Latest news with #DepartmentofPost
Business Standard
01-08-2025
- Business
- Business Standard
NBCC Inks MoU with Department of Post for land redevelopment across India
NBCC (India) has announced the signing of a landmark Memorandum of Understanding (MoU) with the Department of Post, Government of India, for the development of various land parcels across the country. According to an exchange filing, the agreement was formalized on 30 July 2025. Under the arrangement, NBCC will execute the projects using its self-sustainable redevelopment model. As part of the engagement, the company will serve as the Project Management and Marketing Consultant to ensure the optimal monetization of postal land assets. The value of individual projects will be assessed and disclosed on a case-by-case basis, NBCC stated in the regulatory filing. NBCC (India) is in business and operates in three major segments, namely project management consultancy, real estate, and engineering procurement & construction. The company's consolidated net profit advanced 29.27% to Rs 175.92 crore on a 16.17% rise in revenue from operations to Rs 4,642.55 crore in Q4 FY25 over Q4 FY24. Shares of NBCC (India) rose 0.28% to Rs 108.45 on the BSE.
Business Standard
31-07-2025
- Business
- Business Standard
NBCC signs MoU with Department of Post, Govt. of India
NBCC (India) announced that a Memorandum of Understanding (MoU) was signed between NBCC (India) and Department of Post of the Government of India on 30 July 2025 for development of various land parcels on PAN India basis on NBCC's redevelopment self sustainable mode. The project value shall be ascertained and informed on case-to-case basis. NBCC will serve as the Project Management and Marketing Consultant for optimum monetization.
Time of India
22-07-2025
- Time of India
Postal dept ex-official gets 2-yr RI, fined Rs1.1L for cheating govt
Patna: The Central Bureau of Investigation (CBI) court in Patna on Tuesday sentenced Lohra Bhagat, a former senior accountant in the Department of Post in Patna, to two years' rigorous imprisonment with a fine of Rs 1.1 lakh for "cheating" both the central and state governments. Bhagat, despite being posted as a senior accountant in the in office of the director of accounts in Patna postal department during 2010-2013, used a forged name, Lalit Bhagat, to get another job of the deputy chairman of Bihar State Scheduled Tribe Commission. An FIR was registered by the CBI on March 31, 2014, against Bhagat, who enjoyed both the posts, and received salaries from both the departments. The CBI had filed a charge sheet on March 31, 2015. During investigation, it was found that Lohra and Lalit Bhagat are one and the same person. He worked as senior accountant in the Department of Post as well as the deputy chairman in the Bihar State Scheduled Tribe Commission between July 2010 and July 2011 simultaneously and drew salary of Rs 3,41,444 per month from the Govt of India, and Rs 14,87,591 and other miscellaneous expenses like leased vehicle of Rs 32,850 monthly from the state govt.
Time of India
27-06-2025
- Business
- Time of India
Post offices across India to start accepting digital payments from August
Post offices across India will start accepting digital payments at counters from August after completing the rollout of a new application in their IT system, official sources said. Post offices have not been able to accept digital payments as they don't have their accounts synced with UPI (unique payment interface) system. "The Department of Posts is implementing its IT infrastructure which will have new applications that are enabled to perform transactions with Dynamic QR Code. Rollout will be completed at all post offices by August 2025," an official source told PTI. Pilot rollout of the new system under IT 2.0 has been started in the Karnataka circle. QR-based booking of mail products was successfully carried out at the Mysore head office (HO), Bagalkot HO and its subordinate offices. Initially, the Department of Post had introduced static QR code at the point of sale counters at the post offices to enable digital transactions. Live Events However, due to recurring technical difficulties and customer complaints, this approach had to be discontinued.
The Hindu
21-06-2025
- Business
- The Hindu
India Post helps transform geolocation with DIGIPIN
More than 50 years after six-digit Postal Index Number revolutionised mail delivery in India, the Department of Post has rolled out a 10-digit alpha numeric Digital Postal Index Number (DIGIPIN). 'The DIGIPIN is like online maps but only more accurate. Its geolocation is accurate up to 4 metres as it generates latitude and longitude. While the PIN code covered a large area (average area of around 170 sq. km per Pincode), the DIGIPIN narrows it down to a narrow grid,' Chief Post Master of General Post Office, Hyderabad Circle, Y. Prasad explained. The 10- digit alpha-numeric code represents geographic coordinates, developed by creating a uniform 4x4 metre grid of the country. The DIGIPIN is a collaborative effort of India Post, Indian Institute of Technology Hyderabad, National Remote Sensing Centre and Indian Space Research Organisation. 'The PIN code was used for sorting mail. But its usage was limited as many people did not care to write it down and much of the addressing and delivery was down to local knowledge and information. The DIGIPIN is a machine-readable code that can help mail delivery even when drones will be deployed for the purpose,' said Mr. Prasad. With enhanced location accuracy, DIGIPIN is expected to be very useful during emergencies as it can generate precise geographic coordinates ensuring faster response times. However, as the DIGIPIN is a latitude and longitude based grid its use for multi-storeyed building complexes in urban areas is likely to be a challenge. The DIGIPIN is part of the IT 2.0 rollout of the India Post where it will be integrated with mobile devices provided to the staff for carrying out online postal, financial and insurance transactions. In the pipeline is a digital address layer, similar to the UPI ID, which has helped eliminate the recall and use of banking information. The digital address is expected to allow users to generate unique and customised labels (such as username@domain) to represent their DIGIPIN and descriptive addresses and manage this information. Interestingly, the 4 X 4 grid of India encompasses areas in neighbouring countries of Pakistan, Myanmar and Bangladesh and generates the DIGIPIN for areas in those countries as well.
