Sunday, March 28, 2010

Leavy Collected By The Union In last BIPARTITE

THE LEVY PAID BY MEMBERS EVERY FIVE YEARS (The levy amount can be staggering amount as it amounts to Rs.150 Crores40 Lacs if members(2,75,000 Officers/4,77,000 Workmen) as mentioned above contribute @ Rs.2000/- each). Does anybody remembers, how much levy was paid last time and how much unions are expected to ask this time from each member? Members can do their own calculations. If Rs.150,40,00,000 are collected and put in a fixed deposit at the lowest rate of 6% p.a.,it earns Rs.9.02,40000 (Near About Rs9 Cores) as interest per year and the principal remains intact. What will be done by union leaders with this kind of money?
The collections done by unions from clients of the banks at the time of souvenirs or holding national conclaves etc. is not included in the above calculations. This can also be to the extent of few crores.
(Updated On 27.04.2010)

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