Apprehending that opening of the retail market to foreign players would lead to loss of jobs as well as job opportunities, Trade Unions urge the Government to allocate more funds in the Union Budget for generating jobs. The leaders felt that the government’s economic exercise was only for the benefit of corporate houses, although Finance Minister Arun Jaitley said that the suggestions made by the Trade Union leaders during a consultation meeting last month, would be considered. Because of the government’s demonetization decision, the small and medium industries were forced to shut down or sack workers
Government’s recent decision to open the retail market for foreign investors was also attacked by the AITUC and the Centre of Indian Trade Unions (CITU). Though the government always claimed foreign investment would lead to the creation of jobs, but there is no guarantee. Trade Union leaders argued that the Foreign investors would prefer to keep minimum labor costs.
TU alleged that no solution was offered though the issue of joblessness had been brought into the notice of the government. They also claimed that the government’s skill development projects were not at all job oriented.
The Government was attacked by the TU leader for doing away the wealth tax and they said that to utilize the generated money for the social sector and job creation, the government should bring the policy back.
Minister Arun Jaitey met a group of traders including CITU and AITUC for pre-budget consultations on December 5 and said that the Central government is committed to safeguard the interest of the workers. On February 1, the Union Budget will be presented.
Courtesy/By: Jalaj Mahajan
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16 Jan 2018
