Central Government Employees News

Bonus calculations for postal employees 2019-20 who performed duty without strike will get the following amount as follows:

7000*60/30.4= Rs. 13,816/-

For those who performed 2 day strike will get the amount as follows:

700011=77000 7000/3129= 6548
(77000+6548= 83548)

Total 83548/12= 6962

6962 * 60 /30.4= 13740.78

Rs. 13741

For GDS, who performed 2 day and 4 day strike will get the amount as follows:

107000=70000 7000/3129= 6548
7000/31*27= 6097

70000+6548+6097= 82645
82645/12= 6887

6887*60/30.4= 13593

Rs. 13593

Also check:

Postal Employees Bonus 2020 Order

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Dak Bhawan, Sansad Marg
New Delhi — 110001
Dated: 05.12.2019

To,

The Chief PMG Delhi Circle, New Delhi

Grant of Cycle Maintenance Allowance after rationalisation of categories of Gramin Dak Sevaks on implementation of GDS Committee Report.

Sir,

I am directed to refer to DPS(O & HQ) DO letter no.Estt/R-275/Pt.II dtd 11.09.2019 on the above noted subject and to inform you that, the matter has been examined by this Directorate.

1. Further, I am therefore directed by the Competent Authority to inform you that, after rationalization of all categories of GDS on implementation of GDS Committee report, all the categories of GDS posts who erstwhile called as Mail Carrier/Mail Deliverer etc. have been brought under the category of ABPMIDak Sevaks. But nature of work/duties of these categories have not been changed. Hence, Cycle Maintenance Allowance may be granted to those ABPM/Dak Sevaks only, who use their own cycle for Out door duty, Mail Collection, Delivery, Conveyance etc.

(S.B.Vyavahare)
Assistant Director General (GDS/PCC)
Tel. No. 011-23096629
Email-adggds@indiaposkgov.in

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The government will soon launch the revamped Kisan Vikas Patra (KVP) besides some new saving instrument programmes for the girl child as well for the physically challenged person, a senior finance ministry official said today.

“We are going to launch the revamped Kisan Vikas Patra (KVP) soon again in the form of saving instrument,” Rajat Bhargava, Joint Secretary (Budget) in the ministry finance said at an event here.

“Similarly, the government of India is also going to launch some new saving instrument programmes for girl child as well as for the physically challenged person who has not been covered so far (under the programme),” Bhargava added.

Finance Minister Arun Jaitley, in the Budget speech, had said he will re-introduce the KVP, which was a very popular instrument among small savers.

“I plan to reintroduce the instrument to encourage people, who may have banked and unbanked savings to invest in this instrument,” Jaitley had said.

The KVP was discontinued by the UPA government in 2011 following the Shyamala Gopinath Committee report. It had suggested that KVPs may be discontinued as they are prone to misuse.

KVP was a popular saving scheme that doubled the money invested in eight years and seven months. The government sold these saving bonds through Post Offices in the country.

The new government has identified financial inclusion and access to formal financial channels as a priority area and the reintroduction of KVP is seen as furthering this objective.
Source : The Economic Times

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A postcard which is sold for 50 paise actually costs the government Rs 7, according to an RTI response from the postal department listing the costs incurred by it on such services which are proving to be loss-making propositions for it.

In the year 2012-13, the per unit revenue earned from the sale of postcards was 50 paise whereas, to keep the service running, the per unit cost came to Rs 7.18, down from Rs 7.50 during 2010-11, the department said in its RTI response.

Similarly, the printed postcard was bringing a revenue of Rs 6 although the cost incurred on it was Rs 7.19 per unit in the year 2012-13. The RTI query further found that the cost of a letter card was Rs 7.18 per unit whereas the revenue earned from it was Rs 2.50.

The postal department also incurs a loss in dispatching registered newspapers with the per unit cost for a single dispatch being Rs 10.59 while Rs 20.79 is the cost for sending newspaper bundles. However, the revenue earned is a meagre 59 paise for single and Rs 1.63 for bundled dispatches, the reply said.

The postal department also said that while insurance is offered at Rs 55.24, its cost was almost three times at Rs 141.82 during 2012-13. Each dispatch of a book packet costs the department Rs 9.51 but the revenue earned by it for every delivery is Rs 2.90.

Each parcel brings revenue of Rs 40.69 while the cost incurred for sending the same is Rs 46.58. Printed books gave a revenue of Rs 2.90 to the department while the cost of dispatching such material was Rs 12.44, it added.

The response provided to applicant SC Agrawal said, “It is submitted that no annual profit and loss account is prepared in this section. However, allocation of expenditure and revenue to around 30 services is being maintained every year as an annual costing exercise on the basis of data received from different sections of the directorate.”

Source : The Economic Times

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Thanks to
Sri.  A.Sivasankaran,

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