Guidelines from DOP&T regarding Reimbursement of Children Education Allowance

Guidelines from DOP&T to Central Government Departments as follows...



In order to implement the recommendation of Sixth Pay Commission for grant of Children Education Allowance. It is brought to the notice of all Employees that those who claim reimbursement of Children Education Allowance in respect of their Children should submit their claims in the following manner with effect from 1.9.2008.







1.To generate application / self- certification with original receipts. Then original fee receipts along with self - certification regarding Schools / Junior colleges affiliated to Board of Education or Universities should be submitted as quarterly basis.







2.Self – Certification may be signed by the individual duly indicating Name, Designation and duly countersigned by HOS/D.O., quarterly period for which is being claimed to be indicated. It is mentioned that the 1st quarter is from June to August and II quarter from September to November and so on.




June to August – 1st quarter




September to November – 2nd quarter




December to February – 3rd quarter




March – May – 4th quarter








3.Each employees should submit claims in respect of their children together. Instead of individual claims for each child.







4.Belated clams of reimbursement will not be entertained. All claims should reach concern finance section on or before every 15th of succeeding month of quarter (i.e.)




September 15th




December 15th,




March 15th,&




June 15th




Now for IInd quarter (September to November.), all claims should reach concern
finance section on or before 13.01.2009


Highlights of Scheme:

1.Children Education Allowance and Reimbursement of Tuition Fee which were hitherto payable separately will be merged and will henceforth be known as "Children Education Allowance Scheme".

2. It can be availed by Government Servants upto a maximum of 2 children.

3. Children from classes nursery to twelth.

4. Even if a child fails in a particular class, the reimbursement of C E A shall not be stopped.

5. Following items can be claimed under this scheme:

a.Tution Fee

b.Admission Fee,

c.Lab. Fee,

d.Special Fee for agriculture,

e.Electronics,

f.Music or any other subject,

g.Fee charged for practical work under the programme of work experience,

h.Fee paid for the use of any aid or appliance by the child,

i.Library Fee,

j.Games/Sports Fee,

k.Fee for extra-curricular activities. and

l. Purcahse of one set of text books and Note books,

m. Purchase of two sets of school uniforms,

n. Purchase of one set of school shoes

The annual ceiling fixed for reimbursement of C E A is Rs. 12,000. It can be claimed once every quarter Rs.3,000, and in another quarter less than Rs.3,000, subject to the annual ceiling of Rs. 12,000 per child being maintained.

The above limits would be automatically raised by 25% every time the D.A. on the revised pay structure goer up by 50%.

In order to ensure that Government servants have no difficulty in claiming reimbursement, the procedure under this sheme is being kept simple.

Recruitment of various posts in HPPSC and HAL

Himachal Pradesh Public Service Commission Nigam Vihar, Shimla - 171 002 (HP)

Post	Vacancy	Pay Scale	Last Date
HP Police Service	9	7880-13500	31-01-2009
Excise & Taxation Officer	5	7000-10980	31-01-2009

Please visit at http://himachal.nic.in/hppsc/PDF/HAS-2008.pdf

Hindustan Aeronautics Limited (HAL) 15/1 Cubbon Road, Bangalore - 560 001

Post	Vacancy	Pay Scale	Last Date
1.Asst. Eng.	99	Rs.6550-11,350	24-01-2009
2.Asst. Catering Officer	01	Rs.6550 -11,350	24-01-2009
3.Security Officer	01	Rs.8600 - 14,600	24-01-2009
4.Sr.Medical Officer	01	Rs.8600 - 14,600	24-01-2009
5.Dy.Medical Officer	03	Rs.8600 - 14,600	24-01-2009
6.Deputy Managers	01	Rs.10,750 - 16,750	24-01-2009

Please visit at http://www.hal-india.com/careers/kpt/officerAdvtforkpt.pdf

How to Apply : Applications should be submitted strictly 'ONLINE' by logging on to HAL Website

NEW YEAR GREETINGS

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WISH YOU MANY
MORE HAPPY NEW YEAR - 2009

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GOOGLE SMS CHANNEL:You can also create groups over SMS to communicate with your friends, family, and co-workers

Google SMS Channels is Google’s solution to SMS groups message broadcasting and subscription. This service enables you to get content from Google, Google partners, and all other websites and blogs with RSS support.

You can create your own channel and publish content that other users can subscribe to. You can also create groups over SMS to communicate with your friends, family, and co-workers, just like the SMS GupShup service.

This is a free service. You don’t pay anything to send or receive messages using Google SMS Channels website. When you post a message to your channel, all the members of your channel get the message forwarded for free. Any Indian mobile number will work with this service.
Google SMS Channel uses the normal number 9870807070, and not the premium short codes. So any SMS charge you incur is as low as you sending an SMS to your friend. There is no charge for receiving the updates.

SMS tariff charges may apply when you configure the service or publish to a channel using a mobile phone. Most of you don’t do this unless you want to start a new channel.

You can use the service on the website or via your mobile phone.

How it works?Create a group on Google SMS channel. Invite your friends to join this group by providing their mobile numbers. That’s it. You all can send SMS text messages to this group, which will reach to all registered phone numbers in your group. Isn’t it that simple?

Another interesting use of this service is to get daily jokes on your mobile. Just search all the existing public Google SMS channels for your favorite subject and subscribe to that channel or group. For example if you want to get latest cricket updates or score, just search the group names like “cricket updates” and subscribe to appropriate group. You will get all cricket score updates for free on your mobile through SMS text alerts.

If you subscribe to any jokes channel and if you don’t want spammed by messages during busy hours then you can set the SMS message frequency per day like only 4 text messages per day between 6 pm to 10 pm. You can unsubscribe from any channel at any time.

Publishers can use this service like RSS feed subscription. Publishers can send blog updates to their readers via SMS.

This SMS service is currently available for Indian phone numbers only. Soon may be available for other countries. Other than English some local Indian languages like Hindi, Tamil etc. are also supported to compose the SMS test messages.

How to start?
Head to Google SMS channel, register your phone number with Google and get your favorite channel content on your mobile all for free.

How it works?

Create a group on Google SMS channel.

Invite your friends to join this group by providing their mobile numbers. That’s it. You all can send SMS text messages to this group, which will reach to all registered phone numbers in your group. Isn’t it that simple?

Another interesting use of this service is to get daily jokes on your mobile. Just search all the existing public Google SMS channels for your favorite subject and subscribe to that channel or group. For example if you want to get latest cricket updates or score, just search the group names like “cricket updates” and subscribe to appropriate group. You will get all cricket score updates for free on your mobile through SMS text alerts.

If you subscribe to any jokes channel and if you don’t want spammed by messages during busy hours then you can set the SMS message frequency per day like only 4 text messages per day between 6 pm to 10 pm. You can unsubscribe from any channel at any time.

