Friday, January 22, 2016

Vacancy in Postal Assistant Cadre Andhra pradesh circle

Vacancy in Postal Assistant Cadre (DIRECT RECRUIT / LGO / GDS TO PA)


TOTAL ...276



PA (CO/RO)--10



Government set to increase Provident Fund Interest rates

DELHI: The Employees Provident Fund Organisation’s (EPFO) finance panel has recommended raising the interest rate on statutory savings of over 5 crore subscribers from 8.75% to 8.95% during the current fiscal.

The proposal has to be endorsed by the central board of trustees before the finance ministry notifies it. If it goes through, it will be the highest return since the 9.5% paid in 2010-11 and the highest ever real interest rate (after netting out inflation) in recent years. An 8.95% rate will translate into returns of nearly 12% for those in the highest slab as the withdrawals and interest earnings do not attract tax at the time of withdrawal.

The proposal comes at a time when the government and the Reserve Bank of India are looking to reduce deposit rates so that banks can cut lending rates and spur investment. A higher interest rate on EPF deposits may result in some diversion of funds from bank deposits or small savings schemes as voluntary contributions.

As reported by TOI on January 14, the finance ministry is expected to lower interest rates on several small savings schemes such as public provident fund or National Savings Certificate by up to 50 basis points, with a formal announcement expected shortly. 

An increase in rates in EPFO, which is the basic investment avenue for many employees in the country, may face some resistance from the finance ministry though it will be tough for it to block the proposal given the huge dependence of the middle class on the savings. 

In the past, the finance ministry has sometimes objected to recommendations from the central board of trustees but approved it. On its part, the EPFO panel is of the view that the retirement savings body has the resources to fund the proposed 8.95% rate. The agency is hoping to convene a meeting of the CBT headed by labour minister Bandaru Dattatreya at the earliest for the interest rate proposal to be ratified by the apex decision making agency.

Govt to factor in payout of 7th pay commission in deficit targets

The payout of the seventh pay commission recommendations will make finance minister Arun Jaitley walk a tight rope when he announces the fiscal deficit targets for 2016-17

Expected to incur an additional expenditure of Rs 1.02 lakh crore to pay higher salaries and pensions recommended by the commission, Rs 28,000 crore alone will go for salary hikes of railway employees. In total, the implementation will impact the fiscal deficit by 0.65% of the GDP.

Experts feel that deficit figures shared in the medium-term fiscal policy statement had stated that the fiscal deficit target for FY17 and FY18 is 3.5% and 3.0%, respectively will have a significant impact from the pay commission pay out, leaving the government with higher deficit numbers.
“Achieving these targets in view of the likely acceptance and implementation of the recommendations of the Seventh Central Pay Commission will be difficult. We expect that the fiscal deficit of FY17 to come in at 3.9% of GDP. This will push the attainment of the fiscal deficit target of 3% of GDP to FY19, a year later than envisaged in the fiscal policy statement. In the past also, pay revisions have pushed fiscal consolidation targets. Accordingly, the fiscal deficit targets are likely to be 3.9%, 3.5% and 3.0% in 2016-17, 2017-18 and 2018-19 respectively,” said Sunil Kumar Sinha, principal economist, India Ratings & Research.
However, the pay commission revisions are yet to be accepted by the high-powered panel headed by cabinet secretary PK Sinha. The recommendations have a bearing on the remuneration of 47 lakh central government employees and 52 lakh pensioners.

An empowered committee of secretaries was being decided to screen the recommendations with regard to all relevant factors of the Commission in an expeditious detailed and holistic fashion.

Though senior finance ministry officials feel that the pay-out which is likely to come only in the middle of 2016, might not be a big burden as the arrears would not be accounting to be much, unlike the past instances.

But, it is expected that the government, while putting a final seal on the recommendations, will keep in mind the tight fiscal position of the country.

“The government will not be generous in the pay out this time as they already are facing pressures from various fronts like disinvestment and poor direct tax collections,” said Dharmakirti Joshi, currently the chief economist at CRISIL.

Finance ministry till now has maintained a stand that it will be able to meet its target despite additional outgo on account of higher pay. But, finance minister Jaitley recently admitted that the impact of implementing the recommendations would last for two to three years.
The seventh pay commission had recommended an average 23.55% increase in salaries, allowances and pension, a move that will benefit 4.8 million staffers and 5.5 million pensioners. The hike will be effective from January 1, 2016.
A minimum pay of Rs 18,000 per month and a maximum of Rs 2.5 lakh has been recommended by the commission, headed by Justice (retired) AK Mathur, that presented its 900-page report to finance minister Arun Jaitley.

