ALL VETERANS ARE REQUESTED TO SEE THE WEB SITE & GIVE YOUR VALUABLE COMMENTS/SUGGESTIONS

Petrol prices to be up by Rs 3.14 per litre from midnight

, by indianmilitaryveterans



New Delhi: Oil companies will hike petrol prices by about Rs 3.14 per litre from Thursday midnight. This is the second big hike in four months. The decision was taken after a meeting of the heads of oil companies.

Petrol prices have been raised because of the weakening of the rupee against dollar.

Oil retailers claim they are losing Rs 15 crore per day due to the big gap in global and domestic prices.

Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) now lose Rs 2.61 per litre due to high international crude oil prices and with rupee touching two-year low against the US dollar, the losses have increased the cost of importing crude oil.

"After adding local taxes, the hike needed at retail level comes to over Rs 3 per litre," a top official at one of the three state-run fuel retailers said. Petrol price were last hiked by Rs 5 per litre on May 15.

Petrol price was freed from the government control in June last year but the retail rates have not moved in line with cost as high inflation rate forced the oil companies to seek 'advice' from parent oil ministry before revising rates. IOC, BPCL and HPCL have lost Rs 2,450 crore this fiscal on selling petrol below the cost.

Besides petrol, the three firms are losing Rs 263 crore per day on selling diesel, domestic LPG and kerosene below cost. Diesel is being sold at a subsidy of Rs 6.05 a litre, kerosene at Rs 23.25 per litre while domestic LPG rates are under-priced by Rs 267 per 14.2 kg cylinder.
Rupee fell to 48 per dollar on Wednesday for the first time since September 2009. "Every rupee depreciation, the under-recovery (revenue loss) increases annually by around Rs 9,000 crore," he said.

In Delhi, petrol costs Rs 63.70 per litre and it will shoot up to almost Rs 67 per litre.
In Kolkata, petrol is already Rs 68 per litre and with this decision it will go up to Rs 71 per litre.
Similarly for Mumbai, petrol prices will go up to almost Rs 72 per litre.

In Chennai too, it will cross Rs 70 per litre as opposed to the current rate of Rs 67.50.
In an immediate political fallout of the petrol price rise, UPA allies DMK and TMC have decided to boycott Friday's meeting of ministers on LPG, expressing their anger.

0 comments:

Post a Comment

China dares again, dismantles Indian bunker stitle

, by indianmilitaryveterans

China dares again, dismantles Indian bunkers




Leh: Chinese troops are reported to have entered into Indian territory and destroyed some old Army bunkers and tents in Chumar division of Nyoma sector, about 300 kilometres from here.


While some reports suggested that the Chinese troops in helicopters entered one-and-a-half kilometres into Indian airspace, other reports said that the helicopters landed in Chinese territory and then the troops marched into the area to dismantle the bunkers, a move aimed at displaying that the area belonged to them.


The Army denied that any such incident had taken place. But sources in the know said that two Chinese helicopters had entered into air space and landed one-and-half kilometres into the Indian territory at Chumar in Chingthang area of Tehsil Nyoma.


The Chinese troops attempted to dismantle an old army bunker, which was not used by the troops for long, the sources said.


Another version quoted to eyewitnesses, who are often th grazers, said that Chinese helicopters landed near the Line of Actual Control and then marched in to destroy old bunkers of the army and tents of ITBP.


A report in this regard has been sent by the state government   officials to their headquarters.


Udhampur-based Northern Command Army Spokesperson Col Rajesh Kalia said there was no such report of helicopter landing or destruction of bunkers. However, senior Army officials said that Chumar was an area were the LAC was not clearly demarcated and there was always a difference of perception in the area.


Chinese troops had in July 2009 entered nearly 1.5 KM into Indian territory near Mount Gya, recognised as international border by India and China, and painted the boulders and rocks with red spray paint.


The incursions were reported from the area, generally referred in the Chumar sector in east of Leh, and painted "China" in Cantonese with Red spray paint all over the boulders and rocks.


