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Public sector bank unions decide to join national strike called on Jan 8 Workers from both the organised and unorganised sector are expected to participate in this strike Current Affairs :Bank associations have chosen to join the national general strike which has been approached January 8, 2020. The strike has been brought in challenge the focal govt’s work arrangements and banking changes, said the associations. Focal Trade Unions viz. INTUC, AITUC, HMS, CITU, AIUTUC, TUCC, SEWA, AICCTU, LPF and UTUC alongside different autonomous Federations and Unions in various Sectors have given the call for national general strike on January 8, 2020 to challenge work approaches of the administration. The requests incorporate, value control, production of more occupations for jobless youth, ensured right to work, right to wage, professional stability, end of re-appropriating of changeless employments, no unfavorable revision of work laws, and no abridgement of worker’s organization ...

Loan ‘melas’ are back: PSBs to hold credit meets in 400 districts, says FM Stressed MSME assets will not be labelled NPAs till March 31, 2020 Current Affairs  :- Open part banks (PSBs) will hold open gatherings with borrowers for circulating credits in 400 areas of the nation to lift request in front of the merry season, Union Finance Minister Nirmala Sitharaman declared on Thursday. In this, the banks will take help from non-banking monetary organizations (NBFCs). The National Democratic Alliance (NDA) government will pursue the strides of its antecedent, the United Progressive Alliance (UPA) government, which had presented the idea of “advance mela” to lift credit by guiding banks to loan to individuals through open gatherings. Further, the administration has advised PSBs not to proclaim focused on resources of miniaturized scale, little and medium undertakings (MSMEs) non-performing resources (NPAs) till March 31 one year from now. This will come as a notewor...