All post offices to be computerised by 2017

India Posts is the largest postal network in the world and provides access to affordable services to all citizens in the country through its vast network. Out of 1.55 lakh post offices, 1.39 lakh are in rural areas and the remaining 15,736 in urban areas.

Over 1.55 lakh post offices in the country would be computerised by next year with an outlay of Rs 4,909 crore under the IT Modernisation Project of the Department of Posts. "At present, the project is at implementation stage and is likely to be completed by 2017," the Economic Survey 2015-16 tabled in Parliament today said.

AUTOMATIC CREDIT FROM SB ACCOUNTS IN FINACLE FOR 10 RUPEE DENOMINATION

Content:

In Post Offices especially BOs, for each RD ten rupee denomination accounts monthly deposits are being made with separate pay-in-slips resulting increases the work load of official. Hence, I am directed to inform you to instruct all the account holders to apply for automatic credit from their SB accounts for such ten rupee denomination RD Accounts.

Please see the order copy below

Data Centre Facility IT modernisation Project

IMPLEMENTATION COMMITTEE WORKING ON 7TH CPC, NOTIFICATION LIKELY IN APRIL

The implementation committee formed to review 7th CPC report is working on it. It requested all dept.s to send comments within 17th Feb but unfortunately the response has not been very satisfactory.

The committee urged to send the comments immediately vide their letter dated 15th Feb.

GUNMEN TRYING TO ROB POST OFFICE, OPEN FIRE, INJURED GUARD

An employee of Gauripur post office was injured inside his office in lower Assam's Dhubri district this evening when gunmen opened fire in a bid to rob the post office, the police said.

The two assailants went to the post office around 6.30 PM when its Post Master Rabindra Kumar Biswas was counting the day's collection of small savings before depositing the amount in the nearby sadar police station, they said.

PROMOTION PROCESS TO THE CADRE OF POSTMASTER GRADE II FOR 2016-17 VACANCIES- TN CIRCLE

PIB clears India Post's Rs 800 crore proposal for payments bank

NEW DELHI :The Public Investment Board has approved the Rs 800-crore proposal from India Post for setting up a payments bank and it will be placed before the Cabinet within a month for final approval. 

PIB, under the Finance Ministry, whets the investment proposals by state-run entities.

"The PIB meeting has been held on January 19 and the proposal has been approved. The recommendations of PIB will now be placed before the Cabinet for final approval," a senior official of Department of Post (DoP) told PTI.

INDIA POST RIDES E-COMMERCE WAVE AS VILLAGERS BUY ONLINE

Indian postman Ratan Lal (L) riding a bicycle as he delivers a parcel to a customer in a village in the Rajasthan district of Neemrana, January 21, 2016. (AFP)

With his rickety bicycle and sackcloth mail bag, 62-year-old Indian postman Chet Ram does not look like a worker at the vanguard of an e-commerce revolution delivering everything from mobile phones to cow manure.

He pedals miles each day in Rajasthan, ferrying packages to villages, and takes payments in cash because most of his customers do not have bank accounts, let alone credit cards.

ROLL OUT OF INTERNET / MOBILE / SMS BANKING

Copy of eMail dated 18.02.2016 from Director (CBS) to all Circle Heads From: Director (CBS) Sent: 18 February 2016 17:46

Subject: Roll out of Internet/Mobile/SMS Banking 

Respected Sir/Madam

I am directed to enclose Standard Operating Procedure (SOP) of Internet/Mobile / SMS Banking for circulation to all CBS Post Offices. Facilities available through these channels are also attached. These need to be pasted on the Public Notice Board of all CBS Post Offices. 

7TH CPC - MINIMUM PAY LIKELY TO BE INCREASED TO “A BALANCED COMPROMISE”

New Delhi: Central government has admitted that central government employees are not happy with the minimum pay, which has been recommended by the Seventh Pay Commission.

Finance Minister Arun Jaitley will include the increase the pay hikes of central government employees in the budget in this month.

The recommendation of the Pay Commission will be included in the budget but will not see the minimum pay Rs 18,000.

The commission findings of pay hikes of central government employees were published in November, with a promise of Finance Minister Arun Jaitley to include the increase the pay hikes of central government employees in the budget in this month.

PM NARENDRA MODI HAS ASKED IMPLEMENTATION CELL TO GIVE BENEFICIAL PAY COMMISSION REPORT

SEVENTH PAY COMMISSION: GOVT TO RAISE MINIMUM PAY

New Delhi: Government plans to raise the minimum pay of central government employees from Rs 18,000, which was recommended by Seventh Pay Commission, a Finance Ministry official said.

