RBI cuts CRR: Home and auto loan rates expected to come down

MUMBAI: Your home and auto loan rates are expected to ease after the Reserve Bank of India slashed cash reserve ratio by 25 basis point to 4.50% in its mid quarter review of the monetary policy on Monday. CRR is the minimum proportion of deposits that banks must hold with the central bank. The CRR reduction is expected to inject Rs 17,000 crore liquidity into the banking system. 

The move is primarily aimed at managing the tight liquidity expected in the next few weeks on increased currency leakage during the upcoming festive season, and to ensure smooth flow of credit to productive sectors of the economy. 

Adequate and sustained liquidity will add to the banking and business confidence. We have seen a concerted reduction in deposit rates and eventually we will see lending rates softening. This will be translated into retail rates as well,'' said Rana Kapoor managing director and chief executive officer, Yes Bank. 

Only Retired Judges may head RTI commissions, says Supreme Court

NEW DELHI: The Supreme Court on Thursday edged out "eminent people" from heading commissions under the Right to Information Act by ordering that only sitting or retired chief justices of high courts and SC judges would be appointed as chief information commissioners at both the Centre and the states. 

In addition, sitting or retired HC judges should be preferred in appointment of information commissioners, it said, faulting the vague criteria for such appointments provided under the RTI Act. 

The bench of Justices A K Patnaik and Swatanter Kumar may have boosted post-retirement opportunities for HC and SC judges by ruling that the information commissions were "judicial tribunals" performing functions of "judicial" and "quasi-judicial" nature and had trappings of a court and should be headed by a judicial mind. 

The gain for retired judges would be at the cost of former officials. The Act prescribes appointment of information commissioners from among persons of eminence in public life and those with wide knowledge and experience in the fields specified under the legislation. 

Source :http://timesofindia.indiatimes.com

DOWNLOAD ADMIT CARD/HALL TICKETS FOR LGO EXAMINATION SCHEDULED TO BE HELD ON 16.09.2012

CLICK HERE TO DOWNLOAD ADMIT CARD/HALL TICKET

Working more than 8hrs a day ups heart risk

Working more than eight hours a day raises the risk of heart disease by up to 80 per cent, a new study has revealed.

Researchers said that long working hours could be condemning thousands of employees to heart attacks and strokes.

The warning follows analysis of 12 studies dating back as far as 1958, involving a total of 22,000 people from around the world.

USE OF BARCODE FOR BOOKING OF REGISTERED ARTICLES IS MANDATORY FOR ALL POSTOFFICES

Soon, the postman will knock, tablet in hand

Very soon, your friendly neighbourhood postman will bring along a tablet computer when he knocks at your door, to carry out all transactions related to delivery of cash, banking activities and a few more.

Infosys’Vice-President and Head for India Business Raghu Cavale told Business Line that India Post is in talks with the IT major to source hardware and software for the next phase of its computerisation. This project will involve sourcing of low-cost 7-inch and 10-inch tablets and the development of apps for them. Infosys will also develop intellectual property (IP) out of its Bangalore office for these apps.

Five foreign consultants in race for ‘Post Bank of India’ project

The Department of Posts has issued request for proposals (RFP) to fivetop notch foreign consultancy firms for the proposed Post Bank of India project.

The five short-listed firms are Accenture Services, Boston Consulting Group, Ernst & Young, KPMG Advisory Services and McKinsey & Co.

The Department of Posts (DoP) is looking to set up a bank — Post Bank of India (PBI) — to provide banking services with special focus on rural areas.

DOPT issued ‘Frequently Asked Questions’ (FAQ) on ‘Right to Information Act’ (RTI)

DOPT issued FAQ on RTI

Department of Personnel and Training has issued an another clarifications on Right to Information Act (RTI) as in the form of FAQ. Nearly seventeen questions and answers are compiled with simple and effective information. We reproduced the contents of the FAQ and given below for your reference…

FREQUENTLY ASKED QUESTIONS (FAQs) ON RTI (AS ON JANURARY 2012)

Q.1. What is Information?  