PENSIONERS WANT ALL FACILITIES OF SENIOR CITIZEN AT THE AGE OF SIXTY

PENSIONERS WANT ALL FACILITIES

The All India Central Government Pensioners Association (AICGPA) will conduct a meet on December 29 and 30 here to address various issues related to pensioners. The Association will seek inclusion of all those above the age of 60 as senior citizens.Mr. A. K. Palnitkar, president of Thane unit of the association today said the 61st annual meet of the pensioners will open with a Central Working Committee meet followed by an All India Conference.
The association, with 72 branches across the country, has total 47,000 members. The meet would discuss the issue of disparity in pension, which was not solved by the Sixth Pay Commission.
The other issues include an increase in pension from the age of 65, payment of pension in a single installment instead of the present two for those above 70 and the family of the deceased, immediate payment of medical allowance alongwith a hike from present Rs 100 to 500 and introduction of insurance based medical scheme.Giving thrust on their demand of classifying all those above the age of 60 as senior citizens, Mr Palnitkar said as per government norms the Income Tax benefit will be given only after 65.
However, the association demands it to be 60 years instead. "The Indian Railways considers people above 60 years of age as senior citizens. Other sectors provide the benefits only after 65 years. The association demands it to be 60," Mr Palnitkar said.

Source : UNI

Application for BSNL Broadband Offer

       
                                
 
                                   FOR GOVERNMENT EMPLOYEES SCHEME
                                                                                                                Date:


From



To

 
Dear Sir,

Sub: BSNL promotional offer availing reg.

I would like to avail the discount of 20% in Broadband Service Charges

applicable for the government employees. Please find the enclosed undertaking

countersigned by the Drawing and Disbursing Officer. My existing connection details are

given below.


Telephone Number :

Exchange :

Customer No :

                                                                                                       Yours Truely,

--------------------------------------------------------------------------------------------------

                           Undertaking by the Drawing and Disbursing Officer

Certified that Shri/Shrimati/Kum……………………………………………. of is a

Temporary/ Permanent employees of ………………………………………………from

…………………………………and is at present holding the post of ……………………

It is certified that organization is a central / State Government / Public Sector /

Undertaking / Statutory body. The Identity Card Number of Shri/Smt……………………

Is…………………………. This is issued for the purpose of availing the promotional

Offer for the government employees on BSNL broadband connection.



Ref. No. &

Date…………….                                                                    Name, Designation & address
 
 
 More details:- http://bsnl.co.in/tender1/files/proscheme_bs.pdf







(Note: A latest zerox copy of telephone bill and Identity Card should be attached 
with this application)

 

Benchmark for processing requests from employees

No.I-17011/11(4)/2008-H.III

Government of India

Ministry of Urban Development

(Housing -III section)

*****

Nirman Bhawan, New Delhi.

Dated:- the 27th Nov, 2008

OFFICE MEMORANDUM

Subject:    Benchmark for processing requests from employees .



       The undersigned is directed to inform that benchmarks for processing requests received in Admn. Division from employees of this Ministry have been fixed. A detailed list of items of work for which benchmarks have been fixed is enclosed herewith for information.

s/d

(Jitender Kumar)

Under Secretary (Admin.)

Sl.No.	Item	Section	Maximum days for processing of request
1	GPF Advance/withdrawal	Admn-II	5 days
2	TA Advance	Admn-II	5 days
3	TA Settlement Claim	Admn-II	5 days
4	LTC Advance	Admn-II	5 days
5	LTC Settlement Claim	Admn-II	5 days
6	Scooter/Computer/Motor Car Advance	Admn-II	5 days
7	Leave Encashment	Admn-I/IV	5 days
8	Reimbursement of Children Education Allowance	Admn-IV	5 days
9	Permission for medical treatment	Admn-III	3 days
10	Reimbursement of Medical Claim	Admn-II	5 days
11	Computer/Printer/Photocopier/Telephone complaints	Admn-III	2 days
12	Issue of parking lables	Admn-III	2 days
13	Issue of temporary pass	Admn-III	2 days
14	Issue of permanent pass	Admn-III	5 days

House Building Advance-enhancement in past cases-regarding

No.I-17011/11(4)/2008-H.III

Government of India

Ministry of Urban Development

(Housing -III section)

*****

Nirman Bhawan, New Delhi.

Dated:- the 27th Nov, 2008

OFFICE MEMORANDUM

Subject:     Interest bearing advances/Sixth Central Pay Commission recommendation on House Building Advance-enhancement in past cases-regarding.



       The undersigned is directed to say that the implementation of the recommendations of the Sixth Central Pay Commission relating to interest bearing advances, including House Building Advance, granted to Central Government employees is under consideration of the Government.



2.      Pending finalisation of the new arrangements, the matter has been examined in consultation with the Department of Expenditure and the following provisions for House Building Advance shall be in operation:



(i)       The maximum limit for grant of HBA shall be 34 months' of pay in the pay band subject to a maximum of Rs.7.50 lakh or cost of the house or the repaying capacity whichever is the least, for new construction/purchase of new house/flat.



(ii)       The maximum limit for grant of HBA for enlargement of existing house shall be 34 months' of pay in the pay band subject to a maximum of Rs. 1.80 lakh or cost of the enlargement or repaying capacity, whichever is the least.


(iii)       The cost ceiling limit shall be 134 times the pay in the pay band subject to a minimum of Rs.7.50 lakh and a maximum of Rs.30.00 lakh relaxable up to a maximum of 25% of the revised maximum cost ceiling of Rs.30.00 lakh.



4.       All Ministries/Departments of Government of India are requested to bring the contents of this O.M. to the notice of all concerned.



5.       These orders shall be effective from the date of their issue.

s/d

(V.K. Gupta)

Deputy Financial Adviser

"MERRY CHRISTMAS" to All.

CITU Congratulates Striking Insurance Employees

The Centre of Indian Trade Unions (CITU) heartily congratulates the 3 lakhs insurance employees and officers and their unions for the magnificent all India strike on 23rd December 2008 against UPA government's decision to increase FDI in the insurance sector.

The strike, observed immediately after the introduction of the bill in Rajya Sabha proposing increasing the FDI from 26% to 49%, registers the strong opposition to further opening up of the insurance sector to the foreign insurance companies, who stand exposed before the entire world for the worst kind of fraud perpetrated on the common people and their role in the global financial crisis.

The Indian economy was protected to some extent till now because our financial sector was not allowed to be liberalised to the extent the government wanted, because of the strong resistance of the trade union movement and the Left parties. It is a shame that the UPA government now wants to hand over greater control of our insurance sector to the foreign companies to facilitate import of the crisis into our system.
This clearly shows the UPA government's servile attitude towards the dictates of the World Bank and IMF to promote the interests of international finance capital at the expense of the interests of our own country.
While fully supporting the struggle of the insurance employees against the increase in FDI in insurance, the CITU reiterates the need to further intensify this struggle. It calls upon the entire trade union movement, and all the democratic and patriotic sections of the society to unite to resist and stall the moves of the government to mortgage our interests to those of the international finance.

