Friday, September 13, 2013
Cabinet Committee on Dearness Allowance
Cabinet
Committee on Dearness Allowance : Cabinet Committee may declare
Dearness allowance for Central Government employees and Pensioners on
tomorrow…
As
per the Labour Ministry recommendation, the Finance Ministry making
arrangements to obtain the approval from the Union Cabinet on the agenda
point.
The
agenda point may be taken for the discussion in the meeting to be held
on tomorrow at New Delhi. The additional Dearness allowance of 10% from
July 2013 to all CG Staff and Pensioners may be granted to compensate
the price hike. The total Dearness allowance will go up to 90%.
ADMIT CARDS FOR IPO & LGO EXAM 2013 BEING HELD ON SEPT 14-15, 2013
CLICK HERE TO VIEW
POSTMASTER GRADE WEBSITE WISHES ALL THE ASPIRANTS TO SUCCEED IN THEIR IPO/LGO EXAMS
Friday, September 6, 2013
MODEL QUESTIONS FOR INSPECTOR POST EXAM 2013
PAPER I Click here
PAPER II Click here
PAPER III Click here
PAPER IV Click here
Monday, September 2, 2013
DBAnalyzer for Sanchay Post - dated 30/08/2013
Pre-requisite: .Net framework 3.5
NOTE: Generation of Consolidated Report is a TIME CONSUMING PROCESS. All offices are advised to generate this report after completing the daily routines like DAY-END process, Database Backup, etc.
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Govt to hike Dearness Allowance by 10%; benefit 80 lakh Employees & Pensioners
Ahead of festival season, central government will this month announce a hike in dearness allowance to 90% from existing 80%, benefiting about 50 lakh central employees and 30 lakh pensioners.
According to official source, dearness allowance hike will be 10% and would be effective from July 1, this year.
The sources further said the exact amount of dearness allowance, as a proportion of basic pay, works out to over 90% after factoring in the revised all India Consumer Price Index for Industrial Workers (CPI-IW) for June.
According to revised data released on August 30, retail inflation for factory workers for June stood at 11.63%, higher than provisional estimate of 11.06% for the month released on July 31.
Sources said that since the revised estimate for the month of June is available, the finance ministry would soon prepare a proposal for the purpose for seeking Union Cabinet nod.
They further said the proposal will be moved this month. There would be a double digit hike in DA after about three years. It was last in September, 2010, that the government had announced a hike of 10% to be given with effect from July 1, 2010.
DA was hiked to 80% from 72% in April, 2013, effective from January 1, this year.
As per the practice, the government uses CPI-IW data for past 12 month or a year to arrive at a number for the purpose of any DA hike. Thus, the retail inflation for industrial workers between July, 2012 to June 2013 will be used to take a final decision.
Source : The Times of India
According to official source, dearness allowance hike will be 10% and would be effective from July 1, this year.
The sources further said the exact amount of dearness allowance, as a proportion of basic pay, works out to over 90% after factoring in the revised all India Consumer Price Index for Industrial Workers (CPI-IW) for June.
According to revised data released on August 30, retail inflation for factory workers for June stood at 11.63%, higher than provisional estimate of 11.06% for the month released on July 31.
Sources said that since the revised estimate for the month of June is available, the finance ministry would soon prepare a proposal for the purpose for seeking Union Cabinet nod.
They further said the proposal will be moved this month. There would be a double digit hike in DA after about three years. It was last in September, 2010, that the government had announced a hike of 10% to be given with effect from July 1, 2010.
DA was hiked to 80% from 72% in April, 2013, effective from January 1, this year.
As per the practice, the government uses CPI-IW data for past 12 month or a year to arrive at a number for the purpose of any DA hike. Thus, the retail inflation for industrial workers between July, 2012 to June 2013 will be used to take a final decision.