Information is any material in any form. It includes records, documents, memos, e-mails, opinions,  advices, press releases, circulars, orders, logbooks, contracts, reports, papers, samples, models, data 

material held in any electronic form. It also includes information relating to any private body which can be accessed by the public authority under any law for the time being in force.

ALL INDIA MEET OF POSTMASTERS OF INDIAPOST TO BE HELD AT MUMBAI ON 1ST OCTOBER 2012

DEAR POSTMASTER,

I HOPE THAT ALL THE CIRCLE CO ORDINATORS AND THE REGIONAL CO ORDINATORS OF THE MAHARASHTRA CIRCLE MIGHT  HAVE RECEIVED THE INVITATION FOR THE ALL INDIA MEET OF POSTMASTERS IN INDIA POST TO BE HELD OF 1ST OCTOBER 2012. IF NOT PLEASE GET THE PRINT OUT OF THE INVITATION IN THIS BLOG AND  INFORM AND INVITE ALL THE POSTMASTERS OF YOUR CIRCLE. THE REGIONAL CO ORDINATORS OF MAHARASHTRA MIGHT HAVE STARTED THE FUND RAISING FROM THE MEMBERS. THOSE WHO HAVE ALREADY COLLECTED THE FUND PLEASE CREDIT THE SAME IN THE SBI A/C NUMBER 32143498460 AT MUMBAI BRANCH  IMMEDIATELY.

THE CIRCLE REPRESENTATIVES WILL PAY THE DELEGATION FEE AT THE VENUE OF THE MEETING.

ALL THE BEST.... FOR ALL INFORMATION ABOUT THE PM MEETING CLICK BELOW :

courtesy:http://www.postmastermaharashtra.blogspot.in/search/label/PM%20MEETING

Minutes of the meeting of the National Anomaly Committee.

Click here to  view Minutes of the meeting of the National Anomaly Committee held on 17th July, 2012.

Officials working in the posts of PO & RMS Accountant are eligible for Special Allowance even after grant of MACP upgradation - orders of Directorate

It was ordered by Postal Directorate vide O.M F.No 1-02/2011-PAP dated 31.08.2012 that both the unqualified and qualified officials posted against the posts of PO&RMS Accountants are entitled to necessary Special Allowance on their financial up gradation under MACP Scheme. The Special allowance shall however be discontinued on their functional promotion.

These orders will apply mutatis mutandis to the officials working in the posts ofCashiers /Treasurers also.

Click here to view the said Directorate letter in original. 

Posting of Husband and Wife at the Same Station.

No.EP.3(1)/2012
FOOD CORPORATION OF INDIA
HEAD QUARTERS, KHADYA SADAN
16-20, BARAKHAMBA LANE

New Delhi, dated 24th August, 2012.

(Circular No.EP-03-2012-21)

Subject:- Posting of husband and wife at the same station.

   Reference is Invited to the clause 3.2 of Circular dated 05.01.2011 pertaining to transfer policy for Category I officers which provides that FCI would be guided by the exiting policy frame work of the Central Government on posting of husband and wife together as far as possible and administratively feasible. Similarly, Clause (11) of Section II of Circular dated 21.11.2002 and Clause 1(a) of Section-II of Circular dated 30.03.2012 pertaining to transfer policy for Category II, III and IV contains the provisions for posting both husband and wife at one station as far as possible to enable them to lead normal family life subject to administrative convenience and other terms and conditions.

Anticipated pay scale for Bank Officers in 10th BPS

Based on trends of earlier settlements one of the popular website has published a projection. We are not reproducing the same here, just providing the link for our viewers, who are very much eager to know the quantum of  hike.

Kindly remember that it is nothing but an estimated projection.

