Pemmasani bats for digital capabilities to transform India Post
Chandra Sekhar Pemmasani
Wednesday said that
India Post
's unparalleled physical presence must be complemented by advanced digital capabilities for the transformation of services to serve 1.4 billion Indians.
'India Post's unmatched physical footprint must now be complemented by cutting-edge digital capabilities. This transformation is about scale, speed, and service for every Indian—from the remotest village to the busiest metropolitan area,' Pemmasani said.
On Tuesday, the minister undertook a strategic review, as part of Centre's broader reform agenda, and visited the mail and parcel operations and business strategy divisions of the Department of Posts.
This initiative, according to the department, would aim to reposition India Post as a technology-driven, citizen-centric
logistics and e-commerce
enabler.
India Post is currently undergoing a comprehensive, technology-driven transformation under the IT 2.0 framework. The initiative is part of a strategic roadmap aimed at positioning India Post as a strong competitor in the logistics industry, especially in the rapidly expanding e-commerce parcel delivery sector.
Pemmasani also reviewed the upgrades designed to introduce real-time track and trace capabilities, customised services for bulk customers, electronic proof of delivery, OTP-based authentication, digital payments, and open API integration.
'These enhancements must enable India Post to offer seamless, end-to-end logistics services comparable to those of leading market players,' he said, adding that there is a need for the reinvention of India's oldest delivery service to meet the demands of a new era by leveraging technology-enabled services.
More than 86,000 post offices are currently using the new application. By August 4, 2025, the entire network of nearly 165,000 post offices would be migrated to the new platform, the department said in a statement.
In line with industry best practices, the India Post has introduced a centralized delivery for all categories of mail and parcels by setting up dedicated delivery centres that consolidate the service areas of existing post offices. A total of 344 delivery centres have been launched nationwide under Phase 1.
The Open Network for Digital Commerce (ONDC) will enable wallet-based prepaid bookings, centralized order tracking, and automated reconciliation with ONDC's accounting systems, the officials said.
Through its collaboration with the Government e-Marketplace (GeM), India Post will provide API-driven automated pricing and centralized dashboards for payment tracking and cash-on-delivery (COD) settlements, the statement added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
20 minutes ago
- Business Standard
Indian refiners stop buying Russian crude amid Trump threat, low discounts
India's state-run oil refiners have stopped purchase of Russian crude over the past week as price discounts narrowed and pressure intensified from US President Donald Trump, Reuters reported citing industry sources. Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), and Mangalore Refinery and Petrochemicals Ltd (MRPL) have not placed new orders for Russian crude recently. Why Indian oil PSUs halted Russian purchases? According to Reuters, the suspension follows a drop in discounts on Russian crude to their lowest levels since 2022, undermining the economic case for continued imports. The pullback comes as Russian exports shrink and demand remains steady, squeezing discounts that were earlier driven by Western sanctions following Moscow's invasion of Ukraine. The decision also comes amid escalating geopolitical pressure. On July 14, US President Donald Trump threatened to impose 100 per cent tariffs on countries buying oil from Russia unless Moscow agrees to a comprehensive peace deal with Ukraine. With economic and strategic factors aligning, Indian state-run refiners, which typically buy Russian crude on a delivered basis, are now sourcing alternatives from the spot market. These include Middle Eastern grades like Abu Dhabi's Murban crude and West African supplies. Russia's role in India's energy imports India, the world's third-largest oil importer, has emerged as the biggest buyer of seaborne Russian crude in recent months. Russia accounts for roughly 35 per cent of India's total crude oil supplies and remains a critical revenue source for Moscow as the war in Ukraine enters its fourth year. In the first half of 2025, private refiners purchased nearly 60 per cent of India's average 1.8 million barrels per day (bpd) of Russian oil imports, reported Reuters. State-run refiners, which control over 60 per cent of the country's 5.2 million bpd refining capacity, procured the remainder. Trump imposes 25% tariffs on Indian goods In a separate development, Trump on Wednesday announced a 25 per cent tariff on all goods imported from India starting August 1. While he noted that negotiations with India were ongoing, he also warned of further penalties related to Indian purchases of Russian energy and military equipment. Adding to the pressure, Trump on Monday shortened the deadline for secondary sanctions on buyers of Russian exports to 10–12 days, down from the previous 50-day grace period. The reduced timeline will apply if Moscow fails to reach a peace agreement with Ukraine. US sanctions six Indian cos over Iranian oil trade The US State Department on Wednesday sanctioned six Indian companies for allegedly trading in Iranian petroleum and petrochemical products. The move is part of a broader enforcement action targeting 20 entities globally and reflects Washington's continuing crackdown on violations of its sanctions regime against Iran.
