Friday, February 12, 2016
Interest rates on small savings schemes, except the ones for the girl child and senior citizens, could be reduced by 25 to 50 basis points (bps) with effect from April 1. Henceforth, the interest rate would also be reset on a quarterly basis instead of annual basis. An official announcement in this regard is expected in a day or two.
Without mentioning how much the reduction would be in the interest rates, economic affairs secretary Shaktikanta Das on Thursday said the spread of 25 bps (above the average yield from government securities with similar maturity) available now for the small saving schemes below five years, would be reduced. “But for long term saving schemes of above five years, the spread will be protected because the government has taken into consideration the interest of the small savers and the need to encourage long term savings,” Das said. Even if the spread is maintained for long-term savings, the actual interest rate on these could come down a bit as yields on government securities have declined over the past year, analysts say.
Though small savings rate are usually determined to be 25 basis points above the average yield from government securities with similar maturity in the previous year, there have been three instruments that carry even higher rates: Sukanya Samriddhi Account, the Senior Citizens Savings Scheme and the National Small Saving Certificates (NSC). While the proposed changes won’t impact the high interest bearing schemes for the girl child and senior citizens, there could be some reduction in the NSC rates also.
Once these rates are announced, it is expected that bank deposit and lending rates to also fall. While the Reserve Bank of India has been cutting rates, banks have passed on less than half of the cuts on account of high rates on small savings schemes. Bankers say if they cut rates, much of their deposits would flow into small savings schemes.
For example, one-year postal deposit offers 8.4% where as State Bank of India offers 7.25% for deposits of the same tenure (7.5% for senior citizens). For the girl child’s welfare, the Sukanya Samriddhi Account Scheme offers 9.2% interest for a period up to 10 years while SBI offers only 7% on term deposits of 5-10 years (7.25% for senior citizens).
The cumulative corpus of National Small Savings Fund is projected to rise to Rs 9.59 lakh cr after accretion of Rs 52,000 cr in 2015-16.
Present rates are as under :
Imphal: An all women post office, Singjamei Sub office was dedicated to the people of Manipur by Shri Vinod Kumar, Director (Posts) Manipur , with all ladies staff members including Post master.
The Director congratulated the postmaster Smt GA. Memi Devi and other staff members on this historical occasion. He intimated that there is one postal assistant Ms. E. Geeta Devi and one Gr. D official who also are ladies. This Sub Post Office serves postal and financial requirements of large number of people, among them majority are women. SPM intimated that female customers feel comfortable with lady staff while it comes to getting some information about postal schemes or if they have any doubt.
The Post Office is under Project Arrow scheme and consists of three counters. Two of the two counters offer Multi Purpose services such as registration, booking of speed post as well as sale of Stamps. All the counters will have only women employees.
On this occasion Md Riyajuddin, Inspector of Post Offices, 3rd Sub Division was also present who has made a state level record of 757 rural PLI policies in single day at Mayang Post Office recently. He said there is lot of possibilities for PLI/RPLI in Singjamei post office which will be beneficial for women visitors.
It is also important to note that Singjamai Post office comes under Second sub division which is being headed by woman officer Ms. O. Nishita, Inspector Post Office and on this occasion Ms Homeshori, In-charge, Philately Bureau, Imphal Head Office represented HPO while Divisional Office, Imphal was represented by Ms Rebeca, OA Phila & BD.
Shri Vinod Kumar, Director (Posts) Manipur dedicated an all women post office, Singjamei Sub office to the people of Manipur with all ladies staff members including Post master.
Ms Rebeca said that all women post office is a step towards better services for women in Manipur and it also paves way to more empowerment for women as various social security schemes are available here especially Sukanya Samridhi Yojna for girl child which will guarantee bright future for girls. Ms. Homeshori intimated that a lot of philately material related to women issues will be displayed in this office for sale and efforts will be made to open more philately accounts for girls.
Director appealed to the members of public to avail benefits of social security schemes in post offices and if case of any difficulty, people can contact to officers on the following mobile numbers: Ms. O. Nishita – 9612153801, Md. Riyajuddin – 9612653671 and Th. Gandhi – 9856176494.
