"You have to dream before your dreams can come true" - Dr A.P.J Abdul Kalam. "Excellence is a continuous process and not an accident" - Dr A.P.J Abdul Kalam. “Don’t take rest after your first victory because if you fail in second, more lips are waiting to say that your first victory was just luck.” - Dr A.P.J Abdul Kalam.

Aug 27, 2015

Prime Minister expressed concern over the grievances of public relating to post offices

The Prime Minister, Shri Narendra Modi, today chaired his fifth interaction through PRAGATI - the ICT-based, multi-modal platform for Pro-Active Governance and Timely Implementation. 

In course of his review today, the Prime Minister expressed concern at the grievances relating to post offices. Noting that postal services are vital for the poorest sections of society, he directed the Department of Posts to work towards improvement in service delivery, especially in areas such as payment of policy benefits, money orders, postal savings accounts, and delay in delivery of post. 

(Click on read more)

Cabinet clears four-month extension to 7th Central Pay Commission

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval for the extension of the term of the 7th Central Pay Commission by four months up to 31.12.2015

The Central Pay Commission was constituted by the Central Government on 28.2.2014. According to the Resolution dated 28.2.2014, by which the Commission was constituted, it is to make its recommendations within 18 months of the date of its constitution that is by 27th August, 2015. 

In view of its volume of work and intensive stake-holders' consultations, the 7th Central Pay Commission had made a request to the Government for a four month extension up to 31.12.201

Source : PIB(Release ID :126354)

Maintenance of PLI pay policies of CRPF & BSF Personnel

A copy of the PLI Directorate letter no 29-12/2009-LI dated 10.08.2015 on the above subject matter  is reproduced below.

Frequently asked Questions on Finacle CBS

Click here to view the FAQs on Finacle Core Banking Solutions.

Reimbursement of Children Education Allowance - Clarifications

Click here to view the DoPT clarifications on children Education allowance communicated vide Postal Directorate letter dated 31.07.2015.

Aug 25, 2015

Regional allotment and posting in JTS of IPoS Group A

Sri Sandesh Mahadevappa (IPoS 2013 batch) is alloted to Vijayawada Region and posted as SSPOs Bhimavaram Dn vide CO memo dated 25.08.2015.

Promotions & Postings in HSG- I (CO/RO) Cadre

Circle office, Hyderabad has ordered promotions and postings in HSG- I (CO/RO) cadre vide memo no ST/47-5/HSG I/2010 dated 24.08.2015.
Copy of CO memo referred to above is reproduced below.

PFRDA to launch online facility to open NPS accounts

Pension fund regulator PFRDA is set to launch an online facility for opening of accounts under the National Pension System (NPS) to net in prospective customers. 

"We are set to launch the online on-boarding facility for the prospective customers of pension schemes under the NPS," PFRDA chairman Hemant Contractor told reporters on the sidelines of an insurance summit organised by the industry lobby CII here this evening. 

Reallotment in PS Group B cadre

Sri D.Narasimharao, AD, Hyderabad region is reallotted to Vijayawada region against the vacancy of SRM, Y Dn Vijayawada vide C.O, Hyderabad memo dated 24.08.2015.

Aug 24, 2015

Revision of Fixed Monetary Compensation (FMC) to Delivery Staff and Remumeration to other Staff

Postal Directorate, vide memo no 10-7/2001-PE-II dated 14.08.2015,has revised the Fixed Monetary Compensation (FMC) admissible to Delivery Staff when they performed duty of an absentee postman by combination of duty and also revised the Holiday/Sunday monetary Compensation payable to Postman and other Departmental Staff brought on duty on 2nd consecutive Holiday or duty performed on Sunday.
(Click on Readmore below to view the Directorate memo)

Aug 23, 2015

Pressure on Public sector Banks from India Post, on approval of Payments Bank licence

The RBI approval for setting up payment banks will pave the way for financial inclusion through a combination of branches and digital platforms.
What will be the impact on universal banks?
(Click on Readmore below)

Payments banks add-ons, not competitors: Raghuram Rajan, RBI Governor

Payment banks will complement the traditional banking sector rather than compete with it, but they will also ensure costs of these services come down and push universal banks to use more efficient and cheaper payment channels, said Raghuram Rajan, governor of the Reserve Bank of India (RBI).
(Click on Readmore below)

Aug 22, 2015

Govt committed to revive postal department: Communications Minister

Communications minister Sri Ravi Shankar Prasad on Thursday said the government will revive the postal department by using over 1.5 lakh post offices for furthering financial inclusion and payments bank is a step towards it. 

(Click on Readmore below)

Initiatives to be undertaken to Promote PO SB Schemes

Nowadays there is lot of pressure on the postal staff to promote PO SB schemes and to open  PO SB accounts. Postal Directorate has communicated some initiatives which will help in promotion of PO SB schemes.

(Click on Readmore below to view the Initiatives communicated by Postal Directorate)

Grant of GP Rs.5400- to ASPs who have drawn Rs.4800- for 4 years - Progress of CAT case

Department has filed reply statement in OA No. 296/2014 filed before  CAT Hyderabad bench seeking grant of grade pay Rs.5400/- to ASPs who have drawn Rs.4800/- for 4 years.  The case is posted to 02.09.2015.