Saturday, March 21, 2015

Happy Ugaadi



Adi study circle knowledge meet photos

knowledge meet conducted by comAdi. study circle was inagurated by com sivannarayana at guntur collectorate po on 20th March 2015  com vvk suresh was chief guest. many comrades attended 






Tuesday, March 17, 2015

TDS on Recurring Deposit (RD) accounts from June 2015


 As result of new proposal in the Union Budget 2015-16, Banks and Post Offices will have to deduct the 10% of the interest on Recurring Deposits (RD) as TDS from 1st June 2015 onwards.  The TDS will be applicable only if the interest earned on RD accounts exceeds Rs. 10000/- a year.


Interest earned on deposits in cooperative banks has also been brought under TDS.  Earlier there was no TDS for Recurring Deposits in all institutions, only interest on fixed deposits was taken for TDS calculation.

Investors with no taxable income will have to submit Form 15G to avoid TDS on both recurring deposits and fixed deposits. For senior citizens, the requisite form for avoiding TDS is 15H.

The rules for applicability of TDS on interest income from bank deposits have also been changed. Earlier, TDS was applicable if the interest earned on deposits in a particular branch of a bank was more than Rs. 10,000 in a year. Now, the branch restriction has been removed. The total interest on multiple deposits at different branches of the bank would now be considered together for the purpose of calculating TDS.

This new rule will make impact on investors who makes deposits in different branches of a particular bank in order to escape from the TDS.
These new proposal will make impact on the business of the banks and Post Offices who deals with large number of RD accounts.  Because if the TDS is collected from a depositor, he will have include this interest income as part taxable income in his Income Tax returns.  Otherwise mismatch will be happened since the TDS has been linked with his PAN.

Income Tax on such interest on RD accounts would be levied as per the Income Tax Slab Rates of the person receiving the interest. The current income tax slab rates can be divided into the Nil category, 10% category, 20% category and the 30% category.

The person receiving the Interest on RD cannot claim any deduction on the same and tax would be levied on the full interest amount as compared to Interest on Savings Account on which a deduction of Rs. 10,000 is allowed.
 
 

KNOW YOUR POSTMAN ONLINE ... AN INITIATIVE TAKEN BY KERALA POST.

Even in the technologically advanced era people are remembering about Post Offices only because of Postmen.  Postmen are the actual PROs of India Post and they are acting as nerves in the Postal System.  By understanding these facts various Postal circles have started new initiatives to share the details of Postmen.
 
 
 
 
 
 
‘Know your postman’ is an initiative from Kerala Postal circle for sharing the details of Postmen.  For this purpose they have started a new portal under keralapost.in domain.  The portal can be accessed through following url

 
 
Postman search can be made in two ways on this portal one is on the basis of location and other is on Post Office wise.  The name and picture of Postman along with personal contact number and office contact number can be seen in this portal.  The delivery area, beat number and tentative timings of arrival of Postman are also included in this search result.
 
Now, only details of Postmen under Thiruvananthapuram South division, Thiruvananthapuram north division and RMS TV division are available in this portal.
 
Such an attempt was first introduced in Chennai City region of Tamil Nadu circle in order to share the details of Postmen in Head Post Offices under this region.

Know your Postman search result
 
 

New procedure for sale of Philately stamps and its accounting

In order to account the sale of philately stamps separately and to project the same as part of BD revenue, Postal directorate has modified the procedure of accounting of sale of philately stamps.  CEPT, Mysore has done modification in the Meghdoot package according to the new procedure and implemented same through Meghdoot 7.9.2 update.  Following are the new procedures.
  
 
  
 
1.   Till now there is no separate provision (either in Point of Sale OR in Treasury) for sale of Philately Stamps.  The consolidated stamps balance available with Treasurer includes postage stamps and philately stamps.    Similarly, the stamps sale of both postage and philately stamps (all kinds of stamps) is taken together to raise the cash balance of the Treasurer and there is no separate category/head of account for showing in Summary/Cash Book etc.,

2.   Now,  a  Separate  Account  head  'Philatelystamps' is  created  for  the  purpose of incorporating  the  sale  proceeds  of  Philately  Stamps  at  Post  Offices  in  their  Daily account/ HO Summary/Cash Book etc.,

3.  This new head of account will be used by Point of Sale, Sub Accounts and Treasury modules in order to account for the sale proceeds of Philately Stamps into proper head of account.

