March 17, 2012

Budget 2012-13 Impact on Salaried Employees


1.Raises exemption limit to Rs 2 lakhs from Rs 1.8 lakhs.
2.Income Tax at 10% for Rs 2-5 lakh.
3.Income Tax at 20% for Rs 5 lakh to Rs 10 lakh.
4.Income Tax at 30% for income of over Rs 10 lakh.
5.Health insurance deduction upto Rs 5000 for 8.To implement DTC at the earliest.
6.Interest income from banks tax-free upto Rs 10,000.
7.Direct cash subsidy for LPG.
 of 50 per cent on investments of up to Rs 50,000 in savings scheme namedont-family: Georgia,'Times New Roman',Times,serif; font-size: 12px; line-height: 18px; margin-bottom: 0.7em; margin-top: 0.7em; padding: 0px; text-align: justify;"> 9.GST to be operational by August 2012.
10.Income Tax deduction of 50 per cent on investments of up to Rs 50,000 in savings scheme named after Rajiv Gandhi.
11.Addressing malnutrition, black money and corruption in public life among five priorities in the year.

source:tkbsen.com

Incentive increments for outstanding sports achievements



RBE No.26/2012
Clarification / Corrigendum No.21

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)

No. 2011/E(Sports)/4(1)/ 1/Policy Clarifications

New Delhi, 29th February 2012

The General Manager (P), 
All Zonal Railways, including CLW, DLW, ICF, RWF, RCF, Metro/Kolkata,
The CAO(R)/DMW/Patiala, 
The DG/RDSO/Lucknow.

Sub:- Incentive increments for outstanding sports achievements.

Ref:- Board’s letter No. 2010/E(Sports)/4(1)/1(Policy) dt 31.12.2010.
   
Please connect Para 9.1 of Board’s policy letter referred above on the subject matter.
   
In this connection it is clarified that Railway Administration can grant incentive increments, only for the sports achievements in the Championships/ Events concluded on or after the date of issue of above referred policy letter. All other cases of incentive increments shall be dealt with as per policy in vogue at the time of such sports achievements.
   

This also disposes NR’s letter No. 400E/50/Sports/lncentive(Loose)A/Increments dt. 06.02.2012.

sd/-
(S.BANERJEE)
Dy. Director/ Estt.(Sports)

Source : AIRF

112 government websites hacked in the last 3 months

Finance Ministry, Planning Commission among those targeted
Government websites are turning out to be soft targets for hackers. In the last three months alone, as many as 112 websites, including that of the Planning Commission, the Finance Ministry and various State government agencies, were hacked or defaced.
“During the period December 2011 to February 2012, a total number of 112 government websites were hacked,” Minister of State for Communications and IT Sachin Pilot told the Lok Sabha on Wednesday.
While the the websites of Finance, Health, Human Resource Developmentministries and Planning Commission were also defaced. Various State governmentwebsites that came under attack were from Andhra Pradesh, Tamil Nadu, Kerala, Odisha, Uttar Pradesh, Sikkim, Manipur, Madhya Pradesh, Rajasthan, Maharashtra and Gujarat.
Mr. Pilot said the Department of Information Technology and the National Informatics Centre (NIC) that host the majority of government websites were upgrading their skills to tackle the ever-growing threat from hackers. Firewalls were being upgraded and new filters added to ensure that hackers could not target government websites.
Notably, the government had to face major embarrassment last year after the Central Bureau of Investigation website was hacked and defaced by programmers, who identified themselves as the “Pakistani Cyber Army.” It took weeks before the website was restored. However, it was after this episode that the NIC took various measures to prevent government websites from getting hacked. As per industry estimates, over 14,000 government and corporate websites were hacked/defaced in 2011.

source:The hindu

Highlights of Union Budget 2012-13

1.Personal tax: Exemption limit for individuals from Rs 1,80,000 to Rs 2,00,000.

Income up to Rs 2 lakh - Nil

Rs 2-5 lakh - 10%;

Rs 5-10 lakh - 20%

Rs 10 lakh and above - 30%

2.Exemption on interest from savings bank accounts up to Rs 10,000

3.Venture capital funds to be allowed to invest across sectors

4.Dividend repatriation for foreign companies extended by a year

5.Securities Transaction Tax reduced to 0.15%

6.Cumpolsory reporting requirement for companies with assets abroad

7.Direct tax proposals to result in net revenue loss of Rs 4,500 cr

8.No change in tax structure for corporates

9.Defence outlay at Rs 1.95 lakh crore.

10.In the 11th plan met 99 per cent of the total Plan outlay

11.Direct tax target fell short by Rs 32,000 crore. Non-plan expenditure for FY 2013 is Rs 9.69 lakh crore higher 18.8 per cent than estimated.

