Sunday, 13 September 2015

Sunday, 13 September 2015


sale of Non Judicial Stamp Papers through Post Offices of Telangana State - Instructions

It was reported by C&IG, Registration & Stamps that, the e-payment receipt is being pasted on the left side of the Non Judicial Stamp paper which is causing inconvenience to the public and left with very minimum blank space for writing the document.

In this connection, CO,Hyderabad has issued instructions to direct  all the Post Offices to  paste receipt generated on the top right corner (below the emblem) and date stamp may please be impressed so that it cover both epayment receipt and the NJ stamp paper.

Salaries of central govt staff to exceed Rs 1 lakh crores - Seventh Pay Commission Recommendations will likely be implemented in 2015-16 fiscal

Ahead of the assembly elections of West Bengal, Assam, Kerala and Tamil Nadu in May’ 2016, the Central government will implement the recommendations of the Seventh Pay Commission after receiving the report of the pay panel within this year, which will benefit 50 lakh central government employees and 56 lakh pensioners including dependents.
Central government’s salary expenditure will exceed Rs 1 lakh crore in the current fiscal and is projected to increase further with the recommendations of 7th Pay Commission, posing risk to public finances, Finance Ministry said today.
According to the Medium-Term Expenditure Framework Statement tabled in Parliament, the salary outgo of central government employees will go up by 9.56 per cent to Rs 1,00,619 crore in current fiscal.
The pace will increase further in 2016-17 at 15.79 per cent to Rs 1.16 lakh crore with the likely implementation of the 7th Pay Commission award, said the statement tabled by Finance Minister Arun Jaitley in Parliament.
The outgo towards salary will further rise in 2017-18 to over Rs 1.28 lakh crore. “The award of VII Central Pay Commission (CPC) and its impact on government finances poses a risk,” said the statement.
It also raised concerns about the rising pension bill of government employees saying it will rise to Rs 88,521 crore in current fiscal. It has been pegged at over Rs 1.02 lakh crore in 2016-17, and over Rs 1.12 lakh crore in 2017-18. “Like in salaries, higher than normative growth, has been provided for the projection of outlay on pensions during 2016-17. For the second year of the projection (2017-18), a normative growth has been assumed. Award of VII CPC and its impact on Government finances poses a risk,” it added.
The recommendations of the 7th Pay Commission, which was set up by in February 2014, is likely to be implemented from January 1, next year.
Source : Hindu Business line

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