Tuesday, 7 July 2015

Now, postal services just a swipe away


All 3,545 post offices in the twin States will allow customers to pay for postal services using credit or debit cards within in one month, said Chief Post Master General, Andhra Pradesh and Telangana circle, B.V. Sudhakar.
He was speaking at the launch of cash point sales or swiping machine sales at General Post Office (GPO), here on Saturday.
Various services
Customers can now swipe cards to pay for services, including registered post, speed post, parcel services, MeeSeva and utility bill payment services offered by post offices, among others.
A total of 345 MeeSeva services will be covered under the swipe project that is named ‘Turanth’.
Swiping service was brought to post offices as a collaborative venture between India post and State Bank of India.
The State Bank of India wwould provide all the required swipe machines in post offices, said C.R. Sasi Kumar, Deputy Managing Director of the bank.
“It simplifies the work and reduces burden on both the customer and the service provider,” said Mr. Sudhakar. On the day of its launch most transactions were made using cards, he added.
India Post, Andhra Pradesh and Telangana circle also launched ATM cash withdrawals in its post offices.
“You can use ATM cards to withdraw money up to Rs 3,000 per day from post offices in the State.
At one go customers can withdraw up to Rs.1,000 and they are allowed three transactions per day,” he said.
Useful in rural areas
The service will be useful in rural areas where there are only a few ATMs. The service was launched for the first time in the country, post office officials informed.
Officials said that India Post in Hyderabad is also developing a software that would facilitate direct debit of instant money orders and mobile money orders into customer’s SBI accounts.
To be ready in 15 days
“The facility is expected to be ready within 15 days time,” Mr. Sudhakar said, adding his department is using technology to provide economic, efficient, effective and easy services to customers.
The Postal Department is also planning to increase the parcel volume to improve its revenue generation.
Swiping service was brought to post offices as a collaborative venture between India Post and State Bank of India, says bank’s deputy director

Monday, 6 July 2015

Cadre Review proposal pending at Secretariat for cadre review meeting.

Status of Cadre Review Proposal as on 30.06.2015

After approval from Secretary (Posts) and Secretary (Expenditure) Cadre review proposal of IPoS cadre is pending at Cabinet Secretariat for cadre review meeting.

CLICK HERE to see the status of cadre review proposal of all departments.

Revised Bio-data / Curriculum Vitae (CV) proforma for submission by the candidate for appointment by deputation – Dopt Instructions

G.I., Dept. of Per. & Trg., O.M.F.No.AB.14017/28/2014-Estt.(RR), dated 2.7.2015
Subject: Revised Bio-data / Curriculum Vitae (CV) proforma for submission by the candidate for appointment by deputation — issue of instructions — regarding.
The consolidated instructions on the procedure to be followed in cases where appointment is to be made by transfer on deputation / transfer basis (now termed as deputation / absorption) issued by this Department vide OM No. AB-14017/71/89 — Estt. (RR) dated 3.10.89. In terms of para 4.8 of the instruction, while calling for application for appointment on deputation/absorption basis, Ministries/ Departments are required to call for Bio-data / Curriculum Vitae (CV) of the candidates in the proforma at Annexure A of the OM dated 3.10.89.
2. The revised Bio-data / Curriculum Vitae (CV) proforma was issued by this Department vide OM No. AB-14017/10/2000 — Estt. (RR) dated 29.8.2005. The proforma has been reviewed by UPSC, keeping in view the changes took place due to implementation of 6th Pay Commission recommendation and with the objective to reflect the complete profile of the candidate. The revised proforma suggested by the Commission is at Annexure-I.
3. The modified Bio-data / Curriculum Vitae (CV) proforma is enclosed with the request that this modified proforma may be utilized while calling for applications for appointment on deputation / absorption basis. The administrative Ministries / Departments are also advised to pay attention towards the points indicated in Annexure-II at the time of inviting application and preparation of the deputation proposal before sending the same for the consideration of the Commission.
4. It is requested that these instructions may be circulated to all the subordinate formations of the Ministries / Departments.
Authority : www.persmin.gov.in

