labels: economy - general, governance, union budget 2004
Trade unions to meet on Monday to discuss budget news
Our Economy Bureau
09 July 2004

New Delhi: Expressing disagreement over many of the proposals in the union budget, mainly the hike in FDI limit in aviation, telecom and insurance sectors and the five per cent stake sale in NTPC, central trade unions are likely to meet on Monday to discuss the outcome of Budget.

The meeting would also take up issues regarding the lower interest rates offered to small savings, PPF, GPF and SDS.

"We are not in agreement with many of the proposals in the Union Budget," CITU president MK Pandhe said, speaking to the news agency PTI.

He said the unions would also oppose the five per cent stake selling by government in NTPC.


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Trade unions to meet on Monday to discuss budget