Context:
Trade unions demand for increasing minimum EPFO pension 5 times to Rs 5,000 per month, immediate constitution of the 8th Pay Commission and higher taxes on super rich in the upcoming 2025-26 Budget.
Trade Unions
A trade union, also known as a labor union, is a group of workers who come together to protect and promote the interests and welfare of themselves. Trade unions are membership-based organizations that work to improve the relationship between employers and employees.
Constitutional Status
The right to form trade unions is a fundamental right in the Indian Constitution, guaranteed under Article 19(1)(c). This right includes the freedom to form associations or unions, and the right to conduct meetings and discuss problems.
- The Trade Union Act, 1926 regulates the constitution and governance of trade unions.
8th Pay Commision
The Indian Pay Commission, which is established every ten years to adjust the pay and perks of Central Government Employees (CGEs) to inflation and rising living expenses, has been attracting attention from government employees and pensioners. The 7th Pay Commission was implemented in 2016, but the 8th Pay Commission is yet to be officially announced.
