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Bank strike Day 2: Over 2 crore cheques worth Rs 16,500 crore held for clearance, ATMs run out of cash

The nine bank unions-led strike entered its second day, affecting the several key services across public sector banks (PSBs) on Tuesday. About 2 crore cheques worth Rs 16, 500 crore were not cleared across the country, according to the data provided by bank unions.

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bank strike

The nine bank union-led strike entered its second day, affecting the several key services across public sector banks (PSBs) on Tuesday. About 2 crore cheques worth Rs 16, 500 crore were not cleared across the country, according to the data provided by bank unions.

The All India Bank Employee Association(AIBEA) General Secretary C.H. Venkatachalam said that cheques could not be processed since branches are not accepting cheques for clearance as they are closed due to strike. On average about 2 crore cheques/instrument  worth about Rs 16,500 rupees are held up for clearance at the three national grids in Chennai, Mumbai and Delhi, he said.

On the first day, the strike saw 100 percent participation from scale I, II, III bank employees. More than 10 lakh bank employees had participated and made it a total success. Normal banking services were affected because of the strike, added AIBEA General Secretary.

In Maharashtra, around half a lakh employees of public sector banks, old generation private sector and foreign banks did not attend work which affected the banking services. Around 86 lakh cheques/ instruments worth Rs 6,500 crore were not cleared in Mumbai on the first day of strike, the bank union leaders have claimed.

Talking about their future course of action, the All India Bank Officers Association’s (AIBOC’s) General Secretary Sowmya Dutta said that if the government fails to listen to them, they will go for an even bigger, indefinite strike, on the lines of the ongoing farmers’ agitation going on since November last year. 

Several key services like deposits, cash withdrawal, cheque clearances and other business related transactions were hit. Following which banks directed their customers to use their digital modes like internet and mobile banking for transactions. Many ATMs were also out of cash.

The United Forum of Bank Unions, an umbrella body of nine bank unions of public sector banks, has called for a two-day nationwide strike which began on Monday, opposing the Centre’s  policy to privatise the public sector banks and its retrograde banking reforms.

The Union Finance Minister Nirmala Sitharaman in Budget 2021-22 had announced the privatisation of two more public sector banks as part of the Centre’s disinvestment drive to generate Rs 1.75 lakh crore. Earlier, it has privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019, and has merged 14 public sector banks in the last four years.

Read Also: Railways Minister Piyush Goyal says Indian Railways will never be privatised

All the nine bank unions, All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA), Indian National Bqank Officers’ Congress (INBOC), All India Bank Officers’ Confederation (AIBOC), Bank Employees Federation of India (BEFI),  National Confederation of Bank Employees (NCBE),  Indian National Bank Employees Federation (INBEF), National Organisation of Bank Officers (NOBO) and the National Organisation of Bank Workers (NOBW) are part of the UFBU. 

2024 Lok Sabha Elections

BJP issues show-cause notice to MP Jayant Sinha for not voting in Lok Sabha Elections

Sinha has been accused of not paying attention to his organizational duties and did not participate in the election campaigning since Jaiswal’s candidacy was announced. His absence during elections in Hazaribag Lok Sabha seat on Monday has further intensified the situation in BJP.

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BJP issues show-cause notice to MP Jayant Sinha for not voting in Lok Sabha Elections

BJP on Monday issued a show cause notice to former Union Minister Jayant Sinha for not participating in the Lok Sabha elections after Manish Jaiswal was declared candidate from the Hazaribagh Lok Sabha seat and thereby maligning the party’s image. Jayant Sinha is the son of former union finance minister Yashwant Sinha and is the sitting MP of Hazaribag. Sinha did not participate in elections in Hazaribag Lok Sabha seat.

Sinha has been accused of not paying attention to his organizational duties and did not participate in the election campaigning since Jaiswal’s candidacy was announced. His absence during elections in Hazaribag Lok Sabha seat on Monday has further intensified the situation in BJP. The notice issued on Monday requires Sinha to provide an explanation within 2 days, as per instructions from state BJP president and former Jharkhand chief minister Babulal Marandi. Sahu said further actions will depend on Sinha’s response.

Attempts were made to reach him for his comments but Sinha remained unavailable and did not respond to calls and messages. Earlier Sinha took to X and expressed his desire to shift his focus towards combating global climatic change and highlighting his attention to continue working with economic and governance issues.

In the past Hazaribag has been represented by both Yashwant Sinha and his son Jayant Sinha and holds substantial political weight in Jharkhand. In the 2019 general elections Jayant Sinha was victorious by a margin of 4.79 lakh votes and defeated Congress’s Gopal Sahu. Jaiswal whose nomination sparked controversy had earlier contested elections from the Mandu assembly seat on a JVM ticket.

