Transfer / Posting Mumbai Region
An Approval of the competent authority is hereby conveyed for transfer/ posting of the following officers in Inspector cadre with immediate effect.
1. Smt S.S.Dalvi IP west Dn posted as IP North West dn.Mumbai
2. Smt S.S.Poojari IP North west Dn posted as IP west Dn Mumbai .
Transfer Cases of surplus IP's under rule 38
Maharashtra cirlce has issued No objection letter vide STA/50-5/19/2014 dated 22.07.2014 to relieve Shri C.Muthusubramanian , Shri N.Pravin , Shri K.Paarmeshwaran and N.Karthikeyan IPO's from Maharashtra Circle to Tamilnadu Circle under rule 38 as this office has already taken their vacncies for IPOexam 2014. However these IPOs will be relieved only after joining of new incumbants.
Transfer / Posting
Smt Shraddha Gokarn ASP Mails C.O. Mumbai is selected as Instructor at PTC Mysore. This association wishes her Best of Luck for new assignment.
Smt Manali Tawade ASP ( HQ) Foreign Post is transferred to Circle Office Mumbai and Posted as ASP ( BD) C.O. Mumbai.
PLI / RPLI Financial Powers.
After the implementation of PLI/RPLI Central Processing Centres to decentralize the work from CO/DO to Head Office level, the financial powers for accepting the proposal, maturity claim and death claim has been revised. Following are the revised financial powers.
Limits for acceptance of new proposals and settlement of maturity, survival benefit claims by different authorities:
1. Postmaster of CPC of HOs headed by Sr. Postmaster/ Head Postmaster - upto Rs 5 lakhs of Sum Assured.
2. Director of CPC of New Delhi HOI Kolkata GPO/ Mumbai GPO and Postmaster of CPC of GPOs headed by Chief Postmaster - upto Rs 10 lakhs of Sum Assured.
3. Head of Division - above Rs 5 lakhs of Sum Assured and upto Rs 10 lakhs of Sum Assured.
4. Postmaster General of the Regional Office/ Circle Office - above Rs 10 lakhs of Sum Assured.
1. Postmaster of CPC of HOs headed by Sr. Postmaster/ Head Postmaster - up to Rs. 2 lakhs of Sum Assured.
2. Director of CPC of New Delhi HO/ Kolkata GPO/ Mumbai GPO and Postmaster of CPC of GPOs headed by Chief Postmaster - upto Rs 10 lakhs of Sum Assured.
3. Head of Division - above Rs 2 lakhs of Sum Assured and upto Rs 10 lakhs of Sum Assured.
4. Postmaster General of the Regional Office/ Circle Office - above Rs 10 lakhs of Sum Assured.
Four Monthly Meeting
It is informed by circle office that four monthly meting with CPMG will be held on 16.07.2014 ( Wednesday)at 12.00 hrs at Circle office Mumbai. ACS of regions are requested to intimate the problem which is to be taken in the four monthly meeting.
Shri M.S.Ahirrao SRM L Dn Bhusawal and S.D.Kharat ACS Mumbai Region will attend the meeting.
Union Budget 2014-15
New Delhi: Following are the highlights of the Union Budget 2014-15 presented by Finance Minister Arun Jaitley in Parliament Thursday:
* Income tax exemption limit raised by Rs 50,000 to Rs 2.5 lakh and for senior citizens to Rs 3 lakh
* Exemption limit for investment in financial instruments under 80C raised to Rs 1.5 lakh from Rs 1 lakh
* Investment limit in PPF raised to Rs 1.5 lakh from Rs 1 lakh
* Deduction limit on interest on loan for self-occupied house raised to Rs 2 lakh from Rs 1.5 lakh
* Committee to look into all fresh tax demands for indirect transfer of assets in wake of retrospective tax amendments of 2012
* Fiscal deficit target retained at 4.1 percent of GDP for current fiscal and 3.6 percent in FY 16
* Rs 150 crore allocated for increasing safety of women in large cities
* LCD, LED TV become cheaper
* Cigarettes, pan masala, tobacco, aerated drinks become costlier
* 5 IIMs to be opened in HP, Punjab, Bihar, Odisha and Rajasthan
* 5 more IITs in Jammu, Chattisgarh, Goa, Andhra Pradesh and Kerala.