Source : http://kanglaonline.com/
Centre for Excellence in Postal Technology, Mysore developed a citizen-centric app for mobile phones. The app provide facility for tracking of items(eMoney orders, Registered articles, Parcels and Speed post etc.), Post Office Pincode, Contact details and address search, Postage calculator,Postal Life and Rural Life Insurance premium calculator, Interest calculator for Small Savings Schemes.
Download POSTINFO for:
|MP Circle delegates at railway station. Pravin Shrivastava, Nema Ji are seen in picture|
|HP Circle delegates in train.|
|Reception Committee Membebrs at Hotel Vesta International Jaipur. Shri Atma Ram Ji President of Rajasthan Circle is seen in the picture|
|Welcome Board at Reception Centre|
|Shri Vilas Ingale GS arrived at Jaipur|
|Maharashtra Circle delegates reached at Jaipur|
|Delegates from Karnataka Circle arrived at Jaipur|
|Bihar Circle delegates are in train. Shri Rajeev Kumar CS is in picture|
Thursday, February 11, 2016
|Punjab Circle delegates reached at Jaipur. Shri Sukhej Singh, Shri Balbir Singh, Shri Hari Mohan Ji SPOs (HQ) Chandigarh, Shri Vikas Sharma are seen in the picture|
|Assam Circle delegates also reached at Jaipur. Shri Tapas Chakraborty and Shri Biplab Das are seen in picture|
|Kerala Circle delegates reached at Jaipur. Shri Ajith Kurian, Ex-CS, Shri Venunathan Pillai President,Shri S. Nandakumar CS and Shri C. I. Joymon are seen in the picture|
|Tamil Nadu Circle delegates reached at Jaipur. Our Ex-GS Samuel Sir, Shri Hari Prasad Ji Ex-Circle Secretary Rajasthan Circle and present Circle Secretary Shri Bhupendra Parashar are in picture|
|Chhattisgarh Circle delegates are in train. Shri A. K.Singh Ex-Circle Secretary, N. K. Rajpal, K. C. Rai, Veenit Singh and Alok Gomsta|
Apparently, even the combined veracity provided by an Aadhaar number, a PAN number and a bank account do not carry enough weight to completely satisfy the Government of India that a mutual fund investor is not a fake identity that is being used to launder money. You could have the first two, and on top of that you'd be investing and redeeming through a bank account, and even then you are permitted to invest only Rs. 50,000 in a year.
That's what the new eKYC norms announced by Sebi say. e-KYC means that a 'Know Your Customer' exercise is conducted remotely through the internet, using an Aadhaar interface provided by the UIDAI and a PAN card interface provided by the Income Tax Department. If you have identified yourself through an e-KYC and wish to break through the Rs. 50,000 limit then you must go through an 'in person KYC'. And what is an inperson KYC? It entails someone -either from your fund distributor or the registrar -being given the self-attested copy of your PAN card, your identity and address proofs. Sometimes, they glance over the originals.
Once this is done, the Rs. 50,000 limit is gone and you can invest any amount.
Just think about what is going on here. What's the 'threat model' that this process is protecting against? It protects against money laundering by someone who has the wherewithal to get a fake Aadhaar identity set up (with the iris scan and biometric database and all), get a PAN card made for this fake identity and isable to get a bank account opened for it. Having done all this, this resourceful and accomplished fraudster then proceeds to commit what dire crime?
Why invest in a mutual fund, where all investments must be made and redeemed through a bank account, and are therefore traceable! Smooth and all-digital registration of KYC is one of the key facilitators of the wide expansion of investments. In fact, it is one of the key inputs to encouraging the shift from physical to financial assets. And yet, this is the best that the rulemakers are willing to do to make the process smoother. One thing should be clear from what I've pointed out. The tradeoff here is not with actually preventing money laundering. Instead, it's with pretending to do so. This whole in-person KYC is an example of a mindless bureaucratic procedure which has no real impact on actually achieving its purported goal.
There's this term 'security theatre', which was coined by the American security expert Bruce Schneier to describe the huge increase in meaningless security rituals since 911. Similarly, this KYC business has become a kind of regulatory theatre.
Aadhaar was supposed to be a universal KYC for all residents of India. The government has already made schemes involving tens of thousands of crores on it. However, now, it turns out that Aadhaar cannot be trusted for any except low value investments, even when combined with PAN numbers and a bank account.
