India Post News

How to download and install Service Desk Application in Mobile.

noreply@blogger.com (Anonymous) — Wed, 25 Jul 2018 07:50:00 +0000

1)Click on the below link and download the application.

Service Desk Application

2) Then go to the DOWNLOAD folder (by default all items will be downloaded to this folder) in the file manager.

3) Click on the DoPServiceDesk.apk file there.

4)Click on Install button in the next screen.

5) Then click Done in the next window. Now the application will be listed along with the other applications.

Register a Complaint using Service Desk Mobile Application.

noreply@blogger.com (Anonymous) — Mon, 23 Jul 2018 16:01:00 +0000

1) Open the DOP Service Desk Application from the Application Menu.

2) Enter the Employee ID and Password in the login screen and click the Login Button.

3) In the next screen, three options will appear.

Option 1 : Create Service Request

Select this option to request for a standard change of some type of service, software/hardware in order to access an IT service.

Option 2 : Create Incident

Select this option if the events are outside of normal operations.

Option 3 : Search Request/Incident

Select this option to search about previously registered tickets.

4) After clicking create service request, in the next screen enter the phone number

5) Enter the eMail ID

6) Click the down arrow to the right of urgency field to select the Urgency Option.

7) Select any one of the urgency option 1-When Possible or 2-Soon or 3-Quickly based on the urgency of the complaint.

8.Click the right arrow to the right of the Request Area field to view the various areas.

9) Select the appropriate request area based on the complaint.

10) If SAP is selected (as shown in picture below), then select one appropriate area displayed below SAP

11) Host/Machine name is not compulsory.

12) To select a office, Type the first few letters of the office and wait for a few seconds until the office name is listed .

13)Click on the office name which is required.

14) Type the WEG Code in the WEG Code field. (WEG Code can be obtained from the concerned Divisional Office).

15) Type the description of the complaint in the Request Description field.

16)Click on the paper clip attach symbol to the bottom left corner to attach any files if required.

17) Click the Submit button.

18) Ticket number will be displayed.

Revised SB Rates w.e.f 01/04/2014

noreply@blogger.com (Anonymous) — Mon, 31 Mar 2014 16:48:00 +0000

Revised SB Rates

Salary of a newly appointed Postal Assistant/Sorting Assistant

noreply@blogger.com (Anonymous) — Mon, 31 Mar 2014 16:39:00 +0000

If appointed in the rural areas,

Basic pay - Rs.7510

Grade Pay - Rs.2400

Dearness Allowance @ 100% - Rs.9910.00

House Rent Allowance @ 10% (BP+GP) - Rs.991.00

Transport Allowance (Rs.800+100%) - Rs.1600.00

Gross - Rs. 22411.00

If appointed in the A1 cities like CHENNAI, CALCUTTA,MUMBAI & DELHI

Basic Pay - Rs. 7510.00

Grade Pay - - Rs. 2400.00

Dearness Allowance @ 100% - Rs. 9910.00

House Rent Allowance @ 30% (BP+GP) - Rs.2973.00

Transport Allowance (Rs.1600+100%) Rs. 3200.00

Gross - Rs. 25993.00

If appointed in the B1 cities (list of B1 cities issuedby the Central Government)

Basic Pay - Rs. 7510.00

Grade Pay - Rs. 2400.00

Dearness Allowance @ 100% - Rs. 9910.00

House Rent Allowance @ 30% (BP+GP) - Rs .1982.00

Transport Allowance (Rs.800+100%) - Rs.1600.00

Gross - Rs. 23402.00

Apart from this you can draw hill station allowance if you are posted in the hill stations.

Provision of Armed Guards for conveyance of cash & Over night Security for Postoffices

noreply@blogger.com (Anonymous) — Mon, 31 Mar 2014 12:52:00 +0000

Blog for PA/SA aspirants by NFPE

noreply@blogger.com (Anonymous) — Mon, 31 Mar 2014 12:33:00 +0000

BLOG - http://www.pasaexam2014nfpekerala.blogspot.in/

INAUGURATION AT PERINTALMANNA ON 25.03.2014

Postal department to deliver pamphlets at voters doorsteps in Allahabad

noreply@blogger.com (Anonymous) — Mon, 31 Mar 2014 12:24:00 +0000

With election campaigning catching pace, candidates and their supporters need to be ready to face the heat, literally.

The soaring mercury is set to trouble those campaigning door-to-door in both urban and rural areas. At such a time, the postal department is set to give some relief to political parties with a novel method. According to a new scheme, the department will deliver pamphlets of candidates in their chosen area through Direct Post.

The director of postal services for the Allahabad region, Krishna Kumar Yadav, said as it would not be possible for candidates to reach each and every house in their constituency and also follow restrictions on processions and road shows, the postal department scheme would help them in canvassing for votes.

While social media has limited access in rural areas and there are limits enforced by operators on text messages on mobile phones, direct post may be the best choice for candidates campaigning for the Lok Sabha elections.

Under the scheme, candidates and parties can hand over election pamphlets to the post office and a postman will deliver them to all the houses in the area specified by them. The cost is just Rs 1.5 per pamphlet but there should be at least 1,000 of these for a package.

The director further said that with increasing commercial activity, the need for direct advertising of products and services is growing.

Direct Post is the unaddressed component of Direct Mail and would comprise unaddressed postal articles like letters, cards, brochures, questionnaires, pamphlets, samples, promotional items like CDs, coupons, posters, or any other form of printed communication not prohibited by the Indian Post Office Act, 1898, or Indian Post Office Rules, 1933.

For local distribution, India Post would charge Rs 1.5 per article for the first 20 grams and Rs 2 per article for distribution anywhere in the country. However, for every additional 20 grams or less, in both local and inter-city cases, Rs 1 extra would be charged, Yadav added.

Source : http://timesofindia.indiatimes.com/

Send Money Through Mobile

noreply@blogger.com (Anonymous) — Tue, 08 Oct 2013 14:04:00 +0000

The Department of Posts (DoP) launched the Mobile based Money Transfer Service by the Post Offices in the country for quicker transfer of money from one city to another.

Launching the service, Union Minister of State for Communications, Information Technology and Home Gurudas Kamat said the aim of launching this service was to help those who were unable to avail banking services. The service will be operated by DoP with technological support from BSNL.

He said to begin with the service has been launched between Punjab and Bihar Postal Circles for transfer of money up to Rs 50,000. The complete roll out throughout the country would be completed in eight weeks, he added.

The minister launched the service by remitting Rs 1,000/- to Help Age India at Patna.

Kamat said the person intending to use the service would have to go to the Post Office which will provide them a unique PIN code after the transfer of money.

The sender would have to send the PIN to the recipient through a text message who would be home delivered the money after verification of the PIN on his mobile. The recipient could also go to the Post Office and collect the money, he said.

