While the government wanted to catch the income tax evaders and the corrupt, the law-abiding, tax-paying common people ended up facing maximum hassles.
All bank accounts to be seeded with Aadhaar by Mar 31, Aadhaar to be made mandatory for PDS as well.
The decision to enhance the DA by 3% was taken by the government on Wednesday, a release from the Finance minister’s office said.
NPS has been growing at around 35 per cent per annum in terms of both AUM and subscriber base for the past three years.
In the NPS, if you withdraw before the age of 60, you need to compulsorily use 80 per cent of the proceeds to buy an annuity plan from an insurer.
Pension is a retirement benefit that an employee gets post-retirement. In many cases this retirement benefit is also passed on to the dependent family members.
The 7th pay commission submitted its report in November 2015 and the central government approved it in June last year. Over six months later, the government is yet to implement the recommendations.
The fixed-pay regime was introduced by the Gujarat government in 2006, wherein such direct recruits for these posts were only entitled to get a fixed salary for a period of five years.
Transport allowance at double the normal rates would be admissible to the hearing impaired employees having loss of 60 decibels or more in the better ear in the conversation range of frequencies, it said.
The Panjab University would have to arrange for around Rs 150 crore, which is 30 per cent of the funds required to meet the additional fiscal liability incurring owing to the implementation of the 7th Pay Commission.
Measures for streamlining the implementation of the (NPS) National Pension System for Central Government employees.
Presently the mobile application for Paperless Journey Ticket, Issue/Renew Season Ticket & Platform Ticket has been started.
Additional Relief on death/disability of members of All India Service who have joined Service on or after 01.01.2004 has been considered by this Department.
The applicability of the provisions of the aforesaid OM regarding grant of Provisional Pension sanctioned under Rule 69 of the CCS(Pension) Rules, 1972 has been considered by this Department.
Experts are also of the view that the upcoming Budget 2017 should provide some tax gain for the common people to soothe at least the cash ban pain.