THE BYSTANDER: Driving with electricity

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THE BYSTANDER: Driving with electricity

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Indian banking industries could avoid the global recession and its after effects like bankruptcy, liquidations that massacred US banking majors. No doubt the practice of prudential banking norm and government control what controlled their exposures to reckless banking practice. But what is ailing the industries is its policy and manpower. The wage in banking industries is one of the lowest amongst peer organizations under government control. For the past two years the employee’s fresh wage agreement is due. No doubt, the trade unions used to be super powers in this industries decade ago, but no more they are so now. As most of the trade unions are controlled by their political bosses covertly or overtly, so their influence in the government does matter. Unfortunately currently, most or all of these political bosses of trade unions sit in the bench earmarked for members of oppositions in Parliament; so there is none to consider their case seriously. Neither they are in any hurry as nex...
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