സ്ത്രീകള്‍ എങ്ങിനെ വസ്ത്രം ധരിക്കണം എന്ന് പുരുഷന്‍ നിഷ്ക്കര്‍ഷിക്കുന്നത് ശരിയോ? അല്ലെങ്കില്‍ തിരിച്ചും?

Wednesday, July 20, 2011

IP Exam 2011 - 03 / 04.09.11 – Corrigend

With Ref to Post Dt. 15.07.11 reg IP Exam 2011 – See Pg. 1 – para 1, pl read as “It has been decided to conduct this Exam on 3rd & 4th September 2011 “ instead of “It has not been decided to conduct this Exam on 3rd& 4th September 2011“. Dte issued Corrigendum also in this regard.

Transfer & Cluster Policy to IPs / ASPs

CO issued letter to all PMsG reg fixing tenure in a Dn & in the Cluster for IP / ASPs. And also guidelines for Re-allotments, transfer requests.

CO Memo No : STA / 3-2 / 2010 Dt. 05.07.11.



Courtesy : http://tnipasp.blogspot.com

A Home for India's Philatelic Heritage


Village post office: A diorama from NPM


Lekhika: Replica of one of the earliest
depictions of letter writing in Indian culture.
From a stone carving at Konark, Orissa.
The renovated National Philatelic Museum (NPM) at New Delhi will be inaugurated on 11th July, 2011.

Postage stamps represent a steady stream of communication from a nation, espousing its views on a variety of subjects in various pictorial formats. They are described as paper ambassadors of the issuing country, and have considerable socio-cultural relevance. The National Philatelic Museum brings forward selected stamps and other philatelic material for public viewing through carefully constructed exhibits, displays and models.

A museum is a community asset. The NPM has been redesigned keeping this in view. It is an interactive space devoted to philately, the art and science of collecting stamps. Philately transforms itself into a vehicle here, one that enables the young and the old to travel through the avenues of India’s rich history, culture, national achievements and natural wealth. The Museum has bays dedicated to Mahatma Gandhi, past Prime Ministers of India and leaders of the freedom struggle. The displays also include themes like Science and Technology, Wildlife and Transport. There are glimpses of philately from other countries and displays from the Army Postal Service. There are relics, models and pictures representing postal life over the centuries.

NPM has an amphitheatre for talk shows and presentations, a reference library, a souvenir shop and an artist’s corner where stamp designers give live demonstrations.
Village post office: A diorama from NPM

The Museum, thus, will hold enough attraction for the veteran collector as well as the curious visitor. Philately, it is hoped, will come alive here, enabling people to explore, learn, get inspired and find enjoyment.

Location: At the ground floor, Dak Bhawan, Patel Chowk, Ashoka Road, New Delhi.
Timings: Monday-Friday, 10.00 AM to 5.00 PM. Visits of school groups possible on Saturdays, on request

Courtesy : http://postofficeindia.blogspot.com/

M.C. QUESTIONS ON CONSTITUTION OF INDIA FOR IPO EXAM - 1

1. Indian Republic is not the product of—
(A) Political Revolution
(B) Discussion
(C) Made by a body of eminent representatives of the people
(D) All the above

2. For the first time, British Parliament enacted which laws for the British Government to govern in India—
(A) Govt. of India Act 1857
(B) Govt. of India Act 1858
(C) Govt. of India Act 1891
(D) Govt. of India Act 1888

3. The British Secretary of the State governed India through which Institution—
(A) Executive Council
(B) Parliament
(C) Governor assisted by an Executive Council
(D) Governor General appointed by an Executive Council

4. Under the British Rule in India, Governor General was responsible to—
(A) Secretary of India
(B) Secretary of Britain
(C) Secretary of State
(D) None of the above



5. Morely-Minto reform is associated with which Act—
(A) Indian Council Act 1856
(B) Indian Council Act 1909
(C) Indian Council Act 1908
(D) Indian Council Act 1912

