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India Post Applies for Bank License

MUMBAI: With the Reserve Bank of India's deadline for applying for a bank licence fast approaching, the number of companies that have joined the list is rising. IndiaInfoline, Bajaj Finserv and the India Post are among the recent entities that have joined the ranks of licence seekers. 


"Bajaj Finserv Ltd has submitted its application to Reserve Bank of India on June 26, 2013 for a Licence to commence banking business in terms of section 22 of the Banking Companies Act, 1949. It is proposed to do this by converting its subsidiary Bajaj Finance Ltd into a Bank in terms of RBI Guidelines for Licensing of New Banks in the Private Sector dated February 22, 2013" the company said in a statement. 


Although the postal department has been expressing its ambitions to float a bank for long, RBI would have to create a special dispensation for India Post as it does not fit into several of the criteria prescribed by the central bank. Besides the prescribed norms, the postal department would face a huge challenge in putting in place a core banking solution that would facilitate a centralized view of all its accounts. However, there are many who feel that the postal department is ideally suited to spread RBI's objectives of financial inclusion. The department already mobilizes small investments through the postal saving scheme and it has a network that is larger than any bank. 



IFCI, Bajaj Finserv, India Infoline would join a host of other entities like Religare Enterprises,Aditya Birla group, JM Financial and Srei, which have lined up plans to foray into the banking sector.

Promotion cannot be withheld because of the mere pendency of investigation: CAT Order

Promotion cannot be withheld because of the mere pendency of investigation, rules CAT: The Hindu

The Central Administrative Tribunal, Madras Bench, has ruled that promotion cannot be withheld because of the mere pendency of investigation and directed the Defence Ministry to promote an Indian Ordnance Factories Service (IOFS) officer within 45 days.

Disposing of an application filed by M. Ravi, a 1975 batch officer, the Bench, comprising members B. Venkateswara Rao and Naresh Gupta, held that the defence authorities had erred in withholding his promotion without valid reason. The Bench also said, “No charge sheet has been issued to the applicant. The promotion was withheld merely on the ground of pendency of criminal investigation by the CBI.”

Mr. Ravi is presently working as Senior Deputy Director of General, Armoured Vehicles Factory, Avadi.


He contended that he served in various capacities in other factories. The Departmental Promotion Committee (DPC) convened in January 2012 and 2013 recommended his name along with S.K. Gupta and B.N. Singh for promotion to Appointments Committee of the Cabinet (ACC) for its final approval.



He was not promoted on the ground of a criminal investigation by CBI pending against him. The investigation was a result of an alleged irregularity that took place when he was working at ordnance factory, Medak, between 1999 and 2005.


In an application before CAT, he also sought a direction to the defence authorities to promote him. He also contended that the promotion had been withheld because of ‘long pending’ investigation but there was no disciplinary action of any kind initiated against him. Hence, Mr. Ravi said that the authorities postponed the promotion indefinitely.


The defence authorities contended that six vacancies arose in the level of member to the Ordnance Factory Board.


In fact, the recommendation of DPC should be approved by Appointments Committee of the Cabinet (ACC) for effecting promotion. Along with others, the candidature of Mr. Ravi was also considered. In view of the investigation by the CBI with respect to him, the ACC accorded its approval to others and directed the Defence Ministry to resubmit the proposal for promotion of Mr. Ravi after completion of the ongoing investigation.


The Tribunal also pointed out that a draft charge sheet which did not fructify into regular charge sheet and that should not be a ground for withholding promotion. The Tribunal added, “Unless a regular charge sheet is issued, no disciplinary action can be initiated against the officer of the government and no promotion can be withheld by the mere pendency of investigation.”


