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

ஜூலை முதல் வட்டி விகிதம் மீண்டும் 0.1% குறைப்பு

Friday, 3 February 2017

Winners of stamp design competition on theme "Nature : India"​

Winners of stamp design competition on theme "Nature : India"​


7th CPC: Centre to hike allowances from April 1, says NJCA convenor

7th Pay Commission: Centre to hike allowances of Central Govt employees from April 1, says NJCA convenor

New Delhi, February 2: A day after Budget 2017 was tabled in the Parliament by Finance Minister Arun Jaitley, the Central Government employees were upset as the Union Minister nowhere mentioned any increase in the hike of allowances in the 7th Pay Commission. But the members of National Joint Action Committee (NJCA) are an optimist about the implementation of 7CPC and believe that the government will come up with some positive news on April 1. The NJCA also believe that the Union Government will be implementing the 7CPC latest by April 1, after the end of financial year.
On Wednesday, the central government employees were gripped with pessimism after Arun Jaitley made no reference to the anomalies related to 7CPC in his Budget speech. “All of us were eagerly waiting for Finance Minister to make some announcement on minimum wages. But after Mr Jaitley’s speech ended without mentioning a single word about the increase in the minimum wage, most of us were upset,” Shiv Gopal Mishra, NJCA chief said to

He further added, “The government may implement the 7CPC by April 1 and their demand to increase the minimum wage will also be implemented. If the government fails to increase minimum wages from Rs 18,000 to Rs 25,000 then we will launch a massive protest against the government”.

The NJCA has been actively involved with the Centre where they are seeking a revision of minimum salary from Rs 18,000 to Rs 26,000. The NJCA members and its conveyor had also met Home Minister Rajnath Singh, Finance Minister Arun Jaitley, Railway Minister Suresh Prabhu, a day after the implementation of 7CPC and had kept their demands in front of senior leaders.

Shiv Gopal Mishra is quite optimist about the hike in allowances of government employees but he is not sure that their demands of raising the minimum wage would be fulfilled by the government.

On Wednesday, most of the senior central government employees were eagerly waiting for the Budget speech as most of them expected the Finance Minister to speak on the 7CPC.

On July 1, 2016, the 7th Pay Commission was approved by the Union Cabinet. The date of implementation was fixed by the high-powered committee as for January 1, 2016. From the month of July, the central government employees were provided with the hiked salaries, along with the arrears of six months. But the hike was only related to the basic component of their pay. The increase in allowances was upheld, due to the anomalies raised by employees unions.

The implementation of 7th Pay Commission will directly benefit around 47 lakh central government employees, along with 53 lakh pensioners. In the 7th Pay Commission, the minimum wage has been revised from Rs 7,000 to Rs 18,000. While the maximum salary has been capped at Rs 2.5 lakh.
Source :

Thursday, 2 February 2017

650 Post office across the country will function as Passport Seva Kendras.

The Ministry of External Affairs (MEA) has drawn up ambitious plans of opening post office Passport Seva Kendras (PSKs) in 650 districts across the country soon.

Disclosing this during the inauguration of a post office PSK here on Wednesday, MEA Secretary D.M. Mulay said the MEA was planning to collaborate with the Department of Posts by opening PSKs at district level across the country to meet the growing demand for passports. The demand for passports in India, which is around 2 crore a year, was the third highest in the world after China and the U.S. A total of 60,000 passports are issued every day in the country, he added.

While there are a total of 89 PSKs in the country, the first two post office PSKs were opened at the Metagalli Post office in Mysuru and the Head Post office at Dahod in Gujarat in pilot mode on Wednesday.

Usha Chandrashekar, member, Postal Services Board, who was also present at the inauguration, said the postal officials will be processing the applications for verification of documents and obtaining the photographs and biometrics of the applicants at the post office PSKs.

The Department of Posts, which was earlier only handling posts, has also been handling a variety of other services, including delivering e-commerce parcels, insurance, social security products, and agricultural seeds. Now, it will be handling delivery of passport-related services in an IT-enabled manner, she added.

Union Minister Ananth Kumar, who inaugurated the post office PSK in Mysuru, hoped that all the districts of the country will have a PSK in one year’s time and appreciated Minister for External Affairs Sushma Swaraj’s initiative in the regard.

