Bank unions to start Twitter campaign against privatisation
Secretary General of the All India Bank Employee (AIBEA) C.H.VENKATAHAMALAM also said the protest would be held before parliament on July 21 and the strike call would be given based on developments during the session.
The Monsoon Parliament session began on July 18 and one of the bills that might be brought was to enable the privatization of government banks.”Twitter campaigns by bankers will begin on Sunday, July 17. During these days, campaigning through social media is also important apart from our traditional campaign mode,” Venkatchealam told Ians.
He has told members of the union to tweet in English and also in local languages to reach a large number of people.For a long time, it has been said that time has arrived to combine government banks to have around five large banks.
Recently, in a paper, Poonam Gupta from the Applied Economic Research Council (NCAER) and Arvind Panagariya from Columbia University has recommended the privatization of all government banks that prohibit the Indian State Bank (SBI).They have said, to start with two banks with better quality assets and higher returns are privatized and give them as an example for the release of investment by the government in other banks.
