WHY BANKMEN STRIKE WORK ON 20.12.2012?

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ALL INDIA BANK EMPLOYEES’ ASSOCIATION

(Central office: Chennai)ALL  INDIA  BANK  OFFICERS'  ASSOCIATION

(Central office: Chennai)

BANK  EMPLOYEES'  FEDERATION OF INDIA

(Central Office: Kolkata)

CIRCULAR TO ALL UNITS AND MEMBERS:                                                                                 14-12-2012

Dear Comrades,

::   OBSERVE ALL INDIA STRIKE ON 20^TH DECEMBER, 2012

::   OPPOSE ANTI-PEOPLE BANKING REFORMS

Further to our earlier communications, we are happy to inform that our three organisations viz. AIBEA, AIBOA and BEFI have served the strike notice on IBA and have called upon all our unions and their members to observe All India Strike on 20^th December, 2012 to oppose the banking sector reforms which are totally unwarranted for our country. 

These reforms in the form of amendment Bill seek to reverse the clock back and hand over the public sector banking to private and corporate vested interests.   Already, a Bill has been passed sanctifying the delinquency of corporates by facilitating the conversion of bad loans as equity investment in the delinquent company.  Further amendments are being attempted to increase voting rights, quicken merger of banks, allowing banks to indulge in speculative forward contract business, etc.  The Government is also in a hurry to issue licences to the corporate houses to start their own Banks and enable them to gobble up public savings. 

Hence the strike is to protest and oppose all these anti-people reform measures and demanding the Government to retrace their steps.  We call upon all our units and members to make the strike a grand success.

Preparatory programmes like demonstrations, and also strike day rallies should be organised jointly in all States and stations with proper co-ordination.

It has been decided to exempt the units from Co-operative Banks and RRBs from participation in the strike.  However, they will join the other programmes like demonstrations, etc.

We are informed that NUBE has also given the call for strike on 20-12-2012.

With greetings,

Yours comradely,

      C.H. VENKATACHALAM     S. NAGARAJAN      PRADIP BISWAS             GENERAL SECRETARY     GENERAL SECRETARY       GENERAL SECRETARY