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Support extended to bank strike

By STAFF REPORTER
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GUWAHATI, Dec 18 � The Assam Provincial Bank Employees Association has extended support to the all India bank strike on December 20.

Bank employees across the country have decided to go on a strike to register their protest and opposition to alleged retrograde moves of the government to somehow push through the Banking Laws Amendment Bill during Parliament session.

The bank employees have been resisting against this agenda of the government to foist banking reforms aimed at boosting private banking and dilute public sector banking.

�The banking system touches the lives of millions and has to be inspired by large social purposes and has to serve national priorities and objectives such as rapid growth in agriculture, small industries and exports, raising of employment levels, encouragement of new entrepreneurs and the development of backward areas,� said the association adding that this was not the right time for the government to experiment with public sector banks.

The association pointed out that the capitalist countries that have followed liberalised private sector model, banks have collapsed. �People�s money should be utilised for people�s welfare and national savings should be available for national development,� it said.

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Support extended to bank strike

GUWAHATI, Dec 18 � The Assam Provincial Bank Employees Association has extended support to the all India bank strike on December 20.

Bank employees across the country have decided to go on a strike to register their protest and opposition to alleged retrograde moves of the government to somehow push through the Banking Laws Amendment Bill during Parliament session.

The bank employees have been resisting against this agenda of the government to foist banking reforms aimed at boosting private banking and dilute public sector banking.

�The banking system touches the lives of millions and has to be inspired by large social purposes and has to serve national priorities and objectives such as rapid growth in agriculture, small industries and exports, raising of employment levels, encouragement of new entrepreneurs and the development of backward areas,� said the association adding that this was not the right time for the government to experiment with public sector banks.

The association pointed out that the capitalist countries that have followed liberalised private sector model, banks have collapsed. �People�s money should be utilised for people�s welfare and national savings should be available for national development,� it said.

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