India Post Office (Amendment) Bill to be taken up in monsoon session

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New Delhi, May 5 (UNI) The government today said the India Post Office (Amendment) Bill is still under examination and is likely to be introduced in the monsoon session of Parliament.

''The India Post Office (Amendment) Bill is still under examination and is likely to be introduced in the monsoon session of Parliament. It is still under formulation stage and has not yet been put up to the Cabinet for final decision,'' Minister of State for Communications and Information Technology Jyotiraditya Scindia said in a written reply to the Lok Sabha.

The Minister also informed that 16 new post offices and one telecom centre were opened in the country in the last three years.

Mr Scindia said the Department of Posts is also providing various services other than postal services like setting up a pilot project for extending disbursement of micro credit to self-help groups, distributing financial instruments like mutual funds and non-life products, etc.

The government has also set up Postal Finance Mart (PFM) to offer financial products and services in a fully computerised environment.

''During the 10th Five Year Plan, 313 PFMs were set up. An expenditure (outlay) of Rs 12.41 crore was incurred for setting these up,'' he said.

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