Tuesday, March 31, 2015

Sanchay Post Patch 11 & 12 Released by SDC

Features Provided in Patch 11 & 12– Sanchay Post

Irrespective of features, Patch 11 & Patch 12 should be installed in all computerized post offices (both HO & SO(s)) and in both Server & client(s)

 List of modifications incorporated in Sanchay post 7.5 Patch 11 & Patch 12

1 Provision for Initializing the account no(s) for SSA in SOSB Online Module for SO(s)

2 Provision for SSA account open feature in SOSB DE for normal and BO accounts

3 Provision for Transactions feature in SOSB DE – Deposit, Defaulted deposit and interest.

4 Provision for scanning, storing, verifying and viewing signatures of SSA accounts in Online Module
Prefix : ‘za’

5 Provision for generating IBB report , Calculating annual interest , Posting annual interest, Printing annual interest and viewing/printing passbook for SSA account in SOSB Online module. (for SO(s))

6 Provision to open Haryana Social Security Pension Accounts under NREGA Category. (applicable to Haryana Circle)

Click Here to Download the Patch

Sanchay Post Annual Interest Calculation 2015

 If you intend to transfer interest calculated at the HO for SOs to the respective SOs electronically, then download and execute Int_Seq_2015.exe at both the SO and HO, before calculation of interest at HO. This will enable generation of interest file with sequence number 1 at HO and will enable its subsequent import / posting at SO.
The file ‘Int_Seq_2015.exe’ can be executed on or after 30/03/2015 only.

Interest calculation and posting should be done only on or after 01/04/2015

Friday, March 27, 2015

India Post surfs e-commerce wave.

E-commerce seems to have given a new lease and look to the once-familiar India Post. Its Karnataka Circle, which ranks number 5 by revenue, says it has risen to the demands of the large, growing community of online buyers and sellers by starting same-day delivery in Bengaluru and reaching into remote rural areas.
Next, it plans to lease about 2.5 acres of land at the Kempegowda International Airport to support inward and outbound e-commerce deliveries, according to M.S. Ramanujan, Chief Post Master General, Karnataka Circle.
For the circle, e-commerce means Rs. 2-crore monthly revenue from a lakh consignments. Around 50 big and small e-tailers use its network to ship electronic and domestic goods, apparel, footwear and books. Among them are Amazon, Flipkart, Snapdeal, Myntra and mVikarsha, he told members of the Federation of Karnataka Chambers of Commerce & Industry.
A new e-commerce business centre is being started at Yelahanka, exclusively for north Bengaluru e-shoppers.
Same day delivery
Come April, Bengaluru is set to be the first city in the country for India Post to offer same-day delivery for e-tailers.
Mr. Ramanujan said, “We will bring all 104 pincodes in Bengaluru under same-day delivery for bookings made up to 2.30 p.m. We have put in the infrastructure and technology. My boys are already doing deliveries up to 9 p.m. every day.”
He added, “It is a great time for e-commerce and we are excited as it is translating into a lot of revenue.” The rural rollout was equally promising. “There is no one else [to deliver] beyond tier-1 and -2 cities. Our reach goes up to tier-6 which is the gram panchayat.” he said.
First postal ATM
April will also see the launch of Karnataka’s first postal ATM at the General Post Office, to be followed by four more in Bengaluru. ATM cards are already being issued to postal account holders. Once core banking comes to its 2,500 computerised post offices these postal ATMs would work for banking customers, too.
FKCCI centenary stamp
A special stamp will be released in May to mark the year-long centenary celebrations of the Federation of Karnataka Chambers of Commerce & Industry, its president S.Sampathraman said.
A new e-commerce business centre is being set up


at Yelahanka, exclusively for north Bengaluru e-shoppers

courtesy:http://www.thehindu.com

Tuesday, March 3, 2015

Sukanya Samriddhi Account / Yojana - Highest fetching interest scheme across all schemes

Sukanya Samriddhi Account/Yojana is a Small Savings Special deposit Scheme for girl child. This scheme is specially designed for girl’s higher education or marriage needs.

Highest fetching interest scheme across all schemes.

The Scheme launched for the welfare of the girl child, to save and educate the girl child.






