Apr 30, 2018

Aicpin For The Month Of March 2018 – Expected DA From July 2018






DATED: 27th April, 2018

Consumer Price Index for Industrial Workers (CPI-IW) — March, 2018

Benchmark For Promotion To Administrative Grades In Railway Services

Benchmark for promotion to administrative grades in Railway Services – Railway Board Circular dated 16.04.2018 – Benchmark in respect of APARs with numerical grading

Railway board benchmark for promotion

Government of India (Bharat Sarkar) 

Ministry of Railways(Rail Mantralaya) 

Railway Board.


New Delhi, Dated : 16.04.2018

IBC Killing Banks, Likely To Help Crooked Borrowers – AIBEA General Secy

The All India Bank Employees Association (AIBEA), the oldest and largest national trade union of bank employees in India, has been raising bank-related policy and regulatory issues for decades.

In an interaction with Gireesh Babu, C H Venkatachalam, general secretary of the association, speaks about its perspectives on the current banking crisis and what the government should do.

What, according to you, are the reasons for the crisis faced by banks in India?

Railway Employees GPF Interest Rate For The First Quarter Of FY 2018-19

State Railway Provident Fund – Railway Employees GPF Interest Rate for the first quarter of FY 2018-19 – Rate of interest during the year 2018-19 (April, 2018 — June, 2018)

Railway Employees GPF Interest Rate for the first quarter of FY 2018-19



All India Consumer Price Index For The Month Of March 2018

AICPIN for the Month of March 2018 – Consumer Price Index for Industrial Workers (CPI-IW) — March, 2018

Ministry of Labour & Employment – Labour Bureau – CPI-IW for March 2018






Press Release

Apr 29, 2018

10 Years After Supreme Court Order, Centre Agrees To Grant Equal Pension To All Major Generals

After a decade-long struggle for equal pension, all retired major generals, whether they superannuated before or after 1996, will get the same pension, as the Centre on Tuesday told the Supreme Court that it had decided to end the discriminatory monthly payouts.

Retired major generals, through senior advocate Nidhesh Gupta, had been fighting for more than a decade and had succeeded before the apex court, which in 2008 had ruled that “the pay of all pensioners in the rank of major general and its equivalent rank in the other two wings of the defence services be notionally fixed at the rate given to similar officers of the same rank after the revision of pay scales with effect from January 1, 1996”.

Finance Ministry Not In Favour Of Slashing Excise Duty On Petrol, Diesel

Petrol prices hit a 55-month high in the national capital today at Rs 74.50 per litre, while diesel rates reached Rs 65.75 but the finance ministry is not in favour of cutting excise duty, as mentioned by a senior official on Monday. Ironically, the BJP-led government that also rules 21 states, wants the states to cut sales tax or Value Added Tax (VAT) on fuel.

The finance ministry official said that reduction in excise duty is not advisable if the government wants to stick to the path of reducing budgetary deficit. “Excise duty cut would be a political call, but is not advisable if we have to stick to the fiscal deficit glide path outlined in Budget,” he said.

“Every rupee cut of excise on fuel will result in a loss of Rs 13,000 crore to the government,” the official said, adding that the oil ministry has not yet officially asked for a cut in fuel excise duty. It must be mentioned that the government wants to reduce fiscal deficit to 3.3% of the GDP in the current fiscal from 3.5% of the last fiscal.

Instead of reducing excise duty, the states should cut VAT on fuel the official mentioned. “Fiscal considerations are far higher than one or two rupee price impact on consumers. One or two rupee increase doesn’t impact inflation,” the official further added.

The central government levies Rs 19.48 a litre of excise duty on petrol and Rs 15.33 per litre on diesel. State sales tax or VAT varies from state to state. In Delhi, VAT on petrol is Rs 15.84 and Rs 9.68 a litre on diesel.

While the government is hoping that geopolitical tension would ease and US shale oil would help ease oil prices, it is not in favour of tinkering with the autonomy given to oil PSUs to revise rates daily in line with the cost. “Once we have decided on daily price revision, it is not a good thing to tinker with that either through excise or by asking oil marketing companies to absorb prices,” the official said.

India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for half of the pump rates.

The government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.

Subsequent to that excise duty reduction, the Centre had asked states to also lower VAT, but just four of them – Maharashtra, Gujarat, Madhya Pradesh and Himachal Pradesh – reduced rates while others including BJP-ruled ones ignored the call.

