DPE has issued orders increasing the IDA for the PSU employees with effect from 1st October 2013. The increase is 6.6% and the total IDA from 01-10-2013 is 85.5%.
DPE issued orders on IDA from 1st October 2013.
08 Tuesday Oct 2013
Posted in PSU
Category Archives: PSU
Protest the irresponsible statement of privatisation of Air India
06 Sunday Oct 2013
Posted in PSU
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Unions oppose Airport Privatisation
30 Monday Sep 2013
Posted in PSU
The Employees Unions in Airport Authority of India (AAI), has decided to organise agitational programme against the proposal of the government to hand over the airports at Kolkata, Chennai, Ahmedabad, Lucknow, Jaipur and Guwahati to the private companies. These airports have been recently modernised by the AAI by spending huge amounts and are the airports from which the AAI is getting profits. New Delhi, Mumbai, Bangalore and Hyderabad, big and profitable airports have already been privatised. If the above six airports are also privatised, then AAI will be left with small airports which are mostly loss making. The union has suggested that if the government wants to privatise, then they can privatise these small airports.
Against the proposed privatisation, the unions are organising four days Relay Hunger Strike from 22nd October 2013.
We support the demand of the AAI employees and their unions and demand the government to desist from the proposed privatisation of airports, which is completely against the interest of the nation.
Standing Committee opposes Bank Licences for corporates
28 Saturday Sep 2013
Posted in PSU
The proposal of the UPA-II government to give bank licences to the corporates and big business has been opposed not only by the bank employees, but others also, who are connected with the bank industry. They know that what happened earlier when the private banks were operating. It neither helped the people nor did they grow. In fact the people were cheated. That is why the government at that time nationalised them. Despite that position 12 private banks were set up after 1993, as part of the neo-liberailsation policy. But, as per reports, except one bank, all others have disappeared. At the same time it is the growth and functioning of the Nationalised banks that the global recession did not hit India in the same harsh way it did US and Euro countries.
Now, the Parliament Standing Committee on Finance, to which the matter was referred to by the Parliament has unanimously demanded the government to drop the ill-advised proposal to grant licences to the Industrial and corporate houses. It is interesting that Rahul Gandhi, Congress Vice-President is one of the members of the panel and that the report was unanimous.
It is better for the government to drop the proposal of starting such new banks. It is not in the interest of the nation.
Coal Workers Strike postponed.
21 Saturday Sep 2013
Posted in PSU
The strike by the coal workers scheduled to start from 23rd September 2013 against disinvestment / privatisation has been postponed after meeting with the management as also to bring further unity amongst the workers.
PSU Staff reduced to half.
22 Thursday Aug 2013
Posted in PSU
It is reported that employees in Central PSUs have been reduced from 29 lakhs to allmost half during the last decade.
This is mainly due to nonrecruitment or scant rectuitment while tens of thousands are retiring every month.
It is the same with BSNL also. When BSNL was formed in 2000 there were 3.5 lakh employees, who have been reduced to 2.5 lakhs now.
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Coal India Workers on Strike on 23-25 September
19 Monday Aug 2013
Posted in PSU, TU News - India
New Delhi, Aug 19 All trade unions of Coal India
have decided to go on a three day strike from September 23,
saying the government and the company have not paid heed to
the directions given by Coal Minister Sriprakash Jaiswal.
An earlier notice for a 3-day strike beginning September
19, given by CITU-led All India Coal Workers’ Federation
(AICWF) will now be withdrawn, the unions said in a joint
notice for the strike. The unions had held a meeting yesterday
in Ranchi on the issue.
“After detailed deliberations, representatives of five
central trade unions resolve to serve strike notice for three
days with effect from September 23 to 25,” the trade unions
said in the notice to Coal Secretary and Coal India Chairman.
The five central trade unions operating in Coal India and
its subsidiaries are Indian National Trade Union Congress
(INTUC), All India Trade Union Congress (AITUC), Bharatiya
Mazdoor Sangh (BMS), Hind Mazdoor Sabha (HMS) and Centre for
Indian Trade Unions (CITU). They operate either directly or
through their affiliates.
A 10 per cent disinvestment in Coal India and its proposed
restructuring are among the major issues against which the
trade unions are threatening to go on strike.
