MTS examination
held on 14.12.2014 is cancelled. Fresh examination for all the MTS candidates
will be conducted again. Visit the website http://odisha.postalcareers.in/ frequently
for updates.
POSTAL LIFE INSURANCE LIMIT HIKED TO RS 50 LAKH
To mark the Good Governance Day, Telecom Minister Ravi Shankar Prasad
today announced that the limit of postal life insurance has been raised from Rs
20 lakh to Rs 50 lakh, besides launching one-month rental-free MTNL broadband
and landline combo plans on new bookings.
CIC recommends ordinary postal stamp as RTI fee instrument
People seeking information under RTI Act may now be able
to use postal stamps as application fee if a recommendation of the Central
Information Commission is accepted by the Centre.Two Information Commissioners in two separate cases-- R K
Jain and Raghubir Singh-- have made a common recommendation to the Department
of Personnel and Training for implementing postal stamps as a mode of payment
of RTI fee thus reducing hassles of applicants.
SOLVED QUESTION PAPER OF POSTMAN EXAM ODISHA CIRCLE HELD ON DT 14.12.2014
PART-A (GENERAL
KNOWLEDGE)
1.The reputed musician duo, Tansen and Bajju Bawra ,
flourished during the reign of Emperor-
A) Shah jahan
B) Akber
C) Bahadur Shah Zafer
D) Jahangir
Answer:- B) Akber
2. our constitution grants universal adult franchise to
all those men and women who have attained the age of-
A) 20 years
B) 21 years
C) 18 years
D) 25 years
Answer:- C) 18 years
3. The intelligence Agency of India is-
A) K.G.B.
B) C.I.A.
C) C.B.I.
D) F.B.I.
Answer:- C) C.B.I.
Postman / Mail Guard and MTS (Odisha Postal Circle) DOWNLOAD ADMIT CARD
GO TO THE WEBSITE- http://odisha.postalcareers.in/
& ENTER YOUR REGISTRATION NO AND DATE OF BIRTH TO DOWNLOAD YOUR ADMIT CARD
& ENTER YOUR REGISTRATION NO AND DATE OF BIRTH TO DOWNLOAD YOUR ADMIT CARD
India Post collects over Rs 280cr via CoD for e-tailers
Within
a year of joining the e-commerce bandwagon as a distribution channel,
government entity India Post has transacted business worth Rs 280 crore in the
Cash-on-Delivery (CoD) segment alone for firms like Flipkart, Snapdeal and
Amazon
India Post to shake Nationalised Banks and Indian Banking industry
The initiative of India Post
to connect Post Offices through Core Banking Solution will shake the banking
industry shortly. Even though Post offices are doing Small saving
activities as an agent of Ministry of Finance, they have the potential in terms
of deposit backings, wide network across the country and strong employee
support to shake the industry.
SB Order No.12/2014 -Re-introduction of sale of Kisan Vikas Patra - procedure
To view SB ORDER NO- 12/2014 Please CLICK HERE
Direct Recruitment of Postman/Mail Guard Examination, 2014 (Tamilnadu Postal Circle )
Tamilnadu Postal Circle invites online applications from
eligible candidates of Indian nationals, to fill up the posts of Postman/Mail Guard
in Postal/Railway Mail Service (RMS) Divisions.
The vacancies are as follows:-
Postman - 797 vacancies
Mail Guard - 9 vacancies
The candidates are requested to access the website
www.dopchennai.in for detailed information on Notification, Vacancy position in
Postal/RMS Divisions, eligibility conditions, Instructions to candidates, mode
of payment of fee etc.
The registration of on-line application will commence by
00:00 hours on 15/11/2014 and close by 23:59 hours on 07/12/2014.
KISAN VIKAS PATRA (KVP) RELAUNCHED
The Union Minister for Finance, Corporate Affairs and
Information & Broadcasting, Shri Arun Jaitley at the launch of the Kisan
Vikas Patra (KVP), at a function, in New Delhi on November 18, 2014. The Union
Minister for Communications & Information Technology, Shri Ravi Shankar
Prasad and other dignitaries are also seen.
The written exam for Postman / Mail Guard and MTS (Odisha Postal Circle) is scheduled on 14/Dec/2014
The written exam for Postman / Mail Guard and MTS is
scheduled on 14/Dec/2014. Further details will be communicated.