In all, duty on petrol rate was hiked by Rs 11.77 per litre and that on diesel by 13.47 a litre in those 15 months that helped government’s excise mop up more than double to Rs 2,42,000 crore in 2016-17 from Rs 99,000 crore in 2014-15.

Source - gconnect 

7th Pay Commission – J&K Government Approves 7th CPC For Employees

In a relief to more than five lakh state government employees and pensioners, the J&K government on Tuesday approved implementation of the seventh pay commission recommendations with effect from January 2016.

With the immediate implementation of revised pay scale, employees will get more than 20 per cent hike in the salary for the month of April, state Finance Minister Syed Altaf Ahmed Bukhari told reporters after the meeting of the state cabinet here.

Costly Diesel Poised To Push Up Public Transport Charges In Maharashtra

The recent surge in diesel price is likely to spur a 10-15% rise in fare of state bus (ST) bus, including Mumbai-Pune AC Shivneris, said sources in the state transport department.

On Monday, the price of diesel in Mumbai touched an all-time high of Rs 70 per litre. “The fuel price rise will have a major impact on our operations,” said a senior MSRTC official. “We may be compelled to draft a proposal for a fare hike in the next few days and submit it to the ST board.” After getting a clearance from the board, the proposal will be sent to the Mumbai Metropolitan Region Transport Authority for final nod.

The MSRTC has a 19,000-strong fleet and ferries over 67 lakh passengers daily across Maharashtra, connecting major cities like Mumbai, Pune, Nashik and Nagpur. MSRTC buses require more than 12 lakh litres of diesel for daily run. The last fare hike was in 2014 and was in the range of 13% to 15%, which included AC buses like Shivneri.

“Since the last three years, we have been facing increasing costs of bus maintenance, tyres and spare parts. There was also a rise in consumer price index of our workers…but the key parameter for a fare hike is fuel price rise,” explained the official.

If there is any hike, it will burden scores of commuters who depend on the buses for travel.

According to sources, the MSRTC incurred Rs 2 crore losses daily, and due to the diesel price hike since July, the losses mounted by an additional Rs 97 lakh. “To curtail the losses, fares have to be increased,” a source said.

On Tuesday, transporters have threatened to go on strike if diesel price is not reduced. Bal Malkit Singh of All India Motor Transport Congress said: “Around 65% of the operational costs for a transporter constitutes diesel cost. It is…slowing killing the tra-nsport industry.” The association has demanded a cut in excise duty and other taxes on fuel to bring down the rates and provide temporary relief to transporters. The excise duty is 22-23% and total taxes paid on fuel is around 43%, Singh said.

It is not just truck, tempo and trailer owners who are hit, but also tourist buses and school buses which ply on diesel, sources said.

Source - Gconnect 

NPS Subscribers – How To Submit FATCA Certificate Online?

NPS Subscribers: Submit FATCA Self-Certification through Online – How to submit FATCA certificate online?

Foreign Account Tax Compliance Act (FATCA) and Central Registry of Securitization Asset Reconstruction and Security Interest (CERSAI)
Ministry of Finance

Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements

7th Pay Commission Overtime Allowance Basic Pay And DA Element To Be Revised From 1st January 2016

Grant of Overtime Allowance (OTA) to Railway employees Consequent upon revision of pay scales and allowances – Effective from 01.07.2017 – Railway Board order dated 20.03.2018

Ministry of Railways Circular dated 20.03.2018 regarding Grant of Overtime Allowance

Increase In HRA For Karnataka State Government Employees On Implementation Of Pay Commission

Increase in HRA for Karnataka State Government Employees – Revised Rates of HRA for Karnataka Govt Employees Government Order No.FD 18 SRP 2012 dated 19.10.2012

Revised Rates of HRA admissible in the Revised Pay Scale with effect from 1st April 2018

UP Board Result 2018: Check UPMSP Class 10, Class 12 Result

UP Board Result 2018 – The Uttar Pradesh Class 10 (High School) and Class 12 (Intermediate) board examination 2018 results will be released today (Sunday, April 29, 2018). The result will be uploaded by the Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) online on the board’s official website – upsessb.org and upresults.nic.in. The intermediate (class 12) result will be declared at 12.30 pm and the high school (class 10) result at 1.30 pm.

UP Board Result 2018 – As per latest information, there could be half-an-hour delay in declaring the UP Board result. The result is expected to be out between 12.30 pm to 1 pm.

The Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) will upload the UP board high school and intermediate results on the official websites of UPMSP Board – upmsp.edu.in, upresults.nic.in, upmspresults.up.nic.in and results.nic.in. The students can visit the above mentioned websites to check their result.

UP Board Result 2018 – The board will announce the Uttar Pradesh Board results 2018 at 12:30 pm but there can be half-an-hour delay. The UPMSP will publish Inter results on April 29 at 12.30 pm while High School exams 2018 will be out at 1:30 pm.

How to check your UP Board Class 10 and 12 Result 2018:

Log on to any web site address given above

Click on the Results link available on the homepage

You will be redirected to results page

Enter your name, roll number and select class 

Your result will be displayed on screen, download it or take a printout 

Students can get the UP Board Class 10 Results 2018 and UP Board Class 12 Results 2018 on Mobile via SMS

# SMS – UP10<space>ROLLNUMBER – Send it to 56263

# SMS – UP12<space>ROLLNUMBER – Send it to 56263

Source - Gconnect 

Modified Parity In Revision Of Pension Of Pre-2006 Pensioners – Department Of Pension Clarification

Modified parity in revision of pension of pre-2006 Pensioners – Parity/ Modified Parity in pension/revised pension/family pension of all pre-1996 retirees with those who retired on or after 01.01.2006 – DP&PW clarification.

Ministry of Personnel, PG and Pensions circular regarding “Parity/Modified Parity in pension/revised pension/family pension of all pre-1996 retirees with those who retired on or after 01.01.2006

F. No. 11/1/2015-JCA

Government of India

Ministry of Personnel, PG and Pensions

Department of Personnel & Training

North Block, New Delhi


Shri S. G. Mishra

Secretary, Staff Side

National Council Staff Side (JCM),

13-C, Ferozshah Road, New Delhi – 110 001

Subject: Proposal of the Staff Side to record disagreement of the unsettled 6th CPC anomalies and to refer the same to Arbitrator.


I am directed to refer to your letter no. NC-JCM-2008/6th CPC dated 14.08.2017 on the subject cited above and to say that the comments received from Department of Pension & PW vide OM No. 42/21/2009-P&PW(G)33199 dated 09/04/2018 regarding “Parity/Modified Parity in pension/revised pension/family pension of all pre-1996 retirees with those who retired on or after 01.01.2006 is enclosed.

2. It is requested that comments on the aforesaid item if any, may please be forwarded to this Department.

Yours sincerely

(Raju Saraswat)

No. 42/21/2009-P&PW(G)/33199

Government of India

Ministry of Personnel, PG and Pensions

Department of Pension & Pensioners Welfare

3rd Floor, Lok Nayak Bhawan

Khan Market, New Delhi-110003

Subject:- Proposal of the Staff Side to record disagreement of unsettled 6th CPC anomalies and to refer the same to Arbitrator-Comments of DoPPW

The undersigned is directed to refer to DoPT’s DO No. 11/1/2015-JCA dated 26.03.2018 on the subject cited above and to say that the comments of this Department in respect of Item No 15,16,17 & 21 are enclosed (Annex-A).

2. This issues with the approval of competent authority.

(Charanjit Taneja)
Under Secretary to the Govt. of India

Shri D.K.Sengupta

Deputy Secretary (J CA)

Department of Personnel and Training

North Block, New Delhi


Item no. 15,16,17&21:- Parity/ Modified Parity in pension/revised pension/family pension of all pre-1996 retirees with those who retired on or after 01.01.2006.

In accordance with an Office Memorandum dated 01.09.2008, for revision of the pension of the pre-2006 pensioners, the pension/family pension of existing pre-2006 pensioners/family pensioners was to be consolidated with effect from 01.01.2006 by adding together (i) The existing pension/family pension (ii) Dearness Pension, where applicable (iii) Dearness relief up to AICPI (IW) average index 536 (Base year 19823100) i.e. @ 24% of Basic Pension/Basic family pension plus dearness pension as admissible and (iv) fitment weightage @ 40% of the existing pension/family pension. Para 4.2 of the Office Memorandum dated 01.09.2008 provided that the fixation of pension will be subject to the provision that the revised pension, in no case, shall be lower than fifty per cent of the minimum of the pay in the Pay Band plus the Grade Pay corresponding to the pre-revised Pay Scale from which the pensioner had retired and in the case of HAG+ and above scales, this will be fifty per cent of the minimum of the revised Pay Scale.

