Today's Cancelled Trains
Railway Board
08:04
Taken Measures are intended at reaching out to the poorest of the poor-Finance Minister
Taken Measures are intended at reaching out to the poorest of the poor-Finance Minister
Showing posts with label central goverment. Show all posts
Showing posts with label central goverment. Show all posts
Friday, 27 March 2020
Monday, 14 November 2016
Pensioners
08:26
Pensioner News:Annual Life Certificate for Pensioners Submission Date Extended
Pensioner News:Annual Life Certificate for Pensioners Submission Date Extended
The last date for submission of the annual life certificate for the Government Pensioners which is to be submitted in November every year has been extended up to January 15, 2017.
Source:PIBNEWS
Sunday, 30 October 2016
Railway Employees News
07:50
Railway Unions demand 3% DA hike
Railway Unions demand 3% DA hike
New Delhi: Expressing “dissatisfaction” over over the announcement of 2 per cent increase in dearness allowance by the government, railway unions have demanded it be raised to 3 per cent.
We have expressed dissatisfaction over the announcement of a meagre 2 per cent rise in DA by the Central government from July 1, 2016, National Federation of Indian Railwaymen M Raghavaiah said.
Ahead of Diwali, the Centre has announced 2 per cent dearness allowance for Central government employees effective from July.
“Central government employees and pensioners have been waiting eagerly for the announcement of DA since September 2016. But we are disappointed that the government has announced only 2 per cent whereas the 12-month average of Consumer Price Index for Industrial Workers from 1 July 2015 to 30 June 2016, works out to be 2.92 per cent,” Raghavaiah said and added “The Government ought to have been considerate in announcing this half-yearly hike in DA and rounded off to 3 per cent.”
All India Railwaymen Federation General Secretary S Gopal Mishra said 2 per cent DA is not satisfactory and it should be raised to 3 per cent.
Monday, 29 August 2016
IMPACT OF NEW FDI POLICY ON EMPLOYMENT & ECONOMY
IMPACT OF NEW FDI POLICY ON EMPLOYMENT & ECONOMY
Foreign direct investment is a lead economic component which indicates the investment climate in the economy and helps build investors' confidence domestically and internationally. FDI helps to create technological advancements, increase competitiveness of the industry, enhance capital stock, step up infrastructural base and thus reflects the overall level of prosperity in the economy. Post liberalization of Indian economy since 1991s, India has gone a long way in attracting FDI from different economies of the world across an entire gamut of sectors. With the continuous pace of reforms, FDI up to 100% is allowed under the automatic route in many sectors of the Indian economy.
The objective of inviting large chunks of FDI is to provide better career prospects to our youth, to generate employment opportunities and to give a push to overall economic growth and development. With the advent of continuous pace of reforms in attracting FDI, Indian economy has scripted its presence as one of the fastest growing economies of the world economic system and has emerged as a key destination for attracting FDI in the recent years. Foreign companies invest in India to take advantage of relatively lower wages, availability of large scale skilled, unskilled and semi skilled workforce and special investment privileges such as tax exemptions.
Today, India has been considered as one of the favourite FDI investment destinations across the world. The total annual FDI inflows to India have increased by nine fold over the last fifteen years. FDIs were at USD 6.1 billion in FY2002, which scaled up to USD 55.5 billion in FY2016.
FDI inflows growth remains steady over the past fifteen years with a CAGR of 16%. The FDI growth was at 52.1% in FY2002, which scaled up to a peak level of 155% in FY2007 during the period of five years. Further, FDI inflows growth was at 34% in FY2012 and stands at about 23% in FY2016.
Top ten investing countries in India
Among the top ten investing countries in India, Mauritius is the largest investor with a share of 33% in total FDI equity inflows during April 2000 to March 2016, followed by Singapore with a share if 16%, U.K. at 8%, Japan at 7%, USA and Netherlands at 6% each, Germany and Cyprus at 3% each, France at 2% and UAE at 1%.
Services sector- Prominent sector attracting largest share of FDI inflows
Services sector is holding the largest pie in the total FDI equity inflows at about 18% during the period April 2000 to March’16, followed by construction development sector at about 8%, computer software and hardware contributing share of about 7% in total FDI equity inflows.
State Wise FDI Equity Inflows
Among the top ten states or UTs attracting FDI equity inflows, Mumbai is attracting the largest share of total FDI equity inflows at 29% during April 2000 to March 2016, followed by New Delhi at 22%, Chennai and Bangalore at 7% each and Ahmedabad at 5%.
