Tag Archives: increase

BSNL Market Share increased to 10% from 9.43% – Communications Minister

28 Thursday Apr 2016

Posted by in BSNL, BSNL News, BSNLEU, General

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Communications Minister Ravi Shankar Prasad stated in Parliament on 27th April 2016 that BSNL will be increasing its market share from 9.43% in December 2015 to 10% in March 2016. Good News! The initiative of the workers andmanagement  are getting results

Along with making statements, the Minister should ensure that the refund of spectrum charges (Rs. 6,000 crore), USOF assistance (Rs. 1,250 crore) and Income Tax Refund (about Rs. 8,000 – 10,000) to enable it to purchase equipment, upgrading etc.

Bonus ceiling increased – Lok Sabha passes Payment of Bonus (Amendment Bill)

23 Wednesday Dec 2015

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Lok Sabha has passed Payment of Bonus (Amendment) Bill 2015 yesterday increasing the eligibility limit for payment of Bonus from Rs. 10,000 to Rs. 20,000. The bonus calculation limit is also increased from the present Rs. 3,500 to Rs. 7,000. These will be implemented with retrospective effect from April 2014.

The Central Trade Unions have been demanding to increase the ceiling on both eligibility and calculation limits for the past few years.

Steep Increase in Train fares from today,15th November 2015

15 Sunday Nov 2015

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The government has announced steep increase of train fare from today, 15th November towards  service tax- levy of 14% and 0.5 cess for the Swatch Bharat Abhiyan.Fares will go up by 4.35% for First Class and AC classes.

However, the service tax will not be applicable for tickets issued before November 15.
The levy will not be applicable for general and sleeper class travel also.

According to an estimate, the service tax levy and the Swachh Bharat cess are expected to fetch about Rs 1,000 crore in a year. The annual revenue from passenger fare is about Rs. 35,000 crore.

 

Telephone Charges to increase after Budget

01 Sunday Mar 2015

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The increase of service tax from 12.36% to 14.0 % in the central Budget is going to result in increase of telephone bills. The private companies have already starting stating that there is no other way but to tax the subscribers for the increase in the tax. It is the duty of the government to ensure that more burden is not put on the subscriber by increase of charges.

Failing to pass the bill in Rajya Sabha, Govt. opts for Ordinance for Insurance Bill

19 Friday Dec 2014

Posted by in General, Neo-liberal policy

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The government which failed to pass the Insurance Amendment Bill in the Rajya Sabha may opt to issue ordinance after the winter session is over. There are only two days left for the winter session to end and it may not be possible to pass the same since the Rajya Sabha is continuously adjourned due to the ‘conversion issue’ is not  resolved.

One thing is clear. The NDA government has decided to make the changes in the Insurance Act to favour the private companies, by increasing the FDI from 26% to 49%. The NDA wants it to be done before the visit of US President Obama in January 2015. Whenever the Prime Minister of India visits US or whenever President or any important functionary in the US government visits India, something to please the US imperialists has to be done according to the NDA/UPA governments. And now the US President himself is visiting India, a ‘great favour’. The favour has to be returned by increasing FDI, which is the demand of the US financial sector.

The interest of the US is more important to the Indian ruling class, than the interest of India.

EPF may get higher than 8.5% interest in 2013-14

10 Thursday Oct 2013

Posted by in TU News - India

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The continuous pressure by the central trade unions and the better performance may result in a slight increase of interest for the more than 5 crore EPF subscribers in 2013-14. Last year, the interest paid was 8.5%.

The interest will be announced after the meeting of the Central Board of trustees (CBT) chaired by the Central Labour Minister takes the decision.