·           Who can open the account? – Sukanya Samriddhi a/c (or Khata) can be opened on a girl child’s name by her natural (biological) parents or legal guardian.
·           What is the Age limit? – SSA can be opened in the name of a girl child from the birth of the girl child till she attains the age of ten years.
·           How many accounts can be opened? – A depositor may open and operate only one account in the name of same girl child under this scheme. The depositor (or) guardian can open only two SSA accounts. There is one exception to this rule. The natural or legal guardian can open two or three accounts if twin girls are born as second birth or triplets are born in the first birth itself.
·           How to open a SSA account? Accounts in name of the girl child can be opened in post offices or in any branch of a commercial bank that is authorized by the Central Government to open an account under this scheme rules.
·          What is the minimum deposit to open the account? – The account may be opened with an initial deposit of one thousand rupees. The minimum contribution in any financial year is Rs 1000. Thereafter the contributions can in multiples of one hundred rupees.
·          What is the maximum deposit amount? – a minimum of one thousand rupees shall be deposited in a financial year but the total money deposited in an account on a single occasion or on multiple occasions shall not exceed Rs 1.5 Lakh in a financial year.
·          Deposits in an account may be made till the child completes fourteen years, from the date of opening of the account.
·           Is there any penalty? – If minimum (Rs 1000 pa) amount is not deposited, the account will be treated as an irregular account. This can be regularized/renewed on payment of Rs 50 per year as penalty. Along with this, the minimum specified subscription for the year (s) of default should be paid.
·          What is the mode of deposit? – The deposits in Sukanya Samruddhi scheme can be made in the form of Cash or Demand Draft or Cheque. Where deposit is made by cheque or demand draft, the date of encashment of the cheque or demand draft shall be the date of credit to the account. The cheque or DD should be drawn in favour of the postmaster of the concerned post office or the Manager of the concerned bank.The depositor (parents or guardian) has to write the account holder’s name (child’s name) and the account number on the backside of the instrument.
·          What is the Rate of Interest on Sukanya Samriddhi Account? – The applicable rate of interest on SSA for the financial year 2014-2015 is 9.1%. This is one of the highest rates of interest offered by Government on small savings scheme

Friday, January 30, 2015

Health problems caused by Smartphones overuse


Technology comes at a cost. It is not just about the monetary costs. In this article, I put down some health related costs that come with using or overly using smartphones. In using smartphones, you have to be smart else you would end up with one or more of the following health problems.

Health problems caused by Smartphones

Text Neck
Text Neck is a term used by doctors or physicians to describe the spinal disorder arising out of excess usage of smartphones. Normally, if the head is placed upright, there is no stress on the neck part of spine. But to read and text on smartphones, people tend to bend their necks up to 60 degrees. This increases the pressure on the neck. Long term usage of smartphones bring forth neck pain related to spine and hence, can be called spinal disorders. According to a survey published in Washington Post, around 80 percent of adult users suffer from this text neck pain.

The best way to avoid it is to bring up the phone to the level of your eyes and look straight into it. You need to make it a habit though it may look awkward. Another solution is to lower your eyes instead of bending your neck.

India Post may sell products of other insurers in rural areas.

New Delhi: The Department of Post is mulling selling insurance products of other companies, especially in rural areas, besides selling its own policies.
In a meeting chaired by Prime Minister Narendra Modi last month on the findings of a Task Force on India Post, DoP conveyed its intentions to enter the insurance space targeting rural India, sources said.
The proposed Post India Insurance will start with an initial capital of Rs100 crore that will be made available by DoP, they added.
“DoP debated that the insurance penetration in rural India is minimal and a new vehicle needed. Besides, the department has decades of experience in this field and it can seamlessly adapt to new operations,” a source said.
Besides selling its own insurance products, it can also undertake the business of selling policies of other insurance players as commercial agents, sources said.
DoP already offers insurance policy (Postal Life Insurance) to government and semi-government employees.
According to the Task Force, in rural areas there is a need for various types of insurances like crop insurance, accident cover, insurance of agricultural equipment, etc.
“Since India Post is operating in the insurance sector for well over a century, there is no reason why it should not be allowed to extend the spectrum of its insurance services to these areas through agency agreements or a broker’s licence,” it added.
At present, DoP offers personal life and endowment insurance policies under both, Postal Life Insurance (PLI) and Rural Post Life Insurance (RPLI). It recommended that “...the life insurance activities for the DoP should be hived off and converted into an independent corporate entity, which may be designated as India Insurance or given some other suitable name.”
Modi had set up the Task Force in 2014 to study leveraging the postal network in India and to enhance the role of India Post in financial inclusion, among other services like delivery of goods for e-commerce firms.
The report suggested that the government should set up a holding company under the Department of Posts for immediate roll out of banking, insurance and e-commerce services by the 1.55 lakh strong postal network.
The panel also suggested establishing Post Bank of India as a separate entity with a branch in each district in the first three years with initial capital of Rs500 crore to be funded by the government.


