Tuesday 22 November 2016
Wednesday 16 November 2016
PROCURE INDELIBLE INK IN POs & KEEP READY - DIRECTORATE
From: Director (CBS)
Sent: 15 November 2016 19:28
To: All CPMG
Cc: All PMG; DDG (Financial Services); Member (Banking & HRD)
Subject: Regarding exchange of WOS notes.
Respected Sir/Madam
The government is considering the proposal of using the indelible ink to process the exchange of WOS (Withdrawn Old Series) notes with new currency. The details of this will be communicated shortly; however in the meantime you may procure indelible ink and keep it ready for use by Post Offices which are exchanging notes.
With regards,
Sachin Kishore
Director (CBS)
Sansad Marg,
Dak Bhavan
//COPY//-POTOOLS
Demonetisation : Financial Advise
Financial Advise :
1) Deposit cash less than Rs. 50000 at one time & 10 lac cash in a year (1.4.16 to 31.3.17) in saving bank account. To avoid Income tax department Notice.
2) Do not deposit cash more than Rs.2 lakh in saving bank account (from 11/11/16 to 31/12/16). If you are non tax payer. To avoid Income tax department Notice.
3) Don't try to be over smart
By depositing cash in your different different saving bank accounts. As for income tax limits (Rs. 200000 & Rs.1000000) those will be considered all together.
4) Till 30th December no limit for depositing cash in bank so people may do a mistake.
5) Pan card must for depositing Rs.50000 /- and more.
6) Don't use Credit Card for shopping more than Rs. 200000 (from 01/04/2016 to 31/03/2017). To avoid Income tax department Notice.
7) Do not panic and rush to the banks or post office for depositing the old notes.You are monitored.
8) Understand the impact. When you go to the bank for depositing the same you first check that whether you have cash balance in your books or not.
9) Any unexplained cash deposit attract tax @30%, interest & 200% penalty.
10) Update your books of accounts immediately to know cash position.
Again do not panic.
Every problems have some solution.
//copy/-SAPOSAT
1) Deposit cash less than Rs. 50000 at one time & 10 lac cash in a year (1.4.16 to 31.3.17) in saving bank account. To avoid Income tax department Notice.
2) Do not deposit cash more than Rs.2 lakh in saving bank account (from 11/11/16 to 31/12/16). If you are non tax payer. To avoid Income tax department Notice.
3) Don't try to be over smart
By depositing cash in your different different saving bank accounts. As for income tax limits (Rs. 200000 & Rs.1000000) those will be considered all together.
4) Till 30th December no limit for depositing cash in bank so people may do a mistake.
5) Pan card must for depositing Rs.50000 /- and more.
6) Don't use Credit Card for shopping more than Rs. 200000 (from 01/04/2016 to 31/03/2017). To avoid Income tax department Notice.
7) Do not panic and rush to the banks or post office for depositing the old notes.You are monitored.
8) Understand the impact. When you go to the bank for depositing the same you first check that whether you have cash balance in your books or not.
9) Any unexplained cash deposit attract tax @30%, interest & 200% penalty.
10) Update your books of accounts immediately to know cash position.
Again do not panic.
Every problems have some solution.
//copy/-SAPOSAT
Wednesday 2 November 2016
Monday 24 October 2016
Postal JCA Programmes on 3rd November 2016 & 9th-10th November 2016
Postal JCA decided to continue its struggle programme in connection with the demands viz., Grant of revised ceiling of Bonus @Rs.7000- to GDS w.e.f 2014-15 and Payment of arrears to Casual/Part-Time/Contingent employees from 01-01-2006.
3rd Phase of programme :
Indefinite hunger fast in front of Dak Bhawan, New Delhi from 3rd November 2016 by all Secretaries General, General Secretaries of NFPE & FNPO.
