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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.

India News

Sunita Kejriwal, Atishi meet Arvind Kejriwal in Tihar jail, discuss Delhi governance

AAP had earlier accused the Tihar jail administration of cancelling Sunita Kejriwal’s meeting with Arvind Kejriwal.

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Delhi Chief Minister’s wife Sunita Kejriwal and AAP minister Atishi met Arvind Kejriwal in the Tihar Jail today. After their meeting, both dicussed the specifics of their meeting with CM. They said that the jailed CM was asking about the Delhi governance matter.

Kejriwal is expected to see Punjab Chief Minister Bhagwan Mann tomorrow.

Atishi, who is in charge of six departments in the Delhi Cabinet, said, she visited with the Chief Minister. When she asked how he was doing, he skipped answering her, rather he asked how the work is going in Delhi. He said, not to ask about his condition. During their meet, the Delhhi CM also asked about the school kids that are they getting books? Does Mohalla Clinic have access to medications? Atishi continued.

The Chief Minister said that as summer is approaching, Delhi shouldn’t have any water-related issues. He sent a message to the women of Delhi, saying he is planning to give them Rs 1000.

The Aam Aadmi Party had earlier claimed that Kejriwal’s wife, Sunita Kejriwal, was not allowed to see him. However, in a statement, Delhi minister Atishi said that Sunita Kejriwal will see her husband later on in the day and that two people were granted permission, but Sunita ji’s was cancelled. Athishi said, every day, new laws are enacted, she did not have permission, but when their lawyers won this legal battle, she was permitted to see Kejriwal.

AAP’s campaign for the Lok Sabha in the national capital and other states will be led by Mrs. Kejriwal, the party said. The campaign kicked off with a roadshow to support AAP’s candidate for East Delhi, Kuldeep Kumar. This is the first time that Mrs. Kejriwal has entered the political sphere actively.

Party leader Sanjay Singh asserted last week that Atishi’s name was added to the list of visitors for Mr. Kejriwal following the name of Delhi Health Minister Saurabh Bharadwaj.

Meanwhile, in the Delhi Liquor Policy case, Arvind Kejriwal was taken into custody in March. On March 21, the Enforcement Directorate (ED) detained him in connection with a money laundering case. In the same case, Manish Sisodia, his former deputy, is jailed.

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FIR filed against YouTube channel in Punjab for defaming AAP MP Raghav Chadha

The case was filed on the complaint of the son of an AAP candidate from the Ludhiana Lok Sabha seat.

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A First Information Report (FIR) has been filed by Punjab Police against a YouTube channel for allegedly linking Aam Aadmi Party (AAP) MP Raghav Chadha to wanted man Vijay Mallya.

The AAP candidate for the Ludhiana Lok Sabha constituency, Ashok Pappi Prashar’s son, Vikas Prashar, filed a formal complaint against the YouTube station Capital TV. The complainant held the channel accountable for airing misleading and defamatory content.

The statements/contents of false videos on Capital TV channel and others shall harm the public peace and harmony…and is likely to promote enmity between different groups in the country on grounds of religion, caste, race and community, the complaint said.

In his complaint, Vikas allegedly claimed that the YouTube channel was disseminating misleading information and that it was defaming Raghav Chadha by equating him with Mallya.

Vijay Mallya fled to the UK after taking public money, and similarly, a Rajya Sabha member left for England, claiming it was for eye treatment, according to the FIR, which noted claims made by the YouTube channel.

The AAP leader will reportedly get a vitrectomy in the UK to save the retina from detaching from the eye earlier. According to the research, this disorder, which is characterized by the formation of tiny holes in the retina, is very dangerous for vision and must be treated immediately to prevent irreversible damage.

The channel referred to Chadha as a Khalistani supporter following his encounter with UK MP Preet Gill, according to the complaint.

Section 153A of the Indian Penal Code (IPC) deals with inciting religious hatred among various groups, Section 469 deals with forgeries, and Section 505 deals with making statements that could incite public disturbances.

The FIR also contains Section 66 of the Information Technology Act, which addresses offenses involving computers.

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Security forces arrest 14 Pakistani nationals with around 86 kg of drugs, worth Rs 600 crore near Gujarat Coast

The Indian Coast Guard took to X and wrote in a breathtaking overnight operation, Indian Coast Guard undertook an intelligence-based anti-narcotics operation at sea on 28 Apr 24. About 86 kg of narcotics which is worth Rs 600 crore has been apprehended along with the arrest of 14 Pakistani nationals.

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The Indian Coast Guard on Sunday announced the interception of a Pakistani vessel laden with 86 kg of narcotics valued at Rs 600 crore. Acting on intelligence, a joint operation involving the Indian Coast Guard, the Anti-terrorism Squad (ATS), and the Narcotics Control Bureau (NCB) was launched to combat drug trafficking in the area.

The operation was carried out by the agencies based on intelligence inputs received in the last few days. The Indian Coast Guard took to X and wrote in a breathtaking overnight operation, Indian Coast Guard undertook an intelligence-based anti-narcotics operation at sea on 28 Apr 24.

About 86 kg of narcotics which is worth Rs 600 crore has been apprehended along with the arrest of 14 Pakistani nationals. The operation was an epitome of inter-agency coordination wherein the Indian Coast Guard Anti-terrorism Squad and Narcotics Control Bureau  collaborated seamlessly which resulted in the successful operation.

The ships and aircraft of the Indian Coast Guard had been deployed on concurrent missions to carry out the operation. ICG ship Rajratan, which had Narcitics Control Bureau and Anti Terrorist Squad officials embarked, positively identified the suspect boat.

No amount of evasive maneuvering tactics and resistance employed by the drug laden Pakistani boat could save it from the swift and strong action of ICG ship Rajratan. This operation took place on the basis of a tip-off by the Indian Coast Guard, Narcotics Control Bureau and Gujarat Anti-Terrorist Squad in the Arabian Sea near the International Maritime Boundary Line.

The operation was the 2nd major anti-narcotics operation carried out by the security forces in the Arabian Sea in 1 month. Earlier on February 26, 5 foreign nationals were held off the Porbandar coast with 3,300 kg of narcotics, including charas. Recently a boat carrying 60 packets of drugs was seized and 6 Pakistani crew members onboard the vessel were arrested off the Gujarat coast in a multi-agency operation in March.

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