LTC norms relaxed for Central Government employees to visit North Eastern region of India

Central Government has relaxed Leave Travel Concession (LTC) Rules

In a major decision to boost tourism in the scenic north eastern region, the Centre has relaxed Leave Travel Concession (LTC) Rules for its employees permitting them to travel by air.The new rules will apply to employees irrespective of their grade or post and the order will be in operation for two years, sources in the Ministry of Personnel today said.

Under the revised rules, Group A and B Central Government employees will be entitled to travel by air from their place of posting or nearest airport to a city in the north eastern region.

Employees belonging to other categories will be entitled to travel by air to a city in the north eastern region from Guwahati or Kolkata.All Central Government servants would be allowed conversion of one block of Home Town LTC into LTC for destinations in the north eastern region, the order said.

The Ministry said that data regarding the number of employees availing LTC to the north eastern region would be maintained.The decision will enable government servants in the junior grades to visit the northeastern region, which used to remain a distant dream for them because of high air travel costs and absence of official entitlement.

The north eastern region comprises Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura, and also Sikkim -- all having rich tourism potential.

>

LIC Employees strike call on Dec-23 against introduction of FDI hike bill in the Parliament

All India LIC Employees' Federations announced strike":


All India LIC Employees' Federations have given a day strike call on December 23 against introduction of FDI hike bill in the Parliament to raise the limit from 26 percent to 49 percent of share holding in Insurance Companies.

Allowing hike "FDI limit to 49 percent in Insurance Companies at the critical juncture will be like inviting" devil for a dinner or pushing vessel into the rough sea weather when Tsunami waves already have started roaring, P.Mahesh, General Secretary, South Central Zonal Council of All India LIC Employees Federation said in a release here on Monday.

FDI is being advocated with the primary objective of enlarging non debt creating foreign capital inflows. Further technology acquisition and market access appear to be secondary objective.

The most important need under today's conditions is to create substantially, reduce volatility and ensure smooth undisturbed growth. None of these is likely to be achieved by allowing higher cap in FDI.

FDI proposed by government has more characteristics of foreign portfolio investment and is therefore is likely to be more volatile and vulnerable, release said.

The global economic recession in developed countries and its reflection in Indian economy due to the neo liberal economic policies pursued by the successive Govts in India during the last one and half decade forced the Govt. to stimulate selected sectors of industry.
However it seems to have not learnt its lesion. In spite of the bankruptcy and closure of the so-called world financial institutions and Insurance giants, the Govt. of India is bent upon in its pursuit of further liberalizing the economy and privatizing the assiduously built public sector organizations like LIC.
The Govt. is introducing the bill to amend LIC Act (to increase equity from 5Crores to !00 Cr.) in Lok Sabha on Monday 22.12.2008. Another Bill to raise money from Market (disinvestment) is to be introduced in Raja Sabha on the same day to allow public Sector Insurance Companies to raise money from market. Unions in LIC and General Insurance Companies are preparing for a one day protest Strike on the next day i.e. 23rd December, 2008.
The State COCs and all affiliated organizations are therefore requested to organize solidarity protest a demonstration on that day. The COCs may chalk out and organize programmes on 23.12.2008 alongwith the Unions in the Banking sector, as we have been informed that BEFI has also conveyed similar decision to all its units..

PROFESSIONAL TAX for CG Employees

PROFESSIONAL TAX

Tax on Profession, trade, calling and employment.


1."Employee" means a person employed on salary and includes,

2.A Government servant receiving pay from the revenue of the Central Government or any State Government;

3.A person in the service of a body whether incorporated or not, which is owned or controlled by the Central Government or any State Government, where, such body operates within the municipal limit even though its headquarters may be outside the municipal limit; and

4.A person engaged in any employment by an employer not covered by sub-clauses (i) and (ii);

5."Employer" in relation to an employee earning any salary on a regular basis under his means, the person or the officer who is responsible for disbursement of such salary and includes the head of the office or any establishment as well as the Manager or Agent of the employer;


6."Half-year" shall be from the 1st day of April to the 30th day of September and from the 1st day of October to the 31st day of March of a year;

7."Month" means a calendar month;

8."Person" means any person who is engaged actively or otherwise in any profession, trade, calling or employment in the State of Tamil Nadu and includes a Hindu undivided family, firm, company, corporation or other corporate body, any society, club, body of persons or
association, so engaged, but does not include any person employed on a casual basis;

9."Tax" means the tax on profession, trade, calling and employment levied under this Chapter.


Levy of Profession tax :

1.There shall be levied by the Municipal Council a tax on profession, trade calling and employment.

2.Every company which transacts business and every person, who is engaged actively or otherwise in any profession, trade, calling or employment with in the Town Panchayat on the first day of the half-year for which return is filed, shall pay half-yearly tax at the rates specified in the Table below in such manner as may be prescribed:

Less than Rs.21,000	Nil
Between Rs.21,001 - 30,000	Rs.75
Between Rs.30,001 - 45,000	Rs.188
Between Rs.45,001 - 60,000	Rs.390
Between Rs.60,001 - 75,000	Rs.585
Beyond Rs.75,001	Rs.810

Profession Tax Collectable from the salary of August (Ist Quarter ) and January (IInd Quarter)

3.The rate of tax payable under sub-section (2) shall be published by the executive authority in such manner as may be prescribed.

4.Where a company or person proves that it or he has paid the sum due to account of the tax levied under this chapter or any tax of the nature of a profession tax imposed under the Cantonments Act, 1924 for the same half-year to any local authority or cantonment authority in the State of Tamil Nadu such company or person shall not be liable by reason merely of change of place of business, exercise of profession, trade, calling or employment or residence, to pay the tax to any other local authority or cantonment authority. (Central Act II of 1924).

5.The tax livable from a firm, association or Hindu undivided family may be levied on any adult member of the firm, association or family.

6.Where a person doing the same business in the same name in one or more places within the Town Panchayat, the income of such business in all places within the Town Panchayat shall be computed for the purpose of levy of tax and such person shall pay the tax in accordance with the provisions of this Chapter.

7.Where any company, corporate body, society, firm, body of persons or association, pays the tax under this chapter, any director, partner or member as the case may be, of such company, corporate body, society , firm, body of persons or association shall not be liable to pay tax under this Chapter for the income derived by such director partner or member form such company, corporate body, society, firm, body of persons or associations.

