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India Post will have to shed its half-hearted attempts to transform itself into a payments bank if it wants to convert itself into a digitally enabled, pure deposit-taking bank. Discuss in detail the issues faced by India post and suggest way forward.

Topic:  Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

2. India Post will have to shed its half-hearted attempts to transform itself into a payments bank if it wants to convert itself into a digitally enabled, pure deposit-taking bank. Discuss in detail the issues faced by India post and suggest way forward. (250 words)

The Hindu

Why this question:

The article explains that If India Post can shed its half-hearted attempts to transform itself into a payments bank and convert itself into a digitally enabled, pure deposit-taking bank; it can render a yeoman service both to the government and small savers of this country.

Key demand of the question:

One must explain the trends that have recently witnessed in the Indian post and the challenges it has been facing. Also suggest solutions to address the same.

Directive:

Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.

Structure of the answer:

Introduction:

Explain the current case – The confidence that ordinary Indian savers repose in guaranteed return products has been subjected to hard knocks off late.

Body:

One must provide for a detailed analysis of the issues and challenges posing the India Post despite it taking the path of digitization, online services.

Discuss the positive prospects it can have in future if the challenges are addressed.

Mention the challenges and concerns currently being faced.

Suggest solutions to the same.

Conclusion:

Conclude with way forward.

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