அனைவருக்கும் இதயம் கனிந்த குடியரசு தின நல்வாழ்த்துக்கள்

Monday, 17 October 2016

Post offices will now start selling pulses at subsidised rates to consumers.

Centre has decided to roll out this initiative in the next couple of weeks.

NEW DELHI: After delivering Ganga jal, post offices will now start selling pulses at subsidised rates to consumers. Finding a solution to the lukewarm response of states in picking up pulses from the central buffer stock, the Centre has decided to roll out this initiative in the next couple of weeks.

"We have already talked to the postal department and they are keen to start this. To make a beginning, we will start selling chana dal at subsidised prices at some of the post offices since it's still selling at relatively high price," consumer affairs secretary Hem Pande told TOI.

An official release of consumer affairs ministry said the inter-ministerial panel while reviewing the availability and prices of essential commodities on Friday had suggested that in the absence of government outlets in states, postal networks should be tapped for distribution.

TOI had reported on September 3 that the consumer affairs ministry was exploring the possibility of using the huge network of India Post outlets across the country.

Pande said in the next few days they will work out how pulses in packets can be made available at post offices. "We will see whether our entities can do this. Already one agency, NCCF (National Cooperative Consumers Federation of India), is selling pulses in Delhi through mobile vans," he added.

Early this year, the Centre had struggled to dispose off imported pulses since states did not come forward to take them despite government offering the stock at subsidised prices. This year, the buffer stock created with import and domestic procurement of pulses is more than 1.5 lakh tonnes and the Centre is in a comfortable position to start their sale through different government outlets.

This is also being seen as an interim arrangement till the time government engages a professional agency to manage the entire buffer stock and its disposal. The government has approved creating 20 lakh tonne buffer stock of pulses.


Source : http://timesofindia.indiatimes.com

Monday, 10 October 2016

Postal Department to hike prices in order to overcome revenue deficit

 | New Delhi | October 8, 2016

 The Postal Department has bucked up to overcome its big annual revenue deficit of Rs 6000 by hiking prices of postcards, stamps etc. The decision comes after Minister of Communications Manoj Sinha held a meeting to discuss the strategies to bring in the additional Rs 1000 cr revenue every year.

 HOWEVER WITH THE NEW RATES IN EXECUTION, THE MINISTER DID NOT FORGOT TO REMIND THE OFFICIALS ABOUT FOCUSING ON THE TIME OF DELIVERY OF THE PARCELS.

The Postal Department has bucked up to overcome its big annual revenue deficit of Rs 6000 by hiking prices of postcards, stamps etc. The decision comes after Minister of Communications Manoj Sinha held a meeting to discuss the strategies to bring in the additional Rs 1000 cr revenue every year.

During the meeting when Sinha was apprised with the fact that the pricing comes from Finance Ministry, the Communications Minister directed a committee of ministers to be formed to decide on the hike and the new prices.

According to Indian Express, the new prices of the 25 paise and 50 paise postcards will be 2 rupees, and the price of the Rs 6- printed postcard to Rs 9 per printed postcard. Similarly, the price of an inland letter of Rs 2.50 denomination has been proposed to be increased to Rs 9. The price of India Post’s parcels have also been surged up from Rs 19 per 500 gms to Rs 30 now.

However with the new rates in execution, the Minister did not forgot to remind the officials about focusing on the time of delivery of the parcels.

Going by a report of 2015, the Department found out that its expenses had risen by 262 per cent despite the revision last made in 2001-02 and the prices remaining unchanged.

Also discussed in the meeting was the India Post’s market share in the parcel market which is a minor Rs 1.5-2.0 lakh crore compared to other courier majors. India Post is already cashing in on the boom in e-commerce deliveries, especially the surging cash-on-delivery consignments of the country’s top online sellers — Amazon,SnapdealFlipkart and Myntra. Sinha asked the officials to come up with a strategy to beat the over priced courier companies in market in order to shoot up India Post’s shares. All of the further plans will be discussed in a second meet planned for the next month.

Source :  http://www.financialexpress.com

World Post Day 2016 : UPU launched a new poster for the 2016–2018 period

The UPU helps facilitate awareness with its World Post Day by designing and distributing posters for display across the globe. In 2016, the UPU launched a new poster for the 2016–2018 period.
Although World Post Day is not guided by a particular theme, the UPU's latest poster design embodies the UPU's three strategic pillars: innovation, integration and inclusion.
Just as Posts innovate to remain relevant in the changing communication landscape, the UPU has chosen innovative designs for the new World Post Day poster. Using Pantone colour inks specially layered onto high-quality Swiss–made paper to produce the blue and gold design, the physical elements of the poster represent innovation unto themselves.
The emblem's design represents the two remaining pillars, integration and inclusion. The crisscrossed arms and layered colours act to show the integration of knowledge and processes, enabling seamless and affordable services for all. The intertwined design was inspired by the Celtic knot, which itself has Persian roots. Finally, the clasped hands represent how the Post connects and includes people around the world.
More than 80 Posts have ordered some 70,000 posters in seven available languages: English, French, Spanish, Portuguese, Arabic, Russian and Chinese.
Click here to view the full contents

Wednesday, 5 October 2016

Productive Linked Bonus of Rs.13816/- for the accounting Year 2015 -2016 - 60 days

7000 / 30.4 days * 60 = 13816 (rounded)




Bonus orders issued by Department to all Heads of Circles today. Regarding the enhanced bonus of 7000 to Gramin Dak Sevaks for the financial year 2014-15 file referred to Ministry of Finance yesterday not cleared up to this time

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Saturday, 1 October 2016

Revision of interest rates for Small Savings Scheme

Revision of interest rates for Small Savings Scheme 
from
 1st Oct, 2016 to 31st Dec, 2016


Instruments
Rate of interest 
w.e.f. 01.07.2016
 
to 30.09.2016
Rate of interest 
w.e.f. 01.10.2016
 
to 31.12.2016
Compounding 
frequency*
Saving Deposit
4.0
4.0
Annually
1 Year Time Deposit
7.1
7.0
Quarterly
2 Years Time Deposit
7.2
7.1
Quarterly
3 Years Time Deposit
7.4
7.3
Quarterly
5 Years Time Deposit
7.9
7.8
Quarterly
5 Years Recurring Deposit
7.4
7.3
Quarterly
5 Years Senior Citizens Savings Scheme
8.6
8.5
Quarterly and paid
5 Years Monthly Income Account Scheme
7.8
7.7
Monthly and paid
5 Years National Savings Certificate
8.1
8.0
Annually
Public Provident Fund Scheme
8.1
8.0
Annually
Kisan Vikas Patra
7.8 
(will mature in
 
110 months)
7.7
(will mature in
 
112 months)
Annually
Sukanya Samriddhi Account Scheme
8.6
8.5
Annually