via : http://karnmk.blogspot.in/

CADRE RESTRUCTURING OF INCOME TAX DEPARTMENT – CONSTITUTION OF THE CORE COMMITTEE FOR IMPLEMENTATION

CADRE RESTRUCTURING OF INCOME TAX DEPARTMENT – CONSTITUTION OF THE CORE COMMITTEE FOR IMPLEMENTATION

GOVERNMENT OF INDIA
CENTRAL BOARD OF DIRECT TAXES
DIRECTORATE OF INCOME TAX
(HUMAN RESOURCE DEVELOPMENT)
ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II,
New Delhi — 110070
F. No. HRD/CM/102/3/2009-10/(Pt)/963
Dated 19th June, 2013
Office Order
Sub:- Implementation of the Cadre Restructuring of Income Tax Department : Constitution of the Core Committee
1. Restructuring proposal of the Income-tax Department has been approved by Government on 23.05.2013 for the creation of a total 20,751 additional posts, and various measures to increase the effectiveness of the Department.
2. The steps required to be taken to implement the Cadre Restructuring have been considered by theBoard and it has been decided that its roll-out needs to be carried out in a planned and time-bound manner. It has therefore been decided to constitute a Core Committee as detailed in Para 6 to facilitate the implementation of the Cadre Restructuring.
3. The Board has also decided to Constitute various other Sub-committees, consisting of representatives from CCAs, field formations and other stakeholders that would undertake the task of analyzing the issues and data, preparing roadmaps as well as assisting in the implementation of the various components of the Cadre Restructuring. The tasks for the Sub-committees would include ensuring modalities for earliest implementation for items such as promotion/recruitment at various levels, conducting DPCs/up-gradations, considering operational/functional/jurisdiction issues for allocation of posts in different regions, restructuring/establishment of Directorates, required amendments in RRs and the creation of necessary infrastructure required for the posts.
4. The Core Committee would be responsible for the overall implementation of the Department’s restructuring. It would process the constitution/approval of the Sub-committees, co-ordinate efforts of all the Sub-committees, keep the CBDT abreast of all the developments; seek necessaryclearances/approvals, wherever required, and assist the Sub-committees in their functions including seeking intervention wherever required to ensure that the work of the Sub-committees remains on schedule.
5. It would also be directly responsible for facilitating/ ensuring the DPC for grant of Apex grade to CCsIT, submission of analyses and reports to the CBDT; making recommendations on policy issueswith regard to promotions/upgradations and inductions at various levels in consultation with the Sub-committees as may be required.
6. The Core Committee as detailed below, is accordingly constituted with the approval of Competent Authority:-
Sr.
No.
Name
Designation
1
Sh. T. Jena
DGIT
Chairman
2
Smt. Archana Ranj an
CCIT
Member
3
Sh. Krishna Saini
CIT
Member
4
Sh. Binay K Jha
DIT
Member
Smt. Pragya Saxena
J. S.
Member
6
Sh. Amitabh Kumar
DIT
Member
7
Sh. Manoj Joshi
DIT
Member
8
Sh. R R Singh
DIT
Member
9
Sh Debjyoti Das
DIT
Member
10
Smt. Swati Joshi
Addl. DIT
Member Secretary
7. The Chairman of the Committee may
i.Co-opt more Members, if required, for specialist inputs or to make the consultations broad based and inclusive.
ii.Constitute further sub-committees, if required, for examining various issues, for providing material that may assist the Core Committee in its work
8. The Headquarters of the Committee shall be at New Delhi in the Directorate of HRD, which shall function as its Secretariat and shall provide:
i. All necessary coordination and secretarial support, and assistance to the Core Committee, and Sub-committees for their functioning
ii.  Arrange for, collect, obtain and provide feedback, data, information analysis and any other specialist or specific inputs that may be material to and necessary for carrying out its functions.
9. The Committee shall carry out weekly review of the progress of its work and shall periodically brief the CBDT on the status thereof.
sd/-
( Sanjay Gosain)

Deputy Director of Income tax (HRD)

Army launches website on uttarakhand rescue - suryahopes.in


For the benefit of all the flood affected people, Central Command launched an exclusive website today. The site “suryahopes.in”gives minute to minute update on Army operations across Uttarakhand, location wise data of people stranded at various places, list of rescued persons, helpline numbers, latest news about flood victims and provides links to Uttarakhand government web site and google sites giving information on flood affected people. The website is being updated as and when the information is available. The data link is also duplicated on www.indianarmy.gov.in

