The Interest rates for Deposits is again lowered by 0.1% from 1st July 17

ஜூலை முதல் வட்டி விகிதம் மீண்டும் 0.1% குறைப்பு

Friday 23 September 2016

Meeting with GDS Pay Committee

Chairman GDS Pay Committee called Federations/ Unions for discussion on the GDS issues, post approval of Recommendation of the 7th CPC.

Thursday 22 September 2016

Railway budget scrapped, merged with general budget

NEW DELHI: There will be no separate railway budget from the next financial year.

The Union Cabinet on Wednesday gave its nod to merge the railway budget with the general budget from next year, putting an end to a practice that started in 1924.

"Rail budget and general budget will be amalgamated from now, there will only be one budget," finance minister Arun Jaitley said after the Cabinet meeting.

"However, the functional autonomy of railways will be maintained," Jaitley said.

The decision to merge the railway budget with the general budget is significant as in recent years, particularly since coalition governments post-1996, political heavyweights have used the railway budget to hand out goodies and for their own image building. With the railway portfolio often held by regional biggies, the budget reflected political priorities of the incumbent. The railway bureaucracy has also dug in its heels in the past.

Railway minister Suresh Prabhu's readiness to give up the limelight is a break from the past as BJP seems in a position to dump the railway budget as its solid majority in Lok Sabha enabled it to retain the portfolio rather than handing it to an ally.

The move to discard the British-era practice of a separate rail budget by the Modi government comes after a two-member committee comprising Niti Aayog member Bibek Debroy and Kishore Desai recommended the exercise be scrapped.

Budget session advanced

With a view to get all the legislative approvals for the annual spending and tax proposals before the beginning of the new financial year on April 1, the Cabinet headed by Prime Minister Narendra Modi approved advancing date for presentation of the general budget by a month instead of present practice of unveiling it at the end of February.

To facilitate this, the budget session of Parliament will be called sometime before January 25, a month ahead of the current practice.


Accordingly, the beginning of budget preparation will be advanced to early October and GDP estimates made available on January 7 instead of February 7 now.

Till now budget was presented on the last day of February and it is not until mid-May that the Parliament approves it in two parts. And with the monsoon arriving in June, most of the schemes and spendings by states do not take off until October, leaving just half a year for their implementation.

DA from July 2016 - 2% or 3% ?

DA from July 2016 in 7th pay Commission is 2% or 3% is yet to be confirmed 
 
 It seems that the DA from July 2016 in 7th Pay Commission is not yet finalized by Central Government. There is confusion persists on the rate of Dearness Allowance to be paid from 1st July 2016 in revised Pay . The AICPIN average for the year 2015 to be taken as Base Index for calculation of DA in 7th CPC as the DA has been neutralized to arrive the revised Pay.
 
The actual AICPIN Average for 2015 is 261.33. As per this AICPIN average, the DA to be paid at the rate of 2% from July 2016 in 7th CPC . But the NCJCM has contended that it should be paid at the rate of 3%.
The NCJCM staff side said that as per the practice of fraction is being ignored, 0.75 is ignored from actual DA 125.75 as on 1st January 2016. Since the 125% DA was merged to revise the 7th CPC pay, Accordingly, the AICPIN average of 2015 has to be revised to 260.46 from 261.33 to arrive the exact rate of DA of 125% .

It is obvious that the NCJCM Staff Sides claim has sufficient merits to be considered favorably by the Government. In that case, the DA to be paid from July 2016 will be 3%.

The NCJCM Staff Side should be appreciated for this timely intervention and effort.

The central Government need to take decision in this regard soon, as it has been passed third week of September. Usually the announcement of DA for July every year will be made in the first or second week of September.

Allowance Committee could submit report soon.

