Dear Comrades,
The well-trusted Indian Postal Department is now willing to set landmarks in the banking sector. In a bid to foray in the sector, it has applied for banking license at the Reserve Bank of India.
The Communications Minister, Mr. Kapil Sibal said, "A national postal policy targeting expansion and modernisation of the postal network would be announced during this year. The Government does not intend to issue licences to courier service companies, but would make it mandatory for them to register."
Through the development the department is expected to equip its gamut of services with modern facilities. The Postal Department will also cater the needs of the common people around the country by proving affordable services under its Universal Service Obligation.
Mr. Sibal also said, "There are tremendous opportunities for the private corporate sector to use its ingenuity to create innovative products and delivery mechanisms through the Indian postal network."
http://www.rupeetimes.com
The well-trusted Indian Postal Department is now willing to set landmarks in the banking sector. In a bid to foray in the sector, it has applied for banking license at the Reserve Bank of India.
The Communications Minister, Mr. Kapil Sibal said, "A national postal policy targeting expansion and modernisation of the postal network would be announced during this year. The Government does not intend to issue licences to courier service companies, but would make it mandatory for them to register."
Through the development the department is expected to equip its gamut of services with modern facilities. The Postal Department will also cater the needs of the common people around the country by proving affordable services under its Universal Service Obligation.
Mr. Sibal also said, "There are tremendous opportunities for the private corporate sector to use its ingenuity to create innovative products and delivery mechanisms through the Indian postal network."
http://www.rupeetimes.com
