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Chief Minister to launch national movement for financial independence

Chief Minister Pinarayi Vijayan will inaugurate the national-level agitations in the state capital on Wednesday.

Published: 18th July 2018 05:45 AM  |   Last Updated: 18th July 2018 05:45 AM   |  A+A-

Pinarayi Vijayan

Kerala Chief Minister Pinarayi Vijayan (Photo | PTI)

By Express News Service

THIRUVANANTHAPURAM:A major campaign against the privatisation of public sector banks and insurance companies is coming up in the state. To be organised by the Movement for India’s Financial Independence (MIFI), the effort is to effectively oppose any move against nationalised banks.

Chief Minister Pinarayi Vijayan will inaugurate the national-level agitations in the state capital on Wednesday. A slew of political leaders from different fronts are expected to be part of the satyagraha at the Martyrs Square in Palayam at 3.30 pm. A Maha Satyagraha will be organised on Thursday from 5.30 pm to 8.30 pm.

There’s an urgent need to come forward to protect the financial  establishments in the public sector. “In today’s political scenario, it’s essential to ensure financial  establishments in the public sector are retained. The authorities should make clear their commitment and responsibility to this end,” said economist K N Harilal, convener of MIFI.

Also there should be proper and in-depth studies to review the impact of the new reforms in the country’s finance sector following the Narasimham Committee report. “The MIFI is planing to organise a nation-wide people’s campaign. There should be collective efforts to form a national-level consensus among political parties before the Lok Sabha election. The movement to be inaugurated on Wednesday is aimed towards this initiative,” Harilal said.



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