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SHRI CHANDRA SHEKHAR (BALLIA, U.P) : Mr. Speaker, Sir, there is a long story of nationalisation of these banks. All India Congress Committee had passed a resolution in 1968 for which a campaign was launched in the Congress. 100 members of this House had given a memorandum to the then Speaker of this House Shri Kamraj ji and a copy of it was sent to Smt. Indira Gandhi also. Prior to that, I had asked some Professors of various universities to study this subject and had brought out a booklet in which it was said that nationalisation of banks was necessary for the development of the country, for the poor people and for backward areas. After such efforts the banks were nationalised. Today, suddenly the Government is trying to denationalise the banks. Moreover, the issue has not been discussed with anyone. They are following the practice of not to discuss the matter, they do not hesitate in selling out the country’s assets. ...(Interruptions) The Cabinet takes decisions in hurry without informing anyone. My friend Shri Pramod Mahajan makes announcement on T.V. and radio that Cabinet has decided to sell so and so industry ...(Interruptions) I would request hon’ble Finance Minister Shri Yashwant Sinha to not to denationalise the banks. It is not only the question of selling assetts of the country but it is the question of prestige of the country also. It is a conspiracy to hinder the development process in backward areas and the improvement in the economic condition of the poor people. I request him not to deviate from the process of development. ...(Interruptions)

SHRI CHANDRA SHEKHAR : Mr. Speaker, Sir, I have seen the report of Shri Arun Shourie. At that time, a decision was taken that 20 per cent disinvestment will be there and that will be to the public financial institutions and not to the private sector and foreign companies. Do not distort the facts. ...(Interruptions)