1.55 lakh post offices to become access points for the India Post Payments Bank (IPPB)
1.55 lakh post offices to become access points for the India Post Payments Bank (IPPB)
The Department of Posts has installed 976 ATMs which are mostly located in the rural areas of India, union minister Manoj Sinha informed the Lok Sabha.
The minister said that the Department of Posts has set up India Post Payments Bank (IPPB) as a Public Limited Company on August 17, 2016 under the Companies Act 2013, to further the financial inclusion objectives of the government.
The IPPB has launched operations in Raipur (Chattisgarh) and Ranchi (Jharkhand) with 8 access points on January 30, 2017. It is proposed to set up access points co-located with district level post offices in up to 650 districts with linkages to all the post offices throughout the country by September, 2017, subject to feasibility and fulfillment of regulatory requirements.
Thus after complete roll-out, approximately, 1.55 lakh post offices will become access points for the IPPB. Read: India Post launches payments bank Sinha said that IPPB has not installed any ATM, as of now. IPPB has issued 1,619 Debit Cards of which 832 debit Cards have been issued in Jharkhand and 787 debit Cards have been issued in Chattisgarh.
The minister said that many companies have approached the Department of Posts for IPPB which include domestic and international financial entities in the field of banking, insurance, international money transfer, mutual funds etc. Some preliminary discussions had taken place with International Finance Corporation (World Bank); no formal proposal to this effect has been received.
While the department is in various stages of discussions with them, decision on formal partnerships will be taken after carefully evaluating the entire value proposition that they propose for the common man, he said.
AIRF STATEMENT
No.AIRF/24(C) Dated: March 28, 2017
The General Secretaries,
All Affiliated Unions,
Dear Comrades!
Sub: Meeting of Committee on Allowances held today remained inconclusive
Meeting of Committee on Allowances took place on 28th March, 2017, discussion on Allowances remained inconclusive. Issue of House Rent Allowance didn’t come up during meeting.
I met Cabinet Secretary/GOI & urged him for early resolution of pending demands of Railwaymen that includes NPS, early disbursal of Allowances of 7th Pay Commission, Increase in Minimum wages and fitment formula. Issue of MACP was also discussed and removal of the provision of benchmark ‘Very Good’ for MACP, which has been recommended from ‘Good’ to ‘Very Good’ by the 7th Pay Commission, has also been demanded. Though Cabinet Secretary has given positive assurance on our demands yet we need our rank and file to be prepared for persistent struggle.
With Good Wishes!
AGE RELAXATION IN JOB
Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions
29-March-2017 14:23 IST
Age Relaxation in Job
Relaxation of age up to 35 years (up to 40 years for members of Scheduled Castes and Scheduled Tribes) for the widows, divorced women and women judicially separated (JSW) from their husbands who are not re-married, for employment to Group ‘C’ and erstwhile Group ‘D’ post already exists in Department of Personnel & Training’s (DoP&T) Office Memorandum (OM) No. 15012/13/79-Estt (D) dated 19.01.1980. Similar relaxation also exists for Group ‘A’ and Group ‘B’ posts except where recruitment is made through open competitive Examination in DoP&T OM No. 15012/1/87-Estt.(D) dated 05.10.1990. All the above mentioned instructions have been reiterated vide DoP&T OM No. 41034/1/2014-Estt.(D) dated 30.01.2014.
It is incumbent upon all the Ministries/Departments of Government of India to follow the above mentioned instructions.
This was stated by the Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office Dr. Jitendra Singh in a written reply to a question by Shri B. Sriramulu in the Lok Sabha today.
