Friday, 14 June 2013
OBITUARY
June 14, 2013
Kalaivaraikalai
Thursday, 13 June 2013
Dot, dash, full stop: Telegram service ends July 15
June 13, 2013
Kalaivaraikalai
“The growing use of mobile
phones and Internet has led to steep decline in the usage of the
telegraphic service…it [the telegram] has become financially unviable.
After stopping telegram service for overseas communication earlier this
year, we have now decided to discontinue it for the domestic market from
July 15. The BSNL Board has already approved it. Final clearance is now
being sought from the Department of Telecommunications,” a senior BSNL
official told
The Hindu
.
In India, the first telegraph message was
transmitted live through electrical signals between Calcutta (now
Kolkata) and Diamond Harbour, a distance of about 50 km, on November 5,
1850; and the service was opened for the general public in February
1855.
Over the years, the BSNL made several technical
upgrades in the telegraph service, with the latest being the
introduction of a web-based messaging system in 2010. However, growing
Internet penetration and cheaper mobile phones in the last decade have
kept people away from the 182 telegraph offices across the country.
“In
May 2011, we revised telegram charges after six decades to arrest
declining revenues…but it did not work. It is estimated that the BSNL is
suffering an annual loss of Rs.300 - 400 crore from its telegraph
service alone. As it has virtually become redundant, it is prudent to
shut it down. However, there will be no job cuts and all those working
in telegraph offices will perform other jobs related to telephone and
Internet services,” the official added. The BSNL’s financial performance
in recent years has been alarming. From a profit of Rs. 575 crore in
2008-09, the telecom giant has been reporting massive losses for the
last three years.
Source : The Hindu
Results for MTS Examination for the year 2012 held on 26/05/2013
June 13, 2013
Kalaivaraikalai
கடந்த 26.05.2013 அன்று நடைபெற்ற MTS தேர்விற்க்கான RESULT வெளியிடப்பட்டுள்ளது. அதில் நமது அஞ்சல் மூன்றின் கோட்ட உதவி செயலாளர் திரு அந்தோணி பிச்சை அவர்களின் புதல்வன் திரு தேவ ஸ்ரின் உதயன் அவர்கள் GDS BPM, Sankanankulam BO வெற்றி பெற்றுள்ளார் அவருக்கு நமது மனமார்ந்த வாழ்த்துக்கள்.
அனைவரும் தங்கள் மதிப்பெண்களையும் தெரிந்து கொள்ள
பார்க்கவும் கீழே உள்ள தொடர்ப்பை
மேலும் விவரங்களுக்கு இங்கே சொடுக்கவும்
அனைவரும் தங்கள் மதிப்பெண்களையும் தெரிந்து கொள்ள
பார்க்கவும் கீழே உள்ள தொடர்ப்பை
மேலும் விவரங்களுக்கு இங்கே சொடுக்கவும்
Meeting with Member (P) and officers
June 13, 2013
Kalaivaraikalai
Yesterday the General Secretary along with President
Sri Rajat S Das and B.Sivakumar AGS met Member (P) and concerned Directors
and discussed about the problems of HSG I and Postmaster cadres, officiating
pay to those officials officiating in HSG I & HSG II. the Member(P)
responded positively. After calling options from HSG I officials for the Postmaster
grade III the effect on the Postmaster grade II officials were also discussed.
Please await further course of decisions.
Shri.Kisan Rao General Secretary
NUPE Gr C
Monday, 10 June 2013
DoP to move cabinet note to apply for bank licence
June 10, 2013
Kalaivaraikalai
"We are moving a cabinet note now and after that we will be applying for
the licence. After the cabinet note, we will go ahead with setting up
the bank," Postal Services Board's member, planning, Suneeta Trivedi, told PTI here.
Trivedi asserted that the Department will be making the application by
July 1, which is the last date set by the Reserve Bank for receiving
applications.
The department of Posts has engaged consultancy firm Ernst & Young
for helping it at the application stage by creating the "whole concept"
of the bank and has already gathered all the know-how to enter the
fray.
However, Department of Financial Services Secretary Rajiv Takru seemed to be not so much interested at the prospect of India Posts entering the banking fray.
There is a lot more to banking than merely having the reach and opening savings
accounts, he told reporters, adding that it also involves very complex
things at the back end and seemed to suggest that a Japan-like case,
where the postal department has a bank, may not work in the country.
When asked about the same, Trivdei said, "We have worked out all on the
know how, about everything. There is nothing like that" and added that
there is no rethink on the part of the Postal department.
Sector watchers suggest that if financial inclusion is the ultimate aim
in granting new licenses in this round, the entry of the department will
be highly beneficial to the agenda being pursued by the Reserve Bank
and the Government.
Saturday, 8 June 2013
Friday, 7 June 2013
பணிசிறக்க வாழ்த்துகிறோம்.
June 07, 2013
Kalaivaraikalai
திரு S.K.ஜேக்கப் ராஜ் ஆகியோர் பணிசிறக்க வாழ்த்துகிறோம்.
-- தேசிய சங்கம் நெல்லை
Shri G.K Padmanabhan Passed AWAY........
