Reliance beats Indian Oil Corporation, becomes biggest Indian company

Reliance entry to digitise 5 million kirana stores by 2023: report
ONGC had a net profit of Rs 19,945.26 crore in 2017-18 fiscal, lagging behind IOC
Reliance Industries has toppled state-owned Indian Oil Corporation (IOC) to become the country’s biggest company by revenue.

The Mukesh Ambani-led conglomerate, in the 2018-19 fiscal year that ended March 31, reported a turnover of Rs 6.23 lakh crore. In comparison, IOC posted a turnover of Rs 6.17 lakh crore for the fiscal, according to regulatory filings by the two companies.

It was also the most profitable company in the country with a net profit of more than double that of IOC in FY2019.

Reliance was about half the size of IOC till about a decade back. Its bet on burgeoning consumer base and foray into new businesses such as telecom, retail, and digital services vastly expanded its business, clocked a net profit of Rs 39,588 crore in FY19. IOC, on the other hand, ended the year with a net profit of Rs 17.274 crore.

IOC till last year was the most profitable PSU but may have lost this position to Oil and Natural Gas Corp (ONGC) in 2018-19. ONGC is yet to declare its FY19 earnings but it had clocked a net profit of Rs 22,671 crore in the first nine months of the fiscal year.

Net profit of IOC, which depends on oil refining, petrochemicals and gas business for its revenue, had in 2018-19 declined by 23.6 per cent over Rs 22,189.45 crore net profit it had earned in 2017-18.

Reliance, on the other hand, posted a 13 per cent rise in profits over Rs 34,988 crore recorded in 2017-18.

ONGC had a net profit of Rs 19,945.26 crore in 2017-18 fiscal, lagging behind IOC.

With this milestone, Reliance has achieved the numero uno position in terms of all three parameters — revenue, profit, and market capitalisation.

With strong refining margin and robust retail business, Reliance clocked a 44 per cent in revenue in FY19 over the previous year and posted a compounded annual growth rate of over 14 per cent between FY10 and FY19. In contrast, IOC turnover rose 20 per cent in FY19 and 6.3 per cent during FY10 and FY19.

At Tuesday’s trading price of Rs 1,345, Reliance boasts of a market capitalisation of Rs 8.52 lakh crore.

Interestingly, Reliance which boasts of the highest cash reserves of Rs 1.33 lakh crore on the book, also has the highest gross debt of Rs 2.87 lakh crore at the end of March 2019.

In contrast, IOC had short and long-term loans totaling Rs 92,700 crore.

(Business Line)

JCM_Meeting with the Secretary of Health Ministry

Saturday, May 18, 2019




E mail:

13.c Feroze Shah Road,

 New Delhi. 110 001


SECy. GENERAL:          COM.K.K.N.KUTTY. (98110 483030)

Dated 17TH May, 2019.

Dear Comrades,

            The 47th meeting of the National Council JCM was held on 13th April, 2019. This meeting was held after a lapse of about a decade.  As you are aware, the Staff Side of the JCM had to take the decision to organise a dharna programme at New Delhi to force upon convening such a meeting.  Since the Government indicated their willingness to convene the meeting of the National Council and the date was notified the proposed dharna programme was not held. 

            The agenda taken up for discussion at the meetings were pretty old and mostly pertaining to the 6th CPC issues.  The record of discussions that was prepared by the Staff Side is on the website of the National Council, JCM. Staff Side.  We are not reproducing the same for it has lost of its relevance to day.  If any comrade wishes to see the same, they may kindly visit the website of the National Council JCM. Staff Side. 

