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Category Archives: PSU

Matters connected with Public Sector Units (PSU)

2 Lakh unfilled vacancies in Railways

12 Monday Feb 2018

Posted by VAN NAMBOODIRI in CG Employees, General, PSU

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There are about 2 lakhs unfilled vacancies in the Railways! Due to non-filling up of the vacancies arisen by retirement etc. the Railways are acutely in shortage of staff, which hampers the smooth functioning of the biggest organisation, which caters to the travel needs of crores and crores of people.

Almost 20,000 – 30,000 employees are retiring every month with out any new recruitment. In the last one year alone, 21,678 employees have retired as per the reply given by Railway Minister to Com. C.P.Narayanan, M.P. The requirement will be much more if the development and new routes and trains are taken in to consideration.

While BJP had promised at the time of elections to ensure 2 crore new jobs every year, in the last four years of its rule, it could not provide even ten lakhs job. As in the case of Railways, even the existing vacancies are not filled.

The government should not ignore the need of the Railways as well as the unemployed. It should immediately act to fill up the vacancies in Railways.

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NALCO posts profit of Rs.722 crore

11 Sunday Feb 2018

Posted by VAN NAMBOODIRI in Disinvestment, PSU

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National Aluminium Company Limited (NALCO) posted an increased Rs. 722 crore profit in the quarter ending December 2017. The profit in the same quarter in 2016 was Rs. 235 crore and in 2015 Rs. 144 crore. It is reported that there is 207% growth for the PSU. Hearty Congratulations to the workers and management of NALCO who made this profit!

It is to be remembered that the Bajpayee government wanted to sell NALCO in 2001, at the same time as it sold 51% of shares of Bharath Aluminium Company Limited (BALCO) to Sterlite Industries. But the trade unions and the people of Orissa made such a strong protest and agitation that the government was compelled to turn back from the disastrous move.

Now the Modi Government is in a mad rush for selling the PSUs, the valuable assets of the people, to the corporates. It has to be fought and defeated as was done in the case of NALCO. It is not impossible.

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Banks merger puts SBI in big loss of Rs. 2416 crore – a hard lesson for PSU workers

11 Sunday Feb 2018

Posted by VAN NAMBOODIRI in General, PSU, SAVE BSNL CAMPAIGN

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According to reports in the press, the SBI has posted a huge loss of Rs. 2416 crore in the three months quarter ending December 2017. This is the first time that SBI has posted any loss since the quarter ending March 1999, which was Rs. 115 crore. The loss is mainly due to the increased NPA (bad loans), reduce returns from bonds etc. But another major reason is the merger of the six associate banks including State Bank of Travancore, with SBI. The merger was implemented despite strong opposition by the workers.

Merger has been made a tool by Government to make PSUs in to loss making. While both the airline PSUs, Indian Airlines and Air India were profitable, the merger, among other reasons like purchase of large number of planes which were not at all required, made the merged Air India in to loss. The same policy is now implemented in the bank sector and made SBI posting loss.

Government is now planning and moving fast for merger of BSNL and MTNL in to one entity. BSNL is fighting for survival with the initiative from the workers and has earned operational profit for the last three years,though the net loss continues. MTNL is in a very difficult financial situation with increasing loss. The merger with out writing away the loss and repurchase of the disinvested shares to the tune of 46.5% of MTNL will be disastrous. That disaster is exactly, what the government wants to hand over the telecom sector completely to the foreign and Indian corporates. Why can not the government which is allowing the banks to write of lakhs of crores of rupees of loan taken by corporates, alow the same in the case of its own PSU MTNL?

The fact that the entire workers / unions in BSNL are on united struggle to save BSNL is a very welcome step. The privatisation of BSNL and MTNL is not only against the interests of the BSNL, MTNL workers and the customers of both the PSUs, but also of the entire telecom customers of all the private telecom operators. Once BSNL and MTNL is closed or privatised, there will be no limit to the charges for telecom service. India has one of lowest tariffs in the world and absence of the PSUs will result manifold tariff increase, which will be much beyond the capacity of the ordinary customer. India has got mobile connection of about 110 crore. The high tariff cost may perhaps reduce the telecom density, but the profit that will be garnered by the telcos will be manifold with reduced costs. This what the pro-corporate government wants.

