IMPORTANT DOCUMENTS.

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Tuesday, 31 October 2017

Application of 'own merit' rule for determining seniority of Superintendents in Zones under CBEC -reg.

Application of 'own merit' rule for determining seniority of Superintendents in Zones under CBEC -reg.click here
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Friday, 27 October 2017

The issue of National Pension System(NPS) is active consideration of the Government of India

Shiva Gopal Mishra
Secretary

National council (staff Side)
Joint Consultative Machinery for
Central Government Employees
13-C, Ferozshah Road, New Delhi-110001
E-Mail : nc.jcm.np@gmail.com

No.NC/JCM/2017

Dated: October 24, 2017

All Constituents of National Council(JCM)

Sub: Brief of the meeting held today with the Cabinet Secretary (Government of India)

Today I met the Cabinet Secretary(Government of India) and shown oru anguish for inordinate delay in finalzation of demands of the Central Government Employees, particularly National Pension System (NPS), Minimum Wage and Fitment Formula.

The Cabinet Secretary said that, he is aware of the problems of the Staff Side(JCM) raised by them from time to time and particularly to this issue and will definitely try to resolve them

Particularly on the issue of National Pension System(NPS) he said that the issue active consideration of the Government of India and we are trying to find out some solution to the problems arisen because of the NPS.

I also persuaded him to fix-up date of the meeting of the National Council(JCM), to which he said that, the agenda came, and some queries have been raised, which are still to be compiled by the DoP&T. He assured that, he will definitely fix-up the date of the meeting within a short period, and said that, before that, he will ask the Secretary(DoP&T) to hold meeting with the Staff Side.

I told to the Cabinet Secretary that, Central Government Employees are agitated because they feel that VII CPC has not done and justice with them and government is also ready to remove the issues pending before them.

This is for your information.

with Faternal Greetings!

Comradely yours,
sd/-
(Shiva Gopal Mishra)
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Wednesday, 25 October 2017

Allowance Committee had recommended 3 options for HRA in its Report. If Option-I was picked for implementation from these three Options, it would have been beneficial than existing Rates.

House Rent Allowance (HRA) (Para 8.7.3-16)

Existing Provisions: HRA is paid @30, 20 and 10 percent for X class (50 Lakh & above), Y class (5 to 50 lakh) and Z class (below 5 lakh) cities respectively.
At present, in the case of those drawing either NPA or MSP or both, HRA is being paid as a percentage of BP+NPA or BP+MSP or BP+NPA+MSP respectively.
Recommendations of 7th CPC: It has been retained and rationalized. After applying a multiplication factor of 0.8, the rates have been revised downwards to 24 percent, 16 percent and 8 percent of the Basic Pay for X, Y and Z class cities, respectively.
The rate of HRA will be revised to 27 percent, 18 percent and 9 percent when DA crosses 50 percent, and further revised to 30 percent, 20 percent and 10 percent when DA crosses 100 percent. Add-ons like NPA, MSP, etc. should not be included while working out HRA.
Demands:
I. National Council (Staff Side), JCM: HRA may be retained @30%, 20% and 10% for X, Y and Z cities respectively as the Commission has taken unreliable statistics to determine HRA, which has been reduced by a multiplication factor of 0.8 to 24%, 16% and 8% for X, Y and Z cities respectively.
II. CAG, Civil Aviation, M/o Health & FW, M/o HRD – D/o of Higher Education, MEA, Coal, DAE, DRDO, Dep. Of Space, CVC: Retain the allowance at the existing rates.
III. M/o of Law & Justice- D/o Justice: Cities having population of more than 1 crore may be granted HRA @ 30%.
Analysis and Recommendations of the Committee: The Committee has the following observations on the recommendations of the 7th CPC on HRA:
(I) HRA rates have been revised downwards by applying the multiplication factor of 0.8 applied by the 7th CPC on all percentage- based allowances. This was done to neutralise the significant increase in the Basic Pay. All fixed allowances have only been given an inflation indexed increase by the 7th CPC. While the 7th CPC has not explicitly stated how the multiplication factor of 0.8 has been arrived at anywhere in the Report, it may be seen that factoring in the expected Dearness Allowance of 125% on 01.01. 2016 would have yielded a multiplication factor of 0.875 which may have been rounded off to 0.8.
(II) On the 7th CPC recommendation that the rate of HRA will be revised to 27%, 18% and 9% when DA crosses 50 percent and further revised to 30%, 20% & 10% when DA crosses 100%, the Committee is of the view that given the inflation rates since January 2016 and the RBI policy on inflation, the DA rates might not go beyond 50% in the next 10 years.
(III) While the rents for residential accommodation have not gone up significantly in the recent past and might also have fallen in some areas, the HRA at the rates recommended by the 7th CPC at the lower levels might not continue to be adequate as per the prevailing market rent.
In view of these observations, the Committee has deliberated upon the following three options which separately, or in combination, can be suggested by way of modifications to the 7th CPC recommendations:
Option (i): Having regard to submissions made before it stating that towards the later part of the ten year period, HRA compensation falls considerably short of requirement, the 7th CPC has recommended that the rate of HRA will be revised to 27 percent, 18 percent and 9 percent when DA crosses 50 percent, and further revised to 30 percent, 20 percent and 10 percent when DA crosses 100 percent. However, considering the present inflation rate, the rate of increase of the Dearness Allowance and future inflation projections, it appears unlikely that DA rates will reach 100 % in the ten year period. Taking this into consideration, the Committee considered that the timing of the upward revisions in HRA rates proposed by the 7th CPC may be advanced as under:
House Rent Allowance option I
This would have no immediate financial implication and the 1st revision, as per the current trend of increase in DA, is expected to occur in July, 2018. Accordingly, additional annual financial implication in July, 2018 will be approximately ₹1850 crore. The additional financial implication in the second, third and fourth revision will also be approximately ₹1850 crore per annum.
Option (ii): Instead of advancing the full restoration of HRA rates, the Committee considered splitting the revisions proposed by 7th CPC as under:
HRA options by Allowance Committee

