Employees of the India’s central bank – Reserve Bank of India (RBI) — will go on a one-day strike on Friday to protest against the pension policy, Samir Ghosh, general secretary of the All India Reserve Bank of India Employees Association announced.
The strike is likely to affect cheque clearing operations and settlement transactions in the currency market. The debt markets are also likely to get affected as the central bank runs the electronic trading platform on which majority of participants, including banks, deal.
The strike is to oppose the withdrawal of an updated pension scheme to pre-November, 1997 retirees. There was a drastic reduction of pension to retired RBI employees in relation to that drawn by the government retirees of comparable levels.
A senior official from the officers union said that more than 7,000 RBI offices across the country are likely to get affected. However RBI refrained from making any comments in this regard.