March 17, 2018 in News

SBI minimum balance for savings account rule changed: Know about new charges from April 1

The State Bank of India, on Tuesday morning, cut charges for non-maintenance of average minimum balance. The new charges will be applicable from April 1, 2018. India’s largest bank has specified different monthly average balances (MAB) for accounts and if the holder fails to maintain this balance, he is charged depending on the degree of shortfall. The decision was taken by the bank in view of the feedback from various stakeholders.

According to the last notification by the bank, the SBI customers holding savings bank accounts with the bank’s metro and urban branches were required to maintain a monthly balance of Rs 3000 from October 1. The customers in semi-urban SBI branches were required to maintain Rs 2000 monthly balance and the rural branch customers had to maintain Rs 1000 balance.

Now, the AMB for customers in Metro and Urban centres have been reduced from a maximum of Rs. 50/- p.m plus GST to Rs. 15/- p.m. plus GST. Similarly, for Semi-Urban and Rural centres the charges have been reduced from Rs. 40/- p.m plus GST to Rs. 12/- and Rs. 10/- p.m. plus GST respectively.

Here are the new rates by SBI:

“We have reduced these charges taking into account the feedbacks and sentiments of our customers. Bank has always focused on keeping the interests of its customers first and this is one of our many efforts towards fulfilling customer expectations. Bank also offers its customers to shift from regular savings bank account to BSBD account on which no charges are levied,” PK Gupta, MD – Retail & Digital Banking, SBI said, about the reduction of charges.

Currently, there are 41 crores Savings Bank accounts in SBI out of which 16 crore accounts under PMJDY / BSBD and of pensioner/minors/social security benefit holders were already exempted. Apart from this, the accounts of students upto 21 years of age are also exempted.

SBI believes that the decision to cut charges for non-maintenance of minimum balance will benefit as many as 25 crore customers.

The bank added that if the customer wants to avail basic savings bank facilities without being subject to maintenance of AMB, they can convert the regular savings bank account to Basic Savings Bank Account (BSBD account), free of charge.

Source by financialexpress…

March 16, 2018 in News

Do not pick tax-planning options blindly, focus on goal, objective

Tax planning provides not only the opportunity to review the activities of the past year, it also generates an invaluable opportunity to leverage tax planning techniques. Good tax planning and tax-efficient investing should be integral components of any wealth creation and preservation strategy.

There are various options for tax planning, ranging from PPF, NSC, insurance policies, pension funds, infrastructure bonds, equity-linked savings schemes (ELSS) and unit-linked insurance plans (ULIPS), but tax planning through equity investment related to saving instruments not only reduces tax liability but also ends up saving towards the various goals one has set for different life stages.

One can invest through equity mutual funds. Also it could be seen that due to lower interest rates in PPF and NSC, taxpayers are getting attracted toward equity-linked tax-saving schemes, as they not only give tax concessions, but also help generate good returns.

This is evident from the data as given by Association of Mutual Funds of India that equity and equity-linked saving schemes (ELSS) attracted an impressive inflow of around Rs 1.33 lakh crore in CY 2017, much higher than the Rs 51,000 crore inflow seen in CY 2016.

When contemplating an investment, the investment choice should be guided by two things: investment horizon and risk appetite. Equity always gives non-linear return and, therefore, you should have the patience to take the fruits.

Equity returns have been spectacular over the past few years. Though currently the market has been seeing some correction, it is poised to move northward on the back of strong economic growth.

Investing for the long term will help get more returns and also the risk of equity investment is likely to go down with investment for the long term.

Investors looking to enter the market now wonder if it is expensive and if there is further correction around the corner. But honesty, no one can time the market. Instead of trying to time the market, the best strategy would be to invest through the SIP route with a clear long-term investment horizon. SIP can help taxpayers average out the cost of purchase and maximise returns over a long period.

To conclude, days have changed. Taxpayers are diverting from traditional ways to modern ways of tax planning. While investing in equity-related instruments, taxpayers can have a combination of stable returns, tax efficiency and rupee-cost averaging.

