Cabinet approves modifications in the 7th CPC recommendations on pay and pensionary benefits
Goods and Services Tax Allowance Committee 7th Pay Commission Income Tax exemption
Central Government abolished various Cesses in the last three years for smooth roll-out of GST Allowances Committee Report and Financial Expenditure Committee on 7th CPC Allowances : FM Press Note Income Tax exemption benefit on Housing Loan Interest (FAQ)

General news

Securing the Personal information including Aadhar No, in RTI Applications/ Appeals in compliance to Aadhar Act, 2016 and Information Technical Act, 2000

Securing the Personal information including Aadhar No, in RTI Applications/ Appeals in compliance to Aadhar Act, 2016 and Information Technical Act, 2000

F. No. 1/1/2013-IR (pt.)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
IR (Division)

North Block, New Delhi
Dated 20th June, 2017

Office Memorandum

Subject: Securing the Personal information including Aadhar No., in RTI Applications/ Appeals in compliance to Aadhar Act, 2016 and Information Technical Act, 2000.

The undersigned is directed to refer to this department’s OM of even no. dated 21.10.2014, 23.03.2016 and 07.10.2016 vide which it has been requested that personal information of an RTI applicant should not be disclosed, while uploading the application/ appeal etc. on the public domain/ websites.

2. In this context, it is to be stated that Ministry of Electronics And Information Technology (Meity) have circulated guidelines for securing Identity information and Sensitive personal data or information in compliance to Aadhar Act, 2016 and Information Technology Act, 2000, wherein they have instructed that personal particular and information including Aadhar No. etc. should not be published in public domain/websites etc.

2. In view of the above, it is requested that all Ministries/Departments of Govt. of India including the subordinate offices may ensure the following while handling RTI applications viz. receiving, replying and uploading on websites etc.:-

(a) the personal information details like Aadhar no. should not be asked for while handling RT/ applications.

(b) that the Aadhar no. or such other personal information is hidden from public view while uploading the RT/ applications/ Appeals/ Replies to the RT/ applications on websites, if Aadhar no. is mentioned therein.

(Preeti Khanna)
Under Secretary to the Govt. of India

To All Ministries/Department of Govt of India

Source: DoPT

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Minister for Science & Technology Launches Mobile App Celebrating Yoga to connect people through Yoga for scientific healthy living

Dr. Harshvardhan Launches Mobile App “Celebrating Yoga” to connect people through Yoga for scientific healthy living

Minister for Science & Technology Dr. Harshvardhan launched a Mobile App “Celebrating Yoga” developed by Department of Science & Technology, Ministry of Science & Technology in New Delhi today.  The Mobile App has been developed by DST on the occasion of International  Yoga Day 2017.  The  purpose of the APP is to  popularise Yoga and encourage people to participate in it for a scientifically healthy living.

Healthy life of citizens improves productivity and economy of the country as a whole. Practicing Yoga is a means of maintaining a healthy society in harmony with nature and fulfil developmental aspirations.

This aspect of quality of life is aligned with the National Mission “Swasth Bharat” of the Government of India. The Department of Science & Technology has launched a research programme “Science and Technology of Yoga and Meditation (SATYAM)” under its Cognitive Science Research Initiative (CSRI). As Yoga and Meditation are interdisciplinary endeavors that interface with Neuroscience, Medicine, Psychology, Engineering, Philosophy etc., YOGA can contribute in a holistic way to derive integrated benefits.

Celebrating Yoga provides a platform to share information and insights about peoples’ participation in Yoga activities on the occasion of the International Yoga Day 2017; create awareness and encourage a scientifically healthy living.

The App will enable in capturing both mass events being organized in   public places, schools and office complexes across the country and individual enthusiasts who are performing yoga to promote the celebration of the day and yoga performances.

The App will be connected with Google Map where shared information can been seen by the users. Subsequently the information posted will also be visible on  DST website through a social wall. The App Celebrating Yoga (DST) can be downloaded from Google Play Store:

  • Install and open the app.
  • Share your Yoga event and submit
  • View your photos and locations on Google Map

The information gathered through this app will be shared subsequently with the  Ministry of AYUSH to complement their efforts.

PIB

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Atal Pension Yojana (APY) can now be subscribed digitally

Atal Pension Yojana (APY) can now be subscribed digitally;

eNPS Channel (APY@eNPS) involves complete digital enrolment process

Pension Fund Regulatory and Development Authority (PFRDA) has now introduced “APY@eNPS” which involves a complete digital enrolment process. This is the latest in the series of various initiatives taken by PFRDA for expansion of outreach of Atal Pension Yojana (APY), to give additional push to cover the as yet unreached population at greater ease. PFRDA has conducted meetings with Banks and Deptt of Post at Kolkata, Bengaluru & Mumbai respectively for the earliest roll out of the facility call.

Shri A G Das, CGM, PFRDA recently addressed the meetings at Mumbai where IT department /Nodal officers of the Banks/Deptt of Post were present. PFRDA had briefed about the benefits of APY@eNPS platform to the Service Providers under APY where more than 45 bank officials (IT officials/Nodal Officers) were present. The APY service providers have been briefed to develop APY@eNPS channel features before 30th June 2017.

PIB

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Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017

Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance Bill, 2017. The Bill would provide for a comprehensive resolution framework for specified financial sector entities to deal with bankruptcy situation in banks, insurance companies and financial sector entities.

The Financial Resolution and Deposit Insurance, Bill 2017 when enacted, will pave the way for setting up of the Resolution Corporation. It would lead to repeal or amendment of resolution-related provisions in sectoral Acts as listed in Schedules of the Bill. It will also result in the repealing of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 to transfer the deposit insurance powers and responsibilities to the Resolution Corporation.

The Resolution Corporation would protect the stability and resilience of the financial system; protecting the consumers of covered obligations up to a reasonable limit; and protecting public funds, to the extent possible.

The Government has recently enacted the Insolvency and Bankruptcy Code, 2016 (“Code”) for the insolvency resolution of non- financial entities. The proposed Bill complements the Code by providing a resolution framework for the financial sector. Once implemented, this Bill together with the Code will provide a comprehensive resolution framework for the economy.

