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AICPIN for the month of January 2013

By
igeadmin
-

Consumer Price Index for Industrial Workers (CPI-IW) – January, 2013

The All-India CPI-IW for January, 2013 rose by 2 points and pegged at 221 (two hundred and twenty one). On 1-month percentage change, it increased by 0.91 per cent between December and January compared with 0.51 per cent between the same two months a year ago.

The largest upward contribution to the change in current index came from Housing Group which increased by 3.53 per cent, contributing 1.28 percentage points to the total change. This was followed by Miscellaneous and Food groups with 0.74 and 0.26 per cent increase respectively contributing 0.32 and 0.28 percentage points to the change. At item level, largest upward pressure came from Rice, Wheat & Wheat Atta, Groundnut Oil, Eggs (Hen), Fish Fresh, Goat Meat, Poultry (Chicken), Onion, Tea (Readymade), Firewood, Auto Rickshaw Charges, Bus Fare, Rail Fare, etc. However, this was compensated by Arhar Dal, Potato, Tomato, Other Green Vegetables, Sugar, Electricity Charges and Flower/Flower Garlands by putting downward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 11.62 per cent for January, 2013 as compated to 11.17 per cent for the previous month and 5.32 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 14.08 per cent against 13.53 per cent of the previous month and 0.49 per cent during the corresponding month of the previous year.

At centre level, Durgapur recorded the largest increase of 18 points followed by Jharia (10 points), Godavarikhani (9 points), Goa and Surat (8 points each), and Chandigarh (6 points). Among others, 5 point rise was registered in 3 centres, 4 points in 6 centre, 3 points in 12 centres, 2 points in 13 centres and 1 point in 11 centres. On the contrary. Labac-Silchar and Mariani-Jorhat centres reported a decline of 2 points each. The indices of Jalandhar, Rourkela, Sholapur and Kolkata were also declined by 1 point each. Rest of the 21 centres’ indices remained stationary.

The indices of 39 centres are above All-India Index and other 38 centres’ indices are below national average. The index of Mysore centre was at par with all-India index.

The next index of CPI-IW for the month of February, 2013 will be released on Thursday, 28 March, 2013. The same will also be available on the office website www.labourbureau.nic.in.

Budget 2013-14 – Additional Deduction of Interest upto Rs.1 Lakh on Home Loan for First Home Buyer

By
igeadmin
-

The Finance Bill 2013-14 proposes additional tax benefit to the first – home buyer who takes a loan for an amount not exceeding Rs.25 lakh. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram proposed that a person taking a loan for his first home from a bank or a housing finance corporation upto Rs.25 lakh during the period 1.4.2013 to 31.3.2014 will be entitled to an additional deduction of interest of Rs.1 lakh.

The Finance Minister hoped that this will promote home-ownership and give a filip to a number of industries like steel, cement, brick, wood, glass etc besides jobs to thousands of construction workers.

This deduction will be over and above the deduction of Rs.1.50 lakh allowed for self-occupied properties under Section 24 of the Income Tax Act. If the limit is not exhausted, the balance may be claimed in AY 2015-16.

-PIB

Budget 2013-14 – Highlights of the Budget

By
igeadmin
-

The Union Budget for 2013-14 aims at higher growth rate leading to inclusive and sustainable development as ‘mool mantra’.

