Wednesday, October 7, 2015
Tuesday, October 6, 2015
Tuesday, September 29, 2015
Monday, September 28, 2015
Today News - DoP seek Cabinet nod to set up Payments Bank
DoP seek Cabinet nod to set up
Payments Bank
The
Department of Posts (DoP) is expected to seek Cabinet nod within two months for
raising Rs.292 crore from public investment board to set-up Payments Bank, for
which it has already got the RBI approval.
“We
expect the fund to be cleared in two months,” an official source told PTI.
Payments
bank licence will allow companies to collect deposits (initially up to Rs.1
lakh per individual), offer Internet banking, facilitate money transfers and
sell insurance and mutual funds.
Besides,
they can issue ATM or debit cards, but not credit cards. The Department expects
revenue of over Rs.550 crore from PBI in first 5 years. The postal department
had earlier tried for Rs.632 crore fund approval from government for full
fledged banking services but it was not cleared by PIB.
Government
has in-principle agreed to the entry of Postal Department in banking service
through payments bank route.
“The
DoP expects to roll out Payment Bank services by March 2017. There are no major
infrastructure issue with the department. Only there is need to set up a data
centre and disaster recovery centre which will be done soon,” the official
said.
Consultants
The
Postal department computerised about 25,000 of its departmental post offices
but rural post offices will be provided handheld devices for digitalising
records.
The
Department is in final stages of appointing a consultant that will guide it in
setting up payment banks.
The
Payments Bank entity is proposed to have its own employees and IT
infrastructure. — PTI
The
DoP expects to roll out Payment Bank services by March 2017. There are no major
infrastructure issue with the department
Friday, September 25, 2015
Monday, September 21, 2015
Saturday, September 19, 2015
Friday, September 18, 2015
LETTER TO DEPARTMENT
Tele-Fax: 23697701
ALL INDIA GRAMIN
DAK SEVAKS UNION (AIGDSU)
(Central Head Quarter)
First Floor, Post Office Building,
Padamnagar, Delhi 110007
President: M.
Rajangam
General
Secretary S.S. Mahadevaiah
GDS/CHQ/41/1/2010
Dated: 11-09-2015
To
The Secretary,
Department of
Posts,
Dak Bhavan,
New
Delhi-110001
Sub:- Revision
of Security to be furnished by Gramin Dak Sevaks.
Ref: Yours
office letter No.6-18/2010-PEII dated 7.05.2010 and 30.11.2010
Madam,
A kind reference is invited
to this union letter of even no. dated 18-07-2010, and 22-10-2010 on the above
subject. The
orders issued vide your office letter under reference are too harsh and deal a
deadly blow to the GDS employees in the month in which the premia as per the
revised amount of security bonds and periodicity are to be recovered. You will
kindly agree that no scheme should be introduced or implemented which acts like
an indirect punishment on the employees-especially the low paid GDS employees.
2. Due to steep hike
in the amount of the S. Bonds, the amount of premia naturally increases
proportionately and the recovery of the premia for a five year book would mean
recovery of a sufficient amount from the pay of the GDS employees. Before we
discuss in detail the other shortcomings of the newly introduced scheme, we
would place before you the following factual facts for your consideration:
(i) The departmental
employees who handle much more cash and valuables than the GDS employees are
not called upon to furnish S.Bonds save, of course, treasures who are paid cash
handling allowance in addition to the normal Pay and allowances. These
departmental employees are not called upon to possess any landed property as a
Condition of appointment. In case of GDS employees, especially BPM/SPMs they
are required have landed property in their own names. The idea is that in case
of any loss/fraud, the amount of loss can he recovered by getting issue of
distress warrant from the value of the landed property. This is a sufficient
security. Then there is no need for another security. We very sincerely feel
what there is no ground that-so-ever for suspecting the integrity and honesty
of the GDS employees in a quite discriminate manner.
(ii) Secondly and more
importantly to our knowledge there has not been a single case where the
guarantor, be it bank or cooperative society has ever been called upon to make
good the amount of bond and the amount of losses are recovered from other
employees charged with contributory negligence such employees may be
departmental employees or GDS employees. Then the question is why recover the
permia of S.Bond from the GDS employees to fill the coffers of the banks or
cooperative societies-such societies in most case donot cater to any need of
the GDS employees.
(iii) In Karnataka Circle F G Bond premium for Rs.25,000/- sum for 5 years at
Bangalore KCPC and Dharwad Co-op credit societies
are Rs.1925/- and Rs.!260/- respectively and a good number of poor GDS in the
circle are facing difficulty in paying the subscription, which is heavy, in one
lump sum. There is no provision for
payment of premia in reasonable installments as per society bylaws.
(iv) It is reported that in AP circle the premium
amount for the said FG bond is low that is Rs.625/- for 5 years for the same
amount of Rs.25,000/- guarantee. As such
we request you to do the needful in this regard to explore the possibilities of
getting FG Bonds for GDS of our circle from the credit co-op societies of AP
circle, e.g. Kurnool Division Co-Op Credit Society charges Rs.625/-.
Hence
there is no need for getting S.Bond selectively from the GDS employees and
this
has got to be stopped
3. Now coming the
newly introduced block of 5 years. This is most irregular and calous. How can
the department guarantee that the GDS will not be promoted to departmental Post
within the given period. More over, if God forbid, the employee expires or
resigns for some reason within the 5 year period, what can justify the recovery
of premia for the period he will not be in service. This scheme is most
impracticable and harsh and has got to be withdrawn forth with.
In view of what has been explained above,
there is no need of obtaining fidelity bond selectively form the GDS employees
and especially when not even in a single case, the guarantor has paid the
amount of S.Bond in case of loss,
You are, therefore, kindly requested to
reconsider and do needful & mechanize this scheme.
The scheme
has to be withdrawn lock stock and barrel.
Yours faithfully,
(S.S Mahadevaiah)
General
Secretary
Wednesday, September 16, 2015
Tuesday, September 15, 2015
Saturday, September 12, 2015
Thursday, September 10, 2015
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