Abdali is pleased at the turnout, amidst an ongoing strike by postal staff in the state for higher wages. In the 180-year-old history of the Indian postal system, there have been such instances before, says Abdali - of postmen slowing down. As per a 'Time-Related Continuity Allowance' system, they work for three to five hours a day, and are paid accordingly. The Indian postal system is no longer a mere disburser of mails, Abdali says.
The two countries have inked a pact for a cool box service which will ferry food from Japan to India. Japan invested USD 4.7 billion in India in 2016-17 which is 80 per cent higher than last year. Now, through the partnership of the two postal services, the cool box service is going to be started, so that Japanese people in India can order their food straight from Japan.
India and Japan today inked 15 agreements to further broad-base their strategic partnership and agreed to strengthen cooperation in the Indo-Pacific region where China is increasing its assertiveness. Addressing a joint press event with Shinzo Abe, Prime Minister Modi said Indo-Japan ties were not limited to bilateral or regional spheres. The deal allows Japan to export nuclear technology to India, making it the first non-NPT signatory to have such a deal with Tokyo.
Prime Minister Narendra Modi on Thursday said the bullet train project between Ahmedabad and Mumbai is the lifeline of new India. Thanking his Japanese counterpart Shinzo Abe, Modi said Japan is the third largest investor in India. Modi wholeheartedly welcomed the agreements that were signed between India and Japan on Thursday. The PM said may it be the 'Make in India' drive or 'Skill India' or easy business, the country is indeed moving ahead.
India Post Payments Bank is gearing up to provide its financial services through all of 1.55 lakh post offices and 3 lakh employees by the end of 2018 - which will create India's second-largest payments bank in terms of reach. In the private space, Airtel Payments Bank, launched in January this year, started operations with a network of 2.5 lakh merchants. Paymentsbankscan accept deposits of up to Rs 1 lakh per account from individuals and small businesses.
India and Belarus on Tuesday inked 10 pacts to expand cooperation in a range of areas and decided to explore joint development and manufacturing in the defence sector. Modi said both sides agreed to encourage joint development and manufacturing in the defence sector under the Make in India initiative. India is linked with Belarus under multilateral economic initiatives such as the Eurasian Economic Union and the International North South Transport Corridor.