Wednesday, March 23, 2016

7th CPC notification and struggles- Article by P.S.Prasad, General Secretary, CoC Karnataka

Comrades,

The Central Government Employees are waiting for the implementation of Seventh Pay Commission. As per the reports received, the 7th Pay Commission Pay recommendations may be notified in June after the model code of conduct of states polls which in place is in place till 21st May 2016, which is being considered as cut off point for the notification of pay commission. To be on safer side, Government most likely will release notification regarding the latest pay commission only after 21st May 2016.

Implementation cell of the Empowered Committee of Secretaries is examining the grievances of employees. After giving final touch to report, Empowered Committee will send recommendations to PMO for its nod. Once PMO will through the report, it will be placed before the Cabinet for final approval. The whole process will take another three months.

But the larger question remains in the minds of the Central Government Employees, whether the Empowered Committee of Secretaries will consider the demands raised by the Staff side JCM. The Empowered Committee of Secretaries under the chairmanship of the Cabinet Secretary had one round of discussion with the staff side JCM. The Staff side JCM has clearly informed the Empowered Committee of Secretaries that the Central Government Employees are not satisfied with 7th CPC report and wants major changes before implementation of the 7th CPC report by the Central Government. Especially on the minimum wage, fitment formula, pay matrix and allowances.

The Empowered Committee of Secretaries was also informed that the Central Government Employees are ready for strike action, if the demands of the Central Government Employees are not met by the Empowered Committee of Secretaries and the Central Government.

The Empowered Committee of Secretaries may call the staff side JCM for more discussions, if the talks fail then the Central Government Employees should prepare for the indefinite strike from July 11th for which the staff side JCM has given the call.

Comrades, these three months are very crucial to the Central Government Employees, we should not relax waiting for the talks with the Central Government, instead prepare for the action for achieving a better wage hike.

Comrades during the 5th CPC we had similar situations, we had got better wage hike after struggles, similarly this time also the similar situation has arisen due to the lowest pay hike recommended by the 7th CPC and also reduction of the number of allowances. 

Hence Comrades it is high time we educate each and every employee of the Central Government about the 7th CPC wage hike and our demands , this is help us to prepare for struggle and get better wage hike.

Comradely yours

(P.S.Prasad)
General Secretary

In a relief to several PAs , the Ahmedabad bench of CAT has set aside the DoP order cancelling their services

In a relief to several postal assistants (PA) and sorting assistants (SA) from Gujarat, the Ahmedabad bench of central administrative tribunal (CAT) has set aside the order cancelling their services on Tuesday.

The CAT has also asked the postal department to conduct inquiry into the alleged irregularities in the recruitment of PAs and SAs from the state and take decision within three months. 

Hundreds of PAs and SAs from the state, whose recruitment was cancelled by the postal department in December last year, had approached the CAT. "The postal department had cancelled the recruitments across the country after one of the candidates who wasn't selected alleged that irregularities occurred in the recruitment process in Uttar Pradesh. Following the allegations, inquiry was conducted and hundreds of recruitments were cancelled by the postal department," said senior advocate Bhaskar Tanna who represented the PAs and SAs. 

"We filed case in the CAT on behalf of 167 affected PAs and SAs from Gujarat. We argued in the tribunal that the postal department terminated all recruitments without segregating guilty and non-guilty candidates. Also, the candidates were not given any opportunity of being heard. 

The bench of M Nagarajan and E K Bharat Bhushan held that the decision to cancel the recruitments was unconstitutional and violated the provisions of the constitution," Tanna told TOI. The bench has asked the postal department to conduct inquiry within three months and take those on job who are found to be not guilty. "This order is limited to Gujarat. The tribunal has also asked postal department to ensure that the guilty be booked," Tanna added.

5 Year Post office Time Deposit eligible for 80C

Investment made in "five year time deposit in an account under Post Office Time Deposit Rules, 1981" will be eligible for deduction from the Gross total income, under section 80C, with the overall section treshold of 1 Lakh.

The additional point to be noted is "The amendment shall apply to investments, as above, made during the financial year 2007-08 and subsequent years."
Below is the summary of the Finance bill presented in the budget:
Enlargement of the scope of eligible saving instruments under section 80C
Section 80C of the Income-tax Act provides for a deduction of upto rupees one lakh to an individual or a Hindu undivided family (HUF) for,-

(i) making investments in certain saving instruments; or
(ii) incurring expenditure on tuition fee and repayment of housing loan.

With a view to encourage small savings, it is proposed to enlarge the scope of eligible saving instruments by inserting two new clauses in sub-section (2) of section 80C. The following investments made by the assessee, during the previous year, shall be eligible for deduction under section 80C within the overall ceiling of rupees one lakh:-

(i) five year time deposit in an account under Post Office Time Deposit Rules, 1981; and
(ii) deposit in an account under the Senior Citizens Savings Scheme Rules, 2004.

