AIAPC Punjab Circle Wishes You A Happy New Year-2018
Sunday 31 December 2017
Sunday 17 December 2017
No Cash Replenishment In ATMs After 9PM, Says Government
New Delhi: Concerned over incidents of attack on cash carrying vans, the government has proposed that ATMs should not be replenished with cash after 9 pm in cities and private cash transportation agencies must collect money from the banks in the first half of the day, officials said.
The deadline for putting money in the ATMs in rural areas would be 6 pm, and 4 pm in Naxal-affected districts.
Also, specially designed cash vans, fitted with CCTVs and GPS, must not carry more than Rs 5 crore per trip. Two armed guards and a driver in each van must be trained to "disengage with the situation and drive vehicle to safety" in case of an attack, a home ministry official said.
These are a part of the new SoPs proposed by the home ministry for private security agencies carrying out the task of replenishing ATMs.
Nearly 8,000 private vans ferry around Rs 15,000 crore daily between banks, currency chests and ATMs across the country. An additional Rs 5,000 crore is held up overnight by private security agencies in their private cash vaults on behalf of the banks.
The SoPs have been prepared after a surge in attacks, hijacking and looting of cash vans which are seen as soft targets.
The SOPs have been sent to the Law Ministry for a detailed vetting and once they are approved, the guidelines will be issued to all state governments for implementation, the official said.
The government has proposed that for replenishment in ATMs, cash transportation agencies must collect cash from the bank in the first half of the day and no cash loading of the ATMs or cash movement should be done after 9 pm in urban centers across India.
Per trip, a cash van cannot carry more than Rs 5 crore, the new SOPs have proposed. Specially designed and secure cash vans must be compulsorily deployed for carrying cash of over Rs 5 lakh per trip.
All cash transportation and ATM cash replenishment activities must only be carried out by operational staff who have undergone thorough antecedent check. All state controlling authorities for Private Security Agencies Regulation Act, 2005 have been advised to enforce the above guidelines on all cash van agencies and review compliance from time to time.
Such vans must have two independent compartments, with the one for storing cash to be separated and locked from passenger compartment and the cash compartment being specially reinforced with steel and with one door which can be opened internally through a manual or electronic lock, another official said.
Every cash van must have the following minimum staff on board for every single cash transportation service -- one driver, two armed security guards and two ATM Officer or custodians, according to the guidelines.
Cash van must always be escorted by two trained armed security guard on board. More than two armed security guard may be deputed on a cash van depending on the amount of cash carried and as per individual company's insurance guidelines/ client contract/terrain of operation.
Antecedent check of all personnel involved in cash transportation operations is a must.
Licensed private security would be responsible to comply with the checks before an individual is allowed to participate in cash transportation and ATM cash replenishment operations.
All personnel involved in cash transportation and ATM cash replenishment activities must be adequately trained and certified, the guidelines said.
Source : www.ndtv.com
NOTIFICATION REGARDING DEPUTATION/FOREIGN SERVICE OF REGULAR EMPLOYEES OF DOP AND ENGAGEMENT OF GDS TO IPPB: GREAT DISCONTENTMENT IN PM CADRE
This is about deputation of 500 regular employees and 650 GDS to IPPB. The schedule of application is as below:
The important dates are as follows: Activities
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Dates
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On-line registration including Edit/ Modification of Application by candidates
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December 15, 2017 to January 05, 2018
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Online Payment of Application Fees
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December 15, 2017 to January 05, 2018
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Download of Admit cards for online examination
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January 12, 2018
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Date of Online Examination (tentative)
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January 20, 2018 – for Manager (Area Sales) and for Asst Manager (Area Operations)
January 21, 2018 – for Territory Officer
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The link to access the application is as follow:
Click here to view - Advertisement for deputation from DoP
Click here to view - Notification - Deputation to IPPB
Once again PM cadre is totally ignored by DoP, who are already more than 6 years professional experience. This has created discontentment in whole PM cadre. AIAPC will take up matter with DoP shortly in this regard.
Thursday 14 December 2017
Change in syllabus for LDCE for PM Grade-I, Inspector Posts, Senior Postmaster and PS Gr. B cadre
It is learnt that Department is going to make few changes in the existing syllabus of LDCE for promotion to the cadre of Postmaster Grade-I, Inspector Posts, Sr. Postmaster and PS Gr. B.
Herein after all the LDCEs will be held on ONLINE.
