The government can bring such a facility, which will eliminate the need for toll plazas. To get rid of such problems, the central government is planning to introduce a new toll collection system. The government is soon planning to implement a new GPS-based toll system called ANPR (Automatic Number Plate Reader) cameras for toll collection.

How will this GPS based system work?

This ANPR (Automatic Number Plate Reader) system will read the license plate of the vehicle, after which the toll tax will be deducted from the vehicle owner’s bank account. This system will depend on the cameras installed at the entry and exit points. These cameras will click the photo of the license plate and deduct toll tax through toll from the vehicle number. This new ANPR system can prove to be a better option in place of Fastag.

According to a report by the Transport Corporation of India and IIM Calcutta, oil worth about Rs 1 lakh crore is wasted due to vehicles standing at the toll plazas and about 45 thousand rupees every year due to the jam at the toll plaza. There is a loss of crores of rupees, that is, due to toll nakas overall, the country suffers a loss of 1 lakh 45 thousand crores. In such a situation, GPS system is going to start soon to save your pocket and the economic loss of the country.

Vehicle number plate may also change

The government may soon make a big change in the vehicle number plate as well. Now the new number plate will have a GPS along with the vehicle number. Recently, the Union Transport Ministry has ordered installation of GPS number plates in new vehicles. Along with this, now new number plates will have to be installed in old vehicles as well.

New GPS will also be installed in these new number plates. Along with this, a software will be installed at the toll plaza, due to which the toll tax money will be deducted from your account as soon as the vehicle leaves. Now the number plate installed in your vehicles will not be normal but it will have a GPS system. The Union Transport Ministry has ordered the installation of GPS number plates in new vehicles.

On the other hand, in old vehicles, the old number plate will have to be removed and a new number plate will be installed. In this, the GPS system will be attached to the number plate. Along with this, a software will be installed, due to which the toll will be cut automatically as soon as you reach the toll plaza.

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It is believed that the government can make any provision regarding payment of additional pension to crores of pensioners of the country. However, on the recommendation of the Standing Committee, the Budget Division of the Department of Economic Affairs has also asked the Department of Pension and Pensioners’ Welfare that the government’s liabilities for payment of arrears of pension to lakhs of pensioners of the country have increased even as the additional pension payments If provision is made, where will the money come from for that?

The biggest obstacle in the life of single family pensioners

In the recommendation made by the Standing Committee of the Parliament, it has been mentioned that the committee is quite familiar with the social churning and changes taking place in our society over the years. There has been a system of joint family in our country and nuclear family is taking its place.

The growth of nuclear families has further increased individualism and individualistic thinking and a generation is growing up which wants to do away with the tutelage of elderly parents or grandparents as per the tradition of joint families. In such a situation, the problem of taking care of the elderly is increasing day by day.

Pensioners organization demanded additional pension

The Standing Committee has also said in its recommendation that according to an estimate, by 2050, the number of elderly people above 60 years of age in the country’s population is expected to increase significantly. So, looking at such changes at the societal level, we need a strong pension system for the elderly, which can help them survive in this world without being a burden on anyone.

The standing committee, in its recommendation, has said that pensioners’ organizations have asked the government to give 5 percent additional pension to pensioners who attain the age of 65 years, 10 percent to 70 years, 15 percent to 75 years and 20 percent to 80 years. has demanded. The committee said that the government should sympathetically consider the demands of pensioners’ organizations.

Where will the money come from for additional pension payment?

The Standing Committee has recommended that the Department of Pension and Pensioners’ Welfare (DoPPW) should proceed seriously with the Ministry of Finance and apprise the Committee about the same. On the recommendation of the Standing Committee, the Department of Expenditure advised on 5 April 2022 that the Department of Pension and Pensioners’ Welfare has not told how the additional financial burden will be met by the government.

Therefore, it is advised to first wait for the comments of the Budget Division of the Department of Economic Affairs.

Additional burden on the government

As advised by the Department of Expenditure, the matter was referred to the Budget Division of the Department of Economic Affairs on 07 April 2022 for seeking their comments on the proposal. The Department of Economic Affairs said in its reply on 2 May 2022 that due to the old pension scheme, the pension liabilities of the government have not only reached Rs 2.07 lakh crore in the financial year 2022-23, but are also increasing year by year.

Further increase in these liabilities due to the present proposal will put significant pressure on the government, which may not be desirable when the government is engaged in providing higher resources for productive investment while following the path of fiscal consolidation. In addition, with improvements in health infrastructure and demographic changes, the overall life expectancy is expected to increase further.

