13 February 2017

Additional charge of the post of Senior DDG (IR&GB), Postal Directorate

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Appointment of interim MD & CEO of the India Post Payments Bank.

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Lok Sabha Question & Answer : Maternity Leave

GOVERNMENT OF INDIA
MINISTRY OF LABOUR AND EMPLOYMENT
LOK SABHA
UNSTARRED QUESTION NO. 672

TO BE ANSWERED ON 06.02.2017

MATERNITY LEAVE

672. DR. SHASHI THAROOR:

Will the Minister of LABOUR AND EMPLOYMENT be pleased to state:

(a) whether the Government proposes to extend the time span of the compulsory paid maternity leave from 12 weeks to 26 weeks in private organizations;

(b) if so, the details thereof;

(c) whether the Government also proposes to amend section 4 of the Maternity Benefits Act, 1961, to ensure that women employed in various public sector undertakings receive the same benefit; and

(d) if so, the details thereof and if not, the reasons there for?


ANSWER

MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI BANDARU DATTATREYA)

(a) & (b): Yes, Madam. The Government has decided to enhance the paid maternity leave from existing 12 weeks to 26 weeks and an Amendment Bill in this regard was introduced in the Rajya Sabha. The Rajya Sabha has already passed the Bill on 11.08.2016. With regard to women workers covered under Employees’ State Insurance Act, 1948, such enhancement has already been effected by amending the ESI (Central) Rules,1950.

(c) & (d): There is no proposal to amend Section 4 of the Maternity Benefit Act, 1961. The benefits under this Act are already applicable and available to women employed in various public sector undertakings.



Central Civil Services (Leave Travel Concession) Rules, 1988 - Fulfillment of procedural requirements- Clarification reg.

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Central Civil Services (Leave Travel Concession) Rules, 1988 - Fulfillment of procedural requirements- Clarification reg.

To view DoPT OM No. 31011/3/2015-Estt (A.IV) dated February 9, 2017 please CLICK HERE

The Fundamental (Amendment) Rules, 2017.

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Payment of Incentive for seeding of Aadhaar Number in POSB accounts held by beneficiaries of MGNREGA/Other Social Security Schemes.


06 February 2017

Posting of PPF/SSA Intersol deposits by PM at HO

From: Gopinath S <gopinath.s@indiapost.gov.in>
Date: 3 February 2017 at 09:34
Subject: POSTING OF PPF/SSA Intersol deposits by PM at HO

Sir/Madam,
           
I am directed by competent authority to convey the following.

Implementation of 25,000 intersol limit

Cheques accepted for subsequent deposits in Sub Office PPF / SSA accounts are lodged at HO in 0017 account of HO and posting is carried out at HOs after clearance, to facilitate posting, as per SB order 5  of 2016 intersol limit has been configured as 1.5 lakhs on 07/01/2017 as a temporary solution. Now Patch is deployed for implementing intersol limits from today.

POs are instructed to follow the below procedure for posting high value PPF/SSA deposits .

Postmaster role users at HO are given access to CPDTM/CPWTM menus (for PPF/SSA accounts) for posting the subsequent deposits through cheques of sub offices.

The high value deposits for PPF/SSA will be done by Postmaster instead of PA handling Cheque clearance.

Please revert immediately in case of any issues.

Thanks and Regards

Gopinath S
Inspector Posts
DMCC

Chennai 600 002

04 February 2017

CHQ News - LDCE : Inspector Posts for the year 2015-16 ..... updates

LDCE for promotion to the cadre of Inspector Posts (66.66%) departmental quota for the year 2015-16 was held on 22 and 23-10-2016 for 189 vacancies (OC-155, SC-26 and ST-8).

The provisional key of the question papers was already published by the Department on India Post website and representation thereon if any was called for from candidates till 6-1-2017.

It is learnt that department has almost cleared the representations received from candidates and FINAL KEY on the question papers is likely to be published very soon.

03 February 2017

Transfer/Posting in the Higher Administrative Grade of the Indian postal Service, Group 'A'

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Income Tax Chart for 2017-18


Posting/Allocation to the post of Managers, Mail Motor Service, in Department of Posts in GCS Group 'A', Gazetted Non-Ministerial.

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Transfers and Postings of Sr. Manager/Manager, Mail Motor Service (MMS) Group'A'and Deputy Manager (MMS) Group'B'.

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How does India Post Payments Bank stack up against Airtel Payments Bank



New Delhi: India Post Payments Bank (IPPB) launched on Monday by the Union finance minister Arun Jaitley is the second payments bank to commence its operation in the country after Airtel Payments Bank (APB), which was launched on January 12.

IPPB has been set up as a 100% Indian government-owned public limited company under the department of posts with the aim to open around 650 new branches in postal district headquarters.

Currently, the department of posts has an existing network of around 1,55,000 post offices. The new branches will be co-located with the existing post offices.

On Monday, it launched services on a pilot basis in Raipur and Ranchi.

APB, on the other hand, is a joint venture between phone services provider Bharti Airtel Ltd and Kotak Mahindra Bank Ltd. The payments bank went live with a network of 250,000 banking points. In the pilot phase, the bank added over 1 million customers, according to a statement by the company.

As mandated by the Reserve Bank of India (RBI), the new model of banking focuses on providing basic financial services such as all kinds of payments; including social security payments, utility bill payments, remittance services, current and saving accounts up to a balance of Rs1 lakh, distribution of insurance, mutual funds, pension products and acting as business correspondent to other banks for credit products especially in rural areas and among the underserved segments of the society.

However, there are distinct differences in the business models of both the payments bank. Mint compares the charges levied and interest rates offered by both the payments banks for rendering different services, including deposits and withdrawals.

APB charges Rs5 to Rs25 for cash withdrawals less than Rs4,000 and 0.65% of the withdrawal amount which is equal to or greater than Rs4,000. IPPB does not charge anything for cash withdrawals from its branches and ATMs. However, it charges Rs15-35 for rendering doorstep banking (cash based) for both deposits and withdrawals up to Rs10, 000.

The remittance charges levied by both the banks also differ. APB lists charges for transactions made through internet banking, through the app and USSD (Unstructured Supplementary Service Data) or *99# whereas IPPB also recognizes transactions through NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment Service), AEPS (Aadhaar enabled payments system) and UPI (Unified Payments Interface).

Only transactions up to Rs10, 000 is permitted through AEPS which is free. According to IPPB, banking charges at branch and doorstep for each NEFT based transaction ranges from Rs2.5-5 and Rs5 is charged for every transaction via IMPS.

APB charges 0.5% of the amount transferred within its payments bank whereas 1% of the amount transferred is charged for transfer of funds from APB to other bank accounts through banking points.

Customers of IPPB can withdraw amount up to Rs10,000 from an ATM in a single transaction and up to Rs25,000 per day. APB, on the other hand, has set Rs10 as the minimum cash withdrawal amount, there is no clarity on the upper limit to cash withdrawals.

APB offers an high interest rate of 7.25% p.a. on deposits on savings accounts which is higher than the interest rate offered by traditional banks on fixed deposits.

IPPB’s interest rates have been fixed as 4.5% if the quarterly average balance is up to Rs25,000, 5% if it is between Rs25,000 and Rs50,000, and 5.5% if above Rs50,000/-.