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Tuesday, March 18, 2014

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Few of the main demands of C.G. Pensioners’ identified by BPS for inclusion in the Memorandum to 7th CPC
(Department wise issues will be attached as Annexure)

1.Bring down the Ratio between maximum & Minimum of Salay to 1: 9
Some 25 years back 4th CPC had determined the ratio between minimum & maximum of salary to be 10.7(Chapter 41 & 43) Vth cpc   maintained it to be 10.97 (Appendix ‘I’ to VOl.III of 5thCPC report “ Summary of recommendations” para19) in their recommendations which while implementation was raised to 1:11.76


Shredding the basic fiber of the Constitution of Indian Socialistic State, after implementation of 6th CPC   this ratio stand raised to 1: 12.85. Both for salaried employees & Pensioners. Which is much more, than even the capitalist countries like America & Britain.

This negative and socially regressive effects of the 6th Central Pay Commission has had the effect of worsening wealth and income inequality not only between pre-and post-2006 retirees, but even within pre-2006 retirees where in higher-ups from Scales S30.S31& above got full parity in Pension.

 Raising, instead of reducing  the ratio between minimum & maximum of salary is  unconstitutional .

We demand:  That Preamble to the Constitution, Articles 366(17),14 & 21read in the light of Honourable Supreme Court judgements, in the cases of D.S. NAKARA & OTHERS  Vs UNION OF INDIA DATED 17/12/1982   1983 AIR  130,1983 SCR  (2) 16, 1983 SCC  (1) 305 1982 SCALE  (2)1213, and, in the case of Consumer Education and Research Centre & Others Vs union of India(AIR 1995 supreme court 922) to be implemented in letter & spirit.
Accordingly the Ratio between minimum & maximum of Pay/Pension should progressively go on reducing ensuring complete equality.

We appeal to the 7th CPC: That the ratio between maximum & minimum Salary/Pension be brought down to 1: 9 accordingly, 7th pay commission should first workout the top most revised salary, divide it by 9 to arrive at the minimum revised salary & then on this basis derive a uniform multiplication factor to arrive at revised Pay & Pension with the condition that Pension shall not in any case be less than 65% & family Pension 45% of the last Pay in Pay in Pay Band/Pay scale or of average of last 10 months emoluments (Whichever is more beneficial)

2.Pension to be 65% of last drawn or 65% of Av. Of   last 10 months emolument whichever beneficial & Family Pension to be 45% of last drawn or Av. Of 10 month:

 Honorable Supreme Court, in its landmark 5-Judge Constitutional Bench judgment dated 17.12.1982 in the case D.S.Nakara vs UOI, ruled that “A pension scheme consistent with available resources must provide that the Pensioner would be able to live Free from  want, with decency, independence and self respect, and at a standard equivalent at pre- retirement level”. As laid down in Para 127.9 of 5th Central Pay Commission report Vol. III, the study done by the Consultants to 5th Central Pay Commission (TECS - Tata Economic Consultancy Services) recommended Pension to be 65% of the last emoluments drawn.

We demand 65% of the last drawn emoluments or 65% of the last 10 months’ average emoluments, whichever is more beneficial, as Pension and 45% as Family Pension subject to the condition that minimum pension shall not in any case will be less than 65 % of the 7th Central Pay Commission revised minimum Basic Pay of Central Govt. employees,

3. Gran5% upward enhancement in pension be granted every five years’  after the age of 60 years & upto 80 years & thereafter as per existing dispensation.

In their Para 5.1.32, the 6th Central Pay Commission agreed that older pensioners require a better deal on account of their needs, especially those relating to health, increase with age. Accordingly, the Commission recommended that quantum of pension available to the old pensioners should be increased as follows:-
On attaining age of Additional quantum of pension
            •           80 years - 20% of basic pension
            •           85 years - 30% of basic pension
            •           90 years - 40% of basic pension
            •           95 years - 50% of basic pension
            •           100 years - 100% of basic pension

In the present scenario of climatic changes, incidence of pesticides and rising pollution old age disabilities/diseases set in by the time an employee retires and go on manifesting very fast, needing additional finances to take care of these disabilities and diseases, especially as the cost of health care has gone very high compared to 01.01.2006.

