India : Talks fail, bank unions to strike work on Friday
The unions are opposing banking reforms
Following the failure of conciliatory moves by the Labour Commissioner, banking unions are going ahead with a nation-wide strike on Friday in support of a charter of their demands, including opposition to a set of banking reforms.
The Centre has issued directions for payment of July salaries to its employees on Thursday, the last working day of the month.
There was no meeting point between the bank unions and Union Finance Ministry representatives on the demands of the former which largely centred on restructuring of banks, steps for recovery of bad loans and pay.
Among the larger issues flagged by the unions are immediate appointment of non-workmen/officers nominee directors on the Boards of all public sector banks.
Keywords: Bank strike, banking reforms