Easing FDI norms in India to push job creation and infrastructure development
Over the years, Government of India has brought major FDI policy reforms in a number of sectors viz. Defence, Construction Development, Insurance, Pension Sector, Broadcasting Sector, Tea, Coffee, Rubber, Cardamom, Palm Oil Tree and Olive Oil Tree Plantations, Single Brand Retail Trading, Manufacturing Sector, Limited Liability Partnerships, Civil Aviation, Credit Information Companies, Satellites- establishment/operation and Asset Reconstruction Companies. However, keeping in view our economy’s potential to attract far more foreign investment, Government has recently in June 2016 further liberalized and simplified the FDI regime particularly for food products, defence sector, broadcasting carriage services, pharmaceutical, civil aviation, private security agencies, establishment of branch office, liaison office or project office, animal Husbandry and single brand retailing.
Recent FDI reforms to rationalise and simplify process of foreign investments in India
In order to boost the investment environment and attract large chunks of investments, Government has recently liberalised FDI norms in sectors such as food products manufacturing, defence sector, broadcasting carriage services, pharmaceutical, civil aviation, private security agencies, establishment of branch office, liaison office or project office, animal Husbandry and single brand retail trading which are discussed below.
*Food products manufactured/produced in India- Government has permitted 100% FDI under government approval route for trading, including through e-commerce, in respect of food products manufactured or produced in India.
*Defence Sector - Present regime permits 49% FDI participation in the equity of a company under automatic route. Foreign investment beyond 49% has now been permitted through government approval route. FDI limit for defence sector has also been made applicable to Manufacturing of Small Arms and Ammunitions covered under Arms Act 1959.
*Broadcasting Carriage Services- Government has allowed 100% FDI under automatic route for Teleports(setting up of up-linking HUBs/Teleports),Direct to Home (DTH),Cable Networks (Multi System operators (MSOs) operating at National or State or District level and undertaking upgradation of networks towards digitalization and addressability),Mobile TV, Headend-in-the Sky Broadcasting Service(HITS). Further, 100% FDI is allowed under automatic route in Cable Networks (Other MSOs not undertaking upgradation of networks towards digitalization and addressability and Local Cable Operators (LCOs))
*Pharmaceutical- The extant policy on pharmaceutical sector provides 100% FDI under automatic route in greenfield pharma and up to 100% under government approval in brownfield pharma. With the objective of promoting the development of this sector, it has been decided to permit up to 74% FDI under automatic route in brownfield pharmaceuticals and government approval route beyond 74% will continue.
*Civil Aviation Sector- The extant policy on Airports permits 100% FDI under automatic route in Greenfield Projects and 74% FDI in Brownfield Projects under automatic route. FDI beyond 74% for Brownfield Projects is under government route. Now, 100% FDI is permitted under automatic route in Brownfield Airport projects. As per the present FDI policy, foreign investment up to 49% is allowed under automatic route in Scheduled Air Transport Service/ Domestic Scheduled Passenger Airline and regional Air Transport Service.
It has now been decided to raise this limit to 100%, with FDI up to 49% permitted under automatic route and FDI beyond 49% through Government approval. For NRIs, 100% FDI will continue to be allowed under automatic route. However, foreign airlines would continue to be allowed to invest in capital of Indian companies operating scheduled and non-scheduled air-transport services up to the limit of 49% of their paid up capital and subject to the laid down conditions in the existing policy.
*Private Security Agencies- The extant policy permits 49% FDI under government approval route in Private Security Agencies. FDI up to 49% is now permitted under automatic route in this sector and FDI beyond 49% and up to 74% would be permitted with government approval route.
*Establishment of branch office, liaison office or project office- For establishment of branch office, liaison office or project office or any other place of business in India if the principal business of the applicant is Defence, Telecom, Private Security or Information and Broadcasting, it has been decided that approval of Reserve Bank of India or separate security clearance would not be required in cases where FIPB approval or license/permission by the concerned Ministry/Regulator has already been granted.
*Animal Husbandry- As per FDI Policy 2016, FDI in Animal Husbandry (including breeding of dogs), Pisciculture, Aquaculture and Apiculture is allowed 100% under Automatic Route under controlled conditions. It has been decided to do away with this requirement of ‘controlled conditions’ for FDI in these activities.
