Nifty99000 100%

Sensex99000 100%

Article rating: 4.2
Article rating: 5.0
Article rating: 5.0
Article rating: 4.8
Article rating: No rating
Article rating: 5.0
Article rating: 3.7
Article rating: 2.0
Article rating: 3.6
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: No rating
Article rating: 5.0
Article rating: No rating


Jaitley holds pre-Budget consultations with trade unions, assures workers’ welfare

Author: IANS/Wednesday, December 6, 2017/Categories: Government

Jaitley holds pre-Budget consultations with trade unions, assures workers’ welfare

New Delhi - Finance Minister Arun Jaitley said the Central government was fully committed to safeguard the interests of the workers, especially those working in the MSME and the unorganized sector.

Holding pre-Budget consultations with representatives of different trade union groups, he said the workers were entitled to minimum wages prescribed by law and asked all the industries concerned to strictly comply with this without fail.

During the meeting, nine of the trade unions jointly gave a common memorandum on behalf of the workers they represent which contained 12 point charter of demands including increased budgetary allocations for social sector, measures to check the prices of essential commodities and stopping disinvestment and strategic sale of public sector undertakings.

They also demanded fixing minimum wages for all workers on the basis of the 15th Indian Labour Conference recommendations, and linked with Consumer Price Index.

Other suggestions included provisions for "same wages for same work", creation of support system for domestic workers, bringing about Labour Law reforms and creation of a National Fund for unorganised sector workers to provide social security, a statement from the Finance Ministry said.

"Other demands include the raising of the ceiling for income tax purposes for salaried class persons and pensioners up to Rs 5 lakh per annum, and Rs 8 lakh in case of senior citizens," it added.

They also suggested that income gap between rich and poor be checked by taxing rich people who can afford to pay.

Among the major trade groups present during the meeting included Bharatiya Mazdoor Sangh, Indian National Trade Union Congress, All India Trade Union Congress, Hind Mazdoor Sabha and National Front of Indian Trade Unions.

Print Rate this article:
No rating

Number of views (161)/Comments (0)

rajyashree guha


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free