We therefore, demand, that 5% upward enhancement in pension be granted every five years’  after the age of 60 years & upto 80 years & thereafter as per existing dispensation.

4.. Pension to be net of Income Tax :
The purchase value of pension gets reduced day by day due to continuously high inflation and steep rise in cost of food items and medical facilities. Retired persons/Senior citizens do not enjoy fully public goods and services provided by Government for citizens due to lack of mobility and many other factors. Their ability to pay tax gets reduced from year to year after retirement due to ever-increasing expenditure on food and medicines and other incidentals. Their net worth at year end gets reduced considerably as compared to the beginning of the year. Inflation, for a pensioner is much more than any tax. It erodes the major part of the already inadequate pension. To enable pensioners, at the far end of their lives, to live in minimum comfort and to cater for ever rising cost of living, they may be spared from paying Income Tax.

We demand that pension should be net of income tax as recommended by 5th Central Pay Commission, vide their Para 167.11(VTH CPC REPORT VOL. III)


5. Automatic Merger of Dearness relief with Pension :
The Pension of Central Government Pensioners undergo revision only once in 10 years during which period the pension structure gets seriously dis-aligned; 50% increase in price takes place even in less than 5 years. This results in considerable erosion of the financial position of the pensioner with otherwise inadequate Pension. As admitted by Shri Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, in his statement to PTI on 27.2.2008, DA does not adequately take care of inflation. Working employees are getting automatic relief by way of 25% increase in their allowances with every 50% rise in Dearness Allowance. As pensioners do not get any allowances, they feel discriminated against. In order to strike a balance, DR may be merged with Pension whenever it goes beyond 50% as recommended by 5th Central Pay Commission.
We demand automatic merger of DR with pension, whenever it goes above 50%
6. Restoration of commuted vale of Pension in 12 years
Commutation value in respect of employee superannuating at the age of 60 years between 1.1.1996 and 31.12.2005 and commuting a portion of pension within a period of one year would be equal to 9.81 years Purchase. After adding thereto a further period of two years for recovery of interest, in terms of observation of Supreme Court in their judgment in writ petitions No 395-61 of 1983 decided in December 1986, it would be reasonable to restore commuted portion of pension in 12 years instead of present 15 years. In case of persons superannuating at the age of 60 years after 31.12.2005 and seeking commutation within a year, numbers of purchase years have been further reduced to 8.194. Also, the mortality rate of 60 plus Indians has considerably reduced ever since Supreme Court judgment in 1986; the life expectancy stands at 69 years now.

We demand restoration of commuted value of pension in a period of 12 years.
7. The 6th Central Pay Commission’s new benefits, e.g. full pension for 20 years of service/10 years in superannuation cases, last pay drawn or average of last 10 months’ pay whichever is beneficial to the retiring employee as emoluments for computation of pension etc., have been limited only to post-1.1.2006 retirees.  This is in violation of the letter and spirit of Hon’ble Apex Court judgment in Nakara Case

We appeal to the 7th CPC to extend the above benefits to all pre-1.1.2006 retirees with monetary benefit from 1.1.2006 to do them equal justice. And that new benefits as 7th CPC too be made equally applicable to present & past pensioners
8..Medical facilities:
To ensure hassle free health care facility to Pensioners/family pensioners, Smart Cards be issued irrespective of departments to all Pensioners and their Dependents for cashless medical facilities across the country. These smart cards should be valid in

•        all Govt. hospitals
•        all NABH accredited Multi Super Specialty hospitals across the country which have been         allotted land at concessional rate or given any aid or concession by the Central or the State govt.
•        all CGHS, RELHS & ECHS empanelled hospitals across the country.
·                Medical attendants. Reimbursement bill for treatment both for hospitalization & No referral should be insisted in case of medical emergencies. For the purpose of reference for hospitalization & reimbursement of expenditure thereon in other than emergency cases Doctors/Medical officers working in different Central/State Govt. department dispensaries/health units should be recognized as Authorized OPD can be made by respective departments.

