7th Pay Commission : Revision of pay of the Chairpersons and Members of the Regulatory Authorities / Bodies

7th Pay Commission : Revision of pay of the Chairpersons and Members of the Regulatory Authorities / Bodies

No. 3/4/2016-Estt.(Pay-II)

Government of India

Ministry of Personnel, Public Grievances & Pensions

Department of Personnel and Training

*****

North Block, New Delhi

Dated : 30.05.2017

OFFICE MEMORANDUM

Subject: Revision of pay of the Chairpersons and Members of the Regulatory Authorities / Bodies consequent to the implementation of the 7th Central Pay Commission recommendations.

This Department had, vide OM No. 3/6/97-Estt.(Pay-II) dated 29th January 1998, issued guidelines regarding perquisites and some important terms and conditions for the Chairpersons and Members of the Regulatory Authorities and allied matters.

2. These guidelines were applicable to Chairpersons and Members of existing Regulatory Authorities also, appointed subsequent to the issue of these guidelines, unless there is a constitutional or statutory obligation to the contrary. As per the aforesaid guidelines, the Chairperson would be eligible for pay not exceeding Rs. 26,000/ – p.m. (fixed) and Members would be eligible for pay scale not exceeding Rs.22400-525-24500. The pay will be fixed in accordance with the prevailing orders, i.e. pay minus pension.

3. After implementation of the Sixth Pay Commission, in order to attract expertise available outside the Government, the full time Members of TRAI, CERC, IRDA, SEBI and CCI were granted consolidated pay packages vide orders of Ministry of Finance, Department of Expenditure. Replacement scales of Rs.80,000/- p.m. and Rs.37400-67000 (PB-4) with Grade Pay of Rs. 12000/- (since replaced with HAG scale of Rs.67000-79000) were granted respectively to Chairpersons and Members of all other Regulatory Authorities / Bodies.

4. The 7th CPC has looked into the emoluments structure, including pay, allowances and other facilities/benefits, in cash or kind of the members of Regulatory Bodies (excluding the Reserve Bank of India) set up under Acts of Parliament, and have given their recommendations in Chapter-13 of their Report. As per recommendations of the 7th CPC, as accepted by Government of India, and also as intimated by Department of Expenditure vide OM No. 394959/ E.IIIA/ 2017 dated 2nd March 2017, the pay and allowances of Chairperson and fulltime Members of Telecom Regulatory Authority of India (TRAI), Insurance

5. Regulatory and Development Authority (IRDA), Central Electricity Regulatory Commission (CERC), Securities and Exchange Board of India (SEBI), Competition Commission of India (CCI), Pension Fund Regulatory and Development Authority (PFRDA), Petroleum and Natural Gas Regulatory Board (PNGRB), Warehousing Development and Regulatory Authority (WDRA), Airports Economic Regulatory Authority of India (AERAI), Railway Development Authority (RDA) and Insolvency & Bankruptcy Board of India (IBBI) which have been de-linked from Government salaries will be governed by the orders issued by the Department of Expenditure.

6. In respect of existing Members of remaining Regulatory Bodies set up under the Acts of Parliament, the 7th CPC has recommended normal replacement pay. This has also been accepted by the Government of India vide Resolution No.1-2/ 2016-IC dated 25th July, 2016. Accordingly, the existing Chairpersons as well as future appointees would be eligible for basic pay not exceeding Rs. 2,25,000/- (Level 17 of Pay Matrix) in revised pay structure and the existing Members as well as future appointees would be eligible for basic pay not exceeding Level 15 of Pay Matrix in the revised pay structure.

7. Existing instructions provide that Chairperson and Member(s) who on the date of his / her appointment to the Regulatory Authority/ Statutory Body/ Tribunal was in the service of the Central/ State Government shall be deemed to have retired from such service with effect from the date of his / her respective appointment as such Chairperson/ Member. In case such officers are in receipt of pension, the same shall be deducted in accordance with the prevailing orders applicable to the reemployed pensioners.

