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<h1>Finance Act 1974 amends postal rates: letters at 25p, letter-cards at 20p, parcels at 1.50 for 500g.</h1> The amendment to the Indian Post Office Act, 1898, as outlined in the Finance Act, 1974, revises postal rates in the First Schedule. For letters, the rate is set at 25 paise for the first 15 grams and 15 paise for each additional 15 grams. Letter-cards are priced at 20 paise, while single post cards and reply post cards are priced at 15 paise and 30 paise, respectively. Parcel rates are adjusted to one rupee and fifty paise for the first 500 grams and the same rate for each additional 500 grams.