Disinvestment of SBI this year – SBI Chairman

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Smt. Arundhati Bhattacharya, Chairman of SBI has stated that shares of SBI will be sold this year and the process is being considered. It will be worth$ 2.3 billion, she said.

The merger of Associated Banks with SBI and other actions taken by the government is intended to weaken the SBI and then disinvest.

Will the next in line be Reserve Bank of India?

Finance Minister exposes himself on Air India Sale.

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According to press reports, Finance Minister Arun Jaitely has stated that he wanted to disinvest Air India while he was in charge of the the Disinvestment Ministry during the period 1999-2000.

This exposes the deep rooted conspiracy of the NDA government to sell the national carrier, even before it started posting serious loss. The debt situation was very less at that time.

As far as the NDA government is concerned, it is only the question whether it is to be sold to Foreign or Indian Companies? But it is not an easy matter, since the workers and their unions in Air India will fight this danger with all their might, with the support of the working class in India.

 

World Nations condemn US exit from Climate Change Agreement

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Many countries have condemned the statement of US President Donald Trump for exiting from the Paris Agreement on Climate Change signed by 195 countries in 2015.

As one of the countries having maximum carbon dioxide emission, it is the duty of US to honour the commitment to reduce it. Criticising India or like countries with less emission is meaningless. The US withdrawal is strongly criticised by many important persons and organisations  in the US itself.

Is it that Donald Trump is a Messenger of Darkness, Despair and Destruction? Only time will tell.

 

Protest by Aisin Workers in Haryana – Support by CITU

New Delhi, June 1: Centre of Indian Trade Unions strongly condemns the brutal lathicharge , arrest and detention of more than four hundred workers including 35 women of the M/s AISIN Automative Ltd located at Rohatak, Haryana. Besides the workers the leaders of various mass organizations who joined the struggling workers in solidarity were also arrested on 31 may 2017. CITU warns the BJP led Haryana Government that it has to face the united strength of the toiling people if it is trying to repeat ‘Honda’ or’ Maruti’ in Aisin or elsewhere in the state.

Aisin Automative Ltd is a Japanese Automative Company employing nearly 800 workers including women in IMT, Rohtak. The workers took initiative to form trade union and submitted application in the state labour department. But the labour department of the BJP led Government in Haryana rejected the application without showing any reason and almost simultaneously, on 3rd May 2017, the management of AISIN Automotive terminated service of the 20 leading workers including four women without notice and showing any reason. When other workers enmasse protested such autocratic termination of their leaders, rest of the 700 workers were also sent out of the factory, directing them to join work only after giving a written undertaking not to join any union. Whatever happened in Maruti a couple of years ago, same thing has been repeated by the Japanese employer with the support of the Haryana Government as its subordinate.

Since then the workers have been sitting in peaceful dharna before the factory gate in protest. In the scorching heat they are sitting directly under the Sun, which caused hospitalization of many employees, but it could not weaken the fighting spirit. CITU and many mass organisations and trade unions extended support to the workers. Assistant labour Commissioner called for negotiation three times but there was no outcome. On 23 May, a massive rally was held in support of the workers in Rohtak.

On 31 May, while workers were sitting peacefully in dharna before the factory gate, a large police force arrived at the spot and started brutal lathicharge on the workers injuring many. In the face of workers staying there facing the lathicharge, police resorted to mass scale arrests. 425 were arrested including CITU State leader Vinod, Youth leader Sandip and AIDWA leader Asha. They were charged with various section of IPC, produced before the magistrate at midnight and were detained for two weeks.

This is yet another example as to how the BJP Government at Haryana, taking oath in the name of constitution trampled under feet their basic constitutional responsibility and promoted violation of laws of the land in most obedient service of the Japanese multinational; denying registration of the trade union is a serious offence committed by the Government; terminating service of workers only for making effort to form trade union under Trade Union Act and insisting others to give undertaking on not to join trade union is also a grave offence committed by the employer; instead of taking action against the offending employer brutally beating the terminated workers sitting in a peaceful dharna under the scorching sun by Police is also a criminal offence.

CITU condemns these offenders of Indian Constitution –the BJP Government in loyal service of Japanese employers and calls upon trade union movement and workers in general to extend support to the struggle of the AISIN workers and hold solidarity action statewide. The BJP Government-employer nexus holding lives of the common people to ransom must be defeated and struggle must go on.

CITU demands immediate release of all workers and their leaders, unconditional reinstatement of all terminated workers, immediate grant of registration of workers’ union and sorting out of the issues raised by the workers through bilateral talks

Farmers Strike in Maharashtra for waival of loans

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MUMBAI, June 1 :   Farmers from Maharashtra started an indefinite strike on Thursday, curtailing the supply of vegetables, fruits and milk to cities such as Mumbai in a move that could push up food prices in the coming days.

