Saturday, 26 October 2013

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) SUPPORTS INDIA POST BANK


New Delhi: Apex industry body ASSOCHAM has come out in support of the proposed setting up of India Post as a rural banking structure to push financial inclusion in the country’s hinterland, claiming several benefits to the economy in this move, including raising domestic savings and investment levels.

 

Terming this bank proposal as a potential “game changer as a conduit not only for financial inclusion but to induce socio-economic change”, The Associated Chambers of Commerce and Industry of India (ASSOCHAM) listed several benefits like low cost of operation and “as one great opportunity to achieve higher growth rates of household and domestic savings and investment.”

 

ASSOCHAM has submitted a detailed study on the proposed India Post Bank making several suggestions for its effective functioning in a shift to core banking operations from merely handling savings accounts. It underlined India Post’s claim that its savings schemes already handling over Rs 6,05,697 crores annually with over 28 crore accounts in its various savings schemes.

 

Among the suggestions of ASSOCHAM was linking of MGNREG and other government payments in rural areas through this India Post Bank, handling the five million SHG units, linkages with the proposed Women’s Bank with at least one woman employee in each post office bank branch, use of PSU banks’ training facilities and bringing India Post bank under one or the other PSU bank for operational oversight in each zone.

 

Pointing out that rapid urbanization and internal migrations have raised annual remittances from urban to rural areas to a record Rs 70,000 crores and the rural jobs scheme MGNREG is pushing Rs 40,000 crores into villages every year, ASSOCHAM said the India Post with its 1,39,086 rural post offices , one for every cluster of five villages, and 2,63,467 Gramin Dak Sevaks is best suited to tap into this flow and raise domestic savings. “This is a huge resource at hand and touches almost every part of the country’s interior” the chamber said.

 

It also noted other areas of rapid rise in rural incomes like higher minimum support prices for various commodities both food grains and commercial crops and National Livelihood Mission in rural areas. Business and industry were now focusing on the emerging rural market as a new opportunity, the chamber said quoting its own previous studies on rural markets and other recent studies. Some five million new general stores have come up employing over 8 million people in rural areas in the last five years according to its study.

 

“Even just Rs 100 per household saved every month could bring over Rs 12,000 crores from the 45 per cent of unbanked households in rural areas” ASSOCHAM asserted listing what the postal structure could achieve if properly utilized.

 

India Post was already handling a number of financial schemes in villages like National Small Savings, Recurring Deposits, Public Provident Fund, Postal Insurance, etc. In recent years as many as 4 crores of MGNREG accounts were also handled through post offices for payment of wages, forming over 40 per cent of the MGNREG funds for job entitlement scheme. The chamber underlined the fact that in the financial aspect of India Post it was handling a currently outstanding balance of Rs 6 trillion (lakh crores), an enormous potential for savings and investment at the grass root level.

 

ASSOCHAM study also noted the changes occurring in India Post with rapid adoption of information technology, commercial operations in acting as sales agent for many items making it already“technology enabled, self-reliant market leader” through its IT project 2012. The chamber said this change has enabled it to venture into rural banking beyond merely acting as a conduit for remittances from urban to rural areas (and also vice versa) and running savings accounts.

 

The proposed India Post Bank should enter into core banking operations. ASSOCHAM suggested the new structure for it be linked to a public sector bank for a limited period to gain training and oversight on core banking operations through the existing and additional employees. ASSOCHAM suggested linkage with the proposed Women’s Bank with rural postal bank offices employing at least one woman in each post office bank branch. The chamber also said that low cost of operations that held the key to success in handling rural banking especially among the bottom of the pyramid people was a major advantage for the India Post in its new avtar as a bank.

 

ASSOCHAM has also suggested linking the Self-Help Groups also to the proposed India Post Bank for disbursal of loans to promote small and micro businesses.

 

The Central Government at present had to provide budgetary support of Rs 6,000 crores annually to India Post to support its operations. The chamber was hopeful that with the proposed extension into rural banking operations, India Post would no longer require such support and Government could save this annual outgo besides creating an infrastructure to draw domestic savings from the rural areas where a major transformation was already underway.

 

ASSOCHAM also released a companion study on “Rural Employment” that revealed a significant shift in employment in villages away from agriculture into new jobs especially in construction sector, growth of several thousand “census towns” that provide new focus for industrial and business activities serving and drawing from villages around and relentless rise in rural wages especially backed by MGNREG jobs scheme and investments in roads, houses and healthcare under the Bharat Nirman programme.

 

Source : http://www.orissadiary.com

Thursday, 24 October 2013

Service Book - Simplification of procedure for verification of service — adherence to the revised format

18019/7/2013-Estt. (L) 
Government of India 
Ministry of Personnel, PG and Pensions 
(Department of Personnel & training) 
Old JNU Campus, New Delhi 
Dated the 23 October, 2013. 
OFFICE MEMORANDUM 
Subject: Simplification of procedure for verification of service — adherence to the revised format - regarding. 


