Tuesday, May 7, 2019

7th CPC - Grant of Special Compensatory Allowance subsumed under TLA

Implementation of the recommendations of 7th CPC - Grant of Special Compensatory Allowance subsumed under TLA

File No.No.6-23(02)/2019-PAT
F No.6-23(02)/2019-PAT
Government of India
Ministry of Communications
Department of Telecommunications
Sanchar Bhawan, 20, Ashoka Road,
New Delhi -110001
Dated: 07/02/2019
CIRCULAR No. 103 

Subject: Implementation of the recommendations of 7th Central Pay Commission - Grant of Special Compensatory Allowances subsumed under Tough Location Allowance - reg.

The undersigned is directed to forward herewith a copy of Ministry of Finance, Department of Expenditure OM No.3/1/2017-E. II (B) dated 17th January, 2019 on the subject cited above for information/ necessary action and O.M. of even number dated 19th July, 2017 has already been circulated vide this office No.31 bearing No.6-23(11)/2017-PAT dated 01/08/2017 ( copy enclosed)
Encl: As above.
(Patanjali Prakash)
Assistant Director General (PAT)
Phone:23036245
No.3/1/2017-E,II(B)
Government of India
Ministry of Finance
Department of Expenditure
New Delhi, the 19th July, 2017.
OFFICE MEMORANDUM

Subject: Implementation of the recommendations of 7th Central Pay Commission - Grant of Special Compensatory Allowances subsumed under Tough Location Allowance.

Consequent upon the acceptance of the recommendations of Seventh Central Pay Com
mission, in supersession of the existing orders for grant of Special Compensatory Allowances viz. Special Compensatory (Remote Locality) Allowance, Bad Climate Allowance, Special Compensatory Scheduled /Tribal Area Allowance and Sunderban Allowance which have been subsumed In Tough Location Allowance, the President is pleased to decide the rates of these Special Compensatory Allowances (subsumed in Tough Location Allowance) to Central Government employees as under :
7th-CPC-Special-Compensator



  1. These rates shall increase by 25 per cent whenever the Dearness Allowance payable on the revised pay structure goes up by 50 per cent.
  2. The term 'Pay Level' in the revised pay structure mean the 'Level in the Pay Matrix.
  3. In respect of those employees who opt to continue in their pre-revised pay structure/Pay scales, the corresponding Level in the Pay Matrix of the post occupied on 01.01.2016 as indicated in CCS (Revised Pay) Rules, 2016 would determine the allowance under these orders.
  4. Sunderban Allowance categorised 'as Tough Location Allowance-III shall be admissible to the Central Government civilian employees working in Sunderban areas South of Dampier Hodge's llne, namely, Bhagatush Khali (Rampura), Kumlrmari (Bagna), Jhlnga Khali, Sajnakhali, Gosaba, Amlamathi (Bidya), Canning, Kultall, Plyali, Nalgaraha, Raidighi, Bhanchi, Pathar Paratlma, Bhagabatpur, Saptamukhl, Namkhane, Sikarpur, Kakdwlp, Sagar 1 Mouslni, Kalinagar, Haroa, Hlngalganj, Basanti, Kuemari, Kultola, Ghuslghata (Kulti) area. The allowance shall be admissible only upto the period for which the Government of West Bengal continues to pay this allowance to its employees.
  5. Scheduled tribal Area Allowance and Bad Climate Allowance categorise Tough Location Allowance III shall be admissible only in those States where Scheduled/ Tribal Area Allowance and Bad Climate Allowance are admissible and shall be discontinued in those States where it has been discontinued for the State Government employees with effect from the date(s) of such discontinuance.
  6. In the event of a place falling In more than one category, the higher rate of Tough Location Allowance will be applicable.
  7. Tough Location Allowances shall not be admissible along with Special Duty Allowance. However, employees have the option for continuing Special Compensatory (Remote Locality) allowance at old. rates of 6th CPC. where it was admissible, along with Special Duty Allowance at revised rate of 10% ·of Basic Pay. ·
  8. Employees may exercise their option to choose either Hard Area Allowance which Is admissible alongwith Island Special Duty Allowance or one of the Special Compensatory Allowance, subsumed under Tough Location Allowance as mentioned in Para 1 above ..
  9. These orders take effect from 1st July, 2017.
  10. These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant head of the Defence Services Estimates. In regard to Armed Forces personnel and Railway employees, separate orders will be issued by the Ministry of Defence and Ministry of Railways, respectively.
  11. In so far as the employees working in the Indian Audit and Accounts Department are concerned, these orders are issued with the concurrence of the Comptroller and Auditor General of India.
Hindi version is attached.
DoT

