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One million bank staff strike against privatisation of Public Sector Banks

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All India Bank Strike

Deposit and withdrawal in bank branches, cheque clearance, NEFT and RTGS transactions will be affected 

Services at public sector banks (PSBs) has been hit today as all the unions under the aegis of United Forum of Bank Unions (UFBU) have observed one day strike to protest against the privatisation of PSB’s, and their merger and consolidation. However, the private sector banks such as ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank will continue to function normally except delays in cheque clearance.

Deposit and withdrawal in bank branches, cheque clearance, NEFT and RTGS transactions will be affected. “Around 40 lakh cheque clearances worth Rs 22,000 crore would be impacted due to the strike”, said General Secretary of AIBEA  C.H. Venkatachalam.

But, the critical operations like data centers will remain open to facilitate online transactions.

Besides opposing the government’s consolidation move, the other demands by the unions include not to write off bad loans, and to declare willful default of bank loans as a criminal offence. Notably, Gross bad loans of Indian banks rose over 24 percent year-on-year to Rs 779000 crore at the end of June 2017. Of this, Rs 683000 crore belongs to public sector banks.

United Forum of Bank Unions (UFBU) is an umbrella body of nine unions, including All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW).

“Nearly one million bank employees across all 21 public sector banks are on strike today,”added Venkatachalam.

The Indian Banks’ Association (IBA) has already informed customers that the functioning of branches and offices will be affected due to the strike. It has also asked the banks to take measures in advance to minimise the impact.

Citing the reason, AIBOC General Secretary D T Franco said, “As the conciliation meeting before the Chief Labour Commissioner failed, unions are left with no other option but to go on strike. There was no assurance from the government and the management of banks.”

“All attempts to hammer out solutions to the demands raised by the unions yielded no result and hence, UFBU decided to proceed with the proposed strike on August 22,” Franco added.

NOBW Vice-President Ashwini Rana said, the government should provide overtime for additional work during demonetisation. He also suggested that banks should not pass on the burden of corporate  Non-Performing Assets (NPAs) to bank customers by hiking charges.

NPA basically refers to a classification of loans on the books of financial institutions that are in default or are in arrears on scheduled payments of principal or interest. In most cases, debt is classified as nonperforming when loan payments have not been made for a period of 90 days.

In India, 21 PSB’s such as State Bank of India, Punjab National Bank, Bank of Baroda control 75 percent of the total business.

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Luthra brothers booked Thailand tickets as Goa nightclub burned, probe reveals

Investigators say Saurabh and Gaurav Luthra booked Thailand tickets while emergency teams battled the Goa nightclub fire that killed 25 people, sparking deeper scrutiny of their actions.

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Investigators probing the Goa nightclub fire that claimed at least 25 lives have uncovered crucial digital evidence showing that owners Saurabh and Gaurav Luthra booked their Thailand tickets while emergency teams were still battling the blaze at the Arpora establishment.

According to officials, the brothers logged into the MakeMyTrip platform at 1:17 am on December 7, even as rescue teams were attempting to save people trapped inside the burning nightclub. Hours later, immigration records confirmed that they boarded IndiGo flight 6E 1073 from Delhi to Phuket, departing at 5:30 am.

Transit bail plea in Delhi court

The Luthras’ anticipatory transit bail application came up before the Rohini Court on Wednesday. The plea sought four weeks’ protection from arrest, besides interim relief to facilitate their return from Thailand without immediate detention.

Meanwhile, co-owner Ajay Gupta—earlier untraceable and placed under a Look Out Circular—was taken into custody in Delhi and produced before a magistrate. Goa Police are expected to fly him back for further questioning. Another co-owner, Surinder Kumar Khosla, is also under an LOC.

SIM card issued in ex-driver’s name

Investigators found that the mobile number used by the Luthra brothers was linked to a SIM card issued in the name of Ram Hari Singh, a former driver of the family. When a media team visited the address associated with the number, Singh was not present.
He later stated that he had worked for Siddharth Luthra until the COVID-19 lockdown in 2020 and had no contact with the family for five years, adding he was unaware that any SIM existed in his name.

Missing luxury vehicles, deserted Goa home

Sources said the family previously owned three vehicles until 2020, but by the time the brothers fled, they reportedly had more than four luxury cars, all of which are now untraceable. Police are probing whether the vehicles were moved deliberately before their departure.

The Luthras’ recently built house in Goa—constructed at significant cost—has remained locked since the fire incident. Only a dog was found inside when authorities visited the property.

