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Indian workers are going on strike on Friday

Indian workers are going on strike on FridayMore than a million workers from Indian banking, telecoms and other sectors will go on Bharat Bandh on Friday - a strike to protest against Prime Minister Narendra Modi's labor reforms and a plan to close some loss-making firms together with claiming higher wages.

The All India Trade Unions Congress and Centre of Indian Trade Unions among other trade unions rejected a government appeal on Tuesday to call off the strike, saying it failed to address their demands.

Tapan Sen, general secretary of the Centre of Trade Unions, said government didn’t make any "tangible proactive steps" to meet union demands such as a rollback of privatization in sectors like defense and railways, and an increase in minimum wages.

The strike isn’t canceled also after Finance Minister Arun Jaitley's promise on Tuesday to release state employees' bonuses for the last two years, and increase minimum wages for unskilled laborers.

The unions had given their "12-point charter of demands" to the government in September last year, but no action has been taken on it so far. The unions have demanded to raise minimum wage twice. They asked to stop the disinvestment of Coal India and to end allocations of coal blocks to private companies, settlement of wage revision of contact workers as well as outsourcing workers working in the coal industry. The unions have also objected government’s move of inviting more foreign investment particularly in sectors like pharmaceutical and defence, where, they say, national security could be compromised.The unions also disliked a government directive to put more money into stock markets from state-run pension funds.
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