Saturday, 12 July 2014

Opening of holiday home at Tirupati - Directorate of Estates Orders

Opening of holiday home at Tirupati - Directorate of Estates Orders

Directorate of Estates issued orders regarding the new and another Holiday Home for Central Government employees…

Opening of holiday home at Tirupati for Central Govt Employees – Orders published by Directorate of Estates under Ministry of Urban Development…copy of the order is reproduced below…


MOST IMMEDIATE
No. D-11016/3/2009-Regions
Government of India
Ministry of Urban Development
Directorate of Estates
Nirman Bhawan, New Delhi
Dated 01-07-2014
Office Memorandum

Subject: Opening of holiday home at Tirupati.

Construction of holiday home at Tirupati has been completed and it has been decided to commence the booking of holiday home at Tirupati with immediate effect. Address of holiday home is D. No. 4-7-29/2, TUDA Apartments Complex, Near I.S. Mahal Threater, Nrisimha Teertham Road, Tirupati-517507. Tele/Telefax No. is 0877 2262211

Further, as per existing categories, holiday home at Tirupati comes under Category ‘C’ and accordingly, rates of booking will be charged.

2. NIC is requested to upload this office memorandum on the website of holiday homes i.e. www.holidayhomes.nic.in.

sd-/
(NS. Chauhan)
Assistant Director of Estates (Regions)

Source: www.holidayhomes.nic.in
[http://holidayhomes.nic.in/WriteReadData/Circulars/34OpeningofholidayhomeatTirupati.pdf]

Distance limit on issuing a Tatkal ticket

Minister of State for Railways Shri Manoj Sinha has said that with a view to discourage short distance travel under the Tatkal scheme, the minimum distance for booking tickets under the Tatkal Scheme has been revised as under:-

ClassMinimum distance for charge (in km)
Second Sitting100
 AC Chair Car, Executive Class250
Sleeper, 3AC Economy Class, AC 3-Tier, AC 2-Tier500

Whether government would consider a reversal of this decision, Shri Manoj Sinha in a written reply in the Rajya Sabha, said no change in policy is contemplated at present on the question.



Details of Rajya Sabha Q&A

GOVERNMENT OF INDIA
MINISTRY OF  RAILWAYS
RAJYA SABHA
QUESTION NO  460
ANSWERED ON  11.07.2014

Distance limit on issuing a Tatkal ticket
460  SHRI K.N. BALAGOPAL
Will the Minister of RAILWAYS be pleased to satate :-

(a) whether Government has decided to limit issuance of Tatkal ticket only to a minimum distance of 500 kilometers, changing the earlier set limit of 200 kilometers, if so, the details thereof;

(b) whether Government is aware that this decision causes difficulties and financial loss to short distance travellers, especially travelling within small States like Kerala; and

(c) if so, whether Government would consider a reversal of this decision?

Austerity Measures by the Government -- PBI News

The Government has issued orders on expenditure management-economy measures and rationalization of expenditure. Such measures are intended at promoting fiscal discipline, without restricting the operational efficiency of the Government. The instructions were issued in July 2011, May 2012 and September 2013. These include 10% cut in non-plan expenditure, restrictions on holding seminar and conferences, ban on purchase of vehicles except condemned vehicles, restrictions on domestic and foreign travel, ban on creation of posts, consultancy assignment, balanced pace of expenditure, observance of discipline in fiscal transfers to States, Public Sector Undertakings and Autonomous Bodies at the Central/State/Local level.

Government has introduced Medium-term Expenditure Framework Statement, setting forth a three-year rolling target for expenditure indicators with a view to undertaking a de-novo exercise for allocating resources for prioritized schemes and weeding out others that have outlived their utility. It would also encourage efficiencies in expenditure management. Government also endeavours to restrict the expenditure on Central subsidies.

The responsibility for implementing the instructions rests with the respective Ministries/Departments and the relevant data is not maintained centrally.