8. The rates of all allowances shall be as admissible to Government employees of corresponding Level from time to time.

9.These orders shall take effect from 01.01.2016.

Sd/-

(A.K.Jain)

Deputy Secretary to the Government of India

Source: dopt.gov.in Click here to download/view

अब डाकघर में भी बनेंगे आधार कार्ड

अब डाकघर में भी बनेंगे आधार कार्ड | डाक विभाग और UIDAI में हुआ समझौता

PVC कार्ड जारी किए जायेंगे | 25000 डाकघरों से होगी शुरुआत

भारतीय डाक विभाग आम जनता की सेवा के लिए हर दिन नई योजनाएं ला रहा है । हाल ही में डाकघरो में पासपोर्ट सेवा केंद्र बनाकर जनता कोखुशियो की सौगात दी है तो रोजगार पंजीकरण केंद्र के रूप में भी डाकघर जल्द ही काम करना शुरु कर देंगे ।

हर जगह आधार कार्ड की अनिवार्यता को देखते हुए जल्द ही डाकघरों में आधार कार्ड बनने लगेंगे । डाक विभाग और UIDAI में 09 मई 2017 कोएक समझौता हुआ है जिसके अनुसार जुलाई 2017 के बाद डाकघरों में आधार कार्ड पंजीकरण और अपडेशन का काम शुरू हो जायेगा ।

Superannuation Retirement

The following officers are Retiring from Government Service on Superannuation on 31.05.2017.

1.  Shri G R Katte, Superintendent, Shrirampur Dn., Pune Region.

2.  Shri M R Sapkal, Superintendent, Inland, AMSD Dn., MM Region.

3.  Shri G R Patil, Superintendent, PSD, Kolhapur, Goa Region.

This Association Wishes all a very Happy and Healthy Retired Life 

GDS Job Description, Promotion & Pay scale in 2017

Employment News : 27 May to 2 June 2017

Employment News : 27 May  to 2 June 2017

JOB HIGHLIGHTS

HIGH COURT OF GUJARAT

Name Of Post : Civil Judges Regular and Ad-hoc

No.of Vacancies : 129 Last Date :22.06.2017

BANK OF MAHARASHTRA

Name Of Post : Sub Staff

No.of Vacancies : 450 Last Date :05.06.2017

INDIAN SPACE RESEARCH ORGANISATION, HYDERABAD

Name Of Post : Technician B Mechanic, Electrician, Fitter, Machinist etc

No.of Vacancies : 74 Last Date :10.06.2017

STAFF SELECTION COMMISSION (NWR)

Name Of Post : Assistant Photographer, Fertilizer Inspector, Farm Assistant, Deputy Ranger etc

No.of Vacancies : 28 Last Date :07.06.2017

CSIR-INSTITUTE OF HIMALAYAN BIORESOURCE TECHNOLOGY, HIMACHAL PRADESH

Name Of Post : Senior Scientist, Technical Officer, Technical Assistant etc

No.of Vacancies : 19 Last Date :05.06.2017

Source : http://employmentnews.gov.in

Get ready to file your ITR: Deadline for employers to provide Form 16 is May 31

The time has come for your employer to inform you about the taxes deducted in the previous year i.e. for the financial year 2016-17. Each month, the employer would have deducted tax at source (TDS) on your salary income and deposited the same to the government. 

The income tax Act mandates everyone who deducts TDS to issue a certificate to the individual. Under section 203 of the Income-tax Act, 1961, the employer is mandated to issue Form 16 to the employees showing the total TDS on income. 

And this should happen before the end of this month. Archit Gupta, founder & CEO ClearTax.com informs, "The last date for the employers to share the form 16 with the employees is 31st May of the financial year immediately following the financial year in which income tax was paid and tax deducted." However, in case there is no TDS deducted, the employer need not issue the TDS certificate in Form 16. 

Budget 2016 gave few extension in TDS submissions. "The due dates were extended for submission of TDS Returns. But no extension has been announced for Form 16 yet. It must be kept in mind that an extension in the deadline for employers to provide Form 16 will reduce the time available for filing of returns for the salaried who rely on Form 16 to prepare their returns", says Gupta. 