The Financial Resolution and Deposit Insurance Bill, 2017 seeks to give comfort to the consumers of financial service providers in financial distress. It also aims to inculcate discipline among financial service providers in the event of financial crises by limiting the use of public money to bail out distressed entities. It would help in maintaining financial stability in the economy by ensuring adequate preventive measures, while at the same time providing the necessary instruments for dealing with an event of crisis. The Bill aims to strengthen and streamline the current framework of deposit insurance for the benefit of a large number of retail depositors. Further, this Bill seeks to decrease the time and costs involved in resolving distressed financial entities.

PIB

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11th BPS Update : Management Issues (10 Points)

11th BPS Update : Management Issues (10 Points)

ALL INDIA BANK OFFICERS’ ASSOCIATION

Circular No.7/VII/2017

June 5, 2017
Camp: Mumbai

TO

ALL UNITS / STATE COMMITTEES

Comrades,

WAGE REVISION – SECOND ROUND.
EXCHANGE OF CHARTER OF DEMANDS.

As you aware that the owners are anxious to settle the wage revision which is due from 1.11.2017, and to achieve this goal there were communications to the Bank managements time and again. Prior to Nationwide strike exclusively by Bankmen on 28th Feb, 2017, officers’ organisations had submitted the broad summary on 20/02/2017 to IBA. Following the submission, at Chennai, on 19th April, 2017, a meeting was held, in which, Com.Alok Khare, Com. M.A.Srinivasan, Com. V.Ramabhadran , Com.G.Gunasekaran and the undersigned participated in the exercise. It was the past practice to submit the Charter of demands of officers and workmen together, but, on 2nd May, 2017, it was not possible.

In the meanwhile, to fine tune the COD, once again, a meeting was held on 1/06/2017 at INBOC office at MUMBAI, in which Com. Alok Khare, Com. V.Viswanathan and the undersigned participated.

IBA has invited the negotiating unions for a discussion today at IBA office to take the wage talks further. Chairman of the IBA Negotiating Team, Shri.R.K.Thakkar, (UCO) Smt. Usha Ananthasubramanian, (Allahabad Bank), Shri.Prashant Kumar (SBI), Shri.V.G.Kannan, CEO IBA, Shri.Rajkumar Dy.CEO, Shri.K.S.Chauhan Vice President HR & IR, besides the members of HR Dept of IBA. CEO, IBA initiated the proceedings of the meeting and handed over the forum to Chairman, Negotiating Team, for taking the discussion further.

After the exchange of the CODs by Officers and Workmen organisations with IBA and the IBA handing their list of demands, Chairman Negotiating team expressed that the time line mentioned in the earlier meeting should be kept in mind, present health of Industry and also the negotiations for officers shall be restricted upto Scale III. He further placed the periodicity of meeting will be every month. While supplementing the views of IBA, Smt. Usha Ananthasubramanian, emphasised that there should be a forward movement at the conclusion of the every meeting.

Reacting to the observations made, representatives have expressed that the expectations of the workforce should be fully addressed, de-stressing of the workforce should be carried out, health of the industry is not on account of the wage cost, negotiations cannot be restricted upto Scale III, residual issues of last wage revision exercise to be resolved viz., Regulated working hours, Discipline and Appeal Regulations, Accountability Policy, 5 days a week, issues of retirees- record note, officer representatives in the Banks’ boards, comparison of wages with Pay commission, unilateral introduction of service condition by a bank, Number of representatives to be allowed to participate in the negotiation, protection from cyber-crime, and problems encountered by the employees in the Insurance backed hospitalisation scheme etc. The meeting lasted for nearly an hour. The representative of the Officers’ organisations have handed over a letter addressed to Chairman IBA pertaining to the restriction stipulated by IBA.

MANAGEMENT ISSUES:

[1] C2C concept to be brought in;

[2] Rationalisation of Special Pay carrying posts.

[3] Review of the two graduation increments;

[4] Transfer and deployment of workmen staff;

[5] Simultaneous conduct of departmental and judicial proceedings for workmen;

[6] Conducting the departmental proceedings after retirement of workmen;

[7] Premature retirement of workmen;

[8] Outsourcing of any activity within the RBI guidelines;

[9] Review of the automatic movement of officers from Scale I to II and also Scale II to III ;

[10] To mark lien on NPS fund of employees to recover loss to the Bank on account of their proved misconduct.

UFBU meet-Post discussion with IBA: Subsequently, the representatives of nine unions met and discussed the issues confronting the Industry as well as the collective approach on the wage revision. The meeting lasted for nearly 90 minutes with the decision to meet on a mutually convenient day for a detailed discussion to chalk out the future course of action to “Save the Banking Industry” and also “halt the attacks on jobs and job Security”.

Awaiting for the forward movement for a collective, consensus and also achievable plan of action.

Yours Comradely,
/S.NAGARAJAN/
GENERAL SECRETARY

Source: http://www.aiboa.org/

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Atal Pension Yojana (APY) included under Section 7 of the Aadhaar Act 2016

Atal Pension Yojana (APY) included under Section 7 of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act 2016;

APY currently has more than 54 lacs subscribers with an asset base of more than Rs. 2,200 crores.

With an objective of bringing in transparency, efficiency and to enable beneficiaries to get their entitlement directly in a convenient and seamless manner, Aadhaar card has been constituted as the primary document in identification of the beneficiary under the Aadhaar Act which came into effect from 12th September 2016.

Atal Pension Yojana (APY) has now been included under the Section 7 of the Aadhaar Act. As per the provisions of the Act, any individual who is eligible to receive benefits under the APY will have to furnish proof of possession of Aadhaar number or undergo enrolment under Aadhaar authentication. A copy of the notification is attached.

Accordingly, an APY subscriber will have to get the Aadhaar number recorded in his or her APY pension account and also in his/ her savings account where the periodic pension contribution instalments are debited and government co-contribution is to be credited. In case a subscriber is not yet having an Aadhaar card, he/ she should immediately get him/ her enrolled for the Aadhaar card for which he or she can visit the nearest Aadhaar enrolment centre. The list of all such centers is available on UIDAI website, www.uidai.gov.in.

PFRDA has identified nearly 12.35 lakh subscribers who are eligible for Government of India co-contribution for an amount upto Rs 1000 for the financial year 2016-17 which will be released to the eligible subscribers’ savings bank accounts which are seeded with Aadhaar. These subscribers are advised to approach their Bank or Postal Branch for seeding their Aadhar Number.

In the recent times, various new initiatives like online viewing of Statement of Transactions (SOT) and online PRAN card under APY have been taken up by PFRDA for facilitating subscribers under the scheme.

