aipeu puri
Wednesday, 20 January 2016
Tuesday, 19 January 2016
Sunday, 17 January 2016
State Lelvel Convention on the retrograde recommendations of 7th CPC conducted successfully by Odisha State CoC of All India State Govt. Employees' Federation in Bhubaneswar on 17.01.2016
Com.
R N Dhal, General Secretary, Confederation of Central Govt. Employees
and Workers, Odisha State CoC addressed the convention as Chief Speaker.
Com.
B Samal, Vice-President, All India Postal Employees Union, Group-C,
Odisha Circle and Divisional Secretary, Bhubaneswar Division represented
NFPE, Odisha Circle branch and addressed the Convention.
Representatives of the Odisha State CoC from 30 districts attended the Convention.
As per the decision taken in its last National Executive Committee Meeting on 28th & 29th November, 2015 in Imphal, now the All India State Govt. Employees Federation is determined to join with the agitational programmes of National JCA ( Confederation, Railway Federations & Defence Federations) to pressurize the Govt. for suitable modifications of the retrograde recommendations of 7th CPC in addition to early implementation of the report.
Govt. of Odisha is in favour of delaying the implementation of the recommendations of 7th CPC.
Representatives of the Odisha State CoC from 30 districts attended the Convention.
As per the decision taken in its last National Executive Committee Meeting on 28th & 29th November, 2015 in Imphal, now the All India State Govt. Employees Federation is determined to join with the agitational programmes of National JCA ( Confederation, Railway Federations & Defence Federations) to pressurize the Govt. for suitable modifications of the retrograde recommendations of 7th CPC in addition to early implementation of the report.
Govt. of Odisha is in favour of delaying the implementation of the recommendations of 7th CPC.
Postal Dept to select consultant for payment bank by month-end
The Department of Post (DoP) is likely to finalise the consultant for its payment bank by the end of this month.
The DoP had shortlisted six consultants but only three of them have submitted bids.
The consultant will advise the Department on setting up of payment bank.
"We are doing
the technical evaluation which will be completed by January 22 and by
the end of this month, tender will be awarded," an official in DoP told
PTI.
The consultants which have submitted their bids include KPMG, EY and Deloitte.
The Public Investment Board (PIB) is scheduled to consider tomorrow a Rs 800-crore proposal from DoP for setting up the bank.
After the PIB's
approval, the proposal will be moved to Cabinet within a month. PIB
under the Finance Ministry vets investment proposals by state-run
entities.
The pilot for payment bank is set to start from January 2017 while full-fledged operations may start by March 2017.
As many as 40
international financial conglomerates, including World Bank and
Barclays, have shown interest to partner with Postal Department for the
payment bank.
The Reserve
Bank of India has granted payment bank permit to the postal department,
which has 1.55 lakh branches across country and already provides
financial services.
Source:-The Economic Times
Saturday, 16 January 2016
Achievements and Success of Department of Posts
Average business provided by major players is as follows:
Amazon: ~3 Lakh articles per month (peak 6 Lakhs)
Snapdeal:80000 articles per month
Myntra:50000 articles per month
Flipkart:30000 articles per month
Yepme:60000 articles per month
Parcel Revenue: Rs. 92.35 Crores till Nov 2015
Speed Post revenue: Rs. 1023 Cr till Nov 2015 (~10% eCommerce business)
COD remittances : Total >Rs. 1000 Cr till Dec 15 Profile of Revenue Stream
(in Rs Crore)
| |||
Products
|
2013-14
|
2014-15
|
2015-16(Upto Nov)
|
Speed Post
|
1372.2
|
1495.2
|
1023.5
|
Business Post
|
1029.5
|
962.5
|
553.7
|
Bill Mail Post
|
103.0
|
103.6
|
62.4
|
Express Parcel Post
|
77.6
|
64.3
|
38.0
|
Retail Post
|
70.2
|
84.4
|
51.5
|
Sale of Stamps
|
670.7
|
576.2
|
345.7
|
Logistics Post
|
15.3
|
24.4
|
10.7
|
Money Orders
|
606.9
|
632.3
|
331.9
|
Others
|
869.8
|
1023.0
|
415.3
|
Revenue from P.O.
|
4815.2
|
4966.0
|
2832.6
|
SBCC
|
5915.3
|
6670.0
|
5092.5
|
Total Revenue
|
10730.4
|
11636.0
|
7925.1
|
· Speed Post revenue growth in the current FY is more than 16%. CAG report laid in Parliament on 8th May 2015 highlights that Speed Post is far better than private couriers, in terms of reach, assured delivery and delivery time.
