Many senior citizens 'underestimate the impact of inflation, taxation, health-related expenses, and the heavy premium they will have to pay on health insurance.'
Here are answers to some of the frequently answered questions on the new Post Office Bill.
DoP has 25,000 departmental post offices and 1,30,000 rural post offices across the country.
Mumbai's first Mahila Dak Ghar, a post office entirely operated by women staff, was inaugurated in Mumbai on Friday.
The post office is expected to open early this year, making it possible for mail delivered at any post office in Beijing to reach Antarctica.
According to the proposed legislation, 'the central government may, by notification, empower any officer to intercept, open or detain any item in the interest of the security of the state, friendly relations with foreign states, public order, emergency or public safety, or upon the occurrence of any contravention of any of the provisions of any law for the time being in force'.
6 post offices have been identified for the pilot stage.
With formalities for a tie-up between the department of posts and Archies Greetings and Gifts Ltd progressing well, from next Friendship Day, falling on August 7, the facility could be introduced in post offices in Tamil Nadu.
The international post office in Moscow was evacuated after a high level of radiation was detected from a package
The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. Last month, the income tax department issued a circular stating that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31.
The Postal Department has geo-tagged more than 1,50,000 post offices on geo-portal Bhuvan, developed by ISRO
The government is likely to introduce Quick Money Withdrawal Scheme on the lines of Any Time Money in post offices
The department of posts on Friday said it was planning to have a wide area network through the central server technology, to be used by the banking segment of the post office.
Tamil Nadu, Karnataka, Kerala and Maharashtra post offices followed Bihar.
The government on Friday announced a 5 per cent bonus on new monthly post office deposits. The bonus will be applicable for Post Office Monthly Income Accounts opened on or after December 8, the finance ministry said in a statement.
The department has joined hands with BSNL and Pantel Technologies.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
After launching the ATM service at Thiyagaraya Nagar Head Post Office, Chidambaram said that Rs 4,909 crore had been allocated for the IT modernisation of Department of Posts in the interim budget for 2014-15.
Post offices in Darjeeling, Kurseong, Kalimpong, Siliguri, Gangtok and Jalpaiguri have been earmarked for the purpose.
You can soon say goodbye to long queues to book rail tickets - just head to the nearest post office to get your rail reservations done.
Pressing his party's demand for employment to 'sons of soil', Maharashtra Navnirman Sena chief Raj Thackeray has warned the post master general to give priority to locals for the post office jobs or else cancel the recruitment procedure.
Millions of small savers and PPF account holders will earn less on their post office savings schemes, with the government deciding to reduce interest rates on them marginally by 0.10 per cent.
The government on Wednesday ruled out privatisation of postal services but said franchising post office facilities was an option that the department will pursue in future to expand the postal network.
There are over five lakh villages in the country which do not have post offices, the government said.
A gunman has taken at least two people hostage in post office northwest of Paris, French media reported.
Union minister of state for communications and IT, Gurudas Kamat, launched the railway reservation system for providing tickets at four post offices in Mumbai on Monday.
Passengers can now buy reserved tickets from 5,000 post offices, Railway Minister Mamata Banerjee said presenting the Railway Budget on Friday.
The government has withdrawn the facility for tax payers to submit income tax returns through post offices, which was introduced last year, and assessees must file returns by July 31.
The income tax department is planning to withdraw a facility introduced last year for filing tax returns at around 2,000 post offices, owing to incomplete and inaccurate returns. Nearly 350,000 returns were filed through post offices last year.
The Reserve Bank of India (RBI) on Thursday said 97.76 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,961 crore worth of the withdrawn notes are still with the public. On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation.
The government opened the country's first all-women post office in New Delhi and announced plans to open more such branches completely operated by women employees.
Income tax returns filed through post offices would be processed and refunds, if any, would also be settled, the IT department said on Wednesday.
The World Gold Council initiates micro-finance scheme to promote investments by low-income groups.
The bidding started at the suggested minimum bid of $300,000.
"We have a stake (in judges' appointments) and we will continue to pursue that stake in consultation with the Supreme Court and the high courts to expedite the appointments," Law Minister Ravi Shankar Prasad said on his first day in office.
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