8.Every person who is liable to pay tax, other than a person earning a salary or wage shall furnish to the executive authority a return in such form, for such period and within such date and in such manner as may be prescribed .Provided that subject to the provisions of sub-sections (10) and (11), such person may make a self-assessment on the basis of average
half-yearly income of the previous financial year and the return filed by him shall be accepted without calling for the accounts and without any inspection.

9.Every such return shall accompany with the proof of payment of the full amount of tax due according to the return and a return without such proof of payment shall not be deemed to have been duly filed.

10.Notwithstanding anything contained in the proviso to sub-section (8), the executive authority may select the percent of the total number of such assessment in such manner as may be prescribed for the purpose of detailed scrutiny regarding the correctness of the return submitted by a person in this connection and in such cases final assessment order shall be passed in accordance with provisions of this Chapter.

11.If no return is submitted by any person under sub-section (8) within the prescribed period or if the return submitted by him appears to the executive authority to be incomplete or incorrect, the executive authority shall, after making such enquiry as be may consider necessary assess such person to the best of his judgement: Provided that before taking action under this sub-section,the person shall be given a reasonable opportunity of proving the correctness or completeness of any return submitted by him.

12.Every person who is liable to pay tax under this section, other than a person earning salary or wage:-

(a) shall be issued with a pass book containing such details relating to such payment of tax as may be prescribed and if the pass book is lost or accidentally destroyed the executive authority may, on an application made by the person accompanied by such fee as may be fixed by the municipal council, issue to such person a duplicate of the pass book.


(b) shall be allotted a permanent account number and such person shall -


(i) quote such number in all his returns to, or correspondence with the executive authority;


(ii) quote such number in all chalans for the payment of any sum due under this chapter.


13.The rate of tax specified under sub-section (2) shall be revised by the municipal council once in every five years and such revision of tax shall be increased not less than twenty-five percent and not more than thirty-five percent of the tax levied immediately before the date of revision.


Rules - The Tamil Nadu Town Panchayats, Municipalities and Municipal Corporations (Collection of Arrears of Tax on Profession, Trades, Calling and Employment's) Rules, 1998 - Issued.



RULES

1.(I) Short title, application and commencements:-

These rules may be called the Town Panchayats, Municipalities and Municipal Corporations (Collection of arrears of tax on profession, trade, calling and employment) Rules, - 1998.

i) These rules shall apply to all Town Panchayats, Municipalities and Municipal Corporations in the State.

ii) They shall be deemed to have come into force on the 1st October 1998.

2.(i) Filling of return for payment of arrears of tax on profession, trade, calling and employment:- Every trader or professional who is in arrears of profession tax shall file a return furnishing the details of amount due by him at the rate already determined by the Council under the provisions of the Tamil Nadu Tax on Professions, Trades Callings, and Employment's Act, 1992
(Tamil Nadu Act 24 of 1992) which was in force for the period from 1st April 1992 to 30th September 1998 in Form-1 to the Commissioner of a Municipality or a Corporation or to the Executive Officer of the Town Panchayats as the case may be on or before the 31st December 1998. The Commissioner or Executive Officer as the case may be, may extend, if necessary, the period for filing the return thirty days from 31st December 1998 and shall further extend the period to not later than 28.2.1999.

3. (1) Mode of Payment of Tax:-

(1) The return under rule-2 shall be accompanied a chalan, in support of payment of the arrears of profession tax due by a trader or a professional for the first two half-years commencing from 1.4.1992. Provided that such payment shall be made in the Office of respective local body during office hours on all working days

(2) A trader or professional shall pay the remaining arrears of profession tax due up to 30th September, 1998 during every current half-year along with the arrears for the periods not less than of two half-years. Provided that the entire arrears of tax due under the repealed Tamil Nadu Tax on Professions, Trades, Callings and Employment's Act, 1992 (Tamil Nadu Act 24 of 1992) shall be paid not latter than three years period commencing from 1st October 1998.

(3) The Commissioner, or the Executive Officer as the case may be shall accept the return and acknowledge the receipt of payment of arrears of tax amount paid by the trader or professional.

4. Interpretation of these rules by the Government :-

(1) If any question arises as interpretation of these rules, the question shall be referred to the Government, whose decision shall be final.

(2) If any difficulty arises in giving effect to the provisions of these rules, the Government may, by order, do anything which appears to be necessary, for the purpose of removing the difficulty.

PROFESSIONAL TAX

Maharashtra's Tax Slabs:

The professional tax slabs in India are applicable to those citizens of India who are either involved in any profession or trade. The state government of each state is empowered with the responsibility of structuring as well as formulating the respective professional tax criteria and they are also required to collect funds through professional tax. The professional taxes are charged on the incomes of individuals, profits of business or gains in vocations. The professional tax is charged as per the List II of the Indian Constitution. The professional taxes are classified under various tax slabs in India. Maharashtra, the commercial capital of India follows the following professional tax slab:

Maharashtra

Income	Monthly Professional Tax
Less than Rs.2500	Nil
Between Rs.2500 - 3500	Rs.60
Between Rs.3500 - 5000	Rs.120
Between Rs.5000 - 10,000	Rs.175
Beyond Rs.10,000	Rs.200

Tamil Nadu's Tax Slabs:

The professional tax slab structure followed in Tamil Nadu on a half yearly basis is formulated as follows:

Tamil Nadu

Less than Rs.21,000	Nil
Between Rs.21,001 - 30,000	Rs.75
Between Rs.30,001 - 45,000	Rs.188
Between Rs.45,001 - 60,000	Rs.390
Between Rs.60,001 - 75,000	Rs.585
Beyond Rs.75,001	Rs.810

West Bengal's Tax Slabs:

West Bengal has created its respective professional tax slab structure to keep the residents informed about the exact deductions from their incomes. The professional tax slab in West Bengal has been categorized as per the following criteria:

West Bengal

Less than Rs.1,500	Nil
Between Rs.1,501 - 2,001	Rs.18
Between Rs.2,001 - 3,001	Rs.25
Between Rs.3,001 - 5,001	Rs.30
Between Rs.5,001	Rs.40
Between Rs.6,001 - 7,001	Rs.45
Rs.7,001	Rs.50
Rs.8,001	Rs.90
Rs.9,001	Rs.110
Rs.15,001	Rs.130
Rs.25,001	Rs.150
Beyond Rs.40,001	Rs.200

Delhi's Tax Slabs:

The Indian capital has its own professional tax structure has been categorized under various heads like professional tax for corporate professionals, non-corporate professionals, corporate contractors, non-corporate contractor. The professional tax rate of the corporate
professionals has been declared as 11.33% whereas the corporate contractors are required are levied 2.26% of their income towards their professional tax. The deductions for the non-corporate professionals have been adjusted at 10.30% of their incomes but that of the
non-corporate contractors have been decided at 2.06% of their incomes. The professional tax slabs in terms of various income groups in Delhi, have been structured as follows:

