Wednesday, July 23, 2014

Gramin Dak Sevaks are not regular Govt. Employees not eligible for PF, Pension Gratuity

Gramin Dak Sevaks are not regular Govt. Employees not eligible for PF, Pension Gratuity: Govt said in Lok Sabha in reply of undermentioned Lok Unstarred Question:-

GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
LOK SABHA

UNSTARRED QUESTION NO 490
ANSWERED ON 14.07.2014
GRAMIN DAK SEWAKS

490 . Shri RAM TAHAL CHOUDHARY
Will the 
Minister of COMMUNICATIONS AND INFORMATION TECHNOLOGY be pleased to state:-

(a) whether the Gramin Dak Sewaks are not eligible for normal facilities like 
Provident Fund, Pension, Gratuity etc. like the other postmen in the country;

(b) if so, 
the details thereof and the reasons therefor; and

(c) the corrective steps taken/being taken by 
the Government in this regard?


ANSWER
THE MINISTER OF COMMUNICATIONS AND INFORMATION TECHNOLOGY & LAW AND JUSTICE (SHRI RAVI SHANKAR PRASAD)

(a) No, Madam, They are not eligible.
(b) Gramin Dak Sevaks are not regular govt. employees. They are part time workers and are governed by a separate set of Conduct and Engagement Rules. They do not form part of the regular civil service. They are engaged for only 3-5 hours daily work. It is mandatory for them to have an independent source of livelihood before being engaged as Gramin Dak Sewak. Hon’ble Supreme Court in the case of Union of India and Others vs. Kameshwar Prasad 1998 SCC (L&S) page 447 held that P&T Extra Departmental Agent (C&S) Rules, 1964 are a complete code governing service, conduct and disciplinary proceedings against Extra Departmental Agents [now called Gramin Dak Sevaks]. On discharge from service on attaining the age of 65 years or on death, Gramin Dak Sevaks [GDS] are paid Ex-Gratia Gratuity and Severance Amount as approved for them by the Cabinet.

The Ex-gratia Gratuity is paid at the rate of half months basic Time Related Continuity Allowance [TRCA] drawn immediately before discharge of service for each completed year of service subject to a maximum of Rs. 60000 or 16.5 months basic TRCA last drawn whichever is less. The minimum service prescribed for this is 10 years. In addition, Severance Amount is paid at the rate of Rs. 1500 for every completed year of service subject to a maximum of Rs. 60000. The Government has already introduced Service Discharge Benefit Scheme in lieu of severance amount scheme effective from 01.04.2011 for the benefit of Gramin Dak Sevaks on the basis of the New Pension Scheme (NPS), specifically NPS Lite Scheme launched by the Pension Fund Regulatory and Development Authority (PFRDA). Under this scheme, the Government as well as Gramin Dak Sevaks concerned now contributes @ Rs. 200/- per month.

(c) Does not arise in view of reply to (b) above.

Monday, July 21, 2014

Introduction of Combined Money Order Form for eMO, iMO and MMTS


PRODDATUR DIVISION (AP Circle) Conference on 20-7-2014



A joint biennial divisional conference of AIPEU Gr.C., AIPEU PM&MTS.,  AIPEU GDS (NFPE) has been held on 20-07-2014 in the premises of Sadhana College, Proddutur under the Presidium of Com.Aswathareddy, Com.Devadanam, Com.Ramachandrareddy, Presidents of the divisional Unions.

Com.P.Pandurangarao, General Secretary, AIPEU GDS (NFPE), Com.D.A.S.V.Prasad, Circle Secretary, AIPEU Gr.C., Com.Ch.Vidyasagar, Circle Secretary, AIPEU PM&MTS/Gr.D & Com.M.Lakshmireddy, veteran leader are invited as chief guests and addressed the conference.

Saturday, July 19, 2014

China's Postal Savings Bank prepare for Initial Public Offering

China's post-office savings bank, with 39,000 branches across the country, is making initial preparations to go public.  Postal Savings Bank of China Ltd., China's seventh-largest bank by assets and perhaps the world's biggest by branches, is seeking strategic investors ahead of a planned multibillion-dollar initial public offering in the next couple of years, people with knowledge of the deal said Tuesday.


























The bank, whose thousands of branches are in post offices dotted around the country, is seeking both foreign and domestic strategic investors as a first step toward listing.

