Procedure for grant of permission to the pensioner for commercial employment after retirement - revision of Form 25.

LIST OF CLOSED HOLIDAYS AND RESTRICTED HOLIDAYS FOR THE YEAR 2016

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Government to notify mandatory quoting of PAN for cash transactions over Rs 2 lakh

You will have to flash your permanent account number (PAN) for any transaction of over Rs 2 lakh regardless of mode of payment. The government has issued a notification to give effect to the budget proposal, intended to check domestic black money, apart from modifying the rules for PAN requirement for other transactions as well.

The monetary limits for quoting PAN has raised to Rs 10 lakh from Rs. 5 lakh for sale or purchase of immovable property, to Rs 50,000 from Rs 25,000 in the case of one time hotel or restaurant bills and to Rs 1 lakh from Rs 50,000 for purchase or sale of shares of an unlisted company.

This was one of the measures proposed by the government in the budget to curb domestic black money. 

  

The budget had proposed a Rs 1 lakh limit. "Quoting of PAN is being made mandatory for any purchase or sale exceeding the value of Rs1 lakh," FM had said in his budget speech.

A higher limit has been notified following representation from various quarters.

"Considering the representations, it has been decided that quoting of PAN will be required fortransactions of an amount exceeding Rs.2 lakh regardless of the mode of payment," the Finance Ministry said in a statement. 

Persons who do not hold PAN are required to fill a form and furnish any one of the specified documents to establish their identity, the statement said. The new rules will come into effect from January 1, 2016.

"The above changes in the rules are expected to be useful in widening the tax net by non-intrusive methods. They are also expected to help in curbing black money and move towards a cashless economy," the statement said.

There will not be any requirement of PAN for Jan Dhan accounts as well. 

Source:-The Economic Times

Procedure for grant of permission to the pensioner for commercial employment after retirement - revision of Form 25.

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Swachh Bharat Campaign in Post Offices from 18^th27December 2015

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Revised Recruitment Rules for AMM & Deputy Manager MMS

As part of cadre restructuring  of MMS Cadres & one of the  Departmental council item of staff side. Now Department of Posts prepared draft Revised Recruitment Rules for AMM & Deputy Manager MMS, after formalities it will send to Nodal Ministry & UPSC for approval colleagues are aware MMS Driver Revised Recruitment Rules already released by the Department. 

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2)Reservation in promotion – Hon’ble Supreme Court’s Judgment is under consideration

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18/12/2015

1)In 7th CPC Real increase on account of Pay & DA will be only 5% (16% – 11% = 5%). It is clearly evident that financial implications will be very marginal on account of implementation of 7th CPC recommendations.

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2)Finmin appoints Chaturvedi in Pay Commission implementation cell,

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