Kamat said India Post is the largest service network for transfer of money and annually about nine Crore money orders are being sent on the postal network.

He said that to speed up the money transfer the DoP had introduced Electronic MO and Internet MO and that the mobile MO was the third such service.

Secretary Posts Radhika Doraiswamy said that the DoP also proposes to interconnect all the 1, 55,000 Post Offices in the country to subsequently introduce Core Postal Service.

She said the department would also introduce the PO Savings Bank for which the mandatory clearances were being sought.

Referring to the high cost of sending money through MO, she said, "We need to reduce the Commission charges. We should be able to do this soon".

The charges for Mobile Money Transfer will be the same as it is on the traditional money order - five per cent of the remitted amount, a departmental spokesman said.

Director of BSNL R K Aggarwal said that the BSNL-PO joint venture will help the rural customers in availing of money transfer services. This will also revolutionise the financial inclusion programme of the government, he said.

Courtesy: articles.timesofindia.indiatimes.com

Aadhar Delivery Instructions

noreply@blogger.com (Anonymous) — Wed, 21 Mar 2012 16:06:00 +0000

Reasons	Explanation	Action	Uploaded info speednet
Addressee not available at time of delivery	Door locked/addressee not available at the time of delivery for addressee specific articles	Intimation server	Intimation served
Addressee moved	Address has moved from the address and has left instructions as to redirection of his communication	Article NOT TO BE REDIRECTED BUT RETURNED TO THE “RETURN” ADDRESS AS MENTIONED ON THE uid LETTER COVER ON THE SAME DAY	Return to the sender
Item refused by address	Addressee refused to accept the article	RETURNED TO THE “RETURN” ADDRESS AS MENTIONED ON THE uid LETTER COVER ON THE SAME DAY	Return to the sender
Deceased	In case of addressee specific article, if the addressee has deceased		Return to the sender
Insufficient address	The address given on the article is incorrect, however the addressee can still be located and delivery can be made within the same office	Article NOT TO BE REDIRECTED BUT RETURNED TO THE “RETURN” ADDRESS AS MENTIONED ON THE uid LETTER COVER ON THE SAME DAY	Return to the sender
Insufficient address	Address given on the article is not complete-like name of street, house number, locality etc are not given	Article NOT TO BE REDIRECTED BUT RETURNED TO THE “RETURN” ADDRESS AS MENTIONED ON THE uid LETTER COVER ON THE SAME DAY	Return to the sender
Addressee cannot be located	There is no person of that name at the address or addressee ha gone away without leaving any instruction as to the disposal of correspondence and no reliable information is available about his/her new address		Return to the sender
UNCLAIMED	Intimation was served but the article was not taken delivery of by the addressee or his/her representative till the date of retention of the article in the office	Return of the “return” address as mentioned on the UID letters cover after the completion of period of retention (i.e 7 days following the day of receipt) at the post office	Return to the sender
Missent	The Address is correct bu it fails in delivery area of another office	Article to be redirected to the address as mentioned on the UID letter on the same day	Return to the sender {source: satirur.blogspot.com}

DA from Jan 2012 – Cabinet will decide in the next meeting on 15/03/2012

noreply@blogger.com (Anonymous) — Sat, 10 Mar 2012 16:26:00 +0000

DA from Jan 2012 – Cabinet will decide in the next meeting wich is held on 15.03.2012 …

The additional Dearness allowance which is announced every six months by the Central Government to the Central Government employees and the Pensioners is based depending upon the price hike of essential commodities all over the nation.

The statistics of All India Consumer Price Index for Industrial Workers (AICPIN-IW) is increased on account of the proportionate rise in twele-month as of December 2011, regarding the additional DA to be announced from 1.1.2012, which is based on the price rise from July 2011 to Dec 2011 in about 70 selected areas throughout India. These calculation are done by the Labour Ministry and it was sent to the Finance Ministry and discussed in the meeting of the Cabinet Ministers. The decision is expected to be finalised in the next meeting.

DA from 1.1.2012 may increase 7% form the existing rate is expected. Now all the Central Government employees and pensioners are getting 58% from their basic pay (Pan in the pay band + Grade Pay), it will become as 65% from 1.1.2012. The minimum of the enhanced amount of DA will be Rs.500 to the existing employees.

After the final decision is taken from the Cabinet Committee, order will be issued by the Finance Ministry in the end of this month and the DA for the month of March will be included in the salary and the previous two month’s DA will be paid as arrears in the month of April 2012.

Expenses for the Training to be Repaid if Employee Quits

noreply@blogger.com (Anonymous) — Fri, 09 Mar 2012 15:43:00 +0000

The Centre has made it mandatory for bureaucrats to execute a bond to pay back all expenses incurred by the government before taking up an advanced training programme, in case they leave the course or service mid-way.

The Department of Personnel and Training (DoPT) has written to all states and Union Territories about inclusion of the new clause related to the bond for recommending officers to attend Advanced Professional Programme in Public Administration (APPPA).

“The officer selected for the APPPA programme will be required to execute a Bond prior to his/her joining the programme and submit the same to his/her Cadre Controlling Authority that he/she will serve the Government for a period of five years, or to repay the total expenses incurred on the training in the event of his/her resignation, voluntary retirement or quitting programme without completing,” Joint Secretary (Training), DoPT, Upma Srivastava said.

She said that the government’s directive will come into effect from 38th APPPA programme scheduled to begin in July.

The programme is aimed at imparting specialised training in courses related to disaster management, public expenditure management, economics of regulation, management systems and rural development among others.

The estimated cost of the course, which includes a short term foreign study visit, is about Rs 3.38 lakh.

According to a DoPT official, the move was taken after noting instances of officers leaving the training programme or courses for better options.

No . 12013 / 04/20 11-Trg(TNP-38, h APPPA)

Government of India

Ministry of Personnel . Public Grievances and Pensions

Department of Personnel and Training

(Training Di v is ion)

****

Block-IV,3rd Floor. Old JNU Campus,

New Delhi-II 0067

Dated 21″ February, 201 2

Subject: 38th Advanced Professional Programme in Public Administration (APPPA)-2nd July 2012 to 31 st March 2013- inclusion of Bond condition reg.

****

In continuation of this Department’s Circular of even number dated 17th November 2011 on the above subject. It has now been decided with the approval of competent authority to include the following clause under terms and conditions of APPPA programme:

“THAT, in the event of APPPA participant failing to resume duty, or resigning or voluntarily retiring from service or otherwise quitting service, withouj returning to duty after expiry or termination of the period of training, OR failing to complete the training programme, OR quitting the service at any time within a period of FWE (5) years after the return to duty, he shall forthwith pay to the Government or as may be directed by the Government, on demand the said sum together with interest thereon from the date of demand at Government rates for the time being in force on Government loans. “

2. The officer selected for the APPPA programme will be required to execute a ‘ Bond’ (copy enclosed) prior to hislher joining the programme and submit the same to hislher Cadre Controlling Authority that he/she will serve the Government for a period of five years, or to repay the total expenses incurred on the training in the event of his/her resignation, voluntary retirement or quitting programme without completing. This will take effect from 38th APPPA programme.

