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Saturday, June 13, 2015

AIBOC Take Up Pension Issue With IBA

(Registered under the Trade Unions Act 1926, Registration No.:3427/Delhi)                        C/o Bank of India, Parliament Street Branch                  PTI Building, 4, Parliament Street, New Delhi:110001                       Phone:011-23730096 Tel/Fax 23719431                             E-Mail: aiboc.sectt@gmail.com 

Ref: IBA/2015/68                             Dated: 12/06/2015 


Indian Banks’ Association, 
6th Floor, Centre 1 Building, World trade Centre Complex, Cuff Parade, Mumbai – 400005. 


We invite reference to the Record Note dated 25.05.2015 jointly signed by the representatives of IBA and all the 9 Unions/ Associations of Bank Employees/ Officers on the issues pertaining to Bank Retirees along with Joint Note on Salary Revision.  

2. While the above Record Note incorporates some of the demands of Retirees referred to in the Charter of Demands and discussed by officers organization with IBA during the process of discussion and IBA’s response there to, we would like to put the records straight by furnishing in brief our view point as under on IBA’s response: 

a) At the outset we do not accept that no contractual relationship exists between Banks & Retirees and that their demands can be examined only as a “Welfare Measure”.  We maintain that payment of Pension cannot be construed as a mere Welfare Measure. As a matter of fact, there are several court judgments upholding that pension is a deferred portion of the compensation for the service rendered. In landmark “Narkara Case”, the Hon. Supreme Court has held that “Pension is a statutory, inalienable, equally enforceable right that has been earned by the sweat of brow. As such it should be fixed, revised and modified/ changed in the ways not entirely dissimilar to the salaries granted to serving employees.”  

 b) Besides, the Pension Regulations have been framed under section 19(1) of Banking Companies (Acquisition & transfer of undertakings) Act 1970/1980 and as such the relationship between Banks & Retirees is a statutory one.  

c) Officers’ Service Regulations/ Bi-partite Settlement provisions for workmen, inter- alia, provide for post- retirement benefits including Pension/ PF/ Gratuity etc. These are in the nature of statutory obligations on the part of Banks. In these circumstances, how can it be inferred that there is no contractual relationship between Banks & Retirees/ Pensioners? Moreover in case of officers, Officers’ Service Regulations/ Disciplinary Rules providing for disciplinary proceedings after retirement will lose the test of validity before law in the absence of contractual relationship. 

d) Like wise in the absence of any contractual relations with Pensioners, clause 48 of the Pension Regulations 1995 i.e. right to proceed against retired employees will also not have any sanctity. 

e) As regards comparison with Central Government Pension Scheme, we specifically bring to your notice that Pension Regulations under the head Residuary Provisions, specifically stipulates that “in the matter of application of these Regulations regard may be had to the corresponding provisions of Central Civil Services Rules 1972 or Central Civil Services (Commutation of Pension) Rules 1981 applicable for Government Employees with such modifications as the Bank with previous sanction of Central Government, may from time to time determine”. It is clearly understood that Bank Employees Pension Scheme has been drawn primarily on the basis of Pension Scheme applicable to Central Government Employees/ RBI Employees. Hence comparison with the Central Government Employees pension Scheme is not out of Place.  

3. Referring to IBA’s response to the demands referred to in the Record Note, we have to state as under: 

a) While on several aspects of pension improvement, IBA has been repeatedly forwarding the plea of cost burden but at no point of time during negotiations, authentic data has been presented in support of its contention. On the contrary, authentic pension fund data categorically reveals that as on 31.03.2014, the corpus of Pension Fund stood at about Rs. 1,14,000/- crores. More importantly Pension Funds of Banks are in surplus consecutively over the years and such surplus is growing year by year despite the fact that Banks have failed to provide for the required sum in pension funds as agreed in Bipartite Settlements. Under these circumstances, demands of retirees for improvement in Family Pension in line with RBI, 100% DA neutralization to pre Nov 2002 retirees as also updation of Pension, cannot be delayed/ denied.  

b) We may point out that Bank Employees Pension Regulations specifically provide for updation of Pension. We invite reference to  Regulation 35 (1) thereof which reads as under; “Basic Pension and additional pension wherever applicable shall be updated as per formula  given in Appendix I” As a matter of fact, such updation has already been given effect earlier for the pensioners retired prior to 01.11.1987, who were positioned on par with retirees under 01.11.1987 Wage Settlement. In view of the above, updation of Pension has a statutory basis and it becomes a statutory obligation.  

