92% of Central Ministers are crorepatis

72 out of 78 central ministers are crorepatis. That is 92%. M.J.Akbar is at the top with Rs. 44.90 crores, followed by P.P.Choudhary from Rajasthan with Rs. 35.35 crore and Vijay Goel also from Rajasthan with 29.97 crore.

Of course, this is a government for the corporates by the corporates.

The govt. move to invest more EPF funds to market fails.

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The move of the government to increase the flow of more EPF amount to the market or ETF( Exchange Traded Funds) failed due to strong opposition from the Central trade Unions. The meeting of the Labour Minister Bandaru Dattatreya with unions could not come to any conclusion. However, it seems that the government is not back-tracking. The Minister announced after the meeting that he will take a decision within a few days on the issue and the unions’ views will be taken as a feed back.

The entire stakeholders in the EPF should protest this anti-worker move so as to safeguard the hard earned money of the workers.

Rs. 1000 for all welfare Pensions in Kerala

According to the budget proposals announced in the Kerala State Assembly, all the welfare pensions in the state will be increased to Rs.1,000. All the people who are above 60 years and who do not have other pensions are being paid this welfare pension.

The LDF government in Kerala deserves full appreciation for this decision. We fully support this decision.

Red Salute to Com. K.G.Bose!

KG Bose

7th July 2019 is the 98th birth anniversary of the great revolutionary leader Com.K.G.Bose. He was born in 1921 and passed away at the comparatively  young age of 54, on 11-12-1974.

Com.K.G. Bose is the inspiration of thousands and thousands of Central employees and in particular that of P and T employees. He fought with the government for the rights of the workers and also fought against the revisionism in the organisation. His life and work is a saga of struggle, sacrifice and achievement.

I fondly remember the many times when I got the opportunity to be with him in the Conferences, in tours and in discussions. He was simple and friendly to all.

On his birth anniversary, I pay respectful homage! Red Salute  to Com.K.G.Bose!

Rs. 7 lakh crore bad loan by 10 Corporates

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Com. Sitaram Yechury, General Secretary, CPI(M) has written to the Prime Minister Shri Narendra Modi that why action is not being taken against the big corporates and borrowers, who have taken large amount of loans from banks and not returned them resulting in NPA of lakhs of crores of rupees. He mentioned 10 big corporates, together who are to repay more than Rs. 7 lakh crore. They are Adani Group (Rs. 96,031 crore), Essar Group (rs. one lakh crore), GMR Group (Rs. 47,976 Crore), GVK Group (Rs. 33,933 crore), Jaypee Group(Rs. 75,163 crore), JSW Group(Rs. 58,171 crore), Lanco Group(Rs. 47,102 crore), Reliance Group(Rs. 1.25 lakh crore), Vedanta Group (Rs. 1.03 lakh crore) and Videocon Group (Rs. 45,405 Crore).

Com.Sitaram Yechury also questioned why the SBI is recapitalising the Public Sector Banks with 2-4 lakhs crores of rupees, instead of recovering the loans by the banks from these defaulters?

From the available indications, it may be some Rs. 30 to 40 lakhs of crore which the corporates must have benefited by not returning the loans from the PSU Banks. And the Central Government, whether UPA or NDA, sit tight without taking any action. Is this not crony capitalism?

Rs. 45,000 crore telecom scam – spat between Congress and BJP

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Instead of recovering the Rs. 15,000 crore (exactly Rs. 12,488.93) from the private telecom firms which the CAG has found out as the amount of tax due from them for the fraud committed by showing under-valued revenue, the Congress and the BJP are shouting at each other accusing the other for the fraud.

By under valuing the revenues, the six telecom private companies viz. Bharti Airtel, Vodafone, Reliance Communications, Idea Cellular Tata Teleservices and Aircel India had cheated the government of its taxes, as part of the revenue sharing. The CAG had submitted its report to the government that theses companies had shown their revenue less by about Rs. 45,000 crores, resulting in a loss of Rs. 15,000 crore to the government.

The fraud has taken place during the period of Congress, but even after coming in to power, the BJP has not taken any action.

In the meantime, the DOT has stated that the process for the recovery is being initiated.

Whether UPA or NDA, both take a soft stand when it comes to the corporate, MNCs  and big business. Of course, they are the governments of the corporates!

Minimum wage – Delay is Denial

The procrastination by the  Labour ministry in revising the minimum wage as promised by the government, is nothing short of betrayal of trust.

It is reported in today’s Economic Times that the Labour Ministry may put the raising of minimum wage in back burner, due to the opposition of the industry.

It seems that the govt is only interested in the industrialists and big business and not on the plight of workers.

Organise the 2 September Strike with massive participation to give a fitting reply to anti-worker govt. 

Start Wage Negotiations in BSNL

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The government is in the final stage of finalising decisions on the recommendations of the VII CPC for the CG employees after the latter has decided for a strike, which has been deferred for the present after certain assurances from the Finance and Home Minister.

The III Pay Revision Committee has been formed for the pay revision of executives in all PSUs, including BSNL, with effect from 01-01-2017 and it has started functioning.

What about the non-executives in BSNL? Their wage revision from 2017 is to be done through wage negotiation between the management and the recognised unions. Last time, it took about three years, hard bargaining, two strikes and many struggles to achieve a very good agreement, which largely benefit-ted the workers.

It is high time that the management starts the negotiations with out delay. The recognised unions should take the initiative.

Change of Designations in BSNL ; Start the second phase

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A good agreement has been reached and implemented in BSNL with regard to the designation of the four major cadres, although it took about 10 years for the management to accept the reasonable proposals of the Staff Side. The same was initiated by BSNLEU, when it got recognition for the first time in 2004.

The demand raised was for the change of all designations of the non-executives which were obsolete, unattractive and time-lapsed. There were about 70 designations with some of them duplicate, some having no incumbent etc. It was decided to take the designations of the four majority cadres immediately and the others later.

Now that the issues of 4 cadres are settled, it is time to look in to the case of other cadres. Already it is delayed. Immediate action should be taken in the matter.