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Wednesday, February 3, 2021
POSTPONEMENT OF LIMITED DEPARTMENTAL COMPETITIVE EXAMINATION (LDCE) FOR PROMOTION TO THE CADRE OF INSPECTOR OF POSTS FOR VACANCIES OF THE YEAR 2-19 AND 2020
REFERENCES/REPRESENTATIONS/COURT CASES FOR GRANTING NOTIONAL INCREMENT FOR PENSIONARY BENEFITS IN PURSUANCE OF THE JUDGEMENT DATED 15.09.2017 OF HONBLE HIGH COURT OF MADRAS IN W.P. NO. 15732 OF 2017 IN THE CASE OF P. AYYAMPERUMAL VS UNION OF INDIA & ORS
Revision of Income Criteria for OBCs Creamy Layer, whether the income ceiling would be raised to Rs.25 lakhs, see details
GOVERNMENT OF INDIA
MINISTRY OF SOCIAL JUSTICE AND EMPOWERMENT
LOK SABHA
UNSTARRED QUESTION NO: 141
ANSWERED ON: 02.02.2021
Income Criteria for OBCs Creamy Layer
Thalikkottai Rajuthevar Baalu
Will the Minister of SOCIAL JUSTICE AND EMPOWERMENT be pleased to state:-
141. SHRI T.R. BAALU:
Will the Minister of SOCIAL JUSTICE AND EMPOWERMENT be pleased to state:
(a) whether the Government proposes to revise the income criteria of Rs.8 lakhs per annum for the purpose of determining the Creamy Layer amongst Other Backward Classes (OBCs);
(b) if so, the details thereof and the time by which the revision of Income criteria for OBCs would be implemented;
(c) whether the National Commission for Backward Classes (NCBC) recommended enhancement of income limit from Rs.6 lakhs to 15 lakhs in 2015 itself; and
(d) if so, taking into account the delay in implementation, whether the income ceiling would be raised to Rs.25 lakhs, in consonance with the trend of rise in GDP, inflation, per capita income, all round economic growth, rise in cost of living, increased costs of health care, transport and education?
ANSWER
MINISTER OF STATE FOR SOCIAL JUSTICE AND EMPOWERMENT
(SHRI KRISHAN PAL GURJAR)
(a) to (d): A proposal for revision of the income criteria for determining the Creamy Layer amongst the OBCs is under consideration of the Government, after due consultation with the National Commission for the Backward Classes.
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SANKALAN - Compendium of Postal Life Insurance Rules 2011, Forms & Standard Operating Procedure
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Monday, February 1, 2021
Highlights of Budget 2021-22
Highlights of Union Budget 2021-22
General
1. First digital Budget in the history of India
2. Vehicle Scrapping Policy. Vehicle Fitness Test after 20 years in case of Personal vehicle and 15 years in case of commercial vehicles
3. 64,180 crores allocated for New Health Schemes
4. 35,000 crores allocated for Covid Vaccine
5. 7 Mega Textile Investment parks will be launched in 3 years
6. 5.54 lakh crore provided for Capital Expenditure
7. 1.18 lakh crore for Ministry of Roads
8. 1.10 lakh crore allocated to Railways
9. Proposal to amend Insurance Act. Proposal to increase FDI from 49% to 74 %.
10. Deposit Insurance cover (DICGC Act 1961 to be amended). Easy and time bound access of deposits to help depositors of stress banks.
11. Proposal to revive definition of ‘Small Companies’ under Companies Act 2013. Capital less than 2 Cr. and Turnover Less than 20 Cr.
12. Disinvestment: IPO of LIC, Announced Disinvestment of Companies will be completed in FY 2021-22
Direct and Indirect tax
1. Senior Citizens: Reduced Compliance burden. 75 years and above. Proposal not to file ITR if only pension income and interest income.
2. Reduction in time for IT Proceedings: Reopening of Assessments period reduced from 6 years to 3 years except in cases of serious tax evasion cases
3. Proposal to constitute ‘Dispute Resolution Committee’. (Taxable income 50 lakhs and disputed income 10 lakh).
4. National Faceless Income Tax Appellate Tribunal Centre
5. Relaxations to NRI: Propose to notify rules for removing hardship for double taxation.
6. Tax Audit Limit: Proposal of tax audit increased from 5 Cr. to 10 cr. (Only for 95% digitized payments business)
7. Propose to provide relief on advance tax liability on dividend income.
8. Propose to include tax holidays for Aircraft leasing companies
9. Prefiling of returns (Salary, Tax payments, TDS etc.) Details of Capital gains from listed Securities, dividend income, etc. will be prefilled
10. Small Charitable Trusts. Increased from 1 crore to 5 crores (Compliance limit)
11. Late deposit of employee’s contribution by employer will not be allowed as deduction
12. Incentive to startup: Tax holiday exemption for one more year
13. Duties reduced on various textile, chemicals and other products
14. Gold and Silver (BCD reduced)
15. Agriculture Products: Custom duty increased on cottons, silks, alcohol etc.
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