*Let us ponder on the issue*
Any proposal for Privatisation of any PSBs is retrograde,ill conceived and thoroughly inimical to the interest of the countrymen
We are not waiting to hear the names of 2 banks where disinvestment is proposed. Because any name will have a same effect on us and same response will be from us.
Steps towards disinvestment of PSU would face stiff resistance from all stake holders.
Bank Nationalisation was not as a whimsical,sudden and arbitrary policy decision by the Govt but as a culmination of a long standing popular demand emanating from the various stake holders ,depositors and Bankers .
When Govt.is planning to move in the reverse direction have they asked those stake holders?
Govt. is duty bound to ask and respect their sentiment.
Moreover,in the budget special mention has been made about easy access /availability of the funds to the extent of *DICGC available(upto Rs 5 lakhs)* in banks placed under moratorium/Stress.
Can they name any Nationalised bank which has come accross such a situation from 1969 to 2021? Our reply is big NO.
If it is so then now onwards are they expecting more banks will be put under stress after this privatisation move?
Any step in the name of disinvestment in any bank will demolish the very structure of PSBs.
Because for that Govt will have to repeal the Bank Nationalisation act ,1969 and Banking Companies acquisition and Transfer of Property act,1980 *which will open the lock gate.*
It is the duty of every citizen of this country to fight against the recent announcement of privatising two PSBs as the PSBs were responsible for having built up the country's Economy brick by brick and made it self Reliant.
A long way to go with more and more strong Nationalised banks.But as a responsible citizen we can not allow the wheel move in reverse direction.
Time to fight
We shall fight We shall fight. We are to start Organised movement.
No one step back,come what may. Do or Die....
Sanjay Das.
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