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Monday, February 28, 2011

'Certificate of posting' discontinued

'Certificate of posting' is discontinued w.e.f 31.01.2011. For details, please see the blog posting from the following link.

Suspension of agitaional programme on the issue of upgradation of GP of IPs

As per the resolution passed in the CWC meeting of AIAIASP Orissa Circle Branch it was decided to resort to agitational programme by every member of the AIAIASP in Orissa Circle Branch by wearing black-badge in the first week of every month starting from February 2011. Accordingly, members of AIAIASP Orissa Circle Branch sportively wore black badge in the first week of February 2011. This position was intimated to the GS who during his telephonic discussion with the CS Orissa gave a go-ahead signal and mentioned at the same time that CHQ would be soon issuing instruction to Circles to follow some agitational programme on the issue. The programme launched by AIAIASP Orissa Circle was published in the blog with some photographs for information of members in other Circles. It was expected that other Circle would come forward to resort to some kind of  agitational programme on the All-India issue.

Orissa Circle Branch of AIAIASP is still awaiting with anxiousness to see that other Circles observe some kind of agitational programme. In the meantime, the GS has circulated a draft letter mentioning therein about wearing black badge only for one day in March. AIAIASP Orissa Circle Branch has now found that the scale of agitational programme decided to be followed in Orissa Circle does not match with that of the CHQ as proposed by the GS. Action on the point by other Circles is not yet decided. Since the GP upgradation is an all-India issue, agitational programme needs to be uniform through-out the country. The decision and direction of CHQ is crucial in this respect. The required direction is awaited from CHQ. In the meantime, the OA on the GP upgradation issue is coming up for final hearing on 03.03.2011 in Hon'ble CAT Ernakulam Bench. In such situation it is thought appropriate to suspend the agitational programme in Orissa Circle pending further decision and awaiting suitable direction from CHQ and also looking forward to the outcome of OA No. 381/2010.
All members of AIAIASP, Orissa Circle Branch are requested to note this point and act accordingly.

Union Budget 2011: What's costlier, cheaper, unchanged?

To be costlier :
Medical bills to rise by 5%
Prices of branded apparel may go up
Air travel to get costlier
Eating out to become dearer

To be cheaper:
Eco-friendly hybrid vehicles to be cheaper
Home loans
Mobile sets
Car prices to remain unchanged

Source /Read more: Union Budget 2011: What's costlier, cheaper, unchanged? - The Times of India