The government usually accepts the broad proposals for pay revision — due every 10 years — and state governments usually respond with their own hikes.


The empowered panel of secretaries to work out ways for staggering the 7th CPC award through more than one financial year

Arun Jaitley 

As reported earlier, the government is planning to defer implementation of the 7th Pay Commission award. Last week, the Cabinet approved the formation of an empowered panel of secretaries to work out ways for staggering the award through more than one financial year, instead of letting the Rs 1.02 lakh crore bill from the implementation come up at one go. Of that, Rs 74,000 crore is supposed to be the burden on the Union Budget and the rest on the rail Budget.

Additionally, Jaitley and other senior officials have pledged to continue the Centre’s public spending push at a time when the private sector suffers from stretched balance sheets. Capital spending for April-November 2015 was Rs 1.59 lakh crore or 31 per cent over the same period last year. With a pressing need to boost rural consumption after consecutive years of poor rain, Budget 2016-17 could also see a significant increase in allocation to programmes like the Pradhan Mantri Krishi Sinchai Yojana, Rashtriya Krishi Vikas Yojana and Pradhan Mantri Gram Sadak Yojana.

With less than 40 days left for Finance Minister Arun Jaitley to present Union Budget 2016-17, its makers are said to be veering towards sticking to the current medium-term fiscal consolidation schedule and set a fiscal deficit target for the next year at 3.5 per cent of gross domestic product (GDP).

Prime Minister Narendra Modi is likely to meet ministry officials in the first week of February. The government faces a substantial spending burden in 2016-17, primarily due to implementation of recommendations of the 7th Pay Commission, the One Rank, One Pension (OROP) issue and maintaining capital spending levels.

Read our full coverage on Union Budget 2016

For these reasons and a less than expected GDP growth, Chief Economic Advisor Arvind Subramanian called for a re-assessment of the medium-term fiscal road map in December, in the mid-year economic review. He’d lowered the official GDP growth forecast for the current financial year to 7-7.5 per cent from the earlier 8.1-8.5 per cent. Subramanian also warned that if the government stuck to the current path for fiscal consolidation, demand would be hit. He had said real GDP growth in 2016-17, based on an analysis of likely demand, was not likely to be significantly greater than in this year.

Read our full coverage on Union Budget 2016

Finance ministry officials are wary of delaying the fiscal consolidation schedule for another year. In the earlier Budget, Jaitley went for a 2015-16 fiscal deficit target of 3.9 per cent of GDP, instead of the 3.6 per cent the schedule had mandated. The road map forecast a fiscal deficit of 3.5 per cent of 2016-17 and three per cent for 2017-18.

Sources said a further delay in the schedule would hurt the government’s credibility and it could be met even with the additional burden. Of course, the Prime Minister will decide.

  • Two different viewpoints in North Block on FY17 fiscal deficit target
  • One view, as laid out in mid-year review, calls for re-assessment of target
  • Second view says existing fiscal road map should be adhered to
  • Budget makers said to be veering towards second view
  • Prime Minister Modi may take a final decision
  • Budget preparation so far is based on existing fiscal road map
As to what Jaitley thinks or is likely to recommend, sources said that so far there have been no instructions from any of the senior ministry officials that the Budget preparations should be done keeping in mind any other number but 3.5 per cent.

Sources said the targets can be met by staggering the pay panel recommendations and no compromise might be necessary on other initiatives, including OROP, capital spending and the rural sector push. The difference between 3.9 per cent for this year and 3.5 per cent for 2017-18 should not be more than Rs 6,000-8,000 crore, it is learnt.

Speed Post articles are not receiving virtually in Speed Net 4.3

Follow the procedure to update and check

Do the below steps which is given by CEPT and Check Using EMS Client( Speed Net Communication)
This procedure for both SPA and SPCOD article, Most of the times articles are not receiving virtually even if we request data from central server. This cause may due to improper configuration of local server / Speed Net software. 

