Post forward


I had earlier written about the plight of the post office and the need for the department to reinvent itself.

Apparently, they’re trying

The department of post, dependent on the government’s financial assistance for running the world’s largest postal network, has circulated a cabinet note seeking permission to develop its real estate assets with the help of private players to shore up its sagging revenues.

However,

The plan, however, is unlikely to have a smooth run. It may face procedural bottlenecks faced by similar attempts by other departments like the Indian Railways.

Meanwhile, they’re likely to make losses of Rs 3500 Cr on revenues of Rs 7,000 Cr this year.

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