INDIAN POSTAL ACT (IPO ACT, 1898) AMENDEMNTS COMING
SOON :-
New
Postal Act could deal a severe blow to the $2 billion courier industry
In what could
significantly up the operating cost of corporations and have huge implications
for $2 billion Indian courier industry as well as for the individual consumers,
the Department of Post (DoP) is in advanced stages of proposing amendments to
the over hundred year old Indian Postal Act. The amendments which will soon be
moved to Parliament for a discussion, will mandate courier companies to charge
atleast Rs 70 per for every non-local courier. This is double of minimum Speed
Post rate currently and significantly higher than what courier companies
normally charge for small packets. source: Business Standard Tuesday, September 24th, 2013
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