June 07, 2013
Kalaivaraikalai
Thursday, 6 June 2013
No decision on central staff retirement age on cabinet meeting:
June 06, 2013
Kalaivaraikalai
Though a number of newspapers and websites did spread the news that cabinet is likely to enhance central employees' retirement age by two years today, nothing of this kind has been announced after the cabinet meeting held on 04.06.2013.
As per information available with us, the Govt. has already taken in principle decision to extend the service for two more years and DOPT has begun to work to implement the same.
The formal announcement is yet to be made but will be within this year definitely.
Courtesy :www.fnpo.org
Courtesy :www.fnpo.org
Wednesday, 5 June 2013
Meeting the Chief Engineer Metro Water for Teynampet Staff Quarters
June 05, 2013
Kalaivaraikalai
Letter to Chief Engineer is reproduced below.
Tuesday, 4 June 2013
Brief Report on Federal Working Committee
June 04, 2013
Kalaivaraikalai
.bmp)
Brief Report on Federal Working Committee held on 01.06.13 & 02.06.13
Monday, 3 June 2013
RBI releases clarifications to the queries on the Guidelines for Licensing of New Banks in the Private Sector
June 03, 2013
Kalaivaraikalai
The Reserve Bank of India today released on its website, clarifications to queries on the Guidelines for Licensing of
New Banks in the Private Sector.
The Reserve Bank of India released the Guidelines for Licensing of New
Banks in the Private Sector on its website on February 22, 2013. Following the
issue of the guidelines, RBI issued a press release on March 7, 2013 inviting
queries from intending applicants seeking clarifications on the guidelines and
also stated that considering that the clarifications provided would be of wider
interest and use for all intending applicants, the Reserve Bank would post the
clarifications on its website.
In all, RBI has received 443 queries from 34
individuals/ organisations. Upto the end of March 31, 2013, RBI had received 71
queries from 9 individuals/ organisations. As many as 330 queries from 19
individuals/ organisations were received between 5th to 10th April, 2013, of
which 240 queries from 10 individuals/ organisations were received on April 10,
2013, i.e. on the last date. Further, 42 queries were received after April 10,
2013. The clarifications to all the queries have been provided. A few queries
have been clubbed with other related queries for the sake of clarity and
continuity.
A good number of queries have brought out
issues relating to the provisions in the guidelines on the eligible promoters,
‘fit and proper’ criteria, corporate structure of the Non-Operative Financial
Holding Company (NOFHC), foreign shareholding and on transition time to the new
structure. While interpreting the replies, it must be kept in view that though
the replies are specific to the questions, these must be seen in the wider
context of the guidelines.
What’s New:
Validity period of
the in-principle approval
As per the guidelines for licensing of new
banks in the private sector issued vide RBI Press Release dated February 22,
2013, the validity of the in-principle approval for setting up of the NOFHC /
bank was one year from the date of issue and would lapse automatically,
thereafter.
The queries received from intending
applicants brought out several complex issues pertaining to re-organisation of
the existing corporate structure, restructuring of businesses and meeting the
regulatory requirements. In the above context, RBI has been requested to
clarify as to whether it would provide more time for a smooth transition from
the existing structures to that prescribed in the guidelines as also for
meeting the regulatory requirements. It has therefore, been decided to extend
the validity period of the in-principle approval from one year to 18 months.
Accordingly, the provisions at para 4(K) (vi) of the guidelines stand modified.
It is expected that this would provide sufficient time for the
Promoters/Promoter Group to comply with the various stipulations in the
guidelines and the terms and conditions that would be set out while granting
the in-principle approvals to successful applicants.
Applicability of
norms of other regulators
Some of the provisions in the guidelines
relate to Non-operative Financial Holding Company (NOFHC) structure which
envisages holding of the bank and other regulated financial services entities
of the Promoters/Promoter Group under the NOFHC and prudential exposure norms
for the regulated entities. These requirements overlap with regulatory norms
prescribed by other sectoral regulators like SEBI and IRDA. In this regard,
queries were raised on adherence to different sector specific requirements.
Such issues were examined in consultation with SEBI and IRDA. It has been
decided that while the structure prescribed in the guidelines is the preferred
structure, the intending applicants should approach the other financial sector
regulators for bringing the entities regulated by them under the NOFHC. Their
decision in this regard would prevail. Therefore, at the minimum, the proposed
bank and all RBI regulated entities will necessarily be under the NOFHC.
Ajit
Prasad
Assistant General Manager
Press Release :
2012-2013/2022
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RBI to clarify on new Bank licensing norms on today
June 03, 2013
Kalaivaraikalai
KOLKATA: Reserve Bank of India said
it will answer the queries on new bank licensing guidelines on June 3,
leaving nearly a month for the aspirants to submit applications.
The banking regulator had issued
guidelines for licensing of new private banks on February 22, 2013. It
has told the interest parties to submit applications by July 1. RBI had received several queries regarding the guidelines from the interested entities. It said it would post the clarifications on its website.
Private entities or groups, entities in public sector and non-banking financial companies are eligible to apply for banking licence.
Aditya Birla Group, Larsen & Toubro, Mahindra & Mahindra, government-owned India Post and Life Insurance Corporation of India are among the entities which are keen to apply for banking license.
Source : http://economictimes.indiatimes.com