Could not load file or assembly 'ADODB' in Speed Net 4.3 Could not open table

'ECounter.dbo.EVPArticlesReceived' while transfer SPCOD

Closure of TD/MIS/SCSS Account belonging to BO in DOP Finacle

Closure of TD/MIS/SCSS Account Menu Modified in DOP Finacle

TD / MIS / SCSS accounts closure menu has been modified to accept on 0340 or SB account only as repayment account.
In the case of BO accounts also, closure value will be credited to 0340 instead of 0339, on selecting 'Repayment Account only' option. After verification of closure, CXFER menu is to be used for transferring the amount from 0340 to 0339.​
This is as per instructions from Directorate.

Procedure to inquire paid transactions for MIS/SCSS/TD accounts in DOP Finacle

  • For all the accounts of SBA scheme i..e, SB/PPF/SSA accounts we will inquire the ledger details and ledger balance using the menu HACLI(Account Ledger Inquiry).
  • But for TDA accounts i..e., MIS,SCSS and TD accounts we can't trace the total installments paid to the customer using the menu HACLI as these accounts interests will be credited in respective Sundry accounts ( Unposted Office Account).
  • For MIS,SCSS and TD accounts interests of the customers will be credited in respective sundry accounts i..e,
For MIS accounts Sundry account is SOLID+0337.
For SCSS accounts Sundry account is SOLID+0338.
For TD accounts Sundry account is SOLID+0335.
Generally in DOP Finacle we will reverse the amount i..e, customer interest from the Sundry account by giving the reference number (customer account number) which is called pointing account hence Sundry accounts comes under OAP(Office Account Pointing).

Procedure to Inquire paid transactions for MIS/SCSS/TD accounts

1. Invoke the menu HFTI then the system will show the below screen as mentioned

In the above screen enter the following details as mentioned below

  1. Enter the account number as Sundry account number (i..e., SOLID+0335/0337/0338).
  2. Enter the Ref. No. column as " Customer account number " as mentioned in the below screen shot

Then in the above screen remove the start date column to view the total number of installments paid to the customer after migration to Finacle application as shown in the below screen

Then finally Click on Go then the system will show the list of transactions paid to the customer as mentioned in the below screen shot.
  • In the above screen one can observe transaction starting with 'S' are system generated i.e., interest generation date by the system( generally interest due date).
  • And the transactions starting with 'IN' are the entries which are paid to the customer.

Point of Sale Submit Account error and Solution

Could not execute procedure on remote server 'SERVERNAME' because SQL Server is not configured for remote access. Ask your system Administrator to reconfigure SQL Server to allow remote access.

Solution for Point of Submit Account

For the error in POS submit accounts, please make sure that the Services 'Remote Procedure Call (RPC)', 'Remote Procedure Call (RPC) Locator', COM+Event System are started with Startup Type as 'Automatic' under Log on As 'Network Service'. -

Foundation stone laying ceremony of Indore Vijay Nagar Post Office Building Madhya Pradesh Circle by Hon'ble MOC & IT

Foundation stone laying ceremony of Indore Vijay Nagar Post Office Building Madhya Pradesh Circle by Hon'ble MOC & IT

India Post Sees A Massive 900% Jump In Profit As The Prefered Partner Of E-Commerce Brands

If you thought that India Post is all but done for and with the downfall of snail-mail (that's letters and postcards if you didn't get it!) and the closure of Telegram, then you got it all wrong.

India Post has seen an unprecedented profit growth in the past two years piggybacking on the rise of e-commerce and its reach into the remotest corners of India. Where new services Delhivery, Ekart and at times even world-leading couriers may fail - India Post still does it.

Add this to the reliability which makes it the favoured Cash-On-Delivery (COD) channel used by e-commerce brands - led by Amazon - and we have a match made in heaven.

Postal department’s revenues by ways of COD consignments from e-commerce majors has gone up to Rs 1,000 crore in the first nine months of this fiscal, up from Rs 500 crore during the entire whole of FY15, and just Rs 100 crore in FY14. Minister for Communications and Information Technology, Ravi Shankar Prasad has confirmed it and expects revenue to touch Rs 1500 by end of March; making this an almost tripling growth over last year.

The Department has partnered with e-tailers, including Flipkart, Snapdeal, Amazon, YepMe, Shopclues, for delivering pre-paid as well as CoD orders. Amazon is its largest business partner in e-Commerce

On an average, Amazon sends 3,00,000 packages through India Post every month followed by Snapdeal (80K), Yepme (60K), Myntra (50k) and Flipkart (30K).

The Minister said complete revival of the postal department is his top-most priority.

