Archive for the ‘Uncategorized’ Category

Diwali Wishes from

October 25, 2011 Leave a comment

  Diwali, The most important festival of lights celebrated mainly by the people of India. Mainly Hindu people celebrate Diwali Which is called as தீபாவளி in tamil. On this auspicious day, People of each and every home lit small oil fired lamps made out of clay which is called as  ‘தீபம்’ in tamil. This signifies the  triumph of good over evil. During Diwali people wear new cloths, make a lot of sweets and snacks, share with friends and relatives, Children enjoy the day by bursting the crakers 

“இனிய தீபாவளி நல் வாழ்த்துக்கள். “
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Road Accidents Survey

October 21, 2011 Leave a comment

 The Government has undertaken Road Safety Audit of selected stretches of National Highways/Expressways with a view to strengthen road safety on highways,  The specific aim of Road Safety Audit is that safety should be a prime post-construction operative feature.     The analysis of road accident data received from States/UTs reveals that drivers’ fault is the single most important factor responsible for accidents, fatalities and injuries (78.5%).  Some of the other factors responsible for road accidents are as under:-
Fault of pedestrian
Fault of cyclist
Defect in road conditions
Defect in condition of motor vehicle
Weather condition
All other causes
      The Union Ministry of Road Transport & Highways collects data on road accidents from all States/UTs in a format developed as per the Asia Pacific Road Accident Database (APRAD) project of United Nations Economic and Social Commission for Asia Pacific (UNESCAP).  These data are analyzed and an annual publication titled “Road Accidents in India” is released every year by the Transport Research Wing of Ministry of Road Transport and Highways.  The latest issue of the publication for the year 2009 was released in April 2011.  The report contains data on road accidents and related parameters, including factors causing road accidents, for all States/UTs.
The data used in the publication are based on returns received from the Police Departments of respective State/UT Governments.
National Highways Authority of India (NHAI) follows Indian Road Congress(IRC) specifications in the design of highways. Traffic study is carried out by the consultant at the time of preparation of feasibility report /DPR.  The consultant proposes a variety of measures like improvement of junctions, provision of underpass/over bridges, pedestrian crossings etc. from the safety perspective. Also, region specific requirements are provided in  IRCcodes.  The geometric design of highways factors in variations in terrain, material, traffic, etc.  Functions of  IRCinclude preparation of Standards, Codes of practice and guidelines for the planning, design, construction, operation & maintenance of roads and bridges in the country. IRC is not involved in actual designing of specific roads.
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Fixation of pay under restructuring of cadre of Artisan staff in Defence Establishment as per modification of recommendations of 6 CPC

September 8, 2011 Leave a comment

Important Circular

Office of the Principal Controller of Accounts (Fys)
10-A, SK Bose Road, Kolkata: 700001
No. Pay/Tech-II/04/2011/15


1) All Controllers of Finance and Accounts ( Fys)
2) All Br. A.Os

Sub:- Fixation of pay under restructuring of cadre of Artisan staff in Defence Establishment as per modification of recommendations of 6 CPC
        After restructuring of cadre of Artisan staff vide MoD letters No. 11(5)/2009-D(Civ-I) dated 14-06-2010 and 01-12-2010 references have been received from various Branch Accounts Offices regarding fixation of pay. Following clarification may be noted for compliance:

Issues   Clarifications
 A: How pay will be fixed 

(i) In respect of skilled workers
 under RPR’08 w.e.f. 01/01/2006
due to restructuring. 

(ii) On promotion from Skilled to
Highly Skilled after 01/01/2006

 (i) Pay of Skilled workers is to be
fixed in PB-I as per the fitment table
for the scale of Rs.3050 – 4590
 and Grade Pay of Rs.1900/- is to
 be allowed. 

(ii) Promotional benefit in the form
of increment @ 3% shall be given
 on Band Pay and Grade Pay of Rs.1900/
– on promotion to the grade of
Highly Skilled-II after 01/01/2006, in
addition HS-II Grade Pay of Rs.2400/- is
 to be allowed.

 B : How pay will be fixed
 in respect of the individuals
who have become HS-II
w.e.f. 01/0112006 due to

 Pay, which they were drawing
as Highly Skilled would be the
pay of HS-II and that pay
would have to be revised
under RPR 2008 in PB-I
as per the fitment table
for Rs.4000-6000.
In addition they
will be allowed
 Grade Pay of Rs.2400/-
w.e.f. 01/01/2006. 

