It is a matter of great concern that the total deposits in POSB schemes during April to August 2006 has gone down with reference to the corresponding period of 2005-06 and 2004-05 which has been admitted by the Postal Directorate vide its D.O. No. 25-9/2006-SB dated 16-11-2006 addressed to all Circle Heads and thus needs detail analysis.
It is true that the collection in PO Savings Bank has gone down sizeably in comparison of the past. As per the recent reporting in 'The Hindu', the Small Savings Schemes targets and collections of Tamilnadu is detailed hereunder:-
rate of interest in POSB scheme varies from 6.25% to 7.5% for term deposits and 8% for fixed deposits without any extra benefit to the Senior Citizens except in SCSS.
Despite apparent healthy growth, the Indian banking has only touched the creamy layer of Indian population and the banking policies are yet to reach the left out part of the population comprising the uneducated, unorganised poor in rural, tribal and hilly areas who are being served by the POSB, the oldest banking institution in the country and the largest in Asia through the network of 1,55,516 post offices of which 1,39,120 are in rural areas. The POSB operates about 140 million Savings Accounts with annual deposits exceeding 10,00,000 million. The outstanding balance under all Nationalised Savings Schemes in post offices is over 3,750,000 million which is almost equivalent to the deposit of a leading Nationalised Bank in India. But unfortunately, this largest banking system has been badly overlooked by the Government since 01-03-2003 when the rates of interest on different saving instruments were last reduced. This apart, without considering any revision of rates of interest, the Government rather withdrew the 10% bonus facility from MIS Account with effect from 13-02-2006 imposing penalty for premature closure even after 3 years. Investments by institutions were ordered to be stopped since 31-12-2005 in any POSB scheme resulting diversion of crores of rupees to banks and other financial institutions. Avoidance to POSB is tantamount to avoid the rural public constituting nearly 85% of the total population and thus frittering away inclusive growth.
For rapid economic development, the availability of infrastructural services, both economic and social, is a precondition. As economic infrastructure, Banking including POSB and Communication, especially, the Postal System directly contribute to economic growth. But the current budget coinciding with the 11th Five Year Plan is a deplorable exercise since it has no measures for the Department of Posts and POSB. Everything has been done for the rich and elite. Removal of imperfections in financial markets and channelising higher rate of savings into productive investment were the two measure items, out of 8-point economic agenda for the 10th Five Year Plan (2002- 2007) unveiled on July 13,2002 by the then Prime Minister of India at a meeting on his Economic Advisory
The above table picturises clearly about the alarming decline trend in POSB investment. The pattern is not specific to Tamilnadu but similar throughout the nation. The inherent cause for the said declination is purely attributable to the policy changes introduced by the Ministry of Finance pertaining to small savings schemes and also the failure to resist such anti-investment policies viz. reduction in the rate of interest, withdrawal of Bonus for MIS, forceful closure of Institutional Accounts etc.
While the POSB, an agency function performed by the Department of Posts on behalf of Ministry of Finance, Government of India, has no flexibility for all its savings instruments, the banks in India enjoys several policy changes which give them a free hand to fix prices of their products and services and also help boosting their liquidity. As a result, the rates of interest on different saving schemes offered by the banks in India presently differ highly diverting the customers from POSB.
Under different fixed / term deposit schemes for 1 year onwards, apart from offering higher rates of interests ranging from 8% to 10% with additional interests for Senior Citizens varying from 0.25% to 1%, the banks in India are offering a host benefits like Periodic or Cumulative Interest Option, Auto-renewal Facility and loan against deposits, multiple withdrawal option without premature withdrawal penalty and many other facilities to mobilise the customers. But the
It is shocking to hear the sad news that the above said official who was working single handedly in the 'B' class office over months and his request to provide additional hand was not considered had committed suicide in the office on 25-02-2007.
The official attended office on 25-02-2007 Sunday to clear his pending work and after completing his work, he has written in a paper that "I am going on suicide due to heavy pressure of work" in Oriya language. Thereafter he was hanging in the office itself.
The official left with his wife and two small children. We fear that it should not spread further as if the Farmer's suicide since the department did not care the sufferings of the Group 'C' staff and particularly in B class offices which are now being managed single handedly and imposing unbearable work brunt on them in the aegis of business.
There is a total resentment and panic prevailing in the state and if any concrete action has not been taken to resolve the shortage of staff at the earliest, the industrial action become inevitable which will adversely affect the service and we feel that it should be the last resort.
officials due to non correction of revised maturity value on the body of NSC (VIII issue) - case of Bhubaneswar Division, Orissa Circle - reg.
The Directorate, vide its letter No. 8-10/06-PG dated 20-12-2006 directed the Chief Postmaster General, Orissa Circle for effecting recovery from the pay of the official only for non correction of the revised maturity value on the body of NSC (VIII issue) issued at Utkal University MDG on 08-01-2000. The decision is arbitrary and against to the interest of the department and staff.
In para 3 of the purchase application of NSC (NC- 71) the investor clearly undertakes, "I/we hereby undertake to abide by National Savings Certificate (VIII issue) Rules 1989" and as it is aware, since these rules are being amended from time to time through Gazette notifications, the investor is supposed to know the changes brought in this regard from time to time.
Non impression of a rubber stamp or non correction of the revised maturity value on the body of the NSC at the time of sale, inadvertently done if any, is just only a clerical mistake which may be rectified according to Rule 27 of NSC (VIII issue) Rule 1989.
unjustified and irregular and this could have been denied by the department. Since the maturity value has already been revised, there should be no claim to the investor but for this small petty mistake. Unfortunately, the investor has been favoured with an arbitrary decision by issuing a recovery order from the official. This causes a concern.
