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BankersUnited@Official

Sep 8, 2020 • 12 tweets • 4 min read • Read on X

Thread on PSUs

Total paid up capital in all CPSEs as on 18-19 stood at ₹2,75,697 Cr as compared to ₹2,53,977 Cr 17-18 (339 CPSEs), showing a growth of 8.55%. Total Fin Investment in all CPSEs stood at ₹16,40,628 Cr as on 31.3.19 as compared to ₹14,31,008 Cr as on 31.3.18

Capital Employed in CPSEs stood at ₹26,33,956 crore as on 31.3.2018 as compared to ₹23,57,913 crore as on 31.3.18 showing a growth of 11.71%. Total gross revenue from CPSEs during 2018-19 stood at ₹25,43,370 Cr as compared to ₹21,54,774 Cr in 17-18.
#GarbageChetanBhagat

Total income of all CPSEs during 2018-19 stood at ₹24,40,748 Cr as compared to ₹20, 32,001 Cr in 2017-18, showing 20,12% growth. Profit of CPSEs (178 CPSEs) stood at ₹1,74,587 Cr during 2018-19 as compared to ₹1,55,931 Cr in 2017-18 showing 11.96% growth
#GarbageChetanBhagat

Loss of loss incurring CPSEs (70 CPSEs) stood at ₹31,635 Cr in 18-19 as compared to ₹32,180 Cr in 2017-18 showing a decrease in loss by 1.69% Overall net profit of CPSEs during 18-19 stood at ₹1,42,951Cr as compared to ₹1,23,751 Cr during 2017-18 showing 15.52% profit growth

Reserves & Surrplus of all CPSEs stood at ₹9,93,328 Cr as on 31.03.2019 as compared to ₹9,26,906Cr as on 31.03.2018 showing an increase by 7.17%.
Net Worth of all CPSEs went up from ₹11,15,552Cr as on 31.03.2018 to ₹12,08,758Cr as on 31.03.19 showing an increase of 8.36%.

Dividend declared / paid by operating CPSEs (121) in the year 2018-19 stood at Rs. 71,916 crore against Rs. 76,014 crore in the year 2017-18 showing a decrease by 5.39%
#GarbageChetanBhagat

Contribution of all CPSEs to Central Exchequer by way of excise duty, customs duty, GST, corporate tax, interest on Central Government loans, dividend & other duties and taxes stood at ₹3,68,803 crore in 2018-19 against ₹3,52,361 crore in 2017-18, showing an increase of 4.67%.

Foreign exchange earning of all CPSEs (79) through exports of goods and services stood at Rs. 1,43,377 crore in 2018-19 against Rs. 98,714 crore in 2017-18, showing an increase of 45.24%.
#GarbageChetanBhagat

Foreign exchange expenditure of CPSEs (144) on imports and royalty, know-how, consultancy, interest and other expenditure stood at Rs. 6,64,914 crore in 2018-19 against Rs. 5,22,256 crore in 2017-18 showing an increase of 27.32%.
#GarbageChetanBhagat

CSR Expenditure of CPSEs (150) stood at Rs. 3873 crore in the year 2018-19 against Rs. 3441 crore in 2017-18 showing an increase of 12.55%. Salary &Wages in all CPSS stood as ₹ 152684 crore in 2018-19 against ₹153945 Cr in 17-18 shows a reduction of 0.82%
#GarbageChetanBhagat

Total Market Capitalization (M-Cap) of 56 CPSEs traded on stock exchanges of India is ₹13,71,116 Cr as on 31.03.2019 as compared to ₹15,20,412Cr as on 31.03.2018 showing a decrease of 9.82%.
#GarbageChetanBhagat

Market Capitalisation of CPSEs as Percentage of BSE Market Capitalisation decreased from 10.69% as on 31.3.2018 to 9.08% as on 31.3.2019. This tgread wasnt for #GarbageChetanBhagat as we were collecting info since long but as far as his Useless mind in concern, it seems good time

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More from @Bankers_United

BankersUnited@Official

@Bankers_United

Sep 24, 2020

As many of you may be aware that Centre drafted the rules for ""Minimum Wage Code Bill 2019" which was passed in RS on 2.8.2019. Lok Sabha passed bill on 30.7.2019. Lets try to understand what happened in it for Bankers & how IBA & UFBU made us fool
thehindu.com/news/national/…

On 7th July 2020 eGazette was published for "Code on Wages Bill, 2019" which seeks to amend & consolidate laws relating to wages, bonus & matters connected therewith.

✔The Code subsumeed,
✔Min Wages Act
✔Payment of Wages Act
Payment of Bonus Act &
✔Equal Remuneration Act.