"I want to see India Post as a big hub of e-commerce, delivery and digital services," Prasad said. His vision may also be based on the fact that RBI had given India Post a banking license in August last year and we may see our post office become a full blown bank from a Non-banking financial entity in near future.
Gone may be the days when Dakiya Dak Laaya was a hit but in today's India it's just transformed into Daakiya Mac Laaya!

Implementation of CTS in Post Offices

Click Here to see the instructions to be followed in implementation of Cheque Truncation System.

Click Here to view the list of Head Post Offices to which CTS scanners are supplied.

India Post to ban Gmail in Post Offices from February 2016

Member (Technology), Postal Service Board, Shri. B V Sudhakar issued a circular D.O No:46-2/2013-Tech dated 19.01.2016 where in clear instruction has been included in connection with bandwidth usage and unnecessary usage of outside email clients. Following are the content of above said circular.
The original circular of Member (Technology) is shown below this post.
A number of references are being received from the Circles regarding inadequacy of bandwidth and the need for up gradation. We are in the process of setting up a system so that bandwidth availability does not affect performance adversely. We have also upgraded the bandwidth of the Data Centre so as to provide greater speed during transfer of data.

Upon analysis, I find that a number of factors lead to unnecessary consumption of bandwidth which can easily be avoided. An important process that can effectively reduce consumption of bandwidth is Active Directory. The CSI Vendor, TCS has created more than 1.36 Lakh Active Directory users and details have been shared with the respective Divisions. It has been noticed that users are however, logging into the systems with local login credentials. It may be ensured henceforth that all the users login with Active Directory user id only.

As a part of IT modernization project, Department of Posts has developed its own e-mail system. India Post e-mail id of all Group A, Group B and Heads of all the Offices have been created It is noticed that some of the offices are still using public email id like Gmail, yahoo mail etc. instead of the Indi Post email id. Mr. Niranjan Kumar( may be contacted for any issues relating to e-mail IDs.

I request your compliance on the above two issues by 15th February, 2016. It may be noted that thereafter users not Jogging in with Active Directory will not get internet access and all public email ids will be blocked.

Any matter that may need Directorate’s intervention may be escalated to the Technology Division. I will be closely monitoring the issue and request full compliance by 15th February, 2016. We must aim at optimal utilization of bandwidth, rather than unsustainable increasing bandwidth.

7th CPC recommendations for Sports Persons and Coaches

Allowances related to Sports : Allowances Covered

Alphabetical list of Allowances covered here is as under:
1. Out of Pocket Allowance
2. Refreshment Allowance

Out of Pocket Allowance : This allowance is paid to players and coaches of Indian Railways who participate in sports events abroad, in lieu of Daily Allowance on Foreign Travel, to take care of subsidiary expenses, at the rate of $35 per day. There is a demand to replace this allowance with Daily Allowance on Foreign Travel.

Analysis and Recommendations : The demand has merit. Accordingly it is recommended that Out of Pocket Allowance should be abolished and players and coaches participating in sports events abroad should be paid Daily Allowance on Foreign Travel.

Refreshment Allowance : This allowance is paid to players, coaches, technical officials and Railway Sports Promotion Board (RSPB) observers during National and Indian Railways’ camps and Championships, to support additional food requirements, at a uniform rate of Rs.240 per day. There are demands for three fold raise in the amount of this allowance.

Analysis and Recommendations : While Refreshment allowance is understandable for players/coaches/technical officials, it is not justified for observers of Railway Sports Promotion Board (RSPB). Therefore, since the allowance is not indexed to DA, it is recommended that Refreshment Allowance should be increased by a factor of 2.25 to Rs.540 per day. The amount will rise further by 25 percent each time DA crosses 50 percent. However, the allowance will be paid only to players, coaches and technical officials.

7th Pay Commission is deferred for some time says Deputy Finance Minister

7th Pay Commission – Implementation may be Deferred – In a recent television interview, Minister of State for Finance Jayant Sinha had said the Pay Commission recommendations were the biggest headache for his ministry.
Minister of State for Finance Jayant Sinha

With a massive financial resource crunch estimated for 2016-17, the government is planning to defer the implementation of the 7th Pay Commission award.

Last week, the Union Cabinet approved the formation of an empowered committee of secretaries to work out ways for staggering the award through more than one financial year, instead of letting the Rs 1,02,100-crore bill from the implementation of the award come up at one go.

