IFTU blasts Centre’s pro-corporate policies

Vijayawada: National and State leaders of Indian Federation of Trade Unions (IFTU) came down heavily on the Central government policies accusing them of encouraging FDI in important sectors like insurance, banking, defence etc against the wishes of common man.

They charged the NDA government was pro corporate and was taking
decision in favour of industrialists
and big corporate groups rather than thinking about the problems of the
common people.

The IFTU leaders opined that the nation was suffering huge losses due to implementation of economic reforms, globalisation and increasing FDI in important sectors like banking, insurance, defence, manufacturing etc. “Many public sector undertakings were either closed or privatised due to the pro-corporate and anti-people policies of the Centre,” they averred.

Referring to Demonetisation, the IFTU leaders said the entire economy was badly affected due to spiking of high value notes. They alleged that the demonetisation helped black money holders to convert money into assets, while thousands suffered due to cash crunch.

“The State government is not fulfilling the pre-poll promises and ignoring the genuine demands of contract and outsourcing workers in the State,” they criticised.

The IFTU National Council meeting was organised at the Makineni Basava Punnaiah Vignana Kendram (MBPV), here on Sunday. IFTA national president S Venkateswara Rao, general secretary Sk Mukthar Pasha, Jute Mills Trade Union leader Tapati Chatterjee (West Bengal), IFTU leaders Pitambar Pradhan (Gujarat), K Rama Rao, M Srinivas, Veekshanam magazine editor N Venugopal and others spoke on the occasion.
Nearly 300 delegates from AP,
Telangana and other states attended the National meet.