Reliance Jio may post loss of Rs. 19,000 crore in 2017-18

Tags

, ,

It is reported in Economic Times that Reliance Jio will register a loss of Rs 19,600 crore in 2017-18 and Rs 11,500 crore in 2018-19.

Jio has got about 100 million customers. It has got a deep pocket and  is trying with all the help from the government to ride over all other telecom companies. Once the other companies are put down, then the charges will be increased and the loss will be made up.

Of course, corporates have no respect for law and ethics. Profit is their only motive. And Reliance tops the list.

‘I Have a Dream’ – Remembering Martin Luther King Jr.

Tags

,

4th April 2017 is the 49th death anniversary of Martin Luther King Jr., the world renowned Civil Rights activist. He was assassinated on 4th April 1968 at Memphis, Tennessee, USA by the dark reactionary forces who were worried about the impact being made by him. King was a great agitator, activist and fighter for the underprivileged. He was awarded Nobel Prize for Peace in 1964.

His famous speech “I have a Dream” made in front of Lincoln Memorial on 28th August 1963 at ‘March on Washington for Jobs and Freedom’ which was participated by about a quarter of million people, is given below:

“I say to you today, my friends, so even though we face the difficulties of today and tomorrow, I still have a dream. It is a dream deeply rooted in the American dream.
I have a dream that one day this nation will rise up and live out the true meaning of its creed: ‘We hold these truths to be self-evident: that all men are created equal.’
I have a dream that one day on the red hills of Georgia the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood.
I have a dream that one day even the state of Mississippi, a state sweltering with the heat of injustice, sweltering with the heat of oppression, will be transformed into an oasis of freedom and justice.
I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.
I have a dream today.
I have a dream that one day, down in Alabama, with its vicious racists, with its governor having his lips dripping with the words of interposition and nullification; one day right there in Alabama, little black boys and black girls will be able to join hands with little white boys and white girls as sisters and brothers.
I have a dream today.”

Liquor and Gold – Kerala’s weakness

Tags

, ,

Kerala is far ahead of other states in many respects, including literacy, electrification, labour wages, work culture, own home, secular concept etc. etc. These are all welcome and are appreciated world over.

But there are two other issues, in which also, Kerala seems to be in the forefront –  craze for gold and liquor.  This craze needs to be controlled in a progressive state  like Kerala.

VRS/CRS in SBI after merger of associated banks with SBI

Tags

, , ,

After the associated banks have been merged with it, SBI has started VRS for thousands of  employees. About 450 temporary/ casual employees of the former State Bank of Travancore has already been retrenched.  Afraid of retrenchment, many officials are opting for VRS, which really is CRS (Compulsory Retirement Scheme).

The retrenched employees have demanded fr their reinstatement and some of them have already started agitational programmes.

Ecuador Continues with Left – Socialist Lenin Moreno elected President

Tags

,

Lenin Moreno, Socialist Party leader has been elected as the President of Ecuador in a tightly contested election defeating the rightist party candidate Lasso. Moreno will take charge from Rafael Correa, present President, who also belong to the same party.

The US and other imperialist countries have been trying to torpedo the socialist governments in Latin America and was successful in changing them in Argentina, Peru and Brazil. Ecuador has shown that the tide in Latin America is again changing to the Left.

We hail the victory of Moreno and hope that the socialist rule will benefit the people of Ecuador.

 

Why India Government is silent on the racial attack on Africans?

Tags

,

It is reported today that diplomats of the African Nations in India have protested against the silence of Indian government on the racial attacks on African students. In Delhi and some other cities attack have taken place and the reports indicate that they are racial in character.

India Government should condemn these attacks and take strong action with out further delay.

 

US Unit of TUI (P and R) demands Full Pension Protection

Tags

TUI(P&R) unit of United States has demanded the government to safeguard and protect the pension of retirees. Details are given below:

“Stop the ‘Ripoff’ of Pensioners and Retirees: Full pension protection from a fully funded Federal Pension Benefit Guaranty Corporation (PBGC): no loopholes. Stop State reductions in Pensions and benefits such as are occurring in the California Public Employees Retirement System (CalPERS).   Elevate the Social Security Administration’s wage/salary “cap” on wage deductions to $1million. Tax on Social Security Administration wage benefits should start at $750,000 and up. Maintain and expand the largely working class federal and state health programs of Medicare and Medicaid. Begin a yearly reduction in Medicare eligibility to full coverage for all.”

