"Make it a Better Please for all-Help Each Other" Thank you for visiting! Please Visit again soon.
IMPORTANT WEBSITE & BLOGS
- BSNL
- DOPT
- Deshabhimani,Malayalam News
- E Filling Income Tax Return E Filling Portal
- GMAIL
- INCOME TAX OF INDIA
- India Post
- Indiavision Live Online TV
- Kerala Chief Minister
- Kerala Kaumudi E-paper
- Kerala Kaumudi Online
- Kerala Kaumudi calander
- Kerala Postal Circle
- Make Money - Google Adsense
- Malayalam Calander
- Malayalam Movie Watch Online
- Manoramaonline
- PTC Mysore
- Raiway Passenger Reservation
- The Hindu News Paper
- Web Directory
- Yahoo
- ePost office
സ്ത്രീകള് എങ്ങിനെ വസ്ത്രം ധരിക്കണം എന്ന് പുരുഷന് നിഷ്ക്കര്ഷിക്കുന്നത് ശരിയോ? അല്ലെങ്കില് തിരിച്ചും?
Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Monday, June 26, 2017
Thursday, September 01, 2016
Saturday, January 16, 2016
Achievements and Success of Department of Posts
Average business provided by major players is as
follows:
Amazon: ~3 Lakh articles per month (peak 6
Lakhs)
Snapdeal : 80000 articles per month
Myntra : 50000 articles per month
Flipkart : 30000 articles per month
Yepme : 60000 articles per month
Parcel Revenue : Rs. 92.35 Crores till Nov 2015
Speed Post revenue : Rs. 1023 Cr till Nov 2015
(~10% eCommerce business)
COD remittances : Total >Rs. 1000 Cr till Dec 15 Profile
of Revenue Stream
(in Rs Crore)
|
|||
Products
|
2013-14
|
2014-15
|
2015-16(Upto Nov)
|
Speed Post
|
1372.2
|
1495.2
|
1023.5
|
Business Post
|
1029.5
|
962.5
|
553.7
|
Bill Mail Post
|
103.0
|
103.6
|
62.4
|
Express Parcel Post
|
77.6
|
64.3
|
38.0
|
Retail Post
|
70.2
|
84.4
|
51.5
|
Sale of Stamps
|
670.7
|
576.2
|
345.7
|
Logistics Post
|
15.3
|
24.4
|
10.7
|
Money Orders
|
606.9
|
632.3
|
331.9
|
Others
|
869.8
|
1023.0
|
415.3
|
Revenue from P.O.
|
4815.2
|
4966.0
|
2832.6
|
SBCC
|
5915.3
|
6670.0
|
5092.5
|
Total Revenue
|
10730.4
|
11636.0
|
7925.1
|
· Revenue Growth
· Speed Post revenue growth in the current FY is
more than 16%. CAG report laid in Parliament on 8th May 2015 highlights that
Speed Post is far better than private couriers, in terms of reach, assured
delivery and delivery time.
– Department has tied-up with more than 400
e-commerce agencies including Flipkart, Snapdeal, Amazon, YepMe, Shopclues etc
for delivering e-Commerce pre-paid as well as Cash on Delivery (CoD) orders.
Amazon is the largest business partner in e-Commerce. Rs 1000 Crore COD
collection by Department of Posts so far and this figure this likely to cross
Rs 1500 Crores by the end of the current FY.
– Parcel revenue which registered 2% decline in
2013-14, registered 37% growth in 2014-15. 117% growth in parcel revenue till
31st October 2015 in the current FY.
· Digital India
– Core Banking Solution (CBS) rolled out in
12441 Post Offices along with 300 ATMs. CBS shall be rolled-out in all 25,000
Departmental POs along with 1000 ATMs by 31st March 2016.
– Core Insurance Solution (CIS) rolled out in
23,792 Post Offices and shall be rolled out in all 25,000 Departmental POs by
31st March 2016.
– Supply of solar powered, biometric hand-held
devices with connectivity to about 20,000 rural Branch Post Offices shall be
completed by 31st March 2016. All 130,000 rural post offices would be provided
with hand-held devices by March 2017.
• Promoting Financial Inclusion
– India Post Payments Bank (IPPB)- RBI has accorded in-principle approval for
setting up of Department of Posts Payments Bank on 7th September 2015. IPPB
shall be set up by March 2017 and shall leverage the physical and IT
infrastructure of the Post office, using low-cost, low-risk, technology based
solutions to extend access to formal banking especially in rural, un-banked and
under-banked areas, including MSMEs, small entrepreneurs, Village Panchayats
& SHGs
– Number of Post Office Savings accounts
increased from 30.86 Crore to 33.60 Crore and total deposits of POSB accounts
and Cash Certificates to Rs 6.5 Lakh Crore.
– More than 80 lakh Sukanya Samriddhi Yojana
accounts opened with a cumulative investment of more than Rs 2900 Crore since
launch on 22nd January 2015.
– More than 1.84 Crore Kisan Vikas Patras
sold, attracting an investment of more than Rs 16,429 Crore since launch on
18th November 2014.