The details of the fiscal deficit of the Government during the last three years are as follows:

Year
Fiscal Deficit (in Rs. crore)
Fiscal Deficit (% of GDP)
2011-12
5,16,269
5.8
2012-13#
4,90,190
4.9
2013-14@
5,08,149
4.5
            #actuals  @provisional

This information was given by the Minister of State for Finance, Smt. Nirmala Sitharaman in written reply to a question in Lok Sabha today.(11.7.2014 )

Grant of increased rate of Washing Allowance to the Canteen Employees

Grant of increased rate of Washing Allowance to the Canteen Employees

No.18/1/201 3-Dir (C)
Government of India
Department of Personnel, P.G. & Pensions
(Department of Personnel & Training)
Lok Nayak Bhawan. Khan Market,
New Delhi, dated 10th JuIy, 2014
OFFICE MEMORANDUM
Subject: Grant of increased rate of Washing Allowance to the Canteen Employees working in Non-Statutory Departmental Canteen/Tiff in Room functioning from Central Government Offices —regarding.

The undersigned is directed to refer to this Department’s Office Memorandum No. 18/1/2000-Dir-(C), dated 29.6.2001 on the subject mentioned above and to say that it has been decided to revise the existing rate of washing allowance from Rs. 30/- p.m. (Rupees thirty only) to Rs. 60/- p.m. (Rupees sixty only) who have been supplied with uniforms. The rate of washing allowance will be increased by 25% every time the Dearness Allowance payable on revised pay scales goes up by 50%.


2. This order shall be effective from 1 September, 2008 in pursuance of the Department of Personnel and Training O.M. No14/3/2008-JCA, dated 11.9.2008 (Copy enclosed).

3. This issues with the concurrence of Ministry of Finance, Department of Expenditure and Home Finance Division vide their U.O /Dy. No. 3101359, dated 3.7.2014 respectively.

(Pratima Tyagi)
Director(Canteens)
Source: www.persmin.nic.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02adm/was0001.pdf]



Restricted Holiday(R.H.) on the occasion of the Maha Shivratri to be observed on 17th February, 2015 - Dopt Orders

Restricted Holiday(R.H.) on the occasion of the Maha Shivratri  to be observed on 17th February, 2015 - Dopt Orders: - Click here to view List of Holidays 2015 for Central Government Offices

MOST IMMEDIATE
F.No.12/5/2014-JCA-2
Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel and Training)
North Block, New Delhi
Dated 10th July, 2014
CORRIGENDUM

Subject: Restricted Holiday (R.H.) on the occasion of the Maha Shivratri  to be observed on 17th February, 2015

The festival of Maha Shivratri falls during the year 2015 A.D. on 17th  February, 2015 (28 Magha, 1936 Saka Era, Tuesday). Inadvertently, this was not included in the list at Annexure-II of this Department’s O.M. of  even number dated 6-6-2014, under the heading “List of Restricted Holidays during the year 2015 for Administrative Offices of Central Government Located at Delhi/New Delhi”. The Annexure-II now stands amended to this extent.



2. Hindi version will follow.

sd/-
(Ashok Kumar)
Deputy Secretary (JCA)

Source: www.persmin.gov.in
[http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/12_5_2014-JCA-2-10072014.pdf]


CEPT NEWS : MIGRATION FROM EMAIL TO HDMS

Refer to letter number CEPT/HD & CC/HDMS/13 dated 04.01.2014addressed to all Heads of Circles regarding Roll Out of Help Desk Management System (HDMS). HDMS is to replace the existing system of providing support through the email in a phased manner.
Therefore please raise a Ticket on the HDMS for the technical issue referred by you in the trail email to get response / solution from CEPT. Reply shall be given to the Ticket and you can see the same in your login account. The pre-requisite / procedure of raising a ticket under HDMS is kept in the attached zipped folder for information, guidance and necessary action.


Please note that a file of bigger size or such multiple files are to be sent in HDMS through Google Drive only. The procedure to be followed for sending files of bigger size e.g. database backups etc or multiples files associated with a particular Ticket in HDMS is  available for download at 

for information and necessary action

POST TITLE
Zip file Contains
Pre-requisite for using HDMS.pdf
Procedure for Sharing Big Files or Multiple Files in HDMS.pdf

Friday, 11 July 2014

WORLD POPULATION DAY -TODAY

“Youth bulge not forever, let’s harness dividend now”
World Population Day an occasion for introspection: Dr Harsh Vardhan
The World Population Day is a day for introspection. India has spectacularly failed in controlling its population and in utilising its huge human resource base to engender national progress. Is it too late to effect a change of course?

