India Post had applied for a bank licence under RBI guidelines issued on February 22, 2013.
A senior official of India Post at Kolkata General Post Office told PTI that since e-commerce is a sunrise industry, it is trying to earn higher revenue in the region by involving local traders and business houses.
A look at how India have fared in their World Cup opening games.
'India tend to taper off at the end. You don't need batters down at 9/10 but they must have the ability to hit boundaries.'
India must improve their batting depth with the 50-overs World Cup on the horizon, coach Rahul Dravid said.
This is India's fourth ODI World Cup final.
The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.
Even as a commentator, Bedi continued to rail against spinners with dodgy bowling action and called chucking a bigger threat than illegal betting.
The Postal Department has geo-tagged more than 1,50,000 post offices on geo-portal Bhuvan, developed by ISRO
'(It) feels great. Just to win the gold is special, and being the first Indian cricket side to win the gold will make people go back in history and see that this was the team that actually won the first-ever gold in cricket in the Asian Games. It's an amazing feeling.'
Tells RBI this is not the time to consider such a foray, especially given the lack of funds to spare for such a venture.
The DoP has moved a Cabinet note for the government to provide Rs 500 crore (Rs 5 billion) as initial capital to India Post towards starting a bank.
The Indian postal network is the largest in the world with 155,015 post offices in the country, 90 per cent of which, that is 139,144, are in the rural areas.
More than five lakh aspirants will take the exam on January 7 and 8, 2017.
The IPPB, which is currently running pilot services in Raipur and Ranchi, needs a go-ahead from RBI for the software used for system integration
Virat Kohli's supreme fitness was evident in his 47th ODI century while comeback man KL Rahul produced an equally engaging ton on comeback as India thrashed a listless Pakistan by record 228-run margin.
One of the fittest athletes in the world, Virat Kohli said focusing on his diet and body helped him immensely.
Apple was a fringe player in all key categories like smartphones, notebooks, and tablets till recently. But with the last quarter's record-breaking performance, the brand has established itself in the country's price-sensitive consumer electronics market.
Global IT major HP is understood to be in the last leg of lapping up the largest of the eight contracts under the India Post IT modernisation programme. The deal is estimated to be in excess of Rs 1,000 crore, making it one of the largest e-governance contracts in India.
Zimbabwe captain Sean Williams bludgeoned 174 to set up a 304-run victory for his side in their ODI World Cup Qualifier against the United States.
India posted their best score on the first day of a Test as they aggregated 375 for 9 in the third and final Test against New Zealand in Wellington on Friday. India's previous best score on the opening day of a Test was 372 for seven against South Africa at Bloemfontein in 2001-02.
Group term insurance is far more cost-effective than an individual cover.
Clearly, Foxconn Chairman Young Liu and his team are looking to raise their game in India.
After Suryakumar Yadav's maiden IPL ton, the Mumbai Indian bowlers rallied to restrict the Gujarat Titans to pick up an important win.
To start with, the air freight service will be introduced connecting all four metros-- Mumbai, New Delhi, Chennai and Kolkata -- taking Nagpur as a hub of operations in the first phase. This will happen as soon as the Air India could provide an aircraft on wet lease to India Post.
It lacks experience in financial sector that other applicants have demonstrated.
India Post will have to re-align its bloated staff well before getting transformed into a full fledged bank.
Full service carrier Vistara expects to add a total of 10 planes as well as hire more than 1,000 people in the current financial year and has shelved plans to fly to the US, according to a top executive. Currently, Vistara, which is set to be merged with Air India, has a fleet of 61 aircraft and a staff strength of over 5,200. During an interaction in Istanbul this week, Vistara CEO Vinod Kannan said there has been a ready pool of talent, especially pilots and cabin crew members, with the collapse of Go First.
Who can forget the 1996 World Cup quarter-final in Bengaluru? Or Sachin Tendulkar's magical knock at Centurion in the 2003 World Cup? Or Kapil Dev-inspired India bowling out Pakistan 87 at Sharjah?
According to sources, the postal bank will tie up with other banks and financial companies to offer products like loans, mutual funds, and insurance policies to its customers.
Buying and selling of exchange trade fund (ETF) units worth less than Rs 25 crore will now have to take place compulsorily on the stock exchange platform, according to a new rule which comes into effect on Tuesday. The fresh norm, which comes into being after two deferments, is aimed at boosting liquidity and reducing tracking error. At present, investors directly deal with the asset management companies (AMCs) for purchase and redemption of ETFs - passive schemes that track a particular benchmark such as the Nifty50 index.
'A fresh look is being given to ways of processing, transmission, and delivery.'
Teen Murti Bhavan served as the official residence of India's first prime minister Jawaharlal Nehru.
'I don't sense that China wants that kind of conflict or would support that'
Matthew Hayden believes this season will be very special as MS Dhoni will potentially be playing his last IPL season.
As India retained the Border-Gavaskar Trophy with a 2-1 win, Rohit Sharma and Australia skipper Steve Smith agreed the outcome of the Delhi Test sealed the fate of the series.
Luxury carmaker Mercedes-Benz India on Thursday said it will increase prices of its vehicles ranging between Rs 2 lakh to Rs 12 lakh across different models from April 1, to offset rising input costs specially the adverse impact of foreign exchange. This will be the second time in three months that the company is increasing prices of its vehicles. The ex-showroom price of the company's model range will increase by up to 5 per cent from April 1, 2023, the company said.
The Indian team, set to play the second Test against Australia from Friday, had to switch hotels in New Delhi.
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