COINS BELOW 50ps WILL LOSE CURRENCY FROM JUNE 30,2011

NEWS ITEM:

Come June 30,2011, 50paise will be the minimum coin accepted in the markets as all denominations below it will cease to be legal curency. ""From this date, these coins (denominaion of 25ps and below) shall cease to be a legal tender for payment as well as on acount,"" the Finance Ministry said on Wednesday 29th Dece.,2011. The minimum denomination oin acceptable for transaction will be 50 paise fromthat date.
Also, the entries in books of accounts, pricing of produts, services and taxes should be rounded off to 50 paise or whole rupee fom that date. "The pocedure for call in shall be notified separately by the Reserve Bankof India" - PTI

CONVEYANCE ALLOWANCE FOR PHYSICALLY CHALLENGED EMPLOYEES

Dear Friends,

It has been decided by the GIPSA Governing body during the meeting held on 29-12-2010 at Hyderabad that "Conveyance Allowance for Blind & Orthopaedically challenged employees of all classes is revised /increased to Rs.400/- "  This will come into effective from 01st January, 2011.

With Warm Greetings,

Yours-in-Service,

M. HANUMANTHA RAO          T. GOPALA KRISHNA

        PRESIDENT                  GENERAL SECRETARY

REIMBURSEMENT OF CELL PHONE EXPENSES TO REGIONAL & DIVISIONAL ACCOUNTANTS

DEAR FRIENDS,

The details and the entitlement for reimbursement are as under with effect from: 01-12-2010, as per New India HO Circular Ref.No.CORP.HRM/CLASS-1 CELL /SKS / 2010 DT. 01-12-2010. Rreimbursement is on ANNUAL and DECLARATION basis only.

ANNUAL LIMIT

PRESENT ENTITLEMENT:

AT REGIONAL OFFICE LEVEL:
Scale-IV : Rs.5760/- for Landline & or Mobile. Rs.3,000/- for Broadband.
Scale-III :  N I L
AT DIVISIONAL OFFICE LEVEL:
 Scale-II &  Scale-I  ::N I L

NEW  ENTITLEMENT:
Scale-IV & Scale-III: Rs.7200/- for Landline & or Mobile Phone & amp; Rs.3,000/- Broadband.
Scale-II & Scale-I  : Rs.6,000/- for Landline & or Mobile Phone only. No Broadband.

This may be noted that Officials allotted telephone under "Discretionary Quota" willnot be entitlerd to "Mobile Phone Reimbursement". The cost of instrument of mobile phone is to be borne by the Officer concerned. Further, following points may be considered while making such reimbursements:

1. The annual reimbursement of telphone expenses to entitled Officers will be amount oriented and is inclusive of monthly rent if any.
2. The Officer willbe allowed to claim reimbursement for the use of both landline and/or mobile telephone on COMBINED basis within the said maximum permissible amount.
3. Reimbursement is allowed only for one landline and/or one mobile phone only. Multiple connections for landline and mobiles are not permissible.
4. No reimbursement on outstation mobile (Sim Card) is permissible.

Incase of any clarification Corporate HRM may be contacted. 

With Warm Greetings,

Yours-in-Service,

M. HANUMANTHA RAO        T. GOPALAKRISHNA

                            PRESIDENT               GENERAL SECRETARY

PROMOTIONS DECLARED FOR THE POST OF "ASSISTANT" VIZAG REGION - 2010 EXERCISE

DEAR FRIENDS,

WE ARE HAPPY TO INFORM YOU THAT VIZAG RO MANAGEMENT HAS ANNOUCED PROMOTIONAL RESULTS TO THE CADRE OF "ASSISTANT", TODAY EVENING (28-12-2010).  THE FOLLOWING EMPLOYEES HAVE BEEN PROMOTED  TO THE CADRE OF ASSISTANT CADRE.

