MNC submits memorandums to PM, Union Finance Minister

National Mazdoor Conference (NMC) submitted the memorandums of demands to Prime Minister Dr. Manmohan Singh, UPA Chairperson Ms Sonia Gandhi and Finance Minister Sri P Chidamabaram in New Delhi.

Demands projecting by NMC Chief Subash Shastri in the memorandums including constitution of 7th pay commission, immediate merger of 50 percent DA into basic pay/pension, grant of 20 percent interim relief to the salaried class across the country till the implementation of the recommendations new pay commission, raising income tax exemption limit to Rs five lakh, and enhancing the monthly wages of daily rated workers to Rs ten thousand.

In the memorandums Shastri stressed Union Finance Minister to raise the income Tax exemption limit From Rs two Lakh to Rs 5 Lakh and total exemption of DA from income tax limit, the salaried class feel that this gesture will increase purchasing power and stimulate demands.

Other demands emphasized in the memorandums mentioned included granting B-1 status to Jammu and Srinagar cities.

Shastri said that the demands highlighted in the memorandums would be major issue during the forthcoming election of Lok Sabha as these pertain to crore of Central and state government, employees and pensioners and their families which constitute a large chunk of voters.