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CSD issues new guidelines for purchase of grocery & car from June1st 2015

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CHANDIGARH: Canteen Stores Depot (CSD) has introduced new guidelines for car purchase for defence personnel as officers are now entitled to buy a car of up to 3,000 cc and the frequency of purchase is limited to once in four years. The new guidelines will be implemented from June 1.

Earlier, the officers could buy a car of up to 2,500 cc and the frequency was once in four years.
Junior commissioned officers (JCOs) having been granted honorary commission are eligible to buy a car up to 2,500 cc and the frequency is once in seven years. Earlier, they could buy a car of only up to 1,500 cc and the frequency was once in seven years.

Other JCOs are eligible for a car of 2,000 cc but the frequency is limited to once in service and once after retirement. Also the first car could be purchased after 10 years of service and the gap between two purchases will be of at least 10 years.

Earlier, JCOs were eligible for a car up to 1,400 cc and the frequency was once in service and once after retirement.

Soldiers are now eligible for a car up to 1,800 cc and the frequency is the same as that for JCOs -- that is once in service and once after retirement -- and also, the first purchase can be made after 10 years of service and the difference between two purchases is to be 10 years. Earlier, they could buy a car of 1,400 cc and the frequency was once in service and once after retirement.DUE TO INFLATION

The limits of purchases have been enhanced across all categories due to inflation. The new rates will be implemented from June 1. Also, the unit-run canteens are being asked to ensure attractive items being sold strictly as on required basis and not in excess quantity. “Strict watch be maintained on sale of items where there is a large difference in the CSD and market rates, such as suitcases, watches, pressure cookers, fans and other attractive toiletry and cosmetic items. The profile of customers be strictly watched for spending beyond means,” said the new guidelines.

NEW MONTHLY LIMIT ENHANCED



For officers and honorary commissioned JCOs, the monthly limit has been enhanced from `7,000 to `11,000, in case of JCOs from `5,000 to `8,000 and those of other ranks from `3,500 to `5,500. The liquor rate has been fixed at `2,500 across all ranks per month.

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One rank one pension

, by indianmilitaryveterans

UNBORN HANDED OVER TO CPC



Acreation by Mr. Mahanta Biswas

Source :  http://ex-airman.blogspot.in/

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Issue of medicines by embanelled hospital for 7 days post discharge

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Indian Military Veterans

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Prime Minister to Launch Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Atal Pension Yojana (APY) on 9th May 2015 at Kolkata

, by indianmilitaryveterans

Indian Military Veterans

It has been mentioned in the Budget Speech of 2015-16 that a large proportion of India’s population is without insurance of any kind - health, accidental or life. Further, as the young population of India ages, it is also going to be without any formal pension provision. It is estimated that the unorganised sector workers, which constitute 88% of the total labour force of 47.29 crore, as per the 66th Round of NSSO Survey of 2011-12, do not have any formal pension provision. Encouraged by the success of the Pradhan Mantri Jan Dhan Yojana, the Government has proposed to work towards creating a universal social security system for all Indians, specially the poor and the under-privileged and the workers in the unorganised sector, using the bank accounts as the basis for launching the schemes.

Therefore, the two insurance schemes and one pension scheme have been announced in the Budget. The Prime Minister will launch three ambitious Social Security Schemes pertaining to the insurance and pension sector on 9th May 2015 at Kolkata. This would be a path breaking initiative towards providing affordable universal access to essential social security protection in a convenient manner, linked to auto-debit facility from the bank account of the subscriber. The two insurance schemes to be launched, namely Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), would provide insurance cover in the unfortunate event of death by any cause/death or disability due to an accident. The pension scheme, Atal Pension Yojana (APY), would address old age income security needs and mitigate the longevity risk. The convenient delivery mechanism of the schemes is expected to address the situation of very low coverage of life/accident insurance and old age income security products in the country.

