Assessment of workload of GDS's otherthan BPM - Committee Recommondations
GDS as Officiating Postal Assistant : Committee Recommondetions
NUGDS ,NAPE Gr-C & FNPO only gave this proposal before GDS Pay
Committee.We furnished the Memorandum below which was submitted to Pay
Committee.
Calling Volunteers for CEPT, Hyderabad
Promotion and postings of Senior Administrative Grade (SAG) officers of Indian Postal Service, Group 'A' to Higher Administrative Grade (HAG)
Click here to view Postal Directorate memo no 1-3l2016-SPG dated 30.01.2017 on the above subject matter.
TD Extend or Extension in DOP Finacle
TD account is having option at the time of opening account as "auto exend". Whenever we select no at the opening of time and later customer wants to extend further then the command HTDREN is used for Extension. HTDREN stands for Tern Deposit Renewal. The A/C can be extended after completion of 1/2/3/5 year and within 1 year completion of 1/2/3/5 year. The following step are taken for extension.
Menu Shortcut - HTDREN > GO
The following screen will appear.
Function - R-Renewal
A/C ID - TD A/C
GO
The following Screen appears
Effective Open Date - Maturity Date
Renewal Option - P- Principal Only
Calculate Overdue Int - No
Print Renewal Confirmation - Immediate/Later
- Click Submit Button
The Result Screen shows the account renewal successfully.
TAX RELAXATION UNDER NPS
Press Information Bureau
Government of India
Ministry of Finance
03-February-2017 18:16 IST
Tax Relaxation under NPS
The Finance
Act, 2016 amended the Income-tax Act, 1961 (the Act) to provide that 40% of the
amount payable to the employee subscriber of NPS on his closure of account or
his opting out of the scheme, shall be exempt from tax.
Further,
Finance Bill, 2017 has proposed to amend the Act to provide exemption from tax
at the time of partial withdrawal by an employee from National Pension System
Trust in accordance with conditions specified under Pension Fund Regulatory and
Development Authority Act, 2013 and regulations made there under, to the extent
it does not exceed twenty five per cent of the contributions made by him.
There was no
proposal for tax relaxation from Securities and Exchange Board of India in the
agenda of 16th Financial Stability Development Council meeting held on
5thJanuary 2017.
This was stated
by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in
written reply to a question in Lok Sabha today.
HAND BOOK 2017 IS NOW READY
PAGES – 334
PRICE – Rs.180/- (Postage Charges Extra)
Procedure to generate the CYI(current year interest) for SB accounts in DOP Finacle
- As we all know for every we will get the interest(at present 4%) for all the SB accounts at the end of the financial year in DOP Finacle.
- Also for closure of SB accounts at SO sometimes we will pay through mode of payment as Cheque for this case we need to know CYI (Current Year Interest) for sending the cheque requirement invoice to the Head Post Office.
- In order to know the CYI for any SB account we generally have a special and powerful menu in DOP Finacle i.e.,HACACCR.
HACACCR stand for Interest Accrual for A/cs :-
- Invoke the menu HACACCR in DOP Finacle we will get the below mentioned screen shot as shown
- In the next enter the following fields they are mentioned below for the ease of users
Enter the field Report To as "Postmaster "
Enter the field From A/c Id ______________________
Enter the field To A/c Id __________________________ as mentioned in the below screen shots. Generally we should enter the same account number in both the above mentioned fields.
After entering the above mentioned fields then finally click on submit then the system will show below screen as shown
As shown in the above report is generated in the background. For all the
background reports in DOP Finacle we can view the reports using the
menu HPR
Invoke the menu HPR and select the report as shown
- Finally select the report and view the interest generated report as shown
- From the screen shot it is clear system is showing 5.33334 as CYI
New Pay Table of GDS BPM (TRCA-1,2,3)
Fine of Rs.11,000/- to Department of Posts by Consumer Forum
IPPB Savings Account Annual Interest Rate 5.5% : Banking Services for Everybody
Banking Services for Everybody:
IPPB offers 3 distinct accounts, tailored to suit the requirements of people everywhere.
Regular Account – Safal
Basic Savings Bank Deposit Account (BSBDA) - Sugam
BSBDA Small - Saral
While the Safal Account is packed with features, the Saral ccount is aimed at people with limited banking experience.
The following services are availables across the different accounts.
Domestic Remittance Services:
IPPB will provide an inexpensive and secure medium to transfer funds via
its domestic remittance offering. All customers of IPPB would be
eligible to avail a host of different modes of domestic remittance
subject to the stipulated constraints – NEFT, IMPS, AEPS, UPI and *99#
Direct Benefit Transfer (DBT):
DBT program aims to transfer subsidies directly to the people through
their bank accounts, which will in turn reduce leakages, delays and
other similar challenges.
Funds from the disbursing agency are automatically credited into the
beneficiary accounts through NACH/APBS instead of cash disbursal. IPPB
will provide cash out of the subsidies at the customer's doorstep by
combining this service with Doorstep Banking.