Finance Minister Arun Jaitley had said earlier that he was not worried about implementation of the Seventh Pay Commission recommendations.

The Finance Ministry official has given strong indications on condition of anonymity that the minimum pay recommended Seventh Pay Commission is likely to be increased as soon as next fiscal as the members of the Empowered Committee of Secretaries are ready to process the review of the Seventh Pay Commission recommendations for hike the minimum pay.

MINIMISE USE OF POSTAL STAMPS TO SAVE MONEY, MANPOWER , ENERGY AND ABOVE ALL, THE ENVIRONMENT

Lucknow: To save crores of rupees to the exchequer every month as also curb cutting of trees, Governor Ram Naik has started a campaign to promote use of franking machines by government offices and bulk users to discourage postal stamps of low denomination.

Naik also raised the issue before President Pranab Mukherjee at a recently concluded two-day conference in Delhi and has written a letter to Union telecom minister Ravi Shankar Prasad in this regard, appealing to minimise use of postal stamps to "save money, manpower , energy and above all, the environment."

During an informal inspection of secretariat, Naik noticed dispatch staff was pasting 25 postal stamps of Re 1 and stamps of different denominations on various packets and envelopes. "I was taken aback to see that in a digital era, one person is deployed only to paste stamps manually," Naik told TOI on Saturday, after calling the post and telegraph staff to install franking machines. Now, one staff who used to dispatch 60 envelopes in a day completes his work in an hour," said Ram Naik, adding that the same staff disposes other duties in the remaining part of the day.

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PINEAPPLE: A COMPREHENSIVE STEP BY STEP GUIDE FOR INDIA POST FINACLE PREPARED AND DEDICATED TO INDIA POST PARIVAR BY poupdates.blogspot.in

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Latest Frequently Asked Questions on Finacle Core Banking Solution by SDC Chennai

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Raise Personal Income Tax Exemption Limit to Rs 4 lakh – Assocham

Budget-2016-17: Revision in IT exemption to at least Rs 4 lakh minimum expectation of common-man

Monday, February 15, 2016

Revision in the income tax exemption limit to at least Rs four lakh is the most important and pressing expectation of a common-man who also seeks from the Finance Minister Mr Arun Jaitley extra incentives for savings and more tax allowance for expenditure on education and health, an ASSOCHAM Aam Aadmi survey for the ensuing budget, has noted.

Finance Ministry invites NJCA to discuss over 7th pay commission recommendation on 19.2.2016

The Official Sources Close to the Finance Ministry told that a Meeting with National Joint Council of Action to be held on 19th February 2016 on the issues of 7th Pay Commission and Charter of Demands of NJCA.

It is informed that Convener, 7th Pay Commission Implementation Cell has fixed Meeting with NJCA on 19th February 2016 at North Block to discuss about the matters pertaining to 7th CPC recommendations and Charter of Demands of NJCA. The timing of the meeting scheduled itself has reveals its importance.

Revised policy for bandwidth up-gradation / down-gradation

SEVENTH PAY COMMISSION REPORT ‘TOTAL RUBBISH’, SAY EMPLOYEES’ LEADERS

New Delhi: Central government employees’ leaders have trashed the Seventh Pay Commission report on pay and allowances hike of central government employees and officers, saying it was ‘total rubbish’ and ‘not worth the paper it was printed on’.

The Seventh Pay Commission report was presented to Finance Minister Arun Jaitley in November.

A Trade Union leader said he finds it hard to believe that the 900-page report had failed to find any government employees’ welfare motive behind the issuance of such type of pay hike recommendations, which has given nothing, not even proper minimum pay hike.

Postal Department Has Overtaken SBI on Digital Connectivity: Ravi Shankar Prasad

MUMBAI: The postal department has surpassed the country's largest lender, SBI, in terms of digital connectivity even before its payments bank launch, Union IT and Communications Minister Ravi Shankar Prasad today said.

"The core banking solution (CBS) or digital connectivity of the postal department has surpassed the State Bank of India's digital connectivity," Prasad said at a special session on the third day of the ongoing Make in India week here.

There are over 1.50 lakh post offices across the country, of which 1.25 lakh are in rural areas, and the department had embarked on CBS connectivity a few years ago.

Uploading of past premium no longer be available after 15.03.2016 in McCamish - CIS

FAQ On Procurement Of High Value PLI Policies

Frequently Asked Questions on procuring High Value Policies in PLI issue by CPMG TN Circle

01.   What is High Value Policy in PLI?

If Sum assured is more than 20 Lakhs in PLI, It is called High value policy.

