UNITY FOR STRUGGLE, AND STRUGGLE FOR UNITY - UNITED WE STAND DIVIDED WE FALL
37th All India Conference of All India RMS & MMS Employees union, Mailguards and Multi Tasking Staff Group’C’ was held from 25th to 27th May 2022 The following office –bearers were elected unanimously for the next session. President Com.. S.N.Jadhav MTS Mumbai Air Mail Sorting Division- ( Maharastra) Vice-President 1 Com.. B.Paranthaman MTS Chennai Sorting Division ( Tamilnadu) Vice-President 2 Com. R.N.Mahanty MG RMS BG Division Bharampur (Odisha) Vice-President 3 Com. B.J.Chouan MTS RMS W Vadadora (Gujarat) General Secretary Com.. K.Mukatar Ahmed MG RMS Z Division (Telangana) Assistant General 1 Com. Naveen Kumar MTS Delhi Sorting Division ( Delhi) Secretaries. 2 Com. R.S.Suresh Kumar MG RMS TV Division Trivandrum (Kerala) 3 Com Saket Behari Gupta MG RMS O Division Lucknow (Uttar Pradesh) 4 Com. Laxminaryana MTS Benguluru Sorting Division (Karnataka) 5 Com. T.Kannaiah MG RMS TP Division Tirupathi (Andhra Pradesh) 6 Com. Elumalai MTS Chennai APSO Division (Tamilnadu) 7 Com. Vittal Abinave MTS RMS B Division Pune ( Maharastra) 8 Com. Tarun Kumar Panja MTS RMS WB Division Howrah ( West Bengal) 9 Com. Abdul Khadeer SS MMS Hyderabad Division ( Telangana) Treasurer Com. Ramesh Chand MTS Airmail Sorting Division (Delhi) Federal Councillors 1 Com. Raju Chakraborty (Assam) 11. Com. G.N.Anantha Ramu ( Karnataka) 2 Com. LelaDhar Pandey (Chattisgarh 12. Com A.K.Singh (Delhi) 3 Com Ragavendra Paswan (Bihar) 13. Com P.Sathaiah (Telangana) 4 Com. Ravi Kumar (Punjab) 14. Com P.P..Radha Krishna (Kerala) 5 Com. Rohit Saini (Haryana) 15 .Com R.K.Mahanti (Maharastra) 6 Com. Ashik Ansari (Jharkhand) 7 Com Ravi Kumar (Tamilnadu) 8 Com.Rahut Chougad (Madhya Pradesh) 9 Com. Rahul Sharma (Rajasthan) 10 Com. G,S,Sastry (Telangana)
NATIONAL WIDE POSTAL STRIKE ON 10th AUGUST 2022 MAKE GRAND SUCESS .

Thursday, August 19, 2010

BANKING ON INDIA POST

India's search for viable methods of creating a financially inclusive economy has a ubiquitous, albeit underutilised, ally — India Post. The world's largest postal network has over 1.55 lakh post offices, 89.76 per cent of which are in rural areas. On an average, a post office serves 7,175 people and covers an area of 21.21 sq. km, giving it a natural advantage to take financial services closer to the unbanked. A recent expert committee report makes a strong case for harnessing the Post Office Savings Bank (POSB) for achieving financial inclusion, as the reach of post offices is twice as extensive as that of all commercial banks put together. The time-tested credibility of POSBs, started in 1882, and the wide customer base of 206 million savings accounts, which held Rs. 56,369.77 crore as on March 31, 2009, make out a strong case for full-fledged banking operations for India Post. Against this backdrop, the XI Five Year Plan's proposal to set up a Post Bank of India merits serious consideration. Key policy changes are in order, however. India Post now carries out its banking and insurance operations as an agency function of the Ministry of Finance. This raises issues relating to operational autonomy. To overcome this limitation, the expert committee's suggestion that India Post should engage with the Finance Ministry to “re-examine and expand its presently limited agency function” is an important starting point. The possible start of full-fledged banking operations, including lending, will also necessitate post office banks to be governed by the country's banking laws. For now, however, India Post is striving to be in sync with the times. Its recent step to facilitate remittances by NRIs is one indicator. Such efforts need to be taken further to make financial inclusion meaningful. As the expert committee points out, the advantage of India Post taking to banking operations is that it can bring a multiplicity of stakeholders on a common platform, for instance, central and State governments, microfinance institutions and technology providers, and serve the financially excluded. The tying up of user-accounts for rural job schemes is a welcome start, and can be expanded to include cash transfer schemes that benefit the poor. The committee's suggestion that post offices open low-cost accounts and provide micro-loans strengthens the case for post offices doubling as banks. The most important determinant of how well India Post rises to its potential to emerge as a lead player in financial inclusion, however, will be the quality of services it renders to its customers.
- The Hindu, 17th August 2010

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