Expected DA from Jan 2016 – A New Chapter Begins

Expected DA from Jan 2016 – Last and A New Chapter Begins

The last episode of “Expected DA from July 2015” is almost confirmed to hike by 6% and the official announcement is expected in the second week of next month.

‘The government usually announces additional dearness allowance for Central staff twice in a year from January and July, based on the price-fluctuation data of the previous six months.’

Central Government employees are currently being given a Dearness Allowance of 113%. With 6% DA almost conclusively assured from July 2015 onwards, official announcement is expected to be made during the cabinet meeting in the second week of next month. As soon as cabinet gives its nod, DA will be issued at 119% for the six months starting July 2015, up to December 2015.

Generally additional dearness allowance is being calculated only after releasing the Consumer Price Index for the previous six months. The price fluctuation data for the six months (July to December 2015) will be published by the Labour Bureau each month. Based on this AICPIN Points, a new another additional Dearness Allowance will be issued from January 2016.

The AICPIN points of December 2015, that is last month data will be announced only towards the end of January 2016. Only then will the Dearness Allowance from January 2016 will be calculated and it will be implemented after the cabinet gives its approval in March.

This will be the final dearness allowance based on the calculations prescribed by the 6th Central Pay Commission.

Just have a look the table is given below, the total Dearness Allowance given in their period of 5th and 6th Pay Commission…

5th CPC	Additional DA Twice in a Year	6th CPC
0%		0%
4%	1st Year	2%
8%		6%
13%	2nd Year	9%
16%		12%
22%	3rd Year	16%
32%		22%
37%	4th Year	27%
38%		35%
41%	5th Year	45%
43%		51%
45%	6th Year	58%
49%		65%
52%	7th Year	72%
55%		80%
59%	8th Year	90%
61%		100%
DA Merger	9th Year	No DA Merger
14%		107%
17%		113%
21%	10th Year	119%
24%		(Expected) 125%
74%	Total	125%
DA Merger	+ Points	125%

Source: www.cgstaffnews.in

Special Counters for Salaried Tax Payers Between 24th August to 31st August, 2015

Special Counters for Salaried Tax Payers Between 24th August to 31st August, 2015

Special it Return Counters to be Organised for Salaried Tax Payers (Including Pensioners) to File Paper Returns Between 24th August to 31st August, 2015 at Pratyaksha Kar Bhawan in National Capital;

Special Facilitation Counters for Senior Citizens and Differently Abled Persons;

These Counters to Facilitate Smaller Tax Payers Having Salary/Pension Income But Their Total Income do not Exceed Rs. 5 Lakhs or Their Returns do not Contain any Claim for Refund

The Principal, Chief Commissioners of Income Tax, New Delhi will be organizing Special Return Counters for Salaried Tax Payers (including pensioners) between 24th August to 31st August, 2015 at Pratyaksha Kar Bhawan, Civic Centre, Minto Road, New Delhi. The camp will be inaugurated by Chairperson of the Central Board of Direct Taxes(CBDT), Smt. Anita Kapur at 10.00 am. on Monday,24th August 2015

The special counters are being organized to facilitate smaller tax payers having salary/pension income, to file paper returns. Taxpayers may note that for the assessment year 2015-16, corresponding to the financial year 2014-15, e-filing of return of income is mandatory for persons whose total income exceeds Rs. 5 lakhs or if the return contains a claim for refund. Paper Returns in such cases will not be accepted.

However, the income limit of Rs. 5 lakhs and claim of refund will not apply to taxpayer over the age of 80 years deriving salary/pension income. In such cases paper returns will be accepted.

The special counters would be set-up jurisdiction wise as follows:

• For PCIT-22 Charge (Government salary)-‘B’ Block, Ground floor of Civic Centre, Minto Road, New Delhi.
• For PCIT-23 Charge(PSUs/Bank employees/School and College employees)-‘C’ Block, Ground floor, Civic Centre, Minto Road, New Delhi.
• For PCIT-24 Charge (Private salaries)- ‘C’ block, Civic Centre, Minto Road, New Delhi.

