Portal for pensioners / Tamil Nadu State Govt.

Portal for pensioners /  Tamil Nadu State Govt.

Special correspondent, Chennai.

A pensioners portal, jointly developed by the Department of Treasuries and Accounts and National Informatics Centre was inaugurated by Deputy

Chief Minister O. Panneerselvam in the Secretariat here on Friday.

  From the portal 

https://tnpensioner.tn.gov.in, 

details of monthly pension credited into the bank accounts, restoration of commuted value

of pension, enhanced family pension, pension arrears can be accessed without approaching the Treasury / Pension Pay Office.

  Pensioners can also download the details of submission of life

certificate, additional entitlement for pensioners aged above 80

years, pension details for income tax purpose, nomination details and deduction made towards festival advance, new health insurance scheme and family security fund by entering their pension pay order number.

  Government orders, clarifications, circulars and important forms regarding pensioners and their family are available on the portal.

( THE HINDU, Chennai city edition, Saturday, January 19, 2019 )

Courtesy :  MPS

                                      ************************

Personal Note :-

  This is what AIRIEF demanding from Central Office, LIC, Mumbai, in respect of pensioners and family pensioners. This point was put forth by our Negotiating Committee, led by our AIOS, Sri. B. Angurajan, years back and LIC team, headed by the then Chairman, appreciated the

suggestion and promised to look into it. Sri. R.B. Kishore, then Vice

President and the current Patron of AIRIEF, has been insisting upon this vital creation of Portal for LIC pensioners furnishing a variety of information for the benefit of their own different wings of administration to handle swift action and  AIRIEF for assisting the administration and the pensioners. We still hope that LIC Management would comply with our demand with needed particulars as enumerated by our Senior Patron, Sri. R.B.Kishore, shortly.

MPS.

RAJWEB ONLINE TV Interview.

Dear all, 

With sacred Saturday greetings!

I am glad to share with you that Shri Mimicry Senthil of Rajwebonline tv interviewed me in my room in our flat at Jeevan Bima Nagar, Chennai and the same has been put on you tube. You may kindly click

https://youtu.be/IfRPKM6y_sc

and you can view/hear the near 19 minute interview. Time permitting kindly view and send me your feedback. Awaiting your response

Yours sincerely

N V Subbaraman

-- 

Dr.N V Subbaraman,
Editor, Young Poet,
12 / 1045 Jeevan Bhima Nagar,
Chennai - 600101

04426544950/9840477552.

Visit my blog: http://nvsr.wordpress.com
Facebok:  http://facebook.com/subbaraman.nagapatnamviswanathan

Editor http://www.youngpoet.org
Poems http://www.poemhunter.com/subbaraman-n-v/
Editor http://impactmanagement.org/

PM Modi operationalized Sardar Vallabhbhai Patel Institute of Medical Science and Research (SVPIMSR) in Ahmedabad

18 storeys; 1,500 beds; 139 ICU beds; 22 departments; state-of-the-art; hi-tech; paperless; rooftop helipad; air ambulance services; 200,000 square feet area for parking;

PM Modi operationalized Sardar Vallabhbhai Patel Institute of Medical Science and Research (SVPIMSR) in Ahmedabad on 17.01.2019

One example of how hi-tech it is: 

Blood, urine samples and medicine transit will take place through pneumatic tubes across the hospital. This will be done through computerised digital-coded system which will be password protected. The medicines will travel 40 feet in one second and blood samples at a lower speed of 20 feet per second to prevent blood coagulation at a higher speed.

