Rotational Transfer 2016-17 (Udupi Division)

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Photos of 14th Joint conference - 10.04.2016

Declaration of Holiday on 14th April, 2016 – Birthday of Dr. B. R. Ambedkar DOP ORDER

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ROTATIONAL TRANSFER LIST 2016-17 PM GR I

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Consumer Price Index for Industrial Workers (CPI-IW) – February, 2016 and DA

Consumer Price Index for Industrial Workers (CPI-IW) – February, 2016 and DA

The All-India CPI-IW for February, 2016 decreased by 2 points and pegged at 267 (two hundred and sixty seven). On 1-month percentage change, it decreased by (-) 0.74 per cent between January, 2016 and February, 2016 when compared with the decrease of (-) 0.39 per cent between the same two months a year ago.

The CPI is stable or declining from November  2015 

CPI as on July -15 is 263 Points

CPI as on  Aug -15 is 264 Points

CPI as on Sept -15 is 266 Points

CPI as on Oct -15  is 269 Points

CPI as on Nov -15 is  270 Points

CPI as on Dec-15 is 269 Points

 CPI as on Jan 2016 is 269 Points 

CPI as on Feb 2016 is  267 Points 

Expected  DA as on 1st July 2016 is 4% to 5% 

50 Percent Of 7th Pay Commission Arrears To Be Invested In Bond

 The central government is considering a proposal under which 50% of arrears of higher-income central government employees under the 7th Pay Commission will be compulsorily invested in bank capitalization bonds. The proceeds will be used to recapitalise banks without additional pressure on the fiscal.

Finance Minister Arun Jaitley

While this will result in less cash in the hands of higher-income employees, as a sweetener they will get income tax rebate on the amount invested.

A finance ministry official confirmed that preliminary discussions around this proposal were held at a meeting on Thursday, but no decision on its implementation was taken. “The issue was discussed. We are looking at all options,” he said.

“The proposal entails that through a provision under Income Tax Act, tax rebate should be offered to all employees receiving extra salary income through pay commission in the year 2016-17 and 2017-18, provided the money is invested in the bond,” added the official.

The government will have to additionally shell out Rs 40,000-50,000 crore annually on account of implementation of the seventh pay commission recommendations with effect from January 1, 2016.

If this proposal is accepted, a portion of this money will be used to capitalize banks.

According to finance ministry estimates, state-run banks will require Rs 1.8 lakh crore of additional capital in the next four financial years, of which Rs 70,000 crore will be provided by the government.

The government has budgeted Rs 25,000 crore for bank capitalisation in the current fiscal. While the government has said it has made adequate provision in the Budget to cover the extra spending on account of the pay commission recommendations, analysts reckon it is not adequate and full implementation of award will make it difficult to achieve the fiscal deficit target of 3.5% of GDP.

“Increase in government employee wages and pension expenditure on account of seventh pay commission recommendations is not fully provided for in the Budget,” Morgan Stanley had said in a report.

The proposal currently under consideration gives the government the leeway to meet both its pay commission and bank capitalisation commitments without putting the fiscal deficit target under threat. Bonds will provide the exchequer some wriggle room. The payment will become due when bonds mature, leaving the government with only the interest payment liability in the current fiscal.

The flip side is that the proposed scheme could annoy government employees expecting a greater take-home pay. Hence the scheme has a tax exemption lollipop.

A second government official said this amount will be used to recapitalise banks through a special bank capitalisation fund that will invest in perpetual non-redeemable preference shares issued by banks. Banks will pay 5.1% dividend that is also proposed to be exempted from the dividend distribution tax. The fund will in turn pay 5% interest to government employees, retaining 0.1% as administrative charge.

“This interest income will also be tax free for government employees,” he said, which will increase the effective yield. The government will eventually pay back the amount in four equal investments after 8, 9, 10 and 11years, spreading the fiscal burden of repayment over that period. It will guarantee payment of 5% interest and repayment of deposits irrespective of whether the banks pay the dividend or not, the official added.

DA from January 2016 is 125% for Central Government Employees – Orders issued by Govt

No. 1/1/2016-E-II (B)

Government of India Ministry of Finance

Department of Expenditure

North Block, New Delhi,

Dated: 07.04.2016

OFFICE MEMORANDUM

Subject: Payment of Dearness Allowance to Central Government employees – Revised Rates effective from 1.1.2016.

