Thursday, December 31, 2015
Wednesday, December 30, 2015
Government to Increase Maternity Leave from 12 to 26 weeks
Government to Increase Maternity Leave from 12 to 26 weeks
The Ministry of Labour is expected to amend the Maternity Benefit Act, 1961, which presently entitles women to 12 weeks of maternity benefit whereby employers are liable to pay full wages for the period of leave.
Government to Increase Maternity Leave from 12 to 26 weeks – The International Labour Organisation recommends a minimum standard maternity leave of 14 weeks or more.
The union government is set to increase the maternity leave for women employed in private firms from the existing 12 weeks to 26 weeks.
Women and Child Development Minister Maneka Gandhi Monday said the Ministry of Labour has agreed to increase maternity leave to six-and-a-half months. “We had written to the Labour Ministry asking that the maternity leave be extended taking into account the six months of breastfeeding that is required post childbirth. The Labour Ministry has agreed to increase it to six-and-a-half months,” said Maneka.
The Ministry of Labour is expected to amend the Maternity Benefit Act, 1961, which presently entitles women to 12 weeks of maternity benefit whereby employers are liable to pay full wages for the period of leave.
Officials of the WCD Ministry said they will push for extending the leave to eight months, or 32 weeks, for women employed in both private and government sectors.
But WCD officials said the Labour Ministry has expressed reservations about increasing the maternity leave any further as they perceive that doing so will adversely affect the employability of women.
“The Labour Ministry has decided on six-and-a-half months following meetings with various stakeholders. We, however, feel that eight months of maternity leave — for women in government as well as private sectors — is required. We will move a note to the Cabinet Secretariat in this regard. Six months of exclusive breastfeeding is very important to combat malnutrition, diarrhoea and other diseases in infants and to lower infant mortality rate,” said a WCD official.
The International Labour Organisation recommends a minimum standard maternity leave of 14 weeks or more, though it encourages member states to increase it to at least 18 weeks. At 26 weeks, India is set to join the league of 42 countries where maternity leave exceeds 18 weeks. It, however, falls behind several East European, Central Asian and Scandinavian countries, which have the most generous national legislation for paid maternity leave.
Women employed in government jobs in India get a six-month maternity leave as per the Central Civil Service (Leave) Rules 1972. The last circular in this regard was issued in 2008, when it was increased from four-and-a-half months. If the WCD Ministry’s recommendations to the Cabinet Secretariat are accepted, the Department of Personal & Training will have to issue orders to enhance it to eight months.
Moreover, women government employees are allowed to take childcare leave of up to two years in phases at any point till their child turns 18 years old. The Seventh Pay Commission recently recommended that only the first 365 days of leave should be granted with full pay, while the remaining 365 can be availed at 80 per cent of the salary. But Maneka recently petitioned Finance Minister Arun Jaitley against the proposal, terming it a regressive step at a time when women are trying to become more economically independent.
“Women in India need longer maternity leave in absence of any support in parenting from men. It should not be seen as a deduction in labour hours but as a long-term investment from the future economic point of view. This is in addition to the fact that women need long maternity leave to recuperate and invest in child care,” said Ranjana Kumari, director of the Centre for Social Research.
She added that a recent analysis of the Maternity Benefit Act by CSR for the National Commission of Women showed that discrimination against pregnant women was widely prevalent in the corporate sector in the country.
Bhartiya Postal Employees Association
GROUP – C Nilgiri Division
Advance Copy.
From
Divisional Secretary
BPEA Group-C
Nilgiri Division
Udagamandlam HPO-643001.
To
The Postmaster General
Western Region,
Coimbatore-641002.
Through: the
Proper Channel
Respected
Madam,
I humbly submit the following
subject for your kind notice.
1. The
Udagamandalam HPO toilet are Blocked past few Years .The staffs have been suffering a lot Kindly
Intervene our humble request and do needful
in this work. Kindly advise the proper authorities and expedite the
work.
2. Few Postal assistant quarters are
allotted to Postman and MTS Staff in Bombay Castle .
3. Timely Period Non –Sanction the
advance of Postal Assistant for going to deputation and training.
