a proposal to amend the Indian Post Office Act, making
postal authorities responsible for non-delivery or loss in transit of articles
for consumers.
"The proposal to amend the Indian Post Office Act,
1898, is under consideration which includes the examination of the scope of
making postal authorities responsible for non-delivery or loss in transit of
the articles of consumers," Minister of Communications and IT Ravi Shankar
Prasad said in a written reply to Lok Sabha.
On a query if Indian Post is losing its share to the
operations of private courier companies, the Minister said the share of both
the traffic and revenue of Speed Post have been increasing over the years.
"Study on Speed Post conducted through the Indian
Market Research Bureau International, reveals that the share of
Department of Posts in the overall courier market has increased from the range
of 15.1 per cent to 18.3 per cent in the year 2010-2011, 16.7 per cent to 19.8
per cent in year 2011-12 and 17.4 per cent to 20.2 per cent in year 2012-13," he added.
Source : PTI
