DOP SUBMITS A DETAILED PROJECT REPORT FOR SETTING UP A BANK

The department of posts will formulate a detailed project report for setting up a bank, in the XII Plan.

“The postal department has already conducted a study and has found that the proposal is feasible. DPR (detailed project report) is the next step to chalk out the exact blueprint for the model,” a senior official from the department of posts (DoP) told Business Standard.

The department will apply for a banking licence from the Reserve Bank of India. Post Bank of India may be set up with the required authorised capital of Rs 700 crore, the official added.

“The plan is to offer banking services in rural and semi-urban areas by converting our post offices into banks. The department has about 1.5 lakh post offices across the country, which is mainly located in rural areas,” a source said.

The department also operates the Post Office Savings Bank, where it has over 240 million savings accounts. It has a customer base of over 23.75 crore with an outstanding balance of Rs 6,19,611 crore as on March 31, 2011.

The postal department offers schemes such as savings account, recurring deposit, time deposit, monthly income account scheme, postal life insurance, public provident fund, Kisan Vikas Patras and National Savings Certificates.

The feasibility report has already laid out ownership, capital and organisational structure, as well as new product and services to be offered, among others.

According to working group report for XII Plan, the demand for rural banking is particularly high with only 39 per cent of households covered by institutional banking. Globally, postal organisations have transformed financial services into banks successfully. The global firms include Deutsche Post Bank, Japan Post Bank, Kiwi Bank, La Banque Postale (France).

The department is also focusing aggressively on its postal life insurance product. According to the information with the postal department, the department has about 5 million policies under postal life insurance with an assured amount of Rs 58,132 crore, while under rural postal life insurance; it has about 13 million policies with an assured amount of Rs 67,162 crore.

The PLI has been clocking an average growth rate of 32 per cent in terms of premium income while the growth rate of RPLI stood at 60 per cent in terms of premium income in 2009-10 over the previous year.

 Source : http://www.business-standard.com/

MAXIMUM SUM ASSURED OF PLI & RPLI ARE REVISED W.E.F 17.1.12

*PLI Directorate has revised the maximum sum assurance limits * - 
*from Rs 10 lac to 20 Lac in respect of PLI* - 
*from Rs 3 Lac to 5 Lac in respect of RPLI *
 *with effect from the date of issue of notification no 25-3/2003-LI dated 17.01.2012* 


Click here to view the order copy

F.A.Q regarding LTC

Department of Personnel & Training Establishment (A-IV)

