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Friday, 7 August 2015

Induction Training at PTC Mysore for LGO candidates selected as Postal Assistants under Departmental Quota


 Induction Training for Postal Assistants (LGO’s) will be held for a period of 9 weeks from 17.8.15 to 17.10.15 for LGO’s.   
The details of Seats allotted to the Circles based on the information received from them, are as under:
Sl No.
Name of the Circle
               PA
 Male
Female
1
Karnataka
 40
42
2
Kerala
    40
19
3
Andhra Pradesh
    50
15
Total
   130
76


FACILITIES TO DIFFERENTLY ABLED AT GOVERNMENT OFFICES



            The Department of Personnel and Training has informed that as per information submitted on-line by 71 Departments/Ministries, as on 01.01.2013, there were 9341 number of persons with disabilities who were employed in the Departments/Ministries of the Central Government.  State/UT-wise information is not compiled.

             As per section 46 of the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995, the appropriate Governments and the local authorities are required to provide for-

 (a) ramps in public buildings;
(b) adaptation of toilets for wheel chair users; 
(c)  braille symbols and auditory signals in elevators or lifts;
(d) ramps in hospitals, primary health centers and other medical care and rehabilitation institutions.

             All the Ministries/Departments have been requested to comply with this provision. The Ministry of Railways provides concessional fare for various classes of persons with disabilities as under:

 S.No.
Category of Persons
Percentage of Concession
1
Orthopaedically Handicapped/Paraplegic persons who cannot travel without escort –for any purpose
  • 75% in 2nd , Sleeper, 1st Class, 3AC, AC chair Car
  • 50% in 1AC and 2AC
  • 25% in 3AC & AC Chair Car of Rajdhani/Shatabdi trains
  • 50% in Monthly Season Ticket & Quarterly Season Ticket
  • One escort is also eligible for same element of concession
2
Mentally retarded persons who cannot travel without escort- for any purpose.
3
Blind persons travelling alone or with an escort- for any purpose
4
Deaf & Dumb persons (both afflictions together in the same person) travelling alone or with an escort- for any purpose.
· 50% in 2nd , Sleeper and 1st Class
· 50% in Monthly Season Ticket & Quarterly Season Ticket
· One escort is also eligible for same element of concession.

            Similarly, State Governments have their own schemes for providing concessional fare for persons with disabilities while travelling by the buses owned by State transport undertakings.

             As per Section 33 of the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995, every appropriate Government are required to  appoint in every establishment such percentage of vacancies not less than three per cent for persons or class of persons with disability of which one per cent each is reserved for persons suffering from blindness or low vision; (ii) hearing impairment; (iii) locomotor disability or cerebral palsy, in the posts identified for each disability.

            This information was given by the Minister of State for Social Justice and Empowerment, Shri Krishan Pal Gurjar in a written reply to a question in Lok Sabha here today.


 Source: PIB Release, 04.08.2015

7th Pay Commission: Economists Expect Salary Hikes to Trigger Growth

                 The 6th Pay Commission played a key role in insulating the Indian economy from the shocks of the Lehman crisis of 2008. According to Bank of America Merrill Lynch, higher salaries - resulting from the implementation of the 6th Pay Commission - drove two-wheeler and car sales, and led to a recovery in cement demand.

Salaries of government employees went up by an average of 35 per cent on the back of the 6th Pay Commission recommendations; employees also got arrears for more than 30 months because of the delayed implementation of the 6th Pay Commission in October 2008.

"The arrears resulted in robust demand for consumer discretionary products that resulted in sustained stock performance over 3-5 years," wrote Jai Shankar, chief India economist of Religare.

It is for these economic linkages that the 7th Pay Commission report is being eyed by analysts. The 7th Pay Commission report is likely to be submitted by August-end or in October, according to media reports.

Pay Commissions are meant to review the salary structure of central government employees and are set up every 10 years. The 7th Pay Commission will revise salaries effective January 1, 2016.

According to Religare, nearly 50 lakh central government employees (including 15 lakh defence personnel) and over 1 crore state and local government employees will benefit from the 7th Pay Commission.

There's no consensus about how much salaries will go up -- Bank of America expects a modest 15 per cent increase, while Religare expects salaries to go up by 28-30 per cent. Credit Suisse says salary hikes can be as high as 40 per cent.

