Coming soon, Post Bank of India

Dear Comrades,

The postal department plans to enter the banking business with the Reserve Bank of India deciding to grant new bank licences to entities with credible track-record.

Consultant appointed

 

Sources said the Department of Posts, which has a strong foot print in rural areas, has appointed Ernst and Young (E&Y) as the consultant for the proposed ‘Post Bank’

 

“Ernst and Young is expected to submit a detailed project report by April, after which all the necessary measures will be taken up to apply for banking licence,” a source at the Ministry of Communications and Information Technology told PTI.

 

The sources added that the Department of Post (DoP) might need Cabinet approval for setting up Post Bank of India.

 

Of the 1.55 lakh post offices in the country, around 24,000 district offices may be ready to offer banking services in the next two years. 

 

The DoP is in process of setting up 1,000 ATMs.

 

“Post Bank shall not only take care of the banking needs of the rural poor but shall also converge with micro-insurance and micro-remittance services of the DoP,” the source said.

 

As per data shared with Parliament, there were over 26 crore operational small savings accounts in post offices as on March 31, 2012, having deposits worth Rs.1.9 lakh crore.

A BIG TASK IS AHEAD -GDS UNITY IS THE NEED OF THE HOUR FOR INCLUSION OF GDS IN 7TH CPC

Dear Comrades,

A BIG TASK IS AHEAD -

GDS UNITY IS THE NEED OF THE HOUR FOR INCLUSION OF GDS IN 7TH CPC

 

Revolutionary regards and greetings to the GDS Employees for the active involvement in the 2013 February 20-21 Nation wide strike against Anti People and Anti Employees Policies of central Government.

 

AIPEDEU is the symbol of struggle and sacrifice. AIPEDEU never shirked of its responsibility and organised struggles after struggles to realize our goal. The achievements after historical indefinite strike from 16-22 October 2012 are not completely satisfied our aspirations, though it is ever remained a glorious struggle in the history of postal trade union movement. The most pressing problems of GDS are yet to be settled. Beyond all this, there is a big task before us. Our main and important demand is inclusion of GDS Employees in the 7th CPC and grant civil servant status to GDS. To achieve this principal demand GDS unity is essential and inevitable. Unfortunately the unity of the GDS Employees has been broken by disruptive forces since 2007. They are continuously spreading falsehood in order to weaken AIPEDEU. Beware of those who are spreading lies against our union.

 

We are ready to initiate any sort of action to achieve our main demand "departmentalization." It is not easy task. It will be fulfilled only by the dedicated and uncompromised struggles. So CHQ is requested all our Circle, Divisional, Branch Secretaries to enroll more and more membership to strengthen our union. Unity is the need of the hour. It is right time to move.

Comrades remember one thing. We have to fight our selves. We are the sufferers. We are the exploited. We are the fellow feeling the burnt. None can fight for us.