********************
Web-based Pensioners Portal , a Mission Mode Project Under the National e- Governance Plan (NeGP)- Release of Grant-in Aid to 4 newly identified Pensioners Associations for implementation of the objectives of the Portal
More than 2 dozen companies want collaboration with India Post Payments Bank
Press Information Bureau
Government of India
Ministry of Communications & Information Technology
27-March-2017 12:45 IST
Government has said that there are many companies who have approached the Department of Posts for collaboration with India Post Payments Bank. Replying to a question in the Rajya Sabha, the Minister of Communications Shri Manoj Sinha said that while the Department is in various stages of discussions with them, decision on formal partnerships will be taken after carefully evaluating the entire value proposition that they propose for the common man. The India Post Payments Bank had launched its two branches in Raipur (Chhattisgarh) and Ranchi (Jharkhand) on 30/01/2017 with basic products and banking services in partnership with Punjab National Bank.
Shri Sinha also said that the Payments Banks are different from regular Banks in the following fundamental ways as per RBI guidelines for Licensing of Payments Banks:
(i) Payment Banks are not allowed to undertake lending activities directly. It can accept demand deposits only that is savings and current accounts and will initially be restricted to holding a maximum balance of Rs. 100,000(Rupees one lakh only) per individual customer.
(ii) Payment Banks cannot accept Non Resident Indian (NRI) deposits.
(iii) The Payment Banks cannot set up subsidiaries to undertake non banking financial services activities.
A list of companies interested in partnering with India Post Payments Bank is attached at Annexure
Annexure A
List companies keen to partner with India Post Payments Bank.
| |
1
|
YES Bank
|
2
|
Union Bank
|
3
|
Punjab National Bank
|
4
|
IDBI Bank (Industrial Development Bank of India)
|
5
|
SBI (State Bank of India)
|
6
|
Axis
|
7
|
Bank of Baroda
|
8
|
IDFC Bank (Industrial development finance company)
|
9
|
Deutshe Bank
|
10
|
Barclays Bank
|
11
|
Citibank
|
12
|
NABARD (National Bank For Agriculture & Rural Development)
|
13
|
HSBC (Hongkong and Shanghai Banking Corporation)
|
14
|
MICRO SAVE
|
15
|
Allahabad Bank
|
16
|
Indian Overseas Bank
|
17
|
Dena Bank
|
18
|
FIA (Financial Inclusion)
|
19
|
Kotak Mahindra Bank
|
20
|
United Bank of India
|
21
|
HDFC Life (Housing Development Finance Corporation)
|
22
|
Royal Sundaram
|
23
|
PNB Metlife (Punjab National Bank)
|
24
|
ICICI Lombard ( Industrial Credit and Investment Corporation of India Bank)
|
25
|
ICICI Prudential ( Industrial Credit and Investment Corporation of India Bank)
|
26
|
Bajaj Allianz Life
|
Aadhaar Card Can't Be Mandatory For Government's Welfare Schemes: Supreme Court
NEW DELHI: Aadhaar cannot be mandatory for central welfare schemes, the Supreme Court said today, but added that it cannot stop the government from linking the 12-digit identification number to the opening of bank accounts or filing of tax returns.
The government recently made it mandatory for citizens to produce the 12-digit Aadhaar number for benefits under nearly three dozen central schemes including free mid-day meals for schoolchildren. Aadhaar was also made compulsory for scholarships and other schemes for backward castes and the disabled. Aadhaar cards are mandatory for subsidized cooking gas and foodgrains.
The government has said it will enable people to get their biometric identity documents by June 30.
Aadhaar cards will also be needed for filing tax returns - a move that Finance Minister Arun Jaitley says will check tax evasion.
The Supreme Court today said it cannot stop the government from doing so but reiterated its earlier order that Aadhaar cannot be mandatory for people to benefits under official welfare schemes.
Last week, responding to opposition criticism in parliament, Finance Minister Arun Jaitley had said that Aadhaar may soon become the only card required to identify a person, replacing Voter IDs and PAN or Permanent Account Number. He said as many as 98 per cent or 108 crore people have Aadhaar numbers.
The government has said that until all beneficiaries are assigned Aadhaar cards, subsidized foodgrain will be provided on ration cards and Aadhaar enrolment slips or a copy of an applicant's request for Aadhaar enrolment.
