Enter Keyword and Search







Flash News : Non-Productivity Linked Bonus (Ad-hoc Bonus) to the CG Employees - Finmin Orders

Highlights of the Railway Budget for 2011-12

with 0 Comment


Highlights of the Railway Budget for 2011-12

* No hike in passenger fare and freight rates.

* Earnings for 2010-11 set to exceed Rs.1 lakh crore.

* A separate sports cadre to be created.

* Highest ever Plan outlay of Rs. 57, 630 crore proposed for Railways.

* Rs.10,000 crore to be raised through railway bonds.

* Scholarship for Girl child of Group-D railway employees increased to Rs.1200 per month.

* Recruitment for 1.75 lakh vacancies of Group ‘C’ and ‘D’ including to fill up backlog of SC/ST initiated, 16,000 ex-servicemen to be inducted by March 2011.

* Medical facilities extended to dependent parents of the Railway employees.

* Decided to set-up rail-based industries.

* Passing through a difficult phase; 97 percent increase in expenditure in 2010-11 due to implementation of Sixth Pay Commission report.

* Loss of Rs.3,500 crore in 2010-11.

* Ten-year backlog of 1.75 lakh jobs being addressed; 16,000 ex-servicemen to be given jobs in railways.

* Safety first priority; accident rate has come down.

* Anti-collision device, successful in North West Frontier Railway, to be extended to three more zonal railways.

* Railways always been a soft target but law and order a state subject. If railways are blocked in one region, this has a snowballing effect in other parts of the country.

* Will add 180 km of rail lines in 2011-12.

* All-India security helpline set up.* New Durantos to be run on Allahabad-Mumbai, Pune-Ahmedabad, Sealdah-Puri, Secunderabad-Visakhapatnam, Madurai-Chennai routes, among others.

* Rail linkage to Gujarat from Delhi-Mumbai freight corridor.

* Integrated suburban network to be set up in Mumbai, Chennai, Ahmedabad and other cities; suburban system of Hyderabad to be strengthened.

* Mumbai suburban system's EMU coaches to be increased from nine to 12.

* Pradhan Mantri Rail Vikas Yojna to be launched.

* Industrial park to be set up in Nandigram, West Bengal.

* Railways to set up factory in Jammu and Kashmir.

* To set up Metro coach factory at Singur, West Bengal.

* First coach from Rae Bareli factory to roll out in next three months.

* Work on wagon factory in Orissa to begin after land is acquired.

* Manipur capital Imphal to be soon connected to railway network.

* Centre for excellence in software to be set up at Darjeeling.

* Fund to be created for socially desirable projects.

* Central Organistaion for Project Implemtaiton created; will create accountability for nonperformance.

* 20 additional hostels for children of railway employees to be set up.

* Work on upgrading 442 stations to be completed by March 31.

* Decision to start pilot projects to give shelter to homeless people living along the tracks in Mumbai.

* Multi-purpose smart card to be introduced for all-India travel.* Airport-like trolleys to be provided at more stations.

* 56 new Express Trains, 3 new Shatabdis and 9 Duronto trains to be introduced.

* Upgraded class of air conditioned travel to be introduced shortly.

* To adopt modern technology through centres of academic excellence.

* 2011-12 declared ‘Year of Green Energy’ for Railways.

* Age for senior citizen's concession reduced to 58 from 60.

* Concession for physically handicapped and gallantry award winners for travel in Rajdhani and Shatabdi expresses.

* 50 percent concession for mediapersons with families to be increased from once to twice a year.

* AC Double Decker services on Jaipur-Delhi and Ahmedabad-Mumbai routes.

* New Super AC Class to be introduced.

Mamata Banerjee announced a number of measures for the welfare of Railway employees in her budget speech

with 0 Comment


Railway Employees’ Welfare, Recruitment and Training

The Minister for Railways, Mamata Banerjee announced a number of measures for the welfare of Railway employees in her budget speech in Parliament today. They are as follows:-

1. Expand the scope of Liberalised Active Retirement Scheme for Guaranteed Employment for safety category staff by enhancing the existing criteria of grade pay from Rs. 1800/- to Rs. 1900/-.

2. Considering the Indian family structure and values, extending medical facilities to both dependent father and mother of railway employees.

3. Increasing the scholarship for the girl child of gangmen and group ‘D’ employees to Rs.1200 per month for higher education.