c) In the matter of 100% DA neutralization for retirees prior to 01.11.2002 for which IBA was positive during discussion, there have been several speaking judgments and favourable court orders. Though the matter is still sub- judice, IBA should settle the matter positively so that the expensive litigation can be put to rest once and for all. But waiting for conclusion of court proceedings will only add to the delay denying justice to pensioners who are above the age of 72-75 years and are anxiously waiting for the justice.  

d) The issue of Pension to left overs also a vital one. The category of those retired compulsorily and the resignees have been denied benefits due to strict interpretation of instructions from the Government in June, 2012.  Existing Pension Regulations categorically provide for pension to those compulsorily retired from service. Denial of pension option to them is violative of the very existing Pension Regulations itself. Denial of Pension option to Resignees has also been tested through litigation and several judgments including the one in Vijaya Bank Case, is a clear pointer that they cannot be denied pension after the stipulated period. In fact consequent upon such court verdict, several resignees have already been conceded the benefit of pension option. It is also pertinent to note that the number of those retired compulsorily as also those resigned from Banks (after putting in requisite pensionable service) is very small and the cost cannot stand in the way of extending benefits to them. 

e) Apart from the above, there are still several issues of pension, which need to be discussed and sorted out. 

We, therefore, request you to take a positive view and hold discussion on all the issues of retirees on the basis of authentic facts, data and figures. On our part, we are also willing to exchange facts and figures so that a meaningful dialogue can take place with a view to resolving these issues.

We look forward to your early response. 
                           Thanking you,  
     Yours faithfully,
(HARVINDER SINGH)                                                                                                                     GENERAL SECRETARY

Bank operations affected by one-day strike in Kerala-Financial Express 13.06.2015

Banking operations were affected today in Kerala following a one-day strike call given by the All India Bank Officers Confederation (AIBOC) in the state.

Banking operations were affected today in Kerala following a one-day strike call given by the All India Bank Officers Confederation (AIBOC) in the state.
The call for strike was given to protest against removal of the Dhanalakshmi Bank Officers Organisation general secretary P V Mohan.

All bank branches remained shut in the state today, AIBOC said in a press release, although SBI and some new-generation bank were open.
Mohan, who is also the AIBOC state president, was removed from service by the bank recently.

Meanwhile, the Dhanalakshmi bank officers also decided to go on an indefinite strike nation wide from tomorrow.
Earlier in the day, the State Bank of Travancore had said that its business might get affected due to the strike.
All India Bank Officers’ Confederation (AIBOC) is an apex trade union of supervisory cadre employees.

Finance Minister met Chiefs of banks on 12th of June 2015 to assess their performance and to discuss the steps to fight against the menace of bad debts and stressed assets. After marathon discussion on all points , only one point has emerged in media .

Media has written in bold letters in headlines of their papers that Finance Minister has expressed hope that public sector banks as well as private banks will curtail interest rate in near future in view of three times cut in repo rate announced by RBI during last few months.

I am not convinced why banks should bring down rate of interest on lending only due to the reason that RBI has announced little cut (by 75 basis point) in repo rate. Every banker knows that role of repo rate is minimum in process of fixing Base Rate.

Repo rate in rate of interest charged by RBI to banks which borrow money from RBI for short period. Here it is proper to point out that banks are supposed to lend money based on the nature and volume of deposit they mobilise from market . Banks are not supposed to borrow money from RBI and lend it in the market.

Click Here To Read Role Of Interest Rate In Credit Growth

Further most of the banks have enough liquidity and enough deposit base to lend. But they are not able to find out loan takers due to various other reasons. Banks are constrained to invest money in mutual fund, various bonds and SLR funds. Banks think it safer to invest money in stock market . Majority of banks have parked money (invested in government securities ) in SLR more than what they are legally bound to. Statutory Liquidity Ratio is currently 21.5 % but this ratio in greater in many banks. This is because banks are not focusing on lending .They are now doing insurance activities to earn few crore of rupees sacrificing the future of hundreds and thousands of crores of rupees trapped in the hands of bad borrowers.

Secondly money lent by banks are not coming back in time and as per scheduled demand raised by banks. This creates asset liability mismatch forcing banks to depend on RBI and borrow money at Repo rate. Banks do not find it necessary to recover the money from borrower in time and take timely action against defaulting borrowers. They want to be in good book of the borrower without worrying about health of bank they serve. They want that they retire from bank without inviting any personal loss.