(Upma Srivastava)

Joint Secretary to the Government of India

How to Use TeamViewer For a Remote Connection Between Two Computers

noreply@blogger.com (Anonymous) — Wed, 07 Mar 2012 15:05:00 +0000

The ability to remotely connect to a different computer is not something that one needs every day but, when that need does arise, it is usually for something important. It could be to facilitate remote assistance from a friend or technically superior person for addressing a problem you are facing. It could also be needed when you want to share something on your screen that needs to be shown to other person in real-time. Maybe you want to connect to your own computer at home from a different location.
TeamViewer provides an excellent solution to establishing remote connection between two computers and has more features than you might expect. Lets see how it works.
In order to get started you will need to follow this download link and obtain a version for Windows, Linux, Mac or mobile. On executing the download file you will have the choice to install the application or do a one-time run.

For an installed version you might choose to use the software for a personal or professional purpose. It lets you perform two major tasks- establish a remote connection or set up a meeting.

Establishing a Remote Connection

When you launch the application you will land on its Remote Control interface. Now, you may either share your ID and Password with a friend to share your machine or acquire one from your friend to access his/her computer.

The requestor must enter the partner’s ID and hit the button Connect to Partner. Following to this you will need to authenticate the session by entering the password.

This lets you share your computer screen and have some fun, or request help from a friend. If you want your partner to interact and access an application you will need to activate it by looking for a both-sided arrow on the title bar.

If you choose your connection to be File Transfer type, you will be allowed to send and receive files. Select the files to be transferred and destination on the other end. Hit the Send or Receive button as needed.

Setting up a Meeting

On the meeting end you might want to start a new session or join an existing one. As you may have noticed you will require your friend’s Meeting ID to join an ongoing session.

Such an ID is generated on starting a meeting from scratch. And there is no restriction on the number of people that can join. The meeting interface gives you all the privileges to share files, start a conference call and make a VOIP or video call.

You may also maintain a list of meetings by using the scheduling meetings link on the interface. It becomes a part of your profile.

Creating an Unattended Access

This feature allows you to create standalone session for you to be able to access it anywhere. It is associated to the Connection tab and requires you to register and create a user profile.

Before this you will need to choose a password for such a connection. Following that you will be able to access your machine remotely by logging into your account.

Provisions are available to use the Team Viewer application or the web service (navigate to the website) for such an approach.

SBI Assistant Recruitment 2012:Apply Online

noreply@blogger.com (Anonymous) — Tue, 06 Mar 2012 15:22:00 +0000

Here are some of the Details of 8500 Assistant vacancies in the State Bank of India.Candidates must read the Details below for applying Online for Assistant Vacancies in the SBI

Number of Vacancies: 8500 (Gen-3145, SC-2069, ST- 1337, OBC- 1949).

Pay scale: Rs 7200-400/3-8400-500/3-9900-600/4-12300-700/7-17200-1300/1-18500-800/1-19300.

Probation Period: 6 months.
Probation period is the time period during which the performance of newly appointed Candidates will be evaluated.If the Performance of candidates is satisfactory after the Probation period then HE/SHE will be regularised there by ending his/her probation period.

Eligibility Criteria: Interested Candidates who wish to apply for 8500 Assistant vacancies in the SBI must posses the below mentioned eligibility criteria.

Age Limit (As on 01.12.2011): Min Age: 18 years and Max: 28 years.

Educational Qualifications (As on 01.12.2011): Candidates must posses the below mentioned educational Qualifications

Min 12th Std Pass with 60 % marks (For Gen Candidates) and 55 % marks (For SC/ST/PWD candidates)

A Graduate Degree in any discipline from a recognised University of India. (Percentage in Graduation Does not matter)

Additional Qualifications: Apart from the academic qualification mentioned above candidates must also

Have the ability to write and speak English Language fluently.
Have the Knowledge of Local Language.

Application Fees: An application fee of Rs 350 (For Gen and OBC Candidates) and Rs 50 (For Others) will have to be deposited either by Online Mode Or By Offline mode in any Branch of State bank of India before the last date.

Procedure for Applying: Interested candidates who meet the above mentioned eligibility criteria can send their Applications Online by using the below mentioned procedure.

(I) Payment of Fees (Offline): Candidates who wish to apply with Offline Fee Payment method must fill their Online Application at www.statebankofindia.com . Candidates must carefully fill the Online Application form by following the On-Screen Instruction.After submitting the Online Application form, the system will generate a Fee Payment Challan.This Fee Payment must be printed and used for Payment of Application fee in the State bank of India.After the Payment of Application fees, the registration process is completed.

(II) Payment of Fees (Online): In this case, candidates are required to Submit their applications Online at the www.statebankofindia.com . and deposit their Application fees Online by using VISA/Master Card/ Debit Card or Net Banking.After the Payment of Application fees the system will generate an e-receipt that must printed and preserved as a record.After Submitting the Online Application, the System will generate an Application form that must be printed and preserved till the final selection

Important Dates to Note:

Online Registration will start form : 5th March, 2012

Last date for Submitting the Online Applications: 26th March, 2012

Application Fees can be paid In Between: 7th March, 2012 to 31st March, 2012

Date of Written Exam: 27.05.2012 and 03.06.2012

Dates for Downloading the Call Letter: After 12th May, 2012.

FOR MORE INFORMATION CLICK HERE :SBI CLERICAL RECRUITMENT 2012 NOTIFICATION

Recognition Of Federations

noreply@blogger.com (Anonymous) — Mon, 05 Mar 2012 04:36:00 +0000

Travelling Allowance For Central Government Employees

noreply@blogger.com (Anonymous) — Sun, 04 Mar 2012 18:08:00 +0000

In respect of those employees who opt to continue in their pre-revised scales of pay, the corresponding Grade Pay of the pay sclaes of the post occupied on 1/1/2006 would determine the TA/DA entitlements under these orders. However, for determining the Composite Transfer Grant for such employees, the term pay shall also include, in addition to the basic pay in the pre-revised Scales, stagnation increments, Dearness Pay and NPA as per orders in force on 1/1/2006.

These orders shall take effect from 1st September,2008. However, if the Travelling Allowance entitlements in terms of the revised entitlements now prescribed result in a lowering of the existing entitlements in the case of any individual, groups or classes of employees, the entitlements, particularly in respect of ‘node of travel, class of accommodation, etc,. shall not be lowered. They will instead continue to be governed by the earlier orders on the subject till such time as they become eligible, in the normal course, for the higher entitlements.

