HIGH LEVEL PANEL WANTS INDIA POST RESTRUCTRED

LETTER & SPIRIT Move can create 5L jobs, reduce subsidy elements of department: no job will be lost , says IT minister.

In a move that can create 500000 new jobs in next three -five years, a high profile -level committee has advised the department of posts to restructure itself into  six strategic units.

This will also help the department to fully leverage its network across the country.  The report of the task force headed by former cabinet secretary TSR Subranianian was submitted to the minister for communications and information technology Ravi Shankar Prasad on Thursday.

Subramanian also pointed that restructuring was necessary to reduce the subsidy elements. At present, the postal department is subsidising post cards, inland letters and speed posts. The tariff for postal services was last revised in 2002.

“The postal department has a social responsibility that it will fulfil and even with restructurlug not even a single postal employee will lose his/her job,”

Five units Will act as profit centres Prasad said.

The six strategic units are to be divided into five profitable (strategic business unit or SBU)) and one not-for-profit unit.

The five SBUs will act as distributors on a commercial basis for companies such as Flipicart and Amazon.

The not-for-profit unit is for delivery of government services such as Aadhaar, ration cards, voter identif ication cards, Kisan Vikas Patras, etc. on ‘agency basis.

The report has also proposed that each strategic unit should have an independent board to operate commercially as a profit centre. Addressing the media, Subramanian committee has suggested that each of the five SBUs can go for an initial public offer, if the government wishes. The recommendations of the committee cannot be implemented without amending the existing postal law.

Subramanian said that a ‘Post Bank of India’ run professionally could contribute for a financial inclusion of the rural poor as banking and financial services are not available in most of the over 600,000 villages of the country.

(Source Hindustan Times )

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