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ARTICLE10-MEMBERSHIP SUBSCRIPTION SHALL BE RS.40/- P.M. NFPE-RS.-2/-, CHQ RS. 10/-,CIRCLE RS.10/-, DIVISION/BRANCH RS.18/- PER MEMBER FROM FEBRUARY-2014

Monday, July 6, 2015

Socio Economic and Caste census paints grim picture of rural India

New Delhi: The Socio Economic and Caste Census (SECC) 2011 today painted a grim picture of rural India, indicating that one out of three families living in villages is landless and depends on manual labour for livelihood.

The SECC 2011, also the first paperless census conducted on hand-held electronic devices by the government, said 23.52 percent rural families have no literate adult above 25 years, suggesting a poor state of education among rural masses.

The census, carried out in 640 districts under the aegis of the Rural Development Ministry, was released jointly by Finance Minister Arun Jaitley and Rural Development Minister Chaudhary Birendra Singh here.

According to the census, there are a total number of 24.39 crore households in the country, of which 17.91 crore live in villages. Of these, 10.69 crore households are considered as deprived. The deprivation data reveals that 5.37 crore (29.97 percent) households in rural areas are 'landless deriving a major part of their income from manual labour'. As many as 2.37 crore (13.25 percent) families in villages live in houses of one room with 'kaccha' walls and roof.


It further said that 21.53 percent, or 3.86 crore, families living in villages belong to SC/ST categories. Releasing the census, Jaitley said, "It's after seven-eight decades that we have this document after 1932 of the caste census... It's going to be very important document for all policy makers both at Central and State governments... this document will help us target groups for support in terms of policy planning."

The data, Singh said, "Addresses the multi-dimensionality of poverty and provides a unique opportunity for a convergent, evidence based planning with a Gram Panchayat as unit".

One-third of rural population illiterate in India

New Delhi: Over one-third of Indian population living in rural areas is illiterate even after 68 years of independence, according to the Socio Economic and Caste Census (SECC) 2011.

Around 64 percent of the rural Indian population is literate, the Census data showed.

    
Rajasthan leads the pack of illiterate states with 47.58 percent of its population falling in that category, followed by Madhya Pradesh with 44.19 percent of its people in rural areas being illiterate.

Bihar is at the third place with 43.85 percent and followed by newly carved state Telangana with 40.42 percent population belonging to this category.

However, the most literate state of Kerala has only 11.38 percent population falling under the illiterate category.

After Kerala, Goa has the least illiterate population with 15.42 percent and Sikkim at the third spot with 20.12 percent.

Himachal Pradesh has also done well in terms of improving its literacy rate. The state has only 22.05 percent illiterate population.

All India average of the population having below primary education is 13.97 percent, while middle education pass out is 13.53 percent. The percentage of graduate and higher education is only 3.45 percent across the country. 

However, Goa is ahead of Kerala in term of population with graduate and above education qualification. While Kerala only has 7.75 percent falling in that category, 9.48 percent Goa's population is graduate and above.

46th  indian  labour  conference.

Amid trade unions' strong protest against certain proposed amendments in labour laws, the government will hold the 46th Indian Labour Conference (ILC) to be inaugurated by Prime Minister Narendra Modi on July 17.

"Government will convene 2-3 days long conference from July 17. The Prime Minister will inaugurate the conference," a source said.

This conference is significant in view of ongoing protests by trade unions against the certain proposed amendments that are part of NDA government's labour reforms for improving ease of doing business to give a push to the 'Make in India' initiative.


The unions have strongly opposed some of the amendments that include norms related to easing retrenchment, lay offs and closer of units provision and forming unions under the proposed New Industrial Relations Code.

As many as 11 trade unions, including BJP-backed Bharatiya Mazdoor Sangh, will observe nationwide strike on September 2 against various issues.

Apart from this, the unions had also protested against providing option to EPFO's subscribers to choose between the social security schemes run by the retirement fund body and the New Pension Scheme run by the Pension Fund Regulatory and Development Authority of India (PFRDA).

The ILC, known as the 'Labour Parliament', provides platform to employers' and employees' representatives to share their ideas, reservations and suggestions with the government to improve industrial relations in the country.

Though ILC is an annual feature, the conference was not convened last year. The conference has been chaired in the past by different Labour Ministers and inaugurated by Prime Ministers.

The ILC had first met under the chairmanship of Ramaswami Mudaliar in 1940. Dr B R Ambedkar chaired its four sessions during the pre-Independence period.

