Thursday, July 5, 2012


COM.B.PARAMESHWAR BHATT,Ex. Divisional Secretary, AIPEU Postmen & Gr D, Shimoga Dn
COM.H.S.VENKATA RAO, Ex. PRESIDENT,AIPEU Postmen & Gr D, Shimoga Dn and
COM.ASHOK BAILUR, SPM, Sagar Market Road PO retired on superannuation on 30.06.2011. A farewell party was organised in Shimoga HO, Shimoga doddapete PO and Sagar HO respectively.  We wish them a happy retired life.


v Promotion as PA from Group ‘D’/Postmen should not be construed as Promotion under MACP
v MACP shall be granted afresh from PA cadre based on 10, 20, 30 years in PA cadre
v Any promotions under LDCE shall not be brought into no. of promotions under MACP
v Applicant should be paid arrears with interest applicable to GPF

The full text of the judgment is furnished below in the link. What we are demanding all along (i.e) to exclude the promotions acquired by exam has been categorically declared by the Hon’ble judge. A remarkable decision.

The CHQ is referring the CAT decision to the Directorate requesting to implement the same to all without further appeal in High court or other forums.

Thanks to Com. Sohan Lal Asst. Circle Secretary, Jodhpur & Com. H. P. Diwakar, Circle Secretary, Rajasthan Circle


The Union Cabinet today approved the proposal for extending the scheme of interest subvention of 1% on housing loans upto Rs.15 lakh where the cost of the house does not exceed Rs.25 lakh for the year 2012-13 and to amend the operational part of guidelines for release of funds.
A budgetary provision of Rs.400 crore has been made for Financial Year 2012-13 for implementing the scheme.
          Consequent upon the extension of scheme, the limit of subsidy for an individual borrower would be Rs.14912 for a loan of Rs.15 lakh and Rs.9925 for a loan of Rs.10 lakh.
          The extended scheme will benefit all house loans availed in Financial Year 2012-13.
          The original scheme of 1% Interest Subvention on Housing Loans upto Rs.10 lakh, provided the cost of the housing unit does not exceed Rs.20 lakh was approved by the Cabinet in September, 2009. The scheme was revised by liberalizing the limit of housing loan upto Rs.15 lakh where cost of house does not exceed Rs.25 lakh in financial year 2011-12 which was approved by the Cabinet in October 2011. The scheme is further extended for another year that is financial year 2012-13. National Housing Bank (NHB) is the nodal agency for implementing the scheme both for Scheduled Commercial Banks and Housing Finance Companies.
Source: PIB

Steepest fall in postal dept deficit in 10 years - NEWS

Gap between revenue and expenditure narrows by Rs 550 cr, dept's revenue up 13%

Mirroring signs of revival, the Department of Posts (DoP) has registered the highest decline in deficit in more than 10 years at Rs 550.73 crore in 2011-12 on the back of increase in revenues, mainly from financial services.

Total  revenues of the department in 2011-12 rose by 13.62% to Rs 7,910.51 crore while expenditure stood at Rs 13,705.4 crore, leaving a deficit of Rs 5,794.89 crore.

In the previous fiscal, DoP had revenues of Rs 6,962.33 crore and expenditure of Rs 13,307.95 crore, reflecting a gap of Rs 6,345.62 crore.

DoP's deficit had jumped over 80% to 6,641.30 crore in 2009-10 from 3,593.09 crore in 2008-09 due to implementation of the Sixth Pay Commission's recommendations.

"In the last one year we have developed an integrated strategy to make India Post, commercially and socially relevant. The financial performance of the last year indicates that we have succeeded to an extent. But a lot more need to be done," Minister for Communications and IT Kapil Sibal told PTI.

According to the Financial Performance report prepared by Department of Posts for 2011-2012, revenues from financial services grew by 20.8% at Rs 4,304.07 crore in 2011-12 compared to Rs 3,562.77 crore in FY'11.

Revenue from postal operations grew by 6.08% to Rs 3,606.44 crore in 2011-12 from Rs 3,399.56 crore it registered in FY'11.

Sibal said that he is expecting revenue of DoP to grow by 20% in the current financial year.

 "This financial year we are targeting revenue increase of plus 20%. I am happy that India Post is moving in the right direction. Now we need to increase our speed," he said.

DoP has appointed Boston Consulting Group to prepare an appropriate business structure for the emerging and premium services of India Post.

The postal department has floated expression of interest to appoint a consultant for preparing detailed project report (DPR) of its ambitious Post Bank projects and this report is expected to be finalised by end of this calendar year.

"The Post Bank project will rejuvenate financial services offered through post offices," Sibal said.

DoP has already announced to set-up 1000 ATMs across country as part of its financial services.

Sibal has also asked DoP introduce premium logistics services in select 80 to 90 cities within six months to tap the expanding e-commerce market in the country and enhance its revenue by 15%.

In its ongoing transformation process, the department entered into a partnership with state-run telecom company BSNL to provide money order service using mobile phones for which it expects to start pilot project by September.

Press Trust of India / New Delhi Jul 05, 2012, 


Soon, send money order from your mobile

The postal department has entered into a partnership with state-run telecom company BSNL to provide money order service using mobile phones.

NEW DELHI: The postal department has entered into a partnership with state-run telecom company BSNL to provide money order service using mobile phones.

"The Department has signed an agreement with BSNL for providing money remittance through mobile phones," Department of Posts (DoP) said in an official statement today.

As per the pact, BSNL has been provided with the requirements of DoP for development of the software.

A DoP spokesperson said the software development is going on and rollout of the pilot is expected in August-September 2012.

Initially, a pilot of the service will run for a period of 6 months in Punjab, Bihar, Delhi and Kerala Circles, the statement said.

As per the spokesperson, DoP will give commission to BSNL for each remittance made and the commission will vary on the amount transferred.

Under this facility, receiver of the money will get SMS for transaction and initially get cash at the nearest authorised post office by showing the message, the spokesperson said.

source:Times of India