06 Saturday Jul 2013
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Left parties today demanded that the Centre withdraw its decision to sell five per cent stakes of the public sector Neyveli Lignite Corporation to private players.
05 Friday Jul 2013
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CITU CONGRATULATES NEYVELI LIGNITE WORKERS FOR HEROIC UNITED STRIKE AGAINST DISINVESTMENT
04.07.2013
The Centre of Indian Trade Unions congratulates the workers as well as all the unions of Neyveli Lignite Corporation(NLC) at Tamilnadu for their all in united indefinite strike action from today against the decision of the Govt to disinvest shares of public sector company.
The strike commenced today and around 27000 workers including 13000 contract workers are in complete strike from today with a firm determination to resist offloading of shares of NLC to private hands.
CITU also congratulates all the trade unions and associations representing the employees and workers of NLC for the all in unity they have built up in the course of anti-privatisation struggle.
CITU condemns the move of the Govt and the NLC management to move to High Court to get the strike banned ignoring the sentiment and opinion not only of the workers and officers of NLC but the people of Tamilandu irrespective of political affiliations.
The heroic all in united strike struggle of the NLC workers against privatization and disinvestment would inspire the public sector workers and the working people in general in the struggle against anti-people economic policy and policy of privatization. CITU calls upon the trade union movement and the working class in general to extend their support and solidarity to the heroic strike struggle by NLC workers.
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05 Friday Jul 2013
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| CITU DENOUNCES GOVT’s MOVE TO PRIVATISE AIRPORTS04.07.2013
A Press Statement issued by CITU protesting Airports’ Privatisation is given below: The Centre of Indian Trade Unions (CITU) strongly denounces the Government’s move to privatize 15 major airports in the country through so called public-private-partnership route as reported by the Press (Times of India of 4 July, 2013). Reportedly, the process is to start with inviting global bids for six airports viz., Calcutta, Chennai, Ahmedabad, Jaipur, Lucknow and Guwahati. It is surprising that, in this beginning round, Govt selected such airports, to hand over to private hands, which are having “substantial commercial activities” and higher revenue earnings; and where already huge investments have been made by the Govt through Airport Authority of India (AAI) for renovation and modernization. Only for modernization and renovation of Calcutta and Chennai airports Rs 3700 crores have been spent by AAI and also thousands of crore of public money have spent for modernizing other 13 airports. And now, handing over the management and control of those airports to private hands, both domestic and foreign, leaving Govt-owned Airport Authority only earn rent/revenue tantamount to transferring of huge public asset virtually free of cost to private hands. Is the Govt entitled to fitter away public asset like that? Most ridiculous is the Civil Aviation Ministry’s argument, quoted by the press, for such a retrograde move of handing over readymade modernized and high revenue earning airports to private players is that such an exercise would improve the management of the airports. Will those wise people say which agency in the country is having more exposure and experience of managing and running airports other than the Airport Authority of India? Or whether the game plan is for handing over the management and control of such vital infrastructure, involving national security like airports, to foreign players? The Ministry officials have also reportedly stated that they “are not being allowed to work at a fast pace” and hence let the private players rule on public asset and earn fortune without making any capital investment. This exposes the game plan further: Not to allow the Airport Authority of India to operate autonomously through bureaucratic interventions, give them a bad name and pave the way for private and foreign players to reign in. This can no way be in the national interest must be stopped forthwith. CITU condemns such disastrous move to hand over the control of management of the vital infrastructure like airports to private hands reducing the Airport Authority to a virtual rent earning non-entity and urges upon to the Govt of India to stop such exercise of privatization of airports through PPP route which is highly detrimental to national interests. CITU calls upon the trade union movement in the country and the workers and unions of civil aviation sector in particular to unitedly resist such move of privatization of airports. -:- |
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30 Sunday Jun 2013
Posted in PSU
The Bank Employees Unions have demanded for early wage agreement with effect from 01-01-2012 as per the five-year agreement. Their wages were revised in 2007 with 17.5 % raise. The Bank Unions are also demanding that the DA increase should be on month to month basis, since the price of essential commodities are rising every month.
24 Monday Jun 2013
Posted in PSU, Uncategorized
PSUs are milching cows for the government. BSNL may be in loss for the last four years due to the neo-liberal policies and inefficient management, but there are many other PSUs which are still making good profit. The following 10 PSUs have given a total amount of Rs. 36,441.74 crore dividend to the government in 2012-13. This is more than Rs. 4,507.64 crore paid in 2011-12, which was Rs. 31,934.10 crore.
