Category Archives: Neo-liberal policy

Recession in employment.

17 Wednesday May 2017

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While Modi Government is praising itself on more employment  in the country during the last three years of its rule, the daily reports coming in the press give a completely different picture.

The government is not filling up the vacant posts due to retirement in the central departments like Railway, Posts, Income Tax etc. etc. Public Sector Units have been directed not to fill up the vacancies. In the private sector, the situation is not different. Infoysis, Wipro, Cognizant, IBM, Ford – all these MNCs have started retrenching workers in thousands. The decision of USA, Gulf countries etc. to restrict migrant job seekers is one of the reasons.

Government of India has to take urgent steps to ensure that the young people get jobs.

Privatsation of Chennai, Kozhikode Railway Stations.

21 Friday Apr 2017

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As part of implementing the Bibek Debroy report, central government is proposing to privatise many railway stations in the name of modernisation, providing more facilities etc. Chennai and Kozhikode are two of these railway stations.

The intention is to hand over the railway stations to the private so that the latter can utilise the land, construct buildings, do their business and garner huge profit. They will loot the travellers by increasing price  for everything in the station, including food. The hard experience of the privatisation of airports is before us.

This attack on the Railways and the public/travellers has to be opposed and defeated as was done in the case of privatisation of Chennai and Kolkata airports by the people of T.Nadu and W.Bengal. It is appreciated that the trade unions, on the initiative of the  railway unions, have opposed the anti-worker  anti-people decision.

Reliance Jio may post loss of Rs. 19,000 crore in 2017-18

04 Tuesday Apr 2017

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It is reported in Economic Times that Reliance Jio will register a loss of Rs 19,600 crore in 2017-18 and Rs 11,500 crore in 2018-19.

Jio has got about 100 million customers. It has got a deep pocket and  is trying with all the help from the government to ride over all other telecom companies. Once the other companies are put down, then the charges will be increased and the loss will be made up.

Of course, corporates have no respect for law and ethics. Profit is their only motive. And Reliance tops the list.

VRS/CRS in SBI after merger of associated banks with SBI

04 Tuesday Apr 2017

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After the associated banks have been merged with it, SBI has started VRS for thousands of  employees. About 450 temporary/ casual employees of the former State Bank of Travancore has already been retrenched.  Afraid of retrenchment, many officials are opting for VRS, which really is CRS (Compulsory Retirement Scheme).

The retrenched employees have demanded fr their reinstatement and some of them have already started agitational programmes.

Stop this move to close SBI Branches.

03 Wednesday Aug 2016

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It is reported that about 400 branches of SBI has been closed and some more are going to be closed, in the name of reducing expenses and on the plea that there are many branches in the same city itself. It is also stated that this is being done on the basis of the recommendations of a committee.

This decision to close the SBI branches is completely anti-worker, anti-customer and anti-SBI. There is no justification for the same except to reduce the business of SBI and to help the private banks. Instead of taking strong measures to recover the NPAs (bad loans) coming to lakh of crores of rupees from the corporates and big business, closing of the customer friendly branches will not do any good.

It is against such anti-people, neo-liberal policies that the crores of workers are going on a massive strike on 2nd September 2016. Make the strike a big success and a slap on the face of the government!

To Favour corporates and MNCs, Govt. attacks the rights of workers

24 Friday Jun 2016

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In order to favour the Corporates and the MNCs, the NDA government is attacking the hard earned rights of the workers. The latest is the decision of the central government to exempt the workers from the EPF facility in the textile industry.

The government’s anti-worker decisions have to be exposed and defeated.
Organise the 2nd September 2016 strike called by the Central Trade Unions with maximum participation!

Central Trade Unions oppose increase of FDI in strategic sectors like Defence, Civil Aviation etc.

22 Wednesday Jun 2016

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The Central Trade Unions, CITU, BMS etc. have expressed their strong protest against the increase of FDI in the strategic sectors like Defence. Civil Aviation etc. making them completely under the control of the MNCs. The decision has to be withdrawn in the interest of the nation.

100% FDI in Defence, FDI increase in all sectors – Protest by Opposition Parties

20 Monday Jun 2016

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It is a ‘monsoon’of FDI announced by the Government of India. Against all earlier guidelines, 100% FDI has been announced in the strategic defence sector.This will give free hand to the private defence companies to take over the Indian defence production.

The FDI in Civil Aviation, Single Brand Retail, Pharma and certain other sectors have been increased including up to 100%.

India has now become the playground for the MNCs, foreign banks and financial institutions. The national security concerns are ignored.

The opposition parties including Congress and Left parties have strongly opposed the new increase in FDI.

AITUC completes 95 years

31 Saturday Oct 2015

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All India Trade Union Congress (AITUC) completes 95 years by today, 31st October 2015. It was founded on 31st October 1920, the first central trade union in the British India. Communists, Congressmen, Socialists – all were there in the organisation. Freedom Fighter and senior leader, Lala Lajpat Rai was its first President. Veteran leaders of various political parties were its Presidents in course of time.

AITUC was the only central trade union till 1947, when the Congress Party formed its own trade union, INTUC. HMS and BMS were formed later. CITU was formed in 1970. Now almost all political parties are having their own trade union organisation.

However, time has shown that no trade union singly will be able to settle the important issues of workers. Now all the Central Trade Unions have come together to fight for the workers’ issues on a common platform. The latest strike by the Central Trade Unions were on 2nd September 2015 on the 10 point demands which included bringing down of price-rise, Rs. 15,000 wages for contract workers, no privatisation of PSUs etc., in which more than 15 crore workers participated. The last moment withdrawal of BMS on the direction of RSS did not make much difference in the overall participation in the strike. Further co-ordinated struggles are necessary to safeguard the interests of the workers in this crucial period.

 

Postal Bank will be registered and will start work by January 2017

02 Friday Oct 2015

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“The government is likely to register the postal bank by the end of the year while a pilot for payment services will be launched around January 2017.

According to sources, as per the timeline for setting up postal bank, approval from NITI Aayog will be secured by mid-October followed by public investment board’s nod by October-end and Cabinet approval in November.

“The registration for postal bank is planned be done in December and a pilot will be launched in January 2017,” said an official in the Communications and IT Ministry.

He said the bank will be an independent company with initial corpus of Rs. 300 crore and the new entity will enter into revenue sharing model with the Department of Posts (DoP).

The Reserve Bank had granted in-principle approval to 11 applicants, including DoP, in August to set up payments banks.” (Courtesy: Business Line)