Dear Comrades,
Source : PIB Release, 19th Feb, 2014
The Revenue generation
of Postal Services in the country is increasing every year, and the targets for
each coming year are raised by the Government. The revenue generated and
expenditure incurred by the Postal Department, during the last three years and
the current year year-wise, are as under:-
(Rs. in crore)
|
Year
|
Net expenditure
|
Revenue
|
|
2010-11
|
13308.0
|
6962.3
|
|
2011-12
|
13705.3
|
7899.4
|
|
2012-13
|
14792.4
|
9366.5
|
|
2013-14
(up to Dec` 2013)
|
12144.1^
|
7733.2
#
|
^ Net expenditure
included estimated recoveries of PLI & RPLI and Inter branch adjustment.
# Revenue figures of
2013-14 (up to December) inclusive of estimated revenue from Savings bank and
certificates.
Giving this information in written reply to a question in the Lok Sabha today, Shri KapilSibal, Minister of Communications and Information Technology, said
that main reason for deficit despite constant increase in revenue is periodical
increase in expenditure on account of Pay and allowances and pension payment
which constitute more than 90 % of the total expenditure of the department.
Unlike other civil ministries pension payments are shown as expenditure of the
department. Other reasons for increase in expenditure are hike in price/cost of
office equipment and machinery/Oil/diesel/Petrol, increase in expenditure on
AMC due to computerization of Post Offices, cost of carriage of mail etc.
Department of Posts provides universal service throughout the country.
Source : PIB Release, 19th Feb, 2014
