New Delhi, July 19
Noting that public sector banks had so far played a critical role in the overall development of the country, Congress leader Jairam Ramesh today demanded in Rajya Sabha that the government come out with a categorical declaration that these lenders would not be privatised.
Seeking the government’s assurance through a special mention in the House, Ramesh said, “Tomorrow July 20 marks the 50th anniversary of man’s first walk on the Moon. But today, half a century ago, the then PM Indira Gandhi electrified the country by nationalising 14 private banks.” The Congress leader then went on to add: “This had profound immediate implication and had fuelled green revolution and resulted in rural development. It also led to growth of self-help groups and catalysed economic growth.”
Ramesh said it was this move that saved India from the impact of severe global financial crisis. “I urge the government to come out with a categorical declaration against privatisation of public sector banks,” he said. — TNS
from The Tribune https://ift.tt/32F2F7F
via Today’s News Headlines
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