<p>The employees and officers of IDBI (Industrial Bank of India) will go on a four-day strike from Monday against the move of privatisation. <br /><br /></p>.<p>In a statement issued on Saturday, the United Platforms of IDBI Unions has said that the Budget speech of the Finance Minster indicates privatisation of the bank. <br /><br />According to United Platforms of IDBI unions, the Finance Minister stated that the Government of India has no obligation to hold a minimum of 51% stake in IDBI Bank, which will effectually lead to its privatisation.<br /><br />The United Platform has said that privatisation of the bank is against the interest of the nation and the society.<br /><br />It has said that the IDBI was targeted for privatisation when economic reforms were started in 1991. The entire staff and officers fought it and stopped the government to privatise it.<br /><br />The Platform has lamented that every time the government targets IDBI only. “This is a very serious issue before IDBI employees,” it said. It has said that the private sector focuses more on profit maximisation and less on social objectives, whereas, the public sector initiates socially viable adjustments in case of emergencies and criticalities.<br /><br /></p>
<p>The employees and officers of IDBI (Industrial Bank of India) will go on a four-day strike from Monday against the move of privatisation. <br /><br /></p>.<p>In a statement issued on Saturday, the United Platforms of IDBI Unions has said that the Budget speech of the Finance Minster indicates privatisation of the bank. <br /><br />According to United Platforms of IDBI unions, the Finance Minister stated that the Government of India has no obligation to hold a minimum of 51% stake in IDBI Bank, which will effectually lead to its privatisation.<br /><br />The United Platform has said that privatisation of the bank is against the interest of the nation and the society.<br /><br />It has said that the IDBI was targeted for privatisation when economic reforms were started in 1991. The entire staff and officers fought it and stopped the government to privatise it.<br /><br />The Platform has lamented that every time the government targets IDBI only. “This is a very serious issue before IDBI employees,” it said. It has said that the private sector focuses more on profit maximisation and less on social objectives, whereas, the public sector initiates socially viable adjustments in case of emergencies and criticalities.<br /><br /></p>
