NPS – 6 companies empanelled as Pension Fund Managers

6 companies have been empanelled by the Governmentn as Pension Fund Managers(PFM) for providing pension and annuity products under the New Pension Scheme(NPS) . They are LIC, SBI Life, ICICI Prudential, Bajaj Allianz Life, Reliance Life and Star Union Dal-Ichi. Out of these only two are from PSUs and all the others from private sector.

Earlier the Central and state government employees were getting pension as defined pension. But for the employees recruited on or after 01-01-2004 the New Pension Scheme has been introduced which is a contributory pension scheme. Despite strong protest from the employees, the NPS was implemented by  Central and all state governments except the left-led states of Kerala, W.Bengal and Tripura.

Recovery will be made from the employees to Provident Fund. The government will also contribute. This fund will be managed by the Pension Fund Managers. They can invest the fund according to their decision. 60% of the amount will be refunded at the time of retirement and 40% will be put in annuity for payment of pension.

The private employees can accept the scheme. But so far, out of 3 million employees under NPS, 90% are from government or PSUs only.It is mandatory for them.

The Central and State Government employees have strongly opposed the scheme and asked the government to continue he pension scheme as per CCS (Pension ) Rules according to which the pension will be paid as defined pension and not contributory pension. A Parliament March was also organised in this connection.

The fight will continue for defined pension scheme.

Civil Service – 4,72,290 applied – 910 selected

910 candidates have been selected for the Civil Service cadres like IAS, IPS, IFS etc. as per yesterdays announcement by the government. Congratulations to them all.

They have to be congratulated. They have been selected after a serious examination and interview later. 4,72,290 has applied  out of which 2,43,003 appeared in the examination. 11,984 candidates were declared qualified in the written examination. Out of them 2,417 candidates were selected for personality test. And 910 are the candidates who became victorious and selected for the coveted posts.

Remembering Tipu Sultan – A real fighter

Tipu Sultan died fighting against the British on 4th May 1799 within the ramparts of his own fort at Seringapatam. He was attacked by the combined forces of the British and the Nizam of Hyderabad.

Tipu Sultan who succeeded his father to the throne of Mysore valiantly fought against the British and won many battles in the early stages. His allying with French and contacts with foreign countries against the British could not help him finally. The British not only killed him, rampaged the fort, but also made all his sons prisoners and murdered them later. The British museum is full of the valuable things taken after he was killed. The golden throne, swords, many valuable artefacts are all show-cased there.

Though the British propagated him as a villain and against other religions, the facts contradicts these. He built a church for French in Mysore. In Seringapatnam the well-known temple even exists. He was a scholar and poet also.

The country will remember Tipu Sultan as a hero who fought the British to the last for the independence of the country.

BSNL Board should meet urgently

The BSNL Board is expected to meet at least once in a month. BSNL is a mega company and is facing stiff competition from private companies. It is in loss for the last three financial years. Improving the company is important to the country as also all stake holders including the workers. There are many issues regarding the development and expansion issues, financial strategies, marketing etc. to be considered and decided. In addition, a lot issues of the workers are also pending with the Board.

But the Board has not met even once in April 2012. It is not known when the next meeting of the Board will be held. Is it because the CMD and some of the Board members have been on tour, including foreign travels. We are not told what is the reason. Any, it is the responsiblity of the BSNL management to ensure that the Board meeting is held early and decisions are taken to take company forward and settle the issues of the workers.

Living by Rs. 15 a day – The reality in rural India

The report of the National Sample Survey Organisation (NSSO) has exposed all the claims of the government with regard to the poverty in the country.

In its report covering July 2009- June 2010, NSSO has reported that “the poorest in India’s rural population had an average monthly per capita consumer expenditure of Rs. 453. The poorest 10% of the urban population had an average MPCE of Rs. 599.”

The survey further pointed out that 10% of the population at the lowest level in the rural areas lives on Rs.15 a day while in urban areas the figure is Rs. 20 a day.

This is a very serious and pitiable situation. India got independence 65 years back. Many five-year plans have been implemented. The government always proudly declare about the growth of GDP and development in the country. But the majority of the people in the rural areas are far below the poverty line, somehow managing to live. The condition of the poor in urban areas is not different as the NSSO report reveals. While on the one side big business barons like Jindals and Ambanis get Rs 65 crores and Rs.51 crores salary in a year, whereas  the poor in the country exists on Rs. 15 per day. Despite this the government is moving on with its neo-liberal policies, which will further reduce the living conditions of the poor in the country.