Source- http://odisha.postalcareers.in/
Study Materials - List of Nobel Prize Winners 2014
|
Area
|
Recipients
|
Awarded for
|
|
Physiology or Medicine 2014
|
John
O´Keefe, May-Britt Moser and Edvard I. Moser
|
"for
their discoveries of cells that constitute a positioning system in the
brain"
|
|
Physics
|
Isamu Akasaki,
Hiroshi Amano and Shuji Nakamura.
|
“for the invention
of efficient blue light-emitting diodes which has enabled bright and
energy-saving white light sources”
|
|
Chemistry
|
Eric
Betzig, Stefan W. Hell and William E. Moerner.
|
“for
the development of super-resolved fluorescence microscopy”.
|
|
Literature
|
Patrick Modiano
|
“for the art of
memory with which he has evoked the most ungraspable human destinies and
uncovered the life-world of the occupation”.
|
|
Peace
|
Kailash
Satyarthi and Malala Yousafzay
|
for
their struggle against the suppression of children and young people and for
the right of all children to education.
|
|
Economics
|
Jean Tirole
|
“for his analysis of
market power and regulation”.
|
Guess the internet speed at Prime Minister's Office?
The Prime Minister's Office uses a comparatively speedy
internet connection. While an average internet connection speed in India is
2Mbps (megabytes per second), that of the PMO is 34Mbps, an RTI application has
revealed.
Centre Reveals Three Names From Black Money List in Supreme Court
The Centre today named in the Supreme Court two persons
and a company that it alleges have parked untaxed or black money in foreign
accounts.
Pradip Burman of the Dabur India group, Rajkot-based
bullion trader Pankaj Chimanlal Lodhiya and five members of Goa-based mining
firm Timblo have been named in the government's affidavit on black money in
court. They are being prosecuted for tax evasion as unaccounted for money was
found in their foreign accounts, the government has said.
How PM Modi's Digital India Will Empower the Postman
In the age of e-mails, the postman could be relevant
again. As part of its Digital India programme, the Narendra Modi government
plans to tie up with major e-retailers like Flipkart, Snapdeal and Myntra for
them to use the postal department's services to deliver consumer goods in
remote areas of the country.
Government employee can't seek promotion after refusing it : Supreme Court
A government employee, whose promotion is canceled owing
to his refusal to accept it, cannot ask for it at a later stage, the Supreme
Court has said.
Narendra Modi's 2nd round of 'Mann ki Baat' on Dt 02.11.2014 (Sunday) from All India Radio
Prime Minister Narendra Modi will hold his second round of "Mann Ki Baat" radio programme on November 2. Modi has invited people to share their thoughts, comments and examples of good governance initiatives that have left an impression on their mind.
Know Your Customer Guidelines - FAQs
1.
What is KYC?
KYC is an acronym
for “Know your Customer”, a term used for customer identification process. It
involves making reasonable efforts to determine true identity and beneficial
ownership of accounts, source of funds, the nature of customer’s business,
reasonableness of operations in the account in relation to the customer’s
business, etc which in turn helps the banks to manage their risks prudently.
The objective of the KYC guidelines is to prevent banks being used,
intentionally or unintentionally by criminal elements for money laundering.
Haryana Circle : PA/SA Results 2014
Haryana Postal Circle has published the list of candidates selected under recruitment of Postal Assistant (Post Office/Circle Office/SBCO) and Sorting Assistant for the year 2013 & 2014. You can check the results from below link. Congratulations to all selected candidates!!
Check result from official site: CLICK HERE
Check result from official site: CLICK HERE
RBI Assistant Results 2014 Published
Friends.. Reserve Bank of India has published the result of
RBI Assistant 2014 exam held through online mode on 23rd, 24th, 25th, 26th and
28th September 2014. The list of Roll Numbers of Candidates shortlisted for
Interview is available. You can check the result from the following link.
Congratulations to all the selected candidates!! CLICK HERE to view results.
Postman & Mail Guard Recruitment - Exam Pattern & Syllabus
Postman & MailGuard
Exam pattern
The paper is an objective type examination
which has the following three parts
(1) Part A- General Knowledge
(2) Part B- Mathematics
(3) Part C- English & Odia
Language
Exam Total Time Given: 2 Hours
Exam Total marks: 100 Marks
Exam Syllabus
Part A (General knowledge)- Current affairs, History of
India, Geographical news and events,Indian important events, Sports events and
news, Freedom Struggle, Constitution of India,Current news about India and
World, General topics questions based on everyday observations,Political
Questions
Part B (Mathematics)- Averages, Percentages, ratios
& proportions, profit & loss, Simple &Compound Interest, Graphs
& tables, Time & Work, Time & Distance, Whole numbers, Decimals &
fractions, Number system, Probability, Permutation & combination,
Statistics
Part C- it consist of the following two sections-
(1)
English
Language: To test the candidates’ English skills the
questions will be based on articles,
prepositions, verbs, synonyms, antonyms, sentence comprehension, tenses, voice,vocabulary
based direct questions, comprehension passages etc.