SL.NO.  NAME OF THE EMPLOYEE   S.R. NO.    PLACE               CATEGORY
01.        N. SRINIVASA RAO               17985       KAKINADA           GENERAL
02.        B. VENKATESWARA RAO      23667      BHIMAVARAM      GENERAL
03.        M. PRADEEP KUMAR              25104     GUNTUR DO-2           S. C.
04.        K. NAGA RAJU                        24646        ELURU                      S. T.

HEARTY CONGRATULATIONS TO ALL THE ABOVE PROMOTEES.

WISHING YOU GOOD LUCK.

WITH WARM GREETINGS,

YOURS-IN-SERVICE,

M. HANUMANTHA RAO                    T. GOPALA KRISHNA

           PRESIDENT                            GENERAL SECRETARY

. 

INCOME TAX RATES /SLABS FROM A.Y. 2008-2009 TO 2011-12

DEAR FRIENDS,
Consequent upon receiving the wage revision-2010 arrears, many of our friends would like to file their Revised I.T. Returns (u/s 89 and submission of Form-10E).   Some of them are time and again seeking some clarifiation about the Income Tax Rates/Slabs for the previous Assessment Years.   In the common interest of all concerned, we are providing Tax Rates/Slabs for the Assessment years commencing from 2008-09 to 2011-12.  Hope this will be useful and also helpul for them. Please give us the feed back.

Income Tax Rates/Slabs for A.Y. (2011-12)

                                          Slab (Rs.)                                            Tax (Rs.)
                             less than 1,60,000                                                   Nil
                         1,60,000 to 5,00,000                            (TI – 1,60,000) * 10%
                        5,00,000 to 8,00,000             34,000 + (TI – 5,00,000)   * 20%
                         Greater than 8,00,000          94,000 + (TI – 8,00,000)   * 30%

              Women aged 65 years or less

                                Slab (Rs.)                                             Tax (Rs.)
                        less than 1,90,000                                                   Nil
                  1,90,000 to 5,00,000                         (TI – 1,90,000)   * 10%
                5,00,000 to 8,00,000           31,000 + (TI – 5,00,000)    * 20%
                Greater than 8,00,000         91,000 + (TI – 8,00,000)     * 30%

Senior Citizens (Individuals aged above 65 years)

                                Slab (Rs.)                                             Tax (Rs.)
                              less than 2,40,000                                         Nil
                  2,40,000 to 5,00,000                           (TI – 2,40,000) * 10%
                  5,00,000 to 8,00,000           26,000 + (TI – 5,00,000)   * 20%
                 Greater than 8,00,000          86,000 + (TI – 8,00,000)   * 30%

Income Tax Rates/Slabs for A.Y. (2010-11)

                               Slab (Rs.)                                               Tax (Rs.)
                           less than 1,60,000                                              Nil
                  1,60,000 to 3,00,000                           (TI – 1,60,000)    * 10%
                  3,00,000 to 5,00,000          14,000 + (TI – 3,00,000)      * 20%
                 Greater than 5,00,000         54,000 + (TI – 5,00,000)      * 30%

Women aged 65 years or less

                               Slab (Rs.)                                                   Tax (Rs.)
                          less than 1,90,000                                              Nil
                    1,90,000 to 3,00,000                             (TI – 1,90,000) * 10%
                    3,00,000 to 5,00,000            11,000 + (TI – 3,00,000)  * 20%
                   Greater than 5,00,000            51,000 + (TI – 5,00,000) * 30%

Senior Citizens (Individuals aged above 65 years)

                              Slab (Rs.)                                                      Tax (Rs.)
                       less than 2,40,000                                                   Nil
                   2,40,000 to 3,00,000 (TI – 2,40,000)                         * 10%
                   3,00,000 to 5,00,000 6,000 + (TI – 3,00,000)            * 20%
                 Greater than 5,00,000 46,000 + (TI – 5,00,000)           * 30%

Income Tax Rates/Slabs for A.Y. (2009-10)

                           Slab (Rs.)                                                     Tax (Rs.)

                    less than 1,50,000                                                           Nil
                 1,50,000 to 3,00,000                                 (TI – 1,50,000)   * 10%
                 3,00,000 to 5,00,000                  15,000 + (TI – 3,00,000)   * 20%
                 Greater than 5,00,000                55,000 + (TI – 5,00,000)   * 30%

