NFPE Sivasagar Division, Jorhat 785001: 2016

Tuesday, 8 November 2016

Department issued Circular on Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1,000/- banknotes

Department issued Circular on Withdrawal of Legal Tender Character of existing Rs 500/- and Rs 1,000/- banknotes

click here for the circular

Press Release

Withdrawal of Legal Tender Status for ₹ 500 and ₹ 1000 Notes: RBI Notice (Revised)

Government of India vide their Notification no. 2652 dated November 8, 2016 have withdrawn the Legal Tender status of ₹ 500 and ₹ 1,000 denominations of banknotes of the Mahatma Gandhi Series issued by the Reserve Bank of India till November 8, 2016.

This is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash and curb funding of terrorism with fake notes.

Starting from November 10, 2016, members of public/corporates, business firms, societies, trusts, etc., holding these notes can tender them at any office of the Reserve Bank or any bank branch and obtain value thereof by credit into their respective bank accounts.

For their immediate cash needs, these notes of value up to ₹ 4,000 per person can be exchanged for cash over the counter of these bank branches.

Public are advised to present a valid proof of identity for availing this exchange facility.

Value credited to their bank accounts can be freely used by issue of cheques or by remitting through various electronic modes of transfer like NEFT, RTGS, IMPS, mobile banking, internet banking etc. Cash withdrawals from bank accounts, over the bank counters, will be restricted to a limited amount of ₹ 10,000 per day subject to an overall limit of ₹ 20,000 a week from November 9, 2016 till end of business on November 24, 2016. The limits will be reviewed after this.

All ATMs and other cash machines will remain shut on November 9, 2016 to facilitate recalibration. When ready, they will be reactivated and cash drawals from ATMs will be restricted to ₹ 2,000 per day per card up to November 18, 2016 and the limits shall be raised to ₹ 4000 per day per card from November 19, 2016.

Any person who is unable to exchange or deposit the specified banknotes in their bank accounts on or before December 30, 2016 shall be given an opportunity to do so at specified offices of the Reserve Bank or such other facility until a later date as may be specified by the Reserve Bank.

For more details members of the public may visit RBI website www.rbi.org.in and Government web site www.gov.nic.in for further information and details.

Alpana Killawala
Principal Adviser

Press Release : 2016-2017/1142

Frequently Asked Questions (FAQs) on Withdrawal of Legal Tender Character of the Old High Denomination Bank Notes

Frequently Asked Questions (FAQs) on Withdrawal of Legal Tender Character of the Old High Denomination Bank Notes

1. Why is this scheme?

The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding black money. India remains a cash based economy hence the circulation of Fake Indian Currency Notes continues to be a menace. In order to contain the rising incidence of fake notes and black money, the scheme to withdraw has been introduced.

2. What is this scheme?

The legal tender character of the notes in denominations of ₹ 500 and ₹ 1000 stands withdrawn. In consequence thereof withdrawn old high denomination (OHD) notes cannot be used for transacting business and/or store of value for future usage. The OHD notes can be exchanged for value at any of the 19 offices of the Reserve Bank of India or at any of the bank branches or at any Head Post Office or Sub-Post Office.

3. How much value will I get?

You will get value for the entire volume of notes tendered at the bank branches / RBI offices.

4. Can I get all in cash?

No. You will get upto ₹4000 per person in cash irrespective of the size of tender and anything over and above that will be receivable by way of credit to bank account.

5. Why I cannot get the entire amount in cash when I have surrendered everything in cash?

The Scheme of withdrawal of old high denomination(OHD) notes does not provide for it, given its objectives.

6. ₹4000 cash is insufficient for my need. What to do?

You can use balances in bank accounts to pay for other requirements by cheque or through electronic means of payments such as Internet banking, mobile wallets, IMPS, credit/debit cards etc.

7. What if I don’t have any bank account?

You can always open a bank account by approaching a bank branch with necessary documents required for fulfilling the KYC requirements.

8. What if, if I have only JDY account?

A JDY account holder can avail the exchange facility subject to the caps and other laid down limits in accord with norms and procedures.