Base Rate is fixed as per RBI guidelines, depending of cost of fund, establishment expenses and other operational cost . Banks cannot and are not supposed to reduce base rate as per their rates as per their whims and fancies or as per sweet will of Finance Minister. Banks are not supposed to reduce base rate just to please Finance Minister. Some of banks have reduced rate by 10 or 25 basis points merely to please FM without realising the impact of reduction in base rate on health and profitability of bank.

Rate of banks is reduced by bank management not after analysing cost of fund but purely as personal need and greed of Chief of the bank, outcome of flattery to ministers and as per perception of individual who is acting as Chief of the bank. Rates are changed overnight and even by such banks whose assets are severely strained and stressed. Banks are not earning interest on assets and if earning , they are not able to recover the interest from borrower, still they treat such income as per or earning for a year to inflate profit and to win the blessings of ministers so that they may get good incentive in cash or by getting good job after their retirement. Weak banks announce rate cut because they are least bothered of weakness of bank , they are concerned more about their career. Same applied for junior officers . Same culture percolates down.

Here it is also interesting to point out that SBI chairman Mrs Bhattacharya has honestly admitted that despite cut in interest rate there is no proportionate increase in credit growth. It is rather bitter truth that credit growth is not function of interest rate only. Role of interest in growth of credit or in quality of asset is insignificant.

Top officials grant huge concessions in interest rate and processing charges to high value borrowers either to get in return precious gifts for self or to please some other VIPs . There is no denying the fact that majority of high value defaulters have been given interest concessions and still they could not turn loyal to bank. Bank management takeover accounts of other banks by offering unwarranted concessions in interest rates but fail to maintain good standard of assets and fail to increase good quality assets.

Bad borrowers may be loyal to top officials and ministers but are never good for health of the bank they borrow money for business. Character, nature and activities of majority of officials of bankers is not to safeguard bank they are employed , but to brighten their own career , own future and to develop good relation with higher bosses powerful politicians so that they are safe and their family leads a wealth and prosperous life.

I have therefore no doubt in saying that volume of stressed assets in banks will continue to rise and rise particularly in pubic sector banks. Top officials of PSBs are busy in keeping minister happy whereas private banks focus on health of their assets , profit of banks and enjoyment of workforce. This is why credit growth in private banks is around 25 to 35 percent per year whereas in PSBs it is hardly 10 percent. Similarly CASA ( savings and current deposit) in private banks is more than 40 percent whereas in PSBs it is around 20 to 30 percent . On the contrary quality of lending in PSBs is worse and this is why volume of stressed assets in PSBs is more than 10 percent whereas it is around 1 to 2 percent in private banks.

If a Branch Head in a bank sanctions loan of Rs.one crore , he becomes happy not because his branch will earn profit , but because his boss (immediate higher authority) will be happier and help him in getting out of turn promotion. He or she does not bother about future of such loan. A CMD of a bank permits finance of hundreds of crore of rupees to a corporate house not to increase real and quality business but to please some VIP sitting in controlling offices. Pressure of target on each sanctioning authority is tremendous and hence quality of lending is invariably diluted at all stages, in all branches and in all Regional Offices. Even if a loan goes bad, even if there is default and overdues, branch officials or Regional Office think it safe to hide it .

If any official  dares to say spade a spade , he has to face the music of his higher bosses either in form of bad transfers or rejection in promotion. Bank officials have neither freedom to treat bad accounts as bad nor to deny sanction to bad person and bad company. This is the most painful story of working culture in public banks.

Finance Minister or Prime Minister may conduct number of meetings with Chiefs of banks or with RBI officials. But they cannot guarantee good health of bank with existing mind-set. Regulating agencies think it safe and pleasant to believe on what Chiefs of Banks say in meetings and remain satisfied after getting written certificates submitted by clever officials confirming compliance of various guidelines. They do not think it necessary to verify the genuineness and correctness of certificates of compliances submitted by various offices including banks. So far as bank Chiefs are concerned , they too are clever, they get false certificates from their juniors by building verbal pressure on juniors and thus keep ministers in good stream.

