03 Thursday Sep 2015
Posted in PSU
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Steel Authority of India Limited (SAIL), a Maharatna PSU, has a plan of modernisation of Rs. 75,000 crore of which Rs. 58,000 work is over. This year an amount of Rs. 7,500 crore will be invested by March 2016.
01 Tuesday Sep 2015
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On this 59th anniversary of the Life Insurance Corporation of India, we extend hearty Congratulations and Greetings to LIC and the workers, who have magnificently charted its course for better service and strong financial viability. It is only with the committed and dedicated service of the LIC employees, Agents, Management and all concerned that the company has grown and became the one of the best PSU in the country.
1st September 1956 is a red letter day for the nation. It was on this day that the private Insurance companies were taken over by the government and LIC was formed. Now, looking back we can realise that it was a wise decision. There is no Life Insurance Company in the world with a better serve record.
Keep up LIC! The nation is with you!
27 Thursday Aug 2015
Posted in Neo-liberal policy, PSU
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It is reported that the new Chairman of the Public Sector NTPC may be from the private sector. Some of the PSU Banks are also going to be imposed by private sector people. This is completely inappropriate and against the interests of the respective PSUs.
This anti-PSU policy is to be resisted and defeated.
21 Friday Aug 2015
Posted in Disinvestment, PSU
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10% share of Indian Oil Corporation will be sold on 24th August. At present, the government holds 68.57%. Now it will be reduced to 63.57%.
Continued selling of Family Silver by the Manager.
21 Friday Aug 2015
Posted in PSU, TU News - India
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More than 13,000 employees of the Neyveli Lignite Corporation (NLC) are on strike since 20th july demanding wage revision. The workers demand is for 24% increase in wages, but the management is only prepared to grant 10%.
NLC is a central government PSU and is under the Coal ministry. We fully support the struggle of the NLC workers.
21 Friday Aug 2015
Posted in PSU
16 Sunday Aug 2015
Posted in General, Neo-liberal policy, PSU
The Bank Unions have strongly protested against the posting of the CEOs of Public Sector Banks from the private sector. The government has now posted the MDs/CEOs of Canara Bank and Bank of Baroda by private sector persons.
The Bank Unions say that there are sufficient efficient, qualified and eligible persons in the PSBs and there is no need of entry from the public sector.
This is fully correct. The BJP government is making these appointments to torpedo the public sector banks.
13 Thursday Aug 2015
It seems that certain manias of government never end. It is now about Voluntary Retirement Scheme in BSNL and MTNL. While VRS was implemented thrice in MTNL, the staff unions in BSNL strongly opposed it and never allowed VRS to take place in the company. Every time, the government had to go back on the scheme due to the mighty opposition and struggles of the unions under the leadership of the Forum, the umbrella organisation.
Once again, the central government, now NDA is taking the old proposal from its store. The proposal as per press reports target about 70,000 – 1,00,000 employees in BSNL. We have told and proved with examples in other PSUs, that VRS always have been bad for the service and the PSU itself. But a government, which is pro-private and is not interested in the growth of PSU, may again try to implement VRS, making it a CRS (Compulsory Retirement Scheme).
The government is to be told emphatically, that the BSNL employees and their unions will never allow any VRS in BSNL which is against the interest of the workers, the service and the country itself.
21 Tuesday Jul 2015
As per the reply given in the Parliament by Minister of State for Finance, Jayant Sinha, the NPA( Non-Performing Assets)or the bad loans of the Public Sector Banks have reached Rs. 2.67 lakh crore by the end of March 2015. Last year it was Rs. 2.16 lakh crore.
The interesting fact is that these bad loans are mostly loans taken by the big corporate and business houses and have not been repaid. Due to their influence on the government and political parties, strong action is not taken for recovery.
At the same time, extra-special efforts are being made to recover from the common people and legal action is taken. But not in the case of big guns. Even if some action is taken, they defend it with Senior Advocates, who manages to stop and delay action.
The Bank Unions have been demanding for the recovery of these bad loans from the big business and corporates, but without results.
In India, big guns are always above the law of the land.
22 Monday Jun 2015
Posted in PSU, TU News - India
The meeting of the All India Co-Ordination Committee of Public Sector Trade Unions (CITU), held at Hyderabad on 22nd June 2015 has called upon the entire PSU workers, including contract workers, to organise and make the One Day Strike called by the Central Trade Unions a big success.
The meeting was held at Com. Sunderayya Vignan Kendra, at Hyderabad. !52 delegates from 46 unions participated. From BSNLEU and BSNL Casual and Contract Workers Federation, Coms. V.A.N.Namboodiri, Swapan Chakraborty, J.Sampath Rao, Mohan Redyy, Taranath and Paripoornachari participated.
Meeting was presided by Com. Vishnu Mohanty, CITU Vice-President. Com. Tapan Sen, General secretary, CITU, inaugurated the convention. Com. Swadesh Dev Roy, Convener, Co-Ordination Committee, presented the report and reported the latest developments. More than 25 comrades participated in the discussion. Com. V.A.N.Namboodiri and Com. Swapan Chakraborty addressed on behalf of BSNLCCWF and BSNLEU respectively.
The Convention unanimously decided to make massive campaign amongst the workers about the anti-worker policies of the government. The policy of the government to close or privatise all the PSUs has to be resisted and defeated. The exploitation of the casual and contract workers have to be opposed and justice meted out to them. The immediate task is to campaign to make the strike a complete success. State level conventions should be organised. Without struggle, negotiations will not be successful. The report presented by the Convener was unanimously adopted. It was also suggested that a meeting of the CPSTU be held in preparation of the strike.
The meeting of the Co-ordination Committee and the discussions and decisions have enthused the delegates. All are determined to make the strike a big success.
VAN Namboodiri's Blog 