• ‘My Story’ by Com. Jyoti Basu
  • About
  • Settlement of Medical Bills of Pensioners
  • Historic Victory!
  • Disclosure Policy

VAN Namboodiri's Blog

~ Welcome to V.A.N. Namboodiri's blog…

VAN Namboodiri's Blog

Tag Archives: FDI

Central Trade Unions oppose increase of FDI in strategic sectors like Defence, Civil Aviation etc.

22 Wednesday Jun 2016

Posted by VAN NAMBOODIRI in Neo-liberal policy

≈ Leave a comment

Tags

Civil Aviation, Defence, FDI

The Central Trade Unions, CITU, BMS etc. have expressed their strong protest against the increase of FDI in the strategic sectors like Defence. Civil Aviation etc. making them completely under the control of the MNCs. The decision has to be withdrawn in the interest of the nation.

Share this:

  • Facebook
  • Twitter
  • Print
  • Email

Like this:

Like Loading...

FDI strongly opposed – CPI(M)

12 Thursday Nov 2015

Posted by VAN NAMBOODIRI in General

≈ Leave a comment

Tags

CPI(M), FDI

New Delhi, November 12: The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:

The Polit Bureau of the CPI(M) strongly condemns the announcement by the Prime Minister easing the regulations for Foreign Direct Investments in our country.  15 areas, including single brand retail, banking, construction, media, airlines, defence, banking, plantations etc., are to be opened up for approval under the automatic route.  32 new investment points will now allow FDI automatically.  The cap for approval of foreign investments has been raised to Rs. 5,000 crore from the existing Rs. 3,000 crores. The increase in the FDI to 49 per cent for news channels and radio is particularly harmful as it will facilitate near complete control of the news media by foreign media monopolies.

All these decisions have been taken on the eve of the winter session of the Parliament.  Worse they have been taken even without the Cabinet approval.  This is a complete travesty of our system of parliamentary democracy.  The Polit Bureau of the CPI(M) condemns such unilateral decisions by the PM.

Clearly, these announcements have come on the eve of Prime Minister Modi’s yet another programme of foreign tours to London, G-20, Malaysia and Singapore.  PM Modi made these announcements with an aim to appease foreign capital.  Thus both India’s markets and resources are being opened up further for the maximization of profits for foreign capital.

This license to loot comes at a time when the majority of the Indian people continue to groan under newer economic burdens. Price rise of essential commodities continues unabated. The agrarian distress is deepening.  The increases in the minimum support prices are so meagre that they do not even cover the production costs.  This is accelerating the distress suicides of our farmers.

The Polit Bureau of the CPI(M) calls upon PM Modi and his government to focus attention on providing relief to the vast majority of our Indian people as promised during the 2014 election campaign.

 

Share this:

  • Facebook
  • Twitter
  • Print
  • Email

Like this:

Like Loading...

Insurance Bill Passed by Lok Sabha amidst strong opposition

04 Wednesday Mar 2015

Posted by VAN NAMBOODIRI in Neo-liberal policy, PSU

≈ Leave a comment

Tags

FDI, Insurance

Using its brute majority, the BJP government ensured that the  the Lok Sabha to day passes the Insurance Bill amidst strong protests from the opposition benches. The bill passed will increase the FDI in Insurance sector from 26 % to 49%. Both the UPA as well as the NDA governments have been pushing for the increase of FDI in Insurance Sector for the last two decades, but could not succeed. The US and other imperialists have been putting much pressure on the Indian government to fully open the Insurance sector which is a very profitable sector.

The entire working class in the country is opposed to the increase of FDI in Insurance. In fact it will destroy the confidence of people in Insurance since the claims will be denied and delayed under private companies as happened earlier, before the Life and General Insurance was nationalised by taking over from the private companies.

We strongly oppose this anti-people decision of the government.

Share this:

  • Facebook
  • Twitter
  • Print
  • Email

Like this:

Like Loading...

Budget moves for large scale Privatisation.

10 Thursday Jul 2014

Posted by VAN NAMBOODIRI in TU News - India

≈ Leave a comment

Tags

Disinvestment, FDI, opposition

One of the major demands of the 11 Central Trade Unions, which they presented to the new Prime Minister and Labour Minister is “Stoppage of Disinvestment in Central/State PSUs.”

The Former Prime Minister Dr. Manmohan Singh stated to the Central Trade Union Representatives that these demands are unexceptionable, but did not take any action to implement them. The new Labour Minister Shri Narendra Singh Tomar also heard the TU leaders with attention.

But what has happened. The Railways Minister Shri Sadananda Gowda has proposed in the Railways Budget to bring PPP and Privatisation in Railways. The Finance Minister Shri Arun Jaitley in his Budget Presentation has clearly stated that FDI will be increased from 26% to 49% in Insurance and Defence sector. It is also stated that the PSU Banks will be disinvested. Thus Disinvestment and Privatisation are going to be implemented in a big way, in an aggressive way.

