Saturday 12 December 2015

CHANGES MADE BY INFOSYS IN DOP MCCAMISH W.E.F 08.12.2015

Modification In McCamish W.E.F 08.12.2015

Infosys has furnished details of functionalities/ fixes deployed in production yesterday (08.12.2015) EOD through email is enclosed below.
It is requested that newly created approver queues should be assigned to the officers concerned only.

Below mentioned Major changes (new functionalities/changes in existing Functionalities) has been moved to production in 08th Dec Deployment.

  1. Change in Sum assured limits for PLI and RPLI
  2. Revised Approver Limits for financial transactions due to change in Sum assured limits of PLI & RPLI
  3. Customer Portal Day End Collection Report ( New Format )
  4. Changes in Meghdoot Upload/ Bulk Upload for Service Tax Changes
  5. Proposal Transfer Functionality
  6. Excess Refund Functionality
  7. Revised Loan Quote ( Loan Ledger )
  8. Extension of Withdrawal request for Revival and Surrender till Collection Stage, Disbursement Stage respectively

Expected Activities at User’s end :-

  • Access for New Approver queues – Approver 3, Approver 4, Approver 5
  • Usage of Meghdoot Upload/Bulk Upload for Service Tax changes

SETTLEMENT OF CLAIMS IN MCCAMISH - LIMITS AND QUEUES

Click Below link to download/ view the individual limits at HO/DO/RO/CO level regarding settlement of PLI/RPLI claims.

REVISED PLI / RPLI SERVICE TAX CALCULATOR

Exclusive Service Tax Calculator and Mc-Camish RPLI /PLI tally sheet and schedules.

Download Revised PLI / RPLI Service Tax

Developer : S. THIYAGARAJAN, SPM

Central Employees submit charter of demand to Cabinet Secretary

Financial Impact on Employees Under National Pension Scheme (NPS)

The National Pension System (NPS) has been designed giving utmost importance to the welfare of the subscribers under NPS. There are a number of benefits available to the employees under NPS. Some of the benefits are enlisted below: 


• NPS is a well designed pension system managed through an unbundled architecture involving intermediaries appointed by the Pension Fund Regulatory and Development Authority (PFRDA) viz, pension funds, custodian, central record keeping and accounting agency, National Pension System Trust, trustee bank, points of presence and annuity service providers. It is prudently regulated by PFRDA which is a statutory regulatory body established to promote old age income security and to protect the interests of subscribers of NPS. 

• Dual benefit of low cost and power of compounding – The pension wealth which accumulates over a period of time till retirement grows with a compounding effect. The all-in-costs of the institutional architecture of NPS are among the lowest in the world. 

• Tax Benefits – The tax benefits are available to the NPS subscribers under the provisions of the Income-tax Act, 1961. These were further increased in the Finance Bill, 2015. 

• Transparency and Portability is ensured through online access on the pension account by the NPS subscribers, across all geographical locations and portability of employments. 

• Partial withdrawal – subscribers can withdraw upto 25% of their own contributions before attaining superannuation age, subject to certain conditions. 

Some representations have been received from certain quarters against the implementation of the NPS. The main demand in these representations is that NPS may be scrapped and the Government may revert to old defined benefit system. But the Government does not propose to reimplement the old pension scheme by doing away with NPS. 

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.


Source : PIB Release, 11.12.2015

Fully Automated Single Click Finacle SSA Lot ( Updated on 11/12/2015)

Fully Automated Single Click Finacle SSA Lot is enclosed h/w as excel sheet.( New Options: automated amount in words and statistical information) 
Go through the Help file before use. 
  • After Copy the Finacle SSA Data From Finacle go to the Help page in the excel sheet and press the button "PREPARE SSA LOT" To Prepare the LOT.
  • Checked with current date data

Developed and Shared by S. Thiyagarajan, SPM, KILAIYUR S.O

DPC : JTS Gr. A for the year 2016-17

Directorate has called for the ACRs of following 156 PS Gr. B officers for the period from 2009-10 to 2014-15 for convening DPC for promotion to the cadre of JTS Gr. A for the vacancy year 2016-17. All circles are allotted target date to complete the ACRs and its formalities and handover at Directorate in person. 