6. During the British rule, which community got separate representation from which Act—
(A) Christian Community & Indian Council Act 1909
(B) Buddhist Community & Indian Council Act 1907
(C) Muslim Community & Indian Council Act 1909
(D) All the above

7. During the British period, under which Act election was introduced in India—
(A) Indian Council Act 1913
(B) Indian Council Act 1909
(C) Indian Council Act 1906
(D) Indian Council Act 1907

8. Montagu-Chelmsford report is associated with which Govt of India Act—
(A) Govt. of India Act 1918
(B) Govt. of India Act 1920
(C) Govt. of India Act 1930
(D) Govt. of India Act 1919

9. When was the Indian National Congress established—
(A) 1888
(B) 1885
(C) 1889
(D) 1890

10. Under the British Rule when ‘Dyarchy Governing System’ was introduced for the first time—
(A) Govt. of India Act 1919
(B) Govt. of India Act 1929
(C) Govt. of India Act 1925
(D) Govt. of India Act 1935

11. Under the Govt. of India Act 1935, which communities were provided separate representation in the Electorate system—
(A) Sikh, Europeans
(B) Indian Christians
(C) Anglo-Indians
(D) All the above

12. Under which Government of India Act, Federation and Provincial Autonomy were introduced in India—
(A) Govt. of India Act 1935
(B) Govt. of India Act 1930
(C) Govt. of India Act 1940
(D) Govt. of India Act 1936

13. Under the British rule, how many acts came into operation—
(A) Govt. of India Act 1858, Indian Council Act 1861
(B) Indian Council Act 1892, Indian Council Act 1809
(C) Govt. of India Act 1919, Govt. of India Act 1935, Indian Independence Act 1947
(D) All the above

14. Which Act provided India to become an Independent state—
(A) Indian Independence Act 1949
(B) Indian Independence Act 1946
(C) Indian Independence Act 1947
(D) None of the above

15. Under the Govt. of India Act 1935, the Indian Federation worked through which kind of list—
(A) Federal List
(B) Provincial List
(C) Concurrent List
(D) All the above

16. In the Govt. of India Act 1835, Federal List contained which kind of subjects—
(A) External Affairs
(B) Currency and Coinage
(C) Naval, Military and Force, Census
(D) All the above

17. In the Govt. of India Act 1935, provincial list included which kind of subjects—
(A) Police
(B) Provincial Public Service
(C) Education
(D) All the above

18. In the Govt. of India Act 1935, which subjects are included in the concurrent list—
(A) Criminal Law & Procedure, Civil Procedure
(B) Marriage
(C) Divorce, Arbitration
(D) All the above

19. Under the Govt. of India Act 1935, who had the power to proclaim emergency—
(A) Governor General
(B) General of India
(C) Governor of the State
(D) None of the above

20. In the Govt. of India Act 1935, who was authorised to make a law on the Provincial subject—
(A) Governor
(B) Governor General
(C) Federal Legislature
(D) None of the above

21. Which Constitution is in the written form for the first time by an elected body during the Modern period—
(A) India
(B) America
(C) Britain
(D) France

22. Who was the de facto Prime Minister at the time of evolution of the Indian Constituent Assembly—
(A) Moti Lal Nehru
(B) Sardar Ballabh Bhai Patal
(C) Jawahar Lal Nehru
(D) H. N. Kunzru

23. Who boicotted the Indian Constituent Assembly—
(A) Unionist Muslim
(B) Muslim League
(C) Unionist Scheduled Caste
(D) Krishak Poja

24. In the Constituent Assembly, which parties were members—
(A) Congress, Muslim League, Unionist Muslim
(B) Unionist Scheduled Caste, Krishak Poja, Scheduled Castes Federation, Sikh (Non Congress)
(C) Communists, Independents
(D) All the above

25. Which party said that Indian Constituent Assembly does not have a fully representative character—
(A) Congress
(B) Muslim League
(C) Unionist Muslim
(D) Unionist Scheduled Castes

26. After independence, who decided to determine the Future Constitution of India—
(A) Jawahar Lal Nehru
(B) Sardar Ballabh Bhai Patel
(C) Constituent Assembly
(D) None of the above