Frequently Asked Questions and Answers on Leave Travel Concession (LTC) matters

S.No.	Question	Answer
1.	How are the claims of LTC be adjusted in case of delayed submission?	Where advance has been drawn, the claim for reimbursement shall be submitted within one month of the completion of the return journey.  Where no advance has been drawn, the expenditure incurred shall be submitted within three months of the completion of the return journey.  Administrative Ministry/Department concerned can admit the claims in relaxation of the provisions subject to the following time limits without reference to DoPT:  (a) Where no advance is taken, LTC Bill submitted within a period not exceeding six months; and  (b) Where advance has been drawn, claim for reimbursement submitted within a period of three months after the completion of return journey (provided the Govt. servant refunds the entire advance within 45 days after the completion of the return journey. Rule 14 of CCS(LTC) Rules,1988 read with -  O.M. No. 31011/5/2007-Estt.A dated 27th September, 2007
2.	Can a Govt. servant visit NER or N&K on more than one occasion on conversion of Hometown under the relaxation allowed for LTC visits to NER/J&K?	Govt. servant who has availed the benefit of Home Town conversion to NER/J&K in one block (say 2006-2009) can again visit NER/J&K in the new/next block (say 2010- 2013) subject to availability of LTC in a allowed particular block so long as the relaxation is in force.  1. O.M No. 31011/4/2007-Estt.(A) dated 02.05.2008  2. O.M No. 31011/4/2007-EStt.(A) date 23.04. 2010  3. O.M No. 31011/2/2003-EStt.(A) dated 18.06.2010
3 .	Can a Govt. employee avail of air travel to NER/J&K in case of All India LTC if his Home town and the Headquarters are at the same place?	Both NER and J&K scheme of LTC allow relaxation for air travel on All India LTC to all categories of employees to the extent specified in the DOP&T’s O.M 31011/4/2007- Estt.(A) dated 02.05.2008and DOP&T’s O.M 31011/2/2003-Estt.(A) dated 18.06.2010 even if the Hometown and the Headquarters are same.
4.	Whether Govt. servant who has already availed one Home Town LTC in the current block can avail LTC to visit NER?	Yes, he can avail it against All India LTC.
5.	Can a Govt. servant avail the benefit of visiting NER/J&K twice in a particular block of 4 years?	Yes, a Govt. servant can visit NER/J&K by conversion of his Home Town LTC and also by availing All India LTC subject to validity period of the scheme and fulfilling of other conditions.
6.	Can a fresh recruit avail the benefit of Home Townconversion to NER/J&K?	A fresh recruit Govt. servant can also avail benefit of HomeTown conversion to NER/J&K against one of the three occasions of Home Town available to him in each block.
7.	Can fresh recruit avail of conversion of Home Town to visit NER/J&K under the relaxation allowed for visiting NER/J&K?	Any Govt. employee can avail of the relaxation for visiting NER/J&K and convert one Home Town LTC for such visit in a block of 4 years as long as the relaxations continue.  1. O.M No. 31011/4/2007-EStt.(A) dated 02.05.2008  2. O.M No. 31011/2/2003-EStt.(A) dated 18.06.2010
8.	Can a fresh recruit Govt. servant avail of All India LTC anytime during the 4 year block?	It can be availed only the block and not at random.
9.	Whether Carry over of LTC is allowed to fresh recruits?	Carry over of LTC is not allowed to fresh recruits as they are eligible for every year LTC for the first 8 years of service.
10.	Who is a fresh recruit entitled for LTC every year?	A person who has joined service for the first time is treated as a fresh recruit for the first eight years.  O.M. No. 31011/4/2008-Estt.(A) dated 23.09.2008.
11.	How the LTC entitlements of fresh recruits are regulated in the first eight years?	On completion of one year, the Fresh recruit can be allowed 3 Home Town LTC and 1 All India LTC in each block of Four years in the first 8 years.  O.M. No. 31011/4/2008-Estt.(A) dated 23.09.2008.
12.	Whether Dependent parents of fresh recruits can avail LTC for the journey from HomeTown to Headquarters and back?	No, the dependent parents of fresh recruits can not avail LTC for the journey from Home Town to Headquarters and back.
13.	Whether claims for reimbursement can be allowed for road journeys by bus/taxi or other vehicle operated by private operators?	LTC Rules do not permit reimbursement for journey by a private car (owned/borrowed/hired) or a bus/van or other vehicle owned by private operators. LTC facility shall be admissible only in respect of journeys performed in vehicles operated by Govt. or any Corporation in the Public sector run by the Central or State Govt. or a local body. Rule 12(2) of CCS(LTC) Rules,1988 read with-  DoPT’s O.M. NO. 31011/4/2008-Estt.A dated 23 September, 2008
14.	Whether airfare of children whose full fare is charged by the airlines is reimbursed?	If full fare has been charged by the airlines and paid by the Government servant, the same will be reimbursed.
15.	Can a Govt. servant use the service of travel agents for LTC purpose?	Yes, but it should be limited to M/s Balmer Lawrie and Company and M/s. Ashok Travels and Tours.
16.	What is the definition of family for LTC?	For LTC purpose, family consists of  (i) Spouse of the Govt. servant and two surviving unmarried children or Step children.  (ii) Married daughters, who have been divorced, abandoned or separated from their husbands and widowed daughters residing with and wholly dependent on the Govt. servant.  (iii) Parents and/or step parents residing with and wholly dependent on the Govt. servant.  (iv) Unmarried minor brothers as well as unmarried, divorced, abandoned, separated from their husbands and widowed sisters residing with and wholly dependent on the Govt. servant provided their parents are either not alive and are themselves wholly dependent on the Govt. servant.  Rule 4 of CCS(LTC) Rules,1988 read with  O.M. No. 31011/4/2008- Estt.(A) dated 23.09. 2008.
17.	What are the dependency criteria?	A member of family whose income from all sources, including pension, temporary increase in pension does not exceed Rs.3500 from 01.09.2008 and Dearness relief thereon is deemed to be wholly dependent on the Government servant.
18.	Can parents/children residing at other places avail LTC to visit the Govt. servant at Headquarters and go back?	No, reimbursement of LTC claims being restricted to the entitlement for journey between Headquarters and place of visit, the , amount reimbursable in such cases is nil.  O.M. No. 31011/14/86-Estt.(A) dated 07.05.1987

