Wednesday, October 7, 2015

IGNOU offers free courses to Central Govt Employees

The central government employees keen to pursue higher studies will now be able to do so from Indira Gandhi National Open University (IGNOU) and that too, free of cost. IGNOU has devised a special course for them called -- Distance and E-Learning Programmes for Government Employees (DELPGE). The programme is open only to Central employees, working in ministries, departments and attached offices.

Coordinator of IGNOU study centre in Jamshedpur, Vijay Kumar ‘Piyush’ said these courses would help enhance central government employees’ performance skill. IGNOU will offer 140 courses, including - Certificate Courses, Advance Certificate, PG Certificate, Masters, Post-Graduation Diploma, Advance Diploma, Diploma and Select/specialized module.

The number of seats in each programme would, however, be limited to 50 and offered on a first-come-first-served basis, he said, adding the course would begin from January 2016.

The employees enrolled under this programme would have to pay the fees to IGNOU, which would later get reimbursed on his/her successful completion of the course. However, those failing to complete the course in the given time limit and with the minimum qualifying grades would not be eligible for any reimbursement.

Reimbursement for the Masters programme would be available to an employee only once. Each government employee would be allowed to enroll for only one programme at a time.

Source :

Payment of D A to GDS at revised rates w.e.f. 01.07.2015 onwards - reg

The Government Is Likely To Register The Postal Bank By The End Of The Year

The government is likely to register the postal bank by the end of the year while a pilot for payment services will be launched around January 2017.

Postal Bank

According to sources, as per the timeline for setting up postal bank, approval from NITI Aayog will be secured by mid-October followed by public investment board's nod by October-end and Cabinet approval in November.

"The registration for postal bank is planned be done in December and a pilot will be launched in January 2017," said an official in the Communications and IT Ministry.

He said the bank will be an independent company with initial corpus of Rs 300 crore and the new entity will enter into revenue sharing model with the Department of Posts (DoP).

The Reserve Bank had granted in-principle approval to 11 applicants, including DoP, in August to set up payments banks.

As per RBI guidelines, payments banks would offer a limited range of products such as demand deposits and remittances. They will not be allowed to undertake lending activities and will initially be restricted to holding a maximum balance of Rs 1 lakh per individual customer.

They will be allowed to issue ATM or debit cards as also other prepaid payment instruments, but not credit cards.

Tuesday, October 6, 2015

Bonus Issues

The word ‘Bonus’ continues to powerfully attract the employee communities.
Given once every year, bonus or honorarium could sometimes be even bigger than the monthly salaries.

But Central Government employees are given only small amounts as bonuses each year. With the highest prescribed ceiling limit fixed at Rs.3500, the bonus is calculated based on the number of days announced.

Last year, Railway employees were given bonuses of 78 days, employees of the postal department received 60 days’ bonus. Civilian employees of the defence were given a bonus of 40 days.

Employees of the public and private sectors wrongly assume that 60 days bonus implies tow months’ salary.

In simple terms, a 30 days bonus indicates a sum of Rs.3500 approximately. 60 days bonus implies that the worker will be given Rs.7000. in case of 75 days’ bonus, the worker makes Rs.8750. The amount is equal to one-fifth the salary of the employee.

In 2007, the calculation ceiling of bonus was increased from Rs.2500 to Rs.3500pm , and the eligibility limit for bonus was raised from Rs.3500 to Rs.10,000 pm. For a number of years, all federation of Central Government employees have been demanding that the calculation ceiling limit be raised from Rs.3500. You can see its impact on all the ‘Charter of Demands‘ presented by the federations to the government.

Recently, the Government requested the trade unions to withdraw their September 2 strike notice. During the negotiations that were held between the ministers and the trade union representatives, it was reported that the Government had accepted to raise the bonus ceiling limit from Rs.3500 to Rs.7000. Sources also said that the eligibility of bonus was raised from Rs.10,000 to Rs.20,000. But, no announcements in this regard were made by the Government.

Saturday, October 3, 2015

National Joint Council of Action decided to defer the Indefinite Strike from 23rd November 2015

Rate cut: Government to take a fresh look at small savings interest

The government has decided to review the small savings rates, which remain sticky at 8.4-8.5%, limiting banks' ability to lower deposit rates and slowing down the transmission of Reserve Bank of India's softer monetary policy decisions.

"It has been decided that with regard to the transmission of the rates, the government will undertake a review of the small savings rate also," economic affairs secretary Shaktikanta Das said."Small savings is a decision the government has taken in response to the policy rate announced by the RBI," he said.

