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The Indian Post Office Act (1898) requires Parliament nod for modification of fees charged for all services provided by postal establishments. The Post Office Bill (2023) provides necessary flexibility to the postal department in determining the prices of its services within a highly competitive domestic courier industry and facilitates prompt responsiveness to dynamic market demands.
Since India became independent in 1947, the postal service continues to function on a nationwide basis, providing a variety of services. The structure of the organization has the directorate at its apex; below it are circle offices, regional offices, the superintendent's offices, head post offices, sub-post offices and branch offices.
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
India Post Payments Bank, abbreviated as IPPB, is a division of India Post that is under the ownership of the Department of Post, a department under the Ministry of Communications of the Government of India. Opened in 2018, as of March 2024, the bank has more than 90 million customers.
Chennai General Post Office (GPO) is located on Rajaji Salai at Parry's Corner, Chennai. It functions in a building built in 1884. It functions in a building built in 1884. It is located opposite to the Chennai Beach suburban railway station.
The Post Office Act, 2023 is an act of the Parliament of India to consolidate and amend the law relating to Post Office in India along with expansion and modernization of its services. The Bill also replaces The Indian Post Office Act of 1898. [1] [2] [3] [4]
Post Office Passport Seva Kendra (lit. ' Post Office Passport Service Center ') abbreviated as POPSK is an Indian government initiative by the Ministry of External Affairs (India) (MEA) and the Department of Posts (DoP), [1] where the Head Post Offices (HPO) and post offices is being utilized as Post Office Passport Seva Kendra (POPSK) for delivery of passport related services to the citizens ...
Ekart logistics or Ekart courier is an Indian courier delivery services company, headquartered in Bangalore, Karnataka. [1] [4] A subsidiary of electronic commerce company Flipkart Pvt. Ltd., it is run by Instakart services Pvt. Ltd. [5] [6]