The centre has asked states to link Aadhaar numbers with the ration card or with bank accounts for cash transfer of food subsidy.
The use of Aadhaar as the identity document for benefits or subsidies simplifies delivery and helps make the system more transparent and efficient, the government says.
Source : http://www.ndtv.com/
First Cashless Transaction at Madurai HPO
First Cashless Transaction at Madurai HPO
using SBI DEBIT CARD ☺☺
10 most important income-tax changes which will apply from April 1
With the passage of the Finance Bill on Wednesday, the Lok Sabha has completed the budgetary exercise for 2017-18. The tax proposals in the Budget 2017 have now become law. Below are 10 most important income-tax changes that will affect you next month:
1. With a decrease in tax rate from 10 per cent to 5 per cent for total income between Rs 2.5 lakh and Rs 5 lakh, there is tax saving of up to Rs 12,500 per year and Rs 14,806 (including surcharge and cess) for those with income above Rs 1 crore.
2. Tax rebate is reduced to Rs 2,500 from Rs 5,000 per year for taxpayers with income up to Rs 3.5 lakh (earlier Rs 5 lakh). Due to the combined effect of change in tax rate and rebate, an individual with taxable income of Rs 3.5 lakh will now pay tax of 2,575 instead of 5,150 earlier.
3. Surcharge at 10 per cent of tax levied on rich taxpayers, with income between Rs 50 lakh and Rs 1 crore. The rate of surcharge for the super rich, with income above Rs 1 crore, will remain 15 per cent.
4. Holding period for immovable property to be considered "long term" reduced to 2 years from 3. This will ensure immovable property held beyond 2 years is taxed at reduced rate of 20 per cent and eligible for various exemptions on reinvestment.
5. Long term capital gains tax will result in a lower payout owing to beneficial amendments. The base year for indexation of cost (adjustment of inflation) has been shifted to April 1, 2001 from April 1, 1981. This means lower profits on sale.
6. Further, tax exemption will be available on reinvestment of capital gains in notified redeemable bonds (in addition to investment in NHAI and REC bonds).
7. A simple one-page tax return form is to be introduced for individuals with taxable income up to Rs 5 lakh (excluding business income). Those filing returns for the first time in this category will generally not be subject to scrutiny.
8. Delay in filing tax return for 2017-18 will attract penalty of Rs 5,000 if filed by Dec 31, 2018 and Rs 10,000 if filed later. Such fee will be restricted to Rs 1,000 for small taxpayers with income up to Rs 5 lakh.
9. Deduction for first-time investors in listed equity shares or listed units of equity oriented fund under the Rajiv Gandhi Equity Savings Scheme is withdrawn from 2017-18. If an individual has already claimed deduction under this scheme before April 1, 2017, he/she shall be allowed to avail a deduction for the next two years.
10. Time period for revision of tax return cut to one year (from 2 years) from the end of the relevant FY or before completion of assessment, whichever is earlier.
Implementation of creamy layer criteria
Press Information Bureau
Government of India
Ministry of Personnel, Public Grievances & Pensions
23-March-2017 16:20 IST
Implementation of creamy layer criteria
In case of recommendation of name of a candidate by Union Public Service Commission (UPSC) for service allocation, the candidate is considered for allocation to one of those services by the Government for which he has indicated his preference subject to fulfilment of other conditions like Medical fitness, eligibility for availing reservation as per Civil Services Examination Rules and extant instructions on the subject. Further, vacancies reserved for Other Backward Classes (OBC) candidates are filled by the candidates eligible for availing OBC (Non Creamy Layer) reservation.
The Supreme Court of India in the Indra Sawhney judgement referred to ‘creamy’ layer as those sections or identified groups among the backward classes who are excluded from the purview of reservation. Further, the criterion for determining creamy layer amongst OBCs is provided in the Schedule to the OM dated 08.09.1993. For Category VI of the aforesaid Schedule, wherein Income/Wealth Test for determination of creamy layer has been prescribed, the income ceiling is revised from time to time. The current income ceiling for that purpose is Rs 6 Lakh per annum, as stipulated in DoPT OM dated 27.05.2013.
