Author Archives: admin

More support to Ecuador on Assange

Organisation of American States declared solidarity and support on Friday for Ecuador in its dispute with Britian over granting asylum to Wiki Leaks founder Julian Assange. The 34 member regional body rejected any attempt that might put at risk the inviolability of the permises of diplomatic missions

Chidambaram for early disinvestment

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 !!

Bank strike virtually paralysed banking services

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.

Central Minister Happy over price rise

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

Scams rocks the country

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

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

GDP 5.5%

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