source:http://www.livemint.com

India Post to launch own e-commerce portal like Amazon or eBay.

Directly stepping into the cyber world, India post is going to launch its own e-commerce portal in the shape of those like Amazon oreBay soon. The aggressive step of India Post, world's largest postal service, is a part of its massive IT based modernization initiative worth Rs 5,000 crore.

"At planning and designing phase now, the final rollover of the dedicated postal e-commerce portal may take another 6 months. But we are excited about this new avatar in our service basket," Mr. John Samuel, member of Postal Services Board told ET.

As he describes, the portal will be like popular e-commerce entities like Amazon or eBay. A conduit between buyers and sellers. But, it is not going to be entirely open for any item to be traded by anyone. Rather a moderated and scrutinized list will be followed. Local specialties like Tea from Darjeeling, Mango from Malda in West Bengal or Saffron from Kashmir will have emphasize in that.

India Post is Tying up with different controlling authorities like Spices Board, Tea Board, or cashew Board to ensure 'quality trading of quality items only'- as Mr. Samuel puts it.

In addition to the physical products, services of different public sector are also being planned to be included into the tradable items of the portal.

"Wide and fast growing coverage of Internet through computer and mobile phones are bringing more and more people from even remote corners to the doorsteps of e-commerce. There lies our new opportunity. Moreover delivery of the items is a major issue for all e-commerce authorities. Here also India post excel's with its 1.5 lakh establishments and time tested connectivity network," he said.

In one hand we have Rs 4909 crore worth IT related infrastructure modernization plan and on the other hand, we are spending another Rs 2000 crore to have new vehicles to ensure faster delivery.

Indeed it is a new step to a new world that can give new life to financially crunched Indiapost. But, "We need to bring change in our own attitude at certain corners to churn out the best out of this initiative," accepted Mr. Samuel.


source: http://economictimes.indiatimes.com

Thursday, January 15, 2015

India Post hits a bull’s eye with ‘My stamp’


The ‘My stamp’ programme, introduced by the India Post in Chennai in May 2013, has been evoking overwhelming response and has fetched a revenue of Rs. 5 lakh in 2013-14 fiscal. With the stamps providing a personal touch, it has gone down well with the members of the public in Chennai, said J.T. Venkateswarlu, Postmaster General, Central Region.
Speaking after launching the ‘My Stamp’ counter at the Head Post Office here on Friday, Mr. Venkateswarlu said that one had to fill a form and be photographed at the Philatelic Bureau at the Head Post Office. “One can have his or her image printed on a stamp of Rs. 5 denomination and use it,” he said.
Next to Chennai, the counter was opened in Nagapapttinam which attracted a large number of tourists and pilgrims. The Tiruchi head post office was the third centre in the State where “My stamp” counter has been made available. The fee for a sheet containing 12 postage stamps is Rs. 300.
The stamps would be delivered by post within a few days, he said. Customers would have to provide some proof of their identity, he added.
Mr. Venkateswarlu said the department had introduced core banking services in all 73 post offices, including 24 head post offices and 49 sub-post offices.
Steps had been taken to introduce automated teller machine (ATM) services at 24 head post offices.
The central region of the postal department with Tiruchi as headquarters was taking a lead in the area of postal services particularly with regard to opening of savings bank accounts, mobilisation of recurring deposits, and term deposits. The postal department would launch an awareness programme in rural areas on the advantages of rural Posta Life Insurance Scheme.
Special incentive
He said the Centre attached priority for encouraging postal services for financial inclusion. Every savings or recurring deposit account opened with the post office fetched a revenue of Rs. 195 to the post office concerned. “The idea is to ensure financial inclusiveness of all citizens particularly in rural areas,” he added.