Delhi

Income	Monthly Professional Tax
Less than Rs.1,10,00	Nil
Between Rs.1,10,000 - 1,45,000	Nil
Between Rs.1,45,000 - 1,50,000	10%
Between Rs.1,50,000 - 1,95,000	20%
Between Rs.1,95,000 - 2,50,000	20%
Beyond Rs.2,50,000	30%

Delhi has also formulated a different professional tax slab for people with income beyond Rs. 10,00,000. Such income groups are required to pay10 % of their income as surcharge also. The professional tax structure in Delhi has been formulated to include an education cess also.
The education cess is calculated by aggregating the amount of tax as well as the amount of surcharge and then 2% of the aggregate is deducted as the education cess. The professional tax structure for partnership companies includes surcharge at the rate of 10% of the profits.
Partnership companies are required to pay 2% of their profits as education cess. The calculation of education cess for the companies also requires the aggregation of the income tax and the surcharge initially and then deducting 2% of the aggregate for education cess. The
professional tax rate for the partnership firms has been decided at 30% of the profit and the effective rate of tax of these firms is 33.66 %.

Demands tabled by A I D E F and N F P E

Demands tabled by All India Defence Employees Federation

S.No.	Charter of Demands
1.	No corporatization of ordnance factories as recommended by the 6th CPC, no grant of RUR to private industries, no outsourcing of Defence jobs to private section and no RDI in Defence sector.
2.	No abolition of group "D" Post and no outsourcing of jobs to contractors.
3.	To fix the minimum wages as per the 15th ILC norms.
4.	To revise the fitment formula as suggested by the staff side to ensure a minimum wages increase of 40% to all categories of employees.
5.	Revise the Pay Scale of Master Craftsman to Rs.9300 - 34800 + Rs.4200 Grade Pay and revise the cadre structure of Industrial Workers (Workshop Staff)
6.	Anomaly in the fitment fromula to be rectified in case of employees promoted on or after 01-01-2006 by ensuring the minimum pay granted to new entrant recruited after 01-01-2006.
7.	Grant annual increment on 01st January and 01st July instead of 01st July.
8.	To implement the joint proposals with regard to Pay Scales and promotional prospects of DRDO employees particularly (a) DRTC Technicians/Technical Assistant 'C' (b) Admin, Stores, Accounts, Pas, DEO, HO, Security, ALS and all Attendants Cadre.
9.	No lateral induction of Defence Forces in the Defence Establishments as Civilian Employees.
10.	Exempt the Defence Establishment from ADRP and fill up all the posts lying vacant on 01-01-2008.
11.	Implement all the Arbitration Awards.
12.	Continue the payment of Risk Allowance, Hospital Patient Care Allowance and Patient Care Allowance to the existing employees and extend the benefit to left out categories, organizations and opeations.
13.	To implement 3 ACP Scheme by granting ACP up gradation in the hierarchical grade as available for promotion in the recruitment rules.
14.	No reduction in the commutation value and restoration of full pension after 12 years.
15.	Withdraw the new contributory Pension Scheme and implement the defined Pension Scheme for the employees recruited after 01-01-2004.
16.	Implement the recommendations of the 6th CPC to grant flexible working hours to women employees and physically disabled employees.
17.	Revision of overtime rates under the Factory Act and Departmental Rules in the revised pay scale w.e.f. 01-01-2006 and correlation of Piece Work Rates / Houly Rates and Incentive in the revised Pay structure.
18.	Grant of all allowances from 01-01-2006 and instead of 01-09-2008.
19.	Minimum 10% of benefit to be guaranteed while on promotion.
20.	Remove the Arbitary 5% ceiling imposed on compassionate ground appointments and grant compassionate appointment to all the pending cases.
21.	Revise the Daily Allowance rates.
22.	Immediate setupof Anomaly Committee both at the National and Departmental level and refer the disagreed items to Board of Arbitration.
23.	Stoppage of recovery of Professional Tax from the Defence Civilian Employees as directed by the Hon'ble Karnataka High Court and Supreme Court of India.
24.	Extension of CSD Canteen facilities to retired Defence Civilians Employees.
25.	Restore Border Area allowance withdrawn by the Government based on 6th CPC recommendations.
26.	Special Duty allowance to be paid to all employees without any conditions.

Demands tabled by National Federation of Postal Employees

S.No.	Charter of Demands
1.	Modify and improve the recommendations of Nataraja Murti Committee and reject the retrograde recommendations [list of modifications / rejections endorsed separately].
2.	Re-fix the wages all Paid Substitutes – RRR Candidates – Part Time / Contingent w.e.f. 1.1.2006 on the basis of 6th CPC Revised Pay Scales.
3.	Exempt Postal Department from the purview of Screening Committee and fill up all vacant posts in all cadres immediately.
4.	4. Hold Periodical Meeting and JCM Departmental Council / RJCM Regional Council meetings as per the schedule.
5.	5. Implement all issues of April 2007 Strike Settlement.
6.	6. Negotiate and settle the sectional charter of demands submitted by Federations and unions on 15.02.2008.
7.	7. Finalise Cadre Review for all cadres – creation of a separate establishment for System Administrators and redressing their current problems.
8.	8. Improve the ACP and make it applicable to Postal Employees.
9.	Remove all trade union victimisation in all Circles and end irrational application of Contributory Negligence orders.
10.	Do not introduce new schemes without consultations with the Staff Side.
11.	Withdraw the SLP against the RRR Candidates and absorb them immediately.
12.	Grant immediate fixation of higher scale as per 6th CPC to TBOP/BCR Postmen / Mailguards.
13.	Grant higher pay scales to Head Mail Peons at par with Postman / Mailguard.
14.	Redistribute the LSG / HSG II / HSG I posts for Circle Offices including DPLI Kolkata.
15.	Withdraw decentralisation of PLI/RPLI functions of Circle Offices.
16.	Stipulate periodicity of deputationists to Circle Offices and recruit new incumbents.
17.	Ensure integration of all Accounting streams in DOP under PA Wing and stop the proposed move to decentralise Postal Accounts.
18.	Restore the 3 year periodicity for promotion to Senior Accountant cadre

Loan rates may come down

Housing Loan rates for existing borrowers may come down




The government on Thursday said it is talking to bankers to cut the lending rates for home loans even for the existing borrowers.


"Yes, we are talking to bankers as their prime lending rate (PLR) is refixed. They (banks) must reset the loan rates for past borrowers also. As PLR is brought down, even floating rates must come down," Home Minister P Chidambaram said in the Lok Sabha. The former finance minister replies on finances in Parliament from the government side.