Penalty for employer 

It is compulsory for the employer to furnish Form 16 to the employee, whether it is the present or any previous employer. "Under section 203 of the Income Tax act, 1961 read with rule 31 of the income tax rules 1962, it is mandatory to furnish." But, what if the employer fails to do so? "Under section 272A (2) (g) of the Income Tax act, the employer is liable to pay the penalty," says Gupta. 

In case the employer has not provided the Form 16 to the employee by May 31 and delays it, there are penalties in place too. Gupta says, "If the employer fails to furnish the form 16 within the due date, he is liable to pay a penalty of Rs.100 per day of default till he issues the form. However, the penalty will not exceed the amount of tax deductible." 

What to do if not received 

At times employees find it difficult to collect the Form 16 from previous employers and sometimes even from the present ones. "The only remedy in case employer refuse to issues Form 16 is to complain to the concerned assessing officer in writing, who will take appropriate action or initiate penalty proceedings against the employer. The employee, however, has no other legal remedy against his employer in case he refuses to issue the certificate except to intimate about such default to the concerned assessing officer, who may take appropriate action or initiate penalty proceedings against the employer." 

What all is there in Form 16 

Form 16 is a summary of the total amount paid to the employee and the TDS on it. 

There are two parts in Form 16- Part A and Part B. While the basic information of the employer and employee, like name, address, PAN and TAN details, period of employment with the employer, summary details of TDS deducted and deposited with the government are captured in Part A, while Part B includes Income chargeable under the head 'Salaries', any other income reported by employee, the various deductions under Chapter VI-A such as section 80C, Section 80D etc. 

Lastly, it will carry the figures for total income (earned during the previous year) and the tax applicable to it. "Part A must be generated and downloaded through Traces Portal. Part A of Form 16 also has a unique TDS Certificate Number. Part B is prepared by the employer manually and issued along with Part A," says Gupta. 

Conclusion 

In addition to the salary income, an employee may have other income too. Once you have received the Form 16 but had not declared any other income to the employer( and therefore no TDS was deducted on it), you may show it while filing the income tax return, the last date for which currently stands at 31st July. 

Source : The Economic Times

Declaration of result of LDC Examination for promotion to the cadre of lnspector Posts (66.66% quota) for the year 2015-16 held on 22nd and 23rd October, 2016.

It is learnt that it will take some time for declaration of result. 
 

Staff Selection Commission (SSC) MTS Examination Cancelled

Staff Selection Commission (SSC) has published that the SSC MTS Examination has been cancelledowing to leakage of papers. The organization is now going to conduct online exam during September / October 2017.

"The Commission has taken a decision to cancel the Multi-Tasking Staff (Non-Technical) Examination,2016 in the OMR based mode for all 5 days (viz. the examinations already conducted on 30.4.2017 and 14.5.2017, and to be conducted on 28.5.2017, 4.6.2017 and 11.6.2017). The said examination would now be conducted by the Commission afresh in the computer based mode, tentatively during the month of September-October, 2017. The details in this regard would be hosted on the website of the Commission in due course."

Notice: Click Here

Paytm Payments Bank launched. Here’s how it compares to rivals Airtel, India Post

Paytm Payments Bank Ltd on 23 May rolled out its banking operations. With the launch of Paytm Payments Bank, there are now three payments banks in the country, including Airtel Payments Bank Ltd and India Post Payments Bank Ltd. A payments bank is a differentiated bank that allows customers to open savings accounts for deposit amounts of up to Rs1 lakh. As of now, Paytm Payments Bank is offering the service by invitation only. Here is a look at the products and services that all payments banks offer.

Interest rate

On savings accounts, the newly launched Paytm Payments Bank is offering 4% per annum interest. Its competitor Airtel Payments Bank gives 7.25% per annum on savings accounts , while India Post Payments Bank provides 5.5% interest per annum.