G. Natarajan, Director of Postal Services, Central Region, Tamil Nadu, G. Sivakumar, Regional Provident Fund Commissioner, and Sandeep Mahadavappa, Senior Post Master, spoke.

courtesy: http://www.thehindu.com

Wednesday, January 14, 2015

India Post's focus should be inclusion, not universal banking; we don't need another PSU bank

 The government is looking at taking the legislative route as early as next month to finalise the creation of proposed Postal Bank of India (PBI), media reports say. It will move the Reserve Bank of India (RBI) seeking to re-consider its original application for a universal bank, the reports said.
The creation of a Post Bank would be indeed much bigger a contribution from theNarendra Modi government to India’s poor than the hurried bank accounts opening drive that is the Jan Dhan Yojana. That is because India Post has been  a trusted name in every Indian household for decades and no entity can claim the kind of reach and local knowledge the department enjoys in far-flung areas of the country where financial inclusion initiatives are actually needed.
But, one point remains unclear. India Post has so far stuck to its demand for universal banking licence, which contradicts its stated focus of financial inclusion. Universal banking, by definition, is the permission for a bank to participate in all kinds of banking activities including corporate, retail and even investment banking activities.
AFP image
Representational image. AFP image
If indeed PBI wants to become a full service bank and engage in corporate lending, that would, somewhat, be the creation of yet another public sector bank -- a puppet of the government to roll out its populist measures and feed corporate greed.
Such a move would also contradict the spirit of recommendations by the task force headed by TSR Subramanian, which proposed that PBI should be entirely focused on promoting financial inclusion, by extending small loans and deposit services to the poor and unbanked segments of the country.
"The new bank would be unlike other public and private sector banks insofar as it is primarily oriented towards achieving the national and social objective of providing financial inclusion...it will be venturing into largely unbanked and under-banked areas and making a large number of loans to poor," the report said.
Further, the Subramanian panel laid down strict rules to prevent any risks to the proposed bank arising out of offering high value loans.
"Robust system protocols and standard operating procedures would have to be put in place to manage these risks effectively. For example, an upper limit of say Rs 1 lakh could be placed on the credit, which would be extended by the PBI to a particular individual or even family, and a second loan would not be sanctioned unless the first loan has been repaid," the report says.
What this would effectively mean is that the PBI will have to operate purely as a pan-India rural bank offering small-ticket loans to the yet-to-be-banked segments, which is somewhat the idea of the proposed small finance bank, being planned to set up by the central bank.
For this, it doesn’t need a universal banking license. The government can set up a Post bank for financial inclusion through appropriate legislation like it did in the case of Mahila Bank.
As Firstbiz noted earlier, India Post's entry into banking can be a game changer in rural banking given its massive reach in the far-flung areas of the country and local knowledge. The department has already commenced the process to link all its branches through technology, besides setting up ATMs across the country.
Of its total network of 1,55,000, about 1,39,040 are in rural areas. Going by a 2011 estimate of the postal department, about 6,000 people are covered on average by post-offices in rural areas and about 24,000 in urban areas. Through its various saving schemes, the postal department handles deposits to the tune of Rs 6,00,000 crore.
The ideal strategy for the proposed PBI would be for it to operate on the lines of proposed small finance banks as envisaged by the RBI and strictly stick to catering to small customers. Being a universal bank and engaging in multiple businesses is unlikely to serve any greater good to the targeted customer segment.
India Post shouldn't venture into corporate loans as this will only help the creation of yet another state-run bank vulnerable to political influence and victim to wily promoters. Already, over 90 percent of the total bad loans in the banking industry, about Rs 2.7 lakh crore, is on the books of state-run banks. So is a good chunk of the estimated Rs 6 lakh crore restructured loans in the banking system.
We have enough evidence in the past to prove that public banks can easily be targeted for misuse and corruption by the corporate-banker-politician nexus and thus be burdened with huge additions of stressed assets. The creation of one more such entity wouldn't do any good for the banking system, where about 14 percent of loans are already under the stressed asset category. Giving large value corporate loans shouldn't be the focus of PBI for greater good of India’s millions of un banked citizens.

