553
State Bank of India
The legal process for the merger of the State Bank of India
(SBI) with its associate banks would start on April 1, 2017.The media reported
this on 23 March 2017.
The merger would adversely affect the employment
opportunities of the people of the respective regions of the associate banks.
Above all, money would be extracted from different regions
and siphoned off to Mumbai. There ten men would remove the entire money. This
would lead to economic deprivation and painful consequences. This is an
unconstitutional action.
Further, it would undermine the unity and integrity of the
nation as it would sow the seeds for resistance like Marina Uprising. The militant people might consider this as a justification
for their militancy. They would say that the governments are doing harm to
them.
When the idea for the merger was mooted long ago by former
Union Minister Mr. P. Chithambaram,
the present man said that the manipulators wanted to remove the public money
through one counter rather than through many counters. After listening to this,
the NDA government under Mr. A.B.
Vajpayee retracted. Mr. P. Chithambaram had been a minister in the UPA
Government. When he mooted this idea, the UPA government under Dr. Manmohan Singh heard the voice of
the present man and retracted. The manipulators have succeeded in their third
attempt. The difference between the three governments could be discerned.
The present government believes that its promoters would
not survive unless one more element of exploitation is added. As the government is not a free one, it submits
India to serfdom. This would lead to greater oppression and exploitation of the
masses
The development shows that a few men would remove
everything from the people as and when they get a chance or as and when the
people sleep. Until then, they would patiently wait.
Any government acting in good faith would have gone in the
opposite direction. It would have split the State Bank of India and given them
to the respective state governments.
The public sector Life Insurance of India (LIC) also would have
been split and handed over to the respective state governments.
All other public sector undertakings also would have been
split and given to the respective state governments.
The above steps are consistent with the Constitution of
India. These steps would have inhibited the ability of some private companies
to exploit the masses and ensured growth.
Is the present government not free to take any decision?
The present government is free to take any decision after granting freedom to
the people to know the happy and painful consequences of various decisions.
The people are like our pet animals. Others should not be shown
to them. They should not see others. We will not allow them to see others. We
will give them food and water and take rest. They will be satisfied.
The
Government takes such a stand to plunder the public resources.
The Prime Minister of India has not talked anything about
the merger. If he pretends that he is not aware of the merger and its
consequences, one would think that he merges the banks for the livery of office
rather than for producing happiness in the mind of the people
.
This letter No.553
The
facts that happened on 23 March 2017 are being submitted to His Excellency the
President of India, Supreme Court of India, Chief Vigilance Commissioner,
Indian Army and the Indian Air Force, and posted in the blog: www.howeverythinghappenedinindia.blogspot.com on 24-3-2017.
24- 3-2017.
V. Sabarimuthu,
26-3 Thattamkonam, Vellicode,
Mulagumoodu PIN: 629167, India.
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