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Sonia Gandhi and Robert Vadra excel in amassing wealth

Sonia Gandhi,Congress President and Chairperson of UPA is the 4th richest person in the world according to Bssiness Insider,an American journal. Her son in law Robert Vadras assets is repoted to have increased by 600 times in the last five years.Arvind Kejriwals revelations in this regard point to misuse of political influence.

TamilNadu Circle Conference at Erode

The 2nd Circle Conference of AIBDPA,Tamil Nadu is sheduled to be held on 14th October 2012 at the historical city ERODE.Coms.V A N Namboodiri,President BSNLEU and Advisor AIBDPA, K G Jayaraj,General Secretary,S.Chellappa,Circle Secretary BSNLEU etc will participate.

Hugo Chavez wins in Venezula.

President Hugo Chavez has been reelected a record 4th consecutive time in Venezula securing 55% of votes in the election to the President.With this he can continue in power upto 2019 and proceed with his anti- imperialist policies and more welfare measures for the common people.

Protest Day against FDI in pension sector on 8th Oct

The call of AIBDPA CHQ to observe Protest Day on 8th October has been successfully implemented through out the country.Com.K.G.Jayaraj,General Secretary addressed a well attended rally organised by the Alappuzha District Unit at the GMT office, Alappuzha.Com.N.Guruprasad, District Secretary welcomed. BSNLEU also joined in most of the places.

Protest Day on 08-10-2012

Central Cabinet on Thursday have decided to allow FDI in pension sector also and to raise the FDI cap in insrance sector to 49% from the present 26%.It is dangerous and damaging to gamble with the pension fund.AIBDPA strongly condemn the decision and calls upon all its units to conduct protest demonstration on Monday,8th October 2012.

Yes,it is a double blow

The oil companies have hiked the price of LPG upto Rs.127 per cylinder on Monday for the non subsidised cooking gas and the total price will go upto Rs.942.The companies have also stated that the prices are subjected to revision on a monthly basis.The govt on Sep 14 has imposed a cap of six cylinders to each house hold in a calender year.

Eric J Hobsbawn passes away

One of the most influential Marxist historians of the contemporary age,Eric J Hobsbawn breathed his last on 1st October 2012 in Hampstead in England.He was 95 and is respected world over as the great and encyclopaedic scholar in humanities and social sciences.

12th Foundation Day of BSNL

Today,October 1 is the 12th Foundation Day of BSNL.Let us strive hard to stregthen BSNL and renew and reaffirm our pledge to protect BSNL by resisting the nefarious game of the UPA government to dismantle it.

Auctions are dead, long live auctions

No matter how the Manmohan Singh government spins the 2G Presidential Reference judgment, the principle at stake in the Supreme Court’s hearing on the allocation of natural resources was not the method of allotment but the need for transparency and fair play. Air and water, for example, are natural resources that no sane person would suggest allocating via an auction. But in the case of 2G spectrum and coal, the allocations made were arbitrary and often mala fide. The government gave the resources away knowing full well there was a better way of allocating them. Aiming to keep call and power prices low was an afterthought, a “policy” invoked to justify caprice. Senior Ministers are now hailing the court’s acknowledgment that the government has the right to allocate natural resources and that auctions, though preferred, are not mandatory. But even as they toast their “victory,” government managers ought to realise what the court has handed them is a poisoned chalice. Indeed, its opinion has placed new riders that will make it harder for discretionary powers to be abused. From now on, the state’s actions have to “be fair, reasonable, non-discriminatory, transparent, non-capricious, unbiased, without favouritism or nepotism, in pursuit of promotion of healthy competition and equitable treatment. It should conform to the norms which are rational, informed with reasons and guided by public interest, etc. All these principles are inherent in the fundamental conception of Article 14,” the judgment says, invoking the constitutional guarantee of equality.

This language makes it virtually impossible for the government to resort to any arbitrary process of allocating scarce, valuable resources, since methods like first-come-first-served, lotteries and beauty parades cannot even begin to pass the new tests. In essence, then, the government can have any process for allocation it wants, so long as it’s an auction. The order’s carefully worded tests on allocation allow an aggrieved party to approach the courts to get an unfair or capricious allocation set aside, even those involving auctions. After all, auctions too can be compromised, as some of the privatisation deals struck by the former National Democratic Alliance government most likely were. While the court said policymaking is the government’s domain, it added “the implementation of policy will be tested and interfered with when found wanting”. The government can celebrate all it wants, but the court’s opinion in no way diminishes the scam taint from 2G and coal. If anything, the court has dealt a blow to crony capitalism by making the process for future allocations far stricter.

Source: The Hindu