On cost:

*This is a public hospital. Cost is going to be nominal. Zero on instances invoking state & central healthcare schemes. For 200 beds classified as suite, deluxe & semi-special, charges are likely to not exceed Rs 2,500, Rs 2,000, and Rs 1,500 respectively. This includes doctor consultation, nursing and linen. 15 health checkup packages to cost from Rs 1,200 to Rs 2,500.*

Yes, #MyPMRocks ! 💕

11 th BP SETTLEMENT FROM BANKING UPDATES W ERI BOI

 Subject: 11 th BP SETTLEMENT FROM BANKING UPDATES W ERI BOI

11th BPS - Bipartite Discussions with IBA

Joint Circular by AIBEA-NCBE-BEFI-INBEF-NOBW: 
**************************************
One more round of Bipartite Discussions was held between workman unions and IBA today at Mumbai. IBA was represented by Mr. Rakesh Sharma, (MD of IDBI Bank), Chairman of the Small Negotiating Committee, Mrs. Reeta Kaul, GM, PNB, Mr. S K Suri, GM, Allahabad Bank, Mr. B Rajkumar, Dy. Chief Executive, IBA, Mr. Sanjay Prakash DGM, SBI, Mr S K Kakkar, Sr Advisor-HR, IBA and Mr. KS Chauhan, Sr Vice President, IBA. We were represented by our five Workman Unions.

The following issues and demands were taken up during the discussions today:

1. Sanction of all stagnation increment to clerical employees once in 2 years instead of once in 3 years upto 5th stagnation increment as at present. IBA agreed that some improvement may be considered subject to cost implications.

2. Sanction of stagnation increment to employees who got/get reversion after a period of 12 months. IBA agreed to examine the issue by collecting details from the Banks.

3. PQP/Graduation Pay should be equal to 1st stage of Basic Pay. IBA was inclined to agree subject to working out the cost.

4. Sanction of additional increments to substaff for passing graduation/ JAIIB/ CAIIB. IBA was positive on the issue but stated that cost implication would have to be kept in mind.

5. Updation of pension of all past retirees at a common index point as would be applicable under 11th BPS. Our demand would be studied for consideration.

6. Payment of Project Area HRA at branches opened in Special Economic Zones, Export Promotions, etc. It was agreed in principle.

7. Introduction of Leave Bank. IBA agreed to examine the issue in detail based on the Note submitted by us and then decision will be taken.

8. Exemption of GST on premium payable on medical insurance. Matter has been taken up with the Government and would be followed up.

9. Extension of time upto 15-2-2019 for retirees to renew the medical insurance policy for the year 2018-19. IBA agreed to take up with UIIC for their approval.

10. Payment of Gratuity under Bipartite Settlement – 20 months' Pay without the restriction in service period between 15 and 30 years. Unions to give a Note to IBA for their consideration whereafter the issue will be discussed further.

11. Calculation of Pension based on last drawn pay or on average of last 10 months whichever is beneficial to employees. Matter will be taken up with the Government for their approval and amendment in Pension Regulations.

12. Sanction of full pension on retirement after 20 years instead of present 33 years. Matter will be taken up with the Government for their approval and amendment in Pension Regulations.

13. Management's contribution at 14% of BP+DA under New Pension Scheme. Matter will be taken up with the Government for their approval and amendment in the Scheme.

14. Service Charges levied on employees under NPS to be borne by managements or Fund Mangers. IBA agreed to issue clarifications.

15. Introduction of special compensatory provisions for employees working in North East, Jammu and Himachal Pradesh. Matter will be taken up with the Government.

16. 5 Day Banking – remaining Saturdays to be declared as weekly holidays. Matter will be taken up with RBI and Government.

17. Stopping outsourcing of regular and permanent jobs in the Banks. IBA stated that the Banks are following the guidelines of RBI in this regard. We did not agree with their contentions and reiterated our demand.

18. Sanction of sabbatical leave to employees upto 2 years in service period as is available to government employees. IBA stated that the issue needs further discussion.

19. Sanction of Child Care Leave for women employees. Unions to submit Note to IBA and the issue will be discussed further.

20. Disciplinary Action and Procedure. Separate circular will be issued on the issues discussed.

Next Meeting ON 1st February : It was agreed to hold the next round of meeting with the Workman Unions on 1st February, 2019 to discuss further issues and demands.

(Source: AIBEA CIRCULAR NO. 28 /103/2019 /4 18-1-2019 )

 

Regards, E.R.Iyer

30th ANNIVERSARY HOLOCAUST DAY OF KASHMIRI PANDITS.