Source : The Times of India
SIFY Network - Limits Internet Access in Post offices which is Migrated with CBS(Sify Network)
Approved and Accessible Sites through SIFY Network:
All links Under India Post:
https://services.ptcmysore.gov.in/Speednet/
https://services.ptcmysore.gov.in/RNet
https://services.ptcmysore.gov.in/emo
https://services.ptcmysore.gov.in/uidreports/
https://services.ptcmysore.gov.in/AccountsMIS/
http://indiapostarrow.gov.in/arrow/default.asp
http://www.indiapost.gov.in/RuralInfrastructure/
http://ptcinfo.org/eiodweb/
http://www.indiapost.gov.in/ccc/
http://www.ptcinfo.org/DigiFrank/
http://www.ptcinfo.org/eurogiro/
https://services.ptcmysore.gov.in/spc/
https://www.epostoffice.gov.in/
http://indiapost.nic.in/
https://mail.gov.in/iwc_static/layout/new_login.jsp
http://www.indiapost.gov.in/SpeedPost.aspx
http://www.indiapost.gov.in/ExpressParcel.aspx
http://www.indiapost.gov.in/IMOS.aspx
http://www.indiapost.gov.in/BusinessPost.aspx
http://ipsweb.ptcmysore.gov.in/ipswebtracking/
http://services.ptcmysore.gov.in/Speednettracking/Track/UIDTrack.aspx
https://wupos.westernunion.com/agent-app/login
http://www.reliancegold.in/jsp/userLogin.jsp
https://services.dopmobile.in/MerchantApp/
http://mail.nic.in
SDC Chennai:
tamilnadupost.nic.in/sdc/index.htm
Private Sites:
www.google.com
www.yahoo.com
All other Sites were blocked by SIFY Network as per DOP Order.
Source : http://potools.blogspot.in/
Friday, August 30, 2013
POST BANK OF INDIA SANS POSTAL EMPLOYEES
It seems that the Post Bank of India (PBI) may become a reality in the near future. For the last more than fifteen years we have been told about the Post Bank and even the Parliamentary standing committee on Communications & IT has repeatedly demanded the Government for commencing Post bank. Several attempts have been made, but the Finance Ministry always took a negative stand, for one reason or the other. Majority of the bank managements including nationalized banks have been opposing the entry of the Postal department into commercial banking. The reason is obvious. They foresee a potential threat to their existence once Post Bank enters into their field and during the course of time the Post Bank may become one of the biggest Bank.
Post Bank of India will be an independent entity, separate from the current operations of small savings schemes being carried out by the Department of Posts on behalf of Ministry of Finance. Department has accordingly submitted an application to the Reserve Bank of India (RBI) on 28.06.2013 seeking banking license subject to necessary cabinet approval. RBI has said that new banks will have to set up at least three branches in villages with a population of less than 10000, for each branch they establish in other areas. Although Post Bank does not intend to open a bank in every Post office, the plan is to meet the financial inclusion goal through these Post offices. India Post had 1,54,822 Post offices across the country as on 31.03.2013, the largest for any department in the world, and close to 90% of them – 1,39,086 – are in rural India. This is more than four times the number of rural branches run by India’s Banks put together. According to plan prepared by Ernst & Young, India Post will become Post Bank of India’s banking correspondent. PBI will use Post office infrastructure but very frugally. Carefully done PBI can be a game – changer in rural areas.
India post is among 26 applicants that sought banking licenses from RBI. India Post has to develop the standards to meet RBI guidelines. In its guidelines for new banking licenses announced on 22nd February 2013, RBI required applicants to prove their eligibility on several fronts – from promoter holding to past experience to business plans. The minimum capital required by the applicants for license is Rs. 500 crores and foreign share holding in the new banks is capped at 49% for the first five years. The new banks have to be set up under a non-operative Financial Holding company (NOFHC). They also have to maintain minimum capital adequacy ratio – the ratio of risk weighed assets, a measure of financial strength of the bank – of 19 % for the first three years. New banks also need to list their shares within three years of starting operations.
