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Government Is Privatising Profit & Nationalising Loss: Rahul Gandhi

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New Delhi: The Government of India was attacked by the opposition leader Rahul Gandhi over the privatisation of banks and also extended his solidarity to the bank employees who are currently on a two-day strike till Tuesday.

“GOI is privatizing profit & nationalising loss. Selling PSBs to Modicronies gravely compromises India’s financial security. I stand in solidarity with the striking bank employees,” Rahul Gandhi tweeted. The Congress leader also stated that there is no logic behind selling state-owned tenders to private entities, no matter foreign or domestic. He stated that this was an attempt to make up for the disinvestment target of Rs 1.75 lakh crore.

Picture Credit: Zee News

The two-day nationwide bank strike against the privatisation of the public sector banks and new banking reforms on March 15-16 has won the support of Congress. Randeep Surjewala, the General Secretary of Congress said, “We stand in solidarity with 10 lakh bank officials and staff participating in the strike against reckless privatization of public sector banks.”

The strike was called by the United Forum of Bank Unions (UFBU), which is a forum consisting of nine banks and acts as an umbrella body. The UFBU is strictly against the ill-placed priorities of the BJP Government.

The Congress stated that the whole concept of nationalising of banks was a bold move by the former Prime Minister, Indira Gandhi to bring the banks closer to the public. The whole aim was to make banking and loans accessible to people who don’t meddle much with finance. The public sector undertakings are not just profit-making centres but have been used in the past as methods of social reforms.

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