Retirement Age 62 - Proposal for raising Retirement Age to 62 waits for Cabinet Nod

Retirement Age 62 - Proposal for raising Retirement Age to 62 waits for Cabinet Nod

Proposal for raising Retirement Age to 62 waits for Cabinet Nod

We have heard it so many times . Every one of us got tired of hearing this rumour again and again. But this time this news may not fade away just as a rumour.

Because the series of events that had happened until now listed below are telling that it will be come true soon.

1. Though there is no any demand from any corner to raise the retirement age of central government employees to 62 years, a parliamentary panel has recommended a proposal to increase the retirement age of government servants to 65 years. The report of the standing committee of Parliament on social justice and empowerment tabled in the Parliament on 7th of this month. Ample justification also was given for their recommendation to increase the retirement age.

2. A reliable source close to a Cabinet Minister told that, the Cabinet Minister himself, while addressing to the Trade Union Wing of his party told ‘the Central Government would announce some important decisions in respect of central government employees within a week or two. This will be good news for all the central government employees.’

3. A close ally of a Central Minister told that, in a meeting held with the leaders of the state unit of his party day before yesterday, the Minister told the Leaders ‘a proposal of increasing retirement age of central government employees to 62 years has been waiting for Cabinet nod. It is expected that the cabinet will clear this proposal within a week. After it gets the Cabinet Nod, the formal announcement will be made by Central Government before the Election announcement.’

The above information clearly indicates that some Good News for central Government Employees are waiting to be announced within a week or two. All the central government employees know what that good news is!

 The expected good news will be either increasing retirement age or Merging 50% DA with Basic Pay or Both!

Source: www.gservants.com

[http://www.gservants.com/2014/02/17/proposal-raising-retirement-age-62-waits-cabinet-nod/]

Filing I-T return? Don’t ignore income from other sources

The current financial year is going to end soon and then it will be time to file your I-T return. However, before you do this, you should remember that there are various heads under which you need to file your income tax return. Income from salary, income from house property, income from profession & business, and income from capital gains are the main heads under which you show your earnings. But there still remain some kinds of income which are not categorized under either of these heads.


"Some of these are fully taxable, without any exemptions available. All such incomes fall under a different head, called 'Income from other sources'. In simple terms, this includes all such incomes which cannot be categorized as either salary, property or business income. Do remember that missing out any information on this can lead to imposition of penalty under the Income Tax Act," says Jitendra P.S. Solanki, a SEBI-registered investment adviser and founder of JS Financial Advisors.

However, before any income can be categorized as 'income from other sources', it has to meet a certain precondition which states that "the income should not be exempted under provision of this act and such income should not be chargeable to tax under any other head, viz., 'income from salary', 'income from house property', 'profit and gains of business & profession' and 'income from capital gain'. If it satisfies this condition, you will have to show it under 'income from other sources'. Let's look at some of such incomes:

1. Winning from Lotteries, Crossword Puzzles, Horse Races and Card Games: Any income you derive from the winning from lotteries, crossword puzzles, races including horse races, card games and other games of any sort (for instance, income from Kaun Banega Crorepati), gambling or betting of any form or nature whatsoever is chargeable to tax under this head. "All such incomes are fully taxable as no deduction in respect of any expenditure or allowance is allowed. The tax rates applicable to these incomes are 30% (cess of 3%) irrespective of the taxability of individual," informs Solanki.

2. Gifts of Money From Unrelated Person: Any sum of money (in excess of the prescribed limit of Rs 50,000) received without consideration by any individual is chargeable to income tax in the hands of the receiver. According to Section 56(2), the gifts not only include money from unrelated person, but also the gift of property or property acquired for inadequate consideration. Foreign/NRE gifts are also covered in this section.

3. Dividend Income: Since dividends from a domestic company and mutual funds are exempted from tax, only dividends received from a foreign company are taxed. However, dividend is defined clearly under Sec 2(22), which states that it also includes debentures issued to shareholders and bonus shores allotted to preference shareholders along with distribution in case of liquidation of a company.

4. Interest on Securities: Interest income by way of investment in securities is chargeable under this head. There is no specific definition of security given by income tax, but if we look at the general meaning, then a security is an acknowledgement of a debt or claim, which is secured. Bonds, Central or state government securities, debentures issued by companies or local authorities are secured debts and hence fall under this category.

"Here also the income earned through investment in securities is taxed at a special rate of 30% (cess 3%) irrespective of one's income tax slab. However, one has an option of paying tax either on receipt basis or accrual basis. But an assesse should be following the same accounting system in all his income," says Solanki.

5. Pension Received by Legal Heirs of Deceased: After the death of an employee, any pension received by legal heirs is taxable under the head 'Income from other sources'. However, as per Sec 57, legal heirs can claim standard deduction of 33 1/3% or Rs 15000 whichever is less.
There are also other incomes which generally do not fall under the other four heads of income and so they get chargeable to income tax under this head.

