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Wish U all a very happy New Year

2020-12-31T21:06:00.000+05:30

Aadhaar Card Linking: Points Aadhaar Card Holders Need To Know

2018-02-23T18:11:00.000+05:30

March 31, 2018 is the last date to link Aadhaar card or the 12-digit Unique Identity Number with various government schemes and financial services. These range from PAN card, bank accounts and mobile SIMs to mutual fund investments and small savings schemes such as PPF (Public Provident Fund) and KVP (Kisan Vikas Patra). The Unique Identification Authority of India (UIDAI) – the issuer of the 12-digit Aadhaar number or Unique Identity Number (UID) as well as Aadhaar card – has in a communication dated January 14, 2018 sought to address some frequently asked questions (FAQs).

Here are some of the FAQs about Aadhaar which card holders need to know, according to UIDAI,

1. The UIDAI has all my data including biometrics, bank account, PAN etc. Will it be used to track my activities?

Absolutely false. UIDAI database has only the following information –

(a) Your name, address, DOB, gender, date of birth

(b) Ten finger prints, two IRIS scans, facial photograph

Rest assured, UIDAI does not have your information about family, caste, religion, education, bank accounts, shares, mutual funds, financial and property details, health records etc and will never have these information in its database.

In fact, Section 32(3) of the Aadhaar Act 2016 specifically prohibits UIDAI from controlling, collecting, keeping or maintaining any information about the purpose of authentication either by itself or through any entity.

2. When I link my bank accounts, shares, mutual funds and mobile phones with Aadhaar, will the UIDAI not get this information?

Absolutely not. When you give Aadhaar number to your banks, mutual fund companies, mobile phone companies, they only send Aadhaar number, your biometrics (given at the time authentication) and your name etc to UIDAI for verification for your identity. They do not send your bank account or its details to UIDAI.

So far as UIDAI is concerned, it responds to such verification requests by replying either ‘Yes’ or ‘No’. In few cases, if the verification answer is ‘Yes’, your basic KYC details (name, address, photo etc.) available with UIDAI are sent to the service provider.

3. Why am I being asked to link all my bank accounts with Aadhaar?

For your own security, it is necessary to verify identity of all bank account holders and link them with Aadhaar to weed out the accounts being operated by fraudsters, money-launderers, criminals etc. When every bank account is verified and linked with Aadhaar and then If anyone fraudulently withdraws money from your account, through Aadhaar such fraudster can easily be located and punished.

Therefore, by linking your bank accounts with Aadhaar, your accounts becomes more secure and not the other way around.

4. Do NRIs need Aadhaar for banking, mobile, PAN and other services?

Aadhaar is only for residents of India. NRIs are not eligible to get Aadhaar. The respective service providers like banks and mobile companies have laid down NRI-specific exemptions. NRIs should simply tell the banks and other service providers such as credit card companies etc that they are not required to provide Aadhaar numbers by virtue of being non-resident Indians.

5. Why am I being asked to verify and link my mobile numbers with Aadhaar?

For your own security and security of our country, it is necessary to verify identity of all mobile subscribers and link them with Aadhaar to weed out mobile numbers being operated by fraudsters, money-launderers, criminals etc. It has been found that most criminals and terrorists get SIM cards issued in the name of fictitious and even real people without their knowledge and use them for committing frauds and crime. When every mobile number is verified and linked with Aadhaar, then fraudsters, criminals, and terrorists using mobiles can be easily identified and punished in accordance with law.

6. Can the mobile company store my biometrics taken at the time of SIM verification and use them for other purposes later?

No one, including mobile phone companies, can store or use your biometrics taken at the time of Aadhaar verification and linking. The biometrics are encrypted as soon as Aadhaar holder places his finger on fingerprint sensor and this encrypted data is sent to UIDAI for verification.

Regulation 17(1)(a) of the Aadhaar (Authentication) Regulations 2016, strictly prohibits any requesting entity which includes mobile phone companies, banks etc from storing, sharing or publishing the finger-prints for any reason whatsoever and neither shall it retain any copy of such fingerprints. Any violation of this provision is a punishable offence under the Aadhaar Act 2016.

7. Some agencies are not accepting e-Aadhaar. They insist on original Aadhaar. Why?

e-Aadhaar (downloaded Aadhaar) from UIDAI website is as legally valid as original Aadhaar issued by UIDAI . Both should be acceptable by all Agencies. In fact downloaded e-Aadhaar has updated address etc. of the Aadhaar holders and therefore should be preferable. If anyone refuses to accept downloaded e-Aadhaar, the Aadhaar holder may lodge complaints with higher authorities of those departments/agencies.

India Post Payment Bank Recruitment: Salary Doubts Answered

2018-02-23T18:05:00.001+05:30

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.

Fixation of Pay of IP/ PA deputation as Manager/ Assistant Manager in IPPB

2018-02-23T18:01:00.001+05:30

Fixation of Pay of IP/ PA deputation as Manager/ Assistant Manager in IPPB

Long live India Post Payments Bank

2018-01-29T21:24:00.000+05:30

A June 2016 report in Mint described India Post Payments Bank (IPPB) as the “hottest game in town”. Some 50 entities, including International Finance Corp., Barclays Plc., Deutsche Bank AG, Citibank NA and several state-owned banks were jostling to form different kinds of partnerships with the department of posts, or DoP, the promoter of the payments bank. Apparently, commercial banks, insurance firms and asset management companies were making a beeline to form equity partnerships, joint ventures and many other mutually beneficial arrangements with IPPB.

It’s almost a year since its first two “pilot” branches at Raipur (Chhattisgarh) and Ranchi (Jharkhand) were inaugurated by finance minister Arun Jaitley and minister of state for communications Manoj Sinha through video conferencing. Where are these banks, insurance firms and asset management companies? How has IPPB been doing? IPPB has a customer base of a few thousands and its deposit kitty is less than Rs1 crore.

The objective of this column is not to write an obituary of this initiative—something I had done not so long ago for Bharatiya Mahila Bank Ltd, a misadventure of the erstwhile United Progressive Alliance-led government. Of the 11 entities that had got the Reserve Bank of India’s (RBI’s) in-principle approval to set up payments banks so far, only four—including IPPB—have gone live and three have opted out even as another four are busy sorting out regulatory, technical and business issues. There seems to be something inherently wrong with the business model itself. On top of that, IPPB, being government-owned, has unique challenges.

