Sunday, 17 February 2013
Appointment of Ms. Archana Verma, IAS(AM: 1995) as Direct r in Department of Personnel and Training
(TO BE PUBLISHED IN PART I SECTION 2 OF THE GAZETTE OF INDIA)
Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel and Training)
*****
North Block, New Delhi, dated the 7th February, 2013
NOTIFICATION
No.A.32013/2/2013-Ad.I(Pt.I) Consequent upon her selection for appointment as
Director under the Central Staffing Scheme vide EO Division's Order No. 6/10/2012-E0(MM.I)
dated 9th anuary, 2013, the President is pleased to appoint Ms. Archana Verma, IAS(AM: 1995)
as Direct r in Department of Personnel and Training in the pay band PB-4 of Rs.37400-67000/-
+ Grade ay of Rs.8700/- with effect from forenoon of 7 th February, 2013 for a period of five
years or ntil further orders, whichever is earliet:.
(Priya Mahadevan)
Under Secretary to the Government of India
The Manager,
Govt. of India Press,
Faridabad (Haryana)
Pin - 121001
No.A.32013/2/2013-Ad.I(PU) North Block, New Delhi dated 7th January, 2013
Copy to:
1. Cash Section, Department of Personnel & Training
2. Pay Accounts Office, Ministry of Personnel, P.G. & Pensions, Lok Nayak Bhavan, New
De
3. Ms. Archana Verma, IAS(AM: 1995), Director, DoP&T, North Block, New Delhi. She is
requested to get registered herself in BACS.
4. The Chief Secretary to the Government of Assam, Dispur
5. The Chief Secretary to the Government of Meghalaya, Shillong
6. Dr. Amarpreet Duggal, DS(MM) w.r.t. O.M. No. 6/10/2012-EO(MM-I) dated 09.01.2013
7. PS to MOS(PP)
8. Sr. PPS to Secretary (P)/Sr. PPS to EO&AS/PS to JS (AT&A)/PS to JS(E)/PS to JS(Trg)/PS
to JS(Vig.)/PS to JS(Vig.II)
9. Ad.II/Ad.III/Ad.IV/S.O.(Vigilance)/Parliament Section/ Library, MHA / SSO/ EO(CM).
10. AD(OL),with the request to provide Hindi version of the same.
jr1 --NIC for uploading the notification on Department's Web-site.
12. Guard File.
Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel and Training)
*****
North Block, New Delhi, dated the 7th February, 2013
NOTIFICATION
No.A.32013/2/2013-Ad.I(Pt.I) Consequent upon her selection for appointment as
Director under the Central Staffing Scheme vide EO Division's Order No. 6/10/2012-E0(MM.I)
dated 9th anuary, 2013, the President is pleased to appoint Ms. Archana Verma, IAS(AM: 1995)
as Direct r in Department of Personnel and Training in the pay band PB-4 of Rs.37400-67000/-
+ Grade ay of Rs.8700/- with effect from forenoon of 7 th February, 2013 for a period of five
years or ntil further orders, whichever is earliet:.
(Priya Mahadevan)
Under Secretary to the Government of India
The Manager,
Govt. of India Press,
Faridabad (Haryana)
Pin - 121001
No.A.32013/2/2013-Ad.I(PU) North Block, New Delhi dated 7th January, 2013
Copy to:
1. Cash Section, Department of Personnel & Training
2. Pay Accounts Office, Ministry of Personnel, P.G. & Pensions, Lok Nayak Bhavan, New
De
3. Ms. Archana Verma, IAS(AM: 1995), Director, DoP&T, North Block, New Delhi. She is
requested to get registered herself in BACS.
4. The Chief Secretary to the Government of Assam, Dispur
5. The Chief Secretary to the Government of Meghalaya, Shillong
6. Dr. Amarpreet Duggal, DS(MM) w.r.t. O.M. No. 6/10/2012-EO(MM-I) dated 09.01.2013
7. PS to MOS(PP)
8. Sr. PPS to Secretary (P)/Sr. PPS to EO&AS/PS to JS (AT&A)/PS to JS(E)/PS to JS(Trg)/PS
to JS(Vig.)/PS to JS(Vig.II)
9. Ad.II/Ad.III/Ad.IV/S.O.(Vigilance)/Parliament Section/ Library, MHA / SSO/ EO(CM).
10. AD(OL),with the request to provide Hindi version of the same.
jr1 --NIC for uploading the notification on Department's Web-site.