Source by economictimes.indiatimes…

March 16, 2018 in News

Aadhaar Not Necessary For Bank Accounts, Phones For Now: Supreme Court

NEW DELHI:The Supreme Court has ruled that for now, citizens do not have to link their Aadhaar numbers to a range of services including bank accounts, mobile phones and passport. The top court said that a biometric ID is mandatory for accessing social welfare schemes and subsidies, but till it decides on whether the government’s demand for Aadhaar to be linked to private and public services is a violation of the right to privacy, the 12-digit unique number given to each citizen does not have to be linked to other services.

India launched Aadhaar, now the world’s biggest biometric database, in 2009 to streamline welfare payments and reduce wastage in public spending.

Since then, the government of Prime Minister Narendra Modi has been keen to mandate the use of Aadhaar for everything from filing income tax to the registration of mobile phone numbers and booking railway tickets. Aadhaar is now mandatory for welfare, pension and employment schemes. In January, Aadhaar was made mandatory not only for the renewal of passport, but also for new passports issued within three days under the tatkaal category – an order that has been challenged by lawyer Vrinda Grover.

The top court’s stand on Tuesday means that a deadline of March 31 that was earlier declared for bank accounts and mobile phones to be linked to Aadhaar, has now been extended till it decides on whether the Aadhaar Act is illegal.

A group of petitioners have asked the Supreme Court to declare the government’s insistence on Aadhaar disclosure as a violation of the right to privacy.

On March 7, a five-judge constitution bench led by Chief Justice of India Dipak Misra said it may not be possible to take a call on the petitions by March 31. It is unlikely that an order will be delivered before the top court goes on vacation in May, lawyers say.

Campaigners and technology experts have raised concern about the privacy and safety of data, the susceptibility of biometrics to failure, and the misuse of data for profiling or increased surveillance.

A group of petitioners have asked the Supreme Court to declare the government’s insistence on Aadhaar disclosure as a violation of the right to privacy. In August 2017, the Supreme Court ruled that privacy is a fundamental right, but made it clear that the decision on the constitutional validity of Aadhaar would be taken separately.

The government says the Supreme Court, in that verdict, accepted that privacy is a fundamental right, but subject to reasonable restrictions.

Critics are worried about repeated data breaches and say the ID card links enough data to create a full profile of a person’s spending habits, their friends, property they own and a trove of other information.

Source by:-ndtv

March 13, 2018 in News

How to Change Email and Mobile no. on GST portal with FAQ

Reset of email address/ and mobile phone number of Authorized Signatory on GST Portal
1. How can I reset the password to login to the GST Portal in case the Primary Authorized Signatory has died or is not traceable?
1. In case the Primary Authorized Signatory has died or is not traceable, you need to approach relevant jurisdictional Tax Officer to retrieve password to the GSTIN allotted to your business. You can check your jurisdiction in the Registration Certificate. Alternatively, you can check the My Profile section to check your Jurisdiction.

2. You need to provide valid documentation to validate the business details related to your GSTIN.

3. Tax officer will check if the said person is added as a Stakeholder or Authorized Signatory for that GSTIN in the system.

4. Tax officer will upload sufficient proof in support to authenticate the activity.

5. Tax officer will enter the email address and mobile phone number provided by you.

6. After upload of document, Tax officer will reset the password for the GSTIN in the system.

7. Username and Temporary password reset will be communicated to the email address as entered by the Tax Officer in your jurisdiction. Next you need to login to the GST Portal available at https://www.gst.gov.in/and login using the First time login link. You will be forced to change your username and password after first time login with the Username and Temporary password that was emailed on the updated e-mail address of the Primary Authorized Signatory.

2. How can I set a new Primary Authorized Signatory in the GST Portal in case the Primary Authorized Signatory has died or is not traceable? How can I add a new Authorized Signatory in the GST Portal?
In case the Primary Authorized Signatory has died or is not traceable, you need to approach relevant jurisdictional Tax Officer to set a new Authorized Signatory in the GST Portal.

You can check your jurisdiction in the Registration Certificate. Alternatively, you can check the My Profile section to check your Jurisdiction.

3. Can a Jurisdictional Officer add a taxpayer as an Authorized signatory?
No, a Jurisdictional Officer cannot add a taxpayer as an Authorized signatory. Jurisdictional officer can only change the e-mail and mobile phone number of an existing Authorized signatory. For adding Authorized signatory, the taxpayer need to follow the core field amendment process.

