Bank privatization: bank unions in the country have taken a sensational decision against the central government's decision.
The bjp government led by prime minister Narendra Modi is set to go on a two-day strike to privatize public sector banks by introducing the banking Laws (Amendment) Bill 2021.
Bank Unions 2 Day Strike: The decisions taken by the bjp government led by prime minister Narendra Modi are becoming controversial.
Three recent agricultural laws have caused a great deal of controversy. The government retreated after more than a year of peasant uprisings against them.
It is learned that the banking unions in the country are also gearing up for another movement. Nationwide on the government's decision to privatize banksProtests are on the rise.
It is against this backdrop that the bank unions are preparing for a strike in protest of the central government's plan to privatize public sector banks by introducing the Country banking Laws (Amendment) Bill 2021.
The unions say they will hold a nationwide strike for two days. The United Forum of bank Unions has already announced that bank employees across the country will join the strike on december 16 and 17.
As part of the two-day nationwide strike on december 16 and 17, services across all banks in the country, as well as branches of the bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india, are likely to be affected, officials said.
In february this year, Finance minister Nirmala Sitharaman unveiled a special plan in parliament to privatize the state-owned public sector enterprises, citing rising debt and rising losses.
It is in this context that the privatization of two public sector banks was announced as part of a plan to withdraw investments in companies.
As part of this, it will reduce public investment in public sector banks from 51 per cent to 26 per cent.
IDBI bank has recently merged 14 public sector banks in the last four years, including its privatization. In the wake of this, the bank unions have announced that they will go on a two-day nationwide strike against the central government bill.
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