Friday, October 31, 2014
DoP response on the Postal JCA's Charter of Demands submitted on 28-08-2014
Postal JCA (NFPE & FNPO) submitted Memorandum with 39 charter of demands to the Dept of Posts, Hon'ble Prime Minister of India & Hon'ble Minister of Communications & IT on 28-08-2014.
The DoP sent reply to the Secretaries General of NFPE & FNPO.
CLICK HERE FOR THE COPY EXPENDITURE MANAGEMENT - ECONOMY MEASURE & RATIONALIZATION OF EXPENDITURE -- GOVT ORDERD
Important item :
2.5 Creation of
Posts
(i) There will be a ban on
creation of Plan and Non-Plan posts.
(ii) Posts that have remained
vacant for more than a year are not to be revived except under very rare and
unavoidable circumstances and after seeking clearance of Department of Expenditure.
CLICK HERE for the copy of order
Thursday, October 30, 2014
Postal JCA meeting - 11-11-2014 -- New Delhi
POSTAL JOINT COUNCIL OF ACTION
NATIONAL FEDERATION OF POSTAL EMPLOYEES
1st Floor North Avenue Post Office Building New Delhi-110001
FEDERATION OF NATIONAL POSTAL ORGANISATIONS
T-24, Atul Grove Road, New Delhi-110001
No.PF-PJCA/2014 Dated : 30th October,2014
NOTICE
It is hereby notified that the meeting of Postal JCA consisting NFPE and FNPO will be held on 11thNovember, 2014 at 2PM at NFPE Office, 1st Floor North Avenue Post Office Building, New Delhi-110 001.
All General Secretaries of NFPE, FNPO and GDS Unions are requested to attend the meeting in time.
The following will be the agenda:
AGENDA
1. Postal JCA Charter of demands – Agitational programme - Review and further course of action.
2. Dec-4th -2014- PJCA –Parliament March –Review,
3. Any other item with the permission of Chair,
(D. Theagarajan) (R.N. Parashar)
Secretary General Secretary General
FNPO NFPE
Copy to : All General Secretaries of NFPE/FNPO & GDS Unions.
//copy//
NFPE Federal Secretariat meeting -- 10-11-2014 -- New Delhi
NATIONAL FEDERATION OF POSTAL EMPLOYEES
1st Floor North Avenue Post Office Building, New Delhi-110 001
PF-o1(C)/NFPE Dated: 30th October, 2014
NOTICE
It is hereby notified that the Federal Secretariat Meeting of NFPE will be held at NFPE Office, 1st Floor North Avenue Post Office Building, New Delhi-110 001 on 10th November, 2014 at 3PM.
All General Secretaries of NFPE & NFPE Office Bearers available at HQ are requested to attend the meeting in time:
The following will be the agenda:
AGENDA
1. Postal JCA Charter of demands – Agitational programme- Review and further course of action.
2. Dec-4th -2014- PJCA –Parliament March –Review,
3. Any other item with the permission of Chair,
(R.N. Parashar)
Secretary General
Copy to: All General Secretaries of NFPE Unions and available NFPE Office Bearers at New Delhi.
//copy//
Wednesday, October 29, 2014
Ooh................!!! . What a way for Publicity & Business
1. Ask your subordinates to
maximize Publicity..
( Caution : No Expenditure to be incurred for
Publicity Materials )
2. Ask your subordinates for
periodic reports on sale.
(Caution : Do not mind about Paper and
communication cost for reports )
3. Ask your subordinates to
sell at least one today.
( Caution : See that every one sells one on
the day )
4. Ask your subordinates to
buy one today.
(Caution : ensure that every one buys on the day )
5. Ask your subordinates to
make their relatives to buy one.
( Caution : Ensure that every one have more relatives )
6. Ask your subordinates to
market thro their relatives to their neighbours .
( Caution : Ensure that the relatives live in thickly
populated areas )
7. NOW – you have
achieved the TARGET
//copy// courtesy : NFPECOIMBATORE
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.
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 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
This BULL is costlier than a Ferrari or Rolls Royce; owner turns down R 7 crore offer
Meerut: A giant
1400 kg murrah bull was crowned on Friday champion at Meerut's All India Cattle
Show selected by a 10-member jury.
Its owner Kurukshetra-based Karamvir Singh`s has nurtured his murrah-breed
bull, as his own son. The bull stretches to 14 feet in length and a
couple of notches over 5 feet 9 inches in height.
Image: The A giant 1400 Kg Murrah bull named `Yuvraj`
The bull has proven to be cash cow for him as the bull’s semen
is in great demand across north India. It generates 3.5 to 5 ml high quality
semen everyday which is used to artificially inseminating Murrah buffalos. The
dairy farmer earns Rs. 2, 10,
000 every day by selling its semen.
The Murrah breed is the world famous high yield breed traditionally belongs to Rohtak in Haryana.
Having been earned the ‘Best
Animal trophy’ at several animal shows, Karamvir does not intend to sell `Yuvraj`at
any cost. The owner claimed that he was once offered Rs. 7 crore from a farmer from Chandigarh, but he
turned it down. Karamvir spends Rs. 25,000 a day on his bull, especially on its
diet that includes 20 litres of milk a day, 5kg of apples and 15kg of very fine
quality cattle feed.
