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Friday, October 31, 2014

Expenditure Management - Economy Measures and 

Rationalisation of Expenditure

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Superannuation retirement of Sri C H Wadageri ASP (HQ) Dharwad Division Dharwad-580001.

   Sri C H Wadageri ASP (HQ) Dharwad Division Dharwad is going to superannuation retirement today. The association wishes a very happy and peaceful retired life.

Thursday, October 30, 2014

Philately exhibition on the theme "Karnataka"

     Karnataka Postal Circle and Karnataka Philately Society is organizing the philately exhibition on the theme "Karnataka" at 'Vismaya' Hall of MG Road Metro Station, Bangalore during the period from 1/11/2014 to 14/11/2014. The inauguration ceremony will commence at 11.00 A.M on 1/11/2014. The exhibition is open for all during the period from 1st November 2014 to 10th November 2014 from 11.00 AM to 07.00 PM. Tuesday will be holiday. During the exhibition period a special cover is proposed to be released at the venue of the exhibition. 

GS Desk...

It is learnt that there is no progress at Directorate for issue of notification for holding of LDCE for the promotion to the cadre of PS Gr. B. Question bank on revised syllabus is said to be not ready. CHQ has already requested Directorate to hold PS Gr. B examination separately for the year 2013 and 2014. 
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.

Shri Prasad informed delegates from various countries that Post Office Savings Bank is one of the oldest and largest savings institution in the country and it also has the largest outreach in rural India, and more so, in backward and remote areas. The minister expressed happiness that the major asset of the postal institution, that is its connectivity on the ground is sought to be used for promoting e commerce in the country.

Secretary, Department of Posts Srimati Kavary Banerjee, in her key note address informed that the Department’s network of thousand post offices significantly out-numbers the combined number of branches of all commercial banks taken together. The post office savings schemes hold a total of 312 million accounts, which is more than the number of accounts held by any commercial bank. More importantly, the social sector disbursements done through the post offices have succeeded in bringing a total of about 80 million previously unbanked individuals into the fold of formal financial institutions in the last five years. All these have led to a change in the perception about the Post Office among the public as also within the organization. Consequently India Post is now perceived as a potential key facilitator of financial inclusion in the country, having a role in promoting the country’s socio-economic development, she added.

The theme of this year’s Postal Savings Banks Forum will be "The rising force of postal banking in the retail banking market".
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