The very purpose of nationalisation in India — serving the unbanked and under-banked — is yet to be achieved and financial inclusion cannot afford the luxury of complete privatisation
"Even while the agitation to save Vizag steel plant is intensified, the minister's remarks tend to provoke Telugu people," CPM Visakhapatnam district secretary K Lokanadham said
CPI (Maoist) Telangana State Committee spokesperson Jagan alleged that the Modi govt was privatising profitable public sector companies to capitalist and corporate forces
In a statement, the AINBOF said privatization will primarily impact the general public only as the social objectives will be lost in the name of profitability.
The YSRCP-led state government has also expressed solidarity with the bandh and announced that RTC buses will not run today till 1 pm.
Chief Minister YS Jaganmohan Reddy had already announced that a resolution would be adopted in the Assembly opposing the privatisation of Vizag steel plant
The steel plant employees and contract workers were on relay fasts for the past 15 days protesting the privatisation move
The decision was informed by the Chief Minister himself to the members of JAC of Ukku Parirakshana Committee who met him on his arrival at the city airport here on Wednesday
These Acts led to nationalisation of banks in two phases and provisions of these laws have to be changed for privatisation of banks, they said
Jaganmohan Reddy also drew the attention of Modi to the fact that the plant had a good performance between 2002 to 2015 earning profits with positive net worth.
Finance Minister Nirmala Sitharaman had announced that a new policy on PSU privatisation will be announced whereby a list of strategic sectors requiring presence of PSEs in public interest will be notified.
Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that put in preliminary bids last week for buying loss-making carrier Air India.
Instead of addressing systemic issues facing Railways through reforms, the NDA govt appears to have only one solution —privatisation
The Centre should not lose sight of the long-term adverse impact of the indiscriminate selling of public assets
We had excellent results both physical and financial. First-quarter refinery performance was dismal due to Covid-19 lockdown. Our strategy of buying crude oil prices at low prices in May and June
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