Union Finance Minister Nirmala Sitharaman while presenting Budget 2021 said that the central government will privatize 2 public banks under the disinvestment plan. A strike by the United Forum of Bank Unions (UFBU), the main body of 9 organizations, has announced a strike against this plan of the Center.
new Delhi. The United Forum of Bank Unions (UFBU), the main body of 9 organizations associated with banks, has called for the strike of all banks across the country from 15 March 2021. Actually, banks’ organizations are against the privatization of PSBs. Actually, the Union Finance Minister Nirmala Sitharaman had announced the privatization of 2 public banks while presenting Budget 2021. He said that the privatization of both banks will be done under the Disinvestment Plan of the Central Government.
Discussion on many issues in UFBU meeting
In 2019, the central government has privatized IDBI Bank by selling it to LIC. Apart from this, 14 state-owned banks have also been merged in the last four years. During the meeting on Tuesday, the UFBU decided that all organizations of banks will protest against the decision of privatization by taking a 2-day strike from March 15. All India Bank Employees Association General Secretary CH Venkatachalam said that the decision was taken during the meeting after discussing important issues like privatization of LIC and a general insurance company, approval of 74 per cent FDI in the insurance sector.
employees is afraid of bad effects from privatization on employees
during the discussion in UFBU meeting it was found that the privatization from Central Government was found The decisions taken will have a bad effect on the employees. Therefore, it is necessary to oppose them. After this, banks’ strike was called on 15 and 16 March. Explain that UFBU includes All India Bank Employees Association (AIBEA), All India Bank Officers Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA) and Bank Employees Confederation of India (BEFI). Huh. Apart from this, the main organization also has INBEF, INBOC, NOBW and NOBO.
