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.
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