After Independence, some of senior most national leaders, like Babu Jagjivan Ram, V V Giri and Gulzarilal Nanda chaired several sessions of the Indian Labour Conference.

The ILC provides the government its suggestions after holding comprehensive discussions that cover wide range of labour issues.

During the 10-year long UPA regime, the government called six labour conferences. The NDA government had called five labour conferences during their term from 1998 to 2004.

Read at: Business Standard


Central Civil Services (Classification, Control and Appeal) Rules, 1965 — Instructions regarding timely issue of Charge-sheet regarding.

F. No. 11012/17/2013-Fstt.(A)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel & Training
Establishment A-III Desk

North Block, New Delhi — 110001
Dated July 3rd 2015

OFFICE MEMORANDUM

Subject: Central Civil Services (Classification, Control and Appeal) Rules, 1965 — Instructions regarding timely issue of Charge-sheet regarding.



The undersigned is directed to refer to DoP&T O.M. of even no. dated 2nd January, 2014 regarding consolidated instructions on suspension and to say that in a recent case, Ajay Kumar Choudhary vs Union of India Civil Appeal No. 1912 of 2015 dated 16/02/2015 the Apex Court has directed as follows:

We, therefore, direct that the currency of Suspension Order should not extend beyond three months if within this period the Memorandum of Charges/ Chargesheet is not served on the delinquent officer/ employee;

2. It is noted that in many cases charge sheets are not issued despite clear prima facie evidence of misconduct on the ground that the matter is under investigation by an investigating agency like Central Bureau of Investigation etc. In the aforesaid judgement the Hon’ble Supreme Court has superseded the direction of the Central Vigilance Commission that pending a criminal investigation departmental proceedings are to be held in abeyance.

3. In this connection, attention is invited to this Department G.M. No. 35014/1/81- Estt.A dated 9.11.1982 which contained the guidelines for timely issue of charge-sheet to Charged officer and to say that these instructions lay down, inter-alia, that where a Government servant is placed under suspension on the ground of “Contemplated” disciplinary proceedings, the existing instructions provide that every effort would be made to finalise the charges, against the Government servant within three months of the date of suspension. If these instructions are strictly adhered to, a Government servant who is placed under suspension on the ground of contemplated disciplinary proceedings will become aware of the reasons for his suspension without much loss of time. The reasons for suspension should be communicated to the Government servant concerned at the earliest, so that he may be in a position to effectively exercise the right of appeal available to him under Rule 23 (i) of the CCS (CCA) Rules, 1965, if he so desires. The time-limit of forty five days for submission of appeal should be counted from the date on which the reasons for suspension arc communicated.

4. All Ministries/ Departments are requested to bring the above guidelines to the notice of all concerned officials for compliance.

(Mukesh Chaturvedi)
Director (E)

Source: www.persmin.nic.in

Friday, July 3, 2015


MANY NEWS ARE COMING ABOUT PAYMENT BANK LICENSE TO DOP, SO WE MUST KNOW WHAT WILL HAPPEN WHEN DOP WILL GET IT .HERE IS THIS INFO

       The Payments Bank will be set up as a differentiated bank and shall confine its activities to further the objectives for which it is set up. Therefore, the Payments Bank would be permitted to undertake only certain restricted activities permitted to banks under the Banking Regulation Act, 1949, as given below:

      Acceptance of demand deposits, i.e., current deposits, and savings bank deposits. The eligible deposits mobilised by the Payments Bank would be covered under the deposit insurance scheme of the Deposit Insurance and Credit Guarantee Corporation of India (DICGC). Given that their primary role is to provide payments and remittance services and demand deposit products to small businesses and low-income households, Payments Banks will initially be restricted to holding a maximum balance of Rs. 100,000 per customer. After the performance of the Payments Bank is gauged by the RBI, the maximum balance can be raised. If the transactions in the accounts conform to the “small accounts”1 transactions, simplified KYC/AML/CFT norms will be applicable to such accounts as defined under the Rules framed under the Prevention of Money-laundering Act, 2002.

Payments and remittance services through various channels including branches, BCs and mobile banking. The payments / remittance services would include acceptance of funds at one end through various channels including branches and BCs and payments of cash at the other end, through branches, BCs, and Automated Teller Machines (ATMs). Cash-out can also be permitted at Point-of-Sale terminal locations as per extant instructions issued under the PSS Act. In the case of walk-in customers, the bank should follow the extant KYC guidelines issued by the RBI.

Issuance of PPIs as per instructions issued from time to time under the PSS Act.

