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Showing posts with label General News. Show all posts

January 11, 2019
The Right to Disconnect Bill mandates companies to detail out-of-work demands “as a way to reduce stress and ease tension between an employee’s personal and professional life,” Sule said.


NCP leader Supriya Sule’s statement also draws upon research highlighting a dip in productivity after 50-hour work weeks and effects on sleep due to office calls after 9 pm. (Express Photo: Ganesh Shirsekar)

NCP MP Supriya Sule has introduced a Private Member’s Bill in the Lok Sabha to give employees the right to not respond to communication from employers outside of office hours.

The Right to Disconnect Bill mandates companies to detail out-of-work demands “as a way to reduce stress and ease tension between an employee’s personal and professional life,” Sule said.

Similar provisions have been implemented via the French Supreme Court, introduced in New York, and discussed in Germany.

An Employee Welfare Authority will be set up, including IT, Communication and Labour ministers, under the Bill which was introduced on December 28. Besides publishing a study regarding the impact of digital tools beyond work hours and yearly reports, the authority is required to outline a charter outlining employee-employer negotiations.

Companies with more than 10 employees would periodically negotiate specific terms with their workers, publish their own charter, and create an Employee Welfare Committee consisting of representatives of the company’s workforce, the Bill states.

The Private Member’s Bill forbids disciplinary action if an employee does not reply to employers’ attempts to contact outside of the established conditions. If the employee works outside of the agreed-upon conditions, he or she is entitled to overtime, according to the Bill.

In addition, the government would have to provide employee counseling, digital detox centers, and similar resources “to free an employee from digital distractions and enable him to truly connect with the people around him”.

Non-adherence would lead to penalties of one per cent of the total employee renumeration

“Studies have found that if an employee is expected to be available round the clock, they tend to exhibit risks of over-work like sleep deprivation, developing stress and being emotionally exhausted,” Sule wrote to The Indian Express. “This persistent urge to respond to calls and e-mails (termed as ‘telepressure’), constant checking of e-mails throughout the day, and even on weekends and holidays, is reported to have destroyed work-life balance of employees.”

Sule’s statement also draws upon research highlighting a dip in productivity after 50-hour work weeks and effects on sleep due to office calls after 9 pm.

November 27, 2018 ,
Now you can produce e-copy of driving licence, RC for verification

HIGHLIGHTS :
  •     Citizens can now produce e-copies of their driving licences and registration documents
  •     Lakhs of commuters have welcomed the government's move
  •     Vehicle owners can store electronic copies of licences on apps such as Digilocker
Vehicle owners will no longer need to carry physical copies of driving licence (DL) and registration certificate (RC) as the government has officially amended a rule allowing citizens to carry electronic copies of these documents.
The Union Ministry of Road Transport and Highways said the new provision has been amended under Section 139 of Central Motor Vehicles Act, 1989, allowing vehicle owners across the country to use electronic versions of their driving licence and registration certificate.
With the fresh provision in place, vehicle owners will now be able to store their driving licenses digitally on their smartphones or on applications like Digilockera digital locker operated by the central for storing official documents.
As per the amended provision, the citizen can produce the transport related documents such as registration, insurance, fitness and permit, the driving licence, certificate for pollution under check and any other relevant documents, if required, in physical or electronic form of on demand by any police officer in uniform or any other officer authorized by the state government in this behalf, read the notification.
The fresh notification is aimed at enabling the use of digital platforms for carrying essential documents such as driving licences and registration certificates while travelling. It is also aimed at notifying enforcement officers who may not be aware of the new provision.
In view of the above, it is requested to ensure compliance of the amendments made to rule 139 of the Central Motor Vehicles Rules, 1989 and make the enforcement officers aware of the new provisions so that citizen are not harassed/ inconvenienced, the notification said.
Earlier, the government's draft notification allowing e-verification was cheered by lakhs of commuters, who at one point in their life, were penalised for not carrying physical copies of vehicle-related documents.

