""FLASH NEWS""

"" Listing of state general insurers may be staggered.""...""" New India Assurance launches “New India Premier Mediclaim Policy” with exclusive features and Sum Insured upto Rs. 1 crore""".... “The tentative decrease in D.A. Slabs is 9 for the months from February,2017 to April,2017 - The net number of slabs for Feb.,2017 stands at 469"".."" ALL MEMBERS OF NFGIE/GICEU: PL ENSURE PAYING LEVY ON WAGE REVISION IMMEDIATELY ON RECEIPT OF ARREARS TO THE RESPECTIVE STATE /REGIONAL UNITS TO STRENGTHEN FINANCIAL POSITION OF NFGIE AS WELL AS STATE UNITS OF GICEU""....."" WAGE ARREARS WILL BE PAID ON 05th FEB.,2016""...."" WAGE REVISION FILE WAS CLEARED BY FINANCE MINISTRY ON THURSDAY 14TH JAN.,2016 ONLY. EXPECTING NOTIFICATION AT ANY TIME. HOWEVER, ON TUESDAY 19TH JAN.2016 GIPSA GOVERNING BODY MEETING HELD AT 'GOA'. PAYMENT DATE MAY BE DECIDED BY GIPSA AUTHORITY.""..."" NEXT ROUND OF DISCUSSIONS WITH GIPSA ON 04TH, 5TH & 6TH nOV., 2015 AT HOTEL GOLCONDA,HYDERABAD- NFGIE SLOT FOR DISCUSSIONS ON WAGE REVISION WITH GIPSA AT 2 PM ON 04.11.2015""...""Received a call from Mr A K Singhal, Advisor, GIPSA to our National Federation General Secretary, Mr P S Bajpai regarding the next round of Wage Talks on 29th October 2015 (Thursday) at Mumbai. Detailed Circular follows.""..."" We have been informed by Mr. Vasant Khande,Mumbai that Mr. Ashish Shelar,MLA and BJP President of Mumbai is going to attend our NFGIE conference on 1st October,2015 in Chennai""...""Wage revision and Pension Option – Programme of Agitation::: 1. Lunch Hour demonstrations in all centres on 15th and 23rd September.2. Signature campaign (memorandum addressed to Finance Minister) to complete by 23rdSeptember.;3. No late sitting in offices and no work on Saturdays, Sundays and Holidays w.e.f. 23rd September, 2015;4. Joint Employees meetings in all offices to campaign;5. Perspective of strike actions in October ""......"23RD JULY IS NEW INDIA'S FOUNDATION DAY(23RD JULY, 1919). ON THIS HAPPY OCCASSION, LET ALL NEW INDIANS TO RE-DEDICATE THEMSELVES ONCE AGAIN TO BRING BACK IT'S GLORY AND TO RETAIN NO.1 POSITION WITH PROFITS




""NEW INDIA ASSURANCE BEATS COMPETITION, GETS $9.5 BILLION AIR INDIA DEAL. One of India’s biggest public sector general insurer, New India Assurance (NIA) led consortium of public sector insurance companies has been awarded the contract to insure Air India’s huge fleet of 126 aircrafts worth 9.5 billion dollars. The consortium outbid the tender submitted by private general insurance companies, for this contract floated by Air India. NIA will insure Air India for 9.5 billion insurance cover for a premium of $22.5 million, which would be a one of the biggest aircraft insurance deals in the whole of Southeast Asia. PSU insurers continue to insure Air India for 4th year in a row"".....""Thank u all for staging a successful DHARNA today (06.7.2015) all over India as part of JFTU programme. At Mumbai we met Chairman GIPSA who informed that ministry is insisting on wage settlement on bank line only. Still they are pursuing with the ministry for getting sanction for a better package for PSGI Companies citing various factors. Due to this GIPSA is delaying resumption of wage negotiation. More stringent TU action is needed by JFTU against Ministry of Finance stand. JFTU will decide its further programme....Than 'Q'...Sujit Bagchi,General Secretary, "NFGIE""...""