As I've written earlier, more dif ficult KYC processes act as a deliberate filter for keeping away low-value customers. This is effectively a tool of financial exclusion. KYC seems easily done for an affluent investor or a government officer, but for the saver on the margin, it creates enough friction that for a certain number, the investment never gets done.
At a time when financial inclusion has rightly been identified by the government as a major area of ocus, the e-KYC limitations appear to be a needless obstruction.
On top of the problem of new savers, an all-digital KYC will also be a huge convenience for existing investors when they are asked to go through one of the periodic re-KYC exercises that have now become routine.
Source : http://economictimes.indiatimes.com/
It has been decided that pre-conference Circle Working Committee Meeting will be held sharp at 09.00 hours instead 10.00 hours on 13-10-2016.
All CHQ office bearers and Circle Secretaries are requested to attend on time.
Staff Selection Commission (SSC) has released the notification for Combined Graduate Level Examination 2016 (SSC CGL 2016). You can ask your son, daughter, neighbors, any staff interested in the office etc. to apply online from 13th February 2016 to 14th March 2016.
The SSC CGL 2016 Exam will be tentatively held on 8th and 22nd May 2016. Check complete details from below link. )
The SSC CGL 2016 Exam will be tentatively held on 8th and 22nd May 2016. Check complete details from below link. )
Name of the Exam : Combined Graduate Level Examination (SSC CGL 2016)
Qualification : Any Graduate
Important Dates :
Starting Date of Online Application : 13th February 2016
Closing Date of Online Application : 14th March 2016
Date of SSC CGL 2014 Examination : 8th May 2016 & 9th May 2016
Application Fee : Rs 100/- (Women candidates and candidates belonging to Scheduled Caste, Scheduled Tribe, Physically Handicapped, and Ex-Servicemen eligible for reservation are exempted from paying application fee)
Check detailed Notification of SSC CGL 2016 from here
Note : Official notification along with online application link will be available from 13th February 2016.
National Pension System (NPS) had 11,459,555 subscribers with a total corpus of Rs. 90, 327 crore as on 23rd January, 2016. The total Assets under Management are worth Rs. 109,140 crore while Assets under Management per subscriber is Rs. 95,000 on an average.
The number of NPS Subscribers of the Central Government are 1611,020 with a total corpus of Rs. 34,754 crore while subscribers from the different State Governments are 2,859,094 with a total corpus of Rs. 45,486 crore. The number of NPS subscribers in the Corporate Sector are 448,509 while in Unorganized Sector is 128,484, the total being 576,993. The number of subscribers under NPS Lite include 4,463,637 and under Atal Pension Yojana (APY) 1,948,811, with a total number of subscribers 6,412,448 in these two categories.
NPS subscribers of Central Government are 14.1% of the total subscribers while that of the State Governments are 24.9%. The NPS subscribers under NPS Lite constitute 39% while under APY 17% of the total subscribers.
Since PFRDA has completed two years of its statutory status on 1st February, 2016, to mark this occasion, PFRDA in collaboration with all its intermediaries in the National Pension System including Central and State Governments’ Nodal Offices, POPs, Aggregators, Central Recordkeeping Agency and NPS Trust etc. is observing NPS Service Week from 1st to 6th February, 2016. This week-long campaign is being dedicated to service-orientation towards the subscribers and aimed at awareness building and improved information dissemination. During this Service Week, besides sharing of information on the range of functionalities and services now available under the NPS, the subscriber community will be apprised about the need for constant updation of data/information to enable the system to operate at its optimum service level, so that the intended benefits can reach all the employees/subscribers under NPS. Besides, the subscribers will also be able to make best use of all the opportunities and facilities.
The Pension Fund Regulatory and Development Authority (PFRDA) is organizing the 2nd Pension Conclave in national Capital on 4th February 2016 with the theme, “Towards Universal Pension: Coverage, Adequacy and Sustainability” in which all the stake holders are expected to participate and share their experiences. PFRDA proposes to use this occasion to acknowledge/award the best performing banks and Post Offices in mobilization and registration of subscribers under the Atal Pension Yojana (APY) up to 31st December 2015, and institute awards for best performing POPs under the Voluntary segment of the National Pension System.
