01 Sunday Apr 2012
Posted in General
The Department of Posts (DoP) is planning to set up 1,000Aautomated Teller Machines (ATMs) across six states –Assam, Uttar Pradesh, Rajasthan, Maharashtra, Karnataka and Tamil Nadu — under its ongoing modernisation plan, according to a top official. There is aq big plan to computerize the remaining post offices also.
01 Sunday Apr 2012
Posted in General
Many countries, including India has observed yesterday, 31st March, Earth Hour, turning of the lights for one hour. This is as per the call of the environmental group World Wildlife Fund (WWF) to minimise use of energy and save it for the next generation.
In March 2007 Earth Hour began in, Sydney, Australia when 2.2 million individuals and over 2,000 businesses turned out their lights and took a stand against climate change. It quickly became an annual global event. More than 5,200 cities and towns in 135 countries worldwide switched off their lights for Earth Hour 2011. Earth Hour 2011 also ushered in a new era with members going Beyond the Hour to commit to lasting action for the planet. Without a doubt, Earth Hour has shown how great things can be achieved when people come together for a common cause.
In India, Rashtrapati Bhawan, Central Secretariat and many offices switched off the lights for one hour yesterday.
01 Sunday Apr 2012
Posted in PSU
CITU has issued the following statement in connection with the legal action by a foreign private share holder against the PSU, Coal india Limited:
New Delhi, March 31: Recent development In Coal India Ltd., (CIL) has vindicated CITU’s strong opposition to the hollowness and fallacy of the claims of the Govt. of India, that the disinvestments upto 49% is of no consequence as the Govt. will still have majority shares. CIL is one of the highest profit earning Maharatna PSUs in the country and the Govt. still has 90% of its shares. But, a hedge fund operator from a foreign soil who has obtained 1% shares in CIL, is now threatening legal action against CIL management for “working against the interest of CIL”. These threats are aimed at the status of CIL as a PSU with demands such as coal should be sold by CIL, only at international prices and not at the lower rates now being sold to the Indian Industries. In a clear case of tail trying to move the head, Govt’s suicidal policy of disinvestment has allowed 1% share holder to intimidate one of the biggest PSUs in the country and the Govt. is being forced to respond to their threats not with standing the fact that coal being natural resource is owned by the people of this country and Govt. is only the trustee. CITU wonders if 1% share holder can intimidate the Govt, what will be the fate of our PSUs, with 49% shares disinvested to Indian or foreign investors? Envisaging such adverse impact of creeping privatization on PSUs, CITU has been consistently demanding that the Govt. of India should put an end to its disinvestment policy for PSUs which is against the interests of the country. This demand was one of the issues, on which all Central Trade Unions and National Federations of Employees and Workers organized a country wide strike on 28th February 2012. Ignoring this demand Govt. has decided in the budget to go ahead with its policy of disinvestment with an additional target of Rs.40,000 crores. CITU demands that Govt. must immediately stop disinvestment of PSUs to safeguard the interests of the country.
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