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Monthly Archives: February 2018

BSNL adds 4,21,836 connections in December 2017

16 Friday Feb 2018

Posted by VAN NAMBOODIRI in BSNL

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Telecom Regulatory Authority of India (Trai) today released its Subscription Data for December 2017 and the top five telecom operators in the country showed positive growth. State-run telco, Bharat Sanchar Nigam Limited (BSNL) added 421,836 new subscribers in the month and retained its 100 million subscriber base too. However, MTNL lost 6561 subscribers in the month. Leading telecom operator, Bharti Airtel added just 576,575 subscribers during the month, which is rather a small number by its standards. Reliance Jio has added a whopping eight million new customers in the month, followed by Idea Cellular with 2.4 million new subscribers and Vodafone with 1.5 million. (Press report)

Despite fierce competition from Reliance Jio,BSNL has done well. Congratulations!

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BJP Health Minister urinates in open!

16 Friday Feb 2018

Posted by VAN NAMBOODIRI in General

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Photographs of BJP ruled Rajasthan Health Minister urinating openly on the side of the road with his car in the background has gone viral in the social media. No apology or explanation from the Minister.

Is it the method of implementing Clean India Project of Prime Minister Narendra Modi?

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Sanchar Bharati’s bold stand appreciated

16 Friday Feb 2018

Posted by VAN NAMBOODIRI in General, PSU

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The strong stand of the management of Sanchar Bharati, a central PSU, against the autocratic directions of the central government is to be appreciated. According to the reports in the press, Chairman and members of the Prasar Bharati Board has taken strong exception to the ‘directives’ of the Information and Broadcasting Ministry to terminate the services of all the contractual employees of the Prasar Bharati. They also opposed the direction of the Ministry to appoint two journalists in the PSU at exorbitant pay to the tune of Rs. one crore a year, which comes more than the salary of the President of India. At present, the topmost pay in the Prasar Bharati is only Rs. 1.6 lakh in a month and to increase it to more than 8 lakh is preposterous.

Congratulations to Prasar Bharati Board for taking bold decisions! The Modi government stands exposed for recommending to retrench the workers and also directing the PSU to appoint and pay exorbitant salary to its nominees.

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Lalit Modi, Mallya and now Nirav Modi – Loot and leave.

16 Friday Feb 2018

Posted by VAN NAMBOODIRI in General

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The serial ‘Looting and leaving’ the country continues with the full knowledge of the Government, whether UPA or NDA.

Looting the country, the banks and the hard earned money of the common people and then leaving the country with the connivance of the ruling party and government continues. Lalit Modi, Vijay Mallya and now Nirav Modi. Whether UPA or NDA, there is no difference. These looters have high level political connections even with the Prime Ministers, what to say about other leaders. It is reported that even after FIR was filed against Nirav Mody, he was present in the Davos meet and photographed with Narendra Modi, Prime Minister! Look out notices will be issued when the scam is exposed, but well before that these barons will leave for foreign countries with the loot. Case will be filed, it will continue for years with out any decision and at last people will forget and these cheats will return and continue further loot.

They will never be caught because the rulers will be exposed when the looters open their mouth. Hence it becomes the necessity of the powers be that these looters are not caught. They are allowed to escape unscathed.

Can this situation be allowed to continue?

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Scams in India never end, but gets bigger and bigger

15 Thursday Feb 2018

Posted by VAN NAMBOODIRI in General

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The latest scam in India is in Punjab National Bank. Rs.11,500 crore has been siphoned off to foreign country during the last few years. In the one branch of the PNB at South Mumbai, the above said amount was lost to the Bank in which diamond merchant billionaire Nirav Modi and some officers of the branch are involved. CBI as well as Enforcement Directorate have filed FIRs. It seems that the bank authorities and the government were sleeping when all this loot was going for years together.

Public banks are looted and the government looks as an outsider. The people can not be blamed, if they suspect that all these are done with the complicity of the government. Mallya has left the country and Nirav Modi may also escape. The case will go on, but whether the culprits will be punished? The chances are less.

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Another ‘Rath Yatra’?

