The Hindu Business Line : Left parties to oppose PSBs merger plan

THE AITUC General Secretary and Member of Parliament, Mr Gurudas Dasgupta, said the Left parties would strongly oppose the Government's proposal to merge the public sector banks to evolve few monopoly banks.

Addressing the annual conference of the All India Bank Employees' Association (AIBEA) here on Saturday, he called for unity among trade unions to fight against the new economic policies being dictated by the World Bank.

Lashing out at liberalisation, privatisation and globalisation policies practised by the erstwhile NDA Government, he said the existing Government seems to be reasonable so far. However, he said the Government was depended on support from Left parities and their support would continue as long as the Government does not resort to anti-people policies and implemented the Common Minimum Programme. "The Government cannot take our support for granted," he said.

According to Mr Dasgupta, the liberalisation process of previous Governments had only made a section of the people Mr Dasgupta called for the AIBEA's whole-hearted support and hoped it would play a more important role in the struggle against poverty and unemployment. He said its role should not be restricted to merely achieving the bi-partite agreements with the bank managements for securing wage increases.

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