Making this observation on the eve of UN World Population Day, Dr Harsh Vardhan, Union Health Minister, said “Nations have suffered for want of enough able bodied and wise men. We have plenty of this resource in India but don’t know how to use it to our national advantage. What can be a greater tragedy?”

The Health Minister said that the theme for this year’s World Population Day chosen by the United Nations Population Fund (UNFPS) is “Investing in youth”. For India this is most appropriate because it presently has one of the youngest populations in the world. More than half are below 25 and 65 percent of the population is under 35 years of age, he stated.

The intention of observing July 11 as World Population is to raise awareness on the need to offer adequate health, education and other essential services. The Executive Director of UNFPA, Mr Babatunde Osotomehin has called for raising people’s awareness of the problem of adolescent pregnancies. He has also given a call for investing in adolescent girls which is key to achieving development aims. This, according to the Health Minister, dovetails with Prime Minister Sh Narendra Modi’s stated objectives.

“Even in the second decade of the 21st century, the government is nowhere when it comes to evolving an education system which convinces people not to impose marriage and pregnancy on young girls before they are physically and mentally capable of motherhood,” Dr Harsh Vardhan said.

WHO has stated that half of the world’s adolescent pregnancies occur in seven countries, one of which is India. A UNFPA report of 2011 stated that every year 4 million teenage girls under 18 have babies. For every 1,000 girls aged 15 to 19 there are 76 adolescent births compared to 49 worldwide and 53 in developing countries.

“Let us not harbour the illusion that these pregnancies are the result of sound consensus. They are a consequence of discrimination, rights violations, child marriage, inadequate education or downright rape. I have spoken out against so-called sex education without pedagogy on this burning issue and would like it to be replaced by a format which makes people aware about child pregnancy and associated evils,” Dr Harsh Vardhan said.

Dr Vardhan said that the present population of India, 1.2 billion, need not be viewed as a burden. “Our population is young and willing to contribute but we have to empower them with adequate skills. This is the only route to harnessing the demographic dividend.” 

Wednesday, 9 July 2014

Railway Budget 2014-15: Highlights

Here are the main Highlights of Railway Budget 2014-15 presented by Union Railway minister Sadananda Gowda in Lok Sabha today(08 July 2014) at 12.00Hrs.

* Rail budget seeks course correction, avoids populism
* No increase in rail fare
* Stress on resource mobilization through PSU surplus, FDI and PPP
* Bullet train on Ahmedabad-Mumbai corridor proposed, Speed of trains to be increased in nine sectors
* More thrust on passenger amenities, cleanliness & efficient station management
* Multi pronged approach for improving safety & security, 4000 women RPF constables to be recruited
* Revamping railway reservation system into next generation e-ticketing, Wi-fi services in major stations & in select trains, mobile based wakeup calls for passengers
* 58 new trains introduced; 11 existing trains extended
* Railway university and innovation incubation centre to be set up
* Top priority to transparency, e-procurement to be made
* Compulsory in higher purchase, online registration for wagons in next two months
* Highest ever plan outlay of ­ 65,445 crore with higher allocation for safety measures
Railway Reservation System will be revamped into Next Generation e-Ticketing System. Ticket booking through mobile phones and through Post Offices will be popularized. 


