Daily Archive: March 7, 2019

Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs

Income tax exemption for gratuity enhanced Up to Rs. 20 lakhs

Ministry of Finance has enhanced the income tax exemption for gratuity under section 10 (10) (iii) of the Income Tax Act, 1961 to Rs. 20 lakhs.  Shri Santosh Kumar Gangwar, Minister of State for Labour and Employment has expressed hope that this would benefit those employees of PSUs and other employees not covered by Payment of Gratuity Act, 1972 and has thanked the Finance Minister for enhancing the exemption limit.

The ceiling of Gratuity amount under the Payment of Gratuity Act, 1972 has been raised from time to time keeping in view over-all economic condition and employers capacity to pay and the salaries of the employees, which have been increased in private sector and in PSUs.  The latest such enhancement of ceiling of gratuity was made vide Government of India Notification dated 29.03.2018 under which the gratuity amount ceiling has been increased from Rs.10 lakhs to 20 lakhs w.e.f. 29.3.2018.

 

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Cabinet approves implementation approval for implementation of 1320 MW Khurja Super Thermal Power Project in Uttar Pradesh

Cabinet approves implementation approval for implementation of 1320 MW Khurja Super Thermal Power Project in Uttar Pradesh

The Cabinet Committee on Economic Affairs chaired by the Prime Minister has approved the investment approval for 2x660MW Khurja Super Thermal Power Plant (STPP) in District Bulandshahar of Uttar Pradesh at an estimated cost of Rs.11,089.42 crore and Amelia Coal Mine in District Singraulli, Madhya Pradesh.

The project will be implemented at an estimated cost of Rs. 1587.16 crore and will be implemented by THDC India Limited, a Mini Ratna CPSU under the Ministry of Power, Government of India.

The Khurja STPP will be based on Supercritical Technology with two units of capacity 660 MW each, equipped with latest emission control technology to protect the environment and has high efficiency and uses less fuel to generate power. Amelia Coal Mine was allotted to THDC India Limited by Ministry of Coal, Govt. of India in January, 2017.The Khurja STPP will improve the deficit power scenario of Northern Region and particularly of Uttar Pradesh, which has already signed Power Purchase Agreement with THDCIndia Limited for purchase of 60% Power from the Project and the other beneficiary states i.e. Uttarakhand, Rajasthan, Himachal Pradesh and Delhi.

The project is expected to generate substantial direct and indirect employment and overall development of District Bulandshahar and nearby districts of Western Uttar Pradesh. The Khurja STPP will start yielding benefits from 2023-24.

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Cabinet approves investment approval for 1320 MW Buxar Thermal Power Project in Bihar

Cabinet approves investment approval for 1320 MW Buxar Thermal Power Project in Bihar

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for investment approval for 2×660 MW Buxar Thermal Power Project (Buxar TPP) in District Buxar of Bihar.

The project will be completed at an estimated cost of Rs. 10,439.09 crore and implemented by SJVN Thermal Private Ltd., a wholly owned subsidiary of SJVN Ltd., a Mini Ratna CPSU under Ministry of Power, Government of India.

The Buxar TPP will be based on Supercritical Technology with two units of 660 MW each, equipped with latest emission control technology to protect the environment and has high efficiency and use less fuel to generate power. The Buxar TPP will improve the deficit power scenario in Bihar and Eastern region. Govt. of Bihar has already signed Power Purchase Agreement (PPA) for supply of not less than 85% of generated power.

The project is expected to generate substantial direct and indirect employment apart from various other socio-economic development in the project area. The Buxar TPP will start yielding benefits from 2023-24.

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Cabinet approves the 3rd line between Narayangarh & Bhadrak (155 Km) on South Eastern Railway

Cabinet approves the 3rd line between Narayangarh & Bhadrak (155 Km) on South Eastern Railway

Will help generate additional optimum capacity to cope up with the existing as well as additional traffic
Capacity utilisation on Narayangarh & Bhadrak section is 138%. Third line will help reduce this congestion
Will help generate direct employment for about 37.2 lakh mandays
Total estimated cost of this project is Rs. 1,866.31 cr. & will be completed by 2023-24

The Cabinet Committee of Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the construction of a 3rd railway line between Narayangarh in West Bengal & Bhadrak in Odisha of 155 kms length. At a total cost of Rs. 1,866.31 crore it is slated for completion during the year 2023-24.

The construction of the third line will help create capacity to cope with existing as well as additional traffic. The busy section between Narayangarh and Bhadrak is mainly used for the movement of coking coal to steel plants as well as the movement of export ore from the areas of Chakradharpur to several ports. Therefore, this 3rd line will help in easier movement of coal. This will help steel plants, power plants as well as the export industry, which will boost the economies of Odisha and West Bengal, and entire East India.

