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Monthly Archives: January 2014

Govt. takes away Rs. 16,485 crore from CIL as Special Dividend

15 Wednesday Jan 2014

Posted by VAN NAMBOODIRI in PSU

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CIL, PSU, Special Divident

The government is squeezing all the profitable PSUs to find out funds to patch up its financial crunch. Now the Coal india Limited (CIL) has been pressurised to give Special Dividend. Accordingly the CIL will have to pay Rs. 18,317.46 crore as SD out of which Rs.16,485 crore will go to the government and the rest to the other share holders. This is the biggest dividend of all times any company has given.
CIL had already given an amount of rs. 8,842.91 crore to the government for 2012-13.
The government not only wants money, but also wants to cripple all the PSUs to ensure benefits to the private companies.

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Minimum Pension of Rs. 1,000 to be ensured

14 Tuesday Jan 2014

Posted by VAN NAMBOODIRI in TU News

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000, Minimum Pension proposed to be Rs.1

The EPFO has proposed to the government to ensure Rs.1,000 as minimum pension for all contributors to the EPS.At present, there are many workers who are getting less than Rs.1,000, say 300 or 400.
There are approximately 22 lakh member pensioners and 5 lakh widows as on March 31, 2013, who are getting pension less than Rs.1,000.

The Central Trade Unions have been demanding to increase the minimum pension for a long time.Though opposed by the Finance Ministry earlier, the Central Govt. may agree now being the General Election year.

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MTNL to order GSM lines worth Rs. 600 crores

14 Tuesday Jan 2014

Posted by VAN NAMBOODIRI in PSU, Telecom

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MTNL, Updating of serrvices

The CMD MTNL, Shri Garg has stated that MTNL would order GSM lines worth Rs.600 crores to update and improving its network, mainly 2G.
This most necessary considering the present efficiency of the MTNL services.

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General Insurance Employees on Strike against FDI increase

14 Tuesday Jan 2014

Posted by VAN NAMBOODIRI in PSU

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FDI increase from 26 to 49%, General Insurance emloyees, strike

The employees of the General Insurance has called for strike against the increase of FDI in Insurance sector from 26% to 49%. The unions stated that there is no justification to increase the FDI which is against the interest of the sector and is only to benefit the private insurance companies.

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5 Year Wage Revision Discussion in Banks

14 Tuesday Jan 2014

Posted by VAN NAMBOODIRI in PSU, TU News - India

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Bank Strike, IBA, Negotiations, UFBU

On the eve of the All India Strike call given by the United Forum of Banks Unions (UFBU), the Indian Banks Association (IBA) will meet the union representatives and start discussions. The call is given for strike on 20th January 2014.
The decision to have the discussions prior to the strike was agreed by both the parties in the meeting called by the CLC yesterday, 13th January. The main issue is about the % of fitment in the Five year Wage Agreement to be effective from 01-01-2012.

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Private Telecom Companies oppose proposal to mandate government connections for BSNL, MTNL

14 Tuesday Jan 2014

Posted by VAN NAMBOODIRI in BSNL - Better Service to the Nation

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BSNL, COAI, Mandating telephones of PSUs, MTNL, PSUs

The Cellular Operators Association of India (COAI), the organisation of the private GSM Operators has opposed the proposal of the GoM on Revival of BSNL, MTNL to mandate the Central and State Governments and their PSUs to compulsorily use the PSU telephones.
There is no logic in their opposition. The private companies are continuously seeking all kinds of relaxation whether it is on tax, licence charges or revenue sharing. In addition, they manipulate the accounts to pay less to the government. A large number of cases are pending in this way. They want all benefits, but they oppose even a small benefit for the telecom PSUs.
The Government should immediately take decision on the proposal of the GoM and make it compulsory for all the Governments and PSUs compulsorily take the BSNL MTNL telephones and telecom services for their use.

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Shaheed Bhagat Singh – A Life Sacrificing, Committed and Dedicated to the Nation

