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...................................... (Associate Member of National Federation of Postal Employees) ......................,................. ......... An organisation born with the ideals of Trade Union democracy and Unity & United struggle for the emancipation of GDS..
Cabinet approves revised cost estimate on “Setting up of India Post Payments Bank”
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the revision of project outlay for setting up of India Post Payments Bank (IPPB) from Rs.1435 crore to Rs.2255 crore as equity infusion to meet regulatory requirement. The Cabinet also granted in principle approval for future fund infusion to the tune of Rs.500 crore for meeting regulatory requirements and technological upgradation.
The objective of the project is to build the most accessible, affordable and trusted bank for the common man; spearhead the financial inclusion agenda by removing the barriers for the unbanked and reduce the opportunity cost for the under banked populace through assisted doorstep banking. The project supplement Government of India’s vision of “less cash” economy and at the same time promote both economic growth and financial inclusion.
India Post Payments Bank did a nationwide a launch by on September 1, 2018 with 650 branches/controlling offices. IPPB has enable 1.36 lakh Post Offices to provide banking services and has equipped nearly 1.89 lakh Postmen and Gramin Dak Sevaks with smartphone and biometric device to provide doorstep banking services.
Since the launch of IPPB, it has opened more than 5.25 crore accounts with 82 crore aggregate number of financial transactions with Rs.1,61,811 crore which includes 765 lakh number of AePS transactions worth Rs.21,343 crore. Out of the 5 crore accounts, 77% of accounts are opened in Rural areas, 48% are women customers with around Rs.1000 crore of deposit. Nearly 40 lakh women customers received Direct Benefit Transfer (DBT) into their accounts valued at Rs.2500 crore. More than 7.8 lakh accounts have been opened for school students.
In Aspirational Districts IPPB has opened around 95.71 lakh accounts having 602 lakh aggregate transaction worth Rs.19,487 crore. In Left Wing Extremism (LWE) districts, 67.20 lakh accounts have been opened by IPPB having 426 lakh aggregate transactions worth Rs.13,460 crore.
Total financial expenditure involved under the proposal stands at Rs.820 crore. The decision shall help India Post Payments Bank pursue its objective of furthering financial inclusion across India by leveraging the network of Department of Posts.
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(Release ID: 1820520)India Post over the recent days has been observing various URLs/Websites getting circulated in social media such as WhatsApp, Telegram, Instagram and through emails / SMS containing tiny URLs/ Short URLs, claiming to be providing Government Subsidies through certain surveys, quizzes.
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RKJ/M
(Release ID: 1819189)
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Heartfelt greetings ...
to....
Com.R.Dhanraj, Deputy General Secretary, AIPEU GDS on their retirement day (22-04-2022). He is Circle Secretary, AIPEU GDS, Tamil Nadu Circle also. He has been elected as Dy. General Secretary AIPEU GDS CHQ during April 2012 and continued till their retirement day.
Com.R.Dhanraj is a BPM, Nannilam BO, under Tuthukodi Divsion, Tamil Nadu Circle, rendered an unblemished service for 42 years as GDS.... He organized one Central Working Committee meeting of CHQ in Pudukottai (Sep-2019) also.
The services and cooperation extended to CHQ as Dy. General Secretary and Circle Secretary as well deserves all appreciation.
On behalf of AIPEU GDS CHQ wishing him a healthy, joyful and peaceful life.
AIPEU GDS CHQ conveyed .....
Congratulations & heartfelt greetings to the team of Leadership elected for AIPEU GrC CHQ in their 33rd All India Conference held from 19th to 21st April 2022 in Anandpur Sahib, Ropar, Punjab Circle....
The memoir was launched by Hon. Chief Minister of Kerala Com. Pinarayi Vijayan on 12th April 2022, presenting the first copy to Hon. Mayor of Thiruvananthapuram Corporation, Com. Arya Rajendran, in an emotional ceremony in the presence of his wife Smt. Sarjoni and other fellow comrades including Confederation State General Secretary Com. P V Rajendran, President Com. V Shrikumar, Editor of the memoir Com. Unnikrishnan Chazhiyad, Comrades P. K Muralidharan, G.R.Pramod, R.Krishnakumar, S. Asokkumar and Mohammad Mahin.
Special Launch of the book in all districts will be done in a grand manner shortly.
Supply of the book will be done soon after the Special Launch in Districts.
The Government approved a revival plan for Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) on 23.10.2019.The revival plan inter-alia includes measures to reduce the Staff cost through a Voluntary Retirement Scheme (VRS) for employees of age 50 years and above, administrative allotment of spectrum for providing 4G services with funding through budgetary allocation, monetisation of non-core and core assets to generate resources to retire debt, meet CAPEX and other requirement and debt restructuring by raising of Sovereign Guarantee Bonds.
It has also been approved to administratively allot spectrum to BSNL and MTNL for providing 5G services on the same principles as followed for 4G. BSNL and MTNL would rollout 4G and 5G services based on techno-commercial considerations.
This information was given by the Minister of State for Communications, Shri Devusinh Chauhan in a written reply to a question in Rajya Sabha today.
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RKJ/M
(Release ID: 1812276)