Doorstep Banking:
We look forward to extending our relationship with banking at your
doorstep. Doorstep banking allows a customer for a nominal fee to
request and avail banking and related services at their door. The
services currently offered are as follows:
Cash deposit
Cash withdrawal
Balance enquiry
Aadhaar to Aadhaar funds transfer
With “Aapka bank, aapke dwaar”, what you see is what you get.
Download IPO Examination Question Papers 2011 to 2016
Budget 2017 and Central Government employees demands
Comrades ,
The budget for the year 2017-18 was presented by the Shri Arun
Jaitleyji Hon’ble Minister of Finance on 1st Feb 2017 , the Central
Government employees had lot of hopes of this budget especially on
increasing the tax slabs and tax rates reduction , also on allowances
and increasing our wages i.e. revision of the fitment formula . One more
important issue of filling up of vacant post in the Central Government.
Shri Arun Jaitleyji Hon’ble Minister of Finance had not uttered a
single word about Central Government employees in his budget speech of
nearly two hours, even though the Central Government employees work with
dedication and implement the programmes and policy of the Central
Government either way of revenue collection, transportation, public
service , working for the welfare of the people of the country etc .
This has caused dissatisfaction amongst Central Government employees as
many of the demands of the Central Government employees are not
considered. The tax proposals provided only a small relief to the
Central Government Employees, actually a big relief should have been
provided. The Central Government employees are disappointed of the
outcome of the budget.
Now let us focus main issues of the CG employees and the budget 2017-17
especially this budget is being presented after the demonetization. As
stated earlier the financial position of the Central Government is very
good even after demonetization. The budget 2017-18 has once again proved
that the Central Government resources are very good the revenue
expenditure has been pat 21.47 lakh crores. The fiscal deficit will be
3.2 % of GDP.
Now coming to the revenue growth of the Central Government in last four
years we can observe from the financial year 2013-14 the Revenue
Expenditure which was at is Rs 16.64 lakh crores the Revenue
Expenditurethe financial year 2017-18 which stands at 21.47 lakh
crores . The fiscal deficit has also reduced from 4.8 % to 3.2 % of
GDP in last four years . This shows that the financial status of the
Central Government is very good. The growth rate of the revenue
collection is about 15% annually. In fact the Shri Arun Jaitleyji
Hon’ble Minister of Finance had stated the revenue collection is
increasing to about 17 % annually. We should be proud that your
country economy is in good shape. Indian economy is a stable economy can
accommodate any additional financial expenditure to be made for the
welfare of Central Government employees.
The revenue of the Central Government is increasing at about 15%
annually, from last three years the revenue of the Central Government
has increased by 45% the expenditure towards salary of Central
Government employees including the defence employees has risen only by
14.5 % on wage hike due to 7th CPC and also Dearness Allowances
expenditure. So total rise in pay hike is about 22% , even if allowances
are released in next financial year additional expenditure is likely at
just 3% as 70% of the employees don’t avail HRA which is the major
allowances, . which is very much less than the 45% of the revenue
collection of the Central Government. So the Central Government can
afford to increase our wages considerably i.e revision of fitment
formula andminimum wage . The allowances should be made effectively
from 1st Jan 2016.
Next on the tax slabs the Shri Arun Jaitleyji Hon’ble Minister of
Finance had made announcement of the tax proposals provided only a
small relief to the Central Government Employees by reducing the taxes
for the slab 2.5 lakhs to 5 lakhs from 10% to 5% . This is only a very
small gestures on the part of Shri Arun Jaitleyji Hon’ble Minister of
Finance , actually a big relief should have been provided by way of
abolishing the taxes up to Rs 5 lakhs . The expenditure loss for
reduction of taxes for the slab 2.5 lakhs to 5 lakhs(1.95 crore show
income between Rs 2.5 to Rs 5 lakh) from 10% to 5% is just at Rs
15,500/- crores only , if the Hon’ble Minister of Finance had announced
the abolishing the taxes up to Rs 5 lakhs it could have been additional
expenditure of Rs 15,000 crores only which at just half percent of
the total budget revenue collections , next Rs 5 to Rs10 lakhs slab
(only 52 lakh show income between Rs 5 to Rs 10 lakhs ) here also there
should have been reduction in taxes from 20% to 10% , the limit of Rs
1.5 lakh under Section 80C for investment should have been increased
upto 2.5 lakh which would have encouraged savings , all these measures
could have gone a long way benefiting the Central Government employees
and the salaried class employees a lot.
Today hardly 3 % of the country population are paying the income tax,
the rest 97% do not pay income tax .The Central Government Employees are
honestly paying the taxes. A big tax relief is genuinely due for them.
One more important problem faced by the Central Government Employees is
that the no filling up of the vacant post in the Central Government,
nearly 4 lakhs post are vacant, even in Railway safety post of 1.41 lakh
post are vacant and Income tax department post are vacant, more
manpower is required for effectively collection of the taxes and
implementation of the programmes and policy of the Central Government.
This will also provide jobs for the youth of the country.
We sincerely hope the Hon’ble Minister of Finance would reconsider his
decision and improve the taxation policy and consider the demands of the
CG employees effectively in true spirit.
Comradely yours
(P.S.Prasad)
General Secretary
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