The pain expressed by a Kashmiri Pandit ex LIC Sr DM Sh T B Kaul on 30th anniversary of Kashmiri Pandits being forced to leave their home town Sri Nagar

Sad part is Congress has never owned them despite Fake Pandit Rahul Gandhi posing as Janaeu Dhari Brahmin

30th  ANNIVERSARY  HOLOCAUST DAY  OF KASHMIRI PANDITS. 

     This evening and whole night ( 19th January 1990)  I,my family and other Kashmiri Pandits were threatened over Mosque Loudspeakers in KASHMIR VALLEY  to accept one of these:-

1. To convert to Islam and recite     kalima 

2. If not then leave Kashmir. 

3. While leaving only male members should go away and leave behind  women and girls

   

     The other slogans were:-

1.Yanha kya chalega Nizame  e Mustafa.

2. Hum kya chatey  aazadi 

3. Pakistan Zindabad

etc.

        These threats became an everyday affair by slogan raising in huge processions where all Local Muslims males ,females and children were on roads. Threats probably through recorded Tapes continued from Mosque Loudspeakers as well.

    

      This was followed by selective killings of Kashmiri Pandits. Somewhere even mass killings in groups. Rapes of young and old. Cutting of body with a bandsaw  after rape.  Every day it continued. Dead bodies of Kashmiri Pandits would be scattered  every day and everywhere. In streets. On Roads. In their homes or in village fields. In storage Drums where a Pandit had taken a refugee in his own home. Bodies Mutilated the ISIS WAY.  Throats slit. Eyes gauged.  Limbs dissociated.  Bullet on forehead where Pandits put a Tilak. Private parts dissociated. 

     

      And all this was done by Kashmiri Muslim  Terrorists at the behest of PAKISTAN. No ISIS was there. None from Sudan ,Syria or Taliban. No Yemenis or Iraqi.  None from Afghanistan or Boko Harm. Only ISI & PAKISTAN  was at work. 

      KASHMIRI Pandits had no option but to leave. We left behind Big Houses with House Hold Goods, Farm lands, Orchards, Business Establishments etc. All of this was looted and grabbed . Vacant and abondened Houses were set on fire . Farm lands were grabbed and tilled by locals distributing produce among themselves. Cattle were taken away as Pandits in Villages had untethered  these Cattle for finding food for themselves or else they could have died. 

     Some exceptions of Local Muslims rendering a helping hand under those circumstances may be there. But the number was too small to have made us feel to ignore threats sight of Killed Pandits and  all that was happening.

     All of a sudden we were on roads after passing BANIHAL  TUNNEL. REFUGEES  IN OUR OWN COUNTRY INDIA that happens to be  Oldest Civilisation and Largest Democracy. Our community scattered GLOBALLY  and lives a life of GYPSIES now. We have built up Houses, raised families, consolidated but are HOMELESS.

MY  PAIN  MY  SORROW.

T. B. Kaul

tbkaul51@gmail.com

FICCI Recommends Revision of IT Slabs For Individual Taxpayers

taxguru.in/income-tax/ficci-recommends-revision-slabs-individual-taxpayers.html

editor4

FICCI Recommends Cut in Corporate Tax Rate, Revision of It Slabs For Individual Taxpayers in Budget 2019-20

NEW DELHI, 13 January 2019: FICCI in its Pre-Budget recommendations for 2019-20 has suggested reduction in the corporate tax rate across the board to 25% (irrespective of turnover) to spur economic growth and increase overall tax collections. The chamber has also suggested revision in the tax slabs for the individual taxpayers with the top 30% rate to be applied beyond Rs 20 lakh annual income.

Along with these, FICCI has also recommended reduction in the rate of Minimum Alternate tax (MAT) among other measures to simplify the tax structure. Some of the major recommendations of the chamber are following: 

1. Reduce corporate tax rate to be competitive in the global market

Contents [hide]

Businesses today are faced with high tax cost leading to increased cost of production and resultant lower surplus for reinvestment and expansion.  The basic corporate tax rate of 30 percent coupled with dividend distribution tax rate of 20% makes the effective tax cost for an Indian company too high. The Government has phased out the tax incentives, the reduction in corporate tax rate has been limited only to companies with certain turnover. With many key global economies going for significant rate cuts, there is a need for India to consider across the board rate cuts for businesses. The historic tax reform legislated by US that cuts the corporate tax rate from a top rate of 35% to 21% is noteworthy. It is very important that India should reassess its tax rate to maintain competitiveness in the global market.

