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Tuesday, September 24, 2013

Expected - Productivity Linked bonus 

(PLB) for the year 2012-13 :


The Year wise PLB for days announced by the dept is shown below:-

     Year
PLB for  Days announced

2008-2009

60

2009-2010

60

2010-2011

60

2011-2012

60

2012-2013

60  (expected)


While observing the present situation bonus to Postal employees the Government has no proposal to waive the ceiling in salary and days of bonusdue to large financial implication.

The Union Cabinet today approved the proposal of the Department of Posts to enhance the ceiling for calculation of ex-gratia bonus payable to Gramin Dak Sevaks from Rs. 2,500/- to Rs.3500

Enhancement of ceiling for calculation of ex-gratia bonus payable to Gramin Dak Sevaks


The Union Cabinet today approved the proposal of the Department of Posts to enhance the ceiling for calculation of ex-gratia bonus payable to Gramin Dak Sevaks from Rs. 2,500/- to Rs.3,500/- same as that prescribed for the regular departmental employees. The decision would be applicable with prospective effect that is from the accounting year 2012-13 payable in 2013-14. 


The increase in bonus calculation ceiling will restore the long established parity between regular departmental employees and Gramin Dak Sevaks on the issue of payment of bonus. This decision will benefit 2.63 lakh Gramin Dak Sevaks working in the Department of Posts, who play a very vital role in providing postal, financial and insurance services in the rural, hilly and tribal areas of the country. 

AP CIRCLE GDS TO POSTMAN EXAM KEY HELD ON 22/09/2013


Disclaimer:-Author of blog does not accepts any responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents

                                                       Answers

MATHEMATICS

     1-  D , 2- C   , 3- B  ,  4- A , 5- C , 6-  B , 7- B  , 8-  A, 9- C , 10-  C, 11- C, 12-  C, 13- D  ,14-  B ,15- C  , 16-  A, 17- D, 18- A, 19- B, 20- C, 21- D, 22- C, 23- B , 24- A ,25-D,

       GENERAL KNOWLEDGE

     1-  B , 2- A   , 3- D  ,  4- B , 5- C  , 6-  B , 7- No answer  , 8- D  , 9- C , 10- D , 11- B, 12-C, 13- C ,14-  D ,15- D  , 16-  C, 17- A , 18- D, 19- C, 20- B, 21- A, 22- B,23-  A, 24- B ,25-C,

       TELUGU

     1-  B   , 2-  A  , 3-  C ,  4-   A, 5-  D, 6- A , 7- C , 8- D , 9- B , 10- A , 11-  A, 12- C, 13- D  ,14-  B  ,15-  B , 16- D, 17- A, 18- B, 19- C, 20- D, 21- B, 22- C,23-  D, 24-  B,25- A,

      ENGLISH

     1-  C , 2-   B , 3-  D ,  4-  B, 5-  C , 6-  B, 7- A , 8- B , 9- C , 10-  B, 11- C, 12- C, 13-  C,14-  B,15-  A , 16- C, 17- B, 18- C, 19- D, 20- A, 21- C, 22- D,23- B , 24- C, 25- C,

 

 

 

India Post pushes ahead with banking plan despite opposition

Mumbai: Despite strong opposition from the finance ministry, the postal department plans to approach the Union cabinet next month seeking capital of up to Rs.1,900 crore for a proposed commercial bank, according to two people familiar with the development.

To be called Post Bank of India, its branches will be linked to India Post’s vast network of post offices and will promote goals of financial inclusion, its supporters say.

“The department has decided to move the cabinet by October to seek the capital for Post Bank,” said a senior bureaucrat familiar with the proposal. The official requested anonymity, citing sensitivity of the matter. The second person, a consultant, also declined to be identified.

An email sent to financial services secretary Rajiv Takru on Tuesday remained unanswered at the time of writing this story.

India Post needs the government’s permission for the Rs.500 crore capital that is needed to set up the bank if it gets a licence from the Reserve Bank of India (RBI). While many government departments support the plan, some—mainly the department of financial services—have raised serious reservations, the official quoted earlier said.

