Bank Mergers and the Opposition of the Workers

Bank workers face the threat of massive job losses
They also know that mergers are a stepping stone to privatisation

On 1 April 2020, ten state-owned banks were turned into four giant sized banks through mergers. The proposal for these mergers was announced in August 2019.  It met with widespread opposition by bank workers’ unions.

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Drugs for Covid patients

Government allows profiteering by pharmaceutical companies

Vital drugs for treatment of Covid patients are in short supply and priced at levels that masses of people cannot afford. Pharmaceutical companies are taking advantage of their monopoly over these drugs and profiteering. The shortage has led to black-marketing of some of these drugs at absurdly high prices.

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