7th Pay Commission: Panel appointed to examine allowances could submit report soon

A panel set up by the Central government to look into proposals pertaining to allowances of government employees, including defence personnel, made by the 7th Central Pay Commission (CPC) is likely to submit its report shortly, raising expectations for about 1 crore individuals.
The announcement of the panel to be headed by Finance Secretary Ashok Lavasa was made on June 29, 2016 when the government accepted the salary hike rates as proposed by the pay commission.
An online platform called The Sen Times claimed that the committee has finalised its report and is likely to submit the same "this week", citing government sources. It also said that the quantum of allowances may not vary from those proposed by the CPC.
"The committee on allowances is likely to stick with the 7th Pay Commission's recommendations on allowances," The Sen Times quoted the sources as saying.
The 7th CPC had recommended scrapping 51 allowances and subsuming another 37 after examining the existing 196 allowances that are currently paid.
Given the significant changes in the existing provisions for allowances which may have wide ranging implications, the Cabinet had decided to constitute a committee headed by Finance Secretary for further examination of the recommendations of 7th CPC on Allowances.
"The Committee will complete its work in a time bound manner and submit its reports within a period of 4 months. Till a final decision, all existing Allowances will continue to be paid at the existing rates," an official statement issued by the finance ministry said.
The government has already released the salary and pension arrears for the period January to July 2016 and started paying salaries after factoring in the hike from August onwards. A decision on payments to the armed forces was taken recently.
The recommendations of the 7th CPC are applicable to 47 lakh central government employees and 53 lakh pensioners, of which 14 lakh employees and 18 lakh retirees are from the defence forces.

Wednesday 21 September 2016

Mark list of LDC Examination for promotion of LGOs to the cadre of PAs/SAs

Mark list of Limited Departmental Competitive Examination for promotion of Lower Grade Officials to the cadre of PAs/SAs for the vacancies of the year 2015-16 held on 31.07.2016 (Forenoon)
 

 

The Reserve Bank of India (RBI) is soon set to bring out final operational guidelines for payments banks

The Reserve Bank of India (RBI) is soon set to bring out final operational guidelines for payments banks, more than a year after the regulator granted in-principle approval to 11 players for setting up such banks.



The Reserve Bank of India (RBI) is soon set to bring out final operational guidelines for payments banks, more than a year after the regulator granted in-principle approval to 11 players for setting up such banks.

This comes about close to two years after the final licencing guidelines had been issued in November 2014, which detailed the requirements and eligibility on the operational front.

Three people familiar with the development told Business Standard that the banking regulator has made it clear that the final guidelines on operations would be out soon. This was also communicated to the players at a closed-door conference in Pune about a week ago.

World Postal Strategy.

Pending approval by member countries at Congress, the Istanbul World Postal Strategy is to be adopted as the UPU’s road map for the 2017-2020 work cycle. The strategy is centered on three goals:
Goal 1: Improve the interoperability of network infrastructure.
Goal 2: Ensure sustainable and modern products.
Goal 3: Foster effective market sector functioning.

These goals evolved from discussions involving almost 90 per cent of the UPU’s 192 member countries. Some of the debates took place at a series of seven regional conferences in 2015, revealing common priorities among countries worldwide. E-commerce development and strengthening operational efficiency emerged as top-level priorities in all regions.
The strategy is also accompanied by a draft business plan, which links work proposals to expected outcomes and benefits for member countries. Fifteen programmes of activity have been developed to implement the strategic goals.
Global forces
The draft strategy is based on lessons from the current work cycle. This new digital age is characterized by disparities in socio-economic conditions. In this context, the UPU can help provide solutions geared towards social inclusion.
The UPU is also well-positioned to promote integration throughout the global postal network. Current activities are already helping the postal sector carry out its role as an essential component in the global economy.
With the rise of digital technologies and e-commerce, customers expect postal operators to modernize their services and improve quality, making innovation a necessity.
Revision of rates of damages for unauthorized occupation of general pool residential accommodation and damages for subletting w.e.f. 01.07.2016

Revision of rates of damages for unauthorized occupation of general pool residential accommodation and damages for subletting of general pool residential accommodation with effect from 1.7.2016 throughout the country - Partial modification

No.18011/1/2015-Pol.III
Government of India
Ministry of Urban Development
Directorate of Estates 
Nirman Bhavan, New Delhi - 110 108.
Dated the 7 September, 2016 g
OFFICE MEMORANDUM 
Sub: Revision of rates of damages for unauthorized occupation of general pool residential accommodation and damages for subletting of general pool residential accommodation with effect from 1.7.2016 throughout the country - Partial modification - Reg. 

