Category Archives: PSU

Matters connected with Public Sector Units (PSU)

Jaipur and Ahmedabad Airports being sold to private

24 Saturday Jun 2017

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There is not a single day without news about selling of the central PSUs. The latest is the privatisation of the airports at Jaipur and Ahmedabad. The government has proposed to hand over these two airports to the private for a period of 10 years. The private companies want the period to extended to more years. As usual, the government is likely to surrender to the corporates and increase the period from 10 to 15 or 20 years.

Modi government will convert all the PSUs in to private companies, unless might opposition and struggles take place by the workers and the central trade unions against this selling of the government assets.

Agitation against privatisation of HLL Life Care Limited

24 Saturday Jun 2017

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The decision of the central government to privatise the HLL Life Care Limited, the PSU manufacturing contraceptives etc. stationed at Thiruvananthapuram, is strongly opposed by the 20,000 workforce as well as the trade unions in the city. Stated in the 1970s, the Hindustan Latex Limited 9 the former name of HLL Lifecare Limited), the company has grown in a big way with continuously posting year after year.
19 acres of prime land was allotted by the government for the HLL at the nominal rate of Rs.2? and the Tamilnadu and Karnataka Governments also have contributed. There is anger and frustration among the workers and the local people, since a good percentage of the workers belong to the area itself. Realising the anger, the HLL management has now proposed to the government 49% stake sale.

Neither there is any need for stake sale nor privatisation. CITU, along with the union in HLL have strongly protested privatisation. The company is running well, it is profitable and it is supporting the local people.The government should withdraw its proposal for privatisation/stake sale and allow the PSU to function as before.

Stop Privatisation of HLL (Life Care) Ltd.

19 Monday Jun 2017

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The Central government’s move to privatise the HLL (Life Care ) Ltd. (former Hindustan Latex Ltd.) is ill-advised and against the interests of the country. This is the PSU which manufactures contraceptives and which has been effectively used for the last many years. The company is profitable. Thousands of workers are employed there.

In its eagerness to satisfy the  greed of the private corporates, this well running profitable PSU is being sold to the private. The workers and their unions have strongly opposed privatisation. Kerala M.P.s  have written to the Prime Minister demanding to keep the company as PSU.

The Central Government should drop the anti-people, anti-PSU move.

 

Signature Campaign against Privatisation of Kozhikode Railway Station

16 Friday Jun 2017

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As part of the protest action under the ” Kozhikode  Raliway Station Protection Committee”, a signature campaign was started at the station premises today, 16th June 2017, against the move to sell the Railway land to corporates in the name of modernisation of the station. About 5 acres of railway land is being leased to private parties at the rate of Re.1 for a square metre for 40-45 years.

IT IS PROPOSED TO COLLECT MORE THAN 5 LAKHS SIGNATURE AND SUBMIT THE SAME TO THE PRIME MINISTER DEMANDING WITHDRAWAL OF THE MOVE FOR PRIVATISATION.

Large number of people have already signed the memorandum.

 

 

 

 

 

 

 

 

100% Disinvestment or Open sale of profitable PSU, HLL

15 Thursday Jun 2017

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The earlier plea of the government that the only the loss making PSUs are being sold, is now abandoned. Whether the PSU is profitable or not, it is going to be sold today or tomorrow. The design of the  government is very clear that all the PSUs, along with their land, will be handed over to the private corporates. There is no difference whether they are connected with the security of the nation, whether they are public services or in any  most important sector.

The latest information is that the profitable Hindustan Latex ( HLL Lifecare Limited ), a Mini Ratna company, is being sold with 100% disinvestment. It has a net revenue of 1,127 crores  and profit of Rs. 31 crore in 2015-16. This PSU has been profitable for continuously and situated in Kerala.

United Struggles to save the Public Sector

05 Monday Jun 2017

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The aggressive attack on the Public Sector by the Modi Government is intended to finish off all the existing PSUs, which have greatly contributed to the growth of the country, and hand over them to the greedy corporates. Whether profitable or not, all the PSUs one by one are going to be disnvested, sold and or closed.

United/Joint Struggles by the entire workers, executives and management with the support of the people are essential for saving the public sector. Leave aside other differences and unite to fight the anti-PSU policy of the government and save the PSUs.

Govt.’s Privatisation Mania – Railways, Air India, Defence Factories, BEML

01 Thursday Jun 2017

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The privatisation mania of the Modi Government is going to cost the people dear. Earlier, the centre used to say that the loss making PSUs will be privatised. Now it is going on with massive privatisation of all the PSUs.

23 major Railway Stations, including Kozhikode and Chennai are identified for sale to the private companies and the tender is being finalised. NITI Ayog has recommended and Civil Aviation Minister is moving for  sale of Air India. Defence Equipment PSU, BEML is being strategically sold. NITI Ayog has recommended a similar fate to BSNL.

All these PSUs/Government Departments are considered as important areas connected with the security of India. BSNL was not allowed to buy Chinese equipment citing security risk.

Now the national importance or security concerns are all gone. Only one thing is there. That is to sell these important institutions to the private companies for increasing their  (corporates) profit. The people, who are the real owners will lose heavily. The services will cost much more. The national wealth is looted. It is all in the name of modernisation, reducing the loss etc. etc.

There is no other way but to oppose and defeat these anti-national decisions and save the precious PSUs. It is heartening to note that the central trade unions and the national federations have come together to fight this menace.

 

 

AI and AI

29 Monday May 2017

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So far AI meant Air India. But now the ‘AI’ is more and more being used for Artificial Intelligence.

Government wants to eliminate Air India by closure or by strategic sale. Then, only one  AI will be there – Artificial Intelligence, which means more and more robots and robotics, mainly benefitting the corporates, rich and powerful, thus reducing the workforce.

However, the Air India workers and the people will not allow the major PSU, Air India, to be privatised. There is going to be sustained struggles, that I am sure.

Air India may be put up for Strategic Sale – Finance Minister

28 Sunday May 2017

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The Finance Minister Arun Jaitley’s statement that Air India may be put up for strategic sale has shocked the nation. Air India and Indian Air Lines were both profitable, but after compulsory merger by the government, the merged Air India became loss making. The unnecessary purchase of planes, almost three times its requirement, at the behest of the then Minister Praful Patel and wrong policy decisions are the main reasons. For the last three years, Air India has reduced its losses and has posted operational profit. The deficit is mainly due to the depreciation for the assets like planes etc.

Probably the government may have a feeling that once Air India becomes profitable, it will be difficult to privatise it. Hence the urgency to implement strategic sale of this great PSU.

It is no different with BSNL. Once it is posting operational profit, NITI Ayog has recommended its closure or privatisation.

The Modi government in its privatisation madness, is going to destroy all the Public Sector Units one after another. This madness has to be cured by the sustained struggle of the workers with the full support of the people, who are the real sufferers.

Steel Workers’ Strike Against Strategic Sale

24 Wednesday May 2017

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The workers of the three units of Steel Authority of India Limited (SAIL) at Durgapur (W.Bengal), Salem (T.Nadu) and Bhadrawati (karnataka), went on strike on 11th April 2017 against the decision f the central government for the strategic sale of these units. SAIL is in the process of appointing Advisors , investment bankers, financial institutions etc. for the sale. The strike was jointly called by all the unions including CITU, AITUC, INTUC and HMS.

This sale of the asset of the nation is being implemented as part of the ‘privatisation policy of the government’. National assets are gifted to the corporates.

We fully support the struggle and extend our solidarity!