2. Clarification on various provisions of the OM dated 1.9.2008 were issued vide Department of Pension and PW OM No.38/37/08-P&PW(A) pt. 1 dated 3.10.2008. In regard to Para 4.2 of the OM dated 1.9.2008 the following clarification was issued:-

“The pension calculated at 50% of the minimum of pay in the pay band plus grade pay would be calculated at the minimum of the pay in the pay band (irrespective of the pre-revised scale of pay) plus the grade pay corresponding to the pre-revised pay scale. For example, if a pensioner had retired in the pro-revised scale of pay of Rs.18400-22400, the corresponding pay band being Rs. 37400-67000 and the corresponding grade pay being Rs. 10,000/- p.m., his minimum guaranteed pension would be 50% of Rs. 37,4001 Rs. 10,000 (i.e. Rs. 23,700).

The pension will be reduced pro-rata, where the pensioner had less than the required service for full pension as per rule 49 of the CCS(Pension) Rules, 1972 as applicable on 01.01.2006 and in no case it will be less than Rs. 3500/- p.m.

In case the pension consolidated as per para 4.1 of OM.No.38/37/08-P&PW(A) dated 1.9.2008 is higher than the pension calculated in the manner indicated above, the same (higher consolidated pension) will be treated as Basic Pension.”

3. In the Agenda item, the JCM (Staff side) claimed that the revised pension/family pension of all pic-2006 pensioners/family pensioners would not be less than 50% of the minimum of the pay band l grade pay, corresponding to the pre-revised pay scale from which pensioner had retired, as arrived at with reference to the fitment tables annexed to Ministry of Finance, Department of Expenditure’s O.M. No. l/l/2008-IC dated 30.8.2008.

4. In the last meeting of the Anomaly Committee the staff side argued that a reading of the recommendation of the Sixth Pay Commission on the matter indicated that the intent of the Pay Commission was to grant modified parity to pro-01.01.2006 pensioners by allowing the same fitment benefit as is being recommended to the existing Government employees subject to the provision that revised pension shall not be lower than 50% of the minimum of the pay in the pay band prescribed for the grade pay and the sum of the grade pay with reference to the minimum of the pay band plus the grade pay which is not consistent with the recommendation of the Sixth CPC. Officer of Department of Expenditure stated that this was not the intent of me recommendation of the Pay Commission. After some discussion, the Staff Side request the Official Side to examine the matter once again.

5. After the above meeting of the Anomaly Committee, the following decisions have been taken by the Government:

(i) Orders were issued vide this Department’s OM of even number dated 28.1.2013 for stepping up of pension of pre-2006 pensioners w.e.f. 24.9.2012 to 50% of the minimum of pay in the pay band and grade pay corresponding to pre-revised pay scale from which the pensioner retired. Para 5 of this OM provides that in case the consolidated pension/family pension calculated as per para 4.1 of OM. No.38/37/08-P&PW (A) dated 192008 is higher than the pension/family pension calculated in the manner indicated in the OM. dated 28.1.2013, the same (higher consolidated pension/family pension) will continue to be treated as basic pension/family pension.

(ii) Subsequently, in compliance of an order dated 1.11.2oll of the Hon’ble CAT, Principal Bench in OA No. 655/2010, order dated 29.4.2013 of Hon’ble, High Court of Delhi in WP (C) No. 1535/2012 and order dated 17.3.2015 of Hon’ble Supreme Court in SLP (C) No. 36148/2013, order were issued vide this Department’s 4 O.M. No.38/37/O8-P&PW(A) dated 30.7.2015 that the pension/family pension of all pre ~ 2006 pensioners/family pensioners may be revised in accordance with this Department’s O.M. No.38/3 7/08-P&PW(A) dated 28.1.2013 with effect from 1.1.2006 instead of24.9.2012.

(iii) Vide OM. No.38/37/08-P&PW(A) dated 6.4.2016, it was decided that the revised consolidated pension of pre-2006 pensioners shall not be lower than 50% of the minimum of the pay in the Pay Band and the grade pay (wherever applicable) corresponding to the pre-revised pay scale as per fitment table without pro-rata reduction of pension even if they had qualifying service of less than 33 years at the time of retirement.

6. With the issue of the aforesaid orders, the demand of the staff side in regard to modified parity to pre-2006 pensioners has been accepted and implemented.

