Friday, June 28, 2013

Next time you go to the Post Office, it may well turn out to be a bank : Dept of Post has moved a Cabinet note with the govt providing Rs 500 cr as seed capital to India Post, the minimum requirement

Dear Comrades,

A long-pending dream of India Post to have banking operations is now taking a final shape. The Department of Post has moved a Cabinet note with the government providing Rs 500 crore as seed capital to India Post for this purpose. This is the minimum paid up capital required under the final norms for banking licenses put up by the Reserve Bank of India.
 
Financial help from the government is needed since India Post ran a deficit of Rs 5,805.9 crore in 2011-12, though 8.5% lower than Rs 7,899.3 crore in the previous year.
 
India Post plans to start banking operations in 50 branches, a key official said. 

The official said all the initial work on applying for a banking license to RBI has been completed and the only task left now is to formally submit its application. 

The deadline for submitting applications is July one and in between only two working days are left. 

"Our officer is in Mumbai and we will file the application before the deadline," the official said.

When asked that it would be too costly an affair to convert a post office into a bank, the official explained that both post office work of India Post and banking operations will simultaneously exist.

She said India Post can always squeeze a little space in its existing post offices. "We can give the bank a completely different branding and so the bank and post office can coexist ," she said.

"That little space for bank branches will be built from the scratch. But, the existing infrastructure across 1,50,000 post offices will be leveraged. We are naturally the most fit candidate to open a bank as no one can match the department's reach," the official said.

She said India Post has around 1,50,000 post offices, while all the other bank branches combined would come to around 50,000 only. 

"So, other aspirants have a reason to worry, but we qualify RBI's eligibility criteria in all respects," the official said. 
When other private banks can have a lean and mean approach in terms of bank branches and can still be successful, so can India Post, the official asserted. 

But, the idea is to not to open branches across all the 1,50,000 post offices, but have a selective play. "If we cover the entire network, it will be too extensive, therefore we will open in places where there are not other banks etc. And our post man could act as a banking correspondent enabled with micro-ATMs," she said.

To become a bank, India post will have to restructure its shareholding. There is a stipulation in the RBI's norms that promoter companies of entities wishing to set up banks should be 51% held by the public. At present, India post is 100% government of India holding.

India Post has long nursed an ambition to start a bank, called Post Bank of India. 

Earlier, the finance ministry is understood to have opposed India Post’s plan as the postal service doesn’t have the expertise needed in relevant areas, such as handling credit.

The Department of Post has a few savings instruments like post office savings scheme, besides acting as a distributor for mutual fund companies. It also has a life insurance scheme— Postal Life Insurance.

India Post's plans will also help the UPA’s ambitious Direct Benefits Transfer (DBT) Scheme as the programme falters because of poor last mile connectivity of banks.

The official said the banking correspondent model as enshrined in DBT will be performed by postman. He will get an additional commission of 0.07% over and above his regular salary for every new deposit.  The official said that moves are also afoot to link all post office branches with core banking solutions (CBS), which would further enable them to function as a full-fledged bank.
 
http://www.business-standard.com

Circle Secretary writes about Non-sanction of pending TA & Medical bills in the divisions under Berhampur Region inspite of orders from RO

Dear Comrades,



NFPE
ALL INDIA POSTAL EMPLOYEES UNION, GROUP-C
ODISHA CIRCLE, BHUBANESWAR-751001

K.C.Patnaik                             Ramesh Ch. Mishra
President        Circle Secretary & Vice President CHQ
E-mail- p3orissa@rediffmail.com.

Letter No. UN/AIPEU, Gr-C/Odisha/05-2013 Dated- 27-06-2013.

To,
Sri S.P.Rajalingam, IPoS.
Post Master General,
Berhampur Region,
Berhampur-760001.

Sub- Non-sanction of pending TA & Medical bills in the divisions under Berhampur Region inspite of orders from RO-reg.

Respected Sir,

This circle union wants to draw the kind attention to the reply given in the minutes of Bi-monthly meeting held on 09-04-2013 against the item no 02-04/2012 (old items) that “action will be taken to clear the pending TA/Medical bills of concerned divisions within May-2013”. After release of the minutes to all concerns and after issuance of specific orders in this connection to the divisional heads with a reminder also, not a single pending TA/Medical bill in the divisions has yet been sanctioned and thus causes a concern.

