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UFBU calls two-day strike from Mar 15 to oppose proposed privatization of PSBs by Centre

Hyderabad, Feb 9 (UNI) United Forum of Bank Unions (UFBU) on Tuesday called a two-day nation-wide strike from March 15 to oppose the proposed privatization of Public Sector Banks (PSBs) by the Centre.
This was decided at the meeting of UFBU held here in which all the nine unions ----AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, INBOC, NOBW and NOBO took part.
All India Bank Employees' Association (AIBEA) General Secretary Ch Venkatachalam, who participated in the meeting, in a Circular to all Units and Members, and e-mailed to UNI said, the meeting discussed the various announcements made in the Union Budget regarding reform measures like Privatization of IDBI Bank and two Public Sector Banks, setting up of Bad Bank, disinvestment in LIC, privatization of one General Insurance Company, allowing FDI in Insurance Sector upto 74%, aggressive disinvestment and sale of public sector undertakings, etc.
The meeting observed that all these measures are retrograde and hence need to be protested and opposed.
After deliberations, the meeting decided that intensive struggle programmes and agitational actions have to be launched to fight back these policies of the Government, he said.
Mr Venkatchalam said, accordingly, a day long dharna will be held in all the state capitals on February 19, Relay Dharnas will be staged in all States/Districts/Towns from February 20 to March 10 and two-day strike on March 15 and 16.
He said further strikes will be decided looking to the developments.
The AIBEA General Secretary said the Central government’s announcement to privatise PSBs is totally unfortunate and unwarranted. The need of the hour is to strengthen public sector Banks, he added.
The AIBEA call upon all the unions and members to rise to the occasion and implement the programmes successfully.
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