Saturday, February 04, 2017

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.

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

To view, please CLICK HERE.

Booking and despatch of insured parcels through speed post to be tendered by CBSE on 28.01.2017 to 20/21.02.2017

RBI proposes to waive off bank transactions charges and decrease interest rate for credit cards

In an attempt to promote cashless transactions in the country, Reserve Bank of India (RBI) has given banks the freedom to fix bank service charges for transactions, stated Santosh Kumar Gangwar, Minister of State in the Ministry of Finance, in Lok Sabha on Friday. 

RBI has deregulated interest rates on credit card dues. Interest rates are determined by banks with the approval of their respective Board of Directors subject to regulatory guidelines on the interest rate on advances issued by RBI from time to time. RBI does not maintain information on the rate of commission charged. 

National Bank for Agriculture and Rural Development (NABARD) has approved a scheme for giving 0.5 percent incentive on payments made through the Aadhaar Enabled Payment System (AEPS) to merchants. 

With regards to debit card transactions on PoS devices, between January 1 and March 31, 2017, Merchant Discount Rate (MDR) has been capped at 0.25 percent for transaction value up to Rs. 1,000, and for debit card transactions value between Rs. 1,000 and Rs. 2,000, MDR has been capped at 0.5 percent. 

RBI has decided that till March 3, 2017, banks and prepaid payment instrument issuers shall not levy any charges on customers for transactions up to Rs. 1,000 settled on Immediate Payment Service (IMPS), Unstructured Supplementary Service Data (USSD) and Unified Payments Interface (UPI). 

Further, Government has issued a direction in public interest to all public sector banks not to charge fees for transactions settled on IMPS and UPI in excess of rates charged for National Electronic Funds Transfer (NEFT) for transactions above Rs. 1,000, with service tax being charged at actual; for USSD transactions till March 3, 2017, above Rs. 1,000, a further 50paise discount is provided. 

NPCI has waived switching fees for RuPay Card transactions (both for PoS and e-commerce), IMPS, UPI, National Unified USSD Platform (NUUP) and AEPS, with effect from January 1 to March 31, 2017. 

Credit card, debit card, charge card and other payment card services by banks have been exempted from payment of service tax for transactions of up to Rs. 2,000. The government has introduced Lucky Grahak Yojana for customers and Digi Dhan Yojana for merchants to promote means of cashless transactions. 

In terms of Department of Public Enterprises letter dated December 9, 2016, all Central Public Sector Enterprises (CPSEs) are required to ensure that transaction fees, MDR charges associated with payment through digital means shall not be passed on to the consumers and all such expenses shall be borne by CPSEs. 

RBI has also cautioned the users, holders and traders of Virtual Currencies (VCs), including Bitcoins about the potential financial, operational, legal customer protection and security related risks that they are exposing themselves to. The creation, trading or usage of VCs including Bitcoins, as a medium for payment have not been authorised by the Reserve Bank of India. 

Source:-The Economic Times

Solution for the error - "The agent you input has not linked to the current scheme code,please setup it proper" in DOP Finacle

  • Generally in DOP we will open the accounts through agents if the customer opts but now a days when are trying to open the accounts(MIS/TD/NSC/KVP) we are facing the error.
  • The error mentioned is "The agent you input has not linked to the current scheme code,please setup it proper" in DOP Finacle
The error screen shot appears as shown in the below figure
From the above screen shot it is clear when the user trying to open KVP account system is showing the attached error.

Root cause of the above Problem:- 

The above will occur in one of the two following cases mentioned below in detail for the ease of the users in DOP Finacle
Case 1 :- If the said product is not added to the said DSA ID then the system will show the above error screen shot while opening the account

Case 2 :- Also check the field "Fixed commission start date" in the tab commission parameters by invoking the menu HDSAMM inquire function.

Solution for the above Problem :- 

The solution for the above mentioned 2 cases are mentioned below so that users can open the agent accounts without any error.

Case 1 :- If the said product is not added to the said DSA ID then the system will show the above error screen shot while opening the account

Solution :- Check in Products tab whether the said scheme code is added or not if not add the scheme code and try to open the account through agent system will not throw the error.

Case 2 :- Also check the field "Fixed commission start date" in the tab commission parameters by invoking the menu HDSAMM inquire function.

Solution :- Change the filed "Fixed commission start date" in the tab commission parameters by invoking the menu HDSAMM inquire function to current date(i.e., date should not be future date). Then try to open the account through agent system will not throw the error.

Even after rectifying the above steps even if the error occurs then report the same issue to your respective CPC to get the solution from the Infosys HD team.

Calling Volunteers for CEPT, Hyderabad

Haryana State Level Philately Exhibition "HARPEX 2017"

Haryana State Level Philately Exhibition "HARPEX 2017"

State Level Philately Exhibition, Harpex 2017 Inaugurated on 03.02.2017 by His excellency Prof. Kaptan Singh Solanki, Governer of Haryana.

