Friday, November 18, 2016

No exchange of notes for other-bank customers tomorrow (19/11/2016) ; senior citizens exempted

NEW DELHI: Indian Banks' Association on Friday said that all banks will serve only their respective customers tomorrow and will not exchange the old Rs 500 and Rs 1,000 notes from customers of other banks. 

"All these days our own customers have suffered because we have not been able to do their work. So, we have seen lot of pending work at branches especially for our existing customers. We, from IBA, have taken a view that tomorrow, that is, on Saturday, we shall be exclusively doing work for our own customers. And tomorrow we will not be doing exchange of notes (for outside customers)," IBA chairman Rajeev Rishi said. 

He, however, said senior citizens are exempted and they can go to any bank branch to exchange notes tomorrow. 

The IBA decision is only for Saturday and from Monday onwards all customers will be allowed to exchange notes at a branch of any bank. 

Commenting on the recent introduction of indelible ink marks on index fingers of those exchanging notes, Rajiv said, "Using indelible ink reduced queues substantially, it has come down to 40% of what it was initially". 

Since Wednesday, banks have started applying indelible ink mark on the right hand index finger of customers in the select metro cities to stop repeat money exchangers thronging banks with invalid currency notes.

Earlier today, the government had warned that those who have allowed others to deposit money in their bank accounts, will be prosecuted for abetment under the Income Tax Act. 

The finance ministry's directive comes against the backdrop of reports that some are using other persons' bank accounts to convert their black money into new denomination notes. If it is established that the money deposited in bank account does not belong to the account holder, it would be subject to tax, interest and 200 per cent penalty.

Since Prime Minister Narendra Modi's surprise announcement on November 8 to demonetise higher denomination notes of Rs 500 and Rs 1,000, banks and ATMs across the country have been witnessing serpentine queues to exchange now-invalid currency notes. Last week, banks across the country were open on both Saturday and Sunday to help the sudden currency crisis in the economy. 

On Thursday, the government halved the limit of exchange of defunct notes to Rs 2,000. With effect from today, individuals can exchange invalid 500 and 1,000 rupee notes totalling Rs 2,000, as against Rs 4,500 earlier, till December 30

Source : http://timesofindia.indiatimes.com/

Don't Accept Demonetised 500/1000 Notes For Payment of PLI Premium

Don't Accept Demonitised 500/1000 Notes For Payment of PLI Premia

This Sunday (20.11.2016) is a Holiday to the Post Offices

Regarding Opening of Post Offices on Sunday (20.11.2016) for exchange of WOS Notes


I am directed to inform that the coming Sunday i.e. 20.11.2016 will not be a working day for the post offices. Instructions may be issued to all concerned.


With regards,

Sachin Kishore
Director (CBS)
Sansad Marg,
Dak Bhavan

PROMPT HOLDING OF DEPARTMENTAL COUNCIL MEETING – SECRETARY, DOP&T WRITES TO ALL DEPARTMENTAL HEADS

PROMPT HOLDING OF DEPARTMENTAL COUNCIL MEETING – SECRETARY, DOP&T WRITES TO ALL DEPARTMENTAL HEADS AS ASSURED IN JCM STANDING COMMITTEE MEETING ON 25.10.2016.

Configuration of Cash limit in DOP finacle

  • Second Week  Started from 17.11.2016 to 24.11.2016
This is in continuation of trail mail on Cash Withdrawal limit in Finacle.
Week is configured as 10/11/2016 to 16/11/2016 and 17/11/2016 to 24/11/2016.
For eg: In case if Rs.10000/- was withdrawn on 10/11/2016, finacle will allow withdrawal of balance Rs.14000/- (revised limit – 24,000) within the above said period i.e. till 16/11/2016 for 1st week.

Every Group-C Officials Should give Option for Advance of Salary for the Month of November 2016

SALARY ADVANCE IN CASH. NO OPTION REQUIRED FOR CASH PAYMENT

Please Read para 2 of Fin. Min. OM – “In case no option is received by the said date, it will be presumed that the employees has opted for cash pay-out and payment thereof will be disbursed in cash accordingly”.

Answer key for Paper - I, II & III SET-B for LDCE for Inspector of Posts - 2016 exam held on 22 & 23 - Oct - 2016;

Answer key for Paper - I, II & III SET-B for LDCE for Inspector of Posts - 2016 exam held on 22 & 23 - Oct - 2016


Thanks to Shri. Sunil V Kakad, Nagpur Region, MH

This key is not Official Key and answers shown in this key are not final. The Official Key will be available in www.indiapost.gov.in and is final.