27. Whom the Indian Constituent Assembly represented—
(A) Fully representative of the Hindus
(B) Fully representative of the State in India
(C) Fully representative of the Provinces in India
(D) Fully representative of the States and Provinces in India

28. Through which offer, the British Government authoritatively supported a Constituent Assembly for making the Indian Constitution
(A) August offer
(B) Viceroy offer
(C) Sir Strafford Cripps offer
(D) None of the above

29. Who supported the views of the Constituent Assembly for making the Indian Constitution—
(A) Sardar Patel
(B) Gandhiji
(C) Jinnah
(D) None of the above

30. Gandhiji wrote which article in the Harijan of 19th November 1939 to support the formation of Constituent Assembly for making the Constitution of India—
(A) The need of Constitution
(B) Formation of Constituent Assembly
(C) The only way
(D) The way

31. Which Party supported formation of a Constituent Assembly—
(A) Congress
(B) Muslim League
(C) Unionist Muslim
(D) Unionist Scheduled Castes

32. When did Constituent Assembly adopt a national Flag—
(A) 22nd Aug. 1947
(B) 22nd July 1947
(C) 22nd Jan. 1947
(D) 22nd Oct. 1947

33. Did the Constituent Assembly exist at the time of Indian Independence—
(A) No
(B) Only idea emerged
(C) Yes
(D) Uncertainty regarding formation of said Assembly

34. Who was the last British Governor General who addressed the Constituent Assembly—
(A) Lord Attlee
(B) Lord Mount Batten
(C) Lord Bentick
(D) None of the above

35. When did the Constituent Assembly passed a resolution for translation of the Constitution of India into Hindi and other many languages of India—
(A) 17th Sep. 1949
(B) 17th Oct. 1949
(C) 17th Nov. 1949
(D) 17th Dec. 1949

36. What was the last session of the Constituent Assembly—
(A) Eleventh session
(B) Twelfth session
(C) Sixteenth session
(D) Seventh session

37. When was the last Twelfth session of the Constituent Assembly held—
(A) 24th Jan. 1950
(B) 24th Feb. 1950
(C) 24th April 1950
(D) 24th Dec. 1950

38. How many copies of the Constitution were printed after the Constituent Assembly framed the same—
(A) Two
(B) One
(C) Three
(D) Four

39. Which song was sang in the Constituent Assembly before its Adjournment sine die—
(A) Jana Gana Man
(B) Vande Matram
(C) A & B
(D) None of the above

40. For how many years, months and days, did the Constituent Assembly work on the Constitution of India—
(A) 2 Years, 11 months and 19 Days
(B) 3 Years, 12 months and 16 Days
(C) 4 Years, 18 months and 6 Days
(D) None of the above

41. How many number of sessions were held in the Constituent Assembly—
(A) Twenty sessions
(B) Twelve sessions
(C) Twenty-five sessions
(D) Twenty-eight sessions

42. How many Articles and Schedules were in the First Draft Constitution presented by the Drafting Committee to the Constituent Assembly—
(A) 318 Articles and 7 Schedules
(B) 319 Articles ad 10 Schedules
(C) 315 Articles and 8 Schedules
(D) 399 Articles and 5 Schedules

43. In the final form of the Constitution adopted by the Constituent Assembly, how many Articles and Schedules were there—
(A) 397 Articles and 9 Schedules
(B) 395 Articles and 4 Schedules
(C) 396 Articles and 7 Schedules
(D) 395 Articles and 8 Schedules

44. In the Constituent Assembly how many total number of Amendments were proposed in the Draft Constitution—
(A) Approx. 7935
(B) Approx. 7892
(C) Approx. 7365
(D) Approx. 2473

45. What was the expenditure made by the Constituent Assembly while framing the Constitution of India—
(A) Rs. 63,96,729
(B) Rs. 64,98,725
(C) Rs. 69,92,769
(D) Rs. 65,92,926