Return of NPS Scheme (Central Government Scheme) as on March 2019

Return of NPS Scheme (Central Government Scheme)as on March 2019

Return of NPS Scheme

Return chart of individual NPS schemes as on 31 March, 2019

ParticularsSBIPF
Assets (Rs in crore )38,453.66
Scheme Inception Date1-Apr-08
NAVSBIPF
31-Mar-1928.4334
52 Week High28.4334
52 Week Low25.7230
RETURNSSBIPF
3 Months2.86%
6 Months8.32%
1 Years8.94%
2 Years7.50%
3 Years9.35%
5 Years10.68%
Since Inception9.96%
PORTFOLIOSBIPF
Top 5 Holdings8.17 % G- Sec 2044,
8.83% Goi 2041,
9.23% Gsc 2043,
7.40 % Goi 2035,
9.20% Goi 2030
Weigtage of top 5 Holdings,%10.44
Top 3 SectorsGovernment Sector,Banking Finance Sector,Financial Institutions
ParticularsLICPF
Assets (Rs in crore )33,995.76
Scheme Inception Date1-Apr-08
NAVLICPF
31-Mar-1927.5968
52 Week High27.5968
52 Week Low25.0472
RETURNSLICPF
3 Months2.60%
6 Months8.07%
1 Years8.72%
2 Years7.27%
3 Years9.26%
5 Years10.42%
Since Inception9.67%
PORTFOLIOLICPF
Top 5 Holdings8.17% G-Sec 2044,
9.23% G-Sec 2043,
7.88% G-Sec 2030,
7.73% G-Sec 2034,
6.68% G sec 2031
Weigtage of top 5 Holdings,%15.38
Top 3 SectorsGovt. Sec, Finance, Banks
ParticularsUTIRSL
Assets (Rs in crore )36,561.29
Scheme Inception Date1-Apr-08
NAVUTIRSL
31-Mar-1927.5576
52 Week High27.5576
52 Week Low25.0085
RETURNSUTIRSL
3 Months2.96%
6 Months8.27%
1 Years8.82%
2 Years7.53%
3 Years9.53%
5 Years10.59%
Since Inception9.65%
PORTFOLIOUTIRSL
Top 5 Holdings6.68% GSEC 2031,
8.13% GSEC 2045,
8.17% GSEC 2044,
6.84% GSEC 2022,
6.79% GSEC 2029
Weigtage of top 5 Holdings,%12.90
Top 3 SectorsBanks, Other credit granting, Housing credit Institutions
SCHEME BENCHMARK RETURN
3 month2.47%
6 month8.04%
1 year8.48%
2 years6.83%
3 years6.83%
5 years10.31%

NPS Fund Value 2019 - Central & State Pension Fund NAV as on 6.5.2019

NPS Fund Value 2019 - Central & State Pension Fund NAV as on 6.5.2019

NPS Fund Value 2019

Central & State Pension Fund NAV as on 6.5.2019

Central Government : The Central Government had introduced the National Pension System (NPS) with effect from January 1, 2004 (except for armed forces). Pension Fund Regulatory and Development Authority (PFRDA), the regulatory body for NPS, has appointed NSDL as Central Recordkeeping Agency (CRA) for National Pension System. CRA is the first of its kind venture in India which is carrying out the functions of Record Keeping, Administration and Customer Service for all subscribers under NPS. CRA shall issue a Permanent Retirement Account Number (PRAN) to each subscriber and maintain database of each Permanent Retirement Account along with recording transactions relating to each PRAN.

In NPS, a government employee contributes towards pension from monthly salary along with matching contribution from the employer. The funds are then invested in earmarked investment schemes through Pension Fund Managers.

State Government: The Central Government had introduced the National Pension System (NPS) with effect from January 01, 2004 (except for armed forces). Pension Fund Regulatory and Development Authority (PFRDA), the regulatory body for NPS, finalised the architecture and appointed NSDL as Central Record keeping Agency (CRA) and other entities for National Pension System. Subsequently, various State Governments adopted this architecture and implemented NPS with effect from different dates.

