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VODAFONE TO MERGE WITH IDEA CELLULAR- TO FACE CHALLENGE OF RELIANCE JIO.

In preliminary merger talks with Vodafone India: Idea Cellular to stock exchanges

The Aditya Birla Group company added, “it is important to mention that the fundamental premise of preliminary discussion is based on equal rights between Aditya Birla Group and Vodafone in the combined entity.”

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In preliminary merger talks with Vodafone India: Idea Cellular to stock exchangesIn preliminary merger talks with Vodafone India: Idea Cellular to stock exchanges - > Idea-to-Idea unlimited local and STD calls + 300MB 4G data. > On Rs 348 recharge: Idea users will get 1GB free data+ unlimited calls(STD+Local) > New 4G handset will get an additional 3GB data with unlimited calls(STD+Local) All this will fetch you free data worth Rs 9,000 for a year on a new 4G handset.
> Idea-to-Idea unlimited local and STD calls + 300MB 4G data. > On Rs 348 recharge: Idea users will get 1GB free data+ unlimited calls(STD+Local) > New 4G handset will get an additional 3GB data with unlimited calls(STD+Local) All this will fetch you free data worth Rs 9,000 for a year on a new 4G handset.

NEW DELHI: Idea Cellular, the country’s third largest telecom operator by users, said that it has been in preliminary discussions with Vodafone Group for a potential merger, replying to a clarification sought by the stock exchanges on ET story “Merger May be the Best Idea for Vodafone, Sirji” published on Monday.

“The company constantly evaluates various opportunities for enhancing the stakeholders’ value. As a part of the exercise, the company has been in preliminary discussions with Vodafone, In view of the fact that the discussion is at the preliminary stage, the Company is not in a position to share any further details,” the company said in a filing.

READ MORE: Vodafone confirms talks with Idea Cellular for all-share merger

The Aditya Birla Group company added, “it is important to mention that the fundamental premise of preliminary discussion is based on equal rights between Aditya Birla Group and Vodafone in the combined entity.”

It also cautioned that there is no certainty that the discussion with them will result in any agreement.

“The company will inform the stock exchanges as an when the Board takes any decision in this regard,” it added.

Earlier today, Vodafone Group also confirmed its discussions with the Aditya Birla Group about an all share merger of Vodafone India and Idea Cellular. It said that the discussions exclude Vodafone’s 42% stake in Indus Towers.

 

(SOURCE: ECONOMIC TIMES)

QUARTERLY GENERAL BODY MEETING OF HUBLI DISTRICT BRANCH.

The usual quarterly general body meeting of Hubli District Branch was held on 29-01-2017 with good participation of pensioners. Com.A.D.Kulkarni, District Secretary welcomed the gathering and briefed on the agenda of the meeting. Com.G.G.Patil , CHQ AGS addressed  and explained the importance of the meeting,particularly, in the wake of the ensuing circle conference being held at Mysuru on 25th & 26th February, 2017. Thereafter delegates to the circle conference were elected unanimously.

INDIA POST PAYMENT BANK TO START SERVICE SOON.

The Reserve Bank of India has granted permission for the functioning of the India Post Payment Bank and it is expected that the same will start functioning before 31 March 2017 , according to the report in the press.

The RBI was not granting sanction for the Department of Posts to start the payment bank for a long time. Airtel and Paytm was granted permission earlier. It is informed that the facility will be rolled out in 650 using the network facility of 1.54 lakh Post Offices.

The government has appointed Shri. A.P.Singh of Indian Postal Service as the interim MD and CEO of IPPB. Is it necessary to have a separate entity for IPPB, when the Department of Posts is there? Is it trying to take away the banking business from the DoP?

Meeting of all unions and associations to be held on 06.02.2017

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A meeting of the all unions and associations will be held at 3 pm on 06.02.2017. The venue of the meeting will be BSNL MS office. The next course of action on the Subsidiary Tower Company and also issues like PMO office letter on BSNL, facing challenges from Reliance Jio, and BSNL’s 4G service will be discussed in this meeting.

(courtesy: BSNLEU website)

BSNL Management demands the government to allot 700 MHz spectrum.

 

While all other private operators have started 4G service, BSNL has not yet started the same. This is the age of data, and BSNL cannot sustain in the market without providing 4G service. For providing 4G service, spectrum is required. BSNL has requested the government to allot 700 MHz spectrum for this purpose. BSNLEU, in it’s 8th All India Conference held recently, has demanded that the government should allot 4G spectrum to BSNL, free of cost.  

courtesy: BSNLEU website)

India Alone is India – Gopalakrishna Gandhi

“An impression prevails that you want to be seen as India,that criticism of you therefore amounts to criticism of India, tantamount to treason.”