Source - Gconnect 

KVS Limited Departmental Competitive Examination-2018 – Date Extended

Vice-Principal, PGT, TGT & H.M. for Limited Departmental Competitive Examination-2018 – LDE (Teaching)-2018: Last Date Extended upto 1st May 2018

Notice – LDE (Teaching)-2018: Last date of submission of Online Application is extended upto 01-05-2018.
18, Institutional Area, Shaheed Jeed Singh Marg
NEW DELHI-110016
F.11055-1/2016-KVS(HQ)/RPS/LDE-Teaching Posts/

CISF To Guard UIDAI Data Centre At Manesar

To provide security to the Unique Identification Authority of India (UIDAI) data centre at Manesar in Gurugram, the Central Industrial Security Force (CISF) took over the charge of security of the building on Friday.

The building will be guarded by 159 CISF personnel to protect it against possible terror strikes or other threats.

“The CISF personnel deployed at the building will be headed by a deputy commandant rank officer. They will provide armed security cover to the facility round-the-clock,” said assistant inspector general Hemendra Singh.

Special vehicle-borne quick reaction teams of commandos will also be stationed at vantage points to charge in case of an attack or sabotage-like activity, he added.

UIDAI was set up to develop and implement the necessary institutional, technical and legal infrastructure to issue unique identity numbers, popularly known as Aadhaar, to Indian citizens.

Source: TH

Tax Benefits On Education Loan And Fees; Here’s All You Need To Know

Education has the potential to propel the qualify of life of society and individual in geometric progression velocity. Since education is becoming more and more expensive year after year, the government intends to provide some relief to the tax payers by allowing various tax reliefs in this respect. Let us discuss the benefits attached with education under income tax laws.

Tax benefits on interest paid on education loan

A person can avail tax benefit in respect of interest paid for a loan taken for the purpose of higher education of certain relatives under Section 80E. Higher education for the purpose of claiming interest means any educational course undertaken after completion of Senior Secondary Examination. The benefit can be claimed for yourself, your children or even your spouse or even any child for whom you are a legal guardian.

This deduction can be claimed for eight years in a row beginning from the year in which interest payment starts. Please note that the deduction is allowable on payment basis. So in case you pay arrears of interest on your education loan in a particular year, you will be able to claim full interest paid during the year irrespective of the year to which the interest pertains to.

There is no restrictions as to the quantum of deduction unlike for tuition fee for which the overall claim will be restricted to Rs 1.50 lakh in a year. Moreover the course for which the education loan is taken can be part time or full time unlike for claiming tuition fee. It is interesting to note that the deduction in respect of interest payment for loan can be for education anywhere in the world, unlike deduction for tuition where the educational institution has to be situated in India.

For being eligible to claim this deduction, a loan has to be taken from any financial Institution or any approved charitable Institution. The financial institutions include any bank or any other institution approved by the government. The charitable institution should also be recognized as such by the Central government. So, if you borrow from your friends or relatives for your education, you cannot claim this deduction.

Payment of tuition fee of children

The tax laws allow you a deduction up to Rs 1.50 lakh every year in respect of the tuition fee paid for full-time education of a maximum of two of your children in India. This deduction is available together with other eligible items of deduction like provident fund contribution, PPF, home loan repayment, life insurance premium, etc. The education can be had in a school, college, university or any other educational institution in India. Since this covers only expenses for full education, any payments made to coaching classes are not covered under this section. The eligible fee paid can be claimed even if the children is not dependent on you.

It is also worthwhile to note that the deduction up to Rs 1.50 lakh covers only tuition fee and does not cover any donation or as development fee by whatever name called. In case a person has more than two children undergoing full-time education and if both the parents are working, then each of the parent can claim this deduction for two children.

Exempt Allowance for salaried people

In addition to the above benefits which are available to salaried and self employed both, the tax laws also provide for certain allowances received by an employee from his employer as fully exempt. The first exempt allowance is education allowance received from your employer up to Rs 100 per month each for two of your child. The second exempt allowance is hostel allowance @ Rs 300 for each child for up to two child. It is important to note that the allowance will be treated as exempt only if you have incurred the expenses against the allowance granted by your employer. Moreover you can not claim these exemptions unless your employer provides you such allowance as part of your salary.

From the above discussion it becomes apparent that the government is keen to improve the level of education in India and grants various tax benefits related to education.

