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Monday, April 23, 2018
Saturday, April 21, 2018
Friday, April 20, 2018
Wednesday, April 18, 2018
Monday, April 16, 2018
Reimbursement of medical claims under the Central Government Health Scheme (CGHS) : Supreme Court Judgement
CLICK HERE TO VIEW THE COPY OF JUDGEMENT
Tuesday, April 10, 2018
Finance Ministry Approved Linking of POSB Accounts with IPPB Accounts
Around 340 million post office savings account holders will be able to avail a full-fledged digital banking service from May as the government has approved linking such accounts with that of India Post Payments Bank (IPPB).
"The finance ministry has approved linking of savings bank accounts at post offices with IPPB accounts. This will enable post office account holders to transfer money from their account to any bank accounts...," an official source told PTI.
The 340 million savings accounts comprise 170 million post office savings bank accounts and rest are those subscribed monthly income scheme, recurring deposits etc.
The move also paves the way for creating of country's largest banking network as India Post has plans to link all 155,000 post office branches with the IPPB.
India Post has started core banking service but it offers money transfer service within post office savings bank (POSB) accounts.
"IPPB is governed by Reserve Bank of India and banking service of post offices comes under the finance ministry. IPPB customers can use NEFT, RTGS and other money transfer services as available for any banking customers. Once POSB accounts are linked with IPPB, customers will be able to enjoy all money transfer service like other banks," the source said.
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IPPB to Enable POSB Accounts for Online Fund Transfer
No decision has been taken to revise the timelines as reported in some sections of the media on Tuesday, 06th February 2018.
Once the proposed expansion is completed, IPPB will be providing the largest financial inclusion network in the country, covering both urban as well as rural hinterland with ability to provide digital payment services at the doorstep with the help of Postmen and Gramin Dak Sewaks (GDS).
IPPB will also enable more than 17 crore active account-holders of Post Office Savings Bank to make interoperable digital payments including the benefit of NEFT, RTGS, UPI and bill payment services.
Additionally, the IPPB will enable acceptance of digital payments across post offices in the country in line with the digital payments initiative of the government.
Source: Press Information Bureau
Monday, April 9, 2018
Tour Programme of NFPE leaders in Gudur Division
A tour programme has been convened by NFPE leaders of Gudur division to enlighten the members regarding GDS Pay Committee, Membership Verification, ensuing Struggle Programmes and the election for Nellore Dist P & T Employees Co-op Society.
An area-wise meetings conducted in Rapuru, Chejerla, Kaluvoya, Podalakurur, Viruru, Vk Satram, Nidiguntapalem, Manubolu, Nayudupet, Sullurupet Post Offices.
Com.K.Sudhakar, Divn President, Gr.C., Com.K.Chandrda Sekhar, D/S P4., Com.D.S.B.Purushottam, D/S, AIPEU-GDS and other leaders of NFPE participated in the meetings.
Com.P.Pandurangarao, Genl, Secy, AIPEU GDS participated in Nayudupet & Sullurupet meetings.
The meetings in other places also will continue in course of time.
Standard Deduction Applicable for Pensioners – Clarification
Ministry of Finance
Clarification regarding applicability of standard deduction to pension received from the former employer
The Central Board of Direct Taxes (CBDT) has clarified that the pension received by a taxpayer from his former employer is taxable under the head “Salaries”. The Finance Act, 2018 has amended Section 16 of the Income–tax Act, 1961(“the Act”) to provide that a taxpayer having income chargeable under the head “Salaries” shall be allowed a deduction of Rs 40,000/- or the amount of salary, whichever is less, for computing his taxable income. Accordingly, any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000/- or the amount of pension, whichever is less, under Section 16 of the Act.
Earlier, the representations were received seeking clarification as to whether a taxpayer, who receives pension from his former employer, shall also be eligible to claim this deduction.
Source: PIB News
Post office savings account customers can soon avail full digital banking service
New Delhi, Apr 8 (PTI) Around 34-crore post office savings account holders will be able to avail a full-fledged digital banking service from May as the government has approved linking such accounts with that of India Post Payments Bank (IPPB).
"The finance ministry has approved linking of savings bank accounts at post offices with IPPB accounts. This will enable post office account holders to transfer money from their account to any bank accounts...," an official source told PTI.
The 34 crore savings accounts comprise 17 crore post office savings bank accounts and rest are those subscribed monthly income scheme, recurring deposits etc.
The move also paves the way for creating of countrys largest banking network as India Post has plans to link all 1.55 lakh post office branches with the IPPB.
India Post has has started core banking service but it offers money transfer service within post office savings bank (POSB) accounts.
"IPPB is governed by Reserve Bank of India and banking service of post offices comes under the finance ministry. IPPB customers can use NEFT, RTGS and other money transfer services as available for any banking customers. Once POSB accounts are linked with IPPB, customers will be able to enjoy all money transfer service like other banks," the source said.
He said that by May, India Post will give option to POSB account customers to avail this facility.
"The service will be optional. If post office account holders opt for it, their account will be linked to their IPPB account," the source said.
As per an official statement issued earlier, India Post plans to start functioning of all 650 IPPB branches from this month. All 650 branches will be connected to smaller post offices in the districts.
"IPPB branches and all the access points will be linked to postal network which has 1.55 lakh post offices in total. Out of this, 1.3 lakh branches are in rural area," the source said.
With 1.55 lakh branches, India Post will be able to create countrys largest banking network.
"In the second phase, starting September, account holders in post office will have an option to pay for post office products from their IPPB accounts including deposit money for Sukanya Samridhi Yojana, recurring deposits, speed post, etc," he said.
Also, the IPPB will start registering merchants who will accept payment from its customer with help of application. The IPPB customers will be able to make payments to various merchants like grocery store, tickets etc with help of their app, the source said.
PTI PRS MKJ
This is unedited, unformatted feed from the Press Trust of India wire.
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Tuesday, April 3, 2018
PA / SA Induction Training - PTC Mysuru -- Schedule
Sub:- Induction Training for candidates selected as PAs / SAs (Direct Recruit)
Andhra Pradesh/Telangana/Kerala/Karnataka
CLICK HERE FOR DETAILS
Monday, April 2, 2018
No Business day for POSB i.e Finacle and RICT
As per CEPT reports, all menus in Finacle are already disabled and link for RICT is also down till 23:59 tonight (02.04.2018) in connection with year end closing.
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