Public Sector Banks which helped the country to tide over the 2007-08 recess

16 Saturday May 2015

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All, including the Government of India, have agreed that in tiding over the financial crisis which started in 2007-08, the Public Sector Banks of India have contributed much. There are 20 PSU Banks, including the State Bank of India. There are around 7,60,000 employees including officers working in these banks.

The Bank Employees are united and have organised several united complete strikes which has completely paralyzed the banking services.

That is why the government is trying to weaken the PSU banks, just like other PSUs.

Warning Bells for BSNL Management and Workers – Connections decreased, market share down

16 Saturday May 2015

Posted by in BSNL News, Telecom

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While the BSNL Management and workers are unitedly trying to strengthen BSNL and also to provide more connections, the statistics as on 31-03-2015 by the TRAI give a non-positive picture. BSNL has gone down on the number of connections and market share. While other operators have increased their connections and market share, the actual connections of BSNL, both in landlines and wireless have gone down. The total market share has down below 10% and in wireless it is around 8% only and in the sixth position.

It is a real warning bell. The government, BSNL Management and employees have to jointly work with maximum effort and turn the trend and bring back BSNL to better position.

The statistics as on 31-03-2015 for BSNL is given below:

Total Wireless Connections: 970 million     BSNL : 77 millions  Market Share  8%

Total connections (Landline and Wireless) : 996.1 million BSNL : 93.24 million Market Share : 9.4%

Broad band connections : 15.54 Millions BSNL: 9.8 millions Market Share : 65%

BSNL Connections declined – Market Share Down

16 Saturday May 2015

Posted by in BSNL News

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BSNL released a few figures delineating its market share and tele-density in the country for the first quarter of the year. Out of the total telephone connections of 996.1 million as of March 31st, 2015, 93.24 million telephone connections are provided by BSNL.

According to the data, BSNL occupies fifth position as an operator, with a market share of 9.4 percent. During March 2015, BSNL witnessed a decline of 0.2 percent in market share. Also, for the tenure of 2014-2015, the provider has registered a decline of 3 percent.

Number of telephone connections of the provider has decreased by one million during March 2015. 20 million connections are lost during 2014-2015.

Out of the total 970 million wireless connections, 77 million are provided by BSNL. The operator acquired sixth position as wireless service provider, with a market share of eight percent. Although the wireless industry has grown by 7.2 percent, an 18 million decrease in connection is found for BSNL during 2014-2015.

For broadband (wired) services, 9.98 million out of the 15.54 million are provided by BSNL. BSNL has been at the first position as a broadband (wired) operator with the market share of 65 percent as of February 28th.

As an operator with the total number of telephone connections in a single license area, BSNL holds 2nd position in Himachal Pradesh, Karnataka and Kerala circles, reported BSNL in a release. (Coutesey: Voice and data)

Petrol, Diesel prices hike Rs. 3.13 and Rs. 2.71 respectively for a litre

15 Friday May 2015

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From tonight the prices of petrol and diesel will go up substantially. The increase for petrol is Rs. 3.13  and Rs. 2.71 for diesel per litre. The government justifies the hike on the plea that the international price for crude oil has gone up. This is the second time within a short period the prices have been increased.

When the international prices come down, it is not reflected on the price to the consumer since government increase the tax etc. But the prices increase the full burden is put on the shoulders of the customer.

Selling Family silver continues – will the sale money be used to help other PSUs?

15 Friday May 2015

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Disinvestment department is doing overtime to sell the family silver of the government. The latest is the sale of shares in PSUs, NTPC and Indian Oil.

It is reported that the Government has decided to sell 10% of share in IOC and 5% shares in NTPC, which is expected to fetch the government about Rs. 13,800 crores.

Will the government use a portion of these sale money to help the loss making PSUs like BSNL and MTNL. The sale money is of PSU and it can be used to help another PSU.

Is the government hearing?

Is CBI Director Sinha compromised in Coal Block Case?

15 Friday May 2015

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Any thing can happen in India, it seems. The Supreme Court has now asked the Central Vigilance Commission to give its views on whether a probe is required to find out if any of the coal block allocations cases has been compromised as a result of the large number of meetings of the CBI Director Ranjit Sinha with the accused corporates.

Interesting! CBI is being inquired. It is clear that corporates in India can influence almost any body.

SC rejects claim of private Telcos for extension of licence

15 Friday May 2015

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The appeal of the private telecom companies Bharti Airtel, Vodafone, Idea Cellular, Reliance Telecom and some others for extension of their 20 years  spectrum licence for 10 years more has been rejected by the Supreme Court. The SC stated that it is the prerogative of the executive to decide, whether the licence is to be extended or not and the court will not interfere.

 

26 May All India Convention by Central Trade Unions

15 Friday May 2015

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The 11 Central Trade Unions  are organising an All India Convention at Mavlankar Hall New Delhi on 26th May 2015 on the 10 point demands raised by them and for declaring action programme on the same.  In addition to the central trade unions, all India Federations of employees like BSNL, Central/ state government will also participate.It is expected that important decisions will be taken by the Convention.

Land Bill Parliamentary Committee – Left is left out from Rajya Sabha

15 Friday May 2015

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This is complete discrimination. Left was one of the parties which strongly opposed the Land Bill in the Rajya Sabha and almost co-ordinated the opposition in the issue. Now  a Joint Parliamentary Committee of both the houses has been formed by the Government to examine the bill. But interestingly, no CPI(M) member from the Rajya Sabha is  there. It is complete discrimination. Com. Sitaram Yechuri, leader of the CPI(M) in Rajya Sabha should be included.

78% Pension Fixation – The DOT should act quickly

15 Friday May 2015

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There has already been undue delay in settling the 78.2% IDA pension fixation. DOT as well as Minister Communications has assured that the matter will be speeded up. But so far, even the Cabinet note has not been prepared.

We demand that the DOT and Government should immediately act. The Pensioners are eagerly waiting for getting the benefit of 78.2% Pension fixation implemented.

There should not be any further delay. The DOT should act.