On June 21 in 2009, a Chinese helicopter had entered the Indian airspace and is reported to have air-dropped canned food again at Chumar, which is northeast of Leh in Jammu and Kashmir.


PTI

0 comments:

Post a Comment

Google Street View to Lunch in India in The Coming Weeks

, by indianmilitaryveterans




Internet giant Google on Thursday launched its ambitious "Street View" project in India to provide detailed panoramic images of life in a country of 1.2 billion people.


The 360-degree photographic mapping service, which is already in operation in more than 25 countries, will begin gathering data in the southern city of Bangalore, a technology hub where many Internet firms are based.


Google said in a statement that information collected by special cameras mounted on cars and three-wheelers would allow users around the world to access street-level imagery and explore the city.


Source: http://news.smh.com.au/

0 comments:

Post a Comment

Centre hikes Dearness Allowance for employees by 7 pc

, by indianmilitaryveterans

PTI | Sep 15, 2011, 04.40PM IST
NEW DELHI: Ahead of the festival season, the government on Thursday announced a seven per cent hike in the Dearness Allowance of its employees.

The decision to increase the Dearness Allowance (DA) for five million Central government employees and Dearness Relief (DR) for about four million pensioners was taken by the Union Cabinet.

The pay hike would be applicable from July 1. The DA for the government employees would increase from 51 per cent of the basic salary to 58 per cent.

The hike in DA and DR would cost the exchequer annually Rs 7,229 crore, while for the remaining period of the current fiscal the implication would be Rs 4,819 crore,Information and Broadcasting Minister Ambika Soni told reporters.

0 comments:

Post a Comment

DA @7% with effect from July 2011 - Approved by Union Cabinet

, by indianmilitaryveterans


Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners

The Union Cabinet today approved release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners as due from 01.07.2011 at the rate of 7 per cent over the existing rate of 51 per cent.

The total financial implications on account of both Dearness Allowance and Dearness Relief would be Rs.7228.76 crore per annum and Rs.4819.22 crore in the current financial year.
Source : PIB

0 comments:

Post a Comment

Family Pension Details

, by indianmilitaryveterans


     Members of the family who are eligible for family pension

Wife (lawfully married) and also judicially separated wife.

Unmarried son (including illegitimate son / legally adopted son) upto 25 years or earning livelihood whichever is earlier.

Unmarried daughter upto 25 yrs of age**.

Dependant parents provided their income from all sources is less than Rs. 3500/- plus applicable rate of dearness relief.

Unmarried physically or mentally retarded sons or daughters are entitled for family pension for life. ** From 6.9.2007, unmarried / divorced daughters are also entitled for family pension for life (provided they are otherwise entitled for family pension).

Please note :

Parents will be entitled for family pension only if the PBOR does not leave behind a widow or a child. It is effective from 1.1.1998 subject to the condition that their monthly income should not exceed Rs 2550/- and w.e.f 1.1.2006 Rs 3500/- plus applicable rates of dearness relief.

Family pension once granted to widow or child cannot be granted to the mother even after the widow/child has become ineligible.

Ordinary family pension CANNOT be divided between the wife and the motherin- law (irrespective of the fact whether she maintains cordial relations / takes care of the mother-in-law).

Ordinary family pension to the wife ceases on her remarriage/death and the same the eligible child if below 25 years. However, the childless widow of a personnel who died in harness on or after 1.1.2006, shall continue ordinary family pension even after her re-marriage subject to the condition that her independent income from all other sources should not exceed minimum prescribed family pension.

Second marriage while the first wife is alive is illegal and therefore the second wife will have no claim for grant / division of family pension. However, the children born to the second wife will be entitled for 50% share of the family pension which will be divided between the first wife and the child of the second wife. Once the child becomes ineligible (i.e. having crossed 25 yrs / starts earning livilyhood) first wife will be entitled for 100% share of family pension.