(2)
Odia
Language- The questions are asked to test that the
candidates can comprehend, read and understand their regional language. The
syllabus include- Shabda pada, kriya Bheda, Mishra o Sanyukta Vakya, Vakya
Rupantara, Swara Sandhi, Samasa, padhinathiba Gandyansha
PLEASE NOTE: There
is no negative marking in the exam and so the candidates can freely attempt all
the questions
Career Prospects of Postal Assistants / Sorting Assistants In Department of Posts
1. Eligible to be promoted to MACP-1 with grade pay
Rs.2800/- and MACP-II with grade pay Rs.4200/- and MACP-III with grade pay of
Rs.4600/- on completion of 10, 20 and 30 years of service respectively as per
Modified Assured Career Progression scheme.
2. Eligible to
appear for Postmaster Gr.1 examination on completion of 5 years of service. On
passing the above examination they will
be appointed as Postmaster (Gr.1) and thereafter will be promoted to the cadre
of Postmaster, Gr.II,Gr.III according to eligibility. PM Gr. 1 officials can not appear for Sr. postmaster Examination for the time
being. PM Gr.III officials with 2 years service are eligible to be promoted to
the post of Sr. postmaster under 25% quota . Depending upon their performance
and eligibility , they can be appointed as Chief Postmaster(Gr.A) in
metropolitan cities like Mumbai, Calcutta etc.
3. Eligible to be
promoted to the Supervisory cadre of
LSG (Lower Selection Grade) norm based posts with grade pay of Rs.
2800/- and thereafter to the cadre of HSG-II (Higher Selection Grade) with
grade pay of Rs.4200/- and subsequently to
the cadre of HSG-I with grade pay
of Rs.4600/- respectively on completion of requisite period of satisfactory
service.
4. Postal Assistants promoted to the LSG Supervisory
cadre on completing 5 years of
satisfactory service will be eligible to appear for limited departmental
competitive examination for selection as Superintendent Postal Service group B
directly and on passing the above
examination they could be posted as Head of Postal/RMS Divisions in the cadre
of Superintendent and Assistant Director in postal Administrative wings such as
Regional, Circle offices and Postal Directorate New Delhi as the case may be.
PREVIOUS YEAR SOLVED QUESTION PAPER POSTMAN AND MAIL GUARD EXAM
The written examination for the post of Postman /Mailguard and Multitasking Staff of Odisha Circle which was scheduled to be held on 19/10/2014 (Sunday) – Postponed
EXAM POSTPONED
Due to unavoidable
administrative reasons, the written exam of India Post - Odisha for Postman /
Mail Guard and MTS to be conducted on 19.10.2014 has been postponed. Further
date will be communicated.
SOURCE- http://odisha.postalcareers.in/
The written examination for the post of Postman /Mailguard and Multitasking Staff of Odisha Circle will be held on 19/10/2014 (Sunday)
The written examination for the post of Postman
/Mailguard and Multitasking Staff of Odisha Circle will be on 19/10/2014 (Sunday)
Date and Time of written test
(Postman / Mailguard)
|
: 19/10/2014 10:00 to 12 Noon
|
Date and Time of written test
(MTS)
|
: 19/10/2014 02:30 - 04:30 PM
|
The admit cards can be downloaded
from 15th Oct, 2014. Please visit http://odisha.postalcareers.in/ for
downloading admit cards and other details.
| |
Office of the
Chief Postmaster General,
Odisha Circle,
Bhubaneswar-751001.
No. RE/30-22/2013 dated at Bhubaneswar
12.10.2014.
PUBLIC NOTICE
Odisha Postal Circle issued a notification No. RE/30-22/2013 in
local newspapers “The Sambad and Times of India” on 22.08.2014 for Direct
Recruitment of Postman/ Mail Guard and on 29.08.2014 for Direct Recruitment of
MTS. The admit cards of the eligible applicants for the above examinations will
be displayed in website (http://odisha.postalcareers.in) form 15.10.2014. The candidates appearing
in the examination are hereby intimated that the above examinations in Odisha
Postal Circle are being held on Sunday, 19.10.2014 in two sittings(10AM to
12Noon and 2.30PM to 4.30PM). The candidates are requested for downloading
their admit cards by accessing the above website with their given Registration
number and password. The admit cards are not sent by Post.
Asst. Director(Recruitment)
Indian rights activist Kailash Satyarthi and Pakistan's 'Heroic' teen activist Malala Yusafzai have together been awarded the prestigious Nobel Peace Prize for 2014
Indian rights activist Kailash Satyarthi and Pakistan's
'Heroic' teen activist Malala Yusafzai have together been awarded the
prestigious Nobel Peace Prize for 2014.
Kailash Satyarthi, an Indian children's rights activist,
was on Friday awarded the Nobel Peace Prize for 2014. Satyarthi won the prize
along with Pakistan's Malala Yousafzay.
