Trade unions to protest against National Monetisation Pipeline on October 7

The plan to lease government assets was announced in August

September 23, 2021 04:18 pm | Updated 10:55 pm IST - NEW DELHI

A joint platform of 10 Central trade unions on Thursday said they would hold protests across the country on October 7 against the National Monetisation Pipeline (NMP), a plan to lease government assets announced in August.

The unions termed the policy “anti-national” and “destructive”. They would carry out a continuous campaign to spread an awareness of the impact of the NMP on common people. October 7 would be observed as “national protest day” with agitations at district-level.

A national convention of workers would be held in Delhi after Dusshera and before Diwali to decide the future course of action, they stated.

“The so-called ‘National Monetisation Pipeline’ was announced by the Union Finance Minister on August 23, 2021, to raise ₹6 lakh crore over the next four years... It is claimed that the funds so generated will be invested in expanding infrastructure. This is nothing but a nefarious design to hand over all infrastructural assets to private hands virtually free for revenue generation by them without any obligation of capital cost and share a small part of that huge revenue with the government,” their statement read.

The joint platform comprises the Centre of Indian Trade Union, the All-India Trade Union Congress, the Indian National Trade Union Congress, the Hind Mazdoor Sabha, the All-India United Trade Union Centre, the Trade Union Coordination Committee, the Self Employed Women’s Association, the All-India Central Council of Trade Unions, the Labour Progressive Federation and the United Trade Union Congress.

Top News Today

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.