Jun 22, 2018

Bank Fixed Deposits Vs Corporate Fixed Deposits: Interest Rates, Taxation, Risks



Fixed deposits (FDs) are savings instruments that offer attractive interest rates for a particular amount of money that is invested for a fixed period of time. Fixed deposits are offered by both banks and companies. Thus, bank fixed deposits and corporate fixed deposits are the two types of fixed deposits. People, however, usually know about bank fixed deposits only. Besides, bank fixed deposits, these days, can be created only with a click. Banks have made it so easy to create fixed deposits that people often think of investing in them for the sole purpose of convenience. But what are corporate fixed deposits?

Jun 21, 2018

Restoration Of Pension In Respect Of Defence Service Personnel Who Had Drawn Lump Sum Payment On Absorption



Restoration of pension in respect of Defence Service Personnel who had drawn lump sum payment on absorption in Public Sector Undertakings/ Autonomous Bodies — delinking of qualifying service of 33 years for revised pension with effect from 1.1.2006

No.1(04)/2007/D(Pen/Pol)

Government of India

Ministry of Defence

Department of Ex-Servicemen Welfare

New Delhi,Dated:20th June,2018

7th Pay Commission – Constitution Of Committee To Examine Classification Of Railway Posts




Constitution of Committee to examine classification of Railway Posts consequent upon implementation of 7th CPC recommendations through RSRP Rules,2016.

GOVERNMENT OF INDIA

MINISTRY OF RAILWAYS

(RAILWAY BOARD)

No.PC-VII/2017/RSRP/2(Pt.II)

New Delhi, dated :18.06.2018

Transport Allowance To The Railway Employees – Deprival Of Higher Rate To Those Working In Pay Level 1 & 2



Government’s decision on recommendation of the 7th Central Pay Commission – Transport Allowance to the Railway employees – Deprival of higher rate to those working in pay Level 1 & 2

No. IV/NFIR/7 CPC (Imp) / Allowance/2016/Part I 

Dated: 08/06/2018 

The Secretary (E),

Railway Board,

Special Allowance to Teaching Staff in NVS (Navodaya Vidyala Samiti)




The proposal for continuance of special allowance @ 10% of Basic Pay to the teaching staff of NVS including Librarian has since been approved

NAVODAYA VIDYALAYA SAMITI

(An Autonomous Organization

under Ministry of Human Resource

Development, Department of

School Education & Literacy)

Govt. of India


Sector-62, NOIDA

Uttar Pradesh-201309

20-01/2017-NVS(Admn·)C40B

Date: 15/06/2018

NOTIFICATION

Five Post Office Saving Schemes With Over 7% Interest Rates



Post offices across the country offer banking services which enable you to open several types of accounts that offer attractive interest rates. Five post office savings schemes that are meant for general public, i.e, people below 60 years of age, fetch interest rates of more than 7 per cent. Post office fixed deposits (FDs), monthly income scheme account, public provident fund accounts, national savings certificates (NSCs) and kisan vikas patra (KVP) are meant for general public and offer interest rates over 7 per cent, according to India Post's website, indiapost.gov.in.

Given below are details of five post office saving schemes - post office fixed deposits (FDs), monthly income scheme (MIS) account, public provident fund (PPF) accounts, national savings certificates (NSCs) and kisan vikas patra (KVP):

Jun 20, 2018

Engagement Of Medical Practitioners On Contract Basis In Railways

Railways to engage Medical Professionals on Contract basis – To Engage on contract Medical Practitioners and Dental Surgeons – Details of reimbursement


MINISTRY OF RAILWAYS

RAILWAY BOARD

No. 2018/Trans.CelI/Health/CMP & PTDS

New Delhi, dated: 06.06.2018

7th Pay Commission Pension Benefits Extended To Ayush Council Pensioners

No.D.15020/59/2018-RD

Ministry of AYUSH

(Research Desk)

AYUSH Bhawan,GPO Complex,

Behind INA Market,New Delhi.

Dated : 14th June,2018

Increase In DA For West Bengal State Govt Employees



The West Bengal government has decided to give an additional 18 per cent Dearness Allowance (DA) to state government employees from January next year. The announcement came on Jamai Shashti – or ‘Day of the Son-in-Law’ – when married men employed by the state government have been given half a day’s paid leave in line with the perk announced five years ago.

Chief Minister Mamata Banerjee said the government had also decided to merge the 10 per cent interim relief into the DA. From January 1, 2019, government employees will get a total DA of 125 per cent, she said.

Transport Allowance From January 2017 To June 2017 – Enhanced DA Not Applicable



Transport Allowance prior to implementation of 7th Pay Commission report – Enhanced DA for old Transport allowance between 1st January 2016 to June 2017 will not be applicable – Govt clarifies

21/5/2017-E-II(B) Pt.

Department of Expenditure

E.II(B) Section

Reference PUC I to III, (p.1/NLF of DOT, p2.3/cor.,p.u.6/cor.)

CGHS – Procurement Of Generic Medicines – Procedure


Government of India

Ministry of Health and Family Welfare

Department of Health & Family Welfare

Directorate General of CGHS

No:Z.15025/DIR/CGHS/2018/Procurement Policy Drugs

Nirman Bhawan, New Delhi 110 011

Dated the 12th June, 2018

OFFICE MEMORANDUM