There will be special facilitation counters for senior citizens and differently abled persons.

Facilities like a Helpdesk, assistance of Tax Return Preparers (TRPs), UTI/NSDL counters, banking, tax payment facility, PAN verification counters, drinking water, and emergency medical aid will be available at the venue.

Similar facilitation counters are being set-up in other metropolitan cities based on the local requirement.

Source: PIB News

2nd and 4th Saturday as Holidays in Banks w.e.f. 1st Sep, 2015: DFS Notification

Wage Negotiation between IBA Workmen Unions and Officers’ Association - 10th BPS - 2nd and 4th Saturday as Holidays, DFS Order and Notification

F.No.4/1l7/2015-IR

Government of India

Ministry of Finance

Department of Financial Services

Jeevan Deep, IIIrd Floor,

Parliament Street. New Delhi

Dated the August 20. 2015

To
1. Dy. Governor,
Reserve Bank of India.
Central Office,
Mumbai.

2. Chief Executive,
Indian Banks’ Association,
Mumbai.

Subject: Wage Negotiation between IBA Workmen Unions and Officers’ Association - 10th BPS - 2nd and 4th Saturday as Holidays

Sir,

I am directed to refer to IBA’s letter No. HR&IR/XBPS/3/975 dated 25th June, 2015 and RBI's letter No.DBR(Leg.)No.953/09.04.022/2015-16 dated 15.7.2015 on the subject cited above and to enclose herewith a copy of the Notification(in English and in Hindi) regarding declaring every second and fourth Saturday of every month as public holiday for banks in India with effect from 1st September, 2015.

2. RBI and IBA are requested to take necessary action accordingly.

3. This issues with the approval of Competent Authority.

Yours faithfully.

Encl. As above

(Manish Kumar)

Under Secretary to the Government of India

To be published in the Gazette of India, Extra ordinary, Part II, Section 3, Sub-section (II)

MINISTRY OF FINANCE

(DEPARTMENT OF FINANCIAL SERVICES)

NOTIFICATION

NEW DELHI, THE 20 AUGUST ,. 2015

S.0. - (E) In exercise of the powers conferred by section 25 of the Negotiable Instruments Act, 1881 (26 of 1881), the Central Government hereby declares the second and the fourth Saturday of every month as publlc holiday for banks In India, whether or not such banks are Included In the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), with effect from the 1st day September, 2015.

(F. No. 4/1/712015-IR]

sd/-

(Mohammad Mustafa)

Joint Secretary to the Government of India

To
The Manager,
Government of India Press,
Ring Road, Mayapuri,
New Delhi -1 10064.

Via: Staffnews.in

CSD Canteen FAQ

Canteen Stores Department

Canteen Facilities to Defence Personnel, Ex-servicemen

CSD Canteen: FREQUENTLY ASKED QUESTIONS

Q1 Do I have to pay any penalty for making new Smart Card after I have lost the old Card? 

A1  (a) Penalties on Loss of Smart Cards Yes, In case of loss of Canteen Smart Card (Grocery/Liquor) by an individual following penalties will be levied in addition to costs of Smart Card and penalty amount will be merged with the URC profit :-

Loss/Card	Liquor	Grocery
First Time	Rs. 500/-	Rs. 500/-
Second and subsequent Time	Rs. 1000/-	Rs. 1000/-

Note. Chairman of the URC may wave off the Penalty depending upon the genuineness of the loss, in exceptional cases. 

(b) There have been few cases of misuse of lost Smart cards. Therefore, loss of Canteen Smart Card is being dealt with strictly. In addition to person applying afresh for the card and giving wrong details, responsible scrutinizing staff/ countersigning authority will also be held accountable for wrong details in application for fresh Individual Smart Card.

Q2. Why restrictions are laid by some URCs on entry as well as issue of items to authorized persons?