46. How many visitors came to witness the proceedings of the Constituent Assembly—
(A) 52,500
(B) 53,000
(C) 54,000
(D) 54,500

47. Who presented the Objective Resolution in the Constituent Assembly—
(A) Jawaharlal Nehru
(B) Motilal Nehru
(C) Sardar Ballabah Bhai Patel
(D) None of the above

48. When was the First Draft of the Constitution of India proposed—
(A) Oct. 1945
(B) Oct. 1947
(C) Oct. 1946
(D) Oct. 1948

49. Who prepared the first draft Constitution of India—
(A) Jawahar Lal Nehru
(B) Gandhiji
(C) Advisory Branch of the Constituent Assembly
(D) Sardar Ballabh Bhai Patel

50. Who was the Chairman of the Draft Committee of the Constituent Assembly—
(A) Dr. B. R. Ambedkar
(B) K. M. Munshi
(C) Jagjivan Ram
(D) None of the above

Answers :
1.(A) 2.(B) 3.(D) 4.(C) 5.(B) 6.(C) 7.(B) 8.(D) 9.(B) 10.(A) 11.(D) 12.(A) 13.(D) 14.(C) 15.(D) 16.(D) 17.(D) 18.(D) 19.(A) 20.(C) 21.(B) 22.(C) 23.(B) 24.(D) 25.(B) 26.(C) 27.(D) 28.(A) 29.(B) 30.(C) 31.(A) 32.(B) 33.(C) 34.(B) 35.(A) 36.(B) 37.(A) 38.(C) 39.(C) 40.(A) 41.(B) 42.(C) 43.(D) 44.(C) 45.(A) 46.(B) 47.(A) 48.(B) 49.(C) 50.(A)




Courtesy : http://akulapraveen.blogspot.com

M.C. QUESTIONS ON CONSTITUTION OF INDIA FOR IPO EXAM - 2

51. When was the draft Constitution of India prepared by the Drafting Committee submitted to the President of the Constituent Assembly—
(A) 28th Feb. 1948
(B) 26th Feb. 1948
(C) 21st Feb. 1948
(D) 25th Feb. 1948

52. When was the Second Reading of the Constitution completed in the Constituent Assembly—
(A) 18 Nov. 1949
(B) 17 Nov. 1949
(C) 15 Nov. 1949
(D) 16 Nov. 1949

53. How many readings were held on the Constitution in the Constituent Assembly—
(A) First Reading
(B) Third Reading
(C) Second Reading
(D) None of the above

54. When was the Constitution of India adopted by the Constituent Assembly—
(A) 25th Nov. 1949
(B) 29th Nov. 1949
(C) 26th Nov. 1949
(D) 27th Nov. 1949


55. How many Princely States existed at the time when the Constituent Assembly was making the Constitution—
(A) 600
(B) 800
(C) 900
(D) 950

56. Who said, ‘I feel, however, good a Constitution may be, it is sure to turn out bad because those who are called to work it, taken to be a bad lot. However bad a Constitution may be, it may turn out to be good if those who are called to work it, happens to be a good lot. The working of a Constitution does not depend wholly upon the nature of the Constitution’—
(A) Dr. Ambedkar
(B) Dr. Rajendra Prasad
(C) Dr. Subhash Kashyap
(D) None of the above

57. Who stated, ‘As to the execution that the Draft Constitution has produced a good part of the provisions of the Government of India Act 1935, make no apologies. There is nothing to be ashamed of in Borrowing.’—
(A) Dr. Rajendra Prasad
(B) Jawhar Lal Nehru
(C) Gandhiji
(D) Dr. Ambedkar

58. Who said, ‘If the people who are elected are capable and men of character and integrity, they would be able to make the best even of a defective Constitution. If they are lacking in these, the Constitution cannot help the country’—
(A) Sardar Hukam Singh
(B) K. M. Munshi
(C) Dr. Rajendra Prasad
(D) Sardar Ballabh Bhai Patel