9. Where can I go to exchange the notes?

The exchange facility is available at all Issue Offices of RBI and branches of commercial banks/RRBS/UCBs/State Co-op banks or at any Head Post Office or Sub-Post Office.

10. Need I go to my bank branch only?

For exchange upto 4000 in cash you may go to any bank branch with valid identity proof.

For exchange over 4000, which will be accorded through credit to Bank account only, you may go to the branch where you have an account or to any other branch of the same bank.

In case you want to go to a branch of any other bank where you are not maintaining an account, you will have to furnish valid identity proof and bank account details required for electronic fund transfer to your account.

11. Can I go to any branch of my bank?

Yes you can go to any branch of your bank.

12. Can I go to any branch of any other bank?

Yes, you can go to any branch of any other bank. In that case you have to furnish valid identity proof for exchange in cash; both valid identity proof and bank account details will be required for electronic fund transfer in case the amount to be exchanged exceeds ₹4000.

13. I have no account but my relative / friend has an account, can I get my notes exchanged into that account?

Yes, you can do that if the account holder relative/friend etc gives you permission in writing. While exchanging, you should provide to the bank, evidence of permission given by the account holder and your valid identity proof.

14. Should I go to bank personally or can I send the notes through my representative?

Personal visit to the branch is preferable. In case it is not possible for you to visit the branch you may send your representative with an express mandate i.e. a written authorisation. The representative should produce authority letter and his / her valid identity proof while tendering the notes.

15. Can I withdraw from ATM?

It may take a while for the banks to recalibrate their ATMs. Once the ATMs are functional, you can withdraw from ATMs upto a maximum of ₹2,000/- per card per day upto 18th November, 2016. The limit will be raised to ₹4000/- per day per card from 19th November 2016 onwards.

16. Can I withdraw cash against cheque?

Yes, you can withdraw cash against withdrawal slip or cheque subject to ceiling of ₹10,000/- in a day within an overall limit of ₹20,000/- in a week (including withdrawals from ATMs) for the first fortnight i.e. upto 24th November 2016.

17. Can I deposit withdrawn notes through ATMs, Cash Deposit Machine or cash Recycler?

Yes, OHD notes can be deposited in Cash Deposits machines / Cash Recyclers.

18. Can I make use of electronic (NEFT/RTGS /IMPS/ Internet Banking / Mobile banking etc.) mode?

You can use NEFT/RTGS/IMPS/Internet Banking/Mobile Banking or any other electronic/ non-cash mode of payment.

19. How much time do I have to exchange the notes?

The scheme closes on 30th December 2016. The OHD banknotes can be exchanged at branches of commercial banks, Regional Rural Banks, Urban Cooperative banks, State Cooperative Banks and RBI till 30th December 2016.

For those who are unable to exchange their Old High Denomination Banknotes on or before December 30, 2016, an opportunity will be given to them to do so at specified offices of the RBI, along with necessary documentation as may be specified by the Reserve Bank of India.

20. I am right now not in India, what should I do?

If you have OHD banknotes in India, you may authorise in writing enabling another person in India to deposit the notes into your bank account. The person so authorised has to come to the bank branch with the OHD banknotes, the authority letter given by you and a valid identity proof (Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff)

21. I am an NRI and hold NRO account, can the exchange value be deposited in my account?

Yes, you can deposit the OHD banknotes to your NRO account.

22. I am a foreign tourist, I have these notes. What should I do?

You can purchase foreign exchange equivalent to ₹5000 using these OHD notes at airport exchange counters within 72 hours after the notification, provided you present proof of purchasing the OHD notes.

23. I have emergency needs of cash (hospitalisation, travel, life saving medicines) then what I should do?

You can use the OHD notes for paying for your hospitalisation charges at government hospitals, for purchasing bus tickets at government bus stands for travel by state government or state PSU buses, train tickets at railway stations, and air tickets at airports, within 72 hours after the notification.

24. What is proof of identity?

Valid Identity proof is any of the following: Aadhaar Card, Driving License, Voter ID Card, Pass Port, NREGA Card, PAN Card, Identity Card Issued by Government Department, Public Sector Unit to its Staff.