November 24, 2017


Press Information Bureau
Government of India
Ministry of Finance
23-November-2017 20:20 IST
No Proposal Under Consideration to Withdraw Bank Chequebook Facility
In a section of the media, it has appeared that there is a possibility that the Central Government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions. It is denied that there is any proposal under consideration of the Government to withdraw bank cheque book facility. 

In this regard, it is emphasized that while the Government is committed to transform India into a less cash economy and promote digital and electronic transactions through multi-pronged initiatives, cheques are an integral part of the payments landscape, and form the backbone of trade and commerce, by being negotiable instruments, which often serve as the security for underlying trade transactions. 
In fact, the Union Finance Minister, in the Budget Speech 2017-18, had announced, “As we move faster on the path of digital transactions and cheque payments, we need to ensure that the payees of dishonoured cheques are able to realise the payments. Government is therefore considering the option of amending the Negotiable Instruments Act suitably.”

November 09, 2017


New Delhi, Nov 8 (PTI) Regulator Irdai today said linkage of the unique identity number Aadhaar with insurance policies is mandatory and asked insurers to comply with the statutory norms.

"The Authority clarifies that, linkage of Aadhaar number to Insurance Policies is mandatory under the Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017," the Insurance Regulatory and Development Authority (Irdai) said.

The government in June had notified the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017 making Aaadhar and PAN/Form 60 mandatory for availing financial services including insurance and also for linking the existing policies with the same.

In a communication to all life and general insurance companies, Irdai said the rules have "statutory force" and as such they have to implement them without awaiting further instructions.

Commenting on the communication, MD and CEO of ICICI Lombard Bhargav Dasgupta said it is a progressive and logical step towards creating a unified platform for financial services and at the same time promote the government's digitisation agenda.

"While there may be some short term challenges to overcome, we see significant long term benefits in terms of preventing frauds and streamlining the KYC process," he said.

There are 24 life insurance companies and 33 general insurers (including standalone health insurers) operating in the country.

March 05, 2017 ,
The Centre is likely to announce a hike of 2-4% in dearness allowance for its about 50 lakh employees and 58 lakh pensioners later this month. Dearness allowance and dearness relief are provided to employees and pensioners to neutralise the impact of inflation on their earnings. The labour unions, however, are not happy with the proposed hike saying it would not be able to offset the real impact of price rise.

"The dearness allowance as per the agreed formula by the Centre works out to be 2% which would be effected from January 1, 2017," Confederation of Central Government Employees' President K K N Kutty told PTI. However, Kutty expressed dissatisfaction over such a "meagre" hike saying that the consumer price index for industrial workers (CPI-IW) which is an agreed benchmark for increasing dearness allowance is far from reality.

He said that there is difference between the quantum of price rise of commodities ascertained by the Labour Bureau and the Ministry of Agriculture. CPI-IW is an imaginary number due to poor quality of data collection by Labour Bureau and it is far from reality, he claimed. The average CPI-IW to be taken into account for raising DA is 4.95% from January 1 to December 31, 2017. Since the government has already hiked the dearness allowance by 2% in October last year from July 1, 2016, it will now raise it further by 2%.

As per an agreed upon formula, the Centre hikes the allowance taking 12-month average of retail inflation. The government does not consider the price rise rate beyond a decimal point for deciding the rate of the dearness allowance. Therefore, despite the fact that the hike works out to be 2.95%, the government will ignore the rate of price rise beyond decimal point and increase the DA by 2%. The dearness allowance is paid as proportion of the basic pay of the central government employees.

Kutty said that the federation in the next meeting of the national council would make a case for considering the fractions while fixing DA. The national council is an apex forum functioning under the Department of Personnel and Training where unionists and senior official discuss issues concerning central employees. Earlier last year, the government hiked DA by 6% to 125% of basic pay. The DA was later merged into the basic pay following the implementation of the 7th Pay Commission award. At present the Central government employees and pensioners are entitled to 2% dearness allowance, which was effected from July 1, 2016.

Source : The Times of India

March 04, 2017


NEW DELHI: Making it compulsory for account-holders to maintain a minimum balance, the State Bank of India (SBI) said on Thursday said it will be charging defaulters a penalty from April 1 onwards. 

Making maintenance of Rs 5,000 mandatory for accounts in metropolitan areas, Rs 3,000 in urban areas, Rs 2,000 in semi-urban areas and Rs 1,000 in rural areas, the SBI listed out the charges to be effective from April 1. 

These charges will be based on the difference between the minimum balance required and the shortfall. For metropolitan areas, if the shortfall is greater than 75 per cent. the charges would be Rs 100 plus service tax. 

If the shortfall is between 50-75 per cent, the bank would charge Rs 75 plus service tax and for below 50 per cent shortfall, a fee of Rs 50 plus service tax would be levied, according to the SBI notification of new charges. 

Similarly, for rural areas, the penalty for non-maintenance of minimum balance ranges from Rs 20-50 plus service tax, it said. 

The public sector lender would also renew from April 1, the Rs 50 charge for people carrying out over three cash transactions at its branch within a month. This charge is applicable currently as well. However, there is no upper limit on the amount of cash transacted. 

"These cash transaction charges at branches are already existing. The same have been renewed for the next financial year from April 1. It is to deter the customers from visiting the branch but the charges are very nominal. As it is, the customer does not need to visit the branch often because we provide 10 free withdrawals in a month from ATMs," a SBI official told IANS.

Source : http://economictimes.indiatimes.com

February 08, 2017
PTI | Updated: Feb 6, 2017
NEW DELHI: The finance ministry has warned employees of disciplinary action if they criticize the government or its policies. 

The directive assumes significance as associations representing employees of Central Board of Excise and Customs (CBEC) are protesting against certain decisions taken by the GST Council led by finance minister Arun Jaitley on Goods and Services Tax. 

"Instructions have been issued in the past wherein it has been impressed upon all concerned to refrain from commenting adversely on the government and its policies," the ministry said in a recent order. 

It said failing to comply with its instructions "may lead to appropriate action (including disciplinary action)". 

The instructions cite service rules that bar any government servant from making any adverse criticism of any policy or action of the government.

"No government servant shall, in any radio broadcast, telecast through any electronic media or in any document published in his own name or anonymously, pseudonymously or in the name of any other person or in any communication to the press or in any public utterance, make any statement of fact or opinion which has the effect of an adverse criticism of any current or recent policy or action of the central government or state government," reads the service rules.

Certain members of Indian Revenue Service (Customs and Central Excise), All India Association of Central Excise Gazetted Executive Officers, All India Central Excise Inspectors' Association and All India Central Excise and Service Tax Ministerial Officers Association had recently participated in a symbolic protest to oppose some decisions taken by the GST Council.

When contacted, President of IRS (Customs and Central Excise) officers association, Anup Srivastava, said their members are not adversely commenting on the state's policies by any way.

Source : http://timesofindia.indiatimes.com

February 08, 2017 ,
Press Information Bureau
Government of India
Ministry of Finance
07-February-2017 16:34 IST

Declaration of Black Money by Tax Payers
There is no official estimation of percentage of black money held in India in cash.

In the last financial year (2015-16) 648 disclosures involving undisclosed foreign assets worth Rs.4164 crore were made in the one-time three months’ compliance window ending 30th September 2015, under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The amount collected by way of tax and penalty in such cases was about Rs.2476 crore.

The Government has taken several measures to effectively tackle the issue of black money, particularly black money stashed away abroad. Such measures include policy-level initiatives, effective enforcement actions on the ground, putting in place robust legislative and administrative frameworks, systems and processes with due focus on capacity building and integration and mining of information through increasing use of information technology. Recent major initiatives in this regard include:

(i) Constitution of the Special Investigation Team (SIT) on Black Money under Chairmanship and Vice-Chairmanship of two former Judges of Hon’ble Supreme Court,

(ii) Constitution of Multi-Agency Group (MAG) consisting of officers of Central Board of Direct Taxes (CBDT), Reserve Bank of India (RBI), Enforcement Directorate (ED) and Financial Intelligence Unit (FIU) for investigation of recent revelations in Panama paper leaks,

(iii) Proactive engagement with foreign governments to facilitate and enhance the exchange of information under Double Taxation Avoidance Agreements (DTAAs)/Tax Information Exchange Agreements (TIEAs)/Multilateral Conventions and furthering global efforts to combat tax evasion/black money, inter alia, by joining the Multilateral Competent Authority Agreement in respect of Automatic Exchange of Information (AEOI) and having information sharing arrangement with USA under its Foreign Account Tax Compliance Act (FATCA),

(iv) Enactment of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015’ to specifically and more effectively deal with the issue of black money stashed away abroad,

(v) Enabling attachment and confiscation of property equivalent in value held within the country where the property/proceeds of crime is taken or held outside the country by amending the Prevention of Money-laundering Act, 2002 through the Finance Act, 2015,

(vi) According high priority to the cases involving black money stashed away abroad for investigation and other follow-up actions including prosecutions in appropriate cases.

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.

January 30, 2017
Philately Bureau to get a makeover soon

CHENNAI: January 29, 2017

Visitors to the Electric Theatre, a heritage structure that now houses the Philately Bureau, will soon enjoy the art of stamp collection better as the Department of Posts has recently converted the space with audiovisual equipment.

Located on the premises of Anna Road Head Post Office, the Philately Bureau is a popular venue for several exhibitions and also space for customers to access ‘My Stamps’ facility. Officials of the Postal Department said the audiovisual room will regularly screen documentaries and movies related to post offices and philately during exhibitions. This initiative will also help educating school children about the history of the Postal Department and encourage them to take up philately as a hobby.

PERMANENT EXHIBITION

Moreover, a permanent philately exhibition will be set up in a portion of the hall in the Philately Bureau. The Department of Posts is also considering restoring the heritage structure with the help of Indian National Trust for Art and Cultural Heritage (INTACH). 

Citing historian S. Muthiah’s book on Madras Rediscovered, officials said that silent movies were screened in the Electric Theatre during 1913. The Posts and Telegraphs Department bought the theatre in 1915 and built the Mount Road post office and other buildings around it. 

In 1998, the building was developed into a philately bureau and comprised an exhibition hall.

A philatelic special cover has also been released to mark the restoration project of Electric Theatre. Mahesh Parekh of South India Philatelists Association welcomed the initiative as it would help spread information about the various features of philately. “A minimum of 15 philately exhibitions is held in the philately bureau every year. The audiovisual facility will help in creating more awareness about philately and postal service,” he said. 

Source : http://www.thehindu.com/

January 25, 2017 ,
Income Tax Rates FY 2016-17 (AY 2017-18) - Finmin Orders

CIRCULAR NO : 01/2017
F.No.275/192/2016-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North Block, New Delhi
Dated the 2nd January, 2017

SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2016-17 UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961.

Reference is invited to Circular No.20/2015 dated 02.12.2015 whereby the rates of deduction of income-tax from the payment of income under the head "Salaries" under Section 192 of the Income-tax Act, 1961 (hereinafter ‘the Act’), during the financial year 2015-16, were intimated. The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head "Salaries" during the financial year 2016-17 and explains certain related provisions of the Act and Income-tax Rules, 1962 (hereinafter the Rules). The relevant Acts, Rules, Forms and Notifications are available at the website of the Income Tax Department- www.incometaxindia.gov.in.

2. RATES OF INCOME-TAX AS PER FINANCE ACT, 2016:
As per the Finance Act, 2016, income-tax is required to be deducted under Section 192 of the Act from income chargeable under the head "Salaries" for the financial year 2016-17 (i.e. Assessment Year 2017-18) at the following rates:

2.1 Rates of tax
A. Normal Rates of tax:

B. Rates of tax for every individual, resident in India, who is of the age of sixty years or more but less than eighty years at any time during the financial year:

C. In case of every individual being a resident in India, who is of the age of eighty years or more at any time during the financial year:

January 18, 2017 , ,
No.25014/05/2016.AIS-II
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel & Training

North Block, New Delhi - 110001
Dated the 17 January, 2017

To
The Chief Secretaries of all the
State Governments and UTs.

