India Post needs to overhaul its services and become more efficient than private couriers. When it reaches such a stage, private banks will then approach the government to seek permission to open branches attached to India Post offices
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
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Noone is talking about the process of recruitment.. Everyone knows bansal made a mistake,, and they want to bury him as soon as possible and ge someone else to do the AUCTION... Yes.. Thats what it is.. Auction of jobs.. To corrupt, by the corrupt, for the corrupt.. Hail the great Indian democracy..
The India Post at present is sitting on very valuable real estate in the heart of the city and in remote nooks and corners of India. It has an army of employees.
P&T has been in the business of deposit and to an extent postal insurance for long. Thankfully scam-free so far.
India Post should be allowed banking licence limited to deposits and possibly loans there against. No lending whatsoever.
Any way they are in it at present and they do have an outreach, infrastructure and experienced manpower.
Regretably, they do not have the knowledge, trained manpower (or womanpower) to convert a section of their operation to function as a bank, though, they do take or delivery moneyorders and the like.
Sadly, we must accept and admit that private enterprise is more dynamic to meet the growing needs than any government setup.
In the long run, 10/15 years from now, I anticipate that except for printing stamps, rest of the operations will be done by private bodies, who will provide an efficient system at less cost than it is today.
“In the long run, 10/15 years from now, I anticipate that except for printing stamps, rest of the operations will be done by private bodies, who will provide an efficient system at less cost than it is today.”
But, for a different reason. The mass massacre of public sector organisations that is going on today, will lead to this position.