During Good Governance Day conference Union Minister for Communications and IT Ravi Shankar Prasad announced that India Post Payment Bank will start operations in March 2017.
The Reserve Bank of India had granted in-principle approval to 11 applicants, including Postal Department, in August to set up payments banks.
World Bank, Barclays, Deutsche Bank and ICICI Bank, have expressed interest to form partnership with India Post.
Highlights of initiatives:
- Launch of a National Centre of Geo-Informatics, a platform for sharing and collaborating GIS data source that will aid central and state governments in planning, decision-making and electronic delivery of services.
- A mobile application for Digital Locker
- MTNL will now offer free roaming to its customers from January 1.
- Broadband limit has been increased to 2 mbps from 512 kbps, mobile towers will be set up in Naxal-affected areas in Madhya Pradesh and Uttar Pradesh.
Key points:
- JS Deepak, secretary of the department of electronics and IT (DEITY)
- Ajay Kumar, additional secretary at DEITY
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