The enjoyment of the highest attainable standard of health is recognized as a fundamental right of all workers in terms of Article 21 read with Article 39(c), 41, 43, 48A and all related Articles as pronounced by the Supreme Court in Consumer Education and Research Centre & Others vs Union of India (AIR 1995 Supreme Court 922) The Supreme court has held that the right to health to a worker is an integral facet of meaningful right to life to have not only a meaningful existence but also robust health and vigour. Therefore, the right to health, medical aid to protect the health and vigour of a worker while in service or post retirement is a fundamental right-to make life of a worker meaningful and purposeful with dignity of person. Thus health care is not only a welfare measure but is a Fundamental Right.
We demand that, all the pensioners, irrespective of pre-retiral class and status, be treated as same category of citizens and the same homogenous group. There should be no class or category based discrimination and must be provided Health care services at par with IAS and ex-Ministers.

9. Hospital Regulatory Authority:

To ensure that the hospitals do not avoid providing reasonable care to smart card holders and other poor citizens, a Hospital Regulatory Authority should be created to bring all NABH-accredited hospitals and NABL-accredited diagnostic Labs under its constant monitoring of quality, rates for different procedures & timely bill payments by Govt. agencies and Insurance companies. CGHS rates be revised keeping in mind the workability and market conditions.

We demand that a Hospital Regulatory Authority be constituted.

10.Fixed Medical allowance (FMA):

As is recorded in Para 5 of the minutes of Committee of Secretaries (COS) held on 15.04.2010 (Reference Cabinet Secretariat, Rashtrapati Bhavan No 502/2/3/2010-C.A.V Doc No. CD (C.A.V) 42/2010 Minutes of COS meeting dated 15.4.2010) which discussed enhancement of FMA: CGHS card estimates for serving Personnel since estimates are not available separately for pensioners M/O Health & Family Welfare had assessed the total cost per card p.a. in 2007-2008 = Rs 16435 i.e. Rs.1369 per month for OPD. Adding to its inflation the figure today is well over Rs 2000/- PM. Ministry of Labour & Employment, Govt. of India vide its letter no. G-25012/2/2011-SSI dated 07.06.2013 has already enhanced FMA to Rs 2000/- PM for EPFO beneficiaries. Thus, to help elderly pensioners to look after their health, Adequate raise in FMA will encourage a good number of pensioners to opt out of OPD facility which will reduce overcrowding in hospitals. OPD through Insurance will cost much more to the Govt. As such the proposal for raising Fixed Medical allowance to Pensioners is fully justified and is financially viable.

We demand that FMA for all C.G. Pensioners be raised to at least Rs 2000/- PM without any distance restriction linking it to Dearness Relief for automatic further increase. We further demand that FMA be exempted from INCOME TAX: Fixed Medical Allowance (FMA) is a compensatory allowance to reimburse the medical expenses. As Medical Reimbursement is not taxable, FMA should also be exempted from Income Tax.

11.Grievance redressal Mechanism:

Pensioners/Family Pensioners are exploited, harassed and humiliated by their own counterparts in chair, who at the sight of an old person adopt a wooden face and indifferent attitude. Pensioners do not have representation even in Forums & Committees wherein pension policies and connected matters are discussed. The forum of Pension Adalat too is not of much avail as it meets only once a year which is too long a period for an elderly nearer to his end. Moreover, these Adalats deal with settlement claims only. SCOVA too meets only twice a year for about 3 hours at occasion. Moreover, the scope of SCOVA is limited to feedback on Government policies. DOP (P&PW) is perceived as a toothless authority which lacks direct Service Delivery Capability. It has been striving over the years to redress the Pensioners’ grievances through the ‘Sevottam’ model of the Department of Administrative Reforms & Public grievances; in the absence of strict timeline with punitive clause it is, however, proving to be a failure. Grievances are either not resolved for years or closed arbitrarily without resolving.

