Thursday, May 29, 2014

Let the poor own our state-run banks!

.........Here’s an idea whose time has come! Let our poor part own our nationalised banks. How, pray? Its very simple. The Modi regime should transfer Rs 10,000 each into the account of each of the 400 million poor identified using the UID or other efforts, who are mostly farmers owning small land holdings.  Make them invest this Rs 10,000, which aggregates to Rs 4 trillion in state-run banking stocks. The natural consequence will be that the government holding in these banks will come down from the present high holdings, which vary from ...........

Read - ET

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