Arunachal govt employees to get additional 6% DA

 

The Arunachal Pradesh government has decided to release an additional 6% Dearness Allowance (DA) for its employees and pensioners with effect from January this year.

"Keeping in view the rising costs of daily living and the consequent hardships experienced by the employees, the government has decided to increase the DA to 51% from the existing 45% which, will cost the state exchequer a total of Rs 84.10 crore," state Finance Minister Kalikho Pul said in a statement today.

While holding that the financial position of the state can improve only when all categories of government officers and officials sustain efforts in enhancing the revenue, howsoever negligible the amount may be, he said that no government can manage the finances effectively only by spending.

"Rather we have to steadily achieve self-reliance in finance by increasing our own revenue," Pul pointed out.

Pul also informed that the government is considering sorting out stipend problems of the students by creating a separate head of expenditure and separate allocation so that monthly payment of stipends can be made to ensure smooth procurement of ration.

"Numerous poor students who are unable to pay their hostel dues will stand benefited under the new system and education as a whole will get boost in the state," he said.

The government is also actively considering providing stipends to students of class one to five of upgraded fourth standard to upper primary schools who are deprived of the facility after upgrading

 

http://www.moneycontrol.com/news/economy/arunachal-govt-employees-to-get-additional-6-da_554717.html

Payment of interest in respect of PPF (HUF) accounts

F.No.7/4/2008-NS II
Ministry of Finance
Department of Economic Affairs
(Budget Division)

New Delhi, the 1 ^ST June, 2011.

To
The CGM (DGBA),
Reserve Bank of India,
Department of Government & Bank Accounts,
Central Office, Byeulla Office Building,
4th Floor, Opp. Mumbai Central Railway Station,
Byeulla, Mumbai-400008.

Sub: Payment of interest in respect of PPF (HUF) accounts.

Sir,

I am directed to say that as per the provisions contained in Public Provident Fund (PPF) Scheme, 1968, prior to 13th May, 2005 accounts could be opened by individuals and on behalf of HUFs. With effect from 13th May, 2005 opening of PPF accounts has been restricted to “individuals” only. In this regard, a clarification was issued by Finance Ministry vide letter No. F.2/8/2005-NS II dated 20.5.2005 intimating that PPF accounts of HUFs shall continue till maturity and deposits/withdrawals in/from these accounts shall be allowed to be made in accordance with the rules of the scheme. However, any extension of existing accounts shall be subject to the amendment dated 13th May, 2005.

2. As per Paragraph 9(3) of PPF Scheme, 1968 a subscriber to the account, any time after the expiry of 15 years from the end of the year in which the initial subscription was made, if he so desires, can apply for withdrawal of the entire balance standing to his credit. Further, as per proviso below Paragraph 9(3), the subscriber may, if he so desires, make withdrawal of the amount standing to his credit from time to time in installments not exceeding one in a year.

3. An amendment has been made to PPF Scheme, 1968 vide this Ministry’s Notification No. G.S.R. 956(E) dated 7th December, 2010. A new Proviso below Sub Paragraph 3 of Paragraph 9 of PPF Scheme, 1968 has been inserted, according to which PPF accounts opened On behalf of HIJFs prior to 13th May, 2005 shall be closed after expiry of 15 years from the end of the year in which initial subscription was made. In respect of those HUF accounts where the initial period of 15 years had already been completed prior to the issue of Notification dated 7.12.2010, such accounts were to be
closed on31 March 2011.

4. Some of the subscribers of PPF (HUF) accounts had closed the accounts on maturity or thereafter between 13th May, 2005 to 7.12.2010 (before the issue of the aforesaid amendment). Some of such account holders, were not paid interest at PPF rates on the deposits retained beyond the maturity period (without further subscriptions). Those subscribers had been representing that interest at PPF rate may also be paid to them on the deposits that were retained in PPF accounts beyond maturity period. The matter has been examined in this Ministry and it has been decided that interest at PPF rate would be paid on those PPF (HUF) accounts, which had attained the maturity after 13.5.2005 but closed by the subscribers before 7.12.2010,subject to the conditions that the accounts had not been extended thereafter and the deposits were retained in such accounts without further subscriptions.

5. The above decision may be circulated to all concerned for compliance.

6. This issues with the approval of Secretary (EA).

Yours faithfully,
(M.A. Khan)
Under Secretary the Govt. of India

http://finmin.nic.in/the_ministry/dept_eco_affairs/budget/PoI_PPF_HUF_accounts.pdf

Payment of Composite Transfer Grant

Government of India/Bharat Sarkar
Ministry of Railways/Rail Mantralaya
(Railway Board)

RBE No.76/2011.

No. F (E) I/2010/AL-28/46                                                      New Delhi, dated 26.05.2011.

The General Managers,
All Indian Railways, etc.
(As per Standard Mailing List)

Sub:- Payment of Composite Transfer Grant.

   Representations have been received from various quarters for doing away with the condition of production of documentary evidence for transportation of personal effects from one station to another for admissibility of 100% CTG, where transferee/retiree submits self declaration of having transported personal effects by own means, without availing of the facility of Kit Pass, VPU and Goods/Container.

   The matter has been examined and it has been decided by the Board that henceforth:

     (i) When transferee / retiree submits self declaration that transportation of personal effects has been made by own arrangement and facility of Kit Pass/VPU/Goods Train/ Container has not been availed of, production of documentary evidence of such transportation of personal effects by own arrangement need not be insisted upon, Subject to fulfillment of other conditions. Proof of journey/change of residence will however continue to be required. In the cases where Kit Pass has been availed by the railway employee for transportation of personal effects, extant provision under the rules would continue to be applicable to regulate quantum of Composite Transfer Grant.

     (ii) For short distance transfers/settlement after retirement within the same Station or to an outstation within 20 Kms., where transportation of personal effects is generally carried out by road, CTG may be granted at prescribed rates. i.e 1/3rd of Basic Pay on production of documentary. Proof of change of residence, as a result of transfer/retirement subject to fulfillment of other conditions.

sd/-
(Sonali Chaturvedi)
Dy. Director Finance (Estt)
Railway Board.

source-AIRF