RESOLUTION ON GDS PROBLEMS—REG

Tele-Fax: 23697701

ALL INDIA POSTAL EXTRA DEPARTMENTAL EMPLOYEES UNION

(Central Head Quarter)

First Floor, Post Office Building, Padamnagar, Delhi 110007

President:                    D. N. Giri

General Secretary:       S.S. Mahadevaiah

No.  GDS/AIC/25/Resolutions/2012                     Date: 05.09. 2012

To

 Smt.Manjula Prasar,

     Secretary,    

     Department of Posts

     Dak Bhavan,

     New Delhi - 110001

SUB:  RESOLUTION ON GDS PROBLEMS—REG.

Respected Madam,                                  

          A resolution adopted at the All India Convention of the AIPEDEU held on 24^th August, 2012 at Aggrawal Dharmasala, Model Town Delhi resolved unanimously the following Resolutions. On the above subject is submitted herewith for consideration and necessary action.

          We humbly request you kindly to consider the views put forth in the resolution and necessary positive order may kindly be issued in favour of the Postal G.D.S employees of the country.  

           With high regards,                                                 Yours faithfully

          D.A. -1

                                                                                                                                 Sd/-

                                                                              (S.S. MAHADEVAIAH)

                                                                                     General Secretary

ALL INDIA POSTMASTERS MEET TO BE HELD AT MUMBAI ON 1ST OCTOBER 2012

 ALL POSTMASTERS (POSTMASTER CADRE) IN INDIAPOST MUST BE VERY CLEAR NOW THAT THE POSTMASTER CADRE IS A SEPERATE CADRE IN THE RULES AS PER THE LETTER ISSUED BY THE DIRECTORATE IN WAKE OF THE CAT JUDGMENT AGAINST  THE  OA no 640/2011 filed by Shri Subrat Kumar Mahali before Hon'ble CAT, Cuttack Bench.

 ALSO THE DIRECTORATE IS WAITING FOR THE RESPONSE  FROM THE POSTMASTER CADRE OFFICIALS FOR ALLOWING THEM TO APPEAR FOR THE IPAND GR B LDCE AS EXPRESSED IN THE REPLY GIVEN IN THE Minutes  ON THE POINTS 18 AND 19 RELATED WITH THE POSTMASTER CADRE IN the meeting dated 21.05.2012 taken by Secretary (Posts) with Postal Joint Council of Action (PJCA) IS REPRODUCED BELOW :

MODEL QUESTIONS FOR IPO EXAM PAPER III (INDIAN EVIDENCE ACT 1872 QN 26-50)

(INDIAN EVIDENCE ACT 1872 QN 26-50)

26.       Which one of following is a fact

            a)         Hari said                                                        b)         Mohan saw

            c)         Ram told a lie                                               d)         Any of these             Ans:d(3)

  

27.       That man heard or saw something, it is

            a)         A fact                                                              b)         A document 

            c)         An evidence                                                 d)         Done                          Ans:a(3)

28.       That man has a certain reputation it is

            a)         An evidence                                                 b)         A fact

            c)         A document                                                  d)         All                               Ans:b(3)

29.       Court includes-

a)            All magistrates and judges

b)            All persons authorized to take evidence

c)            Both the A & B

d)            None of these                                                                                               Ans:c

30.       A map or plan is -

            a)         A fact                                                              b)         A document 

            c)         An evidence                                                 d)         Done                          Ans:b(3)

GUIDE FOR PREPARE POSTAL/SORTING ASSISTANT EXAMINATION

Collection  of Questions  -  General  Knowledge
General  Knowledge  Question  Set No  I	DOWNLOAD/VIEW
General  Knowledge  Question  Set No  I	DOWNLOAD/VIEW
General  Knowledge  Question  Set No  2	DOWNLOAD/VIEW
General  Knowledge  Question  Set No  3	DOWNLOAD/VIEW
General  Knowledge  Question  Set No  4	DOWNLOAD/VIEW
General  Knowledge  Question  Set No  5	DOWNLOAD/VIEW

PA /SA Online application kits is available in www.indiapost.gov.in

Website Link: http://www.examinationonline.in/dop/

Good news for applicants of PA / SA Recruitment 2011 & 2012. You can get it Online.