This was stated by the Minister of State in the Ministry of Personnel, Public Grievances and Pensions and Minister of State in the Prime Minister’s Office, Dr. Jitendra Singh in a written reply to a question by Shri Devender Goud T. in the Rajya Sabha today.
Air India LTC 80 Fare as on March 2017 for Central Government Employees
Central Government Employees travelling on LTC will have to purchase only Air India Tickets under LTC 80 Fare
Instructions issued by Govt from time to time envisages that Central Government Employees will have to travel only by Air India by purchasing LTC 80 tickets, when they availAir under Leave Travel concession.
Govt has also issued instructions regarding eligibility for reimbursement of Private Air tickets fare other than Air India LTC 80 Tickets, in certain circumstances such as non-availablity of Air India flights, tickets etc.
The Latest Air India LTC 80 Fare with effect from March 2017 along with Air India’s conditions for booking air tickets under LTC concession.
LTC Concession
Eligibility: | Air India offers LTC in Economy and Business class Indians and their family members traveling on leave.For the purpose of concession, the family includes Spouse, dependent children 12Yrs and above and dependent Parents. They must be employed in the following institutions where leave facility is available: – Central & State Government. – Public Sector Organizations. – Educational Institute recognized / aided by Central / State Governments and / or officiated to any of the Universities / Education Boards. |
Required Documents: | Official ID card. Family members to carry the copy of the same. |
Discount: | Specific HLTC fare in Economy and DLTC in Business class. |
Travel: | Any sector within India. |
Ticket Validity: | 1 Year from date of issue |
Advance Purchase: | Not required. Ticket can be purchased any time |
Children: | Normal discount on the class of travel. No additional discount applies. |
Infant: | (Under 2 years) 1st accompanying Infant – Rs.1000 per coupon, Plus applicable taxes. 2nd and more Infants, no discount permissible. |
Date/Flight change, Cancellation & Refund: | Permitted – Fee applies |
TABLE – IV : LTC Fares
SECTOR & V.V | HLTC (Economy Class) | DLTC (Executive Class) | |
Base Fare | Base Fare | ||
Agartala | Kolkata |
5741
|
12601
|
Agatti | Bengaluru |
10141
| |
Agatti | Kochi |
10421
| |
Agra | Delhi |
7531
|
18476
|
Agra | Khajuraho |
5741
|
11001
|
Agra | Varanasi |
6796
|
15872
|
Ahmedabad | Chennai |
10376
|
33856
|
Ahmedabad | Delhi |
8150
|
22628
|
Ahmedabad | Hyderabad |
9226
|
25124
|
Ahmedabad | Mumbai |
6201
|
18792
|
Aizawl | Imphal |
6316
|
11800
|
Aizawl | Kolkata |
6476
|
13853
|
Allahabad | Delhi |
8391
| |
Allahabad | Kanpur |