Pratap Simha, MP, recalled that the demand for a PSK for Mysuru was the first issue on which he had spoken in the Parliament after his election. He revealed that the decision to start a post office PSK in Mysuru from Wednesday was taken only last Friday and appreciated the officials of the Regional Passport Office, Bengaluru, led by RPO P.S. Karthigeyan for making the necessary arrangements in quick time.

New IT Rate Slabs after Budget -2017

The Union Finance Minister Shri Arun Jaitley in his Budget Speech ON 01/02/2017 in Lok Sabha proposed few change in the rate of personal Income-tax. The tax slab of 10% i.e from 2.5 lakh to 5 lakh has been reduced to 5 % from 10% earlier in respect of the income earned in the financial year 2017-18 assessable in the assessment year 2018-19.

The highlights of Union Budget 2017

Finance Minister Arun Jaitley presented theUnion Budget 2017, his fourth annual budget, today. Here are the highlights of this year's budget: 
►Income Tax rate cut to 5 pc for individuals having income between Rs 2.5 lakh to Rs 5 lakh 
►10 pc surcharge on individual income above Rs 50 lakh and upto Rs 1 cr to make up for Rs 15,000 cr loss of due to cut in personal I-T rate 
►15 pc surcharge on income above Rs 1 cr to continue 
►Of 3.7 cr individuals who filed tax returns in 2015-16, 99 lakh showed income below exemption limit 
►Direct tax collection not commensurate with income and expenditure pattern 
►Revenue deficit reduced to 2.1 pc from 2.3 pc for 2016-17 
►Govt pegs fiscal deficit target at 3.2 per cent for 2017-18 and 3 per cent for next year. 
► Monetary policy to be expansionary in major economies 
► More steps will be taken to benefit farmers and the weaker sections; budget being presented during weak global economy 
►Pace of remonetisation has picked up;demonetisation effects will not spill over to next year 
►Functional autonomy of the railways to be maintained 
►Demonetisation will help in transfer of resources from tax evaders to government: 
►Merger of Railways Budget with General Budget brings focus on a multi-modal approach for development of railways, highways and inland water transport 
►Only transient impact on economy due to demonetisation; long term benefit include higher GDP growth and tax revenue 
►GDP will be bigger, cleaner after demonetisation 
►Effects of demonetisation not expected to spill over to the next year, says Finance Minister 

Postal Department becomes smart with CSI Technology.

Pilot project in Pune City East Division offers reliable mail delivery services by improving online tracking system

Now, tracking letters or documents sent by the post offices will become easier. The postal department has started the Core System Integration (CSI) as part of its IT modernisation project. This is the first time in Pune that regional post offices have been chosen for this initiative.

The postal department has picked the Pune City East Division for the pilot roll-out. CSI is an integrated system that includes counter operations, delivery operations, financial activities and human resource management. The CSI is designed to augment the service delivery efficiency of the post offices.
Ganesh V Sawaleshwarkar, postmaster general of Pune Region, informed, “With the implementation of CSI, Pune will have the distinction of implementing all modules of the IT modernisation project — core banking solution, core insurance solution, core system integration and rural information and communications technology. So far, the department would use different systems for various functions. With CSI, there will be one system and hence the work will be streamlined. We will be able to provide better services to the customers.”

Once the documents are sent, a notification will be available to know when it can be expected to reach the recipient. The sender can also track the stage of delivery by using the verification code, which will be generated by the postal office.

Cheering the initiative, Neshrul Ansari (35), a Lohegaon resident, said, “I received a document on Friday morning, which was sent on Sunday by my friend based in Nagpur. Nearly five hours later, my friend received a message on the phone that the package has been delivered. I am very pleased with the service.”

Delivery boys, who are under constant pressure to transport documents or other packages on time as well as furnish proof about the same to their seniors, are heaving a sigh of relief after this development.

Chirag Bhairavkar, who works for Lohegaon Post Office, shared, “Earlier, we used to put packages in the letter box of the recipient. Sometimes, if the documents did not reach the correct recipient, then they would come to the post office and create a ruckus. With the notifications on phone, the process becomes simpler for all.”

