Unilateral decision by Govt will not be accepted – Staff Side JCM
7TH PAY COMMISSION LATEST NEWS – UNILATERAL DECISION BY GOVT WILL NOT BE ACCEPTED – STAFF SIDE JCM WRITES TO GOVT FOR CONDUCTING NEGOTIATION WITH STAFF SIDE ASSOCIATIONS BEFORE TAKING A DECISION ON 7TH PAY COMMISSION RECOMMENDATIONS
Though the central government employees are ardently waiting for the implementation of the Seventh Pay Commission, reports suggest that it will not be done before the results for the Assembly elections are announced. If reports are to be believed then the proposal of minimum pay of 24,000 will be taken into consideration and the reasonable expectations of central government employees will be met while announcing the salary hikes in accordance with the 7th pay commission.
According to a Zee news report, “Other than the pressure of trade unions, the results of the Assembly election in five states, West Bengal, Assam, Tamil Nadu, Kerala, Pondicherry, are likely to have an influence on the final pay out.
The notification towards implementation of the seventh pay commission will be announced only after the result of the elections. If the mandate goes totally in favour of the Opposition, the government will be under greater pressure to keep the dissatisfaction related to salalry hike in check.”
‘No unilateral decision on salary hikes under 7th Pay Commission acceptable’ The central government employees lead by the National Council (Staff Side) Joint Consultative Machinery have said that they will not accept unilateral decision on salary hikes under the seventh Pay Commission and would like to have more say in the way their monthly salaries and allowances are shaped up by the Empowered Committee of Secretaries. “Neither did the Government side made any commitment on any demands, nor did they indicate in the minutes that further discussion will be held with the staff side to arrive at a negotiated settlement on each demands.
It seems that the Modi Government is moving ahead to issue unilateral orders taking the staff side for a ride”, M Krishnan, Secretary General of the central government employees confederation was quoted as saying in the Zee report. “The staff side on the other hand has taken a position that if unilateral orders are issued, without taking the staff side into confidence, the NJCA shall go ahead with the indefinite strike from 11th July 2016 as already informed to the government”,Krishnan further added in the report.
An empowered committee of Secretaries was formed under the Cabinet Secretary to process the recommendations of the pay panel.
This committee also invited the Joint Consultative Machinery which is the group representing the Staff side (central employees union) to understand their view point. The central employees union has clearly said that they will not accept any unilateral decision on the issue and needs a bilateral negotiation on the matter.
Source: One India
Bajaj Auto Finance inks pact with India Post
Motorcycle finance company Bajaj Auto Finance has entered into an arrangement with post offices across India to enable buyers get information through brochures available at post offices, as well as apply for two-wheeler loans from the company.
Subsequently, customers can also make loan repayments by depositing money in post offices.
The project is being launched with Tamil Nadu as pilot/nodal office and the arrangement will initially be rolled out across 18 locations in the State, Bajaj Auto said in a statement.
Pradeep Srivastava, Executive Director, Bajaj Auto, said: “By joining up with India Post we intend to reach all our customers in the remotest corners of the country.”
Charles Lobo, Chief Postmaster General, TN Circle, India Post, said: “Bajaj has been one of the brands and names we have associated ourselves with for ages. We hope to take this initiative to great heights by delivering easy and convenient finance options to our customers through all our post offices.”
This arrangement shall initially be rolled out across the following 18 locations across Tamil Nadu
1 CHENNAI 2 COIMBATORE 3 CHENGALPATTU 4 DHARMAPURI 5 DINDIGUL 6 ERODE 7 KUMBHAKONAM 8 MADURAI 9 NAGARCOIL 10 SALEM 11 SIVAKASI 12 TENKASI 13 THANJAVUR 14 THIRUVARUR 15 TIRUCHIRAPALLI 16 TIRUNELVELI 17 TIRUVALLUR 18 VELLORE
Source : http://www.thehindubusinessline.com
The Income Declaration Scheme 2016 to open from 1st June 2016
The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years to come forward and declare such undisclosed income(s).
Under the Scheme, such income as declared by the eligible persons, would be taxed at the rate of 30% plus a‘Krishi Kalyan Cess’ of 25% on the taxes payable and a penalty at the rate of 25% of the taxes payable, thereby totalling to 45% of the income declared under the scheme.
The scheme shall remain in force for a period of 4 months from 1st June, 2016 to 30th September, 2016 for filing of declarations and payments towards taxes, surcharge & penalty must be made latest by 30th November, 2016. Declarations can be filed online or with the jurisdictional Pr. Commissioners of Income-tax across the country.
- The scheme shall apply to undisclosed income whether in the form of investment in assets or otherwise, pertaining to Financial Year 2015-16 or earlier.
- Where the declaration is in the form of investment in assets, the Fair Market Value of such asset as on 1st June 2016 shall be deemed to be the undisclosed income under the Scheme. However, foreign assets or income to which the Black Money Act 2015 applies are not eligible for declaration under this scheme.
- Assets specified in the declaration shall be exempt from Wealth tax.
- No Scrutiny and enquiry under the Income-tax Act or the Wealth tax Act shall be undertaken in respect of such declarations.
- Immunity from prosecution under the Income-tax Act and Wealth Tax Act is also provided along with immunity from the Benami Transactions (Prohibition) Act, 1988 subject to transfer of asset to actual owner within the period specified in the Rules.
- Non-payment of total taxes, surcharge & penalty in time or declaration by misrepresentation or suppression of facts shall render the declaration void.
- The circumstances in which the Scheme shall not apply or where a person is held to be ineligible are specified in section 196 (Chapter IX) of the Finance Act, 2016.
- Non declaration of undisclosed income under the Scheme, will render such undisclosed income liable to tax in the previous year in which it is detected by the Income tax Department. Other penal consequences will also follow accordingly.
The full text of the Scheme is available on the departmental website www.incometaxindia.gov.in for viewing. The relevant rules and forms for the same are to be notified shortly.
Central government ministries and departments will now be rewarded for successful implementation of e-Office or 'paperless office' initiative.
New Delhi, May 15 (PTI)
Central government ministries and departments will now be rewarded for successful implementation of e-Office or 'paperless office' initiative. The move is aimed at improving the ease of governance and expediting the administrative process.
Minister of State in the Prime Minister's Office Jitendra Singh has written to all ministers to take urgent action to shift to paperless functioning mode in a time bound manner. "It is one of the priority works of the government. We are writing to all ministers for going paperless. The e-Office will help in speeding up administrative work and result in saving money for the exchequer," he told PTI.
Singh said those doing exemplary work in this project may be given awards for excellence in public administration, which are given annually by the Prime Minister on civil services day. In his letter, the Minister said one of the agendas of the minimum government-maximum governance is to adopt e-Office in all government functioning for achieving the goal of governance with accountability, transparency and innovation (GATI), which is the sine-qua-non for achieving Prime Minister's Mission of PRAGATI.
The Department of Administrative Reforms and Public Grievances is providing financial assistance for implementation of e-Office initiative. "In order to give encouragement towards implementation of e-Office across central ministries or departments, the Department of Administrative Reforms and Public Grievances (DARPG) is also providing financial assistance for implementation of e-Office based realistic estimates duly vetted by National Informatics Centre (NIC). "It is also finalising a scheme for awarding better performing Ministries and Departments in e-Office," the letter reads.
The DARPG acts as nodal authority for the implementation of e-Office in central ministries with the help of the technical partner NIC. "It is noteworthy that the Ministry of Panchayati Raj has completely transformed itself to an e-Office platform, while the Ministry of Rural Development is close to achieving it," the letter said, citing works done by the two government departments.
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