Atal Pension Yojana currently has more than 54 lacs subscribers with an asset base of more than Rs. 2,200 crores.

PIB

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Standard Operating Procedure for Engagement of Ministries/Departments of Government of India with PFMS and NTRP

Standard Operating Procedure for Engagement of Ministries/Departments of Government of India with PFMS and NTRP.

SOP for Engagement of Ministries/Department with PFMS and NTRP

F. No. S-11012/e-payment-PFMS/9(4)TA-II/2016-17/553

Ministry of Finance
Department of Expenditure
Controller General of Accounts

Mahalekha Niyantrak Bhawan. GPO Complex
E-Block, INA, New Delhi – 110023

Date: 07.06.2017

OFFICE MEMORANDUM

Subject: Standard Operating Procedure for Engagement of Ministries/Departments of Government of India with PFMS and NTRP.

Reference is invited to this office QM. No. S-11012/e-payment-PFMS/9(4VTA-II/2016-17/251 dated 22nd March, 2017 regarding engagement of Ministries/Departments of Government of India with PF MS and NTRP.

2. With reference to above, a Standard Operating Procedure (SoP) containing necessary guidelines / instructions for engagement of Ministries/Departments of Government of India with PFMS and NTRP is enclosed for information and necessary action. All the Ministries/Departments of Central Government are required to go through the SoP in order to submit their proposals for integration with PFMS and NTRP to office of CGA through their Pr. CCAs/CCAs/CAs. O/o CGA, alter examining the proposal with respect to the relevant Rules/Provisions of GAR, R& P Rules, GFR, DFPR etc., will forward the same to PFMS for further necessary action. The PFMS will process the proposal in consultation with the concerned Ministry/Department and CGA and implement the same finally under intimation to CGA and Ministries/Departments concerned.

3. The proposal may contain the following:-

a) The reason for integration – Payment/Receipt/Accounting/Reporting;

b) The nature of the facility which is to be integrated- Whether manual access needed or portal available

c) The details regarding portal and integration

1. Objective

ii. Scope

iii. Deliverables

iv. Status of development

v. The future Phases

vi. Timelines

d) ‘AS IS’ and ‘TO BE’ process

e) Process flows and business rules of the line function

f) Any Business Process Re-engineering (BPR) envisaged

g) Timeline envisaged for integration

h) Resources, if any available to support development

i) Expectation from PFMS/ office of CGA

j) Team for integration and nodal officer- coordinates

3. All Pr. CCAs/CCAs/CAs of Ministries/Departments of Central Government may circulate these instructions to various Departments/Wings/Divisions of their ministries for information and necessary action.

4. The Non-Civil Ministries/Departments i.e. Railways, Defence, Posts and Telecommunications may submit their proposals to this office through their accounting heads.

This issues with the approval of the Controller General of Accounts.

(Dr. Shakuntala)
Joint Controller General of Accounts
Encl: As above.

To

1. All Secretaries of the Civil Ministries/Departments of Government of India
2. Secretary (Defence Finance), Ministry of Defence
3. Controller General of Defence Accounts, Ministry of Defence
4. Financial Commissioner, Ministry of Railways, Railway Board
5. Member (Finance), Department of Telecommunications
6. Financial Advisers of all Civil Ministries/ Departments
7. Joint Secretary & Financial Advisor, Department of Posts
8. All Pr. CCAs/CCAs/CAs (I/c) of Ministries/Departments

Copy to:
l. PPS to CGA
2. PPS to Addl, CGA (GPG)
3. PPS to Addl, CGA (C)

Click here to download CGA’s OM

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Publishing of Tender Notices by all Central Government Ministries/ Departments/ Attached subordinate offices/ Field offices as per new GFR

Government of India
Ministry of Information and Broadcasting
Directorate of Advertising and Visual Publicity
Soochna Bhawan, Lodhi Colony, CGO Complex, New Delhi

Dated: 17.05.2017

F.N.11/0280/1617-MR&C

ADVISORY

Subject: Publishing of Tender Notices by all Central Government Ministries/ Departments/ Attached subordinate offices/ Field offices as per new GFR -reg.

1.Attention of all Central Government Ministries/ Departments/ Attached Subordinate offices/ Field offices is drawn to the provisions as given in the recently amended General Financial Rules (GFR) 2017, in respect of tender advertisements for procurement of goods and services.  In this connection, Rule 161(i & ii), 183(ii) and 201(ii) etc. may be referred to.

2.These rules have done away with the need for publishing advertisements in newspapers for procurement of goods and services.  This has now been replaced with mandatory e-publishing of advertisement on Central Public Procurement Portal (CPPP) at www.eprocure.gov.in and on GeM.

3.In case Ministry/Department/Attached Subordinate office/Field office, still insists that the advertisement should be published in newspapers, a request to DAVP should be sent in a signed letter stating that Competent Authority has approved publication of newspaper advertisement/s despite new GFR provisions.  In such cases too, only window advertisement should be published in newspapers alongwith publication on CPPP, GeM and website of respective organisations.

4. This issues with the approval of Competent Authority.

sd/-

(R.C. Joshi)

Director (MR&C)

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Beti Bachao Beti Padhao: Information for All

Beti Bachao Beti Padhao: Information for All

It has come to the notice of Ministry of Women & Child Development (MWCD), Government of India that certain unauthorized sites/organizations/ NGOs/individuals are distributing illegal forms in the name of cash incentive under Beti Bachao Beti Padhao Scheme. The scheme has no provision for individual CASH TRANSFER COMPONENT by Government of India. Beti Bachao Beti Padhao scheme focuses on challenging mindsets and deep rooted patriarchy in the societal system, strict enforcement of PC&PNDT Act, advancing education of the girl child: focus is on issues of women empowerment on a life cycle continuum. It is not a DBT (Direct Benefit Transfer) scheme.

The Ministry of Women & Child Development has taken up this matter with the State Government Authorities where this illegal activity has taken place namely, Uttar Pradesh, Haryana, Uttarakhand, Punjab, Bihar, Madhya Pradesh and West Bengal. The warning has been broadcast several times by this Ministry on print media as well as electronic media to this effect. The Ministry had advised that no personal details should be shared in this regard and no one should subscribe to such fraudulent scheme.However, still some people are falling prey to such frauds and paying money or disclose personal details in name of such non-existent benefit being falsely offered in the name of BBBP scheme. The general public is therefore, once again advised not to fall prey into this fake and fraudulent information.