Every quarter , health of almost all banks in public sector is deteriorating , but RBI and FM still express satisfaction on functioning and health of PSBs, despite the fact they now that there are huge volume of hidden NPA in each bank, that quality of lending by PSB is extremely bad and that there is no repayment culture in the country , there is no legal and administrative support to banks in recovering money from defaulters. Banks are more or less on mercy of borrowers so far as repayment of loan by borrowers is concerned. It is open secret that bank management think it wise to write off bad loans and sacrifice huge principal amount and interest to defaulter .It is ultimately taxpayer's money which Government infuse in banks to save weak banks from collapse.

FM has not talked about window dressing in deposits and evergreening in loans , FM thought it better ti keep mum on risk arising out of improper and unwarranted restructure of loans undertaken by clever bankers to treat bad loans as good loan. FM focused only on interest rate reduction knowing very well that interest cut is not going to create demand for credit in the market unless and until an environment ( political,, social, economical ,pollution, infrastructure etc ) conducive for business growth and for earning profit on capital is created.

There is downfall in business of Tata, Birlas, Mafatlal, Ambanis, and Adani like big giants , There is downfall in auto market, real estate, power generation, textiles etc even though there are many businessmen in these areas who have surplus cash in hand. Many business houses are unable to invest their surplus cash and they do not depend on bank interest rate .

As such , FM , RBI, bank Chiefs and all regulators have to first learn to accept and say the bitter truth , ground reality and true mindset of workforce. They plan growth keeping in view that every ingredients required for growth are placed in ideal position . They do not like to accept that all public servants including bank chiefs and politicians turned ministers do not think for the society , for the country or for the safety of organisation they serve. They think only for self interest .

Hence they have to devise all processes in more transparent way and reduce delegated powers of all individuals to the maximum extent possible . They cannot find good reports from auditors and inspectors if they are forced to complete audit and inspection in specified and negligibly few days and that too they are forced to write in their reports as per whims of bosses. None of higher bosses want that their evil works are exposed. All are birds of same feather and hence all try to protect the interest of colleagues first and then to protect the bank they serve. Similarly politicians first try to protect their post of ministers and then the common men or the country.

EMIs May Fall Further, After Jaitley Meets Bank Chiefs-NDTV 13th June 2015

Home, auto and other loans are likely to get cheaper further, with Finance Minister Arun Jaitley on Friday saying that banks have promised greater rate cuts in the coming days. Addressing a press conference after his meeting with bank chiefs, Mr Jaitley said he discussed the transmission of Reserve Bank rate cuts by banks, among other issues.

Mr Jaitley expressed hope that banks will be able to further lower lending rates following a series of rate cuts from the Reserve Bank of India (RBI). Many banks have lowered their lending rates this year after the Reserve Bank lowered repo rate or main lending rate by a combined 75 bps this year. But the quantum of rate cuts by banks lag the reduction in the RBI's policy rate. The country's largest lender, State Bank of India, for example, has lowered its base rate by 30 bps this year. It base rate currently stands at 9.70 per cent.

Bankers have blamed tight liquidity and slower credit growth as reasons for not cutting rates aggressively. The loan growth for banks for the fiscal year to end-March was the slowest in 18 years.

Arundhati Bhattacharya, the chairperson of SBI, told NDTV that it has not seen much pick-up in demand since the cutting rates, though it is too early to assess the impact of the rate cut on credit demand.

Banks on their part, Mr Jaitley said, have asked the government to relook at small savings rates.

Many bankers had earlier said that high rates on small savings schemes like public provident fund makes them keep deposit rates high and this holds them from lowering lending rates. (With Agency Inputs

My following write up explains how and why Uniform Interest  rate  Policy is best course of action to cure ailing banks. Click on following links  to read more if you are not bored






If agriculture loan in any bank turn Non Performing Asset , it will be told by bankers that there is monsoon failure , even if the quality of lending was not good or even if there was role of bribery behind sanction of loans to farmers. Similarly  if industrial loan goes bad , they will say that there is recession in the market. If traders loan goes bad, they will say that there is no demand in the market. If education loan turn bad , they will say that due to scarcity of employment opportunities students are not getting job. And so on................... There is no one to verify the genuineness of the reason attributed by bankers as cause of loan turning bad .

Politicians say that if interest rate is reduced , there will be credit growth and hike in creation of employment opportunities. They do not think that if a consumer has got no purchasing capacity , how demand will rise. If a salaried class person does not have capacity to repay instalment of even interest free housing loan, he or she cannot dream of buying a house of Rs.40 to 50 lacs. Until there is rise in income level of individuals, demand of any goods cannot rise, may it be auto or houses.

