25 Sunday Jun 2017
Posted in PSU
Tags
‘Merger’ has become the most important word in the banking sector. It is only a few weeks back that the 5 associated banks and the Mahila Bank were merged with SBI, despite strong protests from the employees and their unions.
Now it is the turn of other PSU Banks. Vijaya Bank and Dena Bank is being merged with Canara Bank. The government says that mergers are necessary for creating big banks. Whether such merger will benefit the customers and workers?
01 Monday May 2017
Posted in PSU, Uncategorized
After the merger of the Associated Banks and Mahila Bank with SBI, the government is proposing to merge the Nationalised Banks. Two or three PSU Banks are planned to be merged in to one. The Finance Ministry is reported to be in serious discussion in the matter. According to the Ministry, the 21 PSU Banks have to be reduced through merger.
In this connection, the reported statement of Dy. Governor of SBI that the Nationalised Banks should be de-nationalised, hints to the diabolic thinking of the government – Merge the PSUs and privatise!
15 Wednesday Feb 2017
Posted in PSU
Tags
Despite strong opposition from the bank employees and their unions, the Cabinet has reiterated its decision today, 15th February 2017, to merge the following 5 affiliated banks with State Bank of India:
1. State Bank of Travancore
2. State bank of Mysore
3. State bank of Hyderabad
4. State Bank of Patiala
5. State Bank of Bikaner and Jaipur.
The decision of the Cabinet is to be strongly opposed since it is against the interest of the customers, the banks and the employees. This is part of the neo-liberal policy of India and intended to help the private banks. This will result in closure of many branches of the affiliated banks and retrenchment of many employees through VRS or CRS.
Our full support to the struggle of the bank employees against this anti-worker anti-PSU decision.
26 Sunday Jun 2016
Posted in General
The employees of the State Bank of Travancore (SBT) are on agitation against the decision of the Government to merge it with SBI. The government has decided to merge all its affiliated 5 banks with SBI as also the Mahila Bank. This decision is against the best interests of the bank, bank employees and the customers. Instead of discussing with the workers and settling the issues, the bank authorities have issued order prohibiting demonstrations, rallies, meetings and agitational activities near the bank premises. There is no doubt that these restrictions are engineered by the NDA government at the centre.
The working class have to fully understand the present crisis and prepare for might struggles. The 2nd September 2016 Strike called by the central trade unions against such attacks and on major demands of the working class has to be made a great success.
15 Wednesday Jun 2016
Posted in Price Rise, PSU
Though the NDA government is taking undue delay in taking decisions on the recommendations of the VII CPC, on the justified demands of the working class and also stopping the high price hike, it is moving fast with destroying the Public Sector Units. The latest is the cabinet decision to merge the 5 associated banks with the SBI, which is strongly opposed by the bank employees and the trade unions. In the name of strengthening the SBI, it is destroying the associated banks which have served the people in a big way. The merger will neither serve the interests of the SBI. Many branches will be closed and employees will be reduced.
The organisations of the Bank employees are on struggle against the fully unjustified decision of the government. Our full support and solidarity to them. We demand the government to retract from the wrong step.
06 Monday Jun 2016
Posted in General
Tags
The Finance Minster Arun Jaitely has stated that he is expecting early govt. decision on the merger of the Associated Banks with the State bank of India.The Associate banks are State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Patiala, State Bank of Mysore and State Bank of Hyderabad. Mahila Bank also will be merged.
SBI first merged State Bank of Saurashtra with itself in 2008. Two years later, State Bank of Indore was merged.
SBI has maintained since then that it would merge others as well but none of its moves fructified due to lack of capital (which was pegged at least Rs 2,000 crore each for per bank) and stiff opposition from employee unions.
The Bank Employees have strongly protested the merger move since it will neither improve the services nor improve the finance of the SBI.
24 Tuesday May 2016
Posted in Uncategorized
Shri Ashwani Lohani, CMD Air India is reported to have said that Air India started posting loss and troubles started after the merger of the two PSUs Air India and Indian Airlines. We said the same thing at that time itself. So, what we said has been confirmed by no less a person than the CMD Air India himself. Our objection to the merger of BSNL and MTNL is relevant in this context. Before any merger takes place between BSNL and MTNL, the issues we have focussed should be settled.
The government has now decided to merge the SBI Associate banks with SBI. This is nothing but destroying both SBI and its associate banks. Naturally the bank workers are opposing the same tooth and nail and one day strike has already taken place.
20 Friday May 2016
Posted in General, TU News - India, Uncategorized
Tags
The Bank workers of the Associated Banks of SBI ie. State Bank of Travancore, State Bank of Mysore, State Bank of Hyderabad, State Bank of Bikaner and Jaipur, State Bank of Patiala and Bharatiya Mahila Bank are on Strike today, 20th May 2016, against the decision of the government to merge these banks with the SBI. The merger will reduce the number of branches of these banks, reduce the number of staff and will result in loss of business. The merger is being done for the benefit of the private banks as part of the neo-liberal policy.
Support the bankmen strike against unjustified merger of associated banks with SBI!
20 Thursday Feb 2014
Posted in TU News - India
There are indications that the Central Government may approve merger of 50% DA with pay for the Central government employees. The VII CPC may consider this issue urgently. The V CPC has granted 50% Merger of DA, while the VI CPC maintained silence.
The Confederation of Central Govt. Employees and Workers has gone on strike on 12-13 February with demands including merger of DA with pay.
At present the DA for CGE is 90%. It is expected that another 10% will become due w.e.f. January 2014. In that case, the DA will reach 100%.
The government should consider merger of 100% DA itself.
13 Thursday Feb 2014
Posted in BSNLEU
The decisions of the EGoM on Revival of BSNL, the proposal for Merger of BSNL and MTNL, formation of subsidiary companies from BSNL for land assets and towers etc. are new challenges for BSNL and its two and half lakh workers. The UPA government in its last phase is taking decisions one after another, probably thinking that it will not get another chance after the election for taking these policy decisions which are in tune with the anti-worker neo-liberal policies which it has been continuing for the last many years.
The Unions/Associations in BSNL and have to seriously think about the situation and take suitable decisions to ensure that the interest of BSNL and its workers are safeguarded in addition to the interests of the Nation. The Forum of BSNL Unions / Associations will meet urgently to discuss these issues and take appropriate decisions.
