0 Validity of Cheques reduced from 6 months to 3 months wef 01.04.2012

Bankers' cheques and other monetary instruments will have only a three-month validity beginning April 1, 2012, instead of the existing six months, a Reserve Bank of India (RBI) communique has said.The change is a consequence of an RBI notification on November 4, 2011.Cheques, drafts and pay orders will have a validity for three months from the date they've been drawn. Those having cheques and other monetary instruments with six-month validity before April 1 will have to remit them before this date, when the expiry of the validity will...

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0 Union cabinet approved release of 7% DA from 1.1.2012

The Union Cabinet today gave its approval to release an additional instalment of Dearness Allowance (DA) to central government employees and Dearness Relief (DR) to pensioners w.e.f. 1.1.2012 representing an increase of 7% over the existing rate of 58% of the Basic Pay/Pension, to compensate for price rise. The increase is in accordance with the accepted formula, which is based on the recommendations of the 6th Central Pay Commission. The combined impact on the exchequer on account of both dearness allowance and dearness relief...

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0 Ministry of finance issued orders granting one Increment on 1.1.2006 to those Employees whose date of increment was between February and June 2006

Ministry of finance issued orders granting one time measure Increment on 01.01.2006 for all officials whose Increment fell due between February and June 2006. All Govt Employees as on duty on 1.1.2006 and whose date of increment was between February and June 2006 would be now given an increment in the pre revised scale of pay as "one time measure" and then again another increment on 1.7.2006. All such officials whose pay will be refixed wef 1.1.2006 will get arrears and officials who retired after 1.1.2006 will get their pension revised...

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0 Government revises GPF Interest Rate to 8.6% from 1.12.2011

(PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA)F.NO. 5(1)-B(PD)/2011Government of IndiaMinistry of Finance(Department of Economic Affairs)New Delhi, the 19th March, 2012RESOLUTIONIt is announced for general information that during the year 2011-2012, accumulations at the credit of subscribers to the General Provident Fund and other similar funds shall carry interest at the rate of 8% (Eight per cent) for the period from 1.4.2011 to 30.11.2011  and 8.6% (eight point six percent) with effect from 1.12.2011.The funds concerned ar...

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0 Postal services including Speed Post will not attract service tax - Proposed in Union Budget 2012-13

While proposing  increase of  service tax from the present 10% to 12% in the Union Budget 2012-13, the Finance Minister has proposed exemption of some services from levying of service Tax. The details of such services exempted from levying of  12% increased service Tax are included in the Negative list of Services. At present, the service tax is levied on the basis of a positive list, meaning that the tax is levied on the specified services only. According to the negative list, postal services, including Speed Post provided...

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0 Payment of Speed Post Delivery incentive to postmen

Copy of Business Development & Marketing Directorate letter No. 57-01/2005-BDD&MD dated 12th March, 2012 is reproduced below. This is regarding payment of Speed Post Delivery incentive to postmen in the Circles. 2. It has been brought to the notice of this office that there is huge Pendency in the payment of Speed Post Delivery incentive bills pertaining to Postmen in Circles. In this regard, a kind reference is invited to BD&M Directorate letter No. 57-01/2005-BDD dated 17.06.2005 wherein clear...

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0 Rule -38 Transfers in PA cadre of Vijayawada Region

The following transfers under Rule-38 of Postal Manual Volume-IV  in the cadre of Postal Assistants (under DR quota) are ordered by the Competent Authority with immediate effect vide PMG Vijayawada memo no No.ST-I/Rule-38/PA/DR(S)/2011    dated 16-03-2012...

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0 2012-13 వార్షిక బడ్జెట్‌లోని ముఖ్యాంశాలు

కేంద్ర విత్తమంత్రి ప్రణబ్ ముఖర్జీ శుక్రవారం 2012-13 సంవత్సరానికి గాను వార్షిక బడ్జెట్‌ను ప్రవేశపెట్టారు. ఇందులో 2012-13 బడ్జెట్ మొత్తం వ్యయం అంచనారూ.14,19,925 కోట్లుగా ప్రకటించారు. ఇందులో 2012-13 ప్రణాళిక వ్యయంగా రూ.5,21,025 కోట్లు, ప్రణాళికేతర వ్యయం రూ.9,69,900 కోట్లు, 2012-13 సంవత్సరానికి ద్రవ్యలోటు అంచనా 1,85,752 కోట్లుగా అంచనా వేశారు. అయితే పన్ను వసూళ్లలో రూ.32వేల కోట్ల తగ్గుదల కనిపించనుంది. ఈ బడ్జెట్‌లో ద్రవ్యలోటు 5.9 శాతంగా ఉండగా, 2011-12...

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0 Income Tax exemption limit raised to Rs 2 lakh.

The exemption limit for the general category of individual taxpayers has been enhanced to Rs. 2,00,000 from Rs. 1,80,000 in the General Budget 2012-13, presented by the Union Finance Minister Shri Pranab Mukherjee in the LokSabha here today. This measure will provide tax relief uptoRs. 2,000 to every taxpayer in this category.  The Finance Minister, Shri Mukherjee introduced the DTC (Direct Taxes Code) rates for personal income tax, marking progress in the direction of movement towards DTC and GST (Goods and Services Tax).                ...

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0 Surplus Qualified LGO Candidates - Allotment of Divisions

 Circle Office, Hyderabad has issued allotments to the following surplus qualified candidates of LGO Examination held on 16-10-2011 vide Memo.No.RE/2-2/2011 dated 15-03-2012.                                   . Sl.No. Name of the candidateS/Shri Division to which belongs. Division to which allotted. 1. G.N. Koti Reddy Guntur Narasaraopet 2. S.V. ...

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