4. Can a Jurisdictional Officer mark an existing promoter/ partner as a Primary Authorized signatory?
Yes, a Jurisdictional Officer can mark an existing promoter/ partner as a Primary Authorized Signatory after proper authentication.

Guidelines For Changing Email And Mobile Number Of Primary Authorized Signatories Mentioned At The Time Of Enrolment Or New Registration.
The steps which need to be followed by the user taxpayer for changing of email and mobile number: –

Step-1: Login to GST portal (http://www.gst.gov.in/) with your user id and password.

Step-2: Click on the registration bar and select the non-core amendment.

Step-3: Click on the authorized signatory tab.

Step-4: Add new authorized signatory whose email and mobile number user wants to use.

Step-5: Go to verification tab and submit the application.

Step-6: After submission of application please wait for some time ( 15 minutes).

Step-7: Login again with user id and password.

Step-8: Go to the authorized signatory tab – deselect the primary authorized signatory check box.

Step-9: Select the newly added authorized signatory as primary authorized signatory (Important: Older mobile and email id will be prefetched by the system. Please ensure to change the mobile and email id to which you want to add.)

Step-10: Go to the verification tab and submit,

[Note: For Company/LLP DSC will be allowed. For EVC submission, OTP will come on newly added email/mobile number]

March 12, 2018 in News

Xiaomi Redmi 5 to Be Available Via Amazon India at Launch

Redmi 5 India launch is expected next week at an event Xiaomi will hold in the country, with the brand has been building hype around the smartphone’s key features. While not much is official known about the device, it has now been confirmed the Redmi 5 will be available via Amazon India; it also mentions what is likely to be the launch time. This comes just a day after Xiaomi teased the Redmi 5 as a compact powerhouse on its social media channels.

Amazon India has set up a new webpage that mentions the Redmi 5 will be exclusive to its platform. However, that is unlikely as Xiaomi now sells its new products on Mi.com website and Mi Home offline stores, along with an online partner (either Amazon or Flipkart). While the page lists the smartphone as ‘Coming Soon’, there is a Notify Me button that allows users to sign up to get updates for the handset.

Moreover, this microsite mentions ‘3pm’, likely meaning the launch event may be scheduled for this time on March 14. Earlier this week, the online-only Mi TV 4A launch event was held at 3pm as well. The Redmi 5 India launch event invites have not been sent to the media yet, so we will have to wait for them to confirm the timing.

Like the Xiaomi teasers, the webpage highlights the upcoming smartphone’s two key strengths, a slim body and fast processor. It says 5 out of 8 people want a slim design, and 5 out of 6 seek a smartphone with fast processor.

Xiaomi Redmi 5 specifications

The Xiaomi Redmi 5 is a dual SIM (Nano) smartphone that Android Nougat out-of-the-box with MIUI 9 on top. The handset comes with a 5.7-inch HD+ (720×1440 pixels) display with an 18:9 aspect ratio and 282ppi pixel density. The Redmi 5 is powered by a Qualcomm Snapdragon 450 processor and comes in 2GB/ 3GB/ 4GB RAM variants. It sports 16GB/ 32GB of inbuilt storage.

In terms of optics, the Redmi 5 comes with a 12-megapixel rear camera that has features like f/2.2 aperture, PDAF, and LED flash. On the front is a 5-megapixel selfie camera with a “soft-light” flash module. The front camera also features the company’s proprietary Beautify 3.0 capabilities. Additionally, the smartphone is fuelled by a 3300mAh battery under the hood. In terms of dimensions, the handset measures 151.8×72.8×7.7mm and weighs 157 grams.

In terms of price in India, Redmi 5 could be priced below the higher-specced Redmi Note 5 that had arrived in India at a base price of just Rs. 9,999.

Source by gadgets.ndtv..

March 8, 2018 in News

‘Success Doesn’t See Gender’ says entrepreneur Kavita Sugandh

This International Women’s Day meet Kavita Sugandh who has carved out a niche for herself as a successful entrepreneur in the Indian direct selling industry. Here she describes her journey from making Rs 35,000 in her first job to notching up a seven-figure income in US dollars.

Tell us a bit about your background and how it influenced your decision to become an entrepreneur.