This placement would not
 count for the purpose of
ACP/MACP as per MoD
order dated 20.06.2011.

 C : How pay will be fixed in
 respect of the individuals who
 have become HS-I w.e.f. 01/01/2006
due to restructuring.
 Before 01/01/2006 HS-I and HS-II
 were merged into one single grade
 i.e. H.S.(Pay Scale: 4000- 6000)
As per MoD order No.11 (5)/2009-D
 (Civ -I) dated 14/06/2010 HS worker
 have been divided into HS-II
(Grade Pay of Rs.2400/-) and HS-I
 (Grade Pay of Rs.2800/-) w.e.f.
 01/01/2006. Movement from HS-II
 (4000-6000) to HS-I (4500- 7000)
is a promotion. 

Since SRO 11E dated 28/08/2009 has
 split up HS workers into HS-II
(4000-6000) and HS-I (4500- 7000)
 w.e.f. 01.01.2006 and the movement
from HS to HS-I has been treated as
 promotion as per MoD No. dated 14.06.2010.
 it is viewed that promotional benefit under
 pre-revised scale of pay i.e. from 4000-6000
 to the notional scale of 4500-7000 is not
to be allowed. 

The pay will be fixed under RPR’08 as per
 fitment table corresponding to pre revised
scale of 4000- 6000/- and thereafter,
 promotional benefit in the form of increment @ 3%
 shall be given on pay in the Band pay and Grade
 Pay of Rs.2400/- on promotion to the grade
 of Highly Skilled-I on or after 01/01/2006.
 The Grade Pay of HS-I i.e. Rs.2800/- is to be given.

 D : How pay of H.S already holding
the post of MCM prior to 01.01.2006
 will be fixed on 01 .01 .2006 due to
 Their pay would be fixed as per
Note 2A below Rule 7 of CCS RP
 Rule,2008 i.e. by multiplying the
 existing basic pay as on 01.01.2006
by a factor of 1.86 and rounding off to
the next multiple of Rs. 10/-.
 If the minimum of the Pay Band-2
 is more than the amount arrived
at as per above, the pay shall be
fixed at the minimum of the PB-2.
The Grade Pay corresponding
 to the post of MCM i.e. 4200/-
in PB-2 will also be allowed.
 E : Whether Bunching increment
benefit as per Min. Defence notification
 dated 09/09/2008, has to be
given to the employees who were
 drawing pay between Rs.4500/-
 to Rs.5000/- as on 01/01/2006
since they will be fixed at the minimum
 of the pay band of RS.9300/- 
 Benefit of bunching increment
 may be considered as per provisions
 laid down below Rule 7 (A) (ii)
notification of CCS (RP) Rules 2008.
 F: Whether on IE who was
placed to MCM before 1-1-2006
 and promoted to MCM on 1-1-2006
 is eligible for 3rd MACP with
 grade pay of Rs.4600 after 30 years
on the plea that he was granted only
 two up-gradations in his entire
 service i.e. skilled to H.S. and
 H.S. to MCM. 
 Yes. Such MCM is eligible for
3 MACP with GP 4600 after
30 years of service if found
otherwise eligible, as they got
two promotions prior to 01/01/2006 ie.
 Skilled to HS and HS to MCM.
But those IEs who were not placed to MCM
 before 1 -1-2006 are not eligible for
 3 MACP because such persons have got
 or shall get promotion from skilled to H.S. II,
from HS-II to H.S-I and H.S I to MCM.
 So, there is no scope for 3rd MACP up-gradation.

2. However, it is opined that in all aforesaid cases, the individuals may submit their options for fixation of pay as mentioned in MoD order dated 14/06/2010 and arrear may be calculated based on option of the individuals.

Jt. C. of A. (Fys)

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Instruction Manual for Investing

May 20, 2011 Leave a comment

Let’s open the manual:
Every gadget you buy in the market comes with an instruction manual or user’s manual. But your salary, savings…retirement don’t come with an instruction manual.  So we don’t know how to handle these and we end up mishandling. The result is poor investment choices and unhappy retirement. This article is an effort to draft an instruction manual for our investments.
Investment forms an integral part of our work life, with many wanting to save and invest to meet our long-term financial needs. We would all agree that just living from paycheque to paycheque would leave us in a bad financial state making us incapable of meeting our family’s financial commitments and our expenses after retirement.

