Friday, March 4, 2011
The very aim of instituting CGHS is defeated:
Dear Comrades,
On 25th February, we have posted an article titled “80% CGHS drugs bought locally” in this website which you might have viewed.
Having gone through the said posting Dr. M.A.Padmanabha Rao, Ph. D (AIIMS), (CGHS card P 015551, BEN ID: 878426), former Professor of Medical physics (raomap@yahoo.com) has the following reactions. As a matter of special thanks to Dr. M A Padmanabha Rao, we would like to publish his comment as follows for information of all viewers.
CGHS – A HELL FOR THE NEEDY AND SICK PATIENTS
“Not only the question of drugs, as such the very aim of instituting CGHS is defeated at Delhi, particularly in Vikaspuri Branch and CGHS North Zone. Nursing and laboratory facilities are not available. Receipts are not given. The appointments in Geriatric Clinic (Medical) are given after two months. One clerk in Vikaspuri Branch attends office at will. No file moves normally. Patients are being harassed. Medical claims are being delayed for years or rejected on false grounds. One claim was paid after 2 yrs. Another claim for admission as emergency at Artemis Hospital, Gurgaon on 31 August 2009 for surgical intervention of Gall stone acute pancreatitis was rejected twice by CGHS North Zone office (Ref. 2892/10/CGHS/NZ/3/11/10, without seeking experts opinion. Doctors were rude in talking, when I submitted the file second time on 3/11/10 in CGHS (NZ). Additional Director told me Gall stone pancreatitis do not require emergency operation, while literature says it is life threatening and needs emergency treatment. He made the remark without seeing the condition of the patient! He also blamed the surgeon for operating the patient. He asked me to go to court for the claim, without going through the file. They say they refer such cases to surgical specialists, but their remarks are kept confidential. When literature says, it is life threatening condition and needs emergency treatment why should they refer the file to surgical specialists and reject it on false grounds. Ministry of Health should immediately improve the situation of these CGHS centers.”
By M.A.Padmanabha Rao, PhD (AIIMS),
(CGHS card P 015551, BEN ID: 878426)
Former Professor of Medical physics, raomap@yahoo.com
Thursday, March 3, 2011
Proposal to Amend RTI
The Central Government has received some suggestions/communications suggesting amendments to the Right to Information Act. These include enlargement of the scope of exemptions from disclosure of information, rejection of vexatious and frivolous requests etc. It has, however, been decided that amendment to the Act, if any, shall be made after discussion with various stakeholders.
This information was given by the Minister of State in the Ministry of Personnel, Public Grievances and Pensions Shri V.Narayanasamy in written reply to a question in the Rajya Sabha today.
This information was given by the Minister of State in the Ministry of Personnel, Public Grievances and Pensions Shri V.Narayanasamy in written reply to a question in the Rajya Sabha today.
PIB release, March 3, 2011
INDIA POST 2012, IT MODERNIZATION PROJECT, PMU (DOP) NEWS LETTER FEBRUARY: 2011
Dear Comrades,
India Post 2012, a visionery document has been published by the Project Management Unit of the Postal Directorate.To view the complete document, please click on : http://www.indiapost.gov.in/Pdf/IndiaPost2012_PMU_newsletter_feb2011.pdf
International issues on labour and unemployment:
Rising Wages ‘Not Enough’ to Help Poor and Aging Thailand
Coconut juice has doubled in price. Egg prices are up 50 percent at 90 baht ($2.95) a dozen. Doubtful her income can keep pace, she bristles when pressed about her future. “I expect to work the rest of my life,” the mother of five said from her makeshift stall with its corrugated iron roof and bamboo stools, where she sells rice porridge and noodles.
For the past decade, Thailand’s minimum wage has trailed inflation, creating one of the widest gaps between rich and poor in Asia according to the World Bank, and fueling working-class frustrations that erupted into violent street protests last year.
But Thailand’s wages are creeping up, supported by an average 6.4 percent minimum-wage increase this year, rising agricultural prices that have helped farmers, a shortage of skilled workers and a planned increase in civil-servant salaries from April.
While higher incomes could boost Prime Minister Abhisit Vejjajiva’s chances at the polls this year and prod consumer spending, they raise questions over whether Thailand’s economy, Southeast Asia’s second-biggest, can keep its cost advantage over Asian rivals — from China to Malaysia and India.