During the course of discussion, it was made clear by our Hon’ble PMG that the pending bills would be sanctioned without availability of funds. But, the divisional heads are not sanctioning the bills on the plea of scarcity of funds, even after receipt of crystal clear orders from RO. It has been further intimated that the medical bills which have been approved by RO are lying pending in the divisions without making payment to the officials.

On the circumstances, it is requested to kindly bestow kind attention to the particular issue and to kindly intervene for disposal of pending TA/Medical bills in the divisions at the earliest time possible for fulfilling the assurances given to the union.

SOLICITING KIND RESPONSE.
WITH REGARDS.
Yours faithfully
(R.C.Mishra)
Circle Secretary

Copy to- All circle office bearers & divisional secretaries of AIPEU, Gr-C of Berhampur Region for information & necessary action.

Circle Secretary

Grant of family pension and gratuity to the eligible member of the family of an employee/pensioner/family pensioner reported missing.

Dear Comrades,

To view Department of Pension & Pensioners' Welfare OM F.No.1/17/2011-P&PW (E) dated 25th June, 2013 please Click Here.

Grant of Ex-gratia to those pre-1986 Contributory Provident Fund (CPF)employees who retired otherwise than on superannuation after 20 years of service.

Dear Comrades,

To view Department of Pension & Pensioners' Welfare OM No. 41/26/2010- P&PW(E) dated 26th June, 2013 please Click Here.

Holding DPC for promotion to the post of Postal Services Group B for vacancy year 2013-14.

Dear Comrades,

Directorate has called for the records/documents vide No. 9-33/2013-SPG dated 24/6/2013 in respect of following Officials from Odisha Circle to be sent through one Officer from the Circle personally to be submitted at Directorate on 16th July, 2013 for holding DPC for promotion to the post of Postal Services Group B for vacancy year 2013-14.

Sl No
Sl. No. in Dte Letter
Name
S/Sh.
Designation
1
14
Banambar Sethi(SC)
IP(PG), Koraput Division
2
35
Suresh Kumar  Mishra
Designate ASP(OD), Koraput Division
3
52
Sitanath Dash
ASP(OD), Cuttack North Division
4
64
B K Patra
ASP(OD), Bhubaneswar Division
5
67
P K Nanda
ASPI/c, Cuttack (East) Sub-Division
6
105
Bhagabat Sethy(SC)
DPM, Bhubaneswar GPO
7
153
Simanchal Kar
Offg. SPOs, Mayurbhanj Division
8
293
Krupasindhu Panda
Offg. Supdt., PSD, BBSR
9
307
Banamali Patra(SC)
Offg. Supdt., CSD, BBSR
10
327
Lingaraj Pradhan
AS(HQ), Sundargarh Division
11
331
H S Mahapatra
Offg. SRM, BG Dn, Berhampur
12
335
S K Mohapatra
Approved Gr-B
13
375
Dillip Kumar Samal
Offg. AD(FS), CO, Bhubaneswar
14
381
P C Mohapatra
Offg. AD(BD), CO, Bhubaneswar
15
389
K C Chinara
Offg. SPOs, Bhadrak
16
391
Maheswar Sethi(SC)
Offg. AD(Bldg), CO, Bhubaneswar
17
393
Girish Ch Sahoo
Offg. AD(Est), CO, Bhubaneswar
18
394
Susen Peda
ASP(OD), RMS N Division, Cuttack
19
395
Biswanath Purohit
ASP(HQ), RMS K Divn, Jharsuguda
20
416
Mukund Behera(SC)
ASP(OD), Sundargarh
21
449
Isidore Ekka(ST)
ASP I/c, Rourkela(East) Sub-Division
22
475
Madhu Mirdha(ST)
ASP(HQ), Balagir Division
23
477
Dhiren Das(SC)
ASPI/c, Bhadrak Central Sub Division

Dept. of Posts applies for banking licence

Dear Comrades,

NEW DELHI, June 28, 2013
 
The Department of Posts, on Thursday, submitted an application before the Reserve Bank of India (RBI) for a licence to offer full-fledged banking services.
“We have approached the RBI today [Thursday], and hopefully having met all the conditions of RBI, an in-principle approval might be given. If it is given, I think, it will be a revolutionary step because it will bring banking, subject to Cabinet approval, to the doorstep of the ordinary man in this country,” Telecom and IT Minister Kapil Sibal told PTI.
The RBI is in the process of granting fresh banking licences and has set July 1 as the deadline for applying.
The Department of Posts has plans to start 50 bank branches in the first year and scale it to a total of 150 branched in five years.