4. One additional Postal assistant is posting
of the following Double handed Post Offices.
Because this office are more
work loaded Offices.
a)
Pandalur S.o
b)
Stone House Hill S.O
c)
Paster Instotute S.O
d)
Melur Nilgiri S.O
e)
Finger Post S.O
Our
Union is humble request is to kindly look into the above subject and rectifying
action may be taken Madam.
Thanking You,
Date:29.12.15. Yours
Sincerely,
Bhartiya Postal Employees Association
GROUP – IV Nilgiri Division
Advance Copy.
From
Divisional Secretary
BPEA P-IV
Nilgiri Division
Udagamandlam HPO-643001.
To
The Postmaster General
Western Region,
Coimbatore-641002.
Through: the
Proper Channel
Respected
Madam,
I humbly submit the following
subject for your kind notice.
1.
Junior Most postman is posted to head postman at
Coonoor R.S S.O.,not considering the senior Postman request.
2.
Newly recruitment MTS is posted at Gudalur Sub
Division ,not considering the already given transferred requests.
Our
Union is humble request is to kindly look into the above subject and rectifying
action may be taken Madam.
Thanking You,
Date:29.12.15. Yours
Sincerely,
Sunday, December 27, 2015
Sagayam as CM candidate sparks debate
Some feel that no single person can bring about a change, while others say it depends on how they shape their agenda.
“We are all waiting for the second coming of Jesus; but instead of the Holy Cross he will hold the hammer and sickle.” So ends Indira Parthasarathy’s novel Yesuvin Thozharkal (Comrades of Jesus) — a piece of dialogue that underscores how even a Jesus-like saviour may need an ideology.
The ‘Messiah syndrome’ may have disappeared even in Eastern Europe, but it seems to have caught the imagination of a small section of the people in Tamil Nadu which is seeking to project U. Sagayam, an IAS officer with a reputation for honesty and integrity, as the State’s saviour.
This group has been conducting a vigorous campaign, particularly on social media, promoting Mr. Sagayam as a potential chief ministerial candidate for the 2016 Assembly polls. The IAS officer is presently in the news for probing the multi-crore granite mining scandal in Madurai on the orders of the Madras High Court.
Expectedly, the campaign and Mr. Sagayam’s silence about it has evoked criticism. Some observers have dubbed it as a “juvenile” effort by those feeling let down by the politicians.
Ramu Manivannan, professor of political science, University of Madras, said, “No single person, however great he may be, will be in a position to bring about a change. On the contrary, we should build and project a system operated collectively by committed individuals.”
There were many honest officers and making all of them Chief Ministers of the State would not solve the problem. “We should not forget we need good people in all spheres of administration,” he summed it up.
However, former bureaucrat M.G. Devasahayam feels, “Mr. Sagayam has evolved as a concept and symbol of the Tamil Nadu people’s disenchantment with political parties that have lost credibility when it comes to governance and corruption.”
Rejecting the argument that only a party with an ideology and agenda could herald a change in the Indian political system, Mr. Devasahayam said, “What do you mean by ideology? Except the concept of social justice, which political party is wedded to an ideology? You must also keep in mind that till the enactment of the anti-defection law, the Constitution in its spirit never recognised a political party. Jayaprakash Narayan’s movement represented grass-root level democracy.”
Asked whether an IAS officer could make a difference as a politician, former Chief Vigilance Commissioner N. Vittal said it depended on how such people shaped their agenda. “(Some in) Tamil Nadu seems to be interested in emulating the Delhi model, where a government servant has become Chief Minister. Of course, Mr. Sagayam has a track record,” said Mr. Vittal.
In the past, a civil servant, H.M. Patel, had served as Finance Minister in the Morarji Desai Cabinet. “An ICS officer, Patel built 25 educational institutions, and began his political career at the panchayat level. Fortunately, he also lived long to enjoy a great political career,” Mr. Vittal said.
Tatkal bookings’ charges increased from December 25
The Railways have increased the reservation charges for Tatkal tickets. The revised rates will come into effect from December 25 onwards.
