Central Trade Unions reactions to Union Budget 2018

Central Trade Unions reactions to Union Budget 2018

Bharatiya Mazdoor Sangh (BMS)reactions to Budget – Labour unfriendly and disappointing Budget
Middle class employees are unhappy with no increase in their ceiling for tax exemption; at the same time the cess on income tax is increased from 3% to 4%. This was done at a time when the budget claims 41% increase in the tax payers’ net …The increase in take home salary for women will reduce 16% of their future savings [ Read More…]

AITUC says “Budget dodged the common people but Huge concessions to Corporate “
Cess is being increased on Education & Health which will further add to indirect taxation on common man. On the other side the tax concessions to corporate and big business continued in this budget also.

70 lakh jobs were lost after demonetization and Govt. is talking of creating only 17 lakh jobs. Another six crores of people are expected to loose livelihood in informal sector according to independent surveys &
17 lakhs formal jobs to be further lost says the same survey. [ Read More..]

CITU on Budget : Anti-People, Anti- worker and Deceptive Budget
The Union Budget 2018-19, presented by the Finance Minister of the Narendra Modi Govt today on a preliminary scrutiny, turns out to be deceptive one, meticulously articulated to misguide and confuse the people. The Budget is anti-workers, anti-people and also militates against the national interest. CITU condemns such an anti-people exercise

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