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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 ...

IBA rejects bankers’ demand for five-day work week, sticks to 12% wage hike The unions have been demanding a five-day work week since a long time Current Affairs :The Indian Banks’ Association (IBA) has officially declined a solicitation from representative associations to keep bank offices open for five days per week, while likewise communicating failure to climb compensation by more than its proposition of 12 percent. It has not consented to the recommendation following perspectives on some “significant partners”, as indicated by a roundabout gave by the staff associations, under the umbrella of the United Forum of Bank Unions (UFBU). The associations need to consent to the IBA’s choice for it to be executed. The bank administrations, spoke to by the IBA, have told the associations that a 12 percent climb in wages will cost open segment banks (PSBs) more than Rs 6,300 crore yearly. “The bank administrations feel this isn’t a lucky time to actualize five-day working w...