I come from Nagpur from a traditional business family. My father encouraged me to start earning on my own from an early age. I always knew I wanted to do something on my own. However, lack of enough capital to get started was holding me back. After eight years of working for leading MNCs, I quit my job and started an HR consultancy business. That was my first venture into entrepreneurship.

So how did you go from there to direct selling? What attracted you to it?

At the consultancy business, I was the CEO, administrator, and the clerk, all rolled into one since I couldn’t afford to hire anyone. Through hard work, I was able to grow the business but my company was centered around me. I could not afford to fall sick or go on vacation since a lot of money was at stake. Also, all the profits seemed to only appear on paper and never in the bank!

Two years after I started the business, a family friend told my husband and me about direct selling. The opportunity was through QNet, a prominent Asian direct selling company from Hong Kong. I went for one of QNet’s international conventions. Here, I attended training programs and interacted with other distributors from around the world. I was inspired by what I learned. Returning home, I closed down my HR business to focus on direct selling instead.

How long did it take you before you achieved some level of success with the new business venture?

For the first 18 months, I didn’t make any money. I faced severe setbacks and rejections. That made me angry but it also fueled my hunger to do better. When I earned my first major commission cheque after 18 months of hard work, the wait was totally worth it!

I have never shied away from hard work, but as an entrepreneur with QNet I have experienced hard work at a whole new level.

Has it been difficult being a woman in this business?

I think men find it far more difficult. Women usually have all the traits needed to succeed in direct selling. We don’t need a special Women’s Day to talk about everything that’s good about being a woman. Success doesn’t see gender. It comes to those who put their blood and sweat into and are deserving of it.

Your advice to the young generation of women who aspire to be entrepreneurs.

In India, even today, in many places, young women or girl children are dissuaded from taking up a career. In my opinion, we celebrate Women’s Day because we don’t consider women as equal to men. I tell the women in my organisation that their success is entirely up to them. They need to believe they can be successful and be willing to put in the work needed for it.

March 5, 2018 in News

HOW TO SET UP A VPN IN WINDOWS When and how to use the VPN client built into Windows.

VPN (virtual private network) technology lets a computer using a public internet connection join a private network by way of a secure “tunnel” between that machine and the network. This protects the data from being seen or tampered with by bad actors. The two most common use cases are consumer VPN services that allow individuals to surf privately from home or a public setting, and business-oriented solutions that allow employees to securely connect to a corporate network remotely.

For the most part, VPN connections are handled by custom software such as the many consumer VPN services we’ve reviewed, or by third-party generic software such as the OpenVPN client or Cisco AnyConnect.

Another option that’s generally supported by most virtual private networks is to use Microsoft’s built-in VPN client. This is useful when some VPNs don’t provide their own client or if you want to use a VPN protocol not supported by your VPN’s client such as IKEv2.Our new gaming site is live! Gamestar covers games, gaming gadgets and gear. Subscribe to our newsletter and we’ll email our best stuff right to your inbox. Learn more here.

The downside to using the built-in client is that you have to select a specific server to use as opposed to jumping between different locations the way you can with a commercial VPN service. On the other hand, most employer-supplied VPNs will offer a limited number of servers you can connect to, which makes using this client ideal.

Step by step: How to set up a VPN in Windows 10

Step 1 Click on the Cortana search bar or button on the taskbar and type vpn.

Step 2 The top choice should be Change virtual private networks (VPN). Alternatively, open the Settings app and go to Network & Internet > VPN.

vpnsettings — Windows 10’s built-in VPN client settings.

Step 3 At the top of the VPN screen in the Settings app, click Add a VPN connection.