Chidambaram's statement assumes importance as public sector banks on Monday said interest rate for fresh home loans of up to Rs 5 lakhs will not exceed 8.5 per cent, while the lending rate is a maximum of 9.25 per cent for new housing loans in the bracket of Rs 5 lakh and Rs 20 lakh.


However, the existing borrowers did not get such relief.


"Questions have been rightly asked, what about the past loans at floating rate of interest," he said in reply to a debate in the Lower House on Review of the Economic Situation in the Country.


Chidambaram said housing is an important sector and a major driver of the economy.
"Steel, cement, bricks, pipes, wires, electrical equipment, construction, labour everything depends on housing," he added.

INDEFINITE STRIKE WITHDRAWN

NFPE FEDERAL SECRETARIAT DECIDED TO WITHDRAW THE INDEFINITE STRIKE


DECISION ON THE BASIS OF THE APPROACH OF THE DEPARTMENT FOR NOT TAKING ANY UNILATERAL DECISION ON GDS COMMITTEE RECOMMENDATIONS WITHOUT CONSULTING THE STAFF SIDE


DECISION IS INFLUENCED BY THE NON-NEGATIVE APPROACH OF THE SENIOR OFFICERS COMMITTEE HEADED BY SHRI P.K.GOPINATH


GDS CHQ ADVISED BY NFPE SECRETARIAT TO COLLECTIVELY CALL OFF TO MAINTAIN UNITY FOR NEGOTIATIONS AND FUTURE ACTION

Inflation dives to nine-month low of 6.84%

Inflation dives to nine-month low of 6.84%

A cut in petrol and diesel prices pushed inflation down to 6.84 per cent, the lowest in nine months, even as the Finance Ministry said this could help further ease interest rates in the economy.

Inflation, measured by wholesale price movement, dipped by 1.16 per cent for the week ended 6th December from the previous week, triggering demands from the industry for further cuts in key policy rates by the Reserve Bank.

Inflation, which touched a peak of 12.91 per cent in August, has fallen for the sixth straight week mainly on account of fall in crude prices in the international market.

Per barrel crude prices have dipped to about USD 40 from a high of USD 147 in July.
The fuel index itself has dipped by 3.7 per cent in the week under review.

Apart from fruits and vegetables, prices of imported edible oil, rice bran oil and coconut oil declined. Prices of chemicals and chemical products declined, and those of transport equipment and parts also turned cheaper.



D K Joshi, Principal Economist, Crisil, said, "I expect the RBI's policy to remain aggressive. It might go for further rate cuts. By March, I expect the rate of inflation to come down to 2-3 per cent."

Leave Travel Concession Scheme

Leave Travel Concession Scheme



NACIL is offering you a revised Leave Travel Concession Scheme (LTC-80), which was presently being offered under LTC-30 with effect from 01st December 2008

HIGHLIGHTS

Under this scheme you can travel in Economy Class on selected domestic sectors.

You can not avail child & Infant Fare or any other discount under this scheme.

Tickets booked under LTC Scheme are refundable. However you will have to pay refund Fee of Rs. 100 per ticket, cancelled at least 1hour prior to the departure. But if you get the Ticket cancelled less than 1hour prior to the departure, it will be treated as no-show.

you can re-book and change your reservation by paying just Rs.100 per ticket at least 1hour prior to departure.

After commencement of the journey you can not Re-Route your booking.

For verification you are required to carry the Employee Identity Card while traveling. You are also required to present your Employee identity card at the time of issuance of the tickets for necessary endorsement on the tickets.

Your ticket will be Non-endorsable and valid to travel on Air India only.

If you are an Employee of the State, Central Government, Public Sector Undertakings or employee of the educational institutions recognized/aided by Centre, State Government and or affiliated to any of the University/ Educational Boards then you and your family members traveling on leave and availing LTC facility are eligible for availing this scheme.

Under this scheme your booking should be on confirmed basis.

You can purchase your ticket under this scheme from Air India booking offices and approved travel agents.

Holiday Homes

Online Bookings of Ministry of Urban Development Holiday Homes

The Ministry of Urban Development has launched the online booking facility in the Ministry of Urban Development Holiday Homes for the Central Government employees. This was formally launched by Shri R.C. Mishra, Additional Secretary, of the Ministry of Urban Development, here today.

Ministry of Urban Development has Holiday Homes at 10 locations and Touring Officers.Hostels at 30 odd locations all over India. The conventional method of booking of accommodation in these Guest Houses was time consuming and the facility was not accessible to a large section of the Central Government employees, posted all over the country.

The new user-friendly system shall enable the Central Government employees - To apply online for booking of rooms in these Holiday Homes and Touring Officers¡¦ Hostels; To know the status of their applications online; and To obtain Confirmation Slips online. With the installation of online booking facility, the Serving and retired Central Government employees will now be able to avail of this facility at their doorstep through the internet portal of the Directorate of Estates (www.estates.nic.in).

Initially, the internet booking facility has been launched for Holiday Home at Mussurie. In due course, this would be extended to other Holiday Homes and Touring Officers¡¦ Hostels under Ministry of Urban Development. The Ministry of Urban Development is negotiating with the bank for making payment through Debit/Credit cards.

Till that time the existing mode of payment through Demand draft will be adhered for advance reservation of rooms. The software for this purpose has been developed by the National Informatics Centre.

Ministry of Urban Development has many other projects in pipeline for establishing new Holiday Homes at Hyderabad, Port Blair, Chandigarh, Udaipur, Jaipur, Mount Abu, etc. for the welfare of the Central Government employees. With the streamlining of the mode of booking, the Ministry anticipates that a large number of Government employees would be benefited.

INDEFINITE STRIKE

INDEFINITE STRIKE FROM 17.12.2008 (Wednesday)

No agreement reached, talks held between DDG [Estt] and staff side
At 15.00 Hrs. on 16.12.2008 however no settlement could be reached.

Detailed news from National Postal Employees Federation


On the direction of the Regional Labour Commissioner the Department of Posts held a discussion with the Staff Side consisting of the GDS Union and the NFPE with all its General Secretaries at 15.00 Hrs today.

The Deputy Director General [Estt] took the meeting. The delay caused by the Senior Officers Committee in not discussing with the Staff Side and not completing its task before the assigned time of 7th December 2008 are protested by us and pointed out that this has caused the resentment at the lower levels.
Talks were held for nearly one hour. However no settlement could be reached. The Indefinite Strike decision of the GDS Union stands good. The Federal Secretariat decision to join the strike also stands good. Make all out preparations for the success of the indefinite strike.

No “one rank-one pension” for Armymen

“one rank-one pension”

Rejecting a long-standing demand of ex-servicemen, the government today said it was not contemplating providing “one rank-one pension” to similarly placed officers and jawans after their retirement.Replying to a question in the Lok Sabha, Minister of State for Defence M M Pallam Raju said the demand was “not found acceptable” due to administrative, financial and legal reasons.