Here are some of them:

Insurance Commissions, Interest on Bank deposits/deposit with companies, Interest on loans, Interest received on unrecognized PF, Rent from a vacant piece of land, Interest received on delayed refund, Some perquisites to the director of a company.

You should remember that all such income, even if minuscule in nature, is subject to income tax, and therefore need to be included in your ITR form.

Source : The Economic Times

Five things to know about National Savings Certificate

1) The National Savings Certificate (NSC) is eligible for tax deduction under Section 80C for an investment of up to Rs 1 lakh. One can invest in five- or 10-year NSCs.

2) The interest on the NSC is fixed in April every year. The current rate is 8.5% for five years, and 8.8% for 10 years.

3) The interest accumulated every year can be deducted from Rs 1 lakh investible in that year for saving tax, as it is considered to be invested for this purpose.

4) The interest is taxable, but since it can be reinvested as part of Section 80C investment, it makes NSC an attractive option.

5) Investors have to keep an account of the interest received each year and ensure that the overall investment, including the interest, is in the Rs 1 lakh limit.

(Content courtesy: Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre and Arti Bhargava.)

Source :The Economic Times

What is Windows XP end of support?

Microsoft has provided support for Windows XP for the past 12 years. But now the time has come for us, along with our hardware and software partners, to invest our resources toward supporting more recent technologies so that we can continue to deliver great new experiences.  As a result, after April 8, 2014, technical assistance for Windows XP will no longer be available, including automatic updates that help protect your PC. Microsoft will also stop providing Microsoft Security Essentials for download on windows XP on this date. (If you already have Microsoft Security Essentials installed, you will continue to receive anti-malware signature updates for a limited time, but this does not mean that your PC will be secure because Microsoft will no longer be providing security updates to protect your PC.)

If you continue to use Windows XP after support ends, your computer will still work but it might become more vulnerable to security risks and viruses. Also, as more software and hardware manufacturers continue to optimize for more recent versions of Windows, you can expect to encounter greater numbers of apps and devices that do not work with Windows XP

SANCHAY POST KNOW ISSUES & PATCHES

Error Description	Patch file
from Google drive :   Download all in one
Primary key violation error in Regeneration of files for SO form in online module at HO	DBDE_RegSO
Difference in live accounts data between DET and DBAnalyzer	DETFile
Primary key violation error in Project Arrow forms in online module	PA_Forms
Primary key violation error in RD - Account Close by BO form in online module	RD_BO
Availability of multiple signatures for a single account	Signature
NREGAEMO database error while logging into online module / invalid user 'nrega' in DBAnalyzer	Upd_Nrega_User
Unable to update common form number error in online module	Update_Cmnform
Cannot alter previous day’s transactions error in SOSB module	Update_Cons
Longer time taken for processing of forms in online module	Update_DB
Data entry module could not be opened due to wrong password	Update_DE
Run patch for NSC / KVP error while issuing / discharging certificates in online module	Update_Fresh
Database tampered - Rows conflict error in negative list updation	Update_NL_Fresh
NREGS tables are not available in POST / SO databases	Update_NR_Tables
NREGS job card renewal to be performed	Update_NREGS
Invalid pincode error while discharging certificates in online module	Update_Patram_Details
Primary key violation error (pending status) in RD deposit form	Update_Pending
Forms pending error during day end even though no forms are pending for authorisation	Update_Pending_DayEnd
Primary key violation in ‘account open through agent’ table  while performing RD bulk posting	Update_PK
Invalid object name error while viewing Agent reports	Update_Report
Stored procedures missing in POST / SO databases and Error while viewing passbook for RD accounts	Update_SP
Patch cannot be run from client system while running 'Patch for SPUser' during fresh installation	Update_SQL2008
Missing tables in POST / SO databases	Update_Tables
Database tampered error in negative list updation	Update_Trigger
Form 'Regeneration of files for HO' missing in online module in SOs	Upg_SOForms
Form ''Re-generation of files for S.O' missing in online module in HO	Upg_HOForms
Form 'MIS - Excess Withdrawal' missing in online module in HOs	Upg_MIS_EW
Form 'RD - Account Close BO only' missing in online module	Upg_RD_BO
Form 'Ledger Corrections' missing in online module	Upg_Form_LC
Login failed for user 'Arrow' error	Arrow
Email issues related to this software to : sblansupport@hotmail.com

Source : http://tamilnadupost.nic.in/sdc/adnl.htm

Indian Railway Zones and their Headquarters

Indian Railway Zones and their Headquarters

 1. Northern Railway--Delhi
 2. North Eastern Railway--Gorakhpur
 3. Northeast Frontier Railway--Maligaon(Guwahati)
 4. Eastern Railway--Kolkata
 5. South Eastern Railway--Kolkata
 6. South Central Railway--Secunderabad
 7. Southern Railway--chennai
 8. Central Railway--Mumbai November
 9. Western Railway--Mumbai November
10. South Western Railway--Hubli
11. North Western Railway--jaipur
12. West Central Railway--jabalpur
13. North Central Railway--Allahabad
14. South East Central Railway--Bilaspur
15. East Coast Railway--Bhubaneswar
16. East Central Railway--Hajipur
17. Kolkata Metro--Kolkata

Google working on offering 10 gigabits per second Internet speed

Currently, Google Fiber service offers data speeds of 1 gigabit per second, and the search giant is working on technology to provide faster data transfer speeds.

