‘The Hindu’ continues on the path of growth : N. Ram

N. Ram, Chairman, Kasturi &Sons Limited addressing at The Hindu Office & National Press Employees Union 58th Anniversary Function on Tuesday. From left, Rajiv C. Loachan, MD & CEO, Kasturi & Sons Limited , E. Gopal, President, Hindu Office National Press Employees Union and M. Kamalnathan, Union General Secretary are in the picture. Photo: R. RaguN. Ram, Chairman, Kasturi &Sons Limited addressing at The Hindu Office & National Press Employees Union 58th Anniversary Function on Tuesday. From left, Rajiv C. Loachan, MD & CEO, Kasturi & Sons Limited , E. Gopal, President, Hindu Office National Press Employees Union and M. Kamalnathan, Union General Secretary are in the picture. Photo: R. Ragu

“The Hindu enjoys credibility and goodwill of the people. We will continue along the path of growth,” said N. Ram, Chairman, Kasturi and Sons Limited (KSL). He was speaking at the 58 anniversary celebration of The Hindu Office and National Press Employees’ Union here on Tuesday. “We have to increase revenues in an ethical manner and reduce expenses without harming people,” said Mr. Ram

Rajiv C. Lochan, Chief Executive Officer and Managing Director of KSL, said that there were hardly 10 companies in the country that were 136 years-old and among them Indian firms were fewer. “The company draws immense respect from the readers, bureaucrats and policy makers. People firmly believe that The Hindu reports only the truth,” he said.

“Such reputation is like a treasure and has to be protected. The company’s well-being is due to the prayers and wishes of its employees and their families. We will have to work together to keep the company’s name high for the next 136 years and more,” he said. “We are the only company that implemented the Majithia Wage Board fully in letter and spirit,” he added.

E. Gopal, president of the Union, outlined the relationship with The Hindu’s management. “There has always been good relations between us,” he said. M. Kamalanathan, general secretary of the union, said that he was hopeful that the management would continue the welfare measures and protect the interest of the employees.

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Comments on “‘The Hindu’ continues on the path of growth : N. Ram

  • Kashinath Matale says:

    Dear Sir,
    In the above news reported that…..
    Rajiv C. Lochan, Chief Executive Officer and Managing Director of KSL, said that the “We are the only company that implemented the Majithia Wage Board fully in letter and spirit.
    But there are some confusion in implementation of the Majithia Wage Board, such fixation/fitment, service increments, annual increment, DA calculation. The Hindu Calculating the DA on the base of 189 points instead of 167 points as recommended and notified by the Govt of India. 73)
    In view of our conclusion and dismissal of all the writ
    petitions, the wages as revised/determined shall be payable from 11.11.2011 when the Government of India notified the recommendations of the Majithia Wage Boards. All the arrears up to March, 2014 shall be paid to all eligible persons in four equal instalments within a period of one year from today and continue to pay the revised wages from April, 2014 onwards.
    It is clear that wages revised from 1-7-2010 and from 11-11-2011., But the management including The Hindu paying DA as per INS or its wrong way due to this employees getting less DA for the 22 points means Rs 2000/- to Rs 3000/- and above.
    So how they claiming that they implemented the Wage Board by fully.

    Reply
  • Dear Mr Kashinath,

    THE HINDU is not giving DA as Notified in the Gazette. It is giving DA under 189 BASE and DIVISOR formula which is totally wrong. DA should be paid under 167 BASE and DIVISOR formula only as recommended by the MWB, notified in the Gazette and upheld by the Supreme Court.

    Apart from DA, a section of staff are highly dissatisfied with the management as they are denied MWB recommended salary under the interpretation that they are coming under ADMIN category.

    Reply

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