Monthly Archives: December 2014

EPF interest for 2014-15 is 8.75%

19 Friday Dec 2014

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The Finance Ministry has ratified the decision of the EPFO’s Central Board of Trustees (CBT) to retain 8.75 per cent rate of interest for 2014-15 also. It was the same rate of interest for 2013-14.

This rate of interest on PF deposits would now need to be notified by the Labour Ministry as well as by the Income Tax Department. The decision would be implemented from the date of notification. The EPFO took the decision in its meeting held on 26th August 2014.

But this interest is less than demanded by the Central Trade Unions, which was 9.5%. The proposal of the government to reduce the present interest was strongly opposed by the unions and hence retaining last years interest rate.

Missing Files of Vadra DLF deal

19 Friday Dec 2014

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In recent times, governmemt files  have learnt vanishing tricks. Whenever any enquiry is ordered, connected documents, files start vanishing. Now it is the Vadra DLF deal files.
Stringent action should be taken against the concerned.

Do not invest EPF corpus in Equity Markets

19 Friday Dec 2014

Posted by in AIBDPA - BSNL DOT Pensioners, Pension

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The Central Government is proposing to invest 15% of the Rs. 6.5 lakh corpus of the EPF funds to the private equity markets, on the plea that it will give more dividend/interest to the EPF account holders. But the real reason is something else. The private financiers have been continuously demanding that this huge EPF funds should be put in the market. Due to the strong opposition from the Central Trade Unions and the workers, the EPFO could not take such a decision, even 5% to be invested there. There is serious danger of the funds being washed away in the fluctuating markets and the account holders losing all their savings.

The new proposal, whether 5% or 15% to be investing in the market, is strongly opposed by all the unions and workers. The government should not be allowed to divert the hard earned funds of the pensioners for making profit for the private companies and losing it.

No Reduction in Retirement age from 60 to 58 – Central Government

19 Friday Dec 2014

Posted by in CG Employees

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The Central government has cleared the doubt about the reduction of retirement age of the central government employees, which is being rumored for the last few days.

The Minister of state for Personnel, Public Grievances and  Pension Shri Jitendra Singh stated in the Parliament yesterday, 18th December 2014, that there is no proposal to reduce the retirement age of central government employees from the present 60 to 58. He also stated that the retirement age was increased from 58 to 60 in 1997 as per the recommendations of the V Central Pay Commission.

Bank employees prepare for strike as IBA denies adequate Wage Revision

19 Friday Dec 2014

Posted by in PSU, TU News - India

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The Public Sector Bank Employees have decided for a series of strike in the new year due to the adamant attitude of the Indian Bank Association in not prepared justified increase in the wages. The IBA is only prepared only to a meagre increase of 11%, while the United Forum of Bank Unions (UFBE), the apex body of all the unions in Banks, is demanding 23% increase.  The latest talks also having failed, the UFBE has decided for a series of strike. One of the reason mentioned by the IBA is that due to the NPA ( bad loans), there is dearth of funds. The unions are questioning why the bad loans have not been recovered. It is the responsibility of the Bank managements to recover the loans of thousands of crores of rupees to the corporates and big business. The increase in NPA is not due to the employees, but only due to the managements favouring the corporates and rich.

The UFBE stated that a one day strike will be organised  on 7th January 2015, four days strike from 21 January  and Indefinite Strike from 16th March 2015.

We fully support the justified strike of the Bank Employees.

Govt. employees can change their date of birth within 5 years.

19 Friday Dec 2014

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The Department of Personnel and Training (DOP&T), Government of India, has issued orders allowing the government employees to correct their date of birth withing 5 years, if the date of birth in their records are wrong. Necessary documents should be submitted for the same. After 5 years of entering the service, the change will not be allowed.

Failing to pass the bill in Rajya Sabha, Govt. opts for Ordinance for Insurance Bill

19 Friday Dec 2014

Posted by in General, Neo-liberal policy

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The government which failed to pass the Insurance Amendment Bill in the Rajya Sabha may opt to issue ordinance after the winter session is over. There are only two days left for the winter session to end and it may not be possible to pass the same since the Rajya Sabha is continuously adjourned due to the ‘conversion issue’ is not  resolved.

