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Sunday, 14 June 2015

DEPARTMENT OF POSTS (POSTAL ASSISTANT & SORTING ASSISTANT, GROUP 'C' NON-GAZETTED) RECRUITMENT RULES - 2015

It is Gazetted that the Direct Recruitment Examination for the PA & SA will be conducted by STAFF SELECTION COMMISSION. 


Age & Qualification will be specified in the notification issued by the STAFF SELECTION COMMISSION.

50% vacancies for Postman/MTS/Gr.D
3yrs regular service for Rs.5200+2000
5ys regular service for Rs.5200+1900 & 5200+1800

unfilled vacancies for GDS - by Direct Recruitment
Age : with in 30 years (relaxable for different categories)
Qualification : 10+2 / 12th class pass
service : minimum 5 yrs






Click for Hindi & English - Gazette copy

Postal Assistant Exam now through of SSC CHSL (Staff Selection Commission Combined Higher Secondary Level Exam)

From this year onwards Postal/Sorting Assistant Exam (PA/SA Exam) will be part of Staff Selection Commission Combined Higher Secondary Level Exam. Department of Post has decided to conduct the exam through SSC and Gazette Notification in this regard was issued on 21 May 2015. Till now, for the last 02 years exam was conducted through a private company called CMC Limited and there were lot of complaints regarding the conduct of examination. Malpractices were detected at many Circles and Re-Exams are now being held in those Circles. In view of candidates it’s a welcome move because now onwards you have to prepare for one less exam every year. SSC CHSL + Postal Assistant Exam Preparation now onwards at one go.
Notification for SSC CHSL 2015 is expected today (12 June 2015) or tomorrow (13 June 2015). It is expected that Postal Assistant Exam 2015 will also be part of this year's notification. Let's wait and See. More details in this regard will be posted soon.
Anyway Check the Postal/Sorting Assistant Recruitment Rules 2015 in Official Gazette.

Thursday, 4 June 2015

RBI NOD TO POST BANK OF INDIA EXPECTED BY JULY THIS YEAR : RAVI SHANKAR PRASAD


            
Union Minister Ravi Shankar Prasad today said he expects Reserve Bank of India(RBI) to grant payment license to proposed Post Bank of India by July. He said the network of 1,54,000 post offices (including 1,30,000 rural post offices) equipped with payment bank facility will bring new revolution.
            On proposed Post Bank of India for which permission is pending with Reserve Bank of India, Union Minister said, “by July August the payment bank license is ought to be given. We have 1,54,000 post office. With opening of payment bank there will be new financial revolution. We have 1.5 lakh service sectors involved. We want our 1.30 lakh rural post offices also to be covered under this network.”
            Briefing about one year achievements of his department Prasad said, “In last one year 27,215 post offices are networked into one national unit through computers. Money transfer etc facilities are available through this network. 1,30,000 solar powered handheld bio-metric devices to be provided to rural post offices. ”
            “In previous year there were 4 ATMs, in this year 115 ATMs are installed. Core banking solution availability is up from 236 to 2590 post offices in one year.”
            “E-commerce cash on delivery revenue has been up from Rs 100 crore to Rs 500 crore in a year. Parcel revenues grew by 37% this year from 2% decline in previous year. 28 new parcel centers are established to boost e-commerce.”

            “CAG report laid in parliament on May 2015 highlights that speed post service is better than private couriers. The survey was conducted in 8 states before this conclusion.”

Thursday, 21 May 2015

Rates of Remuneration payable to DoP for Savings Bank and Savings Certificates work for the Year 2015-16

POSB Rates for the Year 2015-16
Sl.No.
Item / Category
Rate per unit
1
Savings Deposits
205.59
2
Savings Certificates (NSC,KVP)
70.25
3
Indira Vikas Patra
18.60
4
Silent Accounts
31.17
Source : Department of Posts (FS Division) Letter No.63-1/2015-(FS) dated 20-05-2015

Tuesday, 19 May 2015

Com.B.G.Tamhankar Ex-President of NFPE & AIPEU Group - C, CHQ no more




Com.B.G.Tamhankar Ex-President of NFPE & AIPEU Group - C, CHQ breathed his last today (17.05.2015) at 07.30 AM. He was severely ill for last many days.

This is the second biggest shock to the entirety of trade union fraternity after the sad demise of Com. S K Vyasji, earlier this year. Even after his retirement, Com Tamhankar remained active in union activities and was attending all programmes conducted by our CHQ / NFPE. I had interacted with him for the last time during the workshop on 7th CPC conducted by our CHQ in New Delhi in May, 2014. He has compiled some useful guide books for S B Counter P As and Supervisors. He will be remembered for ever for his contributions towards the working class, his simplicity and soberness .
SAPOST conveys heartfelt condolences to the bereaved family members and the Comrades of Maharashtra Circle.
Let the departed soul rest in eternal peace.

