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Farmer Leader Rakesh Tikait now calls for Nationwide movement against privatization of banks

Rakesh Tikait

Rakesh Tikait after leading the farmers’ protest against the center’s three-farm bills is now demanding a nationwide movement against the privatization of banks.

After, leading the farmer agitation against the center’s three farm laws for almost about a year, Rakesh Tikait is now raising the issue of privatization of public sector banks, drawing a huge criticism from the ruling Bharatiya Janata Party (BJP). Farmer leader Rakesh Tikait, on Saturday, commented that there was a need to put a stop to the process of privatizing public sector banks and for this, there should be a nationwide movement against this. 

Tikait said “We had given a stern warning at the beginning of the farmer’s protest that after this protest, next on our list, will be the banks. Taking it to Twitter, Rakesh Tikait tweeted  “We had warned at the beginning of the movement that the next number would be of banks. See the result, on December 6, the bill for privatization of public sector banks is going to be presented in the Parliament. There is a need for a common movement across the country against privatization. #StopPrivatization” (translation of his tweet in English).

This comes at the backdrop of the budget speech given by Union Finance Minister Nirmala Sitharamam in the month of February. She had announced a major move to privatize two Public Sector Undertaking banks and one general insurance firm as part of the ‘Centre’s Disinvestment Plan’. However, Sitharaman had specifically not stated which are the banks that government has shortlisted for privatization. This announcement has also drawn a lot of criticism and bank employees have been opposing the move for the fear of loss of their job.

Reacting to BKU leader Tikait’s call for a nationwide protest, Union Minister for Parliamentary Affairs Prahlad Joshi said “Your demands have been fulfilled, you talk about farmers. The government will see how to run the country and the policies that are to be taken.” The Banking Law Amendment Bill 2021 will be tabled seeking appropriate changes in to the Banking Companies Acquisition and Transfer of Undertakings Act, 1970 and 1980, and amendments to the Banking Regulation Act, 1949.

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By TIS Staffer
the authorBy TIS Staffer

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