INDIA POST PLANS TO START POST BANK

NEW DELHI: The Reserve Bank of India having opened the window for new bank licences, the postal department is finalizing the blueprint to set up a bank of its own at your neighbourhood post office, a move that will challenge the dominance of large public sector lenders in smaller towns and rural India.

While the department already has a balance sheet of Rs 6.18 lakh crore, which includes deposits of around 5.5 lakh crore, it is expected to set up a new entity that will function as the bank. Transferring the existing deposit base to the bank or converting the entity into a bank will entail an initial capital base of around Rs 55,000 crore to meet RBI's requirement, which the government will find difficult to provide. So, the proposed bank will start with the minimum capital requirement of Rs 500 crore, said a source familiar with the development.

Postal Department announces tentative schedule of PA/SA Direct Recruitment for the vacancies of 2011 and 2012

India Post 2012 Vision and Initiatives

Click here to view the slide prepared by the Directorate on the above subject matter.

MORE Gr "B" REFUSALS ACCEPTED

Director General (Posts) accepted the request of the following 23 officers for declining their promotion to PS Group “B” ordered vide Directorate order number 9-23/2012-SPG dated 28.12.2012. This is incontinuation to the earlier 14 refusal accepted and orders issued on 29-01-2013.

Name of Officer	Sr. No. In order	Parent Circle	Circle allotted on promotion	Date of Declination
V Thangavelu	10	Tamilnadu	Kerala	23.01.2013
E.R.Palanisami	82	Tamilnadu	Utter Pradesh	24.01.2013
S.Subba Rao	77	Tamilnadu	Gujarat	30.01.2013
S.Sanmugham	200	Tamilnadu	Uttar Pradesh	24.01.2013
D.Sreeramulu Naik	196	Andhra Pradesh	Gujarat	01.01.2013
P.S.Chandrasekhar	145	Andhra Pradesh	Kerala	04.01.2013
Ms. Bharatha Laxmi	151	Andhra Pradesh	Kerala	15.01.2013
T.V.Raghavulu	127	Andhra Pradesh	Maharashtra	16.01.2013
R.Krishnan	108	Karnataka	Madhya Pradesh	24.01.2013
G.C.Eligar	157	Karnataka	Bihar	18.01.2013
K.S.Telkar	109	Karnataka	Bihar	18.01.2013
S.M.Bhat	168	Karnataka	Bihar	28.01.2013
S.H.Deshbhandari	65	Karnataka	Madhya Pradesh	04.02.2013
Rajaram R Bhat	169	Karnataka	Bihar	18.01.2013
Parmod K  Nanda	129	Odisha	North East	15.01.2013
K.Chandrasekharan	21	Tamilnadu	Delhi	17.01.2013
G.C.Srinivas	163	Karnataka	Bihar	07.01.2013
Abdul Haque	13	West Bengal	West Bengal	24.01.2013
Manoj Halder	178	West Bengal	West Bengal	01.01.2013
Awadesh Kumar	195	West Bengal	North East	10.01.2013
N.S.Patel	19	Chhatishgarh	Jharkhand	28.01.2013
P.S.Ramaswamy	12	Tamilnadu	Kerala	23.01.2013
K.Dinakar	90	Karnataka	Madhya Pradesh	23.01.2013

HEARTY WISHES TO OUR PM GRADE OFFICIAL SHRI N.SUBAMANIAN

       PM CADRE WEBSITE CONGRATULATE SHRI N.SUBRAMANIAN PM GrII, TIRUPUR DIVISION, TAMILNADU CIRCLE, WHO HAVE BEEN ELECTED AS DEPUTY GENERAL SECRETARY OF AIPEUP3 UNION IN ALL INDIA NFPE CONFERENCE AT TIRUVANDRUM. WE ARE ALL WISHING TO DO HIS BEST IN NFPE CHQ DELHI.

India Post readies plan to start bank

NEW DELHI: The Reserve Bank of India having opened the window for new bank licences, the postal department is finalizing the blueprint to set up a bank of its own at yourneighbourhood post office, a move that will challenge the dominance of large public sector lenders in smaller towns and rural India.

While the department already has a balance sheet of Rs 6.18 lakh crore, which includes deposits of around 5.5 lakh crore, it is expected to set up a new entity that will function as the bank. Transferring the existing deposit base to the bank or converting the entity into a bank will entail an initial capital base of around Rs 55,000 crore to meet RBI's requirement, which the government will find difficult to provide. So, the proposed bank will start with the minimum capital requirement of Rs 500 crore, said a source familiar with the development.

"This will benefit rural areas enormously. There are nearly 1.55 lakh post offices and no capital cost of building is required. We are connecting post offices. As it is, we are offering savings bank in post offices and this is a natural progression. The matter is under discussion with the finance ministry and RBI," communications and IT minister Kapil Sibal told TOI.

Declining promotion to postmaster Grade-I by the officials declared successful in Postmaster Grade-I

Departmental Competitive Examination held on 12.6.2011 and subsequently-Reg.

GRANT OF RECOGNITION TO THE ALL INDIA POSTAL SBCO EMPLOYEES ASSOCIATION

  Sub: MP No. 1/2011 in WA No. 1262/2011 filed in Madras High Court by All India
Postal SBCO Employees Association V/s UOI and others.

D.G. Posts No. 16/75/2010-SR dated 27th February, 2013.

In compliance with order of the Hon’ble High Court of Madras passed on 03.09.2012 in the WA No. 1262 of 2011, the concerned Heads of Circles were asked to review the membership of the Unions/Associations in the SBCO Staff category and furnish the information of membership as on 25.06.2010. As per the revised results, the All India SBCO Employees Association could secure 16.20% membership which is more than the minimum percentage of membership (i.e. 15% membership required for recognition.

2. In the light of above, the competent authority has decided to grant recognition to the All India Postal SBCO Employees Association. With the issue of this communication, the association is entitled to avail the facilities of a recognized association as permissible under the CCS (RSA) Rules,1993.
Sd/-
(Arun Malik)
Director (SR/Legal)

Service Tax - admissibility of Service Tax

Service Tax - admissibility of service tax on sale of space or time for printing of advertisements on items of postal stationeries including Meghdoot Postcards etc. 

To view details, please CLICK HERE.

Govt to launch website for e-postal order by March end

NEW DELHI; A website to help Non-Resident Indians (NRIs) to pay the fee for filing RTI applications through e-postal order is all set to be launched by this month end. 

The website will have an option for NRIs to pay the fee of Rs 10 via credit or debit cards to the government while exercising their Right to Information, official sources said. 

The Department of Personnel and Training, which act as a nodal agency for the implementation of the RTI Act, has worked out all the modalities along with the Department of Posts for the purpose, they said. The facility, which is likely to be made online by this month end, will also be extended for citizens living across the country, the sources said. 

The DoPT has already floated a tender for an RTI call centre and website project which will help an applicant to file applications online under the transparency law and receive the response. 

Source : http://economictimes.indiatimes.com