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Showing posts with label deficit of indiapost. Show all posts
Showing posts with label deficit of indiapost. Show all posts

The Department of Posts has had deficit for the last three years and it is expected to continue in the year also.  The details of the  deficit for the last three years and the estimates for the current year are as under;


Year   

Amount in crores of Rupees


2006-07
1249.52
2007-08
1511.44
2008-09
3593.09
2009-10
5632.46


The Deficit has substantially increased during the previous year and the current year due to hike in salary of the Employees and Pensionary Charges of the retired employees on account of implementation of 6th Pay Commission’s Report.