addavpnconnection2 — Windows 10’s built-in VPN client configuration window.Step 4 In the screen that appears, enter the details for your VPN connection. Under “VPN provider” click on the drop-down menu, and select *Windows (built-in)*. This will also change “VPN type” to *Automatic*, and “Type of sign-in info” to *User name and password*. **Step 5** Next fill out the “Connection name” and “Server name or address.” These vary based on your VPN provider—whether a third-party service or an employer. For this example, we’re using Acevpn, a clientless VPN service that supports various connection types such as IKEv2, L2TP, and PPTP. **Step 6** Scroll down this screen and you’ll see a spot to enter your username and password for the VPN—again provided by your VPN service. Once the information is entered, click *Save*, and close the Settings app. IDG An IKEv2 VPN connection ready to go in Windows 10. **Step 7** Click the Wi-Fi icon in the system tray on your taskbar, and select your newly created VPN connection, which should be right at the top of the list. It should automatically start to connect, and if all goes well the connection process should happen relatively quickly. The above process works for the easier VPN connection types such as PPTP and L2TP, but if you want to use IKEv2 that requires installing a root certificate from your VPN provider. Keep in mind that not every service supports IKEv2 so using this method depends greatly on your VPN service provider or employer. Regardless, here’s how it works on Windows 10. First, download your VPN provider’s IKEv2 certificate to your desktop or somewhere else that’s convenient. Next, double-click on the certificate file and a security warning pops-up. Click *Open*. On the next window that opens click *Install certificate…*
IDG Windows 10’s Certificate Import Wizard. Now we’ve arrived at the Certificate Import Wizard. Select the *Local Machine* radio button and click *Next*. On the next screen make sure to select the radio button labeled *Place all certificates in the following store*, and click *Browse…* A smaller window opens with a folder tree. Select *Trusted Root Certification Authorities* and then click OK. Now we’re back at the Certificate Import Wizard window. From here click *Next.* The hard part is over. On the next screen click *Finish* and then OK in the smaller window. Now that the certificate is installed we can set up the IKEv2 VPN using the same step-by-step instructions above. Just make sure that you select *IKEv2* under “VPN type,” and then use the server name, address, and username and password provided by your service provider. Once you’ve connected to the VPN, check to see that your VPN is working by visiting IPleak.net. You should see an IP address, and DNS servers that are different from your non-VPN state. If you don’t, there are a number of potential causes that we can’t go into here. Your best bet is to check with your company’s IP department or the support service of your VPN. However, one easy and common fix for IKEv2 problems is to right-click on your Wi-Fi or ethernet icon in the system tray, and select *Open Network and Sharing Center* from the context menu. When the Control Panel opens click *Change adapter settings* on the left side, then right-click the name of your VPN connection and go to *Properties > Internet Protocol Version 4 (TCP/IPv4) > Properties > Advanced… > IP Settings*. Check “Use default gateway on remote network” and click *OK.* Close up all the windows and try IP Leak again. Step-by-step: How to set up a VPN in Windows 7 **Step 1** Click the *Start* button. In the search bar, type **vpn** and then select *Set up a virtual private network (VPN) connection*. **Step 2** Enter the IP address or domain name of the server to which you want to connect. If you’re connecting to a work network, your IT administrator can provide the best address. **Step 3** If you want to set up the connection, but not connect, select *Don’t connect now*; otherwise, leave it blank and click *Next*. **Step 4** On this next screen, you can either put in your username and password, or leave it blank. You’ll be prompted for it again on the actual connection. Click *Connect*. **Step 5** To connect, click on the Windows network logo on the lower-right part of your screen; then select *Connect* under “VPN Connection.” **Step 6** In the “Connect VPN Connection” box, enter the appropriate domain and your login credentials; then click *Connect*. **Step 7** If you can’t connect, the problem could be due to the server configuration. (There are different types of VPNs.) Check with your network administrator to see what kind is in use—such as PPTP—then, on the “Connect VPN Connection” screen, select *Properties*. **Step 8** Navigate to the Security tab and select the specific “Type of VPN” from the drop-down list. You may also have to unselect *Include Windows logon domain* under the Options tab. Then click OK and *Connect*. It takes a little work, but setting up a VPN using the Windows built-in client is relatively quick, and as a user it’s a helpful skill to have. This story, “How to set up a VPN in Windows” was originally published byPCWorld.