*Single Brand Retail Trading- It has now been decided to relax local sourcing norms up to three years and a relaxed sourcing regime for another five years for entities undertaking Single Brand Retail Trading of products having ‘state-of-art’ and ‘cutting edge’ technology.
FDI reforms to push employment generation, youth empowerment and a boost to economic growth
With the easing of recent FDI reforms, the process of inviting foreign investments is simplified to save time and energy of the investors. The increase in sectoral caps, bringing more activities under automatic route and easing of conditionalities for foreign investment will make India a more open economy in the world economic system. The FDI policy pronouncements will help in creating additional jobs as well as induce employment and spur up the Make-in-India program with emphasis on driving both foreign and domestic investments.
The domestic investment environment will also be boosted with large scale foreign investments offerings in the promising sectors of the economy. Further, millions of the youth of our country will be benefitted as remunerative employment or entrepreneurial opportunities will be created in the coming times.
Impact of recent FDI reforms on select sectors of the economy
*Food products manufactured or produced in India : To provide impetus to the country’s food processing sector and facilitate in strengthening agri infrastructure.
*Defence Sector : To facilitate investments from several global defence companies for setting up of manufacturing base in India and to promote prestigious Make in India initiative of the Government.
*Broadcasting Carriage Services : To facilitate implementation of speedy process of digitization and promote infrastructure development, better satellite capacity and expected to enhance multi system operators in rural markets.
*Pharmaceutical : FDI up to 74% under automatic route in brownfield pharmaceuticals to boost mergers and acquisitions and private equity investments in the sector.
*Civil Aviation Sector : To encourage modernization of the existing airports to establish a high standard and help ease the pressure on the existing airports.
*Private Security Agencies : To expedite investments in private security sector and enhance skill development of security guards. This will further open up avenues for generating employment opportunities particularly among the young unskilled workforce.
*Establishment of branch office, liaison office or project office : To promote ease of setting up of branch offices, liaison offices or project offices in cases where the principal business is of Defence, Telecom, Private Security or Information and Broadcasting.
*Animal Husbandry : To promote development of animal husbandry sector, invite several research and development agencies in bringing their new and modern technology to India to improve animal breeds in our country.
*Single Brand Retail Trading : To enhance investments in single brand retail and promote technological development in the sector. Setting up of manufacturing units in India will be promoted and employment opportunities will be generated in the economy.
Conclusions
Foreign Direct Investments plays a crucial role for an accelerated economic growth. In India, post the 1991 economic reforms, the regulatory environment in terms of Foreign Direct Investments has been consistently eased to make it more and more investor-friendly and to supplement domestic capital, technology and skills.
Recent FDI policy pronouncements in various sectors of the economy are expected to attract chunk of investments and create additional jobs as well as induce employment and spur up the Make-in-India program. Increase in sectoral caps, bringing more activities under automatic route and easing of conditionalities for foreign investment will make India a more open economy in the world economic system. FDI reforms were very crucial at this juncture which will lead to further FDI inflows which already increased from around US$36 billion in FY2014 to US$55.5 billion in FY2016 due to recent initiatives of the government. Pro-active reforms oriented decisions taken by the government particularly for easing of FDI rules in various sectors of the economy are going to push employment generation, youth empowerment and a boost overall economic growth in the coming times. To sum up, India has only recently begun to attract global capital and given the size of the economy, and its perceived high growth potential, it will remain an attractive investment destination as long as policy towards investment in general and FDI in particular is seen to be supportive. Hence, the Government must continue the pace of reforms to make India more and more attractive for Make in India.
Courtesy:Mr.Surbhi Sharma.
Source:Employment News
Sunday, 12 June 2016
Tuesday, 3 May 2016
Health Scheme
16:20
Expanding CGHS Network
Expanding CGHS Network
The criteria fixed for setting up a Central Government Health Scheme (CGHS) dispensary in a particular area is as under:-
(i) In an existing CGHS city:- For opening of a new Allopathic CGHS dispensary in an existing CGHS city, there has to be a minimum of 2000 Card holders (serving employees of Central Government and Central Civil pensioners).
(ii) Extension of CGHS to a new City:- For extension of CGHS to a new city, there has to be a minimum of 6,000 Card holders.
As the resources under CGHS are fully committed, it is not possible at present to extend CGHS network to areas that are presently not covered even with the existing criteria.