TOTAL WEB VIEWERS

Sunday, August 10, 2014

"" P L L I ""


Dt. 06.08.2014
To
The General Secretary/Working President
NFGIE :HO

Dear Sir,

Recently our Director-General Manager Mr.K Sanath Kumar  released administrative Instructions on Payment of Profit Linked Incentive Scheme for the year 2012-13 along with the list of eligible few  offices under respective Regional Offices.

We all are well aware of the fact that Trade Unions are demanding for Profit Linked Incentives to all the employees in the Industry irrespective of cadre and class.

Basing on Trade Unions demand the  PLLI was distributed to all employees only once earlier somewhere during the period 1991-1994 after the  Wage Revision.  Having agreed by GIC/GIPSA  instead of continuing the same on yearly when ever company showing profits, but management  stopped  the benefit by putting several conditions.

Members are demanding for PLLI to all  basing on the over all performance of the HO not on  selected operating  individual offices.  We are also suggesting that as the name itself "Lump sum Incentive" which is invariably has   to be distributed all the employees equally and an additional top-up-amount can  be given selected offices where fulfill the PLLI criteria.  Amount is not criteria but profit of  over all New India should be given to all the employees which will give moral boost up to all the employees.

Recently our HO management instructed all the Regional Office granted Rs.200/- each employee as a token of small treat on the occassion of 96th foundation dayEvery employee of this industry was happy with this but no body count about the money.

Please take up the issue suitably with HO management as well as GIPSA there is the need to make it an annual feature hereafter in the interest of the welfare of the organization.

टी. ग़ोपाला कृष्णा
T.Gopala Krishna
General Secretary

Friday, August 8, 2014

Income Tax 2014-15 – what are all the changes affecting Salaried Employees ?

 Income Tax 2014-15 (Assessment year 2015-16)

In case of individual (other than II and III below) and HUF
Income LevelIncome Tax Rate
i.Where the total income does not exceed Rs.2,50,000/-.NIL
ii.Where the total income exceeds Rs.2,50,000/- but does not exceed Rs.5,00,000/-.10% of amount by which the total income exceeds Rs. 2,50,000/-***
iii.Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/-.Rs. 25,000/- + 20% of the amount by which the total income exceeds Rs.5,00,000/-.
iv.Where the total income exceeds Rs.10,00,000/-.Rs. 1,25,000/- + 30% of the amount by which the total incomeexceeds Rs.10,00,000/-.

II. In case of an individual resident who is of the age of 60 years or more at any time during the previous year:-
Income LevelIncome Tax Rate
i.Where the total income does not exceed Rs.3,00,000/-.NIL
ii.Where the total income exceeds Rs.3,00,000/- but does not exceed Rs.5,00,000/-10% of the amount by which thetotal income exceeds Rs.3,00,000/-.
iii.Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/-Rs.20,000/- + 20% of the amount by which the total income exceeds Rs.5,00,000/-.
iv.Where the total income exceeds Rs.10,00,000/-Rs.1,20,000/- + 30% of the amount by which the total incomeexceeds Rs.10,00,000/-.

III. In case of an individual resident who is of the age of 80 years or more at any time during the previous year:-
Income LevelIncome Tax Rate
i.Where the total income does not exceed Rs.2,50,000/-.NIL
ii.Where the total income exceeds Rs.2,50,000/- but does not exceed Rs.5,00,000/-Nil
iii.Where the total income exceeds Rs.5,00,000/- but does not exceed Rs.10,00,000/-20% of the amount by which thetotal income exceeds Rs.5,00,000/-
iv.Where the total income exceeds Rs.10,00,000/-Rs.1,00,000/- + 30% of the amount by which the total incomeexceeds Rs.10,00,000/-.

MEETING ON PROMOTIONAL POLICY WITH GIPSA ON 08TH AUG 2014

Dear Friends,

Meeting on promotional exercise over. Current year promotion exercise
be over by 31st October, 2014. Current exercise will be on existing policy.
Demanded full committee discussion in next round. Problem with MBA marks.
Detailed circular follows.


SUJIT BAGCHI
GENERAL SECRETARY
NFGIE, NEW DELHI

8.8.2014