DIVISIONAL CBS WORKSHOP ON 02.08.2015 AT JEYPORE(K) IN KORAPUT DIVISION

A first ever and first kind of Divisional Workshop on Core Banking Solutions (a part of IT Modernization Project) comprising all ASPOs, IPOs, Postmasters, Sub-Postmasters, System Administrators, SBCO staff has been conducted on 02.08.2015 at Jeypore(K) under the guidance of Shri Daitari Rana, SSPOs, Koraput Division.

A grand gathering was seen in the CBS workshop comprising officers/officials from various corners and cadres of Koraput Division.

A slide show presentation was displayed and elaborated by Shri Amiya Ranjan Maharana, Office Assistant, PMU Cell with the help of Shri Purna Chandra Maharana, SA, Jeypore(K) HO and Shri Pradeep Sahu, SA, Koraput HO.

A brief discussion/interaction was held on various topics like Data digitization process, Utilization of MDE tool, signature scanning, transmission of DET, network connectivity, submission of DPT files and uploading data in MIS, problems related Genset & UPS, CSI roll out, AV/AD, implementation of CBS Finacle, Mail Network Optimization, Speednet/R Net/ e-Payment/eMO communication modules, SBCO objections, MC-Camish for PLI/RPLI etc.

Shri Purna chandra Maharana explained step by step data entry process in MDE tool along with probable issues with DET transmission, transmission of message files related to Speednet, R Net, e-MO/e-Payment, Finacle etc. and solutions thereof.

Shri S C Barei, Supervisor, SBCO, Jeypore(K) HO discussed about reasons and settlement of SB/SBCO objections.

A booklet was compiled on the above subjects containing gist and procedural guidelines and distributed to all participants for sharing of knowledge, trouble shooting and procedure to take action to deal with field problems with relevant contact details.

Under active guidance of Shri Daitari Rana, SSPOs and with the help of Shri H.S.Mahapatra, ASPOs(Hqr), Shri Purna Chandra Maharana, SA, Jeypore(K) HO, Shri Pradeep Ku Sahoo, SA, Koraput HO, Shri K C Mishra, OA, J branch, Shri Sanuj Nayak, Treasurer, Jeypore(K) HO, Shri S K Mahapatra, OA, Establishment, the CBS workshop was a grand success on the day celebrated as Friendship day.

Memons of Mahim: A family saga

The residents of Malkani Mahal building opposite Century Bazar feel somewhat vindicated by Tuesday’s verdict, which sealed the fate of Yakub Memon. The structure was reduced to ruins after a time bomb placed under a peepal tree exploded on March 12, 1993. Here's a quick look at their family-tree:

1.

Abdul Razzak Memon (Father)

Conservative and religious, he was a cricketer who played in Mumbai league. He was originally known as Tiger after the famed Indian skipper Status: He was implicated in the blasts case but given bail. He died in 2001 at the age of 73, five years before the verdict Mushtaq 'Tiger'

2.

Hanifa Memon (Mother)

She ran the household on an irregular income from the odd jobs her husband did
Status: She was booked for abetment of the terror attack plotted by her son and his accomplices, but released on bail. She was acquitted for lack of evidence. She is frail and confined to a wheelchair

3.

Suleiman Memon (Son)

The mildmannered man who shared his father’s love of sports, started out as a salesman. Later, he opened a small, independent business
Status: He was accused of being a collaborator but after a few years in custody, freed on bail. He was acquitted for want of evidence

4.

Mushtaq ‘Tiger’ Memon (Son)

The man who inherited his father’s moniker was a silver smuggler

Status: His whereabouts are unknown, though speculation is that the Pakistani secret service, ISI, had set him up in Karachi. Tiger remains one of India’s most wanted

5.

Yakub Memon (Son)

The most educated member of the family, a CA by profession, his accounting firm balanced the books for Tiger’s Al-Tejareth International, which was enmeshed in hawala deals
Status: Convicted and sentenced to death, he is in Nagpur jail

6.

Rahin Memon (Yakub’s wife)

She was pregnant when the family fled India. Along with the rest of the family, she too was booked for abetment. After a few years spent in confinement along with her child, she was granted bail
Status: In September 2006, she was acquitted for lack of evidence

7.