They also highlight another troubling question facing the Thailand government and millions of workers like Lumyai: will Thailand grow old before it grows rich, as its population of 67 million people ages at one of the fastest rates in Asia?
“What I worry about is our labor market,” said Atchana Waiquamdee, deputy governor of the Bank of Thailand.
“We may not be able to compete with the low-wage countries emerging every day such as Vietnam. But we need more of a middle class, otherwise we cannot avoid social problems and the struggle between the lower- and high-income classes.”
Atchana said Thailand would pursue a two-tier approach to wages, keeping pay low for unskilled laborers — a pool buttressed by millions of migrants from neighboring Burma — while lifting skilled wages. “We do not have enough semi-skilled and skilled labor,” Atchana said.
“I think we are going to see higher wages for these two types of labor, although the growth rate in the minimum wage may not be as high because of the supply of unskilled labor.”
While unskilled workers may struggle to keep pace with living costs, those with slightly better resumes — mechanics, assembly-line workers — are in a strong position to bargain.
Unemployment is low at just 1.2 percent. Thailand, a base for automakers including General Motors, saw a shortage of as many as 100,000 manufacturing workers last year, the World Bank said.
A rise in wages complicates Thailand’s efforts to reverse a decline in foreign direct investment applications, which fell 33 percent to $7.7 billion last year as protesters occupied Bangkok’s streets.
Flows into neighboring Malaysia more than tripled, also threatening Thailand’s cost advantage. An average factory worker in Thailand earned $263 per month, cheaper than India’s $269 or Malaysia’s $298 and China’s $303, according to a 2010 survey by the Japan External Trade Organization.
Manufacturers have plenty of options, including, increasingly, Vietnam, where the average factory wage is less than half of Thailand’s at $107. Factory wages in the Philippines and Indonesia are also below those of Thailand.
Powerful forces are at work that could support wages for some time — from pressure to allay a potentially violent anti-government “red shirt” protest movement drawn from the rural and urban poor to Thailand’s aging workforce.
Thailand’s 46-year-old prime minister is aggressively courting low-income voters, whose frustrations helped fuel red-shirt protests last year in which 91 people were killed.
The richest 20 percent of Thailand’s population earn about 55 percent of the income while the poorest fifth get 4 percent, among Asia’s widest income disparities, according to the World Bank.
Abhisit, facing a close election expected mid-year, said this week he would raise the daily minimum wage by 25 percent over the next two years if his Democrat Party was elected, a break from the past when wages barely kept pace with inflation.
According to Thailand’s Labor Ministry, there were only two years in the past decade when the increase in minimum wage exceeded inflation: in 2001 when inflation was 1.6 percent and the increase was 2.2 percent and 2007 when inflation was 2.3 percent and the wage rose 3.1 percent.
To win over red-shirt supporters, Abhisit, an Oxford University-educated economist, has announced a slate of populist economic policies — from subsidized oil prices via a state oil fund to more financial support for the elderly, an expansion of social security and more low-cost loans for the poor.
Similar measures helped the party of his rival, former premier Thaksin Shinawatra, win enough support in the vote-rich north and northeast of the country to become the first in Thailand’s history to survive a full term and then get re-elected.
Thaksin, an ethnic-Chinese telecoms tycoon was later removed in a 2006 coup and convicted in absentia of corruption. He now lives abroad to avoid jail.
But politics are not the only factor driving wage inflation.
Bank of America Merrill Lynch economists say Thailand is at risk of becoming old before it gets rich, based on projections of per capita wealth and how fast the population is aging. That puts intense pressure on Thailand’s policy makers to accelerate efforts to expand the middle class. Thailand has very little in the way of formal safety nets such as retirement pensions.
The government’s 500 baht ($16) monthly stipend for the elderly, unveiled last year, is seen as far too little. Per capita income in Thailand was $8,232 in 2008 on a purchasing power parity basis, the Bank of America economists said. By 2015, that is expected to reach $11,399 — well short of Singapore’s $67,061, Hong Kong’s $57,963 and Taiwan’s $24,759.
By 2030, Thailand, Vietnam, Malaysia, Indonesia, China and the Philippines will still not be in Asia’s rich club of nations.
But Thailand and China are the only two that will be both poor and old, the economists said. Other data reinforce that view.
Gains in health services and contraception have pushed Thailand’s fertility rate from a peak of 6.8 percent in 1965 to 1.8 percent — below replacement level.
Thais aged 65 or older are expected to nearly triple by 2050, the Asian Development Bank said.