*******************
9th & 10th November 2016 -- Two days strike
Nationwide Postal Strike will be organized by
NFPE - FNPO & AIPEU-GDS - NUGDS
All CHQ office bearers, Circle Secretaries, Branch / Divisional Secretaries of AIPEU-GDS are requested to mobilize the cadre by conducting regional meetings / conventions, Circulate the information through pamphlets, SMS & all other sources etc., and make all sincere efforts to success the Postal JCA agitations on our justified demands.
Confederation of Central Government Employees support & solidarity to Postal JCA strike on 9th & 10th November 2016
TWO DAYS POSTAL STRIKE
ON
9th & 10th NOVEMBER 2016
Confederation National Secretariat calls upon all C-O-Cs and Affiliated organisations to extend full support and solidarity to the Postal employees strike and Conduct demonstrations on 9th & 10th in front of important Postal/RMS offices.
M. Krishnan
Secretary General
Confederation
Mob: 09447068125
E-mail: - mkrishnan6854@gmail.com
AN INJURY TO ONE IS AN INJURY TO ALL
THE WEAK AND DOWNTRODDEN NEED PROTECTION
The Government of India decided to extend the benefit of enhancement of bonus calculation ceiling from 3500 to 7000, to Central Government employees also, in the wake of 2016 September 2nd General strike, in which this was an important demand of the Confederation of Central Government Employees & Workers and NFPE. Orders enhancing the ceiling to 7000/- was issued by Government of India on 29th August 2016 with retrospective effect from 01-04-2014. i.e; from Financial year 2014-15. Payment of arrears for the year 2014-15 was made to the departmental employees in the month of September 2016 itself.
Unfortunately, the benefit of enhanced bonus calculation ceiling is not extended to three lakhs Gramin Dak Sevaks till this date. They have neither been paid arrears for 2014-15 nor the enhanced bonus for 2015-16 also. Each GDS employee has suffered a loss of Rs. 14,000 for two financial years on account of limiting the bonus to the old ceiling of 3500. There is no convincing or valid reason for denial or delay in payment of enhanced bonus to Gramin Dak Sevaks.
Last time, the Nataraja Murthy committee’s recommendation had resulted in denial of enhancement of bonus calculation ceiling from 2500 to 3500. Nataraja Murthy has recommended that GDS should be paid only 50% of the bonus of regular employees, as their productivity is only 50% of full time employees. Government accepted this recommendation and refused to grant enhanced bonus calculation ceiling of 3500/- to GDS, Against this decision of the Government NFPE, AIPEU-GDS and Postal Joint Council of action conducted series of agitational programes including strike and finally Government approved 3,500/- bonus calculation ceiling to GDS also. Thus the issue was settled once for all and there is no need of raising any doubt by the Postal Board, this time.
But, surprisingly, the Postal Board instead of issuing orders for grant of enhanced bonus to GDS referred the issue to GDS Committee. Fortunately, unlike Nataraja Murthy (a sadist officer who snatched away many of the benefit of GDS through his most retrograde and inhuman recommendations), the present GDS committee Chairman Shri Kamalesh Chandra (Retired Postal Board Member) submitted a reasonable, balanced and judicious recommendation to the Postal Board. In his recommendation Shri Kamalesh Chandrahas made it clear that the difference between the revenue generated by Branch Post Offices (GDS) and the expenditure incurred for running the BOs is only 200 Crores, where as the total deficit of the Department of Posts is more than 6000 crores. That shows that major portion of the loss of the Postal Department is not due to GDS system. He recommended that as the productivity of GDS is equal or in some cases more than departmental employees, GDS are eligible for enhanced bonus ceiling of Rs.7000/-.
Inspite of this unambiguous recommendation, the Postal Board refused to issue orders. Instead, it has referred the file for approval of Finance Ministry. Now the file is pending with Finance Ministry. More than two months are over, after the Government issuing the enhanced bonus calculation ceiling order. Three lakhs GDS are totally disappointed and their anger and protest is increasing day by day. Grave injustice is done to the GDS and it cannot be tolerated.