According to a press release from the Railways, The maximum reservation charges for sleeper class under the Tatkal scheme has been increased from Rs.175 to Rs.200. The minimum charges have been increased from Rs.90 to Rs.100. The maximum and minimum charges will depend on the distance to be travelled.
The maximum reservation charges for A.C. Third Class, has been increased from Rs.350 to Rs.400. The minimum charges have been increased from Rs.250 to Rs.300. For the Second Class A.C., the maximum Tatkal reservation charges have been increased to Rs.500. The minimum charges have been increased to Rs.400. There are no changes of rates for the Second Class Seating coaches.
Friday, December 25, 2015
DOPT exempted the parents of differently abled children from the mandatory transfers
Key initiatives of the Department of Personnel & Training (DoPT)
YEAR ENDER 2015
The Department of Personnel and Training (DoPT) has taken various initiatives during the year 2015. These initiatives aim at working in the direction of larger public interest and to establish accountability and transparency.
In a landmark decision, the Government scrapped Interviews for recruitment to lower posts wherever it could be dispensed with. This was followed by the Minister of State for Personnel, Public Grievances and Pensions Dr. Jitendra Singh writing D.O. letters to Chief Ministers of all States in September to take the lead in carrying forward this initiative with respect to State Government jobs.
The discontinuation of interviews will not only be in larger public interest but would also offer a level playing field and benefit youth hailing from the lower socio-economic strata. Interviews will be dispensed with for all Group C and Group D posts which are now reclassified as Group C posts. Interview would also be discontinued for non-gazetted posts of Group B category. The process of doing away with interview for these posts will be completed by 31.12.2015. In those cases pertaining to non-gazetted Group B posts and Group C & D posts, where Recruitment Rules specify the process of selection which includes conduct of interview, the Ministries/authorities concerned will take necessary steps to carry out the requisite amendment to the Recruitment Rules immediately. Necessary directions have also been issued to the Staff Selection Commission in this regard.
In a big relief to the common people, the DoPT discontinued the practice of submission of affidavit by the family members of deceased Government employees for the appointment on Compassionate grounds. Now they are required to submit self-declaration at the time of applying for compassionate appointment. It will ensure fast process of compassionate appointment and help family members of deceased Government employee immensely.
For the first time in the history of the Indian Administrative Service (IAS), the Officers of 2013 batch of IAS were posted as Assistant Secretary in the Central Secretariat for a period of three months. Exposure to Central Government functioning will provide insight into policy formulation at the Centre to these officers. These officers left for their field posting with a macro picture of such policies which will help them in effective implementation of the schemes keeping citizen at the centre.
In another novel initiative, the DoPT has started Yoga camps for the Central Government employees and their dependents. The Yoga training sessions are conducted in 29 locations (26 Samaj Sadans of Grih Kalyan Kendra and 3 other places) in Delhi and 12 Samaj Sadans of Grih Kalyan Kendra outside Delhi. Approximately 1900 individuals are benefiting from this scheme per day. With this initiative, the employees would be able to de-stress themselves and also take control over various lifestyle diseases like obesity, hypertension, Hyperglycemias etc. The healthy & happy employees would be able to perform more effectively in their office work.
The Department has also started an innovative scheme for the training of the cutting edge level employees of the State Governments. In the first phase, masters trainers are being trained by the ATIs in collaboration with DoPT. These trainers will impart training to the field level employees. Emphasis of the training will be on citizen centricity. Pilot projects had been started in Maharashtra, J&K and Tamil Nadu. It has now been extended in other States. Training will bring an attitudinal change in these employees which in turn will result in increased citizen friendly environment in the field offices.
DOPT also exempted the parents of differently abled children from the mandatory transfers so that they can take proper care of their differently abled child. This move will ease the pain of these parents and ensure care and upbringing of these children.
A weekly one hour in-house training programme for its employees was started. Three modules of the training programme have been completed and the fourth module is currently running. The employees are imparted up-to-date information on various aspects of day to day work in the office. This gives an opportunity to the employees to clear their doubts and the input given in the session is found very useful for them in discharging their duty more accurately, efficiently and effectively. This has speeded up the rate of disposal of work and the ultimate beneficiary of the same are the citizens.
