Indian postal sector gets 55% hike in outlay
The Indian postal sector will receive a 55% jump in outlay to $124m.
The Indian postal sector will receive a 55% jump in outlay to $124m.
The Indian government will attempt to develop and reposition India Post using technology and entrepreneurial management.
More than 5,000 post offices are targeted for computerisation and networking. Furthermore, 100 new branch offices, along with 50 sub-post offices, will be opened in 2009-10.
The government announced that it plans to make post offices the hub of financial services, planning to set up 100 financial marts and 500 franchise outlets.
“The aim is to effectively utilise network and reach for providing value added services through linkages with various agencies, organisations, specially for delivery of social security schemes,” said finance minister Pranab Mukherjee.