– Launch of PM Suraksha Bima Yojana and PM
Jeewan Jyoti Yojana for Post Office Savings Bank account holders in CBS Post
Offices. So far, more than 57,000 policies have been sold to POSB
customers.
– Increase in maximum sum assured in Postal
Life Insurance from Rs 20 Lakh to Rs 50 lakh and for Rural PLI from Rs 5 lakh
to Rs 10 lakh in order to provide more investment opportunities to customers
and also increase claim amount to nominees in case of death.
Sunday, June 28, 2015
Why India Post could become e-commerce’s most potent delivery partner
Radhika P Nair | June 26, 2015
Sharadamani
Amma, an 87-year-old great grandmother, remembers a time when the sight
of mail runners would cause a great deal of excitement in the small
Kerala village she grew up in. The appearance of these postal employees,
who carried mail between post offices on foot, meant a letter or money
order or, god forbid, a telegram—a sure sign of ill news.
But
those days are long gone. The postmen are no longer held in high regard
in most of the country, and few in the current generation would have
even stepped into a post office, at least in urban India.
New
age e-commerce companies want to change this. The likes
of Amazon and Snapdeal already have pilot projects running with India
Post, while newspaper reports suggest that Flipkart is set to follow
suit.
But what makes India Post, seen by many as a relic of a bygone era, so attractive to these online portals?
UNBEATABLE NETWORK
India
Post’s network of post offices in India is incomparable. None of the
private courier or logistics firms can even come close say experts and
e-commerce firms. “India Post has an unmatched network that is
critical for the growth of e-commerce in India,” says Ashish
Chitravanshi, Vice President of operations at Snapdeal. A view
echoed by Amazon.in. “Through India Post’s extensive network, Amazon
India is able to service over 19,000 pin-codes through 140,000
post-offices across all 35 states and union territories in India,” says
Samuel Thomas, Director of transportation at Amazon India.
This network covers about 25,000 pin codes, while even large private courier companies like DTDC reach only about 10,000.
RURAL DEPTH
While the pan India network is impressive, it is India Post’s rural depth that gives it an edge. “No one can reach rural areas like India Post,” says Manish Saigal, Managing Director of advisory services firm Alvarez & Marsal India. Manish
says India Post’s importance will only increase when non-metro India’s
contribution to e-commerce sales surpasses that of metro India. “The top
20 cities contribute 60% in value terms right now. The pendulum will
shift the other way pretty soon,” adds Manish.
The
pendulum has already swung the other way for some e-tailers. Over 70%
of orders for Snapdeal are from smaller cities and towns, according to
Snapdeal’s VP-Operations Ashish. “The growing popularity of online shopping in
these non-metro centers presents a unique set of logistical challenges
like spread out population, high km/delivery factor and high cost of
setting up delivery infrastructure,” explains Ashish.
ADVANTAGE INDIA POST
It
is not just the e-commerce companies that stand to gain from a
partnership with India Post. The revenue potential for India Post is
quite high.
The
central government agency is already handling over 1.5 lakh e-commerce
deliveries a day, according to industry estimates, making India Post one
of the largest delivery partners for the industry. The Business
Development and Marketing Directorate of India Post, which handles
delivery of parcels like those of e-commerce companies, earned revenue
of Rs 1961.76 crore between April and December last year.
“A lot of people dismiss India Post but they are doing mind-boggling work on the ground for e-commerce already,” says Manish.
An
advertisement put out by India Post showed the department has handled
Rs 500 crore of cash-on-delivery (CoD) in the financial year 2014-15.
However,
Alvarez & Marsal’s Manish says India Post needs to do more in terms
of technology adoption. This is especially important for CoD. India
Post does have years of experience handling and delivering cash, in the
form of money orders. However, CoD unlike money order requires postmen
and women to collect cash and not hand over cash. E-commerce companies
also expect this cash to be remitted into their accounts daily and
further expect transparent and instant system updates.
This technology integration between India Post and e-commerce companies is beginning to happen.“We have integrated Amazon and Postal systems to electronically enable information sharing,” says Amazon India’s Samuel.
There
are examples globally of national postal departments taking advantage
of the growth of online retail. Ankur Bisen, senior Vice President at
retail advisory firm Technopak, cites the examples of Deutsche Post
(Germany) and Royal Mail (UK). “Both these companies were state
sponsored mail carriers and realised the diminishing importance of
postage. Both of them have successfully re-modelled themselves to suit
the emerging e-commerce needs,” says Ankur. An AFP report in March
stated that Deutsche Post’s e-commerce parcel division saw its revenues
rise by 2.6% to reach 15.7 billion euros (Rs 1.11 lakh crore) in FY
2014.
“If
they can marry India Post’s local knowledge and network with
technology, they can become unbeatable. But they need to do this fast,”
says Manish.
If
this succeeds, then Sharadamani Amma’s great granddaughter Mythili will
also soon wait with bated breath for the postman to call at her
Bengaluru flat.
(Sources
of data and information shown in graphics: India Post annual report,
India Post advertisement, Amazon India, DTDC website, news reports)
Courtesy : http://yourstory.com/2015/06/india-post-ecommerce/
Subscribe to:
Posts (Atom)