Further ,In the same environment and same economic conditions of the country, private banks make good finances and earn huge profit. GOI never bothers to think why public banks are only sufferer and why there is such huge erosion in quality of lending . Why Human workforce are not happy and why are not enjoying their work?

Politicians never like to introspect and analyse the real reasons resulting in accumulation of bad debts in PSBs and hence until they know the real cause, they cannot prescribe proper medicine to cure the sickness of banks. This is why PSBs are growing sickness year after year and they all are facing problems of stressed assets and shortage of adequate capital. Political exploitation of public sector banks for vote banks is not going to stop despite all promises made by present government and by all governments in the past .

Central Office: “PRABHAT NIVAS” Regn. No.2037
Singapore Plaza, 164, Linghi Chetty Street, Chennai-600001
Phone: 2535 1522, 6543 1566 Fax: 4500 2191, 2535 8853
e mail ~ chv.aibea@gmail.com & aibeahq@gmail.com

CIRCULAR NO. 27/ 110/2015/21 9th June, 2015

Dear Comrades,

Fight back the Govt.’s anti-labour policies
Let us unite and resist

 In the background of the BJP/NDA Government’s nakedly hostile, retrograde anti-worker labour policies, the need was being felt to put up a united fight against these attacks. Recently, on 26-5-2015, a National Convention of Trade Unions was held in Delhi. AIBEA participated in this Convention. The Convention adopted a Declaration as under and has given the clarion call for a national protest strike on 2nd September, 2015. This strike will be one of the broadest united resistance against the anti-worker policies of the present Government. 

 Given the importance of this call for struggle, AIBEA has decided to join the strike and accordingly we will participate in the strike. All our units and members should be in the forefront of the campaign, preparatory programme and strike action and make the strike a total success in all the Banks and States.

 With greetings,
Yours comradely,


This National Convention of Workers being held under the banner of joint platform of all the Central Trade Unions of the country along with independent national federations of all sectors and service establishments expresses deep concern over anti worker, anti-people and pro-corporate actions of the present Govt. at the Centre in pursuance of the policy of globalization. During this period the Govt. has been over-busy in amending all labour laws to empower the employers with unfettered rights to “hire and fire” and stripping the workers and trade unions of all their rights and benefits besides aggressively pushing through almost unlimited FDI in strategic sectors like Railways, Defence and Financial Sector. Also, through sweeping changes in the existing Land Acquisition Act, farmers’ right to land and agri-workers’ right to livelihood are been sought to be drastically curbed and curtailed.

 The Government’s aim in aggressively pushing through sweeping changes in labour-laws is nothing but to push out overwhelming majority of workers out of the coverage of all labour laws and to drastically curb the trade union rights. The CTUs had besides other issues raised the issue of strict enforcement of labour laws and universal social security but this Govt. is doing away with all rights-components in all the labour laws aiming at creating conditions of bonded labour in all the workplaces. EFP and ESI schemes are proposed to be made optional which is also aimed at demolishing the PF and ESI schemes dismantling the basic social security structures available to the organized sector.

And for the vast unorganized sector workers, old schemes are being repackaged and renamed, without providing for funds and implementation-machinery/network with a view to befool the people. The Govt. has not taken any step to curb price rise of essential commodities and to generate employment except making tall claims of containing inflation in the media. On universalizing public distribution system, the Govt. is trying to scuttle it through Direct Benefit Transfer resulting further squeeze on the common people.
During the year with the support of the present Govt., various state governments have brought about drastic anti-workers changes in basic labour laws viz.

Industrial Disputes Act, Contract Labour (Regulation & Abolition) Act, Factories Act and Apprenticeship Act, Trade Unions Act etc. introducing “hire & fire”, throwing more than 71% of factories out of coverage of Factories Act and making all contractors employing up to 50 workers free from any obligation towards workers. The Central Govt. on its part has introduced amendments to Factories Act raising doubly the limit of workers for registration of factories, put in public domain the proposals for new Small Factories (Regulations of Service conditions) Bill which prescribes that major 14 labour laws will not apply to factories employing upto 40 workers.

Labour Code on Wages Bill and Labour Code on Industrial Relations Bill which under the cover of amalgamation seek to make registration of unions almost impossible, making retrenchment and closure almost free for the employers class. These bills have been put in public domain without consulting the trade unions thereby violating the provisions of ILO Convention 144 on Tripartite Consultation.