But as the population ages, a Social Security Fund that provides benefits for members such as sick pay and pensions may even run dry within 40 years, according to Bank of Thailand’s Monetary Policy Strategy Division.
“The pension money is not enough for Thai people,” said economist Nuchjarin Panarode from Capital Nomura Securities.
Bangkok. Earning $6 a day from her food stall outside her home next to a railway track, Lumyai Rungruang is sceptical of news that Thailand’s wages are rising. The 54-year-old is too busy contending with spiraling inflation.
A woman living in an impoverished area of Bangkok. While wages in Thailand are on the rise, they continue to tail inflation, creating one of the widest gaps between rich and poor in Asia. Thailand’s aging population adds to concerns the country will become ‘both old and poor.’ (Reuters/Damir Sagolj)
Coconut juice has doubled in price. Egg prices are up 50 percent at 90 baht ($2.95) a dozen. Doubtful her income can keep pace, she bristles when pressed about her future. “I expect to work the rest of my life,” the mother of five said from her makeshift stall with its corrugated iron roof and bamboo stools, where she sells rice porridge and noodles.
For the past decade, Thailand’s minimum wage has trailed inflation, creating one of the widest gaps between rich and poor in Asia according to the World Bank, and fueling working-class frustrations that erupted into violent street protests last year.
But Thailand’s wages are creeping up, supported by an average 6.4 percent minimum-wage increase this year, rising agricultural prices that have helped farmers, a shortage of skilled workers and a planned increase in civil-servant salaries from April.
While higher incomes could boost Prime Minister Abhisit Vejjajiva’s chances at the polls this year and prod consumer spending, they raise questions over whether Thailand’s economy, Southeast Asia’s second-biggest, can keep its cost advantage over Asian rivals — from China to Malaysia and India.
They also highlight another troubling question facing the Thailand government and millions of workers like Lumyai: will Thailand grow old before it grows rich, as its population of 67 million people ages at one of the fastest rates in Asia?
“What I worry about is our labor market,” said Atchana Waiquamdee, deputy governor of the Bank of Thailand.
“We may not be able to compete with the low-wage countries emerging every day such as Vietnam. But we need more of a middle class, otherwise we cannot avoid social problems and the struggle between the lower- and high-income classes.”
Atchana said Thailand would pursue a two-tier approach to wages, keeping pay low for unskilled laborers — a pool buttressed by millions of migrants from neighboring Burma — while lifting skilled wages. “We do not have enough semi-skilled and skilled labor,” Atchana said.
“I think we are going to see higher wages for these two types of labor, although the growth rate in the minimum wage may not be as high because of the supply of unskilled labor.”
While unskilled workers may struggle to keep pace with living costs, those with slightly better resumes — mechanics, assembly-line workers — are in a strong position to bargain.
Unemployment is low at just 1.2 percent. Thailand, a base for automakers including General Motors, saw a shortage of as many as 100,000 manufacturing workers last year, the World Bank said.
A rise in wages complicates Thailand’s efforts to reverse a decline in foreign direct investment applications, which fell 33 percent to $7.7 billion last year as protesters occupied Bangkok’s streets.
Flows into neighboring Malaysia more than tripled, also threatening Thailand’s cost advantage. An average factory worker in Thailand earned $263 per month, cheaper than India’s $269 or Malaysia’s $298 and China’s $303, according to a 2010 survey by the Japan External Trade Organization.
Manufacturers have plenty of options, including, increasingly, Vietnam, where the average factory wage is less than half of Thailand’s at $107. Factory wages in the Philippines and Indonesia are also below those of Thailand.
Powerful forces are at work that could support wages for some time — from pressure to allay a potentially violent anti-government “red shirt” protest movement drawn from the rural and urban poor to Thailand’s aging workforce.
Thailand’s 46-year-old prime minister is aggressively courting low-income voters, whose frustrations helped fuel red-shirt protests last year in which 91 people were killed.
The richest 20 percent of Thailand’s population earn about 55 percent of the income while the poorest fifth get 4 percent, among Asia’s widest income disparities, according to the World Bank.
Abhisit, facing a close election expected mid-year, said this week he would raise the daily minimum wage by 25 percent over the next two years if his Democrat Party was elected, a break from the past when wages barely kept pace with inflation.