As a key plank of its drive to overhaul its giant state-owned firms, China is pushing to improve the quality of its banking system and make the country's lenders more accountable and transparent. Going public also helps Chinese banks raise funds at a time when the economy is slowing and bad loans have been on the rise.

Like many of the world's postal systems, China's post offices have served depositors who didn't have access to banks, especially in rural areas, but they have also expanded to offer other basic services such as remittances, micro lending, and even wealth management to the system's roughly 430 million customers. Postal Savings branches are everywhere in China, from desolate rural areas to Beijing and the Tibetan capital, Lhasa.

Its branch network exceeds that of Agricultural Bank of China Ltd. which, with 23,000 outlets has the most among the world's publicly traded banks, according to S&P Capital IQ. The postal bank also has many more branches than U.K.-based HSBC Holdings PLC, U.S. banks such as J.P. Morgan Chase & Co. and Citigroup Inc, and Industrial & Commercial Bank of China Ltd.  ICBC, the country's biggest bank by assets, has about 17,000 branches.

Big state-owned Chinese firms often bring in strategic investors in the early stages as they restructure prior to going public. For instance, Chinese debt-clearing agency China Cinda Asset Management Co. brought in investors like UBS AG and Standard Chartered PLC in 2012 before raising US$2.8 billion in a Hong Kong IPO last year.

All of China's biggest banks by assets, other than policy lender China Development Bank Corp., are already listed, so the job of bringing strategic investors into Postal Savings Bank is likely to be coveted by bankers. A so-called beauty parade, in which bankers make pitches for roles in selling a stake, began two weeks ago, one person said.

Postal Savings Bank couldn't immediately be reached for comment. It is unclear how much of the bank will be listed, when a listing will take place, and if it would go public in both Hong Kong and Shanghai.

Established in 2007, Postal Savings Bank had more than 5.57 trillion yuan (US$897 billion) worth of assets as the end of last year, according to its website. Apart from individual savers in cities and rural areas, it also lends and takes deposits from small and medium-size enterprises.
Since the 2008 financial crisis, when the government encouraged banks to expand lending to fuel the economy, Postal Savings Bank has built up a business as a microlender serving low and mid-income customers. China has used microlending as a tool to develop rural areas, and pull them out of poverty.

"I think the Chinese government will continue to encourage microcredit lending by state-owned banks in order to maintain strong credit growth in China," said Matthew Kwok, chief strategist at China Yinsheng Wealth Management Ltd. Chinese financial institutions issued 1.08 trillion yuan in new yuan loans in June, data from the central bank showed Tuesday, up from 870.8 billion yuan in May.

China began overhauling the banking system and opening it up to foreign investors through listings after the country joined the World Trade Organization in 2001.

Bank of Communications Co., the sixth-largest bank, raised US$2 billion in June 2005, while China Construction Bank Corp., the first of the four biggest Chinese banks to go public, raised US$9.2 billion in Hong Kong in October that year. Bank of China Ltd. followed with a US$11.2 billion IPO in May 2006, while ICBC raised $US$21.9 billion via a dual listing in Hong Kong and Shanghai that October. Agricultural Bank of China Ltd. raised US$22.1 billion in 2010 via a Hong Kong-Shanghai IPO, according to Dealogic.

Apart from Postal Savings Bank, Bank of Beijing Co., one of China's largest so-called city commercial banks, is seeking to list in Hong Kong. The state-controlled bank, which is partly owned by Dutch lender ING Bank NV, has hired Goldman Sachs Group Inc. and Morgan Stanley to handle a US$4 billion-plus Hong Kong IPO as soon as next year, people familiar with the matter said in April

A listing by Bank of Beijing would be the fifth by a Chinese bank in the city since October 2013 and would come despite concerns about rising levels of bad debt at China's banks. Past IPOs have struggled and underperformed the broader market, as investors have kept their distance.
Since October, four midsize banks— Harbin Bank Co., China Everbright Bank Co., Bank of Chongqing Co. and Huishang Bank Corp. have raised a combined US$6.3 billion. Shares of three of the banks are trading below their listing prices, while Harbin Bank is flat compared with its IPO price.

Separately, China Cinda Asset Management, which makes its money from buying bad debt, is trading above its IPO price. The company raised US$2.8 billion in November.


Source: The Wall Street Journal (The article was published on 15/07/2014)

Govt. to take disciplinary action and cancel future LTC benifits for fake LTC claims

   Minister of State for Personnel, Public Grievances and Pensions Jitendra Singh while replying to a question at Lok Sabha via written reply informed that any government employee found guilty in preferring a fraudulent LTC claim may be imposed penalty and barred from getting travel allowance for next two or three years.

