« Top Headlines » Open DEMAT Account in 24 hrs  How to Change Current Period in Tally Prime Step-by-Step Guide for Users  Global Payroll Management with Tally Prime: How International Businesses Use It Beyond India  How to Manage B2B HSN Codes in Tally Prime: A Complete Guide for Businesses  How to Check Business Revenue in Tally Prime: A Complete Step-by-Step Guide  MSME Payment Rule in Tally Prime: Understanding the Law and Its Impact on Businesses in 2025 The MSME (Micro, Small and Medium Enterprises) Payment Rule is a legal framework introduced under th  Multipurpose Empanelment Form (MEF) 2025 26 Meaning, Purpose, and How to Manage It in Tally Prime  GST Appellate Tribunal (GSTAT) Structure, Powers, and Its Relevance in Tally Prime Implementation  How Tally Prime Supports the Real Estate & Construction Industry in India  Comparison Between Tally Prime 6.1 and Tally Prime 6.2  How Tally Prime Renewal Helps Save My Data  Where to Buy Tally Prime 7.0 at the Best Rates Possible «  Budget no boost, say CAs... Service tax on rent a concern... » KPMG to advise govt on revamp of postal dept March, 05th 2007 The Central government has appointed KPMG as consultants for revamping activities of the Department of Posts, a senior official said here today.    The government is awaiting a report from KPMG. However, one of the recommendations of KPMG is to set up Post Office Banks similar on the lines of Japan, which has been successful, the official said.    But the only hitch, the huge investment needed for starting a bank and a nod from the ministry of finance.    Postal banking has deposits of a whopping Rs 3 lakh crore and the Maharashtra circle has Rs 37,500 crore, the official said.    The amount is given to the Auditor General every month. And then the Central government lends to the state governments at 9 per cent interest for their monthly expenses, she said.    But with falling interest rates, the state governments tend to go for loans from banks than from the Central government, the official said.    The opening up of mutual funds and higher rate of returns from banks has started to affect the post office savings schemes, the official said.    People are withdrawing from our Kisan Vikas Patra and National Savings Certificate because they find the returns from mutual funds and banks attractive than ours, the official said.