AGARTALA, Aug 22 (TIWN): Normal banking operations in public banks are in disruption on Tuesday because of a nation-wide strike to protest against the government's proposed consolidation move besides raising other demands. The strike has been called by unions under the aegis of the United Forum of Bank Unions (UFBU) has finally paralyzed the bank service here in Tripura, under the left front govt. In the name of Union forum, the bank service for a whole day has been killed by a section of Bankers. From Melarmath State Banks to other private banks also the service was totally perished due to the strike led by the forum who are however protesting with some confusing and rudderless demands against the Central Govt. Customers are heavily suffering as the strike has been called at the beginning of the week.However, thus the privatization fear has gripped the bankers so much that in the running month there have been atleast 5 protests done by the bankers.

Quite surprisingly, the CPI-M backed Bank forum has undertaken false propaganda claiming that 2008's Lehman Brothers went bankrupt due to changing American economic policy, the bankers under United forum have explained why they do not want any privatization of banks. However, whereas the Govt banks like Gramin banks are being suffered through pathetic performances per year, the united bank forums have decided marketing the Communist policy of economy at New Delhi on Sept 15 with a protest. Moreover, the united forum also to go for two days long strike in the month of November. In a press meet, United forum of Bank Union members said, "People are asking why we are going for such a massive protest when nothing is said about our salary issues. But if we remind about 2008 when above 800 banks were collapsed at Europe due to the Modified bank policies the things will be cleared"."Bank has turned a loot-business for the corporates. Already around 40 lakhs of indebts have been reported from various corporates existing in India. Instead of farmers' loan waiving, the govt is waiving corporate-loans.

Moreover, with NITI Ayog's suggestion one bill is going to be passed named Financial Resolution and Deposit Insurance  (FRDI). If this bill will pass then the  banks will go under private hands", said the Forum members.

However, the left front agitators eventhough talked against Japan, US but was silent about China's economical fall in last few years . Even in China daily they wrote that Bankruptcy cases surged in China last year, indicating growing economic stress as well as progress in the ruling Communist party's efforts to use the country's courts to deal with indebted "zombie" companies and reduce industrial overcapacity.

Amid Tripura Chief Minister Manik Sarakr's claim that 'China's Economy will be a big blow for America soon', as per the report Chinese courts accepted 5,665 bankruptcy cases in 2016, an increase of 54 per cent from the year before.

About 3,600 of those cases were resolved, with 85 per cent of the resolved cases resulting in liquidation.

“China is the only country deserves to be the ruler of the world economy”, uttered by Tripura CM. “Already China is blowing hot wave on America’s shoulder and it will defeat America in economy”, added lameduck Manik Sarkar.