12. Guard File.
Job Highlights (02 February - 08 February 2013)
Job Highlights
 (02 February - 08 February 2013) |
|
Budget 2013: Tax concessions for life insurance sector likely
NEW DELHI: Life insurance policyholders can look forward to more tax concessions as Finance Ministry is considering a proposal to do away with service tax on first premium and create separate exemption limit for pension schemes in the upcoming Budget.
Besides, the tax authorities are examining whether service tax may be assessed on realisation basis as against the current practice of levying duty on the premium on accrual basis.
Presently, service tax is paid on dues or receipt of amount, whichever is earlier. However, some of amounts due are never received; similarly amounts received in advance with proposal are not converted into policy.
Industry has demanded that service tax liability should be on the basis of receipt of amount and subsequent conversion as premium.
Sources said the Income Tax Department is considering creating a separate exemption limit for some insurance pension products over and above the existing limit.
Currently under the Income Tax Act, Rs 1,00,000 income tax deduction is allowed on the premium paid along with other approved investments.
Industry is expecting that Finance Minister P Chidambaram may make an announcement in this regard which will benefit the consumers as well as the life insurance industry.
The slew of incentives being considered by the government for boosting life insurance industry include higher incentives for agents selling policies, sources added.
TDS threshold on agents commission should be to raised to Rs 50,000 from the existing Rs 20,000 since most of life insurance agents are now in a low-income bracket, Max Life Insurance Managing Director Rajesh Sud said.
The Central Board of Direct Taxes is also considering whether the total sum paid for post-retirement medical scheme could be made eligible of income tax deductions.
Finance Minister has been pitching for the need to push savings in financial instruments rather than in 'unproductive' assets like gold. The spurt in gold imports has aggravated the current account deficit.
Concerned over subdued growth in the insurance sector, Chidambaram had asked the insurance companies to refrain from mis-selling and devise simple products for people to boost growth in the sector.
"In my view, the reason why insurance is stumbling in India is because of mis-selling of products and complex products. If you want to sell insurance to India, you must sell simple products and must make it absolutely clear to agents and other officers that they should not mis-sell," Chidambaram had said.
Besides, the tax authorities are examining whether service tax may be assessed on realisation basis as against the current practice of levying duty on the premium on accrual basis.
Presently, service tax is paid on dues or receipt of amount, whichever is earlier. However, some of amounts due are never received; similarly amounts received in advance with proposal are not converted into policy.
Industry has demanded that service tax liability should be on the basis of receipt of amount and subsequent conversion as premium.
Sources said the Income Tax Department is considering creating a separate exemption limit for some insurance pension products over and above the existing limit.
Currently under the Income Tax Act, Rs 1,00,000 income tax deduction is allowed on the premium paid along with other approved investments.
Industry is expecting that Finance Minister P Chidambaram may make an announcement in this regard which will benefit the consumers as well as the life insurance industry.
The slew of incentives being considered by the government for boosting life insurance industry include higher incentives for agents selling policies, sources added.
TDS threshold on agents commission should be to raised to Rs 50,000 from the existing Rs 20,000 since most of life insurance agents are now in a low-income bracket, Max Life Insurance Managing Director Rajesh Sud said.
The Central Board of Direct Taxes is also considering whether the total sum paid for post-retirement medical scheme could be made eligible of income tax deductions.
Finance Minister has been pitching for the need to push savings in financial instruments rather than in 'unproductive' assets like gold. The spurt in gold imports has aggravated the current account deficit.
Concerned over subdued growth in the insurance sector, Chidambaram had asked the insurance companies to refrain from mis-selling and devise simple products for people to boost growth in the sector.
"In my view, the reason why insurance is stumbling in India is because of mis-selling of products and complex products. If you want to sell insurance to India, you must sell simple products and must make it absolutely clear to agents and other officers that they should not mis-sell," Chidambaram had said.
Source : The Economic Times, 17 Feb, 2013
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