Trade unions meet Pranab; demand revival of sick units
BS Reporter / New Delhi Jun 04, 2009, 00:16 IST
Representatives of trade unions, who met the finance minister today, have demanded revival of sick units instead of selling government equity stake in those companies.
The Centre of Indian Trade unions (CITU) and the All India Trade Union Congress (AITUC) said privatisation and disinvestment of state-owned firms would affect interest of workers.
The views of the trade unions, representing mostly the organised labour force, run contrary to the demands of India Inc, which called for disinvestment of public sector enterprises to fund the widening fiscal deficit.
They also suggested increasing corporate tax rate so that more money can be transferred from the rich to the poor.
AITUC also suggested an investment of Rs 1,00,000 crore in the social infrastructure, which will create jobs and assist workers across industries.
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