The Department of Posts has started inter-ministerial consultations for seeking Cabinet approval on around Rs.1,900 crore fund requirement to start Post Banks. The total amount includes Rs.500 crore paid-up capital required under new banking licence guidelines. — PTI
 

POSTAL ACCOUNTS CADRE RESTRUCTURING PROPOSAL ACCEPTED BY POSTAL BOARD

Dear Comrades,

NEWS FROM AIPAEA

WITH THE CONSTANT PERSUASION AND FOLLOW UP BY AIPAEA AND UNSTINTING SUPPORT FROM NFPE, FINALLY THE SECRETARY, DEPARTMENT OF POSTS HAS APPROVED THE CADRE RESTRUCTURING RECOMMENDATIONS RELATING TO POSTAL ACCOUNTS. THE FILE IS BEING PROCESSED TO SEND IT TO THE NODAL MINISTRY, DOP&T FOR FURTHER NECESSARY ACTION. 
AIPAEA CONVEY ITS THANKS TO THE SECRETARY POSTS, JS&FA, DDG (PAF) AND OTHER OFFICERS IN THE DIRECTORATE.
THIS RESTRUCTURING WILL BENEFIT THE SORTERS AND LDCs OF PAOS AS THEY WILL GET THE GRADE PAY OF Rs. 2400/- AND CHANGE IN THE DESIGNATION AS ' ACCOUNTS ASSISTANT'. (SUBJECT TO APPROVAL OF GOVERNMENT)
THE RESTRUCTURING OF JA, SA AND AAO IS UNDER PERSUASION AT THE LEVEL OF AUDIT AND ACCOUNTS JAC.
AIPAEA IS AWARE OF THE FACT THAT WE HAVE TO GO MILES TO TURN THIS PROPOSAL INTO REALITY. AIPAEA IS CONFIDENT OF ACHIEVING THIS WITH THE HELP OF NFPE AND CONFEDERATION. 
THANKS TO THE NFPE LEADERSHIP.
AIPAEA ZINDABAD !                                                                                NFPE ZINDABAD !!

Selection for the post of Trainers in WTCs of Odisha Circle

Dear Comrades,



Wednesday, June 26, 2013

Postal dept to launch quicker parcel service from July 19

Dear Comrades,

The department of post is set to launch a revamped parcel service, with quick delivery period, better packaging and security features from July 19.
The new product would be launched in 20 cities across India, including Lucknow and Agra in the Uttar Pradesh circle. “With a centralised delivery system in place, the parcel service would cut down parcel deliveries by at least two days,” postal headquarters UP circle director Vivek Kumar Daksh said. He added that a new mechanised parcel and logistic hub-processing centre was also under consideration for improving services. 

In Lucknow, the new parcel services would be made available at prominent post offices, including General Post office (GPO), Chowk, New Hydrabad, Gomti Nagar, Nirala Nagar, Mahanagar, Aliganj, Indira Nagar, SGPGI, IIM, LDA colony, Aminabad, Alambagh and Rajajipuram. The facility would be available for both retail and bulk customers in ordinary and express forms.

Senior officials at the postal department said the new system, which was an India Post initiative, would scrap at least two processes involved in the route of booking to delivery, that would help cut down on the delivery time. As of now, after the booking at the post offices, the parcel is sent to the Railway Mail Service (RMS) office of the source station, where it is processed and directed to the RMS of the destination station. Thereafter it is sent to the concerned post office and dispatched for delivery.

Officials explained that as in the new system, the processing time at the RMS centres could be saved it would save at least two days in case of distant parcel deliveries.

http://www.hindustantimes.com/

PLI BROCHURE

Dear Comrades,





Addendum to SB order No.09/2013 (Introduction of "Basic Savings Account" under Savings Account Rule 1981)

Dear Comrades,

Addendum to SB order No.09/2013 (Introduction of "Basic Savings Account" under Savings Account Rule 1981): Ministry of Finance (DEA) Gazette Notification No.323E dated 20.05.2013.

To view please Click Here.