CEPT Instructions: All the COD articles should be processed through system as COD
If electronic data not received, please follow the steps detailed below.
a) Any office which receives the COD Parcel physically can give request for electronic data. Server will send electronic data if available
b) Booking information is available with the Server
c) Not marked as RTS by some other office Data entry option is also available from Ver 7.9.6
d) If still the data is not received there may be some issue with the RNet communication etc. In such cases, please forward a copy of the RNet communication folder and a backup of the eCounter db for analysis.
a) Any office which receives the COD Parcel physically can give request for electronic data. Server will send electronic data if available
b) Booking information is available with the Server
c) Not marked as RTS by some other office Data entry option is also available from Ver 7.9.6
d) If still the data is not received there may be some issue with the RNet communication etc. In such cases, please forward a copy of the RNet communication folder and a backup of the eCounter db for analysis.
Preparation and maintenance of Annual Performance Assessment Reports (APAR)
Directorate has again circulated old copy of rules and regulations regarding preparation and maintenance of APAR for information and record purpose.
1) APARs graded below 4 will be given a score of zero.
2) APARs graded between 4 to 6 and short of 6 will be rated as 'good' and given a score of 5.
3) APARs graded between 6 and short of 8 will be will be rated as 'very good' and given a score of 7.
4) APARs graded between 8 and 10 will be rated as 'outstanding' will be given a score of 9 for the purpose of calculating average scores for empanelment /promotion.
To view the details, please CLICK HERE. All members are requested to keep the copy of this ruling with them for record purpose.
Service Desk Details for CSI and FSI support
Dear User
Use the below URL to log ticket on SERVICE DESK . Kindly follow these steps for Quick resolution of the problem.
1. Log Ticket at "http://servicedesk.indiapost.gov.in" by using your SSO credentials.(24X7X365)
2. User can also log tickets directly through their Smart phones by using their SSO credentials. The mobile app can be downloaded by accessing url: "https://msd.indiapost.gov.in/EmployeeRegistration/"
3.Call our avr no. 022-62312700 for any assistance.
Note: CSI service desk do not support any email.
Intimation Regarding Mailbox Quota
Please be informed that as part of standardization of Email mailbox quota across India Post domain, your existing Mailbox size will be modified according to DoP email policy with effect from 1st January 2018.
Please install MS Outlook client on your laptop/desktop. You are requested to archive / download your mails on local outlook client. Instruction Guide for MS Outlook Client Configuration document is attached.
Please note that with effect from 1st January 2018, mailbox quota will be applied as per DOP email policy. Hence request you to ensure to maintain your mailbox by housekeeping regularly and download emails to local archival.
Thanks & Regards
DoP Email Implementing Agency
For Assistance please reach to Help Desk over:
Mail id doptcs.wave1support@tcs.com & Phone: 022-62312700
Wednesday 13 December 2017
DOPT trying best to clear backlog of promotions: Dr Jitendra Singh : PIB
The Union Minister of State (Independent Charge) of the Ministry of Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr. Jitendra Singh said that the Department of Personnel & Training (DoPT) is trying its best to clear the backlog of promotions which had accumulated for several years. He said, while the Government led by the Prime Minister Shri Narendra Modi follows a policy of zero tolerance towards corrupt and non-performing officers, at the same time it is also supportive towards performing officers of integrity.
Dr Jitendra Singh was responding to a delegation of Central Secretariat employees who called on him here today and sought his intervention for timely promotion of lower grade staff members. They also submitted a memorandum on behalf the Central Secretariat MTS Association, wherein it was submitted that many of the lowermost working professionals in the Government of India get deprived of even single promotion during their entire service tenure.
Dr Jitendra Singh said, in order to bring in the ease of governance as well as objectivity in empanelments, the government has, in the last three years, improvised upon the procedures so as to ensure that there are no subjective preferences involved in carrying out the promotions. The procedures have been made more hi-tech using sophisticated technology tools to minimize the human interface, he added.
He said that in the past, every government took credit for bringing in a new legislation or rule while this government has done away with nearly 1500 rules which were either obsolete or had become irrelevant with the passage of time. All this is meant not only to ensure effective and timely delivery of outcomes for the public, but also to enable the employees to perform to the best of their ability, he added.
