Friday, March 1, 2013
Budget 2013-14 Highlights
Budget for 2013-14 presented in the Lok Sabha Thursday by Finance Minister P. Chidambaram. Few highlights are as under:
* No plans to revise direct tax rates * Surcharge of 10% on Rs 1 crore plus income earners.
* Rs 532 crore to make post offices part of core banking.
* PSU banks to have ATMs at all their branches by March 31, 2014.
* Rs 80,194 crore allocation for Ministry of Rural Development in 2013-14. About Rs 33,000 crore for MGNREGA.
* TDS of 1% on land deals over Rs 50 lakh, agricultural land exempted.
* Commodity transaction tax introduced.
To view full highlights, please CLICK HERE.
Restriction on Issue of Cheques from Saving Bank Accounts
Reserve Bank of India (RBI) has issued a Master Circular dated 02.07.2012 on ‘Customer Service in Banks’ which, inter-alia, provides that banks may issue cheque books with larger number of leaves (20 or 25) if a customer demands the same and also ensure that adequate stocks of such cheque books (20 / 25 leaves) are maintained with all the branches to meet the requirements of the customers.
This was stated by the Minister of State for Finance, Shri Namo Narian Meena in a written reply to a question in the Rajya Sabha today.
Source : pib
S B order No. 02/2013
Enhancement of limit for verification of withdrawals from Savings Accounts made at Extra Departmental Sub/Branch Post Offices and Single Handed Post Offices
To view SB Order No.02/2013 wherein the present limit of Rs.5000/- has been enhanced to Rs.10,000/- w.e.f. 01.03.2013
Click here to view S B Order No. 02 / 2013
Negative List Updation Patch
The file 'NL_20130131.exe' should be copied to DBAnalyzer folder and executed after completion of day's transactions. This will update the negative list upto 31/01/2013 in Sanchay Post.
In addition to Negative List, updations relating to PINCODE details are also done in the database. Hence, execution of this patch will take longer than the usual updation time. System Administrators should ensure that the server is not switched off till successful execution of the patch.
Note:
This patch file updates the negative list available in Sanchay Post software. To confirm updation, use the "Database Discrepancies >> NSC >> Details of Negative List Updation" option available in DBAnalyzer software.
Downloadable from FTP site of PTC, Mysore
Budget 2013: Home loan borrowers allowed additional deduction of Rs 1 lakh
NEW DELHI: In a move that will bring cheer to many prospective home-owners, Finance MinisterP Chidambaram announced incentives for home loan borrowers in his budget 2013 speech.
Chidamabram said that any person taking a first time home loan up to Rs 25 lakh during the financial year 2013-14 will be allowed an additional tax deduction of interest of up to Rs 1 lakh.
Finance Minister said that the move will help promote affordable housing and also provide employment to many in the construction sector.
Chidambaram started his speech by reiterating the resolve of his government to cut expenditure and bring the Current Account Deficit back on track. He also pointed out how India is still the third fastest growing economy amongst the bigger countries.
As the speech progressed, the FM went on to reiterate UPA's pet goal of inclusive development. he subsequently announced many schemes & allocations for SC, ST, women, differently-abled and other schemes such as Sarv Shiksha Abhiyan & provided additional allocation for the food security plan.
Presenting his eighth Union Budget, Finance Minister P Chidambaram in his budget 2013 speech gave emphasis to the need for 'inclusive growth'. The budget will focus on higher growth and financial inclusion, he said.
"Many people will be left behind if we do not pay attention to growth," he said. Chidambaram said that any growth should also be sustainable.
Chidambaram acknowledged that the room for a fiscal stimulus is constrained and that deficit levels are high.
Tuesday, February 26, 2013
Highlights of Railway Budget 2013-14
· 67 new Express trains to be introduced
· 26 new passenger services, 8 DEMU services and 5 MEMU services to be introduced
· Run of 57 trains to be extended
· Frequency of 24 trains to be increased
· First AC EMU rake to be introduced on Mumbai suburban network in 2013-14
· 72 additional services to be introduced in Mumbai and 18 in Kolkata
Monday, February 25, 2013
Schedue for Inspector Posts Induction Training.
Directorate vide letter No. 1-39/2009-Trg. dated 18.02.2013 has issued the following schedule to all PTCs for imparting Induction Training to the 189 departmental Inspector Posts candidates declared successful in the IP Examination held on 13th and 14th October 2012. Besides, the backlog of 2011 will also be covered. The Induction Training will be commenced in multiple batches at PTCs.