The undersigned is directed to refer to this Ministry’s Office Memorandum F.No. 1-3/2015-E-II (B) dated  23rd September, 2015 on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government employees shall be enhanced from the existing rate of 119 % to 125 % with effect from 1st Jan, 2016.

2.     The provisions contained in paras 3, 4 and 5 of this Ministry’s O.M. No. 1 (3)/2008-E-II(B) dated 29th August, 2008 shall continue to be applicable while regulating Dearness Allowance under these orders.

3.     The additional installment of Dearness Allowance payable under these orders shall be paid in cash to all Central Government employees.

4.     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 ArmedForces personnel and Railway employees separate orders will be issued by the Ministry of Defence and Ministry of Railways, respectively.

5.     In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.

Sd/-

Under Secretary to the Government of India

Service Tax rate hiked to 12% w.e.f 01.04.2012

Due to change in Service Tax rate following changes are to be done in DOP modules:
1. Point of sale > supervisor > Tariff > service tax> 12
2. Point of sale > supervisor > Tariff > speedpost inland > {distance from <200 to >2000 upto 50 grams  22.25} {Local upto 50grams 10.68}
3. In Treasury supervisor change service tax rate to 12%

7% DA ORDER ISSUED BY MINISTRY OF FINANCE

NO.1 (1)/2012-E-II (B)

Government of India

Ministry of Finance

Department of Expenditure

New Delhi the 3rd April 2012

Office Memorandum

Subject : Payment of Dearness Allowance to Central Government employees – Revised Rates effective from 1.1.2012

The undersigned is directed to refer to this Ministry’s Office Memorandum No: 1(14)/2011-E-II (B) dated 3rd Octover, 2011, on the subject mentioned above and to say that the President is pleased to decide that the Dearness Allowance payable to Central Government Employees shall be enhanced from the existing rate of 58% to 65% with effect from 1st January, 2012.

2. The provisions contained in paras 3, 4, 5 of the Ministry’s O.M No.1 (3)/2008-E-II (B) dated 29th August, 2008 shall continue to be applicable while regulating Dearness Allowance under these orders.

3. The additional instalment of Dearness Allowance payable under these orders shall be paid in cash to all Central Government Employees.

4. These orders shall also apply to civilian employees paid from the defence services estimates and the expenditure will be chargeable to the relvant head of the Defence Estimates. In regard to Armed foces personnel and Railway employees separate orders will be issued by the Ministry of Defence and Ministyr of Railways respectively.

5. In so far as the persons serving in the Indian Audit and Accounts Department are concerned, these orders issue in consulation with the Comptroller and Auditor General of India.

sd/-

(Anil Sharma)

Under Secretary

UDUPI DIVISION ROTATIONAL TRANSFER 2012-13

Govt raises dearness allowance by 7%

The over four-million central government employees will go home with an increased pay packet from now, with the union cabinet on Friday hiking the dearness allowance to 65 per cent of the basic salary from the existing 58 per cent with retrospective effect from January 1 this year.

The hike, about 7 per cent from the present rates, will also be applicable to central government pensioners.

The increase in the allowances will cost the government exchequer Rs 7,474.53 crore annually, according to the decision taken at the cabinet meeting presided by Prime Minister Manmohan Singh in New Delhi.

For the 14-month period beginning January 2012 to February 2013, the hike will produce a bill of Rs.8,720.32 crore

"The union cabinet today (Friday) gave its approval to release an additional instalment of dearness allowance (DA) to central government employees and dearness relief (DR) to pensioners with effect from Jan 1, 2012, representing an increase of seven percent over the existing rate of 58 percent of the basic pay/pension, to compensate for price rise," a release said after the meeting.

The increase is in accordance with the accepted formula, which is based on the recommendations of the Sixth Central Pay Commission.

"The combined impact on the exchequer on account of both dearness allowance and dearness relief would be of the order of Rs.7474.53 crore annually and Rs.8720.32 crore in the financial year 2012-13 (for a period of 14 months from January 2012 to February 2013)," it said.