PIB

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Invitation of Applications for the Internship Scheme of the Department of Economic Affairs for the year 2017-18

Most Immediate

No. A- 48011/19/2016- Admn.I
Government of India
Ministry of Finance
Department of Economic Affairs\
(Administration Division)

Room No.-234, North Block, New Delhi
Dated : 30.05.2017.

Subject : Invitation of Applications for the Internship Scheme of the Department of Economic Affairs for the year 2017-18 – regarding.

Department of Economic Affairs has the mandate to carry out not only the economic diplomacy but also to build and maintain the economic health of the country, which essentially envisages close interaction with various financial institutions, both domestic and international.

2. The need for an Internship Scheme for the Department has been felt for quite some time, which is beneficial to both the Department and the intern. The Internship Scheme will ensure interaction with various financial institutions, both domestic and international.

3. The interns especially from reputed Economic Institutes/ Schools are expected to be instruments par excellence in adding flavour to the functioning of the Department. DEA shall assign to an intern specific assignment from an area administered by the Department. Such area could be Capital Market, Economic Reforms at macro level, Development Assistance to India from multilateral/bilateral financial institutions/ countries, Exchange Management, Foreign Investment in India and Indian Investment abroad, Monetary Policy, Fiscal Policy, Tariff Policy, Domestic Regulations, Inflation Management, Debt Market Operation and Debt Management (External & Domestic), Small Savings, Modernisation of Budget Documents etc.

4. The objective and guidelines/ salient features of the Internship Scheme of the Department of Economic Affairs are given below:

Objective
  • To familiarize the selected candidates with the overall process of formulation of economic policies of the Government at macro level.
  • The internship is neither a job nor any such assurance thereof in the Department of Economic Affairs.
Eligibility

Candidates with Graduation degree in first class and pursuing Post Graduation in Economics from Universities/ Institutions of National and International repute are eligible to apply for the internship.

Duration

Duration of internship is up to six months at different points of time during a financial year (other than December to February)

Token Remuneration

Token remuneration @ Rs.10,000/- per month per intern, payable on satisfactory completion of their internship and on submission of their Report/Paper.

Declaration of Secrecy

Interns are required to furnish to the Department a declaration of secrecy before reporting for the internship

Logistic Support

Interns will be provided with the necessary logistics support, i.e. office space and computer with internet facility

Submission of Paper

The interns will have to present to the concerned Head of Division Report/ Paper on the allotted subject at the end of the internship.  Simultaneously, they are required to give to the concerned HoD their mandatory feedback on their experience of the Programme.

Certificate of Internship

Certificate will be issued to the interns on satisfactory completion of their internship and on submission of their Report/Paper.

How to apply

Interested and eligible students may apply on-line in response to this advertisement by 6.00 P.M. of 19th June, 2017 by clicking on the following link:

https://mofapp.nic.in/

Selection

All the applications received through on-line process will be considered by the Selection Committee of DEA. The actual offer of Internship may be sent to 15 the selected candidates.

5. In order to allocate the selected applicants, as per their interests, to various Division, it is suggested that the applicants should go through the website of the Ministry of Finance and indicate in their application the name of Division and three topics of their interest, in order of preference, on which they would like to work upon during their internship. The details of the works assigned to different Divisions in DEA are available on the website of the Ministry of Finance (http://www.finmin.nic.in and http://dea.gov.in).

sd/-
(Rajani Ranjan)
Under Secretary to the Government of India

Source : finmin

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3 years of Modi government – A report card

Press Information Bureau
Government of India
President’s Secretariat

26-May-2017 12:14 IST

Three years of Modi government: A report card

The record of the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) during its three years in power has been impressive, judging by macroeconomic parameters, especially inflation.

Politically too, the BJP has seen unprecedented ascendancy by wresting back power in Uttar Pradesh in March after a gap of 15 years and expanding its electoral footprint to the North-East. This in part explains why Prime Minister Narendra Modi remains India’s most popular political leader.

Still, controversies associated with the actions of fringe saffron groups have left the BJP vulnerable to criticism. The next general election is due in 2019 and, to a large extent, the outcome will depend on Modi’s management of the optics and his government’s ability to generate jobs to meet the growing aspirations of voters.

Here is a look at the key themes of the NDA’s three years in power.

CONNECTIVITY

Positive

1. New integrated transportation initiative for roads, railways, waterways and civil aviation.

2. Sagarmala and Bharatmala programmes for the construction of new ports and expressways.

3. UDAN (Ude Desh ka Aam Naagrik) regional connectivity scheme with fares starting at about Rs2,500.

Negative

1. Increasing number of railway accidents.

2. 23km per day of highway construction achieved vis-a-vis a target of 41km.

3. Air India’s finances are still precarious. The national carrier is still grappling with legacy issues.

TERROR, DEFENCE AND FOREIGN POLICY

Positive

1. Carried out surgical strikes across the Line of Control (LoC) in Kashmir, resumed cordon and search operations in more than 20 villages in Shopian.

2. Combing operations launched against Maoists in Chhattisgarh.

Prime Minister Narendra Modi’s “neighbourhood diplomacy” falling in place as relations with Bangladesh, Nepal and Sri Lanka look up.

Negative

1. No strategy to pre-empt rebel attacks on security personnel in districts where Maoists are active.

2. Ties with Pakistan and China are icy despite Prime Minister Modi making trips to both countries (a December 2015 stopover in the former).

3. Relations with Russia – India’s once time-tested friend – too seem to be in the doldrums.

FARMERS

Positive

1. New crop insurance scheme and higher funding for irrigation to counter weather risks.

2. Set an ambitious goal to double farm incomes in real terms by 2022, moving away from the historical focus on increasing production.

3. Initiated a range of marketing reforms to create a “one nation, one market” in agriculture.

Negative

1. Decline in wholesale prices of vegetables and pulses has dented farm incomes.

2. A loan waiver in Uttar Pradesh led to a moral hazard problem and delay in repayment of loans in other states.

3. Acute drought in southern states led to a spike in farm suicides.

GREEN ECONOMY AND ENERGY

Positive

1. Push for electric vehicles.

2. Rs42,000 crore unlocked for afforestation with Parliament passing The Compensatory Afforestation Fund Bill, 2016.

3. Clean and renewable energy generation gets a boost.

Negative

1. Neglect of the forest and wildlife sectors. Decisions pending on a national forest policy, definition of forests, inviolate forest areas and a national wildlife action plan.