In light of the fact that a large proportion of the population has no accidental insurance cover, PMSBY is aimed at covering the uncovered population at an affordable premium of just Rs.12 per year. The Scheme will be available to people in the age group 18 to 70 years with a savings bank account, who give their consent to join and enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis. PMSBY will offer a renewable one year accidental death cum disability cover of Rupees Two Lakh (Rupees One Lakh for partial permanent disability). The scheme would be offered/administered through Public Sector General Insurance companies or other General Insurance companies willing to offer the product on similar terms on the choice of the Bank/RRB/Cooperative Bank concerned.

PMJJBY, on the other hand, will offer a renewable one year life cover of Rupees Two Lakh to all savings bank account holders in the age group of 18 to 50 years, covering death due to any reason, for a premium of Rs.330/- per annum per subscriber. The scheme would be offered/administered through LIC or other Life Insurance companies willing to offer the product on similar terms on the choice of the Bank / RRB / Cooperative Bank concerned.

APY, the third scheme to be launched, will focus on the unorganised sector and provide subscribers a fixed minimum pension of Rs. 1000, 2000, 3000, 4000 or Rs. 5000 per month starting at the age of 60 years, depending on the contribution option exercised on entering at an age between 18 and 40 years. Thus, the period of contribution by any subscriber under APY would be 20 years or more. The benefit of fixed minimum pension under Atal Pension Yojana would be guaranteed by the Government, in the sense, that if the realised returns on the pension contributions in the account of the subscribers are less than the assumed returns, for minimum guaranteed pension, over the period of contribution, such shortfall shall be funded by the Government. On the other hand, if the actual returns on the pension contributions are higher than the assumed returns for minimum guaranteed pension, over the period of contribution, the subscriber would be able to retain such excess in his account, resulting in enhanced scheme benefits to him. While the scheme is open to bank account holders in the prescribed age group, the Central Government would also co-contribute 50% of the total contribution or Rs. 1,000 per annum, whichever is lower, for a period of 5 years for those joining the scheme before 31st December, 2015 and are not members of any statutory social security scheme and are not income tax payers.

The Prime Minister is going to dedicate the three schemes to the citizens on 9th May, 2015 in Kolkata. There will be simultaneous Nation-wide launch of the schemes through functions organised at 112 centres in various States and UTs which would be attended by the respective Chief Ministers/Governors and the Union Ministers. The pre-launch publicity of the schemes is being done through the electronic and print media and also by organising special camps to start the process of enrolment of subscribers. It is expected that the schemes would be able to attract a sizeable number of subscribers before the formal launch of the scheme by the Prime Minister on 9th May, 2015 and also after the launch.

A higher level of APY enrolments from the informal sector will ensure better life chances for such subscribers in their post-retirement phase and resultant decrease in the burden on social security under the National Social Assistance Programme in future. This will enable the Government to improve the quality of infrastructure and also deploy long-term savings mobilised in other needy sectors, as the pension contributions would be invested in the productive sectors of the economy. The proposed insurance schemes, PMSBY and PMJJBY will provide much needed access to affordable personal accident and life cover to a vast population, currently not having convenient and systematic access of this nature. It will go a long way in improving insurance awareness and insurance penetration / density in the country.
*****


DSM/MAM/KA
(Release ID :121445)

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MoU Between Indian Army and Bank of India

, by indianmilitaryveterans

Indian Military Veterans


          On 08th May 2015, an MoU was signed between the Indian Army and Bank of India (BOI) on the Defence Salary Package.  The signing ceremony was chaired by the Adjutant General, Lt Gen Rakesh Sharma, and was attended by senior  dignitaries of BOI headed by Mr Arun Shrivastava, Executive Director.
The first MoU between BOI and the Indian Army was signed in 2011 and was valid for a period of three years.  The revised MoU is tailor made to suit the requirements of serving soldiers, pensioners and families. Number of additional facilities have been incorporated in the revised MoU after concerted efforts.  Army is hoping that this MoU will benefit a large number of serving and retired Army personnel who are having their accounts with BOI; and also provide them an opportunity to access modern banking facilities.
          The basic features of the MoU are the same as before.  It includes the standard bundle of free / concessional services including free drafts, free cheque books, free funds transfers to any bank in India through   RTGS / NEFT, free ATM cards etc. 