Moreover, Raju said, the pensionary benefits of personnel below officer rank, particularly of the three ranks of Sepoy, Naik and Havildar have been significantly increased by increasing weightage from five years to ten, eight and six years respectively.

They were also allowed pension before January 1996 to be computed with reference to the maximum of the pay scale introduced from January 1, 1996.

With the Pay Commissions increasing the pay of armed forces and men every 10 years, the gap between the pension received by those who retired before the implementation of the respective commissions widened. Similarly placed retired officers (with same ranks and number of years of service) were receiving different amounts as pension, which has been opposed by lakhs of ex-servicemen all across the country and hence the demand from them for “one rank-one pension.”

another reply, Raju said the government had already received representations from ex-servicemen regarding their grievances against various recommendations of the Sixth Central Pay Commission.

Natural Calamity Advance

Flood Advance for CG employees in TamilNadu


Last month, Cyclone ‘Nisha’ hit the state of TamilNadu and it brought heavy rains for one week which resulted in floods all over the state. It affected the normal life of the people largely in the coastal districts and lots of damage was done there. The TamilNadu government announced the districts of Chennai, Tiruvallur, Trichy and some other parts as flood hit areas.
After this, various central government employees unions demanded flood relief to the affected employees. The unions pointed out that as per 6th CPC, flood advance was hiked up to two times of the previous amount and demanded Rs.5000 to be paid as advance to the employees.
In the year 2006, Rs.2500 was paid as flood advance to the central government employees (who were working in affected areas) after a cyclone hit the state of TamilNadu. The amount was recovered at Rs. 100 per month for 25 months.

Now the central government employees in TamilNadu are in high expectation that they will be paid Rs. 5000 as flood advance as soon as possible.

Govt staff may lose job if they don't perform

The government employees could lose their job after 20 years of service if they failed to come up to the expectations of their superiors under a new system of assessment suggested on Friday.

The Administrative Reforms Commission (ARC), headed by M Veerappa Moily, recommended far-reaching changes in the service rules of government servants and suggested two intensive reviews to make civil servants accountable.

The report on 'Refurbishing of Personnel Administration' said the first review at 14 years would primarily serve the purpose of intimating to the public servant about his or her strengths and shortcomings, while the second review at 20 years would mainly serve to assess the fitness of the officer for further continuation in service.

"The services of public servants, who are found to be unfit after the second review at 20 years, should be discontinued. A provision regarding this should be made in the proposed Civil Services Law," the second Administrative Reforms Commission (ARC) said in its latest report released.

To ensure better accountability, the 377-page report said that for new appointments, it should be expressly provided that the period of employment shall be for 20 years. "Further continuance in government service would depend upon the outcome of the intensive performance reviews," it said.

It also said that performance appraisal should be year round and provisions for detailed work-plan and a mid-year review should be introduced for all services.
"The ACR will not exist in its present form," M Veerappa Moily, who heads the panel, said after he released the report.

Noting that a good employee performance appraisal system was a pre-requisite for an effective performance management system, the Commission suggested making appraisal more consultative and transparent.

The report said the annual performance agreements should be signed between the department minister and the secretary of the ministry or heads of departments, providing physical and verifiable details of the work to be done during a financial year.

The actual performance should be assessed by a third party with reference to the annual performance agreement, it said. For motivating civil servants, the report said, there was a need to recognise their outstanding work.

It said selection of foreign assignments should be made on the basis of recommendations of the Central Civil Services Authority.

On disciplinary proceedings, it said the proposed civil services law should have a provision that the present oral inquiry process is converted into a disciplinary meeting or interview to be conducted by a superior officer in a summary manner without the trappings and procedures borrowed from court trials.

On relations between political executive and civil servants, the panel said there was a need to safeguard the political neutrality and impartiality of the civil services. "The onus for this lies equally on the political executive and the civil services," it said.

Source:PTI

Information from Minister of State for Defence Production

Quality of Production in Ordnance Factories


There are 39 Ordnance Factories which are involved in production of various type of military hardware and two factories of Bharat Dynamics Ltd that manufacture missiles.

Two more Ordnance Factories are being established to produce ammunition and small arms. Ordnance Factories produce arms and ammunition and other military hardware as per laid down specifications and supply to the armed forces only after the products have been accepted by the quality assurance agency.

The manufacturing cost of the arms and ammunition produced by the Ordnance Factories is competitive in most of the cases. In May, 2001, the defence sector was opened to 100 % participation by Indian private sector with cap of 26 % on FDI as part of the ongoing process of economic reforms.

Security concerns in allowing private sector to participate in defence production have been addressed by incorporating suitable provisions in the guidelines for licensing production of arms and ammunition in the private sector. This information was given by Minister of State for Defence Production Rao Inderjit Singh in a written reply to Amir Alam Khan in Rajya Sabha today.

More details... click the link:

http://pib.nic.in/release/release.asp?relid=45528&kwd=

List of Central Government Holidays - 2009

List of Central Government Holidays - 2009

No.	Government Holiday	Month	Date	Day
1.	Muharram	January	08	Thursday
2.	Republic Day	January	26	Monday
3.	Milad-Un-Nabi / Id-E-Milad	March	10	Tuesday
4.	Holi	March	11	Wednesday
5.	Ram Navami	April	03	Friday
6.	Mahavir Jayanthi	April	07	Tuesday
7.	Good Friday	April	10	Friday
8.	Budha Purnima	May	09	Saturday
9.	Janamashtami	August	14	Friday
10.	Independence Day	August	15	Saturday
11.	Id-ul- Fitr	September	21	Monday
12.	Dussehra	September	28	Monday
13.	Gandhi Jayanthi	October	02	Saturday
14.	Diwali	October	17	Saturday
15.	Guru Nanak's Birthday	November	02	Monday
16.	Bakrid	November	28	Saturday
17.	Christmas	December	25	Friday
18.	Muharam	December	26	Saturday