The scheme of interaction of Officers with School Students has been launched in which the Officers of Government of India visit Schools and share their experiences with the School Students. As a pilot, the Senior Officers of DoPT have visited Kendriya Vidyalayas in Delhi and interacted with the students. The interaction of Senior Officers with School Students will have a long lasting impact on their impressionable minds. They will also get a glimpse of the functioning of the Government.
No proposal to do away with the existing procedure of Submitting annual life certificate
There is no such proposal to do away with the existing procedure of Submitting annual life certificate by the pensioner to renew their pension payment.
Department of Pension & Pensioners Welfare has implemented an online system called ‘BHAVISHYA’ for retiring Central Government Civil employees. The system provides for on-line tracking of pension sanction and payment process. Tracking can be done by the individual as well as the administrative authorities for all actions preparatory to grant of pension and other retirement benefits. Facility also exists for tracking payment of subsequent monthly pension. This is in line with the priorities of Government to ensure transparency and accountability in systems and processes.
At present, Bhavishya is implemented in main Secretariat of 83 Ministries/Departments & 23 attached offices involving 794 DDOs. This Department has also given on-site training to all the Drawing Disbursing Officers/Head of Offices/Pay & Accounts Offices and the dealing hands of main Secretariat of all the Ministries/Department.
This was stated by the Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office Dr. Jitendra Singh in a written reply to a question by Shri Satav Rajeev & others in the Lok Sabha on 24th December 2015.
People new to city still prefer postal ID cards
CHENNAI, December 24, 2015
EFFORTS ON TO MAKE CARD VALID PROOF FOR PASSPORT
Identity cards issued at post offices continue to be popular with people who have recently shifted to the city. On an average, post offices receive 4,000 applications for ID cards every month.
The cards are used to open bank and postal accounts, get LPG connections, ration cards and driving licences. However, residents demand that the cards used for address proof must be delivered soon. “Many people who migrated from north-eastern states apply for the cards. But, we do not provide cards to people who do not have proper accommodation. We ask for authorisation letter from house owners and our postal staff members also go on a verification drive,” said a postal official.
It is also an accepted ID proof to produce during train travel. Sources in the Transport department said they accept postal ID cards as an address proof document. But, the applicant also has to attach an affidavit as it is not listed as accepted document in the government procedure.
Efforts are on to have postal ID cards accepted as a valid document to get passports.
Since the launch of the service in 2008, nearly 3.5 lakh cards have been issued in Chennai city region. Customers need to pay Rs.270 to get ID cards and Rs.600 under tatkal system.
The card is valid for three years. While cards applied under tatkal process are delivered in a fortnight, customers complain that they have to wait for more than a month under the regular process.
A consumer activist said the service needs to be popularised in suburban areas. “The department must also introduce a system to alert customers about expiry of the validity period. The procedure to renew the card must be hassle free and done at a less cost,” he said. Officials said the cards are now delivered through registered posts.
Govt. considering gratuity for NPS subscribers
Central Govt. is considering payment of gratuity for employees who joined Central Govt. service after 31.12.2003 and covered under National Pension System (Popularly known as New Pension Scheme). Till now they are not covered under the existing gratuity scheme. Only in exceptional cases like death in service, retirement on invalidation etc., provisional gratuity is being paid vide order dated 05.05.2009 as an additional benefit.
Minister of State for Finance, Mr Jayant Sinha informed in parliament that Govt. is considering the benefit of gratuity to extend for the NPS subscribers too.
Rural post offices will soon get digitally connected
NEW DELHI: The communications and IT ministry is set to a launch a slew of schemes on December 28 that will seek to digitally connect rural post offices across the country and enable core banking facilities at 12,000 other post offices.
The ministry will also announce a programme to set up over 1,000 ATMs in three months for the convenience of post office savings bank customers.
Communications and IT minister Ravi Shankar Prasad will launch the schemes to mark the 'Good Governance Day'.
The ambitious project to digitise all transactions made by postmen in rural India will include equipping branch postmasters with solar powered, biometric hand-held devices.
