06 Thursday Oct 2016
Posted in Uncategorized
Far ahead of India, China has started trial tests for 5G telecom services. It is stated that 5G can send data 20 times faster than 4G. The trial has started in 100 cities.
India has started 4G just now only.
04 Tuesday Oct 2016
Posted in Uncategorized
The 17 World Congress of the World Federation of Trade Unions (WFTU) starts tomorrow (5th October 2016) at Durban, South Africa and will continue up to 8th October. Delegates from various countries, including India, are participating. Com.P.Abhimanyu, General Secretary, BSNLEU, is one of the delegates from India.
The four day programme of WFTU includes the report to the Conference by the General Secretary WFTU, Discussion by the delegates, cultural programmes, election of office-bearers etc.
The trade unions world over will be watching for the decisions the WFTU Congress.
04 Tuesday Oct 2016
Posted in General, Uncategorized
Com. Sitaram Yechury, M.P. and General Secretary of CPI(M) has written the following letter to the Prime Minister opposing the start of “Bad Bank”
“Please refer to my letter to you dated 7 July 2016 about the alarming increase in the Non-Performing Assets (NPA) of state-owned banks and your government’s reluctance to recover these bad loans. As we have not witnessed any action on the points so far and because of newer developments in this area, I am being forced to write to you again.
Recent reports show that bad loan provisioning for most state-owned banks doubled – and even trebled in some cases — in 2015-16. To make matters worse, the core earnings of most of these banks have fallen grossly short of the requirement for bad loan provisioning. There has been a lack of concerted effort to recover these bad loans, and your government has instead waived Rs 59,547 crore of bad loans of big borrowers in 2015-16. All this while, the farmers continue to be hounded for repayment of minor amounts in drought years.
These big borrowers have viable assets which can be easily recovered by banks, if backed up with political will and determination. Instead, we have seen a proposal to divert all the bad loans from state-owned banks by creating a single “bad bank”. It is an attempt to portray a clean-up of bank account books by diverting the bad loans to a separate new entity, which will still be government owned. This “bad bank” will still be furnished by public money as all the other banks will be recapitalised by your government, while big borrowers would be allowed to go scot free at the cost of the honest tax-payer. This amounts to the cronies being rewarded for their profligacy, bad business practices and their lavish personal lifestyles by the hard earned savings of the vast majority of the middle classes and the poor of this country.
A proposal to create a “bad bank” was publicly rejected by the former RBI governor, Raghuram Rajan. He had identified the ‘moral hazard’ problem of this proposal, where the banks would continue to lend to the same big borrowers who would display scant regard for returning these loans.
Before any attempts at whitewashing the bad loans by recapitalising the banks, the principle of “Recovery First, Recapitalise Later” must be followed in letter and spirit of your government. To not do so would confirm our worst fears of your government – which has written off Rs 1,12,089 crore of loans of big borrowers — being beholden to crony capitalism.
As I had mentioned in my previous letter, the need of the hour is for your government to put into practice an urgent action plan to start recovery of pending loans from Top 100 borrowers. You must begin by making public their names with the due amount. A failure to do so would mean that your government is making our working people pay for the criminality of the rich defaulters. This is an inversion of the principle of natural justice.
We hope that you will reject this proposal of creating a “bad bank” and start recovery of bad loans on priority. Anything less would be tantamount to dereliction of your constitutional duty as the prime minister of this country.”
04 Tuesday Oct 2016
Posted in Uncategorized
The government has got Rs. 56,792 crores from the spectrum auction on the second day and more may be received in the coming days.
The government should at least allot Rs. 10,000 crore for BSNL from the above for modernisation and expansion. Since BSNL could not participate in the auction due to lack of funds and non-sanction from the government, the latter should allot spectrum free for providing 4G by BSNL to its customers.
The Forum of BSNL Unions/Associations should demand the above so that BSNL is able to improve its financial position and provide better service.
03 Monday Oct 2016
Posted in Uncategorized
BSNL is a PSU converted from the Department of Telecommunications. It has been assured of all assistance at the time of formation.
But what happened later is that all the assurances and assistance were stopped; BSNL reserve funds were confiscated by government on one plea or another; private companies were favoured in all respects – it is a case of giving priority to the private companies.
This attitude of government should change. We demand that the government should financially assist BSNL by at least by Rs. 10,000 crore from the proceeds of spectrum auction It should also allot spectrum free to BSNL .to enable it to provide 4G services to its customers. As a special case, it should waive the licence fee of BSNL.
The Forum of BSNL Unions / Associations should raise these demands with the government.
03 Monday Oct 2016
Posted in Uncategorized
Com.V.A.N.Namboodiri President BSNLCCWF met Shri Anupam Shrivastava CMD BSNL on 3rd October 2016 and discussed the following issues:
1. Bonus to Casual and Contract workers – Com.Namboodiri demanded that on the basis of the government orders both the casual and contract workers are eligible for Bonus in 2014-15. BSNL has approved bonus for regular employees. Bonus should be paid at the earliest. A letter was also handed over in this respect.
2. It was demanded that wages as per VII CPC govt. decisions ie. Rs.18,000 be paid to the casual Labour.
3. The decision on gratuity to Casual Labour though approved by Management is pending decision by BSNL Board. It may be expedited. Gratuity for contract Labour also be given.
CMD assured that all the above issues will be favourably considered and decisions taken.
30 Friday Sep 2016
Posted in Uncategorized
The decision of EPFO to invest 10% of EPF deposit in market instead of the present 5% is condemnable. The central trade unions had strongly 0pposed this wrong move. The hard earned money of the workers are being put to risk.
The government should cancel the ill motivated decision.
30 Friday Sep 2016
30 Friday Sep 2016
Posted in Uncategorized
Yesterday myself along with Pankajam visited Sunderayya Vigyan Kendra, the memorial to the great Communist and legendary leader of the historic Telengana Armed Struggle. His dresses, cycle used to go to Parliament when he was M.P., utensils used, the radio, about 50,000 of books – all are kept in the museum and library. How simple a life the great leader lived! The first General Secretary of CPI (M) formed in 1964, he was the organiser of Communist Party in South India.
29 Thursday Sep 2016
Posted in Uncategorized
The Central Cabinet has decided to grant 78 days bonus for 2015-16 to the Railway workers numbering about 12 lakh. This is the 5th consecutive year they are getting the same amount. The bonus will be paid before Puja holidays.
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