CGHS SUBSCRIPTION RATES REVISED

The Rates of subscription under CGHS has been revised by concerned authorities of Ministry Of Health and Family Welfare and issued an order on 20th May 2009. The reason cited in the order for this hike in the subscription is The upward revision of pay/ pension of doctors and other staff in the CGHS has increased the cost of operating the Central Government Health Scheme. It has, therefore, been decided to revise the rates of subscriptions, to be made by employees / pensioners, for availing benefits under CGHS, with effect from 1st June 2009 . It has also been decided to revise the monetary ceiling limits for various entitlements of the beneficiaries for availing CGHS facilities. View the full detail at; http://mohfw.nic.in/s11011-2-2008-cghs.pdf

WHAT WE COULD GET FROM BUDGET.

Pranab unlikely to fiddle with income tax rates The thinking seems to be that a tax hike may not go down well at a time when there is a sense of expectation that UPA 2's first budget will have a feel-good touch. Budget: Rs 3 lakh I-T relief on home loan? The urban development ministry has also recommended that the income tax exemption limit om rental income be raised to 50% from the existing 30%. Budget may provide tax benefit to NPS holders The Budget would provide tax exemption to individuals at the time of entry to encourage them to opt for the scheme. Small saving schemes back in vogue Since banks' deposit rates have come down substantially, there is a renewed interest in small saving schemes. Govt may plug gaps in tax evasion laws Govt is set to frame anti-abuse rules that will empower tax authorities look for 'avoidance' transactions. Plan tax investments early and Get ready to file your IT returns Pranab may restore standard deduction in Budget In order to provide relief to salaried class, govt may prefer route of restoring standard deduction rather than increasing income tax slabs source;The Economic Times

BANK OFFICERS FEDERATION WANTS 30% INCREASE IN SALARIES

All India State Bank Officers Federation has said merger and consolidation of public sector banks would harm the banking activities in the country and nullify the financial inclusion concept of the Government itself. The federation also pressed for a 30 per cent increase in salaries of bank officers, saying that a 15 per cent increase that is being offered is not enough. The officers also want one more pension option and are prepared to contribute up to Rs 1,800 crore of the Rs 6,000- crore additional fund needed for the purpose, federation general secretary G D Nadaf said at a press conference here yesterday. TN Goel, President of the Federation, said the earlier salary agreement with the Indian Banks Association had expired on October 31, 2007, and a new one was due on November 1, 2007. All the four bank officers' organisations had submitted a common charter of demands to the IBA and the Government on October 29, 2007, but nothing had been done in the matter of revision so far. The officers organisations would not agree to anything less than 30 per cent increase in salary, he said.
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