A top-ranked official said one of the options for the empowered committee was to defer the increase inallowances for central government employees, while letting the rise in pay for all scales to go through. According to finance ministry figures, the ratio of allowances to pay for these 4.7 million employees is 1:1.4. For instance, the Budget estimates in 2015-16 pegged the salary bill for all central government employees at Rs 60,731 crore, whereas the tab for allowances is Rs 84,437.4 crore.

The step would allow Finance Minister Arun Jaitley to keep the Budget numbers for this financial year and the next close to the targeted 3.9 per cent and 3.5 per cent of gross domestic product (GDP) that he has committed himself to. For instance, even if the annual expenditure for 2016-17 were kept at about Rs 18 lakh crore (almost unchanged from Rs 17,77,477 crore in 2015-16), the Pay Commission recommendations would add another 5.5 per cent to it.

Given the sluggish pace of GDP growth and the almost negative deflator, the aggregate Budget numbers would otherwise be impossible to sustain on the back of the current trend in growth of tax receipts – just 50 per cent of the Budget estimates after the first eight months of the year, according to Controller General of Accounts data. The assumptions being worked on in North Block are that these might not change dramatically in the next financial year, too.

The announcement of a deferral is expected to be part of Jaitley’s Budget speech on February 29. The formation of an empowered committee for the pay panel recommendations, again a first for the central government, ismeant to bring all stakeholders on board in the exercise.

The official explained ministry-wise consultations with the department of expenditure in the finance ministry, in the run up to the Budget, were mostly over. Those discussions had proceeded on the assumptions that the Pay Commission recommendations would be implemented. It was now necessary to bring the secretaries of key departments on board about the need for a drastic cut-back on those estimates.

The status quo on allowances would also allow the government to ignore the demand made by various staff associations to raise the minimum level of salary for employees. The Pay Commission has suggested that the minimum should be Rs 18,000 per month; the unions have demanded that it should be raised to a band of Rs 19,000 to Rs 21,000 a month. Such a change would have created a ripple effect. About 70 per cent of the government employees are bunched in the non-executive ranks; the starting salary for them tops about Rs 42,000 a month, show calculations by the Commission. Even a modest increase in pay for them would cascade the bill for the government by another Rs 50,000 crore annually. The award of the Commission is slated to take effect from January 1 this year.

A key element in the plan to defer some elements of the 7th Pay Commission recommendations will be the railway ministry. Government managers reckon the powerful unions of the Indian Railways need to be brought on board for this plan to be successful. The higher wage bill for the Suresh Prabhu-led ministry works out to Rs 28,450 crore a year, only a shade less than theyearly loss it makes on its passenger services at present. No formal communications have been sent out to the railway unions by the committee. “It will follow once the empowered committee has decided to take a call on which allowances to clip,” said the official.

In a recent television interview, Minister of State for Finance Jayant Sinha had said the Pay Commission recommendations were the biggest headache for his ministry, struggling to keep the aggregate expenditure of the Union government under control.

7th CPC and Central Government finances

7th CPC and Central Government finances

There are various reports in the media about the impact of the 7th CPC recommendations on the common man and the government resources at large, the reports suggest that the Government may postpone the 7th CPC implementation also till its finances are set right.

These reports are totally wrong.

A) Let us examine the Revenue Secretary Shri Hasmukh Adhia statements which are also published in the news papers.

“So far, 1.8 crore refunds for assessment year 2015-16 have been processed, he said. In the past, refunds have been held up for years as the government sought to show healthier finances.”

“Data released by the government showed that over Rs 5 lakh crore was locked up in tax disputes at various levels, with some of the cases going back over 10 years. In value terms, over half the cases related to income tax with 30% of the cases involving corporation tax.”

B) The crude oil prices has come down from 140$ to just 30$ a barrel in last year thus the Central Government finances have improved a lot.

Good response to campaign on postal savings account

The Department introduced this scheme in January last and so far about 25,000 SSA accounts have been opened in all the post offices of Salem East Postal Division.

To create further awareness on the salient features of the scheme, Salem East Postal Division, in association with Tara Hospital, Kondalampatti, has opened special counters for opening SSA in all the post offices covered by it from January 18 to March 31.

According to the department sources said that the campaign has evoked good response and more than 50 accounts are opened a day in different post offices in the division for the last three days.

There has also been lots of enquiries from the general public and the response is expected to pick up in the days to come.
Of the SSA accounts opened during the above period, eight lucky accounts will be selected and each of the account holder will be presented with a gram of gold, the sources add.

For further details, people can contact the nearest Sub / Head Post Offices, a release says.

Source :