TIWN Dec 15, 2021
Chennai, Dec 15 (TIWN) Banking operations in India will be affected on December 16-17 with about 10 lakh bank employees going on strike to protest privatisation of government banks.
The strike call was given by the United Forum of Bank Unions, an umbrella body of nine unions in the banking sector. All India Bank Employees' Association General Secretary C.H. Venkatachalam said that at the conciliation meeting held in Delhi on Wednesday, where representatives of Indian Banks' Association (IBA) and the Finance Ministry were also present, the unions reiterated that they would defer the strike if the Central government assures them that it would defer the introduction of Banking Laws (Amendment) Bill 2021 in Parliament. 'The government could not give any such assurance to us and hence the two day strike stands,' he said. 'The strike is to defend and preserve public sector banks and oppose privatisation of Banks,' he added.
- With April series having expired, expect markets to turn volatile
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report