PSS Gr. B Examination rescheduled to 3-6-2012 (Sunday).
PSS Gr. B Examination for the year 2012 scheduled to be held on 27-5-2012 (Sunday) has now been re-scheduled to 3-6-2012 (Sunday).
source: CHQ blog
Tuesday, March 20, 2012
Governement revises GPF Interest rate to 8.6% from 01.12.2011
(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(1)-B(PD)/2011
Government of India
Ministry of Finance
(Department of Economic Affairs)
New Delhi, the 19th March, 2012
RESOLUTION
It is announced for general information that during the year 2011-2012, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight per cent) for the period from 1.4.2011 to 30.11.2011 and 8.6% (eight point six percent) with effect from 1.12.2011.
The funds concerned are:—
1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10. The Armed Forces Personnel Provident Fund.
2. Ordered that the Resolution be published in Gazette of India.
Welcome to PMG SK Region
Sri. Vineet Pandey, IPoS 1986 Batch Officer posted as Postmaster General South Karnataka Region. The Association welcomes Sir to SK Region and wishes him a successful tenure, peaceful stay.
2006-February to June Increment issue- Orders issued
Central Civil Services (Revised Pay) Rules, 2008 — Date of next increment in the revised pay structure under Rule 10 of the CCS(RP) Rules, 2008.
MOST IMMEDIATE
No.10/02/2011-E.III/A
Government of India
Ministry of Finance
Department of Expenditure
New Delhi, the 19th March, 2012
OFFICE MEMORANDUM
Subject:— Central Civil Services (Revised Pay) Rules, 2008 — Date of next increment in the revised pay structure under Rule 10 of the CCS(RP) Rules, 2008.
In accordance with the provisions contained in Rule 10 of the CCS (RP) Rules, 2008, there will be a uniform date of annual increment, viz. 1st July of every year. Employees completing 6 months and above in the revised pay structure as on 1st of July will be eligible to be granted the increment. The first increment after fixation of pay on 1.1.2006 in the revised pay structure will be granted on 1.7.2006 for those employees for whom the date of next increment was between 1st July, 2006 to 1st January, 2007.
2. The Staff Side has represented on this issue and has requested that those employees who were due to get their annual increment between February to June during 2006 may be granted one increment on 01.01.2006 in the pre-revised scale.
3. On further consideration and in exercise of the powers available under CCS(RP) Rules, 2008, the President is pleased to decide that in relaxation of stipulation under Rule 10 of these Rules, those central government employees who were due to get their annual increment between February to June during 2006 may be granted one increment on 1.1 .2006 in the pre-revised pay scale as a one time measure and there after will get the next increment in the revised pay structure on 1.7.2006 as per Rule 10 of CCS(RP) Rules, 2008. The pay of the eligible employees may be re-fixed accordingly.
4, In so far as the persons serving in the Indian Audit and Account Department are concerned, these orders are issued in consultation with the Comptroller & Auditor General of India.
sd/-
(Renu Jani)
Director
Monday, March 19, 2012
Union Budget 2012-13 Highlights
Posted· Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters
· GDP growth to be 7.6 per cent (+ 0.25 percent) during 2012-13
· Amendment to the FRBM Act proposed as part of Finance Bill. New concepts of “Effective Revenue Deficit” and “Medium Term Expenditure Framework” introduced
· Central subsidies to be kept under 2 per cent of GDP; to be further brought down to 1.75 per cent of GDP over the next 3 years.
· Proposed: Mobile based fertilizer management system; LPG transparency portal; scaling up and rolling out of Aadhar enabled payment for government schemes in at least 50 districts.
