Thursday, February 20, 2014

Revenue of Postal Department

Dear Comrades,

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)
Net expenditure
2013-14 (up to Dec` 2013)
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
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