Full Highlights (English): Click Here
Full Highlights (Hindi): Click Here
Full Railway Budget English : Click Here
Full Railway Budget Hindi : Click Here

Filing of Income Tax Returns (ITR) in July 2014 Read more: http://karnmk.blogspot.com/2014/07/filing-of-income-tax-returns-itr-in.html#ixzz36wTGxoZa Under Creative Commons License: Attribution Share Alike Follow us: @karnmk on Twitter | cgenews on Facebook

Filing of Income Tax Returns (ITR) in July 2014

In India, the system of direct taxation has been in force in various forms since ancient times. There are references both in Manu Smriti and Arthasastra to a variety of tax measures. In modern India income tax was introduced by Sir James Wilson on 24 July 1860. It was a tax selectively imposed on the rich, royalty and Britishers, and hence was not liked by the powerful. The Act lapsed in 1865 and was re-introduced in a different form in 1867.
Important Dates
it+dates+jan+mar


it+dates+apr+jun
it+dates+jul+aug

it+dates+sep+oct

it+dates+nov+dec

WHAT IS INCOME TAX?
In the modern times, income tax is an annual tax on income. The Indian Income Tax Act (Section 4) provides that in respect of the total income of the previous year of every person, income tax shall be charged for the corresponding assessment year at the rates laid down by the Finance Act for that assessment year. Section 14 of the Income Tax Act further provides that for the purpose of charge of income tax and computation of total income all income shall be classified under the following heads of income: salaries, income from house property, profits and gains of business or profession, capital gains, income from other sources.

The total income from all the above heads of income is calculated in accordance with the provisions of the Act as they stand on the first day of April of any assessment year. The Income Tax Department is responsible for all activities related to the taxation process.

The Income Tax Department is governed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue under the Ministry of Finance, Government of India.

WHO HAS TO PAY INCOME TAX?
The word income has a very broad and inclusive meaning. In case of a salaried person, all that is received from an employer in cash, kind or as a facility is considered as income. For a businessman, his net profits will constitute income. Income may also flow from investments in the form of Interest, Dividend, and Commission etc. Infact the Income Tax Act does not differentiate between legal and illegal income for the purpose of taxation. Under the Act, all incomes earned by people are classified into five different heads, such as: income from salary, income from house property, income from business or profession, income from capital gains and income from other sources.

INCOME TAX RATES
 Individuals, Hindu Undivided Families, AOPs, BOIs

For any other resident individual (born on or after April 1, 1954), any non-resident individual, every Hindu Undivided Family (HUF), Association of Persons (AOP) or a Body of Individuals (BOI),artificial juridical person following are the Income Tax Rates.

Net income range Income-tax rates Surcharge Edu cess Sec and higher education cess
Up toRs.2,00,000 Nil Nil Nil Nil
Rs.2,00,000 –Rs.5,00,000 10% of (total income minus Rs.2,00,000) Nil 2% of income-tax 1% of income-tax
Rs.5,00,000 –Rs.10,00,000 Rs.30,000 + 20% of (total income minus Rs.5,00,000) Nil 2% of income-tax 1% of income-tax
Rs.10,00,000 –Rs.1,00,00,000 Rs.1,30,000 + 30% of (total income minus Rs.10,00,000) Nil 2% of income-tax 1% of income-tax
AboveRs.1,00,00,000 Rs.28,30,000 + 30% of (total income minus Rs.1,00,00,000) 10% of income-tax 2% of income-tax and surcharge 1% of income-tax and surcharge

Senior Citizen

For a resident senior citizen (who is 60 years or more at any time during the previous year but less than 80 years on the last day of the previous year, i.e., born during April 1, 1934 and March 31, 1954

Net income range Income-tax rates Surcharge Edu cess Sec and higher education cess
Up toRs.2,50,000 Nil Nil Nil Nil
Rs.2,50,000 –Rs.5,00,000 10% of (total income minus Rs.2,50,000) Nil 2% of income-tax 1% of income-tax
Rs.5,00,000 –Rs.10,00,000 Rs.25,000 + 20% of (total income minus Rs.5,00,000) Nil 2% of income-tax 1% of income-tax
Rs.10,00,000 –Rs.1,00,00,000 Rs.1,25,000 + 30% of (total income minus Rs.10,00,000) Nil 2% of income-tax 1% of income-tax
AboveRs.1,00,00,000 Rs.28,25,000 + 30% of (total income minusRs.1,00,00,000) 10% of income-tax 2% of income-tax and surcharge 1% of income-tax and surcharge

Super Senior Citizen

For a resident super senior citizen (who is 80 years or more at any time during the previous year, i.e., born before April 1, 1934)

