16 Friday Oct 2015
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It is reported in the press that the TRAI is set to issue notification to the telecom companies to pay Re.1/ compensation for each call drop with a maximum of Rs. 3/- for a day. Though the telecom companies have protested, the large number of complaints on the call drops and also the assurance of the Minister that call drops will be reduced, it is almost certain that the TRAI will issue the orders.
15 Saturday Nov 2014
Posted in General
The Bhopal Gas victims have been demanding for more compensation and also to include those who have been left out from the list of victims, though eligible for the same. Now five of these victims have started hunger strike putting the above demands. Amnesty International was also putting pressure on the government. More than 200 women were sitting along with the fasting women.
After a meeting with the representatives of the women victims, Ananthakumar, Minister for Chemicals and fertilisers, announced that the compensation will be increased and the list of victims will be revised to include the left out victims.
To that extent, good news.There should not be any delay in implementing these, since intolerable delay has already occurred and many have died without getting compensation.
04 Friday Jul 2014
Posted in General
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It seems that for the first time the share-holders of the Tata Motors have put their foot on the management. The Management had decided high compensation for its Directors coming to crores. As per Companies Act, if a company is in loss, the compensation to its Director is limited to 48 lakhs.
Now the Tata Motors for Financial Year 2014 has posted loss. If the compensation is to be more than 48 lakhs, the approval of the share holders is necessary. This time when the loss has taken place, 75% of the shareholders have rejected the proposal for higher compensation for its Directors. Now, if the Management acts according to the opinion of the shareholders, some of the directors will have to return Rs. 3 crores to 14 crores.
But it is certain that the management / Directors will find out some plea/reason to keep up their high compensation. It will only be the workers who will have to face the result of the loss, not the Directors who are fully responsible for the loss.
VAN Namboodiri's Blog 