This is the attitude of the NDA government to the working class. Naturally there will be stiff resistance from the workers and it will not be much delayed.

Share this:

  • Facebook
  • Twitter
  • Print
  • Email

Like this:

Like Loading...

Home Ministry Oppose FDI in strategic sectors of Railways

06 Sunday Jul 2014

Posted by VAN NAMBOODIRI in General

≈ 1 Comment

Tags

FDI, opposed, Railways

The proposal of the Ministry of Commerce and Industry for 100% FDI has been opposed by Home ministry due to security reasons. It is of the opinion that there should not be FDI in highly sensitive parts of the railways. The sensitive parts includes passengers, luggages etc. are also.

Share this:

  • Facebook
  • Twitter
  • Print
  • Email

Like this:

Like Loading...

CITU opposes moves for 100% FDI in Defence

31 Saturday May 2014

Posted by VAN NAMBOODIRI in PSU

≈ 3 Comments

Tags

Defence, FDI, PSU

CITU OPPOSES MOVE FOR
ALLOWING 100% FDI IN DEFENCE PRODUCTION
FOR DISINVESTMENT/PRIVATISATION OF PSUs

The Centre of Indian Trade Unions (CITU) strongly opposes Modi government’s move, as reported by the media, for allowing 100% FDI in defence sector. Such move is totally detrimental to the interests of the indigenous defence production network, mainly under government departments and PSUs, and also to national security-management and preparedness. Such move would also directly provoke disinvestment/privatization of the Defence PSUs and Ordinance factories establishment via corporatization route which could so long be successfully resisted by the united trade union movement in the country as well as all the defence sector federations including those having allegiance with the political party in power.

The CITU also expresses its deep concern and strong opposition to the overzealous drive of the government to push through disinvestment of shares in highly profit-making PSUs, mostly in the strategic, infrastructure and natural resources sector of the economy. As reported by the press, the Government has reportedly taken up as their priority agenda for off-loading government’s residual stakes at aluminum major BALCO and also expediting disinvestment in other blue-chip PSUs already shortlisted by the disinvestment department of the previous Government.

CITU urges the Government to take serious note of the unanimous opposition of the working people of the country, who actually creates GDP for the country as well as resources for the national exchequer to such disastrous exercises of disinvestment and privatization and unrestricted FDI. Such opposition has been voiced through numerous agitations by the united platform of the entire trade union movement in the country irrespective of affiliations and political allegiances during last five years.

CITU demands of the Government to restrain itself from such moves which are detrimental to the interests of the people as well as of the national economy; and calls upon the trade unions and working people to unitedly voice their opposition and put up resistance to such disastrous moves.

Share this:

  • Facebook
  • Twitter
  • Print
  • Email

Like this:

Like Loading...

Govt. on the move for FDI in Railways.

09 Thursday Jan 2014

Posted by VAN NAMBOODIRI in General, Uncategorized

≈ 1 Comment

Tags

FDI, Privatisation in Railways

The government is proposing to bring FDI in Railways in a big way. So far, no FDI has been allowed. At last, the privatisation process is going to start in the biggest industry/service in the country.
The MNCs and Indian big corporates have been pushing the government in a big way to allow them to enter the Railways.
The details will be known in a few days. FDI in railways is going to increase the fares, without any doubt.

Share this:

  • Facebook
  • Twitter
  • Print
  • Email

Like this:

Like Loading...

Parliament Session – FDI in pension and insurance

04 Sunday Aug 2013

Posted by VAN NAMBOODIRI in AIBDPA - BSNL DOT Pensioners

≈ Leave a comment

Tags

FDI, Parliament session, pension and Insurance

The government wants to being FDI in pension and increase FDI in Insurance sectors. The European and US imperialists have been continuously pressurising the government of India for the same so that their MNCs who have got huge funds with them can invest and reap maximum profits. During the visit of Finance Minister P.Chidambaram and other ministers in US, they have assured the foreign investors that the government is seriously trying address the issues raised by them. And FDI in both the sectors are a priority for them.

It is reported that the main opposition, BJP, has agreed to reconsider their objection. This is only a matter of time.

The workers in Insurance sector have been continuously opposing FDI and had been successful so far, to a certain extend in containing FDI increase. The Central/State government employees and other workers have been stoutly opposing FDI in Pension. A big Parliament March was organised last year against PFRDA Bill. The PFRDA Ordinance is issued, but it will have to be passed in the Parliament.

There is no other way, but unitedly fight the menace of FDI with support of the people.

Share this:

  • Facebook
  • Twitter
  • Print
  • Email

Like this:

Like Loading...