Source: FE

Tamil Nadu Government Spending 61 Per Cent Revenue On Employees, Says CM

“Nearly 61 per cent revenue of the Tamil Nadu government is spent towards the benefit of 13 lakh government employees,” CM said. “In the recent days, Government employees have been protesting for various demands and some political parties are triggering their protests indirectly.

For the welfare of government employees, the government has implemented the 7th Pay Commission recommendations and sanctioned Rs 14,877 crore. Of the 100 per cent revenue earned, 31 per cent has been spent on implementing various Central Government schemes. In the remaining 69 per cent revenue, 61 per cent has been spent on the government employees alone for their pension and salary,” he defended.

It was only in the remaining eight per cent revenue that welfare schemes for the 7.87 crore people in the State were being implemented, apart from paying interest on loans received from various agencies, he said.

Hence, he wanted the government employees to consider these aspects and extend full support and cooperation to the government.

As a part of his three-day visit to Salem, the CM participated in a function where he inaugurated various projects and laid foundation stone for new schemes on Friday. Totally, he distributed welfare assistance to the tune of Rs 26 crore.

Source: TNIE

Not So Sweet: GST Council May Consider Sugar Cess In Next Meeting

The Goods and Services Tax (GST) Council, headed by finance minister Arun Jaitley, will likely take up as early as in its next meeting, a proposal for the imposition of a cess on sugar to create a fund that will help mills clear cane dues owed to farmers, a senior government official said.

With cane arrears to farmers mounting, an informal ministerial panel explored options such as production-linked subsidy, imposition of sugar cess and reducing GST on ethanol to help sugar mills in clearing dues worth Rs 19,000 crore to sugarcane farmers.

The fund is proposed to finance the gap between the cane price mills can pay to farmers in accordance with a revenue-sharing formula recommended by the Rangarajan Committee and the benchmark rate — fair and remunerative price (FRP) — fixed by the central government.

Road Transport and Highways Minister Nitin Gadkari, Food Minister Ram Vilas Paswan and Petroleum Minister Dharmendra Pradhan held a meeting to discuss ways to deal with huge cane arrears to growers. The meeting was also attended by senior officials of PMO and ministries of agriculture, commerce, food, petroleum and finance.

“Sugarcane arrears have touched about Rs 19,000 crore. We discussed this issue. There were several suggestions like production linked subsidy, sugar cess and reduction of GST on ethanol from 18 per cent to 5 per cent,” Paswan told reporters after the meeting. He said, the government has not decided anything now and there could be one more meeting before finalising Cabinet proposal on this issue. Paswan said.

Sources had earlier said a cess of Rs.1-1.50 per kg of sugar would be adequate to ensure farmers get their dues on time and mills are in much better shape as well. The food ministry had also written to the ministries of law and finance for advice if indeed such a cess could be levied on the GST.

Source: FE

How To Fill The New Details Required In ITR-1

The tax department has uploaded the new income tax return (ITR) Form1 or Sahaj for the financial year 2017-18 on its e-filing website. This is the form that is used by most of the salaried class to file their ITRs.

Unlike last year, this year’s form requires taxpayers to provide break-up of their salary income and income from house property. In the FY18 form, for instance, you will have to provide details about value of perquisites, non-exempt allowances, interest paid on borrowed capital and so on. And don’t worry, you will not have to run helter-skelter in a bid to find these details, especially those relating to salary income.

Apr 24, 2018

Railway Ministry Entity To Raise Rs 40 Billion For Station Redevelopment

The first phase of the railway ministry’s Rs1-trillion station redevelopment plan is set to take off soon. Indian Railway Stations Development Corporation (IRSDC) is likely to raise about Rs40 billion from the markets for upgrading at least 50 stations.

The nodal agency in this regard, it will become the second entity under the ministry, after arm Indian Railway Finance Corporation (IRFC) to raise money from the markets. The ministry decided to redevelop stations by itself through IRSDC, under an engineering, procurement and construction (EPC) model, after getting only a tepid response from private entities when bids were invited for 21 stations.