The Health Minister, Shri J P Nadda stated this in a written reply in the Rajya Sabha here today.
Source:PIBNEWS
Thursday, 29 October 2015
Pensioners
07:38
Strengthening of administration - Periodical Review under FR 56 (j)/ FR 56 (L) / Rule 48 of CCS (Pension) Rules, 1972
Strengthening of administration - Periodical Review under FR 56 (j)/ FR 56 (L) / Rule 48 of CCS (Pension) Rules, 1972
Source :http://aiamshq.blogspot.in/
Monday, 31 August 2015
vigilance
09:35
MoUD to chalk-out Guidelines for deciding Metro fare
MoUD to chalk-out Guidelines for deciding Metro fare
The Union Ministry of Urban Development (MoUD) has decided to come up with clear guidelines for the Fare Fixation Committee (FFC). It has set up a committee to decide the functioning and what factors would be considered while recommending fares.
Also, MoUD has sent a fresh list containing names of five retired judges for selection of chairman of Delhi Metro Fare Fixation Committee, after five earlier proposals were rejected by the Appointments Committee of Cabinet (ACC).
A fresh list has been sent to the Department of Personnel & Training (DoPT) for obtaining the approval of ACC, sources in the Urban Development Ministry said.
The list consists of names of Justice (retd) M L Mehta of Delhi High Court, and four retired judges of Allahabad HC – Justice Satish Chandra, Justice Virendra Vikram Singh, Justice Ashok Srivastava, and Justice Rajes Kumar.
After the rejection of earlier five panels, this time the Urban Development Ministry has sent the maximum names of five retired judges after procuring the list from the LawMinistry, the sources said.
The Appointments Committee of Cabinet, headed by Prime Minister Narendra Modi, had declined the last proposal with names of three retired judges in February 24 this year, with direction to bring a fresh list for selection of chairperson and two members of Fare Fixation Committee.
Names of an Additional Secretary of the Urban Development Ministry and the Principal Secretary (Finance/Vigilance) of Delhi Government have been suggested as the committee members.
The Ministry had sent the first panel with the name of one retired judge in December 18, 2012, which was declined in February 7, 2013. Another proposal was sent in March 21, 2013, and was rejected in April 26 that year. The third proposal was sent to DoPT in October 31, 2013 and rejected on December 11. The ACC rejected the fourth proposal on March 26, 2014.
Fares of Delhi Metro were last revised in 2009 when the minimum fare was raised from Rs 6 to Rs 8 and the maximum from Rs 22 to Rs 30.
Since then there has been a significant increase in input cost including 94 per cent rise in power tariff. In the past three years, Delhi Metro Rail Corporation has made several requests to the Urban Development Ministry for constitution of FFC for raising fares.
Delhi Metro can revise its fares only on recommendation of the three-member Fare Fixation Committee constituted by the central government from time to time.
Saturday, 29 August 2015
Narendra Modi
00:12
Four Month Extension of Term of 7th Central Pay Commission Extension of the term of the 7th Central Pay Commission
Four Month Extension of Term of 7th Central Pay Commission Extension of the term of the 7th Central Pay Commission
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the extension of the term of the 7th Central Pay Commission by four months up to 31.12.2015.
The 7th Central Pay Commission was constituted by the Central Government on 28.2.2014. According to the Resolution dated 28.2.2014, by which the Commission was constituted, it is to make its recommendations within 18 months of the date of its constitution that is by 27th August, 2015.
In view of its volume of work and intensive stake-holders’ consultations, the 7th Central Pay Commission had made a request to the Government for a four month extension up to 31.12.2015.
Friday, 3 July 2015
Uttarpradesh
08:32
Reluctance of UP, Bihar and WB to avail Subsidized Foodgrains from FCI inflicts a loss of Rs.300 Crore to IR
Reluctance of UP, Bihar and WB to avail Subsidized Foodgrains from FCI inflicts a loss of Rs.300 Crore to IR
New Delhi: Reluctance of Uttar Pradesh, Bihar and West Bengal to avail subsidized foodgrains from the Food Corporation of India (FCI) has put the railways in a spot.
The national transporter is suffering a loss of around Rs 90 crore every month as FCI has drastically cut down the loading of foodgrains after the three states reduced off-take, sources said.
The substantial cut in loading target is due to the food ministry and FCI’s failure to take up the issue with the these states, which have the maximum number of poor and have been the biggest taker of subsidized foodgrains, said a top government source.