Thursday, 14 May 2015

People still trust Postal department : Ravi Shankar Prasad

NEW DELHI: Underscoring the importance of India Post, Telecom Minister Ravi Shankar Prasad today claimed that even Maoists don't target the postal network for the fear of losing people's support. 
"People of the country still trust the postal department. I want to tell you a very sensitive thing... there is so much of Maoist violence, but still, the attacks on post is low because they (Maoists) also know that if they try to attack it, the people will be unhappy with them," Prasad said during the launch of a mobile app for India Post. 
The Minister suggested that India Post should strive to become the largest player in the e-commerce segment. 
"I want that in e-commerce, India Post should become the largest player and you have to do it... if you take 4 steps, I will take 10 steps with you because I am seeing that in India, e-commerce has got a very good future," he said. 
Prasad assured the staff that not even a single employee would lose his job even as he exhorted them to change with times. 
The postal department has established the e-commerce centre at Safdarjang in New Delhi which will handle e-retailing exclusively. It's equipped with modern technology and is capable of handling 30,000 parcels per day. 
Leading e-commerce players such as Amazon, Paytm, Yepme, Snapdeal and the like are already using services of India Post. 
The mobile app for India Post is android-based and includes features like real-time tracking, post office search and postage calculator. 
India Post has over 1.55 lakh post offices, of which more than 1.39 lakh are in rural areas. 
Prasad said in a Facebook post, "I am happy to share with you that India Post collected Rs 500 crore from Cash on Delivery of eCommerce parcels alone in 2014-15." 
The Minister said he met the representatives of eCommerce majors and assured them of the best services from India Post.

Source : http://economictimes.indiatimes.com/

Tuesday, 12 May 2015

Postal department has decided to rope in professionals from the private sector for Post Bank of India (PBI)

As PBI is to use the department's infrastructure - real estate, office premises, computers, information technology system and a large part of its staff - to run the payments bank, the department expects to earn a revenue of Rs 2,365 crore over the first five years of operations, through transfer pricing. This will help the government reduce the subsidy it annually gives the department for running its operations.

The postal department's deficit for 2015-16 has been pegged at around Rs 6,665.09 crore, according to Budget documents. This had stood at Rs 6,377.89 crore the previous year, and Rs 5,339.28 crore in 2013-14.

According to sources, the Reserve Bank of India (RBI) could approve issue of licence for this payments bank by August this year, after which the process for setting it up might start.

Within three months of getting the licence, the department will hire key resources like chief executive officer, chief financial officer, chief operating officer, chief people officer and chief risk officer, according to a presentation recently made before Communications Minister Ravi Shankar Prasad.

This core team will take up the increased responsibility during the first 12-18 months after approval of licence, and assume full charge around the date of the launch. PBI is expected to become viable within three years of operations and is projected to generate annual profits of about Rs 91 crore by the end of five years.

The department will soon move a Cabinet note for approval of Rs 650 crore as investment in the proposed payments bank.

For PBI, the plan is to have a hub-and-spoke model. There will be 650 main branches where the department will have head or bigger post offices. Subsequently, 25,000 'spoke' branches will be set up, while some 130,000 post offices with act as business correspondents for the payments bank.

The idea will be to target rural customers with products like small savings accounts, payments/remittances services and assistance in getting loans and insurance products from third-party institutions. For urban customers, the products will include pre-paid wallets for easy remittances and micro insurance products. Also, there will be an attempt to tap micro and small businesses with their products. The focus will be on high-volume, low-value transactions and providing small savings accounts and payment services to migrant labour, low-income households and the unorganised sector, according to the presentation.

The department had earlier proposed a fully-owned and new entity as an umbrella firm for its four or five strategic business units, to look after banking & financial services and insurance, and for offering third-party products, besides e-commerce and management of government services.

And, a few of these units will be hived off into separate entities; a feasibility study for setting up new units will start sometime this year.

The postal department has a 150,000-strong network of post offices across the country which directly employ 500,000 people. The department is largely moving in line with the report of a panel headed by former Cabinet Secretary T S R Subramanian in this regard.

In the Budget speech this year, Finance Minister Arun Jaitley had said the government was committed to increasing people's access to the formal financial system. "The government proposes to utilise the vast postal network, with nearly 154,000 points of presence across villages of the country. I hope the postal department will make its proposed payments bank venture successful, so that it contributes further to the Pradhan Mantri Jan Dhan Yojana."

While remittance is a big segment, 55-60 per cent of this happens through the unorganised sector. The department is looking to strengthen its foothold in this space. Half of India's remittance market, estimated to be worth Rs 2 lakh crore, is in the informal sector, and does not reflect in official numbers (on remittances through India Post, mobile wallets, etc) for want of clarity on definition of migrants.

Apart from India Post, other applicants for a payments bank licence include Bharti Airtel, Vodafone India, Idea Cellular, Uninor and Reliance Industries. Unlike full-fledged banks that make money on float through arbitrage - they lend money at higher interest rates than what they pay depositors, and do not charge on transaction services - this proposed payments bank will charge for services, primarily cash-outs and cash-ins. The proposed entity could deposit the amount in government securities and earn annual interest at 8-8.5 per cent, and it might give customers three to four per cent on the amount. However, unlike scheduled banks, they will not be allowed to use the cash for giving loans.

Source : http://www.business-standard.com/article/companies/post-bank-to-get-professionals-from-pvt-sector-115051100059_1.html