Thursday 16 April 2015

Rate of Dearness Allowance applicable wef 01.01.2015 to the employees of centrasl Govt. payment thereoff regarding

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Friday 10 April 2015

CHQ News : Result of LDCE for promotion to the cadre of Inspector Posts and LGO Examination for the year 2014 held of 22nd and 23rd November 2014

Now, it is learnt that most of the genuine representations / queries and objections are removed by the Directorate and we hope that both the results are expected by the end of this month. It is once again requested to all candidates not to make unnecessarily representations / queries to Directorate. 

Thursday 9 April 2015

Insurance of Value Payable Articles : Gazette Notificaiton

To view Directorate Memo No. 7-6/2013-PO dated 26/3/2015, please CLICK HERE. 

Amendment in Indian Post Office Rules, 1933 : Gazette Notification, Transmission of Articles by Post.

To view, please CLICK HERE. 

LTC Claims - Need for observing prescribed procedures

CLICK HERE to see DoPT OM No. 31011/3/2015-Estt (A-IV) dated April 1, 2015. 

Formation of Postal Services Staff Welfare Board for the term w.e.f 01.04.2015 to 31.03.2017 - Nomination of Staff Representatives

 To view Directorate memo, please CLICK HERE.

Message from Hon'ble Ravi Shankar Prasad, Communication and Information Technology minister


 

Monday 6 April 2015

Postal bank set to become a reality, says Rajan


The country will see many new banks in the coming years, including a postal bank promoted by the postal department, Reserve Bank of India (RBI) governor Raghuram Rajan said on Thursday.
 
Speaking on the occasion of commemorating 80 years of the central bank, the governor said, “In the coming year, we will have many new players in the banking eco-system, such as payments banks, small finance banks and possibly a postal bank competing with existing universal banks, regional rural banks, cooperative banks, and a variety of non-bank finance companies.”
 
The department of posts has already applied for a payments bank licence after RBI initiated the licensing process last year. Payments banks are niche banks which will be allowed to function with several restrictions; they will not be allowed to lend and will have a cap on the deposit it can take from an individual. A postal bank, if it gets a licence from RBI, will be a universal bank.
 
A task force under T S R Subramanian for suggesting ways to leverage the post office network has recommended that the government set up a holding company under the department of posts for immediate roll-out of banking, insurance and e-commerce services through India’s 155,000 post offices. The task force had submitted its recommendation last December.
 
Rajan also said the central bank has successfully developed a liquid government bond market, which gave the government the confidence to think of issuing 40-year bonds. “The rupee is truly becoming international, as foreign institutions queue up to issue rupee-denominated bonds. New products supported by RBI, such as the recently introduced interest rate futures contract, are doing roaring business on exchanges,” he said.
The former chief economist of the International Monetary Fund (IMF), however, also said the task of the central bank is far from over, particularly so far as infrastructure financing is concerned. He also reminded that banks already have too much exposure to infrastructure while big corporate infrastructure players have also taken too much debt.
 
“Going forward, we need to develop new sources of risk capital so that our infrastructure needs can be financed with a moderate amount of debt, even as we help the system deleverage,” he said.
 
In his speech as the chief guest at the function, Prime Minister Narendra Modi highlighted the need to extend finance to the poor.
 
Modi urged RBI to take the lead in encouraging financial institutions to set concrete targets for financial inclusion over the next 20 years, to help transform the quality of life of the poor.
 
“I come as a representative of the poor, underprivileged, marginalised and tribals; I am one among them; I seek on their behalf and trust you will not disappoint me,” Modi said.
 
The Prime Minister also downplayed any tension between the central bank and the government over several recent proposals, including shifting of the debt management function from RBI to an independent agency.
 
Modi said the governor meets him once in two months and he found Rajan’s presentations simple and easy to understand.
 
“What this means is that maybe government and RBI’s thoughts are similar and this is possible because of that. I believe that this is very necessary and I as a representative of the government express my satisfaction on this issue,” Modi said. Modi said along with economic and social parameters, there is a need to think of a geographical parameter as well for financial inclusion. He said eastern India had immense economic potential, and the banking sector should recognise and plan for this.
 
The Prime Minister said the success of the Pradhan Mantri Jan Dhan Yojana and the Direct Benefit Transfer of LPG subsidy, had shown the potential of the enormous role that the banking sector can play in ensuring financial inclusion.

Amendment of Department of Posts ( Postman and Mail Guard ) Recruitment Rules, 2014

To view the Gazette Notification, please CLICK HERE. 

Retirement in the month of April 2015


Following officer is retiring from Govt. Service on superannuation on 31/4/2015
Sl No
Name of the officer
Designation
Date of Birth
Date of Retirement on Superannuation
1
Shri Salil Kr Ganguly
SPO , North Hoogly Dn
08.04.1955
 
30.04.2015

Recruitment Rules for the posts of (i) Manager and (ii) Senior Manager (iii) Senior Manager (NFSG) in Mail Motor Service, D/o Posts

To view, please CLICK HERE. 

Friday 3 April 2015

"Mr APPC" at Asian Pacific Postal Union, at Bangkok, Thailand


 
Mr Anup Giri,   Asstt Supdt Of Post , South Bengal Region of West Bengal Circle , India is selected and awarded as "Mr APPC" at Asian Pacific Postal Union, at Bangkok, Thailand on 3rd April 2015. 









Thursday 2 April 2015

Government Announces Interest Rates for Various Small Savings Schemes; Rates to Come Into Force with Effect from 1.4.2015



It was decided by the Government of India that interest rates on Small

savings Schemes will be linked to yields on government securities of

comparable maturity. In pursuance of that decision, the Government

has decided to revise the rates applicable on various small savings

schemes as given in the table below. 


     Scheme
Rate of interest
w.e.f.01.04.2014
Rate of Interest
w.e.f. 01.04.2015
1.
2.
3.
 Savings Deposit
4.0
4.0
 1 Year Time Deposit
8.4
8.4
 2 Year Time Deposit
8.4
8.4
 3 Year Time Deposit
8.4
8.4
 5 Year Time Deposit
8.5
8.5
 5 Year Recurring Deposit
8.4
8.4
 5 Year SCSS
9.2
9.3
 5 Year MIS
8.4
8.4
 5 Year NSC
8.5
8.5
 10 Year NSC
8.8
8.8
 PPF
8.7
8.7
Kisan Vikas Patra
8.7
8.7
Sukanya Samriddhi Account Scheme
9.1
9.2

 The above rates will be effective from 1.4.2015.  

Thus the rates on many of the small savings scheme have undergone an upwards revision vis-à-vis 2014-15.

To view original order, please CLICK HERE.