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Raise I-T exemption limit to Rs 4 lakh: Cong

, by indianmilitaryveterans


NEW DELHI, Feb 14, 2013, DHNS:

In a pre-budget meeting with Finance Minister P Chidambaram here on Thursday, Congress leaders have asked the UPA government to increase the taxable income exemption limit to Rs 4 lakh from the current Rs 2 lakh, while suggesting a pro-people budget with sops for the middle class and farmers keeping  the upcoming elections in mind.

The meeting was held at the Congress party headquarters. With the rise in fuel prices impacting the ‘aam aadmi’, the meeting saw suggestions for varied pricing of petrol, diesel and cooking gas for people living below poverty line and low income group.

Senior party leader Oscar Fernandes suggested there was a need to bring down the dependence on petroleum import and more focus on having alternative sources of energy like ethanol, sources said. Fernandes also wanted the government to reduce tax on bidis, noting that employment levels were coming down in the labour-intensive sector due to current tax slab.

Congress leader Jagdish Tytler suggested that the budget should be formulated in a way that helps the party to connect with people as elections were ahead, sources said.
AICC Secretary P Sudhakar Reddy mooted raising the tax exemption limit of Rs 2 lakh to Rs 4 lakh, which was endorsed by many other office bearers.

He also advised linking Mahatma Gandhi National Rural Employment Guarantee Scheme with agriculture to help meet the shortage of farm labour in the sector, besides offering three-year interest-free loans to small farmers for their children’s education.

Suggestions were also made by party leaders for gender budgeting. Reddy advised the Finance Minister that female assessees could be given higher tax exemption limit.

There were also demands by many leaders for bringing more clarity on the service tax as it was being interpreted differently in various states.

Minority Department Chairman Imran Kidwai demanded increase in outlay of the Minority Affairs Ministry and allocation of more funds to minority institutions. He also advised formulation of special scheme for Most Backward Classes for their financial inclusion.
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Senior party leader Ajit Jogi complained that central funds were being diverted in many non-congress ruled states by the respective governments, suggesting some mechanism should be developed to check this, “The finance minister told us what are the difficulties and how the Indian economy was kept at a balance despite the tough global economic scenario. Thirty-two of the 46 office bearers present spoke on various issues related to farmers, weavers, education, health and income tax," party general secretary Janardan Dwivedi told reporters after the meeting.

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Proceedure for revision of Pension/Family Pension of pre 2006 retirees

, by indianmilitaryveterans

Dear Veterans,

1.     Proceedure for revision of Pension/Family Pension of pre 2006 retirees. 
Please Click here to read order dt 13/02/2013

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7th Pay Commission Projected Pay Scale

, by indianmilitaryveterans



7th Pay Commission Projected Pay Scale

People may think that the babus again started to make voice over pay revision and next pay commission or 7th Pay commission. There is a saying that “The crying baby gets the milk”. The need makes the man to act.

One should try to understand the fact that being a government servant one can witness a considerable pay hike at least twice or thrice of his/her entire service period. Because, other than promotion, only the pay commission recommendation will give them considerable pay hike. But it takes place once in ten years. Now a days a government employee can render service 20 or 30 years only due to non availability of employment opportunity in government service below the age of 25. So there is no need to be get annoyed by hearing the voice for seventh pay commission from central government employees. Because constituting next pay commission is for nothing but to review the salary of the govt. servants with the current economical condition of the country.
How the pay of a govt. employee had been fixed at the beginning of the Independence India.

Till now there are six pay commission had been constituted to review and recommend pay structure of central government employees.

All the six pay commissions have taken many aspects into consideration to prescribe the pay structure for government servants.

In the first pay commission the concept of ‘living wage’ was adopted.

In second pay commission it had been reiterated that the pay structure and working condition to be crafted in a way so as to ensure the effective functioning of government mechanism.

The third pay commission adopted the concept of ‘need based wage’

The Fourth CPC had recommended the government to constitute permanent machinery to undertake periodical review of pay and allowances of Central Government employees, but which got never implemented.

In Fifth pay commission all federations demanded that the pay scale should be at par with the public sector. But the pay commission didn’t accept this and told that the demand for parity with the Public Sector was however difficult to concede as it felt that the Job content and condition of service in the government and pulic sector not necessarily the same. There were essential differences between the two sectors.

