The Indian government’s Cabinet Committee of Economic Affairs has earmarked USD187 million for computerising the country’s postal services. The effort will focus on boosting the productivity of departmental offices.
Read MoreThe Post Office is set to offer unsecured personal loans as part of its push into financial services.
The Post Office, which has a joint venture with Bank of Ireland, plans to offer the products through its 16,500 branches. The Post Office’s move into financial services is being spearheaded by its chief executive David Mills and follows its move into travel services like foreign currency exchange.
Mr Mills has been keen to use the network to sell financial services.
The plan forms part of the Post Office’s attempts to revitalise a branch network hit badly by the decision of the UK’s Department of Work and Pensions to start paying state benefits directly into bank accounts.
Read MoreDelivering the post is people-intensive. Someone has to walk, cycle or drive around with the post, which is An Post’s main business. The average pay of a postman working 37.5 hours a week is 24,000, including allowances. But with overtime factored in, the average pay rises dramatically to 39,000.
It is this 15,000 “wedge” that management wants to eliminate. According to them, it is equivalent to employing 500 extra workers.
Read MoreJapanese Prime Minister Junichiro Koizumi is to set up a preparatory office to promote the privatisation of Japan Post on April 26, the third anniversary of his entering office.
The office will be under the premier’s direct supervision, as Koizumi wants to show his determination to complete the privatisation of the postal services in 2007 ahead of the House of Councillors election in July, according to the sources.
Read MoreThe Department of Posts have introduced Sri Lanka’s first ever electronic Money Order (eMO) payment facility as a viable and sustainable new user friendly facility which enables users to utilise the new, fast money transfer system.
Read MoreEmployees of Deutsche Post, the German postal service group, are to be offered a discount on the price of shares in Deutsche Postbank, the group’s banking subsidiary, when it is floated on 21 June 2004. employee participation schemes are said to be likely. One scheme would allow employees to subscribe to shares to an upper limit of 270 euros. The alternative, so-called individual investment scheme would allocate interested employees the shares which they subscribed, even in the case of heavy oversubscription. However, employees would be required to subscribe to share packages worth at least 400 euros.
Read MoreBibby Distribution Acquire Winlen Bay
Read MoreThe Italian government has passed a decree giving a registered e-mail service the same legal status as recorded delivery letters, a measure expected to go into effect within the next two months, a spokesman for the Innovation and Technologies Ministry said. The decree, which puts Italy at the digital forefront in Europe, was proposed by Innovation and Technologies Minister Lucio Stanca and approved by the cabinet Thursday.
“The measure is an act of modernity. Electronic-mail is increasingly becoming an instrument of daily communication,” Stanca said in a prepared statement.
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