2. Reduce rate of Minimum Alternate Tax

The purpose behind introduction of Minimum Alternate Tax (MAT) was to bring all zero tax companies and to neutralize the impact of certain benefits/incentives. With phasing out of exemptions and incentives under the Act, the current rate of MAT of 18.5% is quite high and has impacted significantly cash flow of companies who otherwise have low taxable income or have incurred tax losses. With the phasing out of exemptions and deductions available under the Act, the burden of MAT should also be gradually reduced from the current levels of 18.5 per cent to a rate which will be commensurate with the phasing out of tax exemptions and incentives.

Presently, the amount of loss brought forward or unabsorbed depreciation whichever is less as per books of account is allowed as a deduction while computing book profit for the purpose of MAT. The said provision adversely affects companies which have huge book losses and less unabsorbed depreciation as they will have to pay MAT despite having ample amount of book losses thereby affecting their cash flows. It is recommended that the methodology for computing loss brought forward and unabsorbed depreciation as per books of account be specifically provided in section 115JB of the Act.

3. Continue weighted deduction on scientific research expenditure

It is well recognised that scientific research is the lifeline of business in all countries of the world. Indian residents are paying huge sums by way of technical services, fees to foreign technicians to upgrade their products and give the customers what latest technology gives globally. If in-house research is continuously encouraged, outgo on account of fees for technical services will reduce and this will help indigenous businesses to grow. Like made in India, ease of doing business and encouragement to start up initiatives of the government, innovation and scientific research initiative should be given equal weightage.

Withdrawal of weighted deduction in respect of scientific research expenditure will put a dent to the ‘Make in India’ initiative of the Government. It is recommended that weighted deductions allowed under the Income Tax Act, 1961 to various modes of scientific research expenditure be continued. The Government can also consider introducing benefits in the form of research tax credits which can be used to offset future tax liability (like those given in developed economies).

4. Allow deduction for corporate social responsibility expenditure

The expenses incurred by the taxpayer on the activities relating to CSR referred to in Section 135 of the Companies Act, 2013 shall not be deemed to be incurred for the purpose of business and hence, shall not be allowed as a deduction for computation of income. The corporate sector spend is effectively assisting the Government in undertaking social projects for the country. Therefore, making an express provision for not allowing a deduction is unfair. It is recommended that a deduction of CSR expenses incurred by the taxpayers pursuant to provisions of the Companies Act should be allowed in computing business income.

5. Taxon income from transfer of carbon credits – Section 115BBG

The controversy surrounding the taxation of income from the transfer of carbon credits has been going on for a while now. Introduction of section 115BBG to the Act providing for a 10% tax on income from transfer of carbon credits is a very welcome move. However, since the amendment is a prospective one, litigation for assessment years prior to AY 2018-19 continues to fester. This coupled with the fact that the global market for carbon credits has all, but collapsed and alternative bilateral offset mechanisms are being explored leads to unnecessary hardship for taxpayers.

It is suggested to extend the benefit of this 10% rate to earlier years also as it will go a long way towards furthering the Government’s stated objective of curbing litigation as also supporting projects that have helped the global environment by reducing carbon emissions. To this end, for the periods prior to Assessment Year 2018-19, we submit that an option may be given to taxpayers to voluntarily offer income from transfer of carbon credits to tax at the same 10% rate as present in section 115BBG of the Act. This can help put an end to protracted litigation on the issue. Considering that such receipts have been held as non-taxable capital receipts by some High Courts, such a move will also benefit the exchequer.

6. Increase threshold limit under Section 80C of the Act

Over the years, investments made in various avenues available under Section 80C of the Act have helped the Government to raise funds as well as the individuals to save tax. The Government may look at increasing the overall deduction limit to at least Rs 300,000 to boost further investment and increase tax savings for the individual.

