Deployment of POS terminals in post offices for accepting card based transactions

From: Director (CBS)

Sent: 07 February 2017 17:33

To: All CPMG; CPMG Telangana Circle

Cc: pande.alok@nic.in; aptechnologycell.dop; GM CEPT

Subject : Deployment of POS terminals in post offices for accepting card based transactions

Respected Sir/Madam, 

    This is regarding deployment of POS terminals in post offices for accepting card based transactions. Please find attached the list of 100 identified post offices as pilot for deployment of POS terminals. SBI has already delivered POS machines in most of the locations. CEPT Mysore has released the desktop application for cashless transactions and also has released the updates for Meghdoot point of sale and treasury module (copy attached). An option for performing a transaction through a valid Credit/Debit card   payment has been provided in the Meghdoot Point of Sale software. Another application developed by CEPT, Hyderabad will be running in the same Desktop where Meghdoot Point of Sale is installed.   This application has been integrated with SBI Server and also with the Card Swiping machine (PoS terminal).   Please issue instructions to all 100 Pilot locations for installing the applications/updates developed by CEPT and keep it ready. The Standard Operating Procedure (SOP) and Accounting Procedure for POS machine transactions are attached with this mail. Date of commencement of card based (POS machine) transactions will be informed shortly.   

 With regards,

Sachin Kishore

Director (CBS)

Sansad Marg,

Dak Bhavan

STANDARD OPERATING PROCEDURE

MERCHANT ACQUIRING BUSINESS INSTALLATION OF POS MACHINES AT POST OFFICES FOR PROVISION OF CASHLESS TRANSACTIONS

Preamble:

Removal of limits on withdrawal of cash from Savings Bank Accounts

Postal department revenue deficit widened to Rs 8,670 crore till December

Revenue deficit of the Department of Post (DoP) widened to Rs 8,670 crore in the April-December period of this fiscal, but various initiatives - including passport facility and other government services through post - are expected to rake in more revenue. 

The DoP had registered a revenue deficit of Rs 6,007 crore in the fiscal year 2015-16, as per data shared by Communications Minister Manoj Sinha. 

Training of GDSs : Committee Recommondations

Higher Allowances for central staff likely from 1st April

7th Pay Commission: Govt not to hike minimum pay, higher allowances to be paid from April 1.

No Arrears likely.

 In a setback to central government employees, Centre has decided not to hike minimum pay under the 7th Pay Commission recommendations. Higher allowances and minimum pay under the 7th Pay Commission have been the major bone of contention among majority of the central government employees. The government seems in no mood to increase minimum pay of Rs 18,000 under the 7th Pay Commission. Though the government is expected to announce higher allowances in March, it had no plan to give allowances in arrears from August.

Removal of limits on withdrawal of cash from Saving Bank Accounts - RBI Order

Head post offices to render passport services

TNN | Updated: Feb 2, 2017 : To increase citizens' access to passport services, particularly in remote regions, finance minister Arun Jaitley announced that head post offices of each district would be used to render passport services. 

 "Our citizens in far flung regions of the country find it difficult to obtain passports and redress passport related grievances. We have decided to utilise head post offices as front offices for rendering passport services," he said.

Income Tax Chart for 2017-18

Posting of PPF/SSA Intersol deposits by PM at HO

From: Gopinath S <gopinath.s@indiapost.gov.in>

Date: 3 February 2017 at 09:34

Subject: POSTING OF PPF/SSA Intersol deposits by PM at HO

Sir/Madam,

            I am directed by competent authority to convey the following.

 Implementation of 25,000 intersol limit

 Cheques accepted for subsequent deposits in Sub Office PPF / SSA accounts are lodged at HO in 0017 account of HO and posting is carried out at HOs after clearance, to facilitate posting, as per SB order 5  of 2016 intersol limit has been configured as 1.5 lakhs on 07/01/2017 as a temporary solution. Now Patch is deployed for implementing intersol limits from today.

Non-filers of income tax returns will now face a steep fine.

NEW DELHI: Non-filers of income tax returns will now face a steep fine.

For people earning below Rs 5 lakh, filing returns after July will attract a fine of Rs 1,000 and those with earnings above Rs 5 lakh would face a fine of Rs 5,000. “Those who have an income over Rs 5 lakh and file returns after July but till December will face a fine of Rs 5,000. This fine will be raised to Rs 10,000 if the return is filed after December,” revenue secretary Hasmukh Adhia said at a post-budget event organised by the Institute of Chartered Accountants of India. 

At present, there is no fine if the returns are filed with a delay within the assessment year, but a penalty of Rs 5000 could be imposed if the filing was after it. But the income tax department did not aggressively pursue this. Adhia said that there are 50 lakh companies registered in the country of which just 6.9 lakh filed income tax returns. He asked members of the institute to encourage their clients to file returns.