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Tuesday, December 23, 2008

LTC norms relaxed for Central Government employees to visit North Eastern region of India

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Central Government has relaxed Leave Travel Concession (LTC) Rules

In a major decision to boost tourism in the scenic north eastern region, the Centre has relaxed Leave Travel Concession (LTC) Rules for its employees permitting them to travel by air.The new rules will apply to employees irrespective of their grade or post and the order will be in operation for two years, sources in the Ministry of Personnel today said.
Under the revised rules, Group A and B Central Government employees will be entitled to travel by air from their place of posting or nearest airport to a city in the north eastern region.
Employees belonging to other categories will be entitled to travel by air to a city in the north eastern region from Guwahati or Kolkata.All Central Government servants would be allowed conversion of one block of Home Town LTC into LTC for destinations in the north eastern region, the order said.
The Ministry said that data regarding the number of employees availing LTC to the north eastern region would be maintained.The decision will enable government servants in the junior grades to visit the northeastern region, which used to remain a distant dream for them because of high air travel costs and absence of official entitlement.
The north eastern region comprises Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura, and also Sikkim -- all having rich tourism potential.
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LIC Employees strike call on Dec-23 against introduction of FDI hike bill in the Parliament

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All India LIC Employees' Federations announced strike":
All India LIC Employees' Federations have given a day strike call on December 23 against introduction of FDI hike bill in the Parliament to raise the limit from 26 percent to 49 percent of share holding in Insurance Companies.
Allowing hike "FDI limit to 49 percent in Insurance Companies at the critical juncture will be like inviting" devil for a dinner or pushing vessel into the rough sea weather when Tsunami waves already have started roaring, P.Mahesh, General Secretary, South Central Zonal Council of All India LIC Employees Federation said in a release here on Monday.
FDI is being advocated with the primary objective of enlarging non debt creating foreign capital inflows. Further technology acquisition and market access appear to be secondary objective.
The most important need under today's conditions is to create substantially, reduce volatility and ensure smooth undisturbed growth. None of these is likely to be achieved by allowing higher cap in FDI.
FDI proposed by government has more characteristics of foreign portfolio investment and is therefore is likely to be more volatile and vulnerable, release said.
The global economic recession in developed countries and its reflection in Indian economy due to the neo liberal economic policies pursued by the successive Govts in India during the last one and half decade forced the Govt. to stimulate selected sectors of industry.
However it seems to have not learnt its lesion. In spite of the bankruptcy and closure of the so-called world financial institutions and Insurance giants, the Govt. of India is bent upon in its pursuit of further liberalizing the economy and privatizing the assiduously built public sector organizations like LIC.
The Govt. is introducing the bill to amend LIC Act (to increase equity from 5Crores to !00 Cr.) in Lok Sabha on Monday 22.12.2008. Another Bill to raise money from Market (disinvestment) is to be introduced in Raja Sabha on the same day to allow public Sector Insurance Companies to raise money from market. Unions in LIC and General Insurance Companies are preparing for a one day protest Strike on the next day i.e. 23rd December, 2008.
The State COCs and all affiliated organizations are therefore requested to organize solidarity protest a demonstration on that day. The COCs may chalk out and organize programmes on 23.12.2008 alongwith the Unions in the Banking sector, as we have been informed that BEFI has also conveyed similar decision to all its units..



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