The Centre for Indian Trade Unions (CITU) has criticised the Narendra Modi government for indulging in false propaganda over the Atal Pension Scheme and raising funds from unorganised sector.
“The proposed scheme is through Pension Fund Regulatory and Development Authority where the contributions are invested in stock market and the returns are given depending on the market value. With market risk involved due to fluctuations, how can the government announce that a guaranteed pension of Rs. 5,000 would be given? This is nothing short of cheating,” S. Prasannakumar, national CITU secretary, said.
Speaking to presspersons here on Friday, Mr. Kumar expressed concern over the Union government spreading the “false propaganda” through film actor Amitabh Bachchan to hoodwink gullible people.
Nation-wide strike
All the Central Trade Unions will stage a nation-wide strike on September 2 over the Union government’s decision to amend various Labour laws, it’s failure to check price rise, cut in grants for social schemes etc.
“The Union government has reduced its contribution to the midday meal scheme from Rs. 13,000 crore to Rs. 8,000 crore. Similarly, the allocation to anganwadis have been reduced and attempts were being made to close down as many as 66 social welfare schemes in the guise of ushering in austerity measures,” he said.