      

   Women aged 65 years or less

                                   Slab (Rs.)                                                          Tax (Rs.)
                   less than 1,80,000                                                                     Nil
                1,80,000 to 3,00,000                                               (TI – 1,80,000) * 10%
                3,00,000 to 5,00,000                               12,000 + (TI – 3,00,000)  * 20%
                Greater than 5,00,000                              52,000 + (TI – 5,00,000)  * 30%

Senior Citizens (Individuals aged above 65 years)

                                Slab (Rs.)                                                         Tax (Rs.)
                    less than 2,25,000                                                                Nil
                 2,25,000 to 3,00,000                                          (TI – 2,25,000) * 10%
                 3,00,000 to 5,00,000                           7,500 + (TI – 3,00,000)  * 20%
              Greater than 5,00,000                           47,500 + (TI – 5,00,000)  * 30%

Income Tax Rates/Slabs for A.Y. (2008-09)

                               Slab (Rs.)             Tax (Rs.)          Surcharge on Income Tax
                                                                                             (if TI > Rs.10 Lakhs)
                   less than 1,10,000                     Nil                              Nil
               1,10,000 to 1,50,000        (TI – 1,10,000) * 10%                 10%
               1,50,000 to 2,50,000       4,000 + (TI – 1,50,000) * 20%      10%
             Greater than 2,50,000     24,000 + (TI – 2,50,000) * 30%       10%

Women aged 65 years or less

                              Slab (Rs.)              Tax (Rs.)           Surcharge on Income Tax
                                                                                              (if TI > Rs.10 Lakhs)
                                          (Rs.)
                   less than 1,45,000                       Nil                          Nil
               1,45,000 to 1,50,000       (TI – 1,45,000) * 10%           10%
               1,50,000 to 2,50,000   500 + (TI – 1,50,000) * 20%      10%
             Greater than 2,50,000  20,500 + (TI – 2,50,000) * 30%   10%

Senior Citizens (Individuals aged above 65 years)

                             Slab (Rs.)                  Tax (Rs.)        Surcharge on Income Tax
                                                                                            (if TI > Rs.10 Lakhs)
                                 (Rs.)
                  less than 1,95,000                   Nil                           Nil
              1,95,000 to 2,50,000   (TI – 1,95,000) * 20%                 10%
            Greater than 2,50,000  11,000 + (TI – 2,50,000) * 30%    10%

• Education Cess has to be added on Income-tax and Surcharge @ 2% from AY 2004-05 and 3% from AY 2007-08. 

 With Warm Greetings,

Yours-in Service,

M. HANUMANTHA RAO          T. GOPALA KRISHNA

           PRESIDENT                   GENERAL SECRETARY

INTRODUCTION OF NEW TAX CODE : 10% TAX UP TO RS. 10 LAKH INCOME

Dear Friends,

A major relief to tax payer when the government on Wednesday introduced a new direct tax code that seeks to simplify the tax regime in India replacing the Income Tax Act 1961.

According to new tax code / new direct tax code 10% tax up to Rs. 10 Lakh Income.
See new income tax slab under new direct tax code
The government proposed major tax reforms through a draft code that aims at moderating income tax rates, abolishing Securities Transaction Tax (STT) and increasing deduction for savings up to Rs 3 lakh.


“We expect to have better compliance and better collection of taxes,” Mukherjee said.


According to the new recommendations of the Code :


• 10 per cent tax rate should apply to an annual income of Rs 1.6-10 lakh per annum (Now 10 per cent is levied on incomes of Rs 1.6-3 lakh, 20 per cent on Rs 3-5 lakh and 30 per cent above Rs 5 lakh).
• 20 per cent rate rate should apply to an annual income to Rs 10-25 lakh per annum.
• The maximum rate of 30 per cent should apply to income above Rs 25 lakh per annum.
• Perquisites given to employees should be included in salary income (likely to inflate the taxable income of certain categories of salaried persons).
• Tax rates for companies should be reduced to 25 per cent for both domestic and overseas companies. Currently, domestic companies are taxed at 30 per cent with surcharge and cess coming later.
• Foreign companies should pay an additional tax of 15 per cent as branch profit tax.
• Abolition of the controversial STT (but the Code also suggests reintroduction of tax on long term capital gains on securities trading).


