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Reforms an ongoing process in India: Jaitley

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Singapore: Pointing out that reforms were an ongoing process in the development of the nation, Finance Minister Arun Jaitley on Friday said the Indian government has several legislations in the pipeline that would be pursued in the next few years.

“The bankruptcy code is ready while changes to the arbitration laws and several other legislations are in the pipeline… for the next few years, we have our agenda full; reforms are an ongoing process,” Jaitley told investors at an event here.

Photo credit: thehindu.com
Photo credit: thehindu.com

Jaitley was on a visit here to attend The Singapore Summit, an annual investment event organised by the Singapore government with participation from various Asian countries.

The finance minister said legislation that could be taken in money bill form would be pursued.

A money bill is important as it cannot be blocked by India’s upper house, the Rajya Sabha, where the NDA government lacks a majority, which has stymied attempts to carry forward legislation on land acquisition and the goods and services tax.

Assuring the investors present that the Narendra Modi government would continue to make India an attractive investment destination, he said the country was no longer suffering from policy paralysis and an uncertain taxation regime, while India’s states were vying with each other to attract investment.

At an event held in New Delhi on Thursday, Jaitley said that with the stated objective of ease of doing business, all tax disputes would be put to rest, adding that this was a “work in progress” along with steps to make it easier to do business in India.

“Since May 2014, a number of tax disputes have been put to rest since the Bharatiya Janata Party-led government took office,” he said at an economic summit organised by Ficci’s International Chamber of Commerce.

“We are trying over the next few days itself (to look at pending disputes) so that many others can be put to sleep – either by a judicial resolution or some executive resolution,” the minister added.

(IANS)

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India Post Partners TCS to Modernize its Services

It supports the HR needs of over 500,000 employees, services over 40,000 concurrent users and processes over three million postal transactions a day

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The cyber security lab was inaugurated at the Shanmugha Arts, Science, Technology and Research Academy. IANS

India Post has partnered with IT services firm Tata Consultancy Services (TCS) to become a multi-service digital hub, modernize the delivery of mail and packages, enhance customer experience and launch innovative services.

TCS on Monday said it has implemented its Point of Sale (PoS) solution across 24,000 post offices with over 80,000 PoS terminals, making this among the largest such implementations in the world.

Additionally, it has built a web portal with consignment tracking capabilities and set up a multi-lingual call centre for customer support, the company added.

To enable India Post to benefit from the burgeoning e-commerce opportunity, while fulfilling a vital social obligation, the web portal has an e-marketplace to help rural artisans, self-help groups and women entrepreneurs reach out to buyers throughout the country.

“In a digital era, postal services across the world are reinventing themselves to stay relevant to a new generation,” Debashis Ghosh, Business Group Head – Public Services, TCS, said in a statement.

Tata Consultancy Services, Vadapalani
Tata Consultancy Services, Vadapalani. (Wikimedia Commons)

“We are proud to have partnered with the Department of Posts in this pioneering, mission mode initiative to build a world class, future-ready digital platform that the nation can be proud of,” Ghosh added.

At the heart of this transformation is the Core System Integration (CSI) programme designed and implemented by TCS, the company said.

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This involved deploying an integrated Enterprise resource planning (ERP) solution that caters to mail operations, finance and accounting, and HR functions, and connects its vast network of more than 150,000 post offices.

It supports the HR needs of over 500,000 employees, services over 40,000 concurrent users and processes over three million postal transactions a day, TCS said. (IANS)