2. Activists allege that the government is favouring industries and indiscriminately giving green clearances, ignoring the toll taken on the environment.

3. Ganga clean-up is yet to gather momentum.

Positive

1. Got states on board to introduce the goods and services tax (GST), the biggest tax reform since independence.

2. Crackdown on black money leads to a surge in 2016-17 tax receipts, number of return filers.

3. Merger of railway budget with Union budget and shifting budget presentation date to 1 February from 28 February.

Negative

1. Demonetisation drive led to short-term cash crunch, hit small and medium enterprises.

2. Pending cases of retrospective taxation on past transactions still unresolved.

3. Inability to bring back black money stashed away abroad by citizens.

POLITICS

Positive

1. Getting unanimity on the economic reforms agenda with high parliamentary productivity.

2. Series of electoral gains puts the National Democratic Alliance (NDA) on the political forefront.

3. Expanding voter base of the BJP to Dalits and other backward classes, focus on expansion in the North-East.

Negative

1. Failure to get consensus on reform policies like a proposed land bill.

2. Allegations of toppling elected state governments.

3. Problems within the NDA: the Peoples Democratic Party (Jammu and Kashmir), Shiv Sena (Maharashtra) and Telugu Desam Party (Andhra Pradesh) are annoyed with the BJP leadership.

EMPOWERMENT – SOCIAL SAFETY, EDUCATION, JOBS, GENDER

Positive

1. Graded autonomy to promote quality in education.

2. Slew of social security measures to benefit the working class.

3. Six months of paid maternity leave for working women.

Negative

1. The Women’s Reservation Bill is still pending.

2. New Education Policy still to be formulated.

3. Job creation yet to pick up pace.

MINDSET CHANGE

Positive

1. Swachh Bharat Abhiyan launched to eliminate open defecation and promote cleanliness.

2. Soviet-style five-year plans come to an end; 15-year vision, three-year action plan come into play.

3. Cashless economy.

Negative

1. Hyper-nationalism as seen through the lens of social media trolling and rise of vigilante groups with little regard for human life.

2. Rise of vigilante groups with political agendas who attack minorities.

3. In spite of stricter laws, greater awareness and even campaigns, violence against women continues unabated.

DIGITAL AND COMMUNICATIONS

Positive

1. Improving e-infrastructure, e-participation and government e-services for addressing transparency.

2. Unified Payments Interface (UPI) – a payment system that allows mobile-enabled money transfers between bank accounts. Promotion of the Bharat Interface for Money (BHIM) for a less-cash economy.

3. Leveraging Aadhaar for improving service delivery to citizens.

Negative

1. Call drops continue despite mobile phone services providers promising improvement.

2. Drop in digital payment transactions with the easing of a cash crunch that followed the demonetisation of high-value banknotes in November.

3. Leakage of Aadhaar data.

OPTICS

Positive

1. Doing away with the red beacon – a symbol of so-called VIP culture – from all government vehicles.

2. Extending support to ending the practice of triple talaq.

3. Introducing the Beti Bachao Beti Padhao (save the girl child, educate the girl child) scheme.

Negative

1. Rise of vigilante groups called Gau Rakshaks, who target people suspected of harming cows or consuming beef.

2. Launch of the anti-Romeo squads in Uttar Pradesh, ostensibly to protect women from harassment, but seen widely as moral policing.

3. Ghar Wapsi (homecoming), aimed at promoting the conversion of non-Hindus to Hinduism, and campaign against Love Jihad, allegedly practised by Muslim men to win over Hindu women.

Be the first to comment - What do you think?  Posted by admin - May 26, 2017 at 1:47 pm

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BOTTLENECKS IN THE COMMENCEMENT OF SALARY REVISION NEGOTIATIONS IN BANKING INDUSTRY

11th Bipartite News – Bottlenecks in the commencement of Salary Revision Negotiations in Banking Industry

All India UCO Bank Officers Federation

Ref.: Com/EC/ 97 /2015-2018

Dated :22.05.2017

All Office Bearers, E.C.Members & Units

BOTTLENECKS IN THE COMMENCEMENT OF SALARY REVISION NEGOTIATIONS IN BANKING INDUSTRY

We have today sent a communication to Hon’ble Finance Minister of India on the captioned subject. A copy of the same is enclosed for information.

All our members/affiliates are requested to await further developments in this regard.

With greetings,
SD/-
(D.T.Franco)
GENERAL SECRETARY

Text of the Letter

Letter No: AIBOC/2017/19

Dated: 20/05/2017

Shri. Arun Jaitley,
Hon’ble Minister for Finance,
Government of India,
NEW DELHI.

Dear Sir,

BOTTLENECKS IN THE COMMENCEMENT OF SALARY REVISION NEGOTIATIONS IN BANKING INDUSTRY

We are sorry to bring to your kind notice that even though the Government of India has been insisting for an early salary revision settlement at the industry level between the Indian Banks Association and the United forum of Bank Unions, there has been an unnecessary delay due to certain avoidable difficulties created by the Management of few banks in the Banking industry. It is historical that the salary revision in the Banking industry takes place once in 5 years through bilateral negotiations between the associations/unions and the Indian Banks Association covering over 10 lac workforce in the entire banking industry.

During the last five decades we have concluded 10 bipartite settlements and the 11th one is now expected to take off. The first round of meeting was held between the IBA and the constituents of the United Forum of Bank unions on 2nd May, 2017 but without any concrete progress. One of the major hurdles that we are now encountering is in respect of the ‘mandate’ to be given by the member banks to the Indian Banks’ Association. A few of the banks have given a conditional mandate creating a chaotic and confusing situation in the negotiations, by insisting that they are allowing mandate for discussions only upto officers of scale III and that the remaining scales will have to be left to the discretion of the Bank.

2.The Banking Industry is overwhelmingly under the control of the Government of India due to the historical decisions taken by the Government of India during 1969 and 1980. The Nationalization of Banks was in the best interests of the economy and to take Banking facilities to the nook and corner of the country. We have seen the great contribution made by the banks during the last several decades due to this consolidation and ownership by the Central Government. But there was one area which was causing serious industrial relations crisis in the Banks at frequent intervals. Different banks had different service conditions and compensation system creating serious problems in the area of HR management.