Dr Jitendra Singh said, he himself personally feels disturbed to come across cases where some of the employees working in the lowest rung of administration spend their entire service tenure of 30 to 35 years without securing a single promotion. He said, he has discussed the issue with all the senior officers in the Ministry and several innovative means are being evolved to avoid stagnation at middle and lower rungs of administration.
Dr Jitendra Singh also regretted that in a large number of cases, stagnation in promotions was the result of litigation amongst the employees themselves and even though the DoPT tries its best to put forward its view in the court of law, the delay becomes inevitable.
LSG, HSG I, HSG II Cadre Restructuring Orders of Odisha Circle
LSG, HSG I, HSG II Cadre Restructuring Orders of Odisha Circle
Click Below to View Orders
Cadre Restructuring
HSG I
HSG II
LSG
Extension of deadline till 31.3.18 for submission of Aadhaar number, and Permanent Account Number or Form 60 by client to the reporting entity
Press Information Bureau
Government of India
Ministry of Finance
Ministry of Finance
13-December-2017 17:15 IST
Extension of deadline till 31.3.18 for submission of Aadhaar number, and Permanent Account Number or Form 60 by client to the reporting entity
After considering various representations received and inputs received from Banks, it has been decided to notify 31stMarch, 2018 or six months from the date of commencement of account based relationship by the client, whichever is later, as the date of submission of the Aadhaar number, and Permanent Account Number or Form 60 by the clients to the reporting entity. Necessary notification in this regard has been issued.
It may be recalled that earlier Under the provisions of Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017, published in the Extraordinary Gazette of India vide G.S.R. 538 (E) dated 01.06.2017, it was provided that
i) In case the client, eligible to be enrolled for Aadhaar and obtain a Permanent Account Number does not submit the Aadhaar number or the Permanent Account Number at the time of commencement of an account based relationship with a reporting entity, the client shall submit the same within a period of six months from the date of the commencement of the account based relationship. Provided that the clients, eligible to be enrolled for Aadhaar and obtain the Permanent Account Number, already having an account based relationship with reporting entities prior to date of this notification, the client shall submit the Aadhaar number and Permanent Account Number by 31st December, 2017.
(ii) In case the client fails to submit the Aadhaar number and Permanent Account Number within the aforesaid six months period, the said account shall cease to be operational till the time the Aadhaar number and Permanent Account Number is submitted by the client. Provided that in case client already having an account based relationship with reporting entities prior to date of this notification fails to submit the Aadhaar number and Permanent Account Number by 31st December, 2017, the said account shall cease to be operational till the time the Aadhaar number and Permanent Account Number is submitted by the client.
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DSM/SBS/KA
Monday 30 October 2017
How about a gold small savings scheme?
Small savers need a safer alternative to the unregulated gold savings schemes run by jewellers
Has demonetisation prompted the Indian saver to abandon traditional options such as gold and make a beeline for financial assets? Financial firms and stock market investors certainly seem to think so. But the wave of panic that swept Chennai this week after a reputed jewellery chain defaulted on its gold savings scheme, reminds us that a large cross-section of Bharat remains immune to the charms of mutual funds.
It is not newfangled instruments such as Gold Exchange Traded Funds (ETFs) or Sovereign Gold Bonds (SGBs) that attract these savers. Instead, at least in the southern States, it is the unregulated Thanga Kuviyal, Golden Deposit and Golden Advance schemes offered by neighbourhood jewellers that are magnets for this money.
Vulnerable to a run
The main attraction of jeweller-backed gold savings schemes for the aam aurat (or aadmi) is their simple design. Every month, the customer deposits a fixed instalment as small as ₹500 with the jeweller. At the end of 12 months, she is free to swap these savings for an equivalent value of gold jewellery, or roll it over for another year. Customers do not seem to mind that jewellers often do not offer any interest on these ‘deposits’. While a few throw in a free 12th instalment as a sweetener, others use low making charges or freebies as the lure. These schemes, widely misunderstood as ‘gold deposits’ or ‘gold chits’ (they are neither, as the deposit takers are not registered under the Companies Act or the Chit Funds Act) are in fact such a household phenomenon in Tamil Nadu that they serve as a significant source of working capital funding to the jewellery industry.
The unregulated nature of these schemes allows them to raise prodigious amounts without sticking to any end-use criteria. This makes them vulnerable to the fluctuating fortunes of the jeweller. Even jewellers who have no intention of defaulting may be forced to renege on payments if subjected to a run by panicky customers, as they maintain no capital buffers or redemption reserves against these dues. Indeed this is what may have transpired at Chennai’s Nathella Sampath Jewelry this week, wherethe jeweller has officially admitted to a financial crunch and sought more time to honour commitments.
