Revised procedure for PA/SA and Postman/MG/MTS Direct Recruitment Examination


1. Revision of Cost of Application Fee and Examination fee in respect of Postal Assistant Direct Recruitment & Postmen/MG/MTS Direct Recruitment >> CLICK HERE for details
 
2. Introduction of revised Operating and Accounting procedure for revenue generated in connection with Direct Recruitment Examinations and meeting of Expenditure>>  CLICK HERE for details

Composition of 7th Central Pay Commission - PM has approved the composition of 7th CPC under the Chairmanship of Justice Ashok Kumar Mathur

The Hon'ble Finance Minister Shri P. Chidambaram has issued the following statement:

The Prime Minister has approved the composition of the 7th Central Pay Commission as follows:

1. Shri Justice Ashok Kumar Mathur - Chairman
(Retired Judge of the Supreme Court and Retired Chairman, Armed Forces Tribunal)



2. Shri Vivek Rae - Member (Full Time), Secretary, Petroleum & Natural Gas. 


3. Dr. Rathin Roy - Member (Part Time), Director, NIPEP.  


4. Smt. Meena Agarwal - Secretary, OSD, Department of Expenditure, Ministry of Finance. 

To read PIB press note, please CLICK HERE. 

DA will be increased by 10 % from January -2014

Expected DA from January 2014 - AICPIN for the month of December 2013 : All-India CPI-IW for December, 2013 declined by 4 points and pegged at 239 (two hundred and thirty nine).

As per the press release of Labour Bureau the Consumer Price Index(IW) fell down by four points from the existing level of 243 and now it stands at 239. However the percentage of additional dearness allowance for Central Government employees and Pensioners from January 2014 will be 10% and the total dearness allowance will become 100%.

The press release said that the percentage contribution of food group is declaimed by 4.96 and the inflation also downward pressure to 9.13 per cent against compare with the previous month of 11.47 per cent.

Most of the Central employees are excepted the index will go higher than three percent, because of the additional dearness allowance will climb to 11%.

But it happened in reverse direction, declined by four points. However the balance percentage will be added in the next dearness allowance calculation.

And now started to expect next installment of additional dearness allowance from July 2014. Although it is too early to predict, the percentage of additional DA from July 2014 will be minimum 7%.

CBS Migration in Kerala Circle to start by 10/03/2014


India Post to install 3000 ATMs,1.35 lakh mirco-ATMs by Sept 15


Even as its application to start a commercial bank is pending, India Post has drawn a massive plan to install as many as 3,000 ATMs and 1.35 lakh micro-ATMs at the ubiquitous post offices across the country for savings account holders by September 2015, a top official has said.
 
"We will be starting with three ATMs to be installed in New Delhi, Chennai and Bangalore on February 5 and then ramp it up gradually," postal department secretary Padmini Gopinath told a select group of reporters here over the weekend.
 
She said 1,000 ATMs with the India Post branding will be put in within the first year, which will be ramped up massively to 3,000 in the next 18 months.
 
To start with, the ATMs can be used only by 26 crore savings account-holders who save with the postal department, but Gopinath exuded confidence that within six months of the launch, they will get the interoperability permission from the Reserve Bank.
 
Postal savings are worth around Rs 6.05 trillion, which is half the savings in the largest lender SBI and more than double that of the largest private sector lender ICICI Bank.
 
Through interoperability, India Post will join the National Financial Switch, which will benefit India Post account holders to transact at the banks' ATMs and vice versa, she added.
 
India Post has been working with software major Infosys on this project, she added.
 
The micro ATMs will be handheld devices to be operated at the post office level while the ATM will be similar to the one operated by any commercial bank, she added.
 
The postal department, which has 1.55 lakh post offices over 90% of which are in villages, offers the savings account to people across the country and pays an interest of 4% per annum for such deposits. The account offers cheque facility at present.
 
It can be noted that the Department of Posts is fighting a very contentious battle to convert itself into a full fledged bank, asserting that its reach can help achieve the goal of financial inclusion.
 
However, the finance ministry has expressed some reservations about the idea, while Telecom Minister Kapil Sibal has exuded confidence of winning over his Cabinet colleagues to get the go ahead for the 'Postal Bank'.

Transfer/ Promotion in HAG Cadre.

To view the order, please CLICK HERE.