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Monday, 6 February 2017

BudgetForBetterIndia & President's address to Parliament

NEWS FROM THE WEEK:
​#BudgetForBetterIndia & President's address to Parliament

Budget For a Better India!
Union Budget 2017 contains several firsts. From steady progress on containing Fiscal Deficit to abolishing FIPB, from record allocation to agriculture, rural development, infrastructure to reduction in personal income tax, there was something for all sections of society.

This is a Budget for the Future: PM Modi
PM Modi stressed that that Union Budget 2017 is devoted to the well-being of the villages, farmers and the marginalized & has something for all sections of society.

President lauds Modi Government
President Pranab Mukherjee addressed the joint session of where he spoke about India's growth story and applauded various initiatives of the Modi Government which are transforming India.

When I see NCC cadets, I feel proud of our Yuva Shakti : PM
PM Modi extolled the power of youth and the benefits of technology during his address at a NCC rally. He congratulated the cadets and highlighted that being a part of the NCC is a unique experience as it offers a glimpse at India's diversity and strengths.

 
MEDIA COVERAGE


​VIDEO COVERAGE

Defence Pensioners

Indian Military Veterans
Ministry of Defence03-February, 2017 16:28 IST
Defence Pensioners
Details of State-wise assessed number of Defence Pensioners as on 01.04.2016 are enclosed as under: STATE WISE ASSESSED NUMBER OF DEFENCE PENSIONERS AS ON 01.04.2016
Sl. No.
State
No. of  Pensioners
1
Andaman & Nicobar
1057
2
Andhra Pradesh
65047
3
Arunachal Pradesh
1851
4
Assam
62265
5
Bihar
112626
6
Chhattisgarh
5218
7
Chandigarh
23885
8
Goa
2715
9
Gujarat
18361
10
Haryana
271034
11
Himachal Pradesh
150306
12
Jammu & Kashmir
85059
13
Jharkhand
9890
14
Karnataka
109541
15
Kerala
169255
16
Madhya Pradesh
53504
17
Maharashtra
196559
18
Manipur
5947
19
Meghalaya
2809
20
 Mizoram
2455
21
Nagaland
1125
22
New Delhi
98037
23
Odisha
21564
24
Pondichery
1333
25
Punjab
277985
26
Rajasthan
140405
27
Sikkim
288
28
Tamilnadu
116981
29
Tripura
2852
30
Uttar Pradesh
224971
31
Uttarakhand
87576
32
West Bengal
70293
33
Indian Embassy Nepal
107837

Total
2500631

Pension Disbursing Agencies have started releasing the 7th CPC arrears due to the pensioners.  Details regarding amount released and number of pensioners benefitted are being collected.
This information was given by Minister of State for Defence Dr. Subhash Bhamre in a written reply to Shrimati Vasanthi M. in Lok Sabha today.
***
DM/NAMPI/Ranjan

Income Tax on Senior Citizens: Govt. statement in Loksabha Read more: http://www.staffnews.in/2017/02/income-tax-on-senior-citizens-govt.html#ixzz4Xt7ZihUV Under Creative Commons License: Attribution Share Alike Follow us: @StaffNews_In on Twitter | cgenews on Facebook

Indian Military Veterans
Whether the Government proposes to implement any scheme of monthly interest of 8 per cent on fixed deposit scheme for 10 years for 7.5 lakh rupees for senior citizens under the income tax net;
 Senior citizen welfare fund created using unclaimed PPF, EPF
 Earmarking of Reservation Quota for Women and Senior Citizens: Railway Board Circular
 2.8 lakh of its pensioners above 80 years, Railways want to run a check
Income Tax on Senior Citizens: Govt. statement in Loksabha

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA

UNSTARRED QUESTION NO: 315
ANSWERED ON: 03.02.2017

Income Tax on Senior Citizens

RAMDAS CHANDRABHANJI TADAS
Will the Minister of FINANCE be pleased to state:-

(a) whether the Government proposes to implement any scheme of monthly interest of 8 per cent on fixed deposit scheme for 10 years for 7.5 lakh rupees for senior citizens under the income tax net; and

(b) if so, the details thereof and if not, the reasons therefor?

ANSWER
(a) & (b) Sir, the Varishtha Pension Bima Yojana (VPBY), 2017, a Government supported scheme, is being implemented through LIC, to provide social security during old age and protect elderly persons aged 60 years and above. The scheme protects investors against a future fall in the interest income due to uncertain market conditions. The scheme provides an assured pension based on a guaranteed rate of return of 8% per annum for ten years, with an option to opt for pension on a monthly / quarterly / half-yearly and annual basis. The differential return, i.e. the difference between the return generated by LIC and the assured return of 8% per annum would be borne by Government of India as subsidy on an annual basis.