59. When were the election to the Constituent Assembly held—
(A) July 1946
(B) Aug. 1946
(C) Sep. 1946
(D) Oct. 1946

60. In the Constituent Assembly how many seats were got by the Congress—
(A) 204
(B) 205
(C) 203
(D) 208

61. How many seats were obtained by the Muslim League in the Constituent Assembly—
(A) 74
(B) 75
(C) 73
(D) 76

62. How many seats were acquired by the other parties in the Constituent Assembly—
(A) 14
(B) 15
(C) 17
(D) 18

63. How many total members were elected in the Constituent Assembly—
(A) 296
(B) 293
(C) 291
(D) 292

64. In the Parliament of India Upper House in known as—
(A) Lok Sabha
(B) Rajya Sabha
(C) Council of States
(D) None of the above

65. In the Parliament, Lower House is called as— (A) Legislative Assembly
(B) Legislative Council
(C) Rajya Sabha
(D) Lok Sabha (House of People)

66. In the Constituent Assembly who was the Head of the Union Constitution Committee—
(A) Jawaharlal Nehru
(B) Sardar Patel
(C) Subhash Buse
(D) None of the above

67. In the Constituent Assembly which words were associated with the Parliament—
(A) Parliament of the Legislature
(B) Parliament of the Union
(C) Parliament of the Federation
(D) All the above
68. In the Constituent Assembly, it was said that Parliament of the Federation shall consist of the President and what else—
(A) National Legislature
(B) National Assembly
(C) House of People
(D) Council of State

69. In the Constituent Assembly, which committee recommended that Indian Constitution adopt Parliamentary Form of Executive—
(A) Drafting Committee
(B) Constitutional Committee
(C) Union Constitution Committee
(D) All the above

70. In the Constituent Assembly, how many seats were fixed for House of People—
(A) 500
(B) 400
(C) 300
(D) 250

71. In the Constituent Assembly, what was the number of population fixed for one Representative—
(A) 7,500
(B) 7,50,000
(C) 50,000
(D) 78,500

72. Who elected Dr. Rajendra Prasad as the First President of India—
(A) Constituent Assembly
(B) Legislative Assembly
(C) Council of State
(D) Lok Sabha

73. In the Constituent Assembly who proposed the name of Dr. Rajendra Prasad as President of India—
(A) Jawaharlal Nehru
(B) Sardar Patel
(C) A & B
(D) None of the above

74. Which is our National anthem—
(A) Jana Gana Mana
(B) Vande Matram
(C) A & B
(D) None of the above

75. When did the Constituent Assembly adopt National Anthem—
(A) 25th Jan. 1950
(B) 26th Jan. 1950
(C) 24th Jan. 1950
(D) 29th Jan. 1950
76. In the last session of the Constituent Assembly which song was sung—
(A) Jan Gana Mana
(B) Vande Matram
(C) A & B
(D) None of the above

77. Which women presented National Flag in the Constituent Assembly—
(A) Smt. Sarojini Naidu
(B) Smt. Hansa Mehta
(C) Smt. Indira Gandhi
(D) None of the above
78. In the Indian National Flag, what does Ashoka’s wheel represent—
(A) Wheel of the Truth
(B) Wheel of the Moral
(C) Wheel of the Dharm
(D) Wheel of the Law

79. In the National Flag, what does green colour represent—
(A) Animals
(B) Soil
(C) Human Nature
(D) Spiritual Philosophy

80. In the National Flag, what does saffron colour represent—
(A) Spirit of Renunciation
(B) Spirit of colours
(C) Spirit of Human nature
(D) None of the above

81. In the National Flag, whom does the wheel represent—
(A) Prithivi Raj Chauhan
(B) Raja Man Singh
(C) Ashoka
(D) None of the above

82. In the National Flag, what shall be the Ratio of the width to the length—
(A) 2 : 3
(B) 2 : 4
(C) 2 : 5
(D) 2 : 6

83. In the National Flag, how many colours are there—
(A) Four
(B) Three
(C) Two
(D) Five

84. Which colours are included in the National Flag—
(A) Deep Saffron
(B) White
(C) Dark Green
(D) All the above

85. In the National Flag, which colour is used in the wheel—
(A) Blue
(B) Navy Blue
(C) Red Green
(D) Green-White

86. In the Constituent Assembly, when was the ad-hoc Committee appointed for the National Flag—
(A) 23rd June 1947
(B) 23rd July 1947
(C) 23rd Jan. 1947
(D) 23rd Feb. 1947

87. What was the name of India’s First Legislature—
(A) Parliament
(B) Union Parliament
(C) Constituent Assembly
(D) National Assembly.

