 has seen Google giving out over $6 million in rewards so far.

It said it has paid more than $200,000 to researchers for their work under Google’s Android (mobile operating system) VRP programme launched in June. This includes the largest single payment of $37,500 made to an Android security researcher.

“We also injected some new energy into these existing research programs and grants. In December, we announced that we’d be dedicating one million dollars specifically for security research related to Google Drive,” the blog said.

Meeting of Nodal officers of various Departments on 2.2.2016 for Implementation of 7th CPC

Meeting of Nodal officers of various Departments on 2.2.2016 for Implementation of 7th CPC

F.No.1-1/2016- IC 
Government of India 
Ministry of Finance 
Department of Expenditure

New Delhi, 29.1.2016 
Meeting Notice 

Subject : Meeting of Nodal officers of various Departments – implementation of the recommendations of the 7th CPC – Issues on way ahead. 
In order to process the recommendations of the 7th Central Pay Commission, the Cabinet has approved setting up of an Empowered Committee of Secretaries chaired by the Cabinet Secretary. Accordingly, the ECOS has been set up as per this Ministry’s OM No.1-4/2015/EIII-A dt. 27.1.2016 (copy placed on the website of this Ministry, viz, www.finmin.nic.in). 

2. As provided in the said OM dt. 27.1.2016, the Implementation Cell created in this Ministry shall work as the Secretariat for the ECOS. 

3. This Ministry has already requested all the Ministries/Departments vide DO letter No.1-4/2015/EIII.A dt. 21.11.2015 from JS(Pers) addressed to all the Secretaries to nominate a nodal officer at the level of a Joint Secretary to interact with the Implementation Cell during the curse of processing of the recommendations of the 7th CPC. 

4. Accordingly, Joint Secretary (Implementation Cell) shall take a meeting of all the Nodal Officers of the Ministries/Departments on 2.2.2016 at 11 .00 a.m. in Conference Hall (R. No. 72), North Block, New Delhi to discuss the relevant issues in connection with the processing of the recommendations of the 7th CPC and to concretise the points of action pertaining to all the Ministries/Departments in general and also in regard to specific issues concerning individual Ministries/Departments with a view to enabling an effective, holistic and quicker processing of the recommendations of the 7th CPC and for submission of the matter before the ECOS. 

5. As this is the first meeting of the Nodal Officers to formulate the action points on the way ahead on processing of the recommendations of the 7th CPC, it is requested that the concerned nodal officers may kindly make it convenient to attend the meeting. 

(Amar Nath Singh) 
Deputy Secretary to the Government of India

All the nodal officers of Ministries/Departments, as per list attached. 

Authority: www.finmin.nic.in

India Post Customer Care

Ministry of Communications & Information Technology

Meghdoot Bhawan, Link RoadNew DelhiNew Delhi District
DelhiIndia - 110001
Customer Care Phone Numbers and Contacts

Regional Contacts

Andhra Pradesh
Dak Sadan, Abidas, Hyderabad – 500001
Tel: +91 40 2346 3636
Fax: +91 40 2474 7282

4th Floor, Meghdoot Bhawan, Panbazar, Guwahati – 781001
Tel: +91 36 1260 3636
Fax: +91 36 1254 4838

Patna GPO Complex, Patna – 800001
Tel: +91 61 2222 5051
Fax: +91 61 2222 5011

Tel: +91 77 1223 3400
Fax: +91 77 1223 3194

Meghdoot Bhawan, Link Road, New Delhi – 110001
Tel: +91 11 2362 0144
Fax: +91 11 2362 7114

Khanpur, Ahmedabad – 380001
Tel: +91 79 2550 5424
Fax: +91 79 2550 5275

107, The Mall Road, Ambala Cant. – 133001
Tel: +91 17 1260 3100
Fax: +91 17 1260 3736

Himachal Pradesh
Kaithu, Shimla – 171009
Tel: +91 17 7262 9000
Fax: +91 17 7262 0351

Jammu & Kashmir
GPO Complex, Residency Road, Srinagar – 190001
Tel: +91 19 1254 2878
Fax: +91 19 1256 1746
Tel: +91 19 4245 2528
Fax: +91 19 4245 2036