Honble Chief Guest has addressed the audience and briefed about the importance of Philately and also admired the excellent work done by Haryana Postal Circle. His excellency admired the special public service attitude of Haryana Postal Circle Staff and directed to keep it up.

His Excellency also released the First Day Cover on "Heritage of Haryana -------Jyotisar(Kurukshetra).

Visitors are also being informed about the various schemes and services available at Postal Department.

Only the very first day of Exhibition, the visitors not only enjoyed the exhibition but also purchased the Philately Stamps more than Rs 40000/- from Postal Department Counter. 

More than 200 My Stamps were got issued. Philatelic Delaers from Sangrur, Delhi, Kolkata, Mumbai and from many other places, are displaying their collection through their allotted "Philatelic Dealers Stall"

Procedure to generate the CYI(current year interest) for SB accounts in DOP Finacle

  • As we all know for every we will get the interest(at present 4%) for all the SB accounts at the end of the financial year in DOP Finacle.
  • Also for closure of SB accounts at SO sometimes we will pay through mode of payment as Cheque for this case we need to know CYI (Current Year Interest) for sending the cheque requirement invoice to the Head Post Office.
  • In order to know the CYI for any SB account we generally have a special and powerful menu in DOP Finacle i.e.,HACACCR.
HACACCR stand for Interest Accrual for A/cs :- 
  • Invoke the menu HACACCR in DOP Finacle we will get the below mentioned screen shot as shown
  • In the next enter the following fields they are mentioned below for the ease of users
Enter the field Report To as "Postmaster "
Enter the field From A/c Id ______________________
Enter the field To A/c Id __________________________ as mentioned in the below screen shots. Generally we should enter the same account number in both the above mentioned fields.
After entering the above mentioned fields then finally click on submit then the system will show below screen as shown 
As shown in the above report is generated in the background. For all the background reports in DOP Finacle we can view the reports using the menu HPR
Invoke the menu HPR and select the report as shown

  • Finally select the report and view the interest generated report as shown
  • From the screen shot it is clear system is showing 5.33334 as CYI

New Pay Table of GDS BPM (TRCA-1,2,3)

Fine of Rs.11,000/- to Department of Posts by Consumer Forum

Fine of Rs.11,000/- to Department of Posts by Consumer Forum.

IPPB Savings Account Annual Interest Rate 5.5% : Banking Services for Everybody

Banking Services for Everybody:

IPPB offers 3 distinct accounts, tailored to suit the requirements of people everywhere.
Regular Account – Safal
Basic Savings Bank Deposit Account (BSBDA) - Sugam
BSBDA Small - Saral​
While the Safal Account is packed with features, the Saral ccount is aimed at people with limited banking experience. ​
The following services are availables across the different accounts.

Domestic Remittance Services:

IPPB will provide an inexpensive and secure medium to transfer funds via its domestic remittance offering. All customers of IPPB would be eligible to avail a host of different modes of domestic remittance subject to the stipulated constraints – NEFT, IMPS, AEPS, UPI and *99#


Direct Benefit Transfer (DBT):

DBT program aims to transfer subsidies directly to the people through their bank accounts, which will in turn reduce leakages, delays and other similar challenges.

Funds from the disbursing agency are automatically credited into the beneficiary accounts through NACH/APBS instead of cash disbursal. IPPB will provide cash out of the subsidies at the customer's doorstep by combining this service with Doorstep Banking.

Doorstep Banking:

We look forward to extending our relationship with banking at your doorstep. Doorstep banking allows a customer for a nominal fee to request and avail banking and related services at their door. The services currently offered are as follows:

Cash deposit
Cash withdrawal
Balance enquiry
Aadhaar to Aadhaar funds transfer

With “Aapka bank, aapke dwaar”, what you see is what you get.

Download IPO Examination Question Papers 2011 to 2016

Click below link to download IPO Examination Paper 2011, 2012, 2013, 2014 and 2016:

Budget 2017 and Central Government employees demands

Comrades ,
The budget for the year 2017-18 was presented by the Shri Arun Jaitleyji Hon’ble Minister of Finance on 1st Feb 2017 , the Central Government employees had lot of hopes of this budget especially on increasing the tax slabs and tax rates reduction , also on allowances and increasing our wages i.e. revision of the fitment formula . One more important issue of filling up of vacant post in the Central Government.
Shri Arun Jaitleyji Hon’ble Minister of Finance had not uttered a single word about Central Government employees in his budget speech of nearly two hours, even though the Central Government employees work with dedication and implement the programmes and policy of the Central Government either way of revenue collection, transportation, public service , working for the welfare of the people of the country etc . This has caused dissatisfaction amongst Central Government employees as many of the demands of the Central Government employees are not considered. The tax proposals provided only a small relief to the Central Government Employees, actually a big relief should have been provided. The Central Government employees are disappointed of the outcome of the budget.

