Tuesday, February 17, 2009

India Post gets 55% hike in outlay


NEW DELHI, Feb 16 (PTI): The postal sector has got a 55 per cent jump in the outlay for 2009-10 at Rs 620 crore to carry out all-round development and repositioning of India Post through technology induction and entrepreneurial management.

The Budget at a Glance of the UPA Government said 5,000 post offices are targeted for computerisation and networking. Also, 100 more branch offices, along with 50 sub-post offices, would be opened in 2009-10.

The government today announced that it plans to make post offices hub of financial services centres and as a move in that direction it plans to set up 100 financial marts and 500 franchise outlets.

In 2008-09, the revised estimate outlay for the DoP was Rs 400 crore.

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