Postman/Mail guard Examination question paper (Set-A)held on 12/04/2015 of AP circle
NPS: govt employees may get to choose their fund managers
Flexibility to bring them on par with private individuals
New Delhi, April 13:
Pension regulator PFRDA may allow Union and State government employees the flexibility to choose their own fund managers for managing their corpus in the National Pension System (NPS).
Such
a move will bring the employees on par with private individual
subscribers, who already enjoy the facility to choose their fund
managers.
“The
plan to provide choice to government employees for deciding their fund
managers is consistent with the design of NPS architecture as a
subscriber-centric model,” RV Verma, PFRDA Member, toldBusinessLine.
As
on date, over 70 per cent of the NPS corpus of ₹82,000 crore comprises
contributions from Union and State government employees.
Currently, it is the Centre or the State government that chooses the fund manager for the NPS contributions.
Empowering
the subscriber to choose the fund manager will allow these government
employees the option to take risk and maximise pension, according to
Verma.
The
facility of switching from one fund manager to another is also proposed
to be provided, he said, adding that this will ensure that pension fund
managers do not become complacent.
Verma
also said the plan to provide choice to government employees is also in
line with the Bajpai panel’s recommendations to widen choice for NPS
subscribers — whether it be in the case of fund managers or the basket
of instruments in which funds could be parked.
Add on choice
“The existing system (of government deciding the fund managers) will continue. We are only going to add choice to the government employees who are NPS subscribers,” Verma said.
“The existing system (of government deciding the fund managers) will continue. We are only going to add choice to the government employees who are NPS subscribers,” Verma said.
In 2004, the Centre had moved away from defined benefit pension system to a defined contribution pension system.
All new entrants into government service after January 1, 2004, had to mandatorily go in for NPS.
Currently, the Centre and 27 States have adopted NPS.
Source : http://www.thehindubusinessline.com/
Posts must step out of comfort zone to build their future
13.04.2015 - BISHAR HUSSEIN, DIRECTOR GENERAL OF THE UNIVERSAL POSTAL UNION, HAS URGED THE 750 DELEGATES AT THE ORGANIZATION’S 2015 WORLD STRATEGY CONFERENCE TO TAKE A CRITICAL LOOK AT HOW POSTAL SERVICES ARE CREATED AND DELIVERED.
“Let’s
step out of our comfort zone and test new ideas upon which we can build
the future of the Post,” said Hussein as the UPU's global meeting got
underway after being officially opened by Prime Minister Daniel Kablan
Duncan of Côte d'Ivoire, the country chairing the event.
The
conference starts the process of drafting the next world postal
strategy to be delivered at the Universal Postal Congress in Istanbul,
Turkey, in 2016.
In a personal message,
United Nations Secretary-General Ban Ki-moon said postal services have a
clear role to play in the UN’s post-development agenda being finalized
for adoption in September. “As the world shapes a new sustainable
development agenda and strives to address the threat posed by climate
change, postal services can and must be part of the solution.”
Postal
activities increasingly focused on logistics and financial services
instead of traditional mail, the growth of e-commerce and the rise of
parcel volumes, and changing consumer behaviours are among various
phenomena forcing public postal services to redefine themselves for the
21st century.
Changing
consumer habits brought on by new technological applications is perhaps
one of the greater challenges facing the postal sector.
“The
modern consumer is digital, concerned with sustainable development, and
has a totally different gauge for the value of a product or service,”
said Hussein. “Clients today want to access services anywhere, anytime.
They want products tailored to their preferred method of consumption,
and they want those products to be delivered at home or right next
door.”
And Posts must see this new reality as an exciting opportunity, not a constraint, added the director general.
About 135 UPU member countries are represented at the Strategy Conference, which concludes tomorrow.
Some
40 speakers are taking part in a series of panel discussions covering
major themes such as the role of postal services in trade facilitation
and social, financial and economic inclusion, the role of postal
regulation in an ever-evolving communications market and the importance
of innovation in ensuring that postal services and networks remain
relevant in today’s society.
