Union Finance Minister P Chidambaram has asked officials to expedite disinvestment process of PSUs to help the govt to achieve the target of Rs.30000Cr in the current fiscal. Raising adequate funds from disinvestment was necessary to keep in check the fiscal deficit.
What an easy method !!
Two days bank strike started on 22nd August by United Forum of Bank Unions is total and virtually paralysed banking services through out the country. The strike is against the proposed Banking Laws(Amendment) Bill which will result in denationalisation of public sector banks. AIBDPA congratulates and salutes the entire bank employees and officers for their heroic struggle.
Kerala State govt employees Strike against implementation of contributory pension scheme on 21st August is big success. AIBDPA Kerala Circle organised protest rallies at district level in solidarity of the strike.
After Chidambaram, it is now the turn ok Beni Prasad Verma to make such provocative statement. He says price rise will benefit farmers which is far from ground realities. It clearly shows, these ministers sitting in glass chambers are least bothered about the miseries of the common people
Cartoon: The Hindu
CAG report presented in parliament on Friday reveals that the country lost Rs.1.86 lakh crores in coalmines allotment to big private companies. It is the biggest scam and the deal was effected ignoring the guidelines of power secretary and law department when Prime Minister was in charge of the coal ministry. Corruption has become the order of UPA regime
Maruti Suzuki retrenches 1000 workers, Chairman of Maruti Suzuki has stated that 500 regular and 500 contract wokers are terminated for thier alleged paerticipation in the “violence” in Manesar unit on 18th July in which a manager was killed. 114 workers including 10 office bearers of the union have already been arrested. The intension is very clear to ban TU rights of the workers
Moodys another global financial services firm lowers Indias growth forecast to 5.5 percent. In yet another projection scale down, Moodys has revised its estimates on Indian economic growth lower at 5.5% during 2012
Kerala state govt employees strike against implementation of Contributory Pension Scheme postponed to 21st August to ensure participation of unions with allegence to ruling combine. Now it will be a complete strike with all unions of gazetted officers and PSUs also joining the strike.
Central govt seeks another extension on 2G auction till November 12. Centre has moved the Supreme Court seeking extension for commencing auction to allocate 2G spectrum licences. The supreme court while quashing 122 licences in February gave the govt 4 months time for conducting a fresh auction. On April 20, this time limit was extended to August 31.
Decision of Congress led UDF govt of Kerala to implement Contributary Pension Scheme has prompted wide spread protest. The entire state govt employees will go for one day Strike on 17th August. The LDF govt which was in power during 2006-2011 was completely against CPS. AIBDPA strongly deplores the decision, demands withdrawal of CPS.