India Post estimates an immediate requirement of Rs.700 crore and an additional Rs.1,200 crore in the first five years of its operations.

http://www.livemint.com/

Monday, September 23, 2013

Dearness Allowance Rates (DA Rates)

 
Effective RatesRates of DA OrderEffective RatesRates of DA Order

01.01.1996
0%DA OM01.01.200143%DA OM
01.07.19964%DA OM01.07.200145%DA OM
01.01.19978%DA OM01.01.200249%DA OM
01.07.199713%DA OM01.07.200252%DA OM
01.01.199816%DA OM01.01.200355%
01.07.199822%DA OM01.07.200359%
01.01.199932%DA OM01.01.200461%
01.07.199937%DA OM01.03.2004DA MergerDA OM
01.01.200038%DA OM
01.07.200041%DA OM
 
 
The Central Government had merged 50% of the Dearness Allowance (DA) with the basic pay w.e.f. 01.04.2004 and the Dearness Allowance continued to be calculated with reference to the AICPI (IW) average as on 1st January, 1996 of 306.33 without changing the index base consequent to the merger. Accordingly, Dearness Allowance (DA) at following rates were sanctioned from 01.07.2004 till 01.07.2007.
 
Effective RatesRates of DA OrderEffective RatesRates of DA Order

01.07.2004
14%DA OM01.07.200629%DA OM
01.01.200517%DA OM01.01.200735%DA OM
01.07.200521%DA OM01.07.200741%DA OM
01.01.200624%DA OM01.01.200847%DA OM
01.07.200854%DA OM

The Central Government on the recommendations of the Sixth Central Pay Commission had decided that the Dearness Allowance (DA) admissible to all categories of Central Government employees shall be at the following rates. 
 
 
Effective Rates
Rates of DA OrderEffective RatesRates of DA Order

01.01.2006
0%DA OM01.01.201035%DA OM
01.07.20062%DA OM01.07.201045%DA OM
01.01.20076%DA OM01.01.201151%DA OM
01.07.20079%DA OM01.07.201158%DA OM
01.01.200812%DA OM01.01.201265%DA OM
01.07.200816%DA OM01.07.201272%DA OM
01.01.200922%DA OM01.01.201380%DA OM
01.07.200927%DA OM01.07.201390

India is poor in happiness also !





Last week Columbia University released the results of the 2013 World Happiness Report, sponsored by the United Nations, which ranks the happiness of people in 156 countries.
 
They considered such factors as wealth, health, freedom of choices, government effectiveness and corruption, and overall generosity. While some of the results are no-brainers, others are more surprising. Here’s a snapshot of our planet:
 
10. Africa is miserable. Nearly all of sub-Saharan African nations rank near the bottom of the list, with Togo (156) being the saddest place on Earth.
 
9. War is bad, but civil war is worse. Syria (148) is the saddest non-African nation, well behind Iraq (105) and even Afghanistan (143).
 
8. Poor sucks no matter where. Bulgaria is in the European Union, but ranks 144th because of poverty and corruption. 5% of Bulgarians are planning to emigrate elsewhere.
 
7. Biking by choice, or by necessity? Many of the happiest nations on earth have high bicycle usage, though they could afford to drive BMW’s. Conversely, China (93) has the highest bicycle usage, but they aren’t too happy about it.
 
6. For what it’s worth, India (111) will be pissed to learn that Pakistan (81) is somewhat happier than they are.
 
5. For what it’s worth, Israel (11) will be ecstatic to learn they are happier than the UAE (14), Qatar (27), Kuwait (32), Saudi Arabia (33), Jordan (74), Lebanon (97), Palestine (113), and Egypt (130).
 
4. Rich doesn’t necessarily mean happy: The United States sits at 17, while its much maligned southern neighbor Mexico came in at 16. Researchers point to stress factors among Americans that are much higher than in easier-going Mexico. Further down the list for similar reasons are the UK (22), France (25), and Germany (26).
 
3. Warm isn’t wonderful. Of the top 10 happiest nations, only one – Australia (10) – is a warm-weather country. Well-known destinations like Mauritius (67) and Jamaica (75) are nice places to visit, but you probably don’t want to live there.
 