The financial implication would be similar as in Option (i) except that the timing of the revision would undergo a change.
Option (iii): It has been pointed out that at the recommended rates, HRA at the minimum level might not be sufficient. The minimum HRA calculated at the entry level of Level for X, Y and Z category cities at the rates recommended by the 7th CPC will be ₹4320, ₹2880 and ₹1440 respectively. The Committee considered recommending that the HRA at the rates recommended by the 7th CPC may be subject to a floor which may be fixed at ₹5400, ₹3600 and ₹1800 per month, calculated at 30%, 20% and 10% of the minimum pay for X, Y and Z category cities respectively. This will benefit employees in Levels 1, 2 and 3.
The additional financial implication is estimated to be ₹ 385.00 crore and around 7.70 lakh employees shall be benefited. After a detailed consideration of the above options, the Committee recommended that either only option (iii) or option (iii) in combination with option (ii) be accepted. A final decision in this regard may be taken by E-CoS.

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Monday, 23 October 2017

DEPARTMENT OF REVENUE.

1ST MEETING OF THE DEPARTMENTAL ANOMALY COMMITTEE TO SETTLE THE ANOMALIES ARISING OUT OF THE IMPLEMENTATION OF THE 7TH CPC RECOMMENDATIONS.

Click the Link to View

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20-10-2017 Creation of Service Tax Cell in the State of Tamil Nadu - Deputation of officials from the CBEC.(click below)

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Sunday, 22 October 2017

January 2018 DA hike likely to spring a surprise

January 2018 DA hike likely to spring a surprise

January 2018 DA hike likely to spring a surprise it seems when the AICPIN for July was released. The AICPIN for July 2017 increased to 5 points and pegged at 285.
The Total increase in 2015 is 15 Points. The Dearness Allowance Increase in that particular year was 6% hike from July 2015 and it took the rate of Dearness Allowance to 119% from July 2015. And again 6% hike from January 2016 increased the DA to 125 %. So the impact of total 15 Points increase in AICPIN for the year 2015 resulted total 12% hike in DA for the year 2015.
January 2018 DA
So far from the January 2017 Consumer Price Index Number 274, the AICPIN points increased 11 Points up to July 2017. So it can be expected that the Expected DA from January 2018 will spring a surprise in respect of hike in Dearness Allowance.
After the implementation of 7th CPC Recommendation, two instalments of DA have been declared. 2% from July 2016 and 2% from January 2017. Total 4% is paid as of now for Central Government Employees with total 6 points increase in AICPIN for the year 2016. The DA due for 1st July 2017 is 1% hike and it will be declared any time in this Month. But the July AICPIN is increased the expectation of Central Government Employees over the expected DA from January 2018.
It seems that 1-point increase in AICPIN every month from August 2017 to December 2017 will take the January DA to 7% with 2% hike. But 2point increase for each month will give 3% hike in the DA from January 2018 and the Total DA will be 8%

