Showing posts with label Budget 13-14. Show all posts
Showing posts with label Budget 13-14. Show all posts

Tuesday, February 18, 2014

All post offices to start working on new technology by 2015 - Finance Minister P Chidambaram

Finance Minister P Chidambaram
NEW DELHI, FEB 17: All 1.55 lakh post offices will starting working using modern technology by next year, Finance Minister P Chidambaram said today.

“The IT modernisation project of the Department of Posts with outlay of Rs. 4,909 crore will be operational by 2015 in all 1.55 lakh locations,” the finance minister said.

The IT modernisation project with this outlay was approved by Cabinet Committee of Economic Affairs (CCEA) in November 2012. It has to be implemented through eight projects which include core banking system technology, IT-based management at post offices, business intelligence system to analyse and project new business opportunity.

The project aims at increasing efficiency, quickening transactions and enhancing transparency at all 1.55 lakh post offices in the country.

Under the project all rural post offices are to be provided with 1,30,000 handheld devices which will come with smart card readers for financial transactions, solar panels for charging them, biometric readers for immediate identification and thermal printers for immediate printing of receipt.

The devices will enable post offices to deliver services at the door step of the customer.

The postal department has computerised about 25,000 departmental post offices but rural post offices will be provided handheld devices for digitising records.

(This article was published on February 17, 2014)

Monday, January 13, 2014

Cash management system in Central Government- Modified

To view Directorate memo No. 21-(1)/-PD/2005 dated 10th January 2014, please CLICK HERE.
 

Thursday, February 28, 2013

Budget 2013-14 Highlights

Budget for 2013-14 presented in the Lok Sabha Thursday by Finance Minister P. Chidambaram. Few highlights are as under:
 
* No plans to revise direct tax rates * Surcharge of 10% on Rs 1 crore plus income earners.
* Rs 532 crore to make post offices part of core banking. 
* PSU banks to have ATMs at all their branches by March 31, 2014. 
* Rs 80,194 crore allocation for Ministry of Rural Development in 2013-14. About Rs 33,000 crore for MGNREGA.
* TDS of 1% on land deals over Rs 50 lakh, agricultural land exempted. 
* Commodity transaction tax introduced.
 
To view full highlights, please CLICK HERE.
 
Source : TOI