            In the said meeting, the issues related to the Health Ministry was discussed at length.  However, the staff side pointed out that the convention of having separately discussing the health-related issues must be followed.  Accordingly, the Secretary Health convened a meeting of the National Council, Standing Committee on 16th inst.   The undersigned attending the meeting in his capacity as the Standing Committee member. After the meeting, a synopsis of the discussion was prepared by the Staff Side and the same is reproduced hereunder.  The issues discussed mostly pertains to the CGHS problems.  On the basis of the feed- back we have received from some of the affiliates, the NCCPA had prepared a listof items (fresh) and the same had been submitted to the Government for discussion in the meeting of 16th inst.   However, these items could not be taken up for discussion as the official side had complained of lack of sufficient time for them to study and respond.   It has now been agreed that another meeting will be convened soon to discuss those issues.  We send herewith the items we proposed to discuss at the meeting as and when it is convened.   We request our comrades to kindly go through these items and if any important issues have been omitted, we may be informed immediately so that the same can be included well before the next meeting is convened.   Incidentally we may point out that only from a few units, we received suggestions and views on problems connected with health care.  Many units chose not to respond to our communication in the matter. 

            We shall pursue these issues to reach a settlement.  With greetings,

Yours fraternally,

K.K.N. Kutty.

Secretary General.

A meeting with the Staff Side of the National Council JCM under the Chairmanship of Secretary, Ministry of Health & FW was held today at Nirman Bhawan, New Delhi. The Staff Side was represented by Comrades Shiva Gopal Mishra, Guman Singh, KKN Kutty, C. Srikumar, M. S. Raja and R.N. Parashar. The following agenda points were taken up for discussion and the decisions taken are given below for your information.

Item No Agenda Points Decision
1. Non grant of 90% Medical Advance for all type of treatments by the Audit Authorities in the Ministry of Defence in violation of Ministry of Health and Family Welfare Letter No.     S.14025/18/2015-MS/EHSS dated 17.10.2016 It was Clearfield by the Official Side that 90% advance even in the case of other than package can be made to the employees as per Ministry of Health OM dated 17.10.2016. In case the Accounts Authorities of the MOD is not allowing the same, the MOD may be requested to refer the matter to Ministry of Health.
2. Review of ward entitlement for Central Government Employees It was agreed to reconsider the wage limit for Ward entitlement and also to streamline the same as per the 7th CPC pay matrix.
3. Withdrawal of the condition imposed in Ministry of Health OM No. S.14011/1/73-M.C.,   dated 23rdAugust, 1973 with regard to diabetic treatment The condition to produce certificate from DMO / Civil surgeon for continuing the treatment for diabetics etc has been removed and any Government Doctor can issue certificate in this regard.
4. Review of package rate for Organ Transplantation The actual cost of organ transplantation will be considered depending on merit of each individual case
5. In-patient treatment in Hospitals without going through the AMA. The Ministry of Health OM dated 2nd May 1953 will be re-circulated to all the Ministries which permits the in-patient treatment without AMA sanction
6. Reimbursement of preventive Vaccination charges This is a policy matter which Government will have to decide
7. Emergency Treatments in CGHS recognized Hospitals. At present the CGHS beneficiary can directly approach the recognized hospital with the CGHS Card without any referral memo. The proposal of the Staff Side to avoid hardship to the patient for subsequent dealings with the CGHS Wellness centre would be considered the concerned hospitals will be asked to get the approval of the concerned dispensary doctor.
8. Reimbursement of Medical expenses not covered under the CGHS Package Rates. Steps are being taken to revise the CGHS packages and at that time the inclusion of new procedure etc  would be considered.
9. Issue of Medicines to CS(MA) beneficiaries availing inpatient treatment in CGHS recognized Hospitals. Not agreed. CS(MA) beneficiaries has to get reimbursement of the Expenses
10. Permission / Ex-post facto approval for elective treatment / investigation taken in non-empanelled Hospitals / Diagnostic Centers for CS(MA) beneficiaries at par with CGHS beneficiaries. Not Agreed
11. Treatment of dependents of the deceased Employees / Employees who have taken voluntary retirement / premature retirement / medical invalidation / compulsory retirement etc. Provisional CGHS Card will be issued to the above category of employees based on the Last Pay Certificate
12. Opening of CGHS Dispensaries in AGRA, Barrackpore (Kolkata) and Kochi Government orders are already issued in this regard. As regards Kochi, Kozhikode and Kannur steps are taken to acquire accommodation for the wellness Centre. At Kochi the BSNL Quarters have been identify. Formalities to access the same is under way. The doctor shortage of Agra would be looked in to. At present Barrackpore wellness Centre is functioning as an extension counter. Depending upon its utility the demand for establishing the same as a permanent wellness centre would be considered.
13. Central Government health Scheme. Empanelling of hospitals – streamlining the procedure to provide in-patient treatment to the beneficiaries. More than Rs. 300 crores are due to the hospitals are being cleared and under way  to clear the same. steps are taken to streamline the payment procedure for the Hospitals
15. Direct consultation with Specialists in CGHS/Central Government/State GovernmentHospitals /Polyclinics. Continuation of the facility to those CGHS beneficiaries who wereeligible for direct consultation before revision of the Monetary Ceiling The monetary ceiling is already removed
16. Revision of monetary Ceiling for direct consultation with Specialists in CGHS/CentralGovernment/State Government Hospitals /Polyclinics in respect of Pensioners and Family Pensioners. The monetary ceiling is already removed
17. Plastic Cards Settled
18. Indication of Ward entitlement in plastic cards of pre-1-6-2009 Beneficiaries Would be considered
19. Grant of one time option to CGHS Beneficiaries to opt for ward entitlement as per their revised Pay in Pay Band. Would be considered
20. Provision of CGHS facility for life time to dependent disabled/mentally retarded children of Central Government Employees/Pensioners Agreed to consider the demand in consultation with Department of Expenditure
21. Extension of CGHS facilities to retired BSNL employees – follow up action by the Ministry of Health and family Welfare & fixation of rates of contribution & ward entitlement. Settled

