Banks to close on Friday, PM holds emergency meet

NEW DELHI:A�With trade unions refusing to cancel a massive strike called for Friday, September 2nd, PM Narendra Modi held an emergency meeting on MondayA�evening.

The meeting was attended by Power & Coal Ministera�� Piyush Goyal, Finance Minister Arun Jaitley and Labour Ministera�� Bandaru Dattatreya. Later the sources said that within the next 48 hours government will reach out again to all unions with an offer that could help call off A�the strike.

The unions are opposing the recent easing of rules to promote foreign investment, particularly in sectors like pharmaceutical and defence. 10 central trade unions have called for a one day strike on September 2. Nearly 5A�lakh bank employees are also set to join the strike. Government offices, banks, and factories will be closed on Friday all over the country, the trade unions have warned. The strike could affect public transport as well.

Since September last year the bank employees unions have been pushing for 12 major demands, including raising the minimum wage from Rs 9,000 to Rs 18,000 per month. A pay hike for bank employees is pending since November 2012.

Last year too, the unions had gone on strike to oppose the amendments in labour laws by the Centre and States, saying that their 12 point charter of demands had not been met since then.

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