Economists, however, agree that the 7th Pay Commission will help kick-start the domestic economy, which continues to be plagued by weak demand and excess capacity.
How the 7th Pay Commission can fire up the Indian economy

1) A 15 per cent salary increase would push up the central government's salary bill by Rs 25,000 crore (or $4 billion), which is 0.2 per cent of India's GDP, says Indranil Sen Gupta of Bank of America Merrill Lynch. This will help in a consumption-driven recovery in the domestic economy, he added.

2) According to Neelkanth Mishra of Credit Suisse, nearly one-third of India's middle class is employed by the government and as the 7th Pay Commission comes through, there will be an improvement in discretionary spending.

"In Tier 3, Tier 4 towns where government employees are 50-60 per cent of the middle class, it is very likely that real estate markets will take off again," he said.

3) Bank of America Merrill Lynch also expects the 7th Pay Commission to double subsidized loans for cars to Rs 3.60 lakh and housing loans to Rs 15 lakh. This will push up demand for autos and housing.

4) According to Religare, "The most important factor is economic activity itself which is gaining pace and, together with greater employment generation and policy reform, the 7th Pay Commission salary hike may help India enter a larger virtuous cycle."

Large-scale salary hikes, however, are also expected to stoke inflation and fiscal pressures.

"Clearly if you see a third or 35 per cent of your middle class getting a 40 per cent or 30 per cent jump in compensation in one shot, the fears of inflation will rise," Mr Mishra warned. He added that expectations of rate cuts can get pushed out and some possible fiscal pressures can emerge.

According to Jai Shankar of Religare, the salary bill (centre plus state combined) will be much higher at $50 billion or Rs 3.12 lakh crore if the Pay Commission recommend a 28-30 per cent salary hike. "The total amount will be in excess of $50 billion, making deficit reduction extremely challenging in FY17," he said.


Source :  http://profit.ndtv.com

Women's safety: Modi government asks phone makers to add panic button on handsets


NEW DELHI: In its quest to ensure women's safety, the Narendra Modi government has
 told mobile phone manufacturers they need to incorporate a panic button on handsets
 sold in the country. The administration is of the view that emergency response apps can
 take too long to access in a rush— configuring one of the existing buttons on a phone
 for the task would be much simpler and quicker. Women and child development 
ministerManeka Gandhi told ET that handset makers were amenable to the suggestion. 
"The first round of talks has been done and I have been told that they (manufacturers) 
have agreed in principle," she said.

To make it child-proof or prevent accidental operation, the button will require a long
 press or a double press.

The action will send an SMS to a set of numbers that will also provide location information.
With Modi pushing for the change, the ministries of communications and women
 and child development have been working in tandem on the proposal.

A meeting involving all stakeholders, including handset makers, was held two weeks ago
 to thrash out initial details. The meeting was attended by secretaries of the two 
ministries and representatives of about a dozen mobile manufacturing companies, 
both local and foreign. Another meeting is scheduled to be held this month by ministry
 officials with the design and technical wings of the mobile companies.

"Initially, there was resistance on a couple of issues, namely on the expenditure to be 
incurred and the design of the handsets," said a senior ministry official who didn't want 
to be named. "The move was also resisted on the ground that there are apps available in 
the market for the same. The manufacturers were told that pressing a button which will be
 on the body of the phone is much easier and time saving than accessing an app in 
a moment of trouble."

Though there was "initial resistance" from a few of the companies, they later agreed in
 principle to the demand, officials told ET. Rather than going to the police, the SMS
 will be sent to a 'panic response team' chosen by each user.

"Keeping in view various constraints including the understaffed police department,
 it was thought prudent to send the alerts to family than police," the official said.
 "An overwhelming view of the manufacturers was that the facility can be provided 
even in basic phones."

Hari Om Rai, co-founder of handset maker 
Lava International, said the company didn't
see any problem with the implementing the change. "I have not applied my mind yet as 
it is a product-level job," he said. "But I am sure if desired it can be easily done without 
any difficulty." Company product head Naveen Chawla added, "Everybody agreed that
 the issue merits serious concern. Agreeing in principle, the companies have gone back,
 only to return with the technology vide which the panic button can be made available on
 all phones."

The initiative was kicked off with Gandhi writing to communications minister 
Ravi Shankar Prasad urging the latter to convene a meeting of handset manufacturers 
in this regard.

"Hon'ble Prime Minister had recently mentioned that it is desirable to have a 
'panic button' on all mobile phone handsets so that a women user can access
 help in times of distress," she said in her letter, which ET has seen. "I understand
 that there are a number of apps available for this purpose but in a situation of distress, 
particularly in situations where women are facing acts of violence, it is not possible to
launch an app and access help." She said the solution lay in a button that can be 
operated without having to first unlock the phone.

