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BELLARY, July 13, 2014

‘Budget only for corporate sector’

M. Ahiraj

Tapan Sen, MP and National General Secretary of Centre for Indian Trade Unions (CITU), said that only the corporate sector would profit, going by the budget that was presented.

Mr. Sen said on Saturday that the United Progressive Alliance’s policies had resulted in rising costs and unemployment.

The present government, he added, was keen to continue on the same economic path. He cited the Centre’s importance to foreign direct investment, private-public partnership, changing Labour Laws to help the corporate sector, tax concessions to investors, cut in public expenditure among others.

“No step has been taken to reverse the economic policy. This will not augur well for the country, which is already reeling under an economic crisis,” he said. “The budget’s approach is towards over-burdening the people,” he charged.

He said that the CITU council would discuss the budget and plan a movement at various levels. All the central trade unions would jointly struggle against the economic policies that would prove disastrous to the country, he added.

On Friday, .K. Padmanabhan, president of the CITU, criticised the Bharatiya Janata Party government for continuing the UPA’s legacy.

“After the ten-year rule of the UPA, the Congress was ousted and NDA came to power. But it is very clear that it has been pursing the Congress policies,” he said.

He also slammed the Tirnmool Congress government headed by Ms. Mamta Banerjee for what he termed as ‘unleashing a reign of terror’ on the leaders and workers of Communist Party of India – Marxist in West Bengal.

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