A sustained struggle with massive participation of the people is required to defeat the neo-liberal policy of the government which is increasing the misery, the inequality. The time is already late; It should not become too late.

 

Mobile, Tower Companies join to oppose TRAI recommendations

In a major offensive against the recommendations of the TRAI recommending for higher charges for spectrum allocation, all the major private mobile companies have come together and met the Finance Minister, Communication Minister, Dy. Chairman Planning Commission, Secretary DOT and also PMO to see that the recommendations are not accepted by the government.  Now the Tower companies have also joined them.

Further the pressure of the private companies seems to have its result. The DOT had asked the TRAI on which grounds the high charges for spectrum has been recommended. As told earlier in these posts, through aggressive pressure, private companies are achieving their demands. But BSNL is keeping mum on its justified demands and is losing. There should be an assertive and aggressive management to get its demands conceded by the government. Employees and their unions will fully support the management if it takes a strong stand on the demands of the BSNL.

Government move to bail out Vodafone – Amendment to Income-Tax Act

The Income Tax Department had issued notices to Vodafone imposing penalty of thousands of crores of rupees since they did not abide by the rules in case of merger and acquisition. Not only Vodafone, but other MNCs were putting strong opposition to the correct move of the IT Department. When Finance Minister Pranab Mukherjee was on tour in US, he had told the business community who met him that ‘how can tax be recovered for many years retrospectively?’. It was a clear indication that the government will succumb to the pressures of the MNCs.

Now that is exactly  what is happening.  The central government is reported to have brought an amendment to the Income Tax Act to this effect which will be part of the Finance Bill -2012. When the Amendment to the Act is passed, Vodafone will be free from paying the taxes.

This is one more case of the government surrendering to the dictates and pressures of the MNCs. This is, of course, part of the neo-liberal policy of the government.

May Day observed world wide – International report.

THOUSANDS of activists across the globe have joined May Day rallies, with Occupy Wall Street members in several US cities leading demonstrations and clashing with police, and Europeans also taking to the streets to protest anti-austerity measures.
In Oakland, California, police fired teargas and “flash-bang” grenades to disperse the crowds, sending protesters fleeing a downtown intersection where they were demonstrating. Officers took four people into custody. Black-clad protesters in Seattle used sticks to smash small downtown windows and ran through the streets disrupting traffic. In New York, police in riot gear lined the front of a Bank of America, facing several dozen Occupy activists marching behind barricades. “Bank of America. Bad for America!” they chanted. About 50 demonstrators in Chicago rallied outside another of the bank’s branches. Across the world, protests drew tens of thousands of demonstrators into the streets from the Philippines to Spain. They demanded everything from wage increases to an end to austerity measures. The US protests were the most visible organising effort by anti-Wall Street groups since Occupy encampments were dismantled. May Day, which has been associated for more than a century with workers’ rights and the labour movement around the world, has been used by American activists in recent years to hold rallies for immigrants’ rights. From New York to San Francisco, organisers of the various demonstrations, strikes and acts of civil disobedience said they were not too concerned about muddling their messages. They noted that the movements have similar goals: jobs, fair wages and equality. Organisers of Chicago’s rally said they welcomed participation from the Occupy groups. “I definitely see it as an enrichment of it,” Orlando Sepulveda said. “It’s great.” In Los Angeles, at least a half a dozen rallies were planned. A rally was also planned in Minneapolis. In Atlanta, about 100 people rallied outside the state Capitol, where a law targeting illegal immigration was passed last year. They called for an end to local-federal partnerships to enforce immigration law.