The remaining twelve fresh agenda points would be discussed later. The Health Ministry will fix the date for the said meeting.

The issue of inadequacy of CGHS empanelled hospitals at Mumbai was seriouslydiscussed in the meeting. After discussion the official side agreed to re visit the issue considering the difficulties being faced by the Central Government Employees posted in Mumbai it was also agreed that the demand of the Staff Side for establishing a Central Government Hospital at Mumbai  would be considered again and the proposal of the Staff Side to locate the said hospital at Antop Hills was favourably responded.

With Greetings,

Yours Comradely,

(Shiva Gopal Mishra)


BSNL expects normalcy in liquidity position by Sept quarter

“The BSNL management is making all out efforts to ease the pressure on liquidity.It is expected that in near future, the liquidity position of the company will start improving,” Gupta said in the letter dated May 16.
The BSNL management is making all efforts to ease liquidity pressure being faced by the company, and expects normalcy in liquidity position to be restored by the September quarter, according to a senior official of the crisis-ridden PSU. BSNL Director – Finance, S K Gupta has shot off a letter to all Chief General Managers of telecom circles, flagging the “fiercest ever competition” being faced by the telecom sector and said “predatory tariff offerings by the competitors” has triggered a sharp decline in revenue from services.

“The BSNL management is making all out efforts to ease the pressure on liquidity. It is expected that in near future, the liquidity position of the company will start improving,” Gupta said in the letter dated May 16.

He asserted that normalcy in liquidity position is expected to be restored by the next quarter.

BSNL has been able to sustain its customer base, despite the persistent pressure of competition on its revenue.

“The telecom sector being capital intensive, wherein even to remain in business ‘or’ to ensure business sustainability, the service providers are required to invest in newer technologies at frequent intervals, as technologies evolve at very fast pace,” the letter said.

The cumulative effect of these factors have resulted in liquidity crunch, Gupta added.

(The Economic Times)



No: UA/2019/87 17.05.2019                   Circular

To All the General Secretaries, AUAB.

Meeting of the AUAB held on 16.05.2019.

A meeting of the AUAB was held at 15:00 hrs. yesterday the 16.05.2019, at NFTE’s office, New Delhi. Com.Chandeshwar Singh, Chairman, AUAB, presided over the meeting. Com.P.Abhimanyu, Convenor, welcomed every one and presented the agenda items. The attendance of the meeting was as follows:-

BSNLEU: Com. P. Abhimanyu, GS & Convenor, AUAB.

NFTE: Com. Chandeswar Singh, GS & Chairman, AUAB.

