Translate

Sunday, 7 December 2014



NATIONAL PROTEST DAY BY TRADE UNIONS
 

ON 5TH DECEMBER 2014:      RALLY IN DELHI

Friday, 5 December 2014


The Financial Express

Age before duty: Babus to retire at 58 instead of 60 :


In a move that would help curb the relentless increase in the Centre’s non-Plan spending and ease the way for infusion of more young blood and professionalism into the country’s largely moribund bureaucracy, the Narendra Modi government is planning to reduce the retirement age of central government employees from the present 60 to 58.
The move that comes at a time when the Seventh Pay Commission is mulling another sharp boost to the pay structure of the Centre’s 5-million-strong workforce is also aimed at creating the requisite space for lateral entry of technically qualified professionals into the government, official sources told FE.
The retirement age was last revised in 1998, when the then NDA government led by Atal Bihari Vajpayee raised it from 58 to 60 years. The last UPA government had reportedly considered enhancing the retirement age further to 62 just before the general elections, but dropped the move.
The superannuation age was increased from 55 to 58 way back in 1962.
The total wage and salaries bill of the central government, excluding PSUs but including the railways, rose sharply between 2008 and 2010 due to the revised pay scales (along with payment of arrears) implemented as per the Sixth Pay Commission’s proposals
The wage bill rose from Rs 1.09 lakh crore in 2007-08 to Rs 1.4 lakh crore in 2008-09, and further to Rs 1.7 lakh crore in 2009-10, before the growth moderated to Rs 1.84 lakh crore in 2010-11. The government spent Rs 2.54 lakh crore in wages and salaries in 2013-14. The railways (with 1.4 million employees), defence (civil), home affairs, India Post and revenue account for more than 80% of the total spending of the Centre on pays and allowances.
Thanks to successive pay commissions, the salaries and other emoluments of government employees have, on average, more than doubled in every decade since independence even though lack of sufficient performance incentives is still considered to be a drawback.
A merger of 50% of the dearness allowance with the basic salary, likely to be part of the Seventh Pay Commission’s award, which is to implemented from 2016, is expected to hike the Centre’s wage bill by a third and strain its fiscal situation. In February this year, the government hiked DA to 100%, from 90%, benefiting both its employees and 3 million pensioners.
The Centre’s expenditure on pension stood at Rs 74,076 crore in 2013-14 and the estimate for the current fiscal is Rs 81,983 crore. However, growth in the outgo on pension is expected to moderate due to the National Pension System based on the concept of defined contribution, launched in January 2004. The NPS has been accepted by large sections of central government employees and most state governments have shifted their employees to the new system.
According to Madan Sabnavis, chief economist at CARE Ratings, reducing the retirement age will give the government an opportunity to outsource more jobs, including by bringing in people as temporary consultants, who will then have to be paid only a fixed salary but not pension or provident fund. Their salary component will then show up as administrative costs, rather than as wage bill.
The finance ministry is weighing the pros and cons of the proposal to cut the retirement age. The move, sources said, is also in line with the BJP’s manifesto, which had promised to rationalise and converge ministries, departments and other arms of the government, open up government to draw expertise from industry, academia and society and tap the services of the youth in particular to contribute to governance.

CHQ NEWS
4th December 2014
Justice VR Krishna Iyer, eminent jurist, dies in Kochi
 
JUSTICE @ 100
 
RETIRED.
 
WORLD RENOWNED JURIST OF INDIA, JUSTICE (Retd)
 
Mr. V R KRISHNA IYER EXPIRED TODAY AT KOCHI.
 
KOCHI: Former Supreme Court judge and Kerala minister VR Krishna Iyer passed away in a hospital in Kochi on Thursday,
Iyer celebrated his 100th birthday November 15 this year.
"He (Iyer) is no more. He passed away at 3.30pm," cardiologist Manu R Varma told reporters here.
Iyer was in the hospital since last on Friday for treatment of pneumonia and his condition deteriorated in the past few days.

Fine lawyer,eminent jurist,incredible philosopher & above all
 
a phenomenal human being.I bow to Justice Krishna Iyer 
He was the minister of law in the first communist government led by legendary EMS Nampoothiripad in 1957. He was also the member of the second Kerala legislative assembly.


Former President of India APJ Abdul Kalam greeting Justice VR Krishna Iyer on his 100th birthday celebration at Kochi. (TOI file photo by TK Deepaprasad)

Iyer became a judge of the Kerala high court in 1968 and remained there till 1971. He was also the member of the Law Commission for two years.
In 1973, he was appointed the judge of the Supreme Court and retired in 1980.