The struggle against unwanted merger of PSUs as in the case of banks and telecom sectors, should continue and the government move should be defeated.

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Parliament Standing Community against disinvestment / privatisation of Air India.

08 Monday Jan 2018

Posted by VAN NAMBOODIRI in Disinvestment, PSU

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The Parliament Standing Committee on Transport, Tourism and Culture has suggested to the government that instead of privatisation / disinvestment of Air India, it should be given at least five years for revival. Instead of privatisation / disinvestment, an alternative for improvement of the national carrier, which is the pride of the nation, should be explored, it said.

Certainly. The government should completely withdraw from its move to privatise / disinvest Air India, the pride of the nation.

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Loss making PSUs in Kerala made profit making under LDF Rule.

07 Sunday Jan 2018

Posted by VAN NAMBOODIRI in PSU

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Central government is closing or privatising its PSUs one after another on the plea of loss making. Due to the anti-PSU policy of the Modi government, many profitable PSUs are drifting towards loss.

But in Kerala, the situation is different. While under the UDF rule led by Congress most of the state PSUs posted loss. There was corruption, misuse of funds etc. But after the LDF government came one and half years back, the PSUs have started improving and many of them have become profit making.

While in the UDF rule the total loss of the 42 PSUs under the Kerala government was Rs. 113 crore. During the last one year under the LDF rule, these PSUs has posted a total profit of Rs. 34.19 crore. This is the result of the pro-PSU policy of the government.

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Wage Revision in CPSEs – Policy cleared by Cabinet

23 Thursday Nov 2017

Posted by VAN NAMBOODIRI in PSU, Wage Revision BSNL - 2017

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The Cabinet on 21st November cleared the policy for wage revision in Central PSUs, based on the recommendations of the III PRC. No budgetary support would be provided for any wage increase by the government, and the entire financial implication would be borne by the respective CPSEs from their internal resources.

“In those CPSEs for which the government has approved restructuring/ revival plan, the wage revision will be done as per the provisions of the approved restructuring/ revival plan only,” an official release said.

According to the approved policy, CPSE managements would be free to negotiate wage revision for workmen where the periodicity of wage settlement of five years or 10 years has expired generally on December 31, 2016 “keeping in view the affordability and financial sustainability of such wage revision for the CPSEs concerned,” the release added.

Also, CPSE managements need to ensure that negotiated scales of pay do not exceed the existing scales of pay of executives/ officers and non-unionised supervisors of respective CPSEs, it added.

There are about 12.34 lakh employees in 320 CPSEs in the country. Of these, about 2.99 lakh are board-level and below board-level executives and non-unionised supervisors, while the remaining 9.35 lakh employees are in the workmen category.

“Wage revision in respect of unionised workmen is decided by trade unions and managements of CPSEs in terms of guidelines issued by the Department of Public Enterprises (DPE) for wage negotiations,” an official release said.

The wage policy also makes it clear that CPSEs must ensure that any increase in wages after negotiations do not result in an increase in administered prices of their goods and services, as also any wage revision “shall be subject to the condition that there shall be no increase in labour cost per physical unit of output.” (Courtesy: Business Standard)

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Air India moves fast for disinvestment

22 Wednesday Nov 2017

Posted by VAN NAMBOODIRI in Disinvestment, PSU, Uncategorized

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Despite strong protests from the unions in Air India and the Central trade Unions, Air  India is moving fast for strategic disinvestment as per the decisions of the government. Private companies have been pressing the government to keep away Air India from the sky so that they can exploit the travellers without any limit and be the unquestioned kings of the sky.

Though some of the government spokesmen were telling that Air India disinvestment has not been decided, the Air India management is moving forward with the process. Five internal project teams have been constitutes as reported in Hindu dated 22-11-2017 to work towards ensuring that the timelines set by the government in the disinvestment matter is achieved.

It is necessary that the disnvestment move of the government is stopped.

 

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Was NTPC blast due to compromise on Safety?

03 Friday Nov 2017

Posted by VAN NAMBOODIRI in General, PSU

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NTPC blast

 

Was there lack of compromise on safety factors by NTPC in the blast which killed 30 workers and about 70 workers have received serious burns who are fighting for their lives in the hospital?