12.White paper on black money to be tabled in current session of Parliament.

13.Sees 2.5 per cent growth in agriculture sector, 9.4 per cent growth in services. Forecasts GDP growth at 7.6 per cent in 2012-13


14.Industrial growth is holding us back

15.Development of external trade encouraging

16.Successfully achieved diversification of export and import markets.

17.Need to improve supply side economy.

18.Higher crude oil prices has resulted in higher subsidy outgo. Crude oil prices expected to be above $115 a barrel.

19.Govt expenditure on subsidies to be restricted to 2% of GDP.

20.Direct transfer of subsidy to benefit.

21.Food security subsidy to be fully provided.

22.Use of PAN in both direct and indirect taxes as a preparation towards GST rollout.

23.Efforts for consensus on FDI in multi-brand retail.

24.Disinvestment target for FY 13 at Rs 30,000 crore. For current fiscal, Rs 14,000 crore raised against the target of Rs 40,000 crore.

25.Proposes Rajiv Gandhi Equity Savings Scheme, 50% I-T deduction for those with income below Rs 10 lakh.

26.DTC implementation deferred.

27.To protect the financial health of public sector banks. To provide Rs 15,888-crore for capitalisation of public sector banks and RRBs. To create financial holding company to look at the financial needs of the banks.

28.New tax exemptions for retail investments

29.Infrastructure invsestment under the 12th Plan to go up to Rs 50 lakh crore, half of which is to come from the private sector.

30.To encourage investment in infrastructure sector tax-free bonds of Rs 60,000 crore for next fiscal. Of this Rs 10,000 crore each for NHAI, IRFC, IIFCL, Power; Rs 5,000 crore each for HUDCO, NHB, SIDBI, and Ports.

31.ECB to part-finance rupee debt of power projects

32.ECB for working capital requirement for airlines industry with a ceiling $1 billion.

33.Direct import of aviation fuel allowed

34.Targets 8,800 km of national highway in next fiscal, 14 per cent increase in allcoation for road transport.

35.Targets self-sufficiency in manfacturing urea in next five years.

36.One per cent interest subvention scheme for housing loan of up to Rs 15 lakh extended.

37.2 more mega handloom clusters announced. Powerloom mega cluster in Maharashtra

38.Proposes Rs 5,000 crore opportunity venture fund for MSMEs channelled through SIDBI

39.Rs 500 crore for geo-textile cluster in North-east region; handloom centres also in Nagaland, Mizoram and Jharkhand

40.Two-third of total market borrowings of Indian Railways to come from tax-free bonds this fiscal.

41.To raise agricultural credit by Rs 1 lakh crore to Rs 5.7 lakh crore

42.Kissan credit cards to be modified to make them into smart cards to be used at ATMs

43.Additional 3 per cent interest subsidy for farmers proposed

44.To provide Rs 10,000 crore to Nabard for refinancing regional rural banks

45.Budgetary allocation for rural, water and sanitation schemes hiked by 27% to Rs 14,000 crore

46.Rs 20,000 crore for rural infrastructure development fund, of which Rs 5,000 crore specifically for warehouses

47.PPP schemes for 2,500 schools announced

48.Allocation under National Rural Health Mission raised to Rs 20,822 crore from Rs 18,115 crore

49.Allocation to National Rural Livielihood Mission for women increased by 34 per cent

50.Interest subsidy for women SHGs up to Rs 3 lakh at 7 per cent; 3 per cent more for SHGs that repay promptly.

51.Credit guarantee fund for loans to students.....


via katiharho,saparavur,dheeru24k

EPF rate cut from 9.5 per cent to 8.25 per cent for 2011-12

New Delhi, Mar 16, 2012(PTI):   Government on Thursday slashedinterest rate on deposits in Employees Provident Fund from 9.5 per cent to 8.25 per cent for 2011-12 affecting over 4.7 crore subscribers.
 
EPF & VPF Interest Rate for 2011 – 2012
This cut was proposed by the Finance Ministry and anotification was issued by the Labour Ministry, official sources said.
The Employees’ Provident Fund Organisation (EPFO) had provided 9.5 per centinterest rate to its subscribers for 2010-11 after it found Rs 1,731 crore surplus in its books of account.
The Labour Ministry had recommended 8.6 per cent rate of interest for this fiscal on provident fund deposits to EPFO subscribers.