Coal India Rs. 8,842.90 crore Indian Oil Corpn Rs. 1,505.33 cr.
ONGC Rs. 8,127.74 crore BHEL Rs. 1,324.15 cr
NTPC Rs. 4,741.14 crore GAIL Rs. 1,217.74 cr.
NMDC Rs. 2,775.29 crore Power Fin. Corpn Rs. 924.01 cr.
Oil India Rs. 1,803.42 crore SAIL Rs. 826.11 cr.
Total Rs. 36,441.74 crore.
21 Friday Jun 2013
Posted in PSU
The Cabinet Committee on Economic Affairs (CCEA) has cleared 5% share sell in Neyveli Lignite Limited Corporation (NLC) expecting to get substantial amount.
Cabinet and Disinvestment Department is on a 24 hours day work for selling the family silver to the private companies.
19 Wednesday Jun 2013
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New Delhi, Jun 19 : Retirement fund body EPFO is planning to settle all claims like transfer and withdrawal of provident fund within three days, a move that will benefit over one crore such claimants every year.
In order to give effect to the proposal of expeditious settlement of claims, Employees’ Provident Fund Organisation (EPFO) has called a meeting of all zonal heads on July 5, to draw an action plan.
The body is expecting 1.2 crore claims in the current fiscal and hopes that if around 70 per cent of those are settled in three days, then about 84 lakh claimants would be benefited.
Quick settlement of claims, EPFO said in an officer order, “was necessary to improve the image of the organisation.”
EPFO has already launched a Pendency Clearance Drive to settle all claims received before June 15 this year. As many as 5,38,704 claims were pending as on June 11 this year.
“…in 2012-13, the body has settled 1.08 crore claims, out of which 12.62 lakh claimants were dissatisfied as their claims were not settled within 30 days. Moreover 1.41 lakh claims not settled even after 90 days has brought down the image of the EPFO amongst our members,” the order stated.
It further said, “..cutomers expect change in the mindset from 30 days (maximum period for settlement of claims) to at least three days in computerised era for withdrawing their own money.”
The body is also in the process of introducing a facility where claimants would be able to apply online for transfer and withdrawal of their PF from July 1.
EPFO is setting up a central clearance house which will be operational on July 1. This will enable subscribers to apply online for settlement of withdrawal and transfer of funds claims. The new facility will also enable subscribes to track online the status of their applications for transfer and withdrawals.
Under the new system, the onus of verifying the details of the PF account from previous employers would be on the EPFO.
At present, employees have to get their applications verified from their employers for settlement of claims.
The body is managing a corpus of around Rs five lakh crore with a subscribers’ base of over five crores. (PTI)
18 Tuesday Jun 2013
Posted in PSU
The Department of Disinvestment, probably the one department working for day and night for disinvestment of PSUs, has circulated a cabinet note to the concerned ministries proposing to sell 10% shares of coal India limited (CIL) for Rs. 20,000 crore, through Offer for sale (OFS) route. At present CIL is having 90% shares with it.
There need not be any doubt about early clearance of the same by the cabinet. A government which wants every PSU to be sold for the benefit of corporates will be eagerly waiting to get the note to approve it.
No ‘family silver’ will be with government, if a five-year more term is given to the UPA.
11 Tuesday Jun 2013
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The SBI will be spending Rs. 141 crore on Corporate Social Responsibility (CSR) activity this year. All PSUs are expected to allot 1% of its net profit for CSR.
As part of CSR, the Mysore unit of the SBI has donated an Ambulance to Sneha kiran Society of Mysore and a Braille Printer to Divya Jyoti Charitable trust.It has also conduced 24 medical and health awreness camps and 12 cultural programmes and will also sponsor world cup tournament for the blind. Similar activities will be organised in other units of SBI also.
What about the Corporate Social responsibilities of the private sector corporates?
11 Tuesday Jun 2013
Posted in PSU
It is estimated that the annual revenue of Air India, the air-line PSU, may increase its revenue of Rs. 16,130 crore in 2012-13 to Rs. 19,393 crore in 2013-14. This is good news indeed. This information was given by the Civil Aviation Minister Ajit Singh in the 65th anniversary celebration of its London Route.
The improvement can be seen in Air-India passenger increase itself. Compared to earlier, most of the seats are full. Further the Dreamliner aircraft has also started being operated. Congratulations to the workers who have risen to the occasion and with the management has been able to improve.
I
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