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One of the major demands of the 11 Central Trade Unions, which they presented to the new Prime Minister and Labour Minister is “Stoppage of Disinvestment in Central/State PSUs.”

The Former Prime Minister Dr. Manmohan Singh stated to the Central Trade Union Representatives that these demands are unexceptionable, but did not take any action to implement them. The new Labour Minister Shri Narendra Singh Tomar also heard the TU leaders with attention.

But what has happened. The Railways Minister Shri Sadananda Gowda has proposed in the Railways Budget to bring PPP and Privatisation in Railways. The Finance Minister Shri Arun Jaitley in his Budget Presentation has clearly stated that FDI will be increased from 26% to 49% in Insurance and Defence sector. It is also stated that the PSU Banks will be disinvested. Thus Disinvestment and Privatisation are going to be implemented in a big way, in an aggressive way.

This is the attitude of the NDA government to the working class. Naturally there will be stiff resistance from the workers and it will not be much delayed.