· Rs. 30,000 crore to be raised through disinvestment
· Efforts to reach broadbased consensus on FDI in multi-brand retail
· Rajiv Gandhi Equity Saving Scheme: to allow income tax deduction to retail investors on investing in equities
· Rs. 15,888 crore to be provided for capitalization of public sector banks and financial institutions
· A central “Know Your Customer” depository to be developed
· Swabhimaan: remaining habitations to be covered; to be extended to more habitations; ultra small branches to be set up in Swabhimaan habitations
· Investment in 12th Plan in infrastructure to go uptoRs. 50,00,000 crore; half of this is expected from private sector
· Tax Free Bonds of Rs. 60,000 crore to be allowed for financial infrastructure projects
· Allocation of Road Transport and Highways Ministry enhanced by 14 per cent to Rs. 25,360 crore
· Financial package of Rs. 3,884 crore for waiver of loans to handloom weavers and their cooperative societies; mega handloom clusters in Andhra, Jharkhand; weaver service centres in Mizoram, Nagaland and Jharkhand ; powerloom mega cluster in Maharashtra; Rs. 500 crore pilot schemes for geo-textiles in North-Eastern region
· Rs. 5,000 crore India Opportunities Venture Fund to help small enterprises
· Allocation to agriculture enhanced; RKVY gets Rs. 9,217 crore; BGREI gets Rs. 1,000 crore; Rs.2242 crore project to improve dairy productivity; Rs. 500 crore for coastal aquaculture
· Various other agricultural activities merged into 5 missions
· Target for agricultural credit raised to Rs. 5,75,000 crore
· Interest subvention for short-term crop loans to farmers at 7 per cent interest continues; additional 3 per cent for prompt paying farmers
· Rs. 200 crore for awards to incentivise agricultural research
· Provisions under rural housing fund increased to Rs. 4,000 crore from Rs. 3,000 crore
· Interest subvention of 1 percent on housing loans uptoRs. 15 lakh extended for one more year
· AIBP allocation raised by 13 per cent to Rs. 14,242 crore
· National Mission on Food Processing to be started in cooperation with State Governments
· Scheduled Caste Sub Plan allocation increases by 18 per cent to Rs. 37,113 crore; Tribal Sub Plan by 17.6 per cent to Rs. 21,710 crore
· Multi-sectoralprogramme to address maternal and child malnutrition in 200 high burden districts
· 58 per cent rise in allocation to ICDS, at Rs. 15,850 crore
· Rural drinking water and sanitation gets 27 per cent rise in allocation to Rs. 14,000 crore; PMGSY gets 20 per cent rise to Rs. 24,000 crore
· Projects covering length of 8800 km to be awarded under NHDP against 7,300 km during 2011-12
· RTE-SSA gets Rs. 25,555 crore allocation, showing an increase of 21 per cent; 6000 schools to be set up at block level as model schools in the 12th Plan; Credit Guarantee Fund to be set up for better flow of credit to students
· National Urban Health Mission is being launched
· 34 per cent increase in allocation to National Rural Livelihood Mission, to Rs. 3915 crore
· Rs. 1000 crore allocated for National Skill Development Fund
· Bharat Livelihood Foundation to be established to support livelihood interventions particularly in tribal areas
· Widow pension and disability pension raised from Rs. 200 to Rs. 300 per month
· Grant on death of primary breadwinner of a BPL family in the age group 18-64 years doubled to Rs. 20,000
· Defence services get Rs. 193407 crore; any further requirement to be met
· 4000 residential quarters to be constructed for Central Armed Police Forces
· UID-Aadhar to get adequate funds for enrolment of 40 crore persons, in addition to the 20 crore persons already enrolled
· White Paper on Black Money to be laid in the current session of Parliament
· Tax proposals mark progress in the direction of movement towards DTC and GST
· Income tax exemption limit raised from Rs.1,80,000 to Rs.2,00,000; upper limit of 20 per cent tax slab raised from Rs.8 lakh to Rs.10 lakh
· Interest from savings bank accounts deductible upto Rs.10,000; deduction of upto Rs.5,000 for preventive health check-up
· Senior citizens without business income exempt from advance tax
· Investment linked deduction of capital expenditure enhanced for certain businesses; new sectors eligible for investment linked deduction