Monday 19 September 2016

Cadre Restructuring meeting at CO

The First meeting on Cadre Restructuring of Tamilnadu Circle with all Union Representatives will be held at Circle office on 20.09.2016. 
Shri.Thirugnana Sampantham, convenor, P3 will attend in this meeting as NAPE P3 representative. 
Your Views  and Opinion may kindly be conveyed to Shri.Thirugnana Sampantham, convenor over Phone before 1700 Hrs today.

DoP plans to recruit around 55,000 GDSs through online

DoP plans to recruit around 55,000 GDSs through online mode in November& Postal Department achieved business of Rs. 14, 900 crore as against planned target of Rs. 14, 600 crore: B.V Sudhakar


The Departments of Posts plans to recruit around 55,000 Grameen Dak Sevaks through online mode in November, B.V Sudhakar, Secretary, Department of Posts, said.
Addressing a Press Conference here on Friday, Sudhakar informed that the software required for online recruitment is at the testing stage and the online method will ensure transparency in this recruitment.
In order to address the grievances of the postal customers, the National Service Call Centre - 1924 - was launched on September 12, 2016. Customers can call from any network to this number and they will be given a unique 11-digit ticket ID to check the status of their complaint. Nearly 98 per cent grievances and complaints were resolved, he said in a statement.

Post Payment Bank


Explaining about the Post Payment Bank, he said the focus will be on Government to customer services by providing services like Direct Benefits Transfer, which could also be helpful in the financial inclusion. There will be no lending to the customers and deposits can be made up to Rs. 1 lakh.
Total 650 branches of post payment bank will be set up by May 2017 and nearly one lakh employees will work on this set up, he added.

Solar power 


Sudhakar also informed to harness solar power, 4000 Postal buildings across country will utilize solar power in the coming days. To start with Postal Department headquarters at New Delhi will install Solar Power panels which can save up to Rs. 17 lakh of monthly power bill.


The business across Postal services registered growth with 3.8% growth in unregistered postal traffic, 6% in registered posts, 7.3% in Speed Post, 6.8% in savings banks mobilization and 25% growth in Philately, during 2015-16 as against 2014-15, he said.
Postal Department achieved business of Rs. 14, 900 crore as against planned target of Rs. 14, 600 crore, he added.

Video Presentation on GDS

Presentation 1 : ( CLICK HERE ).

 Presentation 2 :  ( CLICK HERE )

TN Circle called Meeting on Rule 38 transfer cases.

Tamilnadu Circle office called Meeting on Assessing vacancy position in PA cadre by adjusting the Pending Rule 38 transfer cases.

SOP for Internet/Mobile/SMS Banking

Standard Operating Procedure for Internet/Mobile/SMS Banking

1. Any Post Office Savings Account customer may apply for Internet/Mobile/SMS Banking facility. Savings Account must be standing at any CBS Post Office but not in Extra Departmental Branch Post Office in account with CBS Post Office.

2.Account Holder has to apply for Internet and/or Mobile and/or SMS Banking by filling ATM/eBanking/Mobile Banking Form. If Account holder has opened savings account after migration to CBS with proper KYC documents, there is no need for taking fresh KYC documents. If Account holder has opened Savings Account before migration, fresh Identity and Address proof as well as photograph has to be taken in Annexure-II of Account Opening Form(AOF) alongwith ATM/e-Banking/Mobile Banking Request Form.