SNEA: Com. Sebastin, GS.

AIBSNLEA: Com. Prahlad Rai, GS and Com. Sivakumar, President.

AIGETOA: Com. Badri Kr. Mehta, Vice President.

BSNL MS: Com. Suresh Kumar, GS.

BSNL ATM: Com. Rewati Prasad, AGS.

TEPU: Com. Rasheed Khan, AGS.

Detailed discussions were held with regards to the status of AUAB’s charter of demands, issues related to the revival of BSNL and victimisations on account of our struggles. In-depth discussions also took place with regards to the strategy to be adopted for the settlement of the demands, in the backdrop of the changing political scenario. The following decisions are taken unanimously:-

(1) One more letter is to be written to the Secretary, Telecom, demanding a meeting for the discussion of the issues contained in the charter of demands.

(2) To demand implementation of the assurance of the CMD BSNL, on account of Management’s contribution for the Superannuation Benefits.

(3) To write to the Secretary, Telecom, demanding implementation of one of the important recommendations of the IIM, Ahmedabad, viz., implementation of 3rd Pay Revision to BSNL employees. The DoT is trying to implement all the negative recommendations of the IIM, Ahmedabad, leaving aside the important recommendation of implementing 3rd Pay Revision.

(4) To write to the Prime Minister, with copy to the Cabinet Secretary, etc., demanding immediate filling up of the vacant posts in the BSNL’s Board with regular Directors.

(5) The Department of Pension and Pensioners Welfare has sought certain queries from DoT, on pension revision. The DoT has conveniently not given any reply so far. It is decided to write to the DoT, demanding to give immediate reply to the DoP&PW.

(6) To write to the CMD BSNL demanding immediate settlement of the notices issued for implementation of break-in-service under FR 17 A.


  HUAWEI, THE TELECOM GIANT AND THE POLITICAL CONTROVERSY.                                                                                                                     K G Jayaraj


It was a shocking news to the world that Ms.Meng Wanzhou, Chief Financial Officer , Huawei was arrested in December, 2018 by the Canadian government at the behest of USA. Ms.Meng is none other than the daughter of Ren Zhengfei, the founder of Huawei. The allegation by USA is that she and Huawei conspired to dodge the American sanctions against Iran and faces extradition. The firm is also accused of trying to steal trade secrets from T-Mobile, an American subsidiary of Deutsche Telecom.Donald Trump also asked his allies to disassociate with Huawei and that is how Canada arrested Meng Wanhou. But other countries including Britain have rejected the US plea. On the contrary, the UK government took a cabinet decision in April, 2019 to allow Huawei to build next generation infrastructure in Britain. Naturally this will invite the wrath of Donald Trump against the Theresa May government. But the decision is generally appreciated  as a balanced stand far from being a betrayal. It is felt that Britain’s approach of using the Huawei’s gear on the edges of 5G network, under close supervision, offers a sensible framework for limited commercial engagement while protecting the security of Britain and its allies.

 Now, USA has banned Huawei citing security issues. This is nothing new. Another Chinese technology firm ZTE was banned in 2017 from doing business with American firms. The consequences were severe that ZTE was forced to stop production as it relies on technology from US firms such as Qualcomm, a chip maker and Google which develops Android, a smart phone operating system. However ZTE was saved from serious crisis after Donald Trump, US President had to agree with Xi Jinping, his Chinese counterpart, to lift the ban.


Huawei has a humble beginning in 1987. It started with importing telephone switching gear from Honkong and reselling, of course at the bottom of the value chain. Its rise is better compared to China which has grown as the number two economy of the world within a short period. Now, its products- from smartphones to solar panels are sleek, high tech and competitive with any products of its rivals. In a nutshell, Huawei and its mother country, China have become the technological pacesetters in their own right. Naturally it has reflected in its revenues which rose to $105bn in 2018. The firm has a work force of 80,000 in research and development alone. In 2018 China has filed 53,345 patents just behind USA’s 56,142. Of China’s , around one in ten came from Huawei.