Earlier, PFRDA launched NPS Awareness Programme for State autonomous bodies, Unorganized Sector, Corporate Sector and other categories in order to highlight the benefits of joining NPS and has requested the various State Governments to implement NPS more inclusively among the State Autonomous Bodies, Boards, Corporations, Societies, Universities and State aided institutions under various State Government departments. During the awareness programme, key features and benefits of NPS, details and process of joining NPS, details about NPS architecture investment and exit guidelines of NPS are highlighted.
Staff Selection Commission (SSC) has released the results of SSC CGL (Tier II) Exam 2015. As you know, the Staff Selection Commission has conducted the Combined Graduate Level (Tier-II) Examination during 25th & 26th October 2015. Now it has came out with the result of the same. The Interviews are scheduled to be held from 27th February 2015.
SSC CGL (Tier II) Exam 2015 Result : Click Here
For More Details : Click Here
By Shalini Jain
One of the biggest agenda of the current Government is to curb black money menace in India and one of the step forward in this regard is the change made in the requirement of mandatory quoting of Permanent Account Number ('PAN") in designated financial transactions.
The need for some pro-active measures to check the black money was highlighted by our Finance Minister in October 2015, wherein he had said "the bulk of black money is still within India. We thus need a change in national attitude where plastic currency becomes the norm and cash an exception".
Pursuant to the recommendations made by the Special Investigation Team (SIT) on black money, the Finance Minister in his Budget Speech for 2015-16 had announced proposals to make it mandatory to quote PAN for all sale and purchase of goods and services where payment exceeds INR 1 lakh. However, on consideration of representation received from stakeholders and with a view to strike a balance between necessity of obtaining necessary information and avoiding onerous burden of compliance on legitimate transactions, the Central Board of Direct Taxes (CBDT) has decided to enhance the limit to INR 2 lacs and also to revise the monetary limits of other PAN reportable transactions.
The CBDT vide a press release dated 15 December 2015 had announced the proposed changes to the rules of PAN reportable transactions. Subsequently, the relevant rules have been amended to bring about the changes in law.
As discussed earlier, one of the key change pursuant to the amended rule is the requirement to quote PAN to new class of transaction viz. purchase or sale of goods or services exceeding INR 2 lakhs per transaction. The mode of payment by cash or cheque is not relevant which means whether one pays in cash or cheque, so long as the value of transaction is more than INR 2 lakhs, PAN is required to be reported. This new requirement has been made applicable with effect from 1 January 2016.
The amended rule casts an obligation to quote PAN of both seller and buyer in all documents pertaining to sale or purchase, by any person, of goods or services of any nature (in addition to those already covered by erstwhile rule).
The obligation to verify compliance of quoting of PAN of buyer and seller has been cast on person raising the bills and who has issued any document in relation to purchase or sale of goods or services. If the PAN of the buyer or seller is not available, such person has to furnish a declaration in Form 60 with complete particulars. Such form requires personal details of the individual and any false declaration of information in this form will make the individual liable for serious consequences.
So next time one is shopping in a high end luxury store, the person has to be mindful of the fact that the purchase of an expensive bag or a fancy watch may come up with the onerous requirement to quote the PAN.
In addition to this requirement, some of the other key changes/ changed limits for payments where PAN needs to be quoted are as under:
* The limit for sale or purchase of immovable property has been increased from INR 5 lakhs to INR 10 lakhs
The limit for single bill payment in cash to hotels and restaurants has been increased from INR 25,000 to INR 50,000
* The limit for time deposits with banking companies has been increased from INR 50,000 to INR 5 lakhs
From a compliance standpoint, these new rules will have a far greater impact than just curbing the black money which is definitely the Government's primary intent. With so much information on hand, it will lead to widening of tax base by tracking high value transactions. The Income tax department has also been picking up cases for scrutiny assessments under Computer Aided Scrutiny Selection ('CASS') basis the PAN of the individual and it is expected that there may be an increase in the audit of individuals entering high value transactions. By way of collection of information linked to PAN, the Income tax department will get an overview of the entire 'PAN life cycle summary' or to simply say transactions history of an individual in a chronological order, where a PAN has been quoted, in any part of the country, making it easier to link all the financial transactions of an individual in order to reduce tax evasion and curb black money.