Now let us focus main issues of the CG employees and the budget 2017-17 especially this budget is being presented after the demonetization. As stated earlier the financial position of the Central Government is very good even after demonetization. The budget 2017-18 has once again proved that the Central Government resources are very good the revenue expenditure has been pat 21.47 lakh crores. The fiscal deficit will be 3.2 % of GDP.

Now coming to the revenue growth of the Central Government in last four years we can observe from the financial year 2013-14 the Revenue Expenditure which was at is Rs 16.64 lakh crores the Revenue Expenditurethe financial year 2017-18 which stands at 21.47 lakh crores . The fiscal deficit has also reduced from 4.8 % to 3.2 % of GDP in last four years . This shows that the financial status of the Central Government is very good. The growth rate of the revenue collection is about 15% annually. In fact the Shri Arun Jaitleyji Hon’ble Minister of Finance had stated the revenue collection is increasing to about 17 % annually. We should be proud that your country economy is in good shape. Indian economy is a stable economy can accommodate any additional financial expenditure to be made for the welfare of Central Government employees. 

The revenue of the Central Government is increasing at about 15% annually, from last three years the revenue of the Central Government has increased by 45% the expenditure towards salary of Central Government employees including the defence employees has risen only by 14.5 % on wage hike due to 7th CPC and also Dearness Allowances expenditure. So total rise in pay hike is about 22% , even if allowances are released in next financial year additional expenditure is likely at just 3% as 70% of the employees don’t avail HRA which is the major allowances, . which is very much less than the 45% of the revenue collection of the Central Government. So the Central Government can afford to increase our wages considerably i.e revision of fitment formula andminimum wage . The allowances should be made effectively from 1st Jan 2016. 

Next on the tax slabs the Shri Arun Jaitleyji Hon’ble Minister of Finance had made announcement of the tax proposals provided only a small relief to the Central Government Employees by reducing the taxes for the slab 2.5 lakhs to 5 lakhs from 10% to 5% . This is only a very small gestures on the part of Shri Arun Jaitleyji Hon’ble Minister of Finance , actually a big relief should have been provided by way of abolishing the taxes up to Rs 5 lakhs . The expenditure loss for reduction of taxes for the slab 2.5 lakhs to 5 lakhs(1.95 crore show income between Rs 2.5 to Rs 5 lakh) from 10% to 5% is just at Rs 15,500/- crores only , if the Hon’ble Minister of Finance had announced the abolishing the taxes up to Rs 5 lakhs it could have been additional expenditure of Rs 15,000 crores only which at just half percent of the total budget revenue collections , next Rs 5 to Rs10 lakhs slab (only 52 lakh show income between Rs 5 to Rs 10 lakhs ) here also there should have been reduction in taxes from 20% to 10% , the limit of Rs 1.5 lakh under Section 80C for investment should have been increased upto 2.5 lakh which would have encouraged savings , all these measures could have gone a long way benefiting the Central Government employees and the salaried class employees a lot.

Today hardly 3 % of the country population are paying the income tax, the rest 97% do not pay income tax .The Central Government Employees are honestly paying the taxes. A big tax relief is genuinely due for them. 

One more important problem faced by the Central Government Employees is that the no filling up of the vacant post in the Central Government, nearly 4 lakhs post are vacant, even in Railway safety post of 1.41 lakh post are vacant and Income tax department post are vacant, more manpower is required for effectively collection of the taxes and implementation of the programmes and policy of the Central Government. This will also provide jobs for the youth of the country.

We sincerely hope the Hon’ble Minister of Finance would reconsider his decision and improve the taxation policy and consider the demands of the CG employees effectively in true spirit. 

Comradely yours

General Secretary

Tax Relaxation under NPS

Press Information Bureau 
Government of India
Ministry of Finance
03-February-2017 18:16 IST 

Tax Relaxation under NPS

The Finance Act, 2016 amended the Income-tax Act, 1961 (the Act) to provide that 40% of the amount payable to the employee subscriber of NPS on his closure of account or his opting out of the scheme, shall be exempt from tax. 
Further, Finance Bill, 2017 has proposed to amend the Act to provide exemption from tax at the time of partial withdrawal by an employee from National Pension System Trust in accordance with conditions specified under Pension Fund Regulatory and Development Authority Act, 2013 and regulations made there under, to the extent it does not exceed twenty five per cent of the contributions made by him. 

There was no proposal for tax relaxation from Securities and Exchange Board of India in the agenda of 16th Financial Stability Development Council meeting held on 5thJanuary 2017. 

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

Video Tutorial on Cash Deposit in DOP Finacle

Click below Video to Play about Cash Deposit