3. This form has to be submitted only in the CBS Post Office where account was opened or where account is currently being operated after transfer. If a depositor of any account standing at any CBS post office wants to apply for E/M/SMS Banking at any other CBS Office, he/she has to first get his/her account transferred to the same CBS Post Office by following the already laid down procedure. In such cases CPA/SU should check the current SOL ID of the account which was transferred either in HACCDET or HACLI menu to confirm the same before enabling Internet/Mobile/SMS Banking.


4.Once Form alongwith required documents is submitted, Counter PA will go to IES menu of Finacle to verify signature of the applicant. If account is a Joint Account ‘B’ type, both the account holders have to sign the form and Joint Account ’A’ type of account holders cannot apply for these facilities.

5.Once customer’s signatures and other documents are verified, Counter PA has to see that all the required fields in the request form have been properly filled. Counter PA will go to CMRC menu and click on modify option. In CIF Modification menu, Counter PA has to click on Enable Internet banking and/or Enable Mobile Banking and/or enable SMS banking based on the options ticked by the applicant in request form. E Mail ID and Mobile Phone number are to be mandatorily filled by the Counter PA. See below screen shot:-

6.Supervisor has to verify the CIF modification in CMRC. After verification, Supervisor will make entry in a Register to be maintained in manuscript in CBS SO/HO showing following information:-
Date of apply- Date of delivery of PIN--Savings Account No.- Customer name-Mobile Number-E Mail ID- Signature of depositor- Initials of Supervisor. Depositor should be told to attend same CBS Post Office after 10 working days to get Internet Banking PIN. In case only Mobile banking facilities are applied, customer should be told to wait for 24 working hours and thereafter M PIN can be generated by the customer through the registered mobile number by downloading Mobile App. CIF ID will be the Login ID, both for Interest and Mobile Banking. In case of SMS banking, within 48 hours of applying, customer will get 4 digit PIN through SMS.

7. CPC Bangalore will print Internet banking PIN numbers and sent PINs to the respective CBS Post Office by service Insured Post. CPC Bangalore should keep sufficient stationary for PIN printing and dispatch. When any customer attend post office for getting PIN, Supervisor will enter date of delivery in the register and get deliver PIN mailer under signature in the register against the entry made on the day of accepting request form. Supervisor will initial against each entry. Customer should be told that CIF ID will be the Login ID and Login Password as well as Transaction Password should be changed after first login and should not be shared with anyone.

8.Facilities which can be availed by these account holders in Internet Banking, Mobile Banking and SMS Banking are attached. SMS Short Codes to be used by SMS Banking Account holders are also attached.

9.Every CBS Post Office has to paste this list of facilities and List Of Short Codes on the Public Notice Board.

10.LOTs and Consolidation of SB,RD,TD and PPF have been changed. A new selection criteria "Delivery Channel ID" has been added with default value as "BRN". When click on searcher, it shows following channels:-
BRN-Branch Transactions
BWY- E-Banking -M-Banking Chanel ID
SWT-ATM Channel ID
In BRN, all counter/system transactions done for a SOL will be shown. In BWY, all transactions done through Internet/Mobile Banking by Savings Account holders of a SOL will be shown. In SWT, all transactions done through ATM attached with the SOL will be shown. By default, BRN will be displayed in these LOTs and consolidation. Any CBS SO/HO should not account for transactions listed in BWY and SWT channel IDs. These offices can only see these reports in case of any complaint/grievance/inquiry.

11.Only Bangalore GPO will generate SB,RD,TD and PPF Consolidation by selecting BWY as channel ID and putting ALL as Set ID in the MIS server for the previous working day and account for total amount shown under different heads in the cash book showing amount as (Through E&M Banking). One deposit and one withdrawal voucher for the total amount (scheme-wise) has to be prepared by Bangalore GPO and transferred to SBCO alongwith printed copy of consolidation.

12.For any complaint regarding Internet/Mobile/SMS banking, customer has to either dial toll free number 1800-425-2440 or send an e-mail to postatm@indiapost.gov.in. If customer complains at any CBS Post Office, his/her complaint may be accepted and forwarded to this e-mail ID. CPC Bangalore will handle such complaints till further orders.

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