Impact of Implementation of  Recommendations of Shyamala Gopinath  Committee�s Report: A Study in the light of Post  Office Agents in India

Swapan Kumar Roy

Volume : I, Issue : VII, December - 2012

Impact of Implementation of Recommendations of Shyamala Gopinath Committee�s Report: A Study in the light of Post Office Agents in India

Swapan Kumar Roy

Abstract :

There is no denying the fact that Indian postal service has been providing many facilities to the people who are desirous of investing their small savings in the schemes under the post offices. There are different small savings schemes existent in the post offices. These schemes have been gaining popularity amongst the large number of small investors in India. It provides social benefits to them. To attract the investors and implement the schemes, postal agents play a pivotal role. The efforts, dedication, commitment and sincerity of the postal agents deserve kudos as they do their work from dawn to dusk for making the potential investors conscious about the ins and outs of the different schemes. In return they get commission. But, presently, these postal agents are being severely affected because of scrapping/reducing postal agents� commission on different small savings scheme. The report of the committee headed by Smt. Shyamala Gopinath, Deputy Governor, Reserve Bank of India, came just like a bolt from the blue to the post office agents. The said committee recommended to abolish or reduce post office agents� commission. In this perspective, an attempt has been made in this paper to highlight how the recommendations of the committee headed by Smt. Shyamala Gopinath, Deputy Governor, affected lakhs of post office agents.