Sale of Postal Stamps Decreased in India

India-post-logo The total revenue earned by Department of Posts   (DoP) has grown over 11 per cent to about Rs 12,940 crore in 2015-16, Parliament was informed today.

DoP earned revenue of Rs 10,730.42 crore in 2013-14, which grew to Rs 11,635.98 crore in 2014-15 and further to Rs 12,939.79 crore in 2015-16, Communications Minister Manoj  Sinha said in a written reply to Rajya Sabha.

Besides providing purely postal services, post offices perform agency functions like Saving Bank, payment of pension, sale of Cash Certificates etc on behalf of other ministries/ departments, he said adding that the revenue earned is classified under five major heads.

“There is an increasing trend in revenue in three major heads — postage realised in cash from speed post, registry, business post, parcels etc; commission from  Savings Bank; and other major receipts,” he said.

There is a decline in two heads of revenue — sale of stamps and commission on money orders and Indian Postal Orders etc, he added.

Revenue from sale of stamps declined from Rs 670.67 crore in 2013-14 to Rs 576.18 crore in 2014-15 and further fell to Rs 441.75 crore in 2015-16.Similarly, commission from money orders and Indian postal orders reduced to Rs 464.84 crore in 2015-16 from Rs 641.98 crore in 2014-15.

Also, about 1,000 ATMs are proposed to be established to facilitate the customers of post office saving bank, he said. (PTI)

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3 Responses to Sale of Postal Stamps Decreased in India

  1. Hemant Kulkarni says:

    This has been a general trend across the world -thanks to internet messaging, its speed and reliability. In general, commemorative stamps issued by IPS have been unatractive (barring few exceptions) and to many per year. The attempt to generate additional revenue by issuing SPECIAL COVERS and CANCELLATIONS is laughed in the world of Philately outside of India. It is shear waste of money and no Indian seem to come forward and educate fellow Philatelists about this fact. Try to submit such BRAUTIES in a competitive exhibition and it will the first thing that will get tossed out because such special covers do not abide by rules that are actually specific and decades old and still strictly followed. These covers have practically zero value and on the top the buyer has paid a premium to buy them. What a shear waste of money. To display them with pride on this blog is diplorable and At least editors of this blog should stop showing them here!

  2. atishkumar jain says:

    will decrease further….thanks to e post and planning division of philately.

    • Hemant Kulkarni, USA says:

      Way to go IPS in an environment where showing an increasing profit per year by any branch of the government should be considered commendable!

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