02/11/2016
WITHDRAWAL OF THE PROPOSED
INDEFINITE HUNGER FAST IN FRONT OF DAK BHAWAN FROM 3rd
NOVEMBER, 2016 AND TWO DAYS STRIKE ON 9th & 10th NOVEMBER 2016.
POSTAL JOINT COUNCIL OF ACTION
NATIONAL FEDERATION OF
POSTAL EMPLOYEES
FEDERATION OF NATIONAL
POSTAL ORGANISATIONS
ALL INDIA POSTAL EMPLOYEES
UNION – GRAMIN DAK SEVAKS
NATIONAL UNION OF GRAMIN DAK
SEVAKS
NEW DELHI - 110001
No.PF-PJCA-12/2016 Dated : 01.11.2016
To,
The Secretary,
Department of Posts,
Dak
Bhawan, New Delhi-110 001
Sub: Withdrawal
of the proposed indefinite
hunger fast in front of Dak Bhawan from 3rd November, 2016 and two days strike on 9th & 10th November 2016
Sir,
While
expressing our sincere thanks to you and the Postal Board for taking positive
action for settling the demand for bonus parity to Gramin Dak Sevaks, we
would like to request your sympathetic and immediate intervention for
implementing the Directorate orders for payment of revised wages to Casual,
Part time Contingent employees working in the Postal Department with effect
from 01.01.2006.
The
Directorate has issued orders for payment of revised wages (6th CPC minimum) to
casual labourers in the month of January 2015. Subsequently the queries raised
by some Chief PMGs were also clarified by Directorate. Even though 21 (twenty-one)
months are over, the Directorate orders are not yet implemented in some circles.
We have already brought the case to your notice and the notice of the
concerned Chief PMGs several times, but the issue still remains unsettled.
Hence we were compelled to include this demand also as the second demand of the
proposed indefinite fast in front of Dak Bhawan from 3rd
November and two days strike on 9th & 10th November 2016.
As you have assured us that the grievances of this poor and most downtrodden
section of workers will be settled in a time-bound manner, we hereby
inform you that we have decided to withdraw the proposed hunger fast from 3rd
November and two days strike on 9th & 10th November 2016.
We once again request you to issue strict instructions to all Chief PMGs to implement
the Directorate orders in a time bound manner, say, before 30th November
2016.
Thanking you in anticipation
Yours faithfully
R. N. PARASHAR D.
THEAGARAJAN
Secretary
General Secretary
General
NFPE FNPO
P. PANDURANGARAO P. U. MURALEEDHARAN
General
Secretary General
Secretary
AIPEU-GDS NUGDS
Copy to:
1. The
Director General, Department of Posts, Dak Bhawan, New Delhi-110001.
2. The
Member (P), Department of Posts, Dak Bhawan, New Delhi-110 001
3. The
Director (SR & Legal) Dak Bhawan, New Delhi-110 001
01/11/2016
out come of the today meeting on Allowances :
out come of the today meeting on Allowances :
Today"s meeting was called for to appraise the staff side about the proposals prepared by the department . The official side was of the view to proposing abolition of some of the allowance so that most required allowances could be got approved from 7th CPC Implementation Cell. In regard to OTA, there was some confusion from the Official Side that OTA was abolished by 5th, 6th and the 7th Pay Commission. But it was informed by the staff side that operative cadres are exempted from the purview of abolition by the previous pay commissions.
Further staff side informed that we cannot change our earlier views at this stage.FNPO was represented by 1S/Shri. O.P.Khanna General secretaryAIPAOA 2) ShriBhagwan Finance secretary NAPE-C (P.III) 3) Davinder Kumar AGS(R-III) 4) V.K.Mathur Deputy G.S( P-IV) 5) Subhash Chaudhry ( P-IV)
01/11/2016
The India Post Payments Bank is working on striking synergies with the Post Office Savings Bank of the Department of Posts to ensure that its customers don’t look elsewhere for parking deposits exceeding ₹1 lakh.
The India Post Payments Bank is working on striking synergies with the Post Office Savings Bank of the Department of Posts to ensure that its customers don’t look elsewhere for parking deposits exceeding ₹1 lakh.
Aimed at creating a mechanism where balances in excess of ₹1 lakh stay within the postal system
MUMBAI, OCTOBER 30:
The India Post Payments Bank is working on striking synergies with the Post Office Savings Bank of the Department of Posts to ensure that its customers don’t look elsewhere for parking deposits exceeding ₹1 lakh.
In view of the regulatory restriction that a payments bank can hold a maximum balance of ₹1lakh per individual customer, the India Post Payments Bank (IPPB) is planning to create a mechanism whereby balances over this limit get automatically transferred to the Post Office Savings Bank (POSB). In this regard, the IPPB is closely examining a clause in the Reserve Bank of India’s payments bank guidelines whereby it can accept a large pool of money to be remitted to a number of accounts provided at the end of the day the balance does not exceed ₹1 lakh.
The IPPB and the POSB apparently want to make sure that as far as possible the customer’s money stays within the government-owned postal system. So, a customer opening a savings bank account with IPPB will be given the option to also open a linked POSB account. The IPPB has been set up under the Department of Posts (DoP) as a public limited company wholly owned by the government of India. The DoP received ‘in-principle’ RBI approval to set up payments bank in August 2015.
The POSB currently offers investment options, including savings bank account, recurring deposit account, time deposit, monthly income scheme, senior citizens savings scheme, and public provident fund, to small investors. These services are offered as an agency service for the Finance Ministry.
As per RBI guidelines, payments banks can accept demand deposits — current deposits and savings bank deposits from individuals, small businesses and other entities. They can neither accept fixed deposits and NRI deposits nor can they give loans.
The primary objective of a payment banks is to further the cause of financial inclusion by providing small savings accounts and payments/remittance services to migrant labour workforce, low-income households, small businesses, other unorganised sector entities and other users.
Among the reasons cited by banking industry experts for mainstream banks to pick up stakes in entities having ‘in-principle’ RBI approval to start payments banks are to provide their banking expertise, the opportunity to tap deposits exceeding ₹1 lakh, and cross-selling loans.
For example, Reliance Industries and State Bank of India have signed an agreement to set up a payments bank with equity contribution of 70 per cent and 30 per cent, respectively. Kotak Mahindra Bank has acquired 19.90 per cent stake in Airtel Payments Bank.
SOURCE: THE HINDU Business line.
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