Government silent on fresh bill to hike retirement age of High Court judges

Government silent on fresh bill to hike retirement age of High Court judges

New Delhi: Amid an ongoing debate on vacancies in the higher judiciary, government has preferred to maintain silence on bringing afresh a bill to increase the retirement age of high court judges from 62 to 65 years.

Responding to a question in the Lok Sabha yesterday on whether any proposal for extension of retirement age of high court judges is under consideration of government, Minister of State for Law P P Chaudhary said in a written reply that a bill brought by the previous UPA government in 2010 lapsed after the dissolution of the 15th Lok Sabha in 2014.

“The Constitution (114th Amendment) Bill, 2010 which provided for increasing the retirement age of High Court Judges from 62 years to 65 years was introduced in the Lok Sabha on July 25, 2010. Thereafter, the Bill was referred to the Parliamentary Standing Committee for examination and report, which recommended that the proposed bill in its present form should be passed without delay.

“The Bill could not be taken up for consideration and passing in the Parliament and lapsed with the dissolution of the 15th Lok Sabha,” he said.

The UPA proposal had sought to bring at par the retirement age of high court judges with that of Supreme Court judges at 65.

At a time when the 24 high courts face a shortage of nearly 450 judges, the government and the judiciary have agreed that an extraordinary provision of the Constitution can now be invoked to appoint retired judges with proven integrity and track record as judges of high courts to tackle rising pendency.

Nearly three crore cases are pending in courts across India.

PTI

WOS Currency Exchange Software V 3.2 Revised

Download from below links

Link 1 - DOWNLOAD

OR

Link 2 - DOWNLOAD

Uninstall the previous version first then install the new version.

From Version 3.0 to Version 3.2

1) Fixed Error of character length in Customer Name Field.
2) Given Default User name and Password to Create a New User (Only when SQL Server connection is succeeded).
Username = NJGADMIN
Password = NJGADMIN
3) Given unique color for all windows.
4) Fixed some bugs.

For any queries please mail to srikanta@live.in


7th CPC pay scale to Temporary Status Casual labourers : Confederation writes to Ministry of Personnel, Public Grievances & Pension.

7th CPC pay scale to Temporary Status Casual labourers : Confederation writes to Ministry of Personnel, Public Grievances & Pension.

CONFEDERATION OF CENTRAL GOVT. EMPLOYEES & WORKERS
1St Floor, North Avenue PO Building, New Delhi - 110001

Ref: Confdn/7th CPC/2016
Dated - 16.11.2016

To
The Secretary
Ministry of Personnel,
Public Grievances & Pension
Department of Personnel & Training
North Block, New Delhi - 110001

Sir,
Sub: Grant of 7th CPC pay scale to Temporary Status Casual labourers - reg.

At present Temporary status Casual Labourers are being paid minimum of the pre-revised 6th CPC pay scale. Consequent on implementation of 7th CPC pay scales with effect from 01.01.2016, their pay scale is to be revised.

I request you to take necessary action for revising the pay of the Temporary status casual labourers at an early date.

Yours faithfully,
(M. Krishnan)
Secretary General
Confederation
Member, JCM National Council
Standing Committee

Source : Confederation

Rs.10000 Advance in the form of Cash Payout to Central Government employees on 23.11.2016

Rs.10000 Advance in the form of Cash Payout to Central Government employees on 23.11.2016

Central Government employees up to Group 'C' including equivalent levels in the Defence and Para Military Forces, Railways and Central Public Sector Enterprises will be given an option to draw salary advance up to Rs. 10,000/- in cash. This amount will be adjusted in their salary for November, 2016. It is expected that this decision will ease the pressure on the banks.
Press Information Bureau 
Government of India
Ministry of Finance
17-November-2016 15:52 IST


The Central Government takes several decisions to facilitate farmers, small traders, Group ‘C’ Employees of Central Government including equivalent levels in the Defence and Para Military Forces, Railways and Central Public Sector Enterprises in the aftermath of the cancellation of the legal tender character of the old Rs. 500 and Rs. 1000 notes; Also decides to reduce the limit of exchange of old Rs. 500/- and Rs. 1000/- notes across the counter in banks from Rs. 4500/- to Rs. 2000/-with effect from 18th November, 2016.

