Govt declares banking industry as a public utility service for six months till October 21
PrintListen to this Article
0:00
0:00
Government has declared banking industry as a public utility service for six months till October 21 under the provisions of the Industrial Disputes Act.
Bringing banking services under the provisions of this Act means that the banking sector would not see any strikes by employees or officers during the operation of the law starting from April 21. In a circular, Department of Financial Services said the labour and employment ministry through a notification has declared "banking industry as a public utility service" for six months.
The notification was issued by the labour ministry against the backdrop of the coronavirus pandemic which has significantly impacted economic activities. #casansaar (Source - NewsOnAir)
Bringing banking services under the provisions of this Act means that the banking sector would not see any strikes by employees or officers during the operation of the law starting from April 21. In a circular, Department of Financial Services said the labour and employment ministry through a notification has declared "banking industry as a public utility service" for six months.
The notification was issued by the labour ministry against the backdrop of the coronavirus pandemic which has significantly impacted economic activities. #casansaar (Source - NewsOnAir)
Category : Banking | Comments : 0 | Hits : 1143
The Financial Intelligence Unit-India (FIU-IND), in furtherance of the powers conferred upon the Director FIU-IND under Section 13(2)(d) of the Prevention of Money Laundering Act (PMLA), 2002, has imp...
The government on Monday informed the Lok Sabha that all Scheduled Commercial Banks have written off nearly Rs 10.6 lakh crore in the last 5 years, out of which nearly 50 per cent belong to large indu...
The government has cleared the extension of tenure of managing directors of two public sector lenders -- Bank of Maharashtra (BoM) and Central Bank of India. According to sources, Appointments Co...
Comments