The government is getting high dividends, taxes etc from these PSUs. Now the government wants to cut them for the benefit of the private companies. The present position will also result in better customer service since private companies are only interested in profit-making and not in social security to the customers.
The central/ state government employees, PSU employees and other workers who are drawing pension have been continuously fighting against the anti-worker PFRDA Bill, which has reduced the statutory pension to contributory pension. Instead of getting half the salary as pension, the New Pension Scheme (NPS) and Employees Pension Scheme (EPS) implemented for the Central/ state government employees and PSU employees respectively have reduced pension to a pittance of even less than Rs.1000 for the majority of the retirees. The Parliament march organized in last November had shown the anger of the workers against the PFRDA and their determination to fight it.
The UPA II government could not pass both the Insurance Bill and PFRDA Bill in the parliament so far. But now the cabinet has taken the decision while the parliament is not in session. This is completely against the democratic process. The workers and the people have to organize and fight and defeat these anti-people measures.
(About the Contributor: V.A.N. Namboodiri is President of the BSNL Employees Union, the recognised union in the telecom PSU. He is the President of BSNL Casual and Contract Workers Federation and also the convener of Joint Action Committee of BSNL Unions /Associations of Non-Executives and Executives)