· Finance Minister makes three promises: to women, youth and the poor.
· Nirbhaya Fund to empower women and to keep them safe and secure.
· Proposal to set up India’s first Women’s Bank as a public sector bank.
· Rs. 1,000 crore for skill development of ten lakh youth to enhance their employability and productivity.
· Direct Benefit Transfer (DBT) Scheme to be rolled out throughout the country during the term of UPA Government.
· Fiscal Deficit for 2013-14 is pegged at 4.8 percent of GDP. The Revenue Deficit will be 3.3 percent for the same period.
· Plan Expenditure placed at Rs. 5,55,322 crore. It is 33.3 percent of the total expenditure while Non Plan Expenditure is estimated at Rs. 11,09,975 crore. The plan expenditure in 2013-14 will be 29.4 percent more than the RE of the current year i.e. 2012-13.
· Substantial rise in allocation to the social sector. Allocation for Rural Development Ministry raised by 46 percent to Rs. 80,194 crore.
· The target for farm credit for 2013-14 has been set at Rs. 7,00,000 crore against Rs. 5,75,000 crore during the current year.
· Rs. 10,000 crore earmarked for National Food Security towards the incremental cost.
· Education gets Rs. 65,867 crore, an increase of 17 percent over RE for 2012-13.
· ICDS gets Rs. 17,700 crore. This is 11.7 percent more than the current year.
· Drinking water and sanitation will receive Rs. 15,260 crore. Rs. 1,400 crore is being provided for setting up water purification plants to cover arsenic and fluoride affected rural areas.
· Health and Family Welfare Ministry has been allotted Rs. 37,330 crore. National Health Mission will get Rs. 21,239 crore which represents 24.3 percent over the RE.
· The Jawaharlal Nehru National Urban Renewal Mission (JNNURM) will receive Rs. 14,873 crore as against RE of Rs. 7,383 crore in the current year.
· Defence has been allocated Rs. 2,03,672 crore.
· Rs. 3,511 crore have been earmarked to Minority Affairs Ministry, 60 percent higher than RE for 2012-13.
· The Government will encourage Infrastructure Debt Fund (IDF) and allow some institutions to raise tax free bonds upto Rs. 50,000 crore which is 100 percent more than the current year.
· India Infrastructure Finance Corporation (IIFC), in partnership with ADB will help infrastructure companies to access bond market to tap long term funds.
· Income limit under Rajiv Gandhi Equity Savings Scheme (RGESS) will be raised from Rs. 10 lakh to Rs. 12 lakh.
· First home loan from a bank or housing finance corporation upto Rs. 25 lakh entitled to additional deduction of interest upto Rs. 1 lakh.
· Proposal to launch Inflation Indexed Bonds or Inflation Indexed National Security Certificates to protect savings from inflation.
· On oil and gas exploration policy, the Budget proposes to move from the present profit sharing mechanism to revenue sharing. Natural gas pricing policy will be reviewed.
· On coal, the Budget proposes adoption of a policy of pooled pricing.
· Benefits or preferences enjoyed by MSME to continue upto three years after they grow out of this category.
· Refinancing capacity of SIDBI raised to Rs. 10,000 crore.
· Technology Upgradation Fund Scheme (TUFS) for textile to continue in 12th Plan with an investment target of Rs. 1,51,000 crore.
· Rs. 14,000 crore will be provided to public sector banks for capital infusion in 2013-14.
· A grant of Rs. 100 crore each has been made to 4 institutions of excellence including Aligarh Muslim University, Banaras Hindu University, Tata Institute of Social Sciences, Guwahati and Indian National Trust for Art and Cultural Heritage (INTACH).
· New taxes to yield Rs. 18,000 crore.
· A surcharge of 10 percent on persons (other than companies) whose taxable income exceeds Rs.1 crore have been levied.
· Tobacco products, SUVs and Mobile Phones to cost more.
· Relief of Rs. 2000 for the tax payers in the first bracket of 2 to 5 lakhs.
· ‘Voluntary Compliance Encouragement Scheme’ launched for recovering service tax dues.
· Rs. 9,000 crore earmarked as the first installment of balance of CST compensations to different States/UTs.

Fund Allocation for Rly Staff Quarters Enhanced by 50 %

By
igeadmin
-

The Minister of Railways Shri Pawan Kumar Bansal has announced enhancement of the fund allocation under Railways staff quarters by 50% over the previous year to provide Rs 300 crore. While presenting the Railways Budget for 2013-14 in Parliament today he said that construction of staff quarters has been hampered by funding constraints. Encouraged by the success of Ministry of Urban Development in constructing staff quarters through PPP mode, his Ministry proposes to adopt the same in the Railways.