&w=3840&q=100)
Business Standard
20 minutes ago
- Business Standard
Shah to move resolution in RS for extension of President's rule in Manipur
Rajya Sabha is set to take up significant legislative and procedural business, including a statutory resolution seeking the extension of President's Rule in Manipur and the consideration of the Carriage of Goods by Sea Bill, 2025. Union Home Minister Amit Shah will move a resolution for approval of the continuance in force of the Proclamation dated February 13, 2025, in respect of Manipur, issued under Article 356 of the Constitution by the President, for a further period of six months with effect from August 13, 2025, according to the List of Business issued by the Rajya Sabha. The President's rule was imposed in Manipur on February 13, days after N Biren Singh resigned from the Chief Minister's position. Rajya Sabha will also take up the further consideration for the passing of the Carriage of Goods by Sea Bill, 2025, moved by Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal on July 23. The Bill, which has already been passed by the Lok Sabha, seeks to provide for the responsibilities, liabilities, rights and immunities of carriers in relation to the carriage of goods by sea, and for matters connected therewith. Additionally, Union Minister Chandra Sekhar Pemmasani and Ravneet Singh are expected to make statements regarding the status of implementation of recommendations made by various Parliamentary Committees, particularly in departments of Rural Development and Railways. Union Minister L Murugan will make a statement regarding the government business for the coming week, according to the list of business. Meanwhile, in Lok Sabha, Union Law Minister Arjun Ram Meghwal moved the Readjustment of Representation of Scheduled Tribes in Assembly Constituencies of the State of Goa Bill, 2024, for further consideration and passing. Additionally, Sarbananda Sonowal will move the Merchant Shipping Bill, 2024, to update and unify existing law to align with international maritime treaties. Both Houses of Parliament have witnessed heated exchanges and adjournments during the initial days of the Monsoon Session, but are expected to proceed with key legislative business today. The session is scheduled to continue until August 21.
Business Standard
20 minutes ago
- Business Standard
Market drop in early trade; breadth positive
Domestic equity benchmarks opened with modest losses on Friday, weighed down by global trade concerns after the United States imposed steep tariffs on several key trade partners and reaffirmed a 25% import duty on Indian goods. The Nifty traded below the 24,700 level. Pharma, metal and IT shares corrected, while FMCG and media shares advanced. At 09:30 IST, the barometer index, the S&P BSE Sensex declined 263.46 points or 0.32% to 80,922.12. The Nifty 50 index lost 77.10 points or 0.28% to 24,691.25. In the broader market, the S&P BSE Mid-Cap index slipped 0.34% and the S&P BSE Small-Cap index shed 0.02%. The market breadth was positive. On the BSE 1,756 shares rose and 1,182 shares fell. A total of 134 shares were unchanged. Foreign portfolio investors (FPIs) sold shares worth Rs 5,588.91 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 6,372.71 crore in the Indian equity market on 31 July 2025, provisional data showed. Stocks in Spotlight: Swiggy slipped 3.23% after the company reported consolidated net loss of Rs 1,197 crore in Q1 FY26 compared with net loss of Rs 606 crore in Q1 FY25. Revenue from operations jumped 53.97% YoY to Rs 4,961 crore in Q1 June 2025. Restaurant Brands Asia advanced 2.97% after the companys consolidated net loss narrowed to Rs 419.38 crore in Q1 FY26 compared with net loss of Rs 493.60 crore in Q1 FY25. Revenue from operations increased 7.89% YoY to Rs 697.72 crore during the quarter ended 30th June 2025. Coal India rose 0.54%. The companys consolidated net profit declined 20.19% to Rs 8,734.17 crore in Q1 FY26 compared with Rs 10,943.55 crore in Q1 FY25. Revenue from operations fell 5.39% YoY to Rs 35,482.19 crore in Q1 FY26. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.03% to 6.378 from the previous close of 6.376. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 87.4950 compared with its close of 87.6550 during the previous trading session. MCX Gold futures for 5 August 2025 settlement shed 0.19% to Rs 97,900. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.09% to 99.83. The United States 10-year bond yield gained 0.41% to 4.378. In the commodities market, Brent crude for August 2025 settlement added 13 cents or 0.18% to $71.83 a barrel. Global Markets: Asian markets traded lower on Friday after U.S. President Donald Trump announced sweeping new tariffs on American trading partners, citing trade imbalances and national security concerns. The decision, signed late Thursday, is set to go into effect on 7 August and covers a wide range of goods from 69 countries and the 27-member European Union. Countries facing the highest rates include Syria at 41 percent, Switzerland at 39 percent, Laos and Myanmar at 40 percent, Iraq and Serbia at 35 percent, and Libya and Algeria at 30 percent. Others like Taiwan, India, and Vietnam fall in the 20 to 25 percent range. The European Union reached a deal under which goods with existing duty rates above 15 percent are exempt, while others will see adjusted levies. For countries not listed, a default rate of 10 percent will apply. Meanwhile, Japans unemployment rate was unchanged at 2.5% in June, from the previous month, government data released Friday showed. There were 122 job openings for every 100 job seekers in June, lower than the 124 openings for every 100 job seekers in the previous month. Stocks on Wall Street closed lower on Thursday, with the S&P 500 posting its third consecutive losing session. The broad market index fell 0.37% to settle at 6,339.39, while the Nasdaq Composite edged down 0.03% to 21,122.45. The Dow Jones Industrial Average declined 330.30 points, or 0.74%, closing at 44,130.98.
