
Bank strike halts services across Gujarat
The coordinated protest disrupted cash transactions, cheque clearances and customer servicing across 3,678 branches, affecting transactions worth an estimated Rs 15,000 crore, leaving traders, businesses and industrialists held up for important work.
The strike drew participation from public sector bank employees and staff from private institutions such as Federal Bank, Karur Vysya Bank and IDBI Bank as well.
Organized by Maha Gujarat Bank Employees' Association (MGBEA), the protest was a sharp rebuke to the govt's ongoing labour reforms and economic policies.
Janak Rawal, general secretary of MGBEA, said: "This strike is not just about wage issues. It is a wider protest against policies that are hurting the working class and the public sector. Labour rights won over decades are being systematically dismantled in the name of reforms and ease of doing business."
You Can Also Check:
Ahmedabad AQI
|
Weather in Ahmedabad
|
Bank Holidays in Ahmedabad
|
Public Holidays in Ahmedabad
Key demands included halting privatisation of nationalised banks, urgent hiring, GST removal on life and health insurance, waiver of minimum balance charges and stricter recovery of bad loans.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India.com
13 minutes ago
- India.com
No Rafale or F-35! Army Demands Rs 1.12 Lakh Cr Defence System, Gets Only Rs 36,000 Cr
New Delhi: After Operation Sindoor, India's defense upgrades are speeding ahead like a bullet train. With over Rs 3 lakh crore being pumped into military modernisation, the government is on a mission to acquire or indigenously develop fighter jets, submarines and advanced missile systems. One by one, big-ticket purchases are being cleared, and the pace is relentless. Earlier this month, the Ministry of Defence approved military procurements worth over Rs 1 lakh crore in one go. Among them, Rs 44,000 crore has been set aside for 12 Mine Counter Measure Vessels and Rs 36,000 crore has been sanctioned for six regiments of the Quick Reaction Surface-to-Air Missile system, better known as QRSAM. These six QRSAM regiments will be split evenly between the Indian Air Force and the Army. But here is the twist. This is only a fraction of what the armed forces actually asked for. The Army had demanded 11 regiments. What they got was only three. The Air Force's separate demand? Also unmet. If both services were to receive the full complement, 11 regiments each, the total cost would have soared to Rs 1.12 lakh crore. But the government stopped short. Enter the 'Baby S-400' Apart from being a missile defense system, QRSAM is being nicknamed the 'Baby S-400'. India already has three operational regiments of Russia's S-400 system and expects two more by next year. But defense planners know that S-400s and indigenous Akash systems alone cannot transform the country into a secure fortress. The threat matrix has changed. China is watching, and so is Pakistan. And they are not standing still. Operation Sindoor proved India's air defense muscle. But it also exposed gaps, ones that Pakistan tried to exploit through waves of drone incursions, many supplied by Turkey and China. Hundreds were launched. All were neutralised. But the lesson stuck – air defense needs to be multi-layered, relentless and everywhere. That is where the QRSAM fits in. Designed by the Defence Research and Development Organisation (DRDO), it is built to intercept fighters, drones and helicopters within a 30 km radius. Not as long-range as the S-400's 400 km or Akash's 100-200 km reach, but perfect for quick and short-range airspace protection in dense threat environments. More importantly, it's Indian-made, fast, precise and combat-ready. Not Enough for a Fortress At Rs 6,000 crore per regiment, scaling up to the Army's full demand alone would cost Rs 66,000 crore. Add the Air Force's likely mirror request and you are staring at a Rs 1.12 lakh crore bill. Expensive? Yes. But what is the price of making the skies over India completely off-limits to 5th-gen fighter jets, drones, cruise missiles or worse? With full deployment, India's air defense would shift from deterrence to denial. Nothing would be able to breach the perimeter. During Operation Sindoor, India's air defenses held. But in military planning, holding is never enough. The military is not asking for luxury, it is asking for survivability. Against future drone swarms, supersonic fighters or long-range missile salvos, six regiments are just a start. If the government greenlights the remaining 16 regiments, the Army and the Air Force both, it would send a message that India is preparing. And once QRSAM rings the nation's skies, even the birds will need clearance to fly.


