Merger of banks created chaos job loss Yechury
Kolkata Feb 23 PTI CPIM general secretary Sitaram Yechury on Wednesday asserted that the merger of nationalised banks has created chaos and is leading to loss of jobsThe aim of bank nationalisation was to include the poor in the banking system so that they could avail of their advantages but the amalgamation has negated that purpose he claimed Merger of nationalised banks has created chaos and loss of jobs he said at a programme to mark the birth centenary year of Ashis Sen one of the pioneers of trade union movement in banks and a former Rajya Sabha MP Nationalisation of banks had helped the Indian economy agriculture and rural productivity he said Yechury claimed that the rural employment guarantee scheme under MGNREGA is being diluted by the BJP government at the Centre thus depriving the village population of their lifeline during the Covid pandemic times The allocations have been reduced in 2022-23 budget proposals compared to last year by about 25 per cent he said Alleging that the economic foundations of India are being destroyed by the present government at the Centre he claimed that the wealth of the countrys billionaires has increased tremendously during the two years of the pandemic since March 2020 He alleged that attempts are being made to privatise the nationalised banks by the central government to absolve itself of its responsibilities Yechury alleged that the BJP is attempting to destroy the secular democratic fabric of the country through its narrative based on religious divide PTI AMR NN NN
Kolkata Feb 23 PTI CPIM general secretary Sitaram Yechury on Wednesday asserted that the merger of nationalised banks has created chaos and is leading to loss of jobsThe aim of bank nationalisation was to include the poor in the banking system so that they could avail of their advantages but the amalgamation has negated that purpose he claimed Merger of nationalised banks has created chaos and loss of jobs he said at a programme to mark the birth centenary year of Ashis Sen one of the pioneers of trade union movement in banks and a former Rajya Sabha MP Nationalisation of banks had helped the Indian economy agriculture and rural productivity he said Yechury claimed that the rural employment guarantee scheme under MGNREGA is being diluted by the BJP government at the Centre thus depriving the village population of their lifeline during the Covid pandemic times The allocations have been reduced in 2022-23 budget proposals compared to last year by about 25 per cent he said Alleging that the economic foundations of India are being destroyed by the present government at the Centre he claimed that the wealth of the countrys billionaires has increased tremendously during the two years of the pandemic since March 2020 He alleged that attempts are being made to privatise the nationalised banks by the central government to absolve itself of its responsibilities Yechury alleged that the BJP is attempting to destroy the secular democratic fabric of the country through its narrative based on religious divide PTI AMR NN NN