Cash conveyance allowance payable to GDS BPMs – examination of the matter by the Directorate

Dear Comrades,

DEPARTMENT OF POSTS, INDIA
OFFICE OF THE PRINCIPAL CHIEF POSTMASTER GENERAL
ODISHA CIRCLE, BHUBANESWAR – 751001.

No.EST/1-123/2013                    Dated at Bhubaneswar the, 26.06.2013
To
1-2     The PMsG Berhampur / Sambalpur Region.
3-20   All SSPOs/SPOs in Odisha Circle.
Sub:-  Cash conveyance allowance payable to GDS BPMs – examination of the matter by the Directorate  - regarding.
This is to inform that as per orders issued by the Directorate vide their letter No.14-03/2012-PAP  dated 18.06.2013 the matter regarding revision of cash conveyance allowance payable to the GDS BPMs on account of remittance of cash to their Accounts Offices  is under examination at the Directorate level for which the following information is required urgently.
“Average number of trips presently being made by GDS BPMs for conveyance of cash to the Accounts Office and financial implications involved based on such number of trips made”
         Hence, it is requested to kindly furnish the above required information in respect of your Division by e-Mail latest by 1st July 2013 positively for onward submission to the Directorate.
(G.C. Sahoo)
Asst. Director (Estt./Plg)
O/o the Pr. Chief Postmaster General,
Odisha Circle, Bhubaneswar – 751001.

POSTAL SERVICE CAN SOLVE AN ARRAY OF WORLD'S PROBLEMS

Dear Comrades,

POSTAL SERVICE CAN SOLVE AN ARRAY OF WORLD'S PROBLEMS 

Relieving arrangement for representatives of AIPEU & AIPEDEU Union to attend the Monthly Union Meeting

Dear Comrades, 
Government of India, Department of Posts
Office of the Senior Superintendent of Post Offices
Koraput Division, Jeypore (K) 764001
To
            The Postmaster Jeypore (K) HO/Koraput HO
            The Inspector of Posts, Malkangiri/Jeypore (K)/Umerkote
            The Sub Postmaster, Umerkote SO

No:      B2/AIPEU-4              dated at Jeypore (K) the 24.06.2013

Sub:    Relieving arrangement for representatives of AIPEU & AIPEDEU Union  to attend the Monthly Union Meeting.

The following members of AIPEU “Group C”, “Postman & MTS” and AIPEDEU Unions are hereby permitted to attend the Monthly Union Meeting in the chamber of the SSPOs, Koraput Division, Jeypore (K) as per the below schedule. The officials may be relieved as per the arrangements noted against each below.  

Sl
Name of the Official and Designation
Date and Time
Relieving Arrangement
1
P.C.Maharana, PA, Jeypore HO
28.06.2013
10.30 hrs
Office Arrangement
2
A.Uma Maheswar, SPM, Koraput Road SO
Postmaster, Jeypore (K) HO will please depute one suitable PA for timely relief of Sri Maheswar
3
Mangal Hembram, PA, Koraput HO
Office Arrangement
4
Nilambar Naik, Head Postman, Jeypore (K) HO
Office Arrangement
5
Balaji Padhi, Postman, Boipariguda SO
IP, Malkangiri will please ensure timely relief of Sri Padhi.
6
J.Bisoyi, Postman, Umerkote SO
Office Arrangement
7
R.P.Sahu, GDSBPM, Pujariput BO, i.a.w Borigumma SO
28.06.2013
14.30 hrs
The GDS may be relieved by providing a suitable substitute in usual terms and conditions of GDS service.
8
Debraj Dash, GDSBPM(I/C), Dhodra BO, i.a.w Umerkote SO
-do-
9
Prasad Panigrahi, GDSBPM(I/C), Digapur BO, i.a.w Jayanagar SO
-do-



(Sanatan Modi)
                                                                                    Sr. Supdt of Post Offices
                                                                        Koraput Division, Jeypore (K) 764001
Copy to:
W/E     1.         The SPM, Koraput Road SO/Boipariguda SO/Borigumma SO/Jayanagar   SO
Regd    2          The BPM concerned.
Regd    4 .        The Officials Concerned.
Regd    5.         J/H2/H1/B1/BGT Branch, O/o the SSPOs, Jeypore (K)-764001.


                                                                                                Sr. Supdt of Post Offices
                                                                        Koraput Division, Jeypore (K) 764001

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