Promotion and posting of STS Officers

Saturday, 4 July 2015

தேசிய தோழரின் இல்ல விழா

திருகுறுங்குடி GDS Packer திரு திருநாமம் அவர்களின் சகோதரர்
திருகுறுங்குடி GDSDA திரு வெங்கடேஷ் அவர்களின் இல்ல விழா இன்று திருகுறுங்குடியில் வைத்து நடைபெற்றது. அதில் நமது கோட்ட செயலாளர் திரு இராம சுப்பிரமணியன் அவர்கள் கலந்து கொண்டு
செல்வி V. காளிஸ்வரியை வாழ்த்தினார்.

Friday, 3 July 2015

RBI may give payment bank licence to postal department in August: Ravi Shankar Prasad

NEW DELHI: Union Minister Ravi Shankar Prasad today said he expects Reserve Bank of India (RBI) to grant payment licence to the proposed Post Bank of India by August.

This will enable the network of 1,54,000 post offices (including 1,30,000 rural post offices) to offer banking services to the masses in the country.

http://articles.economictimes.indiatimes.com/images/pixel.gif
"We expect RBI to give payment bank licence to post (department) in August," Minister of Communications and IT Prasad said.
In last one year, the Department of Post (DoP) has networked 27,215 post offices into one national unit through computers.
The DoP, which has applied for a payment bank licence, has a hybrid model in mind to operate Post Bank of India.
As per RBI guidelines, payment banks would offer a limited range of products such as demand deposits and remittances. They will not be allowed to undertake lending activities and will initially be restricted to holding a maximum balance of Rs 1 lakh per individual customer.
They will be allowed to issue ATM or debit cards as also other prepaid payment instruments, but not credit cards.
According to a source, Prasad has approved hybrid model suggested by Ernst & Young which prepared detailed project report on Post Bank of India (PBI).
"E&Y has come out with three models but suggested preference to a hybrid model. Under which about 600 branches will be directly operated by PBI staff in post office premises and transactions in other parts of the country will be supported by India post staff," a post bank official said.
Post Bank of India is proposed to have its own employees and IT infrastructure. The transaction handled by India Post, employees will be entered in to the server of PBI.
The Department expects revenue of over Rs 550 crore from PBI in first five years.

Electronic Filing of Income Tax Returns for 2015-16 Commences


Press Information Bureau
Government of India
Ministry of Finance
Electronic Filing of Income Tax Returns for 2015-16 Commences; ITR 1-Sahaj, 2 and 2A can be Used by Individuals or HUF Whose Income Does not Include Income from Business;
ITR 4S – SUGAM can be Used by an Individual or an HUF Whose Income Includes Business Income Assessable on Presumptive Basis; Taxpayers Requested to E-File Their Returns Early to Avoid the Rush Closer to the Last Date of Filing.
The Income Tax Department has released the software for preparing the Income Tax Return forms 1- SAHAJ, 2, 2A and 4S- SUGAM for AY 2015-16. The e-filing of these return forms has been enabled on the e-filing website-https://incometaxindiaefiling.gov.in.
ITR 1-SAHAJ, 2 and 2A can be used by individual or HUF whose income does not include income from business. ITR 4S – SUGAM can be used by an individual or HUF whose income includes business income assessable on presumptive basis. The elaborate details of the persons who can use these forms are available in the instructions for filling the forms.
The facility for pre-filling of information for these return forms is available in the software for preparing the return forms. When the taxpayer exercises this option and just fills in his PAN, then personal information and information on taxes paid and TDS will be auto-filled in the form. Taxpayers are requested to use the return preparation software available free of cost under the ‘Downloads’ section on the home page of the Income Tax Department’s e-filing website-https://incometaxindiaefiling.gov.in. The use of Departmental software will ensure preparation of error-free returns thereby avoiding any need for future rectification due to data validation mistakes.
Taxpayers are requested to e-file their returns early to avoid the rush closer to the last date of filing.