An Interpol Blue Corner Notice remains active against both brothers as the investigation continues.

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Shashi Tharoor declines Veer Savarkar award, questions handling of organisers

Shashi Tharoor declined the Veer Savarkar International Impact Award, criticising organisers for announcing his name without consent and citing absence of clarity about the honour.

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Congress MP Shashi Tharoor has declined the Veer Savarkar International Impact Award 2025, taking a sharp swipe at the organisers for announcing his name without prior consent. Tharoor said he was neither informed about the honour nor provided clarity on the nature of the award or the organisation presenting it.

Tharoor cites lack of clarity, calls announcement ‘irresponsible’

Tharoor said he first heard about the award through media reports while he was in Kerala. Responding to questions on whether he would attend the ceremony, he made it clear that he had not agreed to receive the award at any stage.
He later reiterated online that without details about the award or the NGO behind it, “the question of attending or accepting it does not arise.”

The award — instituted by the High Range Rural Development Society (HRDS) — was to be presented at an event inaugurated by Defence Minister Rajnath Singh in Delhi. Tharoor was named the inaugural recipient.

Calling out the organisers, he said it was “irresponsible” to publicise his name without confirmation.

Congress leaders term award unacceptable

Senior Congress leader K Muraleedharan said that no party member should accept an award named after Veer Savarkar, arguing it would “embarrass the Congress.”
The BJP and its ideological allies regard Savarkar as a revolutionary figure, while the Congress has consistently questioned his legacy.

Tharoor, however, refrained from commenting on Savarkar, though his refusal indicates a line he is unwilling to cross despite recent tensions with his party.

Recent remarks kept Tharoor in spotlight

Tharoor has lately drawn attention for comments perceived as critical of Congress functioning, including his remarks about disruptions in Parliament. Yet, he said he remains committed to the party.
“I went to great trouble to get elected… it would take considerable thought to be anything else,” he told media recently.

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Amit Shah, Rahul Gandhi clash in Lok Sabha as debate on electoral reforms turns heated

A fiery confrontation broke out in the Lok Sabha as Amit Shah and Rahul Gandhi clashed over voter list irregularities, historical allegations, and the Special Intensive Revision process, leading to an Opposition walkout.

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Amit Shah

Union Home Minister Amit Shah and Leader of the Opposition Rahul Gandhi were locked in a sharp confrontation in the Lok Sabha during the ongoing debate on electoral reforms. The exchange intensified when Gandhi challenged the Home minister to engage in a direct debate over his press conferences alleging irregularities in voter lists.

Shah counters allegations over voter rolls

During his address, Amit Shah criticised the Opposition for raising doubts about existing voter lists while simultaneously objecting to the Special Intensive Revision (SIR) process. He remarked that concerns over voter rolls often emerged only when the Opposition performed poorly in elections. Taking aim at Gandhi’s earlier briefings on alleged discrepancies—one of which had been described as a “Hydrogen Bomb”—Shah accused certain political families of practicing “generational vote theft”.

As Gandhi intervened, demanding Shah explain the immunity provided to Election Commissioners and challenging him to debate the content of his press conferences, the Home minister firmly stated that Parliament would not run as per Gandhi’s directions and that he would decide the order of his responses.

Rahul Gandhi accuses Home minister of avoiding key questions

Unconvinced by Shah’s reply, Gandhi labelled the minister’s remarks “defensive and fearful”. Shah responded that he would not be provoked and asserted that “vote theft” happens when electoral mandates are overturned.

Attack on Nehru-Gandhi family escalates tensions

Amit Shah intensified his criticism by invoking historical examples. He claimed the first instance of “vote theft” occurred during the selection of India’s first Prime Minister, alleging that Sardar Vallabhbhai Patel had secured more votes than Jawaharlal Nehru from provincial Congress units. Shah also referenced the 1975 court verdict that struck down Indira Gandhi’s election from Rae Bareli, calling the events that followed a major attempt at “vote theft”.

He further mentioned a court case alleging that Sonia Gandhi had cast a vote before becoming an Indian citizen—a point immediately contested by Congress MPs.

Opposition walks out after EVM, SIR remarks

Shah asserted that the Opposition’s objections to Electronic Voting Machines and resistance to SIR were attempts to retain ineligible names, including illegal immigrants, on voter lists. This led to a walkout by Opposition MPs.

Outside Parliament, Gandhi reiterated that the minister had not addressed core issues such as transparency in voter lists, clarity on the EVM architecture, or the evidence he presented in his press conferences.

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