PM likely to approve India Post revival plan
Written By Admin on January 8, 2015 | Thursday, January 08, 2015
Task Force proposes to divide India Post into five biz verticals
New Delhi, January 6:
Official sources said that Minister for Communications and Information
Technology Ravi Shankar Prasad has approved the task force report and
will submit it to the prime minister for a review.
The task force had submitted its report to Prasad in December,
recommending division of India Post into five verticals, including one
each for banking, insurance and e-commerce, with India Post being the
holding company.
“The minister is expected to meet the prime minister on Wednesday for an
in-principle approval. The task force has highlighted priority areas,
which would give a fillip to our postal department,” an official told
BusinessLine.
The Centre is also investing ₹5,000 crore for IT modernisation in India Post.
He said priority tasks include providing banking and insurance services
to the public and making e-commerce companies such as Amazon, Flipkart
and Snapdeal use India Post’s services.
“The main purpose is to utilise the network in line with the Prime
Minister’s vision of reaching rural areas for financial services through
innovation and digital connectivity instead of mere postal services,”
the official added.
The task force, chaired by former Cabinet Secretary TSR Subramanian, was set up by the Prime Minister last year.
The idea was to leverage India Post’s wide reach across India.
Snapdeal has already partnered with India Post to work on bringing
thousands of weavers and artisans from Varanasi on its website. The
online company has launched a pilot with India Post to set up
facilitation desks at Varanasi post offices to enable local weavers to
sell their products on its platform.
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