Thursday, 2 July 2015

ஜூலையில் 6 சதவிகிதம் அகவிலைபடி உயர்வு எதிர்பார்க்க படுகிறது.

 Expected DA July 2015 - AICPIN for the month of May 2015
Index of CPI(IW) BY2001=100 for the month of May 2015
According to the press release of Labour Bureau, the All-India CPI-IW for May, 2015 increased by 2 points and pegged at 258 (two hundred and fifty eight).
G.I., Min. of Lab. & Emp., Labour Bureau, P.R.No. 5/1/2015- CPI, dated 30.6.2015
Consumer Price Index for Industrial Workers (CPI-IW) - May, 2015
The All-India CPI-1W for May, 2015 increased by 2 points and pegged at 258 (two hundred and fifty eight). On l-month percentage change, it increased by 0.78 per cent between April, 2015 and May, 2015 when compared with the increase of (+) 0.83 per cent between the same two months a year ago. 

The maximum upward pressure to the change in current index came from Food group contributing (+) 1.96 percentage points to the total change. At item level, Rice, Arhar Dal, Gram Dal, Masur Dal, Moong Dal, Urd Dal, Groundnut Oil, Mustard Oil, Fish Fresh, Goat Meat, Poultry (Chicken), Onion, Vegetable items, Electricity Charges, Petrol, Tailoring Charges, etc. are responsible for the increase in index. However, this increase was restricted by Wheat, Wheat Atta, Gourd, Torai, Lady’s Finger, Mango, Sugar, Bus Fare, etc., putting downward pressure on the index.
The year-on-year inflation measured by monthly CPI-1W stood at 5.74 per cent for May, 2015 as compared to 5.79 per cent for the previous month and 7.02 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 5.99 per cent against 5.68 per cent of the previous month and 7.66 per cent during the corresponding month of the previous year.
At centre level, Mercara, Bokaro, Coonoor, Belgaum and Madurai reported the highest increase of 8 points each followed by Tiruchirapally (7 points). Among others, 6 points increase was observed in 4 centres, 5 points in 5 centres, 4 points in 12 centres, 3 points in 9 centres, 2 points in 10 centres and 1 point in 15 centres. On the contrary, Srinagar and Rangapara Tezpur centres recorded a maximum decrease of 3 points each followed by Darjeeling (2 points). Among others, 1 point decrease was observed in 4 centres. Rest of the 10 centres’ indices remained stationary.
The indices of 37 centres are above All India Index and other 40 centres’ indices are below national average. The index of Tiruchirapally is at par with all-India index.
(S.S.NEGI)
DEPUTY DIRECTOR GENERAL

7th CPC likely to recommend Jan 1, July 1 as Annual Increment days

7th Pay Commission likely to recommend Jan 1, July 1 as Annual Increment issuing days
“On July 1 of each year, annual increments are given for all the Central Government employees. So, tomorrow is the “Increment Day” for all.”
The 6th Pay Commission had introduced the practice of granting annual increment for all on the same day. Until then, increments were implemented for the employees based either on their date of joining or on their promotion dates.
In order to reduce the monthly work burden and for administrative expediency, suggestions from the various departments were presented to the 6th Pay Commission to recommend a single day as increment date. The 6th Pay Commission had recommend 1st July of earch year as increment day. From 01.01.2006 onwards, July 1 was made the day of implementation of annual increments to all CG staff.