A2. Misuse of canteen facilities is detrimental to the welfare of the genuine buyers. This needs to be curbed. Sometimes temporary restrictions are also put on place due to short supply of certain items or excess purchase of certain items by customers during particular season. The responsibility to manage the available inventory as also to curb misuse of facility, lies with the Chairman of URCs. In order to streamline and further refine the procedures, following is being implemented:-

(a) No Bulk Purchases by Individuals. No bulk purchases by an individual are permitted. URCs can lay down restrictions at local level to ensure the same. However, all bulk purchases, if valid reasons necessitate, will be supported by one time use written permission of the Chairman of URC.

(b) Strict check on entry and allowing only authorized persons to avail canteen facilities. Entry into any URC will be purely Smart Card based by personal appearance.

Q3 . What are orders on the issue of liquor?

A3 Liquor Quota. There is no change in liquor authorization. However, it is limited as per brand/type for better planning and control over quality & quantity. As such, following restrictions are presently enforced:-

(i) Officers. Scotch whisky permitted up to 50% of total entitlement.

(ii) JCOs & Eqvl. Not more than three Whisky bottles including one Scotch Whisky of the entitlement.

(iii) Others. Not more than two Whisky bottles including one Scotch Whisky of the entitlement.

Note. This restriction will be revised by the DDGCS from time to time as per requirement, availability of funds and stock position.

Q4 What is the entitlement for purchase of car?

A4 Four Wheelers(Car). An entitled person based on his purchasing power will be entitled to purchase first or subsequent car only after years and up to capacity as mentioned below:-

(a) Officers (Incl Retd) - Four years and upto 2500 cc capacity.

(b) JCOs/Eqvl granted Hony Commission (lncl Retd) – Seven years and upto 1500 cc capacity

(c) JCOs/OR & Eqvl (Incl Retd) - Once while in service and once after retirement up to 1400cc capacity.

Q5. Is there a minimum service limit for purchase of car by JCOs/ OR?

A5. Yes, A JCO/ OR should have rendered min 15 years of color service to apply for a car.

Q6. What are restrictions on purchase of a 2-Wheeler?

A6 All categories (Incl Retd) can buy a 2- wheeler after every three years. .

Q7. Is there any restriction on AFD items?

A7. AFD Items like Refrigerator, TV, Washing Machine etc can be purchased after every three years by all categories.

Note: Control Over AFD Items will be reviewed from time to time as per requirement, availability of stores and budgetary situation of CSD.

Q9. What are the orders for entry into a URC?

A9. Entry into any URC will be purely Smart Card based by personal appearance. In case a particular Offr/JCO/OR/Equivalent is unable to present himself personally due to valid reasons like old age or acute medical problem, a permission, signed by the Chairman/ CO/OC of the unit/ establishment running the URC must accompany the Smart Card with photo of the authorized person carrying it. Validity period and genuineness of requirement of such permission will be decided by the Chairman of the URC on case to case basis.

Source: http://indianarmy.gov.in/

Seventh Pay Commission may not lower retirement age

Seventh Pay Commission may not lower retirement age

New Delhi: The Seventh Pay Commission is not likely to take a major decision of the lowering of the retirement age for central government employees to 58 years old, two years earlier than what the present law requires.

Since studies show that Indian people reaching the age of 50 years old tend to suffer from a decline of cognitive and physical abilities.

That older employees also find it harder to adapt to modern technology, which is must required to develop the nation.

The youth people in country have increased and so the pay panel may want to focus on Youth unemployment as, “More retirees would mean more job openings for the youth.”

But no discussion has made on the proposal to either raise or reduce the retirement age of central government employees from the present 60 years in the pay panel till date.

The pay panel is likely to keep the retirement age of central government employees unchanged at 60 years, a senior official of the pay panel said.

“We are not going to either recommend lowering or raising the retirement age. If we lower the age limit, the pension burden will bust the government’s medium-term fiscal targets,” he added.

However, the Seventh Pay Commission urged the finance ministry to extend the deadline by a month to submit its recommendations. Accordingly it is expected to submit its report by the end of September. The time allotted for the commission ends this month.

“There are some data points that are missing, which we hope to get by this month end. We are trying to submit the report by 20 September,” the official of the pay panel also said.

The Pay panel report may be effective from by April 2016.

TST