Click here to Calculate the Expected DA from January 2018

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CGHS WARD ENTITLEMENT AND MONTHLY SUBSCRIPTION IN 7TH CPC

CGHS WARD ENTITLEMENT AND MONTHLY SUBSCRIPTION IN 7TH CPC


(A)Ward Entitlement and CGHS Contribution Entitlement of wards in private hospitals empanelled under CGHS (Based on basic pay in pay band):

 S N  Ward Entitlement  Corresponding Basic pay drawn by the officer in 7th CPC per month
1 General Ward Upto Rs. 47,600/-
2 Semi Private Ward Rs. 47,601 to 63100/-
3 Private Ward Rs. 63101 and above
 (B) Revised Monthly Subscription for CGHS facility w.e.f. 1st January 2017

Corresponding levels in Pay Matrix as per 7th CPC Contribution per month
Level 1-5 Rs. 250
Level 6 Rs. 450
Level 7-11 Rs. 650
Level 12 and above Rs. 1000
Contribution to be made by the Pensioners/Family Pensioners would be the amount that they were subscribing at the time of their retirement or at the time of the death of government servant.

(C) Monetary Ceiling for Free Diet:

The monetary ceiling for free diet for CGHS beneficiaries is revised to pay/ pension / family pension of Rs. 44,900/- per month.

(D) Monetary ceiling for free diet for beneficiaries suffering from TB or Mental disease

The monetary ceiling for free diet in case of beneficiary suffering from TB or Mental diseaseis revised to pay/pension/family pension of Rs 69,700/-per month.

(E) Pay slab for determining the entitlement of Nursing Home facilities in Government / State Government / Municipal Hospitals

The monetary ceiling for determining the entitlement The monetary ceiling of nursing home facilities in Central Government / State Government / Municipal Hospitals is revised to pay / pension / family pension Rs. 47,600/- per month and above.

(F) Monetary Ceiling for direct consultation with Specialists in Central Government / State Government / Municipal Hospital

The monetary ceiling for determining the entitlement for direct consultation with Specialists in Central Government / State Government /Municipal Hospitals will continue at the existing rates until revision of the Same after consultation with Ministry of Finance. (G)Pay slab for determining the entitlement of accommodation in AIIMS, New Delhi. The revised entitlement, as per the pay drawn by the officials, is as follows:

Sl. No. Corresponding Basic Pay drawn by the Officer in 7th CPC per month Ward entitlement
1. Up to Rs. 63,100/- General
2. Rs. 63,101/- to Rs. 80,900/- Private
3. Rs. 80,901/- and above Deluxe /Private

Authority: CGHS
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Saturday, 21 October 2017

FEW INSTRUCTIONS RELATING TO IMPORTANT SERVICE MATTERS.

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Friday, 20 October 2017


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Thursday, 19 October 2017

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Tuesday, 17 October 2017

About 49 per cent Indians are likely to spend less this Diwali compared to last year due to demonetisation and impact of GST, with expenditure on clothes and sweets to be the highest, says a survey.
The survey conducted by news app InShorts and research firm Ipsos said though 21 per cent will be spending more over last year, 18 per cent will spend same as the last year. 
Besides, 21 per cent respondents said they were undecided.
"Consumers are still reeling under the impact of demonetisation and GST. The sentiment is not that upbeat this Diwali," Ipsos India CEO Amit Adarkar said.
The survey titled 'Pulse of the Nation Diwali Poll' was conducted online on October 14. Over 39,000 Indians participated in the poll through InShorts mobile application. 

While clothes and sweets will see highest spending at 38 per cent, gadgets and gizmos will see 13 per cent spending followed by home renovation and furnishing at 12 per cent and automobiles at 3 per cent, the survey said.
In terms of Diwali break, the survey said 55 per cent of the respondents won't be working while 34 per cent would be working. About 13 per cent said they were not sure.
"Time zones, global client deliverable, essential services these factors take precedence over Diwali holidays," Adarkar said.
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Monday, 16 October 2017

NPS Withdrawal and Exit Rules – Premature Exit, Retirement Benefits FAQ

Lot of queries regarding NPS Withdrawal and Exit Rules, Premature Exit, Retirement Benefits in NPS are raised in various occasions. to clear the  doubts regarding NPS withdrawal and Exit benefits , the PFRDA has published a FAQ on NPS Withdrawal and Exit Rules.

