Wednesday, August 22, 2018

Date : 22.08.2018

PM Modi to launch India Post Payments Bank on September 1

Prime Minister Narendra Modi on September 1 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said.
Prime Minister Narendra Modi was to launch IPPB on August 21. IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural areas. (PTI)

Prime Minister Narendra Modi on September 1 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said. “The launch of India Post Payments Bank has been rescheduled for September 1. The Prime Minister will launch,” a senior government official told PTI. The launch of India Post Payments Bank (IPPB) was recently rescheduled in the wake of seven-day national mourning declared after the demise of former Prime Minister Atal Bihari Vajpayee.

Prime Minister Narendra Modi was to launch IPPB on August 21. IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural areas. “Government is trying to link all the 1.55 lakh post office branches with IPPB services by the end of this year,” the official said. This will create the country’s largest banking network with direct presence at village level.

IPPB CEO Suresh Sethi had earlier said that IPPB will go live with 650 branches in addition to 3,250 access points co-located at post offices and around 11,000 postmen both in rural and urban areas will provide doorstep banking services. IPPB has permission to link around 17-crore postal savings bank (PSB) accounts with its account.

With IPPB in place, people in rural area will be able to avail digital banking and financial services, including money transfer, to any bank account either with help of mobile app or by visiting a post office. IPPB was the third entity to receive payments bank permit after Airtel and Paytm.

Payments banks can accept deposits of up to Rs 1 lakh per account from individuals and small businesses. The postal payment bank has permit to carry RTGS, NEFT, IMPS transaction that will enable IPPB customers to transfer and receive money from any bank account. With the third party tie-ups, account holders in IPPB will be able to avail financial services as in case of a regular banking customer. The payment bank will be used by government to distribute NREGA wages, subsidies, pension etc.

The IPPB app which is expected to be launched on same day will enable customers to pay for services of around 100 firms including phone recharges and bill, electricity bill, DTH service, college fees etc that are present on Bharat Bill payments system of National Payments Corporation of India.

Revision of Entitlement of TA/DA to JCM Members after implementation of Seventh CPC recommendations.

Date :22.08.2018

Revision of Entitlement of TA/DA to JCM Members after implementation of Seventh CPC recommendations.


F. No. 8/10/2008-JCA
Government of India Ministry of Personnel, P.G. & Pensions
Department of Personnel & Training
Establishment (JCA) Section

North Block, New Delhi
Dated 20th August, 2018

OFFICE MEMORANDUM


Subject: Revision of Entitlement of TA/DA to JCM Members after implementation of Seventh CPC recommendations.

The undersigned is directed to say that consequent upon the revision of rates of Travelling Allowance/Daily Allowance by the Department of Expenditure vide O.M. No. 19030/1/2017-E.IV dated 13/07/2017, the Staff Side Members of the National Council (NC)/Departmental Councils and Third Level/Regional Councils of JCM shall be entitled to TA/DA etc. in the following manner w.e.f. 01.07.2017.

A. National/Departmental Council JCM
TA/DA entitlement as admissible to officers in Pay level 12 & 13 as per Department of Expenditure’s O.M. No. 19030 /1/2017-E.IV dated 13/07/2017 as under:

(i) Travel entitlement within the country – Economy class by Air or AC-I Class by Train including travel in Premium /Premium Tatkal /Suvidha/Shatabdi / Rajdhani Trains.

(ii) Reimbursement for Hotel Accommodation of upto Rs. 4500/- per day.

(iii) Reimbursement of food bills not exceeding Rs.1000/- per day.

(iv) Reimbursement of AC Taxi Charges of upto 50 kms per day.

B. Regional/ Office Council (JCM)
TA/DA entitlement as admissible to officers in Pay level 11 as per Department of Expenditure’s O.M. No. 19030 /1/2017-E.IV dated 13/07/2017 as under :

(i) Travel entitlement within the country – Economy Class by Air or AC-II Class including Rajdhani/ Shatabdi Express etc.

(ii) Reimbursement for Hotel Accommodation of upto Rs. 2250/- per day.

(iii) Reimbursement of food bills not exceeding Rs. 900/- per day.

(iv) Reimbursement of non-AC taxi charges of up-to Rs. 338/- per day for travel within the city

2. The admissibility of DA in case of free boarding and lodging, has been considered in Department of Expenditure. Daily Allowance is given to the Govt. employees as a reimbursement of the expenditure incurred by him on tour for his stay, food and travel at that station. In case of free boarding and lodging, the Govt. employee, if incurring any expenditure on local travel, can claim the same as per Para 2 E(i) and (iii) of the Annexure to OM No.19030/1/2017 E.IV dated 13.07.2017. The earlier system of giving 25% of DA has been discontinued. Also after implementation of 7th CPC recommendations, the facility of DA at 5th CPC rates is done away with.

3. This O.M. is issued with concurrence of the Ministry of Finance, Department of Expenditure vide I.D. No.300377130/2018-E.IV dated 31.07.2018


(Juglal Singh)
Deputy Secretary to the Government of India

Source:DOPT