acevpnikev2 4 — Windows 10’s built-in VPN client configuration window.Step 4 In the screen that appears, enter the details for your VPN connection. Under “VPN provider” click on the drop-down menu, and select *Windows (built-in)*. This will also change “VPN type” to *Automatic*, and “Type of sign-in info” to *User name and password*. **Step 5** Next fill out the “Connection name” and “Server name or address.” These vary based on your VPN provider—whether a third-party service or an employer. For this example, we’re using Acevpn, a clientless VPN service that supports various connection types such as IKEv2, L2TP, and PPTP. **Step 6** Scroll down this screen and you’ll see a spot to enter your username and password for the VPN—again provided by your VPN service. Once the information is entered, click *Save*, and close the Settings app. IDG An IKEv2 VPN connection ready to go in Windows 10. **Step 7** Click the Wi-Fi icon in the system tray on your taskbar, and select your newly created VPN connection, which should be right at the top of the list. It should automatically start to connect, and if all goes well the connection process should happen relatively quickly. The above process works for the easier VPN connection types such as PPTP and L2TP, but if you want to use IKEv2 that requires installing a root certificate from your VPN provider. Keep in mind that not every service supports IKEv2 so using this method depends greatly on your VPN service provider or employer. Regardless, here’s how it works on Windows 10. First, download your VPN provider’s IKEv2 certificate to your desktop or somewhere else that’s convenient. Next, double-click on the certificate file and a security warning pops-up. Click *Open*. On the next window that opens click *Install certificate…*
IDG Windows 10’s Certificate Import Wizard. Now we’ve arrived at the Certificate Import Wizard. Select the *Local Machine* radio button and click *Next*. On the next screen make sure to select the radio button labeled *Place all certificates in the following store*, and click *Browse…* A smaller window opens with a folder tree. Select *Trusted Root Certification Authorities* and then click OK. Now we’re back at the Certificate Import Wizard window. From here click *Next.* The hard part is over. On the next screen click *Finish* and then OK in the smaller window. Now that the certificate is installed we can set up the IKEv2 VPN using the same step-by-step instructions above. Just make sure that you select *IKEv2* under “VPN type,” and then use the server name, address, and username and password provided by your service provider. Once you’ve connected to the VPN, check to see that your VPN is working by visiting IPleak.net. You should see an IP address, and DNS servers that are different from your non-VPN state. If you don’t, there are a number of potential causes that we can’t go into here. Your best bet is to check with your company’s IP department or the support service of your VPN. However, one easy and common fix for IKEv2 problems is to right-click on your Wi-Fi or ethernet icon in the system tray, and select *Open Network and Sharing Center* from the context menu. When the Control Panel opens click *Change adapter settings* on the left side, then right-click the name of your VPN connection and go to *Properties > Internet Protocol Version 4 (TCP/IPv4) > Properties > Advanced… > IP Settings*. Check “Use default gateway on remote network” and click *OK.* Close up all the windows and try IP Leak again. Step-by-step: How to set up a VPN in Windows 7 **Step 1** Click the *Start* button. In the search bar, type **vpn** and then select *Set up a virtual private network (VPN) connection*. **Step 2** Enter the IP address or domain name of the server to which you want to connect. If you’re connecting to a work network, your IT administrator can provide the best address. **Step 3** If you want to set up the connection, but not connect, select *Don’t connect now*; otherwise, leave it blank and click *Next*. **Step 4** On this next screen, you can either put in your username and password, or leave it blank. You’ll be prompted for it again on the actual connection. Click *Connect*. **Step 5** To connect, click on the Windows network logo on the lower-right part of your screen; then select *Connect* under “VPN Connection.” **Step 6** In the “Connect VPN Connection” box, enter the appropriate domain and your login credentials; then click *Connect*. **Step 7** If you can’t connect, the problem could be due to the server configuration. (There are different types of VPNs.) Check with your network administrator to see what kind is in use—such as PPTP—then, on the “Connect VPN Connection” screen, select *Properties*. **Step 8** Navigate to the Security tab and select the specific “Type of VPN” from the drop-down list. You may also have to unselect *Include Windows logon domain* under the Options tab. Then click OK and *Connect*. It takes a little work, but setting up a VPN using the Windows built-in client is relatively quick, and as a user it’s a helpful skill to have. This story, “How to set up a VPN in Windows” was originally published byPCWorld.

March 5, 2018 in News

CHANDRAYAAN-2 LAUNCH DELAYED, LIKELY TO TAKE OFF ONLY AFTER OCT

MUMBAI: India’s second mission to the moon, Chandrayaan-2, is likely to be launched only in October. Further delays cannot be ruled out if systems are not yet in place by then.