Net income range Income-tax rates Surcharge Edu cess Sec and higher education cess
Up toRs.5,00,000 Nil Nil Nil Nil
Rs.5,00,000 –Rs.10,00,000 20% of (total income minus Rs.5,00,000) Nil 2% of income-tax 1% of income-tax
Rs.10,00,000 –Rs.1,00,00,000 Rs.1,00,000 + 30% of (total income minus Rs.10,00,000) Nil 2% of income-tax 1% of income-tax
AboveRs.1,00,00,000 Rs.28,00,000 + 30% of (total income minus Rs.1,00,00,000) 10% of income-tax 2% of income-tax and surcharge 1% of income-tax and surcharge

Co-operative Societies

Assessment year 2014-15
Co-operative societies - The following rates are applicable to a Co-operative Society for the assessment years 2013-14 and 2014-15.

Net income range Income-tax rates
Up to Rs.10,000 10%
Rs.10,000 - Rs.20,000 20%
Rs.20,000 and above 30%

Firms
Assessment year 2014-15 -

A firm is taxable at the rate of 30 per cent for the assessment years 2013-14 and 2014-15.

Specified Income Tax rates for other income

Check the rates of other taxable income such as: short-term capital gains, long-term capital gains, etc. for the Assessment year 2014-15

TAX CALCULATION AND PAYMENT

The Income Tax Department has developed an online Tax calculator.

Individuals, HUF, Company, Firm, AOP, BOI, etc. can calculate their tax amount of the respective Assessment Year.

Taxpayers, deductors or collectors can pay taxes in cash/cheque at any designated bank branches by submitting the appropriate Challan. An online payment facility is also available.

FILING INCOME TAX RETURNS

As per Taxation Rules, it is mandatory for an earning individual/entity to file a return irrespective of the fact that tax has been deducted at source by his/her employer or not, and whether he/she is eligible for a refund or not.

Note: The CBDT has, vide notification dated 1-05-2013, made E-filing of Return compulsory for Assessment Year 2013-14 for persons having total assessable income exceeding Five lakh rupees.

The CBDT vide its earlier notifications had exempted salaried employees having total income upto Rs.5 lakhs including income from other sources upto Rs.10,000/- from the requirement of filing return of income for assessment year 2011-12 and 2012-13 respectively. The exemption was available only for the assessment year 2011-12 and 2012-13. The exemption was giving considering 'paper filing of returns' and their 'processing through manual entry' on system.

To file Income Tax Returns (ITRs), one needs to submit the ITRs belonging to the particular assessment year. The ITR forms to file income returns for AY 2014-15 are as follows:

Note:- All Forms are in PDF

Note:- All Forms are in PDF

Indian Individual Income tax Return

SAHAJ (ITR-1)

SAHAJ and SUGAM forms are coloured forms with standard features. Taxpayers can download the forms from the website and print using a colour printer on an A4 size white paper.

Please read the instructions for SAHAJ before filling the form.

Individuals and HUFs not having income from Business or Profession
ITR 2
Read instructions for ITR 2

For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR 3
Read instructions for ITR 3

Sugam - Presumptive Business Income tax Return
SUGAM (ITR-4S)
Please read the instructions for SUGAM before filling the form.

For individuals and HUFs having income from a proprietary business or profession
ITR 4
Read instructions for ITR 4

For firms, AOPs and BOIs
ITR 5
Read instructions for ITR 5

For Companies other than companies claiming exemption under section 11
ITR 6
Read instructions for ITR 6

For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)
ITR 7
Read instructions for ITR 7

Acknowledgement for e-Return and non e-Return
Acknowledgement

Further instructions and forms for previous years can be found here.

E-FILING OF INCOME TAX RETURNS
The E-Filing facility was introduced by the Income Tax Department for the first time during assessment year 2006-07. At present, it is mandatory for companies and firms requiring statutory audit under Section 44AB to e-file their Income Tax Returns. Also, the e-filing benefit has been extended to all assesses.