The minister said "in case of Leave Travel Concession (LTC) if any fraudulent claim is made, the irregularities are looked into in terms of the CCS (LTC) Rules, 1988 and disciplinary proceedings are initiated against the government servant on the charge of preferring a fraudulent claim," 

The minister added "if found guilty, the government servant shall not be allowed the next two or more sets of LTC in addition to the sets already withheld during the pendency of the disciplinary proceedings,".

The Department of Personnel and Training ( DoPT) had received a letter from Central Vigilance Commissioner addressed to Cabinet Secretary regarding irregularities and misuse in availing LTC by the public servants in the central government, its public enterprises and public sector banks, in violation of the guidelines, he said, adding that the matter was being investigated by CBI.

Direct Recruitment of Postman/ Mail Guard-2014


India Post (TELANGANA AND ANDHRA Postal Circle)


Direct Recruitment of Postman/ Mail Guard-2014

The Department of Posts, Ministry of Communications &Information Technology of Government of India inviting applications from eligible candidates of  Telangana  and Andhra Pradesh states for the recruitment of Postman and Mail guard job posts for the vacancies of 2009 to 2012 in Andhra Pradesh postal.

Postman (PM)  379(Total), OC -225, OBC -47, SC – 65, ST – 42

Mail Guard – 31 (Total), OC – 21, OBC – 3, SC – 4, ST – 3

Eligibility criteria and age limit


For applying the Recruitment of Postman and Mail guard central government jobs in Telangana and AP postal circle, candidates should have the educational qualification of SSC/ Matriculation from a recognized Board or University.

Candidate’s age should be between 18 – 27 years as on August 18, 2014(for general and unreserved categories). Candidates belongs to SC/ST/OBC/PH/Ex-Servicemen categories are eligible for age relaxation as per government orders. Upper age limit relaxable for candidates  belonging to Scheduled Castes/Scheduled Tribes up to five years and for candidates belonging to Other Backward Classes up to three years & others in accordance with the instructions issued by the Government of India from time to time). Age relaxation for PH Persons and Ex Servicemen would be as per extant orders of Govt. of India issued from time to time.

Pattern & Syllabus of Examination:

The Applicants shall be subjected to an aptitude test with a total 100 marks covering the following subjects/topics. Aptitude Test will be  comprising following parts [A/B/C (i)/C (ii)].

The total duration of the aptitude test will be 2 hrs (120 minutes). There is no negative marking.
Part 
 Syllabus
A General Knowledge (25 Marks with 25 Questions)
Topic: Indian Geography, Indian Culture & Freedom Struggle, Civics, Indian Economy, General Science, Current Affairs and Reasoning & Analytical Ability of 10th Standard.
B Mathematics (25 Marks with 25 Questions)
Topic : Percentages, Ration & Proportion, Profit & Loss, Simple Interest, Average, Discount, Partnership, Time & Work and Time & Distance
C. (i). English
Topic: Articles, Prepositions, Conjunctions, Tenses, Verbs, Synonyms & Antonyms, Vocabulary and Questions from a small unseen passage.
C (ii). Regional Language (Telugu) [25 Marks with 25 Questions]
 Telugu Grammar and

Selection Process:
The Minimum Qualifying Marks to be obtained in each part of Aptitude Test: -
OC: 10 Marks in each Part & 40 in Aggregate
SC/ST: 8 Marks in each part & 33 in aggregate
OBC: 9 Marks in each part & 38 in aggregate

The Final Merit list shall be prepared on the basis of the aggregate marks obtained by the applicants in the Aptitude Test.

Selection Procedure: Based on the marks obtained in the Aptitude Test, a merit list of qualified candidates will be prepared in each Postal/RMS Division separately. As per the availability of vacancies as notified above, selection will be made in the respective unit based on the merit list among the candidates applied for that particular Division/Unit.

 

How to Apply?


Interested and Eligible candidates have to apply online by visiting website http://www.appost.in. Candidates have to register their applications online carefully by filling instructions.

Important Dates


The starting date for registrations of online applications: July 18, 2014 (00:00 hours)

The last date for registration of applications online: August 18, 2014(23:59 hours)
For all other full details like vacancies, eligibility criteria, online application, application fee etc. candidates have to visit AP Post website http://www.appost.in.

