AITUC to support bank's strike
Source: The Sangai Express
Imphal, March 11 2021:
All India Trade Union Congress( AITUC) in a statement said that it will fully support the two days bank strike on March 15 and 16 initiated by United Forum of Bank Unions (UBFU) against the Central Government's proposal to privatise Public Sector Banks (PSBs).
AITUC expressed strong discontentment on the Government's proposal of privatising PSBs which are functioning properly in the interest of some affluent corporate houses and said that it will continue to fight against such injustice which will only increase the woes of the masses and labourers in particular.
Further AITUC alleged that the Government's plan to disinvest insurance companies under the Government likely Life Insurance Corporation of India by increasing the Foreign Direct Investment (FDI) to 74 percent is a step to privatise all the Public Sector Undertakings (PSUs) which is not called for.
Therefore AITUC will continue to stand firmly against privatising PSBs and insurance companies.