It was at this stage that the Government of India appointed Pillai Committee for the purpose of standardization of the scales and grades and also to bring parity amongst the Public Sector banks. After a thorough study of the service conditions that existed in those days, the Pillai Committee submitted a comprehensive report aiming at standardization and uniformity in the service conditions of the Officers in the Banking Industry. Thereafter, the Government of India introduced the recommendations of the Pillai Committee in the Banks for ensuring standardization and parity amongst the Public Sector Banks.

Thus, a well-developed pattern was established over the next rounds of bipartite system in carrying forward the attempts made by Pillai Committee for the purpose of standardization of the salary scales and compensation system in the Banking industry. The Pillai Committee had recommended 4 grades and 7 scales which has now become a regular feature in all the Public Sector banks including the State Bank of India.

3.The Officers’ organizations have been negotiating with the Indian Banks Association in respect of all these 7 scales over the last several bipartites. Thus, the industrial relations have been cordial and harmonious as far as the salary structure and compensation systems were concerned as they were being discussed and settled through bilateral negotiations at the industry level. The present decision of some of the Banks, in particular the bigger Banks, seem to create a similar disparity which was prevailing earlier to distort the broad parity that is prevailing in the banking industry by attempting to retain the right of decision in regard to the scale IV and above in the banking industry. This will defeat the very purpose of the Pillai Committee’s attempt in ensuring parity and the subsequent objectives of the bilateral settlement.

4.We have conveyed our sentiments to IBA in our informal discussions and have requested them to ask all the Banks to give an unconditional mandate for negotiations on all scales rather than restricting it up to scale III alone. We therefore request your kind intervention in the matter so that the issue could be resolved without any further escalation on this issue which may affect the smooth conduct of negotiations.

5.Please treat the matter as urgent.

Thanking you in anticipation.

Yours sincerely,
SD/-
(D. T. Franco)
GENERAL SECRETARY

Source: www.aiucbof.com

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Key Achievements and Initiatives of Department of Financial Services for providing Social Security and Credit to various sections of society and ensuring Financial Inclusion

Key Achievements and Initiatives of Department of Financial Services for providing Social Security and Credit to various sections of society and ensuring Financial Inclusion

Through its Major Schemes, Department of Financial Services is ensuring financial inclusion, providing social security to the people as well as providing credit to various sections of the society. The major achievements of various schemes under the Department are highlighted below.

1. Pradhan Mantri Jan Dhan Yojana (PMJDY)

The deposit base of PMJDY accounts has expanded over time. As on 05.04.2017, the deposit balance in PMJDY accounts was Rs. 63,971 crore in 28.23 crore accounts. The average deposit per account has more than doubled from Rs. 1,064 in March 2015 to Rs. 2,235 in March 2017.  22.14 crore RuPay cards have been issued under PMJDY.

The Bank Mitra network has also gained in strength and usage. The average number of transactions per Bank Mitra, on the Aadhaar Enabled Payment System operated by Bank Mitras, has risen by over eightyfold, from 52 transactions in 2014-15 to 4,291 transactions in 2016-17.

PMJDY

2. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

PMJJBY

As on 12th April, 2017, Cumulative Gross enrolment reported by Banks subject to verification of eligibility, etc. is about 3.1 Crore under PMJJBY. A total of 63291 claims were registered under PMJJBY of which 59770 have been disbursed.

3. Pradhan Mantri Suraksha Bima Yojana (PMSBY)

As on 12th April, 2017, Cumulative Gross enrolment reported by Banks subject to verification of eligibility, etc. is about 10 Crore under PMSBY.  A total of 12816 claims were registered under PMSBY of which 9646 have been disbursed.

PMSBY

4. Atal Pension Yojana (APY)

As on 31st March, 2017, a total of 48.54 lakh subscribers have been enrolled under APY with a total pension wealth of Rs. 1,756.48 crore.

5. Pradhan Mantri Mudra Yojana     

Under the scheme a loan of upto Rs. 50000 is given under sub-scheme ‘Shishu'; between Rs. 50,000 to 5.0 Lakhs under sub-scheme ‘Kishore'; and between 5.0 Lakhs to 10.0 Lakhs under sub-scheme ‘Tarun’.

As per latest data, loans extended under the Pradhan Mantri Mudra Yojana (PMMY) during 2016-17 have crossed the target of Rs. 1,80,000 crore for 2016-17. Sanctions currently stand at Rs. 1,80,528 crore. Of this amount, about Rs. 1,23,000 crore was lent by banks while non-banking institutions lent about Rs. 57,000 crore.

Data compiled so far indicates that the number of borrowers this year were about 4 crore, of which over 70% were women borrowers. About 18% of the borrowers were from the Scheduled Caste Category, 4.5% from the Scheduled Tribe Category, while Other Backward Classes accounted for almost 34% of the borrowers.

6. Stand Up India Scheme

The Scheme facilitates bank loans between Rs.10 lakh and Rs.1 crore to at least one Scheduled Caste/ Scheduled Tribe borrower and at least one Woman borrower per bank branch for setting up greenfield enterprises. This enterprise may be in manufacturing, services or the trading sector.

As on 11th April, 2017, Rs 5807.7 crore has been sanctioned in 28444 accounts. Of these, women hold 22708 accounts with sanctioned loan of Rs 4740.11 crore, Scheduled Caste persons hold 4487 accounts with sanctioned amount of Rs 825.17 crore while Scheduled Tribe persons hold 1249 accounts with a sanctioned amount of Rs. 242.43 crore.

Stand Up India Scheme

7. Varishtha Pension Bima Yojana (VPBY)

The revived Varishtha Pension Bima Yojana (VPBY) was formally launched by the Finance Minister on 14.08.2014 based on the budget announcement made during 2014-15 and has been opened during the window stretching from 15th August, 2014 to 14th August, 2015. Thus all those who subscribe to the VPBY during this period will receive an assured guaranteed return of 9% under the policy. As per LIC, a total number of 3,23,128 policies with corpus amount of Rs. 9073.20 crore have been subscribed to the Scheme.

8. Other Initiatives

The Government of India in the Interim Budget of FY 2014-15, announced the setting up of Venture Capital Fund for Scheduled Castesunder the head Social Sector Initiatives in order  to promote entrepreneurship among the Scheduled Castes (SC). The scheme is operational since 16.01.2015 with a present corpus of Rs. 290.01 crore contributed by Ministry of Social Justice and Empowerment, Govt. of India (Rs. 240.01 crore) and IFCI Ltd. as sponsor and investor (Rs. 50 crore).  As of 15.03.2017, IFCI Venture Capital Fund Ltd. has sanctioned and disbursed Rs. 236.66 crore and Rs. 109.68 crore to 65 and 32 beneficiaries, respectively under the scheme since launch of the scheme.

