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Tuesday, 23 June 2015

Demand of staff side to increase the subscription and the insurance coverage – NC JCM

Demand of staff side to increase the subscription and the insurance coverage – NC JCM

“The Staff Side recalled the assurance held out by the Commission earlier to have the actuarial assessed by an expert agency to accede to the demand of the staff side to increase the subscription and the insurance coverage. The Staff Side was of the opinion that their suggestion to share the subscription in the ratio of 3:7 was reasonable but in the absence of an expert study, the Government might not accept the same. The commission said that they would explore the possibility of such an assessment by the LIC before finalization of the report.”

Feedback of NC JCM meeting with 7th Pay Commission
Shiva Gopal Mishra
Secretary
Ph: 23382286
National Council (Staff Side)
Joint Consultative Machinery
13-C, Ferozshah Road, New Delhi – 110001
E-Mail: nc.jcm.ni@gmail.com
No.NC/JCM/2015
Dated: June 15, 2015
All Constituent Organisations of National Council(JCM)
Dear Comrades,
As indicated in our last circular letter, the final meeting with the 7th CPC was hled on 9.6.2015. Earlier on 8th afternoon, the Staff side had met separately to chalk out the course of negotiations. The National JCA also met on the same day. The National Anomaly Committee met on 9th June, 2015 at 3.00 pm under the Chairmanship of Joint Secretary (E) Department of Personnel at Room No. 72 North Block, New Delhi. We give hereunder a brief synopsis of the discussions at all the meetings.

1. Meeting with 7thCPC
The following Staff Side members were present at the Meeting:- Com. M. Raghavaiah(Leader Staff Side – NFIR), Com. Shiva Gopal Mishra(Secretary, Staff Side-AIRF), Com. Guman Singh, Com. R.P. Bhatnagar and Com. B.C. Sharma(all from NFIR), Com. Rakhal Dasgupta, Com. J.R. Bhosale (AIRF), Com. KKN Kutty, Com. M.S. Raja and Com. M. Krishnan (from Confederation and NFPE), Com. Srikumar and Com. R.N. Pathak(from AIDEF) Com. Srinivasan and Com. Surjeet Singh( From INDWF).
(a) Date of Effect – The Chairman has made it clear that the Commission would recommend 1.1.2016 as the date of effect of their recommendations. The Commission would finalise its report by end of August and would submit the same to the Government thereafter. They would adopt Dr. Aykroyd formula for the computation of the Minmum wage. To the specific query made by the Staff Side, the Commission said that they would factor the probable increase In the rate of retail prices of the commodities and would arrive at the minimum wage as on 1.1.2016. There had been no reply to the loss of wages to the employees due to the erosion of the real value of wages as there was no interim relief or benefit accrued from the merger of DA. These demands, therefore, stand rejected.

(b) Increase in the insurance coverage in cases of death in harness – The Staff Side recalled the assurance held out by the Commission earlier to have the actuarial assessed by an expert agency to accede to the demand of the staff side to increase the subscription and the insurance coverage. The Staff Side was of the opinion that their suggestion to share the subscription in the ratio of 3:7 was reasonable but in the absence of an expert study, the Government might not accept the same. The commission said that they would explore the possibility of such an assessment by the LIC before finalization of the report.

(c) Fitment Formula – The Commission might accept the suggestion made by the Staff Side in respect of fitment formula with requisite change in the ratio on the basis of the quantum of minimum wage determined.

(d) In the matters of rate of increment, quantum of allowances etc. – The Commission did not come out clearly of their thinking in the matter.

(e) Parity in Pension entitlement of the past and present pensioners – The Commission is yet to make up its mind on the suggestion made by the staff side in the matter. They however said that almost all the Pensioners organizations which met the Commission had pleaded for this and the same is linked with the one rank one pension demand of the Armed forces personnel.

(f) MACP Scheme – The difficulties and anomalies pointed out by the Staff Side and various other organizations have been taken note of by the Commission. The Commission assured to evolve a methodology to resolve the problem.