courtesy:http://www.firstpost.com


Thursday, December 4, 2014

Bypass RBI, create India Post Bank through law, PM's task force to tell govt


A task force set up by Prime Minister Narendra Modi to review the operations of India’s postal department has mooted the creation of a full-fledged Postal bank.
The panel is headed by former cabinet secretary, TSR Subramanian and comprising of experts that includes former Infosys board member TV Mohandas Pai,
The recommendations will be submitted to the government soon, according to a government official in the know of the development. In fact, the task force has recommended to launch the proposed Post bank through an Act of the Parliament and not by approaching the Reserve Bank of India (RBI).
“The task force has is not in favour of permitting India Post to run a payments bank but wants the department to run a full-fledged commercial bank, which it believe will help push the cause of financial inclusion in the country,” the official said.
An announcement in this regard is likely to be made as early as Thursday at Dak Bhavan, the headquarters of department of postal services in Delhi, the official said.
The task force, set up in August, has also made several other recommendations to leverage the vast network of India Post and its local knowledge across regions in India, the official said.
For India Post, which has been cherishing the dream of becoming a bank, the Subramanian panel recommendation will be a huge boost for its demand for a full service banking permit.
The Postal department, which was among the 25 contenders for a full service banking licence last year, didn’t get into the final list since the UPA government at the time wasn’t keen on backing the move and refused to provide the department with the minimum capital required to set up a commercial bank.
Last year, while issuing licenses to IDFC and Bandhan, the RBI had observed that India Post can be given banking licence if government, technically the promoter of the proposed Post bank, gives its nod.
India Post has argued that the department’s entry to banking can contribute massively to the cause of financial inclusion, or the process of spreading banking services to the unbanked population of the country, using its vast network of 1,55,000 post offices.
Of its total network, about 1,39,040 post offices are in rural areas. Going by a 2011 estimate of the postal department, about 6,000 people are covered on average by post-offices in rural areas and about 24,000 in urban areas.
Through its various saving schemes, Postal department handles deposits to the tune of Rs 6,00,000 crore.
As Firstbiz noted earlier, India Post’s entry into banking can be game changer in rural banking given the massive reach of Post in the far-flung areas of the country and local knowledge.
The department has already commenced the process of linking all its branches through technology, besides setting up ATMs across the country.
The development has come at a time the RBI is opening up the banking sector to differentiated banks or banks with specific areas of focus such as payments banks and small banks. Payment banks can engage in accepting small deposits, offer ATM/debit cards, payments and remittance services through various channels. They can also offer financial products like mutual fund units and insurance products.
Small finance banks, on the other hand, are almost like full service commercial banks. However, these banks cannot engage in large value transactions since 75 percent of their loans must be lent to the so-called priority sector. For existing banks, this requirement is 40 percent. Also, at least 50 percent of their loan portfolio should constitute loans and advances of up to Rs 25 lakh.
India Post, however, is not keen to set up a small bank or payments bank and, instead, wants a full service banking licence, the official quoted earlier said.

courtesy:-http://firstbiz.firstpost.com/finance/

Monday, November 24, 2014

India Post Task Force finalises report; to meet Prasad

   NEW DELHI: The Task Force set up to suggest ways for turning around India Post has finalised its report and has sought a meeting with Communications and IT Minister Ravi Shankar Parsad to discuss its findings.

Prime Minister Narendra Modi had set up the Task Force to leverage the postal network in India and to enhance the role of India Post in financial inclusion, among other services like delivery of goods for eCommerce firms.

With the world's largest postal network, India Post has about 1.55 lakh post offices spread across the country. On an average, a post office serves an area of 21.21 sq km and a population of 7,175 people.

The Task Force, chaired by Former Cabinet Secretary TSR Subramanian, has finalised its report, sources said.

"The 10-member force has now sought a meeting with Prasad to discuss the findings of the report before submitting it to the Prime Minister's Office (PMO)," a source said.

The Task Force includes the Department of Posts Secretary Kavery Banerjee, Telecom Secretary Rakesh Garg, Department of Electronics and IT Secretary R S Sharma, Rural Development Secretary L C Goyal and former SEBI Chairman G N Bajpai.

Earlier this year in October, Banerjee had said the Task Force will submit its report by the end of the year.