Dte has requested the outsourced agency to print 10 lacs OMR kits for sale throughout India thro selected POs. Due to huge sale of forms, it is difficult to print within short period. Hence Dte is decided to upload the forms in www.indiapost.gov.in so as to download by the applicants.

Online application kits will be available in www.indiapost.gov.in from 03.09.12 to 25.09.12 only.

Model Questions for IPO Exam

INDIAN EVIDENCE ACT 1872

26.       Which one of following is a fact

            a)         Hari said                                                        b)         Mohan saw
            c)         Ram told a lie                                               d)         Any of these             Ans:d(3)
  
27.       That man heard or saw something, it is

            a)         A fact                                                              b)         A document 
            c)         An evidence                                                 d)         Done                          Ans:a(3)

SAVING SCHEME IN POST OFFICES Lok Sabha yesterday

The Minister of State for Communications & Information Technology Sh Sachin Pilot informed the Lok Sabhayesterday that the gross deposit of Small Savings Scheme in Post Offices declined in the financial year 2011-12 as compared to the year 2010-11.

The decline of gross deposit in small savings schemes is, among other things, due to investor’s choice of alternative instruments for effecting savings. The Government has taken following measures to make the small saving schemes more attractive:-

1. The rate of interest on Post Office Savings Account (POSA) has been increased from 3.5% to 4%. The ceiling of maximum balance in POSA 1 lakh in single account and 2 lakh in joint account) has been removed.

IP EXAM POSTPONED AGAIN TILL FURTHER ORDERS

ALL INDIA MEET OF POSTMASTERS OF INDIA POST ON 01.10.12

           INVITATION

          Necessity unites

As long as our ideas are the same, we will never be apart

POSTMASTERS OF MAHARASHTRA CIRCLE PROUDLY  HOST THE FIRST EVER GET TOGETHER OF POSTMASTERS OF INDIA POST

(www.postmastermaharashtra.blogspot.com) & (www.postmastercadre.blogspot.com)

 POSTMASTERS (postmaster cadre) OF MAHRASHTRA CIRCLE CORDIALLY INVITES YOU FOR THE FIRST ALL INDIA MEET OF POSTMASTER CADRE TO BE HELD ON 1 ST OCTOBER 2012 MONDAY AT 11.00 HRS.

Sanchay post 7.0 Version Latest update self extractor 05.09.12

Just download the exe file from below link and the double click the exe file. Change the Sanchay post installation drive if required (By default extraction hard drive will be as C:\). Check the patch updation status from the latest DB analyser dated 05.09.12

Click here to download the SP5 self extractor file dated 05.09.12

Holding of PA/SA Direct Recruitent for the year 2011 & 2012 through the approved outsourced agency.

POSTAL ASSISTANT / SORTING ASSISTANT MODEL QUESTIONS

PLESAE CLICK HERE 

Sanchay Post patches,DB Analyzer update as on 05/09/2012

Patches for Version 7.0 dated 5/9/2012 had been released.

For Online Transactions,SOSB Online,NREGS - Data Entry,NREGS - SOSB Data Entry,SBCO

Download

DB Analyzer dated 5.9.2012 had been released

Download

REPLACE CASTE BASED RESERVATION WITH ECONOMIC BASED RESERVATION

MUST SHARE! Reservation is The worst Democracy Stop Divide and rule policy ABOLISH RESERVATION BASED ON CASTE SYSTEM AND REPLACE IT WITH RESERVATION BASED ONLY ON ECONOMIC CONDITION.

Dear POLITICIANS, Please SEE INDIAN CITIZENS AS HUMANS: NOT VOTE BANKS

If you are against reservation please share this photo and show your protest against reservation join us in this cause.

Flash News

LGO Exam of Tamilnadu Circle has been postponed to 16.09.2012.

Courtesy:http://srirangamanjal.blogspot.in

Meeting of Postmaster Grade I Punjab Circle Held at Jalandhar

A MEETING OF POSTMASTER GRADE I OF PUNJAB CIRCLE WAS HELD AT HOTEL CITY HUB, NEAR P&T COLONY, JALANDHAR ON 2/9/2012 AT 1100 HOURS. THE FOLLOWING 20 OFFICIALS FROM DIFFERENT PARTS OF THE CIRCLE ATTENDED THE MEETING INCLUDING ONE FEMALE MEMBER.

