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Thursday, October 1, 2015

Procedure for booking of air-tickets on LTC - Clarification reg.

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Regular Promotion to ASP Cadre and posting thereof.

The following Inspector of Posts promoted to ASP Cadre on regular basis vide C.O. Memo No. ST/24-15(1)/2012 dated 01-10-2015 and allotted/posted as mentioned below:-

Sl. No.

Present Place of Posting
Region/Unit to which allotted
Place of Posting
Bulu Maheswar Rao
IP, Gunupur Sub-Division
Order will be issued by RO, Berhampur
Parameswar Nayak
ASP(I/C), Kendrapara Sub-Division on adhoc basis
Bhubaneswar HQ
ASP(OD), Bhadrak Division
S.S. Padhi
ASP(HQ), Aska Division on adhoc basis
Order will be issued by RO, Berhampur
Mohan Suna
ASP(I/C), Koraput Sub-Division on adhoc basis
Order will be issued by RO, Berhampur

The officers at Sl. No.2, 3 and 4 are ordered to stand reverted to their substantive cadre before availing promotion to regular ASP Cadre. 

CHQ News:- DPC : PS Gr. B for 2015-16

Documentation work is going on in full swing at Directorate. Vacancies are so far not calculated.

CHQ News:- Clarification regarding transfer of ASP under Rule 38 of Postal Manual Vol.IV

Taxpayer services to be improved soon: Central Board of Direct Taxes

Taxpayer services will be improved to a great extent in coming days with CBDT announcing that recommendations of a government-appointed panel on reforms in tax administration will be implemented soon. 

Chairperson of Central Board of Direct Taxes (CBDT) Anita Kapur said the Income Taxdepartment was examining the recommendations of the Tax Administration Reform Commission (TARC), headed by economist Parthasarathi Shome, for its implementation soon so that taxpayer services and grievance redressal issues are resolved on priority. 

"We are very committed to see that the tax administration gets reformed. Whatever the recommendations have been made by the TARC, we are examining them. 

"We are trying to issue a notification soon that at least for taxpayer services, we will have an independent vertical which has been one of the major recommendations (of the TARC) so that taxpayer services and grievances get focused attention at every level," Kapur told PTI. 

TARC was set up by the government to recommend reforms exclusively in tax administration and was specifically mandated "to review the application of tax policies and tax laws in the context of global best practises and to recommend measures for reforms required in tax administration to enhance its effectiveness and efficiency". 

The Commission had submitted its final recommendations and report to the Finance Ministry early this year. 

The Central Board of Direct Taxes which is the apex policy-making body of the I-T department and regulates direct tax collections in the country has also created few committees to work on the suggestions made by the TARC. 

Kapur said resolving issues and complaints of taxpayers is an area of priority for the department and hence the first area of implementing TARC recommendations has been chosen as those pertaining to taxpayers grievances and complaints. 

The TARC had also recommended industry-based jurisdiction instead of the current system of territorial revenue collection for direct taxes in the country for which the Board has constituted a committee recently.

Source:-The Economic Times

Payment of Dearness Allowance

Wednesday, September 30, 2015

Commemorative Stamp on Dr. B.R. Ambedkar released

A Commemorative Stamp on Dr. B.R. Ambedkar was released jointly by the Minister Social Justice & Empowerment Shri Thaawar Chand Gehlot and Union Minister for Communication & Information Technology Shri Ravi Shankar Prasad here today. This was part of 125th Birth Anniversary celebrations.

The Prime Minister chaired the first meeting of the National Committee on Nationwide Celebration of 125th Birth Anniversary of Dr. B.R. Ambedkar on the 23rd July 2015. The objective of year long celebrations is to make the world aware about the life and the work of Dr. Babasaheb Ambekdar as a champion of the underprivileged.

Speaking on the occasion the Minister for Social Justice & Empowerment Shir Thaawar Chand Gehlot said that the Government has taken up a number of programmes and is organizing various activities on the 125th Birth Anniversary celebrations wherein a tableau on Dr. Ambedkar would be part of the 26th January celebration, 100 students will be sent to Columbia University and London School of Economics for study tour, Dr. Ambedkar Memorial at 26 Alipur Road, Delhi will be developed in a befitting manner. The village Ambadve in Ratnagiri District (Maharashtra), to which the parents of Dr. Ambedkar belonged will be developed as a Model Village under PMAGY Scheme (Adarsh Gram). He further added that the life and works of Dr. Ambedkar is an inspiration to the millions.

Speaking on the occasion Shri Ravi Shankar Prasad, Minister for Communication & Information Technology said Dr. Ambedkar was the chief architect our constitution and was in 1990 bestowed with Bharat Ratna. The Department of Posts is happy to issue a commemorative postage stamp on this occasion. He was also a champion of fundamental rights.

Present on the occasion were Shri Krishan Pal Gurjar, MoS, SJE, Shri Vijay Sampla, MoS, SJE, Secretary, Department of Empowerment of Persons with Disabilities Shri Lov Verma, Addl. Secretary, SJE Shri Arun Kumar and Member (Planning), Department of Post Shri S.K. Sinha and other officials / officers of the Ministry and Ambedkar Foundation. 


Rate cut: Government to take a fresh look at small savings interest

The government has decided to review the small savings rates, which remain sticky at 8.4-8.5%, limiting banks' ability to lower deposit rates and slowing down the transmission of Reserve Bank of India's softer monetary policy decisions.

"It has been decided that with regard to the transmission of the rates, the government will undertake a review of the small savings rate also," economic affairs secretary Shaktikanta Das said."Small savings is a decision the government has taken in response to the policy rate announced by the RBI," he said.

The decision to cut small savings rates is a tricky one since no ruling party wishes to become unpopular to the vote bank they depend upon. However, lowering of the small savings rates is directly linked to the rates at which companies borrow from banks. "There is no time limit. We will do it in due course," finance minister Arun Jaitley said. RBI governorRaghuram Rajan surprised all by a 50 basis points repo rate reduction but doubts prevail on how banks across the spectrum transmit the easy policy rate into lowering of lending rates unless they manage to soften deposit rates. RBI has reduced repo rates by 125 bps since January, yet the transmission of the rate cuts into the real economy has been relatively weak.

Rajan indicated that there would be a shift in focus from policy rates to greater transmission of these rates. Banks reduced deposit rates aggressively over the last three quarters with some lowering term deposit rates by 50-75 bps but matching cuts in lending rates come with a lag. But they have time and again whined that high interest rates on small savings such as public provident fund or post office monthly income schemes are stopping them from lowering deposit rates beyond a point and this inability prevents them from making loans cheaper.

Senior citizens get 9.3% from post offices, 100-130 bps higher than what they get from most state-run banks. "A major part of small savings comes from the risk averse segments and for them it is the means of subsistence. It (lowering small savings rate) is easier said than done," said India Ratings managing director Ananda Bhowmik. "So, the transmission of policy rate will continue to be an issue. Historically, monetary transmission remains limited to 25-40% of policy rate cuts. It may increase a bit but not beyond 50% due to the structural bottlenecks," he said. The country's largest bank, State Bank of India, cut deposit rates by 25 bps across maturities effective from October 5.

Its medium-term deposit rate is 7.75% at present while small savers enjoy 8.4% rate for deposits below five years from post offices and for the popular monthly income scheme. Public provident fund offers 8.7% rate a year.

Source:-The Economic Times

Scheme for Promotion of Adventure Sports & similar activities amongst Central Government Employees

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