25.03.2011
CITU strongly opposes introduction of Pension Fund Regulatory and Development Authority Bill by the Government in Parliament on 24th March 2011. The bill is part of the neo-liberal global corporate agenda to change the concept of pension as “defined benefit” to the workers after retirement to a “defined contribution” by the workers, thus making a mockery of pension as social security scheme, with the onus of funding and regulation of the scheme shifting from Government / employer to a Regulator with the main objective to divert the pension contribution by the workers to the share market and corporate equity funds. This bill, initiated during NDA regime could not be pushed through because of the opposition by the working class outside the Parliament and by the left parties within the Parliament. The surreptitious way the UPA government of Congress and its allies has kept the avenues open to the Regulator for unlimited foreign investment in pension fund without requiring a Parliament assent, shows the way the present Government in connivance with the major opposition party, the BJP, is surrendering to the pressure of International Finance Capital.
CITU also strongly opposes the introduction of Labour Law amendment bill proposing exemption from furnishing returns and maintaining registers by certain establishments. The bill, if passed, would exempt more than eighty percent of existing establishments in the country, to ignore virtually all labour laws of the land, as they would not be required to maintain any records of workers working within their establishments. CITU along with other Central TUs have been opposing this so called ‘Labour Reform’ bill which will usher a jungle law in the industry.
CITU calls upon the working class to intensify their ongoing struggle against the above legislations, so that the corporate captive government is forced to withdraw the above bills from the Parliament.
Courtesy: www.citucentre.org/
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