Bill for revamping India Post soon: Sibal
New Delhi : A bill for revamping the postal department, which
includes opening up some segments to private players, will be introduced in
parliament soon, Communications and IT Minister Kapil Sibal said Thursday.
The bill also aims at registration of couriers by an independent
registration authority, Sibal said while addressing the Economic Editors
Conference here.
The minister added that a detailed project report on the setting
up of a Postal Bank of India will be finalised in the next six months.
"This will enable India Post to extend micro credit and other
loans through vast network of 1.55 lakh post offices, coupled with other financial
services like micro-remittance, micro-insurance and micro-pensions," he
said.
The revamped postal network will boast of over 1.55 lakh
computerised post offices, banking services through post offices with ATM
facility and delivery of banking, insurance and mailing services in rural areas
through hand-held devices.
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