He said the loading target was slashed by FCI without prior information to the railways that led to large number of rakes lying idle.
FCI attributed it to a sudden cut to reduced off-take of its foodgrains by these states, saying they would compensate the shortfall through local procurement.
A senior official found the food ministry and FCI’s indifference to the issue intriguing.
“At a time when FCI has a stock of around 24 million tonnes of wheat procured this year under relaxed norms which have a shorter shelf life of 8 to 10 months, the Centre and FCI must act to transport the wheat from Punjab and Haryana to consumer states at the earliest,” he said.
“Food grain loading of railways is at an all-time low and its wagon capacity is being wasted,” said another official adding that the railways has already lost around Rs 300 crore in three months of the lean season (March-August).
The railways has also warned that it would not be possible for it to meet the higher demand for transportation of food grains in coming months to make up the shortfall as there would be demand for wagons for transporting imported fertilizers and other commodities.
Tuesday, 23 June 2015
Railway union
21:28
Railway union members to oppose Debroy Commission report, protest on 25th
Railway union members to oppose Debroy Commission report, protest on 25th
Ahmedabad (ADI): J G Mahurkar, general secretary of Western Railway Mazdoor Sangh (WRMS), announced widespread protest against the recommendations of the Bibek Debroy Commission report on Indian Railways and said that the railway workers would not tolerate the sweeping changes. The union members would stage protests at various Divisional RM offices on June 25.
Talking to the media, Mahurkar said that a decade ago the Rakesh Mohan Committee report was tabled which was criticized and shelved. “The present government has brought back the same report in the new garb which is not at all in favour of the railway employees. The British had set up the entire railway system 150 years ago and since then railway employees got access to its hospitals, schools and amenities. With the recommendations, the government wants to strip the employees of all these benefits,” he said.
He added that they will burn the report copies and will force the government not to implement it keeping in mind the best interest railway employees.
NSSO
20:41
NSSO Conducted Survey for spending patterns of working class
NSSO Conducted Survey for spending patterns of working class
In a bid to understand the spending patterns and living conditions of working class, the Centre has decided to conduct a survey of workers’ family income and expenditure.
The survey, which will be conducted by the National Sample Survey Organisation, a Government of India body, will be used to finalise consumer price index (CPI) numbers for the working class. The CPI is the base for deciding dearness allowances (DA) of the working class.
“The Working Class Family Income and Exemption Survey-2015 will cover workers engaged in seven organised sectors of employment-registered factories, mines, plantations, ports & docks, public motor transport undertakings, electricity generating and distributing establishments, and railways,” an official from NSSO told Deccan Herald.
The survey will be conducted in 88 centres spreading across 28 states and union territories including Delhi, Karnataka, Andhra Pradesh and Uttar Pradesh. The survey will be conducted in eight places in Karnataka — Bengaluru, Belagavi, Chikkamagaluru, Davangere-Harihar, Hubballi-Dharwad, Kodagu, Mysuru and Mangaluru.
With the last such survey conducted around 15 years back in 1999-2000, the fresh survey required following a lot of changes in spending patters and lifestyles of workers in the past one-and-half decade, said the official.
The results of the survey will be utilisd for the purpose of revising the consumer price index numbers compiled by the Labour Bureau, said the official, adding that it will also show the light of living conditions of the working class. The surveyor will ask questions to a working class family about its living conditions, including spending on food, clothes, entertainment, health and education.
Source: DeccanHerald
Saturday, 13 June 2015
Service Tax
23:44
Increase in Service Tax Rate from 12% to 14% with Effect from 1st June, 2015
Increase in Service Tax Rate from 12% to 14% with Effect from 1st June, 2015
In the Union Budget, 2015, an increase in the rate of Service Tax from 12% to 14% had been proposed from a date to be notified. The Finance Bill, 2015 has since been enacted and the Central Government has notified 1st June, 2015 as the date from which the rate of 14% would become applicable.
The provisions levying Education Cess and Secondary and Higher Education Cess would also cease to have effect from same date i.e. 1st June, 2015, as the same would be subsumed in the service tax rate of 14%. Certain other changes have also been notified with effect from 1st June, 2015.
However, the date of giving effect to the provisions relating to imposition of a Swachh Bharat cess on all or any taxable service will be done in due course.
Source: PIB News