2. Bleak is beautiful. The happiest countries on earth are Iceland (9), Austria (8), Finland (7), Canada (6), Sweden (5), Netherlands (4), Switzerland (3), Norway (2), and…
 
1. The winner: Denmark (1) ! Fairly wealthy, constitutional monarchy, large and efficient government providing a high degree of support, nationalized healthcare, cold weather, Hans Christian Andersen and wonderful, wonderful Copenhagen.

‘India' - A Philatelic Journey' book released by Hon'ble President of India


 



 

Obtaining Aadhar card optional, not mandatory: Centre tells SC

The Centre today told theSupreme Court that securing Aadhar cards, being issued by Unique Identification Authority of India (UIDAI), was optional and it has not made it mandatory for the citizens.

The apex court, hearing a batch of pleas against decisions of some states to make Aadhar cards compulsory for a range of activities including salary, PF disbursals and marriage and property registrations, asked the Centre not to issue it to illegal immigrantsas it would legitimise their stay.

The counsel for UIDAI and Centre responded to the pleas of petitioners, saying, "So far as the Union of India is concerned, we have said the Aadhar card is voluntary."

During the brief hearing, the bench of justices B S Chauhan and S A Bobde was told that despite the fact that the Aadhar card is "voluntary" in nature, an order has been issued by the Registrar of the Bombay High Court in pursuance of an order of the state government that it would be necessary for disbursal of salary of judges and staff also.

"The scheme is complete infraction of Fundamental Rights under Articles 14 (right to equality) and 21 (right to life and liberty). The government claims that the scheme is voluntary but it is not so.

"Aadhar is being made mandatory for purposes like registration of marriages and others.Maharashtra government has recently said no marriage will be registered if parties don't have Aadhar cards," senior advocate Anil Divan, arguing for Justice (retd) K S Puttaswamy, former judge of Karnataka High Court, said.

Justice Puttaswamy, in his PIL, has also sought a stay on the implementation of the scheme.

Making Aadhar mandatory for various purposes raises questions over the government's authority to implement such types of the scheme, it said, adding it also highlighted "the perils of the manner of its implementation".

The Centre has said the consent of an individual was indispensable for Aadhar and it has been launched to "promote inclusion and benefits of the marginalised sections of the society that has no formal identity proof."

Source:-The Economic Times

Children Education Allowance —Reimbursement of Examination Fee



RBE No. 93/2013 PC-VI No. 324
Government of India
Ministry of Railways
(Railway Board)
No.E(W)2008/ED-2/4
New Delhi, Dated: 12-09-2013
The General Manager (P),
All Indian Railways &
Production Units.
Sub Children Education Allowance —Reimbursement of Examination Fee.
   Please refer to Railway Board’s letter of even number dated 01.10.2008 followed by subsequent letters regarding revised policy instructions / clarifications on Children Education Allowance admissible to Railway Servants, based on the recommendations of Sixth Central Pay Commission.
   2. Now, DOP&T has issued further clarification thereby including ‘examination fee’ as part of reimbursable item under Children Education Allowance with effect from the current financial year in terms of their Office Memorandum No. 12011/01/2012-Estt.(AL) dated 3l-07-2013. The same is being circulated herewith for guidance of all concerned.
   Please acknowledge receipt.
Sd/-
(Debasis Mazumdar)
Director Estt.( Welfare)
Railway Board
Source: AIRE
via : http://employeesnews.blogspot.in/

Sunday, September 22, 2013

Smart things to know about income tax refunds

1) Taxpayers are entitled to receiving refunds, if payable, after their returns have been processed by the Central Processing Centre in Bangalore

2) The State Bank of India has been designated the banker for ensuring that refunds are paid to the bank accounts of taxpayers.

3) To ensure that the refund is deposited in the bank account, the assessee must provide correct bank details while filing their returns.

4) The Income Tax Department supports queries regarding the status of refund through theTax Information Network (TIN) website. One can access it by providing the assessment year and PAN.

5) If a refund is payable, the assessee is provided the refund reference number, date of credit to the bank account, or the dispatch details of the cheque.

Source:-The Economic Times