Options for the fifth sector: a discussion of the workers' sector proposal

Abstract

In Lok Sabha a proposal to create a "Fifth Sector" by investing the funds accumulated under the compulsory deposit scheme (CDS). In the proposed fifth sector the government hopes to create a genuine workers sector in line with its objectives of greater worker participation. The Finance Minister has stated that the compulsory deposits of workers could be invested in public and private undertakings yielding a good rate of profit.