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Government taking economy in 'wrong direction', says RSS' labour outfit

He said Prime Minister Modi's "good intentions and efforts are neutralized by lack of proper experts"

IANS  |  New Delhi 

Steel, GDP growth, Q4
A worker cuts a metal pipe inside a steel furniture production factory in Ahmedabad

Coming down heavily on the for taking the economy into a "wrong direction", an RSS-affiliated labour organisation on Wednesday urged Prime Minister to "retract from the present reform process" and stop laying "excess thrust" on that has resulted in mounting unemployment.

Saji Narayanan, National President of the Bharatiya Mazdoor Sangh, in a statement demanded the declare a stimulus package towards employment generating activities in labour intensive sectors "to contain slowdown of the economy".

"The present slowdown is the result of wrong direction of the economy and job displacing reforms followed as a continuation of the UPA policies," Narayanan said.

He said Prime Minister Modi's "good intentions and efforts are neutralized by lack of proper experts, lack of communication and feedback from social sectors and dependence on faulty advisors and misguided reforms".

The government's "excess thrust on resulted in loss of employment instead of (Foreign Direct Investment) had already destructively affected our micro and small scale sector as well as retail trade sector. Many of the financial activities of the including banking activities are also getting slowed down", according to the statement.

Asking the to "retract from the present reform process", Narayanan sought lifting the ban on recruitment to enable

"Strengthening the purchasing power of common man is the main solution to stimulate our economy. Benefits of any stimulus package should not be siphoned to the private and corporate sector.

Stimulus package should directly benefit the three highest employment generating sectors -- agriculture, small scale sector (including those in manufacturing sector) and construction sector."

Narayanan said the rural job scheme MGNREGA -- created by the previous Congress -- was "now in a crisis in many states because of non-payment of wages even after six months".

"The should increase the work days of MGNREGA from present 100 days to 200 days per year and link it to agricultural works. It should also arrange payment of wages directly to their bank accounts on the next working day itself. This will soothe India's large rural economy."

He said the agriculture sector is also in shambles and should be revived by providing more subsidy and loan waiver.

Seeking strong intervention in support of the social sector that can revive the economy, Narayanan said it was mainly through investment, and not only by private investment, that the nation can "get over the slowdown".

"To achieve this, BMS reiterates its long pending demand that the should call a round table meet of all the stakeholders in the social sector including that of labour to discuss about economic concerns.

First Published: Wed, September 27 2017. 13:25 IST