All India Bank Strike on 28th February (28.02.2017)

All India Bank Strike on 28th February (28.02.2017):
Around 10 lakh bank employees will go on a countrywide strike on February 28 to protest against the government policies on demonetization, financial reforms and labour laws. The employees have also sought compensation for working extra hours and on Sundays and holidays following the implementation of demonetization.

Bank employees want five-day banking to be introduced. They have also sought the removal of the gratuity ceiling under Payment of Gratuity Act, 1972, and want total exemption from income tax on gratuity and leave encashment on retirement. ( Source: TOI)


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