In NPS, a government employee contributes towards pension from monthly salary along with matching contribution from the employer. The funds are then invested in earmarked investment schemes through Pension Fund Managers.”
SBI PENSION FUND SCHEME
CENTRAL GOVT – 28.3906 as on 06-05-2019


SBI PENSION FUND SCHEME
STATE GOVT – 24.3798 as on 06-05-2019

UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME
CENTRAL GOVT – 27.4766 as on 06-05-2019

UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME
STATE GOVT – 24.4492 as on 06-05-2019


LIC PENSION FUND SCHEME
CENTRAL GOVT – 27.5709 as on 06-05-2019


LIC PENSION FUND SCHEME
STATE GOVT – 24.6003 as on 06-05-2019

Railway Board Order - Grant of Air Travel permission to RPF / RPSF personnel on Jammu - Srinagar sector

Railway Board Order - Grant of Air Travel permission to RPF / RPSF personnel on Jammu - Srinagar sector

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)
No. F(E)I/2019/AL-28/21
New Delhi, dated:29.03.2019
The General Manager,
All Indian Railways / PUs,
(As per standard mailing list).

Sub: Grant of Air Travel permission to RPF / RPSF personnel on Jammu - Srinagar sector.

The proposal regarding grant of Air Travel permission to RPF / RPSF personnel on Jammu - Srinagar sector has been considered by Board (FC & CRB) and it has been decided that the non-entitled personnel of Railway Protection Force (RPF) and Railway Protection Special Force (RPSF) are allowed to travel by air from Jammu to Srinagar and back on official duty (on termination commencement at Jammu) for the period of one year i.e. up to 31.03.2020.

Extension of this period is subject to review from time to time.

This will also be subject to the other Terms & Conditions / instructions issued from time to time by Ministry of Finance / Board’s office on ‘Air travel’.
Sd/-
(Jitendra Kumar)
Dy.Director Finance Estt-I
Railway Board
Source: Indian Railways

Tax benefits under NPS, the Government Subscribers can make an additional investment in their NPS Tier I account

Tax benefits under NPS, the Government Subscribers can make an additional investment in their NPS Tier I account

Voluntary Contribution in Tier I account by Govt. Sector Subscribers

In order to avail Tax benefits under NPS, the Government Subscribers can make an additional investment in their NPS Tier I account. An additional deduction for investment up to Rs. 50,000 in NPS (Tier I account) is available exclusively to NPS subscribers. This additional investment can be made by the Subscribers by either of the following ways:

A. Through associated Nodal Office
B. Through eNPS portal
C. Through NPS Mobile App
D. By logging into the CRA System
E. Through Point of Presence (PoP)

A. Voluntary Contribution through associated Nodal Office {Pay and Accounts Office (PAO)/ Cheque Drawing and Disbursement Offices (CDDOs)}

Govt. Subscribers may approach their associated Nodal Offices (PAOs/ CDDOs) for processing of Voluntary Contributions in their Tier I account. The Nodal Office is required to carry out the following activities:

Download necessary utilities for preparation of contribution file i.e. File Preparation Utility (FPU) and File Validation Utility (FVU). Kindly note, these are separate utilities through which only Tier-II and Tier I Voluntary contributions can be prepared and validated. The utilities are available on CRA website – www.npscra.nsdl.co.in at the following link:

https://npscra.nsdl.co.in/
Prepare voluntary contribution details by using the FPU. Ensure that contribution type is selected as “Voluntary Contribution”.

Validate voluntary contribution file prepared using the FVU.

Upload Subscriber Contribution File (SCF) in the NPSCAN application (www.npscancra.com) by logging with the User ID and Internet Password (IPIN) provided by NSDLCRA. The procedure of Contribution upload will be similar to the upload of regular contribution files in NPS.
Nodal Office shall upload the SCF in respect of the Subscribers for whom clear funds are available on daily basis. The Nodal Office is required to remit the funds to the Trustee Bank latest by T+1 day (T being the date of receipt of clear funds) post upload of contribution details in the CRA system.

B. Voluntary Contribution through eNPS portal

The Subscribers can also pay voluntary contributions under Tier I online through eNPS. In order to contribute through eNPS, the Subscribers need to follow the below mentioned steps:
Visit the eNPS portal (https://enps.nsdl.com).