Pensioners are in struggle to safeguard and protect their rights. They want to live a decent life for which they have worked for three- four decades.

BSNL Unions/Associations Observe Call Attention Day on 5th April 2017

Tags

,

Unions and Associations in BSNL have given call to observe Call Attention Day on 5th April 2017 on the following demands:

(1) Settle Wage Revision of BSNL Employees w.e.f. 01.01.2017.

(2) Settle revision of pension from 01.01.2017.

(3) Implement 30% Superannuation benefits to DR employees.

(4) Calculate pension contribution on actual basic pay.

These are the most important issues of the BSNL workers and pensioners. Government and BSNL Management should take immediate action to settle the same.

Make the Call Attention Day a grand success with maximum participation!

 

Demonetisation creates further problems – Counterfeit of new Rs.2000 notes

Tags

, ,

If the government thought that by introducing new Rs.2000 notes, black money will be eliminated, it was completely mistaken. Not even 5% of black money could not be unearthed.

In addition, confiscating of counterfeit of new Rs. 2000 notes worth crores of rupees has established that there are counterfeit notes of crores of rupees. This is because it is the same security features that was used in the 2005 period that is used in the printing of the new notes. Now, the government is thinking about changing notes every four or five years.

Had the government taken sufficient preparations for printing the new notes, this position would not have come. Hasty decisions for publicity without due consultations and preparations  become foolhardiness. The decision can  be compared to the two foolish decisions of Mohammed bin Tuglak – The shifting of capital from Delhi to Daulatabad and the minting of new bronze coins in place of  gold and silver coins. Counterfeit bronze coins were minted and circulated by many unscrupulous gangs and the entire economy was at risk. Tuglak was compelled to cancel both his decisions after utter failure.

Is Modi Government treading the same path?

 

 

RTI on pension details should be replied within 48 hours – Central Information Commission

Tags

, ,

The Central Information Commission has issued directions that all the RTIs on pension issues should be replied within 48 hours. The report of the PTI is given below.
New Delhi, Apr 2 RTI applications seeking pension details should be replied to within 48 hours as it pertains to the “life and liberty” of the elderly, the Central Information Commission has held as it pitched for early redressal of such grievances.
The Commission also directed that if an RTI application is a genuine grievance of a pensioner, steps should be initiated within 48 hours to redress it.
The directive of Information Commissioner Sridhar Acharyulu will come to the aid of over 58 lakh central government pensioners.
Acharyulu in a recent order held that the information pertaining to pension of a person pertains to his/her life and liberty which is mandated to be replied to within 48 hours as per the Right to Information (RTI) Act.
He said the moment an RTI application on pension issue is received, there should be a mechanism at the entry stage to discover and identify if it reflects a pension related grievance.
He said it should be brought to the notice of the responsible officer by the CPIO on the same day and if it is a genuine case, the grievance should be addressed. The result should be communicated within 48 hours, followed by redressal within 30 days.
Acharyulu said considering the “living needs” of elderly pensioners, it is important that records of their dues should be considered as “life and liberty” related information under the RTI Act.
“The moment RTI application on pension issue is received, there should be a mechanism at the entry stage to discover and identify if it reflects a pension related grievance/issue and should be acted upon immediately,” Acharyulu said in his directives to Employees’ Provident Fund Office, Raipur.
He said all the cases relating to delay in fixation and payment of pension and also arrears shall be dealt with urgently, considering them as request for information concerning the life or liberty under section 7(1) of RTI Act.
“Any grievance regarding these issues should also be treated as ‘right to life’ under Article 21 of the Indian Constitution and the public authorities shall do all the needful to address the issue within 48 hours,” the Information Commissioner said.
Acharyulu said some authorities say that unless an imminent danger is there to life or liberty, this clause cannot be invoked.
“It is an extraneous extension of imagination without any basis. The expression used in the Act is simply ‘where the information sought for concerns the life or liberty of a person’, which should mean it is enough if it concerns the life or liberty. That need not be in imminent danger,” he clarified in his order.
He was adjudicating the case of one Amrika Bai who had filed an RTI application seeking to know discrepancy in the payment of pension to her.
When she could not get proper response, she approached the Commission questioning non-payment of arrears of pension in a time-bound manner.
“The arrears involved is only an increase of 4 per cent on the basic pension of Rs 1,986, which comes to Rs 80. Though it is a very small amount it matters most for an old age appellant, who lost her husband and depends upon sons or daughters,” Acharyulu said.