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Friday, 21 July 2017

Non-Marriage/ Re-Marriage certificates of family pensioners in November of each year – PCDA Circular No. 192

Non-Marriage/ Re-Marriage certificates of family pensioners in November of each year – PCDA Circular No. 192: Instructions for payment of family pension and submission of Non-Marriage/Re-Marriage certificates from defence family pensioners (including Defence civilian family pensioners) are provided in Para 39 of DPPI-2013
Dear Shri.Sahniji,
Please find here with the attachments,request the favour of publishing in your esteemed blog and oblige.
Ashok J.Joshi,
Genl Secr, NOIP (BMS)

1. Meeting FM, MOS etc
2. MOS Finance dated 17.07.2017 


AIBEA WELCOMES SUGGESTIONS, MEASURES FOR BETTER MEDICLAIM POLICY to be discussed with IBA in ensuing bipartit talks




PAN vs.AADHAR

THOUGHT OF THE DAY FW ERI BOI

Thought Of The Day
 
Regards, E.R.Iyer

Thursday, 20 July 2017

FLASH Our Review Petition in DHC

We are informed by our counsel at Delhi that our Review Petition is not appearing in tomorrow's list.So it is not coming tomorrow.The reason will be known only tomorrow why it could not be taken up.
Now it may come up on next Friday.
C H Mahadevan

7th CPC Pre-2016 Pension Revision - Concordance Tables [rRevised Table 43 & 44] - Download Each Table No. 1 to 58 Separately

7th CPC Pre-2016 Pension Revision - Concordance Tables [rRevised Table 43 & 44] - Download Each Table No. 1 to 58 Separately: Revision of pension of Pre-2016 pensioners / family pensioners in implementation of Government’s decision on the recommendations of the 7th Central Pay Commission-Concordance tables: Department of Pension & Pensioners’ Welfare F. No. 38/37/2016-P&PW(A) dated 6th July, 2017

Ram Nath Kovind elected President of India

NDA nominee gets more than 65 per cent votesRam Nath Kovind elected President of IndiaNew Delhi, July 20 Ram Nath Kovind was on Thursday elected President of India. He got 65.65 per cent of the total votes, while  the Opposition nominee Meira Kumar bagged 34.35 per cent votes. NDA nominee Kovind, a former Bihar governor, was pitted against opposition's candidate Meira Kumar, a former Lok Sabha Speaker. Kovind was expected to win the presidential race given that the BJP and its allies have a majority in electoral college comprising Members of Parliament and members of legislative assemblies and councils of all states.

e Circular dated 20th July 2017

Filing SLP in SC

As we are receiving enquiries on the status of work in regard to the above, we confirm we are actively on the job.  Our advocate had sent to us a preliminary draft of the petition on  which we felt a little more of elaboration was called for.  We have therefore sent back to him a revised draft prepared after consultations amongst the legal committee members as decided earlier.  Our activist at Delhi shri. VK Jain is coordinating with our advocate and we are taking all steps to ensure that the petition is filed on 25th or 26th of this month. 

We may add that the other two organisations we are in touch with may also be filing around the same time only, .

With Greetings,
GN Sridharan, 
Gen. Secy. 
Federation of Retd.LIC Class I Officers' Assns.

Global Crude oil price of Indian Basket was US$ 47.74 per bbl on 19.07.2017

Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
20-July-2017 12:36 IST
Global Crude oil price of Indian Basket was US$ 47.74 per bbl on 19.07.2017
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.74 per barrel (bbl) on 19.07.2017. This was higher than the price of US$ 47.36 per bbl on previous publishing day of 18.07.2017.
In rupee terms, the price of Indian Basket increased to Rs. 3070.82 per bbl on 19.07.2017 as compared to Rs. 3046.92 per bbl on 18.07.2017. Rupee closed stronger at Rs. 64.32 per US$ on 19.07.2017 as compared to Rs. 64.33 per US$ on 18.07.2017. The table below gives details in this regard:

Particulars    
Unit
Price on July 19, 2017 Previous trading day i.e. 18.07.2017)                              
Crude Oil (Indian Basket)
($/bbl)
              47.74               (47.36)
(Rs/bbl)
            3070.82           (3046.92)
Exchange Rate
(Rs/$)
              64.32               (64.33)


RG/SA Daily Crude Oil Price       

THOUGHT OF THE DAY FW ERI BOI FROM ZEE NEWS

Thought of the Day...
Regards, E.R.Iyer

Wednesday, 19 July 2017

Our Review Petition listed for 21st July 2017

DEAR ALL LIC PENSIONERS,
I had a talk with Our Counsel at Delhi a short while ago when he informed me that the Review Petition filed by Hyderabad Association is  listed on 21/7/2017 by the Delhi High Court for hearing.
We are informed by the counsel that a Special Bench will be constituted for hearing the Review Petition.
C H Mahadevan
Columbus USA

The three images below are called fire rainbows- Gopalan V

The three images below are called fire rainbows, a rare phenomenon taken by a pilot after take off from Bombay Airport. Fire rainbows are a rare phenomenon that occur when the sun is shining higher than 58 deg. above the horizon and it's light passes through cirrus clouds mode of ice crystals. Enlarge it and see! You will be floored! Sheer Beauty!!