The claims submitted in respect of journey made on or after 1st September,2008, may be regulated in accordance with these orders.

It may be noted that no additional funds will be provided on account of revision in TA/DA entitlements. It may therefore be ensured that permission to official travel is given judiciously and restricted only to absolutely essential official requirements.

In so far as the persons serving in the Indian Audit & Accounts Department are concerned, these orders issue in consultation with the Comptroller & Auditor General of India.

Entitlements for Journeys on Tour:

Officers drawing grade pay of Rs.10,000/- and above and those in pay scale of HAG + and above

Business / Club Class by air / AC First class by train

Officers drawing grade pay of Rs.7,600 and Rs.8,900
Economy Class by air / AC First class by train

Officers drawing grade pay of Rs.5,400 and Rs.6,600
Economy Class by air / AC II Tier class by train

Officers drawing grade pay of Rs.4,200, Rs.4,600 and Rs.8,900
AC II Tier class by train

Officers drawing grade pay below Rs.4,200
First class / AC IIi Tier / AC Chair car by train

The revised Travel entitlements are subject to following: -

(i) In case of places not connected by rail, travel by AC bus for all those entitled to travel by AC II Tier and above by train and by Deluxe/ordinary bus for others is allowed.

(ii) In case of road travel between places connected by rail, travel by any means of public transport is allowed provided the total fare does not exceed the train fare by the entitled class.

(iii) Henceforth, all mileage points earned by Government employees on tickets purchased for official travel shall be utilized by the concerned department for other official travel by their officers. Any usage of these mileage points for purposes of private travel by an officer will attract departmental action. This is to ensure that the benefits out of official travel, which is funded by the Government, should accrue to the Government.

(iv) All Government servants are allowed to travel below their entitled class of travel.

International Travel Entitlement:

Cabinet Secretary/Secretary to G.O.I. and Equivalent
First Class.

Officers drawing grade pay of Rs. 10,000 and above and those in pay scale of HAG+
Business/Club Class.
Others Economy Class.

Entitlement for journeys by Sea or by River Steamer (SR. 40):

Offiicers drawing grade pay of Rs. 5400/- and above and those in pay scales of HAG+ and above
Highest Class.

Officers drawing grade pay of Rs. 4200, Rs. 4600 and Rs. 4800
If there be two classes only on the steamer, the lower class.

Officers drawing grade pay of Rs. 2400 and Rs. 2800
If there be two classes only on the steamer, the lower class.

If there be three classes, the middle or the second class.

If there be four classes, the third class.

Officers drawing grade pay less than Rs. 2400
The lowest class.

Accommodation entitlements for travel between the mainland and the A&N Group of Islands and Lakshadweep Group of Island by ships operated by the Shipping Corporation of India Limited will be as follows:

Officers drawing grade pay of Rs. 5400 and above and those in pay scales of HAG+ and above
Deluxe Class.

Officers drawing grade pay of Rs 4200, Rs.4600 and Rs 4800
First/’A’ Cabin class.

Officers drawing grade pay of Rs 2400 and Rs. 2800
Second/’B’ Cabin Class.

Officers drawing grade pay less than Rs. 2400
Bunk Class.

Mileage Allowance for Journeys by Road:

In supersession of S.R.46 and the Government of India’s order thereunder, the grade pay ranges for travel by public/bus/auto/rickshaw/scooter/motor cycle, full taxi/taxi/own car is revised as indicated below:

Officers drawing grade pay of Rs 10,000 and above and those in pay scales of HAG+ and above.
Actual fare by any type of public bus including air-conditioned bus;

OR
At prescribed rates of AC Taxi when the journey is actually performed by AC Taxi;
OR
At prescribed rates for auto rickshaw for journeys by auto rickshaw, own scooter, motor cycle, moped etc.

Officers drawing grade pay of Rs. 5400, Rs. 6600, Rs. 7600, Rs. 8700 and Rs. 8900
Same as at (i) above with the exception that journeys by AC taxi will not be permissible

Officers drawing grade pay of Rs. 4200, Rs. 4600 and Rs. 4800
Same as at above.

Officers drawing grade pay of Rs 2400 and above but less than Rs. 4200.
Actual fare by any type of public bus other than air-conditioned bus;

OR
At prescribed rates for auto rickshaw for journeys by auto rickshaw/own scooter/motorcycle/moped etc.

Officers drawing grade pay below Rs. 2400
Actual tare by ordinary public bus only;
OR
At prescribed rates for auto rickshaw/own scooter/motorcycle/ moped etc.

Mileage allowance for road journeys shall be regulated at the following rates in places where no specific rates have been prescribed either by the Director of Transport of the concerned State or of the neighbouring States:
1. For journeys performed in own car/taxi: Rs. 16 per km.
2. For journeys performed by auto rickshaw own scooter, etc.: Rs. 8 per km.
3.The rate of Mileage Allowance for journeys on bicycle on tour and transfer, is revised from 60 paise to Rs 1.20 per kilometer.

Daily Allowance on Tour:

Officers drawing grade pay of Rs. 10,000/- and above and those in pay scales of HAG+ and above

Reimbursement for Hotel accommodation/guest house of upto Rs. 5000 per day, reimbursement of AC taxi charges of upto 50 kms for travel within the city and reimbursement of food bills not exceeding Rs. 500 per day.

Officers drawing grade pay of Rs. 7600 to Rs. 8900
Reimbursement for Hotel accommodation of upto Rs. 3000 per day; reimbursement of non-AC taxi charges of upto 50 kms per diem for travel within the city and reimbursement of food bills not exceeding Rs. 300 per day.

Officers drawing grade pay of Rs. 5400 to Rs. 6600
Reimbursement for Hotel accommodation of upto Rs. 1500 per day, reimbursement of taxi charges of upto Rs. 150 per diem for travel within the city and reimbursement of food bills not exceeding Rs. 200 per day.

Officers drawing grade pay of Rs. 4200 to 4800
Reimbursement for Hotel accommodation of upto Rs. 500 per day; reimbursement of travel charges of upto Rs. 100 per diem for travel within the city and reimbursement of food bills not exceeding Rs. 150 per day.

Officers drawing grade pay of below Rs. 4200
Reimbursement for Hotel accommodation of upto Rs. 300 per day, reimbursement of travel charges of upto Rs. 50 per diem for travel within the city and reimbursement of food bills not exceeding Rs. 100 per day.