Tuesday, 31 January 2017

மணநாள் வாழ்த்து

இன்று 01.02.2017 மணநாள் காணும் நமது அம்பை கிளை சங்கத்தின் தலைவரும் அம்பலவாணபுரம் SPM திரு V. இராம சுப்பிரமணியன் அவர்களின் புதல்வி  செல்வி R.பிருந்த்தா M.C.A.,
செல்வன் .Nஎங்கல்ஸ் B.Sc., District Central Co-operative Bank, Sivagangai 
இவர்கள் வாழ்வில் எல்லா வளமும் பெற்று வளமுடன் வாழ நெல்லை கோட்ட சங்கம் சார்பாக வாழ்த்துகிறோம்.
இடம் : சிவசைலம் சிவசைலநாதர் கல்யாணி அ ம்மன் திருக்கோயில் 
நாள் : 01.02.2017  நேரம் காலை 0600 மணிக்கு மேல் 0730 க்குள்

Secretary General Tour Programme.

Secretary General - FNPO PROGRAMME.
31/01/2017 to 03/02/2017  -  Hyderabad.
05/02/2017 to 08/02/2017-   22nd AIC NAPE Gr C @         

09/02/2017 to 12/02/2017- Mumbai.
20/02/2017 to 24/02/2017- New Delhi.
27/02/2017&28/02/2017- Ahmedabad,

India Post Payments Bank will be a game changer for financial inclusion - Manoj Sinha

India Post Payments Bank will be a game changer for financial inclusion - Manoj Sinha
Press Information Bureau,
Government of India
Ministry of Communications & Information Technology
30-January, 2017 18:27 IST

India Post Payments Bank will be a game changer for financial inclusion - Manoj Sinha
IPPB branches launched in Ranchi & Raipur
Finance Minister, Shri Arun Jaitley and Minister of Communications Shri Manoj Sinha launched the operations of the India Post Payments Bank (IPPB) here today as two pilot branches at Raipur and Ranchi through video conferencing from Delhi.

Speaking on the occasion, Shri Jaitley said that about 650 IPPB branches will be opened by September this year and that will have a multiplier impact as far as banking in India is concerned. He said with IPPB, banking at the doorstep will no longer remain a mere slogan, but will become a reality due to huge postal network in the country. He said that financial Inclusion is critical for the socio-economic development of the country, but there are significant gaps in this area and a large proportion of country’s population remain unbanked or underbanked. IPPB will effectively leverage the ubiquitous post office network with its pan-India physical presence, long experience in cash handling and savings mobilization, backed by the ongoing project of IT-enablement, to bridge this gap in Financial Inclusion.

In his address, Minister of Communications Shri Manoj Sinha has commended the hard work done by the Department of Posts in setting up the India Post Payments Bank and hoped that both organizations will work in tandem to take the benefits of government schemes and financial services that are not easily available in rural areas to customers across the country and to the marginalized population in urban and rural areas alike. He said, the objective of IPPB will be public service rather than promoting commercial interests.

Secretary, Department of Posts, Shri B.V.Sudhakar said that the IPPB is widely expected to be a game changer for financial inclusion in the country as the USP of this initiative is doorstep banking, particularly in the rural areas.

As mandated by the RBI, the India Post Payments Bank (IPPB) would focus on providing basic financial services such as all kinds of payments; including social security payments, utility bill payments, person to person remittances (both domestic and cross-border), current and savings accounts up to a balance of Rs 1 lac, distribution of insurance, mutual funds, pension products and acting as business correspondent to other banks for credit products especially in rural areas and among the underserved segments of the society.

Set up us a 100% Government of India owned Public Limited Company under the Department of Posts, it will open around 650 branches in district HQ locations. All 1.55 lacs post offices including the 1.39 lac of the rural post offices will be mapped to the IPPB branch at the district headquarter and function as access points for IPPB. IPPB will usher in state of the art internet and mobile banking platforms, digital wallets and use innovative and emerging technologies to catalyse the shift from a cash dominant to a less cash economy.

While many other banks and financial institutions are working on the same theme, the USP of IPPB will be its ability to ease access and handhold the adoption of new age banking and payments instruments among citizen of all walks of life through the delivery by postmen and Grameen Dak sevaks, savings agents and other franchisees who will take banking to door steps. IPPB thus aspires to the most accessible, affordable and trusted bank for the common man with the motto - "No customer is too small, no transaction too insignificant, and no deposit too little".

Given 'in principle' approval by the RBI along with 10 other aspirants on 19th Aug 2015, IPPB received the cabinet’s approval on 1st June, 2016 and was incorporated as on 17th Sept, 2106. Today it became the second payments bank to launch its operations. Having got its final banking license from the RBI on the 20th Jan 2017 it has commenced operations in record time of 10 days in partnership with the Punjab National Bank, after obtaining all necessary approvals and registrations from the RBI, NPCI etc.