(g) Opposition to the induction of casual/daily rated workers and contractorisation – The Commission said that they were opposed to the unfair practice of exploitation of labour. For jobs which are of perennial and permanent character, regular workers must be recruited, the Commission added and that would obviate the need for outsourcing and contractorisation. Since most of the outsourced jobs do not require any academic qualification, the Commission was of the opinion that the revival of Group D cadre would help to address the issue. However, the Commission stated that if only the staff side sends in a communication in writing, the Commission would be able to make any recommendation in the matter. The Staff Side reiterated that they are totally opposed to outsourcing, induction of casual workers and contractorisation and the same has been made explicit in their memorandum.

(h) Parity in the pay scales between the personnel in the Central Sectt and those in the subordinate establishments – The Commission stated that they have appreciated the stand taken by the Staff Side in the matter. The Commission was non committal on other issues raised by the Staff Side members.
2. National Anomaly Committee meeting
The meeting was held at Room No. 72 North Block, under the Chairmanship of J.S(E) Department of Personnel and Training. In the initial remarks, the Staff side raised the following issues.
(a) Though the official side had promised to provide an action taken statement on all issues in the National Council, the same has not been supplied;

(b) No date for the National Council is indicated.

(c) No indication of the steps taken to convene the Departmental Councils. The official side had assured of the convening of the Departmental Council of the Ministry of Finance in the last meeting. However, the staff side has not been apprised of any date so far.

(d) Abnormal delay in replying to the references made to the Ministry of Finance, Department of Personnel from the Railways and other Ministries.

(e) The necessity to increase the ceiling limit of the rebate in Incometax for the allowances given to the Loco Pilots.

(f) Non-adherence to the GOI instructions by the Defence Ministry in certain matters.
The Official Side stated that the Action taken Statement was almost ready but for certain comments from Certain departments. The same would be sent to the staff Side and another meeting held to discuss the course of action required on items where no agreement could be reached. The JS (per) stated that some of the references received from the Railways had been sent back to them for clarification before a final decision is taken. Regarding increase in the rebate ceiling under the Income tax Act, the matter would be referred to the revenue department and requested the staff side to appreciate that the same has to be considered in a wider perspective. Thereafter the agenda items, which had not been discussed even once were taken up.
(i) Anomaly in the Pay Band and Grade Pay assigned to the Group B Officers of the Audit, Income Tax, Accounts, Central Excise and Customs and Postal Departments. (Agenda Item No. 1 and 8 taken together.) Despite agreeing that there existed an anomaly in the matter, the official side expressed their inability to proceed further in the matter as the Group B Officers were beyond the ambit of the JCM scheme. However, they agreed that the Govt. would submit take up the issue specifically with the 7th CPC. Com. Shiva Gopal Mishra said that the Govt. must consider a JCM set up for the promote officers as their cases are not heard or discussed at any other forum. Com. Kutty said that the items were introduced as early as in 2009 and it was not correct on the part of the official side to state that the same would be referred to the 7th CPC. Normally the Pay Commission would not entertain to consider the anomalies of the earlier Commissions. However, after some discussions, it was concluded that the Govt. must take up the issue with the 7th CPC, in spite of the fact that the Commission has almost reached its concluding stage.

(ii) Anomaly in the pay and Grade Pay of Data Processing Assistants Grade A.. The official side did not agree with the contention that the assigning of higher grade pay to certain categories of officers (7450-11500 and Grade Pay4600) was arbitrary. The Government, they added, had acted upon the recommendation of the 6th CPC. They also said that only in those cases where the pre-revised pay scales were in 6500-10500 such up-gradation had been made. In the case of DPA Grade A, they were in the pre revised scale of pay of Rs. 5500-9000.

(iii) Item No.3. Grant of Grade pay of Rs. 4200 to Lab Technicians. The official side said that the orders have been issued in the matter.

(iv) Item No.4. Up-gradation of Pay Band and Grade pay of LDCs and UDCs.
The Staff Side made the following points in support of the item:-
(a) The Grade pay of Rs. 1900 assigned to LDCs by the 6th CPC was without any logic and without appreciating the existing vertical relativity between Group D and LDCs and LDCs and UDCs.

(b) While creating the non functional grade in the grade pay of Rs. 4200 in the Central Secretariat, the Department of Personnel, which is the nodal department for all matters concerning the common categories, did not extend the benefit to the UDCs in the Subordinate offices.