All India Co-ordination Committee of PSU TUs
18 Sunday Aug 2013
Posted in PSU
An All India Convention of the All India Co-Ordination Committee of PSU Trade Unions was held today, 18th August 2013, at Ranchi, the capital of Jharkhand. The convention was held at HRDC premises.
Com. Swadesh Dev Roy, Secretary CITU presided. Com. Tapan Sen, General secretary, CITU presented the Back Ground Note for discussion. He narrated the latest developments in the Trade Union Front, the decisions of the National Convention of Workers held at New Delhi on 6th August which decided for massive propaganda on the 10 points demands raised in the 48 hours strike on 20-21 February 2013, and state level conventions to be organised. Com. Tapan Sen focussed on the demands of the casual, contract workers and the need of the regular workers to give full support to their struggle. He also focussed on the attack on the PSUs by the government and its complete support to the private sector.
The delegates spoke based on the Back Ground Note. On behalf of BSNLEU and BSNLCCWF, Coms. P.Abhimanyu and V.A.N.Namboodiri spoke respectively. The issues of BSNL and the contract workers were focussed by the two speakers.
The Convention ended with a clarion call to effectively implement the decisions of National Convention and the present convention.
Govt. approves support to sick PSUs for payment of wages – A Report
15 Thursday Aug 2013
Posted in PSU
Employees of 10 ailing central public sector enterprises (CPSEs), including Hindustan Cables and HMT Ltd, will get outstanding salaries and other statutory dues like PF and gratuity for six months till March 2013.
“The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal for providing non-plan budgetary support of Rs 128.26 crore for liquidation of statutory dues (provident fund, gratuity, pension, employees state insurance and bonus) and salary and wages from 1 October 2012 to 31 March 2013 in respect of 10 CPSEs, under the Department of Heavy Industry,” an official statement said.
The CPSEs are Hindustan Cables Ltd, HMT Ltd., HMT (Watches), HMT (Chinar Watches), Nagaland Pulp & Paper, Triveni Structurals, Tungbhadra Steel Products, Nepa, HMT Bearings and Hindustan Photo Films, it added.
The revival/closure plans of Hindustan Cables Limited, Triveni Structurals, HMT (Watches), HMT (Chinar Watches) and Hindustan Photo Films Limited are yet to be finalised, it said.
The revival plans of Nepa and HMT Ltd have recently been approved, while revival plans of HMT Bearings, Nagaland Pulp and Paper Company and Tungbhadra Steel Products are yet to materialise, the statement said.
“It was, therefore, considered essential that the interim financial support from the government be provided so that the operation of the companies may not be affected. Non-settlement of these liabilities has been causing serious hardship not only to employees of the companies but also adversely affecting the day-to-day operation of the companies resulting in further deterioration of their performance,” it said.
Source: The Economic Times
Withdrawal from NPS may be allowed.
15 Thursday Aug 2013
Posted in PSU
The Pension Fund Regulatory and Development Authority (PFRDA) is thinking in terms of allowing partial withdrawal to the subscriber from the National Pension Scheme (NPS), even before maturity. At present as per the PFRDA Ordinance, no withdrawal is allowed before maturity ie. before reaching the age of 60 years. The Parliamentary Standing Committee had earlier recommended that withdrawal should be allowed even before maturity. The NPS is reported to have about 53 lakh subscribers and a corpus of about Rs. 35,000 crore.
While the PFRDA under the Ministry of Finance is for shifting the subscribers of EPFO to the NPS, the Labour Ministry which operates the EPF is against the same. However, the Finance Ministry headed by P.Chidambaram is putting pressure, so that EPF corpus of lakhs of crores of rupees can be made available to the Fund Managers of NPS to be utilised for business purposes. The argument of the PFRDA is that while there is assured returns for EPF subscribers, the returns from the NPS is more. This is only a fallacy. The returns from NPS is volatile and it can be reduced also. It depends upon the market. The hard earned savings of the workers can not be put at the mercy of the corporates and the business sharks. Though the present Fund Managers are mainly PSUs like LIC and SBI, there is every chance that the private insurers, Mutual Funds etc. may gain access in future to the Fund. Then it will, no doubt be, a disaster. Hence the workers are completely against putting the Funds of EPF at NPS. This proposal is not acceptable to the workers. It has got to be resisted and defeated.
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