7th Pay Commission related anomalies DoPT OM regarding extension of time limit


No.11/2/2016-JCA
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel & Training
North Block, New Delhi – 110 001
Dated: 17th July, 2017
OFFICE MEMORANDUM
Subject: Extension of time limit for forwarding of 7th CPC-related anomalies by the Staff-Side, NC(JCM) and for their disposal by the National Anomaly Committee – regarding
The undersigned is directed to refer to the aforementioned subject and to say that in further partial modification of this Department’s O.M. of even no. dated 5th May, 2017, it has been decided to extend the time limits for both receipt and disposal of the 7th CPC-related anomalies, as per the following details:
(i) The time limit for receipt of anomalies will stand extended by three months from 15.05.2017(as notified vide O.M. referred to above) to 15.08.2017; and
(ii) The time limit for disposal of anomalies will stand extended by three months from 15.11.2017 (as notified vide O.M. referred to above) to 15.02.2018.
2. This issues with the concurrence of Department of Expenditure, Ministry of Finance.
(D.K.Sengupta)
Deputy Secretary (JCA)

BMS PRESS RELEASE

Global Crude oil price of Indian Basket was US$ 47.36 per bbl on 18.07.2017

Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
19-July-2017 12:01 IST
Global Crude oil price of Indian Basket was US$ 47.36 per bbl on 18.07.2017
The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 47.36 per barrel (bbl) on 18.07.2017. This was lower than the price of US$ 47.81 per bbl on previous publishing day of 17.07.2017.
In rupee terms, the price of Indian Basket decreased to Rs. 3046.92 per bbl on 18.07.2017 as compared to Rs. 3077.12 per bbl on 17.07.2017. Rupee closed stronger at Rs. 64.33 per US$ on 18.07.2017 as compared to Rs. 64.37 per US$ on 17.07.2017. The table below gives details in this regard:

Particulars    
Unit
Price on July 18, 2017 Previous trading day i.e. 17.07.2017)                              
Crude Oil (Indian Basket)
($/bbl)
              47.36               (47.81)
(Rs/bbl)
            3046.92           (3077.12)
Exchange Rate
(Rs/$)
              64.33               (64.37)


RG/SA Daily Crude Oil Price      

News Bulltin - Jun 17


News Bulltin - Jun 17

VIVEK SINGH
Secretary General-NFIFWI(LIC Development Officer Organisation)
Mob:+91 9415202088

Rs 8,150 crore gone in a day: LIC takes biggest hit in ITC’s free fall

Amit Mudgil   
NEW DELHI: A steep 13 per cent drop in the ITC shares on Tuesday weighed heavy on its largest shareholder, Life Insurance Corporation of India (LIC), which suffered a notional loss of over Rs 8,150 crore for the day.
The state-run insurer lost over Rs 7,000 within the first few minutes of trading. Selling pressure on the counter intensified as the session progressed. The insurer eventually lost Rs 8,152 crore on its ITC investments, as the cigarette maker saw its market value contracting by Rs 50,045 crore to Rs 3.46 lakh crore.
LIC held 16.29 per cent in the cigarette maker as of June 30, 2017. Domestic insurance companies together lost Rs 11,250 crore, while FPIs took a Rs 10,000 crore hit in what was the biggest fall in the ITC stock in 25 years.
LIC has been steadily raising stake in the cigarette maker for some time now, from 12.63 per cent four years ago and 14.34 per cent as of June 2016.
Sukumar Rajah of Franklin Templeton Investments said his firm looks at three important matrix in stocks: quality, sustainability and growth. “An industry like tobacco has very poor sustainability and because of this issue, it has never been a big portion in our portfolio. Today is no different,” Rajah told ET Now.
Recently LIC Chairman V K Sharma defended the state-run insurer’s investment in the tobacco major, saying that holding or not holding shares in the company had nothing to do with the issue of smoking.
A public interest litigation had been filed in the Bombay High Court in April against LIC and four other state-run general insurance companies for investing in cigarette makers, as tobacco is considered one of the biggest killers in India.
But with the GST Council raising the cess on cigarettes to take away an estimated Rs 5,000 crore annual ‘windfall’ from the manufacturers, LIC and other insurers are set to take a big hit in the notional value of its investment.
Following the GST announcement, the stock fell 15 per cent within a few minutes of trade on Tuesday to hit a low of Rs 276.90 on BSE, with its m-cap falling by over Rs 50,000 crore. ITC is the fourth largest stock in terms of market value.
Credit Suisse has downgraded ITC to neutral from outperform rating, while cutting the target price by 22 per cent to Rs 310 from Rs 400.
CLSA has downgraded this stock to sell rating (target Rs 285 from 417), saying the GST decision will force the company to hike prices sharply, which may impact volumes.
HSBC has maintained a hold rating on ITC, but said it will still manage to replicate the 15 per cent growth the company witnessed through last decade.
Morgan Stanley has downgraded the stock to equal weight with a new target price of Rs 285. The brokerage has cut ITC’s EPS estimate by 9-14 per cent for FY18-20.
Source:Economic Times

