Press Statement Of M.Raghavaiah,NFIR General Secretary on General Budget
Finance Minister Arun Jaitley’s Budget (2016-17) failed to address the genuine aspirations of working class.
- The Income Tax Exemption limit for serving and retired Central Government employees has not beenrevised.
- The Fixed Medical Allowance for Retired Central Government employees has not been raised to Rs. 20001- p.m. from the existing Rs. 500/- p.m., resulting continued hardship to Retired Central Government employees who live in remote places and small towns where medical facilities not provided.
- The Finance Minister has not spoken on the employees’ demand for abolition of New Pension Scheme.
- It is sad to note that the Finance Minister has not given assurance for reviewing the retrograde recommendations of 7ft Central Pay Commission although he said that a Committee has been constituted.
The Workers’ of Government Sector, Private as well Unorganized Sectors are disappointed over the Budget announcements.
M. Raghavaiah, General Secretary, NFIR has urged upon the Prime Minister to accept Railway Minister’s proposal sent in November, 2015 and see that Railway Employees are exempted from New Pension System.