7. Electronic Meal Card

In 2001, taxation of subsidized/free meals as perquisite was introduced vide Finance Act 2001. The perquisite rules provided that any expenditure incurred by the employer on providing free/subsidized meals to its employees during working hours beyond Rs 50 per meal per employee was taxable in the hands of the employees. It is important to note that no change has been made in the prescribed exemption limit till date. In the year 2001, when the current limit of Rs 50 per meal for exemption purposes was first legislated, an employer could easily provide a sumptuous meal to his employees within the limit of Rs 50 without having to levy any tax on the employees. The average cost of a meal at various outlets which ranges between Rs 225 to Rs 375 per meal clearly highlights the insufficiency of the present limit of Rs 50 per meal. It is recommended that tax-exemption limit of Rs 50 per meal should be revised to at least Rs 200 per meal, to factor in rising inflation and to keep the meal benefit meaningful and relevant for the employee.

8. Allow revenue department to appeal against the order of Dispute Resolution Panel

After the amendment made by the Finance Act, 2016, an assessing officer is not allowed to appeal against the order of DRP. The objective of the amendment as stated in the Memorandum Explaining the provisions of the Finance Bill, 2016 was to minimize litigation. The DRP that was intended to be a quality assessment filter, has lost its effectiveness due to the amendment brought in 2016 by the Finance Act. The Revenue has now been barred from appealing against its directions. This has restricted the freedom of DRP in passing directions favourable to tax payers.  When DRP directions were appealable even by the Revenue, a distinct fairness in its directions was evident. DRP directions, therefore, should again be rendered appealable by the Revenue. It is recommended that the revenue officer should be allowed to appeal against the order of DRP. Suitable amendments in the Income Tax Act be made accordingly.

taxguru.in/income-tax/ficci-recommends-revision-slabs-individual-taxpayers.html

editor4

FICCI Recommends Cut in Corporate Tax Rate, Revision of It Slabs For Individual Taxpayers in Budget 2019-20

NEW DELHI, 13 January 2019: FICCI in its Pre-Budget recommendations for 2019-20 has suggested reduction in the corporate tax rate across the board to 25% (irrespective of turnover) to spur economic growth and increase overall tax collections. The chamber has also suggested revision in the tax slabs for the individual taxpayers with the top 30% rate to be applied beyond Rs 20 lakh annual income.a

Rafale Deal - Nitin Gupta 'Rivaldo' explains - Genius of Rahul Gandhi

Rafale Deal - Nitin Gupta 'Rivaldo' explains - Genius of Rahul Gandhi

Rafale Deal - Nitin Gupta 'Rivaldo' explains - Genius of Rahul Gandhi Nitin Gupta aka Rivaldo answers some questions asked by Rahul Gandhi on Rafale deal. He also asks some questions to Rahul Gandhi. Simple, Sharp & Sarcastic! ...

THOUGHT FOR THE DAY FROM A POST . COM FW ERI BOI

Regards, E.R.Iyer

Mr Justice Sanjiv Khanna, Judge of the Supreme Court of India vis-à-vis Our Case!

DEAR SHRI RAMANATHAN, 

IN NO CASE OUR CASE WILL BE LISTED IN A BENCH WHEREIN MR JUSTICE

SANJEEV KHANNA WILL BE A PART SINCE THE SLPs ARE AGAINST HIS JUDGMENT

ASTHANA

Mr Justice Sanjiv Khanna, Judge of the Supreme Court of India vis-à-vis Our Case! To: c h mahadevan

To

Shri C H Mahadevan, 

.

Mr Justice Sanjiv Khanna of the Delhi High Court now elevated to the Supreme Court  

Dear Mr Mahadevan,

     It was Mr Justice Sanjiv Khanna who (according to my limited knowledge) pushed us back into the Dark Ages in his "judgment" and it can be easily  imagined what would be the fate of our case if, by some quirk of the Unseen Hand, it goes to a bench constituted with him as one of the judges, if not the lead judge!

     I hope to be told that I am looking with my eyes closed for a black cat in a dark room which is not there or reminded of  "Present fears are less than horrible imaginings." 

                 

(― William Shakespeare, Macbeth Act 1 Scene 3).

     Warm regards.