14 Tuesday Jan 2014

Posted by VAN NAMBOODIRI in History, Obituary, Tributes, Uncategorized

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Shaheed Bhagat Singh

The life, revolutionary activities and martyrdom of Shaheed Bhagat Singh for a free India is always an inspiration to generations and generations of the people of India.
I was going through the book “Bhagat Singh on the Path of Liberation”, edited by Shri Shiv Verma, a comrade-in-arms who was with Bhagat Singh in his activities and also in jail for a long period. The book was presented to me by Com.Rani Devi Prasad recently when I went to Chennai to attend a Convention.
The book is not the history of Shaheed Bhagat Singh. It is mostly articles written by him in the jail and also earlier. There is a 404 pages notes made by Bhagat Singh from the books he read in the jail. All these were either officially or through secret method brought out and kept by his comrades. But manuscripts of four books written by him in jail and brought out secretly – (1) The Ideal of Socialism (2) Autobiography (3) History of Revolutionary Movement in India and (4) At the Door of Death – were unfortunately destroyed. But many other articles are available and published in this book.
Within a short life of 23 years (1908-1931) Shaheed Bhagat Singh has achieved more than what can be done in a long life span. His family and surroundings, which were part of the freedom movement helped him to take the revolutionary path. He is referred to as terrorist by the British Rulers, but he was not a terrorist; He was a Revolutionary well studied in the path of Marxism and Leninism and followed the path unwaveringly till his end. Bhagat Singh endowed the Revolutionary Movement with three Slogans: (1) Long live Revolution (2) Long Live Proletariat and (3) Down With Imperialism. His writings published in the book fully confirm this.This book is not only worth reading, but is a must to read to understand the sacrifices made by a generation of young Revolutionaries who sacrificed every thing for the freedom of the motherland. It will inspire any Indian. My thanks to Comrade Rani Prasad for presenting the book to me.
The Certificate of Death of Bhagat Singh issued by the Superintendent of Lahore jail, reproduced in the book, is given below for record:

“I hereby Certify that the sentence of death passed on Bhagat Singh has been duly executed, and that the said Bhagat Singh was accordingly hanged by the neck till he was dead at Lahore Central
Jail on Monday the 23rd day of March 1931 at 7 P.M, that the body remained suspended for a full hour, and was not taken down until life was ascertained by a medical officer to be extinct; and that no accident, error or other misadventure occurred.”
Shaheed Rajguru and Sukhdev also were executed in the same way.

I will conclude with two quotations from the writings of Bhagat Singh which has been proved fully by time.

” My Name has become a symbol of Indian Revolution. The ideal and sacrifices of the Revolutionary Party have elevated me to a height beyond which I will never be able to rise if I live”.

” Bhagat Singh dead will be more dangerous to the British enslavers than Bhagat Singh alive. After I am hanged, the fragrance of my revolutionary ideas will permeate the atmosphere of this beautiful land of ours. It will intoxicate the youth and make him mad for freedom and revolution, and that will bring the doom of the British imperialists nearer. This is my firm conviction. I am anxiously waiting for the day when I will receive the highest award for my services to the country and my love for my people.”

How True. Generations after generations will remember and inspire from the great sacrifice of these martyrs.
Red Salute to the Martyrs!

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Congratulations AAP! Delhi Government cancels 100% FDI in Retail

13 Monday Jan 2014

Posted by VAN NAMBOODIRI in News

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Delhi Govt., Multi-Brand retail

The AAP Government in Delhi has cancelled the decision of the earlier Congress Government allowing 100% FDI in multi-brand retail. When the UPA government took the decision for 100% FDI in Multi-Brand Retail, there was strong opposition even from its allies. Most of the state governments under Congress implemented the same. Sheila Dikshit Government in Delhi not only implemented it, but also gave many more concessions.
The AAP Government has now cancelled the decision, which will help the retailers in a big way. Good action!

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EPFO decides interest rates 8.75% for 2013-14

13 Monday Jan 2014

Posted by VAN NAMBOODIRI in TU News - India

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EPFO, interest rate 8.75%

The Board of Trustees of Employees Provident Fund Organisation (EPFO) which met today, 13th January has decided to give 8.75% interest to the account holders. Last year it was 8.5%. The Central Trade unions have been continuously demanding that it should be raised to 9.5% as earlier. 5 crore workers will benefit by this decision. The Finance ministry has to approve the decision of the Central Board of trustees, before the amount could be put in the accounts of the workers.
The EPFO is estimated to have an income of Rs 20,796.96 crore in the current financial year. Payment of interest at the rate of 8.5 per cent to subscribers would have required Rs 20,740 crore and left a surplus of Rs 56.96 crore, according to earlier projections. Now there may not be any extra balance.

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Employees can get benefit even after removal from service – SC

13 Monday Jan 2014

Posted by VAN NAMBOODIRI in General

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SC Judgement, Superannuation benefits.

The Supreme Court has given a very welcome judgement. In the Special Leave Petition filed by the Bank of Baroda against the decision of the Allahabad High Court upholding the decision of the Industrial Tribunal which ruled that the denial of superannuation benefits to the employee was neither legal nor justified.
The family of late S.K.Kool, who was removed from service and denied superannuation benefits approached the Industrial Tribunal for justice. The Industrial Tribunal ordered a favourable decision to the petitioners. The Bank went to the High Court and lost its appeal. then i went to the SC and lost there also. The Bank was also filed an amount of Rs. 50,000 towards cost.
The decision of the SC will benefit many retrenched/removed/dismissed workers.

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