Can Department of Post be privatized?

Under the present disinvestment policy of the government there is no possibility of privatisation of postal department. The serv- ices of this department come under social responsibilities and not under commercial services. Private sector is attracted more where the work involved is of commercial nature.

Is Post Office Privatised in India?

New Delhi, Mar 13: Government today ruled out in the Rajya Sabha privatisation of postal services in the country. Rajya Sabha privatisation of postal services in the country. the question hour.

What should not be privatised?

Information should not be privatized. It should be accessible to all. The means of distributing it should be in many hands — profit, nonprofit, community, government. Life-and-death services should not be privatized.

Will India Post be privatised Quora?

They are service oriented departments not for making profit. It is supported in Govt Budget. No sir, Indian Post should never be privatised. You have to tour remote parts of India and every where in the country how critical this service has become in our lives.

Will India Post be Privatised Quora?

Is Post Office Public or private?

The Post Office is a limited company owned entirely by the government.

Does Privatisation lead to unemployment?

Following workers employed in 339 privatized firms in Sweden, another study provides evidence that privatization has no effect on wages, while it leads to an increase in the incidence and duration of unemployment.

Will Privatisation leads to less corruption?

There is no such claim and guarantee that privatization leads to less corruption, because the corruption does exist in the private companies too. Also, the cost of the products increases by this privatization.

Can BPM take leave?

(vi) Sundays/Postal holidays can be prefixed/suffixed to emergency leave. (vii) Prior sanction from Divisional Office for (BPM) or Sub Divisional Office, Sr PM / PM for (ABPM / Dak Sevak) is required. (ix) Emergency leave will not be granted to GDS who are under put off duty.

When was the UK Post Office Privatised?

The privatisation of Royal Mail in 2014 was the most ambitious privatisation since that of the railways in 1994.

Is the post office for profit?

The U.S. Postal Service reported Tuesday that it swung to a fiscal first-quarter profit while revenue rose 11\%, as a record 1.1 billion packages were delivered during the holiday season. Net income for the quarter to Dec. 31 was $318 million, after a loss of $748 million in the year-ago period.

When was the post office Privatised?

What is wrong with India Post?

Like all other state-run entities, India Post is also plagued by high operating costs and compensation to employees. Salaries of the employees have been rising due to implementation of many central pay panel awards.

Should India Post transform into a bank branch?

Once this is done, India Post’s 15 lakh postal outlets can transform into bank branches, and thereby expand their outreach and impact. As per the suggestions put forth, India Post and Rural Regional Banks across India will be merged, and will become part of a holding company, which will be controlled by Govt.

Can India Post become India’s 2nd biggest bank after SBI?

NITI Aayog has made another very critical suggestion: Merge India Post with regional rural banks or RRBs, and thereby created India’s 2nd biggest bank after SBI. Once this is done, India Post’s 15 lakh postal outlets can transform into bank branches, and thereby expand their outreach and impact.

What is NITI Aayog’s plan to privatize PSU banks?

Policy think tank NITI Aayog has asked Govt to sell three PSU banks as part of privatization push, and merge India Post with rural banks to create India’s 2nd biggest network of Govt bank after SBI. How will this happen? And how will this impact you, as the end-user? Keep reading to find out more!