1. SH. DALIP KUMAR PM GRADE I GURU HAR SAHAI

2. SH. GURPREET BEDI PM GRADE I TALWANDI BHAI

3. SH. PURSHOTAM LAL PM GRADE I DHARAMKOT

4. SH. MANISH KAPOOR PM GRADE I JANDIALA GURU

5. SH. PARDEEP KUMAR PM GRADE I GARDIWALA

6. SH. RAJINDER SINGH PM GRADE I KURALI

7. SH. AJIT SINGH PM GRADE I URMAR

8. SH. VIJAY KUMAR PM GRADE I DBJS BEAS

9. SH. GAURAV BATRA PM GRADE I JALALABAD(WEST)

10.MS. SONIKA PM GRADE I GORAYA

11.SH. VINOD SALGANIA PM GRADE I BASSI PATHANA

12.SH. MAHENDER SINGH PM GRADE I RAYYA

13.SH. HARJINDER SINGH LEHRI PM GRADE I AJNALA

14.SH. PRITPAL SINGH PM GRADE I ADAMPUR AD

15.SH. SUNIL NAROTRA PM GRADE I PAU LUDHIANA

16.SH. SITAL SINGH PM GRADE I SECTOR 15 CHANDIGARH

17.SH. GURMUKH SINGH PM GRADE I SATNAMPURA

18.SH. NARINDER PAL PM GRADE I SUJANPUR

19.SH. HARDEEP SINGH PM GRADE I DHARIWAL

20.SH. MANPREET SINGH PM GRADE I MADHOPURI LUDHIANA

THE MEETING WAS STARTED BY WELCOME NOTE FROM SH. DALIP KUMAR POSTMASTER GRADE I, GURU HAR SAHAI.

Inventors and Discovers - Study material for IPO/PM cadre and Postal /Sorting Assistant

1.       Who  made the first balloon that could fly  in  the air  Jacques

2.       Who  invented the first bicycle Baron Daris in 1816

3.       Who  discovered  the metals sodium  and potassium Sir Humphry  Davy

4.       Who   invented the compound microscope Hans and Zacharias  Janssen of Netherlands

5.       Who  discovered the laws of gravitation  Sir  Issac Newton

6.       Who  compiled the first logarithmic  table John Napier  in 1614

7.        Which Danish physicist and chemist founded electromagnetism in 1820 and was also the first isolate aluminum Hans  Christian Oersted

8.       Which planet was  discovered by Sir Willam Herschel in 1781 Uranus

9.       Name the gas discovered in  air by Rayleigh and Ramsay Argon

10.   Who  first made  the incandescent lamp Thomas Alva Edision

11.   Who  discovered Bahama , Cuba and west indies Christopher Columbus

HONORARIUM / INCENTIVE IN INDIA POST

I)  SB commission paid to BPMS
 1) one year TD                                        0.5%
 2)Two years & three years TD                     1%
 3) five years TD                                         2%
 4) POSB                                                     2% on net accretion of not less than Rs.500.excluding deposit made
                                                                     in March but including withdrawals of March.
II)  Incentive@ 2% of the sale of stamps/stationery up to Rs 30/- to each customer.

III) Commission paid to PRSS:

Frequently Asked Questions - Sanchay Post Version 7.0 dated 30.08.2012

	For SCS Accounts closed after completion of 8 years (extended accounts), interest for no. of days elapsed from date of maturity to date of closure is erroneously calculated at the rate of 9%.
	Post Maturity has to be paid for completed months only at SB rates of interest. Post Maturity Interest should be calculated manually at the time of closure.
2.	After entering the details in SB >> ECS Debits & Credits form, the transactions are not reflected in LOT.
	After entering the details in the COUNTER login, the transaction should be authorized by the Supervisor. Only after the transaction is authorized by the supervisor, it will be reflected in the LOT.
3.	Cleared RD PRSS/agent cheques are not shown in ‘RD PRSS Post Entries’ form for selection.