The Credit Enhancement Guarantee Scheme (CEGS) for Scheduled Castes (SCs) was announced by Govt. of India in the Union Budget of 2014-15 wherein a sum of Rs.200 crore was allocated towards credit facility cover for young and energetic start-up entrepreneurs, belonging to SCs, who aspire to be part of neo middle class category with an objective to encourage entrepreneurship in the lower strata of the society resulting in job creation besides creating confidence in SCs.

Banks have undertaken Financial Literacy programmes through 718 Financial Literacy and Credit Counselling Centres (FLCCs). A total of 17,422 skilling centres have been mapped with branches and literacy centres, and financial literacy imparted to 7 lakh students. The literacy materials have been developed in regional languages and disseminated.

Card acceptance infrastructure: To augment card acceptance infrastructure for use of debit cards, a major drive was undertaken between December 2016 and March 2017, resulting in an increase in the number of Point of Sale (PoS) terminals by an additional 12.54 lakh, up from 15.19 lakh as on 30.11.2016. Further, to improve such infrastructure in villages, 2.04 lakh PoS terminals have been sanctioned from the Financial Inclusion Fund by NABARD.

PIB

Be the first to comment - What do you think?  Posted by admin - May 24, 2017 at 5:01 pm

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Election of Delegates to Kendriya Bhandar

ELECTION OF DELEGATES

NOTICE

Elections for the Delegates of Kendriya Bhandar (CGECCS Ltd.) are to be held in
the third/fourth week of June 2017. The list of shareholders (members) is already placed and available on the website of this Department. This list is also available at the website of Kendriya Bhandar at www.kendrivabhandar.org.in and in the Head Office at Pushpa Bhawan, Madangir Road, New Delhi-110062.
2. All the eligible shareholders (members) were earlier requested through a Notice in
the newspaper and through website of this Department to verify their names in the list of voters. If any change was required to be made in the name, such request was to be addressed to Secretary, Kendriya Bhandar between 10.30 AM to 5.00 PM from
07.05.2017 to 13.05.2017 and the request for change was to be submitted along with
supporting document.
3. As per the decision of Executive Committee, the shareholders (members) enrolled
upto 31 st March, 2017 shall be eligible to vote in the election of delegates and the list of voters has to be prepared accordingly.
4. Only few requests have been received by the Kendriya Bhandar for change in name
etc. Therefore, it has been decided that one more opportunity which will be final
opportunity will be provided till 29th May 2017, for making requests for changes, if
any in the list.
4. The list of shareholders will be updated on the basis of requests received upto 29th
May, 2017 and election of the Delegates of the Society will be held on the basis of the final list so prepared. No request in this regard will be considered after 29th May, 2017. For any query/clarification, the shareholders may contact Mr. Mukesh Kumar (9212436282)/Mr.Sandeep Bawa (Mobile No.8802516868) or at the e-mail address
adminkendriyabhandar.orq

(G.Srinivasan)
Deputy Secretary to the Govt. of India & Returning Officer

Election of Delegates

Be the first to comment - What do you think?  Posted by admin - May 23, 2017 at 7:04 pm

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Holding regular meetings with representatives of recognized staff associations

Holding regular meetings with representatives of recognized staff associations: Min of Finance

F.No. C-30013/06/2012-AD-IV-A Vol.II
Government of India
Ministry of Finance
Department of Revenue

New Delhi the 16th May, 2017

To
All Principal Chief Commissioner/Chief Commissioners/Director General Customs and Central Excise/Directorate under Central Board of Excise and Customs.

Subject: Holding regular meetings with representatives of recognized staff associations.

Sir,
I am directed to say that instructions have been issued by the Board from time to time, emphasizing the importance of an effective grievance redressal mechanism involving regular interaction with staff association in the field formulations.

2.  The extant instructions of the Dept.. of Personnel & Training on Joint Consultative Machinery (JCM) also provide for periodical meetings of Office Councils in the field formation, on regular basis.  However, the staff association, in their representations to the Board, have agitated the issue of grievances redressal mechanism not functioning effectively in the field formations.

3. It is reiterated that an effective grievance rederssal mechanism is an essential pre-requisite for maintaining harmonious employer-employee relations and for boosting the morale and motivation levels of the staff at all times.  It is accordingly reiterated that the Heads of Departments/Cadre Controlling Authorities at Zonal/Commissionerate levels may ensure that meeting with recognized staff associations are convened effectively at regular intervals, both under the JCM format and otherwise, for redressing their grievances.

4.  In the recent instruction, It was decided henceforth, that a quarterly meeting will be held under the Chairmanship of Member(A) with all recognized associations, to discuss the Departments/Cadre Controlling Authorities were directed to furnish the Action Taken Report of meeting held at Zonal Level to Board at quarter ending of the year i.e. March, June, September and December.

5.  Since, no Action Taken Reports have been received from any HoD, it is, therefore, requested to furnish the same by 20.05.2017 for the quarter ending March, 2017, so that meeting with all Association could be done.

Yours faithfully,

(B. Ginkhan Mang)
Under Secretary to the Govt. of India

Source: Confederation

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Extend Full Support and solidarity to the struggle of Defence Employees for Existence

Extend Full Support and solidarity to the struggle of Defence Employees for Existence.

Hon’be Defence Minister Sri Arun Jaitley has taken decision to outsource 143 products to PRIVATE SECTOR which are being at present manufactured by ordnance factories of Govt of India. Accordingly Defence Ministry has issued orders on 27.04.2017. On implementation of the above major policy decision of the Defence Ministry ,the job of almost 20000 (twenty thousand) defence civilian employees of ordnance factories involved in the production of these 143 products will be at stake. Jobs which are now performed by dedicated ordnance factory workers for years together are being snatched and given to private sector. As a result defence employees are facing serious threat to their job security.

Against the above decision of the BJP-led NDA Government , defence employees are organising series of agitational programmes including staying away from the work for one hour during the beginning hour of the duty on24th May 2017 and conducting demonstrations. Confederation National Secretariat calls upon all affiliate’s and COC’s to extend full support and solidarity to the struggle of the defence employees against privatisation and for job security. Leaders of the Confederation are requested to visit the leaders of ordance factory workers and All India Defence Employees Federation which is spearheading the struggle and convey our support in person .