(c) The Staff side also pointed out the Department while restructuring the cadre of stenographers in the Central Sectt. earlier, had extended the benefit to all Stenographers in the subordinate offices.
The official side stated that it was not possible for them to address the issue, whatever may be its justification in the background of the setting up of the 7th CPC. They however, assured to make a reference specifically to the Commission.

(v) Item No.5. Senior Clerks in DMS to be assigned grade pay of Rs. 4200. The matter was stated to be sub-judice. Staff Side, however, stated that, with the change in Recruitment Rules, they should brought at par with the Railways.

(vi) Item No. 6 and 12. The two agenda items being identical were take up together. The Staff side pointed out the glaring discrimination in the matter. They also stated that the number of employees involved is very small. On behalf of the Postal Department it was stated that the recruitment qualification in the
Postal Department was VIII Standard and ITI whereas in other establishment, the academic qualification stipulated was X Standard. The Staff side contested the same pointing out that no person is entitled to be admitted to ITI without having X standard qualification. They pointed out that the merger of Artisan Grade I and Charge hand was the root cause of the problem. The official side took the stand that in any case the anomaly cannot be removed at this stage and have to wait till the 7th CPC recommendations are made.

(vii) Item No. 7. Parity in pay scales between the Central Sectt. and subordinate offices. The official side said that the up-gradation of the pay scale of Central Sectt. Assistants were on well found grounds. The Government had considered the repercussion of the said decision and therefore, the decision is not possible to be either reversed or extended to any other category of employees. They added that perhaps the 7th CPC before whom the matter is already agitated by the employees organizations of the subordinate offices might take a decision in the matter.

(viii) Item No. 9 and 10. Higher grade pay for Medical Assistants and Store keepers. The Defence Ministry was asked to submit a detailed note to the Ministry of Finance indicating the duties and responsibilities assigned as also the recruitment qualifications stipulated in the RR to enable them to reconsider the issue.

(ix) Children Educational Allowance for any two children. The official side stated that the deviation made in identifying the eldest two children was consciously done taking into account the National Population policy and various other factors and is not likely to be changed. Regarding the claim for reimbursement of expenses incurred in the nursery class, as such institutions or classes are not linked to any Educational Boards, the official side said that they would look into the matter with a view to find a solution thereof.

Comradely yours,
sd/-
(Shiva Gopal Mishra)
Secretary (Staff Side) NC/JCM & Convener
Source: NC JCM Staff Side
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Fin Min reduces penalty for customs duty fraud by 10%

Fin Min reduces penalty for customs duty fraud by 10%

New Delhi: The penalty in cases of customs duty fraud has been reduced by 10 per cent by the Finance Ministry.

Section 28 of the Customs Act, 1962, has been amended and now the amount of penalty payable in cases involving fraud, collusion, wilful mis-statement or suppression of facts with the intent to evade payment of duty, shall be fifteen per cent instead of 25 per cent.

Also, there will be a penalty not exceeding ten per cent of the duty sought to be evaded or Rs 5,000, whichever is higher, for improper export and import of goods.

Sections 112 and 114 of the Customs Act which, respectively provide for penalty for improper import and export of goods, have been amended by insertion of new clauses to provide for a penalty of up to 10 per cent of the duty sought to be evaded or Rs 5,000, whichever is higher, according to Finance Act, 2015.
The Ministry has also rationalised imposition of penalty on central excise duty and service tax evasions by fraud and other means.

In case of any wilful evasion of central excise duty, a penalty equal to the duty evasion will be payable. Similarly, the penalty will be hundred per cent of Service Tax amount involved in such cases.

A reduced penalty equal to 15 per cent of the Service Tax amount is to be paid if Service Tax, interest and reduced penalty is paid within 30 days of service of notice in this regard, the Act said.

There will be no penalty imposed on an assessee if the customs, excise duties or service tax are not properly levied, if those amounts along with interest are paid within 30 days of issuance of show-cause notices, it said.
The penalty waiver, which is part of Finance Act, 2015, that got President Pranab Mukherjee’s assent last month, is applicable in cases of fraud, collusion or wilful mis-statements.

