CITU in a press statement has lambasted the Central govt. on its policy of disinvestment:

“On the very day of unprecedented strike on 28th February all over the country by all Central Trade Unions on ten point Charter of demands which included immediate stoppage of disinvestment of profit making PSUs, the government responded by declaring 5% disinvestment of ONGC, the Maharatna PSU having an annual profit of Rs. 18 thousand crore as well as reserve and surplus of more Rs 1 lakh crore. CITU condemns the hypocritic stand of the government which only couple of days back appealed to Central Trade Unions through Labour Minister to desist from going on strike as the “issues raised by the Central Trade Unions have already been addressed to a substantial extent.” CITU reminds the government that even during pre-budget discussion, Central Trade Unions had asked the government to take concrete steps of recover at least part of Rs. 3 lakh crore tax arrears of individuals / corporates, to make up the revenue deficit instead of selling public assets through disinvestment. Even 5% recovery of the tax arrears will exceed the amount proposed to be gained through disinvestment of ONGC.
CITU also deplores government’s plan to increase petrol, diesel and LPG price after assembly elections in five states which is bound to fuel further price-rise and inflation, a burning issue highlighted by the all India strike. CITU strongly asserts that if the government can afford to arrest the price-rise of petroleum products for electoral purpose during election times there is no reason why the same cannot be done during non-election

CITU calls upon the working class to mobilize and vociferously protest against governments’ hypocritic stand to ignore the demands of the working class to stop inflation and disinvestment”