Time of India
27 minutes ago
- Time of India
Rs 56cr approver for development of Chintpurni Devi temple: Union tourism minister Gajendra Singh Shekhawat
Shimla: The central govt has approved Rs 56.26 crore under the 'Swadesh Darshan 2.0' scheme for the development works at Chintpurni Devi temple to strengthen the tourism infrastructure in Himachal Pradesh, informed Union tourism minister . Tired of too many ads? go ad free now In response to a question asked by Kangra MP Rajeev Bhardwaj in the Lok Sabha during the ongoing monsoon session, Shekhawat informed that under the 'challenge-based destination development' component of the Swadesh Darshan 2.0 scheme, Rs 24.82 crore was approved for developing tourism infrastructure in the Kaza sub-division of Lahaul-Spiti, while Rs 4.96 crore was approved for developing tourism infrastructure in Rakchham-Chitkul. He also informed that during the financial year 2016-17, the central govt approved Rs 68.34 crore under the original 'Swadesh Darshan' scheme to develop the Himalayan circuit covering Kiarighat, Shimla, Haatkoti, Manali, Kangra, Dharamshala, Bir, Palampur, and Chamba. Regarding a question about the drying up of the Dal Lake, Dharamshala, in recent years, the minister said it falls under the jurisdiction of the state govt, and the Union ministry of tourism did not have a dedicated programme for handling issues in reservoirs or reservoir conservation. TNN


Time of India
42 minutes ago
- Time of India
GIDC caused over Rs 1 crore loss to exchequer: CAG
Panaji: The Comptroller and Auditor General (CAG) observed irregularities by the Goa Industrial Development Corporation (GIDC) in taking office premises on lease from Myles High Hotels and Towers Pvt Ltd, resulting in a loss of Rs 1.2 crore. The CAG said that on Nov 11, 2023, the GIDC received an unsolicited offer from Myles High Hotels and Towers Pvt Ltd for leasing commercial office space on the second floor of their building at Patto, Panaji, for Rs 5.7 lakh plus taxes plus maintenance. 'The same day, the offer was discussed at the 387th board meeting, and it was resolved (resolution 67/2023) to acquire the premises on lease at the same rate and terms and conditions in which the directorate of panchayat (DoP) acquired four other floors of the same building,' the CAG said. 'Thus, the rate quoted by Myles High Hotels and Towers Pvt Ltd was already in accordance with the prevalent rates of lease with the DoP. The GIDC sought to get PWD rent valuation for the said premises but did not pursue the matter when it was advised to approach the PWD's work division-1,' the CAG said. On Nov 22, 2023, the GIDC accepted the lease offer for the first year with a cumulative annual financial impact of over Rs 94 lakh. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Up to 70% off | Shop Sale Libas Undo 'Myles High Hotels and Towers Pvt Ltd issued a document to hand over the keys of the premises to the GIDC, but it was not taken over. The GIDC sought a revised quote on June 7, 2024, and a revised quote of over Rs 7.68 lakh plus taxes plus maintenance for the same premises was given,' CAG said. On June 15, 2024, the GIDC accepted the revised offer. On June 21, 2024, the GIDC signed the lease deed for 36 months from Jan 2024, stating a monthly rent of Rs 5.7 lakh plus taxes plus maintenance from Jan 2024 to May 2024 and Rs 7.6 lakh plus taxes plus maintenance thereafter. The GIDC undertook interior works and spent Rs 77 lakh in July and Aug 2024 and shifted into the new premises in Sep 2024. 'There were no documents on record to detail the formal handing-taking over of the premises and the physical condition of floors, walls, etc, on the date of taking over,' the CAG said. Stating that the following irregularities were noticed during the audit,the CAG said, 'There was neither an internal decision/approval for renting of additional office space prior to Nov 2023 nor was a public notice issued by the GIDC inviting bids for commercial space on rent. Immediate acceptance of an unsolicited offer from Myles High Hotels and Towers Pvt Ltd, despite being over four times the prevailing market rate was irregular. ' 'The reply of the management is awaited,' CAG added.