The indifferent response of the Government to the strike called by the United Forum of Bank Unions in the country is deplorable. There was not even an iota of effort by the Government to engage the bank unions. Even a ritualistic appeal by the government was not made this time.
The Government is making systematic attempts at privatising public sector banks. The bank employees are not fighting for extended holidays or increase in wages.
The bank unions are opposing the Khandelwal committee report that seeks to privatise the banking sector through its draconian recommendations. The need of the hour is for engagement with all major trade unions so that issues can be amicably resolveda. Will the government pay heed?
J. Anantha Padmanabhan
Tiruchirapalli
Inert on inflation
The RBI’s minutes of the Technical Advisory Committee on Monetary Policy contain interesting revelations. The members of the committee felt that the current situation in India was by far the most difficult in recent years.
Also, given the fiscal deficit, double-digit consumer price inflation and lack of credible action from the Government, the RBI needs to focus on tempering inflationary expectations.
S. Kalyanasundaram
Chennai
Keywords: United Forum of Bank Unions, bank strike, Khandelwal committee, public sector banks, Monetary Policy, RBI,
Comments:
today in the condition in which bank employee are working is due to the union only. Look out at our salary in comparision of other PSU. Look at AIR INDIA, BAIL OUT PACKAGE, LOT OF OTHER FACILITIES, A TOTALLY LOSS MAKING UNIT. ON THE OTHER HAND THESE BANK ARE GIVING A PROFIT OF THOUSAND OF CRORES. BUT WHAT IS THE SALARY. STARTING AT 10000/MONTH. AMOUNT OF WORK AND RISK NOT COMPARABLE TO ANY SECTOR.
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