Third line will ease congestion on this route. Narayangarh – Bhadrak section forms a part of the Howrah-Chennai trunk route. The present utilization (with maintenance block) of the section between Narayangarh & Bhadrak is to the tune of 138% as per Line Capacity Statement 2014-15. Over and above the heavy freight traffic, the route has to accommodate 47 pairs of coaching trains including high-speed trains like Bhubaneswar Rajdhani, Howrah-Yesvantpur Duronto, Howrah-Puri Duronto, Sealdah-Puri duronto & Howrah-Puri Shatabdi Express. This makes it highly congested.

The project will also help generate direct employment for about 37.2 lakh mandays during construction, and has the potential to generate indirect employment as well.

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Cabinet approves “FMBAP” for Flood Management Works in entire country and River Management Activities and works related to Border Areas during 2017-18 to 2019-20

Cabinet approves “FMBAP” for Flood Management Works in entire country and River Management Activities and works related to Border Areas during 2017-18 to 2019-20

The Union Cabinet chaired by Prime Minister Narendra Modi has approved the “Flood Management and Border Areas Programme (FMBAP)” for Flood Management Works in entire country and River Management Activities and works related to Border Areas for the period 2017-18 to 2019-20 with a total outlay of Rs.3342.00 crores.

Benefits:

The FMBAP Scheme will be implemented throughout the country for effective flood management, erosion control and anti-sea erosion. The proposal will benefit towns, villages, industrial establishments, communication links, agricultural fields, infrastructure etc. from floods and erosion in the country. The catchment area treatment works will help in reduction of sediment load into rivers.

Funding pattern:

The funding pattern for FM Component for works in general category States will continue to be 50% (Centre) : 50% (State) and for projects of North Eastern States, Sikkim, J&K, Himachal Pradesh and Uttarakhand, the funding pattern will continue to be 70% (Centre) : 30% (State). RMBA component being specific to activities in border areas with neighbouring countries and in accordance with bilateral mechanisms, the projects / works will continue to be funded as 100% grant-in-aid / central assistance.

Salient features:

The Scheme “FMBAP” has been framed by merging the components of two continuing XII Plan schemes titled “Flood Management Programme (FMP)” and “River Management Activities and Works related to Border Areas (RMBA)”. The aim of the Scheme is to assist the State Governments to provide reasonable degree of protection against floods in critical areas by adopting optimum combination of structural and non-structural measures and enhancing capabilities     of      State  / Central   Government officials    in    related   fields.

The works under the scheme will protect valuable land from erosion and flooding and help in maintaining peace along the border. The Scheme aims at completion of the on-going projects already approved under FMP. Further, the scheme also caters to Hydro-meteorological observations and Flood Forecasting on common rivers with the neighbouring countries. The Scheme also includes survey and investigations, preparation of DPR etc. of water resources projects on the common rivers with neighbouring countries like Pancheshwar Multipurpose Project, Sapta Kosi-Sun Kosi Projects in Nepal which would benefit both countries.

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Cabinet approves procedure and mechanism for Strategic Disinvestment of the CPSEs – delegation thereof

Cabinet approves procedure and mechanism for Strategic Disinvestment of the CPSEs – delegation thereof

The Cabinet Committee on Economic Affairs chaired by the Prime Minister has approved delegation of the following to Alternative Mechanism in all the cases of Strategic Disinvestment of CPSEs where CCEA has given ‘in principle’ approval for strategic disinvestment:

(i)        The quantum of shares to be transacted, mode of sale and final pricing of the transaction or lay down the principles/ guidelines for such pricing; and the selection of strategic partner/ buyer; terms and conditions of sale; and

(ii)      To decide on the proposals of CGD with regard the timing, price, the terms & conditions of sale, and any other related issue to the transaction.

This will facilitate quick decision-making and obviate the need for multiple instances of approval by CCEA for the same CPSE.

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Cabinet approves Mumbai Urban Transport Project Phase-IIIA

Cabinet approves Mumbai Urban Transport Project Phase-IIIA

The Cabinet Committee on Economic Affairs chaired by the Prime Minister has approved Phase-IIIA of the Mumbai Urban Transport Project.

Expenditure:

The total estimated cost of the project will be Rs.30,849 crore with completion cost of Rs.33690 crore.  The project is likely to be completed in five years.

Benefits:

  • introduction of air-conditioned coaches with automatic door operation to improve comfort level and safety of commuters.
  • Seamless travel for long distance suburban passengers by extending and creating corridors.
  • Improvement in passenger amenities, improved passenger movement at stations.
  • Decongestion of entry/exit at the stations.
  • Increase in safety, capacity and efficiency of suburban network by introduction of Communication Based Train Control System
  • Segregation of suburban rail operation on Central and Western Railway.