Doranda HO Complex, Ranchi – 834019
Tel: +91 65 1248 2345
Fax: +91 65 1248 0153

Beaulieu, Palace Road, Bengluru – 560001
Tel: +91 80 2239 2523
Fax: +91 80 2220 2607

Kerala (for Kerala and Lakshadeep):
Thiruvananthapuram – 695033
Tel: +91 47 1230 8300
Fax: +91 47 1230 6500

Madhya Pradesh
Bhopal – 462012
Tel: +91 755 255 0838
Fax: +91 755 255 6547

Maharashtra (For Goa, Maharshtra and Dadra & Nagar Haveli):
Mumbai GPO Building, 2nd Floor, Mumbai – 400001
Tel: +91 22 2262 0049
Fax: +91 22 2262 0829

North East (All North-Eastern States except Assam and Sikkim):
Shillong – 793001
Tel: +91 36 4222 3800
Fax: +91 36 4222 3034

Bhubaneswar – 751001
Tel: +91 67 4239 2000
Fax: +91 67 4239 4790

Punjab (For Punjab and Chandigarh):
Sandesh Bhawan, Sector – 17/E, Chandigarh – 160017
Tel: +91 17 2270 6700
Fax: +91 17 2272 1670

Sardar Patel Marg, Jaipur – 302007
Tel: +91 14 1237 2020
Fax: +91 14 1236 6151

Tamil Nadu (For Tamil Nadu and Pondicherry):
Anna Road, Chennai – 600002
Tel: +91 44 2852 0367
Fax: +91 44 2852 2119

Uttar Pradesh
4, Hazratganj, Lucknow – 226001
Tel: +91 52 2262 2000
Fax: +91 52 2261 6855

Dehradun – 248001
Tel: +91 135 265 8396
Fax: +91 135 265 0065

West Bengal (For West Bengal, Sikkim and Andaman & Nicobar Islands)
Yogayog Bhawan, P-36, C.R. Avenue, Kolkata – 700012
Tel: +91 33 2212 0070
Fax: +91 33 2212 0811

We are already realising 'Make In India' dream: Ashni Biyani

With the Budget around the corner, fast moving consumer goods (FMCG) companies are hoping that the government unveils incentives not only to improve the ease of doing business but also drive consumer spending. 

In an exclusive chat with CNBC TV-18's Priya Sheth, Future Group's next-generation head Ashni Biyani says all eyes are on how the government intends to improve liquidity in the market. 

She is of the view that while everyone is looking forward to the Goods and Services Tax (GST), enhancement of ease of doing business still remains important. Furthermore, she also expects the government to announce implementation of the Pay Commission recommendations in the upcoming Budget. Below is the transcript of Ashni Biyani’s interview with Priya Sheth on CNBC-TV18. 

Q: What are you looking forward to in Budget 2016? 

A: Obviously, the GST is something that everyone is looking forward to. I think it can be a key step in the way forward from the ease of doing business standpoint. We work in multiple states. Our distribution of our products, brands, our retail stores are all over the country, so that is a keys step that we see enhancing the ease of doing business. It is a one step, very simple, but very effective measure. If the government can achieve that, it is something that we really look forward to in this coming year. The other thing we are looking forward to is the new Pay Commission that may get announced in this Budget. That will bring out a lot of spending. A large part of our customer base is the government sector and it will be exciting to see if the Pay Commission gets announced, then it will have a certain liquidity as well in the market. 

Q: There are several tax incentives that players like you would possibly want from the government. Run us through maybe two or three key incentives that you are looking forward to? 

A: Like I said anything that helps us ease the way in which we do business and reduces the number of variable involved from a taxation point of view anything like that would be something that we would be something that we would look forward to. Q: Apart from being a retailer, you are also a manufacturer. This Budget, how would it shape that aspect as well? A: Manufacturing is the key leg in that. The whole Make in India dream is something that we are already realising. And with any tax benefits coming, costs getting reduced, the customer is eventually going to benefit. I think any cost reduction will help us reduce the cost. Hopefully the consumer will spend more or will buy more and we have always believed that consumption will lead to development and that is the theme that we are going to stick by.