· Turnover limit for compulsory tax audit for SMEs raised from Rs.60 lakh to Rs.1 crore
· STT on cash delivery reduced by 20 per cent to 0.1%
· General Anti Avoidance Rule being introduced to counter aggressive tax avoidance
· A number of measures proposed to deter generation and use of unaccounted money
· All services to attract service tax except those in the negative list
· Central Excise and Service Tax being harmonized
· Standard rate of excise duty raised from 10 per cent to 12 per cent; service tax rates raised from 10 per cent to 12 per cent; no change in peak customs duty of 10 per cent on non-agricultural goods
· Relief in indirect taxes to sectors under stress; agriculture, infrastructure, mining, railways, roads, civil aviation, manufacturing, health and nutrition, and environment get duty relief
· Certain cigarettes and bidis attract higher excise duty; large cars attract higher customs duty
· Excise imposed on unbranded jewellery also; measures to minimize impact on small artisans and goldsmiths; branded silver jewellery exempted from excise duty
· Net gain of Rs.41,440 crore due to taxation proposals
· Total expenditure budgeted at Rs. 14,90,925 crore; plan expenditure at Rs. 5,21,025 crore – 18 per cent higher than 2011-12 budget; non plan expenditure at Rs. 9,69,900 crore
· Fiscal deficit targeted at 5.1 per cent of GDP, as against 5.9 per cent in revised estimates for 2011-12
· Central Government debt at 45.5 per cent of GDP as compared to Thirteenth Finance Commission target of 50.5 per cent
· Medium-term Expenditure Framework Statement to be introduced; will set forth 3-year rolling target for expenditure indicators
Source:pib
Posted· Budget identifies five objectives relating to growth recovery, private investment, supply bottlenecks, malnutrition and governance matters
· GDP growth to be 7.6 per cent (+ 0.25 percent) during 2012-13
· Amendment to the FRBM Act proposed as part of Finance Bill. New concepts of “Effective Revenue Deficit” and “Medium Term Expenditure Framework” introduced
· Central subsidies to be kept under 2 per cent of GDP; to be further brought down to 1.75 per cent of GDP over the next 3 years.
· Proposed: Mobile based fertilizer management system; LPG transparency portal; scaling up and rolling out of Aadhar enabled payment for government schemes in at least 50 districts.
· Rs. 30,000 crore to be raised through disinvestment
· Efforts to reach broadbased consensus on FDI in multi-brand retail
· Rajiv Gandhi Equity Saving Scheme: to allow income tax deduction to retail investors on investing in equities
· Rs. 15,888 crore to be provided for capitalization of public sector banks and financial institutions
· A central “Know Your Customer” depository to be developed
· Swabhimaan: remaining habitations to be covered; to be extended to more habitations; ultra small branches to be set up in Swabhimaan habitations
· Investment in 12th Plan in infrastructure to go uptoRs. 50,00,000 crore; half of this is expected from private sector
· Tax Free Bonds of Rs. 60,000 crore to be allowed for financial infrastructure projects
· Allocation of Road Transport and Highways Ministry enhanced by 14 per cent to Rs. 25,360 crore
· Financial package of Rs. 3,884 crore for waiver of loans to handloom weavers and their cooperative societies; mega handloom clusters in Andhra, Jharkhand; weaver service centres in Mizoram, Nagaland and Jharkhand ; powerloom mega cluster in Maharashtra; Rs. 500 crore pilot schemes for geo-textiles in North-Eastern region
· Rs. 5,000 crore India Opportunities Venture Fund to help small enterprises
· Allocation to agriculture enhanced; RKVY gets Rs. 9,217 crore; BGREI gets Rs. 1,000 crore; Rs.2242 crore project to improve dairy productivity; Rs. 500 crore for coastal aquaculture
· Various other agricultural activities merged into 5 missions
· Target for agricultural credit raised to Rs. 5,75,000 crore
· Interest subvention for short-term crop loans to farmers at 7 per cent interest continues; additional 3 per cent for prompt paying farmers
· Rs. 200 crore for awards to incentivise agricultural research