There are 5.5 lakhs employees working in the Postal Department, out of that 2.75 lakhs are Gramin Dak Sevaks. Denial of enhanced bonus to 50% of the work force is a clear case of discrimination.
It is not a case of GDS alone.
In a family if somebody is affected, then it becomes the issue of all members of the family. Every member of the family shall stand together to help the affected member and to resolve the problem.
Here also, the problem of GDS who are the most oppressed and down-trodden section of the Postal department is the problem of all. An injury to one is an injury to all.
It is in this background, Postal JCA comprising NFPE, FNPO, AIPEU-GDS & NUGDS has decided to organise two day’s nationwide strike on 9th & 10th November 2016, demanding:
(1) enhanced bonus to GDS; and
(2) payment of arrears of revised wages from 01-01-2006 to all casual labourers.
//copy//
Saturday 15 October 2016
Thursday 6 October 2016
BONUS ORDER (2015-16)ISSUED BY THE DEPARTMENT OF POST for 60 Days
For Departmental Employees = with ceiling @Rs.7000-(2015-16)
For Gramin Dak Sevaks = with ceiling @Rs.3500-(2015-16)
For Gramin Dak Sevaks = with ceiling @Rs.3500-(2015-16)
//copy//
Thursday 29 September 2016
Monday 19 September 2016
Now, post offices make testing soil easy for farmers
In a bid to make soil testing service accessible to farmers, department of post, Pune region, has launched a pilot initiative on Friday named Kisan Vigyan Doot (KVD) where farmers can submit their soil samples at the nearest post offices.
The samples will be tested at the agencies and a report will be sent. The project, announced at the postmaster general's office, is a facility spearheaded by the postal department in collaboration with Krishi Vigyan Kendras (KVKs), Baramati.
Sumitha Ayodhya, director of postal services, Pune region, told Mirror, "This is a first-of-itskind initiative that has been introduced in the state. Most farmers are either unaware of the importance of soil testing or the agencies are inaccessible to them, which leads to unsuitable cropping and eventually financial loss." Pune region is spread over four districts — Pune, Satara, Solapur and Ahmednagar — consisting of 2,161 branches that operate in rural areas.
"The rural post offices can collect soil samples from farmers and send it to the KVKs. India Post will act as the farmers' messenger with KVKs offering a perfect blend of its services.
In the pilot stage, this initiative will be implemented at the branch offices of Pune Mofussil (MFL) division," said F B Sayyed, assistant postmaster general, Pune region. Vivek Bhoite, subject matter specialist of soil testing, KVK, Baramati, stated that increasing urbanisation has weakened soil health.
"Most of the farmers are unaware about soil health thus the fertility has worsened. Farmers have approached us for tests from Pune, Phaltan in Satara district, Ahmednagar, Solapur and Bhor tehsil.
Currently, the entire process of submitting the samples to obtaining the results takes nearly eight days. With the implementation of the project, the time taken for the tests will reduce considerably," he said.
Farmers are also happy with the initiative undertaken by the postal department. Shyam Sunder Jaigude, a farmer from Bhor tehsil, said, "If this project works, it will benefit those who are forced to neglect their lands while the tests are being conducted."
KVK in Baramati is a Farm Science Centre at the district level that was established in August 1992 under the affiliation of the Indian Council of Agricultural Research, New Delhi .
//copy// PALEGACY
India Post plans courier play to boost revenues
In an attempt to increase its parcel delivery capacity, India Post plans to partner with courier companies to help them leverage its reach in rural areas and remote locations.
As part of this exercise, India Post has started a pilot project with Blue Dart Express Ltd, a private courier firm, to check the viability of the tie-up for delivery of parcels. India Post has a network of 154,939 post offices and an employee base of 460,457, out of which 261,162 are gramin dak sewaks who work part-time for the department.
“We are already serving e-commerce firms in small towns and rural areas for delivery of their parcels. We can use our existing infrastructure—logistics and postmen—with which we are servicing e-commerce firms,” a senior official from India Post said requesting anonymity.
The boom in the e-commerce sector has come as a lifeline for the postal department. Till March 2016, India Post collected Rs.1,500 crore in cash for delivering parcels for various e-commerce portals, including Amazon and Flipkart. The cash collected from e-commerce deliveries by the department of posts was Rs.500 crore in 2014-15, and a meagre Rs.100 crore in 2013-14.
“Depending upon the success of the pilot, the tie-up will be announced across India for tapping areas uncovered by courier firms either due to logistics issue or cost concerns,” the official added. India Post though directly competes with courier companies with its products such as Speed Post, Express Parcel service and Business Parcel service, among others, its monopoly was broken during late 1990s when private courier companies entered the segment.
However, most private courier companies ignore outskirts of towns and villages and other far-flung areas. “India Post with its widest network and reach to every nook and corner is best suited for even delivering couriers of other companies as well,” said another India Post official who also didn’t want to be identified. India Post has been exploring options to increase its revenues.
The postal department plans to have dedicated road routes for short distances and dedicated trains for longer routes to deliver parcels as reported by InfraCircle on 12 August. Experts concur with India Post’s strategy. “India Post has the biggest network and postmen reach to every village. Courier companies may not have the last mile connectivity which India Post has.
It is a great win-win for everybody. And this is a different India Post we are talking about which is finding ways to identify potential areas to increase revenues,” said Hemant Joshi, partner at Deloitte Haskins & Sells.
Queries emailed to the spokesperson of ministry of electronics and information technology, under which India Post operates, and Blue Dart on 16 September remained unanswered. The e-commerce sector in India is expected to grow to $119 billion by 2020 with a total of 320 million shoppers, according to a Morgan Stanley report.
//copy//
PA Legacy
Shri B.V.Sudhakar, Secretary, Posts - in Warangal (Telangana Circle)
An interaction meeting with Postal employees of Warangal & Hanmakonda Divisions by Shri B.V.Sudhakar, Secretary, Department of Posts in Hanmakonda on 18-09-2016. About 300 employees participated and many of them made deliberations on various issues related to respective cadres. Hon'ble Secretary had a patience hearing and replied to all elaborately in the speech.
Shri N.Sammaiah, Circle Secretary, AIPEU-GDS, Telangana Circle submitted a memorandum on GDS issues and requested Secretary, Posts cause to resolve them in favour of GDS. Apart from the issues, Circle Secretary raised the issue of Bonus to GDS with revised ceiling and Verification of Membership for GDS cadre. Secretary, Posts responded positively and assured to use their good offices at the earliest.
Monday 12 September 2016
Wednesday 24 August 2016
GDS Pay Committee visited Karnataka Circle on 23-08-2016
It is reported by the Asst. Genl Secretary (CHQ), AIPEU-GDS Com.B.R.Jagdish in Karnakata Circle that the GDS Pay Committee called Unions for interaction meeting in Bangalore on 23rd Aug 2016.
The Representatives of AIPEU-GDS met the GDS Pay Committee along with NFPE leaders and presented the GDS issues to the Pay Committee Members.
Hon'ble Chief Postmaster General & other officers of Circle Administration were also present.
Sunday 14 August 2016
India celebrates its 70th Independence Day on 15 August 2016. The country became independent from British colonialism on this day in 1947. The day is celebrated with great fervour across every state of the country, with the capital city Delhi becoming the hub of all celebrations. India's Independence Day celebrations officially take place at the Red Fort.
Details of the Achievements in Department of Posts - RS Q & A
GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS
DEPARTMENT OF TELECOMMUNICATIONS
RAJYA SABHA
2997. SHRI DEVENDER GOUD T.:
Will the Minister of COMMUNICATIONS be pleased to state:
(a) the details of achievements of the Ministry in the last two years;
(b) whether presentation before the Prime Minister was made about Ministry's last two year's achievements, if so, the details thereof;
(c) whether the Ministry has fallen short of its targets and where it has excelled;
(d) the targets set for the coming three years and road-map to achieve the same;
(e) the details of difficulties brought out before the Prime Minister and suggestions made to overcome them; and
(f) the details of core areas the Ministry is going to focus on in the coming three years?
