Planning Commission renamed as 'Neeti Ayog'

திட்ட கமிசனின் பெயர் இனி நிதி ஆயோக் --மத்திய அரசு அறிவிப்பு  

Planning Commission renamed as 'Neeti Ayog'

The Planning Commission, which was established in 1950, will be called 'Neeti Ayog' in its new avatar, months after Prime Minister Narendra Modi announced that it will replaced by a new body.

The decision comes nearly three weeks after Modi held consultations with chief ministers at a meeting where most favoured restructuring of the Socialist-era body but some Congress Chief Ministers opposed disbanding of the existing set-up.

Modi had announced in his Independence Day speech that the Planning Commission would be replaced by a new body which is in sync with the contemporary economic world.

While addressing the Chief Ministers on December 7, he had invoked former Prime Minister Manmohan Singh who had said on April 30 last year that the current structure has "no futuristic vision in the post-reform period".

He had pushed for an effective structure which strengthens "cooperative federalism" and the concept of "Team India".

There were indications that the new structure will have the Prime Minister, some Cabinet ministers and some chief ministers along with technocrats and experts in various fields.

Now, post offices can provide ATM cards, account statements

Now, post offices can provide ATM cards, account statements

Post offices moved a step closer to becoming banks. The government has allowed certain eligible branches to issue ATM cards to their account holders and also account statements instead of giving out passbooks, as most private sector banks do. 

On Tuesday, the government issued a gazette notification amending the Post Office Savings Bank General Rules, 1981. The rules will come into force immediately. These facilities will be available to the branches that are working on core banking solution software, essentially branches that part of an electronic network. 

Post offices currently provide savings account, recurring deposits, fixed deposits and many other small savings schemes run by the government including the popular Public Provident Funds. 

The funds raised by them largely go to finance central and state governments. India post currently has about 1.55 lakh branches, nearly 90% are in the rural areas, which many experts see as a good vehicle for financial inclusion. The notification says the post office savings bank could issue automated teller machine or debit card to account holders on request or otherwise which can be used to withdraw funds from any of the branches having core banking. 

The deposits to these accounts could be made and accepted through any electronic mode. The RBI had decided against issuing a banking licence to India Post when it gave out licence to IDFC and Bandhan Financial Services saying it would decide after consultation with government. The new rules notified by the government will push India Post closer to banks. 

Source : The Economic Times

தோழியர் K .மீனா MTS பாளையம்கோட்டை அவர்களின் பணி நிறைவு விழா 
நாள் 31.12.2014