4.  The modifications have been done in Point of Sale and Treasury modules. The following procedure in Point of Sale and Treasury modules has to be strictly adopted in order to account for the sale proceeds of Philately Stamps:

Modifications in Point of Sale

5.  In Point of Sale module,    Sale of Philately stamps can be done through the option: Operator - Financial - Unclassified Receipt – General. When this option is selected, UCR purpose ‘Philately Stamps - Sale’ will be available to the Operator.   The operator can select this option and account for the sale proceeds of Philately Stamps. Screen shot of the option is as under

6.   In order to facilitate segregation of different categories of philately stamps, provision has been made available to the Point of Sale supervisor to configure different categories such as Stamps on Gandhi, Sachin Tendulkar etc.,    The categories of Philately stamps can be configured by the Supervisor of the Point of Sale module.    All the categories configured by the Supervisor will be available to the operator (as shown in the screen shot at point no.3), while making sale of Philately stamps.

7.  Detailed Philately Stamps sale report (category wise) is available in Point of Sale application through the option:     Operator - Reports - Other Reports -Detailed UCR Reports. 

If the Licenced Stamp Vendor/Point of Sale counter PA is making regular sales of Philately stamps by the way of recoup/ replenishing from Treasurer handing over the Cash, then the amount of Philately stamps sales will be accounted for in the Daily account/ HO Summary directly from treasury itself. Therefore, in such cases, there is no need for entering the amount of Philately Stamps sold at Counter again through POS application.

Modifications in Treasury module
  


8.   Till now there is no separate provision for sale of Philately Stamps.   The consolidated stamps balance available with Treasurer includes postage stamps and philately stamps.  Similarly, the stamps sales of both postage and philately stamps (all kinds of stamps)   is taken together to raise the Cash/Cheque balance of the Treasurer and there is no separate category/head of account for showing amount of Sales in HO Summary/Cash Book etc.

9.   Now, a Separate Account head 'Philatelystamps' under General Receipts is created for the purpose of incorporating the sale proceeds of Philately Stamps at Post Offices in their Daily account/ HO Summary/Cash Book etc.,    New Stamp Category ‘PHILSTAMPS’ is created for the purpose of uniqueness of the philately Stamps category to segregate the sale proceeds.

10.  As there will be already some stock of Philately Stamps which might have been mixed up in Treasury module with either Postage Stamps category/custom created stamps category, entire existing stock has to be first migrated to the newly created Stamps Category.

11. Treasury Supervisor has to configure the existing denominations of Philately Stamps at the PO through the Option Masters—Stamps Denomination as shown below:

12. Afterwards, Treasurer/ Stamps Treasurer who is having the stock of Philately Stamps has to exchange all the existing philately stamps (mixed with Postage stamps OR available in another user defined category like philately etc.,) through the Option Treasurer – Payments—Exchange as a onetime measurer. First Receipts--select Stamps Option with New category of PHILSTAMPS and afterwards Issues with Stamps Option again of existing philately stamps.

13. With the above process, all the existing philately stamps of the PO (mixed with Postage stamps OR available in another user defined category like philately etc.,) will come under the New Stamp Category PHILSTAMPS. There will not be any change in the Total Stamp Balance amount of the Treasurer concerned.

14. Now, Bulk sales of Philately stamps done by Treasurer can be made through the existing option Treasurer –Tools—Stamps Sales with mode of Receipts as Cash/Cheque and Issues as Philately  Stamps  of  available  denomination.  Configuration of Bulk Customers/Stamp Vendors to be done by the supervisor through the existing option Masters—Stamp Vendors.

15. Sale proceeds of Philately stamps will be reflected in the Stamp Balance Report, Stamps

16. In the TCB Report, the amount of Sale of Philately Stamps through Cash/Cheque will be included in the Closing Cash/Cheque balances of the concerned treasurer as per the existing provisions of the application

17. In the daily account / HO Summary, the amount Philately Stamps Sold will be reflected under Receipt Side against the new head of account 'Philatelystamps'.  Since, there is no additional revenue to the Balance of the PO, (As Stamp balance only is converted to Cash/Cheque balance) an additional entry under payment side will be reflected in the HO Summary/ Daily account against the Head of account ‘PhilStampsAdjmt’.

18. The amount of Stamps Sales of other regular Postage Stamps/Revenue/CRF Stamps will continue to be part of Cash/Cheque balance without any adjustment.


19. The procedure prescribed above is only for separate accounting of Philately Stamps sold in Bulk through Treasury application. There is no change in other options of Sales/ supply of stamps to SOs/BOs.