Huawei’s ascent, like that of China , has caused a good deal of worry elsewhere in the world. For the last three decades, the firm is still in telecoms-equipment business. Huawei has become one of the world’s biggest suppliers of high-tech kit used to build mobile phone network along with Nokia, a Finnish firm and Ericson, a Sweedish company. However Huawei has been most active in setting the technical standards for the fifth generation-5G- network. These promise big increases in speed and capacity that will improve some existing technologies such as connected cars, and make possible new ones. So, Huawei and China sit at the heart of technologies. This has naturally become a critical piece of future national infrastructure for other countries in the world, particularly the US imperialism. So, Donald Trump has taken such a harsh step of ban not on security issues but out of jealousy and frustration. Actually, no evidence of spying by Huawei has been made public and most emerging economies have no intention of prohibiting Huawei. A ban by a few American allies risks splitting the world in to two blocs. The decision is  also connected to the current trade war initiated by Donald Trump against China and other countries. And as in the case of ZTE Donald Trump will be compelled to lift the ban on Huawei sooner or later.


The development program of BSNL in the mobile segment was scuttled during the 1st UPA government by not allowing BSNL to procure the equipments from Huawei, which has quoted the lowest price, citing security issues. The irony was that Huawei equipments were allowed to be procured by private telecom companies and the telecom installations at PMO(Prime Ministers Office) were that of Huawei. We, the BSNL people know well that Huawei opposition was just a ploy to deny the advancement of BSNL for the sake of private telecom companies.  And this was the first deleberate attack on BSNL by the government itself which paved the way for the decline of BSNL.

Marking of PPO number in the bank passbook of Pensioners

Central Pension Accounting Office has issued an OM Regarding marking of PPO number in the bank passbook of Pensioners/Family Pensioners

NEW DELHI-110066

CPAO/IT&Tech/Bank Performance/37 (Vol-III)A/2019/18



Subject:- Regarding marking of PPO number in the bank passbook of Pensioners/Family Pensioners.

Attention is invited to this office OM No. CPAO/Tech/ Clarification / P&PW/20 14-15/426-497 dated-17.09.2014 wherein it was advised to the banks to record the PPO number in the passbook of the pensioners. This office is still receiving complaints from the pensioners that their PPO number is not being recorded by the banks in their passbook leading to problems like transfer of pension account from one bank/branch to another bank/branch, delay in commencement of family pension etc.

Therefore, Heads of all CPPCs and Govt. Business Departments are once again requested to instruct all their bank branches dealing with the pension payments to record the PPO number in all the passbooks of the pensioners/ family pensioners issued by them.

This issues with the approval of Chief Controller (Pension).

(Praful Dabral)
Sr. Accounts Officer (IT & Tech)



Saving BSNL

The Centre needs to act urgently to revive this strategically important PSU

The Centre must take immediate steps to revive Bharat Sanchar Nigam Ltd if it wants to achieve the objective of reaching 100 per cent tele-density in rural areas and keep telecom services affordable for the common man. While private operators have taken over the market with billions of dollars in investments and cost-efficient operations, India’s telecom consumers need a public sector entity like BSNL as an effective counter to any monopolistic venture that may arise due to the ongoing financial stress in the sector. From as many as nine operators, intense competition and below-cost pricing have reduced the number to just three players. The larger surviving operators, who have so far managed to sustain their operations, are under pressure to increase tariffs. The highly leveraged balance sheets of these operators could also force them to slow down the rollout of next-generation data networks to rural and economically unviable areas. In this context, it is important to have a strong PSU telecom company which will not only prevent private players from increasing tariffs as an easy means to escape financial stress but also ensure that rural consumers are catered to.

Reviving BSNL is tough, but not impossible. The once dominant public sector company has been reduced to a mere footnote, thanks to years of political interference and bureaucratic functioning. There have been many attempts earlier to improve the company’s operations, but most of them remain on paper. For example, a committee headed by Sam Pitroda, then advisor to the Prime Minister, offered a 15-point plan to turnaround the PSU, including trimming staff, divesting 30 per cent equity, adopting a managed services model for its various operations and inducting a chief executive from the private sector. This plan has not been acted upon.

