The Hindu Business Line : Left will `win' the fight against PSB mergers

THE General Secretary of the All India Trade Union Congress (AITUC) and Member of Parliament, Mr Gurudas Dasgupta, said that the Left would win the fight against disinvestments of the Government's share in and the merger of public sector banks.

Inaugurating the `Tarakeshwar Chakraborti Memorial Endowment' on Tuesday , Mr Dasgupta said, "The change of Government at the Centre has not led to any change in policy." The Government had failed to keep its electoral promises. "There is no option before the trade unions but to take up the challenge," he said.

The endowment has been set up by the All India Bank Employees Union (AIBEU) in the memory of Tarakeshwar Chakraborti, who was its leader for many years, in collaboration with the University of Madras. The AIBEU has paid the university Rs 2 lakh and the university will organise memorial lectures every year.

Mr Dasgupta said that while a "grave situation confronts the trade union movement of the country," trade unionism was reviving the world over. Pointing to the recent rejection of a common constitution for the European Union by voters in France and the Netherlands, Mr Dasgupta observed that the working class and the self-employed in those countries had voted against globalisation.

He also pointed to the strikes in Pakistan and the paper workers in Finland to stress that trade unionism was still vibrant in the world. Mr Dasgupta added that unions would oppose the proposed pension reforms and any change in the Industrial Disputes Act.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee recovers; bond prices fall

LIC to expand portfolio of mid-cap companies

LIC Madurai division collects Rs 122 cr as first premium income

10-year yields poised for 7.5 pc

FDI computation: Foreign stake no bar on PSBs' investment in telecom cos

Reliance Info, SBI in pact for bill payment

Central Bank pays Rs 35 cr to Govt

`SMEs may be hit if interest rate cap on export credit is hiked'

No prior RBI nod needed for global debit cards

Left will `win' the fight against PSB mergers

Gupta wants to raise PNB's market share to 7.5 pc