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Bank strike: 10 lakh employees join protest, services to be hit

Several key banking services will be affected on March 15, and March 16 in India as the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions

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Several key banking services will be affected on March 15, and March 16 in India as the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, has called for a two-day nationwide strike against the privatisation of Public Sector Banks and retrograde banking reforms.

More than 10 lakh banks and employees of various Public Sector Banks are participating in the nationwide strike. While the Private banks such as ICICI Bank, HDFC Bank, Axis Bank, and Kotak Mahindra Bank, among others will remain functional as usual.

The two-day nationwide strike will lead to a four-day-long break in the regular banking operations, noting banks remained closed on March 13(second Saturday) and March 14(Sunday). Due to the strike, there would be major disruptions in key banking services like deposits, withdrawals, loan approvals, check clearances, among others. However, the ATM services are likely to remain available as usual.

The strike comes after Union Finance Minister Nirmala Sitharaman, while presenting the Budget 2021-22 on February 1, had announced the privatisation of two public sector banks, apart from IDBI Bank, as part of the Centre’s disinvestment drive to generate Rs 1.75 lakh crore.

Although the Finance Minister did not mention any names, reportedly the four banks Bank of Maharashtra, Indian Overseas Bank, Central Bank of India, and Bank of India could be on the shortlist. The actual privatisation process may take around 5-6 months to start, said the sources.

Also Read: Nandigram accident: EC removes Mamata Banerjee’s security-in-charge, suspends SP, transfers DM over poor security arrangements

All the nine bank unions, All India Bank Officers’ Confederation (AIBOC), All India Bank Employees Association (AIBEA), Indian National Bank 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) will take part in the strike called by the UFBU. 

Besides bank unions, all the unions in four General Insurance Companies have called a strike against the privatization of public companies on March 17.  All the unions in LIC are on strike on March 18. 

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DU VC Prof Yogesh Singh entrusted with additional charge of AICTE Chairman

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Prof. Yogesh Singh, Vice Chancellor of the University of Delhi, has been entrusted with the additional charge of the post of Chairman, AICTE till the appointment of a Chairman of AICTE or until further orders, whichever is earlier.

It is noteworthy that AICTE Chairman Prof. TG Sitharam was relieved of his duties after his term ended on December 20, 2025. According to a letter issued by the Ministry of Education, Government of India, on Monday, Prof. Yogesh Singh’s appointment is until the appointment of a regular AICTE Chairman or until further orders whichever is earlier.

Prof. Yogesh Singh is a renowned academician with excellent administrative capabilities, who has been the Vice-Chancellor of University of Delhi since October 2021. He has also served as the Chairperson of the National Council for Teacher Education. In August 2023, he was also given the additional charge of Director of the School of Planning and Architecture (SPA).

Prof. Yogesh Singh served as the Vice-Chancellor of Delhi Technological University from 2015 to 2021; Director of Netaji Subhas Institute of Technology, Delhi from 2014 to 2017, and before that, he was the Vice-Chancellor of Maharaja Sayajirao University, Baroda (Gujarat) from 2011 to 2014. He holds a Ph.D. in Computer Engineering from the National Institute of Technology, Kurukshetra. He has a distinguished track record in quality teaching, innovation, and research in the field of software engineering.

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Goa nightclub fire case: Court extends police custody of Luthra brothers by five days

A Goa court has extended the police custody of Saurabh and Gaurav Luthra, owners of the nightclub where a deadly fire killed 25 people, by five more days.

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Luthra brothers

A court in Goa on Monday extended the police custody of Saurabh Luthra and Gaurav Luthra, the owners of the Birch by Romeo Lane nightclub, by five more days in connection with the deadly fire incident that claimed 25 lives on December 6.

The order was passed as investigators sought additional time to question the two accused in the case linked to the blaze at the Anjuna-based nightclub.

Owners were deported after fleeing abroad

According to details placed before the court, the Luthra brothers had left the country following the incident and travelled to Thailand. They were subsequently deported and brought back to India on December 17, after which they were taken into police custody.

Advocate Vishnu Joshi, representing the families of the victims, confirmed that the court granted a five-day extension of police custody for both Saurabh and Gaurav Luthra.

Another co-owner sent to judicial custody

The court also remanded Ajay Gupta, another owner of the nightclub, to judicial custody. Police did not seek an extension of his custody, following which the court passed the order, the victims’ counsel said.

The Anjuna police have registered a case against the Luthra brothers for culpable homicide not amounting to murder along with other relevant offences related to the fire incident.

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Delhi High Court issues notice to Sonia Gandhi, Rahul Gandhi in National Herald case

Delhi High Court has sought responses from Sonia Gandhi and Rahul Gandhi on the ED’s plea challenging a trial court order in the National Herald case.

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The Delhi High Court has sought responses from Congress leaders Sonia Gandhi and Rahul Gandhi on a petition filed by the Enforcement Directorate (ED) in connection with the National Herald case. The petition challenges a trial court order that refused to take cognisance of the agency’s prosecution complaint.

Justice Ravinder Dudeja issued notices to the Gandhis and other accused on the main petition, as well as on the ED’s application seeking a stay on the trial court’s December 16 order. The high court has listed the matter for further hearing on March 12, 2026.

The trial court had ruled that taking cognisance of the ED’s complaint was “impermissible in law” because the investigation was not based on a registered First Information Report (FIR). It observed that the prosecution complaint under the Prevention of Money Laundering Act (PMLA) was not maintainable in the absence of an FIR for a scheduled offence.

According to the order, the ED’s probe originated from a private complaint rather than an FIR. The court further noted that since cognisance was declined on a legal question, it was not necessary to examine the merits of the allegations at that stage.

The trial court also referred to the complaint filed by BJP leader Subramanian Swamy and the summoning order issued in 2014, stating that despite these developments, the Central Bureau of Investigation (CBI) did not register an FIR in relation to the alleged scheduled offence.

The ED has accused Sonia Gandhi, Rahul Gandhi, late Congress leaders Motilal Vora and Oscar Fernandes, Suman Dubey, Sam Pitroda, and a private company, Young Indian, of conspiracy and money laundering. The agency has alleged that properties worth around Rs 2,000 crore belonging to Associated Journals Limited (AJL), which publishes the National Herald newspaper, were acquired through Young Indian.

The agency further claimed that Sonia and Rahul Gandhi held a majority 76 per cent shareholding in Young Indian, which allegedly took over AJL’s assets in exchange for a Rs 90 crore loan.

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