This blog was earlier addressed as balasore aipedeu.blogspot.in
Thursday, 28 September 2017
Monday, 18 September 2017
Grameen dak sevak, which is another 3 lakh, will be equipped with a device which will provide full range of payment solutions that we will be hosting," India Post Payments Bank (IPPB)
"We will have post bank footprint in every district by March 2018, and before the end of the calendar year, all 1.55 lakh post offices and every postman and grameen dak sevak, which is another 3 lakh, will be equipped with a device which will provide full range of payment solutions that we will be hosting," India Post Payments Bank (IPPB) Chief Executive Officer A P Singh said at an event organised by United Nations on Financial Inclusion.
In the private space, Airtel Payments Bank, launched in January this year, started operations with a network of 2.5 lakh merchants.
Payments banks can accept deposits of up to R
s.
1 lakh per account from individuals and small businesses.
The new model of banking allows mobile firms, supermarket chains and others to cater to banking requirements of individuals and small businesses. It will be set up as a differentiated bank and will confine its activities to acceptance of demand deposits, remittance services, Internet banking and other specified services.
IPPB offers an interest rate of 4.5 per cent on deposits up to R
s.
25,000, 5 per cent on R
s.
25,000-50,000 and 5.5 per cent on R
s.
50,000-1,00,000.
"While our private sector counterparts will, I take it very positively, skim the market from the top, you need someone who works bottoms up. That is our choice," Singh said.
He said that similar to State Bank of India that was created to take banking to people, IPPB is going to take digital payments to masses.
At the event, Telecom Regulatory Authority of India Chairman R S Sharma said transaction cost on digital payment should be very minimal and it should be made affordable.
IPPB, according to Singh, will use Aadhaar as payment address of an individual, indicating that the postal bank may bring the transaction charge close to 1 paisa.
"We will convert it (Aadhaar) into payment address. We will get this activated by offering a host of payment services," Singh said.
"We have taken up the challenge on ourselves as to how we make a R
s.
10 transaction viable. Aadhaar authentication cost less than 1 paisa. There is no reason why a payment transaction should be transacting anything more," Singh said.
At present, private players and even public banks charge transaction fee even on digital payments, depending on the nature of the transaction.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Thursday, 14 September 2017
The Union Cabinet on Tuesday approved the release of an additional 1% of dearness allowance (DA) to Central government employees and dearness relief (DR) to pensioners.
This will be applicable retrospectively from July 1, 2017.
“The release of the additional instalment of DA represents an increase of 1% over the existing rate of 4% of the basic pay/pension, to compensate for price rise,” the government said.
Tuesday, 12 September 2017
My dear Comrades ,
Whereas the mental condition of the GDSs is agonized on today's situation , awaiting for GDSs' pay committee report,the formal old leader is cheerful, due to his achievement to get success in his openion "CHQ received very good news from all Circles regarding membership verification,"is a matter of salt on the wound.
Is the loss of TRCA of the participants in seven days strike period of about Rs.3000/- not agonizing the GDS family members .Whether the pending work of seven days had to clear on joining without remuneration or not? The poor GDSs blindly supporting the leader who does not keep any quality himself to negotiate with the administration by bi-lateral talk and imposes strike and strike on the poor GDSs .As has been seen right from the achievement of agreement for Judiciary committee in 2014.
What yielded for the GDS with the seven days loss of TRCA on last strike?May or may not yield for GDSs,but it yielded much for the Leader, "As per the information, AIGDSU is going to get first position as number one union." the leader says.
It clearly indicates the leader is successful and cheerful to his plan of getting the first position may be on loosing the seven days of TRCA of the common innocent GDSs.
Is this intention of the leader noble or honest ?The leader has always been emphasizing on unity on the great Union of symbol only ,not efficiency .But should not he know that Democracy does not allow single possession or monopoly.Right from 1999 the leader never feels liable to the fate of GDSs rather have been cheerfully enjoying the position as richest General Secretary only due to the non-unitedly innocence of the poor GDSs. Especially the leader has been pet them who can make fool to the others .
The leader never thinks of the constitutional right of the GDSs who have been depriving of the Adjudication on the issue of their legitimate due of service rule and wage structure.The golden fruit of agreement by the Department on 2014 by the sacrifice of about 15 days strike was lost only due to the post strike inefficiency i.e bilateral talk with the Department and the Government by the richest leader ,but now the leader has totally forgotten the issue by his tricky policy of strikes again and again .May I request to think you all to count how many times the leader has been imposing strike since 2014.By this August 2017 whether the leader called the strike in inappropriate issue and engaged the union representatives on collecting forms(for his personal benefit) is a fact or not .I do n't know whether my viewer of this blog would agree with me ,but I find it true .
The leader should know the much number of membership can harvest for him more subscription amount making him rich but not much rich leadership efficiency.As if the leader had no fund to file a suit for the agreement for Judiciary Committee let God give the leader good conscience not to avoid to fight for GDSs with same attitude to use GDSs money for the real cause in future .
Wishing a great awaiting prosperous pay committee gain .
Yours fraternally,
DEBASIS DEY
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