Name of the circle
|
Name of Training Centre
|
No. of IP candidates
|
Tentative dates
|
AP, Assam, Karnataka, Kerala, NE Orissa, TN
|
PTC Mysore
|
64 (including 4 of IP Exam 2011)
|
04/03/2013
|
Delhi, Haryana, HP J&K, Punjab, Rajasthan, Uttarakhand and UP
|
PTC Saharanpur
|
93 (including 31 of IP Exam of 2011)
|
04/03/2013
|
Bihar & West Bengal
|
PTC Vadodara
|
32 (including 23 of IP Exam 2011)
|
25/03/2013
|
Coming soon, Post Bank of India
The postal department plans to enter the banking business with the Reserve Bank of India deciding to grant new bank licences to entities with credible track-record.
Consultant appointed
Sources said the Department of Posts, which has a strong foot print in rural areas, has appointed Ernst and Young (E&Y) as the consultant for the proposed ‘Post Bank’
“Ernst and Young is expected to submit a detailed project report by April, after which all the necessary measures will be taken up to apply for banking licence,” a source at the Ministry of Communications and Information Technology told PTI.
The sources added that the Department of Post (DoP) might need Cabinet approval for setting up Post Bank of India.
Of the 1.55 lakh post offices in the country, around 24,000 district offices may be ready to offer banking services in the next two years.
The DoP is in process of setting up 1,000 ATMs.
“Post Bank shall not only take care of the banking needs of the rural poor but shall also converge with micro-insurance and micro-remittance services of the DoP,” the source said.
As per data shared with Parliament, there were over 26 crore operational small savings accounts in post offices as on March 31, 2012, having deposits worth Rs.1.9 lakh crore.
Keywords: Postal department, banking sector, Post Bank, new bank licences, Reserve Bank of India, Ernst and Young
http://www.thehindu.com/business/Industry/coming-soon-post-bank-of-india/article4443509.ece
Thursday, February 21, 2013
Withholding of 10 Percent Gratuity From The Retiring Government Servants
To view Department of Pension and Pensioners Welfare OM NO.20/16/1998-P&PW(F) dated 19th February, 2013
please Click Here.
Grant of Honorarium to Observers appointed for Limited Deptl Competitive Examinations
Postal Directorate, vide order no A.34020/17/2008 - DE dated 13.02.2013, has prescribed the following rates of Honorarium for performing the duties of Observers for conducting LDCE by approved outsourced Agency.
Sl No
|
Category of Officers
|
Rate of Honorarium
|
1
|
Junior Administrative Cadre
|
Rs 600/- per session and Rs 800/- per day.
|
2
|
STS/JTS and Other officers
|
Rs 400/- per session and Rs 600/- per day.
|
Tuesday, February 19, 2013
All India Association of Postmaster Cadre, successful Circle Level Meeting at Trichy on 10.02.13 for Tamilnadu Circle
To discuss the various issues of Postmaster cadre and to elect Adhoc office bearers body of Tamilnadu circle, AIAPC Asst General secretary Shri Rama Subramanian and Shri Shanmugam PM GrII made efficient arrangements at Trichy City Tamilsangam Hall.
Many of the Postmaster cadre officers are attended the circle level meet enthusiastically and placed their points and views regarding the betterment of this cadre. Finally voting system has been adopted to elect the following Adhoc Tamilnadu Circle level office bearers for All India Association of Postmaster cadre.
Shri Chennakesavalu - Circle President
Shri Rajendiran - Circle secretary
Shri Kalimuthu - Circle Treasurer
Smt Shobiarani - Circle women wing convenor
Smt Kaleeswari - Circle Women wing Coordinator
Chennai City Region Representatives
1. Shri Muthukrishnan PM Gr II
2. Shri Murugan PM Gr II
3. Shri Jai Ganesh PM Gr I
3. Shri Jai Ganesh PM Gr I
Central Region Representatives
1. Shri Senthil
2. Shri Ramasamy
3. Shri Amirthalingam
Southern Region Representatives
1. Shri Chandrasekar PM Gr II
2. Shri Ramasubramanian PM Gr I
3. Shri Chinnadurai Pm Gr I
Trade unions protest: Government warns employees against participation
NEW DELHI: Ahead of the proposed two-day strike by Central trade unions beginning Wednesday, the Government has warned employees of "consequences" including deduction in wages and disciplinary action if they take part in the protest.
In a stern directive, the Department of Personnel and Training has written to secretaries of all central government ministries not to sanction any kind of leave to employees during the period of the proposed strike.
It has also asked the concerned departments to make a report indicating the number of employees who take part in the proposed strike and convey it to the DoPT on the evening of the day.
The instructions issued by the DoPT prohibit a government servant from participating in any form of strike including mass casual leave, go-slow etc. or any action that abet any form of strike in violation of Rule of the Central Civil Services (Conduct) Rules, 1964.
