DAY LIGHT ROBBERIES BY THE RICH

According to media reports the public sector banks have written off about 2.5 lakh crores rupees from the year 2012-13 to 2016-17. The defaulters rather beneficiaries of the bank are among the richest in the country. As per available information they include Reliance, Adani, Vedanta,  Essar, Jaypee, JSW, GMR, Lanco, GVK group of companies etc. This huge sum does not belong to any political parties, finance ministers or bank managers but to the common man of India right from the beggars, daily wage earners, petty traders, poor farmers and so on.

All these companies must have enough assets in one way or the other. Instead of attaching such assets the banks preferred, may be under the instructions by the top guns from the ruling parties from time to time, to write off this huge sum. In order to recoup the money gifted to the rich of the country, the banks started looting the common man under the names service charges, hiking the lending rates, bringing down the interest for deposit and so on.

How long we Indians are going to remain silent against these dacoities? 1300 million is really a big force. We can shake the earth.

Ask oneself whether we want a democracy of this nature. Should we not refine this system to suit the ruled from the rulers?

KV George
kvgeorgein@gmail.com

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