by admin | May 25, 2021 | Business, Medium Enterprise
New Delhi : (IANS) Delhi Chief Minister Arvind Kejriwal on Saturday urged the chief ministers of all states to oppose the central government’s proposal to levy excise duty on non-silver jewellery.
“I wrote to prime minister a few days back seeking roll back of excise on jewellers. Today, I wrote letters to all chief ministers urging them also to write to PM,” Kejriwal tweeted on Saturday.
Finance Minister Arun Jaitley, in his budget speech, had proposed levying one percent excise duty on non-silver jewellery.
Many jewellers and bullion traders associations have been opposing the move and have been on an indefinite strike since March 2.
“I have written to the prime minister requesting him to roll back the excise proposal. I also request you to oppose the excise duty on jewellers and write to the central government in this regard,” Kejriwal said in his letter to the chief ministers.
by admin | May 25, 2021 | Corporate, Corporate Buzz
Chennai : (IANS) The decision to strike work for four days starting March 28 by some young officers in the IDBI Bank has put even seasoned bank union leaders in a spot, who stress that there is no split in the bank officers union.
Opposing the government’s move to dilute its holding to less than 50 percent, the All India Bank Employees Association (AIBEA) and All India Bank Officers Association (AIBOA) had given a strike call on March 28.
However, a group of young officers in the IDBI Bank has called for four-day strike from March 28.
As a result, the IDBI Bank will not function for nine days since April 1 too is a holiday on account of the beginning of the new financial year.
Even the strike on March 28 did not find favour with many union leaders in the banking sector as the strike day falls on Monday following four holidays beginning from Holi and Good Friday on March 24-25.
“We make it a point to see that the strike is not called on a day preceding or following holiday (s),” a senior bank union leader told IANS on condition of anonymity.
“There is a process to be complied with before giving a strike call, like 14-day notice. Internally, the union has to discuss the matter. We found March 28 will inconvenience the public the least as there will be three working days for them to transact,” R.S. Athalye, general secretary, All India IDBI Officers Association and convenor of United Forum of IDBI Officers and Employees told IANS on Friday.
However, Athalye denied a split in the IDBI Bank officers union.
A sizeable number of officers in IDBI Bank are in their thirties and the four-day strike call seems to be a knee-jerk reaction without thinking about the repercussions.
Athalye agrees that the government’s decision to dilute its holding to less than 50 percent in IDBI Bank is a test case.
If the government reduces it’s holding in IDBI Bank successfully, it will do the same in other banks as well, he said.
“Our fight is against the government that is going against the assurances given in parliament that the public sector character of the banks will be maintained,” Athalye said.
Meanwhile, AIBEA general secretary C.H. Venkatachalam told IANS that his union has given a strike call on March 28 only in the IDBI Bank and not in other government banks.
“The strike call is only for March 28,” he reiterated.
Similarly, AIBOA general secretary S. Nagarajan told IANS that his organisation has given strike call only for March 28.
“Four days of strike seems to be premature,” he added.
He said IDBI Bank management is approaching the court to prevent the strike.
A civil court in Hyderabad in Andhra Pradesh has issued an interim injunction against the strike, Nagarajan said.
The bank management has announced that its branches would function on March 26 (Saturday) and warned of disciplinary action against those absent on that day, Nagarajan said.
Second and fourth Saturdays are public holidays for banks.
“The union has asked the management on the legality of decisions made on a public holiday. We have also asked the management as to the rationale for opening the branches on a day when clearing operations are closed,” Nagarajan said.
Senior union leaders agreed that a four-day strike call – resulting in nine days of holidays – will be counter-productive and the public will not look at their cause sympathetically.
“So what if the government banks are privatised. They have run up lakhs of crores as bad loans. The bank unions demand recapitalisation out of taxpayer’s money,” one V. Nitya told IANS.
by admin | May 25, 2021 | Banking, News
Chennai:(IANS) Employees of public sector banks and government-owned non-life insurance companies would go on strike on Wednesday to protest against the anti-trade union and worker policies of the central government, union leaders said on Tuesday.
“The strike is against the anti-labour and anti-trade union policies of the central government,” K. Govindan, joint secretary, General Insurance Employees’ All India Association (GIEAIA), told IANS.
According to him, the unions in the non-life insurance sector are demanding early conclusion of wage negotiations, finalisation of the promotion policy and scrapping of outsourcing etc.
“There are increasing attacks on the rights and privileges of workers and concessions are being extended to the employers in our country,” C.H. Venkatachalam, general secretary, All India Bank Employees’ Association (AIEBA), said.
“There are open attempts to amend labour laws in favour of the employers and to the detriment of the workers. The neo-liberal economic policies are only aggravating the problems of the workers and common masses,” he added.
He said 14 unions in the banking sector have given a call for the September 2 strike.
Venkatachalam said in the banking sector, there are continuous attempts to push through the reforms agenda aimed at privatisation of banks, consolidation and merger of banks and others.
“More and more private capital and foreign direct investments are being encouraged. Private sector companies are being given licences to begin banking business,” he said.
According to him, Regional Rural Banks are sought to be privatised and a bill has been passed in parliament despite protests from employee unions.