General Provident Fund & Similar funds: Rate of Interest wef 1st July 2017 to 30th September 2017 @ 7.8%

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)
F.NO. 5(1)-B(PD)/2017
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
New Delhi, the 17th July, 2017
RESOLUTION
 
It is announced for general information that during the year 2017-2018, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 7.8% (Seven point eight per cent) w.e.f. 1st July, 2017 to 30th September, 2017. This rate will be in force w.e.f. 1st July, 2017. The funds concerned are:- 


1. The General Provident Fund (Central Services).
2. The Contributory Provident Fund (India).
3. The All India Services Provident Fund.
4. The State Railway Provident Fund.
5. The General Provident Fund (Defence Services).
6. The Indian Ordnance Department Provident Fund.
7. The Indian Ordnance Factories Workmen’s Provident Fund.
8. The Indian Naval Dockyard Workmen’s Provident Fund.
9. The Defence Services Officers Provident Fund.
10 The Armed Forces Personnel Provident Fund. 
2. Ordered that the Resolution be published in Gazette of India.                         
                                                                                                                                    (Vyasan R.)
Deputy Secretary (Budget)
To,
The Manager, (Technical Branch)
Government of India Press, Faridabad. 
F.No.5(1)-B(PD)/2o17
 
Copy forwarded to all Ministries/Departments of Government of India, President’s Secretariat, Vice-President’s Secretariat, Prime Minister’s Office, Lok Sabha Secretariat, Rajya Sabha Secretariat, Cabinet Secretariat, Union Public Service Commission, Supreme Court, Election Commission and NITI Aayog. 
Copy also forwarded to
 
1. Comptroller & Auditor General of India and all offices under his control.
2. Chairman, Pension Fund Regulatory and Development Authority.
3. Controller General of Accounts (10 copies).
4. Ministry of Personnel Public Grievances and Pension (Pension Unit/All India Services Division).
5. Financial Adviser of Ministries/Departments (6 copies).
6. Chief Controller of Accounts/Controller of Accounts of Ministries/Departments.
7. Controller General of Defence Accounts.
8. Finance Secretary of all State Governments and Union Territories.
9. Secretary to Governors/Lt. Governors of all States/Union Territories.
10. Secretary Staff Side, National Council of JCM.
11. All Members, Staff Side, National Council of JCM.
12. NIC - For uploading on webhost.
(A.K. Bhatnagar)
Under Secretary(Budget) 

THOUGHT OF THE DAY FW ERI BOI FROM ZEE NEWS

Thought Of The Day
 
Regards, E.R.Iyer

7th CPC Allowances: Reason for implementation from 01st July 2017 instead of 1st Jan, 2016 and lowest hike since last 70 yrs: Fin Min reply in Parliament

7th CPC Allowances: Reason for implementation from 01st July 2017 instead of 1st Jan, 2016 and lowest hike since last 70 yrs: Fin Min reply in Parliament: whether Government has implemented the recommendations of Seventh CPC regarding allowances w.e.f. 1st July, 2017 instead of 1st January, 2016; the reasons therefor along with the reasons for lowest hike in Pay Commission since last 70 years?

Tuesday, 18 July 2017

SC to decide tomorrow whether right to privacy is a fundamental right

, ET Bureau|
Updated: Jul 18, 2017, 02.39 PM IST
SC_PTI
"You say, it is a common law. Then to say it does not figure in our Constitution is logically not acceptable," Justice Jasti Chelameswar said in his preliminary remarks.
NEW DELHI: Hearing petition against Aadhaar schemes, a nine-judge constitution bench of the Supreme Court will examine on Wednesday whether an Indian citizen has a fundamental right to privacy.
Defending government's Aadhaar schemes, former Attorney General Mukul Rohatgi had said that privacy is not a fundamental right and the new Attorney General KK Venugopal is likely to persist with the same argument.
However, Aadhaar opponents contest this claim. They argue that the scheme was violative of the right to privacy.
A five-judge bench led by Chief Justice of India JS Khehar had referred the issue to nine judges, while expressing scepticism over the government view that privacy was not a fundamental right.
"You say, it is a common law. Then to say it does not figure in our Constitution is logically not acceptable," Justice Jasti Chelameswar said in his preliminary remarks.