Employees who are appointed after January 1st are not eligible for that year’s annual increment on July 1. They qualify for annual increment only the next year. And those who retire on 30th June, they are not eligible for annual increment.
The new increment rule continues to make a huge impact, when employees are joining duty and retire from duty, due to complex CCS (RP) rules on increment. Pointing out the practical difficulties in implementing this scheme, the National Council JCM suggested to the 7th Pay Commission may recommend that two specific dates, Viz January 1st and July 1st.
According to the NC JCM Staff Side suggestion, those recruited/appointed/promoted during the period between 1st January and 30th June will have their increment date on 1st January and those recruited/appointed/promoted between 1st July and 31st December will have it on 1st July next year.
It was also suggested to recommend that those who retire on June 30 and December 31 should be given one increment on the last day of their service.
Reliable sources confirm that, instead of granting 1st July, the 7th Pay Commission may recommend to implement a 2 Day annual increment method.
Source: CGEN.in

கலங்கரை விளக்கு பத்திரிக்கை ஆசிரியரின் அறிக்கை

கலங்கரை விளக்கு பத்திரிக்கை ஆசிரியரின் அறிக்கை                                 

Tuesday, 30 June 2015

போனஸ் உச்சவரம்பு விரைவில் 7000 ஆகிறது ?

Govt mulls increasing eligibility limit of bonus from 10000 to 21000

Govt mulls increasing eligibility limit of bonus from 10000 to 21000

Central Government is considering to increase the eligibility limit of bonus from 10000 to 21000.

According to media source, the Central is going to give a green signal to the much awaited decision to raise eligibility limit of bonus from Rs.10000 to 21000. And the calculation ceiling also hike from Rs.3,500 to Rs.7,000

The payment of Bonus (Amendment) ordinance 2007 according to which section 12 of the payment of Bonus Act 1965 had been amended raising the ceiling for calculation purpose from salary of 2500/- P.M. to Rs.3500/-P.M. w.e.f. 01.04.2006. And also amended the Payment of Bonus Act, 1965 to raise the eligibility limit for payment of bonus from the salary or wage of Rs. 3500/- per month to Rs. 10000/- per month.

Central Government employees are regularly given Productivity Linked Bonus(PLB). Each department announces its bonus days in the month of September. But, since there was an upper limit, only small amounts were given as bonuses. CG Employees Federations all over the country were demanding that the limits should be raised.

Source: www.cgstaffportal.in 
 

Age concession to the Disability persons.

Revision of rate and Guideline for Reimbursement of Expenses on Purchase of hearing AIDS under CS(MA) Rules, 1944 and CGHS

No.S.14025/10/2002/MS
Government of India
Ministry of Health and Family Welfare
Department of Health and Family Welfare