Courtesy : 90paisa.blogspot.com

Important Clarification regarding Availing LTC by AIR.

Controller General of Defence Accounts,

Ulan Batar Road, Palam, Delhi Cantt - 110010

AN/XIV/14162/VIth CPC/Circular/Vol-IV

Dated: 27/01/2012.

To,
All PCsDA/CsDA
(Through CGDA Mail Server)

Sub:- Clarification regarding Relaxation for travel by air to visit NER/J&K against All India LTC.

   Reference is invited to this HQrs. office circular of even no. dated 28.12.2011 on the above subject.

   2. In this connection, DOP&T have further clarified vide their OM No 31011/8/2010-Estt.(A) dated 18th January 2012 that a Government employee can avail All India LTC to visit J&K by air and those who are not entitled to travel by air may be allowed to travel by air to a city in the J&K from Delhi or Amritsar. Journey upto Delhi/Amritsar will have to be taken as per their entitlement. Also a Government employee can avail All India LTC to visit NER by air and those who are not entitled to travel by air may be allowed to travel by air to a city in the NER from Guwahati or Kolkata. Journey upto Guwahati/Kolkata will have to be taken as per their entitlement.”

   This is for your information, guidance and necessary action please.

   Please acknowledge receipt.

Sd/-

(R.K. Bhatt)

For CGDA

Source: http://www.cgda.nic.in/adm/ltc250112.pdf

Clarification Received for RD Default fee/PMI calculation

SB ORDER NO. 31/2011

F.No.113-01/2011-SB

Government of India

Ministry of Communications & IT

Department of Posts

Dak Bhawan, Sansad Marg,

New Delhi-110001, Dated: 20.01.2012

CORRIGENDUM-III

To

All Heads of Circles/Regions

Addl. Director General, APS, New Delhi.

Subject:- Clarification regarding default fee in RD and calculation of Post Maturity Interest.

Sir / Madam,

The undersigned is directed to refer to this office letter of even number dated 13.12.2011 (SB Order No.31/2011) and Corrigendum-I issued on 20.12.2011 and Corrigendum-II issued on 02.01.2012 on the subject. This office is still receiving phone calls regarding charging of default fee in RD from 1.1.2012 under modified rules and calculation of PMI. Following further clarifications are issued on the subject:-

In case of RD

Since the rule of default fee and the software have not been amended, no default fee is to be charged if the above rule is not followed till the rule and software is amended. Default fee provision will remain the same. This rules has been got modified to avoid rush of RD work in the last week of a month. Amendment in the rule for charging default fee shall be taken up with Min. of Finance once the work of putting stamps on all the RD Passbooks is completed and depositors become familiar about the change.

In case of PMI

It is further clarified that PMI is to be calculated for the complete month from the date of maturity and remaining part of the month is to be ignored. Revised example is given below:-

if an account was matured on 26.8.2009 and the depositor attends the post office on 30.01.2012, he/she will be paid PMI at the rate 3.5% from 26.08.2009 to 25.12.2011 (28 complete months) and at the rate 4% from 26.12.2011 to 25.01.2012 (one complete month). Period from 26.1.2012 to 30.1.2012 (being part of month) will be ignored.