25. Where can I get more information on this scheme?

Further information is available at our website (www.rbi.org.in) and GoI website (www.rbi.org.in)

26. If I have a problem, whom should I approach?

You may approach the control room of RBI by email or on Telephone Nos 022 22602201/022 22602944

source: rbi.org.in

PM Modi Says Rs. 500 And Rs. 1,000 Notes Being Discontinued

Prime Minister Narendra Modi is addressing the country tonight, delivering a speech first in Hindi and then English.

The PM met a few hours ago with all three military chiefs amid major ceasefire violations by Pakistan in Jammu and Kashmir.

Here are the highlights from his address:

1. Some important decisions and some serious issues to share.

2. When you elected this government in 2014, world was talking about India being shaky economically. But India is now an economic star - this is what IMF and World Bank are saying.

3. Sab ka sarkaar, sab ka vikas - governance and progress for all is our motto. We are focused on empowerment of the poor. A series of schemes we have introduced all aim at this. This is a government for our farmers.

4. Corruption and black money are diseases rooted in this country, they are obstacles to our success.

5. We are among fastest-growing economies, but we also rank so high in global corruption rankings.

Terror strikes at the innocent. Who funds these terrorists? Across the border, our enemy uses fake currency and dodgy funds to sponsor terror - this has been proven repeatedly.

6. Terror strikes at the innocent. Who funds these terrorists? Across the border, our enemy uses fake currency and dodgy funds to sponsor terror - this has been proven repeatedly.

7. Our measures to check black money are paying off. A voluntary disclosure scheme for undeclared money saw a good response. A Special Investigating Team is making progress to identify who has sent money abroad.

8. 1.25 lakh crores of black money has been recovered.

We need to take a new solid step to fight black money. From now on, Rs. 500 and Rs. 1000 notes will not be used. Have 50 days to turn them into banks and post offices.

9. On November 9 and in some places on November 10, ATMs will not work.

10. Respite for people for the initial 72 hours, government hospitals will accept old Rs. 500 and 1000 notes till 11 November midnight.

11. Petrol pumps and retail outlets will have to keep every single entry of cash transaction with 500 and 1000 notes till November 11.

12. Crematoriums and cemeteries will also be allowed to transact 500 and 1000 notes till November 11.

13. There will be no change in any other form of currency exchange be it cheque, DD, payment via credit or debit cards etc.

14. Those unable to deposit Rs. 1000, Rs. 500 notes by December 30 for some reason, can change them till March 31, 2017 by furnishing ID proof

15. Notes of Rs. 2000 and Rs. 500 will be circulated soon, RBI has decided to limit the notes with higher value

From midnight today 08.11.2016 the existing 500 and 1000 currency notes will not be accepeted as legal tender

From midnight today the existing 500 and 1000 currency notes will not be accepeted as legal tender Prime Minister Narendra Modi is addressing the nation.

Highlights of PM Modi's address to the nation -

# Rs 500 & Rs 1000 currency notes will not be legal tender from midnight tonight.

# You have a time period of 50 days to submit your currency notes of 500 and 1000 in the nearest post offices & you needn't rush for this.

# Old Rs 500 and Rs 1000 notes can be deposited in any bank or Post Office from November 10 to December 31.

# Process of cash circulation is directly related to corruption impacting lower classes of our society.

# Corruption, fake currency and terrorism are festering wounds and holding back the economy.

# Black money, corruption make the nation hollow from inside.

# In the last two-and-half years, at least Rs 1.25 lakh crore worth black money has been recovered.

# In all our policies, we are dedicated for the upliftment of entire society.

# Our govt is committed towards the empowerment of poor and all our schemes are designed in accordance to that.

# Corruption and black money is something we have fought for immediately after assuming office.

# There is a time when you realise that you have bring some changes in society, and this is our time to feel the same.

# In all our policies, we are dedicated for the upliftment of entire society.

# Bhrashtachar ki beemari ko kuch varg vishesh ke logon ne apne swarth ke kaaran faila rakha hai.

# With the help of the citizens of India, India has emerged as a bright spot in world economy.

# I will share some important issues and decisions.

# This Govt is dedicated to the poor, and will continue to do so: PM

# With the support of 1.25 billion people, India has emerged as a shining star in the global economy.

# India has registered itself as a bright spot, and this claim is not made by us, but by IMF and World Bank.

#This Govt is dedicated to the poor, and will continue to do so

#India has registered itself as a bright spot, and its not that this is a claim made by us, but by IMF and World Bank

Earlier on Tuesday, Prime Minister Narendra Modi reviewed the security situation with Chiefs of Army, Navy and Vice Chief of Air Force in New Delhi amid continuing Pakistani shelling along the border in Jammu and Kashmir.

