DNA Special: Why privatisation is a bone of contention between banking unions and government
The main reason for the strike is privatisation of public sector banks and bank unions are opposed to it.
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Updated: Mar 17, 2021, 06:59 AM IST
With nearly 10 lakh bank employees on a strike opposing the privatization of the country s public sector banks, we at Zee News feel it is our duty to make their voices heard.
The two-day strike was called on behalf of the United Forum of Bank Unions, a group of nine organizations of banks and as per reports, nearly 10 lakh bank employees participated in the strike.
Bank strike: Cheques worth Rs 16,500 crore stuck
Bank strike: Cheques worth Rs 16,500 crore stuck
Last Updated: Wed, Mar 17th, 2021, 10:21:28hrs
Chennai: The two-day nationwide strike called by the United Forum of Bank Union in protest against privatisation of the government banks began on Monday.
The leader of a major union claimed total success impacting the clearance of two crore cheques/instruments worth about Rs 16,500 crore. On an average, about 2 crore cheques/instruments worth about Rs 16,500 crore are held up for clearance. Government treasury operations and all normal banking transactions have been affected, C.H. Venkatachalam, General Secretary, All India Bank Employees Association (AIBEA) said.
Cheque Books & Passbooks Of These Banks Will Become Invalid From April 1: All You Need To Know indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
LIC employees strike today
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Nationwide protest against Centre’s proposal to divest stake in the insurance major
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Nationwide protest against Centre’s proposal to divest stake in the insurance major
Employees of the Life Insurance Corporation of India (LIC) will go on a nationwide strike on March 18 opposing the Centre’s proposals to divest stake, through an initial public offering, in the insurance major, privatise one general insurer and enhance FDI limit, in the insurance industry, from 49% to 74%.
The All India Insurance Employees’ Association (AIIEA) said it has called for the strike with other trade unions in the industry against the three proposals since they were not in the interest of the insurance industry, the country’s economy and people.
One million Indian bank employees join two-day national strike against privatisation
About one million public sector bank workers joined a two-day national strike on Monday and Tuesday against the plans by Prime Minister Narendra Modi’s government for mergers and privatisations of state banks. Striking workers held protests in several cities across India.
The two-day action is part of a growing wave of class and other social struggles in India and internationally. Tomorrow, workers in public sector insurance companies will join a strike against privatisation. Tens of thousands of farmers are in continuous protests against the government’s pro-agribusiness farm laws, camping at various sites on the outskirts of Delhi since November 26.