PTI
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Acceptance of election results for the block years 2015-17 for Central Government Employees Residents Welfare Association, Ashok Nagar, New Delhi-110018.

Acceptance of election results for the block years 2015-17 for Central Government Employees Residents Welfare Association, Ashok Nagar, New Delhi-110018.

No.5/63/2015-Welfare
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training
Lok Nayak Bhawan, New Delhi
Dated 15th,June 2015
To
Shri Ramesh K. Suri
Area Welfare Officer,
59/11, Ashok Nagar,
New Delhi-110018.

Subject: Acceptance of election results for the block years 2015-17 for Central Government Employees Residents Welfare Association, Ashok Nagar, New Delhi-110018.

Sir,
With reference to your letter on the subject mentioned above, it is informed that the election results as per details below, in respect of Central Government Employees Residents Welfare Association, Ashok Nagar, New Delhi for the block year 2015-17 has been accepted. Any change in the name and address with telephone Nos. of the Office Bearers may be intimated to this Department.

Sl.No. Name – S/Shri Post
1 Satvir Wadhwa President
2 Rajeev Sharma Vice-President
3 Rakesh Bhatia Secretary
4 Smt. Sneh Kumar Treasurer
5 Kamal Kishor Joint Secretary
6 S.K. Kalia Convener (Sports & Cul)
7 Smt. Anjali C Issar Convener (Ca & Health)
8 Satish kumar Gambhir Convener (Env & CRs)
9 Chanderkant Verma Member

Yours faithfully,
(Pratima Tyagi)
Director (Canteen)
Copy to:-
Shri Rakesh Bhatia
57/4, Ashok Nagar
New Delhi-110001.

Source: http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02adm/si.pdf
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Recruitment of Stenographers Grade ‘D’ in CSSS through Stenographers Grade ‘C: & ‘D’ Examination, 2014 conducted by Staff Selection Commission (SSC) – nomination of qualified candidates – reg

No.6/1/2015-CS-II(C)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
3rd Floor, Lok Nayak Bhawan,
Khan Market, New Delhi.
Dated 22nd June, 2015.
OFFICE MEMORANDUM

Subject: Recruitment of Stenographers Grade ‘D’ in CSSS through Stenographers Grade ‘C: & ‘D’ Examination, 2014 conducted by Staff Selection Commission (SSC) – nomination of qualified candidates – reg.

The undersigned is directed to say that based on the results of the Stenographers Grade ‘c’ & ‘D’ Examination-2014, the Staff Selection Commission recommended 129 candidates for appointment as Steno Grade ‘D’in CSSS. The examination dossiers of 125 (General -74, SC-17, ST-17, OBC-17) candidates have been received in this Department for appointment to the Stenographer Grade ‘D’ of CSSS for the Select List Year-2014.

2. As per the CTP issued vide this Department’s OM No.20/28/2010-CS-II(A) dated 20.102.2011,”the candidates who qualify Grade ‘D’ Stenographers Examination conducted by SSC would be directly nominated to Institute of Secretariat Training and Management (ISTM) for undergoing foundational training course and after successful completion, the candidates would be nominated to various Ministries/Departments by the DoP&T”.

3. In view of para-2 above, 109 Steno Grade ‘D’ of Steno Grade ‘c’ & ‘D’ Examination, 2014 have been nominated for Induction Training at ISTM w.e.f. 08.06.2015 to 17.07.2015 on receipt of their medical examination report from their present office/Civil Surgeon.

4. Ms. Lata Negi is,however,nominated to M/o Home Affairs without

undergoing mandatory Induction Training at ISTM. with the approval of competent authority in this Department ,with the condition that she will be nominated for special training programme for visually challenged officials in future and her probation period shall not be confirmed in the post till such time she passes the such examination conducted by the ISTM.

5. M/o Home Affairs is requested to ensure that in case some staff have been outsourced for stenographic assistance by showing the vacancies of Steno Grade ‘D’, the same may be reduced proportionately keeping in view the number of Steno Grade ‘D’ nominated to M/o Home Affairs. The Financial Adviser of M/o Home Affairs is also requested to ensure that outsourced stenographic assistance is proportionately reduced as the nominated Steno Grade ‘D’ join in the Cadre Unit.