Source: Economic Times

Income Tax department to launch mobile app to make life easy for taxpayers

Jul 18, 2017, 09.55 AM IST
Taxpayers will also be able to respond to queries from the IT dept or file complaints via the app which is being developed as part of a drive by CBDT to make the administration non-intrusive.
Taxpayers will also be able to respond to queries from the IT dept or file complaints via the app which is being developed as part of a drive by CBDT to make the administration non-intrusive.
NEW DELHI: The income-tax department will soon launch a mobile app that it expects will act as a portal for almost anything I-T-related that an individual might need. From payments, tax deducted, to communications from the department, everything can be managed through the My Tax app.
"It is being developed in-house," a government official told ET. The individual's profile will be mapped to the permanent account number (PAN), allowing the collation of all tax-related information, including deductions by third parties, pertaining to that login.
Taxpayers will also be able to respond to queries from the IT department or file complaints via the app, which is being developed as part of a drive by the Central Board of Direct Taxes (CBDT) to make the administration non-intrusive and taxpayer friendly. It will complement similar initiatives by the board such as online scrutiny, which allows tax officials to seek details of transactions and get responses by email.
The department recently unveiled Aaykar Setu, a new taxpayer service module that will have mobile and desktop versions. The app will provide various services such as PAN, TAN (tax deduction and collection account number) and tax payments.
My Tax app will be personalised, linked to a taxpayer through the sign-in, but it's not clear whether tax-filing facilities will be immediately available.
The IT department is keen on the initiative as it believes convenience and simplicity are the key to alleviating fear of the taxman and widening the tax base, having adopted the motto that taxpayers must be treated as customers. This was propounded in the 2016 report of the Tax Administrative Reforms Commission, headed by Parthasarthi Shome.
Prime Minister Narendra Modi has sent a clear message to the tax authorities that they need to ensure that taxpayers do not fear the department. The department is working on a number of initiatives to improve its image.
ET had reported earlier that the department is working on jurisdictionfree assessment, which means a taxpayer will not be linked to a particular ward and assessing officer. Assessment, if any, can be done anywhere in India, reducing the scope for interaction and harassment.

Centre in SC: Won’t take old notes



Court to take up petitions today for permission to deposit DeMo currencySatya Prakash
Tribune News Service
New Delhi, July 17
The Centre today opposed providing another window of opportunity to people to deposit demonetised notes of Rs 500 and Rs 1,000 beyond the December 30, 2016 deadline, saying it would defeat the very purpose of demonetisation.
In an affidavit filed with the top court, which is to hear petitions seeking a fresh chance to deposit demonetised notes tomorrow, the Ministry of Finance requested it to dismiss all such petitions.
 “The very object of demonetisation and elimination of black money will be defeated if a window is opened for a further period as the persons in possession of the SBNs (specified bank notes) would have had sufficient time and opportunity to carefully plan reasons and excuses for not depositing the SBNs before December 30, 2016," the affidavit read.
“Any number of benami transactions and user proxies for the purpose of producing and depositing SBNs would then arise, and the departments would have great difficulty in deciding any genuine case from the numerous bogus ones,” the affidavit stated.
It pointed out various malpractices post demonetisation, including the use of old SBNs for buying gold.
The affidavit listed specific instances of how money was allegedly laundered and routed through accounts of shell companies and layered through intermediaries’ accounts before being received in accounts of bullion traders. This had forced the government to cancel or restrict certain exemptions, the government told the court, justifying the ordinance.
Noting that those having legitimate reasons for not depositing demonetised notes before the December 2016 deadline should be given a window of opportunity, the Supreme Court had on July 4 asked the Centre and RBI to respond to the petitions on the matter.
“What if someone was terminally-ill and could not deposit the money?” a Bench headed by Chief Justice of India JS Khehar had asked Solicitor General Ranjit Kumar while hearing the petitions, challenging the December 30 notification disallowing people to deposit demonetised notes.
“If someone has a genuine reason, you (government) cannot deny him the opportunity to deposit the money. You cannot be allowed to deprive a person of his money. Don’t force us to quash your notification,” the Bench had told Ranjit Kumar.

THOUGHT OF THE DAY FW ERI BOI FROM ZEE NEWS

Thought Of The Day
 
Regards, E.R.Iyer