Scindia aims to make postal dept profitable by 2029, seeks funds from FM
1 week, 4 days ago

Scindia aims to make postal dept profitable by 2029, seeks funds from FM

Live Mint  

New Delhi, Dec 28 Union Communications Minister Jyotiraditya Scindia has sought funds from Finance Minister Nirmala Sitharaman for the Department of Posts to make it profitable by 2029, according to official sources. He and his team at the Department of Posts presented their capital expenditure demands to the FM on Friday to make the Department a profit centre by 2029," an official source said. Another official said the postal department officers presented their capital expenditure demands to make India Post a profit-making logistics company with Scindia emphasising that the department aims to achieve higher customer acquisition, customer retention and operational efficiency. Scindia in six months of taking charge of the department in 2024, asked the India Post team to get exposure to international best practices and come up with innovative strategies for the department.

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Jyotiraditya Scindia and FM Sitharaman discuss plans to transform India Post into profitable logistics company
1 week, 4 days ago

Jyotiraditya Scindia and FM Sitharaman discuss plans to transform India Post into profitable logistics company

Live Mint  

New Delhi, December 28 : Union Minister Jyotiraditya Scindia on Saturday held a meeting with Finance Minister Nirmala Sitharaman in New Delhi to discuss India Post's path to profitability. Scindia and his team at the Department of Posts presented their capital expenditure demands to the finance minister to make the department a profit centre by 2029, according to a press …

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