Shun disruptive tactics: Jaitley tells trade unions

Finance Minister makes it clear that industrial unrest will impact job security

July 21, 2015 02:18 am | Updated 02:18 am IST - New Delhi

Finance Minister Arun Jaitley on Monday said that jobs would come under threat if investments were blocked and cautioned trade unions to desist from entertaining ideas harmful to economic activity.

Addressing the 46th Indian Labour Conference, a day after a ministerial panel headed by him failed to break the logjam with trade unions over labour reforms the Modi government proposes to roll out, Mr. Jaitley said that the safety of workforce cannot be ensured without an increase in economic activity. The government proposes to take steps to make it easier for companies to do business so that job creation gets a boost.

“If we stop the fountain of investment, then employment will not increase, then economic activity will also not increase….and it becomes a threat to existing jobs,” Mr. Jaitley said. He further cautioned the unions that “even if we are a leader of any union or a worker of any organisation, we should not decide on anything which would deter the economic activity or employment opportunities.”

Faster economic growth, he argued, will always protect workmen and the interest of labour in the country. “An efficient economy will always protect the interest of industry and labourers….. Sluggish industry will never be able to create jobs, it is only efficient industry which will be able to create jobs.”

He said the government was trying that when the entire global economy is in a slowdown, India’s economy is strengthened. Efficient industries will be able to pay higher wages and a government receiving higher tax payments will also be able to give higher wages and better social security. He said it was “our responsibility” to take the economy in that direction.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.