          Some features which have been improved from the previous MoU are that the Personal Accident Insurance (PAI) cover has been extended upto Rs 10 lacs from Rs 5 lacs including air insurance, Home Loan Insurance on Army Welfare housing Organisation (AWHO) for deaths on account of war/external aggression/ terrorist attack up to Rs 50 lacs.  Two major additions are the applicability of PAI and overdraft facility to pensioners and waiver of merchant service fee (MSF) for transaction on BOI POS Terminal installed at CSD Canteens for BOI Card holders. The MoU also has a provision for yearly review of specific features and requests.


Col Rohan  Anand, SM
PRO (Army)

(Release ID :121496)

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No Proposal to introduce reservation for recruitment in the armed forces

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Indian Military Veterans


Recruitment in Armed Forces

There is no proposal under consideration of the Government to introduce reservation for Scheduled Castes / Scheduled Tribes / Other Backward Classes for recruitment in the armed forces. Recruitment in the armed forces is based on merit and is open to all citizens irrespective of class, caste, community, region or religion. Nature of operational and administrative challenges under which the armed forces function precludes reservation for recruitment in the armed forces.
This information was given by Defence Minister Shri Manohar Parrikar in a written reply to Shri Tapas Paul in Lok Sabha today.
pib

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CGHS Hospitals, Dispensaries Functioning for 24 Hrs

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Indian Military Veterans


The following Wellness Centers/dispensaries under the Central Government Health Scheme (CGHS) in the country are working 24 hours:
1. North Avenue, New Delhi.
2. South Avenue, New Delhi.
3. Telegraph Lane, New Delhi.
4. Dr. Zakir Hussain Road, New Delhi.
5. Timarpur Hospital cum Wellness Centre, New Delhi.
6. Kingsway Camp Hospital cum Wellness Centre, New Delhi.
The Minister for Health & Family Welfare, Shri J P Nadda stated this in a written reply in the Lok Sabha here today.
PIB

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Demands of Armed Forces Veterans for One rank one pension and various issues

, by indianmilitaryveterans

Indian Military Veterans


Several representations are received from Armed Forces Veterans relating to various issues such as pension fixation / One Rank One Pension, disbursal, rehabilitation, re-employment, effective implementation of Ex-Servicemen Contributory Health Scheme, financial assistance, grant of benefits to ESM / families by State Governments such as land / houses / flat, compensation, ex-gratia, etc. which are replied to / disposed off in accordance with the existing Government policies / Rules.
This information was given by Minister of State for Defence Rao Inderjit Singh in a written reply to Shri Anto Antony in Lok Sabha today.
pib

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Non-Acceptance of Self-Attested Documents by Govt officials

, by indianmilitaryveterans

Indian Military Veterans

Non-Acceptance of Self-Attested Documents by Govt officials – Minister’s Reply in Parliament

Minister for State for Personnel Public Grievances and Pensions replied recently in the Parliament that DOPT has been repeatedly requesting all States, UTs and Central Government Departments to accept self-attested documents / Self-Certification and to abolish affidavits
Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions
07-May-2015 18:52 IST

Self-Attested Documents

The Government has received representations/grievances/complaints from general public regarding non-acceptance of self-attested documents by the officials. Two references of public grievances were received on non-acceptance of self-certification by different authorities. A number of applications under RTI Act, 2005 seeking clarification on the subject have also been received.
Department of Administrative Reforms & Public Grievances has been requesting States / UTs and Central Ministries to adopt self-certification and for abolition of affidavits and several communications have been sent in this regard.
This was stated by the Minister of State for Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office Dr. Jitendra Singh in a written reply to a question by Dr. R.Lakshmanan in the Rajya Sabha today.
Source: PIB

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INCOME TAX EXEMPTION / DEDUCTION ON INTEREST PAID ON EDUCATION LOAN

, by indianmilitaryveterans

Indian Military Veterans

DECLARATION OF ASSETS AND LIABILITIES BY PUBLIC SERVANTS UNDER THE SECTION 44 OF THE LOKPAL AND LOKAYUKTAS ACT, 2013 - EXTENSION OF LAST DATE FOR FILING OF REVISED RETURNS CLICK HERE