– Department has tied-up with more than 400 e-commerce agencies including Flipkart, Snapdeal, Amazon, YepMe, Shopclues etc for delivering e-Commerce pre-paid as well as Cash on Delivery (CoD) orders. Amazon is the largest business partner in e-Commerce. Rs 1000 Crore COD collection by Department of Posts so far and this figure this likely to cross Rs 1500 Crores by the end of the current FY.
– Parcel revenue which registered 2% decline in 2013-14, registered 37% growth in 2014-15. 117% growth in parcel revenue till 31st October 2015 in the current FY.
· Digital India
– Core Banking Solution (CBS) rolled out in 12441 Post Offices along with 300 ATMs. CBS shall be rolled-out in all 25,000 Departmental POs along with 1000 ATMs by 31st March 2016.
– Core Insurance Solution (CIS) rolled out in 23,792 Post Offices and shall be rolled out in all 25,000 Departmental POs by 31st March 2016.
– Supply of solar powered, biometric hand-held devices with connectivity to about 20,000 rural Branch Post Offices shall be completed by 31st March 2016. All 130,000 rural post offices would be provided with hand-held devices by March 2017.
• Promoting Financial Inclusion
– India Post Payments Bank (IPPB)- RBI has accorded in-principle approval for setting up of Department of Posts Payments Bank on 7th September 2015. IPPB shall be set up by March 2017 and shall leverage the physical and IT infrastructure of the Post office, using low-cost, low-risk, technology based solutions to extend access to formal banking especially in rural, un-banked and under-banked areas, including MSMEs, small entrepreneurs, Village Panchayats & SHGs
– Number of Post Office Savings accounts increased from 30.86 Crore to 33.60 Crore and total deposits of POSB accounts and Cash Certificates to Rs 6.5 Lakh Crore.
– More than 80 lakh Sukanya Samriddhi Yojana accounts opened with a cumulative investment of more than Rs 2900 Crore since launch on 22nd January 2015.
– More than 1.84 Crore Kisan Vikas Patras sold, attracting an investment of more than Rs 16,429 Crore since launch on 18th November 2014.
– Launch of PM Suraksha Bima Yojana and PM Jeewan Jyoti Yojana for Post Office Savings Bank account holders in CBS Post Offices. So far, more than 57,000 policies have been sold to POSB customers.
– Increase in maximum sum assured in Postal Life Insurance from Rs 20 Lakh to Rs 50 lakh and for Rural PLI from Rs 5 lakh to Rs 10 lakh in order to provide more investment opportunities to customers and also increase claim amount to nominees in case of death.
ClickHere to view details
Friday, 15 January 2016
Issue of IT Refunds of Smaller Amounts
Press Information Bureau
Government of India
Ministry of Finance15-January-2016 16:15 IST
Government of India
Ministry of Finance15-January-2016 16:15 IST
Issue of IT Refunds of Smaller Amounts
In an initiative to reduce taxpayer grievances and enhance the taxpayer satisfaction, the Central Board of Direct Taxes had issued instructions to Central Processing Center (CPC), Bengaluru and the field officers in December, 2015 to issue refunds of amounts less than Rs.50,000/- expeditiously.
As a result of the special drive to issue smaller refunds, 18,28,627 refunds below Rs.50,000/- involving a sum of Rs.1,793 crore have been issued between 1stDecember, 2015 and 10th January, 2016. These refunds relate to Assessment years 2013-14 to 2015-16.
