Government plans to focus on financial literacy; postmen to tutor rural India on banking system

Government plans to focus on financial literacy; postmen to tutor rural India on banking system

NEW DELHI: The government is looking to utilise the services of postmen to teach people in rural areas how to use banking services and access various state-sponsored financial inclusion schemes. The finance ministry is working on developing a structured NEW DELHI: The government is looking to utilise the services of postmen to teach people in rural areas how to use banking services and access various state-sponsored financial inclusion schemes. The finance ministry is working on developing a structured programme as part of a new strategy for financial inclusion under which banks will pay a fee to use the services of the postal department.

"The idea is to turn a post office into a financial literacy hub. We will organise weekly literacy camps and selected post office employees will undergo a structured training programme developed by banks on financial literacy," said MS Ramanujan, member (banking and HRD), Department of Posts.

India Post is among the 11 successful entities that recently got in-principle approval for a payments bank licence from the Reserve Bank of India. Tentatively named as 'India Post Payments Bank,' the entity will have an initial capital of Rs 300 crore.'

"We are looking to leverage our entire postal network," said Ramanujan. He said banks will pay a small fee to use the services of the

postal department depending on the location, details of which are being worked out.

A senior finance ministry official said the government is looking to focus on financial literacy as part of its financial inclusion programme. "Now that the accounts have been opened, we want to ensure that people take advantage of all other schemes, including soft loans under the MUDRA Yojana," said the official, who did not wish to be named.

So far, about 18.86 crore accounts have been opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY), with deposits of nearly Rs 25,700 crore.

"Around 40% of these accounts have zero balance. We want them to develop a habit of banking, so that they can have a credit history and use other services," the official said.

The Centre had last year launched three social security programmes - the Pradhan Mantri Suraksha Bima Yojana (PMSBY), the Pradhan Mantri Jeevan Jyoti Bima Yojana

(PMJJBY) and the Atal Pension Yojana (APY) - to bring the excluded under the fold of formal financial services. The drive is billed as 'Jandhan to Jansuraksha' or people's money to public security.

The government has set a target of Rs 1.22 lakh crore for loans to be given by staterun banks to promote new entrepreneurs under the Pradhan Mantri Mudra Yojana, which will seek to "fund the unfunded".

ET View

The Postman Rings a Second Time

As services and requirements change, so will jobs. A robust system should be able to leverage the existing infrastructure, including human resources, to perform new functions. The decision to leverage the familiarity and trust associated with the postman to improve financial inclusion is a smart move.

The government could also consider redefining the role of other government functionaries

to improve the manner in which different programmes and schemes are accessed by the rural population.

Source : http://economictimes.indiatimes.com

ALL INDIA POSTAL EMPLOYEES UNION

POSTMEN AND MTS

CENTRAL HEADQUARTERS

(Affiliated to National Federation of Postal Employees)

17/3D, Type III, P&T Quarters, Kali Bari Marg, New Delhi-110001

No P-IV/CHQ/SC /2015                                                                                    Dated 19^thOct   2015

To

    Ms Kaveri Banerjee,

     Department of Posts

     Dak Bhavan

      New Delhi-110001

ORDER OF SUPREME COURT ON CIVIL APPEAL NO 2010 OF 2009 RELATING TO ENTITLED MONETARY BENEFITS EFFECTIVE FROM 01.01.1996 TO 10.10.1997

Madam,

            This has the reference to the subject matter and the copy of the judgment given on 07th May 2015 by the  Hon’ble Supreme  Court  has  since  been  received by  your  office  and this   CHQ.  However, photocopy of the judgment was also sent to your office vide this CHQ letter of even number dated 29^th June 2015 for ready reference and  requested issue of necessary orders for implementation of the Orders. . In this connection this CHQ letter of even number dated 01st June 2015 followed by reminder dated 11th June 2015 and 28^th August 2015 requesting early issue of orders for implementation of the decision may please be referred to.  It is regretted to inform that nothing has been heard from your office regarding issue of orders for implementation of the subject matter despite regular correspondence and reminders thereto.

            Finding no reply from your office regarding issue of orders for implementation of the subject matter. The undersigned is compelled to write to your kind honour by name for intervening the matter for issue of an early order for implementation the judgment of the Hon’ble Supreme Court.

            It is worthwhile to mention that all the affected officials are pressing hard for early action in this regard since the matter was decided after long struggle about two decade.In case no action is taken, we would be compelled to file suit for contempt of court orders.

            We  would urge upon you to intervene personally and get the needful done at the earliest since  the affected   officials, who have been waiting Honourable Supreme Court Orders since long back are looking forward for fvourable orders for early implementation of the judgment 

            A line of reply for the action being taken in this regard will be highly appreciated.