May Day New York
NEW YORK- MAY 15: Thousands of union members and Occupy Wall Street protestors march together down Broadway towards the financial center on May 1, 2012 in New York. Demonstrators have called for nation-wide May Day strikes to protest economic inequality and political corruption. The May Day protest was significantly smaller than last year’s, which drew about 1000 people. Organisers said turnout last year was greater, in part, because the rally was on a Sunday, rather than during the work week. In the San Francisco Bay area, service on the Golden Gate Ferry was shut down as ferry workers went on strike. They have been in contract negotiations for a year in a dispute over health care coverage. A coalition of bridge and bus workers said they would honour a picket line of at least 50 workers outside the ferry terminal. They were joined by some Occupy protesters. Organisers backed away from earlier calls to block the Golden Gate Bridge, but scores of police – some carrying helmets and batons – lined the span during the morning rush hour. Some protesters with signs stood nearby, but did not disrupt traffic. A group of workers, patrons and property owners clashed with a few dozen protesters who stormed a downtown diner in an attempt to shut it down. The two sides scuffled briefly before police moved in, and the restaurant stayed open. Threatening letters containing a white powder that appeared to be corn starch were sent to some institutions. Three letters were received on Tuesday, two at News Corp headquarters and addressed to the Wall Street Journal and Fox News, and one to Citigroup. The message in the letters said: “Happy May Day.” Seven letters were received on Monday at various banks. One was sent to New York City Mayor Michael Bloomberg. Occupy activists had said they planned to bring business to a standstill, but the crowds protesting in the rain were modest.
MEANWHILE, May Day protesters have poured into streets across Europe, swept up in a wave of anti-austerity anger that threatens to topple leaders in Paris and Athens. From the eye of the eurozone debt storm in Madrid to the streets of Paris and crisis-hit Athens, where tottering governments face elections within days, marchers spoke of job losses, spending cuts and hard times. More than two years after the eurozone sovereign debt crisis erupted, frustration with austerity is boiling over across the continent as voters wait in vain for signs of the economic pay-off.

Spain Financial Crisis
In Spain, suffering the industrialised world’s highest jobless rate of 24.4 per cent in the first quarter of 2012, the major unions called protests in about 80 cities. Tens of thousands massed in central Madrid’s Neptuno square yesterday, decrying the jobless queue, new labour reforms that make it easier and cheaper to fire workers, and a budget squeeze in health care and education. “Total Violence, You Are Robbing Us of Home and Bread!” said a banner brandished by 51-year-old Josefa Martinez Fernandez, adding that her two daughters in their 20s were out of work. “The young who had work have been thrown out,” she said. Thousands rallied in Athens, Thessaloniki and other cities around Greece, five days ahead of cliffhanger general elections with voters fed up with years of austerity. “No One Alone, Together We Will Get There!” read a banner draped on a stage in Athens’ central Kotzia square. Polls indicate that Greeks are fleeing the main parties for smaller groups in revenge over a European Union-IMF economic recovery plan that has brought repeated waves of pay and pension cuts. The two parties that have ruled Greece for the past 37 years, socialist Pasok and conservative New Democracy, are blamed for catastrophic finances after decades of state overspending and nepotism. The new Greek government will face an early test when 436 million euros ($553.07 million) of debt, held by private creditors who turned down a swap, matures on May 15. In Paris, the French presidential election race overcast the day as three powerful political movements battled for attention with competing rallies five days before polling day. Marine Le Pen’s anti-immigrant far-right National Front kicked off the May Day events with several thousand supporters marching through central Paris in memory of Joan of Arc, who has become a far-right icon. Le Pen, who scored a record 18 per cent in the April 22 first round, led the march and urged supporters to abstain rather than back President Nicolas Sarkozy or Socialist Francois Hollande in the run-off. Waving a sea of blue, white and red French flags, Le Pen’s supporters chanted “France for the French!” and “This Is Our Home!” as they marched to the Place de l’Opera. Sarkozy’s right-wing supporters were to gather at the Place du Trocadero in Paris’s posh 16th arrondissement to hear their champion give his last major speech in the capital before the vote. And, on the left, trade unions were to carry out their traditional march to the historic Place de la Around 150,000 people took part in the “Holiday of Labour and Spring” march in Moscow, by coincidence similar to the numbers said by the opposition to have shown up at anti-Putin demonstrations over the last months. The authorities appear keen to revive worker celebrations and make May Day a centrepiece of the year as Putin seeks to hold onto popular support as he heads back to the Kremlin in defiance of the anti-government protests. Marchers unfurled huge banners proclaiming the names of their factories and unions as bands played rousing music that could have been taken from the score of a Soviet film. “The Union of Machine Builders! Hurray!” declaimed the announcer as another workers group filed past the town hall on Moscow’s Tverskaya Avenue. In an event that struck a chord with those nostalgic for the mass parades projecting Russian power in Soviet years, the crowds packed the avenue from the Kremlin to its end as far as the eye could see. Wearing a suit without a tie under the bright spring skies, Putin led the march next to a white overcoat-clad Medvedev and surrounded by supportive banners like “Workers for Medvedev and Putin!”. It was the first time for years that Russia’s rulers had joined the May Day rally, a key day in the calendar in the Communist Soviet Union. The last such appearance is believed to have been by Boris Yeltsin in the 1990s.