ANSWER
THE MINISTER OF STATE (IC) OF THE MINISTRY OF COMMUNICATIONS &
MINISTER OF STATE IN THE MINISTRY OF RAILWAYS
(SHRI MANOJ SINHA)
---
(Details of the achievements of Ministry of Telecommunications in Annexure - I )
---
(a) The targets set by the Department of Posts for the coming three years and road-map to achieve the same are at Annexure-II. However no specific targets have been set by the Department of Telecommunications.
(b) Does not arise in view of (b) above.
(c) The details of core areas the Ministry is going to focus during the coming three years are at Annexure-III.
ACHIEVEMENTS OF DEPARTMENT OF POSTS DURING THE LAST TWO YEARS
A. REVENUE GROWTH
2013-14 (Rs. in crore)
|
2014-15 (Rs. in crore)
|
2015-16 (Rs. in crore)
| |
Speed Post revenue
|
1372
|
1495
|
1600.45
|
Parcel revenue
|
77.63
|
112
|
149.94
|
B. E-COMMERCE
Tie-up with e-commerce agencies
|
900 e-commerce merchants
|
2013-14 (Rs. in crore)
|
2014-15 (Rs. in crore)
|
2015-16 (Rs. in crore)
| |
Collection through Cash on Delivery (COD)
|
100
|
400
|
800
|
Parcel delivery per day
|
40,000 parcels
|
Rural (in Rs.)
|
Urban (in Rs.)
| |
Average value of e-commerce parcel
|
3000
|
5000
|
Overall premium products and services Revenue (Rs. in crore)
2014-15
|
2015-16
|
2016-17(up to June)
|
2827.95
|
3097.24
|
691.60
|
Post Shoppes
No of Post Shoppes opened
|
50
|
Total revenue generated
|
Rs 60 lakh
|
Distribution of Gangajal
The Department since 10th July 2016 has made arrangement for distribution of Gangajal, sourced from Rishikesh and Gangotri in 200 ml and 500 ml bottles, from post offices. The same are available through Head Post Offices across the country and can also be ordered online at www. epostoffice.gov.in.
The packaging and handling charges of delivery of Gangajal are as follows:
Size
|
Source
|
Post Office counters (in Rs.)
|
*Online
(in Rs.)
|
Doorstep Delivery
(in Rs.)
|
200 ml
|
Rishikesh
|
15
|
101
|
28
|
500 ml
|
Rishikesh
|
22
|
151
|
38
|
200 ml
|
Gangotri
|
25
|
101
|
38
|
500 ml
|
Gangotri
|
35
|
151
|
51
|
*Online cost includes Speed Post charges.
Doorstep delivery means a customer can place an order in the nearest post office and the Gangajal is delivered at his doorstep. The cost excludes Speed Post charges.
