Latest news with #GaddamVamsikrishna
New Indian Express
22-04-2025
- Business
- New Indian Express
Peddapalli MP Gaddam Vamsikrishna secured Rs 140 cr towards Singareni pension fund
HYDERABAD: In a development that marks a turning point for the welfare of Singareni coal mine workers, Peddapalli MP Gaddam Vamsikrishna secured Rs 140 crore towards the long-stagnant Singareni Pension Fund. This has ended over 35 years of administrative apathy and revives a critical social security measure first envisioned decades ago. Despite the pension scheme being launched during the tenure of former Union Minister Kaka Venkataswamy, there has been no enhancement to pension contributions since its inception. Successive governments failed to address the growing needs of thousands of retired coal workers, leaving their futures uncertain. Rising to the occasion, MP Vamsikrishna took the issue and met Union ministers, engaging Singareni Collieries Company Limited (SCCL) officials and raising the matter in the Parliament. His sustained efforts have now resulted in SCCL agreeing to allocate Rs 20 per tonne of coal mined towards the pension fund — injecting Rs 140 crore into the scheme in a single move. 'This is just the beginning,' said MP Vamsikrishna.
Hans India
22-04-2025
- Business
- Hans India
Efforts Bear Fruit…MP Vamsi secures Rs 140 cr towards SCCL Pension Fund
Hyderabad: The SCCL (Singareni Collieries Company Limited) decided to allocate Rs 20 per ton of coal mined towards the Singareni workers pension fund, injecting Rs 140 crore into the scheme in a single move. According to a media statement, Peddapalli MP Gaddam Vamsikrishna has successfully secured Rs 140 crore towards the long-stagnant Pension Fund. This was realised following the MP's persistent efforts including meetings with central ministers, engaging SCCL officials, and regularly raising the matter in Parliament. Described as a landmark development that marks a turning point for the welfare of Singareni coal mine workers, this breakthrough ends over 35 years of administrative apathy. This pension scheme was launched during the tenure of former Union Minister Gaddam Venkataswamy. However, there has been no enhancement to pension contributions since its inception. Successive governments failed to address the growing needs of thousands of retired coal workers, leaving their futures uncertain. 'The MP's sustained efforts have now resulted in SCCL agreeing to allocate Rs 20 per ton of coal mined towards the pension fund,' the statement reads.
