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Tuesday, 9 February 2016


FLASH ………… FLASH ……… FLASH


NJCA DECIDED INDEFINITE STRIKE FROM 11th APRIL 2016

Meeting of the National Joint Council of Action (Railways, Defence, Postal, Confederation) held on 08th February 2016 unanimously decided to serve indefinite strike notice on 11th March 2016 and to commence indefinite strike from 11th April 2016.

Further details will follow.
M.Krishnan
Secretary General
Confederation of
Central Govt. Employees & Workers
e-mail:mkrishnan6854@gmail.com
Mob:09447068125
Source : http://confederationhq.blogspot.in/

Saturday, 16 January 2016

Achievements and Success of Department of Posts

Average business provided by major players is as follows:
Amazon: ~3 Lakh articles per month (peak 6 Lakhs)
Snapdeal : 80000 articles per month
Myntra : 50000 articles per month
Flipkart : 30000 articles per month
Yepme : 60000 articles per month
Parcel Revenue : Rs. 92.35 Crores till Nov 2015
Speed Post revenue : Rs. 1023 Cr till Nov 2015 (~10% eCommerce business) 

COD remittances : Total >Rs. 1000 Cr till Dec 15 Profile of Revenue Stream
(in Rs Crore)
Products
2013-14
2014-15
2015-16(Upto Nov)
Speed Post
1372.2
1495.2
1023.5
Business Post
1029.5
962.5
553.7
Bill Mail Post
103.0
103.6
62.4
Express Parcel Post
77.6
64.3
38.0
Retail Post
70.2
84.4
51.5
Sale of Stamps
670.7
576.2
345.7
Logistics Post
15.3
24.4
10.7
Money Orders
606.9
632.3
331.9
Others
869.8
1023.0
415.3
Revenue from P.O.
4815.2
4966.0
2832.6
SBCC
5915.3
6670.0
5092.5
Total Revenue
10730.4
11636.0
7925.1
 · Revenue Growth  
· Speed Post revenue growth in the current FY is more than 16%. CAG report laid in Parliament on 8th May 2015 highlights that Speed Post is far better than private couriers, in terms of reach, assured delivery and delivery time.  
– Department has tied-up with more than 400 e-commerce agencies including Flipkart, Snapdeal, Amazon, YepMe, Shopclues etc for delivering e-Commerce pre-paid as well as Cash on Delivery (CoD) orders. Amazon is the largest business partner in e-Commerce. Rs 1000 Crore COD collection by Department of Posts so far and this figure this likely to cross Rs 1500 Crores by the end of the current FY.  
– Parcel revenue which registered 2% decline in 2013-14, registered 37% growth in 2014-15. 117% growth in parcel revenue till 31st October 2015 in the current FY. 
· Digital India  
– Core Banking Solution (CBS) rolled out in 12441 Post Offices along with 300 ATMs. CBS shall be rolled-out in all 25,000 Departmental POs along with 1000 ATMs by 31st March 2016.  
– Core Insurance Solution (CIS) rolled out in 23,792 Post Offices and shall be rolled out in all 25,000 Departmental POs by 31st March 2016.  
– Supply of solar powered, biometric hand-held devices with connectivity to about 20,000 rural Branch Post Offices shall be completed by 31st March 2016. All 130,000 rural post offices would be provided with hand-held devices by March 2017.  
• Promoting Financial Inclusion 
– India Post Payments Bank (IPPB)- RBI has accorded in-principle approval for setting up of Department of Posts Payments Bank on 7th September 2015. IPPB shall be set up by March 2017 and shall leverage the physical and IT infrastructure of the Post office, using low-cost, low-risk, technology based solutions to extend access to formal banking especially in rural, un-banked and under-banked areas, including MSMEs, small entrepreneurs, Village Panchayats & SHGs 
– Number of Post Office Savings accounts increased from 30.86 Crore to 33.60 Crore and total deposits of POSB accounts and Cash Certificates to Rs 6.5 Lakh Crore.  
– More than 80 lakh Sukanya Samriddhi Yojana accounts opened with a cumulative investment of more than Rs 2900 Crore since launch on 22nd January 2015.  
– More than 1.84 Crore Kisan Vikas Patras sold, attracting an investment of more than Rs 16,429 Crore since launch on 18th November 2014.  
– Launch of PM Suraksha Bima Yojana and PM Jeewan Jyoti Yojana for Post Office Savings Bank account holders in CBS Post Offices. So far, more than 57,000 policies have been sold to POSB customers.  
– Increase in maximum sum assured in Postal Life Insurance from Rs 20 Lakh to Rs 50 lakh and for Rural PLI from Rs 5 lakh to Rs 10 lakh in order to provide more investment opportunities to customers and also increase claim amount to nominees in case of death. 
ClickHere to view details

Friday, 11 December 2015

Hunger Strike in Sagar Division by AIPEU

Hunger Strike was performed by Com. R K Choubey, Circle President MP along with Sagar Division Comrades in front of Sagar Cantt HO and Divisional Office.
Here are some pics...

