Protesting recent policies of the Government of India, employees of India’s Reserve Bank went on a mass casual leave today.
More than 17 thousand employees walked out today, also demanding improved benefits for retirement. This has affected clearances, NEFT and RTGS services, as well as foreign exchange transactions.
The mass casual leave has been called by the main union of RBI employees – United Forum of Reserve Bank Officers and Employees.
According to the union’s convenor Samir Ghosh, “ The government by various mechanisms is taking away functions of RBI. They have proposed to form Public Debt Management Agency (PDMA). Monetary policy is RBI’s jurisdiction, and the government wants to be part of it, which will cripple RBI’s power.”