List of Restricted Central Government Holidays during the year- 2009

No.	Government Holiday	Month	Date	Day
1.	New Year Day	January	01	Thursday
2.	Guru Govind Birth Day	January	05	Monday
3.	Makara Samkranthi (N.I.)	January	13	Tuesday
4.	Makara Samkranthi (Bengal)	January	14	Wednesday
5.	Pongal (S.I)	January	14	Wednesday
6.	Basanta Panchami	January	31	Saturday
7.	Guru Ravidas Birthday	February	09	Monday
8.	Sivaji Jayanthi	February	19	Thursday
9.	Swami Dayanand Saraswathi Jayanthi	February	19	Thursday
10.	Maha Shivaratri	February	23	Monday
11.	Holika Dahana	March	10	Tuesday
12.	Ugadi	March	27	Friday
13.	Easter	April	13	Monday
14.	Vaisakhi	April	13	Monday
15.	Vishu	April	13	Monday
16.	Mesadi	April	14	Tuesday
17.	Vaisakhadi (Bengal)	April	15	Wednesday
18.	Rabindranath Birthday	May	09	Saturday
19.	Rath Yathra	June	24	Wednesday
20.	Hazarat Ali Birthday	July	07	Tuesday
21.	Raksha Bhandhan	August	05	Wednesday
22.	Parsi New Year	August	19	Wednesday
23.	Ganesh Chaturthi	August	23	Sunday
24.	Onam	September	02	Wednesday
25.	Jamat-Ul-Vida	September	18	Friday
26.	Maha Saptami	September	25	Friday
27.	Maha Ashtami	September	26	Saturday
28.	Maha Navami	September	27	Sunday
29.	Maharishi Vslmiki's Birthday	October	04	Sunday
30.	Deepavali	October	17	Saturday
31.	Naraka Chaturdasi	October	17	Saturday
32.	Govardhan Puja	October	19	Monday
33.	Bhai Duj	October	19	Monday
34.	Guru Teg Bahadur's Martyrdrom Day	November	24	Tuesday
35.	Christmas Eve	December	24	Thursday

Interest bearing advances - for Motor Car ,Scooter, Moped and Computer and Cycle

F.No 12(I)/E.II-A/2008

GOVERNMENT OF INDIA

Ministry of Finance

(Department of Expenditure

North Block,New Delhi
Dated 24th October,2008

OFFICE MEMORANDUM

Sub: Interest bearing advances / Sixth Central Pay Commission recommendation

The undersigned is directed to state that the implementation of the recommendations of the Sixth Central
Pay Commission relating to interest bearing advances granted to Government employees is under consideration of the
Government.




2. Meanwhile, pending finalization of the new arrangement, the existing provisions for interest bearing advances
relating to purchse of Motor Car,Motorcycle, Scooter, Moped and Personal Computer would continue to be in
operation. The eligibility criteria will be as follows:

Advance	Eligibility Criteria
Motor Car (including Personal Computer)	Pay in the pay band of Rs.19530/- (Nineteen thousand five hundred and thiry only) or more
Motor Car, Scooter, Moped	Pay in the pay band of Rs.8560/- (Eight thousand five hundred and sixth only) or more

3. The quantum of advances would be determined with reference to pay in the pay band and existing ceiling
would remain unchanged.


4. Advances for purchase of Bicycle and Warm Clothing (provided for in Rule 31 and 35 respectively of the
Compendium of Rules on Advances to Government Servants) are to be treated as interest free advances in terms
of this Department's OM of even number dated 7th October,2008.



5. Hindi version will follow.

House Building Loan

Hosing Loan Interest would fall very soon…!
The government has announced public sector banks would soon introduce a package for those seeking home loans. Presently banks and housing finance firms are charging between 12% and 14% for fixed-rate home loans and offering between 9.5% and 11.75% for floating rate home loans. But the latest measures announced by RBI has started easing the cost of funds for the banks following which they are expected to decline the interest rate further.

"Public sector banks will shortly announce a package for new borrowers for home loans in two categories -- for loans of up to Rs 5 lakhs and Rs 5-20 lakhs".

The government pointed out that there is a large unmet demand for housing in the country, especially for middle and low income groups. The demand in residential segment has declined in the last six months on account of high interest rates on housing loans and steep rise in property prices during last two to three years.The government highlighted the RBI's decision to provide refinance facility of Rs 4,000 crore to National Housing Bank.

Under the scheme, home loans up to Rs 5 lakh will be offered at a rate of around 7% while those above Rs 5 lakh and up to Rs 20 lakh will be granted at around 8%. We hope that the reduction of interest rates shall be effect for old customers also.

Housing Loan - Floating Interest Rates

Banks / Institutions	5 Years		10 Years		15 Years		20 Years
Allahabad Bank	9.75	2113	10.25	1335	10.5	1105	10.75	962
Bank of Baroda	10.25	2138	10.5	1350	10.5	1106	10.75	1016
Bank of Rajastan	11.5	2199	10.75	1421	12	1200	12.5	1137
Canara Bank	10.25	2137	10.5	1350	10.75	1121	10.75	1016
Central Bank of India	9	2075	10	1321	10	1074	10	965
Dena Bank	10.5	2150	11	1378	11.25	1153	11.25	1050
Indian Bank	9	2075	9.25	1278	9.5	1042	10	962
Indusind Bank	11.25	2187	11.25	1392	11.5	1168	11.5	1066
Oriental Bank	10	2125	10	1321	10.25	1153	10.25	-
State Bank of India	9.75	2113	10	1321	10	1074	10.25	-
Syndicate Bank	10	2125	10.5	1349	10.75	1121	11	1032
Vijaya Bank	9.25	2088	10	1322	10.25	1090	10.75	1016
Can Fin Homes Ltd	8.5	2200	11.5	1406	11.5	1169	11.75	1067
GIC Housing Ltd	10.75	2162	11.25	1392	11.5	1134	10.95	1084
HDFC	11.75	2212	11.75	1421	11.75	1185	11.75	1084
HUDCO	10.5	2200	10.75	1322	-	-	11	1032
LIC Housing	11	2174	11	1377	11	1137	11	1032
PNB Housing	11.75	2212	11.75	1421	11.75	1185	11.75	1315
Sundaram BNP	12.5	2250	12.5	1464	12.5	1233	12.5	1137

Housing Loan - Fixed Interest Rates

Banks / Institutions	5 Years		10 Years		15 Years		20 Years
Allahabad Bank	11.25	2187	11.75	1420	12	1200	12.5	1090
Bank of Baroda	11	2175	11.25	1392	11.5	1169	-	-
Bank of Rajastan	12.5	2249	12.75	1478	13	1265	13.5	1207
Canara Bank	11.25	2187	11.25	1392	11.25	1152	11.25	1049
Central Bank of India	10	2125	-	-	-	-	-	-
Dena Bank	11.25	2187	11.75	1421	11.75	1185	11.75	1084
Oriental Bank	11	2175	11	-	11.25	1152	11.25	1049
State Bank of India	12	2224	12	1435	-	-	-	-
Vijaya Bank	9.5	2101	10	1322	-	-	-	-
Can Fin Homes Ltd	14	2327	14	1553	14	1332	14	1244
GIC Housing Ltd	11.5	2200	12	1435	12.5	1233	13	1172
HDFC	14	2327	14	1553	14	1332	14	1244
HUDCO	-	-	-	-	-	-	13	1172
LIC Housing	13.5	2300	13.5	1523	13.5	1298	13.5	1207
PNB Housing	13.75	2314	13.75	1538	13.75	1315	13.75	1226

Hence, calculation starts…!