* 4 more AIIMS like institutions to come up in AP, West Bengal, Vidarbha in Maharashtra and Poorvanchal in UP
* Govt proposes to launch Digital India' programme to ensure broad band connectivity at village level
* National Rural Internet and Technology Mission for services in villages and schools, training in IT skills proposed
* Rs 100 cr scheme to support about 600 new and existing Community Radio Stations
* Rs 100 cr for metro projects in Lucknow and Ahmedabad
* Govt expects Rs 9.77 lakh crore revenue crore from taxes
* Govt's plan expenditure pegged at Rs 5.75 lakh crore and non-plan at Rs 12.19 lakh crore
* Rs 2,037 crore set aside for Integrated Ganga Conservation Mission called 'Namami Gange'
* Kisan Vikas Patra to be reintroduced, National Savings
* FDI limit to be hiked at 49% in defence, insurance
* Disinvestment target fixed at Rs 58,425 crore
* Gross borrowings pegged at Rs 6 lakh crore
* Contours of GST to be finalised this fiscal; Govt to look into DTC proposal
* 'Pandit Madan Mohan Malviya New Teachers Training Programme' launched with initial sum of Rs 500 crore
* Govt provides Rs 500 crore for rehabilitation of displaced Kashmiri migrants
* Set aside Rs 11,200 crore for PSU banks capitalisation
* Govt in favour of consolidation of PSU banks
* Govt considering giving greater autonomy to PSU banks while making them accountable
* Rs 7,060 crore for setting up 100 Smart Cities
* A project on the river Ganga called - Jal Marg Vikas- for inland waterways between Allahabad and Haldia; Rs 4,200 crore set aside for the purpose.
* Govt proposes Ultra Modern Super Critical Coal Based Thermal Power Technology
* Expenditure management commission to be setup; will look into food and fertilizer subsides
* Impasse in coal sector will be resolved; coal will be provided to power plants already commissioned or to be commissioned by March 2015
* Long term capial gain tax for mutual funds doubled to 20 pc; lock-in period increased to 3 years
* Rs 4,000 cr set aside to increase flow of cheaper credit for affordable housing to the urban poor/EWS/LIG segment
* EPFO to launch the 'Uniform Account Number' service to facilitate portability of Provident Fund accounts
* Mandatory wage ceiling of subscription to EPS (Employee Pension Scheme) raised from Rs 6,500 to Rs 15,000
* Minimum pension increased to Rs 1,000 per month
FIFA World Cup Stamp Available for sale
The Hon’ble Prime
Minister of India Shri Narendra Modi released a set of four Commemorative
Postage Stamps on the 2014 FIFA World Cup on
12-06-2014 at New Delhi. Out of the 4 stamps two stamps are of Rs. 25/- and two stamps are of Rs. 5/-
denomination. One Miniature Sheet for Rs. 60/- and a Presentation Pack for Rs.
325/- have also been issued on this occasion. The Presentation Pack contains 4
stamps, one Miniature Sheet, First Day Cover and Brochure.
The 2014 FIFA
World Cup Stamps, First Day Covers, Miniature Sheet and Presentations Pack are
available for sale at Mumbai GPO, Nagpur GPO, Pune HO, Panaji HO, Aurangabad HO
& Nashik HO.
The Members of
public, Philatelists, Football lovers may visit any of these post offices to
buy the 2014 FIFA World Cup stamps.
7% D.A Due w.e.f.July 2014
The Labour Bureau released the AICPIN points for the month of May yesterday. The AICPIN points, which had remained stagnant at 242 has increased by 2 points to touch 244 now. This has led to an increase of the Dearness Allowance for the month of May from 105.02 to 106.17.
With only one month left for the calculation of the second installment of additional Dearness Allowance of the year, one can be almost sure that it would bring a hike of 7%.