Amendments have also been brought in EPF & MP Act and ESI Act to make it optional with a sinister design to finally demolish the two time-tested statutory schemes for the workers. The Prime Minister’s Office has written to the Chief Secretaries of States to follow Rajasthan Model in labour laws. All these amendments are meant to exclude 90% of the workforce from application of labour laws thereby allowing the employers to further squeeze and exploit the workers.

 The Convention also expresses dismay over the Government’s total inaction in implementing the consensus recommendations of 43rd, 44th and 45th Indian Labour Conferences on formulation of minimum wages, same wage and benefits as regular workers for the contract workers and granting status of workers with attendant benefits to those employed in various central govt. schemes like anganwadi, mid-day-meal, ASHA, para-teachers etc. On the contrary, the Govt. drastically curtailed budget allocations to all those centrally sponsored schemes meant for poor peoples’ welfare.

It is also noted with utter dismay that the present government is also continuing to ignore the twelve point demands of entire trade union movement pertaining to concrete action to be taken for containing price-rise and aggravating unemployment situation, for strict implementation of labour laws, halting mass scale unlawful contractorisation, ensuring minimum wages for all of not less than Rs. 15,000 per month with indexation and universal social security benefits and pension for all including the unorganized sector workers, etc. The demands also include compulsory registration of Trade Unions within 45 days and ratification of ILO Conventions 87 and 98. Even the legislations passed by Parliament on the issue of Street Vendors is not being implemented appropriately.

 The National Convention also denounced the retrograde move of the Govt. in hiking/allowing FDI in Defence, Insurance, Railways and other sectors and also its aggressive move for disinvestment in PSUs including Oil and financial sector aiming at total privatization which will be detrimental to the interests of the national economy, national security as well as mass of the common people.

The National Convention also condemned the sweeping change sought to be brought in Land Acquisition Act permitting forcible acquisition of land from the farmers and putting in jeopardy the livelihood of agricultural workers. It is disgusting to note that 147 workers of Maruti-Suzuki at Manesar are being forced to languish in Jail for more than two years on false and fabricated charges. It is unfortunate that even after the assurance of Prime Minister to revide the closed NOKIA Sriperumbudur unit, the recent decision to sell it out demonstrates Government approach to deny protection of workers.

The coal sector has already been opened for commercial operations by private sector. In the banking industry also, the govt. wants to push their anti-people banking sector reforms while no effective action is being taken to recover the huge bad loans (NPA) from the Corporate Sector.

 The Convention supports the decision of the constituents of JCM of Central Govt. employees to go for indefinite strike from 23rd November, 2015 and will decide at appropriate stage the form of solidarity action to be taken. The Convention also congratulates coal, postal, transport and telecom workers for their strike against policies of the Govt.

 The Convention demands upon the Central Govt. to stop forthwith the process of making retrograde amendments to the labour laws. The Convention also demands immediate steps to implement the consensus recommendations of successive Indian Labour Conferences and also positive response to long pending demands of the entire trade union movement of the country. The Convention urges the Central Govt. to desist from mindless drive for disinvestment in CPSUs and liberalizing FDI in defence, insurance, Railways etc. and the convention also condemns the Govt. move of corporatization of major ports and postal services etc. The Convention urges the Govt. to reverse the direction of the ongoing economic policy regime which has landed the entire national economy in distress and decline affecting the working people most.

The Convention calls upon all the trade unions, federations across the sectors to widen and consolidate the unity at the grass-root level and prepare for countrywide united movement to halt and resist the brazen anti-worker and anti-people policies of the Govt. and in preparation to the same undertakes unanimously the following programme:
Joint conventions and campaigns during June-July in State, district and industry level wherever possible and taking initiative to involve common people in support of workers struggle.
The National Convention calls upon the trade unions and working people irrespective of affiliations to unite and make the countrywide General Strike a massive success.
Sd/- Sd/- Sd/- Sd/- Sd/-

Sd/- Sd/- Sd/- Sd/- Sd/- Sd/-

and All India Federations of Banks, Insurance, Defence, Railways, Central/State Govt. Employees and other Service Establishments

AIBOC NATIONAL Committee had called for one day lightening strike by all affiliates in the State of Kerala tommorrow ( 12.6.15) protesting the termination of Com: P V Mohanan our State President by DLB management. Inform all members and ensure total success. Confirm ensuring action. State Secretary


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