It is most interesting to note that in the same letter regarding its observation of insufficiently paid articles, it caused orders to refund the unpaid amount collected for the violation of 'do not write or print below this line'. It is not understand as to why there will be a refund of the amount already realised. Otherwise this condition can be deleted in the volumes for taxation of such items.
It is requested to review the cases once again and cause orders not to set bad precedents to the customers to claim unjustified amounts for the minor clerical errors which would occur under the pressure of work and the existence of shortage of staff often.
It is brought to our notice that as like UP and Uttarakhand, the General line officials have been posted as APM Accounts HSG.II in Rajasthan Circle also.
The posts of HSG.II APM Accounts at Chittorgarh, Kota and Bhilwara have been filled up with General Line HSG.II officials. This causes a concern.
It is, therefore, requested to cause necessary instructions to the Chief Postmaster General, Rajasthan Circle to fill up the APM Accounts posts only with the PO and RMS Accounts qualified officials.
It is brought to our notice that the Chief Postmaster General, Maharashtra Circle had informed the Circle Union that the promotion to LSG (NB) & HSG.II will be selection cum seniority and not seniority cum fitness as per the orders on the subject.
Resultantly, the LSG promotion has been subjected by the Bench Mark system in almost all the divisions in Maharashtra Circle and due LSG / HSG.II promotions have not been accorded on the basis of seniority cum fitness.
It is, therefore, requested to cause necessary instructions to the circle heads to observe promotion upto HSG.I based on the seniority cum fitness as per the provisions contained in the volumes.
It is brought to our notice that the SSPOs, New Delhi Central Division by referring the Chief Postmaster General letter No. Poly-Misc/II/RBI/06 dated 27-06-2006, directed the officials to intimate Bank or POSB Account number of all staff for depositing salary and others. He further intimated that it is compulsory / mandatory that all officials should open Bank / SB Account and intimate prior to 12- 03-2007.
Under the existing shortage of staff, this will cause unbearable workload on SB counter. Moreover, huge rush already existed on the last day and 1st and 2nd day of every month result practical problems to draw the pay and allowances on these days by the postal staff. If all the officials, will draw their salaries across the counter during these days, public will suffer while the counter PA attending our staff.
The present system of salary through post office treasury is practicable and viable. Payment through SB will cause more workload to accounts branch.
It is, therefore, requested to cause instructions to the Chief Postmaster General, Delhi Circle to drop the proposal forthwith.
It is rather shocked to see the amendments placed by the All India Association of Postal Supervisors (GL) have been accepted in toto and circulated which results serious repercussion in the postal unions. This will have adverse impact on the P3 membership.
As per the RSA Rules 1993, the applicant unions were classified into various groups and at that time, the AIAPS (GL) participated the verification process only as the LSG / HSG.II/HSG.I. Supervisors became eligible for the verification process as members of that union.
Now they amended their constitution in December 2006 which has been inadvertently or mistakenly approved that all the TBOP / BCR Postal Assistants also become members of their union in all wings including Administrative offices.
It is most pertinent that the TBOP & BCR are now defined as Financial Upgradation of Postal Assistants and they cannot be called as Supervisors. They remain as part of Group 'C' category only. As such, the provisional approval given to the amendments may please be withdrawn as it is illegal and against to the spirit of RSA Rules 1993.
benefits on par with juniors - case of Sri R. Mahalingam, Sub Postmaster, HSG.II, Tatabad in Coimbatore Division, Tamil Nadu Circle - reg.
The above said official was due for his HSG.I promotion in the first list of 2005 and he had not been promoted to HSG.I cadre stating that he has not been considered due to some complaint regarding his community certificate.
Aggrieved by the decision the official approached CAT Chennai requesting to grant HSG.I promotion on par with his juniors. The CAT Chennai in its OA No. 959 of 2005 held that as there is no vigilance case pending against the official and the community certificate has not been cancelled besides the writ petition in the High Court has also been disposed of, the name of the applicant for promotion to HSG.I on par with his juniors may be considered with the grant of consequential benefits. The copy of the judgement is enclosed.
Even though the above direction has been made on 14-12-2006, the Circle Administration has not accorded HSG.I promotion to the official so far. A great injustice has been caused to the official for no valid reasons or grounds.
It is, therefore, requested to cause necessary instructions to the Chief Postmaster General, Tamil Nadu Circle to consider his case and accord promotion without any further delay.
It is brought to our notice that due to mass Rule 38 transfers ordered due to the verification of testimonials etc., from the Moradabad Division, the shortage of staff has exceeded more than 50%. Out of 450 Postal Assistants, only 220 Postal Assistants are working. Moreover, more axe has been put to this division due to mass Rule 38 transfers ordered from this division.
It is, therefore, requested to cause orders to fill up all the vacant posts by only exempting the existing vacancies from the purview of Screening Committee to this division as a special drive at the earliest.
It is brought to our notice that the above said official has to undergo kidney transplantation immediately as both the kidneys become failure. The official has already incurred expenditure around Rs. 3,30,000/- for which a sum of Rs. 2,00,000 has been sanctioned by the Chief Postmaster General, Orissa Circle within her financial power.
The total estimate for the same has been estimated around Rs. 5, 75,000/- and the Chief Postmaster General, Orissa Circle has referred the case for additional sanction
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