The decision to cut small savings rates is a tricky one since no ruling party wishes to become unpopular to the vote bank they depend upon. However, lowering of the small savings rates is directly linked to the rates at which companies borrow from banks. "There is no time limit. We will do it in due course," finance minister Arun Jaitley said. RBI governor Raghuram Rajan surprised all by a 50 basis points repo rate reduction but doubts prevail on how banks across the spectrum transmit the easy policy rate into lowering of lending rates unless they manage to soften deposit rates. RBI has reduced repo rates by 125 bps since January, yet the transmission of the rate cuts into the real economy has been relatively weak.

Rajan indicated that there would be a shift in focus from policy rates to greater transmission of these rates. Banks reduced deposit rates aggressively over the last three quarters with some lowering term deposit rates by 50-75 bps but matching cuts in lending rates come with a lag. But they have time and again whined that high interest rates on small savings such as public provident fund or post office monthly income schemes are stopping them from lowering deposit rates beyond a point and this inability prevents them from making loans cheaper.

Senior citizens get 9.3% from post offices, 100-130 bps higher than what they get from most state-run banks. "A major part of small savings comes from the risk averse segments and for them it is the means of subsistence. It (lowering small savings rate) is easier said than done," said India Ratings managing director Ananda Bhowmik. "So, the transmission of policy rate will continue to be an issue. Historically, monetary transmission remains limited to 25-40% of policy rate cuts. It may increase a bit but not beyond 50% due to the structural bottlenecks," he said. The country's largest bank, State Bank of India, cut deposit rates by 25 bps across maturities effective from October 5.

Its medium-term deposit rate is 7.75% at present while small savers enjoy 8.4% rate for deposits below five years from post offices and for the popular monthly income scheme. Public provident fund offers 8.7% rate a year.

Source : The Economic Times

Mysuru postal division in Karnataka gets integrated system for services

Customers will get delivery status of their posts or parcels on their mobile phones or can track status online.— PHOTO: M.A. SRIRAM


Mysuru is all set to become the first postal division in the country to adopt a common system for various postal services, integrating all software solutions introduced under a core banking network.

From Thursday, customers need not wait at a particular counter for a particular service, as every counter will be able to provide all the services available at the post office.

A team of professionals from Tata Consultancy Services (TCS) on Wednesday took up the task of integrating the solutions into a common system. Postal services across the division, covering 65 post offices and 202 branches, remained suspended to facilitate the work.

The team, with the support from the Department of Posts, spent over six months to accomplish the task.

Shivaiah, Senior Superintendent of Post Offices, Mysuru division told The Hindu that Mysuru was selected for the pilot project considering previous ‘models’ successfully introduced here, for improving customer service.

“The integration work is underway and the common system will be ready for operations from Thursday. With this, Mysuru division will become the first postal division in the country to introduce this improved service,” he said.

Barring Nanjangud and T. Narsipur (which are part of Chamarajnagar postal division), the remaining taluks in the district – Mysuru city, Mysuru taluk, K R Nagar, H D Kote, Periyapatna, and Hunsur – come under Mysuru division.

Mr. Shivaiah said software had been developed for various services such as postal life insurance, postal savings account, recurring deposits and so on. Recently, core banking system had been introduced for the convenience of customers.

The officer said customers sometimes had to wait for their turn to avail services at a particular counter even though the next counter was free. However, with the integration of various software solutions and bringing them under a unified system, customers can avail any postal service from any counter, he explained.

Importantly, customers will get delivery status of their posts or parcels on their mobile phones or can track status online. All data will be stored at the central server in Mumbai.

After the integration of software solutions, the company professionals would provide post-implementation service, assisting the employees to trouble shoot any problem, Mr. Shivaiah added.

Mysuru division can become a model for other postal divisions across the country for replicating the common customer service system in the coming months.

Mysuru division will become the first postal division in the country to introduce this improved service.

Friday, October 2, 2015

com.CH.Veera Raghavulu, PA,Kothapet S.O. has passed away

com.CH.Veera Raghavulu, PA,Kothapet S.O. has passed away suddenly due to heart attack on 02/10/2015. NFPE Guntur Extends Its condolences to His Family...

Thursday, October 1, 2015


As per reliable sources, Election Commission has given it's nod for issuing ordinance on "Payment of Bonus Act"

Now the matter will go to cabinet and after it's approval, necessary ordinance will be notified soon.
Earlier Govt. decided to raise the ceiling of Rs 3500/- per month to Rs 7,000/- per month.


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.


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

Tuesday, September 29, 2015