The two previous rounds of Dearness Allowance revision brought hikes of 10% each. One could sense an air of disappointment and lack of enthusiasm among the employees this time.
Another reason for the disappointment is the fact that despite the Dearness Allowance increasing by more than 100%, it has still not been merged with the basic pay. There was a lot of expectation that the new Government at the Centre will implement this much-awaited and much-expected change.
But, nothing has been done about this yet. All the employee federations continue to stress upon this change. The federations are hell bent on getting either the DA merger or an interim relief this time. Will their dream come true?
Special Cover Relase by CPMG Maharashtra Circle
A Special Cover with special cancellation on Natya Kalanidhi Guru A. T. Govindraj Pillai Birth Centenary 1914-2014 was released at Sri Shanmukhananda Chandrasekarendra Saraswati Auditorium, Mumbai – on 22-06-2014.
The Special cover was released by Shri Pradipta Kumar Bisoi, Chief Postmaster General, Maharashtra Circle, Mumbai. Dr. R. Chidambaram, Principal Scientific Advisor to Government of India, Dr. V. Shankar, President, Sri Shanmukhananda Fine Arts & Sangeetha Sabha, Dr. Padma Subrahmanyam, Smt. Chitra Visweswaran, Shri K. Kalyanasundaram, Director, Sri Rajarajeshwari Bharatha Natya Kala Mandir, Matunga, Mumbai and Shri V. Ramnarayan, Editor in Chief, Sruti Magazine, Chennai were also present.
An interview of Kunal Bahl Co Founder and CEO Snap Deal
Story from page 13 - Money, dnaofmumbai
‘Govt should invest in postal service to give fillip to e com’
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While India is witnessing rapid growth in the ecommerce space, lack of logistics support is still seen as a key deterrent by players looking for rapid expansion. Kunal Bahl, co-founder and CEO, Snapdeal, tells Ashish K Tiwari that investments in an efficient postal service by the Indian government will support the fast-developing ecommerce industry. Edited excerpts:
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 Ashish K Tiwari |
What are the key issues in the Indian ecommerce sector? How is it impacting growth?
The biggest threat for the industry right now, is the sales tax that is being imposed by select states on ecommerce deliveries. As a result of this tax, delivery of products have suffered in states like Kerala which is impacting the business in a big way. The state of Punjab is also adopting the same policy and will soon be levying similar taxes. These states do not allow ecommerce companies to deliver products without paying sales tax, which in turn affects our consumer base coming from these areas.
What policy initiatives can the government introduce to correct this scenario. How will it help change the overall business environment?
Friction-free and efficient trade across the country is extremely necessary for the growth of the economy. It not only ensures access to the best product at the best price to the consumers, but also provides opportunities for small businesses to grow. Going forward goods and services tax (GST) seems to be a good solution to boost overall growth. The implementation of GST will lead to the abolition of indirect taxes such as octroi, central sales tax, state-level sales tax, entry tax, etc., thus avoiding multiple layers of taxation that currently exists only in India. This will benefit consumers as prices are likely to come down. Lower prices will lead to more consumption, thereby helping us in the bargain as well.
Logistics has been another key area concern for ecommerce firms in India.
It is necessary that the government invest in postal service to cater to the need of ecommerce companies. India is witnessing rapid growth in the ecommerce industry, therefore we need to make sure that the development of logistics in India can support the surging development of the market. For example, recently ecommerce giant Alibaba tied up with China Post and both are likely to collaborate for logistics, ecommerce and information security in order to jointly develop new business and markets and enhance their presence in lower-tier cities. The reach of the Indian postal service is vast, and if right investments are made in this direction the Indian postal service will gain immensely out of this.
Will the marketplace model be the key driver of growth for India’s ecommerce companies?
The marketplace model is here to stay and it is changing the lives of both buyers and sellers in a significant manner. The sellers are being able to sell their products across different states in the country. Not only this, in the coming years the manufacturing industry will also witness massive growth, satisfying the different aspirations of the consumers. A lot of job opportunities, both direct and indirect, will also be created, with the logistic-supporting companies employing people at lower levels.
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Published Date: Jul 01, 2014
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