SALE OF AMMU SILVER BAR AT KERALA POST OFFICES




Sale of Ammu silver bar started through selected Post Offices




In  connection with  the  National Games 2015,  India Post in tie-up with  Diamond   India  Ltd (DIL), who  has  been  selected  as the Official  Merchandise Partner  for 35th National Games,  Kerala  2015 started  distribution of commemorative silver  bars  to its customers and general public through selected Post offices in Kerala.
 
The silver bar for National Games will carry the image of the mascot (i.e. Ammu) on one side and National Games Logo on other side.   These silver bars are available in two denominations i.e., 20g and 50g and the sale price is approximately Rs 1400 and Rs 3500 respectively. This price may vary according to the market value of silver.  The bar is assay certified for purity and has come with tamper proof packaging. Kerala Postal Circle will get 6 % commission on the sale price excluding all taxes. The business will be for a short period of two months from 31.01.15 to 31.03.15.
 
 
 

Saturday, March 7, 2015





WOMEN'S DAY CELEBRATIONS IN GUNTUR COLLECTORATE S.O









International Women's Day 2015 Theme: MAKE IT HAPPEN


International Women's Day 2015 Theme: MAKE IT HAPPEN






EXAMINATION OF GDS ISSUES

EXAMINATION OF GDS ISSUES

Department has constituted a committee headed by Shri. DKS .Chauhan CPMG Rajasthan Circle under No.17-103/2007/GDS dated 24-02-15 with the following terms of reference.


a) Examining /Revision of existing provisions for filling up of vacant GDS posts (other   than GDS BPM)


(b) Examination / Review of existing point based system of assessing indigence for compassionate engagement.


The Committee has been allowed a time of one month to submit its recommendations.

BANKING SERVICES IN POST OFFICES -- RAJYA SABHA Q & A

BANKING SERVICES IN POST OFFICES -- RAJYA SABHA Q & A

GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
DEPARTMENT OF POSTS

RAJYA SABHA

UNSTARRED QUESTION NO.533
TO BE ANSWERED ON 27th FEBRUARY, 2015

BANKING SERVICES IN POST OFFICES
†533. SHRI BHUPENDER YADAV:                                                        
Will the Minister of COMMUNICATIONS AND INFORMATION TECHNOLOGY be pleased to state:
(a)       whether Government proposes to entrust banking related services to the Department of Posts;
(b)       whether all post offices in the country would also function as a bank; and
(c)        if so, by when this work is likely to be completed?
ANSWER
THE MINISTER OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
(SHRI RAVI SHANKAR PRASAD)
(a)       Yes Sir. The Department of Posts applied to the Reserve Bank of India for issuance of license for setting up of Payments Bank on 30.01.2015.
(b)       No Sir. The Government does not propose to convert all post offices in the country to function as a bank. However, Department of Posts applied for license for setting up a Payments Bank on 30.01.2015, which may utilize a part of existing resources /infrastructure of the Department.
(c)        Date of completion of the above work will be depended on the decision of the Reserve Bank of India.
************
GOVERNMENT OF INDIA
MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
DEPARTMENT OF POSTS

RAJYA SABHA
UNSTARRED QUESTION NO.547
TO BE ANSWERED ON 27th FEBRUARY, 2015

DEPARTMENT OF POSTS ENTERING INTO BANKING SERVICES

†547. SHRI RAM NATH THAKUR:

Will the Minister of COMMUNICATIONS AND INFORMATION TECHNOLOGY be pleased to state?
(a)       whether Government plans to establish Post Bank of India by converting the wide network of post offices spread across the country into commercial banks, if so, the details thereof;
(b)       whether the Department of Posts had expressed its intention before the Government of entering into banking services in the rural areas during a discussion on the suggestions of a task force constituted on India Post; and
(c)        if so, the details thereof and the action plan made by Government in this regard?
ANSWER
THE MINISTER OF COMMUNICATIONS AND INFORMATION TECHNOLOGY
(SHRI RAVI SHANKAR PRASAD)
(a)      The Government does not propose to convert the wide network of post  offices spread across the country into commercial banks. The proposed Post Bank of India is envisaged as an independent entity.
(b)     During the discussions on the suggestions put forward by task force constituted for leveraging the Post Office Network, the Department of Posts expressed the view that it is ready to enter into the banking space with focus on rural areas.
(c)    Based on a consideration of all relevant aspects, the Department of Posts has submitted an application to Reserve Bank of India seeking License for setting up a Payments Bank as an independent entity.

Tuesday, February 24, 2015

SUKANYA SAMRIDDHI YOJANA ACCOUNT

CADRE RESTRUCTURING AGREEMENT OF GROUP ‘C’ EMPLOYEES.