Don’t Fly Blind; Have a Financial Plan


It is vital to chalk out a financial plan at the very beginning of our career. This plan would tell us how much we should save and invest. This plan also ensures that our long-term financial needs are met. It may prove difficult and sometimes costly in the long run if we chalk out a financial plan on our own. So it is better to engage a professional financial planner, who would be in the right position to advice us on the investments to meet our long-term objectives in life.

Generally investment advisors or financial planners ensure that we invest in the right type of investments that are relatively safe and tax efficient. They ensure that our investments do not divert away from the set financial goal. The advisors or planners who charge a fee, can be expected to act in the best interest of us; their clients. But we will not be in a position to trust those who live out of the commissions earned from selling insurance policies or mutual funds or stock broking.
However, it is best for you also to be cautious and not allowed to be fooled by flattery. Since it is your money you need to be cautious and vigilant.
Do control what you can:
The first thing that we can control is unnecessary expense on investment. It is in our interest to try to minimize or avoid investment expenses like entry load, exit load, fund management fees, commissions for buying and selling stocks, account maintenance fees,  allocation charges, administration charges, surrender charges, and other overheads. Small drops make a mighty ocean. Similarly these small amounts of cost cutting will definitely pay us in the long run.
The second control is over the diversification of your investment. You also need to ensure that at all times your investments are done over a wider variety of assets. This will ensure that you do not suffer large losses in one type of investment. The losses in one would then be offset by the gains in the other and you will be financially safe at all times.
The third control is the maintenance of our asset allocation to reach our financial goal. We need to keep a check over the asset allocation or ratio of equity to debt and to other things in your portfolio with the help of a professional financial planner. This will help us ensure that we are not taking more risk than what we want or can possibly handle. 
Do pay as little attention as possible to the financial media.
It is best not to be influenced too much by the media to buy and sell investments. Investing is not a competitive sport. Buying and selling stock frantically by being influenced by the media is counter productive to your financial objectives.
 It is best to understand that our conscious investment is for long-term wealth appreciation. So we should not be distracted by the investment shows that run 24 hrs a day, investment column they publish 365 days a year. Media doesn’t understand your requirements. So it is difficult to get a customized solution for your personal finance.
Don’t fall into “Invest and Ignore”
We have invested your precious savings, so do not be careless and sleep over it. Though our investment advisor would make sure that our investment grows, it is better that we too are vigilant and keep track of market conditions. It is our precious savings that we have invested. So if we lose it, we would be losing not only money but also our peace of mind.
Don’t fall into “HNI Trap”
Being a high net worth person exposes us to being influenced to invest in dubious projects that may bring down your financial status. This is true because the financial industry are on the look out for people that have a lot of money and are of a high status. They try to influence them to invest in dubious projects appealing to their status and vanity.  
Being a HNI doesn’t mean that you need a completely different set of investments. They try to pack something and will say “This is a HNI product”, just to massage your ego and get business. Many HNIs would be lot richer, if they could have bypassed their private banking department and just invested in an index and a very few diversified equity funds.
A final thought:
The instructions in the user’s manual need to be used to get the maximum benefit and long life of the gadget. Similarly, having read the set of instructions to make wise investment decisions, it is up to you to follow them strictly or leave it and go back to your routine life.
If you decide to follow these instructions, you will definitely see a lot of positive changes and financial prosperity in the long run. So today is going to be the first day for rest of your life.
The author is Ramalingam K, an MBA (Finance) and Certified Financial Planner. He is the Founder and Director of Holistic Investment Planners ( a firm that offers Financial Planning and Wealth Management. He can be reached at

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150 Rs Coin to released on Budget Day By Finance Minister

February 27, 2011 Leave a comment

   For the first time in the country’s minting history, government will issue coins of Rs 150, marking the number of years of taxation in India. 

  The special coins, to be released by Finance Minister Pranab Mukherjee before his Budget speech, will also be brought out in Rs 5 denomination on the occasion of completion of 150 years, from 1860 to 2010, of the Income Tax department. 

   This is the first time that coins of Rs 150 denomination are being minted by the government. The Department of Economic Affairs under the Finance Ministry recently notified the order. 

   The Rs 150 coin , made of an alloy of Silver, Copper, Nickel and Zinc, will have an international design with ‘Satyameva Jayate’ and ‘India’ on the front side while a portrait of ‘Chanakya and lotus with honeybee’ on the reverse side. 

