PANAJI
The Goa Bank Employees’ Association has extended support to the United Forum of Bank Union’s call for countrywide agitation including two-day strike on March 15 and 16 against the Government’s proposal to privatise public sector banks and other banking sector reforms moves as announced in the Budget.
The UFBU has strongly opposed the various announcements made in the Budget of the Central Government regarding reform measures like privatization of IDBI Bank and two Public Sector Banks, setting up of Bad Bank, disinvestment in LIC, privatization of one General Insurance Company, allowing FDI in Insurance Sector upto 74%, aggressive disinvestment and sale of public sector undertakings, etc.
Accordingly, UFBU decided that intensive struggle programmes and agitational actions have to be launched to fight back these policies of the Government. Country-wide demonstrations, rallies, dharnas have held in the last two weeks and lakhs of people have signed on-line petition addressed to the H’ble Prime Minister urging upon him not to privatize Public Sector Banks.
The Government’s announcement to privatize our public sector banks is totally unfortunate and unwarranted. The need of the hour is to strengthen public sector Banks.
