300 postal employees punished for non-payment of money orders – The Economic TimesBy
Frankly, if only 300 postal employees were caught stealing money orders, I’d suggest they look at their investigation process. But, that’s not what struck us here at GADA about this news item.
What struck us was this bit: “Prasad said government has introduced instant money order service on January 20, 2006, which is now available in 16,785 post offices across the country. The service is instant, convenient, reliable and affordable.”
“Instant money orders, nation-wide.”
Why can’t we have this in the United States? No paper. Electronic transfer. Through the postal system. Yes, in competition with the private sector. Funny thing is that the competition will be good for the private sector. And for people on the lowest rungs of our economic ladder, this will save them millions. This area is one in which the private sector has not provided affordable and convenient service. Why can’t we have a “3rd world service like India’s”, which is so much better than ours.