According to Thailand’s Labor Ministry, there were only two years in the past decade when the increase in minimum wage exceeded inflation: in 2001 when inflation was 1.6 percent and the increase was 2.2 percent and 2007 when inflation was 2.3 percent and the wage rose 3.1 percent.
To win over red-shirt supporters, Abhisit, an Oxford University-educated economist, has announced a slate of populist economic policies — from subsidized oil prices via a state oil fund to more financial support for the elderly, an expansion of social security and more low-cost loans for the poor.
Similar measures helped the party of his rival, former premier Thaksin Shinawatra, win enough support in the vote-rich north and northeast of the country to become the first in Thailand’s history to survive a full term and then get re-elected.
Thaksin, an ethnic-Chinese telecoms tycoon was later removed in a 2006 coup and convicted in absentia of corruption. He now lives abroad to avoid jail.
But politics are not the only factor driving wage inflation.
Bank of America Merrill Lynch economists say Thailand is at risk of becoming old before it gets rich, based on projections of per capita wealth and how fast the population is aging. That puts intense pressure on Thailand’s policy makers to accelerate efforts to expand the middle class. Thailand has very little in the way of formal safety nets such as retirement pensions.
The government’s 500 baht ($16) monthly stipend for the elderly, unveiled last year, is seen as far too little. Per capita income in Thailand was $8,232 in 2008 on a purchasing power parity basis, the Bank of America economists said. By 2015, that is expected to reach $11,399 — well short of Singapore’s $67,061, Hong Kong’s $57,963 and Taiwan’s $24,759.
By 2030, Thailand, Vietnam, Malaysia, Indonesia, China and the Philippines will still not be in Asia’s rich club of nations.
But Thailand and China are the only two that will be both poor and old, the economists said. Other data reinforce that view.
Gains in health services and contraception have pushed Thailand’s fertility rate from a peak of 6.8 percent in 1965 to 1.8 percent — below replacement level.
Thais aged 65 or older are expected to nearly triple by 2050, the Asian Development Bank said.
But as the population ages, a Social Security Fund that provides benefits for members such as sick pay and pensions may even run dry within 40 years, according to Bank of Thailand’s Monetary Policy Strategy Division.
“The pension money is not enough for Thai people,” said economist Nuchjarin Panarode from Capital Nomura Securities.
Reuters
Filling up of Posts in Branch Post offices - review of guidelines regarding
Courtesy: ipasporisa.blogspot.com
Time-Limit for Disciplinary Action Against Govt. Servants
The Government had appointed a three member Committee of Experts to examine and suggest measures to expedite the process involved in Disciplinary/Vigilance Proceedings. In its Report, the Committee has recommended that a time limit of two months may be prescribed for completion of minor penalty disciplinary inquiries and 12 months for major penalty disciplinary inquiries. The report of the Committee is under examination. As part of preventive measures for checking corruption, it is imperative that Disciplinary Proceedings are completed in time, and delinquent officers are punished.
The matter related to amendment to the Article 311 of the constitution to remove the protection shield of Government servants is being examined by a Group of Ministers.
This information was given by the Minister of State in the Ministry of Personnel, Public Grievances and Pensions Shri V.Narayanasamy in written reply to a question in the Rajya Sabha today.
The matter related to amendment to the Article 311 of the constitution to remove the protection shield of Government servants is being examined by a Group of Ministers.
This information was given by the Minister of State in the Ministry of Personnel, Public Grievances and Pensions Shri V.Narayanasamy in written reply to a question in the Rajya Sabha today.
PIB Press Release, March 3, 2011
DoPT Order: Overstay while on deputation
No. 61812009-Esa (Pay-11)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
Dated the 1'' March, 2011
OFFICE MEMORANDUM
Subject: Overstay while on deputation.
Undersigned is directed to refer to this Departments OM of even number dated the 17" June, 2010 and to say that as per existing instructions no extension in deputation beyond the fifth year is allowed. Further, as per the OM No. 1401713012006-Estt (RR) dated the 29lh November, 2006, the deputationist officer is deemed to have been relieved on the date of expiry of the deputation period unless the competent authority has with requisite approvals, extended the period of deputation, in writing, prior to the date of its expiry. It is observed that despite these clear instructions, proposals for regularization of overstay of officers on deputation beyond the five year period continue to be received in the Department. It is reiterated that it will be the responsibility of the immediate superior officer to ensure that the deputationist does not overstay. In the event of the officer overstaying for any reason whatsoever, he/she is liable to disciplinary action and other adverse Civil/Service consequences which would include the period of unauthorized overstay not being counted for service for the purpose of pension and that any increment due during the period of unauthorized overstay being deferred with cumulative effect, till the date on which the officer rejoins his parent cadre.