A Curtain Raiser on Postal Savings Banks Forum
The Minister for Communications & IT and Law and Justice World
Shri Ravi Shankar Prasad will inaugurate the Postal Savings Banks Forum in New
Delhi tomorrow.
This year’s forum is being organised by World Savings and Retail Banking Institute (WSBI) jointly with the National Savings Organisation (Ministry of Finance) and the Department of Posts.
This year’s forum is being organised by World Savings and Retail Banking Institute (WSBI) jointly with the National Savings Organisation (Ministry of Finance) and the Department of Posts.
The theme of this year’s Postal Savings Banks Forum will be "The rising force of postal banking in the retail banking market".
The role of postal operators in the world of retail banking is often overlooked. Post Offices worldwide hold 1.6 billion savings and deposit accounts. This is second only to commercial banks, which hold about 2.5 billion accounts. Thus, post offices are critical to the pursuit of financial inclusion, which is recognised today as a vital pre-requisite to socio-economic development.
The Universal Postal Union estimates that several hundred million people, often without an account, use the Post to make and receive basic payment transactions such as domestic and international transfers, government payments and utility payments. Postal operators, in all their activities, have always relied on a business model based on large volumes and low costs. Combined with the universal service obligation through which the State gives the mandate to the Post to serve the entire population, these specific features make the Post a worthwhile ally in the fight against financial exclusion.
Financial inclusion brought about through the postal network is called postal
financial inclusion. India has about 1.55 lakh post offices, which is more than
the combined branch strength of commercial banks (about 1 lakh). The number of
savings accounts held in post offices in India is about 31 crore, which is more
than that of any commercial bank in the country. The postal network possesses
excellent cash management abilities and is trusted for its governance
practices. Thus India seems to have the right mix of ingredients to deliver
concrete results in postal financial inclusion. Hence the WSBI Postal Savings
Bank Forum is of considerable interest to the Banking Sector in India.
PIB
The Unique Identification Authority of India (UIDAI) has issued 70 crore Aadhaar numbers as on 28th October 2014.
As on date, nine states including Andhra Pradesh, Kerala, Delhi,
Himachal Pradesh, have crossed 90 percent Aadhaar coverage, while sixteen
states have Aadhaar coverage of over 70 percent. UIDAI is also conducting
Aadhaar enrolments in the newly assigned states of Uttar Pradesh, Bihar,
Uttarakhand and Chhattisgarh, at a fast pace. These four states with a combined
population of about 34 crore, were added earlier this year to UIDAI’s mandate
by the government. Till date, Aadhaar numbers have been issued to 8.93 crore
residents in these states, which is 26% of the target population.
Over 25,000 Aadhaar enrolment kits are operational across the country, including both camp mode and Permanent Enrolment Centres, with a total output of approximately 10 lakh enrolments per day. UIDAI has already geared up its processing capabilities to achieve the targets and has the capacity to process around 15 lakh enrolment packets every day. Enrolments are expected to pick up further once the festival season is over.
In the recent months, Government of India has provided fresh impetus to the UIDAI by linking Aadhaar to various schemes and initiatives, including the Pradhan Mantri Jan Dhan Yojana (PMJDY), MGNREGA, Pensions, Scholarships, DBTL, UAN (EPFO), PDS, Passports, Attendance system in government offices etc.
Aadhaar facilitates "anytime, anywhere" online authentication of a resident through universal verification of one`s identity based on the demographic and biometric information of an individual, thereby eliminating any chances of duplication or fraud. Aadhaar not only provides universal mobility of identity to every resident, but also assists in online booking of tickets and in applying for a passport. It is also a proof of identity (PoI) and a proof of address (PoA) for opening a bank account, as it meets the `Know Your Customer` (KYC) norms of Reserve Bank of India (RBI). Under the recently launched PMJDY, Aadhaar, through its online e-KYC service, proves one’s digital identity beyond doubts and uniquely enables an individual to open a bank account instantly, in a paperless manner. Aadhaar is now the world’s largest biometric database.
For any further information, please contact:
ADG (Media), UIDAI at 011- 23466831
PIB
Text of the Speech Of the Speech of Secretary (Expenditure) Delivered at the Inauguration of Cross Regional International Conference on “Increasing Financial Outreach of the Youth Population, 2014-Postal Savings Bank Forum and 90th Anniversary of World Thrift (Savings) Day
Following is the Text of the Speech delivered by Shri
R.P. Watal, Secretary (Expenditure) here today at the Inauguration
of Cross Regional International Conference organized by Ministry of Finance and
World Savings Bank Institute from 28th to 30th October, 2014
“On this occasion of Cross Regional
International Conference, I welcome participants from various countries,
officials of World Saving Bank Institute and other officials from Government.
It is matter of pleasure that the
Cross Regional International Conference is being organized in India. As a
nation our significant population is young and youth will continue to represent
a large proportion of our citizenry in near future. Considering such
demographic profile of India, the subject matter and deliberations of the
Conference with focus on ‘Increasing the Financial outreach in youth’ will
be of significant value to us.