Going by the RBI guidelines for payments banks, there is a need for transactions and savings accounts for the underserved in the population. Also, remittances have both macroeconomic benefits for the region receiving them as well as microeconomic benefits for the recipients. Higher transaction costs of making remittances shrink these benefits. So, the primary objective of setting up payments banks is to “further financial inclusion by providing small savings accounts and payments/remittance services to migrant labour workforce, low-income households, small businesses, other unorganized sector entities and other users, by enabling high volume-low value transactions in deposits and payments/remittance services in a secured technology-driven environment.”

Most of these services are currently provided by India’s mainstream banks, albeit with a degree of reluctance as these activities are seen to be loss-making. The challenge is how to make profits out of these services. IPPB started operations with a borrowed information technology (IT) platform from Punjab National Bank (PNB). How will a bank with very different objectives move ahead on the IT platform of a conventional universal bank? Can banking by surrogacy succeed in the payments space? A large number of bankers coming on board from PNB on deputation hasn’t helped the cause either.

Most regulatory constraints that universal commercial banks face are applicable to the payment banks as well even though their product line is thin and so are the revenue streams. IPPB, like all other payment banks (and small finance banks), is required to maintain 15% minimum capital adequacy ratio and also the cash reserve ratio, or the mandatory deposits with RBI on which it does not earn any interest (currently, it is 4% of deposits). On top of this, a payments bank needs to invest 100% of its demand deposits (it cannot take fixed deposits and recurring deposits) in government securities and deposits of scheduled commercial banks in the ratio of 3:1.

So, how will a payments bank make money? It cannot make money from deposits as the return typically is less than the cost of deposits; it can make money from payments transactions only if it has a robust, secured and comprehensive technology platform that enables clients and service providers to come together seamlessly and transact at an extremely competitive cost. The regulatory capital of Rs100 crore seems to be too little to create such infrastructure. RBI’s operational guidelines and regulatory controls give one the feeling that it wants to create banking fair price shops in the guise of payment banks.

IPPB currently offers savings bank deposits with 5.50% interest and a debit card to its customers in the two state capitals but there aren’t too many takers. Clearly, the postal bureaucrats in charge of the project do not have the nuanced understanding and skill to put up such a massive life-changing and technology-driven bank for the masses.

After using the PNB technology platform at the initial stage, IPPB is now looking for its own platform. DXC Technology (a former Hewlett-Packard Co. enterprise) will create the IT backbone. I wonder why only two bidders (DXC Technology and FIS) responded to the request for proposal, or RFP, issued by the DoP, and that, too, after cancelling the first RFP? For any large, complex project, an RFP is considered to be the heart and soul of the procurement. There were thousands of queries by the initial bidders but only one entity, Polaris Financial Technology Ltd, made a bid in the first round which got cancelled. Do the technology providers lack confidence in the viability of the business proposition?

It might be worthwhile to take a look as to what IPPB can offer which India Post cannot. India Post has been providing deposit services to a large number of small customers across the country; it also has a limited remittance service. So, IPPB needs to provide its customers with a robust and efficient payments facility without much complexity of transaction formalities, and at a cheap price.

Would this product line generate adequate revenue to have a healthy enough profitability to attract investors, or would it perennially depend on budgetary support?

It is not yet clear as to what is the business model being adopted by IPPB and whether the IT system being implemented would be comprehensive and adaptive enough to meet all the objectives.

Minister of state for communication Sinha, in a written reply to a question in the Lok Sabha recently, said IPPB expects to roll out 650 branches in April.

That’s good news.

But will they be sufficient to ramp up the operations? And, what will these branches do?

My understanding is that these bank branches (housed in India Post office outlets) will be the control office or back office while India Post, with its 150,000 branches, will be the corporate business correspondent of IPPB. In that sense, IPPB will be a faceless bank without any direct contact with its customers.

There are many questions to ask:

— Why has there been undue delay in starting any meaningful operations?

— Is IPPB’s operational dependence on the DoP too heavy, making it a weak protégé of the government department?

— Is the level of operational and administrative autonomy being enjoyed by IPPB adequate to frame its own strategy?

— Who is driving the project—the CEO of IPPB or executives of India Post?

(The CEO joined in October 2017, eight months after the project took off. None can miss the overwhelming footprint of the DoP executives who do not have either accountability or the acumen in defining the business strategy.)

— Is the operational architecture capable of infusing the much-required agility and efficiency of connecting India’s 650,000 villages and delivering banking services to millions at a very cheap cost?

What is worrying is that IPPB’s dependence on DoP is understood to be continuing even after the bank will be fully operational. For example, the connectivity of the bank for all its operations (proposed 650 offices, other access points, ATMs and hand-held machines to be used for transactions) will be through the existing DoP network. One can only hope that the technology shortcomings of DoP do not get replicated in the bank.

Time will tell whether IPPB will succeed, but the confusion surrounding the payments bank arm of India Post is pretty high at the moment. If the government aims to achieve deeper banking inclusion, it would be wise to let the board of IPPB and its top management decide on its strategy. Piggy-backing DoP will create an inefficient animal always looking for the indulgent patronage of its parent—far removed from India’s digital banking dream.

Finally, it looks like the feasibility of IPPB’s business is leaning heavily on being the gateway for all direct benefit transfers, earning a commission from the government. Is that a sufficient justification for a bank to exist? Instead of setting up IPPB, the government could have gone for a common back office service provider for all its transactions.

Courtesy:-http://www.livemint.com/Opinion/ahSPRC01zjTfib9zNQPTGL/Long-live-India-Post-Payments-Bank.html

India Post Payments Bank To Equip Postmen With Smartphones For Doorstep Banking

2018-01-29T21:18:00.001+05:30

India Post Payments Bank (IPPB) has announced plans to equip service postmen with smartphones to offer door-to-door banking services. The move is aimed at opening up to 3,250 customer access points across 650 districts, with a special focus on the country’s under-banked rural areas.

The announcement comes at a time when the India Post-owned payments bank is gearing up to launch nationwide operations in March.

As stated by Anant Narayan Nanda, Secretary – Department of Posts and Chairman of IPPB, the payments bank will be relying on 155K technologically-equipped post offices – including 129K in rural areas – to service its customers.

Having procured a special dispensation from the RBI, the India Post Payments Bank will also be able to link savings bank accounts of existing post office customers, allowing them to access both as well as perform transactions through the same interface.

Currently, India Post boasts around 170 Mn savings bank accounts. Nanda added, “By December 2018, 200K postmen and gramin dak sewaks carrying mobile phones will offer doorstep banking to customers predominantly in rural areas. Eventually, this number will increase to 350K.”

During the recent media interaction, Nanda further stated that the bank will start pan-India operations in March with 3,250 access points, of which five will be present in each of the 650 districts.

India Post originally opened its payments bank on a pilot basis in January 2017, with two branches in Ranchi, Jharkhand and Raipur, Chhattisgarh.

As part of its nationwide launch, the bank is preparing to hire 3,000 people, of whom roughly half will be on deputation from India Post and state-operated banks. Additionally, it is also currently training postmen to provide basic banking facilities like opening bank accounts and performing transactions via smartphones.

In rural areas where customers are not well versed in digital technologies, the postmen will teach them to perform simple banking activities on their own. The goal is to enable customers to access a range of banking services – such as net banking, Real-Time Gross Settlement (RTGS), National Electronics Funds Transfer (NEFT) and Immediate Payment Service (IMPS) – using just the India Post Payments Bank app.

Through the app, customers will also be able to pay bills, buy insurance-related products as well as invest in mutual funds.

For their services, the postmen and the gramin dak sevaks will be given monetary incentives for both assisted and self-service transactions. Given that around 70% to 80% of the country’s postmen use smartphones and are even active on social media, Nanda claimed that they would be able to use the payments bank’s app with ease.

An Overview Of India Post Payments Bank

It was in February 2016 that the Public Investment Board (PIB) approved India Post’s $116.7 Mn (INR 800 Cr) proposal for setting up a payments bank. According to the government’s proposed plan, each post office in the country will offer post bank services.

In January 2017, India Post received a final license from the Central Bank in order to kickstart its payment bank operations. Later in February of the same year, it was reportedly granted $74 Mn (INR 500 Cr) in the latest Union Budget 2017-18. The allocation was made keeping in mind India Post’s aim to open 650 new branches for the payments bank.

As per media reports, the payments bank under India Post offers an interest rate of 4.5 % on deposits up to $392.6 (INR 25,000); 5 % on deposits of $392.6-$785.2 (INR 25,000-INR 50,000); and 5.5 % on $785.2-$1,570.7 (INR 50,000-INR 1 Lakh).

Besides India Post, other payments banks that are currently operational in India include Airtel Payments Bank, Paytm Payments bank, and Fino Payments Bank. Airtel, which beat Paytm to open the first payments bank, began operations in 29 states in November 2016. It currently offers the highest interest rate of 7.25 % p.a. on deposits in savings accounts.

Paytm debuted its Payments bank in May 2017 and is the first bank to offer cashback on deposits. The bank is also planning to open 31 branches and 3,000 customer service points in a year. It also recently reported losses of $4.6 Mn. Fino Payments Bank, on the other hand, went live with 410 branches and over 25,000 touch-points on day one itself in the July 2017.

India Post currently accepts payments of over $7.2 Bn (INR 46,000 Cr) in cash every year, claimed Nanda. By enabling customers to transact via the payments bank app, the government-run post office is likely looking to handle a substantial chunk of this amount digitally, thus eliminating inefficiencies and redundancies.

Courtesy:- https://inc42.com/buzz/india-post-payments-bank-postmen-banking/

India Post Payments Bank:- Charges and Schedule

2018-01-29T00:01:00.002+05:30

India Post Payments Bank

2018-01-28T23:55:00.001+05:30

At India Post Payments Bank, we believe that a nation can grow only when its people prosper together. With financial inclusion, trustworthy banking advice and reliable services at the heart of our philosophy, we envision a future full of promises and possibilities. Even a little saving can go a long way if channelize correctly. That’s why, at IPPB, we aim to ensure equal financial access to every Indian, regardless of who they are and where they live. Here is a glimpse of what IPPB offers.

Banking Services for Everybody
Domestic Remittance Services
Direct benefit Transfer
Doorstep Banking

Banking Services for Everybody:

IPPB offers 3 distinct accounts, tailored to suit the requirements of people everywhere.

Regular Account – Safal

Basic Savings Bank Deposit Account (BSBDA) - Sugam

BSBDA Small - Saral

While the Safal Account is packed with features, the Saral Account is aimed at people with limited banking experience.

Click for more details

The following services are available across the different accounts.

Domestic Remittance Services:

IPPB will provide an inexpensive and secure medium to transfer funds via its domestic remittance offering. All customers of IPPB would be eligible to avail a host of different modes of domestic remittance subject to the stipulated constraints – NEFT, IMPS, AEPS, UPI and *99#

Click for more details

Direct Benefit Transfer (DBT):

DBT program aims to transfer subsidies directly to the people through their bank accounts, which will in turn reduce leakages, delays and other similar challenges.

Funds from the disbursing agency are automatically credited into the beneficiary accounts through NACH/APBS instead of cash disbursal. IPPB will provide cash out of the subsidies at the customer's doorstep by combining this service with Doorstep Banking.

Doorstep Banking:

We look forward to extending our relationship with banking at your doorstep. Doorstep banking allows a customer for a nominal fee to request and avail banking and related services at their door. The services currently offered are as follows:

Cash deposit

Cash withdrawal

Balance enquiry

Aadhaar to Aadhaar funds transfer

With “Aapka bank, aapke dwaar”, what you see is what you get.

Shri Suresh Sethi former MD&CEO of Vodafone MPesa appointed as MD& CEO of IPPB

2018-01-28T23:49:00.003+05:30

New Bank Charges

2018-01-27T21:11:00.000+05:30

Following message is viral on Social Media/WhatsApp

“*New Bank Charges to be applied*

The charges will be applicable from 20 Jan 2018. All charges reflected without GST. Auto Debit charges will be automatically debited with GST. We have to add GST along with charges which required to debit manually.

(1) Cash withdrawal.

(a) Cash withdrawal upto maximum Rs. 50,000/- allowed only to account holder by self-cheque. Charges is Rs. 10/- per transaction (Auto Debit).

(b) Cash withdrawal upto maximum Rs. 10,000/- allowed to 3rd party holder by cheque. Charges is Rs. 10/- per transaction (Auto Debit).

(2) Cash Deposit – Cash deposit of maximum Rs. 2 lakhs per day in CD / CC / OD and any amount in SB account.

Charges –

(a) For SB account upto Rs. 50,000/- per day free. For amount in excess of Rs. 50,000/-, Rs. 2.50/- per thousand or part thereof. Minimum Rs. 50/-.

(b) For CA / CC / OD / Other accounts upto Rs. 25,000/- per day free. For amount in excess of Rs. 25,000/-, Rs. 2.50/- per thousand or part thereof. Minimum Rs. 50/-.

(3) Passbook updation – Rs. 10/- per updation (Auto Debit).

(4) Balance Statement – Rs. 25/- per statement (Auto Debit).

(5) Cheque Book Request – Rs. 25/- per request (Auto Debit).

(6) Signature verification / Photo Attestation – Rs. 50/- per request.

(7) Issue of DD / PO / ECS – Rs. 25/- per request (Auto Debit).

(8) Cheque Deposit – Rs. 10/- per cheque plus speed clearing charges.

(9) Fund transfer (NEFT, RTGS, etc) – Rs. 25/- per request for amount upto Rs. 2.00 lakhs. Rs. 50/- for amount above Rs. 2.00 lakhs (Auto Debit).

(10) Interest Certificate – Rs. 50/- per certificate.

(11) Communication Address / Mobile Number updation – Rs. 25/- per request.

(12) KYC Updation – Rs. 25/- per request.

(13) Duplicate Passbook / FDR Receipt – Rs. 50/- per request.

(14) Request for Internet / Mobile Banking / Insta PIN / Star Token / Password Un-blocking – Rs. 25/- per request for Internet / Mobile Banking and Rs. 10/- per request for Insta PIN / Other requests.

(15) Request for Debit Cards – Rs. 25/- per request (Auto Debit).

(16) Stop Payment Instruction – NO Charges.

(17) Standing Instruction – NO Charges.

*Unfortunately common man is required to pay for all small services that otherwise were free. Just think of the cunning strategy adopted by the Govt. Initially everyone was encouraged to open a Zero Balance Account and now all these charges is it fair???*”

Direct selling industry could expand to Rs 64,500 cr by 2025: FICCI, KPMG Report

2018-01-27T21:06:00.001+05:30

As India's Rs 7500 crore direct selling market awaits guidelines from the Centre on the direct selling business model, a recent FICCI-KPMG study suggested that the industry has the potential to reach Rs 64,500 crore by 2025 and can create potential employment for about 18 million people across the country.

The industry is estimated to be around Rs 7,500 crore in FY14. FY15 details is yet to released.

FICCI-KPMG report titled 'Direct Selling:Gujarat' released here today claimed that the state's direct selling market's potential is estimated to touch Rs 4,800-5,000 crore by 2025 at CAGR of approximately 12-16 per cent.

The report highlights that there is a self-employment potential of 1.35 -1.45 million direct sellers in Gujarat by 2025. Women currently form 60 per cent of workforce in Gujarat; the industry has the potential to economically empower more than 0.8 million women.

Moreover, the contribution to the Government revenue in the form of indirect taxes from the Gujarat direct selling industry is also expected to increase to Rs 450-500 crore by 2025.

The direct selling industry in India is one of the fastest growing non-store retail formats, recording double digit growth of more than 16 per cent over the past four years.

Gujarat grew second highest recording a CAGR of 16.5 per cent between 2005-06 and 2011-12. While the direct selling industry in Gujarat has witnessed reasonable growth in the past few years, the industry faces certain regulatory challenges which impacted the industry in FY13. The increasing working population in cities like Ahmedabad, Gandhinagar and Vadodara also make Gujarat a good direct selling market. The industry picked up in FY14 and witnessed a growth of 11 per cent.

The market today is at approximately Rs 280-300 crore.

Rajat Banerji, chairperson - FICCI Direct Selling Task Force said, "We find in Gujarat an enhanced entrepreneurial spirit and keenness to pursue available business opportunities. This has led to a steady growth of this industry in the state."

The FICCI-KPMG India report further estimates that the state has witnessed a continuous growth in the number of direct sellers with a growth rate of 23 per cent between FY10 and FY14. The number of direct sellers has increased from 0.12 - 0.14 million in FY10 to 0.29 - 0.31 million in FY14. Women constitute about 60 per cent of the total direct seller's workforce of the state. It has been observed that with the rising costs of living, the direct selling business is gaining popularity among men too who are looking at it as a supplementary earning opportunity. The share of men in the workforce has increased from 38 per cent in FY12 to about 42 per cent in FY14.

India’s direct selling industry may reach Rs 645 billion by 2025: FICCI-KPMG report

2018-01-27T20:58:00.001+05:30

The department of industrial policy and promotion is pushing for implementation of guidelines for direct selling industry, which is slated to touch Rs 645 billion by 2025, according to a report by FICCI and KPMG.

According to a statement, Amitabh Kant, secretary, DIPP, ministry of commerce and industry, said that direct selling will have to be given a greater thrust as it empowers women, MSMEs and promotes manufacturing in India. Kant was speaking at FICCI Direct 2015, an annual event for the direct selling industry.

Kant said the industry has a potential to even grow beyond the projected level to Rs 1,000 billion by 2025.

The direct selling industry, which includes companies like Amway, Oriflame, Tupperware, among others, has been seeking clarity in definition and a regulatory framework for the industry. Kant assured that DIPP has already submitted the draft guidelines to Ministry of Consumer Affairs for the same.

The market has grown to become a key channel for distribution of goods and services in the country, especially for health and wellness products, cosmetics, consumer durables, water purifiers and vacuum cleaners.

The report 'Direct 2015 - direct selling - mapping the industry across Indian states' highlights the current challenges faced by the industry and its potential in selected Indian states.

According to the report, the industry has recorded a growth of about 16% over the past four to five years.

In the last five years, the industry has recorded strong growth rates especially in the states of Assam, Delhi, Punjab and West Bengal. Of these, North India emerged as the largest region by market size and accounted for Rs 22 billion in 2013-14, while South India which holds the second highest share of the direct selling market was estimated at Rs 19 billion in terms of revenue in 2013-14.

The report said while the north east is currently the smallest market, it has recorded the highest growth rate of 14% in India with a revenue of Rs 9 billion. The growth has primarily been driven by rising income levels, high rate of urbanization and growing consumerism in the states.

Courtesy:-https://timesofindia.indiatimes.com/

Top 10 Direct Selling Companies In India

2018-01-27T20:48:00.000+05:30

See The below listed Top 10 Direct Selling Companies,Network Marketing Companies and MLM Companies in India 2018,Direct selling companies are those companies which doesn’t involve any middle man between the seller and the buy which will be mutually beneficial for both buyer and the seller.This one of the most successful modern marketing methods and have proven fruitful to numerous companies in India 2018.

Direct Selling is a booming and fastest growing industry in India 2018, a boon for an economy and employment generation towards better future. It boosts confidence of individuals and therefore leading the industry as well as the workforce involved, to a higher growth trajectory.

Criteria of top 10 Direct Selling Companies,Network Marketing Companies and MLM Companies In India 2018.

We set the criteria of top 10 companies list in Direct Selling Business in India, Following criteria for top 10 companies.

Promoters(Experienced,Stable)
Profile(Legal,)
Plan(Distributor Friendly, Unique)
Products(Result Oriented)
Payout(Maximum Payout)

Here’s the list of top 10 Direct Selling Companies,Network Marketing Companies and MLM Companies in India 2018.

Mi Lifestyle Marketing Global Private Limited
Amway
Herbalife
Forever Living Products
Vestige
Tupperware
Naswiz Retails
Winnature
Modicare
Oriflame

Now clear regulatory guidelines are placed(Direct Selling Guideline-2016), the direct selling industry has the potential to touch Rs 64,500 crore in turnover by 2025, from a Rs 7,400 crore size now, felt industry experts here, according to KPMG,FICCI.

Brief Details of top 10 Direct Selling Companies,Network Marketing Companies and MLM Companies in India.

Mi Lifestyle Marketing Global Private Limited.

Mi Lifestyle Marketing Private Limited is a Indian company establish in Chennai in 2013 and its a direct selling company that offers a comprehensive range of lifestyle products directly to the consumers and products approved by ministry of AYUSH.

This is aiming fulfills the dream of every individual associated with the company. Company network of registered distributors and consumers gets special benefits and opportunities due to our increasing dominance in the direct selling industry of our country.

This management have 16 years experience in Indian direct selling industry.This company is associate member of FICCI & FDSA. The turnover of this company is 1500 crores yearly. Milifestyle is a member of FDSA.

See more details about company visi http://Www.milifestylemarketing.com

2. Amway

Amway is an American company that uses a multi-level marketing model to sell a variety of products, primarily in the health, beauty, and home care markets.

Amway was founded in 1959 by Jay Van Andel and Richard DeVos. Amway businesses offers, Opportunities That Empower,Relationships That Endure. The company has gained a huge amount of revenue of 9.5 billion USD (2015).Amway is member of IDSA.

See more details about company visit http://www.amway.in/

3. Herbalife

Herbalife is a global nutrition company that has helped people pursue a healthy, active life since 1980. Our nutrition, weight-management and personal care products are available exclusively through our more than 2.3 million independent Associates in more than 90 countries.

We support the Herbalife Family Foundation (HFF) and its Casa Herbalife program to help bring good nutrition to children in need. We also sponsor world-class athletes, teams and events around the globe, including the LA Galaxy and FC Barcelona soccer clubs, as well as champions in more than 15 other sports. Herbalife is member of IDSA.

See more details about company visit http://www.herbalife.co.in/

4. Forever Living Products

Forever Living Products is a privately held multi-level marketing company based in Scottsdale, Arizona, which manufactures and sells aloe vera-based drinks and bee-derived cosmetics nutritional supplements, and personal care products.The company was founded in 1978 by CEO Rex Maughan.

After acquiring the company Aloe Vera of America by the 1990s, In 2010, the company reported having over 4,000 employees, a network of 9.3 million distributors, and revenue of $1.7 billion.

See more details about company visit http://www.flp.com/

5. Vestige

Vestige Marketing Pvt. Ltd., which started its operations in the year 2004, is a leading direct selling company dealing in world class health and personal care products.Vestige is constantly growing at a phenomenal rate every year.

The growth rate in itself speaks volumes about the quality of the products, the marketing plan and the management that has been able to deliver such a rewarding and sustainable system.Vestige is member of IDSA.

See more details about company visit https://www.myvestige.com/

6. Tupperware

Tupperware Brands Corporation is the leading global marketer of innovative, premium products across multiple brands utilizing a relationship-based selling method through an independent sales force of 2.9 million.

Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through the Avroy Shlain, BeautiControl, Fuller Cosmetics, NaturCare, Nutrimetics, and Nuvo brands.Tupperware is member of IDSA.

See more details about company visit https://www.tupperwarebrands.com/

7. Naswiz Retails

We are a Direct Selling Company registered with Registrar of Companies and working in accordance to Ministry of Consumer Affairs Direct Selling guidelines .

By buying a product from Naswiz, you are only buying product for your self usage and there is no investment or expectation of any kind of returns from your purchase.

See more details about company visit https://www.myshopwiz.com/

8. Winnature

Establish in 2015. Win Nature International Pvt.LTD is an emerging Ayurvedic products manufacturer located in Nagpur (Maharashtra), the centre of India We are a dynamic team, having expertise in manufacturing Ayurveda products and direct sales as well as men and money management.

We at Win Nature, passionate to support Indian individuals to achieve sound health, not only physical but mental and financial also. we are committed to educate , engage and empower each and every individual who is determined for his overall well being and excellence. Life is a long journey from Human Being to Being Human. We are moving and join us to cover the distance.

See more details about company visit http://www.winnature.net/

भारत में शीर्ष 10 प्रत्यक्ष बिक्री कंपनियों अब हिंदी में Visit Here

9. Modicare

Ever since the inception of the Modi group of industries, the core philosophy has remained unfalteringly consistent—to enhance, engage, and empower the lives of people.

This very ethos remained at the heart of Modicare Foundation when it was set up in 1996. The longstanding tradition of giving back to the people while altering their lives for a better, more secure future has been a part of Modi family’s glorious legacy.Modicare is member of IDSA.

See more details about company visit https://www.modicare.com/

10. Oriflame

Oriflame Holding AG is a company, founded in 1967 in Sweden by the brothers Jonas af Jochnick and Robert af Jochnick, and publicly traded at NASDAQ OMX since 2004.Oriflame is member of IDSA.

See more details about company visit https://in.oriflame.com/

Courtesy:- https://www.topdirectsellingbusiness.com/top-10-direct-selling-company-in-india/

IPPB to Link Existing Post Office Savings Bank Accounts (POSB)

2018-01-27T20:31:00.000+05:30

New Delhi: India Post Payments Bank (IPPB) will press into service postmen equipped with smartphones to go door to door and will open 3,250 customer access points across 650 districts when it launches operations in March, seeking to cater largely to under-banked rural areas.

The bank will leverage the 155,000 technologically upgraded post offices, of which 129,000 are in rural areas, as well as the existing customer base of India Post, Anant Narayan Nanda, secretary, department of posts, and chairman of IPPB, said in an interview.

A special dispensation from the Reserve Bank of India (RBI) will enable the payments bank to link accounts of existing post office savings bank customers and let them access both on the same screen and perform transactions.

According to Nanda, this will give a huge fillip to existing customers. India Post has around 170 million savings bank accounts.

“By December 2018, 2 lakh postmen and gramin dak sewaks carrying mobile phones will offer doorstep banking to customers predominantly in rural areas. Eventually, this number will increase to 3.5 lakh,” Nanda said.

The bank plans to start with 3,250 access points—five each in 650 districts—and scale up the number every month. It will employ 3,000 people—roughly half the staff will be on deputation from state-run banks and India Post.

The bank is in the process of training postmen to carry out basic banking facilities such as opening bank accounts and conducting transactions on the mobile phone. Besides assisting customers, the postmen will also teach them how to perform transactions on their own. They will receive monetary incentives for both assisted and eventually self-service transactions.

Customers will be able to access a range of services including net banking, National Electronic Funds Transfer (NEFT), Real-time Gross Settlement (RTGS) and Immediate Payment Service (IMPS). They will be able to pay utility bills, invest in mutual funds and buy insurance products on the app.

The gramin dak sevaks and postmen will be trained by banking institutions. An internal survey by the department showed that between 70% and 80% of postmen use smartphones for personal use and are active on social networking sites and should be able to use the app with ease, Nanda said.

At present, the post office accepts payments of around Rs46,000 crore in cash every year. With the entire network moving towards accepting digital payments, a significant portion of this amount could be handled by the banking network, an indication of the potential available for business.

IPPB is 100% owned by India Post; it received a payments bank license from RBI in January 2017 and has begun operations on a pilot basis in Jharkhand and Chhattisgarh.

India has three other operational payment banks—Airtel Payments Bank, Paytm Payments Bank and Fino Payments Bank.

“India Post does have the largest reach in the rural parts of the country and the idea of financial inclusion through postmen seems very promising,” said Ashish Aggarwal, a consultant at the National Institute of Public Finance and Policy. “However, the execution has to be well done to have mass impact. The postmen need to be well-trained and equipped as even basic banking involves much more than delivering courier (packages) and letters,” he added.

JCM NC (Staff Side) writes to DoPT on MACP

2018-01-25T22:29:00.002+05:30

Cases of promotion taking place in the pre-revised pay structure between 1.1.2006 and the date of notification of RS(RP)Rules, 2008 and the subsequent merger of the pre-revised pay scales of the promotional and feeder posts in a common grade - Fixation of Pay

2018-01-25T22:24:00.002+05:30

Happy Republic Day

2018-01-25T22:18:00.002+05:30

सातवां वेतन आयोग: यूनियन की चली तो अधिकतम एच.आर.ए. रु.75,000 तक होगा

2017-05-15T00:25:00.002+05:30

सातवें वेतन आयोग के भत्तों के लागू होने का केंद्र सरकार के कर्मचारी और अधिकारी को आस है कि अब उनके अच्छे दिन शीघ्र आने वाले हैं. कार्मिकों के कुछ वर्ग को यह भी आस है कि सरकार यूनियन के मांग पर भी सकारात्मक रूख दिखा सकती है. जे.सी.एम. ने सरकार से मांग की है कि एच.आर.ए. के छठे वेतन आयोग के दर को कम नहीं किया जाए और सातवें वेतन आयोग में भी एच.आर.ए. के दर को एक्स, वाई और जेड श्रेणी के शहरों के लिए क्रमश: 30, 20 और 10 प्रतिशत ही रखा जाए.

अपने इस मांग की वैधता के लिए जे.सी.एम. स्टाफ साईड ने एक विस्तृत मेमोरेण्डम सरकार को भेजा था जिसमें तथ्य और आंकड़े प्रस्तुत करते हुए कहा कि एच.आर.ए. का दर सातवें वेतन आयोग 24,16 और 8 प्रतिशत सिफारिश के अनुसार न रखा जाए. कर्मचारियों के सभी यूनियन इस मांग पर एकमत हैं कि सातवें वेतन आयोग में एच.आर.ए. के दर को एक्स, वाई और जेड श्रेणी के शहरों के लिए क्रमश: 30, 20 और 10 प्रतिशत ही रखा जाए. जे.सी.एम. स्टाफ साईड के एच.आर.ए. सबंधित मांग को स्टाफन्यूज पर पढ़ने के लिए क्लिक करें.

परमन्यूज टीम ने इस बात की गणना की है कि अगर कर्मचारी यूनियनों की मांग को अगर सरकार मानती है तब केन्द्रीय कर्मचारियों को अधिकतम 75,000 प्रतिमाह की दर से मकान किराया भत्ता मिल सकता है. पूर्ण गणना के लिए निम्नलिखित टेबल देखें:

Pay Band	Grade Pay	7th CPC Pay Matrix	Minimum Pay	Maximum Pay	Union's Demand
					X Class City		Y Class City		Z Class City
					30%	30%	20%	20%	10%	10%
					Minimum HRA	Maximum HRA	Minimum HRA	Maximum HRA	Minimum HRA	Maximum HRA
PB-1 5200- 20200	1800	1	18000	56900	5400	17070	3600	11380	1800	5690
	1900	2	19900	63200	5970	18960	3980	12640	1990	6320
	2000	3	21700	69100	6510	20730	4340	13820	2170	6910
	2400	4	25500	81100	7650	24330	5100	16220	2550	8110
	2800	5	29200	92300	8760	27690	5840	18460	2920	9230
PB-2 9300- 34800	4200	6	35400	112400	10620	33720	7080	22480	3540	11240
	4600	7	44900	142400	13470	42720	8980	28480	4490	14240
	4800	8	47600	151100	14280	45330	9520	30220	4760	15110
	5400	9	53100	167800	15930	50340	10620	33560	5310	16780
PB-3 15600- 39100	5400	10	56100	177500	16830	53250	11220	35500	5610	17750
	6600	11	67700	208700	20310	62610	13540	41740	6770	20870
	7600	12	78800	209200	23640	62760	15760	41840	7880	20920
PB-4 37400- 66700	8700	13	118500	214100	35550	64230	23700	42820	11850	21410
	8900	13A	131100	216600	39330	64980	26220	43320	13110	21660
	10000	14	144200	218200	43260	65460	28840	43640	14420	21820
67000-79000		15	182200	224100	54660	67230	36440	44820	18220	22410
67000-79000		16	205400	224400	61620	67320	41080	44880	20540	22440
80000		17	225000	225000	67500	67500	45000	45000	22500	22500
90000		18	250000	250000	75000	75000	50000	50000	25000	25000

उपर दिये टेबल के अनुसार एक्स श्रेणी यानि मेट्रो शहरों के मल्टी टास्किंग स्टाफ को न्यूनतम रु. 5400 और अधिकतम रु. 17,070 प्रतिमाह मिलेगा वहीं पुराने ग्रेड पे 4200 अब वेतन मैट्रिक्स लेवल 5 के कर्मचारियों को न्यूनतम रु. 10,620 अधिकतम रु.33,720 तक की राशि मकान किराये भत्ते मिल सकेगा. एक ग्रुप ए अधिकारी सेवा में आने के समय एक्स श्रेणी की शहरों के लिए रु. 16,830, वाई श्रेणी की शहरों के लिए रु. 11,220 तथा जेड श्रेणी की शहरों के लिए रु.5,610 की राशि मकान किराए भत्ते के रूप में प्राप्त कर सकेगा.

अगर हम वर्तमान में होम लोन की किश्तों पर नजर डालें तो प्रति लाख रूपये के लिए करीब 1 हजार रूपये प्रतिमाह किश्त के रूप में अदा करना पड़ता है. यानि केन्द्र सरकार के कम वेतन श्रेणी में कार्यरत एक सामान्य कर्मचारी रु.10 लाख का ऋण अपने मकान के सपने को पूरा करने के लिए आसानी से ले सकेगा. सातवें वेतन आयोग के संशोधित एच.आर.ए. का इंतजार केन्द्र सरकार के सभी वर्ग के कर्मचारी कर रहे हैं. एच.आर.ए. में बढ़ोतरी उनके अच्छे आवास के किराये की अदायगी के लिए आवश्यक तो है ही साथ ही साथ नए मकान खरीदने या गृह ऋण की किश्त की अदायगी के लिए भी आवश्यक है. वर्तमान सरकार के योजनाओं की चर्चा करें तो सरकार के 'सबको आवास' योजना के लिए भी एच.आर.ए. में उचित बढ़ोतरी जरूरी है.

परंतु लाख टके का सवाल यह भी है कि सातवें वेतन आयोग की सिफारिश या यूनियन के मांग के अनुसार मकान किराये भत्ते को सरकार कब और किस तिथि से लागू करेगी? क्या सरकार कर्मचारियों के मांग के अनुसार 01.01.2016 से भत्तों पर एरियर देगी? इसके लिए परमन्यूज से जुड़े रहें अगले पोस्ट में सरकार की मंशा का विश्लेषण दिया जाएगा.

Enhancement of the rate of bonus

2017-05-15T00:23:00.002+05:30

No.S-33027/3/2016 -WB

Government of India

Ministry of Labour and Employment

(Wage Board Section)

*****

Shram Shakti Bhawan,

Rafi Marg, New Delhi,

Dated : 02.05.2017

Shri M.Krishnan,

Secretary General,

Confederation of Central Government Employees & Workers,

Ist Floor, North Avenue PO Building, New Delhi.

Subject:- Enhancement of the rate of bonus payable to Casual labourers consequent on enhancement calculation ceiling of bonus for Central Government Employees from Rs. 3500/- to Rs. 7000/- regarding.

I am directed to refer to your letter Reference No. Confdn/Casual Labour/2015-19 dated 29th June, 2016 addressed to Department of Personnel & Training, New Delhi on the subject mentioned above and to inform you on receipt of your request through the Department of Personnel & Training, the case was referred to the Ministry of Finance, Department of Expenditure, New Delhi for taking suitable action, as deemed fit. The matter was duly examined by the Department of Expenditure, Ministry of Finance and has not been agreed to the request.

Yours faithfully,

S/d,

(SAMIR KUMAR DAS)

Under Secretary to the Government of India

Tele No. 23473325

SSC Combined Graduate Level Examination 2017 Short Notification Out

2017-05-15T00:20:00.004+05:30

Government of India, Department of Personnel & Training, Staff Selection Commission (SSC), New Delhi will hold the Combined Graduate Level Examination, 2017 in Computer based examination mode for recruitment to various posts in different Ministries/ Departments of Government of India and their Attached & Subordinate Offices during the period 1st August 2017 to 20th August 2017.

SSC CGL Exam 2017 short notification was published in Employment News Paper dated 13th - 19th May 2017 Issue. For Detailed notification about Name of the Post, Age limit, Reservation, Age-relaxation, Examination Scheme, Payment of Fee and other details will be availed from 16th May 2017. The detailed notified of SSC CGL 2017 examination to be uploaded on SSC Commission's Website on 16/05/2017.

Notification: Click Here

Postman Mobile Application (PMA) Bridge Application First Look

2017-05-15T00:18:00.002+05:30

Welcome Screen

Cabinet approves modifications in pay structure, pay matrices :Financial Express

2017-05-14T00:30:00.000+05:30

The Union Cabinet, chaired by PM Modi, recently approved important proposals relating to modifications in the 7th CPC (Central Pay Commission) recommendations on pay structure and revision of the three pay matrices in the course of their implementation

The Cabinet has now approved further modifications in the pay structure and the three Pay Matrices, i.e. Civil, Defence and Military Nursing Service (MNS).

The Cabinet, while approving the 7th CPC recommendations for their implementation on 29th June, 2016, had made two modifications in the Defence Pay Matrix as under:

(a) Index of Rationalisation (IOR) of Level 13A (Brigadier) may be increased from 2.57 to 2.67.
(b) Additional 3 stages in Levels 12A (Lt. Col.), 3 stages in Level 13 (Colonel) and 2 stages in Level 13A (Brigadier) may be added.

The Cabinet has now approved further modifications in the pay structure and the three Pay Matrices, i.e. Civil, Defence and Military Nursing Service (MNS). The modifications are listed below:

Defence Pay Matrix has been extended to 40 stages similar to the Civil Pay Matrix: The 7th CPC had recommended a compact Pay Matrix for Defence Forces personnel keeping in view the number of levels, age and retirement profiles of the service personnel. The Ministry of Defence raised the issue that the compact nature of the Defence Pay Matrix may lead to stagnation for JCOs in Defence Forces and proposed that the Defence Pay Matrix be extended to 40 stages. The Cabinet decision to extend the Defence Pay Matrix will benefit the JCOs who can continue in service without facing any stagnation till their retirement age of 57 years.

IOR for Levels 12 A (Lt. Col. and equivalent) and 13 (Colonel and equivalent) in the Defence Pay Matrix and Level 13 (Director and equivalent) in the Civil Pay Matrix has been increased from 2.57 to 2.67: Variable IOR ranging from 2.57 to 2.81 has been applied by the 7th CPC to arrive at Minimum Pay in each Level on the premise that with enhancement of Levels from Pay Band 1 to 2, 2 to 3 and onwards, the role, responsibility and accountability increases at each step in the hierarchy. This principle has not been applied in respect of Levels 12A (Lt. Col. and equivalent), 13 (Colonel and equivalent) and 13A (Brigadier and equivalent) of Defence Pay Matrix and Level 13 (Director and equivalent) of the Civil Pay Matrix on the ground that there was a disproportionate increase in entry pay at the level pertaining to GP 8700 in the 6th CPC regime. The IOR for Level 13A (Brigadier and equivalent) in the Defence Pay Matrix has already been revised upwards with the approval of the Cabinet earlier. In view of the request from Ministry of Defence for raising the IOR for Levels 12 A and 13 of the Defence Pay Matrix and requests from others, the IOR for these levels has been revised upwards to ensure uniformity of approach in determining the IOR.

To give effect to the decisions to extend the Defence Pay Matrix and to enhance the IORs, the three Pay Matrices – Civil, Defence and MNS – have also been revised. While doing so, two calculation errors noticed in the MNS Pay Matrix have also been rectified.

To ensure against reduction in pay, benefit of pay protection in the form of Personal Pay was earlier extended to officers when posted on deputation under Central Staffing Scheme (CSS) with the approval of Cabinet. The benefit will also be available to officers coming on Central Deputation on posts not covered under the CSS.

IMPLEMENTATION OF GOVERNMENT DECISION ON THE RECOMMENDATIONS OF SEVENTH CENTRAL PAY COMMISSION (7TH CPC)

2017-05-14T00:23:00.002+05:30

IMPLEMENTATION OF GOVERNMENT DECISION ON THE RECOMMENDATIONS OF SEVENTH CENTRAL PAY COMMISSION (7TH CPC) - REVISION OF PENSION OF PRE-2016 PENSIONERS/FAMILY PENSIONERS (Click the link below to view)

http://document.ccis.nic.in/WriteReadData/CircularPortal/D3/D03ppw/PPWA_12052017.pdf

Police suspect postal recruitment racket

2017-05-14T00:20:00.002+05:30

With the arrest of a youth from Haryana on the charge of examination malpractice in the recently held recruitment test for the postman-cum-mail guard post, the police here have intensified their investigation to unravel what could be a well-orchestrated racket to secure a job in one of the country’s oldest government institutions.

A team headed by Vidyanagar Circle Inspector Babu Peringeth on Friday took Kulwant, 24, into police custody for nine days. He was arrested for allegedly using a cellphone to receive answer keys of the competitive examination through decoded messages believed to have been sent by the racketeers operating from Haryana.

Kulwant was arrested on Sunday and charged under the IPC provisions 420-B (cheating).

He confessed to the police that he got the phone with the help of an accomplice from outside after entering the examination hall, Mr. Peringeth said.

The police, during preliminary investigation, had traced the locati

on tower and identified the cell phone number used from Haryana as the gadget was found to have disseminated answer keys to several aspirants who took the test on the day at various centres in the country.

Throwing further light into the possible magnitude of the recruitment racket, Kasaragod Postal Superintendent T.V. Keshavan told The Hindu here that as many as 5,895 of the 10,060 applicants had appeared for the test held in 19 centres in the district on May 7.

Interestingly, the majority of the aspirants who took the test at the two venues here — Government College, Kasaragod, and Chinmaya Vidyalaya at nearby Vidyanagar — were from Haryana.

According to Mr. Keshavan, as many as 95 and 91 aspirants from the north Indian State had appeared for the examination at the government college and the Chinmaya Vidyalaya respectively while only a minuscule number from Kerala had been allotted the venues to appear for the test, held by outsourcing the services of the private Manipal Technology Ltd.

Generally, the Staff Selection Commission is entrusted with the task of conducting recruitment examination in other cadres of the Postal Department while private agencies too have been found to be involved in the examination process to select posts in recent years, the official said.

NOTIFICATION FOR THE POSTS OF GRAMIN DAK SEVAKS (GDS) IN KERALA CIRCLE

2017-05-12T15:05:00.002+05:30

Kerala Circle - Total vacancies - 1193

Application online Submission Start Date: 11/05/2017

Application online Submission End Date: 10/06/2017.

Source : http://appost.in/gdsonline/Home.aspx & SAPOST

wopostbank

Wish U all a very happy New Year

Aadhaar Card Linking: Points Aadhaar Card Holders Need To Know

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Fixation of Pay of IP/ PA deputation as Manager/ Assistant Manager in IPPB

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Long live India Post Payments Bank

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Shri Suresh Sethi former MD&CEO of Vodafone MPesa appointed as MD& CEO of IPPB

New Bank Charges

Direct selling industry could expand to Rs 64,500 cr by 2025: FICCI, KPMG Report

India’s direct selling industry may reach Rs 645 billion by 2025: FICCI-KPMG report

Top 10 Direct Selling Companies In India

Direct Selling is a booming and fastest growing industry in India 2018, a boon for an economy and employment generation towards better future. It boosts confidence of individuals and therefore leading the industry as well as the workforce involved, to a higher growth trajectory.

Criteria of top 10 Direct Selling Companies,Network Marketing Companies and MLM Companies In India 2018.

Promoters(Experienced,Stable)

Profile(Legal,)

Plan(Distributor Friendly, Unique)

Products(Result Oriented)

Payout(Maximum Payout)

Here’s the list of top 10 Direct Selling Companies,Network Marketing Companies and MLM Companies in India 2018.

Mi Lifestyle Marketing Global Private Limited

Amway

Herbalife

Forever Living Products

Vestige

Tupperware

Naswiz Retails

Winnature

Modicare

Oriflame

Now clear regulatory guidelines are placed(Direct Selling Guideline-2016), the direct selling industry has the potential to touch Rs 64,500 crore in turnover by 2025, from a Rs 7,400 crore size now, felt industry experts here, according to KPMG,FICCI.

Brief Details of top 10 Direct Selling Companies,Network Marketing Companies and MLM Companies in India.

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