Rubina Memon (Suleiman’s wife)

A mother of two, hers was the first name to catch the police’s eye during the investigation into the blasts. A maroon Maruti van, found abandoned at Worli with AK-56 rifles and hand grenades, was found to be registered under the name of one Rubina Memon. The trail led to unravelling of the plot. Rubina defended herself saying she was a simple housewife living in an orthodox joint family with no control over the use of assets registered under her name.
Status: Rubina was convicted and sentenced to life imprisonment. She is lodged in Pune jail.

8.

Essa Memon (Son)

He has been in Arthur Road jail since 1994 on charges of abetting terrorists. Diagnozed with a tumour, Essa sought legal reprieve on the grounds of ill-health

Status: Convicted and sentenced to life imprisonment, he is in Aurangabad jail

9.

Yusuf Memon (Son)

He too suffers from a medical condition. Has been in custody along with the other two brothers since 1994. A schizophrenic, brother Yakub pleaded that he should be released since he needs constant care and medication
Status: Convicted and lodged in Aurangabad jail.

10.

Ayub Memon (Eldest son)

Ayub and his wife Reshma are believed to have stayed on in Karachi along with Tiger. Ayub was also booked for his role in the conspiracy

Status: Absconding

SOURCE THE TIMES OF INDIA

DEPARTMENT OF POSTS TO HOLD CHILDREN'S DAY 2015 STAMP DESIGN COMPETITION

MANGALURU: Department of Posts is holding Children's Day 2015 Stamp Design Competition on the theme 'A Day in the Rains'. Any Indian citizen aged less than 18-years may participate. The design, an original work, could be in ink, water or oil colours or any other medium. The design should be sent without being folded through speed post only in A4 size envelope. 

Participants should mention stamp design contest on the contest envelope. Selected designs may be considered for use on stamps or other philatelic material. The prize for first, second and third places is Rs 10,000, Rs 6,000 and Rs 4,000 respectively. 

Entries should be sent to office of ADG (Philately), room # 108(B), Dak Bhawan, Parliament Street, New Delhi on or before August 31. Log on to www.indiapost.gov.in and refer to notification for Children's Day 2015 Stamp Design contest.

Source : Times of india

EXPECTED DA FROM JULY 2015′ IS FINALIZED AS HIKE BY 6%.

EXPECTED DA FROM JULY 2015′ IS FINALIZED AS HIKE BY 6%.

AICPIN For The Month Of June 2015 – Expected DA July 2015 Finalized

3 Points increased and pegged at 261.

As per the press release of Labour Bureau today, the All India Consumer Price Index (IW) is increased by three points from the existing level and stands at 261.

So, ‘Expected DA from July 2015′ is finalized as hike by 6%.

JOINING AS POSTMASTER RAYAGADA HO

 SRI DURGA PRASAD SABAT ON PROMOTION TO HSG-II JOINING AS POSTMASTER 

,RAYAGADA HO ON 23.07.2015 AT RAYAGADA.

         WELCOME TO SRI SABAT ON BEHALF OF RAYAGADA HO STAFF.

8 Small Saving Schemes to Reap Big Benefits

8 Small Saving Schemes to Reap Big Benefits

Written By Admin on April 17, 2015 | Friday, April 17, 2015

‘Save money and money will save you’ is the only shortcut mantra to build a strong financial future for you and your family. It’s not your salary that makes you rich, it’s your habit of saving that decides your path.

There are many options available that would help you increase your wealth. The Economic Times has collected some of the government schemes that you may find easy and safe to start with.

Let’s explore:

# Post Office Monthly Income Scheme: Post Office Monthly Income Scheme (POMIS) is one of the safest schemes to invest as it assures guaranteed return on your investment. This scheme is offered by the Indian postal service to help individuals to earn substantial returns with a short locking period.

Often urban investors are reluctant t o make investments under POMIS. The maturity period for this scheme is 5 years and it is offered with an interest rate of 8.4 percent. You can start opening your account with minimum of  1,500 to a maximum limit up to 4.5 lakh in a single account and  9 lakh in case of a joint account.

# Kisan Vikas Patra: The government of India has initiated Kisan Vikas Patra scheme for the investors who aspire to double their money. This scheme allows you to double your money in hundred months or 8 years and 4 month.

