Quick Summary
In a pre-budget consultation with Union Finance Minister Nirmala Sitharaman on Monday, trade union leaders advocated for critical tax reforms and enhanced social security measures, particularly for informal sector workers. Key demands included imposing asuper-rich tax, increasing corporate tax and allocating the funds to support social security initiatives for unorganized sector employees. Super-Rich Tax and Corporate Tax Hike Trade Union Coordination Centre (TUCC) National General Secretary
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FAQ :
Trade unions proposed an additional 2% tax on the super-rich to generate funds for social security programs aimed at informal sector workers.
Unions unanimously called for the minimum monthly pension under the EPFO to be raised from £1,000 to £5,000, with suggestions to link it to the Variable Dearness Allowance for inflation adjustments.
They are demanding the immediate formation of the 8th Pay Commission to revise government employee salaries, as it has been over 10 years since the 7th Pay Commission was established.
Trade unions noted a significant decline in permanent employees in Central Public Sector Enterprises, from 21 lakh in the 1980s to 8 lakh currently, and urged a reversal of this trend.
Requests included a separate budget for EPF and ESIC, formal recognition, and social security benefits for the 12 million domestic workers in India.
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