Budget 2018 trade unions urge govt to focus on employment generation

Budget 2018: Trade unions urge govt to focus on employment generation

Budget 2018: Trade unions urge govt to focus on employment generation on Business Standard. Trade Unions want government to allocate funds in Union Budget 2018 for employment generation and claimed opening up retail market to foreign players would lead to loss of jobs.

Budget 2018 Trade Unions want the government to allocate more funds in the Union Budget for employment generation and claimed that opening up the retail market to foreign players would lead to further loss of jobs.

Though Finance Minister Arun Jaitley had said suggestions made by TU leaders during a pre-budget consultation meet last month would be considered, the leaders felt the government's economic exercise was only meant to benefit corporate house.

The leaders of two major central unions claimed thousands of people had lost their jobs because the government's demonetisation decision had adversely affected small and medium industries, forcing them to either shut down or sack workers.

"We want the government to spend the maximum in job creation. We think after such a big loss of jobs in India because of demonetisation, the government should bring back jobs lost and generate more jobs," All India Trade Union Congress (AITUC) general secretary Amarjit Kaur told PTI. AITUC and the Centre of Indian Trade Unions (CITU) also attacked the government's recent decision to open up the retail market to foreign

players.

"This will only uproot the existing jobs available in the sector," CITU general secretary Tapan Sen told PTI. The TU leaders said though the government always claimed foreign investment would lead to the creation of jobs, there was no guarantee it would.

Foreign investors would like to keep labour costs to a minimum, they held.

"So we think the attempt of the government even before the budget is to further attack those sectors which generate jobs. The decision for 100 per cent FDI in retail will again affect the job market," Kaur said.

The decision would not only affect retail traders but also workers who produced material for trade, she said.

The TUs alleged that while the issue of job loss had been brought to the notice of the government several times, it had no solutions to offer.

Sen also criticised the government's approach towards employment generation.

"The government must consider its capacity to

generate productive employment. But its approach is to create more entrepreneurs. The government forgets that the workers' numbers are much higher than those of entrepreneurs," Sen said.

They also claimed the government's skill development projects were not job oriented.

"You need trained people for jobs. We want the government to start vocational trainings in schools.

That is where the government should invest," Kaur said.

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