I note with satisfaction that the
conference is well represented by eminent experts in this field and people
having vast experience in running saving programme in their region. Your inputs
and shared experiences will provide further momentum to savings movement.
India as a society is driven by the
ethos of savings for our future generations and acquiring knowledge.
There is a verse in one of our classical and one of the oldest languages
Sanskrit;
क्षणश: कणशश्चैव विद्यामर्थं च साधयेत ।
क्षणे नष्टे कुतो विद्या, कणे नष्टे कुतो धनम ।।
क्षणे नष्टे कुतो विद्या, कणे नष्टे कुतो धनम ।।
The verse implies that knowledge and
wealth can only be acquired gradually by investing time and sustained savings,
respectively. If one does not invest time, knowledge cannot be acquired and
unless one saves, wealth cannot be built. Not surprising, it is common
place in India to set aside a sum as first charge from the income for saving
for future generations and educating them.
With such rich tradition, India has
always been a partner in the international effort to promote savings. Since
1924, when India was one of the signatory to the International Savings
Congress, we have been unsparing in our efforts to inculcate the habit of
thrift and savings have often helped us in tiding over difficult economic
situation.
While promoting savings it has to be realized that Government acts as the
custodian of the pooled savings of some very under privileged sections. It is
the responsibility of the Government to ensure that such household savings are
completely secure, earn a good return to the investor and the money is
available to the investor at the time of his or her requirements . Further this
pooled wealth is channelized for the purpose of creating durable assets in the
country.
To address these challenges, the
first regulatory framework in India dates back nearly 130 years with the
enactment of Government Savings Bank Act. In the post colonial period,
Constitution enjoined upon the State moral responsibility to bring in economic
equality and provide avenues for economic prosperity to all its citizens.
Savings is one vehicle to usher in economic prosperity.
Responding to the responsibility
placed by the constitution Government expanded the legal framework for small
savings instrument to meet the enhanced requirement. To mobilize savings
through Savings certificates, Government enacted a Savings Certificate Act in
1959 and to provide a social safety net to those working in the un- organized
sector a Public Provident Fund Act was brought in 1968.
All the instruments and schemes to
channelize small savings were made fully secure by the Government and carry the
implicit guarantee of the Government. These instruments provide easy access and
have features to provide liquidity to the saver. There are significant tax
incentives extended by the Government to those making investments.
Contribution of domestic savings in
National Development has been remarkable. India is ‘one’ among the counties
having a high rate of domestic saving, which is at present to the tune of 30%
of its GDP. The domestic financial savings rate which had declined during last
few years has again shown recovery and with propagation of the programmes to
encourage people to save more, we expected to attain a higher savings rate. The
Government as a policy is committed to revitalize and strengthen the network
which promoted savings among the masses.
India has taken various measures to
encourage savings in the recent past. “Jan Dhan Yojana” of financially
including those who are left unbanked is a major step in this direction.
Further, Government has significantly expanded the bouquet of small savings
scheme. A special scheme for the Girl Child will be shortly announced by the
Government to address the gender imbalance. Similarly, a scheme with insurance
cover to the under privileged is being worked out. Similarly schemes are being
reintroduced and expanded to increase the flow of savings towards productive
purposes. Recently, we have increased the tax incentive on investment made from
small savings by 50%.
Children and young people are the
future economic actors whose financial decisions, as prospective family heads,
employees and community contributors, will impact, ultimately, on the stability
of world economies. They need to be prepared to take on this role and
responsibility. In order to be effective they need to start dealing with
financial matters as early and young as possible. This needs support from both
their family and their schools. Thus it is up to all of us to enable the
systematic and structural platforms for extending opportunities to the young
people. It also involves the creation of social and cultural environment and
legal and regulatory framework to facilitate the financial engagement of
children and youth.
India has one of the highest ratios
of young people who are below the age group of 35 years. It is expected that
nearly 2/3rd our population will ne young in coming decades.
Similar situation is faced by other developing nations as well. This is
the greatest strength of the India economy of today. The relationship between
youth and formal financial service providers needs strengthening. This can be
done by traditional means as well as with the use of technological means at
various levels since today’s youth is more familiar with technology. The same
can attract them towards the financial products. I am sure, this WSBI Cross Regional
Conference will address the issues of meeting this challenge and working out
strategy to motivate the young to open and use their accounts.
India is committed to revitalize the
small savings for the benefit of small savers and sustaining economic development.
The cooperation between Government agencies like National Saving Institute,
Department of Posts and Banks with the International organizations like
World savings Banks Institution, is a welcome step in this direction and
I expect that this Conference will be helpful in formulation of new strategies
based on the experiences of the esteemed delegates who have come all the way to
India and in turn, they will also get enriched by the experiences of India in
mobilization of resources and promotion of savings.
Financial inclusion is one of the
most potent weapons to fight against poverty. I would thus like to emphasize
that such cooperation should not end with this conference but must continue so
that strategies for financially including those who are not a part of process
are constantly built and recalibrated . Further, the massive challenge of
financial engaging the youth is adequately met. With these words, I wish the
conference all the success.”
PIB