According to EPFO’s income projections, a provision of 8.25 per cent interest for 2011-12 would leave a deficit of Rs 24 lakh. It had further noted that an 8.5 per cent rate of return would translate into a deficit of Rs 526.44 crore.
“Finance Ministry has decided the interest rate based on what EPFO can pay,” Labour Secretary M Sarangi said.
The government decision came under sharp attack with Hind Mazadoor Sabha secretary AD Nagpal, who is also an EPFO trustee, saying it was unfair. “We will oppose this decision at the next meeting of the Central Board of Trustees,” he said.
In December, EPFO’s trustees had failed to decide on the interest rate for the current fiscal following sharp differences among them on the issue and had sought the Finance Ministry’s intervention.
source:tkbsen.com

Postal dept deficit may dip 16% to Rs 5,309 cr: Survey

Postal dept deficit may dip 16% to Rs 5,309 cr: Survey


The efforts of the Government to revive the Department of Posts (DoP) seems to
 be bearing fruit as its deficit is likely to come down by over 16 per cent to
Rs 5,309.6 crore in 2011-12, the Economic Survey 2011-12 today said.

“In the current year 2011-12 (Budget Estimates), the gross receipts were
 budgeted at Rs 7,517.7 crore and with gross and net working expenses
estimated at Rs 13,522.4 crore and Rs 12,827.3 crore respectively,
 with the deficit estimated at Rs 5,309.6 crore,”
 the survey said.

The gross receipts of the DoP in 2010-11 were placed at Rs 6,962.3 crore
 whereas the gross and net working expenses were Rs 13,793.7 crore and
 Rs 13,307.9 crore respectively.

The resultant deficit for 2010-11 stood at Rs 6,345.6 crore, the survey said.

It added that the postal sector needs to keep pace with changing
times as many of its services have become redundant with growth in
technology and takeover by other players.

“Quick decisions and actions to stay abreast of the times, including switching
 over to new activities and downsizing, could release a lot of resources from
this sector for use elsewhere,” the survey said.
The Government has approved a total Plan outlay of Rs 1,877.2
 crore for the modernisation of its IT infrastructure to increase the efficiency
 of the department.

“The project is intended for computerisation of all the non-computerised
 post offices, mail offices, administrative and other offices, establishment of
 IT infrastructure and development of required software applications...
The project is expected to be rolled out by 2013,” the survey said.

The DoP has the largest postal network in the world with 1,54,866 post
offices across India as of March 2011. Of these, 1,39,040 post offices are
in rural areas, while the remaining are in urban areas.
Aimed at transforming the infrastructure, the Government had launched
Project Arrow in 2008 for upgrading key postal operations such as mail delivery,
remittance, and banking services.
India Post now offers a single window facility for banking, money remittances
 and other financial products.

The DoP is also responsible for disbursing wages under the Mahatma
 Gandhi National Rural Employment Guarantee Act (MGNREGA) through 96,895
 post offices.

The postal network is also being used by other Government agencies to
 collect data like the rural consumer price index, the survey said. 

the hindu, aipeukoraputdivision,SAPARAVUR,DHEERU24K

How to configure PB Printer to work through USB Cable ?

How to configure PB Printer  to work through USB Cable ?

HOLD BOTH STATION1 and STATION2 BUTTONS IN THE PRINTER
Switch on the printer
Leave the Buttons
Insert the paper into the printer
Automatically Printer will take the paper inside and a message will be printed as follows

STATION 1-CONFIRM      STATION 2=SKIP    PRESS LOCAL TO CONTINUE
Press LOCAL and then STATION 1
The Default Configuration will be printed as follows

MENU          :                            CONFIG       Press STATION 1
DRAFT SPEED:               NORMAL      Press STATION 1
LQ TYPE:                        NLQ1           Press STATION 1
PAPER WIDTH:                FIRST LINE  Press STATION 1
BUZZER:                        Y                 Press STATION 1
INTERFACE                     By default SERIAL or COM1 will be there Press STATION2
Till USB is printed and then Press STATION 1
USB EMULATION            By default OLIVETTI will be there Press STATION2
                                         Till IBM is printed and then Press STATION 1
PLUG&PLAY:                             N                 Press STATION 1
PAP.EDGE DECTEC.:       N                 Press STATION 1
SPECIAL FORMS:            N                 Press STATION 1
PRINT MODE                   STANDARD  Press STATION 1
BIM MODE:                     MONO         Press STATION 1
PNS SELECTIONS:           N                 Press STATION 1
SAVE PARAMETERS        Y                 Press STATION 1
MENU          :                            CONFIG
Leave the paper in the printer and switch off the printer (Press power button in the PB printer)
SWITCH ON THE PRINTER       
Automatically the paper will be ejected
THE SAME METHOD MAY BE USED TO CONFIGURE SERIAL OR COM1 PORT


Thanks to :

P N Satish
Postmaster Grade – I
Byndoor Post Office,
Udupi Division, Karnataka - 576214

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