Changes in National Pension System (NPS) The Government has proposed the following in the Finance Bill, 2016 with regard to the National Pension System (NPS): i. Allowing 40 per cent of the NPS corpus tax exempt on lump sum withdrawal. ii. Waiving service tax on the NPS corpus utilized for purchase of annuity. iii. The amount receivable by the nominee in case of death … [Read more...] about Changes in National Pension System (NPS)
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FM: Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector
FM: Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector The Union Finance Minister, Shri Arun Jaitley said that the Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector especially in case of Public Sector Banks (PSBs). The Finance Minister said that there are … [Read more...] about FM: Government has taken various measures to deal with the issue of Non Performing Assets (NPAs) in Banking Sector
7th Pay Commission Latest News – Minister’s reply on financial outgo and implementation Date
In the event of 7th Pay Commission implementation in 2016-17, additional burden to exchequer would be Rs 1.02 lakh crore, which is 0.7 per cent of GDP 7th Pay Commission Latest News – Minister’s written reply in Parliament on financial outgo and implementation Date – Minister also confirms recent release of additional DA has no impact on the recommendation of 7th Pay … [Read more...] about 7th Pay Commission Latest News – Minister’s reply on financial outgo and implementation Date
7th Pay Commission award to put extra burden of Rs 1.02 lakh crore in FY 16-17
7th Pay Commission award to put extra burden of Rs 1.02 lakh crore in FY 16-17 Implementation of 7th Pay Commission award is estimated to put an additional burden of Rs 1.02 lakh crore, or 0.7 per cent of GDP, on the exchequer in 2016-17, government said today. The implementation of recommendations of the 7th Pay Commission, however, would be after … [Read more...] about 7th Pay Commission award to put extra burden of Rs 1.02 lakh crore in FY 16-17
Jharkhand hikes Dearness Allowance (DA) by 6%
Jharkhand government increased the dearness allowance (DA) of its employees by six per cent. The decision, which was taken at the cabinet meeting chaired by Chief Minister Raghubar Das, would be applied retrospectively from January 1 this year. The cabinet also approved introducing Centre’s ‘Pradhan Mantri Fasal Bima Yozana’ in the state. It also gave nod to setting up … [Read more...] about Jharkhand hikes Dearness Allowance (DA) by 6%
7th Pay Commission – Government Plans to axe 52 out of 200 allowances
Besides recommending that 52 allowances be abolished, the 7th pay Commission suggested that another 36 be subsumed in an existing allowance or in new allowances it proposed. 7th Pay Commission – Government Plans to axe 52 out of 200 allowances – The 7th Pay Commission found inadequate the justifications offered by the Ministries for these allowances. Secret allowance, … [Read more...] about 7th Pay Commission – Government Plans to axe 52 out of 200 allowances
Scheme for promotion of Adventure Sports and Similar activities amongst Central Government Employees Continuation of Scheme during the year 2016-17 and inclusion of new Institutes
No.125/1/2015-16/CCSCSB Government of India Ministry of Personnel, Public Grievances & Pensions Department of Personnel & Training ****** Lok Nayak Bhawan, New Delhi Dated 26th April, 2016. OFFICE MEMORANDUM Sub: Scheme for promotion of Adventure Sports and similar activities amongst Central Government Employees Continuation of Scheme during the year 2016-17 … [Read more...] about Scheme for promotion of Adventure Sports and Similar activities amongst Central Government Employees Continuation of Scheme during the year 2016-17 and inclusion of new Institutes
Posting of regular Under Secretary and posting on promotion to the grade of Under Secretary on ad-hoc basis – seeking options
IMMEDIATE No.5/3/2015-CS.I(U) Government of India Ministry of Personnel, Public Grievances & Pension - (Department of Personnel & Training) ***** 2nd Floor, LokNayakBhawan, Khan Market, New Delhi-3 Dated the 26th April, 2016 OFFICE MEMORANDUM Subject: Posting of regular Under Secretary and posting on promotion to the grade of Under Secretary on ad-hoc basis - … [Read more...] about Posting of regular Under Secretary and posting on promotion to the grade of Under Secretary on ad-hoc basis – seeking options
Policy Towards World War II Veterans Pensioners
Policy Towards World War II Veterans Pensioners Ministry of Defence The pension of World War-II pensioners was granted as per provisions of Pension Regulation for the Army in India (Part-I & Part-II) 1940, prevalent at that time. As per these Pension Regulations, there were provisions of Retiring pension, Ordinary pension, Special pension Family, Disability pension, … [Read more...] about Policy Towards World War II Veterans Pensioners
Defence: Steps Taken on Dhirendra Singh Committee Report
Steps Taken on Dhirendra Singh Committee Report Ministry of Defence The Dhirendra Singh Committee submitted its Report to the Government in July, 2015. The Committee made 43 recommendations, out of which, 16 recommendations were regarding Make-in-India and 27 recommendations were regarding Defence Procurement Policy. The Dhirendra Singh Committee recommendations have been … [Read more...] about Defence: Steps Taken on Dhirendra Singh Committee Report
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