4. Setting up of a Railway Vidyalaya Prabandhan Board (RVPB) to improve quality of education to children studying in 269 railway schools. The Board will draw up a plan for improving the physical and educational infrastructure of these schools to be implemented in a time frame of three years.

5. To provide 20 Road Medical Vans in remote and inaccessible areas for railway employees for easy access to medical facilities.

6. 20 hostels for children of railway employees have been commissioned and another 20 would be set up next year.

7. Undertaking of restructuring of all cadres in the Railways to afford adequate promotional opportunities to the officers and staff.

8. Recruitment process has already been set in motion for filling the vacancies of about 1.75 lakh in Group ‘C’ and Group ‘D’ posts. Steps have also been taken to fill up about 13,000 posts in Railway Protection Force. These mega recruitment drives will cover the backlog of SC/ST and physically handicapped quota.

9. For the first time, the Ministry is inducting 16,000 ex-servicemen by end of March 2011. More than 1200 ex-servicemen in Railway Protection Force are being recruited.

10. A Training centre is proposed to be started at Kharagpur to enhance skills of frontline staff in dealing with the customers. Multi-disciplinary training centres would be set up at Dharwad, Kolkata and Pune including an exclusive international centre at Agra. A new basic training centre at Kurseong is proposed to cater to the needs of North East Frontier Railway including Darjeeling-Himalayan Railway.

Raise income tax exemption limit to Rs 3 lakh: Survey

with 0 Comment


Raise income tax exemption limit to Rs 3 lakh: Survey

NEW DELHI: The government must increase the personal income tax exemption limit to at least Rs 3 lakh from Rs 1.6 lakh at present in the upcoming Budget for giving relief to taxpayers from high inflation, majority of CEOs surveyed by industry body Assocham has said.

"In view of the unprecedented inflation particularly the food inflation, the government must increase the personal income tax exemption limit from the existing Rs 1.6 lakh to at least Rs 3 lakh to give adequate relief to the larger sections of the society, added the majority of the CEOs," the pre-Budget survey said.

The Budget 2011-12 would be unveiled by Finance Minister Pranab Mukherjee on February 28. At present, income up to Rs 1.6 lakh is exempted from tax for individuals. For women and senior citizens, the limit is Rs 1.9 lakh and Rs 2.4 lakh, respectively.

However, under the the Direct Taxes Code (DTC) Bill which was introduced in Parliament last year, the I-T exemption limit is Rs 2 lakh. The DTC is expected to replace the 50-year old Income Tax Act from April, 2012.

The survey further said that due to continuous elevated inflation and high commodity prices across globe, there is a strong case for continuation of stimulus package so that the growth momentum is not spiked.

It was a pre-Budget expectations survey conducted under the Associated Chambers of Commerce and Industry of India (ASSOCHAM) with participation from its 1,000 CEOs. Inflation, particularly food inflation, has been a concern for both the government and the common man. For past the few months, food prices are at high levels.

The WPI inflation for December rose to 8.43 per cent, from 7.48 per cent in the previous month. Food inflation, based on wholesale prices, rose to 17.05 per cent for the week ended January 22, on account of escalating vegetable prices, particularly, onions. It was at 15.57 per cent in the previous week.

Around 84 per cent of the CEOs belonging to large, micro, small and medium enterprises polled in the survey held that stimulus package for textiles, gems & jewellery, construction and real estate, cement and steel, among others, should continue for the next fiscal.

Besides, majority of the CEOs also pressed for larger and faster disinvestment in public sector undertakings, proceeds of which should partly be to fund infrastructure augmentation in PPP projects to help India grow and achieve intended growth rate of close to 9 per cent in next 2-3 years.

Source: Economic Times


DON'T FORGET TO ACTIVATE YOUR SUBSCRIPTION
Enter your email address:

Delivered by FeedBurner

ACTIVATE YOUR SUBSCRIPTION SERVICE BY CLICKING THE ACTIVATION LINK FROM YOUR INBOX...
FREE EMAIL SUBSCRIPTION

Today's Recent Entries...

Disclaimer:As and when orders amending the rules are published by the Government, the amendment orders will be published in our blog immediately. Readers are requested to refer to the source link is given at the end of the post. All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. 90paisa accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog. Links to other websites that have been included on this blog are provided for public convenience only. 90paisa is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.

Recent Posts