The Sixth Central Pay Commission, claimed that it had not only tried to evolve a proper pay package for the Government employees but also to make recommendations rationalizing the governmental structure with a view to improve the delivery mechanisms for providing better services to the common man

What about seventh pay commission?

Generally every pay commission, before recommending a pay structure, it used to analyze all the aspects including the economic situation of the country, financial resources of the government, comparison with the public sector, private sector and state government pay structure etc. So it is very much clear that Pay Determination is very complicated and sensitive task. Without any doubt every one accepts that this is very challenging task too. In order to determine the new pay structure the pay commission has to go through voluminous data consisting current economic condition, strength of the work force and working condition etc. In the meantime, if one tries to suggest or comment about 7thy pay commission pay scale or about what the seventh pay commission pay scale would be, it will not get much importance.

But when we come across all the recommendations of six pay commissions, we observed an interesting factor which is common to all the pay commission recommendations, particularly in the matter of percentage of increase in the pay. Average 3 times increase in the pay was recommended by each pay commission and it was accepted by government and implemented. We have posted three articles about six pay commissions before this post.

    Obviously it is simple thing, we can say it a mathematical coincidence that we have in common in all previous pay commission, but we cannot neglect this. Because it was there, every time it is noticed that the revised pay was approximately three times higher than its pre revised pay. Apart from all the factors which has been used to determine the pay revision, we can use this simple formula ‘common multiplying factor’ to know the 7th pay commission pay scale . If next pay commission prefer to continue the same running pay band and grade pay system for seventh pay commission also, the pay structure may be like the following projected figures given below, using common multiplying factor ‘3’. The Following is only the projected figure using common multiplying factor ‘3’...


SIXTH CPC PAY STRUCTURE
PROJECTED PAY STRUCTURE FOR NEXT (VII) PAY COMMISSION
Name of Pay Band/ Scale
Corresponding Pay Bands
Corresponding Grade Pay
Entry Grade +band pay
Projected entry level pay using uniform multiplying factor` 3’
Band Pay
Grade Pay
Entry Pay
PB-1
5200-20200
1800
7000
15600-60600
5400
21000
PB-1
5200-20200
1900
7730
15600-60600
5700
23190
PB-1
5200-20200
2000
8460
15600-60600
6000
25380
PB-1
5200-20200
2400
9910
15600-60600
7200
29730
PB-1
5200-20200
2800
11360
15600-60600
8400
34080
PB-2
9300-34800
4200
13500
29900-104400
12600
40500
PB-2
9300-34800
4600
17140
29900-104400
13800
51420
PB-2
9300-34800
4800
18150
29900-104400
14400
54450
PB-3
15600-39100
5400
21000
29900-104400
16200
63000
PB-3
15600-39100
6600
25530
46800-117300
19800
76590
PB-3
15600-39100
7600
29500
46800-117300
22800
88500
PB-4
37400-67000
8700
46100
112200-20100
26100
138300
PB-4
37400-67000
8900
49100
112200-20100
26700
147300
PB-4
37400-67000
10000
53000
112200-20100
30000
159000
HAG
67000- (ann increment @ 3%) -79000
Nil
201000
HAG+ Scale
75500- (ann increment @ 3%) -80000
Nil
226500
Apex Scale
80000 (Fixed)
Nil
240000
Cab. Sec.
90000 (Fixed)
Nil
270000


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EX-SERVICEMEN STATUS

, by indianmilitaryveterans


 NOTIFICATION FOR REDEFINING THE TERM 'EX-SERVICEMEN' HAS BEEN ISSUED

On a first glance, the following are the apparent changes:

(a)The new notification covers aspects of all level of posts, that is, Group A, B, C and D.

(b)Those released on reduction of establishment are also now covered.

(c)Territorial Army pensioners of both categories, that is, those who earn pension after continuous service or in broken spells, would be covered.

(d)All gallantry awardees covered.

(e)Boarded out recruits in receipt of disability pension covered.

(f)Adjustment and modalities of reservation vis-à-vis other reserved categories fully explained and specified.

(g)Age relaxation for all levels of posts specified unambiguously including for Competitive Examinations.

Please click for the Notification

Source : Indian Military Service & Banafits.

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CSD PRICE LIST

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