Note: Direct tax code to be implemented only by the end of 2011 or early 2012 after completed the process of debate and suggestion from public.

THE ABOVE NEWS ITEM PUBLISHED FROM OUR "EDITORS DESK"

PROMOTIONS DECLARED FOR THE POST OF ASSISTANT - HYDERABAD REGION - 2010 EXERCISE

Dear Friends,

The Following employees working under Hyderabad Region have been PROMOTED to the ASSISTANT CADRE in the pomoional exercise - 2010. The results were declared in the late evening of 24-12-2010.  

SL.NO.               NAME OF THE EMPLOYEE               CATEGORY     

1                         J. YADAIAH                                          GENERAL
2                         S. HASAN                                              GENERAL
3                         G. TIRUPATAIAH                                  GENERAL
4                         B. KHASIM                                                S. T.  

Hearty "CONGRATULATIONS" to all the above Pomotee Friends.

With Warm Greetings,

Yours-in-Service,

M.Hanumantha Rao     T. Gopala Krishna

       PRESIDENT            GENERAL SECRETARY

CLASS-III TO CLASS-1 PROMOTIONAL EXERCISE 2010 - RESULTS

DEAR FRIENDS,

CLASS-III TO CLASS-1 PROMOTIONAL LIST IS BEING RELEASED SHORTLY TO ALL THE ZONES EXCEPT FOR SOUTH ZONE, DUE TO CHENNAI COURT CASE. 

RELIABLY UNDESTAND FROM OUR CHENNAI FRIENDS, THAT FURTHER DEVELOPMENTS IN REGARD TO CHENNAI COURT CASE (PARA 13.2) WILL TAKE PLACE IN THE FIRST WEEK OF JANUARY, 2011.

THIS IS FOR YOUR INFORMATION.

"" WISHING YOU ALL  A  HAPPY CHRISTMAS "

With Regards,

Yours-in Service,

M. HANUMANTHA RAO       T. GOPALA KRISHNA

            PRESIDENT             GENERAL SECRETARY

CHENNAI HIGH COURT CASE -PARA 13.2 PROMOTIONS

Dear Friends,

Our Chennai Friends communicated today that the Company's Advocate is expected to apply  counter for the case today. But could not get through.    Understand that any further developments may take place  only after the vacations to the High Court i.e. on or after 03rd JANUARY,2011.

With Warm Greetings,

Yours-in-Service,

M. HANUMANTHA RAO             T. GOPALA KISHNA

           PRESIDENT                      GENERAL SERETARY

PROMOTION TO THE CADRE OF SR. ASST AND ASSISTANT & PARA 13.2. CHENNAI COURT CASE

DEAR FRIENDS,

We have received a communication from our APEX Body -NFGIE, Organising Secretary, Mr. N. Venkatesh Kumar the following information:-

1. PROMOTIONAL EXERCISE - 2010 - For Senior Assistant & Assistant cadres Results will be declared by New India Head Office on or befor 31st DECEMBER, 2010.

2. Para 13.2. - A.O. PROMOTIONS - the Case at Chennai High Court has not been listed so far.

With Regards,

Yours-in Servcie,

M. HANUMANTHA RAO               T. GOPALA KRISHNA

     PRESIDENT                                    GENERAL SECRETARY

TPA SERVICES IN PUBLIC SECTOR GENERAL INSURANCE

""NEWS ITEM""FOR THE GENERAL INFORMATION OF MEMBERS

The General Insurers’ Public Sector Association of India (GIPSA), an association of all the four public sector general insurance companies, is planning to float its own third party administration (TPA) service jointly with a company in India or abroad. TPA is one of the core functions of general insurance business, especially for health insurance. TPAs help the subscribers in availing cash-free hospitalisation and other services by tying up with hospitals. They get a fee from insurance companies for carrying out these activities.