Quoting of PAN will prompt the use of banking transactions and use of plastic money shall rise significantly. This will strongly aid Government's agenda to curb black money. Our new resolution as law abiding citizens needs to be to support the Government in its positive measures.
(The author is Executive Director - Tax & Regulatory Services, EY India. Views expressed are personal)
Source : The Economic Times
Tuesday, February 9, 2016
New Delhi: The government will issue the Seventh Pay Commission award notification soon to facilitate central government employees salaries with regard to inflation, the Prime Minister’s office (PMO) official said on Monday.
“But in case it’s not issued this month, it will be issued after budget. Usually it takes around two or more month to issue a notification,” he added.
The Prime Minister’s Office (PMO) asked the Empowered Committee of Secretaries to process the review of the Seventh Pay Commission recommendations as soon as possible for taking cabinet nod, the PMO officials also said.
The committee directed to address the genuine concerns raised by stakeholders and accommodate their demands as much as possible.
As a pilot phase Department of Post has started using solar powered, bio metric hand-held devices in rural post office with connectivity along with the application software in selected circles viz. Bihar, UP and Rajasthan. This move was the outcome of Rural ICT project declared by the Government of India.
Following re the important features or benefits of Hand-held device supplied to Branch Post Offices.
1. Electronic transactions- Booking and delivery of Speed Post, registered mail, money orders, sale of stamps and postal stationery will be done through these devices and paper receipt shall be generated
2. Instantaneously thereby eliminating chances of overcharging and other problems associated with manual transactions. Savings Bank deposits & withdrawals, PLI/RPLI premium deposits and loan/claim payments will also be done electronically on these devices.
3. Immediate uploading of transaction data and financial reconciliation- Using mobile connectivity, data pertaining to all transactions done on the hand-held devices shall be uploaded onto the central server. E-Money order will reach the destination post office instantaneously unlike present day where the money order is digitized at the nearest computerized Post Office and leads to delay in delivery. All financial transactions shall also be reconciled immediately without any manual intervention and Cash on Delivery amount collected in the village shall be immediately credited to the account of e-Commerce Company. Similarly the artisans would be able to fulfill e-commerce orders and receive immediate payment for their sold products online. This will have a positive impact on the overall economy of the villages.
4. Automatic track and trace- Speed Post and Registered letters/parcels and money remittances will be trackable at the Branch Post Office level and booking/delivery information will also be uploaded to central server immediately.
5. Fraud and leakage elimination- As Savings Bank and Postal Life Insurance transactions will be done on a real-time basis and through immediate generation of receipt and voice message, chances of fraud would be eliminated. Biometric authentication of MNREGS and social security beneficiaries at the time of pay-out would also reduce leakage in the schemes
6. Post Offices as Common Service Centres- Branch Post Offices shall be able to work as Common Service Centres and offer services such as Railway Reservation, online bill payment for electricity and water utilities, mobile and DTH recharge, insurance policy premium payments & transactions for partner banks/insurance companies/mutual funds etc.
From: firstname.lastname@example.org <email@example.com> on behalf of Puja Upadhyay, PFRDA <firstname.lastname@example.org>
Sent: Monday, February 8, 2016 12:10 PM
To: ADG (FS I)
Cc: DDG (Financial Services); email@example.com; Director (CBS); Director (Financial Services); ADG (CBS); K. Mohangandhi Dy. General Manager; ismail Ismail Salam M Dy Manager; mani Manish Mani Asstt. Manager
Subject: Atal Pension Yojana (APY) Carnival 10th & 11th February 2016.
Dear Sir / Madam,
With a view to bring the economically disadvantaged sections of the society in the unorganized sector within the pension or old age income security coverage, GoI launched the Atal Pension Yojana in May, 2015. Department of Post has started the enrollment w.e.f 1st December 2015 and on span of one month more than 20,000 subscribers have been enrolled under APY
2. As you are aware, extension of timeline up to 31st March 2016 for GOI co-contribution under Atal Pension Yojana is given by Department of Financial Services (DFS), Ministry of Finance, GOI. It is appropriate to allocate targets to Circles to ensure maximum enrollment of subscribers till 31st March 2016 .
