SBI Sets a Bad Precedent

STATE Bank of India (SBI), the largest public sector bank in india and the largest bank in the world with regard to network, has set a bad precedent last week by announcing a steep hike in service charges on various categories and introducing certain new service charges.The announcement was that from June 1, 2017, Rs 25 will be charged for every withdrawal from ATM without allowing any mandatory free withdrawal as stipulated by the RBI. In view of huge protest from the Bank Employees Federation of India/other unions, general public through electronic and social media, SBI changed its earli

Neoliberalism and Trade Unions - I

Neoliberalism, the latest phase of capitalism was a response of the capitalist system to the crisis of the 1970s. It gained prominence since the 1980s when the USA and the UK started implementing neoliberalism by embarking upon a programme of economic restructuring. This was later imposed on the entire world through international financial institutions like the IMF and the World Bank. By the 1990s, most of the countries across the world incorporated neoliberal policies as part of their programmes.

Government Continues to Weaken Public Sector Banks

FROM the preliminary MoU signed in eleven banks, it is clear that further dilution of government holding in public sector banks is the main intention of the government of India. It is common knowledge that any dilution of the government holding in the PSBs is detrimental to the interest of the common man and is diametrically opposite to the very aim of the nationalisation.

Whose Cause RBI Top Executives are Serving?

THE public statements of governor and deputy governor of RBI advocating privatisation of public sector banks are highly deplorable.

EEFI Holds National Convention on Equal Wage for Equal Work

THE Electricity Employees’ Federation of India (EEFI) has organised a national convention on ‘Equal Wage for Equal Work’ at Mavalankar Auditorium in New Delhi on April 27, 2017.

Union Budget: Deadly Push to Privatisation

A NATIONAL convention of central public sector workers was organised in Bengaluru on January 29, jointly by CITU, AITUC, HMS, INTUC, LPF, Joint Action Front (JAF), Bengaluru, and the Coordination Committee of CPSU Unions of Hyderabad. It was attended by more than four hundred leading representatives of trade unions from all the major central public sector undertakings (CPSU) in the country.

Fight Against Privatisation of Railways: CITU

THE Centre of Indian Trade Unions, in a statement issued on January 30, has strongly condemned the steps reportedly being taken by the government to gradually privatise the Indian railways.

The Landmark Conference of BSNL Employees Union

BSNL Employees Union, the main recognised union of the Bharat Sanchar Nigam Limited, conducted its eighth all India conference at Chennai, from December 31, 2016 to January 3, 2017. 1,632 delegates and observers attended this conference. BSNL is one of the biggest public sector companies employing 2.25 lakh workers and officers.

Seventeenth Congress of the WFTU

THE 17th Congress of World Federation of Trade Unions (WFTU) was held in Durban in South Africa from October 5-8, 2016 with the slogans ‘Struggle – Internationalism – Unity’ and ‘Forward, for the attainment of the contemporary needs of the working class against poverty and wars generated by capitalist barbarism!’The Congress was hosted by COSATU (Congress of South African Trade Unions), NEHAWU (National Education Health and Allied Workers’ Unions), POPCRU (Police and Prison Civil Rights Union), CEPPWAWU (Chemical Energy Paper Printing Wood and Allied Workers’ Union) and the National Union o

Modi Govt’s Deception & Attempts of Disruption of Sept 2 Strike

This week end, on September 2 workers and employees in private sector; in central and state public sectors enterprises; banks and insurance in financial sector, state governments; several departments of central government will be on strike.Despite deferring indefinite strike, proposed from July 11 by the NJCA (National Joint Council of Action) of the central government employees based on the government’s assurance on formation of a minimum wage review committee for central government employees, several central government departments’ employees will observe September 2 strike on 12 point de

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