C. PARCEL INFRASTRUCTURE
Road Transport network established for fast, secure, and reliable transmission of parcels
|
34 (major routes)
|
Mail vans fitted with GPS devices for online monitoring of mail movement
|
950
|
2013-14
|
2014-15
|
2015-16
| |
Parcel Centre established
|
20
|
28
|
9
|
D. IT MODERNIZATION
CBS roll out
|
22,722 Post Offices
|
Post Office Savings Bank (POSB) Accounts migrated to CBS
|
31.61 Crore
|
ATM Installed
|
946
|
Hand held devices supplied to rural branch Post Office
|
4,782
|
E. FINANCIAL INCLUSION
i. Post Office Savings Bank Account
2014-15
|
2015-16
|
33,03,35,249
|
34,53,21,639
|
ii. Sukanya Samriddhi Yojana (SSY)
No. of Sukanya Samriddhi Account (SSA) upto March 2016
|
85,31,482
|
Amount invested upto March 2016 (INR)
|
5151,33,40,173
|
iii. Kisan Vikash Patra (KVP)
No. of KVP sold upto March 2016
|
2,79,76,490
|
Amount invested upto March 2016 (INR)
|
27853,19,91,700
|
iv. Jan Suraksha Yojana (JSY)
No. of Atal Pension Yojana (APY)
|
98,802
|
No. of Pradhan Mantri Jeewan Jyoti Yojana(PMJJBY)
|
25,852
|
No. of Pradhan Mantri Suraksha Bima Yojana(PMSBY)
|
3,73,173
|
Total Number
|
4,97,827
|
F. Social Security Pension Scheme
SI No
|
National Pension Schemes
|
SB Accounts
| |||
2014-2015
|
2015-2016
| ||||
Total no. of SB accounts
(in Crore)
|
Total Amount disbursed through the SB accounts during the year 2014-15
(in Crore)
|
Total no. of SB accounts
(in Crore)
|
Total Amount disbursed through the SB accounts during the year 2015-16
(in Crore)
| ||
1
|
Indira Gandhi National Old Age Pension Scheme (IGNOAPS)
|
.79
|
889.44
|
1.42
|
1250.99
|
2
|
Indira Gandhi National Widow Pension Scheme (IGNWPS)
|
.24
|
385.46
|
.70
|
909.76
|
3
|
Indira Gandhi National Disability Pension Scheme (IGNDPS)
|
.39
|
237.25
|
.95
|
432.56
|
4.
|
Indira Gandhi MatritvaSahyog Yojna (IGMSY)
|
.05
|
106.56
|
.05
|
27.59
|
Total
|
1.47
|
1618.71
|
3.12
|
2620.9
| |
G. MGNREGA
Disbursement through savings Bank Accounts (SB) under Mahatma Gandhi National Rural employment Guarantee Scheme:
2014-15
|
2015-16
| |
Total no. of active SB Accounts
|
4,43,38,667
|
4,59,03,201
|
Total amount of disbursement ( in Rs.)
|
6631,98,19,176
|
6177,75,72,875
|
H. MONEY ORDERS
Disbursement through Money Orders under National Pension Schemes
SI No
|
National Pension Schemes
| ||||
2014-2015
|
2015-2016
| ||||
No. of MO Booked
(in Crore)
|
Amount
(in Crore)
|
No. of MO Booked
(in Crore)
|
Amount
(in Crore)
| ||
1
|
Indira Gandhi National Old Age Pension Scheme (IGNOAPS)
|
4.32
|
3201.82
|
3.13
|
2256.83
|
2
|
Indira Gandhi National Widow Pension Scheme (IGNWPS)
|
1.40
|
1029.24
|
1.76
|
937.23
|
3
|
Indira Gandhi National Disability Pension Scheme (IGNDPS)
|
.55
|
414.22
|
.57
|
445.78
|
Total
|
6.27
|
4645.28
|
5.46
|
3639.84
| |
Annexure-II
THE TARGETS SET BY THE DEPARTMENT OF POSTS FOR THE COMING THREE YEARS AND ROADMAP TO ACHIEVE THE SAME
1. Postal Life Insurance (PLI) / Rural Postal Life Insurance (RPLI) :
India’s Life Insurance sector is expected to increase at a compound Annual Growth (CAGR of 12-15%) over the next few years (source ASSOCHAM Report 2016 and IBEF). In line with Industry growth trend Postal Life Insurance/Rural Postal Life Insurance may achieve a CAGR of approximately 15% to 25% over the next few years. A tentative growth in premium income and revenue (FRR) is given Below :
Business Targets
YEAR
|
PLI
|
RPLI
| ||||||
No. of Policies in force
|
Sum
Assured
(In Rs. Crore)
|
Premium income
(In Rs Crore)
|
No. of Policies in force
|
Sum
Assured
(In Rs.
Crore)
|
Premium income
(In Rs.
