Wednesday, 8 December 2021
*वंदे मातरम🚩* 🙏🚩🇮🇳🔱🏹🐚🕉️
Proud to be Indian, In and Out
UNFOLDING of AIRIEF SILVER JUBILEE CELEBRATIONS IN ONE FORM OR ANOTHER,..CLASSIC COMPENDIUM :SERIES No 2
=
- UNFOLDING of AIRIEF SILVER JUBILEE CELEBRATIONS IN ONE FORM OR ANOTHER,..CLASSIC COMPENDIUM :SERIES No 2 & 3
ED(Retd),LIC,PROBUS LIFE MEMBER,
044-28155810 / 098403 40591
__VISIT airiefvision.wordpress.com______
Section 80C deduction eligible on LIC Jeevan Akshay-VII Plan
Scheduled Commercial Banks recover Rs 90 crore from financial frauds in last 5 years
Government of India
Ministry of Finance
06 DEC 2021 5:29PM by PIB Delhi
The Reserve Bank of India (RBI) has launched the 'RBI Retail Direct Scheme' and 'Integrated Ombudsman Scheme, 2021'. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in written reply to a question in Lok Sabha today.
Details along with salient features of the both the schemes are in ANNEXURE.
The Minister stated that the Government has not conducted any survey to find out the extent to which these schemes will be able to expand the scope of investment, access to capital markets, and security for investors but the Reserve Bank of India has designed the Scheme based on the feedback received from the market participants for simplifying the access to the G-Sec market by retail investors. The online portal developed for the Scheme is secure and user-friendly. The scheme expects to bring the government securities within easy reach of the general public by simplifying the investment process and widening the investor base, the Minister stated.
The Minister further stated that the RBI Retail Direct Scheme is expected to widen the investor base for the government securities which may result in increased demand for these securities leading to reduced cost of borrowing for the Government. Secondly, the increased retail participation in Indian government securities (G-sec) will improve G-sec market liquidity which would facilitate further deepening of the Indian G-sec market. A well-developed G-sec market bodes well for the development of other segments of the Indian fixed income market.
****
RM/KMN
All About Form 26AS under Income Tax Act
Tuesday, 7 December 2021
DB Special Appeal Writ No. 695/2021 JUDGMENT DATED 06-12-2021.pdf
Nawab Malik Prima Facie Breached Undertaking To Not Make Statements Against Sameer Wankhede Family : Bombay High Court
Some Important Issues......
FEDERATION OF RETIRED LIC CLASS I OFFICERS' ASSOCIATIONS
Acting President : P.P.Dhamija R-6/104, Raj Nagar, GHAZIABAD – 201002. Tel: 0120-4107104 / 9810186067 Email Id – premdhamija38@gmail.com | General Secretary : D Krishnan No.6/1, Sreshta Riverside Apartments, Wood Creek Road, Nandambakkam, Chennai - 600089 Tel : 9176635967 / 044 42850049. Email Id - dkrishnan1@gmail.com |
E circular No.DK/79 07-12-2021
Dear Friends,
Reg:
Honestly speaking, there has been no substantive progress on our important matters, including Family Pension, where even around Diwali, ie., the first week of November, the Notification meant for us was reportedly with the Language Dept. for translation to Hindi… Now it is over a month, and still it has not seen the light of day. However, I reckon, we have no reasons for despair, as all Governmental matters go through such vicissitudes depending upon what is 'Urgent' in their circles.
What is heartening to observe is the manner in which the Retired Bank Employees' Federation has been knocking at the doors of power relentlessly, on the Pension Revision matter, causing some ripples, if not waves. Yes, they even managed to raise a question in the Lok Sabha through a Calling Attention Notice, where the MP's question is worded in an interesting manner. (Reproduced here).
Bank Pensioners have also gone up to the Supreme Court in an SLP on the Pension Up-gradation matter. When their Case came up on 29-11-2021 before the SC Bench, the IBA and the Government Representative requested for some more time, as they were yet to receive updates from the Committee appointed to go into the matter. (Text Reproduced here).
The other information regarding likelihood of our Dearness Relief going up is that there could be an increase of at least 30 slabs for employees in service from Dec 2021 and 67 slabs for Retired employees with effect from 1-2-22. (Actual Text of info reproduced here).
*DA news FLASH* *Circulated for LIC*
*CPI for July 2021 - 122.8* *CPI for Aug 2021 - 123.0* *CPI for Sept 2021 - 123.3*
*(The average of last quarter July to Sept 2021 was 8088 (8105.57 for Sept 2021)*
*CPI for Oct 2021 - 124.9* / *CPI for Nov 2021 - 000.0* / *CPI for Dec 2021 - 000.0*
*(The average AICPI of last two quarters*
*April to June 2021 - 7940* / *July to Sept 2021 - 8088* / *Oct to Dec 2021 - 0000*
*LIC/GIC/BANKS EMPLOYEES ARE ENTITLED FOR 37 DR SLABS WEF 01.11.2021 AT AICPI-IW 8088.*
*If it remains the same for Nov 2021 and Dec 2021, there will be increase of 30 slabs for employees and 67 slabs for retired employees wef 01.02.2022*
Incidentally, we from the Federation addressed letters to our LIC ED (P), and another one to the Chairman CBDT on Family Pension Improvement for Pre-1986 retirees . Both speak for the matters in question and need no further expatiation. Also enclosed is the circular from CO regarding the premium for Group Insurance for in-service as well as retirees. ( All three Letters are Reproduced as Attachments.)
The AGMs of Trissur (10-12-2021) and Ernakulam (11-12-2021) Associations are planned out and I am likely to be attending both. Chennai too would soon follow suit, it is expected. The Odisha Assn. AGM was conducted in the on-line mode on 21-11-2021, and I had the privilege of being an invitee there. It was very well conducted with Muting and Unmuting being systematically done by members so that only one person was talking at a time. It was held for about 2 hours and went off very impressively with very little technical glitches. More, as they come in ….
With Greetings and Best Wishes to all
D.Krishnan