He announced the provision of hostel facilities for single women railway employees at all Divisional headquarters.

He further announced that condition of barracks would be improved to provide better living condition to the RPF personnel.

-PIB

Highlights of Railway Budget 2013-14

By
igeadmin
-

Highlights of Railway Budget 2013-14 

  • 67 new Express trains to be introduced
  • 26 new passenger services, 8 DEMU services and 5 MEMU services to be introduced
  • Run of 57 trains to be extended
  • Frequency of 24 trains to be increased
  • First AC EMU rake to be introduced  on Mumbai suburban network in 2013-14
  • 72 additional services to be introduced in Mumbai and 18 in Kolkata
  • Rake length increased from 9 cars to 12 cars for 80 services in Kolkata and 30 services in Chennai
  • 500 km new lines, 750 km doubling, 450 km gauge conversion targeted in 2013-14

 

  • First ever rail link to connect Arunachal Pradesh
  • Some Railway related activities to come under MGNREGA
  • For the first time 347 ongoing projects identified as priority projects with the committed funding

 

  • Highest ever plan outlay of Rs. 63,363 crore
  • Loan of Rs. 3000 crore repaid fully.
  • A new fund-Debt Service Fund set up to meet committed liabilities.
  • Freight loading of 1047 MT, 40 MT more than 2012-13
  • Passenger growth 5.2% in 2013-14
  • Gross Traffic Receipts – Rs. 1,43,742 crore i.e. an increase of 18,062 crore over RE, 2012-13
  • Dividend payment estimated at Rs. 6,249 crore
  • Operating Ratio to be 87.8% in 2013-14

 

  • Supplementary charges for super fast trains, reservation fee, clerkage charge, cancellation charge and tatkal charge marginally increased
  • Fuel Adjustment Component linked revision for freight tariff to be implemented from 1st April 2013
  • Enhanced reservation fee abolished
  • Elimination of 10797 Level Crossings (LC) during the 12th Plan and no addition of new LCs henceforth
  • Introduction of 160/200 kmph Self Propelled Accident Relief Trains
  • ‘Aadhar’ to be used for various passenger and staff related services
  • Internet ticketing from 0030 hours to 2330 hours
  • E-ticketing through mobile phones
  • Project of SMS alerts to passengers providing updates on reservation status
  • Next –Gen e-ticketing system to be rolled out : capable of handling 7200 tickets per minute against 2000 now, 1.20 lakh users simultaneously against 40,000 now
  • Introduction of executive lounge at 7 more stations: Bilaspur, Visakhapatnam, Patna, Nagpur, Agra, Jaipur and Bengaluru
  • Introduction of ‘Azadi Express’ to connect places associated with freedom movement
  • Four companies of women RPF personnel set up and another 8 to be set up to strengthen the security of rain passengers, especially women passengers
  • 10% RPF vacancies being reserved for women
  • 1.52 lakh vacancies being filled up this year out of which 47000 vacancies have been earmarked for weaker sections and physically challenged
  • Railways to impart skills to the youth in railway related trades in 25 locations
  • Provision of portable fire extinguishers in Guard-cum-Brake Vans, AC Coaches and Pantry Cars in all trains
  • Pilot project on select trains to facilitate passengers to contact on board staff through SMS/phone call/e-mail for coach cleanliness and real time feedback
  • Provision of announcement facility and electronic display boards in trains
  • Providing free Wi-Fi facilities on several trains
  • Upgrading 60 stations as Adarsh Stations in addition to 980 already selected
  • Introduction of an ‘Anubhuti’ coach in select trains to provide excellent ambience and latest facilities and services
  • 179 escalators and 400 lifts at A-1 and other major stations to be installed facilitating elderly and differently-abled
  • Affixing Braille stickers with layout of coaches including toilets, provision of wheel chairs and battery operated vehicles at more stations and making coaches wheel-chair friendly
  • Centralized Catering Services Monitoring Cell set up with a toll free number (1800 111 321)
  • Complimentary card passes to recipients of Rajiv Gandhi Khel Ratna & Dhyan Chand Awards to be valid for travel by 1st Class/2nd AC
  • Complimentary card passes to Olympic Medalists and Dronacharya Awardees for travel in Rajdhani/Shatabadi Trains
  • Travel by Duronoto Trains permitted on all card passes issued to sportspersons having facility of travel by Rajdhani/Shatabadi Trains
  • Facility of complimentary card passes valid in 1st class/2nd AC extended to parents of posthumous unmarried awardees of Mahavir Chakra, Vir Chakra, Kirti Chakra, Shaurya Chakra, President’s Police Medal for Gallantry and policy medal for Gallantry
  • Policy Gallantry awardees to be granted one complimentary pass every year for travel along with one companion in 2nd AC in Rajdhani/Shatabadi Trains
  • Passes for freedom fighters to be renewed once in three years instead of every year.
  • Setting up of six more Rail Neer bottling plants at Vijayawada, Nagpur, Lalitpur, Bilaspur, Jaipur and Ahmedabad
  • Setting up of a multi-disciplinary training institute at Nagpur for training in rail related electronics technologies
  • Setting up of a centralized training institute at Secunderabad–Indian Railways Institute of Financial Management
  • Five fellowships in national universities to be instituted to motivate students to study and undertake research on Railway related issues at M.Phil and Ph.D. levels
  • Fund allocation for staff quarters enhanced to Rs. 300 crore
  • Provision of hostel facilities for single women railway employees at all divisional headquarters
  • Provision of water closets and air conditioners in the locomotive cabs to avoid stress being faced by loco pilots

