March 17, 2012

Postal dept deficit may dip 16% to Rs 5,309 cr: Survey

Postal dept deficit may dip 16% to Rs 5,309 cr: Survey


The efforts of the Government to revive the Department of Posts (DoP) seems to
 be bearing fruit as its deficit is likely to come down by over 16 per cent to
Rs 5,309.6 crore in 2011-12, the Economic Survey 2011-12 today said.

“In the current year 2011-12 (Budget Estimates), the gross receipts were
 budgeted at Rs 7,517.7 crore and with gross and net working expenses
estimated at Rs 13,522.4 crore and Rs 12,827.3 crore respectively,
 with the deficit estimated at Rs 5,309.6 crore,”
 the survey said.

The gross receipts of the DoP in 2010-11 were placed at Rs 6,962.3 crore
 whereas the gross and net working expenses were Rs 13,793.7 crore and
 Rs 13,307.9 crore respectively.

The resultant deficit for 2010-11 stood at Rs 6,345.6 crore, the survey said.

It added that the postal sector needs to keep pace with changing
times as many of its services have become redundant with growth in
technology and takeover by other players.

“Quick decisions and actions to stay abreast of the times, including switching
 over to new activities and downsizing, could release a lot of resources from
this sector for use elsewhere,” the survey said.
The Government has approved a total Plan outlay of Rs 1,877.2
 crore for the modernisation of its IT infrastructure to increase the efficiency
 of the department.

“The project is intended for computerisation of all the non-computerised
 post offices, mail offices, administrative and other offices, establishment of
 IT infrastructure and development of required software applications...
The project is expected to be rolled out by 2013,” the survey said.

The DoP has the largest postal network in the world with 1,54,866 post
offices across India as of March 2011. Of these, 1,39,040 post offices are
in rural areas, while the remaining are in urban areas.
Aimed at transforming the infrastructure, the Government had launched
Project Arrow in 2008 for upgrading key postal operations such as mail delivery,
remittance, and banking services.
India Post now offers a single window facility for banking, money remittances
 and other financial products.

The DoP is also responsible for disbursing wages under the Mahatma
 Gandhi National Rural Employment Guarantee Act (MGNREGA) through 96,895
 post offices.

The postal network is also being used by other Government agencies to
 collect data like the rural consumer price index, the survey said. 

the hindu, aipeukoraputdivision,SAPARAVUR,DHEERU24K

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