Discussion on many issues in UFBU meeting
In 2019, the central government has privatized IDBI Bank by selling it to Majestic Stake LIC. Apart from this, 14 state-owned banks have also been merged in the last four years. During the meeting on Tuesday, the UFBU decided that all organizations of banks will protest against the decision of privatization by taking a 2-day strike from March 15. All India Bank Employees Association General Secretary CH Venkatachalam said that the decision was taken during the meeting after discussing important issues like privatization of LIC and a general insurance company, approval of 74 per cent FDI in the insurance sector.
read this also- Gold Price Today: Good gains in gold, but silver price cheaper, see today’s new prices quickly
Privatization on employees fear bad effects
During the discussion in the UFBU meeting, it was found that the decisions taken by the central government regarding privatization will have a bad effect on the employees. Therefore, it is necessary to oppose them. After this, banks’ strike was called on 15 and 16 March. Explain that UFBU includes All India Bank Employees Association (AIBEA), All India Bank Officers Confederation (AIBOC), National Confederation of Bank Employees (NCBE), All India Bank Officers Association (AIBOA) and Bank Employees Confederation of India (BEFI). Huh. Apart from this, the main organization also has INBEF, INBOC, NOBW and NOBO.