We therefore, appeal that for resolving Pensioners complaints of all pensioners,

(i) A strict time line with punitive clause be introduced in “Sevottam model”
(ii) Grievances are not allowed to be closed without resolving.
(iii) SCOVA be upgraded to JCM  level covering all Pensioners by introducing suitable legislative amendment  if required.
(iv) As recommended vide Vth CPC report Vol III para 141.30 Pensioners’ representatives should be included in various committees & other For a of Govt where issues relating to the welfare of pensioners are likely to be discussed &debated

Er.S.C.Maheshwari
Secy Genl

Bharat Pensioners Samaj

Source : http://scm-bps.blogspot.in/2014/03/main-demands-for-inclusion-in.html

Sunday, March 16, 2014

HAPPY COLOURFUL HOLI-2014


May you have the most blessed holi festival than you ever had.
May it be full of fun,joy and love.
May you be as colorful as the festival itself or even more.
Lets all have lots of fun.



Tuesday, March 11, 2014

Indian Postal Department 2014: Exam paper pattern

Government of India, Ministry of Communications and Information Technology, Department of Posts has invited applications for recruitment at 8243 posts of postal assistants/ sorting assistants/ postal assistants (Savings Bank Control Organization)/ postal assistants (Foreign Post Organization)/ postal assistants (Returned Letter Offices)/ postal assistants (Mail Motor Services) and postal assistants (Circle and Regional Offices).

Exam Pattern for the same is mentioned below:

There are two types of test for this post:
·                         Paper I: Aptitude Test
·                         Paper II: Computer/ Typing Test
Paper I: Aptitude Test:

This paper will comprise of four parts: (Part A, B, C and D). The paper to be continued for a duration of two hours does not have any negative marking. It will contain 100 questions overall, each section having 25 questions each.

Part A: 25 questions carrying 25 marks.  It will consist of questions on general knowledge- current events, sports, history, geography, basic economics, general politics, indian constitution, science environment.

Part B: 25 questions carrying 25 marks. It will consist of questions on mathematics of matriculation standard which may cover number system, simplification, decimals, corrections, simple and compound interest, percentage, average, profit and loss, discount, menstruation, time & work and time & distance etc.

Part C: 25 questions carrying 25 marks. It will consist of questions of English covering grammar (prepositions, adverbs, conjunction, direct/indirect speech, singular & plural, tenses, antonyms/synonyms etc.
Part D: 25 questions carrying 25 marks. It will consist of questions on reasoning and analytical ability.

Paper II: Computer/ Typing Test:

It will be held for a duration of 30 minutes (15 minutes for typing and 15 minutes for data entry). The candidates will have to type 450 words in English with a minimum speed of 30 words per minute or they will have to type 375 words in Hindi with a minimum speed of 25 words per minute. The data entry test will consist of figures and letters carrying equal marks. The test will be conducted on computer keyboard, and not a typewriter.

The registration for the same has begun and will continue till March 27. 


http://indiatoday.intoday.in/education/story/indian-postal-department-2014-exam-paper-pattern/1/347204.html