The yet-to-be-floated consortium, comprising National Insurance Co, New India Assurance Co, Oriental insurance Co and United India Insurance Co, would forge a joint venture (JV) with either an existing TPA in India or abroad. In case, GIPSA partners with a foreign TPA, the foreign capital in the JV would be restricted to 26%, which is the current FDI cap in the insuarnce sector. Foreign general insurers will have an opportunity to access some lucrative business currently in the domain of the government-owned insurance companies.

GIPSA is already in the process of finalising the consultant for choosing the JV partner. Companies such as KPMG, Boston Consulting Group (BCG) and Ernst & Young have given the expression of interest (EoI) for working as the consultant for the proposed JV.

The consultant will advise the general insurer’s association on the type of companies that they should look for the proposed JV as well as the equity partnership that the association should pursue.

At present GIPSA members offer the health insurance services through tieup with any India-based TPA. They form the tieup with the TPAs on an annual basis. They have to give about 5% to 6% of the premium collection as fee for availing the services of the TPA. However, insurance companies cannot pass on this burden to the subscribers of insurance policies according to prescribed norms by the Insurance Regulatory and Development Authority (Irda).

Forming its own TPA would help these companies save on some extra expenditure. The yet-to-be formed TPA can also offer services to other private insurance companies for revenue generation.


FROM OUR EDITORS DESK

DEVLEOPMENTS ON CHENNAI HIGH COURT CASE - ON PARA 13.2 - PROMOTIONS

DEAR FRIENDS,

Para 13.2. case @ Chennai High Court did not come up for hearing today also. Understand that new date will be given by the Court soon.

This is for your information.  Further developments will be communicated from time to time.

With Regards,

Yours-in-Service,

M. HANUMANTHA RAO            T. GOPALA KRISHNA

  PRESIDENT                                     GENERAL SECRETARY

DEVELOPMENT OFFICERS(MARKETING) PROMOTED TO SCALE-1 OFFICERS (2010-11 VACANCIES BASED ON PERFORMANCE YEAR 2009-10)

Dear Friends,

In order to utilize the unfilled vacancies, the New India management vide their Cir.Ref . No.:IBD:CL.II CELL:10CIR NO.5:2010/IBD.ADMN:145 DT. 02-12-2010, drawn an All India Merit List and have selected the below mentioned Development Officers (Marketing) and announced the “Ranking List”.

1. Mr. V. THANGAMANI, SR NO.29456,CHENNAI RO - "SC" CATEGORY.
2. Mr. N. K. SAHARIA, SR NO.21903, GUWAHATI RO - "SC" CATEGORY.
3. Mr. K. PAVALAVANNAN, SR NO.27065, CHENNAI RO - "SC"CATEGORY.

Our "Hearty Congratulations" to above Promotee Development Officers (Marketing).


With Warm Greetings,

Yours-in-Service,

M.HANUMANTHA RAO        T. GOPALAKRISHNA

             PRESIDENT                    GENERAL SECRETARY

NON-CORE BENEFITS - NEWS UPDATED

DEAR FRIENDS,

• UNDERSTAND THAT "GIPSA"  HAS EXPRESSED IT'S ANGUISH THAT 2 (TWO) PUBLIC SECTOR GENERAL INSURANCE COMPANY'S ARE IN DANGER TO MAINTAIN "SOLVENCY MARGIN".
• HENCE, AROUND 38 NON-CORE BENEFITS TO EMPLOYEES WILLBE IMPROVED ON STAGE BY STAGE BASIS.
• WAGE ARREARS TO PART TIME SWEEPERS AND ALLOWANCE FOR "PHC" EMPLOYEES WILL BE RELEASED NOW.
• IMPROVED L.T.S.i.e. 3000 kms each way will be effective from 15-12-2010. Foreign Travel is allowed all over the World. Cost is Economy fare of Air India only between TRIVANDRUM AND NEW DELHI.
• AT PRESENT THERE IS NO IMPROVEMENT IN FESTIVAL ADVANCE.
• REVISION IN VEHICLE LOAN WILL BE EFFECTIVE FROM APRIL,2011.

