“Time to sell them off…Ask them how much money they need to leave country?”: Mamata Banerjee slams Modi govt on Union Budget, Netizens declare it Ambani-Adani budget


West Bengal Chief Minister Mamata Banerjee has lashed out at the Centre’s Narendra Modi government for announcing its intention to focus more on disinvestment and privatisation in the Union Budget for 2021-22. Reacting angrily to privatise PSUs, Banerjee accused the Modi government of selling the country, adding that it was time to ‘sell them off.’ Netizens accused the government of announcing the budget to please Mukesh Ambani and Gautam Adani.

“Railways sold, ports sold, insurance sold, PSUs 23 more to be sold. They are selling the country.. Why don’t you people sell them… Ask them how much more money they need to leave the country,” The Hindu quoted Banerjee as saying while addressing a public gathering in north Bengal.
Union Finance Minister Nirmala Sitharaman, in her budget speech, had proposed to divest two PSU banks and one general insurance company in the coming financial year.

Sitharaman said all divestments including that of LIC IPO. BPCL, CONCOR, Pawan Hans and Air India will be completed in the next financial year.

Banerjee’s attack assumes significance in light of the upcoming assembly elections in Bengal, where the BJP is desperately seeking to gain foothold.

A report by The Mint said that the Modi government was set to roll out its maiden privatisation plan with stake sales in two small public sector banks – Punjab & Sind Bank and Bank of Maharashtra.

Meanwhile, netizens took to Twitter to accuse Sitharaman of presenting the budget for Mukesh Ambani and Gautam, two close friends of PM Modi. Many felt that the budget was an AGM (Adanai, Ambani General Meeting).

In her budget speech, Sitharaman said that her government planned to privatise two public sector banks along with IDBI bank in the next financial year.


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