Friday, April 06, 2018

DOP Orders regarding Operators with multiple station IDs

AIPEU-GDS :: Agitation programme from 17th to 19th April 2018

AIPEU-GDS launched a series of agitation programmes demanding :

(i) Immediate implementation of all positive recommendations of Kamalesh Chandra Committee

(ii) Complete the process of Membership verification in GDS cadre.

The 3rd All India Conference of AIPEU-GDS held in Allahabad unanimously decided to hold phased manner agitational programmes.

1st phase:

FROM 17th TO 19th APRIL 2018.

All CHQ Office bearers, Circle Secretaries, Division/Branch Secretaries are requested to mobilize and organize the GDS members to make the programme a grand success.

General Secretary

Constitution of a Committee to examine the issue of Cadre Restructuring of Inspector Posts and ASPOs cadre

Constitution of a Committee to examine the issue of Cadre Restructuring of Inspector Posts and Assistant Superintendent of Post Offices (ASPOs) cadre

Revision of line limits for remittance of cash by various modes of conveyance

D.O No.24-3/2012-PO dated 28.03.2018

Standard Deduction Applicable for Pensioners – Clarification

Ministry of Finance
Clarification regarding applicability of standard deduction to pension received from the former employer

The Central Board of Direct Taxes (CBDT) has clarified that the pension received by a taxpayer from his former employer is taxable under the head “Salaries”. The Finance Act, 2018 has amended Section 16 of the Income–tax Act, 1961(“the Act”) to provide that a taxpayer having income chargeable under the head “Salaries” shall be allowed a deduction of Rs 40,000/- or the amount of salary, whichever is less, for computing his taxable income. Accordingly, any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000/- or the amount of pension, whichever is less, under Section 16 of the Act.

Earlier, the representations were received seeking clarification as to whether a taxpayer, who receives pension from his former employer, shall also be eligible to claim this deduction.
Source: PIB News

Fee for Aadhaar Enrollment and Updation in Post Offices

Rs.25+18%GST for Aadhar Updation
Rs.20+18%GST for Color Print of eAadhar
Rs.10+18%GST for Black and White Print of eAadhaar

UIDAI - Ministry of Communication & Information Technology File No.4(4)/57/259/AKR/2014-E&U dated 22.01.2018

Jio Payments Bank commences operations

Jio Payments Bank Ltd, promoted by Reliance Jio Infocomm, commenced operations on 3 April 2018, Reserve Bank of India (RBI) stated in a press release on Tuesday.

“The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India,” RBI stated in its release.
Reliance Industries Limited was one of the 11 applicants which were issued in-principle approval for setting up a payments bank.

Payments bank has been conceptualised by RBI to further financial inclusion by providing small savings accounts and payments or remittance services.

The Reserve Bank of India had, on 19 August 2015, granted “in-principle” approval to 11 applicants, including Aditya Birla Nuvo Limited, Airtel M Commerce Services Limited, Cholamandalam Distribution Services Limited, Department of Posts, Fino PayTech Limited, National Securities Depository Limited, Reliance Industries Limited, Shri Dilip Shantilal Shanghvi, Shri Vijay Shekhar Sharma, Tech Mahindra Limited and Vodafone m-pesa Limited, to set up payments banks under the Guidelines for Licensing of Payments Banks issued on November 27, 2014 (Guidelines).

The selection was done after a detailed scrutiny by an external advisory committee (EAC) headed by Nachiket Mor, director, Central Board of the Reserve Bank of India. Following this the RBI’s internal screening committee prepared a final list of recommendations for the Committee of the Central Board (CCB), after independently scrutinising all the applications.