Nirman Bhawan, New Delhi
Dated the 26th May, 2015

OFFICE MEMORANDUM
Subject: Revision of rate and guideline for reimbursement of expenses on purchase of Hearing AIDS under CSMA Rules, 1944 and CGHS-Regarding
With reference to the above mentioned subject the undersigned is directed to refer to the Office Memorandum of even no dated 21.03.2012, 17.11.2006 and 28.10.2002 and OM No S.14025/36/93/MS dated 26.03.94 and 17.08.99 and to state that on the basis of recommendation of an Expert Committee, it has been decided to revise the rates and guidelines for hearing aids to be reimbursed under CS(MA) Rules, 1944 and CGHS.
2. The revised ceiling rates fixed for various types of hearing –aids (for one ear) are as under:-
Body worn/Pocket type         Rs. 3000/-
Analogue BTE                          Rs. 7000/-
Digital BTE                               Rs. 15000/-
Digital ITC/CIC                        Rs. 20000/-
The cost of hearing aids shall include all taxes in including VAT and Shall carry 3 year warranty. The cost of Analogue BTE/Digital BTE/ITC/CIC type hearing aid shall also include the cost of hearing mould.
3. Beneficiaries covered under CS (MA) Rules /CGHS shall be eligible to obtain hearing aid as per the following guidelines:
(i) Patients/Beneficiaries should be properly referred to CGHS/Government hospital ENT specialist from the parent CGHS wellness centre (A computerized referral printout should be made wherever computerization has been done).
(ii) It would be mandatory to carry CGHS Beneficiary’s ID card (in original) whenever the CGHS beneficiaries visit the CGHS/Government ENT specialist for consultation and Audiometric test.
(iii) The ENT specialist of CGHS /Government hospital shall then recommend a hearing aid on basis of Audiometric and Audiological assessment, specifying the type of hearing aid most suited for the Beneficiary. The ‘Audiogram report’ shall be authenticated by the ENT specialist/Consultant of the CGHS/Government hospital.
4. The permission to procure hearing aid shall be granted by the ADDITIONAL DIRECTOR(Zonal) of CGHS-ZONAL OFFICE in case of CGHS pensioner beneficiaries, and by the HEAD OF DEPARTMENT/OFFICE in case of serving employees and CGHS beneficiaries of Autonomous bodies on the basis of Recommendation of a CGHS/Government ENT specialist, and an ‘undertaking’ that the beneficiary has not been reimbursed the cost of hearing – aid in the preceeding five years.
5. Reimbursement claim shall be submitted to CGHS ZONAL OFFICE through the CMO –Incharge of the Concerned dispensary by CGHS Pensioner benficieries in the prescribed medical reimbursement claim form along with the following documents :-
a) Referral letter from parent CGHS Wellness Centre (computerized Slip where computerization is done already).
b) Copy of ‘prescription’ of ENT consultant (CGHS/Govt.Hospital) with the ‘Audiogram’ report duly authenticated by the treating ENT consultant (CGHS/Govt.)
c) Copy of CGHS Card.
d) Bill /Reciept (in original) carrying details of the hearing – aid seller i.e. NAME, QUALIFICATION, AND RCI/MCI REGISTRATION NUMBER of the hearing – aid seller.
e) The ‘permission letter’ to purchase hearing – aid (in original).
f) Empty Box/boxes or the Carton(s) with the label showing details of the hearing aid supplied.
In case of the other beneficiaries, the medical claim shall be submitted to the concerned Ministry / Department /Office. Reimbursement shall be limited to the ceiling rate or actual cost of the hearing – aid, whichever is less.
6. Records of permissions granted for procurement of hearing – aids shall be maintained by CGHS in respect of pensioner CGHS beneficiaries and by the concerned Ministry/Department /Office in respect of other beneficiaries.
7. Replacement of hearing – aid may be permitted after 5 years on the basis of condemnation certificate issued by a technical expert and on approval of CGHS/Government ENT Surgeon. Maintenance and repair will be the responsibility of the beneficiary.
8. These orders shall supercede all the earlier orders issued on the subject.
9. The revised rates and guidelines shall come into force from the date of issue and shall be valid for a period of two year or till further revision, whichever is earlier.
10. This issues with the approval of Integrated Finance Division of Ministry of Health & Family Welfare
(Sunil Kumar Gupta)
Under Secretary to the Govt. of India

Stoppage of Fixed Medical Allowance to Central Government Employees under CS(MA) Rules who are working in remote areas



Government of India
Ministry of Health and Family Welfare
Department of Health & Family Welfare
***********

/No.S.14025/09/2013-MS
Nirrnan Bhawan, NewDelhi
Dated 3rd June, 2015.

OFFICE MEMORANDUM

Subject: Stoppage of Fixed Medical Allowance (FMA) being paid to the Central Government employees working in the interior/remote areas and their governance under CS(MA) Rules, 1944.

Reference is invited to OMNo.S-1402011/88-MS dated 17.07.1990 in which fixed medical allowance to the tune of Rs.25/-per month was granted to employee working in the interior/remote areas where no Authorized Medical Attendant was available within a radius of 5 kms, which was subsequently revised to the tune of Rs.l00/- per month vide OMF.No.14025/33/98-MS dated 18.01.1999.