Tuesday, 8 December 2015

25 banks & institutions keen on India Post Payments Bank venture

Postal dept has also floated tender for appointing consultants for the new venture; likely to finalise one by next month.

As many as 25 commercial banks and institutions including Deutsche Bank, State Bank of India, Punjab National Bank, Axis Bank, Yes Bank and IDBI have evinced interest in partnership with India Post for their payments bank venture.

The postal department has also floated tender for appointing consultants for the new venture and likely to finalise the consultant by next month, a senior official from the department of posts told Business Standard.
"We are in the process of appointing a consultant. Subsequently, we will take a decision on the various proposals by banks and institutions which might take few months. We are evaluating the proposals," the official said.

In August this year, RBI approved Payments Bank plans of 11 firms including Paytm, Reliance Industries, Bharti Airtel, Departments of Posts (DoP), Vodafone and others.

The official said such partnerships could be beneficial for end users and could enable offerings of mutual funds, insurances and other related products to the customers.

As per RBI guidelines, the first branch of payments bank has to be set up within 18 months. Payments bank will be able to offer products such as demand deposits and remittances. They will not be allowed to undertake lending activities and will initially be restricted to hold a maximum balance of Rs 1 lakh per customer. However, they will be allowed to issue ATM or debit cards as other prepaid payment instruments, but not credit cards.

Money remittance is a big segment and 55-60 per cent of these happen in the unorganised sector while the total market is estimated to be Rs 2 lakh-crore, half of which is in the informal sector.

DoP is in the process of preparing a note for approval by the Public Investment Board (PIB) for an investment of around Rs 300-400 crore for Payments Bank.

After PIB, an approval will be sought from the Cabinet. A wholly-owned subsidiary will be carved out under the DoP for payments bank, which will later become an umbrella firm for a full Bank and professionals will be roped from the private sector to manage the new firm

Under the payments bank, the initial plan is to have 650 main branches where the department has head or bigger post offices. Subsequently, 25,000 'spoke' branches will be set up while the other 130,000 POs will act as business correspondents. The new unit will use the existing infrastructure of the postal department and will pay user charges to the department.

According to an earlier detailed project report by Ernst & Young for DoP, the payments bank will be able to break-even in five years, once operations start. And, DoP will earn revenue of Rs 250 crore in the first year from the new banking entity, expected to go up to Rs 600-700 crore annually in the five years.

Tuesday, 24 November 2015

BADGE FOR “BLACK DAY” – 27.11.2015

Meetings with the VII CPC and the Cabinet Secretary – resentment conveyed to Govt. of India

nc jcm 18.11.2015
No.NC/JCM/2015                                                                                                                                                             Dated: November 20, 2015
All Constituents of the
National Council(JCM)
Dear Comrades,
Sub: Meetings with the VII CPC and the Cabinet Secretary
Today I met the Chairman, VII CPC, Justice Shri Ashok Kumar Mathur, and expressed our anguish against retrograde recommendations of VII CPC, particularly reg. Minimum Wage, reduction in HRA and CCL, non-redressal of NPS, abolition of various allowances, examination of MACP benefit, etc. etc.
Tough he had given argument, but I told him about the anguish of all the constituents of the JCM(Staff Side), who feel that they have been betrayed by the VII CPC.
Comrades! I have also met the Cabinet Secretary, Shri P.K. Sinha, in the afternoon and handed him over a copy of the attached letter and requested him to convene meeting of the NC/JCM at an earliest as well as to intervene in the matters raised by the JCA in case of report of VII CPC at an earliest. The Cabinet Secretary has promised that he would try to fix the meeting at an earliest and also look into the points raised by the NC/JCM(Staff Side) for VII CPC.
With fraternal greetings!
sign secretary
Letter to Cabinet Secretary(i)
Letter to Cabinet Secretary(ii)