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Strike on 12.12.2012 – Press Statement issued by Confederation
The Central Government employees throughout the country are agitated over the Government’s fresh move to enact the PFRDA Bill in this session of the Parliament. It is surprising that even after the uncontested findings of the Committee set up by the Government that the new Contributory Pension Scheme will only increase financial outflow for the Government and the beneficiaries also stand to lose heavily on account of it, the Government has chosen to go ahead with the New Scheme. The recent decision of the Government to allow FDI in pension sector will only further help the transnational corporation to access to the hard earned savings of the Indian Common people to maximise their profit.