Government should rethink on divesting PSU Banks and Insurance Companies- BMS.. BMS congratulates the Government for its current efforts on massive vaccination, special scheme for tea workers in West Bengal and Assam, labour
Government should rethink on divesting PSU Banks and Insurance Companies- BMS BMS congratulates the Government for its current efforts on massive vaccination, special scheme for tea workers in West Bengal and Assam, labour oriented push on Infrastructure projects in construction sector and development of five major fishing harbours viz. Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat as hubs for economic activities etc. But mixing the beautiful concept of Atmanirbhar Bharath with FDI and disinvestment in the Union budget is disappointing for the employees. Government’s proposals to amend Insurance Act to increase FDI in insurance sector from 49% to 74% as well as relaxation of foreign investments in infrastructure sector will increase foreign dependence and should be reconsidered. Aggressive disinvestment programs like divesting two Public Sector Banks (PSBs) and one general...