It will be launched at three pilot circles in Uttar Pradesh, Bihar and Rajasthan. A senior government official told ET that the Good Governance Day will hence be a critical date for the government to measure its success in digitising governance and for setting new digitisation goals. The official said the government's attempt to mark the day on December 25 last year had become controversial and it was thus decided to shift it to December 28. "By March 2017, 1.30 lakh hand-held devices will be made available across rural branch offices. This instrument will revolutionise lives of people across villages," the official said.
Booking and delivery of Speed Post, registered mail, money orders, sale of stamps and postal stationary will be done through these devices and paper receipts will be generated instantaneously, the official said. "All financial transactions shall also be reconciled immediately and cash on delivery amount collected in the village will be immediately credited to the account of e-commerce company," the official said.
These devices will also facilitate biometric authentication of social security beneficiaries at the time of pay-out, "reducing leakage in the scheme", the official said.
The postal department has clocked revenue of Rs 980 crore in 2015 through cash on delivery and the figure is likely to cross Rs 1,500 crore by the end of the current financial year, the official said. The postal department has also set up 57 integrated state-ofthe-art parcel centres for booking, processing and delivery of ecommerce parcels.
The official said the postal department has this year offered more than 57,000 policies under the PM Suraksha Bima Yojana, PM Jeevan Jyoti Yojana and Atal Pension Yojana to post office savings bank account holders.
Wednesday, December 23, 2015
Lok Sabha passes Bonus Bill; benefits to accrue from April 2014
Tuesday, 22 December 2015 - 9:00pm IST | Place: New Delhi | Agency: PTI
The Lok Sabha on Tuesday passed a bill allowing doubling of wage ceiling for calculating bonus to Rs 7,000 per month for factory workers with establishments with 20 or more workers, with the benefits being applicable retrospectively from April 2014.
The Payment of Bonus (Amendment) Bill, 2015, was passed by a voice vote, with some members objecting to the raising of eligibility limit for payment of bonus from a salary of Rs 10,000 per month to Rs 21,000.
Replying to a debate on the legislation, Labour Minister Bandaru Dattatreya said the Government has ensured that the interest of workers are protected and there is no infringement on their rights.
"Because of Bihar Elections this bill got delayed... The Prime Minister spoke to me and asked why should the benefits of this Act should accrue to workers from 2015. It should be made available from the April 2014," he said while moving an official amendment to the Bill.
The official amendment provides that the benefits of the Act would be deemed to have come into force on April 1, 2014, instead of April 1, 2015. Dattatreya said the Ministry has held 21 tripartite meetings with all central trade unions while arriving at a decision.
The Bill provides for enhancing monthly bonus calculation ceiling to Rs 7,000 per month from the existing Rs 3,500. It also seeks to enhance the eligibility limit for payment of bonus from Rs 10,000 per month to Rs 21,000 per month.
"The Government's paramount intention is to safeguard the interest of workers... There is no infringement of workers' rights and whatever the government does will be in the interest of workers," Dattatreya said.
After the bill was passed, Deputy Speaker M Thambidurai, who was in the Chair, said the government should be congratulated for bringing the measure as also for effecting the benefits retrospectively.
Terming the legislation as historic, Dattatreya said the outgo from government coffers would be about Rs 6,203 crore.
The Minister said the Bill would benefit crores of organised sector worker. He said unorganised sector constitute 93 per cent of the workforce or about 40 crore people.
Participating in the discussion, Mumtaz Sanghamita (TMC) said "it will benefit vast majority of poor workers. Bonus is the thing which is extra and over regular pay". She, however, wanted to know whether the increase in ceiling was commensurate to the inflation rate.
M Srinivas Rao (TDP) observed that labour laws in India were very weak and government should ensure safety and security for workers.
K Visheweshwar Reddy (TRS) said the sharp cut off of Rs 21,000 per month was flawed and added that contractual workers in factories are overworked and underpaid.
Sankar Prasad Datta (CPI-M) too echoed similar views saying that Rs 21,000 per month ceiling should not be there. Jaiprakash Narayan Yadav (SP) said there should be a special provision for women workers while providing bonus.