Google is reportedly working on offering data transfer speeds of 10 gigabits per second as part of its project to develop ‘next generation’ of the Internet.

Currently, Google Fiber service offers data speeds of 1 gigabit per second, and the search giant is working on technology to provide faster data transfer speeds.

Google’s Chief Financial Officer, Patrick Pichette, said that the project was part of the search giant’s broader, long-term obsession with speed, USA Todayreports.

According to the report, faster speeds would increase the use of software as a service because users would be able to trust that critical applications that are data intensive would run smoothly over the Internet.

Mr. Pichette said that Google is trying to make the technology available in three years.

The report said that Google is not the only one working on this technology as last year, researchers in the UK announced that they achieved data transmission speeds of 10 gigabits per second using “li-fi“ — a wireless Internet connectivity technology that uses light.

Source : The Hindu

Head quarters of UN Agencies &Other Organisations

1.Food and Agricultural Organisation (FAO) —Rome
2. International Labour Organisation (ILO) —Geneva
3. World Health Organisation (WHO) —Geneva
4. World meteorological Organisation (WMO) —Geneva
5. International Telecommunication Union (ITD) —Geneva
6. International Monetary Fund (IMF) —Washington D.C.
7. International Finance Corporation (IFC) —Washington D.C.
8. International Bank For Reconstruction and Development (IBRD) or World Bank —Washington
9. International Civil Aviation Organisation (ICAO) —Montreal (data by http://goo.gl/8a2rgq)
10. United Nations Educational Scientific and Cultural Organization (UNESCO) —Paris
11. United Nations International Children's Emergency Fund (UNICEF) —New York
12. Inter-governmental Maritime Consultative Organisation (IMCO) —London
13. International Atomic Energy Agency (IAEA) —Vienna(data byhttp://goo.gl/8a2rgq)
14. United Nations Industrial Development Organizations (UNIDO) —Vienna, (Austria)
15. United Nations Fund for Population Activities (UNFPA) —New York
16. United Nations Development Programme (UNDP) —New York(data by http://goo.gl/8a2rgq)
17. United Nations High Commissioner for Refugees (UNHCR) —Geneva (Switzerland)
18. United Nations Environment Programme (UNEP) —Nairobi (Kenya)
19. Universal Postal Union (UPU) —Berne (Switzerland)

Facebook Album Downloader: Download an entire Facebook Album easily

Facebook is one of the most popular social networking website presently. Despite being a ubiquitous platform for sharing photos on the web, Facebook still has a few crippled features. One very important feature missing from Facebook is a method to download entire photo albums. While one can always download the pictures from Facebook one by one, it certainly won’t be feasible when you want to download hundreds of your photos. Fortunately there are many third-party applications which can help you in this.

Download Facebook Album Photos

Facebook Album Downloader is such an easily accessible piece of software which helps you download entire photo albums from Facebook, with the least amount of effort. It is a Java-Based application with a user-friendly interface.

Use Facebook Albums Downloader

           To use the Facebook Albums Downloader you first need the Facebook tokens which can be obtained by logging into your Facebook account using http://fad.eu5.org. The program then displays a long string of characters.

·         Copy the string and open the Facebook Albums Downloader. Paste the string of characters and click on ‘All Set’.

      You will now see all your Facebook friends’ thumbnails. You can select a friend whose albums you want to download by clicking on his/her thumbnail picture. The program also shows the preview of your albums, making the selection easier.

·         If you want to download your own albums; click on your image and move to ‘Albums’. Select the album from drop-down list and click on ‘Download’. The download speed depends on your internet speed and the size of your Facebook album.

              The ‘Downloads’ tab shows the current albums downloading in your PC. If it shows you download stack is empty, that means the pictures are already downloaded and saved in your system. The downloaded album is saved in the default output location in your PC.

Overall. Facebook Albums Downloader is an easy way to download your and your friends’ entire Facebook photo album with minimal efforts. While writing about the Facebook Album Downloader I realized that any of your Facebook friends can now download your entire photo album. Thus one should be very careful while setting the Facebook Privacy or while adding unknown people on your Facebook friends’ list. 

Facebook album downloader

You can download Facebook Albums Downloader here. You require an internet connection and Java 1.4 or higher to run this application.