   The Rs five coins will also be minted in the same fashion. While 200 coins will be minted in Rs 150 denomination, 100 such coins of Rs five will be issued. 

   “The Income Tax department celebrated 150 years of taxation in the country last year and the these coins, especially the one in Rs 150 denomination will be minted for the first time,” a senior I-T official said.

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Central Government Employees Group Insurance Scheme-1980 — Tables of Benefits for the savings fund for the period from 1.1.2011 to 31.12.2011

February 3, 2011 Leave a comment

Government of India
Ministry of Finance
Department of Expenditure
Implementation Cell

New Delhi, the 31th January, 2011


Subject: Central Government Employees Group Insurance Scheme-1980 — Tables of Benefits for the savings fund for the period from 1.1.2011 to 31.12.2011.

  1.   The undersigned is directed to refer to this Ministry’s O.M. No.7 (2)/EV/2009 dated 29th December, 2009 forwarding therewith Tables of Benefits under CGEGIS for the year 2010. New Tables of Benefits for the savings fund of the Scheme based on a subscription of Rs.10 per month from 1.1.1982 to 31.12.1989 and Rs.15 per month w.e.f. 1.1.1990 onwards have been prepared for the year 2011 and a copy of the table is enclosed. 

Another Table of Benefits for the savings fund based on a subscription of Rs.10 per month for those employees who had opted out of the revised rates of subscription w.e.f. 1.1.1990 have also been drawn up for the year 2011 and a copy of that table is also enclosed. 

The amounts in the Tables have been worked out on the basis of interest @ 10% per annum(compounded quarterly) for the period from 1.1.1982 to 3 1.12.1982, 11% per annum(compounded quarterly) w.e.f. 1.1.1983 to 31.12.1986, 12% per annum(compounded quarterly) w.e.f. 1.1.1987 to 31.12.2000, 11% per annum (compounded quarterly) w.e.f. 1.1.2001 to 31.12.2001, 9.5% per annum(compounded quarterly) w.e.f. 1.1.2002 to 31.12.2002, 9.0% per annum(compounded quarterly) w.e.f.1.1.2003 to 31.12.2003 and 8% per annum (compounded quarterly) w.e.f. 1.1.2004 onwards.The mortality rate under the Scheme has been taken as 3.75 per thousand per annum up to 31.12.1987 and 3.60 per thousand per annum thereafter in both the cases.

 While calculating the amount it has been assumed that the subscription has been recovered or will be recovered from the salary of the month in which a member ceases to be in service failing which it should be deducted from accumulated amounts payable.

     2. In its application to the employees of Indian Audit and Accounts Department this Office Memorandum issues in consultation with the Comptroller and Auditor General of India.


Click here to view the order


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Submission of Immovable Property Return for the year 2010 (as on 1.1.2011)

January 13, 2011 Leave a comment

No.26/1/2009-CS.I (PR)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training

2nd Floor, Lok Nayak Bhawan, Khan Market, New Dlehi Dated 6th January, 2011


SUBJECT:     Submission of Immovable Property Return for the year 2010 (as on 1.1.2011)

      The undersigned is directed to say that as Ministries/ Departments are aware the annual statement of Immovable Property Return (IPR) in respect of Under Secretary and above level officers of the Central Secretariat Service is required to be submitted to CS-I Division of this Department. The IPR for the year 2010 furnishing information as on 1.1.2011 has now become due and is to be submitted latest by 31.1.2011. 

2.       2. All the Ministries/ Departments are, therefore, requested to obtain and forward the IPR for the year 2010 from all the CSS officers of US and above level presently posted with them to this Department at the earliest (format enclosed). While furnishing the IPRs it may be ensured that usage of phrases such as “same as previous year” or “no change” are avoided and full particulars of the immovable property inherited/owned/ acquired or held are furnished in terms of Rule 18 of CCS(Conduct) Rules, 1964. 

3.       3. Reference is also invited to this Department’s reminders issued vide O.M.s dated 22.11.2010 and 31.12.2010 for submission of IPR for the year 2009 (as on 1.1.2010) in repect of defaulting officers whose details have been posted in the website of this Department — Central Services Wing — CS Division — Central Secretariat Services — Property Returns. Ministries/ Departments are also once again requested to obtain the IPR from such defaulting officers and forward the same to this Department.

( V. Srinivasaragavan ) 
Under Secretary to the Government of India

Read more about this issue… 

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