INDIA: A area of community industry financial institution workers will go on a two-day hit on Aug 22-23 to demonstration against the suggested changes in the financial industry and freelancing of tasks.
The Banking Regulations Variation Invoice, 2011, which is before Parliament, contains conditions such as increasing of shareholders' voting privileges from 10 % to 26 % in private financial institutions and supersession of financial institution forums.
The United Community of Bank Labor unions (UFBU) has decided to go ahead with the two-day hit in support of its demand as the getting back together speaks called by Primary Labor Commission payment in the morning have not.
UFBU, which is an offset umbrella company of five worker unions and four official unions of state-run financial institutions in the nation, is against the suggested financial industry changes and unilateral execution of the Khandelwal panel review.
"Talks and getting back together have not. Govt and the IBA have not given any reaction to our requirements. All Indian financial institution hit appears for Aug 22 and 23," said Ashwani Rana, Assistant General, Nationwide Organisation of Bank Workers (NOBW), a affiliate of UFBU.
He further said, "Nine unions and vice-president of Native indian Banks Organization (IBA) were present in the conference. The government and IBA are not hearing to our requirements. We are required to go on hit."
Meanwhile, Native indian Bank in a processing to the Bombay Stock Exchange said: "A area of the lender's workers may take part in the suggested hit...in which case, the normal performing of branches/offices of the lender may get affected."
There are about 87,000 workplaces of community industry financial institutions across the nation. The state-owned loan companies control about 75 % financial business.
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