The target of 30 account per CBS enabled post office till 31st March 2016 should be communicated to the circles for further implementation.
In this regard, to emphasize and boost up the enrollments, Atal Pension Yojana (APY) Carnival is scheduled to be conducted on 10th and 11th February 2016.
3. Actionable during APY carnivals:
During this carnival, all bank branches and post office will make intensive efforts in mobilization and registration of subscribers under APY.
i. Minimum 10 APY accounts for each Bank post office (Includes 2 days i.e 10th & 11th Feb 2016)
i. The post office e will be assessed based on the branches with 10 or more APY accounts on the APY Carnival.
ii. DOP is advised to communicate the target to all the Circles and post office about the APY Carnival / target so as to make it a grand success.
5. APY Carnival MIS is to be given to PFRDA at firstname.lastname@example.org and copy to be givento email@example.com, firstname.lastname@example.org, email@example.com and firstname.lastname@example.org by the 12th February 2016 EOD. The APY carnival reporting format is attached along with this mail.
6. Wishing you a great success for the "APY Carnival 10th & 11th February 2016".
All post office APY Carnival reporting format (10th & 11th February 2016)
Total no of CBS enabled post office
No of post office sourced more than 10 accounts
Total no of APY account on 10th & 11th February 2016
7. Top sourcing Circle and post office during APY carnivals will be awarded
In case of any clarification feel free to revert
Pension Fund Regulatory and Development Authority
I Floor, ICADR Building, Plot No. 6,
Vasant Kunj Institutional Area,
Phase-II, New Delhi - 110070
Monday, February 8, 2016
40th All India Biennial Conference of All India Association of Inspectors and Assistant Superintendent Posts, Odisha Branch held on 6th and 7th February 2016 at Bhubaneshwar 751001. The following officers elected unanimously as President, Circle Secretary and Treasurer.
1. President : Shri Prasanta Kumar Patra, ASP (Mails), o/o the CPMG, Odisha Circle, Bhubaneshwar 751001.
2. Circle Secretary : Shri Pitabasa Jena, Manager (Project Arrow), o/o the CPMG, Odisha Circle, Bhubaneshwar 751001.
3. Treasurer : Shri Bijay Kumar Pradhan : IRM, RMS 'K' Division.
CHQ congratulate the above members and their entire team.
Commemorative stamp on International Fleet Review was released by President of India Shri Pranab Mukherjee at Visakhapatnam on 6th February, 2016.
In addition to Commemorative Stamp, First Day Cover and Brochure, the Department of Posts has also released a booklet (folder) in commemoration of past President’s Fleet Reviews titled “AIKYA”. The booklet contains write ups, photographs and images of stamps brought out on the occasion of past President Fleet Reviews. The booklet was released by Member (Planning), Postal Services Board, Mr. Shekhar Kumar Sinha in presence of Mrs. Sharda Sampath, Postmaster General, Visakhapatnam, Mr. M. Sampath, Postmaster General, Vijaywada and Commodore Amit Vikram on 7th February 2016 at the function held at Visakhapatnam. The booklet is priced at Rs. 325 and can be obtained from Philatelic Bureau, Visakhapatnam.
A special pack consisting of first day cover, block of 4 stamps and a brochure was also released by Department of Posts. The Department of Posts had established two stalls, one at slipway jetty and another at IFR 2016 village in Visakhapatnam.
As a part of the various facilities organised for the participants of International Fleet Review 2016 (IFR-16), the Indian Navy in liaison with the Department of Posts extended the facility of ‘My Stamp’ at Visakhapatnam. New ‘My Stamp’ sheet on International Fleet Review depicting warship imprinted with ‘Indian Navy’ was released on 6th February at Visakhapatnam. My Stamp facility was made available at two ‘My Stamp’ stalls, one each at the IFR Village and hospitality centre (slipway jetty) and sheets were made available at the Special discounted price of Rs. 240.
A Naval Fleet Review is a long-standing tradition followed by navies all over the world. It is a grand occasion when every operational ship is spruced up, proudly displaying its crest and its company in a spirit of loyalty and allegiance to its sovereign and the state. The idea of a Review was perhaps conceived as a show of naval might or an inspection of readiness for battle at sea. The Hon’ble President of India being the Supreme Commander of the Armed Forces, once in his/her term, reviews the Indian Naval (IN) Fleet as part of the ‘President’s Fleet Review’ (PFR). This review aims at assuring the country of the Indian Navy’s preparedness, high morale and discipline. The Indian Navy is the fifth largest in the world, and was known as the Royal Indian Navy in the British Raj.