 

Railway Budget 2013-14 – Railways to get ‘next generation’ e-ticketing system

By
igeadmin
-

Indian Railways will introduce by the end of this year a “next generation” e-ticketing system that will improve the speed of online ticket booking, railway minister Pawan Kumar Bansal said on Tuesday.

The new system will have the capacity to book 7,200 tickets a minute as against the current capacity of 2,000, Bansal said while presenting the railway budget in the Lok Sabha.

Bansal pointed out that congestion at the IRCTC web site caused a lot of problem for passengers.

“The next generation ticketing system will significantly improve the situation,” he added.

Railway Budget 2013-4 – Railways created 4 companies of RPF personnel for women

By
igeadmin
-

Indian railways is concerned about the safety of women passengers, and has created 4 companies of women RPF personnel for their safety, Railway Minister Pawan Kumar Bansal said.

Ladies coaches in metros are being accompanied by women RPF personnel, he added.

There has been a reduction in the number of train accidents, even though passenger and freight volumes have increased, Bansal said in his maiden Railway Budget speech.

Indian Railways face mounting scarcity of resources, he added.

“Howsoever high a flight may be, we must remain connected to the ground,” he said.

Pawan Kumar bansal started his speech with the usual homage to Congress leaders. He is the first Congress Railway Minister in nearly 17 years and expectations are high from his Rail Budget speech.

Bansal had in January hiked railway fares across the board for the first time in a decade. The decision had met with widespread political criticism.

-ET

Railway Budget 2013-14 – Employees’ training institute at Secunderabad

By
igeadmin
-

Indian Railways will set up an employees’ training institute at Secunderabad and strive to fill 1.52 lakh vacancies this year, to add to the “family” of 14 lakh railway employees, Pawan Kumar Bansal announced.

Other key points in his maiden Railway Budget were —

Arunachal Pradesh has been brought into the railway network for the first time.

Indian Railways is aware of the problems of the IRCTC website, and will create a next generation e-ticketing system by end of this year, Bansal said.

Aadhar can be helpful for Railways in many respect, from booking tickets to tracking pension of rail employees.

Indian Railways will run a special luxury coach with the best of ameneties, named ‘Anubhuti’, with select trains.

