The Hindu : Kerala / Kochi News : `Government should have control over banks'

Online edition of India's National Newspaper
Sunday, Aug 08, 2004

Kerala

Kerala - Kochi

`Government should have control over banks'

By Our Staff Reporter

KOCHI, AUG. 7 . The Government should have control over the banks if it wants to fulfil its promise on doubling of agricultural loans in three years, said R.K. Gulati, national president of the Federation of Indian Bank Employees Unions (FIBEU). He was inaugurating the 21st State conference of the Indian Bank Employees Union here today.

`Develop farm sector'

He pointed out that car loans were being given at a lower interest rate than agricultural loans.

Calling it an irony, Mr. Gulati said that the country could make progress only through the development of the agricultural sector, on which about 70 per cent of the population are dependent.

Inaugurating a women's session later, Sara Joseph, writer, warned that the religious propagation that feminism was against family values would lead to global terrorism.

K. Mallika, vice-president of the All Kerala Bank Employees Federation, presided over the function.

Fundamental right

Inaugurating a public meeting in the evening, Thampan Thomas, former MP and president of the Hind Mazdoor Sangh (HMS), said the right to work should be made a fundamental right in the country.

A procession was taken out from the Marine Drive in the afternoon. The two-day meeting will continue tomorrow.

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