Internet banking - The RBI is also open to applicants transacting primarily using the Internet. The Payments Bank is expected to leverage technology to offer low cost banking solutions. Such a bank should ensure that it has all enabling systems in place including business partners, third party service providers and risk managements systems and controls to enable offering transactional services on the internet. While offering such services, the Payments Bank will be required to comply with RBI instructions on information security, electronic banking, technology risk management and cyber frauds.

Functioning as Business Correspondent (BC) of other banks – A Payments Bank may choose to become a BC of another bank for credit and other services which it cannot offer.

The Payments Bank cannot set up subsidiaries to undertake non-banking financial services activities. The other financial and non-financial services activities of the promoters, if any, should be kept distinctly ring-fenced and not comingled with the banking and financial services business of the Payments Bank.

The Payments Bank will be required to use the word “Payments” in its name in order to differentiate it from other banks.

DEPLOYMENT OF FUNDS

The Payments Bank cannot undertake lending activities. Apart from amounts maintained as Cash Reserve Ratio (CRR) with RBI, minimum cash in hand and balances with a scheduled commercial bank/RBI required for operational activities and liquidity management, it will be required to invest all its monies in Government securities/Treasury Bills with maturity up to one year that are recognized by RBI as eligible securities for maintenance of Statutory Liquidity Ratio (SLR). The Payments Bank will participate in the payment and settlement system and will have access to the inter-bank uncollateralised call money market and the collateralised CBLO market for purposes of temporary liquidity management.

CAPITAL REQUIREMENT


Since the Payments Bank will not be allowed to assume any credit risk, and if its investments are held to maturity, such investments need not be marked to market and there may not be any need for capital for market risk. However, the Payments Bank will be exposed to operational risk. The Payments Bank will also be required to invest heavily in technological infrastructure for its operations. The capital will be utilised for creation of such fixed assets. Therefore, the minimum paid up voting equity capital of the Payments Bank shall be Rs. 100 crore. Any additional voting equity capital to be brought in will depend on the business plan of the promoters. Further, the Payments Bank should have a net worth of Rs 100 crore at all times. The Payments Bank shall be required to maintain a minimum capital adequacy ratio of 15 per cent of its risk weighted assets (RWA) on a continuous basis, subject to any higher percentage as may be prescribed by RBI from time to time. However, as Payments Banks are not expected to deal with sophisticated products, the capital adequacy ratio will be computed under simplified Basel I standards.

As the Payments Bank will have almost zero or negligible risk weighted assets, its compliance with a minimum capital adequacy ratio of 15 per cent would not reflect the true risk. Therefore, as a backstop measure, the Payments Bank should have a leverage ratio of not less than 5 per cent, i.e., its outside liabilities should not exceed 20 times its net-worth / paid-up capital and reserves.

PROMOTER’S CONTRIBUTION

The promoter’s minimum initial contribution to the paid up voting equity capital of Payments Bank shall be at least 40 per cent which shall be locked in for a period of five years from the date of commencement of business of the bank. Shareholding by promoters in the bank in excess of 40 per cent shall be brought down to 40 per cent within three years from the date of commencement of business of the bank. Further, the promoter’s stake should be brought down to 30 per cent of the paid-up voting equity capital of the bank within a period of 10 years, and to 26 per cent within 12 years from the date of commencement of business of the bank. Proposals having diversified shareholding and a time frame for listing will be preferred.

FOREIGN SHAREHOLDING

The foreign shareholding in the bank would be as per the extant FDI policy.

Voting Rights And Transfer/Acquisition Of Shares

As per Section 12 (2) of the Banking Regulation Act, 1949, the voting rights in private sector banks are capped at 10 per cent, which can be raised to 26 per cent in a phased manner by the RBI. Further, as per Section 12B of the Act ibid, any acquisition of 5 per cent or more of voting equity shares in a private sector bank will require prior approval of RBI. This will also apply to the Payments Banks.

PRUDENTIAL NORMS

As the Payments Bank will not have loans and advances in its portfolio, it will not be exposed to credit risk and, the prudential norms and regulations of RBI as applicable to loans and advances, will therefore, not apply to it. However, the Payments Bank will be exposed to operational risk and should establish a robust operational risk management system. Further, it may face liquidity risk, and therefore is required to follow RBI’s guidelines on liquidity risk management, to the extent applicable.

