Northern Region Study Camp-2011
at
Palakunnu, Kasargod
(Com. A. Majeed Nagar)
On November 19th and 20th
A grand Success.
Monday, November 21, 2011
Thursday, November 17, 2011
National Postal Policy 2012
The Government has started the exercise to formulate the new National Postal Policy 2012, to rejuvenate and bring the postal sector to the centre-stage of economic development.
The Department of Posts (DoP) will organise a roundtable conference next month to discuss various dimensions of the policy with key stakeholders.
“DoP may complete this (discussion) exercise by April, 2012,” the Minister of Communications and Information Technology, Mr Kapil Sibal, said, adding that the agenda of the same should be submitted by November 20.
The Government said the National Postal Policy (NPP) would have clear goals, a defined role for various operators in the sector and a regulatory mechanism.
“The postal sector is a key information medium that contributes to both economic and social development. In recent years, the postal marketplace has grown increasingly competitive, complex and essential,” Mr Sibal added.
In line with market dynamics
The Minister, in his communication to the DoP, has indicated that the new policy should be in line with market dynamics and postal sector should contribute to social and economic development of the country.
The DoP had earlier come up with a National Postal Policy, which is viewed as ‘prototype' of the policy, a senior ministry official said.
The policy was written by couple of postal department officers without consultation with the industry, the official added. The new policy will be framed in consultation with various stakeholders of the Indian postal sector which will include various players in logistics, courier and e-commerce business.
Clear goals
“NPP'12 will have clear goals in terms of job creation, potential investment, guidelines for postal services and strategic focus area for the sector,” the official said.
With over 1.5 lakh post offices India's Department of Posts has the one of the largest postal network in the world.
To match the rapid growth of the country, the DoP is undergoing various radical changes, which include a proposal to convert over 1.5 lakh post-offices across the nation into full-fledged banks.
The Department of Posts (DoP) will organise a roundtable conference next month to discuss various dimensions of the policy with key stakeholders.
“DoP may complete this (discussion) exercise by April, 2012,” the Minister of Communications and Information Technology, Mr Kapil Sibal, said, adding that the agenda of the same should be submitted by November 20.
The Government said the National Postal Policy (NPP) would have clear goals, a defined role for various operators in the sector and a regulatory mechanism.
“The postal sector is a key information medium that contributes to both economic and social development. In recent years, the postal marketplace has grown increasingly competitive, complex and essential,” Mr Sibal added.
In line with market dynamics
The Minister, in his communication to the DoP, has indicated that the new policy should be in line with market dynamics and postal sector should contribute to social and economic development of the country.
The DoP had earlier come up with a National Postal Policy, which is viewed as ‘prototype' of the policy, a senior ministry official said.
The policy was written by couple of postal department officers without consultation with the industry, the official added. The new policy will be framed in consultation with various stakeholders of the Indian postal sector which will include various players in logistics, courier and e-commerce business.
Clear goals
“NPP'12 will have clear goals in terms of job creation, potential investment, guidelines for postal services and strategic focus area for the sector,” the official said.
With over 1.5 lakh post offices India's Department of Posts has the one of the largest postal network in the world.
To match the rapid growth of the country, the DoP is undergoing various radical changes, which include a proposal to convert over 1.5 lakh post-offices across the nation into full-fledged banks.
PFRDA Bill
UNION CABINET APPROVES 26% FDI IN PENSION SECTOR
The union cabinet today approved 26 per cent foreign direct investment (FDI) in the pension sector, and cleared amendments to the Pension Fund Regulatory and Development Authority (PFRDA) Bill, 2011.
As reported by The Indian Express on Wednesday, the government has decided not to mention the FDI cap in the PFRDA bill. It will find mention in the regulations to the legislation.
The bill was introduced in the Lok Sabha in March, and was referred to the parliamentary standing committee on finance chaired by senior BJP leader and former finance minister Yashwant Sinha. The committee recommended the insertion in the law the 26 per cent FDI clause and the assured return clause in the New Pension Scheme.
The committee had sought a reply from the finance ministry on why the foreign investment ceiling for the pension sector was not prescribed in the bill, and left the decision on FDI to the executive.
The government is of the view that foreign investment in the pension sector may be capped at 26 per cent on par with that in the insurance sector under the general regulations framed under the Foreign Exchange Management Act (FEMA), 1999. No express provision has been made in the PFRDA Bill, 2011.
“This is in line with most legislations in the financial sector”, the Department of Financial Services had said in its written reply.
Yashwant Sinha told The Indian Express today that the BJP “will have to sit down and take a view” (on supporting the bill). “BJP’s support cannot be taken for granted.”
The bill is likely to be introduced in Parliament’s winter session. The BJP had rescued the government during its introduction, after the Left sought a division.
Sinha said he was “surprised” that the government had not accepted the “very important recommendations” of the standing committee. “We had arrived at these conclusions after a great deal of deliberations and after a great deal of consensus-building,” he said.
Sinha said the panel had wanted the “power of changing or increasing the (FDI) limit to be with Parliament rather than with the executive”.
“If it is in the regulations, the government can change it and then report to Parliament,” he pointed out.
The New Pension Scheme (NPS) was launched as a voluntary scheme for all citizens in May 2009. It is regulated by interim regulator PFRDA, and managed by seven pension fund management companies — LIC, SBI, IDFC, Kotak Mahindra, Reliance Capital, UTI Retirement Solutions and ICICI Bank. It has a corpus of over Rs 9,925 crore and a subscriber base of 24 lakh, mostly government employees.
“In India, pension fund industry is yet to grow. The sector has tremendous growth opportunities. FDI would prove to be a milestone in its growth,” said Balram Bhagat, CEO, UTI Retirement Solutions.
Source : http://www.indianexpress.com, November 16, 2011
RMS STRIKE WITHDRAWN
SIT IN STRIKE IN RMS CT DIVISION WITHDRAWN. NORMALCY WILL BE RESTORED SOON.
Sit in Strike of RMS Employees of Calicut Division(Northern Region) has been withdrawn today evening consequent on the discussions held by Secretary General, NFPE with CPMG.
Demonstration has been took place in front of OTTAPALAM HPO in support of the agitation today evening. Com. K.Vijayakumar, Org.Secretary,PIII, Kerala Circle, Com. U.M.Saseendram, Convenor, LCC, Ottapalam. Com. Abdul Rahiman TP, Divnl. Secretary, PIII, Ottapalam, Com. M.Aravindakshan, Divnl. Secretary, PIV participated in the demonstration.
Wednesday, November 16, 2011
RMS Strike
SIT IN STRIKE IN RMS NORTHERN REGION
RMS COMRADES OF NORTHERN REGION ARE IN SIT IN STRIKE DEMANDING ELIGIBLE TRANSFER AND POSTINGS.
Movement of Mails affected seriously
Thousands of bags held up in RMS and Post Offices
Speed Post bags are also held up
We urge the Administration to settle the issues and restore normalcy urgently.
Posted By: Abdul Rahiman TP, Secretary, PIII.
Tuesday, November 15, 2011
NORTHERN REGION STUDY CAMP-2011
Northern Region Study Camp-2011
at
Palakunnu, Kasargod
(Com. A. Majeed Nagar)
On November 19th and 20th
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