Source : http://news.upu.int/
UPU News : Speakers address innovation challenges
14.04.2015 - THE INNOVATION CHALLENGE FACING POSTAL OPERATORS WORLDWIDE DOMINATED DISCUSSIONS ON THE FIRST DAY AT THE UNIVERSAL POSTAL UNION’S WORLD STRATEGY CONFERENCE AS POSTAL EXECUTIVES, GOVERNMENT REPRESENTATIVES AND PRIVATE COMPANIES DEBATED HOW TO BEST RESPOND AND ADAPT TO THE RAPID CHANGES THRUST UPON THE SECTOR BY TECHNOLOGICAL CHANGE.
“Together
we must take stock of our organizations and the postal sector today,
and shape our future tomorrow,” UPU Director General Bishar Hussein told
the conference.
The
rapidly expanding e-commerce sector was of particular interest during
the opening day of the conference. While this sector promises great
growth for postal operators, it brings many challenges as well. Consumer
demands when it comes to delivery of e-commerce goods, for example, are
changing quickly. As well, it is still unclear whether e-commerce
giants, such as Amazon, are interested in handling last-mile delivery
themselves.
“The
future of commerce is a blurred landscape, where the consumer dictates
how, where and when he will consume,” said Stefan Krawczyk, associate
general counsel and head of government relations at eBay. “That means
the delivery operators will have to adapt to what the consumer
dictates.”
Postal
operators are already changing the way they deliver packages, including
introducing package lockers and sending delivery notifications to
customers via text messages. Krawczyk, however, stressed that consumers
are looking for transparency and predictability when it comes to package
delivery. A seller in Europe needs to feel certain that when they send
an item to a buyer in South America, it will arrive on time. They also
want the service and pricing to be transparent and logical, Krawczyk
added.
Dimitry
Strashnov, director general of Russian Post, seconded that viewpoint.
Postal operators, for example, should analyze what kind of delivery
their customers need and expect. “Do we need to deliver all the parcels
in one day or two days?” Strashnov asked. “Would a customer be satisfied
having three-to-five day delivery but with a high predictability level.
Can we deliver on the promise? This is getting more and more important
today because the cost of five-day delivery is lower than one day.”
Postal
operators must also be efficient to maintain their profitability,
Strashnov said. This, in turn, allows them to invest in their
infrastructure to create new products.
The
development of new products is an important focus for postal operators
worldwide. Take Saudi Post, which is leveraging its established assets
such as its transportation infrastructure, last-mile delivery network,
postal offices and technology to expand its range of products, according
to Mohamed Saleh Ben Taher Benten, the organization’s chairman and
chief executive officer. For example, Saudi Post has transformed its
transportation network into a logistics network. Its NAQEL logistics
joint venture, in which it holds a majority stake, provides services for
many different industries in Saudi Arabia, including fashion retailers
and food processors.
Another
attractive area for expansion is postal financial services. In
Indonesia, the government has asked the Post to conduct a pilot project
called the “post savings account” in six provinces as many people in
that country still store their cash at home, according to Kalamullah
Ramli, Indonesia’s director general of the ministry of communication and
information technology.
The
development of such value-added services is what makes Moulay Hafid
Elalamy, Morocco’s minister of industry, trade, investment and digital
economy, optimistic about the future for his country’s postal operator.
“From my point of view, posts will continue to be profitable in coming years if they modernize,” Elalamy told the conference.
However,
it’s not just the postal operators that have to adapt, but the rules as
well, according to speakers at the conference. Philippe Wahl, president
of France’s La Poste, said work on the development of the UPU’s global
integrated postal programme, known as ECOMPRO, is necessary for the
further development of the e-commerce market.
“We
need to communicate and exchange information with all members from the
UPU,” Wahl said. “It’s the next big step we are taking together.”
NOTIFICATION FOR
DIRECT RECRUITMENT OF GDS IN POSTAL & RMS DIVISIONS - ODISHA CIRCLE
CLICK HERE
FOR DETAILS
NPS: GOVT EMPLOYEES MAY GET TO CHOOSE THEIR FUND MANAGERS CLICK HERE FOR DETAILS/THE HINDU NEWS
DOP: I.T. Modernisation Project Survey-CBS/ McCamish Feedback
The link given below should be used to get the survey responses filled from the officers and staff:
To monitor survey progress, CBS Management Team will be regularly
sharing survey response status with you. We should strive to get maximum
responses filled before the survey end date i.e. 15th April 2015.
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