For registration in e-filling portal please click here

The registered users can avail online services such as: submit Returns/Forms, view Form 26AS (Tax Credit), Outstanding Tax Demand, ITR-V Receipt Status, CPC Refund Status, Rectification Status, Jurisdiction of Accessment Officers, etc.

TAX DEDUCTION AT SOURCE (TDS)
Tax Deduction at Source (TDS) is one of the modes of collection of taxes, by which a certain percentage of amounts are deducted from a person at the time of making/crediting certain specific nature of payment to the other person and the deducted amount is remitted to the Government account. It is similar to "pay as you earn" scheme also known as Withholding Tax in many other countries.

Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax. However, in case of payments made under sec. 194A, 194C, 194H, 194I and 194J in respect of individual and HUF, only if the turnover or professional receipt exceeds sum of Rs.40 lakh or Rs.10 lakh respectively (the limits are Rs.60 Lakh or Rs.15 Lakh respectively w.e.f. 01.07.2010) in previous year, he is required to deduct tax at source.

Learn the basics of TDS


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INSTRUCTIONS FOR FIRST LOG IN TO THE NEW MAIL BOX

Step 1:  Obtain your new password. The password has been sent through SMS to you. If you have not
received Please call any one of the following number.


Mail id doptcs.wave1support@tcs.com


Phone number-
011- 66076729;
011-66076730;
011-66076755,
011-66076756

Step 2: Visit https://webmail.indiapost.gov.in

Step 3:  Log in using your email ID and new password supplied to you.

Step 4: You will be prompted to change your default log-in password.  You have to compulsorily change the
password,
For the first time the user name should be entered as follows


Step3:  Your password must be at least 9 characters in length and have a combination of the
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• English lowercase characters (a through z).
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• Special Characters (for example! $, #, %). Extended ASCII, symbolic, or linguistic
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29th ALL INDIA CONFERENCE OF AIPAOEU

The 29th All India Conference of AIPAOEU is being held from 8th to 10th July in Hyderabad, A.P Circle.
Venue : Com.Sundarayya Vignana Kendram, Bhaglingampally, Hyderabad - 500 040.
Com.K.Ramachandram, General Secretary, Reception Committee welcomed all the Guests, Leaders to the dais.
The meeting presided over by Com.M.Z.Khan, President, AIPAOEU (CHQ).
Welcome Address : Com.T.Satyanarayana, Chairman, Reception Committee.

Inaugural Session : (at 11.00 am)

The Conference is inaugurated by Com.M.Krishnan, Secretary General, NFPE on 8th.

Com.Giriraj singh, President, NFPE, Com.R.N.Parashar, Asst. Secretary General, NFPE, Com.R.Seethalakshmi, General Secretary, AIPEU PM&MTS/Gr.D., Com.P.Pandurangarao, General Secretary, AIPEU GDS (NFPE), Com.P.Mohan, General, Secretary, AIPCCPCWF., Com.V.Nageswararao, General Secretary, CCGEW, A.P were present and addressed the session.








Vote of thanks : Com.B.B.S.Tilak, President, AIPAOEU, A.P Circle.

Open session : (at 5.30pm)

Chairperson : Com.B.B.S.tilak, President, AIPAOEU, A.P Circle
Chief guest : Com.S.Veeraiah, Vice President, CITU, Telangana.
Com.T.Narasimhan, AITUC, Com.M.Krishnan, Secretary General, NFPE, Com.Girirajsingh, President, NFPE, Com.R.N.Parashar, Asst. Secretary General, NFPE, Com.R.Seethalakshmi, General Secretary, AIPEU PM&MTS/Gr.D., Com.P.Suresh, General Secretary, AIRMSMMSEU MTS/Gr.D., Com.Pranab Bhattacharya, General Secretary, AIPAOEU., Com.T.Satynarayana, General Secretary, AIPAEA,  P.Pandurangarao, General Secretary, AIPEU GDS (NFPE), Com.Sk.Humayun, former All India President, AIPEU PM&MTS/Gr.D., Com.T.Ramesh, former President, AIPAOEU, Com.M.N.Reddy, Veteran Leader, Com.V.Nageswararao, General Secretary, CCGEW, Com.D.A.S.V.Prasad, Circle Secretary, AIPEU Gr.C., Com.R.J.Madhusudanarao,Circle Secretary, Com.D.Narashimhamurthy, Circle Secretary, AIPAEA, Com.L.Kishan Singh, Circle Secretary, AIPSBCOEA, Com.N.Sammaiah, Circle Secretary, AIPEU GDS (NFPE)  many other leaders attended and graced the session.
Vote of Thanks : Com.K.Ramachandram, General Secretary, Reception Committee.

