THE RESERVE BANK OF INDIA HAS ON 6TH NOVEMBER,2013 HAS PERMITTED WHOLLY OWNED SUBSIDIARY OF FORIEGN BANKS TO ACQUIRE DOMESTIC PRIVATE SECTOR BANKS.IT ALSO ALLOWED THEM TO SET UP BRANCHES ANYWHERE IN THE COUNTRY.THEY WILL HAVE THE RIGHT TO INVEST UPTO 74% IN THE PRIVATE SECTOR BANKS,THEY MAY ACQUIRE.
TODAY IT IS THE PRIVATE SECTOR BANKS,AND THE NEXT TARGET WILL BE THE PUBLIC SECTOR BANKS AND THE COMMON PEOPLE TO SUFFER.

IT IS REPORTED IN THE PRESS THAT THE TELECOM COMMISSION,THE HIGHEST DECISION MAKING BODY OF THE DEPARTMENT OF TELECOMMUNICATIONS HAS RECOMMENDED FOR RAISING THE RESERVE PRICE FOR THE AUCTION OF SPECTRUM FROM THE PRICE MOOTED BY THE TELECOM REGULATORY AUTHORITY OF INDIA.
THE DECISION IN THIS REGARD WAS TAKEN ON 6TH NOVEMBER,2013,RECOMMENDING HIGHER PRICE OF 15% FOR PAN-INDIA MOBILE PHONE SPECTRUM AND 25 PER CENT FOR KEY CIRCLES LIKE DELHI AND MUMBAI.
TRAI HAD SLASHED THE BASE PRICE WHICH WOULD ONLY BENEFIT THE PRIVATE TELECOS CONSEQUENT ON A VIRTUAL OF BOYCOTT BY THE PRIVATE TELECOM COMPANIES IN THE AUCTION CONDUCTED ON LAST TWO OCCASIONS.
HOWEVER THE HIGHER RATES NOW RECOMMENDED BY THE TELECOM COMMISSION ARE STILL LOWER THAN THE RESERVE PRICES FIXED FOR PREVIOS AUCTION.THE HIGHER PRICES ARE BASED ON THE RECOMMENDATIONS OF THE INTER-MINISTERIAL PANEL TO THE EMPOWERED GROUP OF MINISTERS.
SHRI.M.F.FAROOQUI,CHAIRMQN,TELECOM COMMISSION HAS STATED THAT THE COMMISSION HAS TAKEN DECISION ON THE SPECTRUM PRICING FOR 1800 MHz AND 900 MHz AND ALSO FOR MERGER AND ACQUISITIONS.
THE DOT IS LIKELY TO CONDUCT THE THIRD ROUND OF AUCTION BY JANUARY,2014 AND EXPECTS TO GARNER ABOUT RS.11000 CRORE THIS FISCAL.

THE THREE DAYS CIRCLE CONFERENCE OF BSNL EMPLOYEES UNION,KERALA STARTED AT KOTTAYAM ON YESTERDAY,THE 6TH NOVEMBER,2013 WITH GREAT ENTHUSIASM.COM.M.A.BABY,POLITBURO MEMBER OF CPI(M) FORMALLY INAUGURATED THE CONFERENCE STRESSING THE IMPORTANCE OF CONTINUED JOINT FIGHT OF THE EMPLOYEES TO PROTECT BSNL.
COM.K.G.JAYARAJ,GENERAL SECRETARY,AIBDPA ADDRESSED THE INAUGURAL SESSION AMONG OTHER VARIOUS LEADERS.THE MESSAGE OF COM.V.A.N.NAMBOODIRI,PRESIDENT,BSNLEU WHO COULD NOT ATTEND THE CONFERENCE DUE TO ILLNESS WAS CONVEYED TO THE DELEGATES BY COM.K.G.JAYARAJ WHICH WAS RESPONDED WITH THUNDEROUS APPLAUSE.COM.P.ABHIMANYU,GENERAL SECRETARY,BSNLEU INAUGURATED THE DELEGATES SESSION COVERING ALMOST ALL THE ISSUES.
COM.P.V.CHANDRASEKHARAN,PATRON,AIBDPA PRESIDED THE SEND OFF MEETING TODAY TO FIVE CIRCLE OFFICE BEARERS,VIZ,COMS.K,N.MOHANAN,M.G.S.KURUP,C.SADANANDAN,P.V.RAMACHANDRAN AND MONI RAVEENDRAN.
COM.N.RAMESAN,CIRCLE SECRETARY,AIBDPA,KERALA WILL ADDRESS THE TRADE UNION SESSION ON
TOMORROW.
THE CONFERENCE WILL CONCLUDE ON 8TH NOVEMBER WITH BIG RALLY AND PUBLIC MEETING.