(Kameshwar Mishra)
Under Secretary to the Govt. of India
TeIefax: 24623157
Source: http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02csd/latanegi.pdf
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Disciplinary action may be taken against Central Government Employees who are habitual late attendance – Dopt Orders on 22.6.2015

Disciplinary action may be taken against Central Government Employees who are habitual late attendance – Dopt Orders on 22.6.2015

Dopt once again issued orders on the subject of punctuality in Government Offices. The order is directed to take disciplinary action against Central Government employees who are habitual late attendance.

Observance of punctuality in Government Offices – Dopt Orders

G.I., Dept. of Per.& Trg., O.M.No.11013/9/2014-Estt.A-III, dated 22.6.2015

Subject: Observance of punctuality in Government Offices.

Instructions have been issued from time to time with regard to the need to observe punctuality by Government servants. Responsibility for ensuring punctuality in respect of their employees rests within Ministries/ Departments/ Offices.

2. The decision to introduce AADHAR enabled Bio-metric Attendance System (AEBAS) in Central Government offices, including attached/ sub-ordinate offices, to replace the manual system of marking of attendance to ensure punctuality is to be implemented in all Ministries/ Departments. This Department vide O.M. of even no. dated 21.11.2014 and 28.01.2015, while recognizing that the Biometric Attendance System is only an enabling platform had, inter-alia, stated that there was no change in the instructions relating to office hours, late attendance etc.

3. In this connection attention is invited to Rule 3(1)(ii) of CCS (Conduct) Rules, 1964 which stipulates that every Government servant shall at all times maintain devotion to duty. Habitual late attendance is viewed as conduct unbecoming of a Government servant and disciplinary action may be taken against such a Government servant. It is also added that punctuality in attendance is to be observed by Government servants at all levels.

4. It is also requested that the necessary directions may be issued to all employees to mark their attendance in BAS portal on regular basis.

Click to view the original order

Authority: www.persmin.gov.in
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BENEFITS & DRAWBACKS OF PAY BAND & GRADE PAY SYSTEMINTRODUCED BY SIXTH CENTRAL PAY COMMISSION

SUPPLEMENTARY MEMORANDUM SUBMITTED BY IRTSA
TO SEVENTH CENTRAL PAY COMMISSION

Chapter – 13

BENEFITS & DRAWBACKS OF PAY BAND & GRADE PAY SYSTEMINTRODUCED BY SIXTH CENTRAL PAY COMMISSION
13.1. Benefits& Drawbacks of Pay Band and Grade Pay system introduced by 6th CPC
Benefits & Drawbacks of Pay Band & Grade Pay System

  • Problem of Pay stagnation eliminated
  • Quantum of increment increases exponentially, but the difference is too large at higher levels.
  • Grade Pay decides the hierarchy.
  • Increase of Pay in Pay Band & Grade Pay is not uniform – in favour of higher scales.
  • Arbitrary adoption of formula of 40% of maximum of the merged scales for deciding the Grade Pay.
  • Inadequate rate on annual increment & increment during promotion.
  • Situation of senior promotes getting less pay than Junior direct recruits, is in violation of basic principle of Pay Band system.

i. Problem of stagnation in pay is eliminated, since pay bands are having long spans.

ii. If employees are stagnated at the maximum of any pay band for more than one year, continuously, he/she shall be placed in the immediate next higher pay band without change in the Grade Pay.

iii. Point to point fixation was facilitated by the pay band system, (with one increment in the revised pay cale for every three increments in the pre-revised scale)

  • But the employees with more years of service were placed in a disadvantageous position.

iv. Quantum of increment increases exponentially, instead of fixed rate of increment attached to every pay scale

  • But the difference became very large at higher levels – thus causing discrimination with those at middle & lower levels.
v. Grade Pay decides hierarchy / seniority of the post.
13.2. Main Draw backs of Pay Band and Grade Pay system introduced by 6th CPC

i. Increase between minimum basic pay of prerevised scale and minimum of every Revised Pay Band is not uniform. There is much greater increase in favour of PB-3 & PB-4.

ii. Arbitrary adoption of formula of 40% of maximum of the merged scales for deciding the Grade Pay – instead of progressive and proportionate rise of Grade Pay from one scale to the next.

