Adoption of information and communication technology by post offices in different countries has contributed to inclusive growth and more responsive governance besides giving the postal sector a competitive edge, according to a study by the International Telecommunication Union and the Universal Postal Union.
P V Subramanyam clears some misconceptions about debt funds.
Claims to regain business lost to private courier operators.
The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank of India (RBI) said on Friday. The facility will resume on Tuesday (April 2, 2024) at the 19 issue offices of the RBI, it added. "The facility of exchange/deposit of Rs 2,000 banknotes will not be available on Monday, April 1, 2024 at the 19 issue offices of the Reserve Bank of India due to operations associated with the annual closing of accounts," it said.
The IT modernisation project with this outlay was approved by Cabinet Committee of Economic Affairs in November 2012.
Replying to supplementaries during Question Hour in Rajya Sabha, Telecom Minister Kapil Sibal said there are 154,688 post offices in the country, the largest postal network in the world.
Pressing his party's demand for employment to 'sons of soil', Maharashtra Navnirman Sena chief Raj Thackeray has warned the postmaster general to give priority to locals for the post office jobs or else cancel the recruitment procedure.
Southern states will soon sell non-prescription drugs in post offices.
To begin with, the service will be available in 30 places across the country. The postal department would issue railway tickets through the computerised Passenger Reservation System (PRS) counters provided by the railway ministry.
Bringing ticket booking facilities to the doorsteps of passengers, Indian Railways will from now allow selling of reserved tickets through post offices.
The Central Board of Direct Taxes has brought out a notification in this regard recently, which stipulates that any interest earned beyond Rs 3,500 (in case of individual accounts) and Rs 7,000 (in case of joint accounts) will be taxable from the running fiscal.
Demanding that the Central Bureau of Investigation be brought under the purview of Lokpal, Team Anna on Friday said that the role of the ombudsman will be reduced to a post office receiving and forwarding complaints if it does not have control over the anti-corruption wing of the probe agency.
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The government has hiked the interest rate on Public Provident Fund account (PPF) to 8.6 per cent from 8 per cent. The investment ceiling has been raised to Rs 1 lakh a year.
Delhi Police has given permission to the farmers to hold their 'Kisan Mazdoor Mahapanchayat' with the condition of gathering not exceeding to 5,000, no tractor trolleys, no march at the Ramlila Maidan, and made elaborate security arrangements that may lead to a heavy traffic jam in the national capital on March 14, officials on Wednesday said.
Due to a 'Kisan Mazdoor Mahapanchayat' convened by farmers at the Ramlila Maidan in New Delhi on Thursday, the Delhi Police has beefed up security and deployed heavy force for checking vehicles, which might lead to traffic snarls in the central parts of the city, officials said.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Both Houses of Parliament were adjourned sine die on Thursday, a day ahead of the scheduled end of the Winter session, that saw a security breach in the lower house, suspension of over 140 MPs and the expulsion of Trinamool Congress leader Mahua Moitra.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Speaking to reporters after signing up with Sistema Shyam Teleservices (which offers phone services under the 'MTS' brand) to offer e-recharge services at 50 post offices here, Chennai City Region post master general M S Ramanujan said DoP has over 1,50,000 points of presence and about 25,000 offices across the country, a majority of which are located in the rural parts of the country.
The government on Wednesday said interest rates on post office savings schemes, except the PPF, will remain fixed throughout the term of the scheme.
The government's plan to tap into India's vast postal system to reach out to the unbanked population by utilising offices across the country as banks is expected to take some shape this year as the proposal has been sent to the Finance Ministry for its nod.
Applicants for Indian citizenship under the Citizenship (Amendment) Act 2019 (CAA) can submit any of nine documents, including valid or expired passport, ID cards and land tenancy records, to prove he or she is a national of Afghanistan or Bangladesh or Pakistan.
A day ahead of Lok Sabha polls announcement, the government today decided to hike interest rates on fixed deposit schemes offered by post offices by up to 0.2 per cent.
The Reserve Bank of India (RBI) on Friday said nearly 97.26 per cent of the Rs 2,000 bank notes have been returned to the banking system, and only about Rs 9,760 crore worth of the notes are still with the public. On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation. "The total value of Rs 2,000 bank notes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023 when the withdrawal of Rs 2,000 bank notes was announced, has declined to Rs 9,760 crore as at the close of business on November 30, 2023," the RBI said in a statement.
Unlike the Mughal emperor's monument that is a popular tourist destination, Faizul Hasan Qadri wants his Taj to remain just a shrine of his love for his wife.
Besides the bills, the government has listed the first batch of supplementary demands for grants for 2023-24 for presentation, discussion and voting during the session.
And it's not just the festival Kolkata's beloved tram service is celebrating.
Lok Sabha Speaker Om Birla on Wednesday ordered a high-level inquiry into the incident of two persons jumping into the house chamber from the public gallery with smoke canisters.
At the age of 15, she is all set to graduate in Psychology from the Devi Ahilya Vishwavidyalaya in Indore.
The government on Thursday listed bills on personal data protection, to amend forest conservation laws and on the contentious ordinance on Delhi services for the monsoon session of Parliament beginning next week.
However, Rajya Sabha being a continuing chamber is not subject to dissolution, and bills introduced and pending in this House remain on the live register, unless withdrawn by the government.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Ahead of the Parliament session, the government will hold a meeting with leaders of all parties on Sunday to brief them and hear their views, amid an intense buzz on whether it will have some surprise item up its sleeve during the five-day sitting.
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