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Fear For Deposits Of People In Banks, Post Offices And LIC: Mamata

Banerjee’s comments come in the wake of the Hindenburg Research report that made a slew of allegations of wrongdoing against the business conglomer𝕴ate led by industrialist Gautam Adani, in which state-owned lender SBI and Life Insurance Corporation have exposure.

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West Bengal Chief Minister Mamata Banerjee on Thursday expressed concern over the plight of people’s deposits in banks, post offices and the LIC, claiming th🌠at the existence of such institutions might be at stake in future. 

Banerjee’s comments come in💙 the wake of the Hindenburg Research report that made a slew of allegations of wrongdoing against the business conglomerate led by industrialist Gautam Adani, in which state-owned lender SBI and Life Insurance Corporation have exposure. "Some day, they will say wind up LIC, banks and post offices; so where will the people go?" she said, in an indirect reference to the BJP-led central government.

Banerjee was speaking at a programme at Panchla here for laying the foundation of various projects, and extending government services to people. The general public make investments in life insurance and bank deposits, which are provided as loans t🅰o various business houses, the CM claimed. S𝓡he reiterated that the Centre has not released funds for the 100-day job guarantee scheme to West Bengal.

"We are yet to get Rs 7,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS),” Banerjee said. Raising concern over proper utilisation of funds gran🐻ted in the past, the BJP-led NDA government has withheld money for various w⛦elfare schemes in the state. 

"I urge the central government not to deprive poor people and provide the ꦯdues,” she said. The chief minister also claimed that her government has created 10 lakh workdays and made payments form the the state's funds. "Funds for 11 lakh houses (under Prime Minister Awas Yojana) are also pending," Banerjee said.

The Trinamool Congress supremo said though the state government bears 40 per cent share of the funds meant for the scheme, the Centre claims bulk of the credit. “It is our money, which they take as GST and thಞ💖en do not give our share," she said. Banerjee also asserted that she would not allow the division of Bengal or entertain “divisive forces”.

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