In the aftermath of the cancellation of the legal tender character of the old Rs. 500 and Rs. 1000 notes, the Government of India has been receiving several suggestions including those from the State Governments. The Government has considered various suggestions and the following decisions relating to certain operational aspects of this scheme have been taken:

i. We are now at the beginning of the Rabi season. The farmers need various inputs for their agricultural activities. While the Government is keen on promoting payment through the banking or digital system, it is felt necessary to make some quantum of cash available with farmers to meet various expenses in connection with agricultural operations. It has, therefore, been decided that farmers would be permitted to draw upto Rs. 25000/- per week in cash from their KYC compliant accounts only. These cash withdrawals would be subject to the normal loan limits and conditions. This facility will also apply to the Kisan Credit Cards (KCC).

ii. Farmers are currently selling their produce from the Kharif season in the APMC markets/mandis. The farmers who receive such payments in their bank accounts through cheque/ RTGS will be permitted to draw up to Rs. 25000/- per week in cash. These accounts will have to be KYC compliant. This facility will enable the farmers to meet their various expenses connected with agriculture. This will also infuse lot of liquidity into the rural sector.

iii. Traders registered with APMC markets/mandis will be permitted to draw up to Rs. 50,000/- per week in cash from their KYC compliant accounts as in the case of business entities. This will enable these traders to pay wages and facilitate easy loading, unloading and other activities at the mandis.

iv. For payment of crop insurance premium, States fix time limits depending on their local requirements and conditions. Consequently, the last date for payment expires on different dates. It has now been decided to extend the last date for payment of crop insurance premium by 15 days.

v. While encouraging families to incur wedding expenses through cheques or digital means, it has been decided to permit families celebrating weddings to draw up to Rs. 2,50,000/- in cash from their own bank accounts. These accounts have to be necessarily KYC compliant. The amounts can be drawn only by either of the parents or the person getting married. Only one of them will be permitted to draw this amount. This limit of Rs. 2,50,000/- will apply separately to the girl’s family and the boy’s family. The person drawing such amount has to furnish the PAN details. Further, a self-declaration will have to be submitted by the person to the effect that only one person from his/her family is drawing the amount. It is expected that members of the public will fully cooperate to ensure that the above guidelines are adhered to. Any misuse of this facility will invite appropriate action based on the self-declaration and other details.

vi. At present, over the counter exchange of old Rs. 500/- and Rs. 1000/- notes is limited up to maximum of Rs. 4500/- per person. Reports have been received that the same persons are going back to the counter again and again, thereby cornering the facility and depriving many other people from exchanging old notes.

There are also reports of organized groups indulging in such practices to convert their black money into white. It is now expected and desirable that people put their old notes into their bank accounts. However, for convenience of the people who may be on temporary visit either for work or otherwise, it has been decided to reduce this limit of exchange of old Rs. 500/- and Rs. 1000/- notes across the counter in banks from Rs. 4500/- to Rs. 2000/-. This facility will be available only once per person. The reduced limit of Rs. 2000/- will take effect from 18th November, 2016.

vii. Central Government employees up to Group 'C' including equivalent levels in the Defence and Para Military Forces, Railways and Central Public Sector Enterprises will be given an option to draw salary advance up to Rs. 10,000/- in cash. This amount will be adjusted in their salary for November, 2016. It is expected that this decision will ease the pressure on the banks.

Source: PIB

Salary Advance Rs.10,000/- Application Form to the Central Government Employees

Salary Advance(10,000) Application Form

Salary advance for the month of November 2016 to be paid to Non-Gazetted employees of Central Government.

In terms of Rule 64 (2) of Central Government Account (Receipt & Payment) Rules, 1983, the President is pleased to release part salary, in advance, amounting to Rs. 10,000/- (Rupees ten thousand) by 23rd November 2016 from the salary for the month of November 2016 in the form of cash pay out to all Non-Gazetted employees of Central Government.

2. Employees, who do not wish to receive the cash pay-out of the part salary advance amounting to Rs. 10,000/- (Rupees ten thousand) may give their option in the enclosed proforma to their respective Drawing & Disbursing Officer by 18th November 2016. In that case, their salary will be credited to their account on the last working day of November 2016, as usual. In case no option is received by the said date, it will be presumed that the employee has opted for cash pay-out and the payment thereof will be disbursed in cash accordingly. Residual part of their salary payable for the month &November 2016 will be released as per the existing procedure. 

3. The contents of this Office Memorandum may also be brought to the notice of all the Organisations under the administrative control of the Ministries/Departments.

4. Appropriate necessary instructions on the subject may be issued by respective administrative Ministries/Departments in respect of Autonomous Bodies, Department of Public Enterprises in respect of Public Sector Enterprises, Ministry of Railways and Ministry of Defence in respect of the Services.

