Saturday, January 30, 2016
Thursday, January 28, 2016
Retirements on 31.1.2016
Monday, January 25, 2016
INDIA POST SEES A MASSIVE 900% JUMP IN PROFIT AS THE PREFERED PARTNER OF E-COMMERCE BRANDS
If you thought that India Post is all but done for and with the
downfall of snail-mail (that's letters and postcards if you didn't get it!) and
the closure of Telegram, then you got it all wrong.
India Post has seen an unprecedented profit growth in the past two
years piggybacking on the rise of e-commerce and its reach into the remotest
corners of India. Where new services Delhivery, Ekart and at times even
world-leading couriers may fail - India Post still does it.
Add this to the reliability which makes it the favoured
Cash-On-Delivery (COD) channel used by e-commerce brands - led by Amazon - and
we have a match made in heaven.
Postal department’s revenues by ways of COD consignments from
e-commerce majors has gone up to Rs 1,000 crore in the first nine months of
this fiscal, up from Rs 500 crore during the entire whole of FY15, and just Rs
100 crore in FY14. Minister for Communications and Information Technology, Ravi
Shankar Prasad has confirmed it and expects revenue to touch Rs 1500 by end of
March; making this an almost tripling growth over last year.
The Department has partnered with e-tailers, including Flipkart,
Snapdeal, Amazon, YepMe, Shopclues, for delivering pre-paid as well as CoD
orders. Amazon is its largest business partner in e-Commerce
On an average, Amazon sends 3,00,000 packages through India Post every
month followed by Snapdeal (80K), Yepme (60K), Myntra (50k) and Flipkart (30K).
The Minister said complete revival of the postal department is his
top-most priority.
"I want to see India Post as a big hub of e-commerce, delivery and
digital services," Prasad said. His vision may also be based on the fact
that RBI had given India Post a banking license in August last year and we may
see our post office become a full blown bank from a Non-banking financial
entity in near future.
Gone may be the days when Dakiya Dak Laaya was a hit but in today's
India it's just transformed into Daakiya Mac Laaya!
Source: http://www.indiatimes.com
Friday, January 22, 2016
Change of Role of SBCO in CBS environment
CAT Reserves judgment in Full Pension on Superannuation after 10 years of service by Pre 2006 Pensioners
CAT Reserves judgment in Full Pension on
Superannuation after 10 years of service by Pre 2006
Pensioners
Details of arguments in CAT Delhi on 13-1-2016
Our Review Application to cover full pension after 10 years on superannuation or absorption in PSUs/Autonomous Bodies was taken up by the CAT Benchon
13thafternoon.
The GOI Advocate made the following points which were duly countered byour
Advocate:
(i) Since the verdict dated 21-4-2015 was based on OA 1165/2011 as the lead case, which did not seek pro-rata pension after 10 years on superannuation or absorption in PSUs/Autonomous Bodies, this issue can not be raised now. Also, as per Apex court verdicts, if a verdict is silent on any particular prayer, it is assumed that the same is not accepted by the Court. He sought time to produce relevant rulings for which the Bench said that this should be donewithin 2 days beyond which they would not wait.
Our Advocate effectively countered this contention by pointing outthat:
* Although OA 1165 initially did not cover this plea of full pension after10 years on superannuation/absorption in PSUs, the other two OAs filed subsequently, specifically covered this aspect. And since all the 3 OAs were clubbed together in the verdict dated 21-4-2015 for a common verdict, thisprayer can not be ignored;
* Notwithstanding this, it was brought to the notice of the Bench that asearly as in 2013 (much before the verdict dated 21-4-2015) while filing our Rejoinder, it was specifically sought to amend our prayer in OA 1165/2011 to include this aspect also. Since GOI did not object to it at that time, the sameis deemed to have been amended and this issue can not be raised now.
* In any case, since all 3 OAs were clubbed together in a common verdictand this aspect was missed, it is well within the right of the Applicants to seek aReview of the order.
(ii) GOI Advocate mentioned that since this aspect was not raised in OA
655/2010 as mentioned in the verdict dated 1-11-2011, while seeking modified parity, this aspect can not be raised now.
Our Advocate countered this by pointing outthat:
* While considering the Writ of S 30 Pensioners Association seeking full paritywith post 1-1-2006 pensioners, Delhi High Court remanded the case backto CAT with the direction to ignore paras 1-11 of verdict dated 1-11-2011 in our case (which formed the basis of adverse verdict in S 30 case also) andconsider the matter afresh. As a result, the Full Bench allowed their plea of full parity in pension between pre and post 2006 pensioners, subject to thecondition that the pension of a pre 2006 retiree from the higher grade can notget a lower pension than the maximum pension of lower grade post 2005retiree. He placed on record a copy of this verdict. Hence the reference of GOIto CAT verdict dated1-11-2011 was no longer relevant.
* The fact remains that the issue of denial of full pension after 20 years on VR and 10 years on superannuation/absorption in PSUs etc is covered by the same common instructions which have been quashed by Full Bench of the Tribunal and which decision has been upheld upto the highest level of Supreme Courtwhile dismissing Curative Petition against CAT verdict dated 1-11-2011 inOA
655/2010. Consequently, discrimination between VR pensioners getting the benefit but not pensioners after superannuation/absorption on par withpost
2005 retirees can not bejustified.
(iii) GOI Advocate again mentioned that they are going to file a Writ against earlier verdict dated 21-4-2015, to which the Bench reiterated that unless astay is granted it does not matter. (Incidentally, as indicated in my mail of 6-1-2016, we have already filed a Caveat in Delhi High Court on 8-1-2016 toforestall any ex-parte stay in the matter).
The Bench has since reserved the verdict which we hope to be out verysoon. Regards,
PratapNarayan
Source : http://rscws.com/
[ http://rscws.com/pdfdocs/CAT_Reserves_judgment_in_Full_Pension_Case_on_Superannuation_after_10_years.pdf ]