Earlier in the day, Army Engineers moved swiftly and constructed a steel bridge across Alaknanda at Lambagar. The Engineers constructed the bridge throughout the night in inclement weather conditions to ensure that the bridge was ready for use by pilgrims evacuating by foot from Badrinath.
Evacuation from both Harsil and Badrinath continued throughout the day. 500 people have been evacuated from Harsil by air and 800 people have been evacuated from Badrinath till now. 375 of them have moved on foot. Approximately 450 are still awaiting evacuation from Harsil and approximately 3000 are waiting for their turn at Badrinath.
Army search operations in Jungle Chatti continued for the third day. No stranded pilgrims were found in this area for third consecutive day.
Veterniary medical aid team treated more than 100 animals today on Hemkund axis. The animals got stranded following washing away of bridge at Govind Ghat. Besides, two Army psychiatrists interacted with stranded pilgrims and provided them professional counselling.
Army has so far evacuated more than 33,000 people since 17 June. 25,000 of them by foot alone while 8000 were moved out by helicopter. 13 Army Aviation aircraft conducted 600 sorties to evacuate 2715 people and ferry 24 tons of food, fuel, medicines, blankets and relief material to the people.

How to Verify PAN Card Holder Details i.e. Name and Jurisdication

To Verify Pan Card Holder Details i.e. Name of Pan Card Holder and Jurisdiction Details


2. Enter Captcha Code i.e. Enter the number as in image
3. Click on Submit

You will Get details of Pan Card Holder .


Courtesy : http://foreignpostmumbai.blogspot.in/

SECRETARY, POSTS, ORDERED FILLING UP OF ALL GDS BPM POSTS IMMEDIATELY



SECRETARY, POSTS, ORDERED FILLING UP OF ALL GDS BPM POSTS IMMEDIATELY under RURAL ICT PROJECT





POSTAL ACCOUNTS CADRE RESTRUCTURING PROPOSAL ACCEPTED BY POSTAL BOARD

POSTAL ACCOUNTS CADRE RESTRUCTURING PROPOSAL ACCEPTED BY POSTAL BOARD


WITH THE CONSTANT PERSUASION AND FOLLOW UP BY AIPAEA AND UNSTINTING SUPPORT FROM NFPE, FINALLY THE SECRETARY, DEPARTMENT OF POSTS HAS APPROVED THE CADRE RESTRUCTURING RECOMMENDATIONS RELATING TO POSTAL ACCOUNTS. THE FILE IS BEING PROCESSED TO SEND IT TO THE NODAL MINISTRY, DOP&T FOR FURTHER NECESSARY ACTION. 

AIPAEA CONVEY ITS THANKS TO THE SECRETARY POSTS, JS&FA, DDG (PAF) AND OTHER OFFICERS IN THE DIRECTORATE.

THIS RESTRUCTURING WILL BENEFIT THE SORTERS AND LDCs OF PAOS AS THEY WILL GET THE GRADE PAY OF Rs. 2400/- AND CHANGE IN THE DESIGNATION AS ' ACCOUNTS ASSISTANT'. (SUBJECT TO APPROVAL OF GOVERNMENT)

THE RESTRUCTURING OF JA, SA AND AAO IS UNDER PERSUASION AT THE LEVEL OF AUDIT AND ACCOUNTS JAC.

AIPAEA IS AWARE OF THE FACT THAT WE HAVE TO GO MILES TO TURN THIS PROPOSAL INTO REALITY. AIPAEA IS CONFIDENT OF ACHIEVING THIS WITH THE HELP OF NFPE AND CONFEDERATION. 

THANKS TO THE NFPE LEADERSHIP.

AIPAEA ZINDABAD !                                                                                NFPE ZINDABAD !!

APPEAL TO ALL CENTRAL GOVT EMPLOYEES



Uttarakhand tragedy
confederation appeals to all central govt. employees to donate one day wages to prime minister’s relief fund


హిమాలయాల చారుధామ్ యాత్రలో జరిగిన కనివినీ యెరుగని ప్రకృతి విళయం లో సర్వం పోగొట్టుకొన్న భాధితుల కొరకు  కేంద్ర ప్రభుత్వ ఉద్యోగులందరూ తమ ఒక రోజు జీతం ను ప్రధానమంత్రి సహాయ నిధి కి విరాళం గ ఇవ్వవలసినదిగా "కేంద్ర ప్రభుత్వ ఉద్యోగుల సమాఖ్య " విజ్ఞప్తి చేస్తుంది .