Highlights of Union Budget 2011-12

Service Tax to add another 4000 cr revenue gains
Export duty on iron ore pellets withdrawn
AC restaurants serving liquor under service tax net
To tax life insurance service providers
Service tax on hotel accommodation above Rs 1500 per day
Legal representation for businesses under service tax
Propose to raise service tax on air travel
Crude palm used in sports exempted from customs duty
Service tax net extended to include health check-ups
Special incentives for hybrid vehicle makers if manufacturing done in India
AC hospitals with more than 25 beds under service tax
Domestic travel to pay Rs 50 service tax, Rs 250 on international travel
Service tax to cover more areas
Net revenue gain of Rs 7300 crore from excise, customs changes
Ship owners allowed to import duty free parts
Union Budget 2011: Basic customs duty on raw silk reduced from 30 to 5 pct
Import duty on gypsum and coal from 5% to 2.5%
Duty reduced on hybrid & electric cars along with batteries imported for such vehicles
Excise on LED cut to 5 pct
Basic food, fuel exempted from central excise duty
Basic customs duty on Pet Coke and Gypsum to be reduced to 2.5%:
Direct cash subsidy on fuel, fertilizers by March, 2012
Export duty at 20% for iron ore
Basic customs duty on farm machinery reduced to 2.5%
No change in CENVAT rates
AC, cold chain equipment exempted from excise duty
To cut customs duty on raw steel
Rs 500 crore more for national skill development fund
Low withholding tax of 5% for notified infra funds
To impose mandatory levy of 10 pct on branded garments
Base rate on excise duty raised to 5% from 4%
To extend Rs 20,000 exemption for investment in infra debt funds for another year
To withdraw 130 items from exemption under Central Excise
Service tax retained at 10%
Direct Tax proposals net loss estimated at Rs 11,500 crore
To maintain standard rate of excise duty at 10 pct
Net tax to Centre will be Rs 6,64,457 crore; Non-tax receipts pegged at Rs 1,25,435 crore
Budget estimates for 2011-12 projects Rs 9,32,440 crore - an increase of 24 per cent
Special Economic Zones to come under MAT
Foreign unit dividend tax rate cut to 15% for Indian companies
Surcharge on domestic companies reduced to 5 % from 7.5%
No new tax exemption limits for women
Income tax limit raised from Rs 1,60,000 to Rs 1,80,000
Tax exemption limit raised to Rs 5 lakhs for senior citizens above 80 yrs
Exemption for senior citizens raised to Rs 2.5 lakhs
Age limit of senior citizens to claim tax exemption reduced to 60 yrs
MAT rate hiked from 18.5 pct to 18 pct
11th plan expenditure up 100% in nominal terms
Fiscal deficit seen at 4.6% for FY 11-12
Rs 5,000 crore to be provided to National Skill Dev Council
To distribute 1 million UID cards per day shortly
Total expenditure estimates up 13.4%
Growth rate of services sector expected at 9.3%
Gross Tax Receipts at Rs 9.32 lakh crore, up 25%
Plan expenditure at Rs 4.14 lakh crore
Relaxation in e-filing norms for small tax payers
FY12 health sector outlay at Rs 26760 cr, up 20%
Expect 10 lakh nos to be generated per day from 1st Oct 2011 under UID
Propose 300 crore to modernise stamp and registration in states
To amend Indian Stamp Act shortly
Allocation for defence at Rs 1.64 lakh
Some 20 lakh Adhaar numbers given
50 more mega food parks proposed
Rs 30 cr per district for Maoist affected area
Allocation to Department of Justice increased 3-fold to Rs 3000 cr
FY 12 defence capex seen at Rs 69,199 crore
9 lakh ex-gratia payment for disabled defence personnel
Rs 8000 cr to J&K for development needs
Banks to cover 20,00 villages for opening accounts in FY12
Rs 8,000 cr to Northeast and special states
Rs 26,760 allocated to health sector
Rs 100 cr for development of Ladakh
Plan to create 150 lakh metric tons food storage capacity
BPL Pension eligibility reduced from 65 yrs to 60 yrs
Rs 500 pension for those above 80 years as against Rs 200
Revised scheme for vocational course to improve employability of Youth
Rs 50 cr grant to Aligarh Muslim University centres in Murshidabad in West Bengal and Malappuram in Kerala
Edible oil cos rise on allocation of Rs 300 cr
To extend National Health Scheme to workers in mining sector
Allocate Rs 21,000 cr for Shiksha Abhiyan
Allocate Rs 10,000 to rural telephony
Rs 200 cr grant to IIT Kharagpur, Rs 20 crore to IIM Calcutta
Remuneration of Anganwadi workers raised from Rs 1500 to Rs 3,000 per month; helpers to get Rs 1,500 from Rs 750
To allocate Rs 21,000 cr to primary education, up 40%
Education allocation increased to Rs 52,057 cr, increase of 24%
Scholarships for needy SC/ST students of Class 9/10
New scheme to be introduced for refund of service tax on lines of drawback of duties
Cap infusion of Rs 20,157cr in PSU banks in FY12
FY12 IIFCL disbursement target upped to Rs 25,000cr
Fertiliser sector investment to get infra status
Broadband Internet for rural India
58,000 crore allocation for Bharat Nirman Schemes