Massive Demonstration in Cuba:

In Cuba, every May 1st is an occasion of celebration, confirmation and commitment to the working class, the heroic nation to which we  belong and the Revolution that was always “of the humble and for the humble”.
It is not any other day for the rest of the world. In many nations  the workers carry out massive demonstrations, strikes and demands in  favor of their dreams, hopes and rights.
There are some that do not think that the symbolic date is important.  Even so, they cannot ignore the day, at least for the hours that the  event lasts in each country in salute to International Workers’ Day. > The historic tradition guides the Cuban proletariat whose world debut  took place in 1890, over a century ago, in compliance with the II  International in Paris, France.
Banners, flags, posters and slogans carried by the workers and their  families, students and foreign guests decorated this year’s rally accompanied by denunciations against Washington’s economic blockade  and in defense of the Cuban Five and the concepts of unity,  productivity and efficiency.
For the first time the health sector presided the rally representing  the close to half a million of the sector’s professionals and  technicians.
As an expression of the current economic transformations underway in  the country, a new non state working force was present this May Day: self employed workers.
From east to west and north to south, educators, construction  workers, civil defense, men, women, children and senior citizens were  present. The youth, example of the continuity of the Revolution once again closed the rally. Some 50,000 young people marched to close the historic event, one thousand for every 50 years of the existence of  the Young Communist League. Over one thousand representatives of 162 labor unions and social and  solidarity movements from 62 nations also participated in the  celebrations. Another 102 delegates from 37 nations participated alongside the Cuban people to celebrate International Workers’ Day.
In today’s world with new changes even in the U.S. itself, it will be  impossible to stop the rallies of those that have been forgotten. This will be a different year. Thousands of workers, students, > immigrants and unemployed from over 115 cities in the U.S. will for  the first time participate in protests and general strikes. This will not be a normal day in the U.S. either. Uruguayan writer  Eduardo Galeano wrote: “May 1st is humanity’s only truly universal day , but in the U.S. the people work and no one, or almost nobody,  remembers that the rights of the working class did not sprout from the  ear of a goat, or from the hands of God or master”.
In Greece, Italy, Spain and other European nations, where workers are  brutally exploited and workers rights are sampled on with the pretext  of the crisis, the day will include protests against government policies that put an end to the so called “wellbeing” and launch  millions to the unemployment line. Federico Engels’ phrase in 1890 is valid today: “The workers of  America and Europe are revising their efforts (.) The event that we  are witnessing today will make the capitalists from around the world  take into account that the working class is truly united”.
The bells of International Workers’ Day are once again tolling. The words of August Spies, one of the Martyrs of Chicago, calls on the  workers of the world and warns politicians and bankers: “If you believe that hanging us will smother the labor movement, the  movements in which the millions of oppressed, millions that suffer  scarcity and misery await salvation, if this is your opinion, then  hang us. You will only burn out a spark, but there and yonder, behind  and forward the flames will rise. It is an underground fire and no one  will be able to put it out. (Courtsey: Ganashakti)


Private Telecom Companies on aggressive mode on TRAI recommendations

Most of  the private telecom companies including Bharti Airtel, Vodafone, Idea Cellular etc. are aggressively pressurizing the government not to implement the TRAI recommendations on the increase in spectrum charges and the conditions for roll out of service etc. They have already met Finance Minister Chidambaram, Planning Commission Deputy Chairman Montek Singh Ahluwalia, Communications Minister Kapil Sibal, Principal Secretary to the PMO, Secretary DOT and others.  This is the method of the private companies when their interests are concerned.

But what about BSNL management?  The track record is bad, very bad. Even when there is only a suggestion from the government, the former immediately implements it even without a whimper even if it is completely against the interest of the company. That is what happened in the case of cancellation of the 45 million GSM lines, 93 million and 5.5 million also, when there was huge demand in the market. The BSNL management allowed its entire surplus cash of Rs. 35,000 crore to be usurped by the government on or other plea/demand. Now it is the same with the VRS issue and disinvestment.

BSNL management should learn from the aggressive actions of the private companies to defend the interests of the BSNL and its stake holders including the workers.Their job is not to liquidate the company but to strengthen and improve it. Will they start even at this late hour ?

CLC fixes Conciliation proceedings on 15 December Strike issues

Chief  Labour Commisssioner (CLC) has fixed the conciliation meeting on the 15 December strike issues with the JAC on 17th May 2012 at 11.30 AM. As per decision of the last JAC meeting, it was decided to contact the CLC for early holding of the proceedings. I am happy that he has taken immediate action to hold th meeting. All the JAC affiliates will participate.