"I further feel that different countries/societies/users will have different reasons for 
having this panic button but in the Indian context it is important for the purpose of 
women's safety," she wrote.

Gandhi urged "early action" in her letter and the first meeting was held less than a 
fortnight later. The minister said that her ministry had received several suggestions
 from various quarters on the matter, including special finger rings, bracelets and 
necklaces that could be used by women to send SOS messages.

While it appears that the mobile phone makers have been won over by gentle persuasion, 
one official pointed out that the government has the wherewithal to make the measure 
compulsory. "If the need arises, the provision to make it mandatory for mobile companies
 is available with the government," said a senior official.

ET View: 

Ensure last-mile connectivity

Having a single-touch emergency system is a muchneeded, great idea. But as with 
every great technologydriven public utility system, a 'panic button' is as good as
 its last-mile connectivity. What will make this more than a '100' number is not just
 its single-step procedure but also the GPS-enabled system bringing the nearest
 lawenforcers to the location without the usual layers of human participation. Which 
means the right people will have to respond swiftly and correctly to the panic beacon. 
Which, in turn, means training police personnel to respond to the system accordingly.

India Post won't move savings accounts to its Bank


      India Post has shortlisted management consultants to advise it on floating a new bank.
 Instead of migrating existing savings account customers to a bank, the Department of Posts
 is looking at floating a completely new entity which will start from scratch but leverage
 India Post's infrastructure by entering into service-level agreements.
      The department, which has received expressions of interest from all the top global 
consultancy firms, including the big four, is pursuing a plan where there will be
two Postbanks. The first will be the traditional financial services of the department. This 
includes the postal savings accounts and eight other post office savings schemes. Although 
not a Reserve Bank of India-recognized bank, this division, which is a bank for most practical 
purposes, will continue to operate in its existing form.

     The second bank would be an entirely new creation with a paid-up capital in line with the 
Reserve Bank of India's requirement. The new entity will operate with a payments bank
 licence but will be manned with banking professionals recruited from the industry. The new
 entity will have 500-700 branches which will be housed in post office premises across the 
country. Despite its lean structure, the payments bank will reach out to all customers 
across the country by using India Post infrastructure through service-level agreements with
 the department.

"When it comes to financial inclusion, the post office has the capacity to be one of the most 
disruptive elements," said Ashvin Parekh of Ashvin Parekh Advisory Services, who has been 
an adviser to the department.

     The department is expected to create a disruption because of its sheer reach. The infrastruc-
ture will include the 25,000 offices which are linked through leased lines, 1.3 lakh other post 
offices  and the postmen and other employees of ?the department who will function as business
 correspondents.

    By creating a new public sector bank, the government will overcome legal issues in 
converting  postal savings customers into bank customers. 

"For banks, the cost of inclusion is very high. As an industry, they are spending close to 
Rs 12,000  crore to telecom companies as part of the last-mile reach and another Rs 6,000 crore
 is spent on  business correspondents. As against this, banks earn around Rs 4,000 crore. By 
using its existing  infrastructure and their feet on the street, India Post can be a disruptive method
 of reducing costs," said Parekh.

     The department of posts mobilizes over Rs 6 lakh crore of long-term savings under the various
 postal savings schemes. It also has close to Rs 40,000 crore in its postal savings accounts. .
To modernize the operation of the traditional Postbank, the department is implementing 
Finacle - a core banking solution from Infosys - which will be completed by end March 2016. 
The department is also deploying its own ATM network and issuing its own ATM cards to the
 postal savings account holders. 

       The only business which is likely to shift from the traditional Postbank to the new payments 
bank would be that of remittance. It is expected that the payments bank would be able to handle
 cash remittances much better than the post office and transfer cash within hours. This will 
enable the department to grow the business several fold.

INDIA POST ATM FAQ (FREQUENTLY ASKED QUESTIONS)



Saturday, 1 August 2015

EXPECTED DA FROM JULY 2015′ IS FINALIZED AS HIKE BY 6%


AICPIN For The Month Of June 2015 – Expected DA July 2015 Finalized

3 Points increased and pegged at 261.

As per the press release of Labour Bureau today, the All India Consumer Price Index (IW) is increased by three points from the existing level and stands at 261.

So, ‘Expected DA from July 2015′ is finalized as hike by 6%

Good news to Pre-2006 pensioners