The government is planning to utilise the huge resources at the disposal of India Post to provide cost-effective and innovative solutions to the citizens like financial services using digital connectivity, a source said.

The idea behind the exercise is to enable the postman in rural areas to provide a plethora of services like savings and insurance, normal postal operations and also value added services like accepting payments of various services as well as registration of data.

Prasad has on various occasions said India Post with its unparallelled rural, urban and semi-urban reach is best suited to offer delivery services to e-commerce players.
 

Thursday, November 20, 2014

India Post Eyes $9 Billion E-Commerce Business.

New Delhi: Eyeing $9 billion business opportunity in booming e-commerce business, India Post, which has the biggest network and serves the last mile, is boosting its infrastructure for real-time tracking of parcels through satellites using a new technology.
The Postal Department will also soon start an SMS facility to inform customers about delivery status of their parcels.
India Post, which is already in tie-ups with e-commerce majors Amazon and Snapdeal, will also have security gadgets like CCTV and access control systems to ensure safety of articles.
Telecom Minister Ravi Shankar Prasad in a meeting with officials in the Department of Posts has directed them to focus on opportunities in e-commerce and tune infrastructure to facilitate growth of the sector which has huge potential to bring investments and generate new jobs.
"The minister has asked India Post to leverage is reach to provide special facilities to local weavers, craftsmen/women, painters and artists so that they also benefit from e-commerce," a ministry official told PTI. The minister wanted their products to be picked up from their doorsteps and delivered to end-customers, the official added.
The official said that "postal department has started working on development of road transport network for parcel movement on majority routes with GPS facility. It is augmenting facility of secure area for parcels with access control and CCTV around it".
As per industry estimates shared by India Posts, e-commerce business in India was about $6 billion in value in 2012 and is expected to reach $76 billion by 2021.
The distribution, delivery or logistics constitutes approximately 12 per cent of the total e-commerce market accounting for about $9 billion by 2021.
India Post, which has world's largest postal network of 1.55 lakh post offices, has seen multi-fold rise in business since the time it entered in partnership with e-commerce companies.
Amazon started booking parcels at one place with India Post in 2013 which has now expanded to five locations by October 2014.
"Amazon shipped 7000 parcels in January this year. By October, number of article booked in a month by Amazon increased to about 85,000. Snapdeals send 2000-3000 parcels per day. Naaptol is giving about Rs 25 crore business to India Post per annum," the official said.
India Post is offering cash collection on delivery facility of product to 200 customers.
"Since December 2013 approximately India Post has collected Rs 280 crore as cash on delivery amount and paid to the e-commerce companies," the official said.

http://profit.ndtv.com

Govt plans to use India Post's postmen to educate people on schemes and policy.

New Delhi: The government is planning to use India Post's 1.55 lakh-strong branch network to reach out to citizens in far flung and backward areas and educate them about the various policies, schemes and incentives.
The ministry of information and broadcasting runs various awareness programmes for the citizens leveraging the Internet and the social media.
However, these initiatives are still out of the reach of many who live in backward and far flung areas there is no connectivity, sources said.
Representational image.
Representational image.
"This category of population is sizable and within the reach of post offices. I&B ministry can design programmes region-wise, which can then be used by the postman to go to these areas and educate the people," a source said.
The idea is to utilise the huge network of India Posts' post offices across the country, especially to reach out to people in areas not connected with the Internet, and educate them about the government's policies, schemes and incentives, the sources added.
With the world's largest postal network, India Post has about 1.55 lakh post offices spread across the country. On an average, a post office serves an area of 21.21 sq km and a population of 7,175 people.
Besides, postman can also be used for directly collecting feedback from the people in rural areas on various policies and schemes, sources added.
"Also digital boards and panels can be set up at the post offices across these areas to educate people on not just schemes and policies, but also on issues related to health and education," they said.
The Task Force set up by Prime Minister Narendra Modi is already holding consultations in this regard with the Ministry of Information and Broadcasting.
Modi has set up the Task Force to leverage the postal network in India to enhance the role of India Posts in financial inclusion, among other services and it is expected to submit its report by year-end.
The Task Force includes the Department of Posts Secretary Kavery Banerjee, Telecom Secretary Rakesh Garg, Department of Electronics and IT Secretary R S Sharma, Rural Development Secretary L C Goyal and former Sebi Chairman G N Bajpai.
Former Cabinet Secretary TSR Subramanian is the Chairman of the Task Force.

http://www.firstpost.com

 

Monday, November 17, 2014

Government plans to transform India Post into a multi-service agency.


