UFBU To Launch Nationwide Agitation To Oppose Proposed Privatisation Of Public Sector Banks

A meeting of United Forum of Bank Unions was held at Hyderabad today (Tuesday). The meeting took note of the continuing agitation by the farmers against the Farm Laws enacted by the Government expressed its solidarity with their struggle. The meeting adopted a Resolution urging upon the Government to reconsider their standpoint and find amicable solutions to the demands of the farmers.

The meeting also took note of the hurry with which the Government wants to go ahead with implementation of the new Labour Codes in which many existing labour rights have been diluted or taken away. The meeting urged upon the Government to restore all the existing hardwon rights of the workers. The meeting discussed 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. The meeting observed that all these measures are retrograde and hence need to be protested and opposed.

After deliberations, the meeting decided that intensive struggle programmes and agitational actions have to be launched to fight back these policies of the Government. Accordingly the following call has been given:

February 19 , 2021 : Day long Dharna in all State Capitals

February 20 to March 10 : Relay Dharnas in all States/Districts/Towns 

March 15 and 16, 2021 : 2 Days strike