__________________________________________________

INCOME TAX EXEMPTION / DEDUCTION ON
INTEREST PAID ON EDUCATION LOAN

Press Information Bureau
Government of India
Ministry of Finance
05-May, 2015

            Section 80E of the Income-tax Act, 1961 provides that in computing the total income of an individual, their shall be allowed a deduction of the amount paid by way of interest on loan taken by him from any financial institution or approved charitable institution for the purpose of pursuing his own higher education or higher education of his spouse, or children, or the student for whom he is the legal guardian. The deduction is available for eight assessment years beginning with the assessment year in which the payment of interest on such loan is first made or until the interest is paid in full, whichever is earlier. This deduction is available to every individual who is liable to income-tax. No specific funds are earmarked for the purposes of extending tax concession against interest paid on education loan.
            This was stated by Shri Arun Jaitley, Union Finance Minister in written reply to a question in the Rajya Sabha today.
EXTRACT OF SECTION 80E OF INCOME TAX ACT 1961
            Under Section 80E of the Act a deduction will be allowed in respect of repayment of interest on loan taken for higher education, subject to the following conditions:

(i)In computing the total income of an assessee, being an individual, there shall be deducted, in accordance with and subject to the provisions of this section, any amount paid by him in the previous year, out of his income chargeable to tax, by way of interest on loan, taken by him from any financial institution or any approved charitable institution for the purpose of pursuing his higher education or for the purpose of higher education of his spouse or children.

(ii)        The deduction specified above shall be allowed in computing the total income in respect of the initial assessment year and seven assessment years immediately succeeding the initial assessment year or until the interest referred to above is paid in full by the assessee , whichever is earlier. For this purpose –

            (a) “approved charitable institution” means an institution established for charitable purposes and approved by the prescribed authority under clause (2C) of section 10, or, an institution referred to in clause (a) of sub-section (2) of Section 80G. Section 80E 35

            (b) “financial institution” means a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that Act); or any other financial institution which the Central Government may, by notification in the Official Gazette, specify in this behalf;

            (c) “higher education” means any course of study pursued after passing the Senior Secondary Examination or its equivalent from any school, board or university recognised by the Central Government or State Government or local authority or by any other authority authorised by the Central Government or State Government or local authority to do so;

            (d) “initial assessment year” means the assessment year relevant to the previous year, in which the assessee starts paying the interest on the loan.

            (e) relative”, in relation to an individual, means the spouse and children of that individual or the student for whom the individual is the legal guardian
 Source: Press Information Bureau

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Minimum Wage of Rs 26,000/- Justified and Fitment formula

, by indianmilitaryveterans

Indian Military Veterans


Comrade,

                  The DIRECTORATE OF  CONONMICS & STATISTICS DEPARTMENT OF AGRICULTURE & COOPERATION MINISTRY OF AGRILCULTURE GOVERNMENT OF INDIA NEW DELHI  has published the RETAIL PRICES OF FOOD AND NON FOOD ITEMS VIDE http://rpms.dacnet.nic.in/  PLEASE GO THROUGH THIS IMPORTANT LINK .  which contains district wise price report.


You can get any price of any article using the Query option. 


 The prices  of many items provided by the Staff side JCM  are lower than the retail prices provided by the Government agency  . Hence the Minimum wage of Rs 20,000/- is  justified for the  erstwhile Group "D" with effect from 1/1/15 using Dr Aykroyd  formula . After weightage of 25% for Group "C" it works out to Rs 26,000/- .


The fitment formula  may range from 2.72 times to 3.72 depending upon the weightage.  

The Sixth Central Pay Commission has recommended a minimum wage of Rs 6600/- per month   against the demand of Rs 10,000/-  per month as worked out by Staff side of JCM, Today the minimum need based wage works out to Rs 26,000/ per month. 


Comradely yours

(P.S. Prasad)
General Secretary 
Source: http://karnatakacoc.blogspot.in/2015/05/minimum-wage-and-fitment-formula.html

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CSD PRICE LIST

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