India, Feb. 1 -- To boost the rural economy, India Post will be transformed into a major public logistics organisation, finance minister Nirmala Sitharaman said while presenting the Union Budget 2025-26 (FY26).

"India Post, with its 1.5 lakh rural post offices, complemented by the India Post Payments Bank and a vast network of 2.4 Lakh Dak Sevaks, will be repositioned to act as a catalyst for the rural economy," Sitharaman said.

Last year, the finance minister announced the establishment of over 100 branches of India Post Payments Bank (IPBB) in Northeast India. Additionally, Union telecom minister Jyotiraditya Scindia stated that the government aims to transform India Post into a logistics company and increase the department's revenue ...