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Big news is coming out regarding the pension of Central Government Employees. Rules have been issued by the Department of Pension and Pensioners Welfare, in which important information has been given regarding the withdrawal of pension amount. Now you will be able to withdraw your pension only once. Let us tell you what are the new pension rules for central government employees-

There is no permission to withdraw pension again , according to the information received from DoPPW, if any employee withdraws a part of his basic salary, then he is not allowed to withdraw pension again.

The department has issued a notification , information has been given by the Department of Pension and Pensioners Welfare by issuing a notification (DoPPW Notification) in this regard. According to the Civil Services (Commutation of Pension) Rules, 1981, the government is not allowed to withdraw pension more than once. With this, you can withdraw only 40 percent of the total pension at one go.

You can withdraw the outstanding amount after revising On lump sum withdrawal, the government has said that you can withdraw only 40 percent of the amount at one go. Apart from this, if the pension of any employee is revised, then in this situation you can withdraw your arrears.

According to the notification issued by DoPPW, those employees who have retired between January 1, 2016 and August 4, 2016, will get additional exemption on revision of pension under Rule 10 of CCS. Although the rule of 40 percent has been implemented here by the government.

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In the last week of September, the central government had given great news to about 62 lakh employees and pensioners. The Modi government had increased the dearness allowance of employees from 34 percent to 38 percent. After that the Jharkhand government had announced to increase the DA. Now the Bihar government has given a big gift to the employees and pensioners before Diwali. The dearness allowance of employees and pensioners has been increased by 4 percent by the state government.

A total of 21 proposals were approved

in the meeting, the proposal related to this was approved in the meeting of the Bihar government’s cabinet held on Thursday. A total of 21 proposals were approved in the cabinet meeting chaired by Chief Minister Nitish Kumar. Giving information to the journalists after the meeting, Additional Chief Secretary, Cabinet Secretariat Department, S Siddhartha said that in the cabinet meeting, the proposal to increase dearness allowance by 4 percent for government employees and family pensioners was approved.

After the proposal to increase dearness allowance to the allocation of 500 crores,
now the employees of Bihar government will get 38 percent dearness allowance instead of 34. The increased Dearness Allowance will be valid from July 1, 2022. He said that the cabinet meeting approved the allocation of 500 crores from the emergency fund for the drought-prone areas. Apart from this, while declaring 7841 villages in 96 blocks of 11 districts of the state as drought-hit, it has also been approved to give Rs. 3500 per family assistance to the affected families.

In the meeting, approval was given to create 905 additional non-gazetted posts of various departments of the lower service in the Prohibition Department. Apart from this, the creation of many posts including 1420 for teachers, non-teaching staff in various universities has also been approved. In the meeting, approval has been given to extend the contract period of total 3953 retired soldiers working in Special Auxiliary Police (SAP) for 2022-23. Apart from this, 137 additional clerical cadre posts have been approved in the Directorate of Probation, Bihar.

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PF account holders can get great happiness. The EPF Board has recently reduced the EPF rate from 8.5 per cent to 8.1 per cent for the 2021-22 financial year, which is being heavily criticized. EPF is now planning to give higher returns to its investors. Actually, the EPFO ​​board can take a decision on increasing the investment limit in the stock market.

Board can decide

It is worth noting that on July 29 and 30, 2022, the meeting of the EPFO ​​​​board is going to be held in which the proposal to increase the existing limit of investment in the stock market and related products from 15 percent to 20 percent can be approved. If the EPF board takes this decision, then investors will get more returns than investing in the stock market.

Government can announce

In a written reply to a question in the Lok Sabha, Minister of State for Labor and Employment Rameshwar Teli said, “The FIAC, a sub-committee of the CBT, has recommended raising the equity and equity related investment limit from 5-15 per cent to 5-20 per cent.” However, let us tell you that trade unions have been opposing the increase in the investment limits of EPFO ​​in the stock market. The government believes that there is no government guarantee on this investment, due to which investors may have to suffer losses.

Up to 20 percent investment in equity possible

Significantly, the Finance Investment and Audit Committee of EPFO ​​has approved the proposal to increase the limit of investment in the stock market to 20 percent. At present, the EPFO ​​invests only 5 to 15 per cent of its funds through Exchange Traded Funds (ETFs). Actually, this time EPFO ​​has got a return of 16.27 percent in 2021-22 from investment in equity, which was 14.67 percent in 2020-21. EPFO has invested in Nuclear Power Bonds for 15 years, on which an interest of 6.89 percent will be paid annually. At present, interest from 7.27 percent to 7.57 percent is being available on Central Government and State Government bonds. Obviously, EPFO ​​is getting low returns on investment in government bonds to corporate bonds.

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