PM Grade III posts have been filled in MP circle
In Madhya Pradesh Circle Postmaster Grade-III DPC has been done.The Postamster Grade-II officials who have completed 5 yrs. in HSG-II + Grade-II have been promoted as Postmaster Grade-III.These candidates have joined as Postmaster Grade-III. Congrates to the promoted candidates and thanks a lot to the Honorable CPMG MP Circle.
Courtesy
MAHENDRA SHARMA
POST A EMAIL TO GEN. SECRETARYS OF ALL TRADE UNION WITH THE BELOW MATTER
Why the Demands of Postmaster Cadre are not mentioned as strike demands/Departmental Council. At least it might have mentioned in the present strike demands in such a way to settle the unsettled demands of previous strikes.
Courtesy: www.postmasters-dop.blogspot.com
What will be happened If all the Postmaster Grade I/II/III officials are not participated in strike and demotivate the juniors in such a way that the Trade Unions are against to the early promotions to the juniors through LDCEs and the Trade Unions are upholding the spirit of directorate that is the Operative Staff should not enter into Administrative line.
Please send the above matter to the follwing email ids Secretary Generals of both the federations
Send the same to other Postmaster Cadre Officials also.
theagarajannachi@gmail.com
nfpehq@gmail.com
Courtesy: www.postmasters-dop.blogspot.com
Sunday, February 17, 2013
House Building Advance to Central Govt Employees - Revision of Interest Rates
No.1-17011/2(6)/2013-H.III
Ministry of Urban Development
(Housing-III Section)
*******
Nirman Bhawan, New Delhi.
Dated:- the 17th January, 2013
OFFICE MEMORANDUM
The undersigned is directed to enclose herewith a copy of Ministry of Finance, Deptt. of Expenditure's O.M. No. 5(3)-B(PD)/2012 dated the 3rd January 2013 intimating the rates of interest on advances and loans given to Government employees for construction/purchase of houses/flats during 2012-13 i.e. 1st April, 2012 to 31St March, 2013 and until further orders, for information and compliance.
Sd/-
(S.K.Ram)
Dy. Financial Adviser
Saturday, February 9, 2013
A set of questions for various departmental Examination - Question Bank
Act under british rule
| |
Banking sector
| |
Chapater I Postal Volume V
| |
Computer terms
| |
Confusing words in English
| |
Indian constitution
| |
Indian constitution
|
REVISED PATTERN & SYLLABUS FOR COMPETITIVE EXAMINATION FOR THE POST OF PS GROUP‘B’
Ms. P. Gopinath, has assumed the office of Secretary, Department of Posts,
Ms. P. Gopinath, IPoS-1977, has assumed the office of Secretary, Department of Posts, Ministry of Communications & Information Technology and Chairperson, Postal Services Board and Director General, Postal Services on 01-02-2013(F/N)
Wednesday, February 6, 2013
Sr. PM Examination CAT Case (Chandigarh Bench)...update
OA No. 1328/HR/2011 was filed jointly by Punjab and Haryana Circle at Hon'ble CAT Bench at Chandigarhfor the following reliefs;
1. Quash the letter dated 3.10.2011 by which Limited Departmental Examination for Promotion to the cadre of Sr. Postmaster(Gazetted) has been ordered to be held on 31.12.2011 which is against the Department of Posts, Postal Supdts/Postmaster Group B Recruitment Rules, 1987 as amended from time to time as there is no vacant post in the quota prescribed under the rules as detailed in the preceding paras.
RECRUITMENT OF PROBATIONARY OFFICERS(1500) IN STATE BANK OF INDIA
ONLINE REGISTRATION OF APPLICATION: 30.01.2013 TO 23.02.2013
PAYMENT OF FEES - ONLINE : 30.01.2013 TO 23.02.2013
PAYMENT OF FEES - OFFLINE : 01.02.2013 TO 28.02.2013
DATE OF WRITTEN EXAMINATION : 28.04.2013
Applications are invited from eligible Indian Citizens for appointment as Probationary Officers (POs) in State Bank of India. Candidates selected are liable to be posted anywhere in India.
EMOLUMENTS:
Call to increase Retirement age of Bank Employees to 65
The retirement age for bank employees should be increased to 65 for better utilisation of the services of seniors, said INTUC national president G. Sanjeeva Reddy.
Many officers were joining private financial institutions after their superannuation and extending quality services. The Public Sector Units were unable to make use of their services fully as they were retiring by 60, he opined.
Speaking after inaugurating the Eighth Biennial Conference of Union Bank Officers’ Congress of Andhra Pradesh here on Sunday, Mr. Reddy said the INTUC was opposed to the disinvestment plans and selling of shares to private companies from PSUs. He promised bankers of a discussion on their problems with the Centre.
Vijayawada MP Lagadapati Rajagopal, who attended the conference, said banks would collapse if NPAs increased, and underlined the need for prompt payment of loans borrowed by bigwigs.