P. Ramanathan.

Death Claim Analysis

GDP & INFLATION DURING LAST 28 YEARS

INCOME TAX BENEFIT ON LIFE INSURANCE

INCOME TAX BENEFIT ON LIFE INSURANCE: Balwant Jain The tax laws allow you certain tax benefit for life insurance premium paid. It also allow you tax exemption in respect...

This THURSDAY THADAAKA OF BANK RETIREES =HUNGAMA HO GAYA

The month long Dharnas of Bank Retirees with great enthusiasm come to an end with self-appraisal remark of Grand Success.

The foremost achievement was mobilisation of members by the organisers at District and State levels for the first time in history of Bank Retirees Movement thanks to the combined efforts of CBPRO & AIBRF..

The next jubilant factor for retirees was meeting maximum numbers of friends/collegues after long time especially in Nationalised Banks.

THOUGHT FOR THE DAY FROM A POST. COM. FW ERI BOI

Regards, E.R.Iyer

Sharing my thoughts with pensioners

Being now with no constraints -self imposed or circumstancial-i am taking the liberty of sharing some of my thoughts for the fortnight old 2019,of course in good humour.
         As the schduled SC hearing is only just about a month away suggestions /views etc will have full flow through the blogs particularly from the 'leaders'.Before saying what I want to,let me compliment m/s Sahni,Gangadharan & sury for doing a good service to the pensioners' community

1) I have seen Shri Mahadevan,'s reference to the system of periodical increase in basic pension in vogue for central Govt's pensioners,I had long back (in      2018) sent a personal representation to the chairman seeking extension of the said benefit to me as a super senior pensioner and I know that around the same time another pensioner also ( not Shri HKA !)had sent an appeal directly to the prime minister.NO response yet is no surprise .Anyway it is worth taking a chance for pensioners under 75 + category. I am reminded of a Tamil proverb "throw a stone aiming a mango ,the stone is bound to fall back but mango also might"

2) As for the case in the SC a new bench will be hearing it for the first time and naturally or unnaturally they would need time to catch up with the crux of the dispute. In my view we should leave the case, atleast till the middle of this year, to the court and the counsels . After all as rightly pointed out by my friend shri Somnath Chhabra it is election time now and it would be wise not to work for a 'speedy Disposal'.It is equally important not to create any further hype.

3) Again the cry for forming a 'Gath bandhan' among the petitioning organisations is in the air.Arising out of my experience in dabbling with the issues of pensioners I would say that the widespread complaint of 'lack of unity' is not well founded as the court proceedings always take their own course and further it is fact there is no history of any organisation having worked on cross purposes against any other party during our long and still pending litigation except perhaps at a very early stage. Better we wait on this proposition .

Good bye for the time being and with best wishes to all for all time to come.-- 

GN Sridharan

One more option to join Group Mediclaim Scheme

Dear Shri Sahniji,

Please find the attachments for the favour of publication in your esteemed blog and oblige.

With regards,

Ashok J.Joshi,

GS, NOIP (BMS)

CLICK LINK BELOW :-

https://drive.google.com/file/d/1MyKZ3h4-2xPtSQ7GO7t2fhP7ZeZ7onpW/view?usp=drivesdk

Group Insurance Scheme to Retirees

Dear Shri Sahniji,

Please find the attachments for the favour of publication in your esteemed blog and oblige.

With regards,

Ashok J.Joshi,

GS, NOIP (BMS) 

EDP GIS 17.1.19.docx

EDP GIS 17.1.19.docx

A very important judgment.docx

A very important judgment.docx

SC orders in our case no., 21826/2017

Diary Number	21826-2017	ROP
Case Number	SLP(C) No.-019799 - 2017	26-11-2018 11-10-2018 30-07-2018 26-07-2018 25-07-2018 16-04-2018 10-01-2018 13-10-2017 25-08-2017 14-08-2017
Petitioner Name	ALL INDIA INSURANCE PENSIONERS ASSOCIATION THR. ITS PRESIDENT
Respondent Name	UNION OF INDIA
Petitioner's Advocate	M. RAMBABU AND CO.
Respondent's Advocate
Bench
Judgment By