"The Norwegian Nobel Committee has decided that the
Nobel Peace Prize for 2014 is to be awarded to Kailash Satyarthiand Malala
Yousafzay for their struggle against the suppression of children and young
people and for the right of all children to education," said the official
press release.
RESULTS OF POSTAL ASSISTANT EXAM 2014 ODISHA CIRCLE (PAPER -I)
Results of Postal Assistant Exam (Paper-I) Odisha Circle is now available online at http://www.pasadrexam2014.in you can login and check your status & can also download admit card for Paper –II
Govt approves 7% DA hike; raises it to 107% from July 1
Government on Thursday approved 7 per cent hike in dearness allowance (DA), taking it to 107 per cent of basic pay, a move that will benefit around 30 lakh central employees and 50 lakh pensioners including dependents.
"The Union Cabinet chaired by Prime Minister Narendra Modi, today gave its approval for the release of an additional instalment of DA to general government employees and Dearness Relief (DR) to pensioners with effect from July 1, 2014. This is an increase of seven percent over the existing rate of 100 percent of the Basic Pay/Pension, to compensate for price rise," a press statement said here.
India Post has paid tribute to legendary maestros of Indian classical music by releasing a set of stamps
India Post has paid tribute to legendary maestros of
Indian classical music by releasing a set of stamps featuring eight of them on
Wednesday. On the very first day, music lovers booked and purchased the
precious stamps worth Rs 25,000 in Allahabad.
TOI had recently published the decision of the department
to release the set of eight stamps after a delay of over a year.
The department issued eight stamps based on Indian
musicians who have make their presence in international arena. These include
Ali Akbar Khan, Bhimsen Joshi, DK Pattammal, Kumar Gandharva, Mallikarjun
Mansur, Ravi Shankar and Vilayat Khan. Stamps issued on Ravi Shankar and
Bhimsen Joshi are in denomination of Rs 25 whereas other stamps are in the
denomination of Rs 5 only.
All the stamps are a one time release only.
These stamps are available in Allahabad Region at
Philatelic Bureaus of Allahabad Head Post Office and Varanasi Head Post Office.
Krishna Kumar Yadav, director, postal services, said,
"The buyers include fans of musicians, youngsters, stamp collectors including
government officials and professional. Many of these people are procuring these
postage stamps for gifting to other persons also."
Other than above, these stamps and other items are being
also dispatched by registered post to 801 Philatelic Deposit Account holders of
Allahabad Philatelic Bureau, added Yadav.
A total 46 lakhs stamps and 4 lakh miniature sheets have
been printed. Apart from these, First Day Cover and Information Brochure have
also been issued, which are available for Rs 5 each respectively, Yadav
informed.
Release of stamps on classical music maestros who gave a
new dimension to Indian music has been widely appreciated.
Mehul Kumar, a stamp collector, said he was eagerly
awaiting the release of stamps of musicians.
"It will be a valuable collection for us as it would
be the first of its kind collection of stamp on Indian classical music in the
past few years. Further, the release being a commemorative and a one-time
release, carries big importance," added Mehul.
A music lover, Shikhar, said, "The legendary
vocalists and instrumentalists have captivated the audience worldwide through
their talent and now they will hog the limelight through stamps."
SOURCE- Times of india
Adhoc Promotion to PS Group-B Cadre and transfer and posting thereof in Odisha Circle
Circle Office Memo No. ST/2-4(3)/2014 dated 03-09-2014.
ATM facilities soon for postal savings account holders in odisha
Postal savings account holders in Odisha can now avail of ATM services. India Post is all set to start eight automated teller machines (ATM) in different towns of the state soon.
"The ATM facilities will be initially available in eight head offices including Bhubaneswar, Cuttack, Rourkela, Dhenkanal, Aska and Berhampur. Later, it will be extended to sub post offices. The ATMs are expected to be operational in the next three to four months," said director of postal services P K Singh. This is a part of the core banking core banking system (CBS) project, he said.
"All post offices in the state will be connected under the core banking project by 2015," Singh added. There are a total of 8,200 post offices in Odisha with as many as 1 crore 10 lakh account holders. The department has been issuing ATM cards to postal savings bank account holders through which they can withdraw money.
The postal department has also plans to link the Postal Life Insurance service with the core banking scheme so that people can pay their premiums online and check the status of their policies. The department will also roll out core insurance solutions.
India Post, Odisha circle, has also announced to organize the 9th state level Philatelic Exhibition — ODIPEX-2014 — from August 22 to 24 in the city where about 140 philatelists from across the state will participate.
Very rare stamps of great value of national and international importance and awarded philatelists and that of school students based on various aspects of philatelic rules will be displayed at the exhibition. Six beautiful special covers depicting culture and heritage, wildlife and progress of Odisha will be released on the occasion.