88. During what period, Constituent Assembly of India worked—
(A) 1948-1950
(B) 1949-1951
(C) 1947-1949
(D) 1951-1952

89. Who was the first Speaker of free India’s first Legislature (Constituent Assembly)
(A) G. V. Mavalankar
(B) K. M. Munshi
(C) Frank Anthony
(D) Smt. Sarojini Naidu

90. After Indian Independence who represented Provisional Parliament—
(A) Lok Sabha
(B) Parliament
(C) Rajya Sabha
(D) Constituent Assembly

91. When did India become a fully Sovereign Democratic Republic—
(A) 26th Nov. 1949
(B) 26th Nov. 1930
(C) 26th Jan. 1949
(D) 26th Nov. 1951

92. After Indian Independence, what was not Provisional Parliament provided—
(A) Directly Elected Body
(B) Indirectly Elected Body
(C) Sovereign Body
(D) None of the above

93. In the Provisional Parliament of India, how many members were there—
(A) 296
(B) 313
(C) 318
(D) 316

94. In India who amended the Constitution through the first Amendment Bill 1951—
(A) Lok Sabha
(B) Rajya Sabha
(C) Provisional Parliament
(D) Parliament

95. Who was the first Prime Minister of India at the time of Provisional Parliament—
(A) Jawahar Lal Nehru
(B) Lal Bahadur Shastri
(C) Indira Gandhi
(D) Rajiv Gandhi

96. Who was be Deputy Prime Minister of India at the time of Provisional Parliament—
(A) Jawahar Lal Nehru
(B) Sardar Ballabh Bahi Patel
(D) Maulana Abdul Kalam Azad
(D) Gulzarilal Nanda
97. Which occupation was represented more in the Provisional Parliament—
(A) Agriculturists
(B) Businessmen
(C) Teachers/Academicians
(D) Lawyers

98. From which area, more members were represented in the Provisional Parliament—
(A) Rural area
(B) Urban area
(C) Municipalities
(D) Panchayats

99. When did the first Lok Sabha function—
(A) 1952-1956
(B) 1953-1957
(C) 1952-1957
(D) None of the above

100. Who was the Prime Minister of India in the first Lok Sabha—
(A) Pandit Govind Ballabh Pant
(B) Jawahar Lal Nehru
(C) Abdul Kalam Azad
(D) C. D. Deshmukh

Answers :
51.(C) 52.(D) 53.(B) 54.(C) 55.(A) 56.(A) 57.(D) 58.(C) 59.(A) 60.(B) 61.(C) 62.(A) 63.(D) 64.(B) 65.(D) 66.(A) 67.(C) 68.(A) 69.(C) 70.(A) 71.(B) 72.(A) 73.(C) 74.(C) 75.(C) 76.(C) 77.(B) 78.(D) 79.(B) 80.(A) 81.(C) 82.(A) 83.(B) 84.(D) 85.(B) 86.(A) 87.(C) 88.(C) 89.(A) 90.(D) 91.(C) 92.(A) 93.(B) 94.(C) 95.(A) 96.(B) 97.(D) 98.(A) 99.(C) 100.(A)


Courtesy : http://akulapraveen.blogspot.com/

10 Things To Do Before You Retire

Don’t put off today what you can’t afford to do tomorrow. In spite of the world wide pension crisis and a growing acceptance that we must plan and save for our retirement, the harsh reality is we are actually not saving enough. Research reports reveal that only 15% of the individuals are saving sufficiently for their retired life. Here are a few tips on things to do before you retire so that your retired life is more comfortable and enjoyable.
Get Rid of All Your Debts

If you are taking a housing loan, personal loan, car loan or any other loan make sure that you will be repaying them on or before your retirement. You need to choose the term of the loan in accordance with your retirement age. You can enjoy your retired life when you have 100% financial freedom, not when you have to repay your loans.

