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Friday, 24 July 2015

7th Pay Commission Recommendations has begun to emerge!

“It doesn’t come as a surprise that even bits and morsels of information about the recommendations, which is being eagerly expected by nearly 50 lakh employees and pensioners, make headlines.”
The recommendations of the 7th Pay Commission have slowly started to make their way to the media in the form of unconfirmed news. The information that was being extensively discussed by all for more than a week now has finally made it to the websites yesterday.



It has now been confirmed that the 7th Pay Commission will submit is report to the Government next month. With the report being given a final shape, certain pieces of information have already started to hit the media. Some of the workable recommendations of the commission are out.
In 2006, a number of such unconfirmed reports surfaced, when the 6th Pay Commission report was being prepared, because the report was not submitted to the government on time. Due to the delay, there was tremendous curiosity to find out what the report contained. This led to a lot of rumors. Since the internet didn’t become that popular in those days, those rumors were hard to believe. Most of them were circulated by word of mouth.
Now, despite the fact that there are plenty of news sources, since it has become possible to trace the point of origin of the information, such rumors have reduced. This time around, the information was given by the leaders of Federations. Yet, one can neither completely accept them as true, nor dismiss them as entirely false.
Since the government and the major employees federations have their own websites, it has become possible for the information to spread to the corners of the world within minutes. Also, retracts and denials too have become equally fast, thus killing the rumours immediately. With a number of other individual websites and blogs too covering the news about Central Government employees, the readers are now able to differentiate between news and rumours.
There is nothing surprising or shocking in the news reports that have now surfaced. A minimum basic pay of Rs.21,000 is an expected one. The recently released Kerala Pay Commission too has recommended the minimum wage at Rs.17,000 (from 01.01.2014 onwards). The National Council has demanded that it be Rs.26,000 per month.
It is a well known fact that the Grade Pay System had been a source of constant irritation. The dual Hierarchy System (Promotional hierarchy and Grade Pay hierarchy) will come to an end. There will not be any more confusion about the promotions that come through MACP.
The Multiplication Factor of 2.86 does sound very low. NC JCM had pressurized the Pay Commission to fix it at 3.7. The 6th Pay Commission had fixed it at 1.86, and also given Grade Pay. Since the DA now stands at 125% (including July 2015 and January 2016), this could end up being substantial.

Payments bank licence imminent for India Post If approved, it will be consistent with PM’s plan to use post offices to deliver financial services to remote areas

India Post has 155,015 post offices across the country, of which 139,144 are in rural areas. Photo: Ramesh Pathania/Mint
New Delhi: The grant of a payments bank licence to the India Post is imminent, according to a senior finance ministry official who did not wish to be identified.

If approved, it will be consistent with Prime Minister Narendra Modi’s vision to utilize the existing network of post offices to deliver, in addition to the existing bouquet of postal services, financial services to the remotest parts of the country through digital connectivity and innovations.

India Post has 155,015 post offices across the country, of which 139,144 are in rural areas.

To give a fillip to these existing branches, the department of posts has tied up with e-commerce firms such as Snapdeal and Amazon to deliver parcels—parcel revenue for fiscal year 2014-15 rose 37% compared to a decline of 2% in financial year 2013-14, as reported by the Press Trust of India on 12 July.

“India Post will most likely get payments bank licence as they have a good case,” said the finance ministry official.

On 9 July, communications and information technology minister Ravi Shankar Prasad said that the Reserve Bank of India (RBI) is expected to grant payments bank licence for the operation of Post Bank of India.

The finance ministry official cited earlier also said that post offices as payments banks may also be allowed to accept transactions for others who may be awarded payments bank licences.

The committee on payments banks headed by Nachiket Mor submitted its report last week and the licences are expected to be awarded by the end of August. However, the number of licences that will be issued is still not known.

Mor declined to comment, saying that as the head of the committee he cannot disclose details.

A payments bank can take deposits, allow remittances and offer simple financial products, but will not be allowed to lend. It will have to invest 75% of its funds in government securities and the minimum capital required to set up a payments bank is set at Rs.100 crore.
The central bank, in November, had invited applications for payments bank and small finance bank licences.

In total, 41 applications were received by RBI for payments bank licences, including from Reliance Industries Ltd, Tech Mahindra Ltd, Aditya Birla Nuvo Ltd and Airtel M Commerce Services Ltd, among others.

Shailendra Kumar Dwivedi, director, Post Bank of India, India Post, said that he cannot confirm the development and that he can only talk after the licence is awarded.

“Like everybody else, the minister (Prasad) must have also heard it from some quarters. But given the credentials and readiness of the postal department, it must get the licence,” he said, adding that right now, it is uncertain.

However, Dwivedi added that the department has started the process of engaging with consultants who will help implement and set up the bank as it anticipates the licence.

A representative of a consulting firm with which the department is in talks confirmed that the department is preparing to ensure a quick roll-out once the licence is granted.

The consultant declined to be identified because the firm has signed a client confidentiality clause.

“Since the basic idea is to cover the unserved or underserved to make them included, it should be somebody who has a large distribution network, reach, infrastructure and has prior experience is similar business (financial services), maybe someone like India Post or microfinance institutions,” the consultant said.

India Post already offers financial services under the heads of post office savings scheme, postal life insurance, money remittance service, mutual funds and forex services.

Source : http://www.livemint.com/Politics/NdMqesPmdUDA693b1P9AhL/Payments-bank-licence-imminent-for-India-Post.html

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.