Frequently Asked Questions (FAQs)

on Exit from NPS

for Central Government Sector (CG) and Central Autonomous Bodies (CABs)

DISCLAIMER: For detailed provisions and regulations, please refer PFRDA (Exit and Withdrawal under National Pension System) Regulations 2015 and subsequent amendments under it. The same are also available on website of PFRDA at www.pfrda.org.in.
Question
Answer
1. What is an exit?
An exit is defined as closure of individual pension account of the subscriber under National Pension
System.
2. When can I exit from NPS?
A subscriber can exit from NPS at any point but complete withdrawal is subject to certain conditions.
3. Whether pre-mature exit and voluntary retirement are same or not?
Yes, under NPS both are same Pre-mature exit is defined under NPS as exit re the superannuation/retirement age. Under NPS, Voluntary retirement is treated as pre-mature exit.
However, eligibility & terms of Voluntary retirement are defined/governed by service rules and regulations of the respective organization.
4. What shall be my benefits, if I opt for pre-mature exit from' NPS?
Pre-mature exit or Voluntary retirement-
Minimum Annuitization- 80% of accumulated wealth.
Maximum Lump Sum Withdrawal- 20% ofaccumulated wealth.
If the accumulated pension wealth of the subscriber is equal to or less than one lakh rupees or a limit to be specified by the Authority, such subscriber shall have the option to withdraw the entire accumulated pension wealth without purchasing any annuity.
5. What shall be my benefits, if I retire/ superannuate from NPS?

6. What are the provisions to settle the cases in the unfortunate death of the NPS subscriber during the service?

                          Click to Read
7. What are the provisions to settle the cases in the unfortunate death of the NPS subscriber during the service and no nomination has been provided in the account?
Where no valid nomination exists in accordance with these regulations, at the time of exit of such subscriber on account of death, the nomination if any existing in the records of such subscriber with his or her employer for the purpose of receiving other admissible terminal benefits shall be treated as nomination exercised for the purposes of receiving benefits under the National Pension System. The employer shall send a confirmation of such nomination in its records, to the National Pension System Trust or the central recordkeeping agency, while forwarding the claim for processing.
8. Can I defer my lump sum in case of pre-mature exit from the system?
No
9. Can I defer my lump sum in case of retirement superannuation? If yes, what are the provisions   and requirements to avail this facility?
Yes.
The lump sum can be deferred till the age of 70 years which can be withdrawn at any time between superannuation and 70 years of age or every year till age of 70 years. The subscriber has to give in writing (intimation to the employer) in the specified form at least fifteen days before the attainment of age of superannuation and same should be authorized by the associated Nodal office in the CRA system. If deferment is availed by the subscriber, subscriber has to bear the maintenance charges like CRA, PFM etc.
10. Can I defer my annuity at the time of retirement/superannuation? yes, what are the provisions?
Yes
Annuity purchase can also be deferred for maximum period of 3 years. The subscriber has to give in writing (intimation to the employer) at least fifteen days before the attainment of age of superannuation and same should be authorized by the associated Nodal office in the CRA system.
If the death of the subscriber occurs before such due date of purchase of an annuity after the deferment, the annuity shaft mandatorily be purchased by the spouse.
11. Can I defer both lump sum and annuity at the time of retirement/superannuation?
Yes
12. Can I keep on contributing in my Tier-I -account even after retirement / superannuation?
Yes. The Subscriber shall have the option to do so by giving in writing and up to which age he would like to contribute to his individual pension account but not exceeding seventy years of age.
In such scenario, subscriber has to shift his/her PRAN to any POP or e-NPS. Nodal office shall not assist in uploading of contribution after the date of superannuation. Subscriber has to operate account in his/her individual capacity only.
Such option shall be exercised at least fifteen days prior to the age of attaining sixty years or age or superannuation, as the case may be, and same should be authorized by the associated Nodal office in the CRA system.
Subscriber has to bear the maintenance charges like PoP, CRA, PFM etc.
13. I continue my Tier-I account even after retirement / superannuation, Can I avail the facility of deferment of lump sum and annuity during the extended period?
No, Upon exercise of the option of continuation after the superannuation, the other options of deferment of benefits (lump sum and annuity) shall not be available to such a subscriber.
14. Can terminate my extension any time before the attaining the age of 70 years or I have to continue the Tier -1 till the age of 70 years?
Even after exercise of such option, the subscriber may exit at any point of time from National Pension System, by submitting a withdrawal request as prescribed.
15. Who shall bear the transaction and other charges, if I avail the facility of continuation of Tier-I account after the retirement / superannuation?
Subscriber has to bear all the applicable charges including maintenance charges like POP, CRA, PFM etc., if he avails such facility.
16. Can I continue my Tier-2 account after the closure of Tier -1 account?
No.
Upon exit from Tier 1 account, the Tier 2 account gets closed automatically.
17. Can I continue my Tier -2 account, if decide to continue Tier-I account even after the retirement / superannuation?
Yes.
A subscriber can contribute to his Tier 2 account till the time he has an active Tier 1 account.
18. What is annuity?
An annuity is a product that pays out regular income. It is a contract for deferred payment. The main objective of an annuity is to give regular income to the subscriber even after retirement/working age.
19. In case of pre-mature exit, when will my annuity start i.e. immediately or after the age of 60 years?
Annuity starts immediately after the minimum age required for purchasing any annuity (depending upon choice of ASP and Annuity scheme. For e.g. 30, 35 or 38) from any of the empaneled annuity service providers. Subscriber need not wait till the age of 60 years.
20. What are the annuity options available to me under NPS?