Finalization of Calendar of Departmental Examinations scheduled to be held in the year 2015-16

Surrender of old broad band connections

Discontinuance of NSC (IXth Issue) w.e.f. 20-12-2015

7th CPC recommendations are far beneficial is beyond doubt – Bharat Kumar


7th CPC recommendations are far beneficial is beyond doubt – BHARATH KUMAR

The author of the article Shri. M.Dorai mentions about 32% increase granted as fitment benefit on pay and grade pay excluding D.A. since the VI CPC had granted 40% fitment benefit on basic only excluding D.A.

It appears some readers do not understand what 225% stands for. 225% is the actual pay plus grade pay and D.A. as on 1/1/2016 which we actually will be drawing under 6th CPC pay pattern. Out of 225%, 100% denotes Basic+ Grade Pay, the additional 125% stands for D.A. as on 1/1/2016(present D.A. as on 1/7/2015 is 119% + 6% as on 1/1/2016=125%), totalling to 225%. +32 (32% fitment on pay+Grade pay) = 257(2.57 factor).

The readers of the article are wrongly multiplying 32% on 225%(2.25 factor) which include 125% D.A instead of multiplying 32% on Pay in the pay band and grade pay i.e. 100 x 32 = 32% which should be added to 100% Pay and Grade Pay and 125% D.A totalling to 257 i.e.100% existing basic pay comprising pay and grade pay + 32% fitment benefit on pay and grade pay + 125% DA totalling to 257(2.57 factor).

The author is perfectly justify in his observation. It was not necessary for the VII CPC to shock the government servants stating that they have given 15% increase by taking D.A. into consideration which they should not have taken while projecting the increase, since VI CPC had taken 40% on basic only and shown it separately as Grade Pay.

The following comparison give correct picture:

1. VI CPC: 40% increase on maximum of V CPC basic pay scale without D.A. and 21.5% increase including D.A(40/1.86 factor = 21.5%)

2. VII CPC: 32% increase of basic pay comprising Pay and Grade Pay without D.A and 14.22% increase including D.A(32/2.25 =14.22%)

Although there is a slight shortage in the fitment benfit granted by VII CPC compared to VI CPC, but the overall benefits under VII CPC is much more than VI CPC when compared to allowances as can be seen here below:

1. D.A amount will be more by 2.57 times from the existing level since the revised salary is increased by 2.57 times (125% D.A and 32% fitment benefit) which may give huge increase every 6 months compared to D.A. increase in 6th CPC Pay+ Grade Pay. For example a person whose basic pay(Pay + Grade Pay) is 29610 he will be getting only Rs.1777 as D.A. at 6%. But in his revised pay of Rs.77700 as per pay matrix at 2.57 factor (29610 x 2.57 =76098( next nearest amount in the pay matrix Rs.77700) his D.A. will be Rs.4662 at 6%.

2. HRA amount is increased by more than 100% of the existing HRA amount as illustrated by the author. For example an employee with a basic pay of Rs.29610 gets only Rs.8883 @ 30% under VI CPC. But under VII CPC he will be getting Rs.18648 @ 24% for the equivalent pay of Rs.77700 under VII CPC leading to an excess of Rs.9765 from the present HRA.

3. Transport .Allowance although retained at the existing level of 2.25 factor but D.A. on T.A gets increased by 2.25 times from the existing level. For example 6% D.A. on Rs.3200 comes to only Rs.192 whereas 6% D.A. on the revised transport allowance of Rs.7200 comes to Rs.432


Therefore the author’s conclusion that 7th CPC recommendations are far beneficial is beyond doubt.

bharath via 7thpaycommissionnews.in