The undersigned is directed to invite attention to the provisions of the Supplementary Rules which relate to maintaining records of service of a Government employee. The provisions of SR- 199 and 202 require that "Every step in a Government servant's official life must be recorded in his Service Book and each entry must be attested by the Head of his Office...." (SR199) and that "It shall be the duty of every Head of Office to initiate action to show the Service Books to the Government servants under his administrative control every year.....The Government servants shall inter alia ensure......            that their services have been duly verified and certified as such...." (SR 202).
  
2. Further, the provisions of Rule 32 of the CCS (Pension) Rules, 1972 provide for issuing a communication in Form-24 on completion of 18 years of service regarding verification and determination of qualifying service. The Rule 59 thereof relates to the preparatory work to be done by the Head of Office for sanctioning pensionary benefits to the retiring employee. Attention is also invited to this Department's OM No. 17011/1199-Estt.(L) dated 11-03-2008, whereby the revised format of the Service Book was circulated for being adopted. The said revised format also includes Part V whereunder the record of verification of service is to be maintained. 

3. It has since been brought to the notice of this Department that the aforesaid provisions of the Supplementary Rules as also the provisions of the CCS(Pension) Rules, 1972 as referred to above are not being followed. Consequently, the gaps in service verification, get detected at a very late stage when the concerned Government servant is due to retire on attaining the age of superannuation. 

4. In view of this and with the objective of eliminating delays in processing of cases of retiring Government Servants, the aforementioned rules and the instructions of this Department are reiterated and it is stated that it may be ensured that the following are strictly adhered to: 

(i) The record of verification of service may henceforth be maintained only in Part V of the revised format of the Service Book as per the new format prescribed by this Department's aforesaid OM of 11-03-2008 

(ii) The exercise for ensuring completion of the entries of service verification in the Part V of the new format, in respect of employees who are retiring within five years, may be undertaken immediately, by the concerned administrative authorities and concluded within a defined time frame, as may be worked out by such authority. 

(iii) Any gap in the verification of service may be intimated to the employee concerned, and simultaneously appropriate action for ensuring verification of missing spells may be taken by the Head of Office. 

(iv) The concerned Government servant may also be informed of deficiencies and gaps as regards missing entries relating to verification of service and the period thereof. 

           
5.         The Department of Pension and Pensioners' Welfare have also suggested that the administrative authorities, to preclude and to cut down on delays in payment of retiral benefits to Government servants retiring of superannuation, may consider adoption of the following mechanisms and processes, in consultation with their PAOs: 

(i) Annual service verification statements may be considered to be issued along with pay slip for the month of April every year. 

(ii) At the time of transfer from one Ministry/ Department/Office to another, any gap in the service record including for prior periods under the administrative control of the Ministry/Department/Office will be indicated in the Last Pay Certificate. 

(iii) Creation & Maintenance of Service Records in e-format available in e-Office under e-governance.

6.         All Ministries/ Departments are accordingly requested to issue suitable instructions to all Heads of Offices/Pay & Accounts Offices for strict compliance of the above instructions so as to preclude any delays in disbursement of retiral benefits of Government servants. It may be reiterated and again stressed that the action as indicated in para 4 of this OM may be taken immediately by prioritizing the up-dation of service verification details in respect of such Government servants who are due to retire on attaining the age of superannuation in the next five (5) years, by working out a time bound schedule. In the second phase, the verification of service of all remaining employees in the prescribed format may be completed. 

sd/-
(Mukul Ratra) 
Director 

Sunday, 20 October 2013

JCA Meeting on 19.10.2013 and decissions

NFPE & FNPO DECIDED TO GO ON NATIONWIDE INDEFINITE STRIKE IF THE DEMAND FOR INCLUSION OF GRAMIN DAK SEVAKS UNDER THE PURVIEW OF 7THCENTRAL PAY COMMISSION IS NOT ACCEPTED BY THE GOVERNMENT. THE MAIN DEMANDS OF THE STRIKE WILL BE
(1) Inclusion of Gramin Dak Sevaks under the purview of 7th CPC
(2) Regularisation of Casual, Part-time, Contingent Employees and Revision of their wages with effect from 01.01.2006 (as per 6thCPC wage revision) & Grant of DA
(3) Merger of 50% DA with pay for all employees including GDS
The above decision was taken in the Central JCA Meeting held on 19.10.2013 at New Delhi under the Chairmanship of Shri. T. N. Rahate, President, FNPO.
(M. Krishnan)                                                      (D. Theagarajan)
Secretary General                                               Secretary General
NFPE                                                                    FNPO

Friday, 11 October 2013

Alert on PHYAN CYCLONE

Divisional secretaries of Srikakulam, Vizayanagaram and Visakhapatnam divisions Please be alert about PHYAN CYCLONE. The Hon'ble CPMG had issued orders for facilitating the Rehabilitation  center at effected areas. PMG visakhapatnam personnellay monitoring the situation. Supdt. of PO's concerned will provide TRANSPORT, FOOD and ACCOMMODATION for the officials who are effected with the Cyclone. 

