New Delhi,   All India Bank Employees’ Association invited Shri Kumar Ketkar Member of Parliament Congress, to address the attendees at the AIBEA’s ongoing National Seminar series on the theme People’s Money for People’s Welfare. The speaker highlighted the ease with which the current government is looking at denationalizing banks as if it is just an act.

 “They definitely bulldozed abrogation and abolition of article 370, they bulldozed agriculture sector against the interest of the farmers and they are yet not able to implement the agricultural laws, and they haven’t been able to implement the abolition of article 370. Finally, they were forced to discuss with the party in Jammu & Kashmir on how to go ahead despite the completely abrogated article 370,” said Shri Kumar Ketkar Member of Parliament Congress. 

Shri Ketkar reiterated the significance of social movements and their role against non-beneficial policies by the government. 

Highlighting the current scenario he said, “ middle class is helping PM Modi after getting benefits from left-wing.”

Recalling the times of Nehru and Indira Gandhi he exclaimed, “ Technical education during Nehru Ji, and space research during Indira Gandhi, all this prosperity could not have come to the middle class without nationalised banks.”

The speaker drew attention to the scenario wherein the New Rich NRI is not only the funder of the Hindutva movement but also the promoter of Hindutva Movement. He pinpointed Modi for creating a new set of support systems for these NRIs in the abroad countries.

“The epicentre of the progress of India has been bank nationalisation. If this government succeed in the privatisation of the banks then it will be an attack on the movement which Nehru ji and Indra Gandhi initiated,” added Shri Ketkar.

He expressed concern over the future of bank employees post the anticipated privatization of the banks. He further called bank nationalisation an ‘attack on the sovereign economy policy of the country’. 

The speaker concluded by urging AIBEA to bring not only the bank employees but all the trade unions like insurance under one umbrella to fight against the privatisation.

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