Monday, September 10, 2012

          A workshop on financial inclusion programme was organized by India Post from 04th Sep. 2012 to 06th Sep. 2012. Nineteen international participants from nine countries including India, Bhutan, Nepal, Maldives, Vietnam, Malaysia, Indonesia, Myanmar and Bangladesh attended the said workshop. Further three delegates from United Postal Union (UPU) Headquarter Bern and one from UPU regional HQ Bangkok also attended the workshop.

          This workshop was led by Mr. Serguei Ananda who is head of financial services at UPU. In this workshop two UN agencies came together i.e. UPU and International Federation of Agriculture Development (IFDA) to develop facilities for cross border money remittances and its deliveries in rural areas.

          This programme was mainly for the Indian workers of abroad who regularly send money to their relatives in the rural areas in India.

          On the last day of workshop yesterday, the team visited Goledakkhana. The team was briefed about the functioning of inland and international money remittance by Sh. Pranav Kumar, Director, Goledakkhana. 

(Release ID :87632)(PIB)
            The Minister of State for Communications & Information Technology Sh Sachin Pilot informed the Lok Sabhayesterday that the gross deposit of Small Savings Scheme in Post Offices declined in the financial year 2011-12 as compared to the year 2010-11.                                                         
           The decline of gross deposit in small savings schemes is, among other things, due to investor’s choice of alternative instruments for effecting savings. The Government has taken following measures to make the small saving schemes more attractive:-
 1.   The rate of interest on Post Office Savings Account (POSA) has been increased from 3.5% to 4%.  The ceiling of maximum balance in POSA 1 lakh in single account and 2 lakh in joint account) has been removed.
 2.  The maturity period for Monthly Income Scheme (MIS) and National Savings Certificate (NSC) has been reduced from 6 years to 5 years.
 3.   A new NSC instrument, with maturity period of 10 years, has been introduced.
 4.  The annual ceiling on investment under Public Provident Fund (PPF) Scheme has been increased from ` 70,000 to ` 1lakh.
 5.  Liquidity of Post Office Time Deposit (POTD) – 1, 2, 3 & 5 years – has been improved by allowing pre-mature withdrawal at a rate of interest 1% less than the time deposits of comparable maturity.  For pre-mature withdrawals between 6-12 months of investment,  Post Office Savings Account (POSA) rate of interest has been allowed.
 6.         Central and State Governments take various measures from time to time to promote and popularise small saving scheme through print and electronic media as well as by holding seminars, meetings and providing training to the various agencies involved in mobilising deposits under various small savings schemes. The rate of interest on Small Savings Schemes has been aligned with Government-Security rates of similar maturity with a spread of 25 basis points (bps) in all schemes except 10 Years National Savings Certificates (IX-Issue) and Sr. Citizens Savings Scheme where the spread of 50 bps and 100 bps has been given respectively (100 bps are equal to 1%).  Interest rate for every financial year will now be notified before 1st April of that year.
           There were 26,01,69,920   number of operational small savings accounts in the Post Offices as on 31.03.2012  and the amount deposited therein upto the end of March 2012  was  Rs. 190732.73 crore . 2,84,10,593 accounts were closed by customers during financial year 2011-12. *
(Release ID :87518)(PIB)
No.12.76/2012-FA (UN)
Government of India
Ministry of Personnel, PG & Pensions
Department of Personnel & Training
North Block,
New Delhi, the 4th September, 2012.
Subject : Grant of Cadre clearance and extension of tenure of foreign assignments of officers of the Organized Gp. ‘A’ & Gp. ‘B’ Services of the Government of India with the international organizations- reg.
Kindly refer to this Department’s O.M. No. AB-14017/2/07-Estt.(RR), dated 29/02/2008, regarding Consolidated guidelines on deputation/foreign service for members of the organized Gp. ‘A’ and Gp.'B' Services of the Central Government. In this regard, the undersigned is further directed to say that the ACC has approved that the norm of fixing seven years as maximum period away from the cadre may be followed strictly.
2.         Therefore, all the Ministries/Departments of the Government of India are hereby requested to restrict the proposals of officers of the organized Gp. ‘A’ & Gp.‘B’ Services of the GOI proceeding on foreign assignment from a deputation post to a maximum of seven years on the deputation post and the foreign assignment put together subject to the tenure limits prescribed in the above referred O.M. dated 29/02/2008.
(Dr. Amarpreet Duggal)
Deputy Secretary to the Government of India