Say a Loud No to Bank Privatisation
The winter session of parliament is beginning on November 29. This session is likely to take up the key financial issue of privatisation of banks. During 2021-22 budget, the Finance Minister Nirmala Sitharaman had announced the privatisation of two nationalised banks and one general insurance company. Accordingly, the General Insurance Business (Nationalisation) Amendment Bill, 2021, was passed in the monsoon session, though the particular insurance company to be privatised had not been identified.