Now coming the interesting part, in the middle of worldwide pandemic & more than 6 Month's hibernation, Indian Bank association wake up & issued letter on 10th July ( Just 3Days later) for "Wage Negotiations Meeting" on 22nd July. Coincidence???? Apparently not!! Stay tuned;

Read 14 tweets

BankersUnited@Official

@Bankers_United

Sep 6, 2020

During the Global Meltdown India performed well compare to many developed countries like UK/US just because of that potential liquidity in system increased by Rs.5.6 trillion or 9.5 percent of the GDP. Average of daily Call money rates under impact of reduction in CRR

& Repo Rate declined from 9.9 percent in October-08 to 3.17 in May-2008. Although RBI increased liquidity significantly, the utilization of liquidity by banking system was limited because of the low credit demand from the Market &
#StopPrivatization
#BJPkilledPSUs

Defensive approach of mostly Nationalized Banks to lend money during recession makes Indian financial sector emerged with dismal damage all because of then Strong regularity framework of RBI. Bt since present Govt is adamant at policy level future seems Uncertain!!
#BJPkilledPSUs

Read 4 tweets

BankersUnited@Official

@Bankers_United

Aug 22, 2020

In six years to 2019-20, 10 states have announced farm loan waivers totaling Rs 2.4 lakh crore--which amounts to four times the 2019-20 budget for the Rural Jobs Programme or 9% of the 2019-20 Union budget--as per a Sep 2019 report on Agri credit by RBI.
#PvtLtdSarkar
#SaveIDBI

In these 6 years, 2017-18 saw most waivers, reaching 12% of gross fiscal deficit (total Exp in excess of income) 7States- Andhra Pradesh, Telangana,Tamil Nadu, Maharashtra, UP, Punjab & Karnataka. Altogether, they provided nearly ₹49K Cr budgets for loan waivers during 17-18.

Surprisingly 2017-18 happenes to be the year for various state assembly elections also & Parties used debt waiver as Vote Bank Tools
Andhra Pradesh- 4/2019
Telangana- 12/2018
Tamilnadu - 6/2016
Uttar Pradesh- 2/2017
Punjab - 2/2017
Karnaraka- 5/2018
Maharashtra- 10/2019
#SaveIDBI

Read 11 tweets

BankersUnited@Official

@Bankers_United

Jul 21, 2020

@DFS_India

11thBPS Events till today
✔3 Reminders (in 2016)from @DFS_India
✔Charter of Demand Submitted in May 2017
✔23 Rounds of meeting with Full Negotiation Committee
✔UFBU leader met Honourable @FinMinIndia on 21/3/18
✔First offer made by IBA on 5/5/18 (185Days Delay)

#NoMoreDelay

In 20 Month of Shameless Percentage game started from 2%, then further improved to 6%, then 8% then 10% & finally the latest offer (before march 2020 strike call) of 12.5% was made on 13.01.2020!! They turned Bankers Bipartite Settlements into a Bhindi Bazar!!!
#NoMoreDelay

@DFS_India

✔Total 42 Rounds meeting have been done,
✔Half Dozen strikes have been called
✔3 massive Demonstration have been held at Delhi
✔Countless agitation programmes held nationwide

Still @DFS_India unable to Resolve a very simple Wage Negotiation process for Bankers??
#NoMoreDelay

Read 4 tweets

BankersUnited@Official

@Bankers_United

Jul 12, 2020

Last meeting held for #11thBPS Demands

1st- 20% Hike
IBA- Not possible due to low profitability,only 12.25% Increase (2% On basic) & 2.74% of PLI(performance Linked pay)

2nd- 5 Days Banking
IBA- Denied clearly

3rd- Merger of Special allowance
IBA- Unaffordable due to load(??)

4th- Scrap NPS
IBA- Not possible at this stage as Unions have agreed upon to introduce NPS in Banks in 2010

5th- Updating of Pension
IBA- Not possible due to financial implications & affordability of the Banks hampered due to NPAs

6th- Family Pension
IBA- Matter is with Govt

7th- Staff welfare Fund allocation based on Operating profit (Presently its on NET Profit)
IBA- Matter is with Govt

8th- Exemption if Tax on Retrial benefits
IBA- Matter is not under their preview

9th- Uniform Definition of Banking hour
IBA- its Upto Banks and SLBCs

Read 4 tweets

BankersUnited@Official

@Bankers_United

Jun 27, 2020

Less Try to understand what happened in E synidate Bank Surat Incident Step by Step

DAY 1- 20.06.2020
A customer visited to the Branch for Passbook updating in branch, since the printer was not working So customer was given Account statement on the same day;
#StopWorkAbuse

Day 3- 22.06.2020
Customer again visited the branch & Requested to update Passbook (No Txn happened btwn 20/06 to 22/06) since Printer was not working & Printed statement already provided, Branch expressed inability to help them any further. Customer called his relative (A Cop)

There were only 2 Staff working in Branch, since the business hours is over so staff were doing backend work of the Day. The other person forced Security to open gate (4:30PM) & entered branch, he started to Abuse staff of the branch by using very foul language!
#StopWorkAbuse