Job Alert - At The Indian Law Institute

Source – E- employment News

Apply Now - At Debt Recovery Tribunal - I,

Source – E- employment News

Vacancy Alert - Post Of Director - Join Hands With Us To Be A Part Of Excellence In Health care

Source – E- employment New

Apply Now - Appellate Tribunal For Electricity

Source – E- employment News

Post of Assistant At Development Commissioner For Handlooms

Source – E- employment News

Apply Now - Jawaharlal Institute Of Postgraduate Medical Education and Research

Source – E- employment News

Job Alert - Post Of Deputy Director In CCRT

Source – E- employment News

Admission Open - Institute Of Life Sciences

Source – E- employment News

Vacancy Alert - Post of Director - Coconut Development Board

Source – E- employment News

Apply Now - At Indian Council Of Historical Of Research

Source – E- employment News

Will 2019 General Election Bring Good News To Govt Employees’ Minimum Pay, Fitment Factor Issue

Will 2019 general election bring good news to govt employees’ minimum pay, fitment factor issue – Will 7th Pay Commission will be implemented in toto with Govt employees representations

The government has not made any proposal on withdrawal of discussions in regards to hike in minimum pay scale and fitment factor.

The struggle of 48 lakh central government employees over their minimum pay and fitment factor hike beyond 7th CPC report recommendation has continued for nearly two years now. These employees feel hard done by especially as FM Arun Jaitley had promised to give due consideration to their issue at official venues. However, government employees are still hoping for an increase in the fitment factor and minimum pay, despite the fact that the government has said it is not thinking along those lines at all. The hope are pinned to a list of development taken by government, which leads directly or indirectly to 7CPC drawing attention of all concerned to the matter.

CGHS Online Appointment Booking At Wellness Centre

CGHS Online Appointment Booking at Wellness Centre – Good News for the CGHS cardholders – The Hindu News

Here is good news for Central government pensioners. Full-fledged online appointment has been restored at the CGHS Wellness Centre, located on the premises of the Government Hospital for Mental Care, with effect from April 16, according to T.K. Bhagavanudu, CGHS cardholder and pensioner, who has been fighting for the cause since long.

States Like Bihar, UP, Chattisgarh, MP, Rajasthan Keeping India Backward: NITI Aayog CEO

NITI Aayog CEO Amitabh Kant on Tuesday said that the reason why India is backward is because of the states like Bihar, Uttar Pradesh, Chattisgarh, Madhya Pradesh and Rajasthan. “Eastern part of India particularly states like Bihar, UP, Chattisgarh, MP and Rajasthan is keeping India backward especially on social indicators,” he told ANI.

Kant’s statement comes at the first Khan Abdul Gaffar Khan Memorial Lecture at Jamia Millia Islamia University

7th Pay Commission – HRA Impacts Inflation By 35bps : RBI Staff Study

Increase in HRA by the Centre from July 2017, pushed up housing inflation significantly with concomitant impact on headline inflation according to an RBI staff paper. An analysis of CPI by the authors shows that the 7th pay commission’s HRA increase pushed up headline inflation prints gradually from July 2017, with a peak impact of about 35 bps.

According to the paper under the series ` Mint street memos’. Increase in HRA by the central government from July 2017, pushed up housing inflation significantly and in turn headline inflation. Since the middle of last year, revision in house rent allowance (HRA) for government employees, has pushed upward measured inflation. The paper first explains the method of housing index compilation and demystifies the way of assessing the impact of HRA on headline inflation. Second, it measures the progress of housing inflation before and after the increase by the 7th Central Pay Commission (CPC).

Your Bank Could Soon Charge You For ATM Transactions, Cheques & Cards

The tax department has asked country’s top lenders including State Bank of India, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank to pay tax that could run into thousands of crores, on ‘free services’ provided to customers maintaining a minimum account balance, with retrospective effect.

Show cause notices have been issued by the Directorate General of Goods and Services Tax Intelligence (DGGST) and is likely to be made on other banks as well.

The tax will be levied for the last five years, the period for which past service tax cases can be opened, said a senior official aware of the details.

Apr 23, 2018

National Pension System Corpus Increases 38% To Rs 2.47 Lakh Crore

National Pension System corpus increases 38% to Rs 2.47 lakh crore – PFRDA chief said that the regulator is planning bring out a guaranteed annuity product for the pension fund customers.

The total assets under management (AUM) of the pension fund players — operating under the National Pension System (NPS) and regulated by the Pension Fund Regulatory and Development Authority (PFRDA) — have increased 38 per cent to Rs 2.40 lakh crore in 2017-18. PFRDA chairman Hemant Contractor said that the subscriber base of the industry has grown 37 per cent to 21.8 million and the new players who want to join the industry have to wait further as the government is yet to decide how to structure the 49 per cent foreign direct investment (FDI) that is allowed in the pension fund industry.

Apr 22, 2018

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