21. Whether I have to go by the default annuity or I have a choice to decide other annuity type also?
The subscriber can choose any other annuity, other than default annuity, available with the empaneled Annuity Service Providers (ASPs).
22. Where can I check the rates offered by the annuity service providers on various type of annuities?
Details of annuity rates and other details may be checked on CRA website (link given below).https://www.npscra.nsdl.co.in/annuity-serviceproviders.php
23. Can I change my annuity service provider or annuity type any time?
Once an annuity is purchased, the option of cancellation or reinvestment with another Annuity Service Provider or in other annuity scheme shall not be allowed unless the same is within the time limit specified by the Annuity Service Provider, for the free look period as provided in the terms of the annuity contract or specifically provided by the Insurance Regulatory and Development Authority.
24. What functions are performed by Annuity Service Providers (ASPs)?
Annuity Service Providers (ASPs) are empaneled by PFRDA to annuity to subscribers through their various schemes. Subscribers will have the option to invest their amount into one annuity scheme ' upon retirement/resignation. ASPs would be responsible for delivering a regular monthly pension (annuity) to the subscriber for the rest of his/her life.
25. Is it mandatory to purchase annuity under NPS at the time of exit?
Yes, but there are some scenarios where the subscriber/nominees/legal heirs can withdraw the whole accumulated wealth.
26. Which companies empaneled under PFRDA as Annuity Service Providers (ASPs)?
1. Life Insurance Corporation of India
2. SBI Life Insurance Co. Ltd.
3. ICICI Prudential Life Insurance Co. Ltd.
4. HDFC Standard Life Insurance Co Ltd
5. Star Union Dai-ichi Life Insurance Co. Ltd
*Subject to change from time to time.
27. Will I get back the amount invested for annuity purchase?
Only in annuity types where there is provision of return of purchase price.
28. In case of retirement / superannuation, when should I submit my withdrawal request i.e. after the date of retirement or before the retirement?
CRA network sends a communication 6 month before the superannuation/retirement date generating a Claim ID to the subscriber and nodal office. It' is advisable that the subscriber should submit all the documents to the nodal office atleast 1 month before the superannuation/retirement date.
29. Can I withdraw before attaining the age of retirement / superannuation?
Yes, it is termed as Partial Withdrawal.https://npscra.nsdl.co.in/central-forms.php
30. If yes, how much amount can be withdrawn?
Up to 25% of the contribution made by the subscriber (without considering the appreciation /returns on the amount ) as on date of application of withdrawal.
31. Can I withdraw any number of times during the service?
No
A subscriber is allowed to withdraw only three times during the entire tenure of service.
32. What are the conditions under which partial withdrawal can happen?

33. If I avail partial withdrawal facility, will I get the same benefit as applicable at the time of retirement/ superannuation?
Yes
34.  Whether I am eligible for Gratuity?
Yes, as per latest 0M No.7/5/2012-P&PW(F)/B dt. 26.08.2016 issued by Department of Pension and Pensioners Welfare, the Central Government employees covered under NPS are eligible for 'Retirement Gratuity and Death Gratuity
35. What are tax benefits available under IT Act, 1961 for Tier 1 Account?

36. What are tax benefits available under IT Act, -1961 for Tier 2 Account?
No tax benefit is available for Tier 2 account
37. Where can I find list of important forms related to exit and withdrawal?
Particulars
Form No.
a Superannuation
101
b Pre- mature Exit
102
c Death
103

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