The main argument put forward by those opposing the Post Bank is that Postal department has no experience when it comes to giving credit (loans). Department has only been taking deposits till now. Sanctioning and disbursing of credit needs an entirely different aptitude. India Post has no specialized experience in the business. It is reported that unlike many believe, the Post Bank of India will be a completely new entity with no legacies of a government department and very little to do with its parent department, except using some of its network. It will have an independent Board. Separate recruitment has been planned to have specialised banking staff. Of course, the Post Bank will be a subsidiary organisation of India Post, which need to be registered as a public sector Bank and Government equity in this new entity could be diluted. Whatever reforms and regulations Government implements in Nationalised Banking sector will be fully applicable to Post Bank of India also.
There are many talented and qualified Postal employees who want to switch over to the Post bank and to work as employees under the Post Bank. The reports that separate recruitment will be made for the Post Bank has cast shadow upon their hope to work in the Post Bank. NFPE demands that the existing Postal employees who want to switch over to the Post Bank shall be given chance to exercise option and if need be a trade test to assess their capability can also be conducted before selection. Selected officials can be imparted with intensive training in commercial banking business. In any case 100% open market direct recruitment is an injustice to those talented Postal employees who may not be able to apply for open recruitment due to age factor etc. we urge upon the Postal Board and Finance Ministry to give due consideration to this aspect, before the new Bank is rolled out.
Source : http://nfpe.blogspot.com/
Post Bank of India will be an independent entity, separate from the current operations of small savings schemes being carried out by the Department of Posts on behalf of Ministry of Finance. Department has accordingly submitted an application to the Reserve Bank of India (RBI) on 28.06.2013 seeking banking license subject to necessary cabinet approval. RBI has said that new banks will have to set up at least three branches in villages with a population of less than 10000, for each branch they establish in other areas. Although Post Bank does not intend to open a bank in every Post office, the plan is to meet the financial inclusion goal through these Post offices. India Post had 1,54,822 Post offices across the country as on 31.03.2013, the largest for any department in the world, and close to 90% of them – 1,39,086 – are in rural India. This is more than four times the number of rural branches run by India’s Banks put together. According to plan prepared by Ernst & Young, India Post will become Post Bank of India’s banking correspondent. PBI will use Post office infrastructure but very frugally. Carefully done PBI can be a game – changer in rural areas.
India post is among 26 applicants that sought banking licenses from RBI. India Post has to develop the standards to meet RBI guidelines. In its guidelines for new banking licenses announced on 22nd February 2013, RBI required applicants to prove their eligibility on several fronts – from promoter holding to past experience to business plans. The minimum capital required by the applicants for license is Rs. 500 crores and foreign share holding in the new banks is capped at 49% for the first five years. The new banks have to be set up under a non-operative Financial Holding company (NOFHC). They also have to maintain minimum capital adequacy ratio – the ratio of risk weighed assets, a measure of financial strength of the bank – of 19 % for the first three years. New banks also need to list their shares within three years of starting operations.
The main argument put forward by those opposing the Post Bank is that Postal department has no experience when it comes to giving credit (loans). Department has only been taking deposits till now. Sanctioning and disbursing of credit needs an entirely different aptitude. India Post has no specialized experience in the business. It is reported that unlike many believe, the Post Bank of India will be a completely new entity with no legacies of a government department and very little to do with its parent department, except using some of its network. It will have an independent Board. Separate recruitment has been planned to have specialised banking staff. Of course, the Post Bank will be a subsidiary organisation of India Post, which need to be registered as a public sector Bank and Government equity in this new entity could be diluted. Whatever reforms and regulations Government implements in Nationalised Banking sector will be fully applicable to Post Bank of India also.
There are many talented and qualified Postal employees who want to switch over to the Post bank and to work as employees under the Post Bank. The reports that separate recruitment will be made for the Post Bank has cast shadow upon their hope to work in the Post Bank. NFPE demands that the existing Postal employees who want to switch over to the Post Bank shall be given chance to exercise option and if need be a trade test to assess their capability can also be conducted before selection. Selected officials can be imparted with intensive training in commercial banking business. In any case 100% open market direct recruitment is an injustice to those talented Postal employees who may not be able to apply for open recruitment due to age factor etc. we urge upon the Postal Board and Finance Ministry to give due consideration to this aspect, before the new Bank is rolled out.
Source : http://nfpe.blogspot.com/
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