Privatisation of NALCO will pave way for retrenchments and exploitation of the marginalised sections of the State and make the jobs of the regular employees uncertain, he said.
AITUC National General Secretary Amarjeet Kaur said claimed that Prime Minister Narendra Modi was selling the banks for the benefit of ‘the corporate elite’.
Chief Minister YS Jagan Mohan Reddy is expected to discuss several issues, including privatisation of Visakhapatnam Steel Plant and financial assistance to AP, during the meeting.
Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was sold to the Tatas.
Shutters of branches across many parts of the country on Friday were down following the strike call given by the United Forum of Bank Union.
The High Court recorded the statement and said that in view of the Management of VSP making its stance clear, the final hearing will be held on February 2.
Banks represent the precious savings of the people and hence it is imperative that the government should be the custodian of the banks and the people’s money therein, United Forum of Bank Unions said.
YSRC MLA Ambati Rambabu said that it is the Jana Sena Party that is sailing with the BJP, whose government at the Centre is privatising the plant.
Janasena chief Pawan Kalyan lambasted the ruling YSRC for its “failure” in protecting the interests of the State.
The Kozhikode airport had handled 32,29,910 passengers between 2019 and 2020. The Kerala government is yet to respond to the announcement.
The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the past four years.
The union also demanded enhancement of age from 35 years to 40 years for dependents of medically invalidated and deceased employees.
The decision was taken by a joint platform of central trade unions to oppose the Union's push to hand over national assets to the corporate sector through schemes like National Monetisation Pipeline.
Jana Sena and Visakha Ukku Parirakshana Porata Committee have been making elaborate arrangements for Pawan Kalyan’s meeting on the road leading to the steel plant main gate.
The government is selling its entire 52.98 per cent stake in BPCL.