Children of divorced wife are also entitled for share of family pension of her mother.

     Grant/commencement of family pension to missing pensioners

If a pensioner is reported missing, family pension can be commenced from the date of filing of FIR, based on authorization of the Pension Sanctioning Authority (if joint notification of family pension is available).

The pensioner has to submit the following to the PDA :
  * Copy of FIR lodged with the Police Authorities
   *Final Police Investigation report stating that all out efforts have made but still not traceable.
* Indemnity bond duly countersigned by a Magistrate and signed by two sureties is also required to be produced to the Pension Disbursing Agency.

The PDA will forward the same to the PSA along with a certificate indicating the period upto which the missing pensioner has been last paid and also that the pensioner continues to be in the strength of the PDA.

The family pension will be authorized by the Pension Sanctioning Authority on expiry of one year from the date of lodging FIR and payment is to be made from the date of lodging FIR.

In case joint notification is NOT available, family pension will have to be notified in the normal manner. The pensioner is required to submit all the above mentioned documents to her Record Office for notification of family pension after which family pension can be commenced by the PDA.

Life Time Arrears will be paid to the legal heir after the presumptive date of death has been notified by the Ministry concerned / Competent Court.

        ENHANCED RATE & NORMAL RATE OF FAMILY PENSION

Enhanced rate applicable when individual has served for atleast 7 years.

Enhanced rate of family pension is payable for seven years from the date of death of the PBOR or till the date the PBOR would have attained 67 years, whichever is earlier.

Normal rate of family pension is payable thereafter.

In respect of PBOR who die in harness (i.e., during service) on or after 1.1.2006, enhanced rate of family pension is payable for TEN years from the date of commencement of family pension without any upper age limit. This is also applicable for pre 2006 PBORs who died in harness and whose spouses are in receipt of enhanced rate of family pension as on 1.1.2006.

The spouses affected by the above order may apply to the concerned Record Office who will take up the matter with the Pension Sanctioning Authority for issue of revised PPO extending the period of enhanced rate of family pension from SEVEN to TEN years.

The minimum rate of family pension in r/o pre- 2006 retirees for the various ranks is indicated below :-
No Rank and Group of the deceased soldier Normal rate of family
pension (w.e.f. 1.1.06 or date of commencement of family pension whicheveris later)
1 Reservist                                                    Rs 3500/-
2 Sepoy (all Groups)                                     Rs 3500/-
3 Naik (all Groups)                                        Rs 3500/-
4 Havildar (all Groups)                                   Rs 3500/-
5 Nb Subedar Gp I or X                                Rs 5070
6 Nb Subedar (other Gps)                             Rs 4650/-
7 Subedar Gp I or X                                      Rs 5190/-
8 Subedar - other groups                               Rs 4770/-
9 Subedar Major - Gp I or X                         Rs 5250/-
10 Subedar Major - other Gps                       Rs 4830/-
11 Sub / Hony Lt and Sub Maj / Hony Lt        Rs 8100/-
12 Sub / Hony Capt and Sub Maj/Hony Capt  Rs 8310/-

(Note : The equivalent ranks in the Navy and Air Force are also entitled for family pension as above. Dearness relief is also admissible in addition).

1 comments:

Post a Comment

Servic Pension (PBOR)

, by indianmilitaryveterans


                             Servic Pension (PBOR)

Weightage for calculation of pension of PBORw.e.f. 1.1.2006 for pre-2006 retirees:

Any PBOR who has rendered a minimum service of 15 years is entitled for service pension. He is also entitled for retirement gratuity.

For Non-Combatants (Enrolled), the minimum qualifying service will be 20 years.

Anybody with a minimum service of 5 years but less than 15 years is entitled for service gratuity ONLY and NOT entitled for pension.

Service pension is NOT admissible if the PBOR is dismissed from service under Army Act (except at the discretion of the President).