ఆపత్కాలంలో దేవుడిలా కాపాడి , అన్న పానీయాలు సమకూర్చిన భారత జవాన్ లకు ఈ దేశ ప్రజలు ఎల్లవేళల కృతఙ్ఞతలు తెలియ చేస్తారు

PA/SA DIRECT RECRUIT RESULTS

PA/SA DIRECT RECRUITMENT RESULT

It is informed that the circle wise final result of PA/SA direct recruitment exam will be announced during the period from 1st August to 30th September 2013. Valuation of exam papers already over and Hall permit for computer test will be issued shortly. It is proposed to have online computer test for the selected candidates. About 14 lakhs candidates appeared in the exam for PA for the vacancies around 5100.

M. Krishnan

General Secretary

90% DA from July 2013 expectations of AICPIN

According the press release the All-India CPI-IW for April, 2013 rose by 2 points and pegged at 226 (two hundred and twenty six).  This two point increase confirmed 10% increase in Dearness Allowance from July, 2013 as already expected on this site click here to see.  Therefore DA from July, 2013 will be 90% and will be announced in September or October in this year.  It is also more clear from following table:-
Expect-
ation
Increase/
Decrease
Index
Month
Base 
Year
2001
= 100
Total 
of 12
Months
Twelve 
monthly
Average
% increase 
over 115.76
for   DA
DA 
announced
or will be
announced
1
Nov-12
218
2490
207.50
79.25%
80%
1
Dec-12
219
2512
209.33
80.83%
2
Jan-13
221
2535
211.25
82.49%
82%
2
Feb-13
223
2559
213.25
84.22%
84%
1
Mar-13
224
2582
215.17
85.87%
85%
2
Apr-13
226
2603
216.92
87.38%
87%
First
1
May-13
227
2624
218.67
88.90%
88%
1
Jun-13
228
2644
220.33
90.34%
90%
Jul-13
Expected DA from July-2013
90%
Second
2
May-13
228
2625
218.75
88.97%
88%
2
Jun-13
230
2647
220.58
90.55%
90%
Jul-13
Expected DA from July-2013
90%
Third
0
May-13
226
2623
218.58
88.82%
88%
0
Jun-13
226
2641
220.08
90.12%
90%
Jul-13
Expected DA from July-2013
90%

PIB Release of CPI-IW
Press Information Bureau
Government of India
Ministry of Labour & Employment
31-May-2013 18:07 IST
Consumer Price Index Numbers for Industrial Workers (CPI-IW) April 2013

                According to a press release issued today by the Labour Bureau, Ministry of Labour & Employment the All-India CPI-IW for April, 2013 rose by 2 point and pegged at 226 (two hundred and twenty six). On 1-month percentage change, it increased by 0.89 per cent between March and April  compared with 1.99 per cent between the same two months a year ago.

                The largest upward contribution to the change in current index came from Food group which increased by 2.08 per cent, contributing 2.07 percentage points to the total change. This was followed by Fuel & Light group with 0.91 percent increase contributing 0.12 percentagepoints to the change.  At item level, largest upward pressure came from Rice, Wheat & Wheat Atta, Arhar Dal, Milk (Cow), Ginger, Root & Green Non-leafy vegetables, Tea Leaf, Tea (Readymade), Snack Saltish, Cigaratte, Electricity Charges, Medicine (Allopathic) etc. However, this was  compensated by Mustard Oil and Petrol putting downward pressure on the index.

                The year-on-year inflation measured by monthly CPI-IW stood at 10.24 per cent for April, 2013 as compared to 11.44 per cent for the previous month and 10.22  per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 12.39 per cent against 13.21 per cent of the previous month and 10.66 per cent during the corresponding month of the previous year.

                At centre level, Mysore recorded the largest increase of 13 points followed by Giridih, Bengaluru  and Puducherry (8 points each) and Darjeeling (7 points). Among others, 6 points rise was registered in 6 centres, 5 points in 2 centres, 4 points in 7 centres, 3 points in 15 centres, 2 points in 17 centres and  and 1 point in 13 centres. On the contrary, a decline of 4 points was reported in  Godavarikhani, 2 points in 4 centres and 1 point in one centre. Rest of the  7 centres’ indices remained stationary.

                The indices of 40 centres are above All-India Index and other 35 centres’ indices are below national average. The index of  Chandigarh, Haldia and Ahmedabad centres remained at par with all-India index.

                The next index of CPI-IW for the month of May, 2013 will be released on Friday, 28 June, 2013. The same will also be available on the office website www.labourbureau.gov.in.
*****

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