2.On receiving a proposal from Ministry of Defence on the issue of medical reimbursement to employees who are in receipt of Fixed Medical Allowance, the matter was examined in the Ministry in consultation with Department of Expenditure and Department of Personnel & Training.

3.It has now been decided to stop the above mentioned Fixed Medical Allowance.  Henceforth, the Central Government employees residing in interior/remote areas will be governed by the extant rules as laid down under CS(MA) Rules, 1944.
4.This O.M. will be effective from the date of issue. After issuance of this OM,the above mentioned OMs i.e.,O.M. No.S-1402011/88-MS dated 17.07.1990 and O.M F.No.14025/33/98-MS dated 18.01.1999. stand withdrawn.
5.This issues with the concurrence of the Department of Personnel &Training and Department of Expenditure.
(Bindu Tewari)

VERIFICATION OF MEMBERSHIP 2015

Last date for submission of authorization letters to the Division head. 06/08/2015.

பணி நிறைவு வாழ்த்து.

இன்று பணி நிறைவு பெரும் திருநெல்வேலி கோட்ட P 4 சங்க முன்னாள் பொருளாளரும் தற்போதைய தலைவருமான மகாராஜா தபால்காரர் திரு சங்கரலிங்கம் அவர்கள் வாழ்வில் வளம் பல பெற வாழ்த்துகிறோம்.

பணி ஓய்வு வாழ்த்து.

இன்று பணி ஓய்வு பெரும் திருநெல்வேலி கோட்ட SC / ST நல சங்க செயலாளரும் அன்பிற்குரிய தோழர் திரு.V.விஜயராஜா அவர்கள் (Sub Postmaster, Tirunelveli Town) வாழ்வில் வளம் பல பெற வாழ்த்துகிறோம்.
 

Thursday, 25 June 2015

தனது பணியை உரிய நேரத்தில் முடிக்க தயாராகும் சம்பள கமிசன்.


7th Pay Commission ready to complete its task in the time frame of 18 months. Now It is underway to finalize the report. 
7th Pay Commission completes its task in the time frame of 18 months and finalization of the report is underway


The 7th Central Pay Commission has published a report on its official portal yesterday in order to know all stake holders regarding their meetings and its report. 

It ensured that the 7th CPC report will be completed within the time frame of 18 months and it will not entertain any further meetings. 7th Pay Commission Report including revised Pay and Allowances for Central Government Employees, is on final stage.

The official report published by 7th CPC as follows...

“Further to the memoranda received from a variety of Organisations, Federations, Groups representing civil employees in the Government of India as also from the Defence Services, the Commission has had fruitful and wide ranging discussions on relevant issues with all stakeholders. Such interactions have now been concluded. Valuable inputs have been received and the work of compilation and finalization of the report is underway, so that the Commission completes its task in the time frame given to it. Accordingly, any future requests for meeting with the Commission will not be entertained”.

Wednesday, 24 June 2015

Merger of DA with Pay and Interim Relief – National JCA Meeting held on 8.6.2015

Merger of DA with Pay and Interim Relief – National JCA Meeting held on 8.6.2015
NATIONAL JOINT COUNCIL OF ACTION
4, State Entry Road New Delhi–110055
No.NJCA/2015
Dated: June 15, 2015
All the Members of the NJCA,
Dear Comrades,
Sub: National JCA Meeting held on 8th June
The National JCA, which met at the Staff Side Office on 8th June, 2015, took note of the fact that quite a few states are yet to hold the State Level Conventions. The meeting also noted that the strike decision taken on 28th April, 2015 has not been percolated down to the rank and file of the workers. 

