Tuesday, 25 October 2016
click here: http://utilities.cept.gov.in/dop/pdfbind.ashx?id=2138
Labels: Service Rules
NEW DELHI: The Department of Post (DoP), which is racing against time to ready its Payment Bank, has had to re-tender its technology contract after it failed to get bids from any of the major Indian technology firms such as Infosys, Wipro, TCS or the multinationals.
In its first attempt to find a technology vendor to build the backbone for its ambitious payment bank, DoP found itself in a single bid situation – with the lone application of Polaris India. The development may push the launch of the postal payment bank by another few months giving a lead to its rivals — Paytm and Airtel — which are about to start soon.
Officials of technology companies told ET that they decided to give the opportunity a miss since the contract didn’t make “business sense” and its terms and conditions were very “vague” and “open ended”. An executive of one of the top IT firms said that the department is under a lot of pressure to start the operations and wanted the implementation to happen within six weeks, which is impossible for companies to pull off.
“They wanted the IPR of the banking platform to be handed over to them, nobody will do that,” said the executive who requested anonymity. The person added that who funds the cash flow was also very adverse and there were lots of other sticky issues. “We are looking for a fair agreement and it was not fair,” said the person. As per the current plan, India Post Payments Bank (IPPB) - as it has been termed - will eventually have 650 branches across the country. The department has to submit a final proposal to the Reserve Bank of India (RBI) – which had granted it in-principal approval in August 2015 – before March 2017.
Another official of a large tech company said, “While all of us are Indians and we want to work for the country, it should also make business sense. We are making 15-20% profit on an international contract, our CFO will agree even if we are making about 10% margin in a domestic contract, but if they put a lot of conditions making even that much profit will be virtually impossible.”
The executive who also requested anonymity said the contract took a very long term view on the payment terms with approval cycles only running close to 200 days to 300 days. “It required to be signed off by different people which is not a sellable model.” The person added that another point of contention was that it imposed “unlimited liability” on the vendors. The department of Post could not be reached for a comment.
Posts has now come up with a fresh tender last week and officials said that they are currently studying the feasibility of it and will take a call in a few days on whether to be participate in it. “It looks better than last time, but we are still studying the `details,” said the first official quoted above. The RBI gave in-principle approval to 11applicants in August last year, including the Department of Posts, Aditya Birla Nuvo, Airtel M Commerce Services, Fino PayTech, National Securities Depository, Reliance Industries, Tech Mahindra and Vodafone m-pesa, for setting up payments banks. Three of the 11entities have already decided to back out, citing unviability. Alibaba-backed Paytm had appointed Infosys and its core banking software Finacle in June this year and is planning to launch its Payment Bank around Diwali.
Source : http://economictimes.indiatimes.com
Monday, 24 October 2016
ATAL PENSION YOJANA (APY) - India Post with PFRDA:
All Indian citizens in the age group of 18-40 years can register.Join APY at your Post Office and ensure a Guaranteed Pension.
Sources said that the Allowance Committee Meeting has finalized a proposal on HRA. It will be finalized in the Meeting held on 25th October 2016. It is said that the proposed Meeting under the Chairmanship of DOPT Secretary (P) with the Secretary Staff Side, NC (JCM) is to firm up the view on various allowances pertaining to Department of Personnel & Training.
This Meeting is conducted as per the decision of Allowance Committee Meeting held on 1-9-2016. The meeting to finalize the allowances pertaining to DOPT has been scheduled to be held on 25th October 2016.
- The Reliable Sources said that the Official Side are in the view of increasing HRA by 1 Stage to reach 30% , 20% and 10% .
The pay Commission recommended HRA at the rates initially from 24%, 16%, and 8 % and whenever DA reaches 50% it will be increased to 27%, 18% and 9% and Finally after DA reaches 100% the HRA will be revised to 30% , 20% and 10% for X,Y and Z cities respectively.
- The NCJCM has demanded in its Memorandum submitted to the 7th Pay Commission that 60%, 40% and 20% HRA to be recommended for X,Y and Z cities.
- The Pay Commission totally ignored this demand and recommended reduction of rates from Sixth CPC. Since it is Co related with DA , it will be increased after two stages to 30%, 20% and 10% after DA reaches 50% and 100%.
- The sources said that now it is proposed to start the HRA rates initially from 27%, 18% and 9% and after DA reaches 50% the House Rent Allowance will be revised to 30%, 20% and 10% for X,Y and Z cities respectively.
Source : govtstaffnews.in
Wednesday, 19 October 2016
The Indian banking sector is finally opening up with new banks being established from this year.India post has started India Post Payment Bank and has also issued a massive recruitment notification for officer posts.Since freshers are also eligible for these positions, and IPPB being a new bank,many aspirants have doubts related to eligibility,job profile etc..
For the candidates to better understand India post payment bank recruitment 2016,here is a compilation of answers for some of your most common doubts.
