Thank God..!!! Finally India Post Is Doing A Good Thing
The Postal Department has bucked up to overcome its big
annual revenue deficit of Rs 6000 by hiking prices of postcards, stamps etc.
The decision comes after Minister of Communications Manoj Sinha held a meeting
to discuss the strategies to bring in the additional Rs 1000 cr revenue every
year.
During the meeting when Sinha was apprised with the fact that
the pricing comes from Finance Ministry, the Communications Minister directed a
committee of ministers to be formed to decide on the hike and the new prices.
According to media news, the new prices of the 25 paise and
50 paise postcards will be 2 rupees, and the price of the Rs 6- printed
postcard to Rs 9 per printed postcard. Similarly, the price of an inland letter
of Rs 2.50 denomination has been proposed to be increased to Rs 9. The price of
India Post’s parcels have also been surged up from Rs 19 per 500 gms to Rs 30
now.
However with the new rates in execution, the Minister did not
forgot to remind the officials about focusing on the time of delivery of the
parcels.
Going by a report of 2015, the Department found out that its
expenses had risen by 262 per cent despite the revision last made in 2001-02
and the prices remaining unchanged.
Also discussed in the meeting was the India Post’s market
share in the parcel market which is a minor Rs 1.5-2.0 lakh crore compared to
other courier majors. India Post is already cashing in on the boom in
e-commerce deliveries, especially the surging cash-on-delivery consignments of
the country’s top online sellers — Amazon,Snapdeal, Flipkart and Myntra. Sinha
asked the officials to come up with a strategy to beat the over priced courier
companies in market in order to shoot up India Post’s shares. All of the
further plans will be discussed in a second meet planned for the next month.