In order to further expedite the process of issue of small refunds, CBDT has also directed CPC-Bengaluru and the field units that refunds up to Rs.5,000/-, and refunds in cases where outstanding arrears are up to Rs.5,000/- may be issued without any adjustment of outstanding arrears. Office Memorandum F. No. 312/109/2015-OT dated 14th January 2016, conveying these directions of CBDT is available on the website of the Department www.incometaxindia.gov.in.
Painful Reality Behind India Post COD Services
Thousands of products from e-commerce companies such as Amazon, Snapdeal, Flipkart, HomeShop18, Shopclues, Naptol and Yepme are reaching the remotest corners of India everyday, owing to their last-mile partnership with India Post, the government-operated postal network. On its part, India Post transacted business worth Rs 500 crore in cash-on-delivery alone for e-commerce players in 2014-15. Its revenue from this business rose from Rs 20 crore in 2012-13 to Rs 100 crore in 2013-14. But that’s just one side of the story.
To reach as many customers as possible at the fastest pace, even if it means getting drones to do the job, online retailers are learnt to be coping with the infrastructure hurdles of India Post. In fact, many leading companies are said to be directly in touch with Union minister of communications, Ravi Shankar Prasad, as well as senior bureaucrats in the ministry, to resolve last-mile issues.
While e-commerce companies tied up with India Post to reach India’s interiors and access pin codes that no courier company could, this has helped them only in a limited manner. On bicycles, India Post delivery men hardly match courier boys on motorbikes, who are faster and are also able to carry heavier parcels. Some postmen have to walk on rough terrains to reach distant addresses with parcels containing anything from mobile phones and apparel to fancy accessories and kitchenware.
A senior Snapdeal executive told, “As most of the India Post team uses bicycles, we have ensured products weighing less than five kg are routed through them for delivery.” Against that, a courier delivery boy often carries parcels 10 times the size, according to industry sources. An Amazon spokesperson said, “We appreciate and understand that the last-mile delivery methodology of India Post is mostly on bicycles and we are in discussions with India Post to come up with a solution/delivery methodology for large-sized Amazon packages.”
Flipkart did not respond to a questionnaire on the issue.
An official at India Post said the department was gearing up for the challenges and infrastructure was being upgraded. The department has already generated substantial revenue from its tie-up with e-commerce companies. While there’s no word yet on replacing bicycles with motorbikes and on whether the current India Post delivery staff, typically much older than those employed by private courier companies, are ready for the change, the official said logistics could be outsourced to a third party for delivery of goods, depending on volume.
Currently, the slow mode of sending parcels via India Post to pin codes unheard of is upsetting the sales targets of top e-commerce companies, for which every missed delivery could translate into a lower GMV (gross merchandise volume) and valuation. Also, it could mean missing the next round of funding from a marquee investor.
There are other issues, too. For instance, a Bengaluru-based online retailer-cum-stylist had partnered India Post in 2013. However, according to its co-founder, the two-year-old company had to discontinue the arrangement after it was found postmen were seeking money from customers for deliveries to remote areas such those in the Northeast. “Such incidents are serious enough to malign the reputation of a company,” he said.
Another challenge is the India Post delivery team doesn’t get any volume-based incentive because it’s a government organisation.
On the other hand, private courier companies were often enthused by such offers, an official said.
The fact that 70-80 per cent of orders for companies such as Flipkart and Snapdeal are from non-metro areas shows how critical it is for them to compete in the remotest parts of India. Amazon, for example, took pride in saying it had delivered a parcel to pin code 790002 — a destination called Balemu in Arunachal Pradesh’s West Kameng district.
The dark side of the e-commerce revolution is equally real. A recent Wall Street Journal report had highlighted the plight of courier boys carrying parcels weighing 23-46 kg in large backpacks day after day, all for a monthly salary of less than Rs 10,000. “This low-tech army of urban sherpas hauls bags of online purchases down narrow alleys and up flights of stairs, lugging everything from laser printers and kitchen appliances to cans of Coca-Cola for their country’s burgeoning consumer class,” the report had said.
Source:http://www.closevoice.com
Courtesy:http://potools.blogspot.in/
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