One thing is clear. The NDA government has decided to make the changes in the Insurance Act to favour the private companies, by increasing the FDI from 26% to 49%. The NDA wants it to be done before the visit of US President Obama in January 2015. Whenever the Prime Minister of India visits US or whenever President or any important functionary in the US government visits India, something to please the US imperialists has to be done according to the NDA/UPA governments. And now the US President himself is visiting India, a ‘great favour’. The favour has to be returned by increasing FDI, which is the demand of the US financial sector.

The interest of the US is more important to the Indian ruling class, than the interest of India.

A Magnificent Reception to Com. R.Muralidharan Nair, former AGS BSNLEU

18 Thursday Dec 2014

Posted by in BSNLEU, Uncategorized

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Com.R.Muralidharan Nair, former Asst. General Secretary of BSNLEU and a senior leader of the P and T movement in Kerala, who retired on superannuation on 30th November 2014 was given a warm reception at Thiruvananthapuram today, 19th December 2014. It was organised by BSNLEU, NFPE, AIBDPA,BSNLCCWF and AIPRPA.

The Reception was arranged at the Bankmens’ Hall Thiruvananthapuram. The hall was packed to the brim with the participation of a large number of workers, especially from Thiruvananthapuram. Com.P.V.Rajendran (NFPE) presided. Com. K.Mohanan, Circle Secretary, BSNLEU welcomed all. Com. Kodiyeri Balakrishnan, CPI(M) leader and Dy. Opposition leader in the Kerala Assembly, inaugurated the meeting and congratulated Com.Muralidharan Nair  for his dedicated union activities. Coms. P.V.Chandrasekharan (AIBDPA), M.Krishnan (NFPE), Pattom Vamadevan Nair(CITU), P.V.Jose (BEFI), M.C.Nair (AIPRPA),Ganapathy Krishnan (AIIEA), N.Guruprasad (AIBDPA),N.R.Somasekharan Nair (BSNLCCWF)  and other leaders addressed. The presentation sent by Com.V.A.N.Namboodiri (Patron, BSNLEU), who could not attend the function, was handed over to Com. Murali by Com. PVC.

Com. R. Muralidharan Nair thanked for the reception and assured the house that he will continue to be part of the trade union movement in future also.

 

B.T.Ranadive, the Champion of the Working Class

18 Thursday Dec 2014

Posted by in Obituary, Tributes, TU News - India

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BtRanadiveToday is the 110th birthday anniversary of one of the top militant and revolutionary leader of the working class, Com.B.T.Ranadive. He was born on 19th December 1904.

Balchadra Trimbak Ranadive was a bright student and passed MA with distinction. He joined the Communist Party  in 1928 and also became a leader of the All India trade Union Congress at Bombay. He actively participated  in the Bombay Girni Kamgar union and Railways Unions. He supported the Navy mutiny and organised solidarity strike in support of the Naval mutiny.

He was elected as President of the CITU and continued till his death. He was also elected to the Polit Bureau of the Communist Party of India (Marxist). A militant leader, he guided many struggles of the working class, including government employees. He was married to Com. Vimal Ranadive, herself a staunch trade union leader. Com. Ahilya Rangnekar, the leader of the heroic struggle of the Adivasis and a CPI(M) leader, is the sister of Com. BTR. All of them have passed away. Com. BTR passed away on 6th April 1990.

I had been fortunate to be in contact with Com. BTR for a long time connected with the P and T trade union activities. He had attended the Conferences of P and T unions at  All India level as also in the Kerala Circle Conferences. His guidance and advice in the trade union activities were inspiring.

On his 110th birth anniversary, my respectful homage to Com. B.T.Ranadive. We pledge to continue to tread the path shown by him.

Red Salute to Com. BTR !

 

 

Pension – Meeting with Advisor (Finance), DOT

18 Thursday Dec 2014

Posted by in AIBDPA - BSNL DOT Pensioners

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Com. V.A.N.Namboodiri, Advisor, AIBDPA met Smt. Nirmala Pillai, Advisor (Finance), DOT and discussed about the cabinet note being prepared on 78.2% IDA pension fixation. The Finance section is examining the note prepared by the Establishment section. AIBDPA demanded that the note be finalised early and sent to other concerned departments for approval. Com.Namboodiri could not meet Secretary DiOT as also Member (Services) since they were in a meeting.