2. All Ministries/Departments may please note that henceforth no ex-post facto approval for regularization of overstay on deputation would be allowed.
Sd/-
( Mukesh Chaturvedi)
Deputy Secretary to the Government of India
Wednesday, March 2, 2011
Postal department not happy to sell policies of other insurance companies
Insurance Regulatory and Development Authority’s (IRDA), in October last year, allowed each circle if department of post (DOP) to act as a corporate agent to sell insurance. India post’s life insurance wing however, is not happy to sell insurance products of other insurance companies as they have their own life cover schemes.
IRDA, in October permitted each circle of India Post to act as a separate unit. Each circle could tie-up with 2 life insurance and 2 non-life insurance companies, 1 health insurance and 1 agricultural insurance company.
An official from the postal life insurance department said that they have their own insurance scheme and the largest network and there is no reason why they should be selling policies of any other insurance company.
For nearly a century and half the Indian Postal System has been the main component of the communication infrastructure for the country. They have a huge database and a wide network.
According to IRDA, some private insurance companies have difficulties in expanding their distribution networks and the move to include DOP would have worked in the larger interests of India’s financial inclusion objective of the government.
Private insurance companies have been looking forward to selling their policies through India Post. Discussions are still underway and insurance companies are still hopeful that a deal may work out.
Source: myinsuranceclub.com, March 1, 2011
Upcoming financial legislative initiatives
New Delhi, March 1 (IANS) With an eye to growth through economic reforms, the government hopes to introduce at least seven financial legislations that found mention in Finance Minister Pranab Mukherjee's budget speech. Following is a brief description and current status of these bills:
* The Insurance Laws (Amendment) Bill, 2008: Currently, the percentage of foreign holding in insurance companies is capped at 26 percent. This bill raises this limit to 49 percent. It allows for nationalised general insurance companies to raise funds from the capital markets and allows entry of foreign re-insurers.
In addition, the bill permits the policyholder to name the beneficiary, while allowing an insurer to decline such a transfer.
The bill was introduced in the Rajya Sabha in December 2008 and was referred to the Standing Committee on Finance in September 2009. The committee is yet to submit its report.
* Life Insurance Corporation (Amendment) Bill, 2009: It amends the LIC Act, 1956 and proposes an increase in the paid up equity capital of LIC to Rs.100 crore from Rs.5 crore so that it meets the capital requirements as specified by the Insurance Regulatory and Development Authority (IRDA).
Currently, the LIC Act provides for the central government to guarantee the entire amount assured by life insurance policies.
The bill permits the central government to determine the extent of the guarantee. It was introduced in the Lok Sabha in July 2009 and was referred to the Standing Committee on Finance, which submitted its report in March 2010.
* The revised Pension Fund Regulatory and Development Authority Bill: It was first introduced in 2005. The authority was established in 2003 through an executive order but the bill makes it a statutory body.
It establishes an authority to develop and regulate the new pension system (NPS), which provides old age income security for all individuals, including those in the unorganised sector and has been operationalised for new central government employees through a notification.
It lapsed with the dissolution of the 14th Lok Sabha. The original bill had been examined by the Committee on Finance, which had submitted its report in July 2005.
* Banking Laws Amendment Bill, 2011: This bill seeks to address the capital raising capacity of banks and strengthen the regulatory powers of the Reserve Bank of India. It has been listed for introduction in the budget Session 2011.
* Bill on Factoring and Assignment of Receivables: The bill will create a separate legal framework for provisions of factoring services in the country in order to facilitate increased credit access to the industry. It will also provide for receivable management. This bill has been listed for introduction in the budget session.
* The State Bank of India (Subsidiary Banks Laws) Amendment Bill, 2009: It seeks to amend the State Bank of Hyderabad Act, 1956 and the State Bank of India (Subsidiary Banks) Act, 1959. It seeks to amend the acts to reflect the transfer of ownership of the State Bank from the Reserve Bank to the central government. The bill lapsed with the dissolution of the 14th Lok Sabha.
* Bills to amend RDBFI Act 1993 and SARFAESI Act 2002: These two bills seek to strengthen recovery mechanisms available to secured creditors. An additional objective would be to strengthen the securitisation and asset reconstruction market in the country. They are listed for introduction in the budget session.