Missing plane: Chinese satellites spot 3 oil slicks

Chinese high-resolution satellites have found three oil slicks which scientists believe might be linked to the missing Malaysian plane, providing a new direction to the multinational search operations which have failed to spot the wreckage.
The Institute of Remote Sensing and Digital Earth of the Chinese Academy of Sciences, said that its findings are based on comparison of remote-sensing satellite images of the oil patterns on the ocean surface in the targeted area before and after the plane went missing.
It is not clear whether the oil slicks are the same as those found earlier by search and rescue forces, the institute said.
The institute is cooperating with various departments, including the National Marine Environmental Forecasting Centre, to determine the hypothetical location of oil from the plane by analysing factors such as the speed of local currents and timeline for the missing plane in order to confirm whether the oil slicks are related to the plane, state-run Xinhua news agency reported.
China on Monday pressed ten high-resolution satellites to look for the missing plane.
Malaysian authorities who tested the sample of an earlier oil slick near Vietnam said it did not belong to the aircraft.
Meanwhile, a Malaysian airline spokesman here said there is still no trace of the aircraft 88 hours after its disappearance.
Rescue efforts are ongoing, covering eastern and western parts of peninsular Malaysia, but there is "no finding of the aircraft," an airline spokesman told the media on Tuesday.
A total of 42 vessels and 35 aircraft from various countries have joined the rescue mission.
China, which is under pressure as majority of the passengers are its citizens, has stepped up its efforts by sending nine ships and besides number of aircraft for the search operations, Foreign Ministry spokesman, Qin Gang told the media.
It also sent a joint working team to Kuala Lumpur to coordinate the search operations with the Malaysian officials.
Rediff.com  » News » Missing plane: Chinese satellites spot 3 oil slicks
Seven Top Investment Ideas for 2014
By: Cushla Sherlock
Published: 


As the global economy continues its recovery, Credit Suisse’s top investment ideas focus on carefully selected themes which aim to help you generate more bang for your buck in 2014. In this video, Giles Keating, Head of Private Banking Research, explains the rationale behind the ideas and their investment implications.



As the global economy continues its recovery, Credit Suisse’s top investment ideas focus on carefully selected themes which aim to help you generate more bang for your buck in 2014. In this video, Giles Keating, Head of Private Banking Research, explains the rationale behind the ideas and their investment implications.


Idea 1: Europe’s Recovery

Rationale: Europe’s recovery is slowly gathering pace and Credit Suisse anticipates an acceleration in earnings growth in 2014. Valuations are more attractive than in the US.

Investment implications: Buy (or overweight) European stocks. Among countries, Credit Suisse currently favors Germany given its operating leverage towards a recovery. For higher-risk investors: Europe-wide small and mid-cap stocks, cyclicals and selected banks on low valuations. For lower-risk investors: Dividend-yielding stocks offer potentially lower risk with higher yields than fixed income markets.

Idea 2: Seeking Equity Alpha

Rationale: Equities are the preferred asset class for 2014. After a good performance in 2013, the market recovery is set for a new phase in which active style, sector, country and stock selection can generate superior returns, noting that within both US and European stock markets, correlations among equities have fallen markedly.

Investment implications: Choose sectors, styles, countries and individual stocks based on prevailing market dynamics; cyclicals and momentum stocks from the IT and capital goods sectors are recommended.

Idea 3: Emerging Markets Reloaded

Rationale: During 2014 Credit Suisse expects that most emerging markets will benefit from a cyclical upswing supported by export opportunities to the developed markets. Emerging market trend growth rates remain above those of developed markets (albeit lower than before) and could further re-accelerate with structural reforms. Deficits still a source of volatility.

Investment implications: Gain exposure to export-led, growth-sensitive countries, such as Taiwan, and also look for those where the potential for successful structural reforms is not yet fully discounted. Compelling valuations can still be found (for example, China) where long term fundamentals – like consumption, urbanization, export potential – remain key investment drivers. Take a position in companies that benefit from emerging market cyclical recovery.

Idea 4: Fixed Income in a World of Rising Yields

Rationale: The need to obtain reasonable fixed income returns at a time when duration is unattractive since yields may rise on an economic recovery and tapering, and credit spreads are low.

Investment implications: Focus on short-duration assets in areas where value still exists, like corporate senior loans (usually held via a fund), bank subordinated debt, bank CoCos, corporate hybrids and distressed debt. Credit spreads on high yield and floating rate debt are near historic lows but limited amounts of such debt from strong issuers can be included in an overall portfolio. Avoid overvalued assets such as bank senior debt.