"The main attraction of the event will be 'My Stamp' in which one can have his own photo and logos of institutions or images alongside the selected commemorative postage stamps. Twenty stalls by the stamp dealers will be put up where rare stamps and stationary of India and foreign countries with philatelic value will be available," said chief postmaster general of Odisha circle Tilak De.
Notification for “Republic Day 2015 – Stamp Design Competition”
Department of Posts is holding a “Republic Day 2015 – Stamp
Design Competition”. The theme of the competition is Clean India.
i. Entries
are invited for ‘Republic Day 2015 – Stamp Design Competition’. The
participants are to make an original design on this subject (should not be copy
of picture painted by someone else).
ii. Any
citizen of India can participate in this contest. The design could be in ink,
water colour, oil colour or any other medium (computer printed/printout will
not be allowed). The design submitted should be such that can be depicted on
the stamps in a visually appealing manner so as to be of interest to philatelic
collectors.
iii. Participants
are free to use drawing paper, art paper or any other type of white paper of A4
Size.
iv. The
following particulars should be written legibly on the reverse of the
design:
1.
|
Name of the participant*
|
|
2.
|
Age*
|
|
3.
|
Nationality*
|
|
4.
|
Full and complete residential address with Pin code
|
|
5.
|
Phone/Mobile Number*
|
|
6.
|
E-Mail ID (if available)
|
*It is compulsory to provide the
information.
v. An
undertaking stating that ‘The artwork submitted is original and no copyright
issues are involved’ should be sent along with the entry. In case of any legal
dispute related to copyright issue, Department of Posts will not be liable for
the same.
vi. The
design should be sent without being folded, through “Speed Post” only, in
A4 size envelope. The participants should mention “Republic Day 2015
– Stamp Design Contest” on the envelope in which the drawing is sent.
vii. The
prize winning designs will be considered for use on stamps and other philatelic
material. The prize money will be as follows:-
First
prize 10,000/-
Second
prize 6,000/-
Third prize 4,000/-
Third prize 4,000/-
viii. The
entries should reach on the following address by 15.10.2014.The entries
received after the last date of receipt will not be entertained.
To,
ADG (Philately)
Room No. 108(B), Dak Bhawan,
Parliament Street,
New Delhi- 110001
Parliament Street,
New Delhi- 110001
Source : indiapost.gov.in
Govt Proposes to Amend Indian Post Office Act
The government today said it is considering a proposal to
amend the Indian Post Office Act, making postal authorities responsible for non-delivery
or loss in transit of articles for consumers.
"The proposal to amend the Indian Post Office Act,
1898, is under consideration which includes the examination of the scope of
making postal authorities responsible for non-delivery or loss in transit of
the articles of consumers," Minister of Communications and IT Ravi Shankar
Prasad said in a written reply to Lok Sabha.
On a query if Indian Post is losing its share to the
operations of private courier companies, the Minister said the share of both
the traffic and revenue of Speed Post have been increasing over the years.
"Study on Speed Post conducted through the Indian
Market Research Bureau International, reveals that the share of Department of
Posts in the overall courier market has increased from the range of 15.1 per
cent to 18.3 per cent in the year 2010-2011, 16.7 per cent to 19.8 per cent in
year 2011-12 and 17.4 per cent to 20.2 per cent in year 2012-13," he
added.
India Post may apply for payments bank licence
After failing to receive a
full-fledged banking licence from the Reserve Bank of India (RBI) last year,
the department of post is gearing up for a second innings. Now, India Post is looking to set
up a payments bank and is expected to put in fresh application, sources with
direct knowledge of the matter said. “India Post may look at setting up a
payments bank for which it will have to apply again, after which the RBI will
go through its own process to assess whether or not it is eligible,” a senior
government official told HT. The exercise could take a while, he added.
A payments bank can accept
deposits and remit but cannot lend. The move would help in deepening the
financial inclusion programme, sources added.The government is grappling with
the problem to delink post office savings deposits from its fiscal deficit
management programme.Interest rates on post office savings are administered by
the government, unlike commercial banks, where interest rates are market
determined.
If post offices are converted
into banks, they will have to offer competitive interest rates to depositors.
Besides it remains to be seen whether all bank deposits are offered tax
treatment, similar to post office savings, once the postal department is given
a banking licence. While the RBI did not grant a banking licence to India Post
earlier this year, it said that the postal department and the government should
look at the issue separately.
The department, for the last few
years, has remained in the red due to high operational costs. It has been
losing business due to competition from private couriers, usage of mobile
telephony and Internet. However, it has over 150,000 branches across India and
most of them are in rural areas.
Source-hindustantimes
Organization of PLI/RPLI Mela at Divisional level in Odisha
In view of recent flood situation in several places in Odisha Circle, the PLI/RPLI Mela scheduled to be held on 09.08.2014 has been ordered to be deferred to 30.08.2014 (Saturday) by C O keeping all other instructions of earlier letters constant.
