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Thursday, April 28, 2016

DoP seeks Cabinet nod for payments bank proposal 

New Delhi, Apr 27 (PTI) The Department of Posts (DoP) has sought Cabinet approval for its payments bank proposal involving a project cost of Rs 800 crore.
The Public Investment Board (PIB) has recommended that the payments bank may be set up as a public limited company under the Department of Posts with 100 per cent government equity.
"With a project cost of Rs 800 crore (Rs 400 crore equity and Rs 400 crore grant) and the draft cabinet note has been forwarded to Cabinet Secretariat seeking the approval for the project," Telecom Minister Ravi Shankar Prasad said in a written reply to the Lok Sabha.
The Reserve Bank of India granted in-principle approval to DoP for setting up payments bank on September 7, 2015, with a stipulation to complete all formalities for setting up the bank with 18 months.
The present proposal is that the India Post Payments bank (IPPB) may set up one headquarter and up to 650 branches co-located in district headquarter post offices.
"...more than 60 large companies have approached the Department of Posts for collaboration with the prospective IPPB," the Minister added.
Prasad said the project may be rolled out in a phased manner and the bank may complete its nation-wide rollout in five years.
"All the post offices in a district may be linked to the respective IPPB branch and may become the access point for the services of payments bank and will coordinate with the payments bank branches to which they are mapped," the Minister said.
He further said services available through the payments banks will be basic banking services like acceptance of demand deposits such as current and savings accounts up to a balance of Rs 1 lakh, various kinds of payments, including social security payments like DBT payments, person to person remittances (both domestic and cross-border).
"Apart from these, financial products like insurance, mutual funds, pensions, credit etc may be distributed through third party tie ups with banks and other financial service providers especially in rural areas and among the under banked segments of the society," he added.
Regarding International Finance Corporation, a member of World Bank, has shown interest in picking up stake in the business, Prasad said some preliminary discussions had taken place but no formal proposal to this effect has been received.


Monthly wages for contract workers 

Press Information Bureau
Government of India
Ministry of Labour & Employment
27-April-2016 16:52 IST

Monthly wages for contract workers

The Central Government has proposed to amend Rule 25(2) (iv) of the Contract Labour (Regulation & Abolition) Central Rules, 1971 to ensure minimum monthly wage of Rs. 10,000 to contract workers of the country. The proposed draft rules have been published in the Gazette of India, Extraordinary, Part II, Section 3, sub-section (i) vide Notification Number G.S.R. 368 (E), dated the 30th March, 2016.

The Contract Labour (Regulation & Abolition) Act, 1970 covers only those establishments and contractors that employ twenty or more workmen on any day of the preceding twelve months. The number of contract workers engaged in the Central sphere is 1903170 up to 31.03.2015. The figure in respect of contract workers working in the State sphere is not centrally maintained.

There is no proposal to bring into the ambit of the Contract Labour (Regulation & Abolition) Act, 1970 those establishments and contractors that employ less than twenty workmen.

This information given by Shri Bandaru Dattatreya, Minister of State (IC) for Labour and Employment, in reply to a question in Rajya Sabha today.

Passenger Reservation System in Indian Railways

Press Information Bureau
Government of India
Ministry of Railways
27-April-2016 16:15 IST

Passenger Reservation System in Indian Railways

At present, computerised reservation facility is available at approximately 3337 reservation centers, which are working satisfactorily. Till March 2016, 134 Yatri Ticket Suvidha Kendra (YTSK) licensees have been engaged. They are also working satisfactorily. Next Generation e-Ticketing (NGET) which was launched on 28.04.2014, now has a capacity of booking 15000 tickets per minute and is working satisfactorily.

Adequate safeguards have been kept in the computerised Passenger Reservation System (PRS) and internet booking system to prevent its misuse by unscrupulous elements.

For the benefit of different categories of travelling public, the Railways have introduced ticketing facilities at Non-Rail head locations and India Post Offices so that the ticketing system can be accessed by people living in smaller towns and villages. This is in addition to e-ticketing which provides access to reservation system from the comfort of the home/office.

In addition to the provisions made in the computerised PRS and internet ticketing system to prevent misuse of reserved ticketing system, various other steps have been taken, some of which are as under: (i) Condition of carrying original proof of identity by any one passenger booked on a reserved ticket. (ii) Agents are debarred from booking tickets during first thirty minutes of opening of booking, i.e., from 0800 to 0830 hours for general booking, 1000 to 1030 hours and 1100 to 1130 hours for Tatkal booking on AC class and Non-AC class respectively. (iii) In case of booking of reserved tickets through internet, only one booking in one user login session except for return/onward journey between 0800 and 1200 hours. (iv) The monthly limit of booking of tickets through internet by an individual user has now been revised to 6 tickets in a month instead of 10 tickets.

This Press Release based on information given by the Minister of State for Railways Shri Manoj Sinha in a written reply to a question in Lok Sabha on 27.04.2016 (Wednesday). 


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