Tuesday, 8 July 2014

Raising Retirement Age in Sick CPSEs : Govt. Statement in Lok Sabha

Statement
 referred to in reply to Lok Sabha Unstarred Question No. 65 for answer on 7.7.2014 regarding Raising Retirement Age in Sick CPSEs 
(a) and (b) : There is no proposal under consideration to enhance the age of superannuation from 58 years to 60 years for employees of sick and loss making Central Public Sector Enterprises (CPSEs) including Fertilizers and Chemicals Travancore Limited (FACT). 

(c) : The Trade Union and Officers Association of FACT Limited have been demanding enhancement of retirement age from 58 to 60 years in various meetings with the Management. Petitions from employees of FACT Limited seeking enhancement of retirement age 60 years have been received. However, FACT Limited does not meet the criteria laid down by the Government for enhancement of retirement age from 58 years to 60 years. 

(d) and (e) : The Board for Reconstruction of Public Sector Enterprises (BRPSE) has been directed to undertake in depth examination of the impact of increase in retirement age on the implementation of revival package of the concerned CPSE and ensure that the issue of the enhancement of age of superannuation from 58 to 60 years is adequately addressed while examining/recommending proposals for revival of sick/loss making CPSEs so that the revival package has specific recommendation in this regard. The recommendation(s) of BRPSE, if any, for enhancement of age of superannuation from 58 to 60 years are to be conveyed to the concerned Ministry/Department for obtaining the approval of competent authority. BRPSE has received complete proposals for enhancement of age from 58 to 60 years in respect of 3 sick CPSEs namely

(i) National Textile Corporation Limited (NTC), 
(ii) National Project Construction Corporation Limited (NPCC), and 
(iii) Brahamputra Valley Fertilizers Corporation Limited (BVFCL) from their concerned administrative Ministries/Department. BRPSE has considered these proposals and recommended enhancement of retirement age in NTC and NPCC and has not recommended enhancement of retirement age in the case of BVFCL. 

Details of Lok Sabha Question:-

GOVERNMENT OF INDIA
MINISTRY OF HEAVY INDUSTRIES AND PUBLIC ENTERPRISES
LOK SABHA
UNSTARRED QUESTION NO 65
ANSWERED ON 07.07.2014
RAISING RETIREMENT AGE IN SICK CPSES
65 . Shri FAIZAL P.P. MOHAMMED
Will the Minister of HEAVY INDUSTRIES AND PUBLIC ENTERPRISES be pleased to state:-

(a) whether the Government proposes or has any proposal to enhance the present retirement age of the employees of sick and loss making units of Central Public Sector Enterprises (CPSEs) including Fertilizers and Chemicals Travancore Ltd. in Kerala; 

(b) if so, the details thereof and the reasons therefor;

(c) whether the Government has received any representations in this regard and if so, the details thereof;

(d) whether the Government has conducted any study to examine the impact of increase in retirement age on the implementation of revival package of the concerned CPSEs; and

(e) if so, the details and the outcome thereof?
ANSWER
THE MINISTER OF STATE FOR HEAVY INDUSTRIES AND PUBLIC ENTERPRISES 
(SHRI P. RADHAKRISHNAN)

(a) to (e) : A statement is laid on the Table of House.  *** As above ***
Source: Lok Sabha Q&A


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KARIMNAGAR, TELANGANA, India
Working as a Postal Assistant from March 28, 2011 to May 22, 2014 in Accounts Branch from May 23, 2014 as an Accountant, DO, Karimnagar Divn, Elected as Divisional treasurer for NFPE Union from February 03, 2013.