India, Oct. 12 -- The Centre of Indian Trade Unions (CITU) on Saturday denounced the new appointment of top management positions in public sector banks and insurance companies.
CITU general secretary Tapan Sen in a statement urged the Central Gove-rnment to withdraw the Appointments Committee of Cabinet (ACC) new guidelines facilitating private persons' postings in PSU and Insurance companies' management.
CITU said that these top appointments in senior posts of PSUs will sabotage tyhe national character of these organisations.
"The CITU expresses its grave concern about serious threat the said guidelines poses to the security and integrity of the Public financial institutions built upon for decades with the finances of common Indian peop...