Yours faithfully,

(R.Seethalakshmi)

General Secretary

BEST WISHES ON THE EVE OF HOLY GODDESS DURGA PUJA

BEST WISHES ON THE EVE OF HOLY GODDESS DURGA PUJA

Dear Comrades,

Govt Doubles Monthly Bonus Calculation Ceiling To Rs 7,000 ( W.e.f April 1, 2015 )

Govt Doubles Monthly Bonus Calculation Ceiling To Rs 7,000 ( W.e.f April 1, 2015 )

New Delhi: The Cabinet today decided to double the wage ceiling for calculating bonus to Rs 7,000 per month for factory workers and establishments with 20 or more workers.

“The Payment of Bonus (Amendment) Bill, 2015 to enhance the monthly bonus calculation ceiling to Rs 7,000 per month from existing Rs 3,500 was approved by Union Cabinet here,” a source said after the Cabinet meeting.

The amendment bill will be made effective from April 1, 2015. Now the bill will be tabled in Parliament for approval.

The bill also seeks to enhance the eligibility limit for payment of bonus from the salary or wage of an employee from Rs 10,000 per month to Rs 21,000.

The Payment of Bonus Act 1965 is applicable to every factory and other establishment in which 20 or more persons are employed on any day during an accounting year.

The bill also provides for a new proviso in Section 12 which empowers the central government to vary the basis of computing bonus.

At present, under Section 12, where the salary or wage of an employee exceeds Rs 3,500 per month, the minimum or maximum bonus payable to employees are calculated as if his salary or wage were Rs 3,500 per month.

The last amendment to both the eligibility limit and the calculation ceilings under the said Act was carried out in 2007 and was made effective from April 1, 2006.

This amendment in the Act to increase wage ceiling and bonus calculation ceiling was one of assurances given by the Centre after 10 central trade unions went on one-day strike on September 2.

The government had hinted at meeting workers’ aspirations on nine out of 12 demands submitted by the unions.

PTI

MOST URGENT / IMPORTANT

NATIONAL FEDERATION OF POSTAL EMPLOYEES

CAMPAIGN TOUR PROGRAMME OF ALL INDIA LEADERS

 FOR TWO DAYS STRIKE ON 1^ST & 2^ND DECEMBER-2015

SL No.	Circle	Place	Leaders attending	Date
1.	ANDHRA PRADESH	Hyderabad	Com. P. Suresh , G/S R-4 Com. T. Satyanarayana G/S  Postal Accounts	10.11.15
2.	ASSAM	Guwahati	Com. R.N. Parashar, S/G	28.11.15
3.	BIHAR	Patna	Com. Giriraj Singh President NFPE  & GS-R-3	02.11.15
4.	CHATTISGARH	Raipur	Com. R. Seetha Lakshmi Dy. S/G NFPE &G/S P-4	08.11.15
5.	DELHI	Delhi	All General Secretaries	Date will be decided later
6.	GUJARAT	Ahmedabad	Com. R. Seethalakshmi Dy. S/G NFPE &G/S P-4	20.11.15
7.	HARYANA	Ambala	Com. Raj Kumar, Treasurer NFPE  & Com. K.K. Sharma V/P NFPE	06.11.15
8.	HIMACHAL P	Shimla	Com. Raj Kumar, Treasurer NFPE  Com. Balwinder Singh, Treasurer P-3	07.11.15
9.	JAMMU &KASHMIR	Jammu	Com. Virendra Tiwari G/S SBCO	16.11.15
10.	JHARKHAND	Ranchi	Com. R.N. Parashar, S/G	28.10.15
11.	KARNATAKA	Bangalore	Com. S. Ragupathy, Asstt. S/G, NFPE	12.11.15
12.	KERALA	Trivandrum	Com. A Manoharan, W orking President NFPE	12.11.15
13.	MADHAY PRADESH	Bhopal	Com. Giriraj Singh President NFPE  & GS-R-3	07.11.15
14.	MAHARASHTRA	Mumbai	Com. Giriraj Singh President NFPE  & GS-R-3 Com. R.N. Parashar S/G NFPE	08.11.15
15.	NORTH EAST	Shillong	Com. R.N. Parashar, S/G	29.11.15
16.	ODISHA	Bhubaneshwar	Com. Pranab Bhattacharya, G/S Admn.	06.11.15
17.	PUNJAB	Chandigarh	Com. K.K. Sharma , V/P (NFPE) Com. Balwinder Singh, Treasurer P-3	17.11.15
18.	RAJASTHAN	Jaipur	Com. Virendra Tiwari G/S SBCO	26.11.15
19.	TAMILNADU	Chennai	Com. T. Satyanarayana G/S  Postal Accounts	06.11.15
20.	UTTAR PRADESH	Lucknow	Com. Pranab Bhattacharya, G/S Admn.	18.11.15
21.	UTTARAKHAND	Dehradun	Com. R. Seetha Lakshmi Dy. S/G NFPE &G/S P-4	17.11.15
22.	WEST BENGAL	Kolkata	Com. R.N. Parashar, S/G	02.11.15

1.    All General Secretaries of NFPE will consult with Circle leaders and if any change is required can make suitable change.