WITH WARM GREETINGS,

YOURS-IN-SERVICE,

M. HANUMANTHA RAO              T. GOPALA KRISHNA

     PRESIDENT                          GENERAL SECRETARY

REVISION IN HALTING ALLOWANCE FOR OFFICERS - W.E.F.:01-12-2010

The revised Halting Allowances have come into effect from 01-12-2010 (as approved by  respective Board's ):-

C A D R E                       C L A S S      O F        C I T Y

                                          A                     B                    C

SCALES: IV to VII              1000 #               800               700

SCALES: I to  III                  800  @             700                600

#   Rs.1200/- For Delhi, Kolkatta, Mumbai and Chennai.
@  Rs.1000/- For Delhi, Kolkatta, Mumbai and Chennai.

Increase in Halting Allowance for Class-II, III & IV will be informed very shortly.

Wih Warm Greetings,

M. HANUMANTHA RAO                   T. GOPALAKISHNA

              PRESIDENT                           GENERAL SECRETARY 

DEVELOPMENTS ON CHENNAI COURT CASE ON PARA 13.2 PROMOTIONS

DEAR FRIENDS,

EVEN TODAY THE CASE DID NOT COME FOR HEARING AT CHENNAI COURT.  IF THE CASE DOES  NOT COME  EITHER ON 13TH OR 14TH OF DECEMBER, 2010, VACATIONS FOR CHENNAI COURT COMMENCES FROM 15TH DECEMBER, 2010  TO TILL  31ST JANUARY,2011.

THIS IS FOR YOUR INFORMATION. WATCH THIS BLOG FOR UPDATES.

WITH REGARDS,

YOURS-IN-SERVICE,

M. HANUMANTHA RAO        T. GOPALAKRISHNA

         PRESIDENT                     GENERAL SECRETARY

PROMOTION UNDER PARA 13.2 - 2010 EXERCISE - COURT CASE - PETITION BY SC/ST ASSN.

Dear Friends,

You are aware that the matter is pending with Chennai High Court and it is posted for hearing  today i.e. on 08-12-2010.  We have received a communication from our Chennai Friends that the case did not come up for hearing today. It may come up for hearing tomorrow or by Friday the 10th December, 2010.

Any further developments in this regard will be communicated through SMS and through this BLOG.

Please watch this blog for updates.

With Regards,

Yours-in-Service,

M. HANUMANTHA RAO          T. GOPALA KRISHNA

PRESIDENT                                      GENERAL SECRETARY

UNION LEVY ON WAGE ARREARS(2010) FROM THE MEMBERS

DEAR FRIENDS,

We express our sincere thanks to those members who have very generous in contributing the Union Levy on  Wage Arrears (2010) received by all our members on 01st November, 2010. Upon verification of the records, that some of the Office bearers and members are under various Units under VIZAG as well as HYDERABAD RO's are yet to pay the 1% levy.

We once again request all the Unit Secretary's to see that such pending amounts are collected from the members and remitt to the Union on or before 10th December,2010, with out fail and confirm.  Please treat the Matter as most urgent.

Furher, all the Unit Secretary's are hereby requested to send the details viz.,  1)members name; 2)SR No.; 3)Net Arrears reeived ; 4)1% levy paid  and 5) total amount sent by way of DD/Cheque to Head quarters - all these details are in a statement form to General Secretary under copy to President's e-mail address, with out fail, for accounts consolidation.

E-mail :  mhr_nia_1955@yahoo.co.in

M. HANUMANTHA RAO       T. GOPALAKRISHNA
       PRESIDENT                               GENERAL SECRETARY

OTHER NON-CORE BENEFITS TO BE FINALISED BY GIPSA

It is understood from the sources that Governing body of GIPSA will be meeting in between THIRD/FOURTH week of December,2010 & PONGAL festival in January,2011 to decide on the following:-

1. Promotion Policy for Class-1 Officer's.
2. Increase in PL accumulation up to 300 days.
3. Enhancement of Festival Advance.
4. Increase in Lodging Expenses & Halting Allowance.
5. Residential lease accommodation to employees.
6. Enhancement of Housing Loan and other non-core benefits.

Note: The exact date & Venue for the meeting will be informed shortly.

NEW INDIA H.O. - CLARIFIICATION ON GRANTING STAGNATION INCREMENT FOR CLASS-3 & 4

CORP.HRM/CL.III-IV CELL/WR/MP-45/2010              dt.18.11.2010

ALL REGIONAL INCHARGES.

Re: Refixation of salary from Stagnation to Normal grades for employees in the cadres of Record Clerk/ Driver/ Other subordinate Staff.

                                        -----

This is further to the Gazette Notification dt.8.10.2010 and the Administrative Instructions dt.18.10.2010 in respect of the General Insurance (Rationalisation of Pay Scales and Other Conditions of Service of Supervisory, Clerical and Subordinate Staff) Amendment Scheme, 2010.

Certain ROs have sought clarification on Para 5(A) of the Amendment Scheme and corresponding Para 5.2 of the Administrative Instructions regarding fixation of basic salary of Record Clerks, Drivers and Other Subordinate Staff in the revised scales.  In this regard, we wish to clarify as under:

In case an employee is in the ceiling of the scale or is in the Stagnation Stages as on 1/8/2007, and there is no further stagnation increment released before 1/8/2008, the next increment in the revised Normal Grade would be due from 1/8/2008.

In case an employee is in the ceiling of the scale or is in the Stagnation Stages as on 1/8/2007, and there is a fresh stagnation increment due to be released (and actually released) before 1/8/2008, say from 1/10/2007 onwards, then the basic salary is to be again fixed correspondingly in the revised Normal Grade from 1/10/2007.  The next normal increment in this case, if any, shall fall due on 1/10/2008.

Please be guided accordingly.

Sd/-

(RAJEEV GUPTA)

MANAGER.

CONVEYANCE FOR MARKETING (CLASS-1)

Dear Friends,

The Govering Board of GIPSA met on Saturday the 27th November, 2010 at New Delhi and decided to introduce new Conveyance Scheme for Marketing will be on par with LIC Scheme of 2006(Revised). 

1. This will be Rs.4.40; Rs.5.50 and Rs.7.50 Lakhs repectively ex-factory (without any tax). Consequently other attended benefits revised. It wil be 5 Years instead of 8 years (subject to Ministry's approval).

2. Conveyance Scheme for Officer's (Administration) - Exiisting Rs.50,000/- is increased to Rs.75,000/-.

With Warm Greetings,

M. Hanumantha Rao   T. Gopala Krishna

President                      General Secretary

NON-CORE BENEFITS:: REVISION IN LTS, FESTIVAL ADVANCE Etc...

Dear Friends,

You are aware that the Governing Board of GIPSA met on saturday the 27th November, 2010 at New Delhi. We understand that the following have been approved:-

1). LEAVE TRAVEL SUBSIDY: W.E.F. 15-12-2010 the Distance has been enhanced from  2000 Kms to 3000 Kms - extended to avail  including Foreign Travel within  the limits.

2). HRA & CCA for MEERUT City will be based on "A" Class City.

3). Dependants' income limit is increased-minimum family pension payable.

4). Vehicle Loan for Class-3 & 4 has been Inreased to Rs.50,000/-

5). TMP for Class-3, the distance is increased to 200 Kms.

6). Promotional Examination under para 13.2 class III to I will be Objective Type from next promotional exercise (exam) onwards.


EXPECTED ENHANCEMENTS VERY SHORTLY (with in 10 days):  a) Festival Aavance ; b) Boarding & Lodging caharges;


"" Watch this Blog for Latest Information"".

With Warm Regards,

M. HANUMANTHA RAO        T. GOPALA KRISHNA
    PRESIDENT                          GENERAL SECRETARY