Scroll Text

......... AIPEU GDS (NFPE)IS DECIDED TO CONDUCT ALL ITS STRUGGLE PROGRAMMES UNDER THE BANNER OF POSTAL JCA .......... NFPE & AIPEU GDS (NFPE)SUBMITTED MEMORANDUM TO 7TH CPC ON 23-07-2014........ COPY CAN BE DOWNLOADED FROM THE PAGE OF 02-08-2014 OF THIS BLOG..........

scroll text 2

......... NFPE & GDS (NFPE) filed a case in Supreme Court praying : Implementation of 1977 judgement and declare GDS are civil servants & scrap the GDS (Conduct & Engagement) Rules 2011 as they are invalid and unconstitutional .... Supreme Court directed the case to Delhi High Court .. first hearing was on 13-01-2014 and pleased to serve notice to Govt. & Department .... next hearing on 07-05-2014 ......Dept. given 6 weeks time & next hearing on 19-09-2014 ... Govt. filed counter affidavit .... next hearing on 08-02-2015...

Wednesday, October 29, 2014

............


Task Force on India Post to submit report by year-end : Government

29 Oct 2014
New Delhi: The Task Force set up by Prime Minister Narendra Modi to leverage post office's network in the country in a bid to enhance the role of India Posts in the financial inclusion, among others, will submit its report by the end of this year, a top government official said on Wednesday.

The 'Task Force on leveraging the Post Office network' includes the Department of Posts Secretary Kavery Banerjee, Telecom Secretary Rakesh Garg, Department of Electronics and IT Secretary RS Sharma, Rural Development Secretary L C Goyal and former SEBI Chairman G N Bajpai.

Former Cabinet Secretary TSR Subramanian is the Chairman of the Task Force.

"The Task Force is working on the mandate provided to it by the government and it will submit its report by the end of the year," Banerjee told reporters on the sidelines of 2014 WSBI Postal Savings Banks Forum here.

The Terms of Reference (TOR) for the Task Force include providing an efficient postal network and points of presence (particularly in rural areas and small towns) both the government and private sector for delivering various citizen centric services, schemes, etc.

This is to further the role of Post Office in the financial inclusion, including Insurance products, to make Post Office financially viable among other objectives.

Earlier, inaugurating the annual event, Communications and IT Minister Ravi Shankar Prasad said postal banks is an "exciting" idea and Prime Minister has set up a task force to study the ways in which post office can be transformed into engines of financial inclusion.


"Post offices in India, through their network of 1.55 lakh branches, can play a big role in not only expanding the ambit of eCommerce, but can also play an important role in financial inclusion," he added.

Banerjee said that today about 63 per cent of the revenues of India Post comes from savings, insurance and remittance services, and the remaining from mail and allied services.

Besides, the number of savings accounts held in post offices in India is over 31 crore, which is more than that of any commercial bank in the country, she added.

The theme of this year's Postal Savings Banks Forum is the rising force of postal banking in retail banking market.

The meeting of the Forum, that is taking place in the national capital, will discuss the role played by various postal departments in their respective countries in retail banking.

This annual meeting brings postal financial institutions from Africa, Asia and Europe together to share experiences towards becoming efficient retail banks.

WSBI Deputy Director and Head of Institutional Relations Fiona Joyce said: "One of the high points on agenda at this forum is on how can post office help in increasing financial inclusion."

Post offices worldwide hold 1.6 billion savings and deposit accounts that is second only to commercial banks, which hold about 2.5 billion accounts, she added.
India News Desk //copy//

DISCIPLINARY PROCEEDINGS AGAINST THE OFFICIAL / OFFICERS --

Avoid delay in finalizing the  cases due to procedural lapses :

..............


The Rising Force of Postal Banking in the Retail Banking Market

"The rising force of postal banking in the retail banking market". 
The Minister for Communications & IT and Law and Justice Shri Ravi Shankar Prasad has said that a group constituted by the Prime Minister consisting of the Secretary of the Postal department is looking into making of a financial institution for Postal savings. He was inaugurating the Postal Savings Banks Forum being organised by World Savings and Retail Banking Institute (WSBI), the National Savings Organisation of the Finance Ministry and the Department of Posts in New Delhi today.

 He said the present government wants to promote financial inclusion and the Jhan Dhan Yojana is a big effort in this direction. Another programme of the government of ‘Digital India’, which is steered by his ministry, also aims at digital inclusion and digital empowerment of rural poor. 
Shri Prasad informed delegates from various countries that Post Office Savings Bank is one of the oldest and largest savings institution in the country and it also has the largest outreach in rural India, and more so, in backward and remote areas. The minister expressed happiness that the major asset of the postal institution, that is its connectivity on the ground is sought to be used for promoting e commerce in the country.
Secretary, Department of Posts Srimati Kavary Banerjee, in her key note address informed that the Department’s network of thousand post offices significantly out-numbers the combined number of branches of all commercial banks taken together.

 The post office savings schemes hold a total of 312 million accounts, which is more than the number of accounts held by any commercial bank. More importantly, the social sector disbursements done through the post offices have succeeded in bringing a total of about 80 million previously unbanked individuals into the fold of formal financial institutions in the last five years. All these have led to a change in the perception about the Post Office among the public as also within the organization.

 Consequently India Post is now perceived as a potential key facilitator of financial inclusion in the country, having a role in promoting the country’s socio-economic development, she added.
The theme of this year’s Postal Savings Banks Forum will be "The rising force of postal banking in the retail banking market". 
PIB

Tuesday, October 28, 2014

Government to launch revamped Kisan Vikas Patra soon: Finance Ministry

New Delhi: The government will soon launch the revamped Kisan Vikas Patra (KVP) besides some new saving instrument programmes for the girl child as well for the physically challenged person, a senior Finance Ministry official said on Tuesday.

"We are going to launch the revamped Kisan Vikas Patra (KVP) soon again in the form of saving instrument," Rajat Bhargava, Joint Secretary (Budget) in the ministry finance said at an event here.
    
"Similarly, the government of India is also going to launch some new saving instrument programmes for girl child as well as for the physically challenged person who has not been covered so far (under the programme)," Bhargava added.
     
Finance Minister Arun Jaitley, in the Budget speech, had said he will re-introduce the KVP, which was a very popular instrument among small savers.
    
"I plan to reintroduce the instrument to encourage people, who may have banked and unbanked savings to invest in this instrument," Jaitley had said.
    
The KVP was discontinued by the UPA government in 2011 following the Shyamala Gopinath Committee report. It had suggested that KVPs may be discontinued as they are prone to misuse.
     
KVP was a popular saving scheme that doubled the money invested in eight years and seven months. The government sold these saving bonds through Post Offices in the country.
    
The new government has identified financial inclusion and access to formal financial channels as a priority area and the reintroduction of KVP is seen as furthering this objective.


Business News Desk

Office Memorandum on Regularization of Casual Labour with Temporary Status - Proposals from Ministries & Departments


//copy//