Fee Details: 

Cost of Application form Registration: Rs 100/-

Examination fee: Rs 400/-

The details of amount of fees to be paid by different categories are indicated in the following table:

1. All female candidates (OC/OBC/SC/ST)             Rs.100/-

2. Male candidates (OC/OBC)                                    Rs 500/- (Rs 100+400)

3. Male candidates (SC/ST)                                       Rs.100/-

4. All PH Candidates Both Male and Female             Rs. 100/-
(OC/OBC/SC/ST)

5. Ex servicemen (OC/OBC)                                      Rs.500/-

6. Ex servicemen (SC/ST)                                          Rs.100/-

Date of Examination

The date of examination is tentatively fixed as 24.10.2014 from 10:00 to 12:00 hours.

SALARY STRUCTURE OF POSTMAN AS ON DATE:

Basic pay - Rs.6460

Grade Pay - Rs.2000

Dearness Allowance @ 100% - Rs.8460.00

House Rent Allowance @ 10% (BP+GP) - Rs.846.00

Transport Allowance (Rs.800+100%) - Rs.1600.00

Gross - Rs. 19366

For Model Papers & Quality Material Please Visit:  http://Sapost.blogspot.In/ 


Courtesy :  http://akulapraveen.blogspot.in/

PRESERVATION PERIOD OF POSTAL RECORDS FOR CLEARING DRIVE

PRESERVATION OF POSTAL RECORDS

1.     
1)POST OFFICE ACCOUNT AND SUB ACCOUNT DEPARTMENT


SL
NO
DESCRIPTION OF FORM
FORM NO
PERIOD OF
PRESERVATION
1
H.O. Summery
ACG 1
3 Years
2
H.O. Cash Book
ACG 4
3 Years
3
Treasury Voucher
ACG 14
3 Years
4
Treasury Receipt
ACG 13
3 Years
5
Sub Office Account
PA 17(A)
3 Years
6
Treasury Cash Book
ACG 2
10 Years
7
Treasury Passbook
ACG 8
10 Years
8
S.O. Summery
ACG 3
18 Months
9
B.O. Summery
ACG 3A
18 Months
10
S.O. Daily Account
ACG 22
18 Months
11
S.O. Slip
PA 3
18 Months
12
Remittance Advice & Acknowledgement
ACG 15
18 Months
13
B.O. Daily Account
ACG 22
2 Years
14
B.O. Slip
PA 5
2 Years
15
General Receipt Book
ACG 67
5 Years

2)POSTAL ORDER DEPARTMENT


1
List and Journals of IPO Sold

18 Months
2
Register of IPOs & BPOs in stock

18 Months
3
List of IPOs & BPOs Paid

18 Months

3)MONEY ORDER DEPARTMENT


1
Book of MO Receipts
MO 1

2
Journal of MOs issued
MO 2

3
Register of MOs Received for Payment
MO 3

4
Journal of MOs Paid
MO 4(s)

5
Compilation of MOs Paid
MO 20/23

6
Compilation of daily totals of MOs issued
MO 22

7
TMO Advice
MO 21

8
TMOs Received and conformations


9
Postman’s Book
MS 27

10
Files of cases containing Paid MOs Received from
Audit Office
Files

10
Files of cases containing Paid MOs Received from
Audit Office
Paid MOs

11
List Of MOs Presented in bulk for Booking


12
Records relating to Inward and out ward Foreign
MOs in Exchange Office








4) Registration and Parcel Department



SL
NO
DESCRIPTION OF FORM
FORM NO
PERIOD OF
PRESERVATION
1
Register and Parcel Lists Received and Dispatched

2 Years
2
All other record Except above of Registration and
Parcel Department And Mail Department

1 Years
3
Speed Post Department

6 Months

5)SORTING,DELIVERY,DEPOSIT AND MISC DEPT.


1
Correspondence Register

3 Years
2
Deposit Account
ACG 45
18 Months
3
Letter Postage Account
ACG 44
18 Months
4
Register of Post Box Holders
M 23
3 Years
5
Book of Postmarks
MS 19
18 months
6
Postmaster’s Order Book
Ms 1
3 Years
7
Monthly Statistical Register

3 Years
8
Monthly Statistical Abstract
MS 14
3 Years
9
Record Relating to Identity cards

18 months (after
validity of cards)
10
Nominal Roll
MS 12
10 Years
11
Attendance Register
MS 37
5 Years
12
Enumeration Returns
MS 6
2 Years
13
Post Office Order Book

Permanent
14
Telegram “A” Message

2 months
15
Traffic Book of Telegrams

3 Years


6) Savings Bank Department


1
S.B. Ledger in H.O

Permanent
2
Closed, used up and transferred Ledger cards
(If ledger agreement o.k.)

