Tuesday, September 6, 2016

Centre should withdraw from SBT merger, says VS

THIRUVANANTHAPURAM: The centre should withdraw from its decision to merge SBT with the State Bank of India, said former chief minister V S Achuthanandan. If not strong protests like stalling the banking sector will have to be faced, warned VS while inaugurating SBT Save Forum.

The merger issue is now in the high court. If the court verdict is against, then strong protests would be staged. We have a history of winning employees strike. Though protests were staged against the merger, instead of an agreement, steps are taken to handle the employees opposing the merger.

It’s time for an honest re-examination on the country’s financial policies, said KPCC chief V M Sudheeran who delivered the main speech.  All political parties including the CPM should think about it seriously. A joint discussion is needed on it, he said. All the people of the state are against the merger. Nobody has spoken in favour of it. The people have expressed their emotions. The government and all political parties are united on it. The MPs of the state had strongly presented this issue in the Lok Sabha. Still, the centre is not withdrawing from it. They should withdraw otherwise a united fight would be staged, he said.

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