iii. Disproportionate rise of pay after Sixth Pay commission – due to grant of disproportionate Higher Grade pays in higher scales (S-24 & above) as compared to S-4 to S-23 (Please see details in the following Table and also the table in next page)


iii. Disproportionate rise of pay after Sixth Pay commission – due to grant of disproportionate Higher Grade pays in higher scales (S-24 & above) as compared to S-4 to S-23 (Please see details in the following Table and also the table in next page)

Pay Band Minimum of V CPC scale Minimum of pay band No. of times increase of Pay after 6th CPC
1 2 3 4 (Col. 3 / 2)
S-1 2550 4440 1.74
PB-1 2750 5200 1.89
PB-2 5000 9300 1.86
PB-3 8000 15600 1.95
PB-4 14300 37400 2.62



Rise is 3 to 3.37 times at higher levels. (Please see Table at the end of this Chapter)

iv. Rate of annual increment (3% of basic pay) is inadequate.

v. Increment on promotion (difference in grade pay + one additional increment) is inadequate.

vi. Situation of senior promotes getting less pay than Junior direct recruits, is in violation of basic principle of Pay Band system. For example,

a. A JE with five years of service while getting regular promotion from Grade Pay Rs.4200 in PB-2 to Grade Pay Rs.4600 as SSE is fixed at a Basic pay of Rs. 16120 compared to the Direct recruit’s basic pay of Rs.17140.

b. A JE with five years of service while getting promotion (through LDCE) from Grade Pay Rs.4200 in PB-2 to Grade Pay Rs.4800 as AWM/AME/AE is fixed a Basic pay of Rs. 16120 compared to the Direct recruit’s basic pay of Rs.18150.

c. Pay on Promotion should be fixed at least at par with Entry Pay in the Revised Pay Structure for direct recruits.

Table for Para 13.2.iii

DISPROPORTIONATE RISE OF PAY AFTER SIXTH PAY COMMISSION
Pay
Band
Pay + GP V CPC minimum pay Sixth CPC Scale No. of times increase from V CPC to
VI CPC
Starting pay in Pay band Grade
Pay
Revised Basic pay
PB-1 5200-20200+1800 2750 5200 1800 7000 2.55
PB-1 5200-20200+1900 3050 5880 1900 7780 2.55
PB-1 5200-20200+2000 3200 6060 2000 8060 2.52
PB-1 5200-20200+2400 4000 7440 2400 9840 2.46
PB-1 5200-20200+2800 4500 8370 2800 11170 2.48
PB-2 9300-34800+4200 5000 9300 4200 13500 2.70
PB-2 9300-34800+4200 5500 10230 4200 14430 2.62
PB-2 9300-34800+4200 6500 12090 4200 16290 2.51
PB-2 9300-34800+4200 6500 12090 4200 16290 2.51
PB-2 9300-34800+4600 7450 13860 4600 18460 2.48
PB-2 9300-34800+4800 7500 13950 4800 18750 2.50
PB-2 9300-34800+5400 8000 14880 5400 20280 2.54
PB-3 15600-39100+5400 8000 15600 5400 21000 2.63
PB-3 15600-39100+5400 9000 16740 5400 22140 2.46
PB-3 15600-39100+5400 9000 16740 5400 22140 2.46
PB-3 15600-39100+6600 10325 19210 6600 25810 2.50
PB-3 15600-39100+6600 10000 18600 6600 25200 2.52
PB-3 15600-39100+6600 10650 19810 6600 26410 2.48
PB-3 15600-39100+7600 12000 22320 7600 29920 2.49
PB-3 15600-39100+7600 12750 23720 7600 29920 2.35
PB-3 15600-39100+7600 12000 22320 7600 29920 2.49
PB-4 37400-67000+8700 14300 37400 8700 46100 3.22
PB-4 37400-67000+8700 15100 39690 8700 48390 3.20
PB-4 37400-67000+8900 15400 39690 8900 48590 3.16
PB-4 37400-67000+8900 16400 39690 8900 48590 2.96
PB-4 37400-67000+10000 14300 37400 10000 47400 3.31
PB-4 37400-67000+10000 18400 44700 10000 54700 2.97
HAG 67000-79000 22400