ALL INDIA POSTMASTERS MEET AT MUMBAI on 01.10.12

DEAR POSTMASTERs,

AS DECIDED, ALL THE REGIONAL CO ORDINATORS OF MAHARASHTRA CIRCLE ARE REQUESTED TO START THE FUND COLLECTION FROM THE POSTMASTER CADRE OFFICIALS AND CREDIT THE AMOUNT IN THE SBI ACCOUNT NO : 32143498460 AS FUND TRANSFER FOR ALL INDIA POSTMASTER MEET TO BE HELD AT MUMBAI CENTRAL, NEAR TULSIWADI RTO OFFICE,MUMBAI 400 034 AT 11.00 A.M.

Taking CAT decision as a Rule to deny legitimate rights of Postmaster Cadre!

Letter from DG to all Circle heads

NO.93-9/2012-SPB-11 dated 30.05.2012

Sub:-OA no 640/2011 filed by Shri Subrat Kumar Mahali before Hon'ble CAT, Cuttack Bench.

Sir/Madam

I am directed to refer to the subject mentioned above and to say that the OA has been filed seeking to quash the action of the circle in debarring the applicant from appearing for IPO Departmental Exam held on 15-16 th October, 2011. The Orissa circle did not allow the applicant to appear in the examination in terms of Diretorate's lr no 4-29/2011-SPB dated 24.08.2011.

The tribunal vide their order dated 10.04.2012 has dismissed the OA observing that the authority has every right to take policy decision through executive instruction .

It is requested that similar CAT/Court cases may be defended in the light of the judgement cited above.

International Parcel Tariff updation patch

A patch for updating international parcel tariff updation had been released by PTC.

Click here to Download

PA/SA DIRECT RECRUITMENT APPLICATIONS AVAILABLE IN ONLINE.

Good news for applicants of PA / SA Recruitment 2011 & 2012. You can get it through Online.

Dte has requested the outsourced agency to print 10 lacs OMR kits for sale throughout India thro selected POs. Due to huge sale of forms, it is difficult to print within short period. Hence Dte is decided to upload the forms in www.indiapost.gov.in so as to download by the applicants.Online application kits will be available in www.indiapost.gov.in from 03.09.12 to25.09.12 only.Those applied thro OMR kits need not apply again.

Online Procedure :
Click “Register Online” link.
Enter the details like a) Name b) DoB c) e mail ID d) Alternative e mail ID.
Click Submit button.

Delegated officers List of Southern Region, Tamilnadu circle to the Mumbai All India Postmaster Meet on 01.10.12

Dear Postmaster Cadre friends of southern Region, Tamilnadu circle,

LONG LIVE UNITY

          As Per the All India Postmaster Cadre Meet coordinators request, every region should represent 2 Postmaster cadre friends to participate in the meet. For that purpose We are very happy to inform that, Four enthusiastic and active Postmasters gave willingness to join their hands in All India Postmaster Meet. It is assured that they shall represent our issues usefully, and they could provide a valuable suggestions to CHQ to draw a better road map to conquer the obstacles faced by the postmaster cadre officers till now and for our better future and for our better survival too in this cadre.

Delegated PM cadre officers list is as follows:

GOVT SECTOR OF DOP GOING TO BE BIFURCATED LIKE TELECOM SECTOR-IT MINISTER

TELECOM SECTOR BIFURCATED FROM GOI DURING THE YEAR 1999. NOW THEY ARE STRUGGLING FOR THEIR EXISTENCE. NOW DOP GOING TO FACE THE SAME ISSUE.

Communications and IT Minister Kapil Sibal has called for restructuring of 150-year-old Department of Post by separating its regulatory and services functions to meet challenges of technological age.

"The postal department should also restructure itself to meet challenges of 21st century. The Department of Post (DoP) should look into prospect of bifurcating the ministry from the regulator and the operator, just as was done in the telecom sector," Sibal told PTI.