FedEx has said it has now fully integrated two businesses it acquired in India to strengthen its domestic delivery and logistics services in the subcontinent.
The company acquired the logistics, distribution and express businesses of AFL Pvt Ltd (AFL) and affiliate business Unifreight India Pvt. Ltd (UFL) back in February 2011.
The acquisition included AFL WiZ Express, which offered domestic express services through more than 150 Express Service Centres in 144 cities, with more than 1,000 couriers across India.
Read more: FedEx completes integration of Indian acquisitions « Post & Parcel.
… it seems an India Post Bank will probably not work. Several regulatory and logistic issues have to be surmounted. One line of thought is that if the infrastructure is the premise on which post offices can become banks, then these post offices should ideally be leased wherever possible to banks on rent – which will help the department cut its losses.
Read more: Madan Sabnavis: Why 'Post Bank of India' has few assets | Business Standard.
About 30,000 employees are expected to take part in the strike on Wednesday and Thursday
Postal employees in the city plan to go on a two-day strike, starting Wednesday, for various demands, including absorption of gramin dak sevaks as regular employees and reversal of the ban on recruitment.
Postal operations are likely to be affected on these days with various unions, including the National Federation of Postal Employees and Postal Employees Progressive Union, functioning in the State joining the nationwide strike.
About 30,000 employees are expected to take part in the strike.
Read more: Postal employees to go on strike – The Hindu.
An Indian postal worker who was accused of stealing less than $1 in 1984, has been cleared by a court after nearly 350 court hearings over 29 years.
Umakant Mishra was suspended from his job after being charged with fraud when 57 rupees and 60 paise (92 cents; 56 pence) went missing in his post office.
Mr Mishra told BBC Hindi that the battle to clear his name reduced him to penury and his family would have starved if not for his relatives.
He is now seeking compensation.
Correspondents say cases in Indian courts can drag on for years, even decades, and official figures show that more than 30 million cases are pending in Indian courts, some dating from 1950.
Read more: BBC News – Umakant Mishra: Indian postman cleared of stealing less than $1 after 29 years.
A nationwide agitation would be launched against the Government’s move to privatise postal services including railway mail and MMS, said president of National Confederation of Postal Employees, Giriraj Singh, on the concluding day of the two-day national open convention here on Monday.
Addressing the gathering, he demanded that the Government should roll back its Postal Policy of 2012 at the earliest.
The convention finalised a charter of demands which included scrapping of the new Labour Act and pension policy, appointment of a commission for Seventh Pay Commission, revision of pay every five years, filling up various vacancies, parity in pension, regularisation of services of temporary employees, addition of 50 per cent of DA in basic pay and prevention of contract labourers.
Read more: Move on Postal Services Opposed – The New Indian Express.