An Isro official told TOIseveral tests have to be done and arrangements need to be made. “We do not want to be in a hurry,” he said. Chandrayaan-2 consists of an orbiter with one-year mission span, a lander and a rover that can operate for 14 to 15 days on the lunar surface. The rocket will be GSLV Mark 2.

The original plan envisaged the launch between April and November with the real target focussed for April. Top Isro officials had expressed confidence that the takeoff will happen in April.

But on Friday, it was stated the lunar mission was not yet ready for an April lift-off and much still needs to be done. If the mission is launched in October, it will mark the 10th anniversary of the launch of the first Indian lunar mission, Chandrayaan-1, which lifted off on October 22, 2008.Chandrayaan-2 when launched will set a record. It will be the first lunar mission globally to execute a soft-landing in a particular region of the moon’s south pole, which will be a nailbiting manoeuvre. It will be also be the first mission to have the hyper spectral imager in the infrared region.

March 3, 2018 in News

7th Pay Commission: Very good news for employees on Holi

The salaries have been revised on one of the most auspicious days. Odisha Chief Minister, Naveen Patnaik ordered for the revision of salaries of government as per the recommendations of the 7th Pay Commission.

The hike would be effective in retrospect effect from January 1, 2016.

It may be recalled that in August last year, Patnaik had announced the implementation of the pay panel. This was then approved by the state cabinet

7th Pay Commission, Key points:

Odisha government has announced it will implement recommendations of the 7th Pay Commission in PSUs
PSUs employees in the state will see implementation happen with effect from January 1, 2016.
Chief Minister Naveen Patnaik yesterday directed concerned department for revision of salary of state PSUs
Odisha government in its cabinet meeting has also decided to enhance the remuneration of the contractual employees under the state government by around 25 per cent.

Source by oneindia..

March 3, 2018 in News

7th Pay Commission benefits announced for pensioners, Nigam-Mandal staff in this big state

7th Pay Commission: Yet another state has announced a big benefit for its employees. According to reports, 7th Pay commission windfall will be applied to these workers who had till now been deprived from it. This was announced today in the state budget 2018, presented by Madhya Pradesh Finance Minister Jayant Malaiya in the Assembly today. The main focus, however, was on agriculture, health, education and employment sectors. This will be the last budget by Chief Minister Shivraj Singh Chouhan-led government before the 2018 assembly elections in the state. According to the announcement today, 7th Pay Commission report benefits will be made available to the pensioners and Nigam-Mandal workers.

An earlier report said, the central government employees especially the lower-level ones, may finally expect some good news related to 7th pay commission, as reports suggest that Finance Minister Arun Jaitley plans to increase the minimum pay and fitment factor for them, which would be effective from April 1, 2018. According to The Sen Times, the government employees, who receive salaries from pay matrix level 1 to 5, are expected to receive hike in minimum pay scale to Rs 21,000 from Rs 18,000 from April 1, 2018. These employees will reportedly see an increase in their fitment factor from 2.57 times to 3.00 times of the basic pay of 6th Pay Commission.Meanwhile, the Economic Survey of the state was tabled yesterday. The Economic Survey showed that agriculture output in in the state has dipped in 2017-18 compared to last year.Madhya Pradesh budget 2018: Here are the highlights from his budget speech:
MP Budget 2018:

— 7th Pay Commission benefits for pensioners, Nigam-Mandal workers

— Salaries of Anganwadi workers to be increased.

— Rs 224 crores for sports development

— Rs 240 crore for to develop family quarter for policemen

— Aim to set up 700 new high school and 480 new senior secondary schools

— Rs 3,722 crore for women and child welfare

— Rs 10,928 crore for development of irrigation

— 6 new medical colleges to be opened

— Rs 37,000 crore for agriculture sector

— Rs 700 crore for developing smart city

–Rs 11932 crore to develop sewer network

— Budget allocates Rs 438 crore for Ayush

— Rs 1175 crore to the National Rural Health Mission (NHM)

— Rs 697 crore for pure drinking water in urban areas

— Rs 2986 crore for clean drinking water in rural areas

— Budget aims to lay 3,000 kms of new roads

– Rs 3, 109 crore for ‘Sarv Sikhsha Abhiyan’

Source by:-zeebiz

SBI minimum balance for savings account rule changed: Know about new charges from April 1