Minister of Communications & IT Sets Revenue Targets to all Postal Circles

Minister of Communications & IT Sets Revenue Targets to all Postal Circles

Secretary Posts DO letter to all Chief PMsG is reproduced below :

DO No. 15 / Secy (P) / 11 Dt. 29.07.11

MoC & IT has set a target for the Dept for the next 100 days. The target for each Circle is attached. Besides usual revenue targets, the targets will be on opening of SB A/c’s for BPL families, opening of franchisee outlets, enrolment of Aadhar, and on RPLI. You should take every effort to achieve this target.

2. As advised earlier reg BPL SB A/c’s, RPLI and Aadhar targets they may be passed on to the Divisions and to the Sub Divisions. I will be reviewing weekly progress of targets and achievements every 10 days. MoC & IT will be taking up a review of your performance mid-October.

With regards,

Yours sincerely

Sd (Radhika Doraiswamy)

To

All Chief PMsG (by name)

Sl.	Circle	Zone	Annual target		100 days target
			Revenue from POSB	Revenue from PO	BPL A/c’s opened	No. of RPLI Policies	Aadhar Project
			in crores	in crores	in lakhs	in lakhs	in lakhs
Central Zone – Member (HRD)
01.	Chattis	Central	50.78	30.00	1.50	0.27	2.50
02.	MP	Central	256.19	83.00	4.13	0.70	2.00
03.	Orissa	Central	140.86	48.00	2.96	0.60	0.50
	Total		447.83	161.00	8.59	1.57	6.00
East Zone – Member (Personnel)
04.	Assam	North	87.69	27.00	0.92	0.30	0.00
05.	Bihar	North	228.26	74.00	6.18	0.50	1.00
06.	NE	North	17.86	17.00	0.20	0.18	0.20
07.	WB	North	421.19	210.00	3.50	0.60	0.20
	Total		755.00	328.00	10.80	1.58	1.0
North Zone – Member (Operations)
08.	Haryana	North	95.44	82.00	0.53	0.45	0.50
09.	Himachal	North	70.99	38.00	0.10	0.21	1.00
10.	J & K	North	23.92	20.00	0.09	0.18	0.00
11.	Punjab	North	117.33	94.00	0.50	0.30	0.50
	Total		307.68	234.00	1.22	1.14	2.00
North Eastern Zone – Member (PLI)
12.	Delhi	NE	62.79	360.00	0.38	0.03	0.20
13.	Jharkhand	NE	61.62	33.00	1.93	0.45	0.00
14.	UP	NE	507.34	275.00	9.77	1.50	2.00
15.	Uttar	NE	82.41	38.00	0.59	0.33	0.20
	Total		714.16	706.00	12.67	2.31	2.40
South Zone – Member (Planning)
16.	Andhra	South	493.93	274.00	2.10	2.40	2.00
17.	Karnataka	South	215.33	350.00	2.30	1.05	2.00
18.	Kerala	South	183.28	260.00	0.82	0.45	2.00
19.	Tamilnadu	South	415.19	566.00	2.41	1.50	0.00
	Total		1307.73	1450.00	7.63	5.40	6.00
West Zone – Member (Technology)
20.	Gujarat	West	249.79	204.00	1.60	0.60	0.50
21.	Mah	West	455.78	830.00	5.26	1.20	5.00
22.	Rajasthan	West	207.77	150.00	2.23	1.20	1.50
	Total		913.34	1184.00	9.09	3.00	7.00

Posted by Appanraj.S General Secretary

1.5 lakh post offices to be converted into banks

PTI -NEW DELHI

The humble post office is all set to undergo a radical change with a proposal to convert over 1.5 lakh post offices across the nation into full fledged banks on the anvil.

Telecom Minister Kapil Sibal wants to reach out to the masses in the rural areas with modern banking facilities through the post offices. "We want to commercialise the department. We will seek a licence from the RBI to convert all our post offices into banks," Mr. Sibal told PTI.

The lack of modern banking facilities in rural areas and dependence of villagers on informal sector for their credit requirements has prompted the government to work on financial inclusion by way of setting up 'postal banks'.

"The State Bank of India can't build branches all over India, but there are post offices across India. The branches are already there, so infrastructure expenditure is not required. So you can actually give banking facilities at relatively lower costs, which would be extremely beneficial to people," he said.

The post offices currently offer financial services like savings bank, postal life insurance, pension payments and money transfer services. Its total corpus stood at Rs. 5,82,832.9 crore as on March 31, 2011.

DoP's revenues grew 11 per cent to Rs. 6,954.09 crore in 2010-2011 from Rs. 6,266.70 crore in the previous fiscal.

However, negative growth rate in some circles has pushed the Department's deficit to Rs. 6,625 crore in FY'11, almost equal to the annual revenue of the Department.

http://www.thehindu.com/news/national/article2310715.ece

(On 01-08-2011 THE HINDU  NEWS)