Two-day nationwide bank strike begins
Chennai, May 30: The two day bank strike by over 10 lakh bankers demanding early wage settlement starting Wednesday has evoked good response nationwide, said a top leader of the All India Bank Employees' Association.
"Around 85,000 bank branches spread across the country, including that of State Bank of India and some private banks will remain closed for two days. The response to the strike is good," C.H. Venkatachalam, General Secretary, AIBEA told IANS.
Queried about the value and volume of money instruments that would not be cleared by the bank's clearing houses Venkatachalam said: "On all India basis clearance of 39 lakh instruments with a value of Rs 21,700 crore per day would be impacted.
"The above value and volume were the averages of last 15 days clearance of instruments."
The May 30-31 strike is spearheaded by the United Forum of Bank Unions (UFBU), an umbrella body of nine unions.
The bankers are striking work demanding early revision of the wages. The wage revision has been due since November 1, 2017.
Venkatachalam said the unions had requested the Indian Banks' Association (IBA) to come up with better offer than the mere two per cent hike offer made earlier so that the strike could be averted.
He said the IBA was also asked not to delink the wage negotiations for bank officers in the Scales 4-7. The IBA did not do anything.
He said at the conciliation meeting held on Monday, the Chief Labour Commissioner (CLC) had asked the IBA not to raise new controversies like delinking the wage talks for officers in the 4-7 scale.
"Though the CLC tried its best to sort out the strike issues, there is no positive developments. Hence strike on May 30 and 31 (Wednesday and Thursday) stands," All India Bank Officers' Confederation (AIBOC) General Secretary D.T. Franco had said earlier.
According to Venkatachalam, with regard to the coverage of officers from Scale 4-7, the IBA said it did not get the mandate from six banks as they opted to cover officers up to Scale 3 level.
However, 14 banks have given the mandate for covering the officers up to Scale 7 in wage negotiations as was done in the previous wage settlement negotiations, he said.
With bank branches closed for two days, the ATM machines are being loaded with additional cash to meet any contingency.
"The private banks (like HDFC Bank, ICICI Bank) are working and there is no problem there. In the case of public sector banks the strike call was known well ahead. So, we have collected cash in advance from the banks for loading in the ATMs," V. Balasubramanian, President, Financial Software and Systems (FSS), told IANS.
The city based FSS manages ATMs for several banks in the country.
"Generally we know the cash dispensation per day per ATM. We load the machines with cash for two days transaction value which is at an average is around Rs 6 lakh. This time we have loaded ATMs with cash of around Rs 15 lakh which would take care of the average cash dispensation for four days," Balasubramanian said.
According to him, the ATMs are loaded more with Rs 500 notes.
The Bank of Maharashtra MD and CEO Ravindra P Marathe has urged his customers to make the maximum use of digital banking services for their transcations as the strike might disrupt normal banking services at the branches.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Delhi's air remains hazardous, SC raps officials for 'serious lapse' in ensuring GRAP-4 curbs
New Delhi, Nov 25: Delhi's air pollution levels remained alarming on Monday, with the capital's 24-hour average AQI reading soaring to 349 from 318 the previous day, even as the Supreme Court slammed the city government and police for a "serious lapse" in implementing GRAP curbs.
The apex court, however, asked the central pollution watchdog to consider restarting physical classes in the schools and colleges of Delhi-NCR, noting that students are being deprived of mid-day meals and lack the wherewithal to attend virtual classes.
According to the SAMEER app, which offers hourly updates on the National Air Quality Index, the AQI was recorded at 218 at 9 am, but it rose to 377 at 7 pm, thanks to a low wind speed.
Seven of the 38 air quality-monitoring stations in Delhi reported AQI levels in the "severe" category at 5:30 pm, with the number rising to 14 at 7 pm.
The latest data from the Central Pollution Control Board (CPCB) said Delhi's 24-hour average AQI, recorded at 4 pm, stood at 349.
Bhavreen Kandhari, an environmentalist, said the AQI has risen due to a combination of stagnant winds that have a speed of less than 10 kilometres per hour and dropping temperatures that trap pollutants close to the ground.
The CPCB categorises the AQI as follows -- 0-50 (good), 51-100 (satisfactory), 101-200 (moderate), 201-300 (poor), 301-400 (very poor), 401-450 (severe) and above 450 (severe plus).
Last week, the city endured its highest recorded AQI for the season, reaching a hazardous 495, prompting the implementation of the Stage-4 restrictions under the Supreme Court-mandated Graded Response Action Plan (GRAP) to curb pollution.
On Monday, the primary pollutant contributing to the deteriorating air quality was PM2.5, with levels recorded at 166.9 micrograms per cubic metre at 4 pm.
These fine particulate matters with a diameter of 2.5 micrometres or less, pose severe health risks as these can penetrate deep into the lungs and enter the bloodstream.
The drop in the air quality follows a week of hazardous levels of pollution, with Delhi's AQI surpassing 450 for the first time this season last Sunday morning.
Although the air quality improved slightly on Thursday and Friday, it worsened again on Saturday, with the AQI returning to the "severe" category.
As evening descended on Monday, a thick layer of mist and smog covered the city, reducing visibility and exacerbating the air-quality crisis.
Meanwhile, the Supreme Court asked the Commission for Air Quality Management (CAQM) to consider restarting physical classes in schools and colleges in the National Capital Region (NCR) and adjoining areas, noting that students are being deprived of mid-day meals and lack the wherewithal to attend virtual classes.
The restrictions on physical classes in schools and colleges were imposed recently due to severe air pollution.
The court censured the Aam Aadmi Party (AAP) government and Delhi Police for a "serious lapse" on their part in strictly implementing the GRAP-4 measures, and directed the CAQM to take action against the erring officials.
A bench of Justices Abhay S Oka and Augustine George Masih said the authorities have made no efforts to implement the GRAP-4 measures.
"It is apparent that the authorities mentioned in GRAP-IV clauses 1, 2 and 3 have made no earnest efforts to implement action under clauses 1 to 3. Some police teams were deputed at a few entry points, that also without any specific instructions," it said.
The Centre's Decision Support System (DSS) for Air Quality Management estimated that vehicular emissions contributed 16.4 per cent to Delhi's pollution on Monday. Stubble burning, another major factor, accounted for 11 per cent of the capital's pollution on Sunday.
The DSS provides daily estimates for vehicular emissions, while the data on stubble burning is typically released the following day.
Meanwhile, the daytime temperature was recorded at 25.8 degrees Celsius, 0.9 notches below the seasonal average, the India Meteorological Department (IMD) said.
Humidity levels fluctuated between 85 per cent and 68 per cent during the day.
The IMD has forecast moderate fog for Tuesday, with the maximum and minimum temperatures likely to hover around 26 degrees Celsius and 12 degrees Celsius respectively.