Source : AIPEU,BBSR
Expected DA from July 2014 is 7%
Based on the recommendations of the 6th Central Pay Commission, in order to meet the rising expenses of essential commodities and inflation, dearness allowance is given twice every year to the central government employees – from January to June and from July to December – calculated on the basis of the All India Consumer Price Index of Industrial Workers Base Year 2001=100.
The most recently released AICPIN points for the month of June have increased by two and now stands at 246. Since the AICPIN points have increased by two, the dearness allowance percentage arrived at 107.25, is to be calculated, after ignoring the decimal points, as 7%. This will be officially announced by the Central Government after approval of Unionn Cabinet committee in the month of September.
The last two installments, 10% dearness allowance was being paid to the employees. Many wonder why it has come down to 7% this time. There are two main reasons for this, one is AICPIN points, and another is the method of calculating DA. One has to also keep in mind the fact that dearness allowance of 10% was also given based on the same calculations.
The fact is, the next two additional dearness allowances (Expected DA from January 2015, and expected DA from July 2015) are not likely to cross 5%.
Source : CGEN.in
Job Profile of POSTAL ASSISTANT
Postal Assistants are the back born of India Post and the nature of work assigned to them spreads over long hours besides shouldering heavy responsibilities including monetary and non-monetary transactions. Postal Assistant is the main functionary in the Postal Network and translates the policies and planning into practice.
ALL CENTRAL GOVERNMENT EMPLOYEES WILL HAVE TO COMPULSORILY SUBMIT THEIR ASSETS AND LIABILITIES
All Central Government employees will now have to
compulsorily submit a detailed report on their properties and debt owed by
them…
Already, each year, the Group-A officials are required to
submit information about the immovable properties owned by them. Now All
categories of Central Government employees too have been asked to submit these
details. The DOPT has issued relevant orders to this effect.
The Government has issued this order in accordance with
the Lokpal rules. According to this rule, Central Government employees will now
have to submit all details regarding the cash-in-hand, bank investments, share
certificates, stocks and bonds, mutual fund investments, insurance policies,
P.F. details, loans, motor vehicles, gold and silver ornaments, and precious
metals, to the Government.
The employees have to also submit details of movable and
immovable properties owned by their spouses and children. Application forms
will be given to all the employees, to be filled up and submitted before the
31st of July for each financial year.
There are more than 50 lakh Central Government employees,
including IAS, IPS and IFS officers, all over the country. All of them will
have to henceforth submit details of their properties. If the total property
owned by the employee is less than his/her four months’ basic salary, or if the
total amount is less than Rs. 2 lakhs, then he/she could be considered for
exemption from submitting the information.
Those who have already submitted the details will have to
re-submit the form for the current financial year on or before September 15,
2014. Information also has to be furnished about the properties owned by the
spouse and children.
On January 1, President Pranab Mukherjee gave his
approval for the Lokpal Act and regulations. Following this, amendments were made
to the Lokpal Act to make it compulsory for all Central Government employees to
furnish their property details.
Source: CGEN.in
[http://centralgovernmentemployeesnews.in/2014/07/all-central-government-employees-will-have-to-compulsorily-submit-their-assets-and-liabilities/]
.jpg){kind=link}
Budget 2014 : Kisan Vikas Patra (KVP) Re-Introduced
Finance Minister Arun Jaitley on Thursday announced in
the Union Budget 2014-15 that his government will reintroduce the
highly-popular Kisan Vikas Patra (KVP). "I plan to reintroduce the
instrument to encourage people who may have banked and unbanked savings to
invest in it," the finance minister said in his budget speech.
KVPs had been available in denominations ranging from Rs
100 to Rs 50,000 at post offices using cash and used to double investment in
eight years and seven months. There was no upper limit on investment and KVPs
were criticised by several government committees, notably a panel headed by
Reserve Bank of India deputy governor Shyamala Gopinath, which recommended its
closure.
The aim is to, Jaitley told Parliament, encourage people
who may have banked and unbanked savings to invest in this instrument.The FM
said that KVP was a very popular instrument among small savers and is being
re-introduced to promote saving.
The annual ceiling of PPF (Public Provident Fund) raised to Rs 1.5
The annual ceiling of PPF (Public Provident Fund) raised to Rs 1.5
To further increase the household savings for the common man, the Budget 2014 also hiked the PPF (Public Provident Fund) to 1.5 lakh. PPF is considered as one of the most popular and fruitful tax-saving schemes for the common man.
Highlights of Union Budget 2014
-----------------------------------------
Direct Taxes
=============
1. Personal income tax exemption limit raised from Rs. 2,00,000 to Rs 2,50,000.
2. Raised tax exemption for senior citizens from Rs 2.5 lakh to 3 lakh for
senior citizens
3. Tax relief on interest of home loan for self-occupied houses raised to Rs 2
lakh.