Other legislation that also found mention in Finance Minister Pranab Mukherjee's budget speech include the Companies Bill, 2009, Direct Taxes Code, 2010 and GST.
* The Companies Bill, 2009 seeks to replace the Companies Act 1956 to change the regulations governing corporate structures and redefine corporate relationships.
The Companies Bill, 2008 was drafted along the same lines but lapsed with the dissolution of the 14th Lok Sabha.
It provides for a single legal framework to comprehensively integrate principles of corporate governance and harmonise the company law framework.
It was introduced in August 2009 and referred to the Standing Committee on Finance, which submitted its report in August 2010. The finance minister indicated that the proposed bill will be introduced in the Lok Sabha in the budget session.
* Direct Taxes Code, 2010: This bill replaces the Income Tax Act, 1961, and seeks to create a new direct taxes framework. The code changes the current income tax slabs for individuals and corporate entities.
The bill was introduced in the Lok Sabha in August 2009. The Standing Committee on Finance examined the bill and is likely to table its report in the budget session.
* GST: The bill will introduce a goods and services tax to be applicable in all states across the country. This will be done through an amendment to the constitution.
(Source: PRS Legislative Research, Centre for Policy Research)
Tuesday, March 1, 2011
Norms for various work in PLI/RPLI
P L I Directorate D.O.29-9/2008-LI , Dated the 24th February, 2011.
Dear Chief Postmaster General,
This is regarding norms for various works in PLI/RPLI. I am directed to intimate that the norms for various works in PLI/RPLI have been revised keeping in view the industry standards and various regulations of statutory authorities.
These norms are as below:
Sl. No. | Particulars | Number of days |
1. | Issue of Acceptance letter | 15 |
2. | Issue of policy Bonds | 15 |
3. | Inter Circle transfer of policies | 10 |
4. | Settlement of claims on maturity | 30 |
5. | Settlement of Claims on Death with Nomination | 30 |
6. | Settlement of death claim involving investigation | 90 |
7. | Payment of paid up value | 30 |
8. | Loan for policies | 10 |
9. | Change of address | 10 |
10. | Change of Nomination | 10 |
11. | Assignment | 10 |
12. | Issue of duplicate policy document | 10 |
13. | Revival of policy | 15 |
14. | Conversion of policy | 15 |
It is requested that these norms be given wide publicity amongst the staff as well as customers so that services are provided in a time bound manner.
With regards.
Yours sincerely,
(A.K. Poddar)
CONFEDERATION: PRESS STATEMENT DATED 28.02.2011
The Union budget 2011 presented by the Finance Minister today in the Parliament must be very disappointing for the common man for there is no proposal to combat the ever increasing inflation in the economy. The subsidies all on fuel, fertiliser and food has been reduced by all most 20,000 crores compared to what was provided in the last fiscal. While there is a reduction of Rs 11500 crores in Direct Taxes the resource mobilization has been made through an increase of a similar amount in indirect taxes the objective seems to be to rob the poor to pay the rich. 5 lakh crores of rupees is stated to be the revenue foregone in 2010-11 of which a whopping sum of Rs. 88000 crores is the concessions given to the Corporate Sector. The budget provision for agriculture development is also less than what it was earlier, indicative of an insensitiveness to the agonies of people below the poverty line.
The expectation of the middle class that the personal income taxation limit will be raised to Rs. 2 lakhs has been belied. The meager increase of Rs. 20,000 would not even be sufficient to maintain the real value level of non taxable limit of 2010-11.The announcement on direct tax concession is followed by the statement of an increased outsourcing of the Governmental functions to private corporate houses like Infosys. The eulogy for the CPC set up by the I.T. Department at Bangalore in the Budget speech of the Finance Minister is designed to seek the approval of the house for such vehicles out outsourcing elsewhere in the country. The Finance Minister has also announced that further financial sector reforms is also on the anvil. Therefore, contrary to the comments made by certain sections of the media this budget is right on the track of reforms enunciated by the Dr. Manmohan Singh two decades ago.
Since the huge demonstration and rally of workers traversed through the streets of Delhi on 23rd Feb. 2011 has not created any impact on the thinking of this Government, as is evidenced by this budget it is incumbent upon the trade union movement to strengthen its opposition towards the neo liberal economic policies by waging sustained and united struggles.
KKN Kutty
Secretary General
Subscribe to:
Posts (Atom)