Financial Daily from THE HINDU group of publications
Thursday, Jun 01, 2006

Cross Currency

Group Sites

Info-Tech - Telecommunications
Logistics - Supply Chain Management

DoP eyes Rs 500 cr from mobile user verification

Our Bureau

Budgetary deficit to fall below Rs 1,000 crore for the first time

New Delhi , May 31

The Department of Post (DoP) is expecting to earn revenues of Rs 500 crore from executing its agreement with the private cellular operators for verifying subscriber details prior to giving them a connection. This new project along with the success of its financial products and services is expected to bring down the postal deficit to below the Rs 1,000-crore mark for the first time. The DoP has been finding ways to reduce the budgetary deficit from the current level of Rs 1,400 crore.

The postal department has offered to do the verification of the subscribers at the rate of Rs 25 per application. This comes after the private operators approached the DoP to use the postal network in order to verify the details given by consumers before offering a mobile connection. The Government had hauled up the operators for not conducting the verification as per laid procedures. Until now most cellular operators had outsourced the job to local agencies.

Speaking at a press conference to announce a new service Dr U. Srinivasa Raghavan, Secretary, DoP, said, "Our deficit is expected to be Rs 989 crore during 2005-06 at an estimated revenue of Rs 5,400 crore. This is a significant development and we hope to improve our financial position further in years to come." DoP has also initiated discussions with the mobile operators to sell mobile recharge card through the post offices on a commission basis.

DoP on Wednesday introduced a premium Speed Post service in six metro cities on a trial basis, which promises to deliver articles by noon the next day.

More Stories on : Telecommunications | Supply Chain Management

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Nipuna mulls centres in Far East, Eastern Europe

DoP eyes Rs 500 cr from mobile user verification
More handsets sold than subscribers added: ICA
AirTel expands services in Mangalore
Aircel to spend Rs 550 cr on improving network
How `permanent' the BPO units?
Foundation laid for Mindspace IT park
Tech indices fare better vis--vis benchmarks
Infosys & its crorepatis
Indo-Scandinavian trade Web site
Infosys plans to have 5,000 in China in 5 years
TCS to be global partner for SAP
`Satyam OPM rises 30 bps with every 1 pc fall in rupee'
RAS Info eyes compliance market
TCS bets big on innovation

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line