02.   Who is the accepting authority for High value policies?

For Single proposals more than 20 lakhs and up to 50 lakhs, the accepting authority would be the Chief Postmaster General.

New proposals of existing policy holders whose aggregate exceeds Rs 20 lakhs and up to 30 lakhs, the accepting authority would be DPS (HQ). 

New proposals exceeding Rs 20 lakhs  up to  50 lakhs and new proposals of existing  policy holders whose aggregate exceeds Rs  30 lakhs  and  up to  50 lakhs, the accepting authority would be the Chief Postmaster General.

Election Holidays 2016 – Grant of Paid Holiday for CG Employees

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Entering into any financial transaction – Are you required to disclose PAN?

By Shalini Jain 

One of the biggest agenda of the current Government is to curb black money menace in India and one of the step forward in this regard is the change made in the requirement of mandatory quoting of Permanent Account Number ('PAN") in designated financial transactions. 

The need for some pro-active measures to check the black money was highlighted by our Finance Minister in October 2015, wherein he had said "the bulk of black money is still within India. We thus need a change in national attitude where plastic currency becomes the norm and cash an exception". 

New Pension System Touches 1 Crore Membership

National Pension System (NPS) had 11,459,555 subscribers with a total corpus of Rs. 90, 327 crore as on 23rd January, 2016. The total Assets under Management are worth Rs. 109,140 crore while Assets under Management per subscriber is Rs. 95,000 on an average.

The number of NPS Subscribers of the Central Government are 1611,020 with a total corpus of Rs. 34,754 crore while subscribers from the different State Governments are 2,859,094 with a total corpus of Rs. 45,486 crore. The number of NPS subscribers in the Corporate Sector are 448,509 while in Unorganized Sector is 128,484, the total being 576,993. The number of subscribers under NPS Lite include 4,463,637 and under Atal Pension Yojana (APY) 1,948,811, with a total number of subscribers 6,412,448 in these two categories.

AIAPC writes to the Nodal Officer DOP Pay Commission Cell in connection with Para 4 of the Minutes of the Meeting of the Joint Secretary (IC) with Nodal Officers held on 02.02.2016

INDIA POST JOINS WITH THE FESTIVAL OF KUMBAKONAM MAHAMAHAM

AIAPC TAMILNADU CIRCLE CONGRATS SHRI.KRISHNAMOORTHY AVL - SUPDT OF KUMBAKONAM POSTAL DIVISION FOR THIS PROJECT AND WISHES A GRAND SUCCESS OF THIS INDIA POST INITIATIVE. GOD BLESS YOU ALL.

Flash news Minutes of the Meeting of Joint Secretary (IC) with Nodal officers dated 02.02.16 regarding 7th CPC Implementation.

MERGE DA WITH BASIC THIS YEAR AND DEFER INCREMENTS: PAY PANEL MEMBER

Member of the Seventh Central Pay Commission Rathin Roy has suggested that to meet its fiscal deficit target the Government should merge the basic pay and dearness allowance (DA) of central government employees in the current year and defer implementing any real increases in pay and pensions. This, the member has said, could be done by compensating those who would have to bear the burden of the deferred effect by giving them a “more generous award distributed over several years”.

“I am saying that the increment need not all be given at one go... It can be staggered and made more generous… So this could be done for pay and for pension,” Dr. Roy told The Hindu in an exclusive interview. “Now I am not competent to say whether this is politically feasible or not,” he, however, added.

Last month, the Union Cabinet set up an empowered committee of secretaries under the Cabinet Secretary for processing the recommendations of the Commission.

Sukanya Samriddhi Account ( SSA ) deposits eligible for deduction u/s 80C of Income Tax Act, 1961

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

DEPARTMENT OF REVENUE

CENTRAL BOARD OF DIRECT TAXES

NOTIFICATION NO. 09/2015

INCOME-TAX

21 st January, 2015

In exercise of the powers conferred by clause (viii) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the “Sukanya Samriddhi Account” for the purposes of the said clause.

This notification shall come into force with effect from the date of its publication in the Official Gazette. [ F. NO. 178/3/2015-ITA-1 ]

For More Information Click Here

PROMOTION PROCESS TO GRADE II TO GRADE III AT TAMILNADU CIRCLE

Dear Postmaster cadre Association members

                    On continuation of the letters addressed to the CPMG Tamilnadu circle on 16.12.2015, promotion process was started for the Grade II to Grade III. Required Circle office letter is submitted below for your favor of information.

AIAPC ZINDABAD