TODAY,THE 6th NOVEMBER,2013,COM.K.G.JAYARAJ,GENERAL
SECRETARY HAS TALKED TO SHRI.PRACHISH KHANNA,
DIRECTOR (ESTABLISHMENT),DOT REGARDING THE ANOMALY
IN PENSION TO THOSE RETIRED WITHIN TEN MONTHS OF
FORMATION OF BSNL.
THE DIRECTOR HAS STATED THAT THE FILE IS STILL PENDING
WITH THE SECRETARY,DOT.
THE REASON FOR THE DELAY IS REPORTED TO BE DUE TO THE
DIFFERENT REMARKS MADE BY THE DOT,FINANCE IN THE
ORIGINAL PROPOSAL.
HOEWEVER IT IS RATHER CRUEL TO DELAY THE ISSUE FURTHUR
AND THE SECRETARY,DOT IS URGED TO RATIFY THE ORIGINAL
PROPOSAL SO THAT IT COULD BE FORWARDED TO THE PENSION
&PW DEPARTMENT FOR THEIR APPROVAL.

All the 11 Central Trade Unions and 36 independent Federations, including Central, State Government employees, BSNL Employees Union etc, have given a call for massive demonstrations and Parliament March on 12th December at New Delhi on the demands of the people and workers.

National Co-Ordination Committee of Pensioners Associations (NCCPA) has also given call for maximum participation of central pensioners in the March, especially from the nearby states.

NCCPA has also called the pensioners to organise demonstrations in their own stations on the same date.

A meeting of the available members of the Bharat Central Pensioners Association (BCPC) was held on 19th October 2013 at New Delhi, presided over by Shri S.C.Maheswari, Secretary General BPS. From AIBDPA Com. V.A.N.Namboodiri, Advisor attended. Com. S.K.Vyas, Secretary General reported the latest developments.The following decisions were taken:
1. Shri S.C.Maheswari was elected as Chairman of BCPC, in place of Shri S.S.Ramachandran, whose resignation was accepted with much reluctance.
2. The next AGM will be held at New Delhi, after Holi. The date will be fixed in consultation with the Chairman.
3. The draft terms of reference for VII Central Pay Commission presented by Secretary General was adopted after discussion.

VODAFONE INDIA’S MINORITY STAKE SELLERS ARE LIABLE TO PAY CAPITAL GAINS TAX @ 20 PER CENT TO THE CENTRAL GOVERNMENT,A FINANCE MINISTRY OFFICIAL HAS SAID.

THE BRITISH MAJOR TELCO,VODAFONE PLC’S PLAN TO BUY OUT THE MINORITY SHAREHOLDERS IN ITS INDIAN TELECOM VENTURE,VODAFONE INDIA TO INCREASE ITS STAKE TO 100 PER CENT FROM THE PRESENT 84.5 PER CENT WILL BE TAXED AS PER RULES.

VODAFONE CAME TO INDIA IN 2007 BY BUYING HUTCHISON WHAMPOA IN HUTCHISON-ESSAR IN A $11 BILLION DEAL FOR WHICH THE COMPANY FACES A TAX LIABILITY OF RS.11200 CRORE,ALONG WITH INTEREST.

THIS WAS DISPUTED BY THE COMPANY AND THE GOVERNMENT HAD TO SOFTEN ITS STAND AGREEING FOR

CONCILIATION OFFERED BY VODAFONE.BUT THE ISSUE IS STILL PENDING UNSETTLED AS THE COMPANY

IS INSISTING TO RESOLVE THE DISPUTE UNDER UNITED NATIONS COMMISSION ON INTERNATIONAL TRADE LAW INSTEAD OF INDIAN ARBITRATION AND CONCILIATION ACT.

IN THESE CIRCUMSTANCES IT IS TO BE SEEN WHETHER THE GOVERNMENT WILL LEVY THE CAPITAL GAINS TAX AS PROPOSED IN THE MINORITY STAKE SELLING.

INDIA’S FIRST INTER-PLANETARY SATELLITE,MANGALYAAN HAS BEEN SUCCESSFULLY LAUNCHED AT 1438HRS ON
TODAY,THE 5TH NOVEMBER,2013 FROM ISRO’S SRIHARIKOTA STATION IN ANDHRA PRADESH.
THIS IS INDIA’S FIRST ORBITER TO MARS AND IF THE PROJECT SUCCEDES INDIA WOULD BE THE 4TH
COUNTRY TO COMPLETE A MARS MISSION.
THERE ARE 5 INSTRUMENTS ABROAD THE ORBITER TO CONDUCT SCIENTIFIC EXPERIMENTS TO STUDY THE MARS.
THE ORBITER WILL CHECK WHETHER LIFE IS PRESENT IN MARS.
THE ORBITER IS EXPECTED TO ENTER MARS ORBIT BY SEPTEMBER,2014.
AIBDPA’S HEARTY CONGRTULATIONS TO ALL THE SCIENTISTS OF ISRO INVOLVED IN THE MISSION.

The Joint Parliamentery Committee report on the infamous 2G spectrum Scam has been submitted to the Speaker of the Loksabha,Ms.Meira Kumar On 29th October2013.
The report allegedly prepared by the Chairman of JPC,Shri.P.C.Chacko unilateraly and rather arbitrarily with the sole motive of absolving the Prime Minister and the Finance Minister of the serious charges of colluding with the then Communications Minister A.Raja in the 1.86 lakh crore scam,was stoutly opposed by the opposition members in the JPC.
This has necesaciated the opposition members to submit their dissent notes and thus seven dissent notes were submitted by BJP,CPI(M),CPI,DMK,AIADMK,BJD and Trinamool Congress.
The credibility of the Joint Parliamentary Committee report is badly affected.