India Post-past and present

Changing face & Role of

Department of Posts

From P & T Department

to India Post

The Department of Posts have come up

a longway from 1854 to 2009

NATIONAL POSTAL WEEK

India Post celebrates

NATIONAL POSTAL WEEK

from

09-10-2009 to 15-10-2009

October 9th is the World Post Day. Starting from 9th October India Post is celebrating Postal Week. During this week, India Post will get in touch with its customers informing them of new initiatives. One of the key initiatives of India Post is the introduction of three aircrafts carrying mail, parcel, speed post and logistic consignments. This will result in delivery of parcel and logistic consignments by next day in major cities. With one lakh fifty five thousand post offices in the country, India Post has the largest postal network in the world. World Post Day is celebrated every year on 9th October, to commemorate the anniversary of the establishment of the Universal Postal Union (UPU) in 1874 in the Swiss Capital, Bern. It was declared World Post Day by the UPU Congress held in Tokyo Japan in 1969. Since then, countries across the world use the occasion to introduce and promote new postal products and services.

GDS Pay Revision Issue

It is learnt that Pay Revision orders of GDS are likely to be issued before end of this week.Otherwise there is a possiblity for grant of an advance on arrears. The details of pay revision structures have been posted by this blog earlier basing on the recommendations of Natarajamurthi Commision and Gopinath Committee.


As this blog believes only on facts and figures and not merely hearsays etc., the Clear picture of the pay fixation etc. will be published after issue of formal orders from the Directorate. (Expected before Deewali)

Till issue of that orders, the GDS brothers/sisters may calculate their pay and allowances for their pleasure sake as per postalinfo calculator published earlier in this blog , soon after recommendations of Natarajmurthi Commision and Gopinath Committee .

In order to expedite the procedure for drawal of Arrear and Allowances, all are requested to collect the undertakings from the GDS and submit to the respective DDO immediately. The proforma of UNDERTAKING is furnished below.

UNDERTAKING

I hereby undertake that any excess payment that may be found to have been made as a result of incorrect fixation of pay or any excess payment detected in the light of discrepancies noticed subsequently will be refunded by me to the Government either by adjustment against future payments due to me or otherwise.

Date

Signature -------------------

Station

Name -----------------------

Designation-----------------

India Post -a ray of hope for the Flood Victims

Duty is God

India Post -a ray of hope

for the Flood Victims

India Post Signs Invest Pact With two Fund Managers

Department of Posts Signs Invest Pact With two Fund Managers

India's federal postal department Tuesday signed pacts with two fund managers to help manage cash that it will collect daily as premiums from its life insurance customers.
The funds to be managed will be equally split between state-run UTI Asset Management Company and SBI Fund Management, a government statement said.
"The net accretion to the postal life insurance and rural postal life insurance will now be invested as per the Insurance Regulatory & Development Authority guidelines," statement said.
The guidelines allow the fund managers can invest up to 15% of the total cash in shares.

Gifts of property (gifts-in-kind) above value of R.50,000 taxable from 01-10-2009

Gifts of property (gifts-in-kind)

above value of Rs.50,000 /-

taxable from 01-10-2009

The Income Tax Act 1961 (the Act) has been amended with effect from 1st October 2009 to provide that any gift-in-kind, being an immovable property or any other property, the value of which exceeds Rs.50,000 (rupees fifty thousand), will become taxable in the hands of the donee, being an individual or a Hindu Undivided Family (HUF), as income from other sources under clause (vii) of sub-section 2 of section 56 of the Act. Therefore, any such person who receives a gift of any such property on or after 1st October 2009 must pay the income tax due on the value of the gift and disclose the taxable value of such property in the return of income for assessment year 2010-11 and subsequent years.The following types of gifts will, however, not be subject to tax, i.e. gifts (a) from a person who is a relative; (b) on the occasion of marriage of the individual; (c) under a will or by way of inheritance; (d) in contemplation of death of the donor; (e) from any local authority as defined in the Explanation to section 10(20) of the Act; (f) from any fund or trust established under section 10(23C) of the Act; (g) from any trust or institution registered under section 12AA of the Act. Relative is defined in the Act as (i) spouse; (ii) brother or sister; (iii) brother or sister of the spouse; (iv) brother or sister of either of the parents; (v) any lineal ascendant or descendant; (vi) spouse of any of the relative at clauses (ii) to (v); of the individual. Gifts received from these relatives will not be subject to tax. Earlier cash gifts exceeding Rs.25,000 were subject to tax with effect from 1st April 2004. Later the Act was amended with effect from 1st April 2006 to tax all cash gifts having aggregate value exceeding Rs.50,000. Cash gifts also enjoy exemptions as is available for gifts-in-kind.
Source:PRESS RELEASE No.402/92/2006-MC (21 of 2009) Dated: September 30, 2009