Click on the “Contribution” option.

On the next screen, the Subscriber will have to provide PRAN, Date of Birth, enter Captcha details and click on the “Verify PRAN” option. On clicking the “Verify PRAN” option, system will prompt for a One Time Password (OTP) and the same will be sent on the registered mobile number of the Subscriber. System will display a message to the Subscriber about generation of OTP. The Subscriber will enter the OTP and click on submit OTP option.

After submission of OTP, on the next screen the Subscriber will select the Tier Type as “Tier I” and enter the amount in “Voluntary contribution amount” section, select the “Payment Gateway Option”, tick on the declarations and finally click on “Make Payment” option.

Upon successful processing of the contribution, the units will be credited to Subscribers’ NPS account and an SMS/ Email alert will be sent to the Subscribers’ registered Mobile Number/ Email ID.

C. Voluntary Contribution through NPS Mobile App

Voluntary contribution in Tier I account can also be made using the NPS Mobile App.
NPS Mobile App can be downloaded from Playstore for android phones and Appstore for IOS phones (iPhone).

In NPS Mobile App, Subscriber is required to click on the “Contribution” option available on the Home screen.

On the next screen, Subscriber needs to enter the PRAN, Date of Birth and the Captcha details and click on “Verify PRAN” option.

App will prompt for a One Time Password (OTP) and the same will be sent to the registered mobile number of the Subscriber. App will display a message to the Subscriber about generation of OTP. The Subscriber will enter the OTP and click on submit OTP option.

After submission of OTP, on the next screen the Subscriber will select the Tier Type as “Tier I” and enter the amount, select the “Payment Gateway Option”, tick on the declarations and finally click on “Confirm Payment” option.

Upon successful payment, a receipt will get generated confirming the payment details.

D. Voluntary contribution by logging into the CRA System
One more option for Subscribers to contribute voluntarily in Tier I account is by logging into the CRA System with the User ID (i.e. the PRAN) and the Internet Password (IPIN).
In the CRA system, at the Home page, the Subscriber needs to go to Menu – Contribute Online <<>> Sub-menu - Make Online Contribution.

System will re-direct the Subscriber to the eNPS portal.
Further, the Subscriber needs to follow the procedure as explained under Point C above.

E. Voluntary contribution through Point of Presence (PoP)/ Point of PresenceService Providers (PoP-SP)
Subscribers may also approach the PoP/ PoP-SPs for making Voluntary Contribution in their Tier I account.

The list of PoPs/ PoP-SPs is available on CRA website (www.npscra.nsdl.co.in).

What are the tax benefits of NPS?

1. What are the tax benefits of NPS?
Income Tax Act allows benefits under NPS as per the following sections:

On Employee’s contribution: Employee’s own contribution is eligible for tax deduction under sec 80 CCD (1) of Income Tax Act up to 10% of salary (Basic + DA). This is within the overall ceiling of Rs. 1.50 Lacs under Sec. 80 CCE of the Income Tax Act.

On Employer’s contribution: Up to 10% of Basic & DA (no monetary ceiling) under 80CCD (2). This rebate is over and above 80 CCE limit of Rs. 1.50 lacs.

Voluntary Contribution: Employee can voluntarily invest an additional amount of Rs. 50,000 (or more) to the NPS Tier I account and claim tax deduction on the same under section 80 CCD 1(B), subject to a maximum of Rs. 50,000.

2. Which document can a Subscriber use as investment proof in order to avail the tax benefit?
A copy of the Annual Transaction Statement (Tier I) can be used as investment proof in order to avail tax benefits.

3. Can a Subscriber get loan under NPS?
No. At present, a Subscriber cannot avail loan against NPS holdings.

4. Are NPS returns guaranteed?
There is no investment return guarantee. As per the present guidelines of Pension Fund Regulatory & Development Authority (PFRDA, the regulator for NPS), in case of government employees, contributions towards pension are invested by three Pension Fund Managers (PFMs), viz., LIC Pension Fund Limited, SBI Pension Funds Private Limited and UTI Retirement Solutions Limited as per the stipulated guidelines.

The returns under NPS are totally market based i.e. they are based on the NAV of the Pension Fund schemes. The benefits will entirely depend upon the amount contributed and the investment growth upto the point of exit from NPS.

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