Time is running out, though. BSNL has, in 14 years, moved from Navratna status to being declared as a sick PSU, with cumulative FY2009-18 EBIT losses of 82,000 crore. To prevent any further erosion of value, the Centre must do three things. First, divest all the real estate land parcels owned by the company and invest the proceeds into buying all the technology BSNL needs to be at par with private players. Second, implement the proposals of the Pitroda panel, especially those related to cutting down staff costs and hiving off various businesses into different verticals. Here, the Centre can study how British Telecom, once a struggling PSU in the UK, was turned around. Finally, remove all political interference and appoint a strong, independent management to run the company. This will not only secure the future of BSNL, but also ensure that affordable digital services reach every nook and corner of the country.

Old Pension Scheme to NPS Employees selected during 2003 recruited on or after 1.1.2004


Old Pension Scheme to NPS Employees selected during 2003 recruited on or after 1.1.2004

Extension of old pension scheme under CCS(Pension) Rules 1972 to the employees who were selected During the year 2003 and who had joined service On or after 01/01/2004

National Council (Staff Side)
Joint Consultative Machinery
for central Government Employees
13-C, Ferozsha Road, New Delhi -110001


April , 2019

The Secretary
Government of India
Department of Pension and Pensioners welfare
3rd Floor, Lok Nayak Bhawan.
Khan Market, New Delhi.

Sub: Extension of old pension scheme under CCS(Pension) Rules 1972 to the employees who were selected During the year 2003 and who had joined service On or after 01/01/2004.

Ref: 1) Judgment of the Hon’ble High Court of Delhi
Judgment in WP (C)3834/2013 & in WP(C)
2810/2016 dtd. 27/03/2017.

2) Min. of Home Affairs (Pay & Accounts Office)
2018-19/797, dtd. 15th March 2019.


You are aware that the Staff Side of National Council(JCM) is representing in various forums to withdraw the National Pension System and to restore the old Pension Scheme under CCS(Pension) Rules 1972, to the Defence Civilian Employees recruited on or after 01/01/2004, since the NPS is determental to the employees as there is no defined guarantee for Pension during the old age. This was one of the important demand, for which the NJCA has served Strike notice on the Govt. For observing In-definite Strike. However due to the assurance given by the Group of Ministers, the proposed In-Definite Strike was deferred.

Sir, at present based on the Judgment of the Hon’ble High Court of Delhi in the above referred cases, the Ministry of Home Affairs have decided to extend the benefits of the old pension scheme under CCS(Pension) Rules 1972, to the Para-Military forces who were selected during the year 2003, but joined service on or after 01/01/2004. In this regard your kind attention is drawn to the letter of Ministry of Home Affairs, dtd. 15th March 2019 referred at (2) above (copy enclosed for ready reference). The Ministry of Home Affairs have decided to transfer the NPS contribution of the concerned employees to the GPF Scheme and also to bring the employees who were selected during 2003 on the basis of notification issued during 2002/2003 and joined service on or after 2004, under the coverage of CCS(Pension) Rules 1972.

A large number of Central Govt. Employees in various Departments Like Railways, Defence, Postal and other Departments are similarly placed. These employees were selected for appointment during the year 2003, based on the employment notification issued during 2002/2003 however due to delay in receiving the Attestation Forms(Police Verification Report), Medical fitness etc., they were forced to join service on or after 01/01/2004. Due to no mistake of theirs’ they were brought under the coverage of NPS, thereby denying them the benefit of GPF and Defined Guaranteed Pension under the CCS(Pension) Rules 1972. These employees also have now started representing for extending the benefit given to the Home Ministry Staff for them, and their demand is fully justified and is covered under the Judgment of Hon’ble High Court of Delhi.

Sir, in view of the above, it is requested that you may kindly look into the matter and arrange to issue instructions for extending the benefit given to the Para-Military forces in the Home Ministry to the similarly placed Central Govt. Employees by extending them the benefit of Old Pension Scheme under CCS(Pension) Rules 1972. A copy of your instruction may please be endorsed to this office.

Thanking you,

Yours faithfully
(Shiv Gopal Mishra)