Railways is concerned about the safety of women passengers, and has created 4 companies of women RPF personnel for their safety, Bansal said.

Ladies coaches in metros are being accompanied by women RPF personnel.

There has been a reduction in the number of train accidents, even though passenger and freight volumes have increased, Bansal said in his maiden Railway Budget speech.

Indian Railways face mounting scarcity of resources.

“Howsoever high a flight may be, we must remain connected to the ground,” he said.

Pawan Kumar bansal started his speech with the usual homage to Congress leaders. He is the first Congress Railway Minister in nearly 17 years and expectations are high from his Rail Budget speech.

Bansal had in January hiked railway fares across the board for the first time in a decade. The decision had met with widespread political criticism.

-Economic Times

EPFO to pay 8.5% interest on PF deposits for 2012-13

By
igeadmin
-

The retirement savings accumulated in your employees’ provident fund (EPF) account would fetch a return of 8.5% in 2012-13, labour and employment minister Mallikarjun Kharge announced on Monday at a meeting of the board of trustees of the EPF organisation.

The trustees also agreed to free up the moribund norms followed for EPF investments, though stock market investments continued to get a thumbs-down.

The decision to pay 8.5% offers minor relief to Rs 8.15 crore formal sector employees, whose EPF savings got only 8.25% in 2011-12. But it also marks the second year in a row that EPF returns are less attractive than small savings instruments like the public provident fund (PPF) and National Savings Certificates.

EPFO had proposed to pay 8.5% as a ‘feasible’ return this year based on its income and liability estimates. By contrast, PPF savings have been earning 8.8%, while 5-year and 10-year national savings certificates offer a return of 8.6% and 8.9%, respectively, since April 1, 2012.

An audit of the EPFO’s accounts for the previous year had revealed that the EPF scheme began 2012-13 with a negative balance of Rs 1336 crore because it ended up paying its members more than it had earned in 2011-12.

If it had started the year on a clean slate, the EPF rate for 2012-13 could have been 9%. The audit has warned that this negative balance could grow further and lower the EPF rate for 2013-14 as well.

To boost the EPF scheme’s income, the board gave a green signal to invest in bonds of private sector firms with a net worth of at least Rs 3,000 crore and a five-year track record of paying 15% or more dividend. EPFO’s fund managers have been urging the board’s finance committee to route a small portion of its corpus to Dalal Street and liberalise some of its stringent conditions.

EPFO currently follows an investment pattern notified by the finance ministry in 2003. Though the finance ministry allowed provident funds to invest upto 5% in equities in a fresh pattern applicable since 2005, the PF board had rejected the revised norms in entirety citing its discomfort with equity investments.

– Economic Times

The All India Services (PAR) Rules, 2007 – Revised proforma for annual health check-up of IAS Officers and revised rates thereof

By
igeadmin
-

DOPT Order 2013

F.No. 11059/03/2012-AIS-III
Government of India
Ministry of Personnel, PG & Pensions
Department of Personnel & Training

North Block, New Delhi
Dated:20th February, 2013

To

All Ministries/Departments of Govt. of India

Subject: The All India Services (PAR) Rules, 2007 – Revised proforma for annual health check-up of IAS Officers and revised rates thereof.

Sir,

I am directed to state that this Department vide notification of even number dated 19th February, 2013 have notified revised proforma for annual health check-up of IAS Officers. Copy of the revised proforma for annual health check-up is enclosed.

2.It is also informed that Ministry of Health & Family Welfare has approved the revised rates for health check-up, i.e. Rs. 2000/- for men and Rs. 2200/- for women in respect of AIS Officers at par with Group ‘A’ officers of CCS.

3.It is further informed that only part “C” of the Annual Health Check-up is required to be attached in the PAR of Member of Service.

4. The content of this letter may be brought to the notice of all the members of the All India Services.

Encl:As above

Yours faithfully,

(Deepti thnashankar)
Director (Services)

Original Link :

http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02ser/11059_03_2012-AIS-III-20022013.pdf

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