COM. M.KRISHNAN
EX SECRETARY GENERAL NFPE


DEPARTMENT’S DELAYING TACTICS SHOULD NOT BE ALLOWED. POSTAL JCA SHOULD NOT FAIL IN ITS RESPONSIBILITY.



Cadre Restructuring agreement of the Group ‘C’ employees of the Department of Posts was signed by both the official side and staff side on 28.04.2014 after protracted discussions and hard-bargaining by the leadership of NFPE & FNPO. By 30.04.2015 first anniversary of the signing of the agreement will be over. Even after a lapse of nine months the proposal is still pending in the Postal Directorate. In all other departments like Railways, Income Tax, Central Secretariat etc. cadre.


restructuring is already approved by Government and implemented. Employees got the benefits months back. Postal JCA has included this demand in its charter of demands. The reply given by the Department is really shocking and shameful. After keeping the file in the cold-storage for ten months now the Postal Board says it want six months more time to process the proposal for submission to the DOP&T. Reply given by the Department in the minutes of the strike charter discussion is reproduced below:

“The examination of proposals regarding Cadre Restructuring will be expedited and will be sent to DOP&T within specified period as decided in the JCM meeting (i.e six month from 16.12.2014)”

So, as per the reply, for processing the proposal, the Directorate will take time upto 30.06.2015 i.e. fourteen months from the date of signing of the agreement. It is really shameful. After processing, the proposal is to be submitted to DOP&T for approval. If Postal Board can take 14 months for  processing, DOP&T will definitely take minimum six months. After that approval of Finance and Law Ministry’s are to be obtained. Thus minimum it will take one more year from 30.06.2015. By that time 7th CPC report will be submitted and implemented by Government. Once 7th CPC   recommendations are implemented the entire cadre Restructuring Agreement signed after 6th CPC report will become infructuous and Government will say fresh cadre Restructuring Committee is to be constituted after the 7th CPC. That means all the effort made by the Postal Federations will go in vain. This should not be allowed to happen under any circumstances. Postal JCA Leaders should rise upto the occasion.

All of us know that the cadre Restructuring agreement is a product of continuous struggle conducted by Postal JCA right from 2010 onwards. Postal Board adopted delaying tactics from the very beginning and everytime we countered it with serious agitations including serving of indefinite strike notice and mobilisation of the workers, which compelled the Postal Board to sign the agreement on 28.04.2014. If the agreement is implemented, the promotional chances of Group ‘C’ employees will increase three fold (three times). Further on completion of two years service in the third promotional scale they will get one more promotion i.e. fourth promotion. Every Group ‘C’ employee will be benefited and the long wait for getting more promotional opportunities will be over.

In the above circumstances, we cannot accept the stand taken by the Postal Board in the JCM Departmental council meeting on 16.12.2014 and also in the strike Charter discussion meeting on 05.02.2015. 6th & 7th Central Pay Commissions are given only 18 months time by the  Government for examining the wages and service conditions and giving  recommendations regarding 30 lakhs of Central Govt. employees and about 20 lakhs Defence personnel which includes more than 60 departments and hundreds of various cadres and Pay Commissions are completing their work within the specified time. Here in the Postal department for processing an agreement signed by the Department and staff side 14 months time is being taken, that too not for final orders, but for submitting the proposal to DOP&T!!!. It is an insult to the entire employees who are eagerly waiting for orders. Their hope and aspirations cannot be allowed to be shattered, because of the indifferent attitude of the Postal Board.

Postal JCA leaders should take a firm and uncompromising stand and should demand implementation of the cadre restructuring proposals (not merely processing for submission to DOP&T) before 30.04.2015. Orders are to be issued before 30.04.2015. Otherwise we should go for indefinite strike as already decided by Postal JCA.

It is an agreement signed by the Department and it should not be allowed to lapse automatically after 7th CPC finalizing its report. DOP&T will not allow any cadre restructuring Committee Report constituted after 6th CPC to be implemented after 7th CPC recommendations. Once 7th CPC  recommendations are submitted to Government, DOP&T will simply reject the agreement and advise Postal Board to reconstitute another Cadre Restructuring committee after implementation of 7th CPC recommendations. So let us understand the seriousness of the situation and rise upto the occasion.


Source : http://aipeup3bbsr.blogspot.in/

EXEMPTION FROM PHYSICAL APPEARANCE FOR THE PURPOSE OF LIFE CERTIFICATE



EXEMPTION FROM PHYSICAL APPEARANCE FOR THE PURPOSE OF LIFE CERTIFICATE 
CLICK HERE

REVISION OF CGHS RATES




REVISION OF CGHS RATES click here for orders