Paytm Payments Bank’s interest rate is in line with large commercial banks, such as State Bank of India and ICICI Bank Ltd, which offer 4% on savings account deposits. Some of the smaller banks, such as Yes Bank Ltd and RBL Bank Ltd, offer 5.5-7.1% interest on savings accounts, depending on the deposit amount. 

•        India Post Payments Bank offers three kinds of accounts: one regular and two basic savings bank deposit accounts.
• 
  

Cash withdrawal charges

For most payments banks, there is a cash withdrawal charge. Paytm Payments Bank’s cash withdrawal charges using ATMs are similar to those of any other major bank of the country. It follows standard Reserve Bank of India (RBI) rules in this regard and as a result you get five free transactions in non-metro cities and three free transactions in a metro city, after which you will be charged Rs20 for each cash withdrawal and Rs5 for non-financial transactions like taking out a mini statement.

In case you need a physical statement from the bank, you will have to pay Rs50 plus delivery charges; additional service tax will also be applicable.

Airtel Payments Bank charges 0.65% of the withdrawal amount if you withdraw cash from a banking point.

India Post Payments Bank doesn’t charge any fee if you withdraw money from an India Post Payments Bank ATM or a Punjab National Bank ATM. However, for withdrawals from other banks’ ATMs, you will be charged as per standard Reserve Bank of India (RBI) rules. For doorstep banking, where the bank delivers cash at customers’ doorsteps, cash deposit and withdrawal charges range between Rs15 and Rs35, depending on the amount.

Debit cards

Paytm Payments Bank will provide RuPay debit cards at an annual subscription of Rs100 plus delivery charges plus tax. In case of loss of card, you will have to pay Rs100 plus delivery charges to get it replaced. The bank is also providing a cheque book, with 10 leaves, at Rs100 plus delivery charges.

India Post Payments Bank offers a free debit card, but you will be charged Rs100 if you take add-on cards or a new card in case it is stolen lost. Also, it charges an annual maintenance fee of Rs100, which is applicable from second year onwards.

There are also limitations in terms of withdrawal from ATMs—a maximum amount of Rs10,000 per transaction and a maximum of Rs25,000 per day—depending on the account you hold with the bank. In case the ATM kit or ATM card is returned due to wrong address, you will have to pay Rs100 as charges for the replacement card to be delivered.

Online funds transfer

Paytm Payments Bank will provide online fund transfer services such as Immediate Payment Service (IMPS), Unified Payments Interface (UPI) and National Electronic Fund Transfer (NEFT) without any charge.

India Post Payments Bank will charge a fee if the transaction happens at a branch or as part of doorstep banking—NEFT will cost Rs2.5-5, while IMPS transactions will cost Rs5. If you do it using mobile banking, NEFT is free but you have to pay Rs4 per transaction for IMPS.

Airtel Payments Bank charges 0.5% of the transferred amount if you transfer funds from Airtel Payments Bank to another bank account through internet banking, mobile app or Unstructured Supplementary Service Data (USSD). Within the bank, fund transfer is free of cost.

Paytm didn’t respond to the email sent by Mint and all information has been taken from public disclosures made by Paytm Payments Bank.

What happens to the money in your e-wallet?

If you are a Paytm e-wallet customer, what will happen to the money in the e-wallet? Here is what you should know:

E-wallet

Your Paytm wallet will move to Paytm Payments Bank Ltd, that is, from One97 Communication Ltd to Paytm Payments Bank Ltd. This is just a transfer of ownership. There is no impact on your cash flow or the mode of accepting payments. Hence, if you have a balance of Rs1,000 in your current Paytm wallet, the same will reflect in your new Paytm Payments Bank wallet. This also means you will not earn interest on the money in the e-wallet.

Bank account

You have to option to open a savings or a current account. If you convert the e-wallet into a savings account, you can earn interest of 4% on the deposits. It is not mandatory to open an account with Paytm Payments Bank to use the wallet. If you want to open an account with Paytm Payments Bank, you will have to mandatorily comply with the KYC norms, which involve documents such as Aadhaar and Permanent Account Number. For this process, you need to visit a banking point or book an appointment online.