Protect Your Emergency fund


Emergency expenses can happen any time. But the possibility goes up during the old age. So we need to enhance the emergency reserve year on year based on the inflation and change in your expense levels. Emergency fund will give you a sense of security and also you need not touch your other investments during emergency where you need to pay pre-closure penalty. Also don’t forget to refill the emergency fund once you met an expense out of emergency fund.

Establish a Retirement Budget

You need to visualize your retired life well in advance and need to create a budget for your retirement. That is you will not be going to office. So the expenses on transport and clothes may come down. Also you will have more time to spend. You may need to spend more on leisure travel and health care.

Examine Your Cash Flow

Take a close look at your cash inflow as well as outflow. Is there going to be any income after retirement? Like rent, royalty…. Would there be any unwanted outflow during retired life? Like paying life insurance, or SIP. At times during your beginning of the career , you could have taken a policy where you need to pay premium up to the age of 60. But now you may plan to retire at 55 itself. So you need to realign your existing policy and otherinvestments in sync with your retirement age.

Grow Your Retirement Corpus
Find out how much corpus you need to have when you retire so that you will be having complete financial freedom. A professional financial planner will of great assistance to you in this regard.

Develop a withdrawal strategy

How are you planning to withdraw your cash outflow during retirement from the retirement corpus? Monthly, quarterly, half yearly or annually? Through Sytematic Withdrawal plan in mutual funds or by way of dividend or interest. All these will have a great impact on the corpus you need to accumulate. So you need to decide in advance.

Minimize taxes

Your retirement corpus and retirement income need to be tax efficient. You need to pay taxes as and when the fixed deposits matures irrespective of that you withdraw interest or reinvest under a cumulative option. But you need to pay interest only when you withdraw from the mutual funds. Careful selection ofinvestment vehicle can reduce your tax during the retired life.

Get Sufficient Mediclaim coverage

The moment you retire, your employer will stop covering you under the group mediclaim. So you need to plan for your individual medical cover well in advance. At old age the medical expenses are inevitable. If you have not planned it properly the all your retirement plan will become a mess.
Consider Inflation adjusted annuities
The monthly income you need when you retire is not going to be the same even after 5 years of your retirement. Inflation will increase your retirement expenses year after year. So year after year your retirement income needs to go up.
Oversee estate planning
How your fixed assets and financial assets need to be distributed to your legal heirs? Create a WILL. You can avoid creating relationship problems to your next generation because of your left out wealth.

The author is Ramalingam K, an MBA (Finance) and Certified Financial Planner. He is the Founder and Director of Holistic Investment Planners(www.holisticinvestment.in) a firm that offers Financial Planning and Wealth Management. He can be reached at ramalingam@holisticinvestment.in.

Courtesy : ALLCGNEWS

A Complete Guide to Business Development - Department of Posts - Part I

Business Post: One stop solutions for bulk mails designed to take care of all premailing activities, from start to finish saving your valuable time. Business post offers total Business solutions for the corporate class by providing tailor made services. It provides value additions to all traditional services offered by the department on payment of nominal charges, as in the form of:

-Collection of mails from the premises
-Enveloping/ Inserting
-Addressing
-Sealing
-Franking
-Posting and delivery at the destination

Pre mailing charges: (excluding applicable Postage Charges)

Operation (per article)
Unregistered
(Rs)
Registered Mail
Collection
0.20
0.30
Folding the contents before insertion
0.01
0.01