Idea 5: Forex as the Fed Tapers

Rationale: With tapering, the USD is set to strengthen against some currencies, like the JPY, and trade at the stronger end of the range against others, for example the EUR. In portfolios, a USD long position offers diversification in times of stress.

Investment implications: Buy USD/JPY, spot or forward. Opportunistically sell EUR/USD near the top of the range. Within emerging markets, sell currencies of deficit countries against those of surplus countries and of reformers.

Idea 6: Cash-Rich Companies

Rationale: Corporate cash piles remain near multi-year highs. Rising CEO confidence levels and pressure from shareholders to invest in growth or return cash bodes well for M&A activity.

Investment implications: Moderate risk-appetite investors should favor companies with a strong free cash flow and the ability to buy back shares. Investors with higher risk-appetite should prefer companies that are the potential targets of industry consolidation or which will benefit from asset disposals through restructurings.

Idea 7: China Reform Reaccelerates

Rationale: The Third Plenary Session of China’s Central Committee announced a clear direction for structural reforms, with accelerated product and financial market liberalization which should accelerate economic rebalancing, from exports and investment towards consumption. Concrete measures are expected in the coming months.

Investment implications: Stock selection is key. Gain exposure to global, regional and domestic firms that can benefit from China’s structural reforms with a focus on the private companies, services sectors and winners from economic rebalancing towards consumption. CNY and CNH (Chinese Offshore Yuan) remain our top emerging market currency ideas and are expected to sustain gradual appreciation in the course of exchange-rate reform.

Photo of the Bull statue at the Frankfurt Stock Exchange by Rob Wilson, courtesy of Shutterstock.com

Emerging Markets Then and Now: What’s Changed Since 1997

Monday, March 10, 2014


POSTAL HISTORY OF INDIA



                                                           