Central Government takes several decisions to facilitate farmers, small traders, Group ‘C’ Employees of Central Government

Press Information Bureau 
Government of India
Ministry of Finance

17-November-2016 15:52 IST

The Central Government takes several decisions to facilitate farmers, small traders, Group ‘C’ Employees of Central Government including equivalent levels in the Defence and Para Military Forces, Railways and Central Public Sector Enterprises in the aftermath of the cancellation of the legal tender character of the old Rs. 500 and Rs. 1000 notes; 

Also decides to reduce the limit of exchange of old Rs. 500/- and Rs. 1000/- notes across the counter in banks from Rs. 4500/- to Rs. 2000/-with effect from 18th November, 2016.

In the aftermath of the cancellation of the legal tender character of the old Rs. 500 and Rs. 1000 notes, the Government of India has been receiving several suggestions including those from the State Governments. The Government has considered various suggestions and the following decisions relating to certain operational aspects of this scheme have been taken: 
  1. We are now at the beginning of the Rabi season. The farmers need various inputs for their agricultural activities. While the Government is keen on promoting payment through the banking or digital system, it is felt necessary to make some quantum of cash available with farmers to meet various expenses in connection with agricultural operations. It has, therefore, been decided that farmers would be permitted to draw upto Rs. 25000/- per week in cash from their KYC compliant accounts only. These cash withdrawals would be subject to the normal loan limits and conditions. This facility will also apply to the Kisan Credit Cards (KCC). 
  2. Farmers are currently selling their produce from the Kharif season in the APMC markets/mandis. The farmers who receive such payments in their bank accounts through cheque/ RTGS will be permitted to draw up to Rs. 25000/- per week in cash. These accounts will have to be KYC compliant. This facility will enable the farmers to meet their various expenses connected with agriculture. This will also infuse lot of liquidity into the rural sector. 
  3. Traders registered with APMC markets/mandis will be permitted to draw up to Rs. 50,000/- per week in cash from their KYC compliant accounts as in the case of business entities. This will enable these traders to pay wages and facilitate easy loading, unloading and other activities at the mandis. 
  4. For payment of crop insurance premium, States fix time limits depending on their local requirements and conditions. Consequently, the last date for payment expires on different dates. It has now been decided to extend the last date for payment of crop insurance premium by 15 days. 
  5. While encouraging families to incur wedding expenses through cheques or digital means, it has been decided to permit families celebrating weddings to draw up to Rs. 2,50,000/- in cash from their own bank accounts. These accounts have to be necessarily KYC compliant. The amounts can be drawn only by either of the parents or the person getting married. Only one of them will be permitted to draw this amount. This limit of Rs. 2,50,000/- will apply separately to the girl’s family and the boy’s family. The person drawing such amount has to furnish the PAN details. Further, a self-declaration will have to be submitted by the person to the effect that only one person from his/her family is drawing the amount. It is expected that members of the public will fully cooperate to ensure that the above guidelines are adhered to. Any misuse of this facility will invite appropriate action based on the self-declaration and other details. 
  6. At present, over the counter exchange of old Rs. 500/- and Rs. 1000/- notes is limited up to maximum of Rs. 4500/- per person. Reports have been received that the same persons are going back to the counter again and again, thereby cornering the facility and depriving many other people from exchanging old notes. There are also reports of organized groups indulging in such practices to convert their black money into white. It is now expected and desirable that people put their old notes into their bank accounts. However, for convenience of the people who may be on temporary visit either for work or otherwise, it has been decided to reduce this limit of exchange of old Rs. 500/- and Rs. 1000/- notes across the counter in banks from Rs. 4500/- to Rs. 2000/-. This facility will be available only once per person. The reduced limit of Rs. 2000/- will take effect from 18th November, 2016. 
  7. Central Government employees up to Group `C’ including equivalent levels in the Defence and Para Military Forces, Railways and Central Public Sector Enterprises will be given an option to draw salary advance up to Rs. 10,000/- in cash. This amount will be adjusted in their salary for November, 2016. It is expected that this decision will ease the pressure on the banks. 
*****

Transactions in relation to which quoting PAN is Mandatory


Press Information Bureau 
Government of India
Ministry of Finance

17-November-2016 19:17 IST

Transactions in relation to which quoting PAN is Mandatory 

The Income Tax Department prescribes a list of transactions for which quoting of Permanent Account Number (PAN) is mandatory. These are listed in Rule 114B of the Income Tax Rules, 1962 which were first inserted with effect from 1st November, 1998 and have been amended from time to time. The list under Rule 114B as on date requiring PAN to be quoted includes the following banking transactions :
  • Deposit with a banking company or a co-operative bank in cash exceeding fifty thousand rupees during any one day.
  • Purchase of bank drafts or pay orders or banker's cheques from a banking company or a co-operative bank in cash for an amount exceeding fifty thousand rupees during any one day.
  • A time deposit with a banking company or a co-operative bank or a Post Office
  • Opening an account [other than a time-deposit referred to above or a Jandhan / Basic Bank Deposit Account] with a banking company or a co-operative bank.
In addition to the existing requirement of quoting of PAN in respect of cash deposits in excess of Rupees fifty thousand in a day, quoting of PAN will now also be mandatory in respect of cash deposits aggregating to Rupees two lakh fifty thousand or more during the period 09th November, 2016 to 30th December, 2016 as per an amendment notified by CBDT on 15-11-2016.