Subject: Revision of Provisional pension sanctioned under Rule 69 of the CCS (Pension) Rules, 1972.

Sir,
I am directed to refer to the Department of Pension and Pensioner Welfare's OM No.38/6/2010-P&PW(A)(Pt.) dated 18th March, 2013 (copy enclosed) regarding "Revision of Provisional pension.".

2. The applicability of the provisions of the aforesaid OM regarding grant of Provisional Pension sanctioned under Rule 69 of the CCS (Pension) Rules, 1972 has been considered by this Department and it has been decided to make the provisions of the aforesaid Office Memorandum of Department of Pension and Pensioner Welfare regarding "Revision of Provisional Pension" applicable, mutatis-mutandis, to the All India Service Pensioners to whom provisional pension was sanctioned under Rule 6 of All India Service (Death-Cum-Retirement-Benefits) Rules, 1958.


Yours faithfully,
(Rajesh Kumar Yadav)
Under Secretary of Government of India
Authority: http://dopt.gov.in/

January 17, 2017

New Delhi: The Centre has extended indefinitely the deadline to file details of assets and liabilities by central government employees under a mandatory provision of Lokpal Act.

A new format and fresh set of rules are being finalised by the government in this regard. The last date for filing such details was December 31.

"There is no requirement for filing of declarations of assets and liabilities by public servants now. The government is in the process of finalising a fresh set of rules. The said rules will be notified in due course to prescribe the form, manner and timelines for filing of declaration of assets and liabilities by the public servants under the revised provision of the said (Lokpal) Act.

"All public servants will henceforth be required to file the declarations as may be prescribed by the fresh set of rules," an order issued by Department of Personnel and Training (DoPT) said.

 There are about 50.68 lakh central government employees.

As per rules, notified under the Lokpal Act, every public servant shall file declaration annually pertaining to his assets and liabilities as on March 31 every year or on or before July 31 of that year.

 For 2014, the last date for filing returns was September 15. It was first extended till December, then till April 30, 2015 and third extension was up to October 15. The date was again extended to April 15, 2016 and then July 31 for filing of the returns.

The last date was further extended till December 31 after Parliament had passed a bill to amend the Lokpal and Lokayuktas Act, 2013.

The declarations under the Lokpal law are in addition to similar ones filed by the employees under various services rules.

The DoPT had last year also issued an order bringing NGOs receiving more than Rs one crore in government grants and donations above Rs 10 lakh from abroad under the ambit of the Lokpal.

The order had mandated filing of returns of the assets and liabilities by such organisations and their executives - director, manager, secretary or any other officer.

PTI

January 16, 2017 ,
 
RBI/2016-17/213
DCM (Plg) No.2559/10.27.00/2016-17

January 16, 2017

The Chairman / Managing Director / Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks /
Regional Rural Banks / Urban Co-operative Banks /
State Co-operative Banks/District Central Co-operative Banks

Dear Sir,

Enhancement of withdrawal limits from ATMs and Current Accounts

Please refer to our circulars DCM (Plg) No. 1274, 1317, 1437 and 2142/10.27.00/2016-17 dated November 14, 21 and 28 and December 30, 2016, respectively, on the above subject.

2. On a review of limits placed on withdrawals from ATMs and current accounts, it has been decided to enhance the same, with immediate effect as under:

(i) The limit on withdrawals from ATMs has been enhanced from the current limit of ₹ 4,500/- to ₹ 10,000/- per day per card (It will be operative within the existing overall weekly limit).

(ii) The limit on withdrawal from current accounts has been enhanced from the current limit of ₹ 50,000/- per week to ₹ 1,00,000/- per week and it extends to overdraft and cash credit accounts also.