Read more: http://www.staffnews.in/2017/02/income-tax-on-senior-citizens-govt.html#ixzz4Xt7SlQE7 
Under Creative Commons License: Attribution Share Alike 
Follow us: @StaffNews_In on Twitter | cgenews on Facebook

Budget 2017 and Central Government employees demands

Indian Military Veterans



Budget 2017 and Central Government employees demands
Comrades ,
The budget for the year 2017-18 was presented by the Shri Arun Jaitleyji Hon’ble Minister of Finance on 1st Feb 2017 , the Central Government employees had lot of hopes of this budget especially on increasing the tax slabs and tax rates reduction , also on allowances and increasing our wages i.e. revision of the fitment formula . One more important issue of filling up of vacant post in the Central Government.

Shri Arun Jaitleyji Hon’ble Minister of Finance had not uttered a single word about Central Government employees in his budget speech of nearly two hours, even though the Central Government employees work with dedication and implement the programmes and policy of the Central Government either way of revenue collection, transportation, public service , working for the welfare of the people of the country etc . This has caused dissatisfaction amongst Central Government employees as many of the demands of the Central Government employees are not considered. The tax proposals provided only a small relief to the Central Government Employees, actually a big relief should have been provided. The Central Government employees are disappointed of the outcome of the budget.

Now let us focus main issues of the CG employees and the budget 2017-17 especially this budget is being presented after the demonetization. As stated earlier the financial position of the Central Government is very good even after demonetization. The budget 2017-18 has once again proved that the Central Government resources are very good the revenue expenditure has been at 21.47 lakh crores. The fiscal deficit will be 3.2 % of GDP.

Now coming to the revenue growth of the Central Government in last four years we can observe from the financial year 2013-14 the Revenue Expenditure which was at is Rs 14.88 lakh crores the Revenue Expenditure the financial year 2017-18 which stands at 21.47 lakh crores . The fiscal deficit has also reduced from 4.8 % to 3.2 % of GDP in last four years . This shows that the financial status of the Central Government is very good. The growth rate of the revenue collection is about 15% annually. In fact the Shri Arun Jaitleyji Hon’ble Minister of Finance had stated the revenue collection is increasing to about 17 % annually. We should be proud that your country economy is in good shape. Indian economy is a stable economy can accommodate any additional financial expenditure to be made for the welfare of Central Government employees.

The revenue of the Central Government is increasing at about 15% annually, from last three years the revenue of the Central Government has increased by 45% the expenditure towards salary of Central Government employees including the defence employees has risen only by 14.5 % on wage hike due to 7th CPC and also Dearness Allowances expenditure. So total rise in pay hike is about 22% , even if allowances are released in next financial year additional expenditure is likely at just 3% as 70% of the employees don’t avail HRA which is the major allowances, . which is very much less than the 45% of the revenue collection of the Central Government. So the Central Government can afford to increase our wages considerably i.e revision of fitment formula and minimum wage . The allowances should be made effectively from 1st Jan 2016.

Next on the tax slabs the Shri Arun Jaitleyji: Hon’ble Minister of Finance had made announcement of the tax proposals provided only a small relief to the Central Government Employees by reducing the taxes for the slab 2.5 lakhs to 5 lakhs from 10% to 5% . This is only a very small gestures on the part of Shri Arun Jaitleyji Hon’ble Minister of Finance , actually a big relief should have been provided by way of abolishing the taxes up to Rs 5 lakhs . The expenditure loss for reduction of taxes for the slab 2.5 lakhs to 5 lakhs(1.95 crore show income between Rs 2.5 to Rs 5 lakh) from 10% to 5% is just at Rs 15,500/- crores only , if the Hon’ble Minister of Finance had announced the abolishing the taxes up to Rs 5 lakhs it could have been additional expenditure of Rs 15,000 crores only which at just half percent of the total budget revenue collections , next Rs 5 to Rs10 lakhs slab (only 52 lakh show income between Rs 5 to Rs 10 lakhs ) here also there should have been reduction in taxes from 20% to 10% , the limit of Rs 1.5 lakh under Section 80C for investment should have been increased upto 2.5 lakh which would have encouraged savings , all these measures could have gone a long way benefiting the Central Government employees and the salaried class employees a lot.

Today hardly 3 % of the country population are paying the income tax, the rest 97% do not pay income tax .The Central Government Employees are honestly paying the taxes. A big tax relief is genuinely due for them.

One more important problem faced by the Central Government Employees is that the no filling up of the vacant post in the Central Government, nearly 4 lakhs post are vacant, even in Railway safety post of 1.41 lakh post are vacant and Income tax department post are vacant, more manpower is required for effectively collection of the taxes and implementation of the programmes and policy of the Central Government. This will also provide jobs for the youth of the country.