Further, it is also proposed to provide that where any amount is withdrawn by the assessee from such account before the expiry of a period of 5 years from the date of its deposit, the amount so withdrawn shall be deemed to be income of the assessee of the previous year in which the amount is withdrawn. The amount so withdrawn, accordingly, shall be liable to tax in the assessment year relevant to such previous year. The amount liable to tax shall also include that part of the amount withdrawn which represents interest accrued on the deposit. However if any part of the amount so received or withdrawn (including the amount relating to interest) has suffered taxation in any of the earlier years, such amount shall not be taxed again.

Cabinet approves 6% hike in DA for central govt employees


NEW DELHI: Good news for central government employees. The Union Cabinet on Wednesday cleared a proposal to increase dearness allowance (DA) to 119% from 113%, which will potentially benefit over one crore government employees and pensioners. 

The proposal to increase DA by six percentage points was taken at a meeting by the Union Cabinet. 


DA is paid as proportion of the basic pay.

Earlier in April, the government had hiked DA by 6% to 113% of their basic pay with effect from January.

The proposed DA hike will take effect from July 1. As per the agreed formula, the DA rate increase is an average of 12-month consumer price index-industrial workers from July 1, 2014 to June 30, 2015.


The proposed hike is in accordance with the accepted formula based on the recommendations of the 6th pay commission, which will benefit 48 lakh government employees and 55 lakh pensioners.



Last month, the Cabinet had given approval for the extension of the term of the 7th Central pay commission by four months up to December 31.  

Speed Net 4.4 Released on 21.03.2016

Speed Net 4.4 Officially released on 21.03.2016

Speednet 4.3 was released on 09.10.2015.   Since then there were changes in business needs and fixing of identified issues necessitating changes/updations in SpeedNet application.   

The list of major changes/updations incorporated in SpeedNet 4.4 are as follows:

  • Issues relating to missing scans resolved.
  • Bug relating to bag modification resolved.
  • Issue relating to closing of deposit bag resolved.
  • Issues relating to Flush data resolved.
  • Provision for Swachh Bharat Cess.
  • Provision made for re-generation of booking/delivery messages for different dates, different customers on the same day. However, restriction continues on re-generation of booking/delivery data for the same date i.e., booking/delivery messages cannot be generated more than once for which data was already generated.

Download Speed Net 4.4


Central Civil Services (Leave Travel Concession) Rules, 1988 - Fulfillment of Procedural Requirements

Central Civil Services (Leave Travel Concession) Rules, 1988 - Fulfillment of Procedural Requirements

Click below to View / Download the original Order copy from its official Site


Additional tax deduction over and above the Rs.1.5 Lakhs, is available only to subscribers of NPS : NPS Trust

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
B- 14/A, Chhatrapati shivaji Bhawan
Qutab Institutional Area,
Katwaria Sarai, New Delhi – 110 016
Phone: 011-26517503
Fax:011 – 26517507
Website: www.pfrda.org.in
PFRDA/23/CORP/20/5
25th February, 2016

Dear sir,
Subject: Tax benefit available under National Pension System (NPS)

You would be aware that under the National Pension System (NPS), the subscribers can avail of tax benefit under Sec 80Cc D(1), up to 10% of their salary (Basic+DA) which is capped at Rs.1.50 lakhs under section 80CCE. From FY 2015-16, an additional tax deduction over and above the Rs.1.5 Lakhs, is available only to subscribers of NPS if they invest upto Rs.50,000 in NPS under Sec 80CCD(IB) of the Income Tax Act. any citizen of India including persons covered under old defined benefit pension scheme can open NPS account on voluntary basis and avail of the tax benefits u/s 80 CCD (IB) by contributing additionally Rs.50,000/- to NPS.

2. This additional tax benefit on investment upto Rs.50000/- provides an opportunity not only to those employees who are mandatorily covered under NPS, but also to all other employees who may be covered under old pension scheme/provident fund/superannuation fund, as well as to any other Indian citizen between 18 to 60 years of age, to avail of this tax benefit by opening an NPS account on voluntary basis and by investing the required amount.

3. PFRDA has provided an easy and convenient way to subscribe to NPS by recently introducing eNPS, which any individual can make use of to join NPS. A new subscriber can adopt the following eNPS methods for joining NOS:

(a) Using Aadhaar card issued by UIDAI which is authenticated through OTP received from UIDAI on the registered mobile of the applicant. In this case, the subscriber can instantly get himself/herself registered. He/she has to simply visit the eNPS module in NPS Trust website at www.npst.org.in.

(b) Using PAN and net banking of the selected bank chosen by the subscriber. In this case KYC verification is done by the Bank. The NPS account gets activated only after KYC verification by Bank. He/she has to go to eNPS module in NPS Trust website at www.npstrust.org.in.