8% HIKE IN DA FOR CENTRAL GOVT STAFF
In a major development, the Union Cabinet on Friday approved 8% hike in the Dearness Allowance (DA) for central government employees and pensioners. This decision is likely to bring some relief to nearly 50 lakh central government employees trying to cope up with spiraling inflation and price hike.
SanchayPost - Negative List 31122012
The file 'NL_20121231.exe' should be copied to DBAnalyzer folder and executed after completion of day's transactions.
This will update the negative list upto 31/12/2012 in Sanchay Post. (Corrections received upto 31/01/2013)
In addition to Negative List, updations relating to PINCODE details are also done in the database. Hence, execution of this patch will take longer than the usual updation time.
System Administrators should ensure that the server is not switched off till successful execution of the patch. To confirm updation, use 'DBAnalyzer >> Database Discrepancies >> NSC >> Details of negative list updation' option.
Thursday, January 31, 2013
Some Useful Calculators/ Tables for PO Staff
Some Very Useful Calculators/Tables/Excel Files can be downloaded from the below links.
Postal Rates : DOWNLOAD
RPLI Calculator : DOWNLOAD
PLI Calculator : DOWNLOAD
Revised SpeedPost Table w.e.f. 01.10.2012
DOWNLOAD (EXCEL)
DOWNLOAD (PDF)
(Suggestions to the same may be intimated to the email address dhamotharan@outlook.com )
Tuesday, January 29, 2013
Revision of pension of pre-2006 pensioners - reg. (Revised concordance table)
To view Ministry of Personnel, PG & Pensions, Department of Pension & Pensioners' Welfare OM No.38/37/08-P&PW(A) dated 28th January, 2013 please CLICK HERE.
Sunday, January 27, 2013
Revised list of Know your customer (KYC) documents required for both entry and exit under National Pension System (NPS)
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
PFRDA/2O13/1/PDEX/25
Date: 11/01/2013
To,
All POPs/Aggregators/CRA/Others
Sub: Revised list of Know your customer (KYC) documents required for both entry and exit under National Pension System (NPS)
Attention of all stakeholders is invited to the illustrative list of documents acceptable as proof of identity and address in terms of the KYC requirements and as provided In the offer document of National Pension System. Basing on the revised guidelines on obligations under PMLA, 2002 as amended by Prevention of Money Laundering (Amendment) Act, 2009 and in order to bring In uniformity and alìgn the KYC documents required for opening of accounts under NPS with those required by other financial sector institutions, it has been decided to replace the existing KYC document list with a new set of documents as provided in Annexure I for both entry and exit under National Pension System (NPS).
Annexure I referred above is being attached herewith for information and use of all. The new KYC norms as per this circular will come Into effect from 10/02/2013. The above guidelines will be applicable for all variants of National Pension System. The circular has also been placed on PFRDA website at http://www.pfrda.org.in
Yours Falthfuly
sd/- Venkateswarlu Peri
General Manager
Source: www.pfrda.org.in
[http://pfrda.org.in/writereaddata/linkimages/Revised%20list%20of%20KYC%20docs%20for%20NPS2930259910.pdf]
Central employees will strike on 20 and 21st Feb'13
Confederation of Central Govt. employees planned a two days' strike for different demands. Some of the demands as mentioned in Part I of the charter consists of socio economic issues like price rise, unemployment, privatization, disinvestment etc. In the second part they demanded their own expectations like 7th pay commission, 50% D.A. merger etc.
All most every major trade unions supported this two days' strike on 20th and 21st February 2012.
Saturday, January 19, 2013
TAMILNADU CIRCLE LEVEL POSTMASTERs MEET AT TRICHY ON 10.02.13
INVITATION
In pursuance of minutes of meeting of All India Post Master Cadre
officials held at Mumbai on 01.10.2012, a circle level meeting of Postmaster Cadre
officials of Tamilnadu postal circle is proposed to be conducted at 10 A.M on 10-02-2013.
The venue of the meeting is “Tamil Sanga Mandram, Teppakulam , near Devar
Mahal, Tiruchirappalli-620002”
The following are the agenda:
1.
Review
of present position of postmaster Cadre and discuss the future scope of the
cadre.
2.
Constituting
a Circle level “Adhoc” body of Postmaster Grade officials for the general
welfare and redressal of PM Grade officials.
3.
Nominating
one Regional representative from each region in PM Cadre.
4.
Finalizing
the sourcing of fund to run the Adhoc body of PM Grade officials to be
constituted.
5.
Any
other matter for discussion with the permission of the chair.
With Regards,
S.A.Ramasubramanian- 9443900200
Postmaster Grade – I
Vannarpettai- 627003
Subscribe to:
Posts (Atom)