India has an interesting postal history and there is enough philatelic material available for a philatelist to make it speciality. The early postal history of India can be divided into two categories-pre-1837 and post-1837, when the Post Office Act was passed. The famous historian, Ziauddin Barani, has described in his records that the horse and the foot runner were in existence for means of communication from way back in the 13th century in India. Horses were used for speedy delivery in certain parts of the country but it was really the foot runner who was the mainstay. The foot runner is called “Harkara” in ancient books but for our purposes he is the postal runner or dak runner. “Dak” is the Hindi word for post or mail. The runner carried a cleft stick; the small bag with the mail was held in this cleft. When traveling at night, he lit resinous twigs to guide him on his way. These postal runners had to face a lot of hardship and danger, traveling through forests with wild animals, crossing swollen rivers during monsoons and trekking across snow-capped regions. The stick and a spear could hardly afford any protection. In spite of all these odds, they kept running and delivered the mail. They were a hardy race of people, honest, with a great sense of duty. Even today the postal department has to use runners in some parts of the country like Badrinath during the pilgrim seasons and also to the Gilgit and Leh snowbound areas. Wheeled traffic can operate only up to a point, thereafter the runners take over and deliver the mail to its destination. The Mughal emperors Babar and Akbar, tried to improve the postal service. Babar helped to organize a horse courier system from Agra to Kabul. Akbar introduced camels for carrying mail to the desert regions. Once the East India Company was formed and received the Royal Charter, in the interest of trade with India, they had to develop a more organized system of communication. They organized postal runners on regular routes, setting stages of handing over. By 1688, the Company asked its Bombay and Madras offices to build a post office each and directed that all mail should be brought to the post office first. Lord Clive introduced the system of sorting mail into different bags according to destination. These bags have to be sealed with Company seal and only the chiefs at different places could open it. When Warren Hastings took over in 1774, he introduced further reforms. Postal rates depended on weight and distance. Hand struck Bishop Marks(explained later) were applied on letters at Calcutta. These are known as the Indian Bishop Marks and they differ from the foreign Bishop Marks in that the months are printed in three letters, such as JAN, FEB, and so, whereas the foreign ones have the months in two letters. The three presidencies of Bombay, Madras and Calcutta used different hand struck stamps. After the East India Company had established itself, they decided on major changes in the postal system. The Post Office Act of 1837 was passed which combined the presidencies and declared all private posts illegal. Even so, they continued to function in many parts of the country some time. A parcel post service called Bhangies, for deliver of bulky parcels was established. Its rates were cheaper than that for ordinary mail. The Company’s letters were carried by merchant ships to England. It used to take almost a year to get a reply to a letter from Calcutta. Mail from India was transported to Marseilles in France and then on horseback to Calais where a steamboat then took it to Dover. It was once again carried on horseback to London. Gradually the time taken was reduced with the formation of the “Overland Route”, in which mail was transported across land and at certain points carried over water, instead of relying exclusively on ships and steamers. The first Indian stamps, known as the Scinde Dawks were issued by the Commissioner of Sind, Sir Bartle Frere, who was an admirer of Sir Rowland Hill, in 1852. He authorized the use of half-anna stamps in his district. Every collector should know something about the Scinde Dawks. These stamps were first introduced as red on vermillion wafers but they were soon discarded. A new issue came out in July 1852, embossed in white on white, which was later changed to a bluish wave, unevenly spaced on sheets of three inches by six inches. Sir Bartle Frere was not satisfied with the local printing, so he sent the design to his friends in England, and asked them to print the stamps in blue. In 1852, the Postmater General of Karachi received 10,000 stamps. These orders were repeated till almost 50,000 of them were in circulation, when Sir Bartle Frere withdrew them on the release of the All India Postage stamps. There is a theory that the Scinde Dawks were not adhesive stamps but simple was seals, used as trial at a post office in Karachi. In the eyes of the stamp collector, the best loved and desirable of early Indian stamps are those issued between 1852 and 1870. These are called ‘Classics’. The Indian Classics comprise the first three series of stamps known respectively as the Scinde Dawks, the East India Company and the Crown Colony stamps. The Court of Directors of the East India Company were keen that stamps should be printed in India. Col. Forbes was put in charge but he was not successful and gave it up. Then Capt. H.L. Thuillier, Deputy Surveyor General of the Survey Office, Calcutta, was asked to undertake it. After some trial and error and experiments, stamps in the denominations of one anna and four annas were released. Capt. Thuillier’s essays are valuable. From 1855 to 1926, stamps were printed in England by M/s. De La Rue and Co., and the inscription on stamps was East India Postage. In 1877, when Queen Victoria assumed the title of Empress of India, the inscription was changed to India Postage. A new printing press established in Nasik and all stamps since 1926 have been printed there. After the Indian empire was consolidated by the British, the centrally issued stamps ere valid throughout the country, but the native Maharajas also issued stamps which were valid only in their territories. Some of them over printed the name of their States on the centrally issued stamps. After Independence and amalgamation of the Indian States into the Republic of India, these stamps were no longer valid; they are now collector’s items. The value of a stamp depends upon scarcity and demand. Between unused copies of a mint stamp and used copies of a stamp, the value depends on the relative availability. A stamp which has been issued a long ago is more valuable if unused. In the case of Scinde Dawks, there is only one unused, uncancelled stamp, which is the British Royal Collection and is not for sale.
No. 20-13/2013-D (Pt)
Government of India
Ministry of Communication & IT
Department of Posts
Mail Business Division

EXPRESSION OF INTEREST (EOI) FOR CONSULTANCY ON PARCEL
NETWORK OPTIMIZATION PROJECT OF DEPARTMENT OF POSTS

This is to inform that the last date for submission of Expression of Interest (EOI) for
Consultancy on Parcel Optimization Project of Department of Posts has been
extended upto 11th
 March 2014 (upto 1500 hrs)

Sd/-
(Rishikesh)
Director (Mail Management) 

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