3. There are no changes in the other conditions. The relaxations as provided in our circular dated November 28, 2016 will continue.

4. Please acknowledge receipt.

Yours faithfully,

(P Vijaya Kumar)
Chief General Manager

January 16, 2017
Consequent to revision in the pay structure of Central Govt. employees, CGHS contribution is going to be enhanced from 01.01.2017 at the following rate :
Sr. No.
 Level in the Pay Matrix Contribution per month (Rs)
1 Level 1 to 5 250
2 Level 6 450
3 Level: 7 to 11 650
4 Level 12 and above
1000



Click here to view the O.M. for change in other entitlements.

January 13, 2017
In keeping with the times, the Department of Posts too will soon use PoS machines for cash transactions in select post offices across the State.



As of now, the Centre has sanctioned about 1,000 PoS machines to be distributed for post offices across the country. Of this, nearly 120 PoS machines for processing credit and debit cards payments will be provided to post offices across the State during first phase.

Several counter transactions, including booking of registered parcels, money orders and speed posts, are being carried out through cash. Last year, post offices made nearly 12,000 instant money order transactions in Tamil Nadu circle.

While States, including Gujarat and Kerala, are expected to begin using PoS machines in mid-January, measures are being taken to deliver equipment to other places. Officials of the postal department said that initially four post offices — Anna Road head office and General Post office, Rajaji Salai, Chennai and one each in Madurai and Tiruchi region — would be provided with PoS machines as a pilot project.

Postal customers welcomed the move as it would ease the burden of carrying cash after the demonetisation scheme.

Many customers like R. Meenakshi, a resident of Thiruvanmiyur, said booking parcels at post offices is often difficult as she has to pay cash.

“I sometimes even spend Rs.8,000 to send parcels abroad. If post offices can have swipe machines, I don’t have to wait at ATMs to withdraw cash,” she said.

The department has partnered with State Bank of India for operation of PoS machines. Customers who have postal saving banks accounts can also recharge and use SBI buddy, a mobile wallet application soon.

January 10, 2017 , ,
In order to move towards digitization of cash transactions at post offices for its Saving Bank Customers, Department of Posts (DoP) has approached the State Bank of India to provide customized services of State Bank Buddy wallet for branches of Post Offices. Cashiers/Postal Assistant at authorized Post Offices will accept two kinds of withdrawal forms from their Saving Bank customers. One for withdrawing cash and other for loading their Buddy wallet.

Draft of process flow is summarized below:
1. DoP would like to open wallets for their identified Post offices across India.

2. To begin with, DoP will start with 1000 Post Offices and then extend to larger no. of Post Offices. All these Post Offices will be provided with a smart phone, by the respective Divisional Heads/Chief Postmaster/Sr. Postmasters. These phones Will be the assets of the post Office concerned and Will be the deposited in the treasury at end of the day. At the beginning of the day the phone will be given to the SB Cashier handling the Buddy wallet.

3. State Bank Buddy wallet will be downloaded from Google play /Apple store and wallet account will be registered on these (Post Offices’ Official) Mobile Numbers.

4. Sansad Marg HO will be assigned as a nodal office for SBl buddy. DoP will share with SBl the list of mobile nos. to be used on Post Office counters. Against each mobile no. in the list, name & address of PO along with other details considered important for accounting and MIS.

5. SBI will prefund all 1000 post office e-wallet accounts with Rs.20,000 (each wallet to be topped up with Rs.20,000).
6. Cashiers/Postal Assistant at Post Offices will pay to their (PO) customers, through P2P facility (using “Send Money/Ask Money) against special withdrawal forms presented by the customers.

7. At 4.30 pm each day, Buddy Team at GITC will send MIS to NDMB (Sansad Marg) & Sansad Marg HO containing the amount consumed by each PO wallet during the day.

8. At the closure of Post Offices? customer dealing, 3:00 pm State Bank Buddy team will run a scheduled job and block all these wallets so that no further transactions can be made on that day.