67000 2.99
HAG+ Scale 775500-80000 22400

75500 3.37
HAG+ Scale 775500-80000 24050

75500 3.14
Apex 80000 (Fixed) 26000

80000 3.08
Cab.
Sec.
90000 (Fixed) 30000

90000 3.00
benefit+drawback+grade+pay+pay+band+system
[http://www.staffnews.in/2015/06/benefits-drawbacks-of-pay-band-and.html]
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Government proposes income tax benefits for credit and debit card payment

Government proposes income tax benefits for credit and debit card payment

New Delhi: The government on Monday proposed income tax benefits for people making payments through credit or debit cards and doing away with transaction charges on purchase of petrol, gas and rail tickets with plastic money.

FM Jaitley, in his budget speech, had said that the government would introduce soon several measure that will incentivize credit or debit card transactions.

In a draft paper for moving towards cashless economy and reduce tax avoidance, the government also proposed to make it mandatory to settle high value transactions of more than Rs 1 lakh through electronic mode.

In order to incentivize shopkeepers, the government has proposed tax rebate to them provided they accept a significant value of sales through debit or credit cards.

The proposals are aimed at building a transactions history of an individual to enable improved credit access and financial inclusion, reduce tax avoidance and check counterfeiting of currency.

“Tax benefits in terms of income tax rebates to be considered to consumers for paying a certain proportion of their

expenditure through electronic means,” said that draft proposals for facilitating electronic transactions on which the government has invited comments till June 29.

It further said that all “high value transactions of, say, more than Rs 1 lakh, (be settled) only by electronic means”.

The paper said the tax benefits could be provided to merchants for accepting electronic payments.
“An appropriate tax rebate can be extended to a merchant if at least say 50 per cent value of the transactions is through electronic means. Alternatively, 1-2 per cent reduction in value added tax could be considered on all electronic transactions by the merchants,” it added.

Finance minister Arun Jaitley, in his budget speech, had said that the government would “introduce soon several measure that will incentivize credit or debit card transactions and disincentivize cash transaction”.

PTI
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Finance Ministry approved 10th Bipartite Settlement Wage Revision for Bank employees for period 1.11.2012 to 31.10.2017

Finance Ministry approved 10th Bipartite Settlement Wage Revision for Bank employees for period 1.11.2012 to 31.10.2017

Salary Revision for Officer Employees of Public Sector Banks governed by Officer’s Service Regulation – 10th Bipartite Settlement for period 1.11.2012 to 31.10.2017

Government of India
Ministry of Finance
Department of Financial Services
Jeevan Deep. IIIrd Floor,
Parliament Street, New Delhi,
Dated the June 19, 2015
To
Sh. M.V.Tanksale,
Chief Executive,
Indian Banks’ Association,
Mumbai.

Subject: Salary Revision for Officer Employees of Public Sector Banks governed by Officer’s Service Regulation – 10th Bipartite Settlement for period 1.11.2012 to 31.10.2017

Sir.
I am directed to refer to your letter No. HR&IR/KSC/GOVT/665 dated 25th May, 2015 on the above subject and to say that Government has ‘No objection‘ to IBA authorizing the Banks to pay revised salary and arrears of pay and allowances to serving officers and revised pension and arrears to existing pension optees retired w.e.f. on or after 1.11.2012 as per the provisions at the Joint Note pending amendments to the Officer’s Service Regulations/Pension Regulations subject to the provisions made by the respective banks in the particular year.

2. As regards declaring 2nd and 4th Saturday as holidays and other Saturdays as full working days is concerned. IBA may rater to this Department’s letter No. 4/1/7/2015-IR dated 2.6.2015.

3. This issues with the approval of Hon’ble Finance Minister
Yours faithfully,
(S R. Mehar)
Deputy Secretary to the Government at India
10th Bipartite Settlement Wage Revision

Source: http://banknewskumar.blogspot.in/
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Cabinet approves release of an additional instalment of DA to Central Government employees and DR to Pensioners, due from 1.1.2019

Cabinet approves release of an additional instalment of DA to Central Government employees and DR to Pensioners, due from 1.1.2019   ...

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