For Pre-2006 PBOR, Service pension is based on the rank and group held by the individual for the last ten months. In other words, one has to hold the rank & group for ten months to be able to get pension for that rank & group.

Full pension for pre-2006 PBOR will be granted if the qualifying service including weightage is 33 years or more.

For post-2006 PBOR, condition for grant of full pension with 33 years service has been dispensed with from 1.1.2006.

Sepoys and equivalent ranks         -  10 Years
Naiks and equivalent ranks            - 8 Years
Havildars and equivalent ranks       - 6 years
Nb Subedar, Subedar & Sub Major - 5 years

No weightage is admissible for Territorial Army personnel.

No weightage will be given for DSC personnel, if they are already in receipt of one pension.

The benefit of adding years as weightage for computation of pension to post- 2006 PBOR pensioners stands withdrawn from 1.1.2006.

                 2.CALCULATION OF SERVICE PENSION

With effect from 1.1.2006, minimum pension / family pension is Rs 3500/- per month. Dearness relief as notified from time to time is also admissible in addition.

Service pension in respect of pre-2006 PBOR for 33 years of qualifying service is calculated at 50% of maximum of the scale of pay including highest classification allowance corresponding to the last rank/pay group held continuously for the last 10 months before the date of discharge.

Service pension in respect of post-2006 PBOR is worked out as 50% of emoluments last drawn or average of emoluments drawn during last 10 months preceding discharge. The emolument for determining pension includes pay in the pay band, grade pay, 'X' Group pay (where applicable), Military service pay and whole of classification allowance, if any, last drawn.

Revised rates of pension w.e.f. 1.7.2009 in respect of pre-2006 PBOR pensioners has been notified vide Govt letter dt.8.3.2010 (available on www. pcdapension.nic.in) as per which-

All pre 1.1.2006 PBOR retirees have been brought on par and their pension will be uniform w.e.f. 1.7.2009.

The revised pension w.e.f. 1.7.09 is determined as follows:

Maximum of scale of pay x 1.86 + 50% of highest classification allowance
+ MSP + 'X' Group pay, if any = Notional pay

Notional pay /2 = Revised pension w.e.f. 1.7.09 (for full qualifying service
of 33 years)

 For lesser QS, pension will be reduced proportionately.

Note :
a) The above revision is required to be carried out by the Pension Disbursing Agencies themselves (in respect of pensioners whose QS is 15 years or more).
b) Cases where QS is less than 15 years, War Injury pension cases and Territorial Amry cases, have to be referred to the Pension Sanctioning Authority through Annexure A or B, as the case may be.
c) Cases of existing pension mismatch (ie., where the existing pension does not match with the pension sanctioned authority has to be referred to the Pension Sanctioning Authority (duly quoting original PPO number).

0 comments:

Post a Comment

Defence Pension has evolved a period of time upto VI CPC

, by indianmilitaryveterans


Grant of Defence Pension and related benefits has evolved over the years towards liberalized pension system. It has been the endeavour of the Government of India to broaden the pension base and address the anomalies arising from implementation of different Pay Commissions and reduce the gaps. How Defence Pension has evolved over a period of time upto Sixth CPC is given below for information.

After implementation of New Pension Code from 1.6.1953, pension to Armed Forces pensioners was granted with reference to rank last held for 24 months preceding retirement. This was subsequently reduced to 10 months or average of last 10 months with effect from 1.4.1979 and as per latest orders, pension is straightway granted as 50% of emoluments last drawn or average of last ten month emoluments, whichever is beneficial.

Scheme for Death cum Retirement Gratuity was introduced for Armed Forces personnel with effect from 10.9.1970. Full dearness relief was also considered as reckonable emoluments for computation of Gratuity with effect from 1.1.1996 subject to maximum ceiling laid down from time to time.

With effect from 1.1.1973, a regular scheme for grant of relief on pension / family pension was introduced for compensating pensioners towards erosion in the real value of pension due to increase in price. Initially this was not applicable to re-employed pensioners which has been subsequently allowed with effect from 18.7.1997 subject to fulfillment of certain conditions.

