Expected DA Jan 2018 : AICPIN Dec 2017

Expected DA Jan 2018 : AICPIN Dec 2017

Consumer Price Index for Industrial Workers (CPI-IW) — December, 2017

No.5/1/2017–CPI

GOVERNMENT OF INDIA

MINISTRY OF LABOUR & EMPLOYMENT

LABOUR BUREAU

‘CLEREMONT’, SHIMLA-171004

DATED: 31st January, 2018

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) — December, 2017

The All-India CPI-IW for December, 2017 decreased by 2 points and pegged at 286 (two hundred and eighty six). On 1-month percentage change, it decreased by (-) 0.69 per cent between November, 2017 and December, 2017 when compared with the decrease of (-) 0.72 per cent for the corresponding months of last year.

The maximum downward pressure to the change in current index came from Food grotip contributing (-) 2.37 percentage points to the total change. At item level, Rice, Arhar Dal, Gram Dal, Groundnut Oil, Chillies Green, Brinjal, Cabbage, Carrot, Cauliflower, French Beans, Green Coriander Leaves, Methi, Palak, Peas, Potato, Radish, Tomato, Banana, Sugar, ESI Premium Contribution, Toilet Soap, etc. are responsible for the decrease in index. However, this decrease was checked by Wheat Atta, Coconut Oil, Fish Fresh, Goat Meat, Onion, Tamarind, Coconut, Electricity Charges, Firewood. Secondary School Fee, Flowers/Flower Garlands, etc., putting upward pressure on the index.

The year-on-year inflation measured by monthly CPI-IW stood at 4.00 per cent for December, 2017 as compared to 3.97 per cent for the previous month and 2.23 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 4.32 per cent ‘against 3.91 per cent of the previous month and 0.67 per cent during the corresponding month of the previous year.

At centre level, Jamshedpur and Tiruchirapally reported the maximum decrease of (7 points each) followed by Doom Dooma Tinsukia, Siliguri, Godavarikhani and Jalpaiguri (6 points each). Among others, 5 points decrease was observed in 7 centres, 4 points in 10 centres, 3 points in 9 centres, 2 points in 21 centres and 1 point in 13 centres. On the contrary, Darjeeling recorded a maximum increase of 8 points followed by Maria’ (4 points) and Srinagar (3 points). Among others, 2 points increase was observed in 2 centres and 1 point in 2 centres. Rest of the 5 centres’ indices remained stationary

The indices of 35 centres are above All-India Index and 43 centres’ indices are below national average.

The next issue of CPI-IW for the month of January, 2018 will be released on Wednesday, 28th February, 2018. The same will also be available on the office website www.labourbureanew.gov.in.

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(AMRIT LAL JANGID)

DEPUTY DIRECTOR

Authority: www.labourbureaunew.gov.in

CPOA Orders - Intimation Of Recovery Of Excess/Over Payment Made To Pensioners

Intimation of Recovery of Excess/Over Payment Made to Pensioners – CPAO Orders

CPAO/IT&Tech/Clarification/13(vol-III)/2076-17/189

25.01.2018

Office Memorandum

Subiect:- Intimation of recovery of excess/over payment made to pensioners.

As per para 4.6.7 of the Accounting and Operating Procedure for Central Pension Processing Centre of Authorised Banks for Pension Disbursement to Central Government (Civil) Pensioners (February, 2012J wherein it has been provided that “the CPPC software will display on the computer screen, options and view of the details of calculation of pension and its breakup of the pension paid to the pensioner/ family pensioner. The Home Branch will act as intermediary with the CPPC and, besides providing accounts statement, provide to the pensioners the payment of TDS details, pension slip, the Due and Drawn Statement in respect of each arrear and the Annual Income Statement”.

These instructions have been reiterated vide this office OM No. CPAO/Tech/Banks Performance/2015-76/60 dated-14.06.2 015 followed by OM No. CPAO/ IT& Tech/ Banks Performance/20 !6-17 /220 dated-09.01.2017 and OM No. CPAO/ IT& Tech/ Clarification/ 13 [Vol-ltl)/2 076-77 /274 dated 31.03.2017 available on this office website www.cpao.nic.in.

