BJP Using Money from LIC, Nationalised Banks to Benefit Cronies: Mamata

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Last Updated: February 02, 2023, 20:34 IST

Banerjee met Amartya Sen in his residence in Shantiniketan today where she gave land documents to him (File photo/PTI)

Banerjee met Amartya Sen in his residence in Shantiniketan right now the place she gave land paperwork to him (File photograph/PTI)

Speaking at a perform in Purba Bardhaman district, the Trinamool Congress supremo lashed out on the BJP-led Centre over the Union funds, claiming that earnings tax concessions are nothing however a jugglery of phrases.

West Bengal Chief Minister Mamata Banerjee on Thursday alleged that the BJP was utilizing folks’s cash deposited with the Life Insurance Corporation (LIC) and nationalised banks to profit cronies of the celebration.

Speaking at a perform in Purba Bardhaman district, the Trinamool Congress supremo lashed out on the BJP-led Centre over the Union funds, claiming that earnings tax concessions are nothing however a jugglery of phrases.

“If this government stays for long, all banks will be closed. Life Insurance (Corporation) will be wound up. The way LIC shares are being sold… the way LIC’s and banks’ money – which belong to the people – are being used for the benefit of the party and some famous people close to the party, you don’t know whether you will get your money from banks or insurance companies,” she stated.

She was apparently referring to the funding of SBI and LIC within the Adani Group, the shares of which have crashed following a report by US-based analysis group Hindenburg alleging monetary irregularities by the Group.

Describing the Union funds as “full of lies”, Banerjee alleged that the Centre was making tall claims with an eye on the 2024 general elections.

Without elaborating, the chief minister also claimed that the BJP-led central government was in doldrums after the share market “witnessed a massive crash following the presentation of the budget”.

“Telephone calls were made to some people asking them to pump in several thousand crores of rupees to those whose shares are making losses,” Banerjee alleged.

On the Union budget, she said in the previous income tax structure, exemptions of about one and a half lakh rupees were available in multiple investment sectors.

“But as per the new tax scheme, these deductions will not be available now… So, at the end of the day, is it profitable (to shift to the new tax regime) or is it a loss?,” the TMC chief said.

Referring to the student unrest in Visva Bharati, Banerjee alleged that the students were tortured by the authorities and she “will always stand by them”.

“There is a transfer to block recruitments, however all youths of Bengal will get jobs. Everyone might be given jobs as per the principles. Nobody has to beg for it,” she stated

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(This story has not been edited by News18 employees and is revealed from a syndicated information company feed)

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