6 Years
3
S.O. S.B. Journals

Permanent
4
S. O. S. B. Ledgers(after last account closed)

6 Years
5
S.O. RD Journals

6 Years (after Last
entry)
6
Guard File containing letters of Pledging deposits in security account

Permanent
7
Register of undeliverable passbooks

Permanent
8
Special Error Book maintained is S.B. branch

Permanent
9
S.B. P.R.
SB 26
3 YEARS
10
Monthly Statistical Register

3 Years
11
List of Silent accounts

Permanent
12
Application for Duplicate Passbooks

10 Years
13
List of withdrawals above Rs 2500/- by Single
Handed S.O.

1 Year
14
Stock Register of Passbooks

18 Months
15
Index of Ledger Cards
(after closed of all accounts)

6 Years
16
Ledger Cards of Silent Accounts

Permanent
17
Application for Local Transfer of Accounts

2Years
18
Index of P.R.

2 Years
19
S.B. Slips

18 Months
20
Duplicate of A.T.

2 Years
21
Register of A.T.
(after obtaining certificate of no pending)

2 Years
22
Register of Rectification of Interest

3 Years
23
S.B. Voucher List
SB 22
2 Years
24
Objection Register (after rectification of objection)
SB 61
2 Years
25
Register of No of passbooks received for interest

2 Years
26
Duplicate copies of S.B.P.R received from B.O.

18 Months
27
Record Relating to D. D. Cases
(Except indemnity Bond)

3 Years
(after closer of  all cases )
28
Record Relating to D. D. Cases
(Where indemnity Bond Received)

6 Years
(after closer of all cases )
29
Duplicate copies of credit/debit transfer journals

2 Years
30
Register of Collection of Cheques

2 Years
31
Stock Register of S.B. Cheques

2 Years
32
Register of returned Cheques

2 Years
33
Register of sanction of B.O. withdrawals
SB 45
2 Years
34
Register containing Photographs and other
particulars of depositor

3 Years
(After all
accounts closed)
35
Applications for issue of new passbooks in lieu of spoilt ones

3 Years
37
Court attached orders of SB Deposits

2 Years
(After close ofa/c)
38
Applications for issuing of SB Cheque Books

2 Years
(After close of  a/c)
39
Copies of Lists of Collection of Outstation
Cheques

2 years (
Following
financial year)
40
Record relating to collection of Local Cheques

2 Years
41
SB 28 Receipt Books

2 Years
42
Document Lists

2 Years
43
Long Books

2 Years
44
Application for Revival of Silent accounts

2 Years
45
Error Book maintained in connection with the
deposit by auto transfer from S.B. Account to RD Account

5 years
46
Nominal roll of SB Branch

10 years
47
LOT Lists

6 Years after last entry



7)SAVINGS CERTIFICATES


1
Application for cancellation or variation of
Nomination
NC 53
5 Years (after
discharger of
certificate)
2
Register of Nomination
NC 52
5 Years (after
discharger of
certificate)
3
Preliminary Receipt Book
NC 4
3 Years
4
List of Yearly Unsold Certificates

2 Years
5
Provisional Receipts for Savings
Certificates
NC 11
3 Years
6
Counter Foils of Identity slips of
Certificates

18 Months (after
discharge of Certificate)
7
Special error book for Certificates

3 years
8
Monthly Statistical Register

3 Years
10
Journals of Certificates Issued and
Discharged

18 Months
11
Monthly Summaries of Certificates Issued
& Discharged

18 Months
12
Stock Register of Certificates

Permanent
13
Application for Purchase or transfer in lieu
of Duplicate have been issued

6 Years (after
discharge of
Certificate)
14
Journals of Certificates issued
through Authorized Agents

18 Months
15
Ledger for Payment of Authorized Agent’s
commission

3 Years
16
Partly used up AGENT’S RECEIPT BOOK

5 Years

8)ADMINISTRATIVE BRANCH


1
Correspondence Register

3 Years
2
Personal Files

3 Years after
retirement or death

9)OTHER RECORDS


1
Counter foils of Receipts and Daily lists of
Telephone Revenue Collection
Eng 9
2 Years
2
Pension Schedule

3 Years