Nor are such defaults by jewellers uncommon. Over a decade ago, Bharathi Gems and Jewels was hauled to court by its 9,100 depositors for defaulting on repayments. As recently as September, financial papers reported a SEBI investigation into the Kerala-based Chemmanur International Jewellers for allegedly collecting over ₹900 crore in ‘advances’ from the public as part of a gold scheme.
Regulatory no-man’s land
Surprisingly , these gold savings schemes despite being a household phenomenon and raking in hundreds of crores every year, essentially operate in a regulatory no-man’s land. Despite their ostensible drive to rein in illegal money-pooling schemes, the ministry of corporate affairs, SEBI and RBI have all been citing jurisdictional issues to keep gold savings schemes out of their regulatory ambit. Section 45S of the RBI Act expressly bars unincorporated entities from accepting public deposits, and companies accepting such deposits are required to register themselves as NBFCs with the RBI. However, the RBI has been wary of extending its regulatory reach to jewellers’ schemes.
SEBI won exceptional powers to regulate Collective Investment Schemes that pool Rs. ₹100 crore or more, after the Sahara and Saradha scams broke a few years ago. It has since issued a rash of orders against Ponzi schemes promising astronomical returns from investing in orchards, agricultural land, goat-rearing and the like. But none of the orders has featured gold savings schemes. The explanation could be that most of these schemes slip under the radar by mopping up less than ₹100 crore or aren’t reported to SEBI. The rebooted Companies Act of 2013 tightened the screws on companies accepting public deposits by asking them to set aside redemption reserves, cap their deposits at 25 per cent of networth and restricting their interest payouts. Large corporate jewellers such as Titan Industries wound down their gold savings schemes with alacrity after this change. But perversely, the more risky unincorporated jewellers have been let off scot-free and collect gold ‘deposits’ under the guise of trade advances. The net effect of all this is that a rash of gold savings schemes continue to flourish.
A gold accumulation plan
The reaction of Indian policymakers is to either to impose an outright ban or to blame it all on investor greed. But greed clearly isn’t a factor here, because many savers frankly don’t even seek a return from their gold schemes. These schemes have proliferated mainly because they satisfy a deeply felt need of the Indian saver — that of accumulating unaffordable gold through byte-sized investments.
So what should policymakers do now? Well, that gold savings schemes from unincorporated jewellers need to be regulated is a no-brainer. But it is equally essential that the small saver is offered a simple, safe alternative that meets her felt need for gold accumulation. Today, gold ETFs from mutual fund houses and tranches of Sovereign Gold Bonds (SGBs) sold by the RBI via banks offer two regulated avenues for investors to own gold in paper form and replicate its returns. But gold ETFs require the investor to own a demat account and be familiar with the workings of the stock market. SGBs permit only lumpsum investments at a fixed price, aren’t easy to understand and carry a long lock-in of 5-8 years. Both instruments are presently used mainly by informed investors.
Reworking the SGB scheme into an on-tap format that allows the saver to invest in instalments is one option. But a better one would be for the Centre to push for a Gold Accumulation Plan from banks or India Post, which simply replicates the features of the jewellers’ schemes. In fact, it makes eminent sense to add a Pradhan Mantri Swarna Sanchay Yojana to the menu of financial products already available to PMJDY account-holders. Banks or post offices can be incentivised through a commission on each instalment.
There are two risks to rolling out GAPs on this scale. Issuers offering these schemes will need to back every purchase with physical gold or hedge against the gold price risk. But such risks are already inherent to SGBs and can be handled in a similar fashion. If the scheme becomes a runaway hit, it may bloat India’s gold import bill and send the CAD into remission. But imposing a cap on individual gold purchases can ensure that only small savers, and not speculators, throng to them.
RIGHT TO INFORMATION ACT 2005 - INDIA POST
RIGHT TO INFORMATION ACT 2005
RTI Contents
Name, designation and other particulars of public information officers.
Thursday 19 October 2017
AIAPC Punjab Circle wishes you happy, prosperous & pollution free Diwali
AIAPC Punjab Circle
Wishing You A Very Happy & Prosperous Diwali.
Wishing You A Very Happy & Prosperous Diwali.
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