..............................
4-12-2014
Central Trade Unions in India (Viz: INTUC, BMS, CITU, HMS, AITUC, TUCC, AIUTUC, AICCTU, UTUC, SEWA, LPF and all Federations of Banks, Railways (NFIR & AIRF), Defence (INDWF & AIDEF), Insurance, Central/State Govt. and other Service Establishments Employees) have decided to observe 5th December 2014 as NATIONAL PROTEST DAY.
AIBSNLPWA CHQ Calls upon our units to participate in the joint rallies/demosntrations, wherever possible.
Demands
1. Central Govt. should desist from its unilateral move to amend Labour Laws and consult and honour the views of Central Trade Unions.
2. Central Govt. should withdraw the retrograde move in allowing/hiking Foreign Direct Investment (F.D.I.) in Defence Sector, Railways, Insurance, PSUs and other Sectors.
3. Restore minimum wages of Rs.15,000/- to all the Unorganised/Contract Workers and Minimum Wages of Rs.26,000/- to the lower paid employees of Central Government.
4. Demands of Bank Officers and Bank Employees should be immediately accepted in respect of their Wage Revision and other privileges and social security measures, which are over due (Go through the Circulars dated 14/10/2014 & 16/10/2014 issued by the UFBU, AIBOBOA, INBOC, INBEC and INBEF etc.)
5. Strict implementation of existing Labour Laws concerning the Welfare of the Working Class all over India.
6.Benefits of Regular Workers should be given to all Contract Workers.
7. Compulsory Registration of Trade Unions within 45 days and all the ILO Conventions meant for the Workers should be ratified by the Govt. Of India.
8. 50% D.A. of Central Staff should be merged with Pay and Interim Relief should be paid to all employees, pending finalisation of the 7th Central Pay Commission.
9. Minimum 4 Promotions should be given to all Central Govt. Officials, without the hindrances of Departmental Examinations and DPC proceedings, on or before their respective date of retirements.
10. MACP/ACP benefits should be extended to all Central Government Employees, including the staff of Autonomous Body/Semi-Govt. Departments.
11. Bonus eligibility and Bonus Ceiling should be raised as per the present Price Index Cost of Living and Updated Model of Pay Structure.
12. Present quantum of Pension should be raised with adequate Medical facilities/Medical Allowance and the New Pension Scheme should be liberalised as Worker-Friendly.

             

Thursday, 4 December 2014

OLD AGE SOLUTIONS
BY AN INITIATIVE OF
MINISTRY OF SCIENCE AND TECHNOLOGY
BROUGHT BY 
ALL INDIA INSTITUTE OF MEDICAL SCIENCES
(In 6 languages English,Hindi,Tamil,Bengali,Marathi,Telugu)

The website deals with Old Age Solutions under Different Headings  Viz.

1.Recreation and Entertainment
2.Health
3.Assistive Devices
4.Design & Environment and Facilities

Link given in our blog website under  LINKS Left topmost.
It is more educative and helpful for elders.
Let us read and lead a healthy life. 

Wednesday, 3 December 2014


3-12-2014
INCOME TAX RATE FOR THE ASSESSMENT YEAR 2015-2016

The rates of income-tax as applicable for Assessment Year 2015-16 for the following category is given below:-
1) in the case of every individual below the Age of Sixty Years
2)  For a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year, i.e., born during April 1, 1935 and March 31, 1955)
3)  For a resident super senior citizen (who is 80 years or more at any time during the previous year, i.e., born before April 1, 1935)—
Income Tax Rates For Assessment Year 2015-16
This part is applicable to a Resident Individuals below the age of 60 Years
Net income rangeIncome-tax ratesSurchargeEducation cessSecondary and higher education cess
Up to Rs. 2,50,000NilNilNilNil
Rs. 2,50,000 – Rs. 5,00,00010% of (total income minus Rs. 2,50,000) [see Note 1]Nil2% of income-tax1% of income-tax
Rs. 5,00,000 – Rs. 10,00,000Rs. 25,000 + 20% of (total income minus Rs. 5,00,000)Nil2% of income-tax1% of income-tax
Rs. 10,00,000 – Rs. 1,00,00,000Rs. 1,25,000 + 30% of (total income minus Rs. 10,00,000)Nil2% of income-tax1% of income-tax
AboveRs. 1,00,00,000Rs. 28,25,000 + 30% of (total income minus Rs. 1,00,00,000)10% of income-tax [see Note 2]2% of income-tax and surcharge1% of income-tax and surcharge
 