In case of stay/journey on Government ships, boats etc. or journey to remote places on foot/mules etc., for scientific/data collection purposes in organization like FSI, Survey of India, GSI etc., daily allowance will be paid at rate equivalent to that provided tor reimbursement of food bill. However, in this case the amount will be sanctioned irrespective of the actual expenditure incurred on this account with the approval of the Head of Department/controlling officer. For journeys on foot, an allowance of Rs. 5 per kilometer travelled on foot shall be payable additionally.

TA on Transfer:

Accommodation and Mileage Allowance Entitlements:

(i) Accommodation and Mileage Allowance entitlements as prescribed at para 2 above, except for International Travel, for journey on tour by different modes will also be applicable in case of journeys on transfer. The general conditions of admissibility prescribed in S.R. 114 will, however, continue to be applicable.

(ii) The provisions relating to small family norms as contained in para 4(A) of Annexure to M/o Finance O.M. F. No. 10/2/98-IC &F. No. 19030/2/97-EIV dt. 17th April 1998, shall continue to be applicable.

Transfer Grant and Packing Allowance:

(i) The Composite Transfer Grant shall be equal to one month’s pay as defined in para 3 of this O.M. in case of transfer involving a change of station located at a distance of or more than 20 km from each other.

(ii) In cases of transfer to stations which are at a distance of less than 20 kms from the old station and of transfer within the same city, one third of the composite transfer grant will be admissible, provided a change of residence is actually involved.

(iii) At present, only one transfer grant is permitted if the transfer of husband and wife takes place within 6 months of each other from the same place to the same place. With effect from the date of implementation of these orders, in cases where the transfer take place within six months, but after 60 days of the transfer of the spouse, fifty percent of the transfer grant on transfer shall be allowed to the spouse transferred later. No transfer grant shall be admissible to the spouse transferred later in case both the transfers are ordered within 60 days. The existing provisions shall continue to be applicable in case of transfers after a period or six months or more. Other rules precluding transfer grant in case of transfer at own request or transfer other than in public interest, shall continue to apply unchanged in their case.

Transportation of Personal Effects:

Officers drawing grade pay of Rs. 7600 and above and those in pay scale HAG+ and above
6000 kgs. by goods train/4 wheeler wagon/1 double container 18.00

(Rs. 0.30 per kg. per km.)

Officers drawing grade pay of Rs. 4200, Rs. 4600, Rs. 4800, Rs. 5400 and Rs. 6600
6000 kgs. by goods Train/4 wheeler wagon/1 single container 18.00

(Rs. 0.30 per kg. per km.)

Officers drawing grade pay of Rs. 2800
3000 kgs. 9.00

(Rs.0.31 per kg. per km.)

Officers drawing grade pay below Rs. 2800
1500 kgs. 4.60

(Rs.0.31 per kg. per km.)
The rates for transporting the entitled weight by Steamer will be equal to the prevailing rates prescribed by such transport in ships operated by Shipping Corporation of India.

Transportation of Conveyance:

Officers drawing grade pay of Rs. 4200 and above and those in pay scales of HAG+ and above
One motor car etc or one motor cycle/scooter, or one horse

Officers drawing grade pay less than Rs. 4200
One motorcycle/scooter/Moped or one bicycle.

T.A. Entitlement of Retiring employees:

Transportation of Conveyance:

In partial modification of S.R. 147 the expenditure on transportation of conveyance by government servants on their retirement shall be reimbursed without insisting on the requirement that the possession of the conveyance by them while in service at their last place of duty should have been in public interest.

Lumpsum Transfer Grant and Packing Allowance:

(i) The composite transfer grant equal to a month’s pay last drawn as defined in para 3 of this O.M. may be granted in the case of those employees who, on retirement, settle down at places other than the last station(s) of their duty located at a distance of or more than 20 kms. The transfer incidentals and road mileage for journeys between the residence and the railway station/bus stand, etc. at the old and new station, presently admissible are subsumed in the composite transfer grant and will not be separately admissible.

(ii) As in the case of serving employees, government servants who, on retirement, settle at the last station of duty itself or within a distance of less than 20 kms may be paid one third of the composite transfer grant subject to the condition that a change of residence is actually involved.

The TA/DA rates shall automatically increase by 25% whenever Dearness Allowance payable on the revised pay structure goes up by 50%.

Windows 8 Consumer Preview Unveiled..

noreply@blogger.com (Anonymous) — Thu, 01 Mar 2012 15:46:00 +0000

Microsoft Wednesday released its "Consumer Preview" of Windows 8, and before Windows President Steve Sinofsky finished his presentation to reporters at Mobile World Congress 2012, downloads had begun in 70 countries.

Windows 8 fluidly combines keyboard, mouse, and touch: end users can use all three interchangeably, moving apparently effortlessly between them

This release is the first that non-developers can get their hands on. And "hands on" is literal: Windows 8 fluidly combines keyboard, mouse, and touch: end users can use all three interchangeably, moving apparently effortlessly between them. One of the Microsoft presenters talked about her experience of learning new ways to interact with her various computers, using a keyboard in some cases, but finding a growing numbers of ways to interact with touch (view a summary of gestures that can be used to navigate Windows 8 devices).

he demonstration laid great stress on the PC and the power and value of the Windows OS. But Windows 8 is clearly targeted at the exploding market for ultrabooks and tablets - for a new world of mobile computing, cloud services, always-on social networks, and pervasive wireless networks that combine cellular, Wi-Fi, Bluetooth, and near field communications.

As the Consumer Preview name implies, this announcement was focused on Windows 8 for end users. But Sinofsky said that Microsoft will detail the enterprise features preserved and created for Windows 8 at the upcoming CeBIT show in Hannover, Germany in March.

BACKGROUND:

Something like 20 device prototypes or reference designs were on display from Microsoft chip and OEM partners, but no one from the audience was allowed to touch them afterwards. The diversity was striking: for the first time, Windows is running on non-Intel silicon: the ARM processor. ARM partners for Windows 8 are Nvidia, Texas Instruments and Qualcomm.

The full suite of Microsoft Office 15 applications was showcased on the ARM devices, underlying the fact that Windows 8 on ARM will not be a compromise.

The devices themselves ranged from an 82-inch flat panel display, through an array of ultrabooks, convertibles, and tablets. Most of them featured small bezels to create a sense of seamless encompassing touch surface. Thin is in: some of the device makers had to figure out innovative ways to incorporate full-size peripheral ports in cases that were thinner than full-size ports. Some were in gleaming black plastic, others were metal. Vendors included Dell, Lenovo, Acer, HP, Samsung and Intel itself.

"This is Windows, re-imagined," an ebullient Sinofsky declared, repeating a phrase sounded when the Developer Preview of Windows 8 was unveiled about five months ago. This time, it seemed justified.

He said over 100,000 changes had been made for the Consumer Preview.

The most striking difference is the new user interface, Metro, based on the radically different user interface originally designed for Microsoft's re-launched mobile OS, Windows Phone.