BSNL employees oppose FDI increase

25 Thursday Jul 2013

Posted by VAN NAMBOODIRI in BSNL - Better Service to the Nation

≈ Leave a comment

Tags

Defencer, FDI, security, Telecom

BSNL Employees all over India expressed their strong protest against the government decision to increase FDI in Telecom from 74% to 100% and in Defence from 26% to 49% (case to case basis in the latter), by wearing badges and organising lunch hour demonstration.

The decision of the UPA government to increase the FDI in these two sectors is full of security risk. Telecom is the second line of defence and naturally if 100% FDI is allowed, not only all the Indian companies will be taken over by the foreign MNCs, but the entire system of security will be under threat.

If the government continues with mortgaging the communications system to the MNCs, further struggle will erupt.

Share this:

  • Facebook
  • Twitter
  • Print
  • Email

Like this:

Like Loading...

Home Ministry oppose FDI increase in Media.

21 Sunday Jul 2013

Posted by VAN NAMBOODIRI in Telecom

≈ Leave a comment

Tags

FDI, security concerns, Telecom

The proposal of the Commerce ministry to increase the FDI from 26% to 49% has been strongly opposed by the Home Ministry on the ground that there is serious security concerns. Well and Good! The Defence minister has opposed FDI in Defence stating that it is retrograde and have got security concerns. Again, well and good!
But what about the increase in Telecom from 74% to 100%. It was also recommended by the Commerce Ministry. Telecom sector is the second line of defence and any increase of FDI is also serious security concern. But where is Kapil Sibal, Communications Minister? Why he is not opposing the FDI increase as has been done by the Home Ministry and Defence ministry? Strange indeed! The Communications Ministry is not interested in security concerns?

Share this:

  • Facebook
  • Twitter
  • Print
  • Email

Like this:

Like Loading...
← Older posts

Welcome to my blog…

Welcome to my personal blog. Kindly let me know your comments and suggestions...

Blog Stats

  • 1,553,122 hits till today

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 3,341 other subscribers

Facebook link

Facebook link

Flag Counter (Latest)

free counters

Tag Cloud

78.2% 78.2% IDA AIBDPA Air india black money Bonus BSNL BSNLCCWF BSNLEU BSNL for Better Service BSNL strike Casual labour CEC CG employees CITU closure CMD CMD BSNL Contract workers corruption CPI(M) Cuba death anniversary Defence Delhi Dharna Disinvestment DOT EPF EPFO FDI Forum Gratuity Greece India India corruption Kerala Left Parties Merger Minimum Wage MTNL National convention NCCPA NPA opposition Palestine Parliament. Parliament March penalty pension Pensioners privatisation Protest PSU PSU Banks PSUs Railways Revival of BSNL Save BSNL SBI SC Spectrum Spectrum Auction strike Telecom Telecom TU Movement Tower company TRAI US VII CPC Vodafone W.Bengal Wage revision wages WFTU

Categories

  • 2G Scam Corruption
  • AIBDPA – BSNL DOT Pensioners
  • AUAB
  • B.N.Ghosh Book
  • BSNL
  • BSNL – Better Service to the Nation
  • BSNL News
  • BSNLCCWF – Casual and Contract workers
  • BSNLEU
  • CG Employees
  • CITU
  • coal gate scam
  • Corruption
  • CTU
  • Disinvestment
  • Forum
  • General
  • General Elections 2014
  • History
  • IDA
  • Independence Struggle
  • India Left
  • Kerala
  • Kerala floods
  • Kerala LDF Government
  • Left News
  • Membership Verification
  • NCCPA
  • Neo-liberal policy
  • News
  • Obituary, Tributes
  • P&T TU History
  • P&T TU Movement
  • Parliament
  • Pension
  • Politics India
  • Post
  • Postal Service
  • Price Rise
  • privatisation
  • PSU
  • Railway
  • Railway
  • SAVE BSNL CAMPAIGN
  • SCFWA
  • Spectrum
  • Sustained struggles
  • Telecom
  • Telecom TU Movement 1991-2015
  • Train Journeys
  • TU News
  • TU News – India
  • TU News – International
  • TU News – Telecom specific
  • TUI of P&R
  • TUI of Pensioners and Retirees
  • Uncategorized
  • VII CPC
  • VII Membership Verification
  • VISIT THE PAST
  • Wage Revision BSNL – 2017
  • WFTU
  • Women
  • WORLD NEWS

Blogroll

  • BSNLEU CHQ Website

Archives

  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • July 2010

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.com

Meta

  • Register
  • Log in
  • Entries feed
  • Comments feed
  • WordPress.com

Pages

  • ‘My Story’ by Com. Jyoti Basu
  • About
  • Disclosure Policy
  • Historic Victory!
  • Settlement of Medical Bills of Pensioners
  • RSS - Posts
  • RSS - Comments

Create a free website or blog at WordPress.com.

  • Follow Following
    • VAN Namboodiri's Blog
    • Join 489 other followers
    • Already have a WordPress.com account? Log in now.
    • VAN Namboodiri's Blog
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar
%d bloggers like this: