Bank Strike Panaji/UNI: As part of pan-India two day strike against union government's move to privatise public sector banks and other proposals announced in the central budget, hundreds of bank employees staged a protest in the city on Monday.
Speaking to reporters, United Forum of Bank Unions (UFBU) General Secretary A M Pereira said that the UFBU strongly opposed the announcements made in the central government's budget regarding reform measures like like privatization of IDBI Bank and two Public Sector Banks, disinvestment in LIC, privatization of one General Insurance company, allowing Foreing Direct Investment (FDI) in insurance sector upto 74 per cent, aggressive disinvestment and sale of public sector undertakings.
Terming the government's announcement to privatise public sector banks totally unwarranted and unfortunate, he said need of the hour was to strengthen the public sector banks.
Pereira said the strike was planned to urge Prime Minister Narendra Modi to stop privatisation of public sector banks.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