 Earlier Jayant Sinha has served on India’s council of ministers from 2014 and 2019, and also as the minister of state for finance and minister of state of civil aviation. The BJP MP is also known for helping launch the UDAN regional connectivity scheme that increased the number of operational airports in India by 50% in 3 years.

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India News

PM Modi pays tribute to former PM Rajiv Gandhi on his death anniversary

On May 21, 1991, Rajiv Gandhi was killed by a suicide bomber from the Liberation Tigers of Tamil Eelam (LTTE) during an election rally in Sriperumbudur, Tamil Nadu.

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PM Modi pays tribute to former PM Rajiv Gandhi on his death anniversary

Prime Minister Narendra Modi on Tuesday paid tributes to the former Prime Minister Rajiv Gandhi on his 33rd death anniversary. Taking  to social media X, formerly Twitter, PM Modi said, on his death anniversary, his tributes to our former PM Shri Rajiv Gandhi Ji.

Earlier in the day, Congress president Mallikarjun Kharge, Sonia Gandhi, and party MP Rahul Gandhi remembered the former prime minister at Delhi’s Veer Bhumi on his death anniversary. In the national capital, other Congress leader such as P Chidambaram and Sachin Pilot, also paid their tributes to the former prime minister.

Rahul Gandhi wrote a post in memory of his late father in which he referred to his father’s dreams as his own. Rahul also uploaded a picture of himself and his father from when they were younger, in which Rajiv Gandhi is seen keeping his hand on Rahul’s shoulders. Rahul stated in the post that his father’s dreams are his dreams, and his father’s aspirations are his responsibilities. His father’s memories, today and always, always remain in his heart, Rahul added.

On May 21, 1991, Rajiv Gandhi was killed by a suicide bomber from the Liberation Tigers of Tamil Eelam (LTTE) during an election rally in Sriperumbudur, Tamil Nadu. At Veer Bhumi, which is situated on the Yamuna River’s banks, he was cremated.

India observes National Anti-Terrorism Day on May 21st of each year to pay tribute to the former Prime Minister.

He was campaigning for his political party, the Congress, in Sriperumbudur, Tamil Nadu, when a lady from the Liberation of Tamil Tigers Eelam (LTTE) terrorist squad killed him in a suicide explosion in 1991. Following the death of his mother Indira Gandhi in 1984, Rajiv Gandhi assumed the role of India’s youngest prime minister. From 1984 to 1989, he served as the Prime Minister.

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2024 Lok Sabha Elections

Voter turnout of 56.68% recorded till 5pm in 5th phase of Lok Sabha elections

Elections are being held in 49 constituencies across eight states and Union Territories in the fifth phase of Lok Sabha elections 2024.

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A voter turnout of 56.68 % was recorded in phase 5 till 5 pm as per the Election Commission’s Voter Turnout App, with the highest voting percentage in West Bengal (73 %) and the lowest in Maharashtra (48.66 %). Lok Sabha elections are taking place in 49 constituencies across 8 states and Union Territories in the 5th phase of Lok Sabha elections 2024.

Voter turnout of 56.68% was recorded till 5pm. The breakup is as follows: J&K: 54.21%, Bihar: 52.35%, Ladakh: 67.15%, Jharkhand: 61.90%, Maharashtra: 48.66%, UP: 55.80%, Odisha: 60.55% and West Bengal: 73%. The fate of 4 Union ministers, including Rajnath Singh and Smriti Irani, as well as Congress leader Rahul Gandhi will be decided in the ongoing Lok Sabha election. Former UP CM Mayawati, BJP’s Rae Bareli candidate Dinesh Pratep Singh, Smriti Irani were among the early voters today who cast their vote in the morning.

 The Lucknow East Lok Sabha seat will also hold a bypoll on the same day. The Lok Sabha seats which are participating in this phase include Rae Bareli, Mohanlalganj, Jalaun (SC), Amethi, Hamirpur, Jhansi, Banda, Kaushambi (SC), Fatehpur, Faizabad, Barabanki (SC), Gonda  and Kaisarganj. The candidates also include and minister of state of consumer affairs Sadhvi Niranjan Jyoti (Fatehpur) and minister of state for housing and urban affairs Kaushal Kishor (Mohanlalganj). Rahul Gandhi is contesting from Rae Bareli Lok Sabha seat which was previously held by his mother and former Congress president Sonia Gandhi.

 The total number of voters expected to cast their vote in this phase is over 2.68 crore voters, with 144 candidates looking for their support. 11 BJP incumbent Lok Sabha MPs are contesting in this phase, while nominating new candidates in Kaisarganj and Barabanki (SC) Lok Sabha seats.

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