To link NREGA wages to CPI inflation
Close to finalising food security bill this year
Plan to spend Rs 1.6 lakh crore on social projects, up 17%
Infra status to cold storage chains
To set up national policy on psychotic drugs, narcotics
To allocate Rs 300 cr for fodder development
Rs 300cr being made to promote production of bajra, jowar, ragi
Rs 300 cr to be allocated for oil palm production
Current account gap a concern due to composition of FX flows: FM
Propose to allow tax free infra bonds worth Rs 30000 cr for PSBs
Rs 300 cr to be allocated for oil palm production
5-fold strategy to deal with black money
Govt proposes to promote organic farming methods to enable farmers get best from their land
To allow Rs 30,000 crore tax free bonds for railways, NHAI
Infrastructure spending to be raised by 23%
Existing interest subvention scheme on short term farm loans at 7 % interest to continue
Rs 10,000 cr for NABARD as short term credit fund
Proposes to promote organic farming methods to enable farmers get best from their land
Credit flows to farmers raised from Rs 3.75 lakh cr to Rs 4.75 lakh cr
Allocation under Rashtriya Krishi Vikas Yojana to be raised from Rs 6755 cr in the current year to Rs 7860 cr
Direct cash subsidy on kerosene, fertilisers for BPL
3 pct interest subvention to farmers who pay back loan on time
Insurance amendment Bill, LIC bill and Pension Development Authority Bill in current session
Financial sector reforms to move forward
Rs 100 crore equity funds for micro-finance companies
Home loan limit hiked
Housing loan limit raised to 25 lakh for priority sector lending
 FIIs allowed to invest in 5-year unlisted bonds
Removal of supply bottlenecks in food sector in focus in FY12
Interest subvention on housing loans extended by one year
Propose to give Rs 3000cr to NABARD
Allocation for farm development hiked to Rs 7,860 cr
Plan to introduce Companies Bill in current session
Rs 300 cr to improve production of pulses
Rural housing fund corpus raised to Rs 3,000 cr from Rs 2,000 cr
To raise corpus of rural infrastructure development fund to Rs 180 bn
Mortgage Risk Guarantee Fund for economically weaker sections
Mortgage Risk Guarantee Fund for rural housing
Propose to create a women's self-help group with a corpus of Rs 500 cr
1% interest subvention on home loans upto 15 lakh
To allocate Rs 100 cr to SIDBI for women
To provide Rs 5,000 cr to SIDBI to meet priority lending targets
Interest subvention limit raised to Rs 25 lakh
To provide Rs 2,000 cr for manufacturing facilities
NRI's allowed to invest in mutual funds
Proposes to allocate Rs 6000 cr for some PSU banks to help them maintain Tier-I capital at 8 per cent
Union Budget 2011: Rs 2000 crore for warehousing facilities
Govt will move to direct transfer of fertiliser subsidy to cos
Union Budget 2011: Plan to allow FII limit in infrastructure bonds to $25 bn
FII limit in corporate bonds raised to $40 billion
Union Budget 2011: FIIs allowed to invest in MFs; unlisted bonds with minimum lock in period of 3 yrs
Discussions on to further liberalise FDI policy
New bank licence guidelines this year
Goods and Services Tax Bill to be introduced in Parliament this year
Huge differences between wholesale and retail prices
Govt committed to retain 51 per cent stake in PSUs
Disinvestment in FY 12 seen at Rs 40,000 core
Govt to keep up tempo of disinvestment process
Working on ensuring better delivery for urea, kerosene
GDP in FY11 estimated to have grown at 8.6% in real terms
States to cut down fiscal deficit to 3 percent of Gross State GDP by 2014
Public Debt Management Bill to be introduced in 2012
Agriculture growth at 5.4 %, industry at 8.1 % and services 9.3 %
Economy to grow at 9 per cent, plus or minus 0.25 per cent in 2012
DTC to be effective April 1, 2012
Impression of drift in government is misplaced
Indian economy back to pre-crisis growth trajectory
Have been deeply conscious about improving governance
Seen shortcomings in food supply chains
Govt has to reconcile ecological concerns with development aspirations
Expect average inflation to be lower next year
Monetary policy is keeping food inflation in check
Current account deficit poses concerns
Agriculture growth at 5.4%, industry at 8.1% in 2010-11
Govt is engaging in solving gaps in recent corporate governance:
Exports have grown at 29.4%
India expected to grow at 9 pct in FY 12
Corruption is a problem we have to fight collectively: FM
Budget is a transition towards transparent economy
Working on simplifying tax rules, trade and tariff norms
Do not foresee resources being a major constrain in medium-term
Working on simplifying tax rules, trade and tariff norms
New series of coins with new rupee symbol to be introduced
Still much to be done in rural India
Agriculture supply needs to ease
Still much to be done in rural India
Resources not major constraint in medium term
Food inflation remains a concern

For other news, see older posts