As per the notification, the online registration closes on October 25.So if you are eligible,go ahead & submit your applications immediately instead of waiting for the last minute.
Age & Qualification Doubts:
Q: India Post Payment Bank (IPPB) – Is it a govt job or private?
A: India Post Payments Bank (IPPB) is 100% owned by Government of India through Department of Posts.So it is completely a govt bank job.
Q: I will turn 20 years in January 2017.Am I eligible for Assistant Manager (Territory- scale I) post?
A: No.The age limit fixed for recruitment of this position is 20 - 30 yrs, as on September 1, 2016.
Only those who are born not between 02.09.1986 & 01.09.1996 are eligible to apply for scale I positions.
Q: What is the age requirement for Manager (scale II) & Senior Manager (scale III)?
A: Manager (scale II): 23 to 35 years (birth date must be within 02.09.1981 & 01.09.1993
Senior Manager (scale III): 26 to 35 years (born between 02.09.1981 & 01.09.1990)
Q: I belong to OBC/ SC/ ST category.Are there any relaxations in age?
A: Like in any govt recruitments, the maximum age is extended by 3 yrs for OBC, 5 yrs for SC, ST, 10 yrs for persons with disability (PWD)
Q: I have only 45% in degree.Am I eligible?
A: You are eligible as pass in degree is enough to apply.The percentage of marks doesn't matter for india post payment bank recruitment 2016.
Q: I am in final semester/ year of college & will complete degree only in 2017.
A: Candidates who have completed their degree by Sep 1, 2016 are only eligible for these jobs.
Therefore those who are doing their final semester/ year or waiting for results are NOT permitted to apply.
Experience related Doubts
Q: Is experience required for Assistant Manager (scale I) cadre job?
A: No.Freshers are also eligible for this post
Q: What are the experience conditions for scale II & III positions?
A: There are 652 scale II & 408 scale III vacancies in India post payment bank recruitment.So each post has separate condition listed below:
Manager (scale II): 3 yrs experience of working in scale I in any public sector bank or equivalent scale in a private bank or similar level in any other organization.
Senior Manager (scale III): Minimum 6 yrs experience of working in scale II in any govt bank or equivalent scale in a private bank or similar level in any other organization.
Salary, Bond & Job Location Doubts
Q: What is the salary of officers in India post payment bank?
A: The payscale for employees in IPPB varies with scale.
Assistant Manager (scale I): Rs.65,000 /month Manager (scale II): Rs.83,000 /month
Senior Manager (scale III): Rs.1,06,000 /month
The above salary is inclusive of allowances & benefits.So your take home salary could be around 30% lesser than the CTC given above.
Q: Is there any service bond in india post payment bank?
A: There is NO agreement or service bond in IPPB
Q: Can I get posting in my home state? Are there transfers?
A: The IPPB recruitment is not conducted state-wise.So you may be posted to any branch of the bank located across India.
Labels: POST BANK OF INDIA
Tuesday, 18 October 2016
click here: http://utilities.cept.gov.in/dop/pdfbind.ashx?id=2123 to view Postal Directorate orders dated 07.10.2016 on the above subject matter.
Friday, 14 October 2016
click here: http://persmin.gov.in/DOPT/Seniority_Instructions_Guidelines/Seniority_Instructions_Guidelines_Page_1_16.pdf
Saturday, 8 October 2016
NOTICE TO ALL MEMBERS OF AIAPS(GL), POSTAL SUPERVISORS AND POST MASTER CADRE OFFICIALS
IT IS HEREBY NOTIFIED THAT MEETING FOR ELECTION OF NEW BODY TO A RESIDUARY ANDHRA PRADESH POSTAL CIRCLE WILL BE CONDUCTED AT VIJAYAWADA ON 06.11.2016 (SUNDAY) AT VIJAYAWADA HPO PREMISES. ALL ARE REQUESTED TO ATTEND THE MEETING AND MAKE IT GRAND SUCCESS. PLEASE BOOK YOUR TICKETS IMMEDIATELY. AS THIS MEETING IS VERY CRUCIAL TO OUR CADRE, PLEASE ATTEND THE MEETING WITHOUT FAIL.
CIRCLE SECRETARY(OUT GOING)
Labels: C/S DESK
Thursday, 6 October 2016
IT IS TO INFORM THAT, WITH THE PERMISSION OF AIAPS(GL)ANDHRA PRADESH CIRCLE SECRETARY, CIRCLE LEVEL MEETING OF AIAPS(GL) WILL BE HELD AT VIJAYAWADA ON 16/10/2016. VENUE WILL BE PUBLISHED IN THIS WEBSITE SHORTLY.KINDLY MAKE IT CONVINIENT TO ATTEND THE MEETING AND MAKE IT GRAND SUCCESS.
Wednesday, 5 October 2016