Oct 31, 2014

Banks are not responsible for the contents of the lockers ?

Swiss banks may no longer be a safe haven for unaccounted money, but even wealth on which tax has been duly paid is not safe in a bank locker. This was reinforced earlier this week when unidentified men dug a tunnel into the locker room of a Punjab National Bank branch in Sonepat, prised open 89 lockers and decamped with the contents.

According to the Reserve Bank of India guidelines, banks are not responsible for the contents of the lockers. A bank only needs to provide for protection of the lockers.

"The relationship between the bank and the locker customer is that of a lessor and a lessee," said Narayan Raja, CEO, Banking Code and Standard Board of India (BCSBI). "Since the contents of the locker are never shared with the bank, it is not responsible for the contents."

According to Section 152 of the Indian Contract Act, a bank is not responsible for any loss or damage to the contents of a locker.

Oct 30, 2014

Activities on Rashtriya Ekta Diwas celebrations on 31st October

Tomorrow, on 31st October, 2014 a large number of people are expected to participate in the ‘Run for Unity’ being organised in the National capital. 

A function to pay floral tribute to Sardar Vallabhbhai Patel by the Prime Minister, Shri Narendra Modi will be held at Patel Chowk, Parliament Street, New Delhi at 0730 hrs. 

The Prime Minister, Shri Narendra Modi will address the participants of ‘Run for Unity’ at Vijay Chowk at 0740 hrs and administer the Unity Pledge at 0800 hrs. The ‘Run for Unity’ will be flagged off from Vijay Chowk to India Gate on Rajpath at 0815 hrs. 

The Union Home Minister, Shri Rajnath Singh will attend a programme ‘Run for Unity’ at Sardar Patel Statue in Nampally, Hyderabad at 0745 hrs. Later, Shri Rajnath Singh will attend the passing out parade of Indian Police Service Officers at Sardar Vallabhbhai Patel National Police Academy, Hyderabad.

Observing austerity measure in Central Govt Departments

Ministry of Finance issued an O.M. regarding compliance of economic measures in Govt. expenditures. In this O.M., stress has been given to Reduction in non-plan expenditure, restricting seminars and conferences, ban on purchase of vehicles, observe economy in domestic and international travel, check in creation of new posts etc.
Click here to view the said OM.

Launch of Same Day Parcel Delivery in Hyderabad - by Sri John Samuel Member(O)

Member operations Postal Directorate New Delhi has launched a special service to the customers of twin cities of Hyderabad and Secunderabad on 29th October-2014. Customers serving from 7 post offices namely,  Hyderabad GPO,Humayunnagar, Himayathnagar, Saroornagar, Malakpet, Malkajgiri,and Himmatnagar post offices will be  provided same day delivery of parcel service to the customers selected. 

The Rising Force of Postal Banking in the Retail Banking Market

The Minister for Communications & IT and Law and Justice Shri Ravi Shankar Prasad has said that a group constituted by the Prime Minister consisting of the Secretary of the Postal department is looking into making of a financial institution for Postal savings. He was inaugurating the Postal Savings Banks Forum being organised by World Savings and Retail Banking Institute (WSBI), the National Savings Organisation of the Finance Ministry and the Department of Posts in New Delhi today (29.10.2014). He said the present government wants to promote financial inclusion and the Jhan Dhan Yojana is a big effort in this direction. Another programme of the government of ‘Digital India’, which is steered by his ministry, also aims at digital inclusion and digital empowerment of rural poor.

Disciplinary proceedings against the Official / Officers -

Click here to view Postal Directorate letter no  C- 14016/26/2009 -V P dated 20.10.2013 on the above subject matter. 

Government employee can't seek promotion after refusing it: Supreme Court

A government employee, whose promotion is canceled owing to his refusal to accept it, cannot ask for it at a later stage, the Supreme Court has said. The apex court set aside the order of the Madhya Pradesh High Court which had directed the state government to restore the promotion of one of its employees whose promotion was cancelled after he turned down the offer as he did not want to get transferred to some other place.

Oct 29, 2014

Government to launch revamped Kisan Vikas Patra soon

The government will soon launch the revamped Kisan Vikas Patra (KVP) besides some new saving instrument programmes for the girl child as well for the physically challenged person, a senior finance ministry official said today. 

Oct 27, 2014

Conducting of Inspector Posts and LGO Examination, 2014

Department of Posts (DE Section) vide its letter no A-34012/04/2014-DE dated 17/10/2014 has communicated the schedule of limited Departmental Examination for promotion to the cadre of Inspector Posts (66.66%) Departmental quota for the year 2014 and promotion of LGOs to the cadre of PA/SAs.

LDCE for promotion to the cadre of Inspector Posts for the year 2014.

Date of Examination
Paper No.
22/11/2014 (Suturday)
Paper-I & II
23/11/2014 (Sunday)
Paper-III & IV

LDCE for promotion of LGOs to the cadre of Postal Assistants / Sorting Assistants for the year 2014.

Date of Examination
Paper No.
23/11/2014 (Sunday)
Paper-I & II

Oct 24, 2014

Government to commemorate Sardar Patel’s birthday on October 31 as ‘Rashtriya Ekta Divas’

Government of India has decided to commemorate the birth anniversary of Sardar Vallabhbhai Patel on October 31, as ‘Rashtriya Ekta Divas’ or the National Integration Day.
The government has decided to make ‘Rashtriya Ekta Divas’ a popular mass movement, inviting participation from all sections of the society. The participation will be voluntary. Giving details of the action plan for the day, Mr. Prakash Javadekar, Union Minister for Information & Broadcasting said, ‘run for unity’ will be organized at various places, including towns and villages all over the country, on the morning of October 31. Prime Minister Narendra Modi will himself participate in the event and also broadcast a short radio address on the occasion. Mr. Javadekar informed that in the evening, Police and other organizations like NCC, NSS, Scouts and Guides, Home Guards etc would perform a march-past on the streets in all the district headquarters
Source : PIB

Regional allotment in Inspector Posts cadre

Sri R.Rama rao, PA SBCO Karimnagar HO who came out successful in IP examination for the year 2012 and approved for promotion to the cadre of Inspector Posts vide Directorate letter no A-3403/07/2012-DE dated 23.09.2014 is now alloted to Vijayawada Region vide CO letter no ST/2-2/2014-I dated 22.10.2014.

Oct 22, 2014

Retention of Excess Cash balance in Post Offices

Click here to view  Department of Posts (P.O Division) No.21/-03/2014-PO dated 13-10-2014 on the above subject matter.

Oct 21, 2014

Grant of Dearness Relief to CPF beneficiaries

Click here to view Department of Pension & Pensioners' Welfare OM no F. No. 42/10/2014-P&PW(G) dated 20.10.2014 on the above subject matter. 

Oct 20, 2014

Productivity Linked Bonus for Railway Employees

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its ex-post factoapproval for the payment of Productivity Linked Bonus (PLB) equivalent to 78 days' wages for the financial year 2013-14 to all eligible non-gazetted Railway employees.

The financial implication of payment of 78 days' PLB to railway employees has been estimated to be Rs. 1063.38 crores. The wage calculation ceiling prescribed for payment of PLB to eligible non-gazetted Railway employees is Rs. 3500/- p.m. About 12.60 lakh non-gazetted Railway employees are likely to benefit from the decision.