India Post declares rebate on Gold Coins

India Post offers rebate on Gold Coins

Indian Posts launched a novel scheme for government officials this festival season by announcing that if they buy gold coins from the department they can get a rebate of 6 per cent.For the ongoing festive month, the Post Office department has launched the scheme to give a rebate of 6 per cent on the purchase of gold coins from September 24 till October 24 to all the government officials.Besides this, a scheme for general customers was also launched where 0.5 gm gold would be given free to all those who would purchase 10 gm gold from the post office. To avail this scheme, the customers are required to buy two coins of 5 gm each or a single coin of 8 gm or two coins of 1 gm each. Out of these two schemes a customer can only opt for one.Notably, all across the country the Indian Postal Department along with a private financial firm is selling 24 carat gold coins to all the post offices. The gold coins of weight 0.5 gm, 1 gm, 5 gm and 8 gm are available in post offices. These gold coins are manufactured by Valcambi Switzerland and are 99.99 per cent pure. To beautify them, they are also packed in silver cover.Gold coins are the hottest commodities on sale in India these days. While banks are competing with each other to open counters in their branches to sell gold coins, the postal department in association with brokerage firm Reliance Money and the World Gold Council (WGC) has been introducing novel schemes to sell coins through post offices. Buoyed by the huge success of gold coins sales through post offices, India Post is adding more post offices to step up the trade in the yellow metal. Every month, India Post is launching gold coins trade in new post offices. On Monday, India Post started the services in Jharkhand post circle, covering several post offices. And dozens of people came to the postal outlets to buy gold coins. India is the largest consumer of gold in the world. The approximate consumption of gold in India is around 700 tonnes per year. As per the currency scheme India Post-Reliance Money-WGC scheme, the postal department is selling 0.5 gm, 1 gm, 5 gm and 8 gm gold coins packed in tamper-proof sealed covers. India Post gives training in handling the software, developed by Reliance Money, for handling gold coins sale and transactions. Every customer is being given an invoice or bill detailing the transaction. While India Post earns an amount as commission, Reliance Money bears the service tax on the commission paid to India Post. The stocking and sale of gold coins in the post offices are under the direct supervision of the respective postmasters. The postmaster is required to check the Reliance Money web site on a regular basis for the latest updates of gold rates and discounts. Each coin comes with certification from Valcambi Switzerland and quality packaging, as well as a number and assayer certificate. The gold coins are packed in a sealed cover with the certification from Valcambi, Switzerland with the India Post logo. India Post is offering 5% special discount to its customers during festive seasons and special occasions.

GDS Pay Commission

It is learnt that the cabinet have approved

the GDS committee recommendations for

revision of Pay and Allowances

Dearness Relief Order for pensioners issued

Dearness Relief Order for Pensioners is issued vide No. F.No.42/12/2009-P&PW(G) of

GOVERNMENT OF INDIA ,

Ministry of Personnel,

Public Grievances & Pensions
Department of Pension & Pensioners' Welfare dtd. 23rd September, 2009

Indian post offices to have core banking system

Indian post offices to have core banking system
A Raja rededicates

Parliament street Head Post office

Union Minister for IT and Communication, A Raja, today said post offices in the country will soon begin core banking system."We will shortly begin core banking of post offices saving banks," said the minister after rededicating the Parliament Street head post office to the public under 'Project Arrow'. "Our aim is to change and transform post offices all over the country to be better places for people to go to and where work can be done efficiently," said Raja. The minster assured that around 4000 post offices in the country would be brought under core banking solutions within next three years. 'Project Arrow' envisages upgradation of 500 post offices both in urban and rural areas from 11 circles in terms of physical 'look and feel', conducive and friendly work environment both for staff and the customers visiting the post offices. This will include providing IT enabled services through secure connectivity, improving the service quality levels in the core business area like mails, remittances and postal savings. These 500 post offices would be equipped with modern computer hardware and software required for running daily operations.Modernization work of 50 post offices was to be completed before August 15, 2008, but it could be done only this year. The Department of Posts claims that in Delhi, 36 post offices have undergone complete overhaul in their look and feel as in their core functions and operation. These post offices have been provided with computer hardware and single window service system has been attempted with a view to reduce waiting time for customers. Another 30 post offices are not going to have complete change in their look and feel but their functioning is said to have improved to meet the service norms devised by the department. To improve customer interaction, the post offices employees, particularly the front line staff, have been sensitized and imparted training in soft skills and IT, said the department officials. Raja admitted that the process of modernizing post offices will take time but it is now in the direction in which post offices will be moving for development. "Since there are large number of post offices in the country, including Delhi, we cannot change everything at onces. Plan funds are required and as per availability of funds we could change things in a phased manner. But the gradual change has already begun," said Raja. He said he had recently approved the proposal for setting up of new automatic mail processing centres at Delhi and Kolkata at the cost of Rs 65 crore. New machines will be installed in 10 major cities. The minister has also approved appointment of an IT consultant for India Post for the planning and execution of integrated IT solutions, which will aim to create seamless integration of the postal network. "More than 12,000 post offices in the country have been already computerized. Under the 100 days agenda of the Prime Minister, I have made commitment of behalf of the department for networking of 1,25,000 branch post offices in the rural areas for proving financial as well as state social security schemes," said Raja.