Prahlad Singh Patel (BJP) asked the government to fix a minimum ceiling and not the maximum one. "We can also think of linking it with the Pay Commission, so that we do not have to come again and again to Parliament to make changes". He said bonus should not be linked to profit or losses.
The Payment of Bonus Act, 1965, is applicable to every factory and other establishment in which 20 or more persons are employed on any day during an accounting year. The last amendment to the eligibility limit and the calculation ceiling was carried out in 2007 and made effective from April 1, 2006.
This amendment in the Act to increase wage ceiling and bonus calculation ceiling was one of the assurances given by the Centre after 10 day central trade unions went on one-day strike on September 2.
RTI activists see red over SIC’s ban on postal order
Bar on use of Indian Postal Order for fee payment.
The State Information Commission’s (SIC) order that Indian Postal Orders (IPO) are not a valid mode of payment for submitting Right to Information applications has irked RTI activists.
RTI activists say the SIC’s order on December 2 dismissing a complaint against the rejection of an RTI application defeats the very objective of the legislation. The SIC held that IPOs are not a valid mode of payment under the RTI rules of the State government.
The case relates to an RTI application submitted by Shikha Chibbar of the Delhi-based Commonwealth Human Rights Initiative (CHRI) to the Home Department of the State in January. The Public Information Officer (PIO) of the department returned the application stating that the IPO attached with the application as payment of the fee was not a recognised mode of payment. Under the RTI rules of the State, the fee should be paid in cash or through bank draft or court fee stamp.
Allegation
“The SIC’s dismissal of the appeal against the return of the application is the latest instance of a trend of the SICs adding their weight to the problems that are increasingly preventing effective implementation of the RTI Act," says Venkatesh Nayak, programme coordinator, CHRI. Section 7(1) of the RTI Act permitted a PIO to reject an RTI application only by invoking the exemptions specified in Sections 8 and 9 of the Act and no other reason would be valid or legitimate, he said. The Central government and several State governments accept IPOs for fee payment, he adds.
The order issued by the Chief Information Office Siby Mathews says “there is nothing improper or illegal in rejecting the application submitted by the petitioner,” as payment of an application fee of Rs.10 by IPO is not an approved method in the State.
Director General of Prosecutions T. Asaf Ali, who was actively involved in popularising the RTI Act, says postal orders should be accepted as an approved mode of payment. Rejection of an application on such a ground will defeat the very purpose of the legislation, he said.
Source : http://www.thehindu.com/
Monday, December 21, 2015
Rules regarding quoting of PAN for specified transactions amended 
15-December-2015 19:59 IST
Rules regarding quoting of PAN for specified transactions amended
The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, the Income-tax Rules require quoting of Permanent Account Number (PAN) where the transactions exceed a specified limit. Persons who do not hold PAN are required to fill a form and furnish any one of the specified documents to establish their identity.
One of the recommendations of the Special Investigation Team (SIT) on Black Money was that quoting of PAN should be made mandatory for all sales and purchases of goods and services where the payment exceeds Rs.1 lakh. Accepting this recommendation, the Finance Minister made an announcement to this effect in his Budget Speech. The Government has since received numerous representations from various quarters regarding the burden of compliance this proposal would entail. Considering the representations, it has been decided that quoting of PAN will be required for transactions of an amount exceeding Rs.2 lakh regardless of the mode of payment.
To bring a balance between burden of compliance on legitimate transactions and the need to capture information relating to transactions of higher value, the Government has also enhanced the monetary limits of certain transactions which require quoting of PAN. The monetary limits have now been raised to Rs. 10 lakh from Rs. 5 lakh for sale or purchase of immovable property, to Rs.50,000 from Rs. 25,000 in the case of hotel or restaurant bills paid at any one time, and to Rs. 1 lakh from Rs. 50,000 for purchase or sale of shares of an unlisted company. In keeping with the Government’s thrust on financial inclusion, opening of a no-frills bank account such as a Jan Dhan Account will not require PAN. Other than that, the requirement of PAN applies to opening of all bank accounts including in co-operative banks.
The changes to the Rules will take effect from 1st January, 2016.
