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'Public welfare government' can never promote capitalism: Varun Gandhi

New Delhi : Bharatiya Janata Party (BJP) MP Varun Gandhi on Friday took a veiled jibe at the Centre over privatization of banks and railways stating that a 'public welfare government' can never promote capitalism as it creates economic inequality.Taking to Twitter, the BJP MP said that the only privatization of banks and railways will make 5 lakh employees unemployed. "Only privatization of banks and railways will make 5 lakh employees 'forcefully retired' i.e. unemployed. With every job that ends, the hopes of lakhs of families are lost. A 'public welfare government' can never promote capitalism by creating economic inequality at the social level," he said. Finance Minister Nirmala Sitharaman in the Union Budget 2021-22 announced that two public sector banks would be privatized as part of the government's disinvestment target to generate Rs 1.75 lakh crore.

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