Chennai General Post Office (GPO) is likely to be first post bank in the State to be launched early next year. The Department of Posts is planning to set up ‘India Post Payment Banks’ (IPPB) using the postal network to provide banking services to people. Aimed at providing access to banking services to people particularly in rural areas, the IPPB will provide a range of services, including direct benefit transfers and facilitate various payments like old age pension and government subsidies. The vast network of post offices would be used to eventually even deliver the payment at the doorstep of customers. Officials of the postal department said such post banks would function as separate entity and function according to the guidelines of Reserve Bank of India. Mervin Alexander, postmaster General (Chennai city region), said, “Payment banks will deal with money remittances of all kinds to people. This could be useful to people particularly in rural areas who have limited access to banks. But, it will not provide loans. However, savings schemes and deposits will remain under post offices at this point of time.” Earlier, core banking network solutions and postal ATMs were started as part of an initiative to provide banking services at post offices. Net banking and mobile banking will be the next step towards reinventing the postal services according to the changing trend. The department has also announced a competition for logo design and tagline for the proposed IPPB. The tagline should not exceed eight words either in English or Hindi and the best entries will be awarded with a cash prize of Rs.25,000. The last date of submission is July 31.
Monday, July 25, 2016
Saturday, July 23, 2016
BITTER FACTS ABOUT 7TH PAY COMMISSION !!!
After the Cabinet approval, the Finance Minister tweeted, “Congratulations to central government officers, employees & pensioners on a historic rise in their salary & allowances through the 7th Pay Commission.”
The Central Government Employees were dismayed by this tweet and wondered how it was described as historic rise. There are so many hidden facts in the cabinet approval for implementation of 7th Pay Commission recommendations.
What did the Empowered Committee of secretaries do in Sixth months and what did they recommend? There was nothing mentioned about the report of this committee submitted to Cabinet and Whether the cabinet considered the ECoS recommendations or not.
This is the first time in the Pay Commission History that Pay Commission recommendation are going to be implemented in staggered manner. Only Basic Pay alone will be revised. All other Allowances will be revised after four months.
After second Pay Commission, this is the lowest hike recommended in Pay Scale. Just 14.27%. 30% hike is expected invariably by all cg employees.
IndiaPost plans 50 payments bank branches by May
India Post expects to start the first 50 branches of its payments bank by May 2017, seeking to widen financial inclusion in the country.
As per the current plan, India Post Payments Bank (IPPB) - as it has been termed - will eventually have 650 branches across the country.
While the first set of branches will open by May, the remaining will start operations by September 2017, a top official of the Department of Posts said.
Reduction In Tatkal Quota in Indian Railway
Press Information Bureau
Government of India
Ministry of Railways
22-July-2016 17:28 IST
Reduction In Tatkal Quota in Indian Railway
Although Zonal Railways can earmark a maximum of 30% of available accommodation as Tatkal, yet Tatkal quota like all other reservation quotas is reviewed on a periodical basis so as to earmark it based on realistic demand pattern, by reducing it if required. In 2015-16, approximately 18.20% of the total accommodation has been earmarked as Tatkal quota (including Premium Tatkal). Moreover, adequate safeguards have been built in the scheme and various steps have been taken to avoid misuse of the Tatkal scheme, some of which are as under:
Friday, July 22, 2016
BOOK CENTRE - NEW RELEASE
Sir/Madam,
We wish to inform you that POSB Manuals are just released. If you wish to have a copy, order soon.
| POST OFFICE SAVINGS BANK (POSB) MANUAL VOLUME I | 500 | ||
| POST OFFICE SAVINGS BANK (POSB) MANUAL VOLUME II | 350 | ||
| POST OFFICE SAVINGS BANK (POSB) MANUAL VOLUME III | 250 | ||
| COST OF 3 VOLUMES | 1100 | ||
| POSTAGE & PACKING CHARGES | 55 | ||
| AMOUNT TO BE SENT BY eMO/NEFT | 1155 | ||
| Kindly note: All 3 volumes are sold as a set. Separate volumes are not available for sale. | |||
Yours Sincerely,
BOOK CENTRE
32, Payappa Garden Street,
Queens Road Cross,
Shivaji Nagar,
Bangalore-560051
Phone:080-22862152 & 41464152
Business Hours:10.00AM to 06.00PM
Sunday Holiday
Sunday Holiday
7th Pay Commission latest news: Government has to notify CPC recommendations within 7 days to implement salary hike from August
Without the official notification, the salaries received by central government employees on August 1 would not be hiked as per the CPC recommendations.
New Delhi, July 20: Although the revised recommendations of 7th Pay Commission has received a formal nod of approval from the Union Cabinet, the gazette notification for finalizing the salary hike is awaited. Without the official notification, the salaries received by central government employees on August 1 would not be hiked as per the CPC recommendations. Government has to notify the new pay scale within 7 days in order to implement the 14.29 percent hike in basic pay.
Reservation in promotion for differently-abled people
Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions
21-July-2016 15:12 IST
Reservation in promotion for differently-abled people
Section 33 of the Persons with Disabilities (Equal Opportunities, Protection of Rights and full Participation) Act, 1995 (PWD Act, 1995) mandates every appropriate Government to appoint in every establishment such percentage of vacancies not less than 3% of persons with disability of which 1% each shall be reserved for persons suffering from:
One day paid weekly off for casual workers-implementation of the Order of Hon ble CAT, Ahmedabad bench in the OA No. 214 of 2003 filed by Smt. Bhikaben Pratapbhai Prajapati
It has been decided that casual workers working in offices having a five day week may be allowed one day paid weekly off provided they have worked for a minimum of 40 hours during the said week. The relevant provisions of the Department of Personnel and Training OM No.49014/2/86-Estt (C) 7th June, 1988 are amended to this extent.
Subscribe to:
Posts (Atom)