Gone, or more accurately initially invisible, is the classic Windows Desktop. Instead, the Metro Start page shows the distinctive collection of brightly colored square and rectangular "tiles", each one representing an app or service. The tiles combine with another unique Metro feature: a strong reliance on text and typography to communicate and guide.

These tiles can be swapped and moved, and the screens of the PCs and tablets that will host Windows 8 create a much larger surface to organize your space. Each tile is "live" that is linked with notifications and other state changes to show continually updated information, such as a new email or Facebook update.

The Windows Desktop is still accessible, and can run onscreen side by side with pure Metro style apps.

A wide range of Microsoft apps have been Metro-cized and all partake of another key attribute of Windows 8: "contracts," which are a way for Windows 8 applications to automatically share information with each other. It's an important part of Microsoft's effort to make Windows 8 a platform that almost intuitively lets users integrate information. Within every Metro app, a user has a built-in search option for that app, without exiting to a separate browser.

DARK SIDE

A full-screen feature will cause a Metro app to fill up the entire display. A set of "charms" or icons can be pulled out from the side to take additional actions.

The collection of apps, data, settings and personalization in effect "follows" a user as he moves from a desktop computer to a notebook or a tablet.

Windows 8 offers a SkyDrive app, giving a Metro style interface to Microsoft's online storage and sync service. Windows 8 treats local and cloud storage seamlessly: one demo showed a user quickly attaching photos from SkyDrive and a local disk and sending them in an email.

Windows 8 is smaller than Windows 7, it runs fewer processes and threads, and there's closer resource management of background apps to optimize the user experience. The goal is to streamline Windows, and make it at the same time both tougher and more fluid. One laptop went from a cold start to full screen ready to use in just under eight seconds. The OS senses when you're not using an app and puts it to sleep, waking instantly when you return to it. The system itself wakes from sleep almost instantly.

A new concept of a "class driver" makes it much easier to simply plug in a new peripheral, and have it recognized and ready to run, without the current delays as the OS searches for and installs additional drivers.

Also demonstrated was Windows to Go: a USB stick with the full Windows 8 implementation was plugged into a notebook loaded with Windows 7, and started. Windows 8 booted just as quickly as it did on the bare metal, and coexists with Windows 7.

The Windows 8 Consumer Preview, available at preview.windows.com, comes with the Internet Explorer 10 Preview #5, the latest. Also available are a range of Microsoft and third-party applications already part of the download.

Microsoft has opened the previously announced Windows Store where users can download Metro apps. During the Consumer Preview phase, all apps will be free. The store home page features a 'spotlight' space at left for featured apps, and to the right categories or classes of apps which can be drilled into for details.

Sinofsky didn't give a firm date for general availability of the final OS. He did say Microsoft has moved into the next stage - moving toward Release Candidate, to be followed by release to manufacturing, and shortly thereafter, general release. The expectation still is that Windows 8 will be released well before the end of 2012.

Source : techworldunleashed.blogspot.com

NPS will be linked to Aadhar : Jairam Ramesh

noreply@blogger.com (Anonymous) — Wed, 29 Feb 2012 16:22:00 +0000

The Rural Development Minister Shri Jairam Ramesh today said that National Social Assisstance Programme, NSAP will be completely restructured and all payments under the scheme will be done through Aadhar-based payment system. Talking to a select group of media persons here, he said, the restructured system will be in place by 10th of March this year and it will ensure that each beneficiary under old age, disabilities and widow pension schemes will get one’s entitlement every month and there will be no delay in payments. He said, the Central government spends nearly 8,000 crore rupees under the NSAP scheme, but the devolvement of funds is being done in a complicated process in a layered manner, which he said will be rectified and only one State Agency will be identified for receipt of funds for final disbursement to pass book holders through Aadhar-based system.

The Minister informed that he had already written to the Finance Ministry for relaxation of certain norms like reducing the criteria for disability to 40% from the existing 80%, which leads to exclusion of a very large number of disabled persons in rural areas. Moreover, they also face problem in getting a medical certificate verifying 80% criteria. Shri Ramesh said, presently the Indira Gandhi National Widow Pension Scheme gives assistance of Rs-200 per month to BPL widows over the age of 40, which can be modified to cover widows over the age of 18. There is also a demand to enhance the amount under National Family Benefit Scheme from Rs-10,000 to Rs-20,000, which is paid to a BPL family whose main bread-winner dies, besides inclusion of children/youth in the 5 to 20 age group to get the disability pension benefit, which is now restricted to those over the age of 20.

Money Gram In Post Offices

noreply@blogger.com (Anonymous) — Wed, 29 Feb 2012 16:14:00 +0000

Send cash around the world, quickly and safely from £4.50

MoneyGram are located in over 256,000 agent locations in 192 countries and territories worldwide
securely transfer up to £5,000
monies typically arrive within 10 minutes
competitive rates for MoneyGram® service
available at your local identified Post Office®

Schedule of Fees of Savings Bank and Savings Certificate

noreply@blogger.com (Anonymous) — Wed, 29 Feb 2012 16:07:00 +0000

Sl no	Nature of Service	Rate of Fee
1	Collection of out station cheques, upto RS 1000 Beyond Rs 1000 per Rs 1000/-	30 3
2	Issue of Duplicate passbook (in the shape of Postage stamps)	10
3	Transfer of a/c from one po to another	Free
4	Supply of ledger copy, For every 30 entries	2
5	Certificate of Balance in SB/RD/TD accounts	Free
6	Certificate of annual interest paid in TD accounts	Free
7	Registration of Nomination or Variation of Nomination other than first ( in the shape of Postage stamps)	1
8	Issue of Fresh Passbook in lieu of used up	Free
9	Issue of Fresh passbook for spoiled one	10
10	Issue of Certificate of SAS Commission	1
11	Transfer of PPF account from one P.O to Another	Free
12	Issue of Duplicate Passbook of PPF account	1
13	Issue of duplicate passbook of SCSS account For first time For 2nd and all subsequent time	10 20
14	Issue of Certificates of Holding of Savings accounts or savings Certificate	Free
15	Issue of Certificate of accrual of annual interest	Free
16	Transfer of SCSS account from one PO to another 1.Where amount of deposit is less than one lakh 2.Where amount of deposit is above Rs.one lakh (a) for first transfer per lakh (b) for second transfer per lakh	Free 5 10
17	Issue of duplicate NSC (per certificate)	5
18	Conversion of NSC from one denomination to another (per certificate)	5
19	transfer of NSC from one person to another (per certificate)	5
20	2nd registration of nomination or variation of nomination of NSC (per certificate)	5
21	Pledging or pledge releasing of NSC Certificate (per certificate)	5
22	Transfer from deceased holder to heir of NSC ( per certificate)	5
23	Certificate of discharge of NSC (per registration NO).	5
24	For attestation of specimen signature of SB depositor for purpose other than SB work per attestation	10

Postal Life Insurance

noreply@blogger.com (Anonymous) — Tue, 28 Feb 2012 16:40:00 +0000

Postal Life Insurance was started in 1884 as a welfare measure for the employees of Posts & Telegraphs Department under Government of India. Due to popularity of its schemes, various departments of Central and State Governments were extended its benefits. Now Postal Life Insurance is open for employees of all Central and State Government Departments, Nationalized Banks, Public Sector Undertakings, Financial Institutions, Local Bodies like Municipalities and Zila Parisads, Educational Institutions aided by the Government etc.

WHY CHOOSE PLI ?

“ High Bonus Low Premium ”

PLI offers bonus rates higher than all types of policies as compared to that of other insurance agencies.

SALIENT FEATURES

Salient Features of Postal Life Insurance:

Pass book Facility:

Premium can be remitted in any departmental Post Offices in India.

Recovery of premium from Pay:-Facility of recovery of premium from salary is available to some selected Departments.

Loan Facility:

Loan can be obtained at the interest charge of 10% p .a Loan can be obtained from other financial institutions like nationalised bank, HDFC etc on the security of Policies.

Assurance upto 10 Lakhs:

PLI offers policies up to a maximum Sum Assured of Rs.10 lakh for Whole life and Endowment Assurance Policies.

Income Tax Savings:

PLI Premium paid is eligible for Income Tax Savings under section 80C of Income Tax Act.

Non Medical Scheme.

Scheme of Non Medical policies of Endowment Assurance available up to One Lakh Sum Assured ,subject to conditions.

BENEFITS

Benefits of Postal Life Insurance.

100% security by Government of India
Income Tax Rebate under Sec. 88.
Low Premium.
High Bonus.
Options for Loan, Assignment, Surrender, Conversion and Paid Up Value.
Repayment of Loan is optional. However interest is payable every 6 months.
Easy transfer to any place in India free of cost.
Pass book facility for payment of premia & other payments like loan, interest through any Departmental Post Office.
Pay recovery facility for Institutions and Organizations having more than 20 policies.
Facility for payment of premia monthly, half yearly and annually on any working day of the month for which it is due.
Rebate @ 1% for payment of 6 months premia in advance.
Rebate @ 2% for payment of 12 months premia in advance.
Nomination facility.
Facility for revival of policies lapsed due to non-payment of premium.
Payment of policy money through any Post Office, anywhere in India.
Centralized accounting for quick and easy settlement of claims through fully computerized office management.

How Taxation Can Affect Your Returns?

noreply@blogger.com (Anonymous) — Tue, 28 Feb 2012 16:30:00 +0000

Equity markets have been highly volatile during the last few years. Still recovering from the last fall, coupled with steep rise in interest rates, most of the investors have since looked for safer avenues to safeguard their investments. Although, among all debt instruments, Public Provident Fund (PPF) , National Savings Certificate (NSC), Post Office Monthly Income Schemes (POMIS) always command high priority, Fixed Deposits(FDs) by banks have gained popularity in recent times. The primary reason is the attractive interest rates offered by the banks along with sovereign guarantee, giving investors a sense of security.

However, within this euphoria, most investors neglect taxation aspect while investing in fixed deposits. What they failed to consider is that taxation can significantly lower returns generated by this instrument.

How FD is taxed

The interest income earned through fixed deposit is taxable, if the interest amount exceeds Rs 10,000, in any financial year. This income is added to your total income under header "Income from other sources" and then taxed as per the income slab. A very important point to note is that the interest income from fixed deposits are taxed on accrual basis and not when actually received. This means that the tax on interest income earned at the end of financial year have to be paid even if the interest is credited at a later year. For e.g. if you are investing Rs 75000 in a fixed deposit for five years, you will have to pay tax on liable interest for all financial years it spans, even though the interest will be credited at the end of fifth year. Also, Tax Deducted at Source (TDS) is deducted by the banks if the interest amount exceeds Rs 10000 from one or through multiple investments. Even FDs in name of the minor attract TDS, if the interest exceeds the limit.

What you earn?

In a higher interest rate scenario, the going is good for investors in lower tax bracket. The investments from fixed deposits yield them returns that are worth talking about. But as your income go into the higher slabs the taxation starts affecting the net earnings.

Consider an interest rate of 9.25% p.a. on a 10 year fixed deposit of Rs 2 lakh. Most of us will be lured by this fixed return which is very high if compared with rates few years back. However, the real picture is very different from what is presumed when taxation is considered.

Tax Slab (%)	Amount Invested (Rs)	Interest (Rs)	Tax (Rs)	Net Interest Earned (Rs)	Post Tax Return (%)
10	200000	18500	1905.5	16594.5	8.29
20	200000	18500	3811	14689	7.34
30	200000	18500	5716.5	12783.5	6.39

As can be seen from the above illustration individuals in higher tax slab of 30.9% tax, the post-tax returns are 6.3% from this fixed deposit. As against this, an individual in the lowest tax slab will be able to fetch 8.3% return on the same investment post taxation. Surely, the benefit accruing to lower tax category has lot to cheer.

Should you Invest?

Fixed Deposits are highly liquid instruments and hence are best suited for goals where immediate fund requirement is very high. However, sometimes, high interest rate scenarios like existing today provides good investment opportunities for some category of investors even for long term. Senior Citizens who earns .25-.50 basis more on FDs and enjoy higher exemption limit in income tax are poised to benefit most from this instrument. A retired banker (Senior Citizen) today is able to fetch interest rate close to 11% on a 10 year FD from the same bank where he served. Even if he pays the maximum marginal tax he will still earn close to 8% which will give him a decent income. Inflation is something one has to live with but effect of taxation can be reduced by deploying some tax planning strategies. What you need to consider is post-tax earnings and not just the attractive interest rates, to get a true picture of what you will receive at the end.

All India Strike

noreply@blogger.com (Anonymous) — Tue, 28 Feb 2012 16:21:00 +0000

Banking, insurance, telecom, transport, Defence, mining, postal, and other Central and State Government services could be hit on Tuesday owing to the country-wide strike call by central trade unions.

This is for the first time that trade unions of all hues — the Left, the Congress, the BJP, the Shiv Sena, and the Muslim League — have joined hands to protest against what they call violation of trade union rights, growing contracterisation, disinvestment, privatisation and growing price rise.

“Apart from the 11 central trade unions, 40 federations and about 5,000 other unions will be participating in the action,” said Mr A..K. Padmanabhan, President, Centre for Indian Trade Unions.

Asked why the unions were not heeding to appeals by the Prime Minister and the Labour Minister, Mr Padmanabhan said: “They have still not called us for talks. We were forced to give the strike notice only after repeated attempts to reach out failed. Workers from organised and organised sectors are expected to participate in the “mega” strike.