Crore)
| |||
Actual
| ||||||||
201516 (unaudited)
|
63,13,447
|
1,36,747.65
|
6737.72
|
2,33,59,574
|
1,15,970.15
|
2003.03
| ||
Projections
| ||||||||
201617
|
66,28,650
|
1,57,259.79
|
7750.00
|
2,47,15,950
|
1,33,365.70
|
2359.00
| ||
201718
|
69,60,083
|
1,88,711.76
|
9298.05
|
2,59,51,748
|
1,60,038.8
|
2764.18
| ||
2018-19
|
73,08,087
|
22,65,454.11
|
11,157.66
|
2,72,49,335
|
1,92,046.6
|
3317.01
| ||
Road Map to achieve the targets :
a) Revamping Marketing Structure
b) Improvement in after sales service of PLI and RPLI
c) Technology Induction- Stabilization of McCamish (the software developed by Infosys for Postal Life Insurance.
d) Reduction / check of lapse of PLI and RPLI policies
e) Marketing/ promotion and publicity of PLI and RPLI products leading to brand image
f) Customer friendly Initiatives such as premium due alert, direct and timely payment of maturity amount to insurants etc
g) Training of Marketing Personnel in marketing skills and back office staff in policy servicing and underwriting
2. Financial Inclusion
Saving Bank Cash Certificate (SBCC) Target
| ||
Current year 2016-17
|
10247 Crs.
| |
Targets set of coming three years
| ||
2017-18
|
11,272 Crs.
| |
2018-19
|
12,399 Crs.
| |
2019-20
|
13,639 Crs.
| |
Road Map to achieve the targets:
(i) Door to door contact for opening of accounts through field staff by way of handbills, flyers etc. upto the level of rural areas, and distributing pamphlets to all customers who visit post offices.
ii. Organizing Seminars/Melas/Road Shows to open savings accounts upto the level of rural areas.
iii. Targets are fixed for each Post Office right from the level of Rural Branch Post Office for opening of Accounts.
THE DETAILS OF CORE AREAS THE DEPARTMENT OF POSTS IS GOING TO FOCUS ON THE COMING THREE YEARS
1. India Posts Payments Bank(IPPB):
In the area of financial inclusion, the government has decided to set up the India Post Payments Bank. The Post Office with its vast network is the last mile Government institution in the villages that is closest to the people’s heart. The Payments Bank will be run on the state-of-art technology so that they can give quick and sufficient service to the village folks especially in making Direct Benefit Transfer (DBT) payments. The India Post Payments Bank is expected to commence working from May, 2017 and complete linking with all the 1.55 lakh Post Offices by September, 2017.
Benefit :
I. Department of Posts with its vast reach and infrastructure is ideally suited to fulfil the parameters laid down for a Payment Bank to ensure financial inclusiveness across the country especially in the rural and remote areas.
II. The India Post Payments Bank will promote financial inclusion by providing small savings accounts and payments/remittance services to migrant labour workforce, low income households, small businesses, other unorganised sector entities and other users.
III. India Post Payments Bank will help to expand banking services to the remotest corner of the country as there is large population in India which do not have banking facilities due to India’s geographical spread, regional disparities, reach and connectivity.
IV. The benefits of financial inclusion would result in bringing a host of financial products to suit the needs of different strata of society with special focus on the marginalized sections and citizens in rural areas. It would also bring a large number of individuals and small businesses into the formal banking channel. Combining the use of technology and physical presence it will, create a unique Bank combining physical and digital presence.
V. Generation of new employment opportunities for skilled banking professionals and for entities and individuals engaged in propagating financial literacy across the country would be a byproduct of this India Post Payment Bank.
