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Framing of Rotational Transfer Policy by Cadres Authorities

Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions
03-July-2015 19:09 IST
Framing of Rotational Transfer Policy by Cadres Authorities

          The Government has asked the Cadre Authorities in various Ministries/Departments to submit Action Taken Report latest by July 10, 2015 on framing Rotational Transfer Policy and putting up in public domain, identification of sensitive posts and rotation of Officers from sensitive posts as per provisions.

          The Rotational Transfer Policy aims to harmonise objectives of institutional memory, avoid development of vested interests and provide variety of exposure to employees thereby ensuring overall growth of an officer. While the Transfer Policy prescribes minimum and maximum tenure for each post, any exception should be with the approval of the Committee constituted for this purpose which shall record the reasons in writing.

          The draft Rotational Transfer Policy for the Central Secretariat Service is available on the DoPT website with the following link:

 RBI may give payment bank licence to postal department in August: Ravi Shankar Prasad

NEW DELHI: Union Minister Ravi Shankar Prasad today said he expects Reserve Bank of India (RBI) to grant payment licence to the proposed Post Bank of India by August.

This will enable the network of 1,54,000 post offices (including 1,30,000 rural post offices) to offer banking services to the masses in the country.


"We expect RBI to give payment bank licence to post (department) in August," Minister of Communications and IT Prasad said.

In last one year, the Department of Post (DoP) has networked 27,215 post offices into one national unit through computers.
The DoP, which has applied for a payment bank licence, has a hybrid model in mind to operate Post Bank of India.
As per RBI guidelines, payment banks would offer a limited range of products such as demand deposits and remittances. They will not be allowed to undertake lending activities and will initially be restricted to holding a maximum balance of Rs 1 lakh per individual customer.
They will be allowed to issue ATM or debit cards as also other prepaid payment instruments, but not credit cards.
According to a source, Prasad has approved hybrid model suggested by Ernst & Young which prepared detailed project report on Post Bank of India (PBI).
"E&Y has come out with three models but suggested preference to a hybrid model. Under which about 600 branches will be directly operated by PBI staff in post office premises and transactions in other parts of the country will be supported by India post staff," a post bank official said.
Post Bank of India is proposed to have its own employees and IT infrastructure. The transaction handled by India Post, employees will be entered in to the server of PBI.
The Department expects revenue of over Rs 550 crore from PBI in first five years.

Electronic Filing of Income Tax Returns for 2015-16 Commences

Press Information Bureau
Government of India
Ministry of Finance
Electronic Filing of Income Tax Returns for 2015-16 Commences; ITR 1-Sahaj, 2 and 2A can be Used by Individuals or HUF Whose Income Does not Include Income from Business;
ITR 4S – SUGAM can be Used by an Individual or an HUF Whose Income Includes Business Income Assessable on Presumptive Basis; Taxpayers Requested to E-File Their Returns Early to Avoid the Rush Closer to the Last Date of Filing.
The Income Tax Department has released the software for preparing the Income Tax Return forms 1- SAHAJ, 2, 2A and 4S- SUGAM for AY 2015-16. The e-filing of these return forms has been enabled on the e-filing website-https://incometaxindiaefiling.gov.in.
ITR 1-SAHAJ, 2 and 2A can be used by individual or HUF whose income does not include income from business. ITR 4S – SUGAM can be used by an individual or HUF whose income includes business income assessable on presumptive basis. The elaborate details of the persons who can use these forms are available in the instructions for filling the forms.
The facility for pre-filling of information for these return forms is available in the software for preparing the return forms. When the taxpayer exercises this option and just fills in his PAN, then personal information and information on taxes paid and TDS will be auto-filled in the form. Taxpayers are requested to use the return preparation software available free of cost under the ‘Downloads’ section on the home page of the Income Tax Department’s e-filing website-https://incometaxindiaefiling.gov.in. The use of Departmental software will ensure preparation of error-free returns thereby avoiding any need for future rectification due to data validation mistakes.
Taxpayers are requested to e-file their returns early to avoid the rush closer to the last date of filing.


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