· Provisions under rural housing fund increased to Rs. 4,000 crore from Rs. 3,000 crore
· Interest subvention of 1 percent on housing loans uptoRs. 15 lakh extended for one more year
· AIBP allocation raised by 13 per cent to Rs. 14,242 crore
· National Mission on Food Processing to be started in cooperation with State Governments
· Scheduled Caste Sub Plan allocation increases by 18 per cent to Rs. 37,113 crore; Tribal Sub Plan by 17.6 per cent to Rs. 21,710 crore
· Multi-sectoralprogramme to address maternal and child malnutrition in 200 high burden districts
· 58 per cent rise in allocation to ICDS, at Rs. 15,850 crore
· Rural drinking water and sanitation gets 27 per cent rise in allocation to Rs. 14,000 crore; PMGSY gets 20 per cent rise to Rs. 24,000 crore
· Projects covering length of 8800 km to be awarded under NHDP against 7,300 km during 2011-12
· RTE-SSA gets Rs. 25,555 crore allocation, showing an increase of 21 per cent; 6000 schools to be set up at block level as model schools in the 12th Plan; Credit Guarantee Fund to be set up for better flow of credit to students
· National Urban Health Mission is being launched
· 34 per cent increase in allocation to National Rural Livelihood Mission, to Rs. 3915 crore
· Rs. 1000 crore allocated for National Skill Development Fund
· Bharat Livelihood Foundation to be established to support livelihood interventions particularly in tribal areas
· Widow pension and disability pension raised from Rs. 200 to Rs. 300 per month
· Grant on death of primary breadwinner of a BPL family in the age group 18-64 years doubled to Rs. 20,000
· Defence services get Rs. 193407 crore; any further requirement to be met
· 4000 residential quarters to be constructed for Central Armed Police Forces
· UID-Aadhar to get adequate funds for enrolment of 40 crore persons, in addition to the 20 crore persons already enrolled
· White Paper on Black Money to be laid in the current session of Parliament
· Tax proposals mark progress in the direction of movement towards DTC and GST
· Income tax exemption limit raised from Rs.1,80,000 to Rs.2,00,000; upper limit of 20 per cent tax slab raised from Rs.8 lakh to Rs.10 lakh
· Interest from savings bank accounts deductible upto Rs.10,000; deduction of upto Rs.5,000 for preventive health check-up
· Senior citizens without business income exempt from advance tax
· Investment linked deduction of capital expenditure enhanced for certain businesses; new sectors eligible for investment linked deduction
· Turnover limit for compulsory tax audit for SMEs raised from Rs.60 lakh to Rs.1 crore
· STT on cash delivery reduced by 20 per cent to 0.1%
· General Anti Avoidance Rule being introduced to counter aggressive tax avoidance
· A number of measures proposed to deter generation and use of unaccounted money
· All services to attract service tax except those in the negative list
· Central Excise and Service Tax being harmonized
· Standard rate of excise duty raised from 10 per cent to 12 per cent; service tax rates raised from 10 per cent to 12 per cent; no change in peak customs duty of 10 per cent on non-agricultural goods
· Relief in indirect taxes to sectors under stress; agriculture, infrastructure, mining, railways, roads, civil aviation, manufacturing, health and nutrition, and environment get duty relief
· Certain cigarettes and bidis attract higher excise duty; large cars attract higher customs duty
· Excise imposed on unbranded jewellery also; measures to minimize impact on small artisans and goldsmiths; branded silver jewellery exempted from excise duty
· Net gain of Rs.41,440 crore due to taxation proposals
· Total expenditure budgeted at Rs. 14,90,925 crore; plan expenditure at Rs. 5,21,025 crore – 18 per cent higher than 2011-12 budget; non plan expenditure at Rs. 9,69,900 crore
· Fiscal deficit targeted at 5.1 per cent of GDP, as against 5.9 per cent in revised estimates for 2011-12
· Central Government debt at 45.5 per cent of GDP as compared to Thirteenth Finance Commission target of 50.5 per cent
· Medium-term Expenditure Framework Statement to be introduced; will set forth 3-year rolling target for expenditure indicators
Source:pib
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