The Department has already issued close to 25 crore PAN till date. The persons requiring a PAN for complying with the above requirement may do so by applying to the NSDL in a prescribed format with the necessary documentary proof. The link to the NSDL site and the instructions for making the application are available on the official website of the Income-tax Department www.incometaxindia.gov.in under the ‘Important Links’ head in the lower left hand corner of the homepage.

Meeting of the Committee on Allowances - NC JCM Staff Side

Meeting of the Committee on Allowances - NC JCM Staff Side

Today there had been a crucial meeting of the Committee on Allowances. They may finalize all the allowances in today’s meeting itself or some of them. This is just for your information. Further details shall be sent to you, once the same is available with us..





Source: http://ncjcmstaffside.com/

WOS Currency Exchange VB6 Based Software


  1. Download attached software from PoTools.
  2. Enter SQL Server User Name and Password for first time.

Click below link to Download Software


Post Master Thrissur City 680020

Directorate Instructions on exchange of WOS Notes & Limited to Rs.2000/-

Changes in the limits for exchange of WOS Notes:- 


At present, over the counter exchange of old Rs. 500/- and Rs. 1000/- notes is limited up to maximum of Rs. 4500/- per person. Reports have been received that the same persons are going back to the counter again and again, thereby cornering the facility and depriving many other people from exchanging old notes. There are also reports of organized groups indulging in such practices to convert their black money into white. It is now expected and desirable that people put their old notes into their accounts. However, for convenience of the people who may be on temporary visit either for work or otherwise, it has been decided to reduce this limit of exchange of old Rs. 500/- and Rs. 1000/- notes across the counter in post offices from Rs. 4500/- to Rs. 2000/-. This facility will be available only once per person. The reduced limit of Rs. 2000/- will take effect from 18th November, 2016.

Necessary instructions may be issued to all concerned accordingly.


With regards,

Sachin Kishore
Director (CBS)
Sansad Marg,
Dak Bhavan

Exchange limit reduced to Rs 2,000 from today(18.11.2016)

NEW DELHI: The government today revised certain guidelines for the withdrawal of cash, limiting counter exchange of old Rs 500, Rs 1,000 notes from Rs 4,500 to Rs 2000 starting from tomorrow. 

Government also allowed farmers to draw money from banks against loans sanctioned to them to buy seeds and fertilisers in the ongoing sowing season, as it responds to criticism against the move to cancel high-value rupee bills. 

Farmers will be able to withdraw up to 25,000 rupees per week against their crop loans, Economic Affairs Secretary Shaktikanta Das told reporters, adding the time limit to pay crop insurance premiums has also been extended by 15 days. 

Millions of Indian farmers, however, have no bank accounts and depend on local moneylenders to fund sowing. 

"One member of the family, be it father or mother can withdraw upto Rs 2.5 lakhs for a wedding," said Das. 

Key takeaways from the conference: 

  1. Government has decided that time limit in crop insurance premium cases will be extended by 15 days. 
  2. Government decides that farmers can withdraw Rs 25000 per week from a/c where farmers receive either by cheque or which is credited by RTGS. 
  3. For wedding ceremonies, upto Rs 2.5 lakh can be withdrawn from the bank account which is KYC compliant. 
  4. For over the counter exchange of old Rs 500/1000 notes, with effect from Nov 18, Rs 4,500 limit will be reduced to Rs 2000 from tomorrow. 
  5. One member of the family, be it father or mother can withdraw upto Rs 2.5 lakhs for a wedding. 
  6. Task Force held a meeting and a road map has been formed to re-calibrate all ATMs; sure that it will be done soon. 
  7. Central government employees up to Group 'C' can draw salary advance up to Rs 10,000 in cash that'll be adjusted against their November salaries. 
  8. Kisan Credit Cards will be subject to same new limit. 
  9. There is enough cash available with Govt, no cash crunch. 
  10. Currency printing presses operating at over 100 per cent capacity. 
  11. Mandi traders can withdraw upto Rs 50,000 per week.