04/01/2017
Allocation of cash for rural areas through rural Post Office - RBI Order.
Amendment in Recruitment Rules for revising the upper age limit – DoPT orders issued on 28.12.2016
Amendment in RRs for revising the upper age limit as 30 years for the recruitment made under Combined Graduate Level Examination conducted by SSC for the post carrying Grade Pay of Rs. 4200, 4600 & 4800/-.
No.AB-14017/48/2010-Estt.(RR)
Government of India
Ministry of Personnel P.G & pensions
Department of Personnel and Training
North Block, New Delhi
Dated: 28th, Dec 2016
OFFICE MEMORANDUM
Sub: Amendment in RRs for revising the upper age limit as 30 years for the recruitment made under Combined Graduate Level Examination conducted by SSC for the post carrying Grade Pay of Rs. 4200, 4600 & 4800/-.
The undersigned is directed to refer to this Department’s O.M. of even number dated 31st May, 2016 issued in pursuance of meeting in DoPT on the issue cited in subject above. All the participant Ministries/Departments were requested to send a proposal for amendment of the Recruitment Rules for the posts having Grade Pay of Rs. 4200/-, 4600/- and 4800/- which are part of CGLE so as to revise the upper age limit as 30 years, in consonance with the guidelines on framing/amendment of Recruitment Rules dated 31.12.2010.
2. Further, DoPT vide OM dated 14.09.2016 requested all participating Ministries / Departments to convey the status for amendment of the RRs of the posts carrying Grade Pay Rs. 4200, 4600 & 4800/- and to furnish a copy of the notification of the Recruitment Rules.
3. A statement containing the details of the posts for which recruitment rules are required to be amended is enclosed. The cadre controlling authorities of respective Ministries/Departments are requested to inform this Department about the current status of amendment. A copy of the notification issued for amendment in RRs may be sent to this Department latest by 10.01.2017.
(G. Jayanthi)
Director (E-I)
Details of the posts for which RRs are to be amended
Authority: Dopt
What Is CSI ? What Is Going To Happen In The Future In Post Offices
What is CSI?
Core system Integrator or in short CSI is a new software which will replace our legacy meghdoot modules completely.
Yes all software which we are using now like Meghdoot Point Of Sale, Treasury, Sub Accounts, Accounts and Accountant module will be replaced by
- CSI Point Of Sale
- CSI Back Office and
- SAP
All our day to day transaction will be done using the above three new software only. These new software are developed by TCS and trust me they have done a great job. They have brought everything under one roof.
Not only operational post offices, but administrative offices like divisional offices, regional and circle offices must use CSI SAP module to do their daily works.
Every thing is well organised in this new software. But the learning curve is a little steep. Counter operations are all bit easy but when it comes to the SAP part, things get really rough.
Our day to day work in sub offices is mostly done using CSI Point of Sale (PoS) and CSI Back Office softwares only.
With the help of these new products which we are going to use soon, our work will greatly reduce.
The duplication of work which we had to do will now completely be gone. Previously, whatever transactions we do at sub offices, were again had to be done at HO using Sub accounts and accounts module, the same transactions are to again accounted for in Circle Offices and again at the directorate level.
This repetition of work will completely be gone. Since all the transactions which take place at Sub offices or even branch offices will be stored in a central location and hence need not fed again in the system.We haven't got the official confirmation but, we think that there will not be any more SO daily accounts, schedules and stuff any more. Just do your work, tally the money and go home. Isn't it great? Yes absolutely.
But the only problem is getting used to the new software. No problem, just keep following our blog and you will be doing good.
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Paytm gets RBI approval for payments bank
Paytm today said it has received final approval of the Reserve Bank to formally launch its payments bank and it expects to start operations next month.
Payments banks can accept deposits from individuals and small businesses up to Rs 1 lakh per account.
"Today, Reserve Bank of India gave permission to formally launch Paytm Payments Bank. We can't wait to bring it in front of you," Vijay Shekhar Sharma, founder of One97 Communications, said in a blogpost.
"No other role or responsibility means as much to me as the privilege of building Paytm Payments Bank, and I intend to take a full-time executive role in the Bank," Sharma said further.
He added that at Paytm Payments Bank, the aim is to build a new business model in banking industry, focussed on bringing financial services to hundreds of millions of unserved or underserved Indians.
When contacted, a Paytm spokesperson said the company hopes to launch operations in February with the first branch coming up in Noida, Uttar Pradesh.
Paytm was earlier slated to begin operations around Diwali last year. In 2015, RBI had awarded 'in-principle' approval to Vijay Shekhar Sharma, the founder of One97 Communications, to set up a Payments Bank along with 10 others.
With the objective of deepening financial inclusion, RBI kicked off an era of differentiated banking by allowing SFBs (small finance banks) and PBs (payments banks) to start services. A total of 21 entities were given in-principle nod last year, including 11 for payments banks.
Later, three entities -- Tech Mahindra, Cholamandalam Investment and Finance Company and a consortium of Dilip Shanghvi, IDFC Bank and Telenor Financial Services -- backed out of the payments bank licensing.
Currently, Airtel is the only player that has commenced Payments Bank operations. Aditya Birla Idea Payments Bank is expected to launch services in the first half of 2017.
Sharma will hold the majority share in Paytm Payments Bank, with the rest being held by One97 Communications.
Last month, One97 Communications had restructured its business ahead of the launch of the Payments Bank, merging the wallet business with payments bank operation.
Alibaba Group and its affiliate Ant Financial pumped in USD 680 million into Paytm's parent One97 Communications last year, taking its total shareholding to over 40 per cent in the country's largest mobile wallet operator, Paytm.
However, the Chinese entity will not have a direct shareholding in the payments bank.
Source:-The Economic Times