NEW DELHI: Aiming to leverage technology to provide cost-effective and innovative solutions, the government is planning to equip India Post to handle not only savings and insurance services, but also payments and data registration. 

With the world's largest postal network, India Post has about 1.55 lakh post offices spread across the country. On an average, a post office serves an area of 21.21 sq km and a population of 7,175 people. 

The government is planning to utilise the huge resources at the disposal of India Post to provide cost-effective and innovative solutions to the citizens like financial services using digital connectivity, a source said. 

"The Task Force is already in consultation with related ministries on how to best use these resources. Already there are plans to roll out hand-held devices and related software to post offices on a pan-India basis from October 2016," the source said. 

The idea behind the exercise is to enable the postman in rural areas to provide a plethora of services like savings and insurance, normal postal operations and also value added services like accepting payments of various services as well as registration of data, the source added. 

Prime Minister Narendra Modi has set up a Task Force to leverage the postal network in India to enhance the role of India Posts in financial inclusion, among other services and is expected to submit its report by year-end. 

The Task Force includes the Department of Posts Secretary Kavery Banerjee, Telecom Secretary Rakesh Garg, Department of Electronics and IT Secretary R S Sharma, Rural Development Secretary L C Goyal and former SEBI Chairman G N Bajpai

Former Cabinet Secretary TSR Subramanian is the Chairman of the Task Force. 

Communications and IT Minister Ravi Shankar Prasad has on various occasions said India Post with its unparallelled rural reach is best suited to offer delivery services to e-commerce players. 

Already, the West Bengal circle of the postal department has approached various industrial bodies with a plan to create an online marketplace for the local traders. 

courtesy:http://economictimes.indiatimes.com/

Thursday, November 13, 2014

Amazon plans it big with India Post network to ramp up its delivery mechanism.

  
  NEW DELHI: E-commerce giant Amazon wants to do in India what Alibaba did in China. Amazon's India head Amit Agarwal on Tuesday met telecom and IT minister Ravi Shankar Prasad and urged him to allow the use of new technologies such as real-time tracking and monitoring devices on the India Post network to develop a delivery mechanism based on smart logistics.

Tuesday, November 4, 2014

For last-mile linkage, online retailers tap India Post


As online retail comes of age in the country, e-commerce firms have begun to knock on India Post’s doors seeking quick delivery of their parcels. Though they have been using its services for some time in a small way, sales during Diwali saw a huge shift, with “almost all e-commerce firms” using the postal network to deliver the voluminous orders they received.
Seeing the spurt in demand, India Post launched the Same Day parcel delivery service here recently, promising to expand the service to other cities and ‘next day delivery’ service to customers in the hinterland.
The company has earmarked about ₹4,909 crore to deploy technologies to digitise its services in the next three years. “This is India Post 2.0. We are going to introduce technology in a big way in order to get connected with corporates and the digital generation,” John Samuel, Member of Postal Services Board, Department of Posts, told Business Line here on Wednesday.
Waking up to the needs of new retail players, the Department of Posts will further widen the reach of the same day parcel service to other regions as well.
Booking parcels

“You are used to seeing our postmen come to your homes in the day-time. As we launch the new services, you will see them coming in vans between 5 and 9 pm to deliver the parcels,” said Samuel.
“We are going to launch digital post-offices that let you book the parcels and make Speed Post consignments much easier. You can use smart-phones to complete some tasks, reducing human intervention,” he said.
courtesy: http://www.thehindubusinessline.com/
(This article was published on November 3, 2014)

Friday, September 19, 2014

Live testing of Speed Post Cash on Delivery (SPCOD) facility

  Postal Directorate is planning to expand the SPCOD facility to all Post offices in India by 01.10.2014.  In order to ensure that all the delivery post Offices are equipped with software requirements, a test plan has been formulated for implementation w.e.f. 22.9.2014 to 26.9.14. A detailed action plan to be taken by each office in connection with the testing is shown below


Field Testing (Pan-India) of SP-COD
Software Requirements:
All offices involved in the testing whether it be for booking, dispatch or delivery should implement the latest software as detailed below:
1.    Speednet Version 4.2
2.    Meghdoot Version 7.0 with Update 9

Tuesday, September 2, 2014

Snapdeal to sell stamp collections, ties up with India Post.