ATM in Indian Post Offices

noreply@blogger.com (Anonymous) — Thu, 23 Feb 2012 15:21:00 +0000

The India Post (भारतीय डाक), one of the largest postal service provider in the world with largest network of post offices, post boxes and letter boxes. That too in most of the country, with this India Post is going to expand its service in Banking sector too.
Everyone knows that we can deposit our money in Post offices through its special saving schemes we can get regular returns. Even post offices provide cheque book and many other facilities like Core Banking with computerized solution and opening of a savings bank account with India Post.
To enhance its banking sector and provide benefit to its customers India Post will employe Automatic Teller Machines (ATM’s) all over India at different different places. The Indian Post ATM’s will enable saving account holders of the post offices to withdraw money as they do in other bank ATM’s.
The India Post had filed a request regarding the same with Reserve Bank of India (RBI) and according to sources, the request will get approval in few months from now which will enable Indian Post offices to install ATM machines in cities and towns.
Being one of the largest networks, if India Post jumps in to Banking sector it will create a huge buzz around. It is available in even remote areas of our country and by providing services like ATM Cards and Cheque Books it will create a tough competition for other banks like Bank of Baroda and State Bank Of India.

New SB Rates In Short

noreply@blogger.com (Anonymous) — Wed, 22 Feb 2012 11:15:00 +0000

Scheme	Interest payable, Rates, Periodicity etc.	Investment limits and Denominations	Salient features including Tax Rebate
Post Office Savings Account	4.0% per annum on individual/ joint accounts.	Minimum INR 50/-.	Cheque facility available. Interest Tax Free.
5-Year Post Office Recurring Deposit Account	On maturity INR 10/- account fetches INR 738.62/-. Can be continued for another 5 years on year to year basis.	Minimum INR 10/- per month or any amount in multiples of INR 5/-. No maximum limit.	One withdrawal upto 50% of the balance allowed after one year. Full maturity value allowed on R.D. Accounts restricted to that of INR. 50/- denomination in case of death of depositor subject to fulfillment of certain conditions. 6 & 12 months advance deposits earn rebate.
Post Office Time Deposit Account	Interest payable annually but calculated quarterly. Period Rate 1 yr. A/c 7.70% 2 yr. A/c 7.80% 3 yr. A/c 8.00% 5 yr. A/c 8.30%	Minimum INR 200/- and in multiples thereof. No maximum limit.	Account may be opened by individual. The investment under 5 year scheme qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.
Post Office Monthly Income Account Scheme	8.2% per annum w.e.f. 01.12.2011	In multiples of INR 1500/- Maximum INR 4.5 lakhs in single account and INR 9 lakhs in joint account.	Maturity period is 5 years. Can be prematurely encashed after one year with some conditions. No Bonus is admissible on maturity in respect of MIS accounts opened on or after 01.12.2011.
15 year Public Provident Fund Account	8.6% per annum w.e.f. 01.12.2011	Minimum INR. 500/- Maximum INR. 1,00,000/- in a financial year. Deposits can be made in lumpsum or in 12 installments.	Deposits qualify for deduction from income under Sec. 80C of IT Act. Interest is completely tax-free. Withdrawal is permissible every year from 7th financial year. Loan facility available from 3rd Financial year. No attachment under court decree order.
National Savings Certificate (VIII Issue)	INR. 100/- grows to INR 150.90 after 5 years.	Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.	A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor. Deposits qualify for tax rebate under Sec. 80C of IT Act. The interest accruing annually but deemed to be reinvested will also qualify for deduction under Section 80C of IT Act.
National Savings Certificate (IX Issue)	INR. 100/- grows to INR 234.35 after 10 years.	Minimum INR. 100/- No maximum limit available in denominations of INR. 100/-, 500/-, 1000/-, 5000/- & INR. 10,000/-.	A single holder type certificate can be purchased by an adult for himself or on behalf of a minor or to a minor. Interest on these certificates shall be liable to tax under the Income-Tax Act, 1961 (43 of 1961, on the basis of annual accrual specified in rule15, but no tax shall be deducted at the time of payment of discharge value.
Senior Citizen Savings Scheme	9% per annum, payable from the date of deposit of 31st March/30th Sept/31st December in the first instance & thereafter, interest shall be payable on 31st March, 30th June, 30th Sept and 31st December.	There shall be only one deposit in the account in multiple of INR.1000/- maximum not exceeding rupees fifteen lakh.	Maturity period is 5 years. A depositor may operate more than a account in individual capacity or jointly with spouse. Age should be 60 years or more, and 55 years or more but less than 60 years who has retired on superannuation or otherwise on the date of opening of account subject to the condition that the account is opened within one month of receipt of retirement benefits. Premature closure is allowed after one year on deduction of 1.5% interest & after 2 years 1% interest. TDS is deducted at source on interest if the interest amount is more than INR 10,000/- p.a. The investment under this scheme qualify for the benefit of Section 80C of the Income Tax Act, 1961 from 1.4.2007.

National Postal Policy to be announced in 2012: Kapil Sibal

noreply@blogger.com (Anonymous) — Tue, 21 Feb 2012 13:37:00 +0000

NEW DELHI: A policy targeting expansion and modernisation of the postal network would be announced this year, said Communications Minister Kapil Sibal said on Wednesday and added that the postal department had applied to the Reserve Bank of India (RBI) for a banking licence.

"The nature of postal services has changed dramatically, to recognise this change there needs to be a new policy framework not only to participate in the change but to take the postal department to a new height," the minister told reporters after a round table with postal stakeholders.

He added that the policy would ensure that all courier service providers were registered with the government. It would also provide affordable services at all points in the country as part of its Universal Service Obligation.

The minister added that he had written to Finance Minister Pranab Mukherjee to expedite the granting of a banking licence. This would help in making financial inclusion a reality.

A sustainable tariff policy for providing basic postal services also has to be determined besides laying down standards with respect to size and preparation of packages, choosing a specific mail product or value addition to an existing product, the draft policy states.

Government officials, operators' representative associations, users of postal and communication services, banks, regulators, transports and corporate entities are asked to submit their suggestions on the draft policy to the government.

The policy is expected to adopt a two-pronged approach, firstly develop services that assist, enhance and quicken the process of development aimed at inclusive growth and secondly reposition India Post to become a self-sufficient and cost-effective provider of these services.

The department is also expecting large scale private sector participation in providing value added services and extending the department's product range beyond the current core functions.

"There are tremendous opportunities for the private corporate sector to use its ingenuity to create innovative products and delivery mechanisms through the Indian postal network," Sibal said.

India currently has 1.55 lakh post offices, 95 percent of which are located in rural areas.