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LETTER TO THE EDITOR

Letters to the editor

The Financial Express

Posted: Thursday, Jul 09, 2009 at 2132 hrs IST
Updated: Thursday, Jul 09, 2009 at 2132 hrs IST


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: In his Budget speech, Finance Minister Pranab Mukherjee praised Indira Gandhi on her bank nationalisation decision, calling it wise and visionary. But when it comes to giving fair salary rise to employees of these public sector banks, the government behaves irrationally. The wage revision issue is unresolved for the last 30 months or so. Earlier, the government agreed to a 17.5% rise, which was later changed to 15%. Will the Finance Minister look into this matter? Even though many of the new private sector banks have proved reckless in their lending decisions, public sector banks have proved prudent. Shouldn’t this be rewarded?

-Sudhir K Bhave Mumbai

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