ASSESSMENT YEAR 2015-16
• For a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year, i.e., born during April 1, 1935 and March 31, 1955)
Net income rangeIncome-tax ratesSurchargeEducation cessSecondary and higher education cess
Up to Rs. 3,00,000NilNilNilNil
Rs. 3,00,000 – Rs. 5,00,00010% of (total income minus Rs. 3,00,000) [see Note 1]Nil2% of income-tax1% of income-tax
Rs. 5,00,000 – Rs. 10,00,000Rs. 20,000 + 20% of (total income minus Rs. 5,00,000)Nil2% of income-tax1% of income-tax
Rs. 10,00,000 – Rs. 1,00,00,000Rs. 1,20,000 + 30% of (total income minus Rs. 10,00,000)Nil2% of income-tax1% of income-tax
Above Rs.1,00,00,000Rs. 28,20,000 + 30% of (total income minus Rs.1,00,00,000)10% of income-tax [see Note 2]2% of income-tax and surcharge1% of income-tax and surcharge
 
ASSESSMENT YEAR 2015-16
• For a resident super senior citizen (who is 80 years or more at any time during the previous year, i.e., born before April 1, 1935)—
Net income rangeIncome-tax ratesSurchargeEducation cessSecondary and higher education cess
Up to Rs. 5,00,000NilNilNilNil
Rs. 5,00,000 – Rs. 10,00,00020% of (total income minus Rs. 5,00,000)Nil2% of income-tax1% of income-tax
Rs. 10,00,000 – Rs. 1,00,00,000Rs. 1,00,000 + 30% of (total income minus Rs. 10,00,000)Nil2% of income-tax1% of income-tax
Above Rs. 1,00,00,000Rs. 28,00,000 + 30% of (total income minus Rs. 1,00,00,000)10% of income-tax [see Note 2]2% of income-tax and surcharge1% of income-tax and surcharge
 
Notes :
1. Rebate under section 87A – A resident individual (whose net income does not exceed Rs. 5,00,000) can avail rebate under section 87A. It is deductible from income-tax before calculating education cess. The amount of rebate is 100 per cent of income-tax or Rs. 2,000, whichever is less.
2. Surcharge – Surcharge is 10 per cent of income-tax if net income exceeds Rs. 1 crore. It is subject to marginal relief (in the case of a person having a net income of exceeding Rs. 1 crore, the amount payable as income tax and surcharge shall not exceed the total amount payable as income-tax on total income of Rs. 1 crore by more than the amount of income that exceeds Rs. 1 crore).
3. Education cess – It is 2 per cent of income-tax and surcharge.
4. Secondary and higher education cess – It is 1 per cent of income-tax and surcharge.
• Alternate minimum tax – Tax payable by a non-corporate assessee cannot be less than 18.5 per cent (+SC+EC+SHEC) of “adjusted total income” as per section 115JC
source: Income taxindia.gov.in

Monday, 1 December 2014

CHQ NEWS



A USELESS  LETTER, INDEED....
Please go through the letter, attached below this matter.  It is a letter from the PAT Section
in Corporate Office of BSNL to Heads of all Circles. Corporate Office has quoted a letter from 
DoT and sought for some information from the Circles.
There is a particular sentence in that DoT letter, as quoted by BSNL CO.

"How his Dearness Relief who have never retired was regulated, whether under CDA rate or IDA rate?"
Where is the question of granting any Dearness Relief to someone who have NEVER retired?
Either the DoT has not understood the case before them.
Or, the BSNL CO has not reproduced the DoT letter correctly.
Result is clear: Circles will not  provide the information sought for.
This is the quality of work in the Directorate now a days....
                                      ... P S Ramankutty
.......
[Click here to view the file....] 

Retired Pakistan Railway pensioner dies 
while waiting for his pension;

The unrelenting financial crisis at Pakistan Railways (PR) has finally claimed a pensioner’s life while he waited overnight to receive his pension. According to the reports Mahmood Khan, who was a former railway employee, passed away while waiting for his pension. Khan, who was a resident of Lalpur area of Lahore, stood all night alone in front of the bank before he fell unconscious and was taken to the hospital in an emergency, where he expired.
Pakistan Railway employees have not been given with their salaries for the past three months, whereas pensioners are also waiting for around one month. Therefore several pensioners were sitting outside a local bank since yesterday night because as per the promises made the distribution of pensions was due to begin Wednesday (today) morning .
[Click here to view the file....]

.......