National Security Adviser Ajit Doval was also present at the meeting, officials said.

During the meeting, the Prime Minister is understood to have taken stock of the situation along the Line of Control (LoC) and International Border where Pakistan has been regularly shelling military posts as well as civilian areas.

Army Chief Gen Dalbir Singh Suhag is believed to have briefed Modi on the situation and how the forces are handling the Pakistani provocation.

Significantly, the meeting came on a day when one more jawan was killed in Pakistani shelling in Jammu and Kashmir.

(With inputs from PTI)⁠⁠⁠⁠

Monday, 7 November 2016

Computer Advance amount increased to 50,000/- and maximum five times in the entire service

“Rs.50,000 or actual price of PC, whichever is lower. The computer advance will be allowed maximum five times in the entire service.”

“Motor Car Advance and Motorcycle / Scooter Moped Advance will stand discontinued”

Grant of advances – Seventh Pay Commission recommendations – Amendment to Rules 21(5) of Compendium of Rules on Advances to Government Servants

No.12(1)/E.II(A)/2016

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, 7th October, 2016

OFFICE MEMORANDUM

Subject: Grant of advances – Seventh Pay Commission recommendations – Amendment to Rules 21(5) of Compendium of Rules on Advances to Government Servants.

The undersigned is directed to say that in of the decision taken by the Government on the Seventh Pay Commission’s recommendations relating to advances, the existing provisions of Compendium of Rules on Advances – 21(5) relating to Personal Computer Advance are amended as per the amendments attached.

2. These orders will take effect from the date of issue of this O.M. The cases where the advances have already been sanctioned need not be reopened.

3. The other interest bearing advances relating to Motor Car Advance and Motorcycle / Scooter Moped Advance will stand discontinued.

4. In so far as persons serving in Indian Audit and Accounts Department are concerned, these orders issue in consultation with the Comptroller and Auditor General of India.

5. All Ministries/Departments are requested to bring the amendments to the notice of all

its attached and subordinate offices for their information.

Hindi version of this O.M. is enclosed.

sd/-

(Pankaj Hazarika)

Director, E.II(A)

AMENDMENTS TO COMPENDIUM OF RULES ON ADVANCES TO GOVERNMENT SERVANTS, 2005

CONDITIONS OF GRANT OF COMPUTER ADVANCE:

Rule21(5)
Advance : Personal Computer Advance
Quantum : Rs.50000 or actual price of PC, whichever is lower
Eligibility Criteria : All government employees

(ii) The computer advance will be allowed maximum five times in the entire service.

Authority: www.finmin.nic.in

Saturday, 5 November 2016

OTA revised & increased !!!!!!!!!

MEETING ON ALLOWANCES

A meeting on Department of Posts specific allowances was held with the Committee on allowances under chairmanship of Secretary Finance and secretary Expenditure. From Department of Post, Secretary (Post), Member (Personal), DDG (Personal), DDG (Estates) , DDG(Estt. & SR), Director Estt. attended the meeting. From Staff Side Com. R.N. Parashar, Secretary General NFPE,Shri Theagarajan, Secretary General FNPO & Shri S.K. Mishra , Secretary General, BPEF, participated in the meeting. Many other officers of DOP&T, Finance, Health Ministries also participated.

Three meetings were held with Department and Administration and Unions after discussing threadbare came to conclusion and accordingly presentation was prepared which was presented before the Committee. Secretary (Finance) shown much interest and he asked so many questions and raised queries on each allowance and asked the Department to submit a report on financial implications.

