Bank merger to protect Capitalists: Former Minister Rai
Mangaluru: “In a bid to safeguard the rich capitalists, the central government is merging the Vijaya Bank, which was giving financial livelihood to the coastal region and was in benefit; with Dena Bank and Baroda Bank, which are in the loss;” accused former minister B. Ramanatha Rai.
Vijaya Bank has a history of 87 years and has its own heritage. There is a history that the bank saved itself by not paying staff during the loss. It’s not acceptable to kill such a bank; he said while addressing a press conference on Monday.
Former Prime Minister Indira Gandhi nationalized the private banks and facilitated the loan facility to poor. No problem if was no money in the account. Whereas, in the current NDA government, account must have minimum Rs 2,000. Otherwise, the account holder must be penalties. With this, the NDA displays its stand where it wants to support only the haves and not the have-nots.
No one will be benefited from the merger of banks. Both, the bank staff and the customer, face a psychological problem. It has already seen the merger of Punjab National Bank and SBI. A.B. Shetty had employed many people of the district by establishing the bank. However, it is sad that the BJP MPs and MLAs are silent on the mergers. They are sure of getting votes by inciting communal sentiments ", rai said.
Mayor Bhaskar K, Leaders Mamata Gatti, Baby Kunder, Vishwas Kumar Das, R.K. Prithviraj, Sadashiva Ullal, Shashidhar Hegde, Kavita Sanil, Uppi and Nazir Bajal were present.
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US–Iran first round direct talks conclude in Islamabad: Report
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The first round of direct talks between the United States and Iran, held in Islamabad, has concluded, Al Jazeera reported citing sources close to the development.
According to the report, following the discussions, delegations from both sides agreed to exchange written documents, a move aimed at ensuring clarity and consensus on the understandings reached during the meeting.
Both the Iranian and US delegations arrived in Islamabad on Saturday, April 11, amid high security for the peace talks.
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