Kisan Vikas Patra can be a profitable option for people who fall in lower income status and who don’t get access to other regular financial products. It offers an attractive and secure interest rate of 8.7 percent and has a lock in period of 100 months.

# Public Provident Fund : Public Provident Fund or PPF is a long term debt scheme introduced by the Indian government. You can get tax benefits if you invest in PPF account. An investment in PPF will offer you 8.7 percent of the interest rate.

In PPF your returns are compounded. This means you can not only earn returns on the money you invested but you can even earn interest on the interest earned. This is an additional advantage of this scheme which makes its special than others.

# 10 Year National Savings Certificate: The 10 Years National Savings Certificate is a popular and a safe small savings instrument. It is issued by the post offices in India. It offers assured benefits and tax returns. 

This scheme offers a risk free saving option to the investors. The interest rate of NSC is 8.8 percent and it has a maturity period of 10 years. You can start with a minimum deposit of  100. There is no maximum limit to invest in NSC.

# Senior Citizens Savings Scheme: Senior Citizens Savings Scheme offers higher returns to the investors. The rate of interest earned in this scheme is 9.3 percent.

The scheme comes with a maturity period of five years. The most interesting thing in this scheme is the interest is paid out every quarterly during the tenure. This small saving scheme offers secure returns with an investment limit of  1,000.

# 5 Year National Savings Certificate: 5 Year National Savings Certificate offers 8.5 percent of a rate of interest to the investors. Under the Section 80 C, NSC scheme allows you to claim for tax deduction benefits up to  1.5 lakh.

With 5 years of lock in period, this scheme proves to be one of the safest and easiest investment option for the individuals who want to make benefit s within a short span of time.

# Sukanya Samridhi Yojna: The Sukanya Samridhi Yojna was initiated by the Honorable Prime Minister Narendra Modi with an aim to promote girl child education and her marriage expenses. This small deposit scheme for a girl child fetches a rate of interest of 9.2 percent ( Every year it may vary) . Interest will earn upto 21 years from the Date of opening of account.

The account can be opened at any time from the birth of the baby girl till she attains the age of 10 years. This scheme encourages parents to send their daughters to study and brighten their future.

# 5 Year Post Office Time Deposits: 5 Year Post Office Time Deposits is a scheme offered in the post offices in India. This scheme offers 8.5 percent of the rate of interest with a lock in period of five years.

An investor can open an account with a minimum investment of  200. It has no maximum limit instead investments done should be in the multiples of  200.

With all of the above saving options, the government aims to encourage people to contribute a small amount of their incomings towards savings, to make a healthy and wealthy India. Let’s come together and join hands in this endeavor to make more money for a better and secured future.

Source : http://www.siliconindia.com/ ,  BENGALURU

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RBI nod to Post Bank of India expected by July this year : Ravi Shankar Prasad

Union Minister Ravi Shankar Prasad today said he expects Reserve Bank of India(RBI) to grant payment license to proposed Post Bank of India by July. He said the network of 1,54,000 post offices (including 1,30,000 rural post offices) equipped with payment bank facility will bring new revolution.

On proposed Post Bank of India for which permission is pending with Reserve Bank of India, Union Minister said, “by July August the payment bank license is ought to be given. We have 1,54,000 post office. With opening of payment bank there will be new financial revolution. We have 1.5 lakh service sectors involved. We want our 1.30 lakh rural post offices also to be covered under this network.”

Briefing about one year achievements of his department Prasad said, “In last one year 27,215 post offices are networked into one national unit through computers. Money transfer etc facilities are available through this network. 1,30,000 solar powered handheld bio-metric devices to be provided to rural post offices. ”

“In previous year there were 4 ATMs, in this year 115 ATMs are installed. Core banking solution availability is up from 236 to 2590 post offices in one year.”

“E-commerce cash on delivery revenue has been up from Rs 100 crore to Rs 500 crore in a year. Parcel revenues grew by 37% this year from 2% decline in previous year. 28 new parcel centers are established to boost e-commerce.”

“CAG report laid in parliament on May 2015 highlights that speed post service is better than private couriers. The survey was conducted in 8 states before this conclusion.”