The meeting was concluded in a very co-ordial manner and we should hope for positive outcome. On the following allowances we submitted our proposal which is mentioned below:

Fixed Monetary Compensation to Postman:

Proposal: Not to abolish the allowance. It is proposed to grant Rs.300/- per day for additional full beat and Rs.150/- per day for sharing of beat(half beat) and further proposed to increase by 25% every time when DA reaches at 50%.(Department earlier proposed that allowance as Rs.200/- and Rs.100/- but on the demand of Federations, now it is proposed same as Rs.300/- and Rs.150/-.

Special Allowance to PO & RMS Accountants:

Proposal: The allowance is required to be continued as this special allowance has been sanctioned in lieu of higher pay scale. If abolished, one increment is to be allowed on promotion which costs more to the Department.Therefore, it is proposed to grant special allowance equivalent to one increment which will be kept separately and not to be added in the basic pay.Other conditions applicable to present allowance will remain in force. (i.e. if this allowance is drawn for three years it will be added to basic pay while pay fixation on promotion.)

Cycle Allowance to Postman:

Proposal: Must be retained while doubling the amount to Rs.180 p.m. and further increase by 25% every time the DA increases by 50%.

Cash Handling and Treasury Allowance:

Proposal: The Cash Handling Allowance should be retained and need to be doubled and further increase by 25% every time the DA increases by 50%.

Fixed Medical Allowance:

Proposal: 33 Postal Dispensaries may be merged with CGHS.All Postal Pensioners irrespective of their participation in CGHS while in service should be covered under CGHS after making requisite subscription.Till such time, the FMA may be allowed @ Rs.2000/- per month enhancing from Rs.500/- p.m. being paid at present.

Headquarter Allowance:

Proposal: Proposes to retain the Headquarters Allowance at the uniform rate of 10% of the basic pay subject to ceiling of Rs.9000/- per month.

Overtime Allowance:

Proposal: Department recommends to grant additional duty allowance in lieu of OTA in operative offices only for performing additional duty of absentee official.

It is proposed Rs. 100/- per hour maximum of three hours in a day and further increase by 25% every time the DA increases by 50%.

Besides these we demanded S.B.Allowance and Supervisory allowance to be continued and enhanced proportionately.

2% DA order issued

No. 1/2/2016-E-II (B)

Government of India

Ministry of Finance

Department of Expenditure

New Delhi, the 4th November, 2016.

OFFICE MEMORANDUM

Subject: Recommendations of the Seventh Central Pay Commission — Decision of Government relating to grant of Dearness Allowance to Central Government employees — Rates effective from 1.1.2016.

The undersigned is directed to say that consequent upon the decision taken by the Government on the recommendations of the Seventh Central Pay Commission relating to Dearness Allowance, the President is pleased to decide that the Dearness Allowance (DA) to all categories of Central Government employees shall be admissible at the rate of 2 percent of basic pay per month, w,e.f.01.07.2016.

2. The revised pay structure effective from 01.01.2016 includes the Dearness Allowance of 125% sanctioned from 01.01.2016 in the pre-revised pay structure. Thus, Dearness Allowance in the revised pay structure shall be zero from 01.01.2016.

3. The term 'basic pay' in the revised pay structure means the pay drawn in the prescribed Level in the Pay Matrix but does not include any other type of pay like special pay, etc.

4. The Government vide Resolution No. 1-2/2016-IC. dated 25/07/2016 has decided that till a final decision on Allowances is taken based on the recommendations of the Committee constituted under the Chairmanship of Finance Secretary & Secretary (Expenditure), all Allowances will continue to be paid at existing rates.

5, The Dearness Allowance will continue to be a distinct element of remuneration and will not be treated as pay within the ambit of FR 9(21).

6. The payment on account of Dearness Allowance involving fractions of 50 paise and above may be rounded to the next higher rupee and the fractions of less than 50 paise may be ignored.

7. These orders shall also apply to the civilian employees paid from the Defence Services Estimates and the expenditure will be chargeable to the relevant head of the Defence Services Estimates. In respect of Armed Forces personnel and Railway employees, separate orders will be issued by the Ministry of Defence and Ministry of Railways, respectively.

8. In so far as the employees working in the Indian Audit and Accounts Department are concerned, these orders are issued in consultation with the Comptroller and Auditor General of India.

