CGHS row peaking

A show cause notice has been served by the Union Ministry of Health and Family Welfare on 25 of the 407 Hospitals for denying credit facility for CGHS beneficiaries.
Now, the Corporate Hospitals say, the notice is illegal and unfair. They said the fault lies with the Govt , as the dues on hospital bills are not cleared on time. Hospitals now demand hike in health packages, as the rates have not been revised .

More on N P S

NPS may soon allow partial withdrawals, making it more appealing and more liquid.  However, the withdrawals  are subject to  certain conditions.

1.       Maximum withdrawal not to exceed 25%  of the total contributions made

2.       Should have a regular NPS account for a minimum of 10 years

3.       Withdrawals only for Children’s  higher education and wedding,  first  house, or certain illnesses

4.       Withdrawals can’t be more than three times  during the tenure , with a gap of  five years.

This makes the NPS more liquid  and strong, considering the low-cost investment model  it follows and give an option to save through equities.

Tax Records - Keep them for 16 years

Tax Records – Need  to maintain for long

Even if you file your tax returns right and regularly, records must be maintained to ensure you have the answers when asked.  As you know, there are many circumstances that can lead to a tax notice. May be a wrong tax treatment of income, Mismatch in tax credits, Not filing IT return, Mistakes while filling the IT forms, Purchasing properties, or making excessive Credit Card payments. This warrants you to keep copies of all records/documents, in a safe place.  And you know for how long ?  For 16 years !   

So, save all those tax related documents, don’t  shred  them  off  !

Retirement at 65

Retirement age at 65

The  Standing Committee of Parliament on  Social Justice and Empowerment  has  urged the Central Govt to raise the retirement age of Govt servants from 60 years to 65 years.   They noted that  growing life span was adding to the need for “productive ageing”.  They also reminded that Senior Citizens would form 12.4 % of  our population  in 2026 (up from 7.5 % in 2001 ).  The Committee aid “ We feel that  with the increase in life expectancy and relatively better stae of health of people, the Govt needs to look at continuity of employment upto 65 years”.

Concessions from Haryana

Haryana State has announced  a couple of Senior Citizen friendly  initiatives.

1.      

  50 % concession of fare of State Roadways buses  for Senior Citizens above 65 years of age.  This scheme will be effective from 1 January, 2014.

2.

    Free Calcium supplements for women over the age of 55 years.

About CPCs

1 CPC                     1943

2 CPC                     1958-59                                                addition  of  Dearness Allowance

3 CPC                     1972-73

4 CPC                     1983-86                wef  1-1-1986

5 CPC                     1993-96                wef  1-1-1996

6 CPC                     2004-06                wef  1-1-2006

7 CPC                     2014-15                wef  1-1-2016

(more  details will be compiled up here)

More on CGHS issue

Thi is what the newspapers reported today .. ..

(From The Hindu )