Corporate Tilt

In the last 40 years, more than 30 thousand gas victims have died and 7 lakh people are undergoing treatment. In the hospital opened for gas victims, 7000 gas victims go for treatment every day. 1200 crore rupees were received for the treatment of gas victims, but some say that the money is lying in the Reserve Bank. The general discussion is that the government has invested this money in other works to earn profit. The situation is that neither medicines are available to the patients nor the doctors treating them are getting their salaries on time.
The polluted waste that was accumulated after the leakage of poisonous gas 40 years ago has not been disposed of till date. Earlier, a German company came for disposal. It was ready to dispose of the chemical waste for 50 crores, but it was not given the contract. Now, it is being said that Rs. 126 crore is required to remove the waste of Rs. 35 lakh ton. Currently, the residents of Bhopal are forced to drink poisonous water, due to which a large number of children are suffering from disability and common people are suffering from respiratory diseases.
The biggest question is that in the last 40 years, no official of Union Carbide company or any of the guilty administrative officers has gone to jail. Now the name of the company has also changed, now it is known as Dow Chemicals. Union Carbide Chief Warren Anderson has died at the age of 92. Bhopal's gas victims constantly remember the day when Anderson came to Bhopal after the gas tragedy, he was put under house arrest. Later, on the instructions of the then Chief Minister Arjun Singh, he was released from the airport by the SP-Collector of Bhopal, from where he left for America.
If after 40 years, it is evaluated that who is guilty of this incident? So it becomes clear that the Congress and BJP governments have neither bothered about the health related problems of the gas victims and the citizens of Bhopal nor did they provide proper compensation to the gas victims. In all the courts (Bhopal Court, Jabalpur High Court and Supreme Court), all the cases are going on regarding these issues. It is worth mentioning that the Government of India had taken all the powers in its hands to decide on giving compensation to the gas victims.

25 thousand rupees were given to the gas victims. Not all the gas victims have received compensation even among the gas victims. The 56 gas affected wards of Bhopal were limited to 36 wards. In America, the death compensation is given as 5 lakh dollars (1 dollar = 85 rupees). This means that both the courts of India and America accept the difference of lakhs of times in the value of the life of an American and an Indian citizen.

When I went to the programs of Gas Peedit Mahila Udyog Sangathan on 2 and 3 December 2024, I found that the gas victims there were demanding five times the compensation. When the compensation was given, the value of 1 dollar was 15 rupees, now it has become 85 rupees.

Adv. N.D. Jayaprakash, who is fighting the case on behalf of the gas victims in the Supreme Court, is demanding that the compensation amount be given to each gas victim at today's rate of 7 lakh rupees.

Today, holidays are given in Bhopal as a tribute to the gas victims, government programs are also held. In which apart from the ministers of the government, the Governor also participates. Abdul Jabbar, who fought for the gas victims all his life, used to organize programs continuously in Yadgar-e-Shahjahani Park. Even after his death, the series of programs is continuing but participation has become very limited. The exhibition that was held yesterday and today was seen by 100 to 150 people. There were about 50 youth and children in it who were brought by their elders.

I think we are living in a very insensitive society and world.

The kind of outrage and human response against the massacre of 3 lakh Palestinians by Israel in Palestine is not visible anywhere, as should be seen.
The situation is the same in Bhopal. It seems as if the common citizens of Bhopal have nothing to do with the Bhopal tragedy, whereas the truth is that whoever lives in Bhopal and drinks water here, they are drinking water polluted with toxic waste.
Now the only hope rests on the judiciary. However, this judiciary has not yet ensured health related arrangements for the victims of the gas tragedy, has not made any arrangements for rehabilitation. The legislature (both the Legislative Assembly of Madhya Pradesh and the Parliament of India) has occasionally paid tribute to the people killed in the gas tragedy but has ignored their health, rehabilitation, pollution related problems. The executive simply washes its hands off by saying that whatever instructions come will be followed. The media raised this issue for a long time but today the discussion of the gas tragedy has been limited to December 2-3.
How long will the gas victims have to wait to get justice? How many days will we have to protest and how many gas victims will we have to see die due to lack of treatment? Will the younger generation come forward to face these challenges? This question remains unanswered. How long will we have to wait to get answers to these questions?

Centre: Four Labour Codes to be Implemented in Coming Months https://gaurilankeshnews.com/centre-four-labour-codes-to-be-implemented-in-coming-months/ June 9, 2021  

The labour ministry had envisaged that the codes on wages, social security, occupational safety, would be implemented from April 21st, 2021 onwards. Under the constitution, that for labour laws, both Centre and the states must notify rules for implementation of the the concerned policy in their jurisdiction, before implementation. Many states are in the process of finalising the rules under the codes. The Industrial Relation code also gives an immense amount of unchecked power to firms, allowing for lay offs, retrenchment and closure of employees without government permission, now for firms with up to 300 employees. 

Last year, both the Lok Sabha and the Rajya Sabha passed the four codes, when the opposition was not in House. Protests against the codes have been ongoing since they were passed in Parliament last year, with many trade unions joining the ongoing farmers protest, expanding demands to those of the farmers agitation. Protests against the laws, have seen copies of the four labour codes being burned by protesters.

Why NCLT thinks Vedanta is getting Videocon for ‘almost nothing’ https://indianexpress.com/article/explained/vedanta-group-videocon-industries-resolution-plan-nclt-order-7363140/ 

the Mumbai bench of the NCLT has raised questions about Vedanta group company Twin Star Technologies’ Rs 2,962 crore bid for 13 Videocon group companies, noting that the applicant was paying “almost nothing”.

banks won’t get back Rs 68,471.73 crore that they claimed under the plan.

voluminous number of operational credit are also MSMEs and if they are paid only 0.72 per cent of their admitted claim amount, in the near future, many of these operational creditors may have to face insolvency proceedings which may be inevitable. NCLT requested both CoC and Twin Star to increase the pay-out amount to these operational creditors, especially MSMEs, as this is the first group consolidation resolution plan of 13 companies having a large number of MSMEs. 

As per the CIRP Regulations, the liquidation value and fair market value is kept as confidential and informed to the lenders panel members only at the time of finalising the resolution plan... a doubt arises on the confidentiality clause being in real time use. The liquidation value of the corporate debtor is Rs 2,568.13 crore which is very close to the amount approved by the lenders. ..

According to rough estimates, banks have suffered a haircut of Rs 2.97 lakh crore in insolvency resolution plans of 12 big corporates. While the total loan amount involved is Rs 4.47 lakh crore, the settlement amount is Rs 1.62 lakh crore. Apart from Videocon, other major losses for lenders include ABG Shipyard (95 per cent or Rs 20,800 crore), Lanco Infra (88 per cent or Rs 41,700 crore) and Alok Industries (83 per cent or Rs 25,148 crore). However, banks were using Sarfaesi Act to seize the assets and recover loans from home loan customers and small units.

Post by OPS:  if I tried taking this amount from a bank or a MSME, I would be on the most wanted list of a few Union and State law enforcement agencies!