India Posts' Micro Life Insurance policy.

New

Rural Insurance Scheme with out health checkup

People living in rural parts of the country will soon be able to avail insurance cover without being subject to mandatory health check-ups as is the norm for life insurance policies. The Department of Posts is set to launch a major micro life insurance policy which will no more require the insurers to disclose their present health condition or diseases at the time of buying the policy, a move aimed at expanding the coverage in rural India. The proposed insurance scheme, which can be availed by economically weaker sections (EWS) of the society and particularly women, will provide a risk cover up to Rs 25,000, said an official in the ministry of Communication and Information Technology. The aim is to cover around one-tenth of Indians and become one of the potent players in the Indian insurance sector by easing out the procedural formalities that precedes purchase of any life insurance scheme. While the new scheme has been made customer friendly, the postal department will put in place system and process to address the issue of fake claims. To ensure that relaxation over disclosing the insurer’s health condition does not lead to wrong claims, the claimant has to file a death certificate issued by a government doctor on the deceased’s cause of death, the official said. If the medical report says that the insurer was suffering from any ailment that existed prior to the purchase of the insurance policy, the postal department has an option not to honour the insurance claim. The policy premium will vary according to the age of the insuree and the duration of the policy. India Post expects to cover around 100 million Indians by the end of 2011 under the scheme, this policy is assumed to play a major role in attaining this objective. The move is a part of the initiative taken by India post to put a major thrust on its insurance services and have a strong presence in the insurance sector specially in rural areas,” the official added. Eight million lives and a sum of Rs 40,000 crore have been insured, since the launch of rural postal life insurance scheme launched in 1995, under various policies offered by India Post under the rural postal life insurance. The department also plans to align its investment norms for life insurance policies to pump in part of its daily collections in revenue-generating instruments including stocks, a move which is likely to start from October 1, 2009. With a huge presence in the country with around 1.55 lakh post offices, the postal department is slowly developing itself as a centre for distributing diversified services like National Rural Employment Guarantee Scheme (NREGS), life insurance and financial solutions to its customers apart from its mail delivery system.

Achievement of Target to earn Revenue

Achievement of Targets to earn Revenue in the Department of Posts-

Do or Die

Modified ACP issue

1) Modified ACP orders issued vide Dte. no. 4-7/MACPS/2009-PCC dated 18-09-2009
a)TBOP/BCR scheme withdrawn w.e.from 01-09-2008
b)Officials upgraded under TBOP/BCR before 01-09-2008,will be placed in the next higher grade pay under MACP-II and MACP-III after completion of 20/30 years of service. (16+4)/(26+4)

2)DA orders issued by Min. of Finance OM no. 1(6)/2009-E-II(B) dated 18-09-2009

Eurogiro facility in Postal Department

Eurogiro facility in Postal Department

The 'Eurogiro' facility for direct remittance of money worldwide through post offices would be launched in Chennai by October this year, Union IT Minister A Raja said here today.
Preliminary works have been completed and it would be launched in October after testing of the software, he said."Eurogiro will enable people in India send money to their relatives in any part of the world in just one hour", he said, after launching three dedicated India Post Freighter aircraft.Eurogiro is a global network of banks and financial institutions.Raja also said the Department has approved a proposal to set up new automatic mail processing centres at Delhi and Kolkata at a cost of Rs 65 crore. Similar centres at Chennai and Mumbai would soon get state-of-the-art machines, he said.These machines would also be installed at 10 other major cities, Raja said.
(Agencies)

Higher Pay to perform higher duties

Higher Pay for higher duties

In a landmark judgement Hon'ble CAT,Jabalpur pronounced that :

When A Postal employee ordered to perform higher duties even if he is not eligible to hold that post,by a written order is entitled for emoluments of the higher post and if retires while working in that post,he is entitled for pensionary benefits based on emoluments at the time of retirement.

Bonus and DA for Centarl Govt.Employees

POOJA GIFT

Bonus and addl. DA for Central Govt.Employees