International Fleet Review (IFR) allows the host nation an occasion to display its maritime capabilities and the ‘bridges of friendship’ and trust it has built with other maritime nations. In India the last IFR was conducted in January 2001, off Mumbai with participation from 29 countries. International Fleet Review 2016 is an International Military Exercise hosted and conducted by Indian Navy on behalf of the President of India. Its objective is to enhance mutual trust and confidence with neighbouring navies by inviting their ships to participate in the event. The Indian Navy conducted the International Fleet Review 2016 at a larger scale from 4th to 8th February 2016, in Visakhapatnam. More than 100 warships from 50 countries, including the US, Russia, China, Japan, South Korea and Australia took part in the event at the Bay of Bengal to showcase naval combat readiness.
President of India Shri Pranab Mukherjee released commemorative stamp on the occasion of International Fleet Review 2016 jointly with Prime Minister Shri Narendra Modi, Union Defence Minister Shri Manohar Parrikar and other dignitaries at Visakhapatnam on 6th February, 2016.
Sunday, February 7, 2016
It has been reported by Organizing Committee of All India Association of Inspectors and Assistant Superintendent Posts, Rajasthan Circle that open session of 39th All India Biennial Conference will be inaugurated by Lt. Col. D. K. S. Chauhan, Chief Postmaster General, Rajasthan Circle in the presence of Shri Dushyant Mudgal, Director Postal Services (HQ) Jaipur on 14th February 2016 at 13.00 hours.
Organizing Committee will finalize the details of two days programme soon and reported to all concerned. Mean while those circles who have yet not reported their arrival / departure particulars are once again requested to give the same immediately to Circle Secretary through email on email@example.com and also remit the amount of donation coupons.
The Mail Rail, a little-known underground railway running beneath the streets of London, will open to the public in early 2017 as part of a new Postal Museum.
The Mail Rail, a little-known underground railway running beneath the streets of London, will open to the public in early 2017 as part of a new Postal Museum.
The railway, which began operation in 1927, was the world's first driverless, electric railway, linking sorting offices from Paddington to Whitechapel. It closed in 2003 as the sorting offices it served were sold off, but after years of fundraising it is set to open to the public for the first time.
Two new Mail Rail trains will be built to carry passengers 1km into the network on a loop from the new Postal Museum near the Royal Mail sorting office at Mount Pleasant.
Visitors to the underground railway, which lies about 70 feet below the streets of London, will spend around 15 minutes on trains following a small loop of the much larger network. The trains aren't able to venture any further into the tunnels due to a lack of fire exits.
During the ride, a fake power cut will be accompanied by stories and sounds of those who worked on the network. On the platforms video projection mapping will be used to tell more of the railway's history.
Historian and broadcaster Dan Snow said the history of the Royal Mail was that of "the most important social network in the history of the world".
"This is a stunning part of our industrial heritage," he added, before literally taking a sledgehammer to a wall as part of the symbolic groundbreaking ceremony. Work will now start to transform the abandoned Mail Rail into an attraction that hopes to draw 180,000 people a year.
To date, £26 million has been raised to complete the refit. Those wishing to donate to the project in a more unique way can pay £250 to have their name placed on one of the new sleepers that will support the tracks.
The Postal Museum, which will be situated across the road from the Mail Rail, will track the full 500 year history of Britain's postal network, from the first Postmaster General appointed by Henry VIII to the present day service.
Items on show will include the only remaining full sheets of Penny Black stamps in the world and the first ever pillar box, built in 1857 and coloured red rather than green.
A basic ticket, granting entry to the Postal Museum and Mail Rail exhibition will cost £9. Those wishing to ride the Mail Rail train will have to buy a full ticket, priced at £14.50 for adults.
Since it closed in 2003 the Mail Rail has been left almost untouched. In recent years just three engineers have maintained the network, a huge change from what was once a bustling part of London's postal service.
The new Postal Museum and Mail Rail will open in early 2017.