Centre to launch new schemes to reduce postal losses

CHENNAI: The Centre will launch various new schemes to reduce losses incurred by the postal department, Union Minister for Communications and Information Technology, A Raja said.

The postal department would launch beneficial schemes to be competitive, he told reporters on the sidelines of the inauguration of "India National Philatelic Exhibition-Inpex 2008" here today.

A new bill would be introduced in Parliament in the next session to streamline courier services in India which was largely unorganised, he added.

However, he didn't speak on the details of the new schemes to be launched.

The five-day exhibition showcased more than one lakh stamps.

Among the rare stamps on display are the world's first postal stamp 'Penny Black' and the country's first ever stamp alongwith a set of four stamps on Mahatma Gandhi which was printed in Switzerland and issued by the Indian government on the first anniversary of Independence