M.KRISHNAN
Secretary General
Confederation
Mob & WhatsApp : 09447068125.
Email : mkrishnan6854@Gmail.com

Source : Confederationhq

Be the first to comment - What do you think?  Posted by admin - May 16, 2017 at 11:31 am

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Filling up of the post of First Secretary (Legal), Permanent Mission of India (PMI), WTO, Geneva for a period of three years

MOST IMMEDIATE/OUT TODAY

F.No. 3/1/2017-FA(UN)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel & Training

North Block, New Delhi,
Dated the e, May, 2017

To,

1. The Chief Secretaries,
All State/ UT Governments.

2.The Secretaries of the Cadre Controlling Ministries/Departments/Departments of Gp. ‘A’ Services of the Govt. of India, participating in the Central Staffing Scheme (As per list attached).

Subject: Filling up of the post of First Secretary (Legal), Permanent Mission of India (PMI), WTO, Geneva for a period of three years- reg.

Sir/Madam,

It is proposed to fill up the post of First Secretary (Legal), Permanent Mission of India (PMI), WTO, Geneva for a period of three years. The post is at Deputy Secretary/Director level.

5. The mandatory and desirable qualifications for the post are as under :

(C) Mandatory Qualifications

(i) The officer must have worked for at least 2 years at the Centre under the Central Staffing Scheme.

(ii) The officer should have experience in trade, commerce, industry and allied sectors either at the Centre or in the State Government/Cadre.

(iii) The officer should have a degree in Law (LL.B.).

(iv) The officer should be clear from vigilance angle.

(v) The officer should not have been debarred from Central deputation.

(vi) The officer should have at least ‘Very Good’ Service record. However, preference will be given to officers who have ‘Outstanding’ service record.

(vii) The officer should not be over 54 years of age.

(viii) The officer should not have been posted on an assignment in a foreign/captive post of Government of India, earlier.

(ix) The officer should not have been nominated for foreign training or should not be on training or foreign assignment, currently.

(x) The officer should not be on study leave or long leave.

(xi) The officer should be at least one batch below the batch of officers who are currently empanelled to hold the post of joint Secretary or its equivalent with the Central Government.

D) Desirable Qualifications

(i) Exposure to international negotiations in trade, commerce, industry and allied sectors.

(ii) Work experience on legal documents and treaties.

6. This post may be circulated amongst officers eligible to be appointed at the level of Deputy Secretary/ Director in the Government of India. Name of willing and eligible officers who can be spared by the State Governments/Ministries/Departments may be forwarded/ faxed to this Department along-with Cadre clearance, Vigilance clearance, detailed Biodata and ACR Dossier/certified ACR gradings for the last five years. It may also be ensured that the “Cooling Off”, after a previous stint on deputation, if any, is complete and the officer is eligible to be appointed on Central Deputation.

7. It is requested that the applications of the eligible candidates may please be forwarded so as to reach this Department by June, 2017.

Yours faithfully,
(Rajesh Kumar)

Source: DoPT Order

Be the first to comment - What do you think?  Posted by admin - May 9, 2017 at 6:08 pm

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The promulgation of Banking Regulation (Amendment) Ordinance, 2017 will lead to effective resolution of stressed assets, particularly in consortium or multiple banking arrangements

The promulgation of Banking Regulation (Amendment) Ordinance, 2017 will lead to effective resolution of stressed assets, particularly in consortium or multiple banking arrangements

The Ordinance enables the Union Government to authorize the Reserve Bank of India (RBI) to direct banking companies to resolve specific stressed assets

The promulgation of the Banking Regulation (Amendment) Ordinance, 2017 inserting two new Sections (viz. 35AA and 35AB) after Section 35A of the Banking Regulation Act, 1949 enables the Union Government to authorize the Reserve Bank of India (RBI) to direct banking companies to resolve specific stressed assets by initiating insolvency resolution process, where required. The RBI has also been empowered to issue other directions for resolution, and appoint or approve for appointment, authorities or committees to advise banking companies for stressed asset resolution.

This action of the Union Government will have a direct impact on effective resolution of stressed assets, particularly in consortium or multiple banking arrangements, as the RBI will be empowered to intervene in specific cases of resolution of non-performing assets, to bring them to a definite conclusion.

The Government is committed to expeditious resolution of stressed assets in the banking system. The recent enactment of Insolvency and Bankruptcy Code (IBC), 2016 has opened up new possibilities for time bound resolution of stressed assets. The SARFAESI and Debt Recovery Acts have been amended to facilitate recoveries. A comprehensive approach is being adopted for effective implementation of various schemes for timely resolution of stressed assets.

PIB

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The Central Government has no plan to impose any tax on agriculture income : FM

The Central Government has no plan to impose any tax on agriculture income: FM

Following is the text of the Union Finance Minister Shri Arun Jaitley’s Statement on the subject to impose tax on agriculture income:

“I have read the paragraph in Niti Ayog Report entitled ‘Income tax on agriculture income’. To obviate any confusion on the subject, I categorically state that the Central Government has no plan to impose any tax on agriculture income. As per the Constitutional Allocation of Powers, the Central Government has no jurisdiction to impose tax on agricultural income.”

PIB

Be the first to comment - What do you think?  Posted by admin - April 26, 2017 at 6:36 pm

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11th Bipartite – Next Wage Revision in Public Sector Banks

11th Bipartite – Next Wage Revision in Public Sector Banks

D.O.No. 4/2/2/15/IR
Girish Chandra Murmu, IAS .
Additional Secretary

Government of India
Ministry of Finance
Department of Financial Services
Jeevan Deep Building, 3rd Floor,
10, Parliament Street,
New Delhi-110 001

March 21, 2017.

Dear MD/CEO

Kindly refer to this Department’s letter dated 12.01.2016, 24.08.2016, 21.10.2016 and 21.12.2016 addressed to all Public Sector Banks ( PSBs) whereby PSBs were requested to initiate the steps taken for smooth conclusion of next wage revision of the employee within time frame. However, it is seen that several Banks are yet to proceed in the matter.

2. May I request PSBs to kindly look into the matter and to conclude the next wage revision prior to the effective date i.e. 01.11.2017

With regards,
Yours sincerely,
(G.C. Murmu)

The Chief Executives of all Public Sector Banks

Authority: http://financialservices.gov.in/

wage-revision-BANK-EMPLOYEES

Be the first to comment - What do you think?  Posted by admin - at 8:46 am

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