We sincerely hope the Hon’ble Minister of Finance would reconsider his decision and improve the taxation policy and consider the demands of the CG employees effectively in true spirit.

Comradely yours

(P.S.Prasad)
General Secretary

Difference between NaMo and RaGa

Indian Military Veterans

Q. What is difference between Narendra Modi and Rahul Gandhi?
 A) Basic differences between Narendra Modi and Rahul Gandhi:-
1.    Narendra Modi belongs to a typical common & poor Indian family whom Congress leaders mocked as “chaiwala” (tea seller) because he used to sell tea to help his family. Rahul Gandhi belongs to the largest political dynasty in India who is considered the “kuldeepak” (heir) of the Congress party.
2.    Narendra Modi joined politics because he wanted to serve his nation. Rahul Gandhi joined politics because his mother asked him to look after their family profession.
3.    Narendra Modi has wisdom and political sense. Rahul Gandhi is talented in making political nonsense.
4.    Narendra Modi is a typical native Indian common man while Rahul Gandhi has foreign blood in his veins.
5.    Narendra Modi has good sense of humor, while Rahul Gandhi acts like a comedian.
6.    Narendra Modi has only Indian citizenship. Rahul Gandhi has been alleged of having multiple citizenship from different countries.
7.    Narendra Modi has no money except the salary he gets as the Prime Minister. Rahul Gandhi has huge property, land assets, stakes in business farms, shops in malls, etc. Source:- Rahul Gandhi’s past businesses: A BPO firm, shops, land


B) Difference between Narendra Modi and Rahul Gandhi based on their interactions with common people:-
1) Women empowerment and respect to women: Whenever Rahul Gandhi is asked about Congress’ manifesto, he always utters one point as a mandatory aspect- Women Empowerment. Let’s see something:-
Narendra Modi bows down and touches elder women’s feet as a gesture of respect. Rahul Gandhi, who always talks about women empowerment, lets elder women touch
Inline image 2
2) Respect to elders: Narendra Modi bows down to touch elder persons’ feet as a gesture of respect. On the other hand, Rahul GInline image 3andhi gets his feet touched by elder people.


) Relation with party members: Narendra Modi treats his party members with respect whether they are party workers, junior members or senior leaders. On the other hand, Rahul Gandhi treats his party members as his sycophants.

Inline image 4
4) Attending political rival’s funeral ceremony: When Narendra Modi was consoling grief stricken CM Panneerselvam at Jayalalitha’s funeral, Rahul Gandhi was laughing and having fun with like minded people like Gulam Nabi Azad.
Inline image 5

C) Difference between Narendra Modi and Rahul Gandhi based on their performance and attitude:
1.    Narendra Modi works for 16–18 hours per day. He didn’t take any single holiday. Rahul Gandhi works less and always takes long secret holidays without anybody’s knowledge. Sometimes he goes for Europe, sometimes he goes for Thailand.
2.    Narendra Modi takes bold decisions like demonetization, surgical strikes, restriction on cash donation to parties at Rs. 2000, etc. On the other hand, Rahul Gandhi’s performances include issues like:-
1.    Spreading rumor that the suit worn by Modi during Obama’s visit costs Rs. 10 lakh. The suit was actually gifted by a Gujarati businessman. Rahul Gandhi forgot about the suits worn by his grandfather and father in the past.
2.    Claiming that despite belonging to India’s richest political family he himself wears torn suits.
D) Difference between Narendra Modi and Rahul Gandhi with respect to Secularism:
In his interview, Narendra Modi says- “Indian Muslims will live for India, they will die for India. They will not want anything bad for India”.
On the other hand, let’s see Rahul Gandhi’s secularism:-
1.    On a Sankalp Samavesh held for his father’s 70th birthday anniversary, Rahul Gandhi said- “Those who go to the temples, worship the goddess, refer to women as daughters and mothers, molest women in the bus”.
2.    As per the whistleblower website Wikileaks, Rahul Gandhi once told US ambassador Timothy Roemer that Hindu groups are bigger threat than Lashkar-e-Tayyeba. Source:- Radical Hindu groups bigger threat than LeT, says Rahul
The difference between Narendra Modi and Rahul Gandhi is huge. So much huge that it can’t be summed up in a single answer.
To give a clear picture about the difference between the two, let me tell you a small summary.
Narendra Modi’s achievement is that he was one of the best CMs of Gujarat whose tenure was twelve and a half year. He is now the current Prime Minister of India.
To know about the achievements of Rahul Gandhi, please visit this link:- Rahul Gandhi's Achievements - A Comprehensive Guide.
What do you see in the link? Do you see a blank page with nothing written in it?
Don’t be surprised. That is what Rahul Gandhi’s real achievement. His achievement is blank.
( By kind curtsy of my  friend )

----- Dr V S karnik

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