The meeting wanted the affiliate to realize that the denial of the demand for wage revision to be effective from 01.01.2014 and the consequent denial of interim relief and the benefit of merger of DA with Pay must be viewed very seriously as the said decision will have far reaching consequence. The Government would discard the age old practice of grant of I.R. and merger of DA forever. 
It has decided to appeal to all the affiliates to chalk out independent programmes of actions in the months to come and to carry out the same in all seriousness so that the employees become fully aware of the possible outcome of the 7th CPC. The Chairman and Convenor of the National JCA will get in touch with those States, where the convention has not been held so far. The meeting decided to convey to members that the minimum wage computation, in the given situation would be on an imaginary basis. The National JCA was of the opinion that a meeting of all office bearers of the participating organizations must be convened at Delhi somewhere in the month of July to chalk out programmes of action to be pursued by the CGEs together. It was informed at the meeting that both Defence and Railways would be taking their strike ballot and would be concluded in the first week of October. The meeting, therefore, decided to advise the other units to chalk out progammes of action in July so that an ambience of struggle could be created. The NJCA also took note of the painful fact that despite assurances, Government was not convening the National Council and Departmental Councils and the JCM has been allowed to become defunct. The National JCA in conclusion decided to appeal to all affiliates to take concrete steps to invigorate the joint movement of the Central Government employees and meet the challenge that is likely to arise on receipt of the recommendations of the 7th CPC by creating an atmosphere of Unity, and determination to carry out the call of indefinite strike action scheduled to commence on 23rd November, 2015.
With greetings,
(Shiva Gopal Mishra)
Secretary (Staff Side)
NC JCM & Convener
Source: www.ncjcmstaffside.com

Rural Post Offices to Provide E-Services: Ravi Shankar Prasad


 
Union Minister for Information and Technology and Communications Ravi Shankar Prasad on Sunday said rural post offices across the country will also function as common service centres (CSCs) providing e-services.
He said this while asserting that the postal department had a crucial role to play in bringing in digital revolution in the country.
"Our vision of digital India is to ensure that from a mason to barber to a tyre-puncture repairer, all can access newer avenues of growth using communications equipment like a smart phone," said Prasad while inaugurating the revamped building of Bhowanipore post office in Kolkata.
"We are also committed to developing e-commerce, e-education and e-health. This is the larger vision of digital India. And in this digital India initiative, rural post offices have a very crucial role to play.
"We have decided that all the 1.30 lakh rural post offices should also become common service centres (CSCs) to further provide services," the minister added.
Implemented under the National e-Governance Plan and formulated by the Department of Electronics and Information Technology, the CSCs are ICT-enabled front end service delivery points at the village-level for delivery of government, financial, social and private sector services in the areas of agriculture, health, education, entertainment, FMCG products, banking, insurance, pension, utility payments etc.
Prasad said he expected the Reserve Bank of India to grant payment license to the proposed Post Bank of India by July.
"We expect to get the RBI nod by July. With 1,54,000 post offices the new initiative will usher in a financial revolution across the country," he said.
Hailing the services by the postal department, Prasad said it has done a business of Rs. 500 crores in the year in e-commerce besides opening over 52 lakh accounts under the Sukanya Samriddhi Yojna receiving over Rs. 1,000 in deposits.
"Whatever, be the decline in services, people still respect the Indian Railways and the postal services. I urge you all to build upon that respect and contribute towards the growth of the country," said Prasad, urging the employees to contribute towards the government's initiative to modernise the postal department.
Prasad also said state-run BSNL was also on the road to recovery.
"Now BSNL is running into losses in excess of Rs. 8,000 crores. But in 2004, it earned a profit of Rs. 10,000 crores. So we decided to revive it... BSNL already has added 4,70,000 new customers and its revenue has risen by 2 percent," he said.
The minister also said there would be 100 crores mobile connections in the country in next few years.
"In a country with a population of 125 crores, we now nearly 101 crores phone connections of which 98 crores are mobile phones. In the coming few years, we will have over 100 crores mobile phone connectivity across the country," Prasad said.
"Studies show that a country with more broadband connections has greater impact on the GDP growth.
"So we are bringing national optical fibre network connecting over 2.5 lakh gram panchayats across the country, we are bringing in broadband revolution," he added.