(Annie George Mathew)

Joint Secretary to the Government of India

Source : http://finmin.nic.in/the_ministry/dept_expenditure/notification/da/DA01072016E.pdf

Thursday, 3 November 2016

7th Pay Commission: Fatter allowances awaits cabinet approval

New Delhi: Fatter allowances under the 7th Pay Commission recommendations, which has been finalized by the Committee on Allowances headed by Finance Secretary Ashok Lavasa, awaits the approval of the Union Cabinet.

It may come up in the Cabinet meetings in this month, say sources in Finance Ministry.

The Cabinet meetings in this month is understood to approve the proposal of Committee on Allowances, which has been constituted to examine the recommendations of 7th Pay Commission on allowances other than dearness allowance for cabinet nod as the pay commission had recommended abolition of 51 allowances and subsuming 37 others out of 196 allowances. So, there was resentment among employees over suggestions to scrap some allowances.

The Committee on Allowances is to recommend to stick with the 7th Pay Commission's recommendations on allowances, said the Finance Ministry sources on Wednesday.

The ‘Committee on Allowances has already given final touch to its report. The committee met up with the deadline of four months given to it by the cabinet to submit the report, the Finance Ministry sources added.

The Prime Minister’s Office (PMO) also directed the Finance Ministry to obtain report from the Committee on Allowances and to prepare cabinet note in this regard.

Allowances contribute 63 percent in the pay hike recommendation. When the allowance is not taken into consideration it will mean fewer amounts because the allowance which the commission proposed is very substantial. Accordingly, the central government employees get a little hike in pay now, so employees are pressing hard to issue it very shortly, said sources in PMO.

The Finance Ministry sources told that the Finance Minister Arun Jaitley will soon place higher allowances note before the Cabinet for approval after receiving the Committee on Allowances report.

Until cabinet approval on the Committee on Allowances report, allowances are to be paid according to the existing rates under the existing pay structure, says an earlier official statement issued by the finance ministry.

TST

Wednesday, 2 November 2016

Withdrawal of the proposed indefinite hunger fast in front of Dak Bhawan from 3rd November, 2016 and two days strike on 9th & 10th November 2016

POSTAL JOINT COUNCIL OF ACTION

NATIONAL FEDERATION OF POSTAL EMPLOYEES

FEDERATION OF NATIONAL POSTAL ORGANISATIONS

ALL INDIA POSTAL EMPLOYEES UNION – GRAMIN DAK SEVAKS

NATIONAL UNION OF GRAMIN DAK SEVAKS

NEW DELHI - 110001

No.PF-PJCA-12/2016 Dated : 01.11.2016

To,

The Secretary,

Department of Posts,

Dak Bhawan, New Delhi-110 001

Sub: Withdrawal of the proposed indefinite hunger fast in front of Dak Bhawan from 3rd November, 2016 and two days strike on 9th & 10th November 2016

Sir,

While expressing our sincere thanks to you and the Postal Board for taking positive action for settling the demand for bonus parity to Gramin Dak Sevaks, we would like to request your sympathetic and immediate intervention for implementing the Directorate orders for payment of revised wages to Casual, Part time Contingent employees working in the Postal Department with effect from 01.01.2006.

The Directorate has issued orders for payment of revised wages (6th CPC minimum) to casual labourers in the month of January 2015. Subsequently the queries raised by some Chief PMGs were also clarified by Directorate. Even though 21 (twenty-one) months are over, the Directorate orders are not yet implemented in some circles. We have already brought the case to your notice and the notice of the concerned Chief PMGs several times, but the issue still remains unsettled. Hence we were compelled to include this demand also as the second demand of the proposed indefinite fast in front of Dak Bhawan from 3rd November and two days strike on 9th & 10th November 2016.

As you have assured us that the grievances of this poor and most downtrodden section of workers will be settled in a time-bound manner, we hereby inform you that we have decided to withdraw the proposed hunger fast from 3rd November and two days strike on 9th & 10th November 2016.

We once again request you to issue strict instructions to all Chief PMGs to implement the Directorate orders in a time bound manner, say, before 30th November 2016.

Thanking you in anticipation

Yours faithfully