CIL unions on 'work-to-rule' against stake sale

Central trade unions have reiterated their demand to return back the coal blocks to the company

Press Trust of India New Delhi
Last Updated : Sep 03 2014 | 5:59 PM IST
Five major trade bodies of CIL today served a joint two-day 'work-to-rule' ultimatum on the coal major seeking retrieval of mines from private companies, and to protest any further disinvestment in it.

"Recently the Supreme Court has decided allocation of coal blocks to the private as well as state/central public sectors since 1993 as illegal. Five CTUs had been consistently demanding to stop/retrieve back coal blocks allotted for captive use to private parties. We reiterate and demand to return back the coal blocks to CIL," central trade unions (CTUs) said in a joint notice to Secretary, Coal.

The CTUs - Indian National Trade Union Congress (INTUC), Hind Mazdoor Sabha (HMS), Bharatiya Mazdoor Sangh (BMS), AICWF and All India Trade Union Congress (AITUC) - which represent CIL workers, said they would resort to work to rule from September 18 to 20 and would decide the future strategy on September 21 if their demands including immediate stop on any further disinvestment in CIL is not met.

The charter of demands also include scrapping "Coal Videsh" and preventing any move to acquire overseas mines by it so that the money can be utilised in coal projects in India which in turn would generate employment.

Their demands also included infrastructure status to coal with budgetary support.

The Supreme Court on August 25 said that all coal block allocations made from 1993 to 2010 before pre-auction era during previous NDA and UPA regimes have been done in an illegal manner by an "ad-hoc and casual" approach "without application of mind".

The apex court, which had examined the allocation of 218 blocks, said: "Common good and public interest have, thus, suffered heavily" as "there was no fair and transparent procedure, all resulting in unfair distribution of the national wealth."

Meanwhile the government is likely to soon approve disinvestment of CIL which may fetch the exchequer Rs 22,000 crore.

The proposal for 10 per cent disinvestment of CIL is likely to be taken up by the Cabinet Committee on Economic Affairs (CCEA) in its next meeting.

A planned stake sale in CIL in the last financial year had to be deferred after stiff opposition from the trade unions. The coal major had to make up for that by paying about Rs 19,000 crore as dividend to the exchequer.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 03 2014 | 4:50 PM IST

Next Story