Post No.243#GOBACKFAIRFAX
WE, THE EMPLOYEES OF IDBI BANK, OPPOSE PRIVATISATION!
IDBI Bank is not just a financial institution,it is our livelihood, our professional identity, and a legacy built through decades of dedicated service @kcvenugopalmp
In last 12 years personal income tax collection went up from 21% to 30% of total government revenue.
They are just squeezing the salaried middle class
Draconian taxation
Tax Terrorism by Modi government
#abolishincometax
Privatisation Is Not Reform. It Is an Abdication of Responsibility.
Financial inclusion through NBFCs and Small Finance Banks? The poor are already paying the price through exorbitant interest rates and usurious lending practices.
Bank mergers and the shrinking public-sector banking network have weakened branch expansion and created space for private banks, NBFCs and SFBs to grow.
When public-sector banks retreat, the poor don't stop needing credit. They simply become more vulnerable to costly loans.
The DFS must answer: Is financial inclusion about ensuring affordable credit for every citizen, or merely expanding private lenders' profits?
Before advocating Privatisation 2.0, explain how selling public-sector banks will protect depositors, ensure affordable credit, expand rural banking and safeguard financial inclusion.
Public-sector banking is a public responsibility, not a non-strategic asset to be discarded.
IDBI STAKE SALE IS NOT JUST ABOUT OWNERSHIP, IT'S ABOUT SOCIAL JUSTICE! What will happen to equal opportunities, reservation safeguards and career security for SC/ST/OBC/EWS and PwD employees in private owner?Keep IDBI in public ownership! #IDBINotForSale Pls Help @BhimArmy_BEM
IDBI STAKE SALE IS NOT JUST ABOUT OWNERSHIP, IT'S ABOUT SOCIAL JUSTICE! What will happen to equal opportunities, reservation safeguards and career security for SC/ST/OBC/EWS and PwD employees under private ownership?Keep IDBI in public ownership! #IDBINotForSale#IDBINotForSell