4. Exemption Limit under section 80C has been enhanced to Rs. 1,50,000 from
existing Rs. 1,00,000 limit.
5. Public Provident Fund (PPF) limit enhanced to Rs. 1,50,000 from existing Rs.
1,00,000, this is covered under section 80C exemption only.
6. In case of mutual funds, the capital funds held for more than a year will be
taxed at 10 per cent.
7. Education cess will continue at 3%.
Indirect Taxes
===============
8. Excise duty on cigarettes hiked from 11 to 72%.
9. Levy an additional excise duty on aerated waters.
10. Excise duty reduction on specified food processing industries
11. CRT TVs exempted from customs duty to help poor.
12. Color pictures tubes exempt from custom duty.
13. Additional duty on imported computer components.
14. Propose to increase export duty on bauxite to conserve natural resources.
15. To encourage exports 3 forms of semi-precious stones are exempted from
custom duty.
16. A concessional basic custom duty of 5% on machinery for setting up
compressed bio-gas plants.
17. A concessional duty of 5 per cent will be given to setup solar energy
production plant.
18. Basic custom duty reduced on LCD TV’s below 19-inches.
Other Key Highlights
==================
19. Budget proposes to set up agri-infrastructure fund at
a cost of Rs 100 crore; two more agri-research institutes in Jharkhand and
Assam.
20. Indian Depository Receipts (IDR) to be replaced with more liberal Bhartiya
Depository Receipts (BDR).
21. Convergence of New Indian Accounting Standards (IAS) by F.Y. 2014-15
voluntarily and by F.Y. 2015-16 mandatorily.
22. Foreign Direct Investments in Defense enhanced to 49% (With Indian
Management and Control) from existing 26%
23. Under Employee pension scheme (EPS) minimum Pension limit enhanced to Rs.
15000 from existing Rs. 6500 with minimum monthly contribution of Rs. 1000 per
month.
24. Metro rail services to be launched in Lucknow and Ahmedabad; Rs 100 crore
set aside for it.
25. Andaman and Nicobar islands are a crucial part of our country. To tide over
communication related problems, will allocate Rs 150 crore.
26. Northeast to see development of its rail system. Will expedite rail
connectivity in the region and allocate an additional sum of Rs 1000 crore over
and above the interim budget.
27. Rs 500 crore for displaced Kashmiri migrants and their rehabilitation.
28. To promote leadership skills, a young leadership programme will be proposed
and allocated Rs 100 crore.
29. Setting aside Rs 100 crore for training of women in Asian and Commonwealth
games.
30. A sports university to be proposed in Manipal.
31. Propose to provide Rs 200 crore to upgrade indoor and outdoor stadium to
international levels in Kashmir valley.
32. National sports academies for major sports.
33. Each state where there is no AIIMS will be added in the coming years.
34. Rs 2037 crore for new scheme to rejuvenate Ganga.
35. NRI fund for Ganga will be setup too.
36. Our riverfronts and ghats are not only rich historical places but sacred
too. Proposed to set aside Rs 100 crore for this.
37. Budget proposes National Housing Banking programme; sets aside Rs 8,000
crore.
38. Safe drinking water in 20,000 habitations in villages facing problem of
impure drinking water.
39. Effort to link rivers can give rich dividends to the country.
40. Need to develop world class convention facilities with the private sector.
41. Archaeological sites preservation requires immediate attention so allocated
Rs 100 crore for this.
42. Committee will be set up to examine how unused money in postal schemes can
be utilized [India Post team to note]
43. Crisis Management Centres for women to be set up at all government
hospitals in NCR region
44. In order to strengthen border infra, Rs 2,250 crore has been set up. Rs 990
crores for socio-economic development of villages along the border.
45. Propose to allocate Rs 2, 29,000 crore to the Defense sector.
46. Modernization of armed forces is required. Capital out will be increased to
Rs 5000 crore over and above the interim budget.
47. Government approves minimum monthly pension of Rs 1,000 per month under
EPS-95 scheme run by EPFO.
48. Strengthening the regulatory framework of commodity markets.
49. Allow international settlement of Indian debt securities. Introduce a
liberal Bharat Depository receipt.
50. Advise financial sector regulators to eliminate unnecessary restrictions.
51. Also essential to have a modern monetary policy to meet challenges of
complex economy.
52. Deen Dayal Upadhaya Gram Jyoti Yojana to be launched to augment power
supply in rural areas.
53. Rs 200 crore set aside for the Sardar Patel statue project in Gujarat.
54. Presently, 15000 km of gas pipelines in the country. An additional 15000 km
are required, to develop this under appropriate PPP model, long term aim will
be to reduce dependence on any one energy source.