GPF INT RATE REVISED TO 8.6% W.E.F 01.12.2011

Click here to download this OM/Order

ONE INCREMENT FOR THOSE GETTING FEB TO JUNE 2006

http://finmin.nic.in/the_ministry/dept_expenditure/notification/misc/DateofIncrement_RevPayRules2008.pdf

Sanchay Post Version 6.6.1 will be available for download on 20/03/2012

CENTRAL GOVERNMENT READY TO IMPLEMENT PERFORMANCE RELATED INCENTIVE SCHEME (PRIS) TO ITS EMPLOYEES

The Central Government has finally decided to implement the Performance Related Incentive Scheme (PRIS) recommended by the Sixth Pay Commission for all Central government employees.

Minister of State for Personnel V.Narayanasamy told in Rajya Sabha with a written reply, the recommendation has been accepted by the Government, Guidelines are being worked out through inter-departmental consultation.

TIN facilitates a PAN holder to view its Annual Tax Statement (Form 26AS) online. Form 26AS contains

Tax Information Network (http://www.tin-nsdl.com/)
of Income Tax Department facilitates :-

• Details of tax deducted on behalf of the taxpayer by deductors
• Details of tax collected on behalf of the taxpayer by collectors
• Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders)
• Paid refund received during the financial year.
• Details of transaction of Mutual Fund, Shares and Bonds (as reported by AIR filer). Click here to know more about AIR.

Steps for Viewing Tax Credit

1. Online Registration of PAN by PAN holder
2. Verification of identity and authorisation by TIN-Facilitation Centre
3. Online View Tax Credit

SANCHAYA NEW VERSION WILL BE RELEASED SOON

Sanchaya software 6.6.1 will be released on 19.03.2012 by SDC Chennai.

Kindly, share this valuable information wherever possible.

1. If you see children Begging anywhere in INDIA , please contact:
"RED SOCIETY" at 9940217816. They will help the children for their studies. 

2. Where you can search for any BLOOD GROUP, you will get thousand's of donor address. www.friendstosupport.org 

3. Engineering Students can register inwww.campuscouncil.com to attend Off Campus for 40 Companies.

4. Free Education and Free hostel for Handicapped/Physically Challenged children.
Contact:- 9842062501 & 9894067506.
5. If anyone met with fire accident or people born with problems in their ear, nose and mouth can get free PLASTIC SURGERY done by Kodaikanal PASAM Hospital .Everything is free. Contact : 045420-240668,245732
"Helping Hands are Better than Praying Lips" 

6. If you find any important documents like Driving license, Ration card, Passport, Bank Pass Book, etc., missed by someone, simply put them into any near by Post Boxes. They will automatically reach the owner and Fine will be collected from them. 

7. By the next 10 months, our earth will become 4 degrees hotter than what it is now. Our Himalayan glaciers are melting at rapid rate. So let all of us lend our hands to fight GLOBAL WARMING.
-Plant more Trees.
-Don't waste Water & Electricity.
-Don't use or burn Plastics
8. It costs 38 Trillion dollars to create OXYGEN for 6 months for all Human beings on earth.
"TREES DO IT FOR FREE"
"Respect them and Save them"

9. Special phone number for Eye bank and Eye donation: 04428281919 and 04428271616 (Sankara Nethralaya Eye Bank). For More information about how to donate eyes plz visit these sites. http://ruraleye.org/

10. Heart Surgery free of cost for children (0-10 yr) Sri Valli Baba Institute Banglore. 10.
Contact : 9916737471

11. Medicine for Blood Cancer!!!!
'Imitinef Mercilet' is a medicine which cures blood cancer. Its available free of cost at "Adyar Cancer Institute in Chennai". Create Awareness. It might help someone.
Cancer Institute in Adyar, Chennai
Category: Cancer
Address:
East Canal Bank Road , Gandhi Nagar
Adyar
Chennai -600020
Landmark: Near Michael School
Phone: 044-24910754 044-24910754 , 044-24911526 044-24911526 , 044-22350241 044-22350241 

with regards

umanath

PA Brahmavara-576213-9449849268

INDEFINITE STRIKE CALLED OFF

SETTLEMENT REACHED AFTER FIVEROUND DISCUSSIONS WITH POSTAL BOARD