Folding the contents before insertion which requires cutting
0.02
0.02
Insertion (Per insertion)
0.10
0.20
Gumming (Sealing)
0.10
0.10
Franking
0.20
0.40
Pasting pre-printed labels gummed
0.02
0.02
Pasting pre-printed labels which are not gummed
0.05
0.05
Insertion to be matched with the address
0.05
0.05
Additional charges for articles weighing more than 100 grams
0.05
0.05
Special handling
0.10
0.50
Manual addressing
0.30
0.30

Book Post: The article should be open in condition and it should be printed as
BOOK POST on the front side top portion of the article.
Rate of postage will be Rs 4.00 for a weight not exceeding 50 gms and Rs 3.00 for
every additional 50 gms or fraction thereof.( the content of the article should not be personnel in nature and only printed items are allowed. Ex. invitation, broachers etc.)

First class mail (Letter Post) : Article shall be closed in condition.
Rate of postage will be Rs 5.00 for a weight not exceeding 20 grams and Rs 5.00 for
Additional 20 gms or fraction thereof.

Courtesy : http://satish24k.blogspot.com/

Training schedule of Post Master Grade I candidates

P.T.C Mysore announced training schedule for Post Master Grade – I candidates. The training is designed for 5 weeks, initially for two batches. The first Batch of training commences on 01.08.2011. The training schedule is as follows.

From 01/08/2011 to 03/09/2011(05 weeks at a stretch)
Circle Wise Seat Allotment
Sl
Name of Circle
Seats allotted
1
Andhra Pradesh
46
2
Karnataka
45
3
Kerala
01
Total

92

From 12/09/2011 to 15/10/2011(05 weeks at a stretch)
Circle Wise Seat Allotment
Sl
Name of Circle
Seats allotted
1
Andhra Pradesh
46
2
Karnataka
46
Total

92

Courtesy : http://ipaspandhra.blogspot.com/

Salaried employees — when no return is required?

QUESTION: There has been news item about a new scheme sparing liability for salaried employees with income below Rs.5 lakhs, subject to certain conditions which are not clear for them. Could you clarify the same?
ANSWER: Notification No. 36/2011 dated 23rd June, 2011 would exempt salaried employees, whose income does not exceed Rs.5 lakhs in cases where the only other income for them is by way of interest from savings account not exceeding Rs.10,000. Salaried employees drawing income upto Rs.5 lakhs are likely to have other incomes from deposits other than from savings bank account including income from those classes of investments for which deduction is available under section 80C. Only an extremely limited number of taxpayers would be able to take advantage of the scheme.

It is necessary to bear in mind that for employees to be able to avail the benefit, they have to ensure that there is not only adequate tax deduction at source, but also such tax has been deposited by the employer and so certified in Form 16, which should contain employee’s Permanent Account Number (PAN), details of income, tax deducted at source and deposited to the credit of the Central Government. Tax deduction and deposit should cover the entire tax payable. If there is any claim of refund of over-paid taxes, the need for return is not avoided. For the employees, who have served more than one employer during the year, the scheme would not be applicable.
It is further made clear, that the scheme would have no application, where return is required by a notice for assessment under section 142(1), for reassessment under section 148 or on a searched person under section 153A or on a third party to search, where documents or assets relating to the assessee has been discovered under section 153C.
There was no need to impose so many restrictions, which go against the spirit of the policy announced by the Finance Minister in his Budget Speech. The exemption should have been granted to all salaried employees and senior citizens, who have income from sources other than business or profession or capital gains, upto Rs.5 lakhs as long as adequate tax has been either deducted or paid by way of advance tax, subject, no doubt, to enquiry by the Assessing Officer, when so required. Such a course of action would not only help a large number of small taxpayers, but also reduce the proliferation of paper work in the Income-tax Department.
Courtesy : Hindu 18.7.2011

POSTING OF SPMs IN SINGLE HANDED & DOUBLE HANDED OFFICES

This issue was taken up by our CHQ and based on our views, suitable clarification have been issued to Chief PMG, U. P. Circle.

Please click below for Copy of the orders





Click here to see order No. 137-56/2008-SPB.II Dt. 15.07.2011