The above changes in the rules are expected to be useful in widening the tax net by non-intrusive methods. They are also expected to help in curbing black money and move towards a cashless economy.
A chart highlighting the key changes to Rule 114B of the Income-tax Act is attached.
Sl.
|
NATURE OF TRANSACTION
|
MANDATORY QUOTING OF PAN (RULE 114B)
| |
Existing requirement
|
New requirement
| ||
1.
|
Immovable property
|
Sale/ purchase valued at Rs.5 lakh or more
|
i. Sale/ purchase exceeding Rs.10 lakh;
ii. Properties valued by Stamp Valuation authority at amount exceeding Rs.10 lakh will also need PAN.
|
2
|
Motor vehicle (other than two wheeler)
|
All sales/purchases
|
No change
|
3.
|
Time deposit
|
Time deposit exceeding Rs.50,000/- with a banking company
|
i. Deposits with Co-op banks, Post Office, Nidhi, NBFC companies will also need PAN;
ii. Deposits aggregating to more than Rs.5 lakh during the year will also need PAN
|
4.
|
Deposit with Post Office Savings Bank
|
Exceeding Rs.50,000/-
|
Discontinued
|
5.
|
Sale or purchase of securities
|
Contract for sale/purchase of a value exceeding Rs.1 lakh
|
No change
|
6.
|
Opening an account (other than time deposit) with a banking company.
|
All new accounts.
|
i. Basic Savings Bank Deposit Account excluded (no PAN requirement for opening these accounts);
ii. Co-operative banks also to comply
|
7.
|
Installation of telephone/ cellphone connections
|
All instances
|
Discontinued
|
8.
|
Hotel/restaurant bill(s)
|
Exceeding Rs.25,000/- at any one time (by any mode of payment)
|
Cash payment exceeding Rs.50,000/-.
|
9.
|
Cash purchase of bank drafts/ pay orders/ banker's cheques
|
Amount aggregating to Rs.50,000/- or more during any one day
|
Exceeding Rs.50,000/- on any one day.
|
10.
|
Cash deposit with banking company
|
Cash aggregating to Rs.50,000/- or more during any one day
|
Cash deposit exceeding Rs.50,000/- in a day.
|
11.
|
Foreign travel
|
Cash payment in connection with foreign travel of an amount exceeding Rs.25,000/- at any one time (including fare, payment to travel agent, purchase of forex)
|
Cash payment in connection with foreign travel or purchase of foreign currency of an amount exceeding Rs.50,000/- at any one time (including fare, payment to travel agent)
|
12.
|
Credit card
|
Application to banking company/ any other company/institution for credit card
|
No change.
Co-operative banks also to comply.
|
13.
|
Mutual fund units
|
Payment of Rs.50,000/- or more for purchase
|
Payment exceeding Rs.50,000/- for purchase.
|
14.
|
Shares of company
|
Payment of Rs.50,000/- or more to a company for acquiring its shares
|
i. Opening a demat account;
ii. Purchase or sale of shares of an unlisted company for an amount exceeding Rs.1 lakh per transaction.
|
15.
|
Debentures/ bonds
|
Payment of Rs.50,000/- or more to a company/ institution for acquiring its debentures/ bonds
|
Payment exceeding Rs.50,000/-.
|
16.
|
RBI bonds
|
Payment of Rs.50,000/-or more to RBI for acquiring its bonds
|
Payment exceeding Rs.50,000/-.
|
17.
|
Life insurance premium
|
Payment of Rs.50,000/- or more in a year as premium to an insurer
|
Payment exceeding Rs.50,000/- in a year.
|
18.
|
Purchase of jewellery/bullion
|
Payment of Rs.5 lakh or more at any one time or against a bill
|
Deleted and merged with next item in this table
|
19.
|
Purchases or sales of goods or services
|
No requirement
|
Purchase/ sale of any goods or services exceeding Rs.2 lakh per transaction.
|
20.
|
Cash cards/ prepaid instruments issued under Payment & Settlement Act
|
No requirement
|
Cash payment aggregating to more than Rs.50,000 in a year.
|
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