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  NEW DELHI: World's largest postal service, India Post has tied up with online marketplace major Snapdeal to sell stamps to reach out to larger audiences.

Under the partnership, targeted especially at philately enthusiasts, Snapdeal will sell stamps and collections priced between Rs 300-5,500.

"While stamp collection has been a popular hobby, we found consumers who said they found it difficult to buy stamps. India Post has an amazing collection of stamps that we feel we our consumers will be delighted to have," Snapdeal co-founder and COO Rohit Bansal told PTI.

Friday, August 15, 2014

HAPPY INDEPENDENCE DAY- GOOGLE'S DOODLE

New Delhi: The doodle on the Google India home page this year is a familiar symbol - independent India's first stamp.
The first stamp issued by free India was months after Independence on November 21, 1947 and it depicted the Indian national flag with the popular slogan - "Jai Hind (Long Live India)" written in Hindi. The stamp was valued at three and one-half annas.
Google has been commemorating India's Independence Day on its India home page since 2003.
Google doodles independent India's first stamp on August 15

Independent India's first stamp was for three and one-half annas and was issued on November 21, 1947.

Monday, August 11, 2014

Maximizing the Battery Life of your Laptop

Maximizing the Battery Life of your Laptop


There are three main ways to maximize the life of your laptop. Let’s call the first method “eliminating to save power;” the second “caring to maintain power;” and the third, “adding to increase power.”

Eliminating to Save Power

The first crucial step in maximizing the battery life of your laptop is to understand what drains the laptop’s power. Once you determine the biggest power drainers, you can focus on saving laptop power by eliminating the biggest power-draining culprits.
The Windows 7 Engineering blogreleased a pie chart which displays where the power in your laptop is allocated to. With an astounding near 50%, the laptop’s LCD screen sucks up the juice. So, the obvious answer with this, is to dim your screen!
Where the power goes in a modern Windows laptop
Friedbeef.com offers some other good elimination tips on saving the battery’s life:
  1. Dim your screen
  2. Cut down on programs running in the background
  3. Cut down on external devices, such as external hard drives, flash drives, WiFi, a mouse
    Don’t let your laptop overheat!
  4. Don’t multitask
  5. Turn off the autosave function in Microsoft word and excel
  6. Lower the graphics use

Tuesday, July 8, 2014

India Post ATMs to dot Thiruvananthapuram landscape.




A model of the Automated Teller Machine centre to be opened by the Postal Department.

Automated teller machines (ATMs) are no longer the monopoly of the banking sector. A year ago, the Postal Department too introduced the machine to its customers as part of a modernisation programme. The district will shortly join a select group of places in the country to house ATMs of the department.
In the initial phase, ATMs will be installed at the GPO in the city and sub post offices at Poojappura, Neyyattinkara, and Attingal. The facility will be provided in some other post offices in the city and also at Kottarakara, Alappuzha, Kottayam, Ernakulam, Thrissur, Palakkad, Kozhikode and Kannur later. Work had commenced to set up the machines at the GPO and Neyyattinkara, Assistant Postmaster General, Kerala Circle, K.V Vijayakumar told The Hindu. The machine would become functional within a month, he added
Initially the facility would benefit 11.77 lakh postal savings account holders in the city and after the ongoing Core Bank Solution process initiated by the department gets integrated with other banks, it would become interoperable giving access to bank account holders too.
The core banking facility enables customers to operate their accounts and avail themselves of account-elated services from any of the networked post offices. It would also provide postal saving account holders online banking and mobile banking facilities, Officer on Special Duty, Kerala Circle, Ravindranath, said.
The department’s scheme of transferring money instantly through mobile phone, he said, was getting good patronage with nearly 200 people using the facility monthly. “When we launched the scheme a year ago, there were not many takers. In the first three months, the number of people opted to use the facility was below 10. Now, we were able to carryout more than 200 transactions every month,” Mr. Vijayakumar said.



courtesy: thehindu.com