14 Wednesday Feb 2018

Posted by VAN NAMBOODIRI in Uncategorized

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It has been reported that a RSS-BJP sponsored “Ram Raj Rath Yatra” has been flagged off from Ayodhya in U.P. yesterday which is supposedly to retrace the route of Rama to Sri Lanka, as described in the Hindu epic Ramayana. This was flagged off by the VHP General Secretary.
The disaster and communal clashes as also the demolition of the Babri Masjid which followed the infamous Ratha Yatra of Advani in 1996 is well known. There is no doubt that the present Rath Yatra, which is supposed to pass through M.P.,Maharashtra, Karnataka, Kerala and end at Kanyakumari in Tamil Nadu, is also being organised with similar intentions.

Both the central and state governments have to be alert for immediate strong actions to avoid any communal disturbance.

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Why Communications Minister is silent on wage revision of BSNL employees?

14 Wednesday Feb 2018

Posted by VAN NAMBOODIRI in BSNL, General

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BSNL employees, both executives and non-executives coming to about two lakhs are on continuous agitation for about one year demanding that their wages be revised with effect from 01-01-2017, ten years after the last wage revision. A Joint strike participated by almost the entire work force was also organised. The latest is the ‘Satyagraha’ for 5 days and the ‘work according to rule’ programme which is continuing.

BSNL, which was in loss for 5-6 years had started picking up with the initiative of the unions/associations and is in operative profit for the last three years.  Even otherwise the profitablity alone can not be considered in a PSU like BSNL, which implementing the policy of the government for full connectivity to the nation, which entails loss to the PSU.

BSNL Management has already intimated Department of Telecom that it is prepared for wage revision. But the DOT and the Communications Minister is keeping silent.

This is unfortunate and completely not acceptable. The minister should take necessary decision and start the process of implementing the wage revision in discussion with the unions/associations.

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Insurance PSUs Merger – A plan for destruction?

14 Wednesday Feb 2018

Posted by VAN NAMBOODIRI in General

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The government is proposing one more merger of PSUs. This time it is the merger of the Insurance PSUs viz. National Insurance Company Limited, United India Insurance Company Limited and Oriental Insurance Company Limited.

In the name of making bigger and better companies, all the mergers of PSUs so far done have been disasters.  Merger of Air India and Indian Airlines made the PSU loss making. Merger of its associated banks with State bank of India resulted in loss for State Bank, which was unprecedented. Now the present proposed merger is not going to be different. This is intended to give benefit to the private insurance companies as was the case with the earlier mergers.

The reaction of the Unions of the Insurance companies is yet to come. I hope that they will examine the case seriously take the correct decision.

 

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INTUC not invited to ILS – Protest by Central TUs

14 Wednesday Feb 2018

Posted by VAN NAMBOODIRI in Uncategorized

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The BJP government is continuing its discrimination against INTUC, the second largest central trade union in India. Invitation was not extended to INTUC by the government to the the 47th Indian Labour Conference (ILC) to be held on 26-27 February 2018 on flimsy grounds. All the Central Trade Unions have strongly opposed the discrimination and alleged that it is politically vindictive.

The plan of the government to divide the workers need to be defeated. The government should invite invite INTUC also to the Convention.

 

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Bank of India also in loss

13 Tuesday Feb 2018

Posted by VAN NAMBOODIRI in General, PSU

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We have mentioned in our posts about the huge loss of the SBI in the quarter ending December 2016, which was unprecedented and happened after 12 years. Now it has been revealed that Bank of India is also in loss for the same quarter to the tune of Rs. 2,341 crore. It had posted profit in the earlier quarter.

The main reasons of the loss are Demonetisation and the increasing NPA. Thousands of crores of rupees are taken as loan by the corporates and the same is not remitted to the bank, which is treated as NPA and written off. In December alone the NPA rose to Rs. 64,249 crore in Bank of India.

If it is bad loans from ordinary people, it is forcefully taken back, even by employing goondas and  coercion. But when it is the corporates and high people in society, the bad loans are written off!

And the government is moving to pass the FRDI Bill, which will enable the Banks to take away the hard earned  money of the depositors to cover up the losses. The big corporates never keep much money in banks and hence no loss to them. It is the hard earned money of the toiling masses and middle class, which will be confiscated to compensate the NPA.

The fight to save our deposits in the Banks will have to start without delay.

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