7531
| |
Allahabad | Mumbai |
12351
| |
Amritsar | Delhi |
6216
|
18680
|
Amritsar | Mumbai |
13461
|
35400
|
Amritsar | Nanded |
13461
|
35400
|
Aurangabad | Delhi |
10951
|
27552
|
Aurangabad | Mumbai |
6301
|
17880
|
Bagdogra | Delhi |
12666
|
27400
|
Bagdogra | Kolkata |
7286
|
17840
|
Bhatinda | Delhi |
6901
| |
Bengaluru | Chennai |
6551
|
13396
|
Bengaluru | Delhi |
13551
|
39956
|
Bengaluru | Goa |
7001
|
20056
|
Bengaluru | Hubli |
6671
| |
Bengaluru | Hyderabad |
7301
|
21556
|
Bengaluru | Kochi |
6351
|
14032
|
Bengaluru | Kolkata |
13351
|
37072
|
Bengaluru | Mangalore |
6786
| |
Bengaluru | Mumbai |
9001
|
21644
|
Bengaluru | Mysore |
6351
| |
Bengaluru | Pune |
8034
|
21368
|
Bengaluru | Tirupati |
7071
| |
Bengaluru | Trivandrum |
7301
|
16948
|
Bengaluru | Vijayawada |
7101
| |
Bhavnagar | Mumbai |
6786
| |
Bhopal | Delhi |
6651
|
22200
|
Bhopal | Hyderabad |
7900
| |
Bhopal | Indore |
6131
|
12732
|
Bhopal | Jabalpur |
6901
| |
Bhopal | Mumbai |
7206
|
23880
|
Bhopal | Pune |
7101
| |
Bhopal | Raipur |
7180
| |
Bhubaneshwar | Delhi |
11951
|
32813
|
Bhubaneshwar | Mumbai |
12351
|
35108
|
Bhubaneshwar | Port Blair |
14166
| |
Bhubaneshwar | Varanasi |
8550
|
23880
|
Bhuj | Mumbai |
8391
| |
Chandigarh | Delhi |
6151
|
18508
|
Chandigarh | Jammu |
6901
| |
Chandigarh | Leh |
6551
|
14032
|
Chandigarh | Mumbai |
11786
|
35400
|
Chandigarh | Pune |
11786
|
35400
|
Chennai | Coimbatore |
7171
|
17120
|
Chennai | Delhi |
12106
|
39724
|
Chennai | Goa |
8161
|
21052
|
Chennai | Hyderabad |
6301
|
18328
|
Chennai | Kochi |
7101
|
19312
|
Chennai | Kolkata |
11516
|
36144
|
Chennai | Madurai |
6101
|
17012
|
Chennai | Mumbai |
11521
|
27680
|
Chennai | Portblair |
12361
|
33312
|
Chennai | Pune |
10001
|
26752
|
Chennai | Trivandrum |
7451
|
19320
|
Coimbatore | Delhi |
13401
|
41624
|
Coimbatore | Mumbai |
10951
|
27480
|
Dehradun | Delhi |
7071
|
17400
|
Dehli | Dharamsala |
6671
| |
Dehli | Durgapur |
12011
|
33672
|
Delhi | Gaya |
9001
|
23524
|
Delhi | Goa |
12471
|
33260
|
Delhi | Gorakhpur |
7206
| |
Delhi | Guwahati |
13461
|
33904
|
Delhi | Gwalior |
6901
|
12614
|
Delhi | Hyderabad |
11351
|
33960
|
Delhi | Imphal |
12731
|
38000
|
Delhi | Indore |
6701
|
20668
|
Delhi | Jabalpur |
8251
| |
Delhi | Jaipur |
5401
|
17880
|
Delhi | Jammu |
6251
|
18836
|
Delhi | Jodhpur |
7556
|
18940
|
Delhi | Kanpur |
7171
| |
Delhi | Khajuraho |
7501
|
19836
|
Delhi | Kochi |
16001
|
44668
|
Delhi | Kolkata |
12011
|
34600
|
Delhi | Kozhikode |
13701
|
40024
|
Delhi | Kullu |
8151
| |
Delhi | Leh |
7351
|
19872
|
Delhi | Lucknow |
6671
|
18680
|
Delhi | Mangalore |
13551
|
39956
|
Delhi | Mumbai |
11901
|
31360
|
Delhi | Nagpur |
9321
|
22718
|
Delhi | Pantnagar |
6151
| |