Inspite of repeated instructions, it is observed that banks are still not giving the details of pension to the pensioners. Therefore, all Heads of CPPCs and Government Business Departments are once again advised to issue instructions to their branches to ensure that all pensioners are provided break up of payments made to them without fail.

This issues with the approval of Competent Authority.

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(Md.Shahid Kamal Ansari)

(Asstt. Controller of Accounts)

Authority: http://cpao.nic.in/

Key Points Of Union Budget 2018-19

Union Budget Highlights 2018-19

• No changes in income tax slabs or rates: Finance Minister
• Personal Income Tax rates unchanged; Rs. 40k standard deduction in lieu of present exemption: FM
• Senior citizens can claim benefit of reduction Rs. 50,000/ year w.r.t any general health expenditure and health insurance premium: FM
• Rs 40,000 standard deduction to salaried people: FM
• Companies with turnover of upto Rs. 250 cr to be taxed at 25%: FM
• Made many positive changes in personal income tax rates in the past years; no change in Income Tax slabs this year : FM Arun Jaitley
• 100% tax deduction for first five years to companies registered as farmer producer companies with a turnover of Rs. 100 crore and above: FM
• 12.6% growth in direct taxes in 2017-18; 18.7% growth in indirect taxes in 2017-18: Finance Minister
• Revised fiscal deficit estimate for 2017-18 is 3.5% of GDP, fiscal deficit of 3.3% expected for 2018-19: FM
• MP salaries to be revised with effect from 1 April, 2018. It will increase every 5 years indexed to inflation: FM
• Emoluments of President to be revised to Rs 5 lakh per month and emoluments of Vice-president to be revised to Rs 4 lakh per month: FM
• Rs 80,000 crore disinvestment target for 2018-19; target for 2017-18 exceeded and will reach Rs 1 lakh crore: FM
• Regional Connectivity Scheme ‘UDAN’ shall connect 56 unserved airports and 31 helipads in the country: FM
• Mission on cyber space will be launched in support of establishment of centres of excellence: FM
• Railway stations with more than 25,000 footfalls will have escalators, trains will have WiFi and CCTV services: FM
• Ujjwala Yojana helped millions of poor get free LPG connection: FM
• Redevelopment of 600 major railway stations taken up; Mumbai transport system being expanded; suburban network of 160 km planned for Bengaluru: FM
• Cleaning of river Ganga is of national importance, have sanctioned 187 projects under Namami Gange scheme: FM
• Mass formalisation of MSME sector is happening after demonetisation and GST: FM
• Govt will contribute 12% of wages of new employees in EPF for all sectors for the next 3 years: FM
• 76% of loan accounts are of women and more than 50% belong to SC, ST and OBC under the Mudra Yojana. Rs 3 lakh crore will be lent under Mudra Yojana in 2018-19: FM
• 24 district level colleges will be upgraded: FM Arun Jaitley
• Air Pollution in Delhi NCR is a cause for concern, special scheme will be implemented to support Govts of Haryana, Punjab, UP and Delhi NCT to address it and subsidize machinery for management of crop residue: FM
• Govt plans to construct 2 crore more toilets under swachhbharat Mission: Finance Minister
• Govt. to initiate integration of B.Ed programme for teachers; Centre to start Eklavya schools for ST population: FM
• Govt to subsidise removal of crop residue to tackle problem of pollution due to burning of crop residue: FinMin
• Govt to set up fishery & aquaculture infrastructure fund; also to set up animal husbandry infrastructure fund with a total corpus of Rs. 10,000 crore
• Finance Minister Arun Jaitley presents Budget 2018 in Parliament
• MSP of crops shall be increased to 1.5 times that of the production cost: FM Arun Jaitley in LokSabha
• Manufacturing sector is back on growth path; Exports are expected to grow by 15% in 2017-18 : Finance Minister
• With the introduction of the GST, the indirect tax system has been made simpler: FM
• We pledged to give India an honest and clean govt; we promised to reduce poverty and create strong and New India: FinMinIndia
• Govt has successfully implemented series of structural reforms as a result of which India is one of the fastest growing economies of the world
• FDI has gone up and it is easier to do business in India; Indian economy is now a 2.5 trillion economy: FinMin
• We hope to grow at 7.2% – 7.5% in second half of 2017-18; We are on track to grow at 8% and good governance is our priority: FM