Yours faithfully,

(Kawal Jit Singh)

Assistant Director (SB

IPC Section 161 to 190 CHAPTER IX OF OFFENCES BY OR RELATING TO PUBLIC SERVANTS. Study Material for IPO Examination

THE INDIAN PENAL CODE, 1860 (Sec 161 to 190)

CHAPTER IX OF OFFENCES BY OR RELATING TO PUBLIC SERVANTS

Section 166. Public servant disobeying law, with intent to cause injury to any person.

167. Public servant framing an incorrect document with intent to cause injury.

168. Public servant unlawfully engaging in trade.

169. Public servant unlawfully buying or bidding for property

170. Personating a public servant.

171. Wearing garb or carrying token used by public servant with fraudulent intent.

171A. "Candidate", "Electoral right" defined.

171B. Bribery.

171C. Undue influence at elections.

171D. Personation at elections.

171E. Punishment for bribery.

171F. Punishment for undue influence or personation at an election.

171G. False statement in connection with an election.

171H. Illegal payments in connection with an election.

171-I. Failure to keep election accounts.

CHAPTER X OF CONTEMPTS OF THE LAWFUL AUTHORITY OF PUBLIC SERVANTS

172. Absconding to avoid service of summons or other proceeding.

173. Preventing service of summons or other proceeding, or preventing publication thereof.

174. Non-attendance in obedience to an order from public servant.

175. Omission to produce document to public servant by person legally bound to produce it.

176. Omission to give notice or information to public servant by person legally bound to give it.

177. Furnishing false information.

178. Refusing oath or affirmation when duly required by public servant to make it.

179. Refusing to answer public servant authorized to question

180. Refusing to sign statement.

181. False statement on oath or affirmation to public servant or person authorized to administer an oath or affirmation.

182. False information, with intent to cause public servant to use his lawful power to the injury of another person.

183. Resistance to the taking of property by the lawful authority of a public servant.

184. Obstructing sale of property offered for sale by authority of public servant.

185. Illegal purchase or bid for property offered for sale by authority of public servant.

186. Obstructing public servant in discharge of public functions

187. Omission to assist public servant when bound by law to give assistance

188. Disobedience to order duly promulgated by public servant.

189. Threat of injury to public servant.

190. Threat of injury to induce person to refrain from applying for protection to public servant.

Please visit  http://nfpemavelikaradivision.blogspot.com

Collected by  S Jayachandran , SA , Divisional Office , Mavelikara

Courtest: WWW.SAPOST.BLOGSPOT.COM

Enhancements in the rate of various allowances by 25% as a result of enhancement of D.A. w.e.f. 1.1.2011.

Kendriya Vidyalaya Sangathan

18, Institutional Area

Shaheed Jeet Singh Marg

New Delhi-110016

F.No. 110239/51/2/2011 /KVS (Budget) 

Dated: 20.01.12

The Dy.Commissioner
Kendriya Vidyalaya Sangathan
All Regional Offices.

Subject:- Enhancements in the rate of various allowances by 25% as a result of enhancement of D.A. w.e.f. 1.1.2011.

Madam/Sir’,

   In accordance with the recommendation of VIth CPC the rates of various allowances/advances admissible to different categories of employees will be automatically increased by 25%, whenever Dearness Allowance payable on the revised pay structure goes up by 50%..

   Accordingly approval of the competent authority of KVS is hereby conveyed for enhancement of such allowance & advances w.e.f. 1.1.2011.

Yours faithfully,

sd/-

(S.Muthusivamr)

Asstt. Commissioner(Fin.)

Source: http://www.kvsangathan.nic.in/CircularsDocs/cir-acct-24-01-12.PDF

Please clarify and write your comments....

Hi my dear Postmasters,,,,,...