Background:

The Mumbai suburban railway network on Central and Western Railways has 385 route kms.  There are five corridors, two on Western Railway, two on Central Railway and one on Harbour Line.  Everyday about 8.0 million people travel in the suburban sections in more than 3000 train services.  There is severe overcrowding in the suburban trains and during peak hours, passengers carried are more than four times the carrying capacity.

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Cabinet approves continuation of National AIDS Control Programme-IV (NACP-IV) beyond 12th Five Year Plan for a period of three years from April, 2017 to March, 2020

The Cabinet Committee on Economic Affairs chaired by the Prime Minister has given its approval forcontinuation of National AIDS Control Programme-IV (NACP-IV) beyond 12th Five Year Plan for a period of three years from April, 2017 to March, 2020.   The total outlay will be Rs.6434.76 crore.

Benefits:

  • More than 99% of population will be kept HIV free.
  • More than 70 lakh of key population covered annually through a comprehensive HIV prevention programme.
  • Around 15 crore of vulnerable population (including five crore pregnant women) will be tested for HIV in three years of project.
  • Two crore 32 lakh units of blood will be collected at NACO’s supported blood banks during three year of project.
  • Two crore 82 lakh episodes of sexually transmitted infections will be managed under project during three years of project.
  • Seventeen lakh of PLHIV will be put on free anti-retroviral treatment by end of project period.

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Cabinet approves setting up of 50 new Kendriya Vidyalayas under Civil/Defence Sector all over the country

Cabinet approves setting up of 50 new Kendriya Vidyalayas under Civil/Defence Sector all over the country

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the setting up of 50 new KendriyaVidyalayas under Civil/Defence Sector all over the country.

The Vidyalayas are proposed to be opened in the Civil/Defense Sector and once they are fully functional they will provide quality education to approximately 50,000 students once they become fully operational.

Consolidated list of 50 proposals recommended by the ‘Challenge Method’ Committee for opening of new Kendriya Vidyalayas

 

S.No

 

Name    of   the Sponsoring Authority

 

Name of KendriyaVidyalaya

 

Name of State

 

1.

 

Ministry of Home Affairs

 

210 Cobra CRPF Bn., Dalgaon, District Darrang

 

Assam

 

2.

 

 

 

205    Cobra    CRPF    Bn.,    Barachatti, District Gaya

 

Bihar

 

3.

 

 

 

45th BN SSB, Beerpur, Distt. Supaul

 

Bihar

 

4.

 

 

 

GC, CRPF Bilaspur

 

Chhattisgarh

 

5.

 

 

 

CRPF Kadarpur, Gurgaon

 

Haryana

 

6.

 

 

 

Group Centre, CRPF, Sonepat

 

Haryana

 

7.

 

 

 

 

CRPF    Group    Centre    AB    Road, Nayagaon, Gwalior

 

Madhya Pradesh

 

8.

 

BSF Campus,  Kittampalayam,  District Coimbatore

 

Tamil Nadu

 

9.

 

 

 

 

ITBP Idayapatti, Distt. Madurai

 

Tamil Nadu

 

10.

 

ITBP   Shivgangai,   Illupaikudi,   District Shivgangai

 

Tamil Nadu

 

11.

 

 

 

BSF Gokulnagar, Distt. Sepahijala

 

Tripura

 

12.

 

 

 

39th Bn SSB, GadniaPaliakalan, District LakhimpurKhiri

 

Uttar Pradesh

 

13.

 

 

 

59th     Bn    SSB,     Nanpara,     District Behraich

 

Uttar Pradesh

 

14.

 

 

 

5EhBn, SSB Champawat,

 

Uttarakhand

 

15.

 

 

 

CRPF Group Centre, Siligudi

 

West Bengal

 

16.

 

Ministry of Railways

 

N.F.RailwayRangapara, Distt. Sonitpur

 

Assam

 

17.

 

 

 

SER      Dangoaposi,      District      West Singhbhum

 

Jharkhand

 

18.

 

 

 

Railway        Yeshwanthpur,        District Bengaluru

 

Karnataka

 

19.

 

 

 

Railway Colony Bandikui, District Dausa

 

Rajasthan

 

20.

 

 

 

Railway Idgah, Agra Station

 

Uttar Pradesh

 

21.

 

 

 

NFR Katihar District New Jalpaiguri

 

West Bengal

 

22.