4. A new subscriber can also open an account physically through any of the Points-of-Presence-Service Provider (POP-SP). The list is available on www.pfrda.org.in

Review of CSS and CSSS Officers under FR 56 (j) and Rule 48 of CCS Pension Rules, 1972

Review of CSS and CSSS Officers under FR 56 (j) and Rule 48 of CCS Pension Rules, 1972 regarding
Click below to view

India Posts to launch payments bank by March next yr: Prasad

New Delhi, March 22

The Department of Posts is likely to start the operations of its payments bank next year with an in-principle approval from the Reserve Bank of India in place, Communications and IT Minister Ravi Shankar Prasad said today.

Speaking at an industry function, the minister said, “Very soon by March next year we are going to bring in payments bank of the Postal Department. We have just got in-principle approval and we are going to the Cabinet soon”.

As many as 60 international consortiums were keen to partner India Post for third partner delivery for insurance and banking, among others, the minister said while adding that India Post has the largest network of core-banking solution branches in India.

“When I became minister (2014), just 230 India Post branches had core-banking solutions and as of yesterday 20,494 post offices have come under core-banking solutions out of 25,000 and we can complete it by April,” he said.

“Today I am proud to announce that core-banking linkage of post offices is bigger than State Bank of India. SBI has 16,333 core-banking solution branches,” he added.

India Posts received in-principle approval from RBI on September 7 for setting up of payments bank within 18 months.

The India Post banks may offer a host of services which may include distribution of third party financial products such as insurance, mutual funds and pension products, give access to formal credit products by acting as banking correspondents of banks and facilitate utility bill payments for electricity, water, telephone, gas etc.

The minister also said total investments in electronics manufacturing sector in India had crossed Rs 1.28 lakh crore.

“When our government came (in 2014), the total investment in electronics manufacturing was around Rs 11,700 crore and as of two days ago it is Rs 1,28,000 crore plus,” Prasad said.

Prasad said India is fast adopting technology and the country is likely to have half a billion internet users by the end of this year.

Photos of ATM inauguration of Postal ATM at Perambalur HPO, TN Circle on 22.03.2016













Atal Pension Yojana (APY) amended to give an option to the spouse to continue to contribute for balance period on premature death of the subscriber

Atal Pension Yojana (APY) amended to give an option to the spouse to continue to contribute for balance period on premature death of the subscriber;

After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years of the subscriber.

The feedback received from various quarters has indicated that the present provision under Atal Pension Yojana (APY) of handing-over lump sum amount to spouse on premature death of the subscriber is not preferred by many subscribers. It has also highlighted the fact that there is growing demand to give an option to the spouse to continue contribution after the death of subscriber to enable him / her to draw pension when the deceased subscriber would have turned 60 years of age. Therefore, after considering the feedback, the Government has decided to give an option to the spouse of the subscriber to continue contributing to APY account of the subscriber, for the remaining vesting period, till the original subscriber would have attained the age of 60 years instead of present provision of handing-over lump-sum amount to spouse on the premature death (death before 60 years of age) of the subscriber. The spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse. After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years of the subscriber.

Earlier to address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily save for their retirement, the Government had launched a new initiative called Atal Pension Yojana (APY) with effect from 1st June, 2015. Under APY, each subscriber, on completion of 60 years of age, will get the guaranteed minimum monthly pension, or higher monthly pension, if the investment returns are higher than the assumed returns for minimum guaranteed pension, over the period of contribution. After the subscriber’s death, the spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse. After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age of 60 years of the subscriber. In exceptional circumstances, that is, in the event of the death of beneficiary or specified illness, as mentioned in the PFRDA (Exit and withdrawals under the National Pension System) Regulations, 2015, before the age of 60 years, the accumulated pension wealth till date would be given to the nominee or the subscriber as the case may be.

Press Release by CITU on drastic cut in interest rates on small savings

NFPE writes to Minster Comm. & IT to exempt POSB schemes from interest cut

National Federation of Postal Employees
1st Floor North Avenue Post Office Building, New Delhi-110 001
Phone: 011.23092771 e-mail: nfpehq@gmail.com
Mob: 9868819295/9810853981 website: http://www.nfpe.blogspot.com

PF-35(SB)-2016 Dated: 21st March, 2016

To
Shri Ravi Shankar Prasad
Hon`ble Minister of Communications& IT,
Government of India,
New Delhi-110 001

Sub: Cut in interest rate for small savings schemes.
Respected Sir,
As you are aware that the Government of India, Ministry of Fiancé, Department of Economic Affairs (Budget Division) vide F.No.1/04/2016-NSII dated 18th March -2016 has issued orders to cut the interest rates for Small Savings Schemes which will adversely affect the poor people and customers in Post Offices.

Already due to CBS related problems thousands and thousands customers have closed their accounts in Post Offices. Further this cut in small savings schemes like, NSC, KVP, PPF,MIS, Sr. Citizen Savings Schemes and Sukanya Samriddhi Yojna will force them to invest their money in some other schemes.

It is therefore requested to kindly utilize your good office and convince the Finance Ministry to exempt Small Savings Schemes in Post Offices from interest cut to protect interests of common man.

With regards,

Yours faithfully,
(R.N. Parashar)
Secretary General