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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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Rahul Gandhi attacks PM Modi after fresh Trump tariffs

Addressing the All India Congress Committee (AICC) session on the banks of the Sabarmati River on Wednesday, Gandhi warned that an “economic storm” is looming over India.

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Congress leader and Lok Sabha LoP Rahul Gandhi hit out at Prime Minister Narendra Modi on Wednesday, accusing him of yielding to pressure from US President Donald Trump regarding the imposition of tariffs, questioning Modi’s leadership and silence on critical issues.

Addressing the All India Congress Committee (AICC) session on the banks of the Sabarmati River on Wednesday, Gandhi warned that an “economic storm” is looming over India.

“Did you see the photograph of PM Modi hugging Trump? This time, Trump didn’t just hug; he ordered Modi ji to accept new tariffs without a word of protest. To distract from this, they staged a two-day drama in Parliament,” Gandhi said, taunting, “Where is the PM hiding?” He also took a jibe at Modi’s earlier “56-inch chest” rhetoric, implying a lack of assertiveness on the global stage.

Gandhi further criticized Modi’s recent meeting with Bangladesh Chief Advisor Mohammad Yunus, pointing out what he described as contradictory stances. “Yunus gives adverse remarks, yet he is sitting with him. What kind of leadership is this?” he questioned, highlighting what he sees as inconsistency in Modi’s foreign policy.

Turning to domestic issues, Gandhi strongly condemned the recently passed Waqf (Amendment) Act, calling it “anti-Constitutional” and an assault on religious freedom. “This Act is not just an attack on one community; it’s a threat to the freedom of religion itself,” he warned, alleging that the BJP and RSS have broader designs.

Citing an article in an RSS-affiliated magazine, he claimed that after targeting Muslims, the BJP-RSS would soon turn their attention to the rights of Christians and Sikhs.

Gandhi also outlined the Congress party’s strategy to counter these challenges. He announced plans to empower and strengthen District Congress Committees and their leaders, positioning them as the backbone of the organization moving forward.

On the issue of social justice, he reiterated the party’s commitment to a caste census, stating, “We will break the 50 percent reservation barrier. What Telangana has done, we will do across the country.”

He accused the RSS’s ideology of being fundamentally opposed to the Constitution, claiming, “They want to control all institutions in the country.” Gandhi urged party leaders to brace for a tough fight to defend the Constitution, emphasizing, “They have all the resources, but we have truth and the love of the people on our side.”

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India News

Nightclub roof collapse in Dominican Republic: Toll crosses 114

As concrete slabs crashed down, more than 114 people were killed, and many others were trapped on a packed dance floor where attendees were enthusiastically enjoying a merengue concert early Tuesday morning. Authorities reported over 255 injuries.

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The iconic Jet Set nightclub in Santo Domingo was bustling with musicians, athletes, and government officials when debris began to fall from the ceiling, landing in patrons’ drinks.

Tragedy struck with the collapse of the entire roof, claiming the lives of at least 98 individuals and injuring around 160 in one of the worst nightclub disasters in the Dominican Republic’s history. As concrete slabs crashed down, more than 114 people were killed, and many others were trapped on a packed dance floor where attendees were enthusiastically enjoying a merengue concert early Tuesday morning. Authorities reported over 255 injuries.

Among the deceased was Rubby Pérez, a beloved merengue star who had been performing just moments before the calamity. His body was recovered early Wednesday, according to emergency operations director Juan Manuel Méndez.

Rescue teams continued to search for survivors more than a day after the incident. “We will remain here as long as there are reports of missing persons,” Méndez stated.

Assistance arrived from rescue teams from Puerto Rico and Israel on Wednesday to aid local officials in their efforts.

As night fell on Tuesday, families and friends still searching for their loved ones gathered outside the club, where a guitarist played soothing melodies while they sang hymns.

Only 32 victims have been identified thus far in what is marked as one of the Dominican Republic’s deadliest disasters. Reports indicate that among the victims were a cardiologist, a government architect, a retired police officer, and the brother of the vice minister of Youth.

Also among the deceased are MLB pitcher Octavio Dotel and Dominican player Tony Enrique Blanco Cabrera, as confirmed by Satosky Terrero, spokesperson for the Professional Baseball League.

Nelsy Cruz, the Governor of Montecristi province and sister of seven-time MLB All-Star Nelson Cruz, informed President Luis Abinader about the disaster. Tragically, she called for help from beneath the rubble but later succumbed to her injuries in a hospital.

Other casualties included saxophonist Luis Solís, who was performing on stage when the roof fell, several Venezuelan bartenders, and an Army officer who left behind four daughters. Grupo Popular, a financial services firm, noted that three of its employees perished, including the president of AFP Popular Bank and his wife. Unfortunately, many more victims remain unidentified.

“I’ve searched all the hospitals and haven’t found her,” lamented Deysi Suriel, who was desperately trying to locate her friend, 61-year-old Milca Curiel, during her vacation in the Dominican Republic.

Numerous anxious relatives flocked to the National Institute of Forensic Pathology to search through lists of victims, while others scoured hospitals, clutching photos of their loved ones.

“There’s a lot of pain,” commented Senator Daniel Rivera, the former public health minister. “We must exercise patience.”

Among those desperately looking for their families was Kimberly Jones, whose godson, 45-year-old artist Osiris Blanc, and his friends were unaccounted for.

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Air India passenger allegedly urinates on fellow passenger onboard Delhi-Bangkok flight

Air India issued a statement acknowledging the incident, stating, “Air India confirms that an incident of unruly passenger behavior was reported to the cabin crew operating flight AI2336 from Delhi to Bangkok on April 9, 2025.

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Air India flight

In a disturbing incident of unruly behavior on an aircraft, a passenger on an Air India flight from Delhi to Bangkok allegedly urinated on a fellow traveler in the business class cabin on Wednesday, April 9, officials confirmed. The episode has sparked outrage and prompted swift action from both the airline and authorities.

According to reports, the incident occurred aboard Air India flight AI 2336, where the accused, seated in seat 2D of the business class, targeted a nearby passenger, who is reportedly the Managing Director of a major company. While the victim has not yet lodged a formal complaint, the accused has offered an apology for his actions, which have been widely condemned as unacceptable.

Air India issued a statement acknowledging the incident, stating, “Air India confirms that an incident of unruly passenger behavior was reported to the cabin crew operating flight AI2336 from Delhi to Bangkok on April 9, 2025.

The crew followed all established procedures, and the matter has been reported to the relevant authorities.” The airline added that, in addition to warning the unruly passenger, the crew offered assistance to the aggrieved passenger to file a grievance with officials in Bangkok, but this offer was declined at the time.

A company spokesperson further explained that the case would be reviewed by the airline’s Standing Independent Committee, which will assess the incident and decide on any potential actions against the offender. “Air India continues to adhere to the Standard Operating Procedures (SOPs) set by the Directorate General of Civil Aviation (DGCA) in handling such matters,” the spokesperson said.

Civil Aviation Minister Ram Mohan Naidu Kinjarapu assured that the government is closely monitoring the situation. “Whenever incidents of this nature occur, the Ministry takes note. We will engage with the airline, and if any wrongdoing is identified, necessary action will be taken,” he stated, emphasizing the government’s commitment to passenger safety and decorum on flights.

The incident has reignited concerns about passenger behaviour on Indian airlines, which have faced similar cases in the past.

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