Monthly Archives: January 2016

Supreme Court rejects further disinvestment of Hindustan Zinc Ltd.

20 Wednesday Jan 2016

Posted by in Disinvestment, PSU

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Supreme Court rejects further disinvestment of Hindustan Zinc Ltd.

In an important judgment, the Supreme Court has rejected the proposal of the government to dilute its 29% shares in Hindustan Zinc Limited stating that a Parliament decision is required in the matter since the corporation was formed by an act of Parliament.  The apex court also asked the government, why it is in a hurry to sell the government assets. When the advocate for Vedanta, the company which has the majority shares with it, pointed out that when they took over the company it was loss-making, but now it is profitable because of its present management, the SC commented that why not the government also gets a part of the profit because of its shares. SC also asked the Advocate General “What is the hurry to hand over valuable assets worth lakhs of crores? Without permission of the court you can’t go for disinvestment”. As such the disinvestment of residual stake  of the company has been stopped for the present.

‘Service With A Smile’ – Review after two weeks

15 Friday Jan 2016

Posted by in BSNL - Better Service to the Nation, BSNLEU

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Two weeks have gone since ‘Service With  A Smile’ (SWAS) has been started jointly by the BSNL Management and the Forum of BSNL Unions/ Associations for giving a better service to the customers. Though it is a very short time, it is necessary to have a preliminary review of the same. Whether it is implemented in all SSAs/Circles, how it is implemented, what is the reaction of the employees as also the customers, what is the role taken by the local management etc. are to be reviewed.

This is necessary for further planning and continued implementation .

17th World Trade Union Congress

14 Thursday Jan 2016

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12 Jan 2016
 
The Organizing Committee composed by the South Aftican Trade Unions which have undertaken the organization of the 17th World Trade Union Congress held a meeting yesterday in Johannesburg and today will meet in Durban.
The committee is composed by Trade Union leaders of the largest organizations in South Africa. The discussion was substantial and in militant spirit. The planning for hosting the most important trade union event for the class-oriented movement has started.
On behalf of the WFTU central offices comrades Nikolas Theodorakis and Anda Anastasaki are present during the meetings.
 
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Indians all over the world

14 Thursday Jan 2016

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According to a UN report, maximum number of people working/staying in other countries (diaspora) are Indians. The union report states that there is a total of 244 million diaspora out of which 16 million are Indians only.
The number of Indian diaspora are going to further increase.

D-7 Telegraph Place, Gole Market has a memorable past.

14 Thursday Jan 2016

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The quarter allotted to BSNLEU since its inception , D-7, Telegraph Place, Gole Market, New  Delhi was the office of AITTEU Class III till formation of BSNLEU. BSNLEU as well as AIBDPA were registered at this address. It is now handed over to Jharkhand Government for constructing Jharkhand House. The 11 quarters in Telegraph Place occupied by BSNL/MTNL/ Postal will now be demolished for the new building.
Just like Telegraphs, the telegraph place is also going to be part of history. Farewel D-7 & Telegraph Place!

8.9% interest for EPF for 2015-16

14 Thursday Jan 2016

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The Employees Provident Fund Organisation (EPFO) is expected to declare 8.9% interest for 2015-16 for its contributors. Last year the interest was 8.75%. The Central trade Unions have been demanding for increase the interest rate. There are 8.7 crore employees, who contribute to the EPF.

3,228 Farmer Suicides in Maharashtra in 2015 alone

14 Thursday Jan 2016

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‘India lives in villages’ is the saying. But it is in these villages that death is lurking. In Maharashtra alone 3,228 farmers have committed suicide due to poverty, crop failure, unable to pay loans etc. While the farmers are dying, the government is keeping silent. Most of these families of suicided farmers have not got any support from the government. While the corporates and big business concerns are given large subsidies, these poor families are ignored. Shame on the top politicians and the government.

 

Change of Residence

13 Wednesday Jan 2016

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Since Telegraph Place, where BSNLEU has been allotted quarters (D-7), has been sold to Jharkhand Government by Central Government, BSNLEU has been allotted T 18/C, Atul Grove, New Delhi- 110001. Hence, I have shifted to the new address. The new telephone number is 011-23352848. Thanks. VAN Namboodiri Patron BSNLEU

Payment of Bonus Act Notified

09 Saturday Jan 2016

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The Payment of Bonus (Amendment) Bill, 2015 was passed by the Parliament in the just concluded Winter Session of the Parliament. The Payment of Bonus (Amendment) Act, 2015 has been published in the Gazette of India, Extraordinary on 1st January, 2016 as Act No. 6 of 2016. The provisions of the Payment of Bonus (Amendment) Act, 2015 shall be deemed to have come into force on the 1st day of April, 2014.

          The Payment of Bonus (Amendment) Act, 2015 envisages enhancement of eligibility limit under section 2(13) from Rs.10,000/- per month to Rs.21,000/- per month and Calculation Ceiling under section 12 from Rs. 3500 to Rs.7000 or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher. The Payment of Bonus (Amendment) Act, 2015 also mandates previous publication of draft subordinate legislations, framed under the enabling provisions under the said Act, in the Official Gazette for inviting objections and suggestions before their final notification.

 

Refund Security Deposit within 60 days

09 Saturday Jan 2016

Posted by in Telecom

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TRAI has issued a new directive to service providers requiring them to refund security deposit to customers within 60 days of disconnection of service. Failing to refund within the stipulated time period, the service provider will have to pay an interest at rate of 10 percent per annum to the subscriber. (News Report)