Half of the employees of private banks are contractual . With minimum wage they are being tortured like slaves. Oppose privatisation bof Bank

Mr. Modi  became the first PM to use the word 'Privatisation'. Earlier PMs used to use the word Disinvestment. He also said that 'Business is not the business of govt'. In my opinion, this statement is not universally applicable. This is applicable only in rich countries that too till some extent because their Social Safety nets are very strong. In India, there is no concept of Social Safety, we all have seen lakhs of migrant workers walking thousands of kilometers to reach their home during lockdown. He also became the first PM to say that 'PSUs are burden on taxpayers'. No PM even dared to talk like this about PSUs. This is not only an insult to years of contribution of PSUs in Nation building, but also to all those workers who have given their life to these organisations serving nation.This Govt is strongly pushing for privatisation and proposing it as the panacea of all our problems specially job creation. But one should understand that Pvt sector doesn't exist to create jobs, it exist to create profitability. Job creation is not the main agenda in any board meeting of any Pvt company. Their main agenda is to create maximum profitability by creating minimum number of jobs. And if someone thinks that privatisation gonna solve the job crisis of India, then he must be living in Lala land.

Half of the employees of private banks are contractual . With minimum wage they are being tortured like slaves. Besides, there is no security of their job.