Indebted farmers are demanding a waiver on loans from the government of the big farming state similar to the $5.6 billion in debt forgiveness announced by Uttar Pradesh in April. (News Report).

The photo above shows the roads blocked by onions which the farmers have put there in connection with the strike. In many places milks in large quantity were spilled on the road. The strike is continuing. Thousands of farmers have committed suicide unable to repay the loans. The government should act immediately and waive the loans to save the farmers.

The government which is subsiding the corporates and rich business people should consider the case of these poor farmers also.

Public Education, a commitment of the Kerala LDF Government

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The commitment to the cause of Public Education by the Kerala LDF Government was once again in view on the first day of the School opening on 1st June 2017. Through out the state, celebrations were organised in government schools for welcoming the new comers. It was big celebration of joy and welcome.

The text books were ready, uniforms were ready and also the noon meals for the children. Chief Minister and other ministers attended the functions in schools.

It is to be noted that two M.P.s and one MLA of the state, enrolled their children in the government schools instead of the private schools stating that the government schools are to be made at the level of international level, which the LDF government is committed.

The Pinarayi Vijayan Government is fully implementing its election promises.

 

US leaves from Paris Climate Change Agreement.

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US President Donald Trump announced Thursday that he will pull the US out of the landmark Paris climate change agreement, following through with a key campaign promise.
“I don’t want anything to get in our way,” Trump said. “The US will withdraw from the Paris climate accord, but begin negotiations to reenter either the Paris accord, or a really entirely new transaction with terms that are fair to the United States.”

“We’re getting out, we’ll start to negotiate, and we will see if we can make a deal that’s fair,” he continued. “If we can, that’s great. If we can’t, that’s fine.” (News Report)

The above decision of President Donald Trump to pull out from the historic Paris Climate Change agreement is to be condemned by all the nations. It was after consultations continued for a long time that the agreement was signed to save the world and the people from the deadly effect of the change in climate due to industrialization, huge carbon remission etc. Withdrawing from the agreement, the US and its President Donald Trump is mocking the humanity. It is a ray of light that many politicians and statesmen in US itself is coming out against the decision of Trump.

Government of the Corporates

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One more proof of the government’s love for the Corporates.

When BSNL, the fully government owned company, is in loss and financial difficulties, the government accuses it of not performing well. It does not want to help in any way, including financially.
But when the private companies are in a financial crisis the government immediately acts. It forms a committee to look in to the matter. It is certain that the committee will recommend some financial assistance and the government will immediately act.
This is one more proof that the government is not interested in the public sector and is completely in favour of private sector and prepared to go to any extend to help it.

Is the saying that ” Government of the corporates, by the corporates and for the corporates” is going to be true?

Crisis of private telecom companies

]Inter Ministerial Group to study the crisis of private telecom companies.
The government has setup an Inter Ministerial Group (IMG) to study the financial crisis of the private telecom companies. The first meeting of this IMG begins on 12th June, 2017. As a precursor to this meeting, the DoT officers are holding a series of meetings with Airtel, Vodafone, Idea, Aircel and TATA Tele-Services. When the corporates earn hefty profit, they do not think about the country and the people. But, when the corporates land in crisis, the country and it’s government start worrying about them. Among all the telecom companies today, BSNL is having the least debt burden. Below is the list of loans taken by various private telecom companies.

Reliance Communications Tata Tele-Services Bharati Airtel
₹44,000 cr. ₹30,000 cr. $14.09 billion

Aircel Idea Cellular Vodafone India
₹23,000 cr. ₹50,072 cr. €8.7 billion (Courtesy: BSNLEU website)

Demonetisation the main factor for GDP drop

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The statement of Finance Minister Arun Jaitely that demeonetisation is only one of the factors for the drop in GDP is nothing but a weak escape route. The fact is that the main reason for the GDP drop is demonetisation. crires of work hours have been lost by people standing in queue for hours together in front of ATM, Bank Counters etc. Business have been seriously affected due to shortage of money. Agricultural products were damaged and dumped due to lack of customers not having cash.

Not only it was demonetisation, it was de-humanisation. Crores and crores of people became victims of the cashless period. More than 20 people died standing in queues before ATMs and bank counters.

The six months or so after the existing Rs.1000 and Rs.500 notes were withdrawn was a period of pain for the country and the people. GDP also went down. If the Finance Minister was sincere, he should have admitted the mistake and apologized to the people for the hardship it caused.

But NO. Such apology will never come from this Modi Government. It will justify every one of its actions, whether good or bad.