55. Government intention to accelerate production of coal, methane.
56. Rs 200 crore for 6 textile clusters in Rae Bareli, Lucknow, Surat,
Bhagalpur.
57. Expressways parallels to industrial corridors.
58. Government proposes to set up 100 smart cities. Government to provide Rs
7,060 crore for development of such cities.
59. Public sector banks need Rs 2.40 lakh crore equity to conform with
Basel-III norms by 2018
60. Comprehensive policy to announce Indian ship-building industry.
61. Pashmina production unit in Jammu & Kashmir and allocated Rs 50 crore
for this.
62. Definition of MSME will be revised to provide higher capital saving.
63. Bankruptcy framework for MSME’s for an easy exit.
64. SME’s account for a large proportion of economic output. Majority are run
by SC/ST/OBC’s.
65. The performance of apprenticeship training is unsatisfactory, has to be
suitably amended to be responsive to the industry standards.
66. Economic growth export promotion and employment generation is needed.
67. Exports cannot be exponentially increased unless states play an important
role in promoting it.
68. Manufacturing units will be allowed to sell their products through retail
and e-commerce.
69. Budget proposes 49 per cent FDI in insurance through FIPB route.
70. Our Banking system needs to be further strengthened. Need to infuse Rs 2.40
lakh crore in our banks.
71. Bank capital to be raised through retail sale of shares; Government to
continue to hold majority in PSU banks.
72. AIIMS-like institutions in Bengal, Purvanchal and Jharkhand.
73. Rs 400 crore allocated for low-cost housing project.
74. Farmers will get 5% rebate on timely repayment on loans.
75. Rs 100 crore for ‘start up’ programme for youth.
76. Rs 500 crore allocation for price stabilization.
77. Rs 100 crore for the modernization of madrasas.
78. All future indirect transfers under the retro tax regime will be
scrutinized by a high level committee of CBDT before action is taken.
79. Government to set up a high-level Committee to interact with industry to
bring about changes in tax laws if required.
80. Transfer pricing regulations for residents and non-residents being done.
81. Currency notes to have Braille to help the visually impaired.
82. Rs 7,060 crore for new smart cities.
83. Propose Beti Bachao Beti Padao Yojana which will help in generating
awareness and improve efficiencies of delivery of services to women.
84. New urea policy will be formulated.
85. Government medical colleges approved, 12 more medical colleges proposed.
86. Strive to provide toilets in girl schools. Rs 4,966 crores from Rashtriya
Madhyamik Shiksha Abhiyan for this.
87. MNREGA. To focus on productive, asset creating works.
88. 150 crore by home ministry to increase safety of women in larger cities.
89. Plan to achieve total sanitation by year 2019.
90. A national multi-skill programme called ‘Skill India’ will provide skill
sets to the youth for employability and entrepreneurial skills.
91. We wish to achieve 7 to 8 per cent growth in next 3-4 years
92. Fiscal deficit target at 3%.
New legislation will be introduced soon to implement GST.
Employees to get pension payment order on retirement day: Government
In order to check delay in disbursal of pension, the
Centre has decided to give Pension Payment Order (PPO) to all central
government employees at the time of retirement along with their other dues.At present, the scheme for payment of pensions to central
government civil pensioners through authorised banks, issued by the central
pension accounting office provides for an undertaking to be submitted by the
retiring government servant or pensioner to the pension disbursing bank before
commencement of pension.
"It has been found that the first payment of pension
after retirement gets delayed mainly due to two reasons. One, the delay in
receipt of intimation by the pensioner that pension papers have reached the
bank and two, delay on part of the pensioner in approaching the bank for
submission of undertaking," the Ministry of Personnel said.The pensioner would no longer be required to visit the
bank to activate the first payment of pension, it said in a recent order."Therefore, after ascertaining that the bank's copy
has been dispatched by the central pension accounting office, the pensioner's
copy of the Pension Payment Order (PPO) may be handed over to him at the time
of retirement along with other retirement dues. This should be feasible in all
cases where the government servant had submitted pension papers within the
time-limits," the Personnel Ministry said.
An employee posted at a location away from the office of
the Head of Office or who for any other reasons feels that it would be more
convenient to him to obtain his copy of PPO from the bank, may inform the Head
of Office of his option in writing while submitting his pension papers, it
said.
The Ministry of Personnel has asked Office of Controller
General of Accounts to instruct all Pay and Accounts Offices and all pension
disbursing banks to follow its directives.There are about 30 lakh Central government pensioners.The Ministry has also issued a proforma of an undertaking
to be filled by a pensioner and submitted to pension disbursing bank agreeing
"to refund or make good any amount to which he is not entitled to".
Subscribe to:
Posts (Atom)