CONFEDERATION OF CENTRALGOVT. EMPLOYEES & WORKERS.
P R E S S S T A T E M E N T
Date 08.10.2012
Confederation of
Central Government Employees and workers strongly condemns the recent decision
taken by the Union Cabinet to allow FDI in Insurance and Pension sectors. Both the Pension and insurance are long time
savings instruments and the funds are
greatly drawn from the common people. The Insurance Sector in which the
Government had a monopoly till the advent of the neo liberal economic policies
has remained as one of the most efficient, customer caring and profit making
public enterprises. It contributes about 25%of the total investment of Govt. of
India funded projects.
The
permission to have 49%FDI in the two sectors will obliterate the Indian
entrepreneurs as they would not be able to meet the challenge of the cut throat
competition and unfair marketing practices to be unleashed by the giant
transnational corporations. Besides,
the UPA II Govt. has chosen to ignore
the huge loss of about 4 Trillion dollars suffered by the Pension fund
operators in the USA due to the global financial crisis from which the West
European and American Economy is yet to come out. This decision of the Union cabinet is clearly
to bail out those transnational corporations from the financial crisis. The Government’s decision will enable the
Pension fund operators to lure the ignorant common pension beneficiaries to
speculative market and the consequential liquidation of their savings and
negation of pension benefit at the evening of their life.
The present decision of
Manmohan Singh Government read with the intensified desire to enact the PFRDA
Bill in the winter session of the Parliament must be seen as the most
treacherous and anti people decision taken at the behest of and compulsion from the International
Finance capital and especially to oblige the US Government whose President is
seeking re-election.
The Confederation has
called upon the CG employees to organize campaigns and organize a day’s strike
on 12th December, 2012 to compel the Government to rescind this anti people
decision and withdraw the PFRDA Bill.
K.K.N. Kutty
Secretary General
Copy forwarded
to affiliates and
State Committees of
the Confederation with a request to issue necessary direction
to unleash intensive campaign through meetings, demonstration,
dharna etc. The State Committees are also requested to
send a brief report of the campaign undertaken
in September, 2012 in preparation of the one day strike on 12th
December, 2012.
No comments:
Post a Comment