Financial Daily from THE HINDU group of publications
Monday, Jul 19, 2004
Financial Daily from THE HINDU group of publications Monday, Jul 19, 2004 |
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Opinion
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Letters Revamp postal services
The provision in the annual Budget to permit IT-related small savings to be mobilised by banks is the ideal platform for the post-offices to revamp their functions. To improve business and beat the competition thrown up by the private courier services, causing erosion in the business volume of the post offices, I would like to suggest the following. The post-office network should be effectively used to market financial products such as mutual funds, insurance, home loans, investments, and so on. Post-offices in the residential areas should be open from 8 a.m.till 8 p.m. . Certain main post-offices, if not all, in the metropolitan centre should open on Sundays to enable putting through transactions that are not possible by office-goers during week-days. The delivery schedule should be by way of shifts in the early morning and late evening so that inmates are available during the delivery period. R. S. Raghavan Bangalore Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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