                 Did you read the LSG recruitment rules? In that recruitment rules, officials who are all completed 5 years service in the pay band 5200-2400-20200 is automatically eligible to promote as LSG SPM with pay band 5200-2800-20200 without any examination. If so What my question is, If after 5 years service, without examination we are eligible for 2800 grade pay, then what is the need of writing PM Grade I without any remuneration? Will cadre restructure committee and anomaly take this issue? Give vide publicity among our Postmaster cadre friends and union secretaries who are serving as Postmaster cadre now. 

Further comments and clarification regard this would be highly appreciated.

happy republic day wishes. Jai hind

BASIC INFO ABOUT POSTMASTER CADRE

For the officials who are going to appear in Postmaster Grade I exam 2012

1.       Seperate cadre created from LSG officials and for 5yrs service completed PA officials

2.                   PM grade I, II, III officies are being carved from LSG, HSGII, HSGI offices respectively.

3.                   In future all LSG/HSGII/HSGI offices will be converted as PM Grade I, II, III offices respectively.

4.                   Pay fixation will be 5200-2800-20200

5.                   PM grade officials will be the Office incharge thro out their career

6.                   He won’t work as a subordinate to anyone in his office thro out their career

7.                   He will be the sub appointing authority to GDS if he served in unit PM Grade office.

8.                   All are time bound promotions after passed PM GR exam. After passed PM Grade I, examination no need to write further examinations for further promotion viz PMGrII, PMGrIII, Sr. PM

9.                   2 yrs probationary period for PM GrI, PM GrII officials

10.              After 6yrs service of PMGrI he will be eligible to serve as PM Grade-II, After 5 yrs service as PMGrII he will be eligible to serve as- PMGrIII and after 2yrs service of PMGrIII he will be eligible to serve as Senior postmaster Cadre

11.              For Senior Postmaster Cadre-75% will be recruited from Administrative line, and 25% Sr. PM officials will be recruited from PM grade officials here after

12.              Appointing authority is CPMG

13.              Circle level seniority will be maintained and Gradation list will be prepared in the same manner.

14.              Concerned Regional DPS will be the head for the DPC

15.              PM Grade officials shall be working as Root level Manager and implementing various projects of DOP.

Top Eight Mistakes while conversation and interview

1. Use language that is too informal It is important to remember that you are interviewing for a job, not trying to make a new best friend. Too much familiarity can hurt your chances by making you look unprofessional. 


2. The use of words that are vague Words such as "a lot," "various/multiple" and "great deal of" are vague and don't give the interviewer the needed information. 


3. Misuse of pronouns It can be very confusing and words can be misinterpreted when pronouns are misused. Be especially alert to this when you are using the pronouns "we," "I," and "you". 


4. Using company-specific words Each company has certain terms that are indigenous only to that company. Outsiders will not know what you are talking about if you use these terms. This is especially true if you have worked for a public organization or the military. You should use as many specific words as possible in your interview so that the hiring manager knows you are familiar with your industry.. 


5. Assuming everyone knows the acronym you are using Acronyms are used at every company -- shortcuts used internally to eliminate a lot of words. Avoid using these in a interview because the hiring manager may not be familiar with the acronyms used at your current company. 


6. Describing skills by using "weak" words Beware of small words that can sabotage your credibility -- words like "pretty," "most of the time," and "kind of,". 


7. Use of few words to answer the question One pet peeve many interviewers have is not getting enough information. When a candidate answers a question with one or two words, it's impossible to make a judgment as to whether this person is the right person for the job. 


8. Talking too much -- not getting to the point When you fail to prepare for the interview, you can easily ramble and go off the subject down some other road. A rule of thumb is, "Your answers should be no longer than two to three minutes long."


courtest:www.gossip.blogspot.com

Official Announcement of Minutes of Meeting with JCA.

Now Strike demands and minutes of meeting with JCA is circulated by the competent authority.

Click here to download the official document for the minutes of meeting between the department and JCA

THANKS TO JCA