Monday, February 22, 2016

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.