With effect from 1.1.1972, a scheme for payment of monetary allowances attached to various Gallantry decorations was introduced.

With effect from 1.4.1985, the concept of restoration of commuted portion of pension was introduced, laying down that commuted portion of pension will be restored after 15 years.
The concept of War Injury Pension / Liberalized family pension was introduced with effect from 1.2.1972 to all war injured / deceased personnel who were/are invalidated out of service/die in an international war/war like operations/Border skirmishes since 1947-48. The cap on maximum war injury pension i.e not to exceed emoluments last drawn has also been removed with effect from 1.7.2009.

A concept of broad banding of percentage of disability was introduced for those Armed Forces Personnel who were invalidated out of service on or after 1.1.1996. The benefit is now extended with effect from 1.7.2009 to all pre-1996 invalidated out personnel, who are in receipt of pension.

A scheme for payment of lump sum ex-gratia has been introduced with effect from 1.8.1997 for the families of Armed Forces Personnel who died in harness in performance of actual bonafide official duty.

Scheme for Ordinary family pension was introduced in 1964. Benefit of this scheme was extended to all pre-1964 cases with effect from 22.9.1977 onwards. Subsequently, handicapped children, parents, widowed/divorced/unmarried daughters are covered under this scheme and allowed pension without any maximum age limit subject to certain conditions.

With effect from 1.1.2006, a provision for grant of additional pension to aged pensioners of 80 years of age and above has been introduced for all pensioners /family pensioners.

From 1.12.1997, a scheme for payment of fixed medical allowance @Rs.100/-pm to Armed Forces pensioners/family pensioners was introduced. With effect from 1.4.2003, another scheme named 'Ex-servicemen Contributory Health Scheme' was introduced. Later on, War widows/war disabled and all pre-1996 retirees were allowed to become member of this scheme without making any contribution.

0 comments:

Post a Comment

Central D.A. from July 2011 and bonus for Rail staff to be announced today

, by indianmilitaryveterans


The Cabinet may on Thursday raise 
dearness allowance (DA) for central 
government employees and dearness 
relief (DR) for pensioners by 7 percentage 
points to 58% of the basic pay/pension.

The last hike in DA was in March when the 
government increased it by 6 percentage points. 
The Cabinet is expected to take a decision in this
regard on Thursday, sources said. The Cabinet is 
also expected to clear a proposal for giving
 productivity linked bonus to Railway employees 
for the year 2010-11, sources added.

With the proposed DA hike, the basic pay of the
 central government employees (or pensioners as
the case may be) would go up by 36% over a 
two-year period.
 The hikes will be implemented from July 1, 2011. 
The combined impact on the exchequer on account 
of both DA and DR increase between January 2009
 and January 2011 is estimated to have crossed 
Rs 16,000 crore. The measure is set to provide 
relief to a total of around 5 million central 
government employees and around 4 million 
pensioners.
The change in DA, which is linked to the consumer 
price index, has lead to a further change in other 
allowance structure since rate breached the 50% 
of basic pay mark in March. For instance,
 payments like conveyance allowance and 
children’s education allowance have also
gone up by 25%. This hike is in accordance
 to the formula given in the sixth pay commission 
report which says: “The rates of these allowances 
will be increased by 25% every time the DA 
payable on revised pay scales goes up by 50%.”
As a result, there will also be an increase in the 
special compensatory allowance for the central
government employees posted in remote areas
 such as the north-east and Jammu & Kashmir.
 Their special allowance also goes up by 25% 
the moment the 50% trigger was breached. 
The increased DA and DR are expected to help
 the households of central government employees 
and pensioners who are already exposed high 
inflation.
Source : The Financial Express

0 comments:

Post a Comment

CSD PRICE LIST

  • CSD-Price-List-for-Volkswagen-Cars---Post-GST-Rates