 

State Governments/ Union Territories

 

Irlapadu    village,    Nadendla    Mandal, District Guntur

 

Andhra Pradesh

 

 
23.

 

 

 

Kandukur Town, District Prakasam

 

 

 

 
24.

 

 

 

Daporijo, District Upper Subansari

 

Arunachal Pradesh

 

 
25.

 

 

 

Namsai, District Namsai

 

 

 

 
26.

 

 

 

Hayuliang, District Anjaw

 

 

 

 
27.

 

 

 

 

Kondagaon, District Kondagaon (LWE)

 

Chhattisgarh

 

 
28.

 

Bilaspur, District Yamunanagar

 

Haryana

 

 
29.

 

 

 

Dharampur, District Mandi

 

Himachal Pradesh

 

 
30.

 

 

 

GandohBhalessa, District Doda

 

J&K

 

 
31.

 

 

 

Jodhpur, District Doda

 

 

 

 
32.

 

 

 

Koderma, District Koderma

 

Jharkhand

 

 
33.

 

 

 

Sarai Kelakharsawan

 

 

 

 
34.

 

 

 

Sadalga, District Belagavi, Belgaum

 

Karnataka

 

 
35.

 

 

 

Thrikkakara, Distt. Ernakulam

 

Kerala

 

 
36.

 

 

 

Agar-Malwa, Distt. Agar-Malwa

 

Madhya Pradesh

 

 
37.

 

 

 

Alirajpur, District Alirajpur

 

 

 

 
38.

 

 

 

Anuppur, District Anuppur

 

 

 

 
39.

 

 

 

Shamgarh, District Mandsaur

 

 

 

 
40.

 

 

 

Gadchiroli, District Gadchiroli (LWE)

 

Maharashtra

 

 
41.

 

 

 

Anandpur, District Keonjhar

 

Odisha

 

 
42.

 

 

 

Champua, District Keonjhar

 

 

 

 
43.

 

 

 

Chatrapur, District Ganjam

 

 

 

 
44.

 

 

 

Gunupur, District Rayagada

 

 

 

 
45.

 

 

 

Pratapgarh, District Pratapgarh

 

Rajasthan

 

 
46.

 

 

 

Udumalpet, District Tiruppur

 

Tamil Nadu

 

 
47.

 

 

 

Bandahkalan, Aayer, District Varanasi

 

Uttar Pradesh

 

 
48.

 

 

 

Madhupuri, District Fatehpur

 

 

 

 
49.

 

 

 

Sumerpur, District Hamirpur

 

 

 

 
50.

 

 

 

Khatima, District Udham Singh Nagar

 

Uttarakhand

 

 

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Cabinet approves grant of medical facilities under Ex-Servicemen Contributory Health Scheme (ECHS) to World War-II Veterans

Cabinet approves grant of medical facilities under Ex-Servicemen Contributory Health Scheme (ECHS) to World War-II Veterans, Emergency Commissioned Officers (ECOs), Short Service Commissioned Officers (SSCOs) and pre-mature retirees

More than 40,000 individual to be benefitted

The Cabinet Meeting Chaired by Prime Minister Narendra Modi  today approved the grant of Ex-Servicemen Contributory Health Scheme (ECHS) facilities to World War-II Veterans, Emergency Commissioned Officers (ECOs), Short Service Commissioned Officers (SSCOs) and pre-mature retirees.

As a result, over 43,000 individuals not covered so far under ECHS will be able to avail the benefits of cashless medical treatment under ECHS facilities through a network of over 425 ECHS polyclinics, over 2500 empanelled private hospitals and all Government hospitals throughout the country, subject to certain conditions.

As a special dispensation, war-widows will be exempt from one-time contribution to join ECHS.

Launched by NDA Government in April 2003, ECHS provides quality medicare to 54 lakh ex-servicemen pensioners, their dependents and a few other categories.

Measures for welfare of Ex-Servicemen:

Today’s decision is yet another landmark step in the pro-active policies of the Government since its very first days for welfare of our valiant ex-servicemen, who rendered valuable service to the country.

Implementation of ‘One Rank One Pension’ for ex-servicemen, a demand which had been pending for over four decades, has resulted in over 20 lakh ex-servicemen receiving more thanRs. 35,000 Crore under the scheme.  Other welfare measures by the Government for  ex-servicemen include increase in pension by 40%, disability pension for pre-mature retirees, applicability of battle causality compensation at Line of Actual Control, Line of Control and International Border, financial assistance to soldiers on their supreme sacrifice through newly created Army Battle Causalities Welfare Fund, enhancement of ex-gratia ad-hoc allowance, Special Pension to Ex-sailors and skill development training in 36 job roles to over 30,000 retiring soldiers so far.

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