Gandhi’s accusations came against the background of the government selling its entire 52.98 percent stake in India’s second-largest fuel retailer and India’s third-largest oil refiner, BPCL.
“Today, the country faces many disasters produced by the Modi government, among which it is unnecessary privatization. Young people need jobs, but the Modi government is destroying jobs and capital by privatizing PSUs, “he tweeted in Hindi.
“Who is benefiting? He is only doing the development of a few ‘friends’, who are close to Modi. Let’s stop privatization and save the government jobs,” Gandhi tweeted.
आज देश मोदी सरकार-निर्मित कई आपदाएँ झेल रहा है जिनमें से एक है अनावश्यक निजीकरण।युवा नौकरी चाहते हैं पर मोदी सरका… https://t.co/BcfEm5qOp5
– Rahul Gandhi (@RahulGandhi) 1599476072000
Congressional leader in Lok Sabha Adhir Ranjan Chowdhury said the Modi government has proven to be one that is “infected by both political and economic bankruptcy.”
“While China is registering 3.8 percent growth in its economy, India has contracted by -23.9 percent. Modinomics has failed, for the survival of the economy Jingoism cannot be a remedy, Sh Narendra Modi Ji, you should talk to former Prime Minister Sh Manmohan Singh Ji and listen patiently, “he tweeted.
Former finance minister P Chidambaram also said that news reports say that the State Bank of India plans to implement a VRS scheme as an “economic measure.”
“In normal times, the plan would be moot. In these abnormal times, when the economy has collapsed and jobs are scarce, it is cruel,” he said.
The congressional leader said that if India’s largest lender has to shed jobs, imagine what other large employers and MSMEs are doing.
“The plan is apparently voluntary, but we know it will put subtle pressure on the employees the Bank wants to get rid of. If the current rules provide for a genuine voluntary retirement, why announce a new plan and give an exact number like 30,190 ? “he tweeted.
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