While the entire country mourns for the loss of valuable lives and pray for the lives of those in the hospital, serious questions have been raised by All India Power Engineers Federation. A press report in the matter is quoted below:

“http://www.dailypioneer.com/state-editions/lucknow/did-ntpc-officials-compromised-on-safety.html

Did the officials of NTPC compromised on the safety factors which resulted in the catastrophic incident where 30 workers, majority of them casual workers, lost their lives and 66 others received burns, some of them over 70 per cent, and struggling for their lives.

Questions are raised whether the unit 6 of the Unchahar Thermal Power plant was ready to start operation. Was the operation cleared by the competent authority or NTPC higher-ups forced the officials to start operation without giving a “cooling period” to the plant to settle down.

It is believed that this unit was made operational within 2 and a half years time while normally it takes a unit three and half to four years to start operation.

“Around 150-200 people were working in the boiler’s section at the time of accident is clear indication that work in the plant was not complete. In a running plant only 5-6 people work at a time at that section. Why so many people were working at that time?,” asks Shailendra Dubey, Chairman, All India Power Engineers Federation (AIPEF) .

Safety factors should not be compromised at any cost in rush of running the power plant. The AIPEF has demanded a high level independent enquiry in the whole matter so that such type of incident may not occure in future, he said.

The blast was reportedly triggered in the duct connected to the boiler which is used for transferring ash of burnt coal. It is believed that the ash pipe got choked, causing the blast.

Apart from huge accumulation of ash in the furnace, the problem also got aggravated when the coal powder which was pumped into the furnace developed a `clinker formation’ .As workers were engaged to break the clinkers, the coal supply got disrupted. This disturbed the pressure which raised to +350 mmwc from normal pressure of +/-5 mmwc into the boiler which started vibrating before bursting from corner number 2.

The formation of coal clinkers often causes serious problem for smooth working of a power plant,’’ said Dubey. He said that the boiler has enormous pressure which needs to be maintained with smooth flow of coal.

Shailendra Dubey said that AIPEF will soon submit a memorandum to Central Power Minister R K Singh in this respect demanding strict adherence of safety measures in running the power plants.”

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Festival season approaching – Where is the Bonus for BSNL employees?

25 Monday Sep 2017

Posted by VAN NAMBOODIRI in BSNL, PSU

≈ 2 Comments

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Bonus, BSNL employees

Bonus is the deferred wage. There was no Bonus for government employees till 1977. Sustained struggles were fought by the Railways and Central government employees for Bonus, including the historic Railway Strike of 1974. It was only after the Janata Government came in to power that Bonus was granted.

The government has announced Bonus for Railway, Postal and other central establishments for 2017, though it is below the demand of the employees. But BSNL employees, who were central government employees earlier, have not been granted the same so far, despite demand from the unions. The Festival season has started and the delay in announcing the same is unjustified.

We demand the BSNL management to announce the Bonus for employees at the earliest.

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Stop Privatisation of Railways

25 Monday Sep 2017

Posted by VAN NAMBOODIRI in General, PSU

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privatisation, Railways

The Central government is moving to hand over some Railway lines and running of some trains to private players. Railway Minister Piyush Goyal stated that it will increase competition and improve customer satisfaction.

This move is dangerous and against the interest of the people. The British Government in India has taken over the Railways from East India Company and has been running it as a government department. It is the biggest organisation in the country covering the entire nation and serving crores of people every day. Railways have its weakness and inefficiency, which necessarily has to be attended to. The poor people use it for their travel at low cost. It connects the entire country, which is used for travel by people as also for transporting goods.

Already the government has started process of privatisation of Railway Station in the name of modernization, through  which the private companies will be able to monetise the land near stations for malls and business purposes and garner huge profits. Just like the private airports like Delhi, Mumbai etc. the cost for every thing inside the Stations will increase.

Any privatisation of Railways is going to increase the travel and transportation charges which will be beyond the ability of the ordinary people to bear. May be better conveniences will be arranged for those who can pay, but trains will be out of reach of the poor people. Prices of all commodities will increase because of the increase in transportation charges. Competition by private companies are sure to increase accidents and derangement as in the case of road traffic.  The move of privatisation of Railways is most dangerous and anti-national.

When the British Government privatised their Railways, the service became inefficient and costly resulting in agitation demanding take over by the government. If that is the state in a small country like England, what will be the situation in a large country like India?

Mighty strong protest actions are required against this anti-people move of the government.

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