Wednesday, 9 October 2013

Promotions and allotments in the cadre of LSG

Circle Office, Hyderabad, vide memo no ST/6-1(P)/NB LSG/2013/II dated 08.10.2013, has approved the allotment  of the following Postal Assistants as mentioned against their names on promotion to the cadre of Norm Based LSG (Postal) in the pay band of Rs.5200-20200 with grade pay of Rs.2800/- with immediate effect and until further orders,against the vacancies due to declinations/ retirements etc:

.No.

Name of the official

Comm

Region / Division in which working

Allotted to Region / Division in HCR

1

Ch. Narasimha Swamy



Vijayawada Region

Vijayawada Region

2

K. S. B. Ramacharylu



Vijayawada Region

Vijayawada Region

3

N Sarada Devi



Vijayawada Region

Vijayawada Region

4

Digamber Ra0



Hyderabad Region

Hyderabad Region

5

Md. Maqbool



Hyderabad Region

Hyderabad Region

6

G. Keshava Rao



Hyderabad Region

Hyderabad Region

7

C Suvarnalatha



Hyderabad South East Dn

Hyderabad South East Dn

8

M. Umapathi



Hyderabad Region

Hyderabad Region

9

K. Laxmanachary



Hyderabad Region

Hyderabad Region

10

B. Laxmaiah



Hyderabad Region

Hyderabad Region

11

C. Rama Krishna



Hyderabad Region

Hyderabad Region

12

Y. Appaji



Visakhapatnam Region

Visakhapatnam Region

13

Md  Iqbal Hussain



Kurnool Region

Kurnool Region

14

R Sambasiva Rao



Vijayawada Region

Vijayawada Region

15

D. Rajeshwar



Hyderabad City Dn

Hyderabad City Dn

16

Md. Kaja Kamaluddin



Hyderabad Region

Hyderabad Region

17

G. Subbarao



Vijayawada Region

Vijayawada Region

18

M Vishnu Murthy



Vijayawada Region

Vijayawada Region

19

R Ganesh Shankar



Visakhapatnam Region

Visakhapatnam Region

20

J Venkateswara Rao



Vijayawada Region

Vijayawada Region

21

K. Siva Prasad



Visakhapatnam Region

Visakhapatnam Region

22

A. Lokesh Kumar



Hyderabad Region

Hyderabad Region

23

V. Muarlidhar Reddy



Hyderabad Region

Hyderabad Region

24

G Sudhakar



Vijayawada Region

Vijayawada Region

25

P V Reddy



Vijayawada Region

Vijayawada Region

26

V. Dattatri



Visakhapatnam Region

Visakhapatnam Region

27

K. Seetha Mahalakshmi



Vijayawada Region

Vijayawada Region

28

S Sathireddy



Hyderabad Region

Hyderabad Region

29

K. Narsimha Reddy



Hyderabad City Dn

Hyderabad City Dn

30

S Bapu Reddy



Hyderabad City Dn

Hyderabad City Dn

31

M Nageswara Rao



Visakhapatnam Region

Visakhapatnam Region

32

K Laikone

ST

Visakhapatnam Region

Visakhapatnam Region

33

M P R V V S Chitti Thalli

ST

Vijayawada Region

Vijayawada Region

34

A Ram Das



Visakhapatnam Region

Visakhapatnam Region

35

N. V. R. V. S. P. V. S. R Acharyulu



Visakhapatnam Region

Visakhapatnam Region

36

L Sudhakara Rao



Visakhapatnam Region

Visakhapatnam Region

37

D K Seshachari



Visakhapatnam Region

Visakhapatnam Region

38

D B Sankara Rao



Visakhapatnam Region

Visakhapatnam Region

39

K Venkateswarlu

ST

Vijayawada Region

Vijayawada Region

40

Ch. N V S T V Brahmam



Visakhapatnam Region

Visakhapatnam Region

41

L B Mahadev

ST

Visakhapatnam Region

Visakhapatnam Region

42

L. Venkatesham



Hyderabad Region

Hyderabad Region

43

A. Nageswara Rao



Vijayawada Region

Vijayawada Region

44

V Sainilaya



Secunderabad Dn

Secunderabad Dn

45

B Devi



Secunderabad Dn

Secunderabad Dn

46

Ch. Showraiah



Vijayawada Region

Vijayawada Region

47

M Krishna Mohan



Hyderabad City Dn

Hyderabad City Dn

48

G.Narayan Reddy



Hyderabad Region

Hyderabad Region

49

G. Raghuram



Visakhapatnam Region

Visakhapatnam Region

50

R Rama Devi



Vijayawada Region

Vijayawada Region

51

D Vasanth Kumar



Hyderabad City Dn

Hyderabad City Dn

52

A.Tirunakar



Vijayawada Region

Vijayawada Region

53

U. Reddi Samuel



Kurnool Region

Kurnool Region

54

K. S. S. Prasad



Vijayawada Region

Vijayawada Region

55

V Apparao



Vijayawada Region

Vijayawada Region