“Indira was not India. No Prime Minister can be India. India alone is India.”

( From the Open Letter to Shri Narendra Modi, Prime Minister of India by Shri Gopalakrishna Gandhi, former administrator, diplomat and Governor published in Hindu dated 26th January 2017)

“TRUST SHALL NOT BE BETRAYED”

 

7th Central Pay Commission has quoted in para – 1.29 of ” Foreword ” , the following observations of the Supreme Court in the case of Bhupendranath Hazarika and another Vs State of Assam and others (reported in 2013 (2) Sec 516).

“It should always be borne in mind that legitimate aspirations of the employees are not guillotined and a situation is not created where hopes end in despair………. A sense of calm sensibility and concerned sincerity should be reflected in every step. An atmosphere of trust has to prevail and when the employees are absolutely sure that their trust shall not be betrayed and they shall be treated with dignified fairness ; then only the concept of good governance can be concretized. We say no more.”

Unfortunately, the NDA Government and the Group of Ministers consisting of Sri Rajnath Singh, Hon’ble Home Minister, Sri Arun Jaitley, Hon’ble Finance Minister, Sri Suresh Prabhu, Hon’ble Railway Minister who gave assurance on 30th June 2016 that Minimum wage and Fitment formula will be increased and a High Level Committee will be Constituted with a time – frame of four months , have given least concern for the above observations of the Apex Court. Now seven months are almost over. Further there is no guarantee that Allowance Committee will increase the percentage of HRA recommended by 7th CPC. Instead there is every chance, to deny retrospective effect from 01.01.2016 to the revised allowances and it may be implemented prospectively from 01.01.2017 or 01.04.2017, thus denying the eligible arrears for one year or more. It has become certain that the Option – 1 for pensioners recommended by 7th CPC, which is the one and only favourable recommendation, stands rejected. Orders on abolition of Advances including Festival advance and imposing “very good ” condition for MACP are issued unilaterally .

Request of the JCM National Council Staff side Secretary to give one more opportunity to present it’s case before the Allowance Committee is not conceded by the Finance Secretary, who is the Chairman of the Committee. The request of the JCM Staff side to modify the Terms of Reference of Anomaly Committee is also not yet considered by the Department of Personnel and Training. The Committee constituted for New Pension Scheme is only for streamlining the NPS by making some cosmetic changes as recommended by 7th CPC and not for considering the demand of the JCM Staff side to scrap NPS. Not even a single demand of the staff side submitted to Cabinet Secretary on 10th December 2015, requesting modifications in the recommendations of 7th CPC is settled by the Government. The so-called group of senior officer’s committee had, in fact, ridiculed and humiliated the JCM Staff Side standing committee.

The All India Conference of the Confederation of Central Government Employees & Workers held in August 2016 at Chennai had taken a decision to request all constituents of NJCA to revive the indefinite strike , if Government is not ready to honour it’s commitment before 30th October 2016.  The AIC had further decided that, in case NJCA is not ready to revive the deferred indefinite strike, then Confederation should organise independent trade union action including strike. Confederation strongly feels that there in no meaning in waiting indefinittely for Government’s decision. We cannot cheat the employees like NDA Government. As no consensus decision could be taken in NJCA, Confederation had decided to  go for one day strike and organised country wide demonstrations, mass dharnas and massive Parliament March. Strike notice for one day strike on 15th February 2017 was served on 28th December 2016. Due to announcement of assembly elections in five states by Election Commission of India and 15th February being a polling day, the strike was postponed to 16th March 2017.

Intensive campaign and mobilisation is going on in full swing all over the country. About 13 to 15 lakhs Central Government employees will participate in the strike, with the full support and solidarity of about 34 lakhs pensioners, Central Trade Unions, independent Federations of State Government employees, Bank and Insurance employees and other public sector employees.

After reviewing the participation of employees in the one day strike, Confederation shall explore the possibility of declaring higher form of trade union action including indefinite strike .

M. KRISHNAN 

Secretary General

 

Implementation of VII CPC recommendations connected with pension

 

Despite many months after the implementation of pensionary benefits as per the VII CPC recommendations for the CG pensioners including gratuity, these have not been extended to BSNL pensioners. Com.V.A.N.Namboodiri, Advisor, AIBDPA on, 24th January 2017, met Shri R.K.Mishra Member (Services) and discussed the matter and demanded for early issue of orders in the matter. He agreed to look in to the matter. He also pursued the issue of pensionary benefits on the basis of 78.2% IDA fixation to the BSNL pensioners retired between 01-01-2007 and 09-06-2013, for which detailed letter had given to Secretary ,DoT by the CHQ.