: Need a countrywide movement against bank privatisation, says farmer leader Rakesh Tikait #IndiaNEWS Farmer leader Rakesh Tikait on Saturday said there was a need to stop the privatisation of public

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Need a countrywide movement against bank privatisation, says farmer leader Rakesh Tikait #IndiaNEWS
Farmer leader Rakesh Tikait on Saturday said there was a need to stop the privatisation of public sector banks, adding that there should be a common countrywide movement against it.“We had warned at the beginning of the [farmers’] movement that banks will be next,� Tikait tweeted. “See the result, on December 6, the bill for privatisation of public sector banks is going to be presented in Parliament.�Tikait has been one of the prominent farmer leaders in the movement against the three farm laws, which were repealed on November 29. The farmer leader was speaking about The Banking Laws (Amendment) Bill that has been listed for discussion during the Winter Session of Parliament.During her Budget speech in February, Finance Minister Nirmala Sitharaman had announced the decision to privatise two Public Sector Undertaking banks and one general insurance firm as part of the Centre’s disinvestment plan.Sitharaman had not specified which banks had been shortlisted for privatisation, but reports suggested multiple names, including Bank of Maharashtra, Bank of India, Indian Overseas Bank and Punjab National Bank.But bank employees have been opposing the decision as it could put their jobs at risk. According to estimates from bank unions, Bank of India employs about 50,000 workers, Central Bank of India has 33,000 staff, Indian Overseas Bank has a workforce of 26,000, while Bank...Read more

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