Delhi | Patna |
9301
|
23120
|
Delhi | Port Blair |
25166
|
44668
|
Delhi | Pune |
12351
|
36872
|
Delhi | Raipur |
10001
|
27952
|
Delhi | Rajkot |
11251
| |
Delhi | Ranchi |
11761
|
27480
|
Delhi | Srinagar |
8051
|
22364
|
Delhi | Surat |
11251
|
26536
|
Delhi | Tirupati |
12666
|
38000
|
Delhi | Trivandrum |
15806
|
44668
|
Delhi | Udaipur |
7636
|
22680
|
Delhi | Vadodra |
9201
|
25476
|
Delhi | Varanasi |
7531
|
22600
|
Delhi | Vijayawada |
11516
|
33874
|
Delhi | Vishakhapatnam |
13351
|
35876
|
Dibrugarh | Dimapur |
5101
|
11276
|
Dibrugarh | Kolkata |
9551
|
18312
|
Dimapur | Kolkata |
7951
|
16827
|
Diu | Mumbai |
6901
| |
Durgapur | Kolkata |
6253
|
17880
|
Gaya | Kolkata |
6351
|
14550
|
Gaya | Varanasi |
6701
|
12110
|
Goa | Hyderabad |
7101
|
19880
|
Goa | Kochi |
6851
|
19123
|
Goa | Mumbai |
7171
|
17120
|
Goa | Pune |
6386
|
17880
|
Guwahati | Imphal |
6751
|
17880
|
Guwahati | Kolkata |
6926
|
18280
|
Guwahati | Lilabari |
7001
| |
Guwahati | Silchar |
7101
| |
Guwahati | Tezpur |
5951
| |
Gwalior | Mumbai |
10551
|
23946
|
Hubli | Mumbai |
6671
| |
Hyderabad | Jabalpur |
7900
| |
Hyderabad | Kolkata |
12646
|
33340
|
Hyderabad | Mumbai |
7101
|
19696
|
Hyderabad | Pune |
7081
|
18912
|
Hyderabad | Tirupati |
6506
|
17880
|
Hyderabad | Varanasi |
11761
|
27456
|
Hyderabad | Vijayawada |
6901
|
17880
|
Hyderabad | Vishakhapatnam |
6796
|
17880
|
Imphal | Kolkata |
6131
|
14480
|
Indore | Mumbai |
6331
|
17128
|
Jaipur | Mumbai |
10001
|
24316
|
Jaipur | Jodhpur |
7031
|
16280
|
Jammu | Leh |
6736
|
17880
|
Jammu | Srinagar |
6253
|
17880
|
Jamnagar | Mumbai |
7031
|
16280
|
Jodhpur | Mumbai |
9836
|
24180
|
Khajuraho | Varanasi |
6786
|
19480
|
Kochi | Mumbai |
11351
|
28068
|
Kochi | Trivandrum |
6151
|
10804
|
Kolkata | Lilabari |
9950
| |
Kolkata | Mumbai |
12136
|
38000
|
Kolkata | Port Blair |
14021
|
33708
|
Kolkata | Ranchi |
6386
| |
Kolkata | Shillong |
7331
| |
Kolkata | Silchar |
6851
|
14228
|
Kolkata | Tezpur |
7001
| |
Kozhikode | Mumbai |
11250
|
29536
|
Leh | Srinagar |
6453
|
17880
|
Lucknow | Mumbai |
11001
|
33340
|
Madurai | Mumbai |
10801
|
30284
|
Mangalore | Mumbai |
7936
|
20552
|
Mumbai | Nagpur |
6851
|
19892
|
Mumbai | Raipur |
11650
|
26396
|
Mumbai | Rajkot |
7131
|
17880
|
Mumbai | Ranchi |
12701
|
34160
|
Mumbai | Surat |
6151
| |
Mumbai | Trivandrum |
13151
|
30552
|
Mumbai | Udaipur |
6636
|
22280
|
Mumbai | Varanasi |
12646
|
31221
|
Mumbai | Vishakhapatnam |
12051
|
30016
|
Port Blair | Vishakhapatnam |
12646
|
29621
|
Pune | Raipur |
9301
| |
Raipur | Nagpur |
7031
|
16280
|
Raipur | Vishakhapatnam |
6101
|
15999
|
Silchar | Tezpur |
5951
| |
Vijayawada | Vishakhapatnam |
6901
|
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