2.    Leaders whose names are given should compulsorily attend the meeting.

3.    Circle Secretaries of NFPE should take initiative to arrange the joint meeting.  They should consult each other and finalise the programme and arrange grand meetings..

4.    Maximum publicity should be given to campaign programme and maximum participation of employees should be ensured.

5.    Circle Unions / Divisional Unions should make maximum effort to make the strike a grand success.  Joint campaign programme by Circle / Divisional Union Leaders may be organized in all Circles / Divisions.

6.    Strike notice will be served to Secretary, Department of Posts on 06.11.2015.  Copy may be served to all Circles / Divisional heads also by organizing demonstrations at all places.  Copy of the strike notice may be down loaded from websites of NFPE& affiliated unions of NFPE.

7.    All the affiliated of NFPE are participating in Two Day Strike on 1^st & 2^nd December, 2015.

                                                                                                                       

20.10.2015

 (R.N. Parashar)

Secretary General

Government may effect Bonus Ceiling hike to Rs 21,000 from the present Rs.10000

Tuesday, October 20, 2015

Government may effect Bonus Ceiling hike to Rs 21,000 from the present Rs.10000

Government is likely to hike Bonus from the current ceiling of Rs 10,000 (basic + DA) per month to Rs 21,000 (basic + DA) a month. Agenda is to be taken up in the forthcoming Cabinet Meet.

Government may effect Bonus Ceiling hike to Rs 21,000 (basic + DA) a month soon – More Central Government Employees to be be covered for payment of Bonus

Ministry of Labour has hinted that the ceiling of Bonus is likely to be hiked from the current ceiling of Rs.10,000 (basic + DA) per month to Rs.21,000 (basic + DA) a month.

After the Bihar elections Union Cabinet may discuss about this ordinance to amend Payments of Bonus Act 1965 to make more employees eligible for annual bonus.

If the Ordinance is approved, those earning up to Rs.21,000 (basic + DA) a month will now be eligible bonus. This would be a steep jump from the current ceiling of Rs.10,000 (basic + DA) per month.

The government is already in the process of revising the minimum wages. The Election Commission has approved the Labour Ministry’s proposal and the Union Cabinet is likely to take up the issue on promulgating ordinance next week. From this year onwards, bonus will be linked to minimum wages.

Ministry in a recent meeting with trade unions said that the government agreed to amend the Bonus Act by enhancing the eligibility ceiling under section 2(13) of the Act from Rs.10,000 per month to Rs.21,000 month. It also agreed to calculate ceiling under section 12 from Rs.3,500 per month to Rs.7,000 per month, or the minimum wage notified by the government for the category of employment.

Trade unions View

All the trade Unions demanded the abolition on ceiling on payment of bonus due to rising inflation, the Government rejected it.

Source: Deccan Herald

7th pay commission Vs Retirement Age

7th pay commission Vs Retirement Age

Revising Retirement age does not come under the purview of 7th Pay Commission.

Recently the news about retirement age is blown out of proportion in Social Media. In Social Media it has been signaled casually that the retirement age will be brought down to 58 years. Initially it was said that 7th pay commission going to recommend the criteria for retirement age as either 33 years of Service or 60 Years of age whichever comes first.

And gradually it is reduced to 58 years of age or 33 years of service and finally ends up with 30 years of service or at the age of 55 years.

7th pay commission Vs Retirement Age

Does it worth to believe the news circulated in social media about 7th pay commission recommendation and retirement age..? We asked the Federation sources about this and they want to maintain anonymity told that it depends upon the individuals to decide whether it is true or not. We should not blame the media for everything. We should be able to know the difference between the news and rumors.

One of our Sources told that revising the retirement age will not fall under the purview of Pay commission. It should be decided by central government only. No Pay commission has recommended anything about Retirement age so far.

Federation Leaders were asked about this retirement age issue, when it became sensational in Print and e-Media, why don’t they come forward to clear the doubts on this sensational issue?. They told that they didn’t want do give importance to the rumors and hear says.

They said, “We need to clarify the doubts of our cadres across the country whenever it was rumored in social media about their service related sensational issues. But when sensational becomes routine, it’s not our business to respond to such hearsays on daily basis”

“As far as retirement age is concerned we know that 7th pay commission cannot recommend revising the retirement age of central government employees, since it does not fall under the purview of 7th Pay Commission. Even we won’t accept it if the central government tries to reduce the retirement age,” the sources added.

Source: http://govtstaffnews.in/: