In their customary pre-budget meeting with Finance Minister Pranab Mukherjee, the representatives of trade unions suggested the government should come out with more social security initiatives and take steps to strengthen public sector undertakings.
"We demanded assured pension for workers of unorganized sector. Contract worker should get provident fund money... We spoke against disinvestment. PSU's have Rs 6 lakh crore reserves. This money should be invested for employment generation," CITU representative and Rajya Sabha member Dipankar Mukherjee told reporters after the meeting.
Trade union leaders from 11 organisations including Centre for Indian Trade Union (CITU), Bhartiya Mazdoor Sangh (BMS) ,Indian National Trade Union Congress (INTUC) and All India Trade Union Congress (AITUC) attended the meeting.
Mukherjee, in his opening remarks, pointed out the volatile fuel prices were posing a challenge to the inflation though it has come down to 7.47 per cent in December, down from 9.11 a month ago.
He further said that "the 2008 crisis had engulfed the entire world and thereafter, the euro-zone crisis posed a serious threat to recovery and development of Europe as a whole".
Mukherjee said managing current account deficit has become difficult in view of the deceleration in export growth rate in the later part of 2011.