BUSINESS PLAN

The applicants for Payments Bank licences will be required to furnish their business plans and project reports with their applications. The business plan will have to address how the bank proposes to achieve the objectives of setting up of Payments Banks. The business plan submitted by the applicant should be realistic and viable. Preference will be given to those applicants who propose to set up Payments Banks with access points primarily in the under-banked States / districts in the North-East, East and Central regions of the country. However, to be effective, the Payments Bank should ensure widespread network of access points particularly to remote areas, either through their own branch network or BCs or through networks provided by others. The bank is expected to adapt technological solutions to lower costs and extend its network. In case of deviation from the stated business plan after issue of licence, RBI may consider restricting the bank’s expansion, effecting change in management and imposing other penal measures as may be necessary.

CORPORATE GOVERNANCE

The Board of the Payments Bank should have a majority of independent Directors.

The bank should comply with the corporate governance guidelines including ‘fit and proper’ criteria for Directors as issued by RBI from time to time.

SOURCE :RBI

Thursday, July 2, 2015

Electronic Filing of Income Tax Returns for 2015-16 Commences; ITR 1-Sahaj, 2 and 2A can be Used by Individuals or HUF Whose Income Does not Include Income from Business;

ITR 4S - SUGAM can be Used by an Individual or an HUF Whose Income Includes Business Income Assessable on Presumptive Basis; Taxpayers Requested to E-File Their Returns Early to Avoid the Rush Closer to the Last Date of Filing.
Important [click to view]

The Income Tax Department has released the software for preparing the Income Tax Return forms 1- SAHAJ, 2, 2A and 4S- SUGAM for AY 2015-16. The e-filing of these return forms has been enabled on the e-filing website-https://incometaxindiaefiling.gov.in.

ITR 1-SAHAJ, 2 and 2A can be used by individual or HUF whose income does not include income from business. ITR 4S - SUGAM can be used by an individual or HUF whose income includes business income assessable on presumptive basis. The elaborate details of the persons who can use these forms are available in the instructions for filling the forms.

The facility for pre-filling of information for these return forms is available in the software for preparing the return forms. When the taxpayer exercises this option and just fills in his PAN, then personal information and information on taxes paid and TDS will be auto-filled in the form. Taxpayers are requested to use the returnpreparation software available free of cost under the ‘Downloads’ section on the home page of the Income Tax Department’s e-filing website-https://incometaxindiaefiling.gov.in. The use of Departmental software will ensure preparation of error-free returns thereby avoiding any need for future rectification due to data validationmistakes.

Taxpayers are requested to e-file their returns early to avoid the rush closer to the last date of filing. [view] 
PIB


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The department of personnel and training (DoPT) has written to all central government ministries asking them to comply with Section 4 of the Right to Information (RTI) Act and suo motu disclose all governance related information in public domain.

No.1/34/2013-IR
Government of India
Ministry of Personnel. Public Grievances and Pensions
Department of Personnel and Training
North Block, New Delhi-1
Dated: 29th June 2015

Office Memorandum

Subject: Implementation of Suo Motu Disclosure under Section 4 of RTI Act, 2005


Attention is invited to detailed guidelines on implementation of suo motu disclosure under Section 4 of RTI Act, 2005 issued vide this department's O.M. No.1/6/2011-IR dated 15.4.2013. Subsequently, a Committee of experts consisting of Shri A.N.Tiwari, Chief Information Commissioner(Retd) and Dr. M.M.Ansari, Information

Commissioner(Retd) (of Central Information Commission) was constituted to recommend, interalia, measures to further strengthen implementation of Section 4 of the RTI Act, 2005. The Committee has, interalia, made the following recommendations which have been duly accepted by the competent authority:-

1) All the details of the public authority may be uploaded on its website. Access to information should be made user-friendly for which appropriate information technology infrastructure should be suitably designed. developed and operationalised.

2) All the training modules for professional upgradation of employees should incorporate matter relating to the virtues of transparency and open government and RTI law.

3) In order to minimise the burden of servicing RTI applications. the public authorities with high public dealings should put in place an effective system to redress the grievances of affected persons. At the sub-organisational levels, there should be cooperation and coordination between the Central Public lnforrnation Officers and the officers responsible for addressing public grievances.

4) In order to reduce the number of RTI applications relating to service matters, the information relating to recruitment, promotion and transfers should be brought into public domain promptly.

5) The retention and maintenance of specific documents for specified duration should be clearly spelt by each public authority in respect of its documents.

2. All the public authorities are requested to follow the above recommendations.


(Sandeep Jain)
Director

Source: http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02rti/RTI-29062015.pdf