9. Buddy team will generate Daily Transaction MIS of these wallets post office wise and share it with DoP

10. No PO wallet will be topped up during the day for increased requirement etc.

11. Buddy team will unblock these wallets in SOD (Start of Day) so that wallets will be operational for use.

1- Between Customer & Cashier/Postal Assistant

i. Customer should download buddy wallet from play store or apple store. Assistance may be required. The cashiers/Postal Assistant will be trained by SBI.
ii. Customer should use 'Ask Option" in Buddy giving mobile number of the Cashier.
iii. The statement of transactions on the wallet of the cashier can be made available by the Bank

At Post office
i. Debit SB account of customer
ii. Credit Wallet Account of customer

Reconciliation
The individual PO will download the Buddy report, check it against the transactions made and will
(A) Either confirm that the report tallied with the transactions done in the post offices, to the nodal office.


Buddy Wallet team (gmdigicomm@sbi.co.in) Sansad Marg HO will pay SBl Sansad Marg main branch at the end of the day as per demand raised by them. In the case of any dispute which is raised by post offices as per para B above, the adjustment would be made next day.

January 08, 2017 ,

Notice to customers 

PROVIDE PAN NUMBER TILL 28 FEB 2017 FOR YOUR POST OFFICE ACCOUNTS EXCEPT TD AND BASIC SAVING ACCOUNT 

OFFICIAL NOTIFICATION 
As per the Notification G.S.R. 14(E) Dated 06.01.2017 every person who has Bank account but has not furnished his PAN number to the bank at the time of opening of Bank account or subsequently is required to furnish PAN before 28.02.2017. Relevant Portion of Notification is reproduced as follow :-

In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 114B, after the third proviso, the following proviso shall be inserted namely,—

“Provided also that a person who has an account (other than a time deposit referred to at S.No.12 of the Table and a Basic Saving Bank Deposit Account) maintained with a banking company or a cooperative bank 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) and has not quoted his permanent account number or furnished Form No. 60 , as the case may be, at the time of opening of such account or subsequently, he shall furnish his permanent account number or Form No. 60 , as the case may be, to the person specified in clause (c) of sub-rule (1) of rule 114C on or before the 28th day of February, 2017.”

January 06, 2017
Exploring the world of philately


CHENNAI: JANUARY 06, 2017

EXPO HAS 450 STAMPS OF VARIOUS THEMES AND SUBJECTS IS A VISUAL TREAT FOR CHILDREN

In the age of e-mails, stamps may not be crucial for communication any more. But, they still hold a charm for stamp collectors. 

To introduce children to philately, which was considered king of hobbies, the Tamil Nadu Postal Circle is organising a four-day exhibition ‘Tanapex’ in Chennai after nearly two decades. 

Inaugurated at Amma Arangam in Shenoy Nagar on Thursday, the State-level exhibition has over 450 philately frames covering various themes such as flowers, freedom fighters and art and music. Each frame has a collection of stamps released during various years, but share the same theme. 

The exhibition, which also has several participants from South India Philatelists Association, also features several letters written by eminent personalities. A special cover on traditional silk sarees, picture postcards and pictorial cancellation of Muttom light house, Manappad light house and Arthanareeswarar temple were released during the inauguration. 

It’s not all about display of stamps alone. Children visiting the exhibition have a host of activities to be part of it — quiz contest, philately walk or philately hunt and design a stamp — all lined up till January 8. Cultural shows, magic show and drama by veteran theatre personality and comedian Crazy Mohan will also be organised. 

“We also encourage children to open philately account at a minimum cost of Rs.200. The exhibition also has 15 dealer booths to help visitors purchase stamps and rare items. A help desk has also been set up for new entrants who want to display their collection,” an official said. 

T. Murthy, member (Operations), Postal Services Board, Harmander Singh, principal secretary, Handlooms, Handicrafts, Textiles and Khadi department and Charles Lobo, Chief Postmaster General, TN Postal Circle were present. The exhibition will be open from 10 a.m. to 7 p.m. till January 8.
Source : http://www.thehindu.com
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