The current status in context of setting up of the Payments Bank including the focus areas is as follows:
i. Process of selection of top level management of upcoming India Post Payments Bank has been initiated. A proposal has been sent to Department of Personnel &Training seeking approval of Appointments Committee of the Cabinet (ACC) for the selection of Managing Director & Chief Executive Officer (MD & CEO) of the Bank.
ii. The Request for Proposal (RFP) for selection of System Integrators for setting up India Post Payments Bank (IPPB) has been floated.
iii. Name of the company India Post Payments Bank (IPPB) has been registered with registrar of companies (MCA) and incorporation of the company is under process.
iv. Steps for implementation of the project are being taken as per target set by the cabinet.
2. IT Modernization Project:
India Post IT Modernization Project with total outlay of Rs 4909 crore aims at modernization, digitization and networking of 1,54,620 post offices, including 1,29,323 Gramin Dak Sewak post offices, in rural areas across the country.
Under this Project, the benefits for the Customer and the Government are :-
Benefits for the Customers
· Better financial inclusion especially in rural areas
· Effective and transparent delivery of social security schemes including DBT
· Faster and more reliable postal services
· Multiple channels of access
Benefits for the Government
· Last Mile IT Network connecting about 1,55,000 post offices
· Improved delivery of government schemes in rural areas
· Improved quality of services
Impact of Digitization/Modernization - CBS and ATM
India Post is one of the largest provider of financial services in the country with an account base of 34.53 Crore and total deposit of Post Office Saving Bank (POSB) accounts and Cash Certificates of Rs.6.53 lakh Crore managed through a network of more than 1.5 lakh post offices.
Service Delivery Impact:
· Reduction in waiting time for customers at Core Banking Solution enabled post offices
· Anytime, Anywhere, Any Branch banking from the CBS enabled branches
· Enabling quick money transfer to rural customers
· Faster service delivery
· Access to facilities like ATMs, net banking and phone banking to the customers of Small Savings Schemes
· Prompt grievance redressal on a real-time basis
· Service level improvement for transfer of accounts, posting of interest and encashment of certificates
Core Banking Solution (CBS)
Core Banking is to be rolled out in all departmental post offices (around 25,000). About 1.3 lakh branch post offices will also be covered by deploying CBS (Core Banking Solution) mobile application in hand-held devices. The project will bring in facilities of ATM banking, Internet Banking, Mobile Banking and Phone Banking to the Post Office Savings Bank (POSB) customers. It will enable POSB customers to perform transactions 24x7 in ATMs.
The specific focus areas under this project :
Sl No
|
Project
|
Expected time of completion
|
1
|
Financial Services Integrator (FSI)
Core Banking Solutions for Post Office Savings Bank ( POSB), ATM facility and Core Insurance Solution Postal Life Insurance (Postal Life Insurance, Rural Postal Life Insurance (PLI & RPLI)
|
Roll out of Core Banking Solution (CBS) and Core Insurance Solution (CIS) has almost been completed (CBS-88.89% and CIS-99.39%) in technically feasible Post Offices. Efforts are on to provide stable connectivity to the remaining POs so as to expedite CBS & CIS migration. A total of 946 ATMs have been installed.
|
2
|
Core System Integrator (CSI)
Solutions relating to Mails, Postal counters Remittances, Human Resource (HR), Finance & Accounts (F&A), Customer Interaction etc. and Common Infrastructure.
| March,2017 |
3
|
Change Management (CM)
Preparing the workforce of the Department, including the Gramin Dak Sewaks for the complete change in the Department’s working after implementation of the Project.
| March,2017 |
4
|
Mail Operations Hardware (MOH)
Providing postman handheld devices & Hardware for Mail offices & Transit Mail Offices.
| December,2016 |
5
|
Rural ICT Hardware (RICT RH)
Supply & installation of Hardware and other peripherals, connectivity and solar backup systems to 130000 Rural Branch Post Offices.
| 40,000 offices shall be covered by November,2016 |
Rural ICT RSI (RICT RSI)
Development of Core application platform, development of MGNREGS application and expansion of already existing e-MO application for RICT hardware devices.
| March,2017 |
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( Please note that the matter related to Dept of Posts has been extracted & published for information )
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