A commemorative stamp and a logo of the new bank were also launched on the occasion

Commemorative Postage Stamp & First Day Cover for IPPB

Commemorative Postage Stamp & First Day Cover released by DOP on the occasion of pilot launch of IPPB

Commemorative Postage Stamp & First Day Cover released by Department of Posts on the occasion of pilot launch of India Post Payments Bank (IPPB) Shri Manoj Sinha Shri Arun Jaitley

மக்கள் அரசா ? கார்ப்ரேட்களுக்கான அரசா ?

மக்கள் அரசா ? கார்ப்ரேட்களுக்கான அரசா ?
சேமிப்பு கணக்கில் பணம் எடுக்க மாற்றமில்லை .
Current Account பணம் எடுக்க கட்டுபாடில்லை . 
 Limits on Cash withdrawals from Bank accounts and ATMs - RBI Order
DCM (Plg) No. 2905/10.27.00/2016-17

January 30, 2017

The Chairman / Managing Director / Chief Executive Officer,
Public Sector Banks / Private Sector Banks / Foreign Banks,
Regional Rural Banks / Urban Co-operative Banks,
State Co-operative Banks / District Central Co-operative Banks

Dear Sir/Madam,

Limits on Cash withdrawals from Bank accounts and ATMs - Restoration of status quo ante

Please refer to our circular DCM (Plg) No.1226/10.27.00/2016-17 dated November 08, 2016 placing limits on Cash withdrawals from bank accounts and ATMs in the wake of withdrawal of Legal Tender Character of Specified Bank Notes (SBN) and subsequent circulars DCM (Plg) Nos.12561274131714372142 and 2559 dated November 11, 14, 21, 28, December 30, 2016 and January 16, 2017 respectively, providing for relief and relaxations therefrom.

2. On a review of the pace of remonitisation, it has been decided to partially restore status quo ante as under:
  1. Limits placed vide the circulars cited above on cash withdrawals from Current accounts/ Cash credit accounts/ Overdraft accounts stand withdrawn with immediate effect.
  2. The limits on Savings Bank accounts will continue for the present and are under consideration for withdrawal in the near future.
  3. Limits vide the circulars cited above placed on cash withdrawals from ATMs stand withdrawn from February 01, 2017. However, banks may, at their discretion, have their own operating limits as was the case before November 8, 2016, subject to 2 (ii) above.
3. Further, banks are urged to encourage their constituents to sustain the movement towards digitisation of payments and switching over of payments from cash mode to non-cash mode.

4. Please acknowledge receipt.

Yours faithfully,

(P Vijaya Kumar)
Chief General Manager

இந்திய அஞ்சல் வங்கி முதல் கிளை தொடக்கம்

IPPB இந்திய அஞ்சல் வங்கி முதல் கிளை ராய்ப்பூர் மற்றும் ராஞ்சியில் மத்திய நிதி அமைச்சர் திரு அருண் ஜெட்லி அவர்களால் தொடக்கி வைக்க பட்டது.
Inauguration of the pilot branches of IPPB at Raipur and Ranchi through video conferencing by Arun Jaitely and Manoj Sinha on 30th January 2017, at 5PM 
Click here to  view .

நாட்டு நடப்புக்கள்

Budget 2017: The Make it or Break it one for Modi governmentClick here to read more.

India Post Payments Bank gets RBI nod to start ops

Reflection of the recurrent lapses in observing financial discipline in the Annual Performance Assessment Report (APAR)

Yes, this is the Asian Century. But there’s still cause for Western optimism
Click here to read more.

Pay Fixation of 4200 MACP on 15.3.2016 –misinterpretation of RPR 2016 leading to incorrect pay fixation of employees

Clarification on purchase of Air Tickets from Unauthorized Agents

Clarification regarding timely payment of GPF final payment to the retiring Government Servant – DoPT Order.

Govt to look into issues of Aadhaar being made mandatory for select schemesClick here to read more.

தமிழகத்தின் புதிய CPMG

தமிழகத்தின் புதிய CPMG ஆக திரு M .சம்பத் அவர்கள் நியமனம்.
அவர்களை நெல்லை கோட்ட சங்கம் சார்பாக வருக வருக என வரவேற்கிறோம். 
Promotion and postings of Senior Administrative Grade (SAG) officers of Indian Postal Service, Group 'A' to Higher Administrative Grade (HAG) of the Service and posting of an HAG officer of the Service 30-01-2017

To view please Click Here.

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